August 2021 | Storage Terminals Magazine

Hess sale complete

Hess Corporation has announced that it has completed the previously announced sale of its subsidiary Hess Denmark ApS, which holds a 61.5...

TWTG win

TWTG has won a tender by Shell Nederland. The I-IoT hardware company based in Rotterdam has now delivered the first 100 NEON Vibration...

ABS class new FPSO

ABS will class a new Floating Production Storage and Offloading Vessel (FPSO) for the Lu Feng 12-3 oilfield. The 100,000-dwt unit was ordered...

LNG uncertainty

US liquefied natural gas (LNG) exporters could see cargo cancellations return this summer if the current supply glut cannot be alleviated by...

Strong demand

As the world begins to recover from the COVID-19 pandemic in most areas, the demand for oil and gas has increased exponentially. Prices...

Widespread panic

Lebanese leaders have agreed a short-term compromise to maintain fuel subsidies, in a bid to ease severe shortages, the presidency and the...

World first

Chiyoda Corporation, Mitsubishi Corporation, Mitsui & Co Ltd and Nippon Yusen Kabushiki Kaisha have signed an agreement with ENEOS...

Refinery closure

Permanent refining capacity closures expected for 2020-2021 have risen to about 1.7 million barrels per day (bpd) as the COVID-19 pandemic...

Talos progress

Independent upstream oil and gas producer Talos Energy and a partner are advancing a carbon sequestration and storage project, after winning a bid for

Sinopec expansion

China's state-run Sinopec has expanded the handling capacity of Qingdao LNG import terminal, located in the port city of Qingdao in...

Capacity trebled

Liquid terminal operator Zenith Energy is to handle and store three times the amount of renewable diesel at its terminal in Portland...

India LNG boost

India will boost liquefied natural gas (LNG) imports from next year as private firm Swan Energy starts its floating terminal, raising the...

Major project

International-Matex Tank Terminals LLC (“IMTT”) is pleased to announce its next major project in the renewable fuels space. Consistent with...

Afghan trading

Iran has resumed fuel exports to Afghanistan following a request from the new Afghan government, which feels empowered by the US withdrawal...

Irish LNG plans

Shannon LNG has plans for a €650 million liquefied natural gas (LNG) terminal, 600-megawatt electricity plant and battery storage at...

Agreement reached

Santos and Oil Search have reached an agreement on the merger ratio under the proposed merger and the additional terms set out in the Revised...

Synfuels for Bakken

The synfuels plant will now form the heart of Bakken’s planned US hydrogen hub, which has a redevelopment budget of $2 billion. US clean...

Bunker demand

Most refineries in the Middle East are back after works. Some maintenance continues at refineries in Iran and Syria. Oil product stockpiles...

3D laser scanning

Around the world today, the storage of liquid fuels and other petrochemicals in enormous volumes is no easy task. For starters, it’s...

Equinor resumes

Crude oil loadings are set to resume at Equinor’s EQNR.OL Sture export terminal on Norway’s west coast, a company spokesperson said. The...

LNG capacity

The increasing demand for gas in Pakistan has forced the government to get the re-gasification capacity of the two private liquefied natural...

China’s oil imports

China’s oil imports are plunging as Beijing cuts supplies to dirty local oil refineries. Oil shipments to the world’s largest crude importer...

Kinetrex purchase

Kinder Morgan has closed its acquisition of US LNG supplier Kinetrex Energy for $310 million. “We are very pleased to be adding Kinetrex...

ILTA speaker preview

In the first of its previews, ILTA has announced that Admiral William H McRaven, USN (Ret.) will be speaking on Taking Command: Leadership...

New Alkion build

European terminal company Alkion Terminals has opened a new tank pit at Alkion Terminal Le Havre (ATLH) in France. The new tankpit replaces...

New API launch

The American Petroleum Institute (API) has published its 3rd Edition of Standard (Std) 1164, Pipeline Control Systems Cybersecurity...

USDA: biofuel

The US Department of Agriculture has announced the recipients of $26 million in grants under its Higher Blends Infrastructure Incentive...

Hydrogen sector

The UK’s business and energy secretary Kwasi Kwarteng announced the country’s first ever Hydrogen Strategy on August 17. Making the...

TSA’s new insight

The Tank Storage Association (TSA) has published its 2021 Annual Review of the UK’s bulk liquid storage sector. The review contains key data...

Price predictions

Oil prices have responded to a more ‘normal’ US economy: After West Texas Intermediate prices (a good gauge for US oil) bottomed out at $21...

Harvestone’s buy

Harvestone Group, a global commodity merchant focussed on biofuels, has bought Gateway Terminals in Sauget, Illinois, US. Gateway Terminals...

Second contract

McDermott International Ltd has announced that its CB&I Storage Solutions business has been awarded a contract by Atlantic Gulf and Pacific...

Belven buyout

The family shareholders of the Belven Group, a valve specialist of Malines origin, have reached an agreement with the company's management...

Brazil’s contract

The Federal Government of Brazil has signed lease contracts for four liquid port terminals in the Port of Itaqui in Maranhão in northeast...

New LNG facilities

A newly created Netherlands-based infrastructure development company is planning to build and operate a number of new LNG facilities...

Hydrogen storage

A new study into microbial activity when hydrogen is injected into potential underground storage sites has generated valuable findings as to...