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Updated daily, the Tank Storage team brings you the latest in storage terminal and technical news, as well as digitalisation strategies, news about the energy transition and incidents around the world

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ExxonMobil Announces Leadership Changes

ExxonMobil has announced some leadership changes. Effective February 1, 2025, Dan Ammann, will step into a new role as upstream president, while Barry Engle, currently senior executive advisor to ExxonMobil’s

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Kent Awarded 3-Year EPCm Framework with BP

Kent has been awarded a three-year global engineering, procurement, and construction management (EPCm) framework contract by BP. The framework covers the full scope of EPCm services, supporting BP’s asset lifecycle,

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Baumer Develops Immersion Flow Sensor

Baumer has developed a robust, cost-effective electromagnetic immersion flow sensor, specifically designed for water pressures up to 100 bar (1450 lbs per square inch), making it an ideal choice for

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New Edition of EEMUA 191 Released 

EEMUA has released Edition 4 of EEMUA 191, Alarm systems – A guide to design, management and procurement. Since it was first published in 1999, EEMUA 191 has become the

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Keeping Climate Promises

FETSA and UPEI share a joint statement on 2050 climate goals in the wake of COP29 During COP29, taking place in Azerbaijan, FETSA, the Federation of European Tank Storage Associations

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Buckeye Simulates Oil Spill

Fuel terminal operator Buckeye Partners recently held a large- scale safety exercise at Port Tampa Bay, Florida, USA, to test its action plan. The drill simulated a large oil and

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TGE Raises INEOS Project One Tank Roof

TGE Gas Engineering has successfully air raised the roof of the 197,000 m³ ethane tank for INEOS Project ONE in Antwerp, Belgium, the company announced on LinkedIn. The roof, fabricated

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Exolum Launches H2ROAD

Exolum has launched a line of business called H2ROAD with the aim of leading the energy transition by providing efficient, optimised integrated logistics solutions across the entire hydrogen value chain,

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Eni Launches Nguya FLNG in China

Eni has launched of the hull of the Nguya floating liquefied natural gas (FLNG) facility in Wison shipyard in Nantong, China. The state-of-the-art FLNG will have a liquefaction capacity of

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ConocoPhillips Acquires Marathon Oil

ConocoPhillips has completed its acquisition of Marathon Oil. In accordance with the terms of the merger agreement, each share of Marathon Oil common stock was converted into the right to

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BP Reaches FID on Indonesia CCUS Project

BP, on behalf of the Tangguh production sharing contract partners, today announced a final investment decision on the $7 billion Tangguh Ubadari, CCUS, Compression project (UCC), which has the potential

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BBGI, Keppel, & CleanEdge Partner For Bio-LNG

BBGI Public Company (BBGI) has partnered with Keppel, through its infrastructure division, and CleanEdge, by signing a memorandum of understanding (MOU) to jointly research and develop a bio-LNG (liquefied biomethane)

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May River Capital Acquires Cashco

Cashco has been acquired by May River Capital, a Midwest-based private equity firm. Under the leadership of president Clint Rogers, Cashco has achieved impressive growth over the past several years.

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LR & SHI Partner For Green Ammonia FPSO

Lloyd’s Register (LR) has signed a memorandum of understanding with Samsung Heavy Industries (SHI) for the joint development of a floating production, storage, and offloading (FPSO) system for green ammonia.

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