News
The Tank Storage Sustainability Initiative (TSSI) website is now live. TSSI is a research, development, training and coordination centre advocating sustainability in marine tank storage and refining industries.
Officially launched at the 2020 StocExpo in Rotterdam, the platform is operated and managed by Tank Terminal Training (TTT).
The website makes it possible for you to verify your…
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Join the free webinar on 12 May, 13:00 (GMT) to know more about plans of oil companies to upgrade tank farms and oil terminals.
To register for the free webinar or receive the recording in English please follow the link - https://oilterminal.org/en/webinar/
The webinar will cover:
Overview: industry development strategies and goals before 2030, plans of producers and regulators
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European tank terminal operator Evos has begun using a digital connection to the Hamburg Port Authority (HPA). Via a new interface to a cloud communication service, the tank terminal and the HPA now exchange train data fully automatically – manual entry and transfer by employees are no longer necessary. The solution was developed and implemented by the specialist for tank terminal software…
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COVID-19’s impact on the infrastructure market has been widely publicised. Some assets, formerly viewed as safe investments, have faced unexpected and unprecedented challenges. But amidst this challenging environment, one particular asset class has begun to thrive – liquid storage. Storage terminals worldwide have benefited from the supply/demand imbalance as a direct consequence of the…
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The COVID-19 pandemic has shown us that we need to be prepared to handle extraordinary situations that impact our business when measures to combat the spread of the COVID-19 were put in place by governments worldwide. These measures have had, and continue to have, a major impact in the way that we conduct business and operate our facilities. Organizations often had to fall back on business…
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The selection of a refrigerated liquefied gas (RLG) storage system concept is often based on the ability of the tank system to contain leaks from the primary containment and to limit potential effects on the environment and surrounding properties.
The storage tank system and tank material selection are based on both safety and economics considerations to provide a safe storage solution for both…
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The one thing storage operators needn’t worry about for the rest of the year, is whether or not their tanks will be filled
THE OIL market is currently deep in uncharted territory having to deal simultaneously with a supply shock from the abrupt termination of the OPEC+ production cut agreement and a demand shock from the coronavirus (COVID-19) pandemic. The market has demonstrated before,…
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Cyril Widdershoven, Middle East & geopolitical expert & global head strategy & risk at Berry Commodities Fund, shares his thoughts on some of the biggest market disruptions and uncertainties to happen in a generation and why future opportunities for the industry still exist
After years of being a statistical factor in oil market developments, looking at the OPEC+ and US shale oil…
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With more than half of Pakistan’s total oil product demand being met through imports, fuel marketer and retailer Gas & Oil Pakistan sees tremendous opportunity in serving the markets supply chain
GAS & Oil Pakistan (GO) is positioning itself to capitalise on the country’s flourishing market dynamics with plans to substantially increase its storage terminal network to meet the growing…
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During challenging times such as these, it is even more important than ever to ensure companies within the terminal industry are allocating resources correctly and optimizing their performance.
Formed at the beginning of 2020 in Houston, Noon Advisory is an advisory and consulting practice dedicated to the energy, midstream, and chemicals industries worldwide. The company works with terminals,…
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At this year’s StocExpo, international tank terminal IT providers Implico and Brainum presented their newest innovations for the downstream industry, Supply Chain United (SCU) and QINO vNext. Supply Chain United is a cross-company architecture of interconnected cloud solutions and web services. QINO vNext is the industry’s first fully cloud-based terminal management system. Supply Chain…
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With predictions that a more varied mix of energy will be needed in the near future, GP Global is unlocking new market potential by developing storage infrastructure for a diverse portfolio of product lines
The energy conglomerate, which operates in oil and gas trading, bunkering, lubricants, bitumen, aviation fueling and shipping & logistics, currently has three storage terminals…
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LIKE the kid who does not how to give up after losing a race, Indonesia is back at the oil and gas production race. In a recently published news report on March 4, the government’s Upstream Oil and Gas Regulatory Special Task Force (SKK Migas) said that two developments last year ‘added optimism’ to Indonesia’s goal of becoming a leading gas producer. He was referring to the resumption of…
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There is no denying that the world is changing and continues to change at a staggering pace. If it wasn’t clear enough at the beginning of the year, then it has been brought even more sharply into focus in recent weeks with the global political, social and economic response to the COVID-19 pandemic
IN THESE turbulent and uncertain times storage terminals stand tall and strong, acting as a…
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The Coronavirus (Covid-19) has been an unexpected surprise to all of us. CST has been fortunate thus far and remains committed to operating safely in this environment. We want to advise you that CST manufacturing plants remain operational and continue to supply products and materials to the Essential Businesses and Operations for the nation’s water, wastewater, food, agriculture and other…
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Digitalisation is one of biggest trends in heavy industry and it is starting to deliver on its promises. However, finding fitting solutions that provide real value from day one is not easy. The Internet of Things (IoT) needed to adapt to the standards, regulations and demands - TWTG NEON is the result of this and is being expanded with two new products: NEON Thermocouple Sensor and NEON Vibration…
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AS the sector enters a new decade, Channoil Consulting’s Chris Reveliotis, examines some of the key challenges facing the storage sector including shifting global trade patterns and the electrification of transport
STORAGE in the oil business is about more than just warehousing and logistics. The oil storage industry, and in particular the European one, is more dynamic and different because…
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As new forms of energy continue to thrive and grow on the back of the global energy transition, storage giant Vopak explains how its adaptive and flexible approach ensures it remains relevant in this new energy era
THE EMERGENCE of new energies on the back of the growing momentum behind the energy transition is creating opportunities for storage operators to play a key role in carving out new…
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ANALYSIS of markets, energy markets no less than others, often begins with a look at the fundamentals. In energy markets these analyses tend to change, move and require constant updating. International politics, on the other hand, while widely regarded as chronically fickle, have rarely required a deeper analysis of its fundamentals. The fundamentals of the global economy and politics have, for…
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Before January ended, two major events struck the oil market that speak volumes in how global trade has been transformed by US energy production
PRICE risk in 2020 is now skewed to the downside as global economic growth and oil demand are under pressure from an outbreak of coronavirus. Oil futures surged in reaction to the US targeted killing of Iranian General Qasem Soleimani on January 2 but…
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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/