News
BP has signed a memorandum of understanding (MoU) with the government of Egypt to explore the potential for establishing a new green hydrogen production facility in the country.
The MoU was signed by BP, Egypt’s New and Renewable Energy Authority (NREA), the Egyptian
Electricity Transmission Company (EETC), the General Authority for Suez Canal Economic Zone
(SCZONE) and the Sovereign Fund of…
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Ineos and Sinopec have announced a new joint venture agreement that will see Ineos acquire a 50% share in the existing Tianjin Nangang Ethylene Project from Sinopec. The project is currently building a 1.2 million tonne ethane cracker, expected to come on stream at the end of 2023, and downstream derivative plants in Tianjin, China.
A full suite of derivative units will be built at the…
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An initiative of 18 companies, led by the Port of Rotterdam Authority, has kicked off a study into the possible establishment of a large-scale ammonia cracker to enable imports of 1 million tons (907,185 tonnes) of hydrogen per year to aid the decarbonisation of industry and mobility.
Participants have commissioned Fluor to study possibilities for a large central cracking facility in the port…
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Exolum and OQ, the largest energy company in Oman, have agreed on the sale of Exolum’s 40% stake in their joint venture OQL. OQL is the leading fuel logistics company in the country, with a market share of 70%.
Exolum and Oman collaborated in 2014 for the design, construction and operation of the Muscat Sohar Pipeline Project and the Al Jifnain terminal in Oman (MSPP). Over the past few…
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Avnet Abacus, one of Europe’s leading distributors of interconnect, passive, electromechanical, power supply, energy storage, wireless and sensor products, is collaborating with TWTG, a leading industrial-IoT specialist based in Rotterdam, Netherlands, to help prevent the disposal of millions of smart meters.
The viability of existing smart meters is subject to compatibility as technology…
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Kent, a leading engineering company in oil and gas, carbon capture, utilisation and storage (CCUS), and hydrogen has been awarded a pre-FEED study by Essar Oil UK for the Stanlow refinery in Merseyside, UK.
Kent will incorporate a carbon capture and storage plant to capture carbon from the Fluid Catalytic Cracker (FCC) flue gas at Essar’s Stanlow Refinery in the northwest of England, the…
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Pipeline leak repair and maintenance fittings company, The Pipe Line Development Company (PLIDCO) has announced that it has approved six international partners to serve as authorised refurbishing service centres (ARSCs). PLIDCO recently established ARSCs with its partners in Brunei, Canada, Colombia, Indonesia, Singapore and Qatar.
The new ARSCs are strategically located near PLIDCO’s…
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INEOS has signed a 20-year contract with Sempra Infrastructure for the supply of 1.4 million tonnes per annum (mtpa) of liquified natural gas (LNG) from Phase 1 of the Port Arthur LNG facility under development in Texas, US. The agreements come at a critical time for energy markets and will provide much needed security of supply for Europe.
Under the agreement INEOS has agreed to purchase…
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Global technology company, Emerson, has launched a pressure-reducing regulator specially designed for use onboard commercial hydrogen fuel cell vehicles.
The dual stage and patented active seal design of the TESCOMTM HV-3500 Hydrogen Onboard Regulator delivers steady pressure and constant hydrogen fuel supply to fuel cells in the full range of vehicle operating conditions. This extends fuel cell…
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Saudi developer, investor, and operator of power generation, ACWA Power, and worldwide green hydrogen plant owner, PTT Public Company Limited (PTT) signed a landmark memorandum of understanding (MoU) along with Thailand’s national integrated energy company and Electricity Generating Authority of Thailand (EGAT). The MoU is to embark on projects focused on green hydrogen and its derivatives to…
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State-owned petroleum company, QatarEnergy has announced the signing of two long-term LNG sale and purchase agreements (SPAs) with hydrocarbon corporation, ConocoPhillips. This SPA regards the delivery of up to 2 million tons per annum (MTPA) (1.8 million tonnes) of LNG from Qatar to Germany.
The LNG volumes will be sourced from the two joint ventures between QatarEnergy and ConocoPhillips that…
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As the official media partner of StocExpo 2023, Tank Storage Magazine brings you a sneak preview into the fantastic new features happening at this year's event:
Terminal Tour
For the first time at StocExpo, you have access to an exclusive Terminal Tour. On the morning of 14 March Koole Tankstorage Botlek (KTB) will be hosting a terminal tour at its current and future fuels terminal in the heart…
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Norway and Switzerland have signed a deal to further explore carbon capture and storage (CCUS) and carbon dioxide removal (CDR). The agreed cooperation follows a meeting between the Norwegian minister of petroleum and energy, Terje Aasland, and the Swiss minister of the environment, transport, energy and communications, Simonetta Sommaruga.
Norway’s vast carbon capture potential will be…
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BP has been awarded two exploration blocks in the Mediterranean Sea. The operator holds 82.75% of the northwest Abu Qir Offshore Area, which is located to the west of the North King Mariout block (100% held by BP) and north of the Raven field.
It covers an area of approximately 1038 km² and has water depths ranging between 600m and 1,600m.
BP also holds a 50% share in the Bellatrix-Seti…
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Engineering and technology company for the energy industry, Technip Energies, and industrial services company, Baker Hughes, have signed a memorandum of understanding (MoU). This sets groundwork for their cooperation on the joint development of a new above 1 and up to 2 million tons per annum (MTPA) (0.9-1.8 million tonnes) range liquefied natural gas (LNG) modularised solution for the onshore…
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J. de Jonge TankX company will be opening a base in Houston, Texas USA, in line with its 2023 growth activities. As of December 1, 2022. The new company, TankX USA, will be managed by Carey Porsche and is due to open in December. TankX USA will be offering safe lifting for all types of tanks, in-house engineering, proven technology, and fit-for-purpose equipment.
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ACWA Power, a leading Saudi developer, investor, and operator of power generation, water deamination, and green hydrogen plants worldwide, signed a memorandum of understanding with PT Perusahaan Listrik Negara (PLN), Indonesia's state-owned electricity provider. The agreement looks to develop battery storage from renewable energy facilities and green hydrogen development in the country.
The…
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During maintenance work on the Moerdijk industrial estate in Noord-Brabant, the Netherlands, eight people were hospitalised after contact with a poisonous chemical. One is reported to have serve injuries.
The incident was first reported on Wednesday 23 November at 8.51am. Emergency services were called to the scene immediately.
The safety board has said it has not yet established whether the…
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Siemens Energy has started work in Newcastle, UK, on a new £3.5 million (€4 million) ammonia cracker prototype designed to produce green hydrogen at an industrial scale and help tackle climate change by reducing carbon emissions. This is in development with global resources leader, Fortescue Industries and renewable energy company, Geopura.
The ammonia cracker system will provide the…
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Blue Ocean Seismic Services, which is developing the world's first fleet of autonomous underwater vehicles for capturing high-quality seismic data from the ocean floor, has announced that it has completed a successful round of sea trials that prove the quality of seismic data collection.
The technology can be used for offshore wind, oil and gas, and carbon capture storage and will transform…
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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/