News
Peter Savage, HSEC manager at Aquarius Energy, won gold in the ‘Outstanding Achievement Award’ category, recognised as someone who has ‘gone above and beyond to ensure the success of a company and the industry as a whole’. He speaks to Tank Storage Magazine about his role in Aquarius Energy and the importance of health, safety, environment and community
Well done on the win! How does it…
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Bulk liquid handling and storage company Liquin has successfully refinanced its existing debt facilities through a combination of US Private Placement notes and bank financing.
This move establishes a more diversified financing structure with an extended maturity profile for Liquin, strengthening its long-term foundation through increased capital and operational stability. Liquin was supported…
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Glencore has taken over the processing contract for Wilhelmshaven oil refinery from Hartree as it enters into an agreement with the refinery’s owner, HES International. According to Reuters’ report, Glencore will supply feedstocks to the refinery, as well as sell its refined fuels.
The Wilhelmshaven refinery is situated at HES International’s tank terminal site. The refinery has been…
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Taifa Gas has entered the final stage of construction on its LPG import terminal at the Dongo Kundu Special Economic Zone, Mombasa, Kenya. Hydrostatic testing is being carried out before the facility moves to the commissioning stage in the coming months.
Once completed, the KSh16 billion (€107.5 million) terminal project will be East Africa’s largest LPG storage terminal with a capacity of…
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India’s Oil and Natural Gas Corporation (ONGC) will reserve half of its planned oil storage facility to meet the country’s strategic oil reserve needs.
ONGC announced in July 2026 that it would build a strategic petroleum reserve (SPR) with a capacity of 1.75 million tonnes in Mangaluru, Karnataka state, India. Mangalore Refinery and Petrochemicals (MRPL) already operates a 300,000 barrels…
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Exolum has finished the purchase of a minority stake in SeaSeaS Amsterdam, a multimodal CO2 export terminal that will be situated at the Port of Amsterdam, the Netherlands and operational from 2030.
SeaSeaS Amsterdam will be able to handle up to 3.5 million tonnes of biogenic and non-biogenic-sourced CO2 annually, receiving the CO2 by vessel, rail, road and pipeline. The CO2 will then be…
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Vopak has reported a revenue of €677 million for the first half of 2026, stating in its press release that this was ‘supported by healthy demand for storage infrastructure services across geographies and markets, underpinned by a continued strong occupancy rate of 91%.’
The company claims that its oil and chemical terminals saw strong activity due to high infrastructure demand across the…
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The Oman Tank Terminal Company (OTTCO) has invited engineering, procurement and construction (EPC) contractors to apply for pre-qualification for its new tank storage project.
Plans include the construction of eight crude oil storage tanks at the Raz Markaz Oil Storage Terminal, Duqm, Oman. Each tank will have a capacity of 650,000 barrels (bbl), bringing the terminal's storage capacity to a…
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The Scottish government has pledged £755,720 (€882,012) to support phase 3 of Veri Energy’s e-fuels hub at Sullom Voe Terminal (SVT), the Shetland Islands. Establishing the site will allow the area to retain and retrain oil and gas workers, support local businesses and contribute to clean fuel manufacturing expertise. When operational in 2030, the site will produce hydrogen and e-methanol,…
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GTT’s partner China Chengda Engineering has placed an order for the design of an ethane full-containment membrane tank that will be situated in Ningbo, Zhejiang Province, China. The tank will be owned by Ningbo Union King New Material, a subsidiary of Union King Holding, who signed a strategic cooperation agreement in December 2025 with GTT.
GTT’s GST technology will be used in the…
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MT Group has been awarded a major construction contract by Cobra IS/Sener consortium, focusing on implementing Balance of Plant infrastructure at German LNG Terminal. The aim of the project is to enable the reliable import of LNG to Germany and surrounding European markets, with a future aim of supplying green LNG and hydrogen derivatives.
The terminal, developed by German LNG Terminal GmbH…
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Abbas Assadrouz, head of the Iranian Oil Terminals Co, has confirmed that Iran is accelerating the completion of important safety upgrade projects at its Kharg Island oil terminal in direct response to the US’ attacks on the facilities. Notably, one project is a fire detection and firefighting system for crude oil storage tanks.
Kharg Island is about 25km from Iran’s coast, and has a close…
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Baniyas maritime terminal, situated on the west coast of Syria, has announced the arrival of two fuel shipments in an effort to maintain petroleum product supplies in the domestic market.
The Syrian Petroleum Company connected the two vessels – one carrying 64,324 tonnes and the other 5,620 tonnes of liquified gas – to terminal facilities, including storage tanks onsite.
According to…
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Rene Buwalda, CEO at Perpetual Next, looks at the company’s recent biomethanol developments in the USA
Perpetual Next is rethinking how the world’s resources are used, uncovering new value in materials that might otherwise be discarded.
Headquartered in Amsterdam, the company develops, builds, and operates advanced production facilities designed to transform low-grade waste streams and…
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The US Department of Energy (DOE) has allocated up to $65.5 million (€57.5 million) in federal funding to support the cost-shared research, development and deployment of domestic oil and natural gas projects.
The funding will be used to produce domestic oil and gas, improve the efficiency and reliability of critical energy infrastructure and convert underutilised resources, supporting…
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Aurex Constructors have successfully completed the demolition and replacement of two carbon steel storage tanks at an oil storage facility in Durban, KwaZulu-Natal, South Africa.
The project included building two new API 650-compliant base oil storage tanks, Tank 5 (2,331m3) and Tank 7 (1,479m3), in a live environment. Detailed pre-commissioning and handover meant the move from construction…
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Australian government officials have confirmed plans to fund a AU$4 million (€2.5 million) early-stage feasibility study into the construction of the country’s first oil refinery in 60 years.
Past refinery closures mean that around 90% of Australia’s liquid fuels are imported, with the recent international oil crisis highlighting Australia’s fuel insecurity. There are currently two…
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Hiap Seng Engineering Limited FZC has begun works on the Mount Row Terminal Expansion Project after securing the $192 million (€168.6 million) engineering, procurement, construction and commissioning (EPCC) contract from Mount Row Terminals FZE in March 2026.
The Mount Row Terminal Expansion Project, located in the Fujairah Oil Industry Zone, Fujairah, United Arab Emirates, has an overall…
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French company HOSE-PULL have developed an all-terrain, omni-directional rolling device that allows hoses freedom of movement, reducing friction, heavy manual pulling and potential repetitive strain injuries for operators.
The system uses Mecanum-style omni-directional wheels, usually associated with industrial robotics, which allow it to move freely across almost all terrains. Originally…
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The Eastern Mediterranean Petrochemical Cluster (DAPEK) has exceeded $3 billion (€2.6 billion) in investment, with the majority coming from the $2 billion (€1.7 billion) polypropylene production facility and liquid bulk terminal. DAPEK is developed by Rönesans Holding in Ceyhan, Adana, Türkiye.
DAPEK offers development plots and a multimodal logistics infrastructure that connects road,…
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A new HCSS report finds that in a large-scale conflict, the Netherlands and the wider EU would struggle to meet surging military fuel demand while keeping the civilian economy running.
_via @TankStorageInfo
https://tankstorage.com/all-news/partner-news/europe-risks-fuel-shortages-in-wartime-new-hcss-report-warns/