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ConocoPhillips has completed its acquisition of Marathon Oil.
In accordance with the terms of the merger agreement, each share of Marathon Oil common stock was converted into the right to receive 0.255 shares of ConocoPhillips common stock at the effective time of the merger, with cash in lieu of fractional shares.
Ryan Lance, chairman and CEO of Conoco Phillips says: ‘This acquisition of…
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Air Liquide has announced a renewable hydrogen production project at La Mède, France, to cover the hydrogen needs of TotalEnergies’s biorefinery.
Air Liquide will build, own and operate a new hydrogen production unit at TotalEnergies' La Mède site, with a capacity of 25,000 tonnes per year. It will enable the production of renewable hydrogen from recycled biogenic by-products from the…
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https://vimeo.com/1033139108/656e3bc4fd?share=copyHoneywell's Adrian Fielding discusses emissions management and sustainability at 2024's StocExpo.
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Clean Hydrogen Works has awarded McDermott the front-end engineering and design (FEED) contract for the Ascension Clean Energy (ACE) Project, in Louisiana, USA.
The ACE project will initially produce 2.4 million tonnes per annum (mtpa) of clean ammonia, with expansion in subsequent phases to 7.2 mtpa. With carbon capture and sequestration (CCS) contracts with ExxonMobil, regulatory approvals…
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BP, on behalf of the Tangguh production sharing contract partners, today announced a final investment decision on the $7 billion Tangguh Ubadari, CCUS, Compression project (UCC), which has the potential to unlock around 3 trillion cubic feet (0.08 trillion m3) of additional gas resources in Indonesia to help meet growing energy demand in Asia.
The announcement was made by Murray Auchincloss,…
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After three years of technical work and preparations, Chane is entering the next phase of decision making regarding the development of a new storage facility in Rotterdam, Netherlands, focused on the import and transportation of clean ammonia. 'We’re calling it ‘open season’,' says Tamme Mekkes, business development director at Chane. 'Because now is the time for interested parties to join…
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The Tulsa Fire Department (Oklahoma, USA) partnered with Holly Frontier Fire & HAZMAT to put out a fire at the AXEL Royal Oil & Grease facility in west Tulsa on 19 November. In a statement, AXEL Group CEO Johan Stureson said the fire started in the western part of the oil blending unit. The cause is still unknown.
The company reported initial assessments show that two oil blending and…
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Odfjell has announced the approval of a new expansion project at Odfjell Terminals Korea (OTK). The project comprises a new tank pit of ten tanks and will significantly broaden services and product handling capacity at the leading Ulsan terminal.
The project, named E5, will increase OTK’s capacity by 28% to exceed 400,000 m3. The 10 carbon steel tanks will be specially designed to store…
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Cashco has been acquired by May River Capital, a Midwest-based private equity firm.
Under the leadership of president Clint Rogers, Cashco has achieved impressive growth over the past several years. Rogers and the entire Cashco leadership team will continue to lead the organisation in their current roles.
Rogers says: ‘May River has significant sector expertise along with deep financial and…
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BBGI Public Company (BBGI) has partnered with Keppel, through its infrastructure division, and CleanEdge, by signing a memorandum of understanding (MOU) to jointly research and develop a bio-LNG (liquefied biomethane) project in Thailand.
Kittiphong Limsuwanroj, CEO of BBGI says: ‘This project aligns with BBGI's vision of fostering sustainable green innovations. The investment in bio-LNG…
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Gasum has signed a share purchase agreement for 100% of the shares in Hærup Biogas ApS, which owns and operates a biogas plant in the northern part of mainland Denmark.
Currently the plant mainly uses manure to produce approximately 40 GWh biogas which is used for power and heat production at the biogas plant itself and at local district heating company Klejtrup Varmeværk. Further, Gasum plans…
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Lloyd’s Register (LR) has signed a memorandum of understanding with Samsung Heavy Industries (SHI) for the joint development of a floating production, storage, and offloading (FPSO) system for green ammonia.
The FPSO process has been widely used in the oil and gas industries, but its application for ammonia is relatively new.
The unit will use renewable energy to provide power for…
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Ahead of speaking at NISTM Woodlands on 10-12 December, Becht’s Rafael Rengifo explores the company’s proactive approach to manage storage tanks
Storage tanks play a key role in the energy and liquids commodities supply chain. Diversity of products, business logistics needs and regulatory frameworks all make storage tank management programmes very complex.
The visibility and severity of…
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TotalEnergies, BP, Equinor and Shell have announced a commitment to invest in support of the UN Sustainable Development Goal 7 (UN SDG7), which aims to ensure access to affordable, reliable, sustainable, and modern energy for all. The four energy majors have come together with a $500 million (€473 million) joint investment commitment, intended to create positive energy access impact for people…
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Neste and Air Canada have signed an agreement for the supply of 60,000 tonnes of neat Neste MY Sustainable Aviation Fuel.
Neste will deliver the sustainable aviation fuel (SAF) blended with conventional jet fuel to the Vancouver marine terminal starting in December 2024, with further shipments throughout 2025. The Vancouver marine terminal has a direct pipeline connection to the fuel facilities…
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As part of its ambition to aim for near-zero methane emissions by 2030, TotalEnergies has deployed continuous, real-time methane emissions detection equipment on all its operated upstream assets.
This continuous detection plan will be fully implemented by end-2025 and will use existing and proven technologies such as loT sensors, InfraRed cameras, flowmeters and Predictive Emissions Monitoring…
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Control room officer at Navigator Terminals, Nicola Briggs, talks about her experience as a woman in tanks
Before accidentally entering the storage terminals industry around 13 years ago, Navigator Terminals control room officer, Nicola Briggs, was a mobile hairdresser. She recalls that whilst trying to set up her salon she saw an advert to work on a weighbridge. ‘I didn’t tell my dad, who…
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Topsoe is to provide Refinaria de Petróleo Riograndense SA (Riograndense) with its HydroFlex and H2bridge technologies for sustainable aviation fuel (SAF) and renewable diesel production at Riograndense’s Rio Grande renewable fuels plant in Brazil.
The production addresses the rapidly growing demand for SAF. As cited by the International Energy Agency’s Net Zero Scenario, over 10% of fuel…
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Stolthaven Terminals has received the EcoVadis gold rating for sustainability performance, recognising its environmental, safety, social, ethical, and governance practices in 2024.
The EcoVadis certification assesses a company's adherence to corporate social responsibility principles and the effectiveness of the company’s sustainability management system. The gold rating includes all wholly…
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In the presence of His Majesty King Willem Alexander of the Netherlands and His Majesty King Frederik of Denmark, INEOS and Royal Wagenborg have signed an agreement on the delivery of a new build CO₂ carrier. This vessel will be built by shipyard Royal Niestern Sander and marks a significant step towards carbon capture and storage (CCS) within the European Union.
The agreement marks the first…
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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/