News
Handler and storage of bulk liquid products, IMTT has announced that ITT Holdings has successfully amended its existing revolving credit facility to include incentive pricing terms related to achieving various sustainability performance targets.
The facility represents the company’s inaugural sustainability-linked loan and is issued under IMTT’s recently developed sustainability linked…
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Carbon capture company, Aker Carbon Capture and integrated energy and chemicals companies, Aramco, have signed a memorandum of understanding (MoU) to explore partnership opportunities to deploy carbon capture, utilisation and storage (CCUS) and industrial modularisation in Saudi Arabia.
The MoU is expected to focus on carbon emissions reduction and removal through CCUS from industries and energy…
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Odfjell Terminal Korea (OTK) has successfully supplied 1,000 metric tonnes of green methanol to Maersk's newly built container vessel. The methanol dual-fuel engine vessel bunkered the special fuel at Odfjell's terminal in Ulsan, Korea, before embarking on her maiden voyage towards Copenhagen, Denmark, where she will be officially named in September.
'We congratulate Maersk on this important…
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Hy2gen, global producer of renewable hydrogen and hydrogen derivative plants, is planning to construct a 200 MW renewable ammonia production plant in Campeche, Mexico.
The project, named Marengo, is expected to initially produce 180,000 tonnes of renewable ammonia annually for customers in the European Union. Ammonia has great potential to help decarbonise heavy industry and…
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Alkion Terminal Santander has announced the installation of a brand new, more efficient boiler. This sustainable innovation benefits the environment, business and its customers.
By adopting lower-carbon heating alternatives, Alkion is taking climate action while improving the efficiency of its terminals.
In 2022 the Alkion terminal on the north coast of Spain welcomed a new boiler that uses…
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On 10 July, a large fire broke out at Aftab's Bandar Abbas refinery in southern Iran. It is the second largest refinery in Iran.
As the blaze developed, two of the five neighbouring tanks exploded and eight firefighters sustained superficial injuries. The fire was completely extinguished within three hours.
Unsafe operation of a truck transporting crude oil materials during a period of…
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Nova Transportadora do Sudeste (NTS) has become the latest Latin American pipeline company to select Atmos for its natural gas transmission network.
[caption id="attachment_31404" align="alignleft" width="300"] Pipelines leading to an oil refinery[/caption]
The NTS network is made up of more than 2,000 km of pipeline and has the highest capacity of all pipelines in Brazil, with a transport…
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Port of Newcastle has announced 30 supporting partnerships will underpin its advancement towards a clean energy economy in the Hunter region, Australia.
The partnerships complement the backing of the Commonwealth Government, with the Port securing a $100-million (€61.20 million) funding grant in the 2022 federal budget for the Clean Energy Precinct.
Memorandum of understanding (MoU)…
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BASF and Yara Clean Ammonia are collaborating on a joint study to develop and construct a world-scale low-carbon blue ammonia production facility with carbon capture in the U.S. Gulf Coast region.
The companies are looking into the feasibility of a plant with a total capacity of 1.2 to 1.4 MTPA to serve the growing global demand for low-carbon ammonia.
Magnus Krogh Ankarstrand, president of…
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Exxon Mobil has announced it has entered into an agreement to acquire developer of carbon capture, utilisation and storage (CCS) solutions and enhanced oil recovery, Denbury.
Combined assets and capabilities further accelerate ExxonMobil’s Low Carbon Solutions business and create a further customer decarbonisation proposition. Leading CCS network underpins ExxonMobil’s commitment to low…
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The US Environmental Protection Agency (EPA) has issued a proposal to amend reporting requirements for petroleum and natural gas systems under EPA’s Greenhouse Gas Reporting Program.
The proposed revisions would improve the accuracy of reported emissions of greenhouse gases (GHG), including methane, one of the primary drivers of the climate crisis, from applicable petroleum and natural gas…
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ADNOC and Baker Hughes have announced a partnership for next-generation electrolyzers and technology that can split methane into low-carbon hydrogen and graphene. At UAE Climate Tech, ADNOC agreed to develop and deploy Baker Hughes’ innovative hydrogen technology portfolio by exploring its application across its operations.
As part of ADNOC's $15 billion (€13.5 billion) allocation towards…
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Meet Jimmy Lindgren, partner at Heimdall Terminals, and one of StocExpo 2023's Forty Under 40.
Can you give us a brief outline of your career to date?
Jimmy: In 2017, I entered the oil and gas industry, leveraging my previous experience in fundraising in different sectors. Since a young age, I have been deeply fascinated by the oil and gas industry, recognising its significant role as a…
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Navigator Terminals has revealed a concept model of its CO2 multi-modal hub. Partnering with Enfinium, the hub would enable CO2 transport and handling from dispersed emitters.
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Borealis has announced the successful completion of a major upgrade to its steam cracker operations in Stenungsund, Sweden.
The seven-year construction project is a resounding success with respect to health, safety, and the environment (HSE), with no major accidents and no process safety incidents whatsoever.
'Our very highest priority in the Stenungsund furnace revamp was to achieve a stellar…
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On the recommendation of the Supervisory Board and following the positive opinion of the Works Council, the Minister of Finance has appointed Willemien Terpstra as CEO and Chair of the Executive Board of N.V. Nederlandse Gasunie. The appointment starts on 1 March 2024 and will be for a term of four years.
Currently, Terpstra is currently global vice president for decarbonisation with…
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Patrick Pouyanné, chairman and CEO of TotalEnergies, and Toufik Hakkar, chief executive officer of Sonatrach have signed several agreements to strengthen the cooperation between the two companies.
Under the first agreement is for Sonatrach and TotalEnergies have agreed to convert the production contracts for the TFTII and TFT Sud fields in southern Algeria (Sonatrach 51%, TotalEnergies 49%).
…
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Odfjell has promoted Lise Henriksen to captain of Bow Sky, making history in the 109-year-old Norwegian chemical tanker company. She joined the company as a deck cadet in 2010, after completing a degree in nautical engineering at the University of Tromsø.
Since then, her career has taken her onboard 10 different Odfjell vessels, including the Bow Mekka, Bow Sky, Bow Summer, Bow Hercules, Bow…
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A fire broke out on 7 July at the state-owned oil company Petróleos Mexicanos (Pemex) Nohoch Alfa offshore platform at the Bay of Campeche, in the Gulf of Mexico.
Out of the 328 workers were working, 321 were evacuated with the support of seven boats. It has been reported that five people were injured, with two being critical, two fatalities and one person is still missing.
Octavio Romero…
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British Gas parent firm Centrica has signed a 15-year liquefied natural gas (LNG) supply agreement with US-based Delfin Midstream.
The long-term supply deal for 1 million tonnes of LNG a year from Delfin's planned Deepwater Port off the coast of Louisiana has a market value of $8 billion (€7.3 billion).
Centrica expects to take delivery of about 14 LNG cargoes a year, providing enough…
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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/