News

QatarEnergy and TotalEnergies have partnered for a solar power project that is part of the Gas Growth Integrated Project (GGIP) in Iraq. QatarEnergy will acquire a 50% interest in the solar photovoltaic (PV) project, while TotalEnergies will retain the remaining 50%. This project will consist of 2 million high-efficiency bifacial solar panels, mounted on single-axis trackers. Upon its…
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Wood has been awarded the front-end engineering design (FEED) contract for the development of Singapore’s second liquefied natural gas (LNG) terminal by Singapore LNG Corporation (SLNG). More than 95% of electricity in Singapore is generated from natural gas. With an estimated 5 million tonnes per annum of additional capacity to come from this expansion, the new terminal will further enhance…
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Serica Energy has announced that the production of the Triton floating production storage and offloading (FPSO) in the North Sea, has been interrupted, due to a problem with the single gas compressor in operation. A potential dry gas seal failure was identified in the ‘A’ gas compressor during operations on 26 October. This did not result in a leak of hydrocarbons. The FPSO operator, Dana…
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SEFE and ConocoPhillips have entered a long-term natural gas agreement, under which first gas deliveries have been completed. Over the next 10 years, ConocoPhillips will deliver up to 9 billion m3 of natural gas from their European portfolio, to SEFE at various trading hubs across Europe. ConocoPhillips has a large European supply portfolio, including Norwegian natural gas production and LNG…
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Cemex and Linde are to receive €157 million in funding from the EU Innovation Fund for a CO2 capture project at Cemex’s Rüdersdorf Cement Plant in Germany. The project aims to capture 1.3 million tonnes of CO2 per year from Rüdersdorf’s cement production, decarbonising the site by 2030. Sergio Menéndez, president of Cemex Europe, Middle East, Africa & Asia says: ‘While we are…
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Alfa Laval has signed a memorandum of understanding (MoU) with Topsoe, the company announced on LinkedIn. The companies will enter a long-term partnership to develop cost-competitive and energy-efficient components and solutions to speed up the commercialisation of hydrogen and Power-to-X processes.   As a global leader in carbon emission reduction technologies for producing clean fuels and…
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Neste has withdrawn investment in a 120 MW electrolyser project, to produce renewable hydrogen at its Porvoo refinery in Finland. The decision follows the completion of the basic engineering phase, which commenced in May 2023. The reasons behind the withdrawal are the company’s challenging market conditions and financial performance, requiring critical assessment of any new…
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Trafigura has acquired of 50% of the shares in Meroil Tank SL from the oil operator Meroil SA for an undisclosed sum. Meroil Tank will now operate as a 50/50 joint venture company with assets that include 356,000 m³ of refined oil products storage infrastructure within the port of Barcelona, Spain. The company will continue to serve its current as well as future customers to store refined oil…
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Port of Amsterdam and Port of den Helder have signed a letter of intent to further investigate the value of cooperation between the two ports. The energy transition and offshore wind activities in both ports can benefit from this, contributing to the Netherlands’ national climate targets. The two ports in North Holland have a good starting position for offshore wind and the generation of…
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To gauge market interest and understand customer demand, Vopak is launching a Market Consultation for Interest (MCI) for ammonia storage at Vopak Energy Park Antwerp. The initiative will begin on 24 October, and will run for one month, concluding on 29 November, 2024 at 16:00 (CET). The objective of this MCI is to understand interest in the project through gaining insights into the ambitions and…
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https://vimeo.com/1027316895?share=copyMark Waddington from Channoil Energy explores how evolving trade routes in the wake of geopolitical tensions have impacted flows across the world Share this article: Videos OnDemand
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I Squared is to acquire Philippines Coastal Storage & Pipeline, and its affiliate entities. Based in the Subic Bay Freeport Zone, Philippines, and serving the Luzon Economic Corridor, Philippines Coastal is the largest independent import terminal in the Philippines. With a capacity of 6.3 million barrels (42,770 m3) Philippines Coastal houses over 20% of the country’s import storage…
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Neste and Braskem, the largest producer of thermoplastic resins in the Americas, have reached an agreement for the supply of renewable and recycled feedstocks for polymers and chemicals production. Braskem products based on these feedstocks are expected to be available on the market starting from the fourth quarter of 2024. These products will be sold mainly in South America and included in…
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Chane is working with government and business partners to create a new hub for CO2 transshipment with the purpose of carbon capture and storage (CCS) in Duisburg, Germany. This hub will help German companies transport captured CO2 to subsea storage facilities in the Netherlands, or further offshore in the North Sea. Sander van Kersbergen, a member of Chane’s business development team says:…
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The Bundesnetzagentur (Germany’s regulatory office for electricity, gas, telecommunications, post and railway markets) has approved the hydrogen core network, proposed by gas transmission system operators. The hydrogen core network is intended to reach hydrogen consumption and production regions in Germany, and then connect central locations, such as large industrial centres, storage…
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Vopak is collaborating with WinGD to evaluate ammonia as a clean fuel, the company announced on LinkedIn. Vopak says: ‘We're thrilled to announce a new collaboration between Vopak in Singapore and WinGD to power the future of sustainable energy. We will work together to evaluate ammonia as a clean fuel for power generation, leveraging the expertise of both partners, Vopak’s robust ammonia…
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Advario, VFlowTech, and JTC have signed a memorandum of understanding (MoU) to collaborate on scaling up vanadium redox flow battery (VRFB) capacity for clean energy storage on Jurong Island, Singapore. Bas Verkooijen, CEO at Advario says: ‘This project showcases Singapore’s leadership in building strong public- private partnerships to push boundaries and accelerate the energy transition on…
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Port Tarragona’s commercial coordinator, Jordi Angles, looks at how the Mediterranean is perfectly positioned to support the energy transition All the disruptions we have experienced as a society since 2020 have led to an enormous acceleration towards the energy transition. This has had a considerable impact on all port facilities. Ports are currently experiencing a twin panorama. While the…
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https://vimeo.com/1026522007?share=copyJoin Editor Anamika Talwaria and Portfolio Director Margaret Dunn as they reminisce about the last 20 years of Tank Storage Magazine.  Share this article: Videos OnDemand
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The 11th International LNG Congress brings up regulatory challenges and perspectives, gathering key players of the LNG market at the panel discussion. Industry leaders are going to discuss how businesses can adapt to the evolving policies and explore the sustainable future. LNGCON 2025 aims to foster dialogue and uncover new solutions on 10-12 March in Amsterdam, the Netherlands. The 11th…
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