News
Burhani Engineers, an engineering company in Kenya, has made significant steps in the industry with the successful instalment of an automatic tank gauging solution in Ethiopia.
The project involved design, supply, installation and commissioning, and automatic tank gauging system, six new storage fuel tanks. Previously, the company have installed a similar piece of equipment for twenty tanks.
A…
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The Tank Storage Association's Peter Davidson shares his insights into the UK's bulk storage sector
The bulk storage and energy infrastructure sector plays a vital role in providing products and services that are critical to UK consumers. Tank storage infrastructure is an integral part of a complex web of global activities and supply chains including the extraction of raw materials and the…
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TotalEnergies has announced the start of production from the Anchor field, located in the US Gulf of Mexico, in which the company has a 37.14% interest alongside operator Chevron (62.86%).
Located 225 kilometres off the Louisiana coast, the Anchor development was launched in December 2019. It consists of a system of subsea wells connected to a semi-submersible floating production unit (FPU) with…
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US LNG importer Excelerate Energy has signed a term sheet with ITECO Joint Stock Company, a Vietnamese development firm, to co-develop a greenfield LNG import terminal in Haiphong, Vietnam. This project, called the the Northern Vietnam LNG Terminal (NVLT), made with an import capacity of 1.2 million tonnes per annum (mtpa), is to be developed in two phases. The first phase, with an estimated…
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GFI LNG, a diversified energy solutions company, and Pilot LNG a Houston-based clean energy infrastructure developer, have announced that they have formed a partnership to develop, construct, and operate a small-scale LNG terminal in Salina Cruz, Mexico.
At full build-out, the facility is anticipated to produce roughly 0.34 million tonnes per annum (MTPA). The partners anticipate operations to…
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Gasum is collaborating with Equinor on a series of liquefied biomethane (bio-LNG) bunkering operations in the Port of Dusavik, Stavanger, Norway. Gasum is bunkering ISCC-EU certified mass balanced bio-LNG to Equinor’s chartered platform supply vessel Island Crusader.
The first bio-LNG delivery was successfully carried out mid-July. Gasum will continue to supply Island Crusader with 2–3…
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VTTI has completed the acquisition of 50% of Dragon LNG Group Limited (also known as Dragon LNG). The other 50% of the terminal is owned by Shell. This follows the announcement of the intention to acquire the stake in the terminal from leading infrastructure manager Ancala.
As part of VTTI’s Strategy 2028, VTTI is building on its foundation as an energy storage and service terminal operator at…
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NextDecade has announced its subsidiary Rio Grande LNG Train 4, LLC, has executed a lump sum turnkey engineering, procurement and construction (EPC) contract with Bechtel Energy for the construction of Train 4 and related infrastructure at the Rio Grande LNG Facility.
Rio Grande LNG Train 4 agreed to pay Bechtel approximately $4.3 billion (€3.9 billion) for the work under the EPC contract for…
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The new six-month delay to the Golden Pass LNG Terminal LLC planned start-up in Texas will remove a fair amount of new supply from the market in a period of intense growth, shifting the surge from 2026 to 2027 and impacting both the global and North American gas markets, according to analysis from Wood Mackenzie.
Mark Bononi, principal of North America Gas and LNG asset research at Wood…
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Cheniere Energy have announced today that its subsidiary Cheniere Marketing, LLC, entered into a long-term liquefied natural gas (‘LNG’) sale and purchase agreement (‘SPA’) with Galp Trading S.A. (‘Galp’), a subsidiary of Galp Energia, SGPS, S.A.
Under the SPA, Galp has agreed to purchase approximately 0.5 million tonnes per annum (‘mtpa’) of LNG for 20 years from Cheniere…
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ADNOC has announced the signing of a long-term Heads of Agreement (LNG agreement) with Osaka Gas, one of the largest utility companies in Japan, for the delivery of up to 0.8 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG).
The LNG will primarily be sourced from ADNOC’s lower-carbon Ruwais LNG project, which is currently under development in Al Ruwais Industrial City,…
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United Molasses Group, the owner of bulk liquid storage specialist UM Terminals, has announced two key appointments. Current UM Terminals managing director Phil McEvoy becomes UM Group terminals director, with commercial director Vic Brodrick replacing him as MD of GB Terminals.
Brodrick will be responsible for all aspects of the GB Terminals business, supported from an asset management and…
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TotalEnergies has signed an agreement to sell its 50% stake in Total PARCO Pakistan (TPPL) to Gunvor Group, a leading global commodities trading company. The transaction reflects the selective strategy of TotalEnergies in Marketing & Services focused on core geographies with growth and transitioning opportunities.
TPPL is a 50/50 joint venture between TotalEnergies Marketing and Services and…
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Firefighters helped put out a fire at an oil storage tank near the corner of Eagle Rd in the Double Bayou community south of Anahuac, Chambers County, Texas. The tank, containing crude oil, was reportedly struck by lightning, and took several volunteer groups to put out.
Prior the incident, there had been reports of a thunderstorm, and lighting in the area.
The fire is now safely out and there…
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Evos (through Evos Finance B.V.) has announced that it has successfully completed a €950 million debt raise, refinancing a major part of its current debt facilities under its existing loan conditions, achieving a more staggered, diversified, and long-term maturity profile.
The refinancing was executed with a mix of US Private Placement Notes and Bank debt. As part of the process Evos obtained…
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Australia's Northern Territory Government and Vopak have signed a memorandum of understanding (MoU), to develop a common-user infrastructure including a CO2 import terminal in the Middle Arm Sustainable Development Precinct - Northern Territory, Australia. The MoU frames how the government and Vopak will cooperate to progress the development of common user CO2 import, storage and handling…
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Woodside has entered into a binding agreement to acquire 100% of OCI Clean Ammonia Holding and its lower carbon ammonia project in Beaumont, Texas for an all-cash consideration of approximately $2.4 billion (€2.1 billion). The project is under construction and targets production of first ammonia from 2025 and lower carbon ammonia from 2026. The consideration is inclusive of capital expenditure…
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Argentina’s state run oil company, YPF and Malaysia’s Petronas will invest $30 billion (€27 billion) in an LNG export project in the Patagonian province of Río Negro.
With the plant in Sierra Grande, Río Negro, the association would become the fifth global LNG producer, and would be one of the most important private initiatives in the history of the country. YPF's board of directors…
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Technology group Wärtsilä has signed a 16-year Lifecycle Agreement with Seapeak Maritime (Glasgow), one of the largest independent owner-operators of liquefied gas vessels. The contract covers ten LNG carriers and is an extension of an earlier Wärtsilä Lifecycle Agreement for these vessels.
The global demand for LNG is rising, which is driving a need for fewer maintenance interventions in…
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GTT has announced it has received two orders from its Korean partner HD Korea Shipbuilding & Offshore Engineering (HD KSOE) to design the cryogenic fuel tanks for 12 new LNG fuelled container vessels on behalf of CMA CGM, a global leader in sea, land, air and logistics solutions.
Under these new orders, HD Hyundai Heavy Industries (HHI) and HD Hyundai Samho (HSHI) will each build six…
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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/