News
Stolt-Nielsen Limited has announced its unaudited results for the first quarter ending February 28, 2023. The company reported a first-quarter net profit of $99.8 million (€91.1 million), with revenue of $708.7 million (€646.9 million), compared with a net profit of $95.3 million (€86.9 million), with revenue of $732.5 million (€668.6 million), in the fourth quarter of 2022.
Highlights…
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French oil major TotalEnergies has confirmed it has reached an agreement with the Iraqi government on a long-delayed $27 billion (€24.6 billion) energy project, reviving a deal that aims to bring back foreign investment into the country.
The deal was signed in 2021 for TotalEnergies to build four oil, gas, and renewables projects with an initial investment of $10 billion (€9.1 billion)…
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Iraq's federal government and the Kurdistan Regional Government (KRG) have signed a temporary agreement to restart northern oil exports through Turkey, as part of a broader deal to end decades of political and economic disputes.
Turkey stopped pumping about 450,000 barrels per day of Iraqi crude through a pipeline from the Fish-Khabur border area to its Ceyhan port on March 25, after Iraq…
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TechCrunch+ has reported that global monitoring services company, Orbital Sidekick has raised $10 million (€9.12 million) to introduce hyperspectral imaging to oil and gas pipeline monitoring.
The deal was led by Energy Innovation Capital, with additional participation from major North American energy companies Williams and ONEOK. The University of Minnesota’s Endowment and existing…
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Evos Hamburg, the Lother Group and E-Fuel GmbH have announced that they will be cooperating with the intention of establishing the Hamburg Blue Hub.
This is a core initiative within a chain of other projects that are required to get ready for the import of green hydrogen and hydrogen-based fuels in Hamburg. The aim is to establish Hamburg as key distribution centre for green fuels in…
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Producer of phenol and acetone, INEOS Phenol has announced the acquisition of the Japanese chemicals manufacturer, Mitsui Phenols Singapore from Mitsui Chemicals is complete. The cost of the acquisition was a $330 million (€302 million).
The business has a turnover of $750 million (€688 million) and produces over 1 million tonnes of product each year, including cumene (410 ktpa), phenol (310…
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Find out what happened at the industry’s leading trade event: StocExpo.
On 14-16 March in Rotterdam, the Tank Storage Magazine team, along with organiser Easyfairs, held the StocExpo conference and exhibition. The leading event brought together a whole host of terminal professionals and industry experts looking to connect with each other and share exciting new innovations.
A year of…
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Cyann Fielding speaks to industry experts to gain the best advice for your terminal’s fall prevention and protection measures.
In tank storage operations, working conditions often involve heights, bringing risks for manual workers. The risk of falls is common in the process of unloading trucks, working on tank roofs, or accessing higher areas. So, operators need to be aware of these risks and…
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Bora Aydin at Walter Tosto delves into a recent project for the design, fabrication, construction and supply of bullet tanks for the biggest LPG storage plant in Italy.
bullet tanks are both aboveground and underground (mounded) cylindrical vessels, which are considered to be one of the storage options to hold liquids or gases at pressure values different from the atmospheric pressure.
They…
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Discover how OKQ8 works with PlantVision to increase reliability, with a future-proof system using Siemens’ software and products.
When OKQ8 needed to streamline depot management at its oil port in Sundsvall, Sweden, the company selected the Siemens solution partner, PlantVision, to modernise and fully automate the fuel loading and unloading process. Using Siemens’ innovative Digital…
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Tank Storage Magazine explores the future of loading arms with improved safety, operations and efficiency.
Loading arms facilitate the transfer of liquid or liquified gas, from one tank to another through an articulated pipe system. This usually consists of rigid piping and swivel joints. Loading arms unfold to get the required working envelope to load or unload the tanker, and the reverse to…
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The experts at Aquacycl explain new sustainable wastewater treatment options to achieve permit compliance at tank terminals.
Wastewater generated from operations at bulk storage terminals can include process wastewater, secondary containment wastewater and stormwater management. Dealing with these wastewater streams are usually not considered core to the business, but it needs to be carefully…
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Re-Gen Robotics’ no-man entry tank cleaning service provides huge logistics, cost and risk benefits for tank owners.
Tank cleaning is required at oil terminals as part of their ongoing maintenance programmes, generally every three to five years, or to undertake specialist tasks, such as changing product in the tank, decommissioning, assessing contamination, structural defects, and…
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Molly Cooper explores no-man entry tank cleaning robots and why there is no longer a need for humans to do the job.
No-man entry tank cleaning in the sector has grown over recent years. Companies have an obligation to protect their staff and keep them out of harm’s way. Entering tanks is not an easy task and requires qualified, registered personnel. ‘Thinking about what is considered the…
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A collection of experts share their insights into the latest in fire safety, including fluorine-free foams, strategies and the right equipment
PHASING IN FLUORINE-FREE FOAMS
Hans Huizinga, extinguishing foam consultant, Kenbri Fire Fighting
Back in 2021, the big industrial users of the foam were complaining about the
cost of a fluorine free foam. Now, this excuse isn’t working and instead of…
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Rail transport will be essential to transport LNG across the globe, says VTG.
In April 2021, the European Parliament and the Council of the European Union agreed on a new European climate law and substantially raised the EU’s greenhouse gas reduction target for 2030. At the same time, greenhouse gas neutrality by 2050 – which is at the heart of the Green Deal – was for the first time…
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FETSA teams up with the Hague Centre for Strategic Studies to manage geopolitical challenges facing the storage sector.
Recent geopolitical changes have led to, and are leading to, fundamental changes in the global energy system, energy policy and trade. These include decoupling between ‘the West’ / G7 economies and Russia, as well as decoupling of critical supply chains between this bloc…
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Japan's Inpex Corp has submitted a revised development plan to the Indonesian government authorities for the Abadi liquefied natural gas (LNG) project, now incorporating a carbon capture and storage (CCS) component.
Japan's biggest oil and natural gas explorer submitted the revised plan of development on behalf of its joint venture with Shell after amending it to include plans to neutralise…
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A memorandum of understanding (MoU) has been signed between HPCL Mumbai Refinery and BPCL Mumbai Refinery for the purchase and sale of hydrogen.
The MoU is a one-of-a-kind strategic partnership between two companies to create synergy for mutual aid during emergencies and towards environmental impact by minimising valuable hydrogen flaring.
The initiative aims to achieve cooperation and…
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Maxime Peeters, program manager hydrogen at the Port of Antwerp-Bruges discusses the roadmap for a revolutionary hydrogen hub.
The European demand for green and circular resources generates exciting opportunities. Port of Antwerp-Bruges has the ambition to become a major import hub for the hydrogen supply chain to Europe’s industrial hinterland, and help drive change towards a greener, more…
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