February 2022 | Storage Terminals Magazine

Cutting Russian ties

BP is to offload its 19.75 percent stake in Russian state-owned oil firm Rosneft after Russia's act of aggression in Ukraine. The oil giant had...

Beijing Gas talks

Beijing Gas is seeking 1.5 million tonnes of super-chilled fuel from Shell, over a period of ten years. China’s Beijing Gas Group is negotiating...

TMC project delayed

Canada has announced it will halt any further public funding for the Trans Mountain oil pipeline expansion, after the government-owned company...

Limetree new CEO

Limetree Bay Terminals LLC, a world-class energy storage and logistics hub, has announced that Todd Dillabough has been appointed chief...

Limited capacity

Europe’s liquefied natural gas (LNG) terminals have limited available capacity to absorb extra supply from the United States or other major...

NuStar divestiture

NuStar Energy LP has announced that it has entered into an agreement to sell its terminal in Nova Scotia, Canada to EverWind Fuels for $60...

Turkey increases storage

Turkey is working to increase the natural gas storage capacity at its facilities. The total capacity of the two facilities, Silivri and Lake...

Max Energy/Macquarie collab

Max Midstream Texas LLC, a Houston-based energy company and subsidiary of Max Energy Industrial Holdings US LLC, has collaborated with Macquarie...

Talos/EnLink partnership

Talos Energy and EnLink Midstream have signed a memorandum of understanding to jointly develop a complete carbon capture, transportation and...

Oiltanking operations

After an intensive construction period Oiltanking is starting up operations of one of the biggest LPG storage tanks in Europe. Oiltanking...

World-class find

French oil major TotalEnergies has made a significant discovery of light oil with associated gas on the Venus prospect, located in the Orange...

Biogas production

Swedish biogas producer Scandinavian Biogas has decided as a long-term target to reach 3 TWh of an annual biogas production capacity in Europe...

Sonatrach/Sinopec

Algerian LNG export terminal operator Sonatrach has awarded a contract to Chinese group Sinopec for the construction of a new LNG storage...

Belzona launch

Belzona has announced the launch of Belzona 5815, which is a new containment grade coating with enhanced flexibility. Currently, Belzona 5815...

Posco expansion

South Korea’s top steel producer Posco and its unit Posco Energy have announced they plan to build two more LNG tanks at the Gwangyang import...

Solar tank farm

OMV the international, integrated oil, gas and chemicals company headquartered in Vienna, has started up its ground-mounted photovoltaic plant...

GES closes investment

Following the signing of a binding agreement in November 2021, Global Energy Storage (GES) has successfully closed the transaction to acquire...

Hydrogen milestone

February 17, 2022, marked a significant milestone in the hydrogen economy with Hy24, Mirova, CDPQ, and Technip Energies joining forces to make...

Woodside new execs

Oil and gas major Woodside has announced the executive team to lead the company following the completion of its proposed merger with BHP’s...

API responds

The American Petroleum Institute (API) has responded to the US Federal Energy Regulatory Commission’s (FERC) revised Updated Certificate...

Enterprise purchase

Enterprise Products Partners LP has announced that one of its affiliates has completed the previously announced $3.25 billion acquisition of...

Venture/Repsol SPA

Venture Global LNG has announced that it has entered into a 20-year, binding sales and purchase agreement (SPA) with Repsol for the supply of...

Hydrocracker restart

Marathon Petroleum Corp is restarting the diesel-producing hydrocracker at its 593,000 barrel-per-day (bpd) Galveston Bay Refinery in Texas...

TotalEnergies’ buy

TotalEnergies is expanding in Mozambique with the acquisition of BP’s retail network, wholesale fuel business and logistics assets. The...

ConocoPhillips buy

ConocoPhillips has announced that through its Australian subsidiary, it has completed the purchase of an additional 10 percent shareholding...

Tüpras for Honeywell

Honeywell UOP has announced that Tüpras has selected ISOALKY™ technology to produce high-quality alkylate at its refineries, making the Turkish...

Petroecuador update

The public oil company Petroecuador has dispatched 146.3 million gallons of fuel so far this year. “As of mid-February 2022, approximately...

Northwest partners

A Cadishead hazardous waste treatment and recovery facility has turned to a team of local businesses to support a £500,000 upgrade of its...

SC&T’s support

Using Shell Catalysts & Technologies’ C2 FE selective hydrogenation catalyst, the Heavy-Feed Petrochemical Complex (HPC) operated by...

BPA for EEMUA

EEMUA has welcomed the British Pipeline Agency (BPA) as its newest Corporate Member. The BPA operates a range of onshore fuel transport and...

Woodside profits

Australia’s Woodside has reported profits jumping to nearly $2 billion in 2021 with core profit for the full year more than tripling due to...

German production

The German economy and climate protection minister, Robert Habeck, has said hydrogen would soon establish itself as a key component of the...

Baker Hughes/EGPC

Baker Hughes recently signed a Memorandum of Understanding (MoU) at the 2022 Egypt Petroleum Show (EGYPS) with the Egyptian General Petroleum...

Tecam on odours

Certain industries generate atmospheric emissions with compounds that emit intense and unpleasant odours. The most common are usually sulphur...

China approval

China's state economic planner has approved natural gas company Hanas Group's plan to build a receiving terminal for liquefied natural gas...

Reuters’ CTU 2022

A global shift toward environmental accountability, major technological disruptions and unexpected economic activity are all creating...