March 2022 | Page 3 of 3 | Storage Terminals Magazine

Brooge tanks upgrade

Brooge Energy Ltd, a midstream oil storage and service provider strategically located outside the Strait of Hormuz, announced today the...

TanQuid/Implico

Long-running innovation partners in the downstream sector, TanQuid and Implico, said they are pleased to announce the completion of “a visionary...

KN blocks Russia

KN, the operator of the Klaipeda LNG terminal, informed that as of March 3, 2022, acceptance of Novatek cargoes from Russia has been suspended...

Asia premiums

Saudi Aramco has lifted its price to Asia for its flagship crude oil grade, Arab Light, to $4.95 a barrel premium over Oman/Dubai crude, off...

Bay du Nord decision

Paul Barnes, director, Atlantic Canada & Arctic for the Canadian Association of Petroleum Producers (CAPP) said it causes significant concern...

Pemex net loss

Mexican state oil company Pemex reported a $6.05 billion fourth-quarter net loss, driven by higher taxes and currency exchange losses despite...

Marathon/Neste team up

Marathon Petroleum Corp has announced it would form a joint venture with Finnish refiner Neste for its Martinez renewable fuels project in...

Bidvest storage expansion

Bidvest Group, having recently built one of the biggest LPG (liquid petroleum gas) facilities in the world at Richards Bay, is to spend another...

New pipeline projects

In 2020 and 2021, more than 2000 miles of new liquids pipelines were brought into service, according to the EIA's Liquids Pipeline Projects...

BP/Honeywell

BP and Honeywell have signed a licensing agreement for Honeywell UOP’s Ecofining™ technology. BP is undergoing pre-FEED engineering for its...

Axens’ CCS collab

Técnicas Reunidas and Axens have signed a collaboration agreement to jointly promote carbon capture projects and provide integrated solutions...

Gasunie/KFW MoU

In view of current political developments and their impact on the gas market, the shareholders and management of German LNG Terminal GmbH and...

Replacement tanks

The cheese factory of FrieslandCampina in Lutjewinkel produces North Holland Gouda - a protected and prize-winning regional cheese which is...

Texas's world first

Green Hydrogen International (GHI) has unveiled plans to create the world’s largest green hydrogen production and storage hub in South Texas...

Neste replacement

The European business community has been united in condemning the invasion of Ukraine by Russia and has a common concern about the situation...

US consumption

US energy consumption will increase over the next 30 years as population and economic growth outpace gains in energy efficiency, according to...

Italian alternatives

Italy's foreign minister is visiting Algeria with its top energy CEO to discuss cooperation considering the Ukraine crisis, the ministry has...

Oil release

Ministers from the International Energy Agency's 31 member countries have agreed to release 60 million barrels of oil from stockpiles in...

FOAMGLAS advice

The growing worldwide demand for chemical products and proper storage and handling makes energy efficiency of storage tanks a key requirement...

IOCs decarbonising

Leading international oil companies (IOCs) are restructuring their businesses to adopt new energy transition technologies such as low carbon...

CBA appointment

As the Chemical Business Association continues to grow and expand, they have recently welcomed the latest addition to their team in the form...

Talos/Howard project

Talos Energy and Howard Energy Partners (HEP) plan to pursue opportunities for carbon capture and sequestration (CCS) at the Port of Corpus...

Shell’s new CFO

Shell plc has announced the appointment of Sinead Gorman as chief financial officer (CFO), effective April 1, 2022. Sinead will become a...

Olmeca refinery delays

Mexico’s planned 340,000 b/d Olmeca refinery scheduled to start by July, may only be half-finished instead of 74 percent complete as the...

Shell follows suit

Shell has announced it will exit all its Russian operations, including a major liquefied natural gas plant, becoming the latest major Western...

Aramco closes deal

Saudi Aramco closed a deal to sell a stake in its natural-gas pipelines for $15.5bn and entered into a pact with BlackRock to explore low...

Bulgaria requests capacity

Bulgaria has sent a request to Greece to reserve capacity at the Revithoussa LNG terminal operated by Greek natural gas transmission system...

China boosts reserves

The US has said China would release stocks in tandem. Beijing has boosted stocks by buying from market. Chinese purchases increased even as oil...

ExxonMobil expansion

ExxonMobil has made a final investment decision to expand carbon capture and storage (CCS) at its LaBarge, Wyoming, facility, which has captured...

Germany accelerates

Germany has decided to accelerate work to build two LNG terminals in the country to help reduce dependence on Russian gas imports, chancellor...