News
Ksi Lisims LNG, a Canadian LNG supplier, and Germany’s Securing Energy for Europe (SEFE), have entered into a 20-year binding sale and purchase agreement.
Under the agreement, SEFE will buy 1 million tonnes per annum (mtpa) of LNG from Ksi Lisims LNG on a free-on-board basis for 20 years, beginning in the early 2030s. With the signing of this agreement, Ksi Lisims LNG now has binding…
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The Dutch Safety Board, Onderzoeksraad voor Veiligheid, has opened an investigation into the explosion at Rotterdam Europoort that killed one person and injured five others on 13 August 2026. The accident occurred during pipeline dismantling at Gunvor Energy’s tank storage facility while workers were disconnecting pipelines as part of installation decommissioning.
Two Dutch Safety Board…
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Malaysia has reported ‘swelling palm oil inventories’ that are straining the country’s storage capacity in Sarawak, Borneo, due to a larger-than-normal harvest season and growing freight costs.
Reports show that, across Malaysia, inventories of palm oil hit a record 3.51 million tonnes in September 2026, despite October being peak harvesting season. Borneo accounts for more than a fifth…
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In a speech at the 44th ASEAN Ministers on Energy Meeting (AMEM) in Pasay City, Metro Manila, the Philippines, energy secretary Sharon Garin revealed that the country is in talks with the United Arab Emirates, Russia, Japan, Kuwait, Australia and the US to store oil in an effort to avoid fuel price strikes as a result of the Iran war.
Speaking to Reuters, Garin states that the Philippines…
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Oryx Energies has agreed to sell its downstream businesses in Mali, Côte d’Ivoire and Togo to Niangadou Distribution Compagnie SAU (NDC). The move comes as Oryx reviews its African downstream portfolio and aligns its long-term priorities.
NDC has experience in the importation, distribution and logistics of petroleum products in West Africa, and will use this experience and regional presence…
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How can data sharing be utilised between terminals, agents and captains to improve port logistics?
Better data sharing starts with a practical question: does it make collaboration easier for the people managing the port call? When it reduces chasing, duplicate work and uncertainty, it gives terminals, agents and captains a reason to get on board. They work towards the same vessel arrival, but…
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The Liberia Petroleum Refining Company (LPRC) launched the expansion and modernisation of its Product Storage Terminal on Monday 26 October in a ground-breaking ceremony attended by President of Liberia Joseph Nyuma Boakai, LPRC managing director Amos Tweh and other officials and staff.
The project, costing $35 million (€31.4 million), will add 50,000 tonnes of petroleum storage capacity to…
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On Tuesday 20 October, emergency services were called to an active leak from a 5,500-gallon tank at MC Tank Terminal, Toledo, OH, US. This led to the evacuation of everyone in a one-mile radius, and a shelter in place for everyone within a three-mile radius. Officials decided to let the tank vent and monitor the air quality, rather than seal the leak.
The chemical released was glycidyl…
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Tank Storage Magazine was lucky to have been invited out to Portugal by
Square Robot for its seminar, The Future of Robotic Tank Inspections – here’s what happened
Industry experts descended on the sunny coastal town of Cascais, Portugal, for Square Robot’s The Future of Robotic Tank Inspections event, hosted at the Hotel Baía from 24-25 September 2026. As hard as it was to drag…
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Dwayne Lum at Carboline explores alternative storage tank coating maintenance methods that balance cost, service life and environmental responsibility
Corrosion is the intractable foe of carbon steel storage tanks. Experts rightly devote considerable attention to critical areas such as internal linings, cathodic protection for tank bottoms and external floating roofs as maintenance in these…
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Between 17-18 October, the Ukrainian Armed Forces launched over 1,000 drones at Russia’s St Petersburg oil terminal, Ruchyi Oil depot, the OZON logistics hub and two bridges.
Reports on 20 October have confirmed the resulting damage. At the St Petersburg site, three storage tanks caught fire, with two damaged and one completely destroyed. At Ruchyi oil depot, one vertical steel tank was…
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Iraq’s Ministry of Oil has met to discuss the development of 16 new LNG tanks, with the aim of increasing storage capacities and developing the gas sector in Iraq. The meeting was chaired by Dr Ezzat Saber Ismail, undersecretary of the Ministry of Oil for Gas Affairs, with the director general of the General Company for Gas Filling and Services, the assistant director general of the Studies…
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LNGPH is planning to build a third LNG storage tank at its Ilijan facility, situated in Batangas, the Philippines.
The company will invest ₱6 billion (€84.7 million) into a tank that will add between 100,000-180,000m3 of storage capacity to the site, supporting the company’s move to permanent, land-based storage, rather than relying on floating storage and regasification units (FSRUs).…
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Further to planned strike action earlier this month, Unite has confirmed that 160 Apache offshore workers will take part in a 24-hour strike to protest pay disputes, resulting in ‘severely disrupted’ UK fuel supplies.
Strike action will begin at 06:00 on Wednesday 21 October and finish at 05:59 on Thursday 22 October, and includes seven Apache assets associated with the Forties and Beryl…
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Stanlow Terminals, a subsidiary of Essar Energy Transition, has partnered with Verwater Tank & Industrial Services to support the long-term integrity, resilience and performance of the terminal’s tank infrastructure. The strategic partnership highlights the need for safe, responsible asset ownership, ensuring quality storage infrastructure for customers while supporting Stanlow’s next…
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Oman Tank Terminal Company (OTTCO) has entered into Phase 1.4 of the expansion of Ras Markaz oil storage terminal at the Special Economic Zone (Sezad), Duqm, Oman, with the Trade Bridge project. OTTCO signed a 40km2 land deal for Ras Markaz with Sezad in 2017; the terminal will hold 200 million barrels of crude oil a year and cost around $5.2 billion (€4.6 billion).
The first phase of the…
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Brega Oil Marketing Company held a groundbreaking ceremony on Wednesday 14 October for its Tajoura Oil Depot project, which is being developed in partnership with OLA Energy in Tajoura, Libya under a Build-Operate-Transfer model.
The project is being built as part of Brega’s 2025-2029 strategic plans to increase storage capacity, upgrade infrastructure, and improve the efficiency of the…
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Firefighters were called to a chemical manufacturing plant in Ulsan, South Korea, where a fire broke out on Wednesday 14 October.
Ulsan Fire Headquarters reported that the blaze was fully extinguished at 1:50pm, around four hours after it started at 9:41am. Around 7,000 workers at the nearby S-OIL Shaheen petrochemicals construction site were evacuated, as well as 12 company workers who were…
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JT Grup Oil, through its subsidiary JT Terminal Constanta, has commissioned its petroleum terminal at the Port of Constanta, Romania.
The terminal, which was completed in August 2026, has eight storage tanks totalling 31,500 tonnes; the capacity to handle barges from 3,000-9,000 tonnes; operate 16 rail tank cars simultaneously; and process up to 100 road tankers per day.
The company has…
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CIMIC Group’s company UGL has continued its long-term partnership with Australian Terminal Operations Management (ATOM), a joint venture between bp Australia and UGL, for the maintenance and management of bp’s 18 terminals across Australia.
UGL and ATOM have worked together since 2015 to support the operation of critical infrastructure, providing project, engineering and asset management…
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