News
Exolum is to build a new storage terminal for biofuels and other bulk liquid products in the Port of Bilbao, Spain, on a plot adjacent to its facility in Zierbena. The first phase of the project, with a planned investment of €20 million, will start in 2025 and is expected to be operational in 2027. It will also expand the company’s service portfolio and its capacity for product storage and…
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ROSEN was awarded first place in the Innovation and Technology category of the Iconic Supplier with Inclusive and Sustainable Energy, which is presented by ECOPETROL.
ECOPETROL, the leading and largest oil company in Colombia, presents this award to acknowledge suppliers who demonstrate commitment to sustainable development through the design of innovative products or services and exemplary…
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EU lawmakers have adopted the Net-Zero Industry Act (NZIA), a regulation aimed at strengthening the resilience and competitiveness of net-zero technologies manufacturing in the EU, and make the Union’s energy system more secure and sustainable.
The Act sets an overall benchmark for the manufacturing capacity of strategic net-zero technologies to meet at least 40% of the EU’s annual…
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Neste has further expanded its capability to supply sustainable aviation fuel to customers in Europe in cooperation with VTTI, a global leader in energy storage and developer of energy infrastructure. Neste commissioned terminal capacity at VTTI’s ETT terminal in Rotterdam, the Netherlands, for the storage and blending of Neste MY Sustainable Aviation Fuel. The terminal is located in one of the…
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Korea Middle Power Co (KOMIPO) and Vitol have agreed to extend an existing long-term LNG Supply and Purchase Agreement (LNG SPA), originally signed in 2011. Deliveries commenced in 2015, with Vitol supplying KOMIPO with over 4 million tonnes of LNG over 10 years. Under this extension agreement, Vitol will continue to supply KOMIPO with LNG. From 2025 to 2028 Vitol will supply three cargoes per…
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Technip Energies' floating production storage and offloading unit (FPSO) has safely arrived at the Greater Tortue Ahmeyim (GTA) field off Africa’s west coast, operated by bp.
The FPSO measures 270 meters long, 54 meters wide, and 31.5 meters high. It is as large as two football fields and as high as a 10-storey building. The FPSO includes eight processing and production modules and can…
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Leading energy companies Equinor, Centrica and SSE Thermal have launched plans for a collaboration of multiple low carbon hydrogen projects on the north bank of the Humber which also link to wider plans within the region.
The plans, which include the transformation of the Easington gas terminal, were launched yesterday in the Houses of Parliament to an audience of MPs, civil servants, industry…
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OMV Petrom has commissioned a new crude oil tank on the Petrobrazi refinery platform. The tank has been designed and built according to the latest standards in the field for increased safety. It features double walls and a double base, an aluminium dome cover, and an inner floating lid to retain vapour emissions. The construction of the project took approximately two years, with investments…
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The European Council has announced a new regulation establishing rules for renewable and natural gases, and reforming the existing EU gas legislation.
The new rules will help in making the shift to renewable and low-carbon gases, in particular hydrogen, with a view to achieving the EU’s decarbonisation targets.
The gas package outlines rules for the natural gas market and establishes a…
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Arabian Chemical Terminals in Abu Dhabi (ACTAD) is has announced the start of operations at its newly built chemical tank storage terminal in Khalifa Port, Abu Dhabi, UAE. The terminal is the first commercial chemical tank farm of its kind in the Emirate.
Strategically located in the new world class Khalifa Port and adjacent to the Khalifa Economic Zone Abu Dhabi (KEZAD), ACTAD aims to…
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The Trans Mountain pipeline expansion project has been completed in Canada and commenced commercial operations. The expansion project cost $30.9 billion (€28 billion) and involved laying 980 km of pipe alongside the existing 1,150 km route.
First commencing operations in 1953, the new expansion was completed in the third quarter of 2023, and commercial operations began in May 2024 with the…
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ACME Cryogenics, part of OPW Clean Energy Solutions, has completed development of new 6” and 8” valve sizes for its Model CV Valve product line. The global investment and growth in hydrogen infrastructure has compelled many companies to develop larger-scale production and storage equipment, which requires larger components. Therefore, the creation of these new valve sizes in the CV Valve…
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JERA has announced its new growth strategy that integrates strategic business pillars and organisational edge, marking a realistic pathway towards 2035, and ultimately its 2050 zero emission goals. Amidst complex and rapidly changing global energy dynamics, JERA’s new growth strategy ensures the agility and efficiency further solidifying its leadership in solving energy trilemma, achieving…
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Shares of Brazil’s state-owned oil company Petrobras Petroleo Brasileiro SA (Petrobras) have dropped after President Luiz Inacio Lula da Silva fired CEO Jean Paul Prates following a dispute over dividend payments.
Petrobras said in a statement on 14 May that Prates is expected to officially resign at an upcoming board meeting. The decision comes after months of tension after Prates refused to…
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Air Liquide has opened its largest hydrogen refueling station in Japan, located in Mitomiya, Fukushima prefecture, marking a huge step in hydrogen mobility. This refuelling station is strategically located near a major logistics cluster and will enable the deployment of large fleets of delivery trucks. The station will be operational 24/7 and is equipped with two dispensers.
CJPT (Commercial…
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The US Department of Energy facility, National Carbon Capture Centre (NCCC), has finalised an agreement welcoming Chevron as the project’s newest industrial member. Chevron joins BP, ExxonMobil and TotalEnergies as NCCC Industrial Advisory Committee members, along with AEP, ClearPath, EPRI, NRECA, TVA and Wyoming ITC.
The NCCC’s private-industry membership now includes four of the world’s…
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At least one person was killed and four others were injured after a huge fire broke out at a chemical storage tank in an Eastern Thailand industrial park on Thursday 8 May. The fire in Mab Ta Phut Industrial Estate, which was first reported in the morning, was contained more than six hours later. Fire workers estimated it might take more than 10 hours to be able to fully extinguish the flames,…
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ExxonMobil has brought in QatarEnergy as its new partner in two exploration blocks off the coast of Egypt. QatarEnergy has acquired a 40% participating interest in the Cairo and Masry concession agreements, while ExxonMobil will retain the remaining 60% operated working interest in the exploration blocks. Covering an area of approximately 11,400 square km in water depths of 2,000 to 3,000 m,…
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Climate Impact Corporation (CIC) today announced a non-binding agreement with GE Vernova’s Power Conversion business (GE Vernova) to lay out their intentions to collaborate on a design for the possible future deployment of highly efficient green hydrogen production modules, with the objective of achieving a $2 per kg (€1.86 per kg) production price for green hydrogen. CIC will be assisted by…
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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/