Features
COVID-19 has seen a dramatic fall in fuel demand as fewer planes take to the skies and drivers keep their cars off the road.
This knock-on effect has meant fuel storage tanks around the world are rapidly reaching capacity and has led to producers scrambling for places to store their excess production.
Oil companies have been searching for alternative ways to store crude as traditional storage…
Read More »
Read More »
This year’s Global Tank Storage Awards was one of the last events before coronavirus restrictions came into force across the globe. Find out more about why this years winners deserved to be recognised for their achievements in safety, sustainability and innovation.
DESPITE the challenging circumstances nearly 200 attendees gathered at Rotterdam’s Floating Pavilion on the 10th of March for…
Read More »
Read More »
Oil analytics firm Vortexa shares its insights on the rapid expansion of global floating storage across the oil complex, and how oil flows are being reshaped in unexpected ways in the wake of the COVID-19 pandemic.
GLOBAL markets in the first half of 2020 are oversupplied with oil products at levels not previously experienced by the industry. Transportation restrictions have forced refiners to…
Read More »
Read More »
With dramatic demand drops amid worldwide COVID-19 quarantines, everyone’s talking about storage. Paul Wiseman takes a close look at the impact it’s having on the US market.
USUALLY the rest of the world, including the oil and gas upstream sector, takes tank storage for granted. It is just a stop for petroleum and refined products on the way to buses, cars or boats.
But with COVID-19…
Read More »
Read More »
With the pressure on for more storage capacity around the world, Moda Midstream has space to expand. However, as its CEO Bo McCall reveals, growth plans must be flexible as well as prudent.
LIQUID terminal provider Moda Midstream completed its 10 millionbarrel crude oil expansion in April, adding 495,000-barrels of tankage at its facility at Moda Ingleside Energy Center (MIEC) in Texas,…
Read More »
Read More »
As a result of heightened regulatory measures to decrease greenhouse gas emissions and reduce reliance on fossil fuels, the composition of the fuels used has changed dramatically in recent years. When these biofuels come into contact with water, microbial contamination can occur in the tank.
MICROBIAL CONTAMINATION
Traditionally when straight hydrocarbon fuels were used, you could have a tank…
Read More »
Read More »
COVID-19’s impact on the infrastructure market has been widely publicised. Some assets, formerly viewed as safe investments, have faced unexpected and unprecedented challenges. But amidst this challenging environment, one particular asset class has begun to thrive – liquid storage. Storage terminals worldwide have benefited from the supply/demand imbalance as a direct consequence of the…
Read More »
Read More »
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…
Read More »
Read More »
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…
Read More »
Read More »
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…
Read More »
Read More »
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…
Read More »
Read More »
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,…
Read More »
Read More »
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…
Read More »
Read More »
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…
Read More »
Read More »
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…
Read More »
Read More »
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…
Read More »
Read More »
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…
Read More »
Read More »
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…
Read More »
Read More »
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…
Read More »
Read More »
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…
Read More »
Read More »
CONNECT WITH US
Tank Storage Magazine’s North America 2026 edition is here! Featuring articles on US tank storage legislation, digital service models and more.
Get a taste of TSM North America 2026 here: https://www.calameo.com/read/0054848445782747101c8?page=1
#tankstorage #terminals #oilandgas #liquidbulk #infrastructure
The ADIPEC Technical Conference received an unprecedented 7,261 submissions from 1,342 companies across 92 countries, reflecting the global depth of technical expertise contributing to ADIPEC 2026.
The Technical Selection Meeting in Abu Dhabi brought together leading experts to