News

UK-based material technology company, N’GENIUS, has developed a series of high strength austenitic stainless steels that can be used across the oil and gas sector. The N'GENIUS Series has been specifically developed to be superior to the majority of existing grades in the 300 Series. The corrosion resistant alloy (CRA) line pipe grades are currently available for selection in the API…
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Enbridge and Humble Midstream agreed in May to develop and market a low-carbon hydrogen and ammonia production and export facility at the Enbridge Ingleside Energy Centre, which Enbridge acquired in 2021, in a $3 billion deal. The potential cost of the new development is estimated to be between $2.5 billion and $3 billion. The new development would include a unit that turns natural gas into…
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German tank terminal IT specialist Implico Group has introduced two future-oriented IT solutions designed to support all kinds of liquid bulk storage terminals. The first solution is a pre-configured version of Implico Group’s figure-head solution for tank terminals, OpenTAS. Based on proven industry standards, the software is quick to implement and easy to maintain. As a key feature, the new…
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The UK government has requested consultations for views on hydrogen transport and storage infrastructure business models, as well as regularity arrangements for strategic planning and the role of blending. The announcement follows the government’s commitment to the British Energy Security Strategy (BESS) to create new business models for hydrogen transportation and storage infrastructure by…
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StocExpo, the world’s leading bulk liquid storage event, which will be held 14-16 March 2023 at the Rotterdam Ahoy, is searching for the industry’s most dynamic professionals who are under the age of 40. The initiative, now in its second year, showcases the rising stars of the industry – in tank storage, bulk liquid and the linked supply chain professions. The StocExpo 2023 Forty Under 40…
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IKAV, the international asset management group, agrees to acquire Aera Energy LLC (‘Aera’), through two separate transactions with the joint subsidiaries of ExxonMobil and Shell respectively. Both transactions are subject to regulatory approval. Aera, one of California’s largest oil and gas producers, produced an estimated 95,000 barrels of crude oil per day, in 2021. Aera will remain the…
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Fluxys, Advario Stolthaven Antwerp, and Avario Gas Terminal have joined forces to study the viability of an open-access green ammonia import terminal at the Port of Antwerp-Bruges. The plan includes offering the market a solution to growing demands for importing and storing green energy and raw materials in connection to ongoing decarbonisation. Fluxys, Advario Stolhaven Antwerp (a 50:50 joint…
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GPS Group has announced the successful completion of its LPG storage terminal in Port Klang, Malaysia, with its first commercial operation in May of this year. Situated in Port Klang, Malaysia’s busiest port, the new infrastructure will enable cost-advantaged shipments of fully laden very large gas carriers (VLGC) into Malaysia and the region. The fully automated facility makes it possible to…
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Shanghai and its local departments have announced extensive plans to build a regional hydrogen pipeline network and a national trading platform. Lin Boqiang says: ‘Hydrogen plays an important part in China’s promotion of new energy development to peak carbon emissions by 2030 and reach carbon neutrality by 2060.’ The concerted efforts to reduce emissions and carbon footprint include the…
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The conference programme for the upcoming AntwerpXL, the award-winning breakbulk, heavy-lift and project cargo event, has been unveiled. AntwerpXL returns in 2022 and will bring the breakbulk community together again to showcase innovative technology, overcome industry challenges, and make connections. One of the highlights of the exhibition will of course be the Main Deck Conference, which…
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Oman’s Ministry of Energy and Minerals signed an agreement with Oman Tank Terminal Company (OTTCO) for the development of a new pipeline which will export Oman blend crude oil at the Ras Markaz crude oil terminal in the port town of Duqm, Oman. OTTCO, a wholly owned subsidiary of the OQ Group (Oman’s international integrated energy company), has an ambition to create world-class oil-storage…
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A COSCO Shipping Lines containership has been successfully filled with marine biofuel in TotalEnergies’ first such bunkering operation in Singapore. The containership was bunkered with biofuel from TotalEnergies comprising VLSFO (very ow sulphur fuel oil) blended with 20% second-generation, waste-based and ISCC-certified UCOME (used cooking oil methyl ester). Support from the Maritime and Port…
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Phenol and acetone producer INEOS Phenol has agreed to acquire the entire asset base of Mitsui Phenols Singapore from Mitsui Chemicals, a leading Japanese chemicals manufacturer, for a total consideration of $330 million (€330 million). The business has a turnover of $750 million and employs 120 people, that will transfer to INEOS Phenol, on completion expected during Q1 next year. The move…
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The Australian federal government has given the gas and oil industry the green light to explore new offshore sites, spanning 46,758km2 of Commonwealth waters. 10 new sites off the coasts of the Northern Territory, Western Australia, Victoria and the Ashmore and Cartier Islands have been opened up for exploration. ‘The annual release of areas for offshore petroleum exploration supports ongoing…
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A fire that broke out at the Matanzas Supertanker Base in Cuba on 5 August 2022 reportedly came under control five days later on 9 August, after flames engulfed four of the eight storage tanks at the facility. As well as local firefighters, reinforcements from Mexico and Venezuela helped fight the blaze with boats, planes and helicopters by spraying foam on the containers. The fire at the…
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Horisont Energi, a Norwegian clean energy company, and Koole Terminals, a leading independent liquid bulk storage company, have announced plans to develop a new CO2 terminal in the Port of Rotterdam. The terminal and storage facility will handle both clean ammonia and CO2. Several hectares will be redeveloped for tank storage, multi-modal connections and access to at least two deep-sea jetties.…
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The United States’ Department of Energy (DOE) has announced $40 million (€40.1m) in funding to advance the development and deployment of clean hydrogen technologies. The move represents a significant stride towards President Biden’s goals of creating a net zero carbon economy by 2050. The aim is to advance the DOE’s Hydrogen Shot goal of reducing the cost of clean hydrogen to $1 per kg…
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INOXCVA, an Indian multinational, among the world’s leading manufacturers of cryogenic equipment and solutions, has waved off the largest bulk liquid hydrogen storage tank ever made in India. The tank has left INOXCVA’s Kandla facility in India to a clean energy demonstration project in South Korea. With a massive storage capacity of 238m3, the cryogenic storage tank is built to European…
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Rosen Group, a global supplier of pipeline integrity management technology, has won the contract to carry out in-line pipeline inspections across Malaysia for the next five years. Malaysian subsidiary Rosen Engineering will carry out the work for Petronas and Petroleum Arrangement Contractor (PACs). The Pan Malaysia In-Line Inspection (ILI) contract will see Rosen inspect approximately 200…
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UK safe access and fluid transfer company Carbis Loadtec Group has successfully commissioned six chemical bottom loading stations for a UK client, as part of a site wide policy to remove hoses from tanker operations. The project will also make the working environment safer and ergonomic. The arms are a mixture of stainless and carbon steel, designed to meet the client’s exacting process…
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