News

Canadian pipeline operator TC Energy has reported its first quarter results for 2024 with a message from CEO François Poirier: 'Throughout the first quarter of 2024, TC Energy continued to safely and reliably deliver energy across North America, while maximizing the value of our assets through operational excellence. This resulted in approximately 11% growth in comparable EBITDA compared to…
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ADNOC has signed a 15-year Heads of Agreement (LNG agreement) with EnBW Energie Baden-Württemberg AG (EnBW), one of the largest energy companies in Germany, for the delivery of 0.6 million tonnes per annum (mmtpa) of liquefied natural gas (LNG). The LNG will primarily be sourced from ADNOC’s lower-carbon Ruwais LNG project, currently under development in Al Ruwais Industrial City, Abu Dhabi.…
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Exolum will invest €12 million in the construction of a new aviation fuel storage terminal and a new loading area for refuelling units at the Lanzarote airport, Spain. This new infrastructure will make it possible to offer better service to the various operators at the airport and maximise efficiency. The new facility will have a storage capacity of at least 6,000 m3, divided amongst three…
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VTTI is set to acquire Ancala's 50% share of Dragon LNG. The terminal consists of LNG receiving, storage, reliquefication, regasification and send-out facilities. The remaining 50% will be held by Shell. The Dragon LNG and Dragon Energy regasification terminal is one of three LNG terminals in the UK. The facility supplies up to 9 billion cubic metres to the UK's transmission system,…
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Trafigura Group and Greenergy have announced that Trafigura has expanded its agreement with Brookfield Asset Management and its listed affiliate Brookfield Business Partners to include Greenergy’s Canadian supply operations for an undisclosed sum. This complements Trafigura’s proposed acquisition of Greenergy’s European operations announced on 4 March 2024. The acquisitions are subject to…
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Sempra Infrastructure, a subsidiary of Sempra has reached a positive final investment decision for the development, construction and operation of the Cimarron wind project, the third phase of the Energía Sierra Juarez (ESJ) wind complex in California, USA. The Cimarron wind project will total approximately 320 megawatts (MW) of wind capacity, and the project is fully contracted under a 20-year…
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Singapore Polytechnic and Vopak have signed a memorandum of understanding (MoU) to collaborate on equipping the faculty members of the Singapore Maritime Academy with the knowledge and skills in the safe handling of new marine fuels. This partnership taps into Vopak’s existing expertise in the safe handling of these new marine fuels, including ammonia, biofuels, and methanol, to design a…
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His Excellency Saad Sherida Al-Kaabi, the Qatari Minister of State for Energy Affairs, chaired the Energy Sector’s 24th Annual Qatarization Review meeting in the presence of senior executives and representatives from the companies participating in the Energy Sector Strategic Qatarization Plan. In remarks opening the meeting, Al-Kaabi presented an overview of the Qatarization plan and its…
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The American Petroleum Institute (API) has released its annual 2023 Performance Report in coordination with the Liquid Energy Pipeline Association (LEPA), outlining the pipeline industry’s continuing record of safety performance and commitment to tackling evolving challenges – including improving pipeline community engagement, promoting workforce excellence and advancing a sustainable energy…
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While speaking on a panel sessions at OTC in Houtson, Texas, Petrobras' president Jean Paul Prates, declared that the oil and gas sector is a key piece in structuring the energy transition and boosting it on a large scale. For him, international cooperation between companies and governments and financial arrangements are essential to leverage decarbonisation and ensure greater energy efficiency,…
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Shell has officially integrated UAB-Online's innovative liquid bulk handling software into its sea shipping operations at Shell Energy and Chemicals Park Rotterdam, the Netherlands. This marks a significant step forward in Shell's optimisation journey. Shell and UAB-Online are eager to embark on this journey together, working towards a future that's not only safe and efficient but also…
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The EU has awarded €720 million to green hydrogen projects in the first European Hydrogen Bank (EHB) subsidy auction, aiming to bridge the gap between renewable hydrogen and fossil fuel equivalents. Seven green hydrogen projects with total electrolysis capacity of 1.5GW have been awarded a total of €720m. Each successful applicant will receive between €8m and €245m, depending on the bid…
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Topsoe, a global leader in carbon emission reduction technologies, has signed a contract with CF Industries, the world’s largest producer of ammonia, for the licensing and engineering supporting a front-end engineering and design (FEED) study of a new low-carbon ammonia plant in Louisiana. CF Industries is evaluating the project in collaboration with Mitsui & Co, one of the leading ammonia…
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Namibian Ports Authority (Namport) and Port of Antwerp-Bruges International have joined forces and signed a memorandum of understanding (MoU) to accelerate the hydrogen economy. The agreement was signed in the presence of King Philippe of Belgium, Dr Nangolo Mbumba, President of the Republic of Namibia, and Belgian Minister of Energy, Tinne Van der Straeten. Together, the two port authorities…
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Frederik Haentjens, COO at TankSkills, explains why the industry needs to be utilising AI vocational training   In today’s fast-evolving technological landscape, the tank storage industry faces a significant challenge: the departure of experienced professionals, creating a gap that is difficult to fill. Tank Storage Magazine recently spotlighted this issue and discussed how artificial…
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Terminal company Advario has joined the SOHAR Port and Freezone Net-Zero Alliance. SOHAR Port and Freezone is a deep-sea port and adjacent free zone in the Middle East, located in the Sultanate of Oman midway between Dubai and Muscat. The Net Zero Alliance was launched in November 2023, initially with 11 partners participating. This alliance aligns with the efforts of the Sultanate of Oman to…
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Leading environmental risk reduction and advisory services organisation Adler & Allan has announced that the private equity business at Goldman Sachs Alternatives will acquire a majority stake. The transaction is a key milestone in Adler & Allan’s mission to solve industries’ biggest environmental challenges from reducing pollution and preventing harm to the environment, to mitigating…
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Share your feedback on the Global Tank Storage Awards! Your feedback matters! As we strive to enhance our event experience, we are eager to hear your thoughts on how we can make the Global Tank Storage Awards even better. To better understand your preferences, we have prepared a quick questionnaire consisting of two questions. Click here to take the survey. We value your input in shaping the…
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A new LPG terminal is now operational in Teesside, UK, that will improve the security of the nation’s off-grid energy supply – providing up to 90,000 tonnes of LPG each year to homes and businesses across Northern England, Scotland and Northern Wales. Commissioned by Flogas Britain, alongside partners North Sea Midstream Partners (NSMP) and Exolum Seal Sands Ltd, the facility is set to…
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US LNG exports are a critical part of energy systems across Asia Pacific – and are needed to provide energy security and support the energy transition for decades to come The pause on pending LNG export approvals recently announced by the US government has the potential to have a profound and long-term negative impact on the Asia-Pacific region and the communities and economies within…
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