News
BP has successfully loaded the first cargo from Mozambique’s offshore Coral Sul FLNG facility. It is the country’s first LNG project and first floating LNG carrier in deep waters.
Under a long-term contract, BP will purchase 100% of LNG output from Coral Sul FLNG, which has the capacity to produce up to 3.4 million tonnes of LNG per year.
BP aims to expand its LNG portfolio to 30…
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Dubai’s international oil and gas company, ENOC Group, and Japanese heavy-industry manufacturer, IHI Corporation, have signed a memorandum of understanding (MoU) to explore a low-carbon hydrogen and low-carbon ammonia supply chain in the UAE.
As part of the agreement, both parties will complete corresponding studies for green ammonia production in the UAE. This will include a pre-feasibility…
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Tank Storage Magazine’s editor, Anamika, recently visited VI Med Hub Day at Port Tarragona, Spain. The event was held at Tinglado 1, set against the sounds of ships passing by and sounding their horns. It was the first time the event, now in its sixth edition, was held at the gallery venue. With road and railway networks on the doorstep, the portside art gallery was the perfect venue to…
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Tank storage giant Vopak has shared its Q3 results for 2022, with an improved EBITDA of €227 million. The company has raised its full-year EBITDA outlook to around €890 million.
The full report reveals Vopak’s key highlights, including:
Increased revenue to €1 billion
Proportional occupancy improved to 89% in Q3, from Q2 (87%), driven mainly by performance in Asia and Middle East,…
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Storage terminals across Asia are reporting tank tops, leading to LNG suppliers requesting cargo deferrals. Korea and Japan are seeing high gas inventory levels due to a mild winter, as China and India terminals are seeing weaker demand for LNG.
The high inventory situation is resulting in LNG importers taking steps to delay shipments by extending the waiting time for LNG carriers or asking…
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On Monday 7 November, Symrise chemical plant in Georgia, USA, caught fire and suffered a series of explosions. Local law enforcement is working with the chemical plant to determine the cause of the fire.
More than 1 million gallons of water had to be depleted from tanks on site before tanker trucks arrived. One firefighter is currently suffering from exhaustion and is being treated in a…
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Clean hydrogen development company, Vision Energy, has announced a cooperation agreement with hydrogen storage and distributor, Linde Engineering, to accelerate engineering efforts for the company’s green energy terminal in the North Sea Port of Vlissingen, Netherlands.
Vision Energy has partnered with Linde Engineering to deliver preliminary Front-End Engineering and Design (FEED) services to…
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Multinational energy company, Chevron Corporation (as Chevron New Energies) and Japanese transport company, Mitsui O.S.K. Lines (MOL) have announced the signing of a joint study agreement (JSA) for the feasibility of transporting liquified carbon dioxide (CO2) from Singapore to permanent storage locations offshore Australia.
Under the JSA, Chevron and MOL will explore the technical and commercial…
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Global plastic, chemical and refining company, LyondellBasell, invited all its logistics partners to an event to share best practices and encourage safety and operational excellence across the industry. Domestic bulk facility, Stolthaven Houston, was recognised for its consistently high performance and a total recordable incident rate (TRIR) of zero.
Daniel Strydom, general manager, Stolthaven…
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Logistics service provider for tank terminals, Oiltanking, has announced that it has entered into an agreement to sell its 91.1% stake in the liquid storage terminal in Varna to the Astra Group.
The terminal with a storage capacity of 25,860 m3 is located at the Black Sea in Devnya, Varna and provides storage and handling services for inorganic chemicals, biofuels and edible oils. The remaining…
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Adani Ports and Special Economic Zone (APSEZ), the largest transport utility in India, has agreed to the acquisition of Oiltanking India’s 49.38% equity stake in Indian Oiltanking (IOT), one of India’s largest developer and operator of liquid storage facilities. The agreement includes the acquisition of an additional 10% equity stake in IOT Utkal Energy Services, a 71.57% subsidiary of…
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Equinor has signed a strategic collaboration with Hitachi Energy to collaborate on electrification, renewable power generation and low-carbon initiatives worldwide.
The agreement sets out both companies’ commitment to accelerate the energy transition and advance a more sustainable, flexible and secure energy system for the future.
The new agreement builds upon the companies’…
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Energy Estate and Abergeldie Complex Infrastructure have signed a memorandum of understanding to collaborate on opportunities for around-the-clock delivery of green hydrogen, e-fuels and e-chemicals across Energy Estates’ portfolio of decarbonisation projects. The companies will come together on the production and storage of hydrogen to accelerate the energy transition in Australia.
The aim…
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Multinational oil and gas company, BP, has signed a memorandum of understanding (MoU) with the government of Mauritania to deliver an innovative programme exploring the potential for large-scale production of green hydrogen in the country.
BP will carry out a number of studies to evaluate the technical and commercial feasibility of producing green hydrogen in Mauritania.
Anja-Isabel Dotzenrath,…
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Lower carbon solutions organisation, Chevron New Energies, and seaborne energy trader, JERA have signed a joint study agreement to collaborate on multiple lower carbon projects. The study will explore the potential co-development of lower carbon fuel in Australia, including production, carbon capture, utilisation and storage, (CCUS) and new technology.
As part of their focus across the hydrogen…
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ACE Terminal has appointed Egbert Vrijen as project director. ACE Terminal is the joint project of Gasunie, HES International and Vopak, in which they are developing a terminal in the port of Rotterdam for the import of ammonia as a green hydrogen carrier. Egbert Vrijen, with his 20 years’ experience in the capital-intensive industry, will fulfill the ACE Terminal project together with the core…
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Spanish engineering and procurement company, Técnicas Reunidas and Australian blue ammonia and methanol company, Allied Methanol have signed an agreement to develop an integrated methanol and blue ammonia production plant in Darwin, Australia.
The plant will enable carbon emissions to be reduced by half compared to traditional technologies.
The agreement states that Técnicas Reunidas will…
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Italy’s Emilia Romagna region has approved a project for a new floating LNG terminal in the region of Ravenna.
Emila’s Romagna’s economic development councillor, Vincenzo Colla told news outlets that almost €1 billion was being invested into the project.
This LNG terminal is one of two new floating terminals to be operated by Italy’s state-controlled gas grid and will have a capacity…
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Mytilineos, a global industrial and energy company, has unloaded the first LNG cargo from DESFA’s floating natural gas storage unit (FSU) in Revithoussa, Greece. The transshipment of over 140,000m³ LNG cargo is being unloaded via a ship-to-ship process – the first time this procedure is being carried out in Greek territorial waters.
The FSU is moored 700m from the LNG terminal,…
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Bulk liquid storage specialist, UM Terminals, has appointed a new managing director, Phil McEvoy. McEvoy takes up the role at UM Terminals after having held several senior roles in the UK and Europe.
McEvoy replaces Vic Brodrick who has been combining the roles of interim managing director and commercial director since the summer. Vic will continue as commercial director.
Commenting on the new…
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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/