News

Colombian petroleum company, Ecopetrol and multinational energy company, Repsol report that the Tinamú-1 exploratory well, located in Meta, Colombia has confirmed the presence of heavy crude oil (16°API). This is a characteristic of this hydrocarbon-producing area of Colombia. The well through which the discovery was made reached a total depth of 7,832 feet (approximately 2.4 km) and tested…
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Leading bank in Asia, UOB and global asset manager, Keppel have announced the signing of memorandums of understanding (MOU) to jointly develop and provide businesses across the region with sustainability and digitalisation solutions that will support decarbonisation This collaboration brings together UOB’s sustainability and digital transformation financing solutions and tools and Keppel’s…
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Technology group, Wärtsilä has completed large-scale fire safety testing of its GridSolv Quantum energy storage system (ESS). This testing program have set a new standard for fire safety testing in the energy storage industry. The large-scale fire testing exceeds the mandatory testing requirements of existing testing standards (such as UL 9540A) and was designed to simulate a worst-case…
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Koch Engineered Solutions (KES) has signed a memorandum of understanding (MoU) with equipment manufacturer, Chart Industries to collaborate in the development and implementation of Chart’s cryogenic carbon capture technologies, identifying sites where the technology can be deployed and developed. Ben Gurtler, commercial director of carbon capture, KES, says: ‘With our advantaged capabilities…
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The International Liquid Terminal Association (ILTA) conference and trade show 2023 was held in Houston, Texas, on 22-24 May. As a key media partner, Tank Storage Magazine sent journalist, Cyann Fielding, and editor Anamika Talwaria, to report on the conference and connect with terminal operators, before heading down to the tradeshow. Houston is widely recognised as a global hub for the oil and…
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Mesa ETP have announced the development of  FlexCore liquid mounted seal for tanks with armor fabric offering a significant reduce in tank emissions while ensuring performance and reliability. Mesa ETP FlexCore liquid mounted seal is an engineered solution that uses tougher-than-steel armor fabric to provide industry-best emission control, durability, application flexibility and ease of…
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Advario Singapore has announced that the company has entered a long-term partnership with climate change solutions company, Neste. Under the agreement Advario will provide integrated storage and logistics services for Neste’s sustainable aviation fuel (SAF). The agreement between Advario and Neste will enable the storage of SAF and Jet A-1 (jet fuel), as well as the blending of SAF with Jet…
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Neom Green Hydrogen Company (NGHC) has announced it has now achieved financial close on the world’s largest green hydrogen production facility with the total investment value of $8.4 billion (€7.7 billion). The plant is currently being built at Oxagon, in Saudi Arabia’s region of Neom. NGHC has also concluded the engineering, procurement, and construction (EPC) agreement with Air Products…
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Energy, commodities and services company, World Fuel Services (World Fuel) and Neste have announced they have signed agreement for sustainable aviation fuel (SAF), further strengthening the relationship between these two global companies. The new supply agreement extends the already strong collaboration on SAF, which brings together Neste's well-established production capabilities with World…
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Hosted by the Port of Antwerp, the region’s leading breakbulk event AntwerpXL returns to Belgium on 28-30 November. This specialised event is dedicated to the logistics of Breakbulk, RoRo and Heavy Lift and brings the international industry together in a relaxed environment of networking and thought-provoking content. AntwerpXL provides the industry with a platform to forge lasting and…
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Transport, storage and infrastructure company, Northern Lights has entered into cross-border transport and storage agreement with offshore wind company, Ørsted. Northern Lights JV and Ørsted announce the signing of a CO2 transport and services agreement (TSA) to store 430,000 tonnes biogenic CO2 emissions per year from two power plants in Denmark, Europe. This agreement represents a major…
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Tank Storage Magazine has been reporting live from Houston USA as the ILTA conference and trade show gets underway for 2023. After a keynote luncheon by Dr David Mussington, CISA, the ILTA team announced the winners of this year's Safety Excellence Awards.   PLATINUM SAFETY: SMALLER COMPANY CATEGORY The Colonial Pipeline Company Zach Hauser, Senior Manager Terminal Operations, accepted…
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The Port of Neom in Saudi Arabia has announced it is now open for business. This is in line with Neom’s strategy and the Saudi Ports Authority’s efforts to transform local ports into globally competitive logistics hubs. Located in Oxagon, the port, which is the primary seaport of entry to the northwest of Saudi Arabia, has been renamed as Port of Neom. Since the transfer, key capabilities…
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The first phase of the renewal of the Europa Terminal at the Port of Antwerp-Bruges, Belgium, is underway. In order to continue to compete at the top level of world ports and offer customers additional container capacity and high-performance infrastructure, Port of Antwerp-Bruges and PSA Antwerp are investing in the upgrade of the quayside and automated yard of the Europa Terminal. The works…
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Roderic Heeneman has joined the Advario leadership team as its new senior vice president (SVP) strategy, portfolio and sustainability. Heeneman will be shaping and implementing Advario’s forward-looking strategy, mergers and acquisitions (M&A), as well an ambitious environmental, social and governance (ESG) agenda. 'We are very pleased to welcome Roderic at Advario,' says Bas Verkooijen,…
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Fresh from his ORBIE award win, Aldrich Varilla, IT director for Odfjell Terminals US tells Tank Storage Magazine about the company’s digital initiatives. IN 2021, Odfjell Terminals US (OTUS) launched a multi-year digital transformation programme at its US terminals. The ambitious programme aims to harness the latest technologies to help maintain the highest safety standards, boost efficiency,…
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Flogas Britain’s business development director, James Rudman tells Tank Storage Magazine how it’s keeping up with the ever-changing energy market Flogas Britain has completed a tripartite deal with North Sea Midstream Partners Limited (NSMP) and Exolum Seal Sands (Exolum) at the Teesside gas processing plant, UK. The deal is set to boost the resilience of off-grid energy across the north of…
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AquaChemie Middle East has officially inaugurated its world-class petrochemical terminal in DP World’s Jebel Ali Port in Dubai. The advanced $50 million (€46.1 million) terminal will be one of the most functional and versatile bulk liquid terminals in the GCC region. It will serve as a vital gateway to facilitate and boost the growing petrochemical trade between manufacturers and end-users…
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FETSA’s executive director, Ravi Bhatiani, looks at what’s needed from political leaders to enable the energy transition The Federation of European Tank Storage Associations (FETSA) is committed to help achieve the EU’s 2030 and 2050 climate targets by replacing fossil fuels with low-carbon and renewable energy carriers. This transition must be driven by legislation (such as the ‘Fit for…
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Diamond Key International shares how its proven solutions can achieve terminal optimisation through a strategic approach traditional oil and gas terminals are facing increasing operational challenges for a number of reasons. Reduced in-house expertise, segmented control systems, legacy infrastructures, more stringent environmental, social and governance (ESG) policies, occupational health and…
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