News

Cyann Fielding speaks to iSensPro about its gold win for Emerging Technology at the Global Tank Storage Awards 2023   Sensor Technology plays a crucial role in the bulk liquid industry by providing accurate and real-time data about various parameters related to the storage, transportation, and handling of liquids in large quantities. These sensors monitor and control important factors such…
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https://vimeo.com/880493531/ca632d75e1?share=copyAnamika Talwaria speaks to Emerson's Christopher Hoffmann about being one of StocExpo 2023's 40 Under 40 winners. /*! elementor - v3.17.0 - 01-11-2023 */ .elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading…
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Kinder Morgan has announced that it has agreed to acquire NextEra Energy Partner’s South Texas assets, STX Midstream, US for $1.815 billion (€1.7 billion). The STX Midstream pipeline system includes a set of integrated, large diameter high pressure natural gas pipelines that connect the Eagle Ford basin to key growing Mexico and Gulf Coast demand markets. STX Midstream includes a 90%…
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The most important event for the global tank storage industry will return to the Rotterdam Ahoy, 12 – 13 March 2024. Registration is now open for StocExpo 2024, the internationally recognised meeting-place for 3,700+ tank storage and energy infrastructure professionals. In partnership with the Federation of European Tank Storage Associations (FETSA), the conference and exhibition will feature…
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Clean energy finance company EDI Capital explains how introducing on-site renewable projects could offer the best return on investment when it comes to offsetting emissions at the terminal     Carbon offset programs are now standard practice for oil and gas companies, but traditional approaches like purchasing renewable energy certificates (RECs) or investing in carbon projects…
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BP has successfully started production from the Seagull oil and gas field in the UK North Sea, boosting energy supplies, supporting the supply chain and jobs, and underpinning continued production from an offshore facility that’s been operating for 25 years. Seagull has been developed by Neptune Energy as a subsea tieback to the BP-operated central processing facility (CPF) of the Eastern…
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Wärtsilä has engineered, delivered, and installed the biogas upgrading solution to a new biogas 17 tpd liquefaction plant in Hjørring, Denmark. The contract was awarded to Wärtsilä in 2022, and the official start-up took place in June 2023. The facility is one of two biogas plants owned and operated by GrønGas A/S in Denmark. The other plant, located in Vrå, also features a Wärtsilä…
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QatarEnergy LNG has delivered the 1,000th LNG shipment to the South Hook LNG Terminal at Milford Haven in the United Kingdom. The landmark delivery was made by the Q-Max LNG carrier Mozah, which already has another landmark achievement to its name: the 10,000th LNG cargo from Ras Laffan Port in 2006. Commenting on this occasion, Saad Sherida Al-Kaabi, the minister of state for energy affairs,…
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TerraVest has announced that it has entered into an agreement to acquire all the assets of the subsidiaries of Highland Tank. Based in Stoystown, Pennsylvania, Highland Tank is a leading manufacturer of fuel and chemical storage tanks, LPG vessels and other custom-built steel storage products in North America. The total purchase price was  $78 million (€73.3 million). As part of the…
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Chesapeake Energy Corporation and Vitol have entered into a Heads of Agreement with Chesapeake Energy Marketing, a subsidiary of Chesapeake Energy Corporation. Under the HOA, Chesapeake will supply up to 1 million tonnes of LNG per annum to Vitol with the purchase price indexed to Japan Korea Marker for a period of 15 years. Following the execution of the HOA, Chesapeake and Vitol will jointly…
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Tank storage specialist John Cornell explains why tank bottom corrosion occurs and how to prevent it. A corrosion professional or expert is defined by the products they have worked with, the climates they have worked in and the locations they have worked at. ‘There is a great difference in corrosion scenarios around the world and corrosion is such an important topic. The question often comes…
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Mark McAllister has been announced as the next chair of Ofgem - strengthening the government’s work to build a more secure and affordable energy system. He will take up the role at an important time for regulator Ofgem as they work to reform the energy market to best serve consumers. He will also work closely with the government to support more households to move towards cleaner, cheaper…
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Exxon Mobil has announced it has closed its acquisition of Denbury in an all-stock transaction valued at $4.9 billion (€4.6 billion), or $89.45 (€84.11) per share, based on ExxonMobil’s closing price on July 12, 2023. Under the terms of the agreement, Denbury shareholders will receive 0.84 shares of ExxonMobil for each Denbury share. Chairman and CEO at ExxonMobil, Darren Woods says:…
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IMTT has announced that it has sold the company’s bulk liquids storage terminals located in Alamogordo, NM; Bremen, GA; Macon, GA; Montgomery, AL; and Moundville, AL to JET Infrastructure. These terminals collectively represent approximately one million barrels of storage capacity, leaving IMTT with 41 million barrels of storage capacity at its terminals on the East, West, and Gulf Coasts and…
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https://vimeo.com/878612006/91e905d55b?share=copyExecutive summaryAs adverse weather conditions around the world become more frequent, storage terminal operators must protect their assets and ensure they're up to code. Hosted by Tank Storage Magazine, industry experts cover:• New regulations relating to seismic load and design codes• Fitness-for-service of storage tanks under design ground…
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Emerson has announced its innovative new Fisher Whisper Trim Technology for use in both rotary and globe valves, providing an extension to Emerson’s current portfolio of Whisper noise solutions. This next generation of Fisher Whisper Trim technology addresses noise issues by using additive manufacturing and other advanced techniques to create trim designs with increased capabilities. The…
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Aker Carbon Capture has been awarded a feasibility study by TES, to explore the implementation of a carbon capture plant at a waste-to-energy facility in Germany. The planned capture capacity will be 400,000 tonnes CO2 per year. The captured CO2 will be transported by railcar to the TES facilities at Wilhelmshaven in Northern Germany to produce e-NG, which is electric natural gas derived from…
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[caption id="attachment_31404" align="alignleft" width="300"] Pipelines leading to an oil refinery[/caption] On Friday 27 October, His Majesty the King Willem-Alexander of the Netherlands performed the official ceremony to start work on the construction of a national hydrogen network in the Netherlands. The ceremony took place on the building site of Gasunie subsidiary Hynetwork Services in the…
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South Australian energy infrastructure developer, Venice Energy and one of Australia’s leading energy providers, Origin Energy (Origin), have agreed on a structural framework that will underwrite the commercial viability of the Outer Harbor LNG import terminal to be built at Port Adelaide, Australia. The agreement comes 18-months after the project was approved by the South Australian…
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TIW Steel Platework’s general manager, Daniel Wigmore, speaks to Tank Storage Magazine about the company’s long industry experience and projects. TIW Steel Platework was founded in 1907 under the name Toronto Iron Works. Its history is tied with the pioneering of Canada’s petroleum industry. The company was originally founded along Toronto’s waterfront by Albert Leroy Ellsworth, who…
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