March 2022 | Storage Terminals Magazine

Baker Hughes to Provide

Baker Hughes will provide three compression trains for a total of three NovaLT12 hydrogen-ready gas turbines and three PCL compressors. For...

Energy investment

Shell will invest up to 25 billion pounds ($33 billion) into the energy system in Britain over the next decade, a senior executive at the oil...

Tristar’s HGSI stake

Tristar Transport, which is owned by Kuwaiti logistics company Agility AGLT KW, will buy a 51 percent stake in HG Storage International from...

Exports suspended

Loadings of Caspian CPC Blend were halted today following storm damage to offshore single point moorings (SPMs) at the Black Sea terminal where...

TWTG/LoRa Alliance

TWTG said it is excited to announce that it is joining the LoRa Alliance®. The LoRa Alliance is an open, non-profit association that has become...

LNG ambitions at risk

International sanctions do not directly target Russian gas producers, but they prevent the supply of critical processing equipment and...

Russian terminal status

US oil producer Chevron on Wednesday, March 23, said it is assessing the status of an export terminal at a Black Sea port that Russia said was...

Snow damaged tanks

The company that operates the trans-Alaska pipeline had to call in backup crews to contend with massive amounts of snow piled on top of...

US eyes options

US refiners have begun snapping up fuel oil cargoes from the Middle East this month after US president Joe Biden banned Russian oil imports over...

NextDecade deal

NextDecade Corp has executed a binding Heads of Agreement (HOA) with Guangdong Energy Group Natural Gas Co Ltd for the long-term supply of LNG...

McDermott's CB&I to Build Spheres

McDermott's storage business, CB&I, will design and build two 500,000-gallon double-wall liquid hydrogen spheres for Plug Power Inc.'s...

ASCO/Repsol deal

Global integrated logistics and materials management company ASCO has signed a three-year contract with Repsol in Norway for logistics and supply...

Aramco spending

Saudi Aramco will increase spending and issue bonus shares as oil’s surge to more than $100 a barrel bolsters the company’s plan to boost...

Nominations open

AntwerpXL is looking for its next group of forty rising stars under the age of 40 from across the breakbulk and heavy lift industry. Those...

Eni/Air Liquide deal

Eni and Air Liquide have entered into a collaboration agreement aimed at assessing decarbonisation solutions in the Mediterranean region of...

KBR tech project

KBR has announced that it has secured a contract from a leading midstream company for a world-scale olefins production facility to be built on...

ExxonMobil boost

ExxonMobil's Australian subsidiary Esso Australia has made a final investment decision to develop additional gas from the Gippsland Basin Kipper...

Tellurian construction

Tellurian Inc has announced that it has issued a limited notice to proceed to Bechtel Energy Inc (Bechtel) under its executed Engineering...

Serafina considers

Canadian heavy oil producer Serafina Energy is considering the sale of the company to capitalise on the surging crude oil prices, sources...

LAO plant Baytown

ExxonMobil has announced that construction of the new linear alpha olefins (LAO) manufacturing unit at its Baytown, Texas, integrated...

DOE confirms release

As nations’ bans on Russian oil imports pushes market prices higher, the use of emergency reserves becomes increasingly necessary. The US...

Falcker’s tech

Falcker wants to be “a disruptive force in the market and bring an all-in-one solution that can be used globally”. In 2017, Falcker began life...

Vitol/ITM JV

Vitol has agreed to acquire 50 percent of ITM Power’s hydrogen refuelling subsidiary, ITM Motive Limited (“Motive”). Vitol has committed to...

Exolum welcomed

Exolum has joined the Hydrogen Europe alliance, a leading European organisation dedicated to advancing the development of the European hydrogen...

FLS breaks ground

Ratanakorn Asset Management and the FLS Group, break ground of the first phase of their innovative FLS Supply Chain Centre in Rayong, serving...

API praises DOE

The American Petroleum Institute (API) president and CEO Mike Sommers has released the following statement regarding the US Department of...

Saudi takes hit

Oil prices jumped more than $3 on March 21, with Brent crude climbing above $111 a barrel, as European Union nations considered joining the...

Mexico considers

Mexico will most likely keep its crude oil exports at about 1 million barrels a day to take advantage of the recent price spike, temporarily...

GATX delivery

GATX Rail Europe has demonstrated that it stands as a smart choice for its customers in the achievement of their transport efficiency and green...

Stade acceleration

The project developer Hanseatic Energy Hub (HEH) wants to accelerate the development of the LNG terminal in Stade as much as possible. From 21 March t

Shell deploys AI

Detect Technologies, a leading industrial AI and SaaS enterprise, has announced a global agreement with Shell to deploy its integrated AI...

Funding for UAM

Drone and Urban Air Mobility (UAM) technology company Terra Drone Corporation has announced that it has raised $70 million (8 billion...

Technip’s portal

Technip Energies has announced the launch of BeyondTM by T.EN – a unique portal providing business value to clients through a suite of digital...

Clean hydrogen collab

Uniper, Hydrogenious LOHC of Germany and JERA Americas together with the Abu Dhabi National Oil Company (ADNOC) has announced a joint study...

BP losses

BP expects to lose up to $25 billion, more than a fourth of its market capitalisation, after divesting from its 19.75 percent stake in the Rosneft...

RWE’s new terminal

German energy group RWE AG will build a terminal in Brunsbuettel near Hamburg to handle the import of about 300,000 tonnes of green ammonia per...