Features

Features
Apr 24, 2020
COVID-19 pandemic: cyber security lessons learned
The COVID-19 pandemic has shown us that we need to be prepared to handle extraordinary situations that impact our business when measures to combat the spread of the COVID-19 were put in place by governments worldwide. These measures have had, and continue to have, a major impact in the way that we conduct business and operate our facilities. Organizations often had to fall back on business…
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Features
Apr 24, 2020
External hazard effects on steel and concrete refrigerated liquefied gas tanks
The selection of a refrigerated liquefied gas (RLG) storage system concept is often based on the ability of the tank system to contain leaks from the primary containment and to limit potential effects on the environment and surrounding properties. The storage tank system and tank material selection are based on both safety and economics considerations to provide a safe storage solution for both…
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Features
Apr 14, 2020
Towards tank tops
The one thing storage operators needn’t worry about for the rest of the year,  is whether or not their tanks will be filled THE OIL market is currently deep in uncharted territory having to deal simultaneously with a supply shock from the abrupt termination of the OPEC+ production cut agreement and a demand shock from the coronavirus (COVID-19) pandemic. The market has demonstrated before,…
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Features
Apr 14, 2020
Storage market shocked into new fundamentals
Cyril Widdershoven, Middle East & geopolitical expert & global head strategy & risk at Berry Commodities Fund, shares his thoughts on some of the biggest market disruptions and uncertainties to happen in a generation and why future opportunities for the industry still exist   After years of being a statistical factor in oil market developments, looking at the OPEC+ and US shale oil…
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Features
Apr 14, 2020
Serving Pakistan’s energy needs
With more than half of Pakistan’s total oil product demand being met through imports, fuel marketer and retailer Gas & Oil Pakistan sees tremendous opportunity in serving the markets supply chain GAS & Oil Pakistan (GO) is positioning itself to capitalise on the country’s flourishing market dynamics with plans to substantially increase its storage terminal network to meet the growing…
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Features
Apr 1, 2020
Unlocking market potential with storage assets
With predictions that a more varied mix of energy will be needed in the near future, GP Global is unlocking new market potential by developing storage infrastructure for a diverse portfolio of product lines The energy conglomerate, which operates in oil and gas trading, bunkering, lubricants, bitumen, aviation fueling and shipping & logistics, currently has three storage terminals…
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Features
Apr 1, 2020
Indonesia back in the oil & gas race
LIKE the kid who does not how to give up after losing a race, Indonesia is back at the oil and gas production race. In a recently published news report on March 4, the government’s Upstream Oil and Gas Regulatory Special Task Force (SKK Migas) said that two developments last year ‘added optimism’ to Indonesia’s goal of becoming a leading gas producer. He was referring to the resumption of…
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Features
Apr 1, 2020
A time for change
There is no denying that the world is changing and continues to change at a staggering pace. If it wasn’t clear enough at the beginning of the year, then it has been brought even more sharply into focus in recent weeks with the global political, social and economic response to the COVID-19 pandemic IN THESE turbulent and uncertain times storage terminals stand tall and strong, acting as a…
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Features
Mar 3, 2020
Preparing for a decade of change
AS the sector enters a new decade, Channoil Consulting’s Chris Reveliotis, examines some of the key challenges facing the storage sector including shifting global trade patterns  and the electrification of transport STORAGE in the oil business is about more than just warehousing and logistics. The oil storage industry, and in particular the European one, is more dynamic and different because…
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Features
Mar 3, 2020
A new energies era
As new forms of energy continue to thrive and grow on the back of the global energy transition, storage giant Vopak explains how its adaptive and flexible approach ensures it remains relevant in this new energy era THE EMERGENCE of new energies on the back of the growing momentum behind the energy transition is creating opportunities for storage operators to play a key role in carving out new…
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Features
Mar 3, 2020
Balancing the oil market between traditional and new regulatory political risk
ANALYSIS of markets, energy markets no less than others, often begins with a look at the fundamentals. In energy markets these analyses tend to change, move and require constant updating. International politics, on the other hand, while widely regarded as chronically fickle, have rarely required a deeper analysis of its fundamentals. The fundamentals of the global economy and politics have, for…
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Features
Mar 3, 2020
US energy production transforms global trade
Before January ended, two major events struck the oil market that speak volumes in how global trade has been transformed by US energy production PRICE risk in 2020 is now skewed to the downside as global economic growth and oil demand are under pressure from an outbreak of coronavirus. Oil futures surged in reaction to the US targeted killing of Iranian General Qasem Soleimani on January 2 but…
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Features
Mar 3, 2020
The death and transformation of fuel oil
The global fuel oil market is still adapting to the momentous  changes forced upon it by the IMO 2020 spec change. JBC ENERGY expects1, as it did in 2017, that fuel oil will remain the primary bunker fuel at least throughout the new decade. That said, the two million b/d shift from high sulphur fuel oil (HSFO) to 0.5% very low sulphur fuel oil (VLSFO) completed in recent weeks has irreversibly…
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Features
Jan 16, 2020
An energy storage frontrunner
Following First State Investment’s acquisition of Vopak’s former Amsterdam terminal, Evos Amsterdam is well-positioned to become a frontrunner in current and new forms of energy storage & distribution The Evos Amsterdam terminal has significant potential to be one of the storage leaders in the global energy transition as well as cementing its position in the clean petroleum products…
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Features
Jan 16, 2020
Fuelling the future
An innovative new carrier technology that makes hydrogen easier and safer to store, transport & distribute is the first step in facilitating global hydrogen supply to industrial energy sectors The role of renewable energies in reducing the environmental burden of global energy emissions has resulted in an increase in innovative technologies to unlock their full potential. The growth of…
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