Features
Paul Wiseman looks at what’s driving the latest trends
As with any commodity, oil prices are ruled by two sides of the coin – supply and demand. Energy experts agree that production decisions by OPEC+ are the most important supply side influences, while COVID-19 and concerns about possible variant-induced shutdowns heavily influence demand.
In its August Short Term Energy Outlook, the US…
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Eduardo Lopez looks at the implications for importers
Upon gaining power in 2018, the administration of Mexican president López Obrador launched a vociferous and strident rhetorical war against the private sector, most notably in the energy industry. The president’s ire has been directed mainly at Mexico’s energy opening, made possible in December 2013 by a long-awaited yet long-delayed…
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Philip Myers and Earl Crochet run through the latest updates coming to API 656 – Aboveground storage tank operations during uncontrollable natural disasters during the first six months of 2021, there have been eight separate billion-dollar weather and climate disaster events across the US.
The eye-opening plot in Figure 1 shows the magnitude of problems associated with natural disaster events,…
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Security professional Duane Jones on the importance of ensuring that physical and cyber security complement each other.
The proliferation of cyber threats against critical infrastructure, such as the ransomware attack against Colonial Pipeline in May 2021, will continue to require added attention, resources, and proactive strategies in lieu of reactive ones. While the cyber threats are quite…
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Ian Loudon from tank monitoring alarm specialist Omniflex looks at how alarm systems are used for managing tank overfill conditions.
If not monitored correctly, loss of containment from a tank or storage vessel could pose a serious safety risk to people or the environment. This is why Burhani Engineers, the company installing overfill protection systems in the largest tank storage facility in…
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Vopak India managing director Deepak Dalvi discusses the company’s partnership with Aegis Logistics for LPG in India
Vopak has been active in India since 2011, when it bought CRL Terminals at Kandla Port in Gujarat from a local operator, seeing the potential of the growing Indian market. The company owns two terminal sites in the country, a chemical terminal and a vegetable oils terminal, with…
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Stolthaven Terminals president Guy Bessant tells Tank Storage Magazine about the company’s planned new terminal with Revivegen in Taiwan
Stolthaven Terminals recently announced that it has signed a letter of intent with Taiwanese company Revivegen Environmental Technology to build a greenfield terminal in Kaohsiung Port, Taiwan. The terminal will mostly handle and store petrochemicals and…
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China’s economy weathered the COVID-19 storm but there are still pressures to face
China’s bounceback from the pandemic shocks of early 2020 was one of the few economic success stories of last year. This year, however, the world’s second largest economy has rattled global financial markets as long-running worries about the huge debts amassed by its commercial sector crystallised around the…
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FGE’s Grayson Lim reports on the trends in Asia’s crude markets
The rapid economic development in Asia has resulted in strong oil demand growth in recent decades. In tandem with this, close to 13.3 million bpd of refining capacity was added during 2010-2020. Despite the current subdued state of refining business largely due to the COVID-19 crisis, around 3.1 million bpd of refining capacity…
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Allison Newell explains the importance of corporate social responsibility (CSR) and the tools and approaches needed for a truly diverse workplace
DR Allison Newell is an environmental, social and corporate governance (ESG) consultant with her own consultancy ESGenuine. She works with a number of tank terminal companies, and others, helping them to improve their corporate social responsibility…
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CEA software can track, manage and visualise all integrated data sources
The process industry is waking up to the heightened importance data plays in reducing costs, maximising the value of assets, and increasing the competitive advantage in the market. As the industry continues to grow, so do the number of assets and the data associated with them. Managing asset data improves the possibility to…
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Adler and Allan’s Mike Prendergast and Burges Salmon’s Simon Tilling outline the legal and other implications of a spill and the importance of having an adequate emergency response plan in place
Site operators should be aware of the legal, as well as practical implications of a spill. Environmental and health and safety law imposes certain duties on site operators which, if not complied…
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Tank Storage Award winner Toptech Systems explains what it can offer to the whole petroleum supply chain
In recent years, Toptech Systems has grown from being a solutions provider for terminal owners, to being a solutions provider for the entire supply chain (terminal owner, supplier, customer, carrier, and driver). Toptech has done this by expanding and improving its suite of products to…
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Chris van den Hooven from Hudson Cybertec explains how organisations can protect themselves against ransomware attacks
On 7 May 2021 a ransomware attack took down the Colonial Pipeline infrastructure. Ransomware is a form of malicious software designed to encrypt files on a device, rendering any files and the computer systems that rely on them unusable. Attackers then demand ransom in exchange…
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Dr Akihiro Wakabayashi, CTO of Critical Facility Group, looks at why tank fires and explosions are still happening and what can be done to reduce the risk
one of the biggest risks to external floating roof tanks (EFRT) is the exposure to potential tank rim fires and explosions. The occurrence of such incidents happens on a yearly basis in facilities around the world and causes significant impact…
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Optically activated pigments highlight areas in need of repair, explain Justin Hair and Michael Harrison from Sherwin-Williams Protective & Marine.
For aboveground petroleum storage tank owners, 10-year inspection intervals often present some challenges. Inspections are necessary to ensure owner compliance, tank integrity and safety, but they also carry a high cost – sometimes upwards of…
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Michael Ferrante from W Energy Software discusses digital oilfield advancements in tank storage accounting and measurement
Amidst the digital oilfield, paper tickets, paper invoices, even faxes continue to be part and parcel of many terminal operations. Digital systems tend to be built with older, legacy technology, create data silos, and are inflexible and difficult to use. The result is a…
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Nick Hawkins from Kingspan on why companies shouldn’t miss out on new tank telemetry technology.
Tank telemetry has undoubtedly been one of the great advances for the fuel and oil storage sector in the last 10 years.
Many millions of the basic, first-generation, devices have so far been installed across the globe as customers take advantage of a gauge that allows them to check their supplies…
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Mark Busch at Conidia Bioscience looks at how single use immunoassay fuel test kits can help.
Microbiological contamination (fungi and bacteria in fuel) is a serious risk to tank storage operations, especially if fuel turnover is lower. However, there are some fast, economical steps that can be taken to prevent unnecessary costs and risks
to business.
ORGANIC MATERIALS
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Jess Twemlow from Ricardo looks at the six benefits for a business
A life cycle assessment (LCA) determines the environmental impact of a product at each stage of its life cycle. It looks at the impact of extracting raw materials for the product, the resources used during manufacturing, how it is distributed to the end-user, its impact when people are using it, and what happens after it has…
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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/