News

Carbon capture and storage project development and finance company, Carbonvert and operators, mineral buyers, and landowner, Castex Energy (through subdisary Castex Carbon Solutions) have announced the execution of an operating agreement with the State of Louisiana, USA to develop a 24,000 acre (97 million m2) of land situated in State waters, offshore Cameron Parish, to permanently store…
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FETSA’s executive director Ravi Bhatiani discusses the links between geopolitics, future fuels, and the digital transformation of the energy industry IT IS a time of multiple transitions. The energy transition continues to be a top priority and FETSA has been working across multiple files related to taxation, incentivisation of hydrogen take up, the future of e-fuels and reduction of carbon…
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LBC Tank Terminals has announced a collaboration with Shell Chemicals for the storage of pyrolysis oil derived from plastic waste in the Port of Rotterdam. Strategically located in the key European logistical hub, LBC’s Rotterdam terminal plays an essential role in supporting the chemical industry and sustainable innovation by offering the required infrastructure and expertise in efficient…
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A new liquefied natural gas (LNG) terminal at Mukran on Ruegen Island in the German Baltic Sea should be operational from the first quarter of 2024, Gascade, the pipeline firm building its onshore connection, has announced. Suppliers have booked 4 bcm of capacity for 10 years per annum at Mukran, where the company wants to pull together two floating storage and reception units (FSRUs) for…
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Star Energy Advario CEO and VP of Advario Middle East, Andrew Drayton, tells Tank Storage Magazine about the Dubai terminal [caption id="attachment_38307" align="alignleft" width="300"] Andrew Drayton. Star Energy Advario, VP, Middle East[/caption] Star Energy Advario (SEAD) is a 50/50 joint venture between the Star Energy Group and Advario, an independent storage provider based in the…
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JX Nippon has announce that the Petra Nova carbon capture facility of the Petra Nova project, owned by Petra Nova Parish Holdings (a subsidiary of JX Nippon Oil & Gas Exploration Corporation) as restarted operations. The project, which has been shut down since May 2020, restarted operations on September 5, 2023. The Petra Nova CCUS project, which captures CO2 from the flue gas of a thermal…
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[caption id="attachment_31404" align="alignleft" width="300"] Pipelines leading to an oil refinery[/caption] The US Department of Transportation's Pipeline and Hazardous Materials Safety Administration (PHMSA) has awarded $14.8 million (€13.8 million) in grants for pipeline safety training and technological research. The grants, authorised under the 2020 Protecting Our Infrastructure of…
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Insights from Argus’ latest webinar on the progress across different areas of policy, demand and project advancement and the outlook for the hydrogen sector. Argus Media recently held a webinar, hosted by Argus colleagues Aftab Siddiqui, senior product marketing manager, Tim Hard, SVP energy transition business development and editor Stefan Krümpelmann. The webinar included discussions on…
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[caption id="attachment_31698" align="alignleft" width="300"] Liquid Natural Gas storage tanks and tanker at dusk, Port of Rotterdam[/caption] Vopak has announced that it has reached an agreement with Infracapital on the sale of its three chemical terminals in Rotterdam (Botlek, TTR and Chemiehaven) for a total purchase price of €407 million including a conditional deferred payment of €19.5…
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AntwerpXL, the world’s only event dedicated exclusively to breakbulk, project cargo and heavy lift, will be full of opportunities to network and do business when it opens its doors from 28 – 30 November 2023. There will be a series of networking opportunities and bonding activities at this year’s AntwerpXL, kicking off with an opening ceremony on the first day. On the morning of day two,…
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Cesar Espinoza and Veronica Dominguez at Rosen USA break down the essentials for ensuring smooth and effective data management and integrity Data management refers to the process of collecting, organising and storing large amounts of data in such a way that it can be useful and easy to access, navigate, and analyse. Facilities owners and operators now have more access to mechanical integrity…
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Nick Waple, senior engineer at Wood Plc, gives Tank Storage Magazine an exclusive preview of his talk at the Hydrogen Technology Expo and how this relates to tank storage professionals [caption id="attachment_38291" align="aligncenter" width="382"] Hydrogen Technology Expo[/caption] The offshore pipeline industry is facing some key challenges when it comes to transporting hydrogen at high…
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  [caption id="attachment_31629" align="alignleft" width="300"] Source: Carbon Herald, https://carbonherald.com/epa-prepares-to-demand-carbon-capture-on-new-natural-gas-power-plants/, https://creativecommons.org/licenses/by-sa/3.0/[/caption] Eni announces that its subsidiary in the United Kingdom (Eni UK) has been awarded a Carbon Dioxide Appraisal and Storage Licence (CS Licence) by the…
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Producer of ammonia and methanol, OCI Global has announced an agreement to offtake green hydrogen from New Fortress Energy ZeroParks beginning in 2025. The agreement will allow OCI Global to significantly scale up green ammonia production capacity to approximately 160,000 tons (145,000 tonnes) per year in Beaumont, Texas, US. This agreement follows the 100-megawatt (MW) electrolyzer system…
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GE Vernova’s digital business has announced release of CERius, a carbon emissions management software designed to help energy companies progress toward their net-zero goals using data precision and abatement planning capabilities. CERius is designed to enable organisations to more accurately measure, manage, and operationalise certain insights needed to help companies track their carbon…
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Chevron has acquired a majority stake in the world's largest proposed storage facility for hydrogen from renewable energy. U.S. majors Chevron and Exxon Mobil are rushing to lower production costs and bring scale to the technology as part of their lower carbon fuel strategy. Chevron bought the stake in ACES Delta from private equity firm Haddington Ventures. The Delta, Utah, project last year…
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BP plans to invest up to €10 billion in low-carbon fuels, renewables and EV charging in Germany by the end of the decade to rival local power firms, as competition over the energy transition of Europe's largest economy intensifies. Germany is one of a handful of countries BP is targeting to roll out at scale its strategy to shift away from fossil fuels towards low-carbon fuels and…
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The European Parliament adopted the ReFuel EU Aviation Regulation. This follows the adoption of the Renewable Energy Directive (EU RED III) on September 12. Neste welcomes the enhanced ambition these two pieces of climate and energy legislation set out. Both will now enter into force in the coming weeks. The EU RED III will later be incorporated into law in the EU Member States, while the ReFuel…
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Tank Storage Magazine speaks to it's Autumn edition front cover sponsor, V-Tank Storage SA, about its global sites. ‘We are an independent storage company for bulk liquid products, focused on the marketing, renting in and renting out storage capacity at bulk liquid terminals,’ says Ulf Vleeshouwers founder, chairman and CEO of V-Tank Storage SA. With more than 52 years of experience in the…
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Supplier of CO2 pumps, Svanehøj has announced that the world's three largest dedicated CO2 ships are now on its reference list. Northern Lights (a joint-venture of Shell, Equinor, and TotalEnergies) is increasing its CO2 shipping capacity with its third LCO2 carrier and has chosen Svanehøj to supply the cargo pump system. The three ships are the world's largest of their kind, and the order…
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