Spanish Oil Major Repsol May Resume Oil Exploration In Libya
Spain’s Repsol is willing to resume oil exploration activities in Libya in light of the improved security situation in the African OPEC member, Libya’s National Oil Corporation (NOC) said on Wednesday after a meeting between Repsol representatives and NOC chairman Mustafa Sanalla in Tripoli. Repsol is a joint venture partner in the company Akakus Oil—along […]
Study for commercial-scale hydrogen imports
Port of Rotterdam Authority, Koole Terminals, Chiyoda Corp. and Mitsubishi Corp. have signed an agreement to a joint study on the feasibility of a commercial-scale import of hydrogen from overseas sources to one of Koole’s terminals in the port of Rotterdam utilising Chiyoda’s proven hydrogen storage and transportation technology SPERA Hydrogen™. Northwest Europe will have […]
Neste Joined the Membership of Bioenergy Australia
In July 2021, Neste became a member of Bioenergy Australia,the leading bioenergy industry association in the country. This membership provides Neste with the opportunity to support initiatives to tackle climate change and decarbonise transport in Australia. Being a member of Bioenergy Australia, Neste will contribute its expertise in reducing aviation emissions through the Sustainable Aviation […]
Chemical tank roof collapses at LyondellBasell refinery
A floating chemical tank roof collapsed at LyondellBasell’s refinery in Houston, US, causing the release of carbon disulphide, dimethyl disulphide and methyl ethyl disulphide. A pungent, garlic-like smell was reported by local residents on 14 July 2021, according to the Houston Chronicle, but no company claimed responsibility. Harris County Pollution Control Services (PCS) said on […]
The scale and the challenge
In the fourth of Tank Storage Magazine’s coverage of the ‘Women in Tanks’ series, Xiling ‘Tess’ Zhou talks about her affinity to the industry and the joy of an international community It’s fair to say that Xiling ‘Tess’ Zhou loves the tank storage industry, and she is a bit of a newcomer. Having spent much […]
Transaction process commences for Trinidad’s national refinery
Trinidad Petroleum Holdings Ltd (TPHL) has commenced a broad-based process for a transaction involving the Guaracara Refining Co. Ltd’s refining assets, and the restart of the refinery. Guaracara currently holds the assets of the national refinery of Trinidad & Tobago (formerly held by the Petroleum Co. of Trinidad and Tobago Ltd.). Located on the sheltered […]
Kinder Morgan buys Kinetrex Energy
North American infrastructure giant Kinder Morgan has bought US LNG supplier Kinetrex Energy from an affiliate of Parallel49 Equity. As well as being the leading LNG supplied the US Midwest, Kinetrex has a 50% stake in the largest renewable natural gas (RNG) in Indiana, US. It has also signed commercial agreements to construct three further […]
Updated Industry Trends Report uncovers shifting priorities after COVID-19
London, 20 July 2021: StocExpo, the leading event for the bulk liquid storage industry, has released an updated Trends Report ahead of its return to Rotterdam, Netherlands on 8-10 March 2022. The 2020 report, which surveyed the opinions of hundreds of industry leaders to get their views on what the next year had in store […]
ExxonMobil to Participate in Acorn Carbon Capture and Storage Project in Scotland
IRVING, Texas – ExxonMobil has signed a Memorandum of Understanding to participate in the recently announced Acorn carbon capture and storage project (CCS) in Scotland. The project plans to capture and store approximately 5-6 million tons of CO2 per year by 2030 from gas terminals at the St Fergus complex at Peterhead, Scotland, which includes […]
Gerard Blok appointed commercial director of the Gpi Group
As of 1 July 2021, Gerard Blok is appointed as commercial director of the Gpi Group. Together with CEO Fred Boere and COO Arno Rodenburg he will be responsible for the commercial strategy of the company. “Gerard has been closely involved in the development of Gpi into the company we are today. With his commercial […]
FETSA committed to supporting the EU’s climate neutrality targets
FETSA, the trade body representing European bulk liquid storage across geographic Europe, is committed to supporting the achievement of the EU’s climate neutrality targets. Today, the European Commission has announced its Fit for 55 legislative package, containing a range of measures aimed at achieving a 55 percent reduction in greenhouse gas emissions by 2030. The […]
Oiltanking joins forces with Singapore authorities to enhance digitalisation in the supply chain
Oiltanking has announced it is a founding shareholder of Singapore Trade Data Exchange (SGTraDex), a Singapore-driven Public-Private partnership aimed at reshaping the local supply chain ecosystem through digitalisation. The Common Data Infrastructure (CDI) based initiative will provide the platform to enhance interoperability amongst supply chain ecosystem players and enable neutral, trusted, and secure data flows. […]
Joint call for action on Fit for 55 package
Joint call for action on Fit for 55 package from the Renewable & Low-Carbon Liquid Fuels Platform The European Commission’s Fit for 55 Package promises a bold new era in the fight against climate change, with proposed regulations to enable a 55% GHG emissions reduction target for 2030 and set the EU on course to […]
INEOS announces £25 million backing for HydrogenOne
INEOS Energy has agreed to make a significant investment in HydrogenOne Capital Growth Plc (HydrogenOne) which will be the first London-listed fund dedicated to clean hydrogen for the energy transition towards net zero carbon emissions by 2050. INEOS will purchase 25 million shares in the forthcoming IPO of HydrogenOne, representing 10% of the target fund […]
Oiltanking to host ReGen III re-refinery
Oiltanking North America has signed a non-binding letter of intent (LOI) with cleantech company ReGen III to host a used motor oil re-refinery production facility at the Oiltanking Galveston County Terminal (OTGAL), in Texas City, US. Under the terms of the LOI, Oiltanking will lease ground at OTGAL to ReGen III for the re-refinery, and […]
Keystone XL Owner Seeks $15 Billion In Damages From Washington
TC Energy, the Canadian pipeline operator that was building the Keystone XL project, has filed a notice of intent to initiate a claim against the Biden administration for the suspension of the project, seeking $15 billion in damages. According to the notice, the U.S. administration violated the North American Free Trade Agreement with its decision […]
Implications of the energy transition for the European storage
Brussels 6 July: FETSA representing European bulk liquid storage, and UPEI thevoice of Europe’s Independent Fuel Suppliers publish a landmark study on theImplications of the energy transition for the European storage, fuel supply anddistribution infrastructure. The study was carried out by the leading energy andeconomics consultancy Trinomics. Ravi Bhatiani, FETSA Executive Director, said “The study […]
Eco-fuels, a powerful ally in the energy transition
Society is immersed in the challenge of promoting initiatives aimed at reducing greenhouse gas emissions to achieve the highest possible decarbonisation, especially in the transport sector and, specifically, large-tonnage and long-distance transport , which is difficult to electrify. In this fight against climate change, eco-fuels can become one of the best allies, not only because […]
bp CEO Bernard Looney takes part in a webinar on the energy industry in transition
Source: BP bp CEO Bernard Looney takes part in a webinar on the energy industry in transition as part of the annual Columbia University Global Energy Summit In this excerpt from the Columbia University interview, Bernard highlights the important role hydrogen can play in helping to decarbonize hard-to-abate industries and talks about how collaborating to […]
Early stage & conceptual estimating: tank terminal industry
Duration: 50 minutes Watch the webinar to discover how Conceptual Estimating can improve the performance of Tank Terminals. About the webinar Tank Terminals provide connections between the key links in the chains –production, refining, and distribution – and serve as a repository for surplus and buffer inventory. Even though Tank Terminals can profit greatly from […]
Industrial-IoT in action
LoRaWAN sensors are defining the blueprint to digitise industrial sites at the first Vopak Terminal in Vlaardingen Royal Vopak is a Dutch company with tank storage facilities operating worldwide. Every day, hundreds of processes are carried out and checked manually to ensure ongoing safe and efficient operations. To create increased transparency, insight, and understanding of […]
Oiltanking Karimun and Matrix Global announce partnership to develop an Auction Platform for Refined Product Storage Capacity in Karimun, Indonesia
PT. Oiltanking Karimun (“PTOTK”) and Matrix Global Holdings LLC (“Matrix”) have established a partnership to develop an auction program for storage capacity at PTOTK’s facility on Karimun Island in Indonesia. Using Matrix’s proprietary auction platform, PTOTK explores to offer refined product storage capacity for amounts and terms to be determined by PTOTK. Depending on the […]
Highview Power unveils plan for first 500MWh liquid air storage project in Latin America
A joint venture (JV) partnership to develop and construct long-duration liquid air energy storage (LAES) projects at scale in Latin America has revealed plans for its first project. Highview Enlasa, formed as a 50:50 owned JV between UK-headquartered LAES technology provider Highview Power and Chilean backup power generation company Energia Latina SA Enlasa in October […]
Keeping Europe moving with lower emissions: the key role of low-carbon liquid fuels
Source: Exxonmobil – By Philippe Ducom, President, ExxonMobil Europe One of my favourite ways to travel on holiday and to discover new local destinations throughout our continent, is still by driving my car. It gives me the ultimate sense of freedom, a sensation we’ve all unfortunately been lacking during the last year of lockdowns. As […]
The spirit of Shell will rise to the challenge
Source: Ben van Beurden Chief Executive Officer at Shell – LinkedIn How does Shell respond to a court ruling in The Hague to reduce its carbon emissions even faster than planned? In this article, I set out how I believe we should rise to the challenge. Should a court single out an energy company to […]
Neste is aiming for 100% renewable electricity use globally by 2023
Neste is aiming for 100% renewable electricity use globally by 2023 ⎼ the use of wind power will be increased at the Porvoo refinery in Finland Neste is committed to reaching carbon neutrality in its production by 2035. As part of this effort, Neste aims for 100% renewable electricity use globally by 2023. In order […]
Gate Terminal has received ISCC certification
Gate terminal, a joint venture of Vopak and Gasunie, is pleased to announce it has received ISCC certification as a Bio-LNG warehouse. Gate is constantly looking to reduce the environmental impact of the LNG chain and of the LNG product itself. This certification will allow our customers to import certified Bio-LNG and distribute it towards […]
Liz Copland
As an environmental geoscientist, my focus coming out of University was on sustainability and finding a position that would allow me to see the impact of managing risk and ensuring environmental compliance. I never thought I would be applying these concepts within an industrial engineering environment, or that eventually I would work on some of […]
Africa’s Oil Nations Push Against Global Drive To Shun Oil And Gas
Africa’s largest oil producers do not plan to abandon oil and gas exploration and production and could consider creating a continent-wide bank to fund new projects when international banks refuse to finance new developments. Nigeria, an OPEC member and the largest oil producer in Africa, hosted this week a round table on local content in […]
G7 Nations Invest More In Fossil Fuels Than Clean Energy Despite Pledges
The G7 nations have been pumping more in fossil fuels than in clean energy since the start of the pandemic, despite headline-grabbing pledges for ‘building back greener’, a new report found on Wednesday. Since the pandemic started, major industrialized nations, including the U.S. earlier this year, have pledged to achieve net-zero emissions by 2050 and […]
Understanding the effects of incentives in the renewable fuels market
The fuel refining business is in a state of flux, aligning with the broader energy transition to more renewable and decarbonized sources. As renewable fuels produced from vegetable oils and other agricultural feedstocks become a bigger part of the conversation, refiners are asking how a carbon tax in the United States might affect the market. […]
Stolthaven sues ITC over 2019 Deer Park fire
US terminal Stolthaven Houston is suing Intercontinental Terminals Company (ITC) for US$264,561.10 (€218,350) in damages following the large fire at ITC’s 13.1 million bbl Deer Park terminal in March 2019. The Deer Park fire began on 17 March 2019 in chemical storage tanks containing naphtha following a naphtha leak and spread to others. ITC had […]
Oiltanking announces sale of its terminal in Mozambique
Oiltanking GmbH announces today that it has completed the sale of its investment in Matola Terminal de Armazenamento de Petróleos S.A. (formerly known as Oiltanking Matola S.A.) to a consortium of Energi Asia DMCC and Al Braik Investments LLC, both based in the United Arab Emirates.Oiltanking GmbH announces today that it has completed the sale […]
Gpi Tanks opens new office in Germany
Gpi, the Dutch manufacturer of tanks and process equipment, has recently established a German subsidiary, Gpi Tanks GmbH, in Kassel. The move is intended to consolidate the company’s presence on the German market. A team of three experts will operate out of Kassel providing consultancy services to a wide range of industries. The stainless steel […]
Oil Prices Hit 2-Year High
Oil prices hit their highest level in more than two years as OPEC+ agreed to maintain its production cut plans while demand projections continue to improve. – The average retail price for gasoline in the U.S. jumped above $3 per gallon last week, the highest price since 2014. – Memorial Day travel is expected to […]
Odfjell awarded for trainee program in Norway
The Norwegian Prime Minister Erna Solberg has announced Odfjell as recipient of the Foundation for Norwegian Maritime Competence’s annual award. In her speech, the Prime Minister highlighted Odfjell’s long-term efforts to recruit and train young maritime talents. The award is established to inspire recruitment and recognizes shipowners who offer training programs to young maritime talents. […]
Total is Transforming and Becoming TotalEnergies
At the Ordinary and Extraordinary Shareholders’ Meeting, shareholders approved today, almost unanimously, the resolution to change the company’s name from Total to TotalEnergies, thereby anchoring its strategic transformation into a broad energy company in its identity. In tandem with this name change, TotalEnergies is adopting a new visual identity. “Energy is life. We all need […]
All eyes on US gasoline today; will demand exceed 9.2m bpd?
Fill her up son, unleaded; I need a full tank of gas where I’m headed,” former Police-front man, Sting, sang back in 1999 on his solo album: “Brand New Day”. This country-inspired song could be the anthem for what is coming around next week, as Monday 31 May is Memorial Day in the US; the […]
KF builds 2 million-gallon ATS terminal
US firm Koch Fertilizer (KF) is building a 2 million gallon (9.1 million L) terminal to store ammonium thiosulphate (ATS) at its Fort Dodge facility in Iowa, US. The ATS tank will be insulated and will have an internal coating, for winter storage and tank reliability. It will be connected to the existing automated urea […]
UK offshore oil and gas sector: “Queen’s Speech must spark UK-led clean energy revolution”
OGUK, the leading body of the UK offshore oil and gas industry, has said that today’s Queen’s Speech could support a UK-led clean energy revolution, with the recently agreed North Sea Transition Deal being central to this. OGUK CEO Deirdre Michie said: “In this important COP26 year, today’s Queen’s Speech reinforces the need for industry […]
Elmac Technologies’ FAB Valve™ Series – One year on!
In March 2020, Elmac Technologies Ltd, the global leader of explosion protection and pressure protection equipment, launched a new Flame Arrester/Breather Valve combination product, known as the FAB Valve™ Series. This innovative product has since become one of the most successful products in Elmac’s expanding portfolio. A Unique Solution for Tank Storage Applications Our customers […]
Neste is testing renewable gasoline in Sweden for possible commercialization internationally
Until now, there have been no commercial drop-in solutions for replacing fossil gasoline to reduce high amounts of greenhouse gas emissions from conventional petrol cars, without investing into new vehicles or modifying the old ones. Neste, the world’s leading producer of renewable diesel and sustainable aviation fuel (SAF) may be the first to have developed […]
Acquisition of energy plant powered by EQTEC technology
EQTEC plc, a gasification technology solutions company for sustainable waste-to-energy projects, has announced the acquisition and planned recommissioning of a 1MWe waste-to-energy plant in Italy.Originally commissioned in 2015, the plant is built around EQTEC’s proprietary and patented Advanced Gasification Technology.The company has acquired, and will lead a consortium to repower, own and operate, the biomass-to-energy […]
Invenergy and BW LNG secure $128.3m financial package for FRSU
Invenergy and BW LNG have completed the financing of a specially built floating storage and regasification unit (FSRU) for an LNG-to-power project in El Salvador. The companies have recently closed a $128.3 million financial package with IDB Invest to finance the FSRU component of the Energía del Pacífico (EDP) LNG-to-power project in El Salvador. The […]
Operations at Colonial Pipeline back to ‘normal’
The US’ largest fuel pipeline, which was shut down by a cyber-attack, has returned to “normal operations”. Colonial Pipeline announced on Twitter that it was once again “delivering millions of gallons per hour to the markets we serve”. The temporary shutdown of the pipeline in the aftermath of the attack led to panic buying, with […]
Mitsubishi, Texas Brine to explore salt cavern hydrogen storage
Mitsubishi Power Americas and Texas Brine Company have signed an agreement to evaluate the potential of using new and existing salt caverns for hydrogen storage. The two companies will look at both existing and new salt caverns, and will carry out detailed engineering and design studies for hydrogen storage. They will look at greenfield applications […]
Venezuela’s Crumbling Oil Industry Is An Environmental Nightmare
The near failure of the Venezuelan state, caused by the breakdown of the country’s oil industry, has triggered the second worst humanitarian crisis of the 21st century. While the collapse of Venezuela’s oil industry and what was once the richest economy in South America are well documented, there is little coverage of the immense environmental […]
Koole starts work on Botlek upgrade
Koole Terminals has started jetty replacement work at its Botlek terminal in Rotterdam. The project includes the replacement of 600 metres of quay wall and installation of a concrete foundation for pipe racks. This will house new loading/unloading facilities and hose towers to tranship products such as biodiesel, methanol and FAME. The design of the […]
Opportunity and variety
Jen Penner tells Tank Storage Magazine about her love of a challenge and finding her feet as an engineer Jen Penner is a project manager at Canadian Tank & Vessel, a Saskatoon, Canada-headquartered company which builds, repairs, and maintains storage tanks and spheres. Like so many of us, her career path was not exactly planned. […]
One year on
Tank Storage Magazine review Alex Booth from Kpler looks at how global crude storage levels are adjusting to a post COVID-19 environment the rapid build-up of crude oil-on-water and the subsequent transition to onshore inventories through the second quarter of 2020 has been well covered, including in a previous article for this publication (see p42 […]