Terminal News
The United Nations has purchased a large tanker to store roughly 1.1 million barrels of oil. the oil is currently stored on a decaying vessel of the coast of Yemen, and officials have been warning that an environmental disaster is imminent for several years. The oil will be transferred to the UN's tanker in a bid to protect the Red Sea and Yemen's coastline from an oil spill.
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Freeport LNG has announced that it has received regulatory approvals from the Federal Energy Regulatory Commission (FERC) and the Pipeline and Hazardous Materials Safety Administration (PHMSA) to restart Train 1, the final train of Freeport LNG’s three-train liquefaction facility to receive restart authorisation.
Freeport LNG’s Trains 2 and 3 returned to full commercial operation…
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Petronas has signed a memorandum of cooperation (MoC) with Japan Organisation for Metals and Energy Security (JOGMEC) to cooperate in energy transition initiatives towards achieving respective energy transition and decarbonisation targets.
The initiatives include potential collaboration in green/blue hydrogen and fuel ammonia development, carbon capture and storage (CCS), as well as greenhouse…
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Now’s your chance to feature in Tank Storage Magazine!
With distribution across the USA, UAE and Singapore, you don’t want to miss your chance to advertise in the April/May edition of Tank Storage Magazine.
This issue will have a special focus on innovation, with exclusive interviews from Uniper Energy’s Wilhelmshaven FLNG terminal and Petroseraya’s versatile oil storage terminal and…
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Energy giant TotalEnergies has bought biogas producer Polska Grupa Biogazowa (PGB) as well as some solar power projects from FFKM112 in Poland. The move forms part of the company's expansion into renewables in the country.
The acquisition of PGB raises TotalEnergies’ biogas production capacity to 1.1 terawatt-hours (TWh) and gives the Company a leading position in the promising Polish market,…
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Energy infrastructure company Enbridge has plans to supply two to three more LNG export facilities throughout the US Gulf Coast, in addition to the four existing facilities.
Enbridge previously acquired the Moda Ingleside Energy Center, a major crude export terminal that connects the prolific Permian and Eagle Ford shale oil basins to international markets.
Enbridge will continue to look…
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Eni CEO, Claudio Descalzi, Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC MD and group CEO, have signed a memorandum of understanding (MoU) outlining a cooperation framework for future joint projects on energy transition, sustainability and decarbonisation.
The MoU was signed in the presence of the President of the Council of Ministers, Giorgia Meloni,…
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The Forty Under 40 campaign showcases the rising stars of the tank terminal industry. As the industry embraces digitalisation and new ways of working, there’s also an understanding that our workforce has changed immensely over the last few years.
With many senior members of staff retiring or leaving the industry altogether, it’s imperative that we find new talent to carry on the legacy of…
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At least 17 people are known to have died after a fire broke out at a fuel storage tank in Jakarta, Indonesia, on Friday 3 March. The facility is operated by state-owned energy company, Pertamina.
The fire started at around 8pm (01:00 GMT) on Friday from a fuel pipe at Pertamina’s Plumpang fuel storage depot in the capital Jakarta. It quickly spread to nearby houses in the densely populated…
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Hydrogen solution provider Electriq, and global energy storage company, Zenith Energy Terminals have announced a partnership to build the world’s first manufacturing plant of Electriq Powder at the Port of Amsterdam.
Electriq Powder simplifies storage, transport, and use of hydrogen in last mile, off-grid and backup applications. Electriq Powder features superior safety and energy density,…
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Braskem Idesa (BI) and Advario have announced the formalisation of their partnership, with Advario’s acquisition of 50% of the capital of Terminal Química Puerto México (TQPM). The total estimated investment for the project is $400 million (€377 million).
The aim is to construct and operate a new ethane import terminal in Coatzacoalcos, Veracruz.
The new terminal will have 10…
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Shell Western LNG B.V and shipping company, Hapag-Lloyd has announced the signing of a multi-year agreement for the supply of liquefied natural gas (LNG) to Hapag-Lloyd’s ultra large dual-fuel container vessels of 23,500+ twenty-foot equivalent units (TEU).
Using LNG enables Hapag-Lloyd to immediately reduce the CO2 intensity of these vessels by up to 23% compared to conventional fuels.…
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Spanish energy company, Enagás and LNG storage provider, Reganosa have signed an agreement in which Enagás acquires the 130 km network of Reganosa gas pipelines for the amount of €54 million, and Reganosa buys 25% of the El Musel regasification plant in Gijón, Spain for the amount of €95 million.
Under the terms of the agreement, Enagás has acquired the entire transmission grid and…
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A project with the world's first on-land GST membrane full containment liquid natural gas (LNG) storage tank located in Hejian, north China's Hebei province, has officially been delivered after 100 days of trial operation. The GST technology was developed by GTT.
The project secured natural gas needs for 800,000 local households during the winter of 2022, after entering trial operation in…
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Venture Global LNG has announced the successful raising of the roof of the first LNG storage tank at the Plaquemines LNG export facility in Plaquemines Parish, Louisiana, USA.
The major project milestone was completed ahead of schedule and comes nine months after the project’s final investment decision (FID).
The tank is the first of four for Plaquemines LNG. When operational it will…
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Chemicals producer, BASF has announced they are ending ammonia and associated fertiliser production in the German city of Ludwigshafen due to high production and energy costs.
BASF seeks to cut costs by €500 million per year from 2024 by moving production to Belgium, the US and Asia. This is estimated to result in 2,600 jobs losses.
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Essar to invest in energy transition in UK and India
Multinational conglomerate, Essar Group, invested in energy, metals and mining, infrastructure and technology sectors, has announced the formation of Essar Energy Transition (EET) to drive the creation of the UK’s leading energy transition hub in North West England.
EET plans to invest a total of $3.6 billion (€3.39 billion) in developing…
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bp and partners have confirmed the development concept for the second phase of the bp-operated Greater Tortue Ahmeyim (GTA) Africa, LNG project that they will take forward to the following evaluation stage.
The partnership will evaluate a gravity-based structure (GBS) as the basis for the GTA Phase 2 expansion project (GTA2) with a total capacity of between 2.5-3.0 million tonnes (2.75-3.3…
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Global oil and gas company, Technip Energies has announced it has been awarded its first FEED contract with NCOC (North Caspian Operating Company) for the Kashagan Slugcatcher Project in Kazakhstan, Asia.
Kashagan is one of the largest fields discovered in recent decades and the new project will be led by its UK operating centre and executed by its locally incorporated joint venture, TKJV…
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Whether it’s managing storage tanks for the oil and gas industry, airports, ports or governments, there are many levels of complexity when managing the bulk liquid supply chain at tank farms and terminals. The volatility in tank management across these fuel eco-systems continues to be intensified by the pandemic, war, weather, inflation, labour shortages, and decarbonisation initiatives,…
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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/