News
His Royal Highness Crown Prince Frederik of Denmark officially initiated a world first with the safe injection of carbon dioxide from Belgium into a depleted oil field in the Danish North Sea.
Project Greensand, a consortium of 23 organisations, showcases the feasibility of CO2 storage from being captured at an INEOS Oxide site in Belgium, to being transported cross-border and finally safely and…
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Essar Oil UK has announced that Mike Mackay has been appointed to the role of chief transformation officer at Essar Oil UK. Mike will also join the company’s executive leadership team.
Mike has over 25 years of experience in the oil and gas industry. He also has extensive knowledge of refining and the downstream oil sector in the UK. He recently returned to Essar from a successful…
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Hot off the press after an incredibly successful StocExpo, the Tank Storage Magazine team has delivered another exciting edition, packed with exclusive interviews, insights and updates.
In the April/May issue, readers can expect:
An exclusive interview with Holger Kreetz, COO & CSO at Uniper, on how the company’s game-changing FLNG unit is delivering Germany’s energy security
A…
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Enfinium, one of the UK’s largest energy from waste operators, and Navigator Terminals, leading bulk liquid storage provider, have announced they have signed a memorandum of understanding (MoU) to collaborate on the development of the UK’s first ‘Rail to Zero’ carbon capture rail corridor, that would enable dispersed industrial sites to permanently store their emissions.
They plan to…
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BlastOne, the leading global provider of blasting and painting equipment and supplies, has announced the acquisition of VertiDrive, located in Rotterdam, the Netherlands.
BlastOne has been acting as a sales partner for VertiDrive for over five years. The acquisition will enable BlastOne to improve customer support and provide innovative solutions for automating blasting and painting…
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ExxonMobil has announced the successful startup of its Beaumont refinery, US, expansion project, which adds 250,000 barrels per day of capacity to one of the largest refining and petrochemical complexes along the U.S. Gulf Coast.
Karen McKee, president of ExxonMobil product solutions says: ‘ExxonMobil maintained its commitment to the Beaumont expansion even through the lows of the pandemic,…
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Energy technology company, Baker Hughes has announced it has been awarded an order by Bechtel to supply two Main Refrigerant Compressors (MRCs) for Sempra Infrastructure’s Port Arthur LNG Phase 1 project in Jefferson County, Texas, US.
Through the Port Arthur LNG Phase 1 project, Sempra Infrastructure aims to deliver critical new export infrastructure in the U.S., which will help meet…
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Exolum is taking another step forward in its decarbonisation and diversification strategy by becoming a shareholder of H2Vector - a technology start-up, based in Asturias, Spain. H2Vector aims to provide energy solutions to enable the decarbonisation and electrification of society, based on renewable hydrogen. The company is conducting research into new forms of storage and transportation of…
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BP and Abu Dhabi's state oil giant have made an offer to acquire 50% of Israeli offshore natural gas producer NewMed Energy for around $2 billion (€1.8 billion).
The offer involves acquiring NewMed's free-floating shares and taking the company private and would mark Abu Dhabi National Oil Co (ADNOC) and BP's entry into Israel's growing energy sector.
The offer is a further sign of the…
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Emission-free, ammonia power solutions company, Amogy has announced a $139 million (€128 million) series B-1 fundraising.
The round was led by intermediate holding company of SK Group, SK Innovation, joined by other global investors. This funding will enable Amogy to continue its organisational development to support commercialisation, begin manufacturing of its innovative ammonia-to-power…
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Earlier this month, an impressive 3,796 storage terminal professionals gathered in Rotterdam for this year’s hugely successful StocExpo. With two conference streams, a terminal tour, a new innovation & sustainability trail and much more, this year’s event was packed full of new features.
Terminal operators, traders, oil & gas companies, ports and renewable fuel producers came from…
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A subsidiary of Libya's state-owned National Oil Corp (NOC) has signed a contract with Honeywell for engineering work on the planned South Refinery project, estimated to cost between $500 million (€464 million) and $600 million (€557 million).
The project will be carried out in two phases.
NOC has previously said South Refinery will produce cooking gas, jet fuel and other products,…
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On Sunday 26 March a major incident was declared after an oil leak was found from an onshore field in Dorset, UK.
The leak had come from the Wytch Farm facility in the Purbecks, one of the largest onshore oilfields in Europe, owned by independent oil and gas company, Pernaco.
A incident management team was activated immediately and the leak was contained. However, oil had already contaminated…
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Saudi Aramco has signed an agreement with Chinese partners for an oil refinery and petrochemical project in northeast China expected to start in 2026 to meet the country's growing demand for fuel and chemicals.
Joint venture Huajin Aramco Petrochemical Company (HAPCO) will build and operate the complex which will house a 300,000 barrels per day (bpd) oil refinery and a cracker with an annual…
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French multinational industrial company, Air Liquide, has announced the construction of an industrial scale ammonia (NH3) cracking pilot plant in the port of Antwerp, Belgium.
When transformed into ammonia, hydrogen can be easily transported over long distances. Using innovative technology, this plant will make it possible to convert, with an optimized carbon footprint, ammonia into hydrogen…
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South African lender, Absa Group, aims to cut its net carbon emissions to zero by 2050 by curtailing lending to coal, oil and gas projects as well as increasing its exposure to renewables.
‘While we recognise Africa's particular vulnerability to climate change, our approach to net zero also takes cognisance of the development needs of Africa's people,’ says Punki Modise, Absa Group's chief…
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Denmark has invited the Russian-controlled operator of the Nord Stream 2 pipeline to help salvage an unidentified object found close to the only remaining intact gas pipeline under the Baltic Sea. A response is still pending.
The pipeline operator is controlled by Russian state-owned gas company Gazprom.
Three explosions occurred in September 2022 on the Nord Stream pipelines.
The blasts…
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Environmental technology company, Tecam has announced that it has been awarded three new projects for the removal of polluting emissions derived from the industrial processes generated at technically leader industrial sectors in Norway, Germany and France.
Once these projects are installed, polluting emissions are expected to be eliminated up to 99.9% at the industrial sites where the equipment…
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Stolthaven Terminals has announced it has joined the Ammonia Energy Association (AEA), a global non-profit industry association that promotes the responsible use of ammonia as part of a sustainable energy economy.
Stolthaven believes low and zero-carbon new energies have a critical role to play as the shipping, storage and logistics industries move from traditional petroleum-based marine fuels…
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A fire broke out on Wednesday 22 March at an INEOS phenol plant in Pasadena, Texas, USA
Officials say that truck backed into a loading dock at the plant and caught fire. The truck driver was then taken to hospital.
The fire also caused a brief closure to the Houston Ship Channel to traffic.
The fire has since been successfully extinguished and reports say there was no danger to the community…
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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/