Latest News (Do NOT Use)
The Tank Storage Association has launched its 2024 industry manifesto. The document sets out six steps that the UK government in the next parliament could take to help secure a responsive, flexible, robust, and resilient bulk storage and energy infrastructure sector today and in the journey towards carbon neutrality.
The key manifesto priorities are:
Close collaboration and partnership with…
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Energy technology company Baker Hughes has been awarded a major contract from Sonatrach for a gas-boosting project for the Hassi R’Mel gas field in Algeria. The contract is part of a broader order awarded to a consortium between Baker Hughes and Tecnimont, part of technology and engineering group MAIRE. The signing ceremony took place in Algiers in the presence of the three company CEOs: Rachid…
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According to the company's LinkedIn, Advario has supported the delivery of the first batch of blended Neste MY Sustainable Aviation Fuel (SAF) into Singapore Changi Airport, one of Asia Pacific’s largest aviation hubs. This achievement highlights the dedication of both Advario Singapore and Neste to support the aviation industry's journey to a more sustainable future.
The SAF was produced at…
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ConocoPhillips and Marathon Oil Corporation have announced that they have entered into a definitive agreement for ConocoPhillips to acquire Marathon Oil in an all-stock transaction with an enterprise value of $22.5 billion (€20.8 billion), inclusive of $5.4 billion of net debt.
Under the terms of the agreement, Marathon Oil shareholders will receive 0.2550 shares of ConocoPhillips common stock…
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Rubis Terminal's 2023 sustainability report has been published, in a display of the company's commitment to ESG (Environmental, Social and Governance) and Corporate Social Responsibility (CSR). 'In 2023, Rubis Terminal continued its journey for ambitious CSR targets, while showing ongoing progress on our results. In a world navigating through evolving landscapes, our team has demonstrated…
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Exolum is to build a new storage terminal for biofuels and other bulk liquid products in the Port of Bilbao, Spain, on a plot adjacent to its facility in Zierbena. The first phase of the project, with a planned investment of €20 million, will start in 2025 and is expected to be operational in 2027. It will also expand the company’s service portfolio and its capacity for product storage and…
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EU lawmakers have adopted the Net-Zero Industry Act (NZIA), a regulation aimed at strengthening the resilience and competitiveness of net-zero technologies manufacturing in the EU, and make the Union’s energy system more secure and sustainable.
The Act sets an overall benchmark for the manufacturing capacity of strategic net-zero technologies to meet at least 40% of the EU’s annual…
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Neste has further expanded its capability to supply sustainable aviation fuel to customers in Europe in cooperation with VTTI, a global leader in energy storage and developer of energy infrastructure. Neste commissioned terminal capacity at VTTI’s ETT terminal in Rotterdam, the Netherlands, for the storage and blending of Neste MY Sustainable Aviation Fuel. The terminal is located in one of the…
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Korea Middle Power Co (KOMIPO) and Vitol have agreed to extend an existing long-term LNG Supply and Purchase Agreement (LNG SPA), originally signed in 2011. Deliveries commenced in 2015, with Vitol supplying KOMIPO with over 4 million tonnes of LNG over 10 years. Under this extension agreement, Vitol will continue to supply KOMIPO with LNG. From 2025 to 2028 Vitol will supply three cargoes per…
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Technip Energies' floating production storage and offloading unit (FPSO) has safely arrived at the Greater Tortue Ahmeyim (GTA) field off Africa’s west coast, operated by bp.
The FPSO measures 270 meters long, 54 meters wide, and 31.5 meters high. It is as large as two football fields and as high as a 10-storey building. The FPSO includes eight processing and production modules and can…
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Leading energy companies Equinor, Centrica and SSE Thermal have launched plans for a collaboration of multiple low carbon hydrogen projects on the north bank of the Humber which also link to wider plans within the region.
The plans, which include the transformation of the Easington gas terminal, were launched yesterday in the Houses of Parliament to an audience of MPs, civil servants, industry…
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OMV Petrom has commissioned a new crude oil tank on the Petrobrazi refinery platform. The tank has been designed and built according to the latest standards in the field for increased safety. It features double walls and a double base, an aluminium dome cover, and an inner floating lid to retain vapour emissions. The construction of the project took approximately two years, with investments…
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The European Council has announced a new regulation establishing rules for renewable and natural gases, and reforming the existing EU gas legislation.
The new rules will help in making the shift to renewable and low-carbon gases, in particular hydrogen, with a view to achieving the EU’s decarbonisation targets.
The gas package outlines rules for the natural gas market and establishes a…
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The Trans Mountain pipeline expansion project has been completed in Canada and commenced commercial operations. The expansion project cost $30.9 billion (€28 billion) and involved laying 980 km of pipe alongside the existing 1,150 km route.
First commencing operations in 1953, the new expansion was completed in the third quarter of 2023, and commercial operations began in May 2024 with the…
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Dover Fueling Solutions (DFS) has launched its latest automatic tank gauge (ATG) console, the ProGauge MagLink LX Ultimate.
Established in 1993, ProGauge (formerly Start Italiana) has evolved into a leading brand for ATG solutions, globally. As part of the long-standing ProGauge Maglink LX console family, the MagLink LX Ultimate is DFS’ most advanced ATG console yet. Available globally, this…
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His Excellency Saad Sherida Al-Kaabi, the Qatari Minister of State for Energy Affairs, chaired the Energy Sector’s 24th Annual Qatarization Review meeting in the presence of senior executives and representatives from the companies participating in the Energy Sector Strategic Qatarization Plan.
In remarks opening the meeting, Al-Kaabi presented an overview of the Qatarization plan and its…
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The American Petroleum Institute (API) has released its annual 2023 Performance Report in coordination with the Liquid Energy Pipeline Association (LEPA), outlining the pipeline industry’s continuing record of safety performance and commitment to tackling evolving challenges – including improving pipeline community engagement, promoting workforce excellence and advancing a sustainable energy…
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While speaking on a panel sessions at OTC in Houtson, Texas, Petrobras' president Jean Paul Prates, declared that the oil and gas sector is a key piece in structuring the energy transition and boosting it on a large scale. For him, international cooperation between companies and governments and financial arrangements are essential to leverage decarbonisation and ensure greater energy efficiency,…
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Leading environmental risk reduction and advisory services organisation Adler & Allan has announced that the private equity business at Goldman Sachs Alternatives will acquire a majority stake. The transaction is a key milestone in Adler & Allan’s mission to solve industries’ biggest environmental challenges from reducing pollution and preventing harm to the environment, to mitigating…
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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/