News
FETSA’s executive director, Ravi Bhatiani, examines the effects of new EU restrictions on the global energy market.
In December, the EU’s restrictive measures on crude oil imports came into effect, as well as a price cap on crude oil. In February, restrictive measures on refined products will also be introduced, with the expectation of a further price cap to follow to cover these…
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Paul Hickin, director at S&P Global Commodity Insights explains how changing demand for crude oil could impact the next 12 months.
The global oil supply map may be reshaped indefinitely after the fallout from the Russian invasion of Ukraine and subsequent G7 sanctions and price cap on Russian crude.
But the potential impact from the downturn in demand may be even bigger, given uncertainty…
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Fatima Shafique shares some HR secrets, following the success of Sharjah National Oil Corporation’s new working patterns.
During the Covid lockdown, a huge number of companies were forced to ask their staff to work from home. While a number of countries and companies have continued to enforce this, many employees have had to resume office working, after continuing remotely for over 12…
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15 years on, Orcus Fire & Risk’s Marcelo D’Amico speaks to Tank Storage Magazine about his journey to setting up a successful fire protection company.
'Orcus was started in 2008 at an interesting junction in my life,’ muses owner Marcelo D’Amico. ‘I had just left a stable partnership in a similar company, and decided it was time to spread my wings and start my own. At the time I…
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Personal growth and development is the key to success in the industry, according to LBC Tank Terminals’ Karine Huysmans.
LBC Tank Terminals' manager, Karine Huysmans, is constantly striving for better – both from herself and from the tank terminals industry. ‘At the beginning of my career, I took on various roles as an expert. Gradually, I evolved into management roles and the aim of my…
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Marco Dalmeijer and Pim van den Doel tell Tank Storage Magazine how Stolthaven Moerdijk gained two new global certifications.
Stolthaven Terminals took ownership of Moerdijk Terminal in 2012. Located in a lock-free port between Antwerp, Belgium, and Rotterdam, the Netherlands, Moerdijk Terminal offers all the benefits of the connected area, without the congestion. With efficient rail and road…
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Olivia Energy Group tells Tank Storage Magazine about the expansion of its Puerto Real Terminal in Cádiz, Spain.
Initially built in 2008, Olivia Energy Group’s terminal in Puerto Real, Cádiz, Spain represents a highly strategic location. While it’s a local storage company, Olivia Energy Group is focused on global trade, so being situated in one of the five main global shipping lanes is…
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Saudi Arabian oil company, Aramco and energy and petroleum company, TotalEnergies have taken the final investment decision for the construction of a world scale petrochemical facility in Saudi Arabia.
The Amiral complex will be owned, operated, and integrated with the existing SATORP refinery located in Jubail on Saudi Arabia’s eastern coast. The petrochemical facility will enable SATORP to…
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Multinational energy companies, Equinor and RWE, have announced an agreement for a strategic energy partnership between them. The agreement includes large scale projects that will contribute to the European energy supply as well as to the progress of the hydrogen economy in Germany and the EU. In addition, the partnership will strengthen the long-term security of supply of a decarbonised European…
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TÜV Rheinland is to acquire ABB’s UK technical engineering consultancy, part of ABB’s Energy Industries division. The acquisition will be integrated into TÜV Rheinland’s industrial services and cyber security business in the UK. The transaction is expected to close in Q2 of 2023.
The combined business will establish a full-service offer to the high-hazard industries, by supporting…
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Uniper has delivered Germany’s first full cargo of liquefied natural gas (LNG) to its new LNG energy terminal in Wilhelmshaven.
The LNG Ship Maria Energy, owned by Tsakos Energy Navigation, a major energy mover, was loaded in Calcasieu Pass, USA, at the liquification facility of the energy supplier Venture Global Calcasieu Pass, on 19 December 2022.
The ship was fully loaded with…
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Due to popular demand, the deadline for nominations for the Global Tank Storage Awards has been extended to January 23.
Now in its sixth year, the Global Tank Storage Awards is committed to recognising terminal and individual achievement, celebrating excellence in safety, sustainability and innovation and connecting the global tank storage community. The judging panel is made up of 20…
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Geoscience data and software company, Getech has announced the completion of the first step in developing the Inverness green hydrogen hub in the Scottish Highlands, UK. Working alongside SGN Commercial Services, phase one has seen the successful deconstruction of Inverness’ former gas holder, paving the way to convert a legacy natural gas holder site into a future green hydrogen storage and…
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Energy technology company, Baker Hughes has announced it has been awarded a contract by Malaysia Marine and Heavy Engineering (MMHE) to supply carbon dioxide (CO2) compression equipment PETRONAS Carigali Sdn. Bhd.’s Kasawari offshore carbon capture and sequestration (CCS) projects in Sarawak, Malaysia. The project is expected to be the world’s largest offshore CCS facility, with capacity to…
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Producer and distributor of hydrogen products, OCI N.V. has announced the construction on the largest blue ammonia facility in Texas, US, has begun.
This puts the project on track for production to begin as scheduled in 2025. The project also received its air permit from the Texas Commission on Environmental Quality (TCEQ) on 1 December 2022. OCI will upgrade blue hydrogen to produce blue…
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Vopak and Hydrogenious LOHC Technologies are to incorporate an equal shared joint venture, named LOHC Logistix, for hydrogen storage, transport, and supply. The project will be based on Hydrogenious’ Liquid Organic Hydrogen Carrier (LOHC) technology, to drive forward more LOHC market solutions.
Based in Germany, LOHC Logistix will support both parties to facilitate their efforts to supply…
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Cyann Fielding sat down with Neil Pearson, senior scientist at Eddyfi Technologies to discuss the company’s silver award for emerging technology, which they received at the Tank Storage Awards in 2022.
Eddyfi’s cutting-edge Surface Topology Air-gap Reluctance Sensors (STARS) is a unique and patented technology that enables the FloormapX Magnetic Flux Leakage (MFL) array tank floor scanner to…
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Leading carbon capture provider, Aker, has signed a letter of intent for the delivery of two Just Catch units for an undisclosed European customer. Both units will be part of a project with a capture capacity of 200,000 tonnes of CO2 per year. The final investment decision is expected in the Q2 of 2023.
Valborg Lundegaard, CEO at Aker says: ‘We are pleased to announce that we have reached an…
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Brazil’s state-controlled oil giant, Petrobras, is to transform into a renewable energy powerhouse, under the guidance of new CEO, Jean Paul Prates, as appointed by President Luiz Inacio Lula da Silva. Prates is a senator for Lula’s Workers’ Party and was a point person on Lula’s energy team during the presidential campaign last year. Lula praised the selection, calling Prates an expert…
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Oil field company, SK Earthon and UK-based independent carbon capture and storage specialist, Azuli, have signed a memorandum of understanding (MoU) for the two companies to work together to identify and develop carbon capture and storage (CCS) enabled solutions globally.
The MoU is the first step in establishing a global partnership between the two companies. SK Earthon and Azuli intend to work…
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