News

Chemicals producer, BASF has announced they are ending ammonia and associated fertiliser production in the German city of Ludwigshafen due to high production and energy costs. BASF seeks to cut costs by €500 million per year from 2024 by moving production to Belgium, the US and Asia. This is estimated to result in 2,600 jobs losses.
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Essar to invest in energy transition in UK and India Multinational conglomerate, Essar Group, invested in energy, metals and mining, infrastructure and technology sectors, has announced the formation of Essar Energy Transition (EET) to drive the creation of the UK’s leading energy transition hub in North West England. EET plans to invest a total of $3.6 billion (€3.39 billion) in developing…
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bp and partners have confirmed the development concept for the second phase of the bp-operated Greater Tortue Ahmeyim (GTA) Africa, LNG project that they will take forward to the following evaluation stage. The partnership will evaluate a gravity-based structure (GBS) as the basis for the GTA Phase 2 expansion project (GTA2) with a total capacity of between 2.5-3.0 million tonnes (2.75-3.3…
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Global oil and gas company, Technip Energies has announced it has been awarded its first FEED contract with NCOC (North Caspian Operating Company) for the Kashagan Slugcatcher Project in Kazakhstan, Asia. Kashagan is one of the largest fields discovered in recent decades and the new project will be led by its UK operating centre and executed by its locally incorporated joint venture, TKJV…
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Whether it’s managing storage tanks for the oil and gas industry, airports, ports or governments, there are many levels of complexity when managing the bulk liquid supply chain at tank farms and terminals. The volatility in tank management across these fuel eco-systems continues to be intensified by the pandemic, war, weather, inflation, labour shortages, and decarbonisation initiatives,…
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UGI Energy Services, a subsidiary of UGI Corporation, and Archaea Energy, a subsidiary of BP have announced that they recently entered into a joint venture, Aurum Renewables, to develop a renewable natural gas project at the Commonwealth Environmental Systems landfill in Hegins, Pennsylvania, USA. Under the joint venture, UGI will contribute to its existing 11-megawatt landfill gas-to-electricity…
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Independent energy company, Denbury has announced several new agreements related to its carbon capture, utilisation and storage (CCUS) business and provided its 2023 goals, which are intended to further the company’s leadership position in CCUS. Chris Kendall, Denbury’s president and CEO says: ‘Today, we are announcing a number of new CCUS agreements…These agreements are focused on our…
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Oil and natural gas company, CapeOmega and oil and gas exploration and production company, Neptune Energy have announced a joint project. NoordKaap is a project concept for a cross-border CO₂ storage solution for industrial emitters across Europe. It will involve transporting CO2 via vessels suitable for directly injecting the CO₂ at offshore locations and for terminal offloading. RWE has…
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Design, construction and operation of micro LNG plant company, OneLng has announced the signing of an agreement with developer of innovative solutions for micro-liquefaction of biofuels, Ecospray. Through the collaboration with OneLng, Ecospray will expand its offering to the natural gas liquefaction sector in the United States. OneLng and Ecospray intend to target the US oil and gas exploration…
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Solutions company mPACT2WO, a Molex business, has announced an end-to-end leak detection system called AirCompliance. This product is a result of a multi-year collaboration between Molex, the US Environmental Protection Agency (EPA) and fuels company, Flint Hills Resources (FHR). They have created a fixed, continuous leak detection mechanism as an alternative to existing manual…
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Molly Cooper explores how the right vapour recovery systems can aid in the global target to reduce emissions. VAPOUR RECOVERY is the process of collecting the vapours of products and fuels so that they do not escape into the atmosphere, where they can potentially cause harm. José Miguel González, engineering director at Tecam explains: ‘The hydrocarbons that are released contain volatile…
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José Miguel González, engineering director at Tecam, explores the challenges and solutions of venting emissions. In a world like today’s, with crisis, wars and materials stock shortages, it becomes crucial to define more conservative storage policies, while also implementing a higher level of environmental protection. Especially at tank terminals, it is essential to have correct, safe…
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The experts at Saval share the company’s innovative solutions for firefighting foams compliant with the latest standards. In the tank terminal industry, firefighting foam is the product of choice for fighting fire and spill scenarios. Usually this involves an automatic system that is ready to operate whenever an incident occurs that causes a tank bund area spill or tank fire. Over the years,…
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A3D’s commercial director Colin Pittman explains how a digital solution can help you manage risks to your terminal. Your terminal assets are instrumental to the success of your business. With A3D’s digital solutions, you have the flexibility to view and manage the health of your terminal with confidence – to achieve operational, safety and regulatory compliance and to manage market…
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Jon Loach, managing director at Dantec, explains what the company’s recent overhaul means for its customers and the industry. Since starting out as a gasket cutting business in 1969, Dantec has become a world leader in composite hose technology. Increased market demand for reliable composite hoses caused Dantec to begin manufacturing, working towards a commitment to innovation, minimising…
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Many people wonder if the maritime industry has the will to reach net-zero. After all, there are many challenges to meet. While there are innovators in the maritime sector, it is also an industry with a long tradition of established work processes. However, external pressures are pushing for change. Many environmental laws and regulations are coming into effect that mandate net zero, including…
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The Tanzanian government has approved the construction of a crude oil pipeline, which will cost $3.5 billion (€3.2 billion). The 1,443 km pipeline will transport crude from vast oilfields being developed in Lake Albert, north-western Uganda, to a Tanzanian port on the Indian Ocean for delivery to international markets.  The underground heated pipeline is due to become the longest of its kind,…
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Freeport LNG has announced that it has received regulatory approval to commence commercial operations of the company’s natural gas liquefaction and export facility. This comes after a fire in June 2022 that took Freeport LNG out of operations. This authorisation provides for the immediate full return to service of one liquefaction train, that has already restarted, and the incremental restart…
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Equinor is selling its South Riding Point oil terminal in the Bahamas to Estonian logistics and investment company Liwathon Group.  Equinor says: ‘Since we bought the South Riding Point terminal in 2009, the flow in the oil market in North America has changed significantly for Equinor and the company has increasingly sold crude to other regions globally. Consequently, we believe a new owner…
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A changing energy market demands movement among service providers in the world of fuels. Koole Terminals is strategically investing in its infrastructure to anticipate what will be needed in the future of the energy market. In the Port of Rotterdam, Koole is making steps towards a sustainable future. With the Koole Tankstorage Minerals (KTM) terminal, the company is working hard to store and…
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