The State Office for Mining, Energy and Geology (LBEG) in Lower Saxony has approved the early start of construction of a 26-kilometer underground pipeline between the future LNG terminal in Wilhelmshaven and the connection to the national natural gas network in Etzel (municipality of Friedeburg). The aim is to meet the ambitious schedule of [...]
Odfjell is constructing a new tank bay at Odfjell Terminal Houston (OTH), continuing to expand and invest in its terminals platform to support ongoing regional growth in the chemical industry. The company is investing in and expanding its terminals platform with the addition of a new, modern, automated tank bay. Bay 13 at Odfjell Terminals [...]
Dutch oil and chemical storage company Vopak reported on Friday a profit beat for the three months to September but lowered its full-year guidance for growth investments. The group, which runs tank terminals worldwide, said its growth investments should reach about 275 million euros ($314.57 million) in 2021, down from the range of 300 million [...]
In the Port of Rotterdam, the first companies are busily preparing for the storage, processing and transit of hydrogen: a promising energy carrier that will allow companies to make the transition to climate neutrality. Tank terminals at Europoort This is one of the findings of a study conducted by the Port Authority into the development [...]
Terminal owner VTTI is to close its bitumen-producing ATPC refinery in Antwerp, Belgium, stoking concerns about supply of the road-paving product after a string of recent capacity terminations. Trading firm Vitol, which supplies feedstocks to and markets bitumen from the refinery, said today it had been “notified by VTTI of its intention to close [...]
LNG import terminals, to be built in 12-15 months, will help cope with gas crisis Pakistan is all set to install two more liquefied natural gas (LNG) import terminals over the next 12-15 months to deal with the ballooning gas crisis after the government approved connection of the terminals with transmission and distribution network from [...]
The Port of Fujairah, the world’s third-biggest bunkering hub, is expecting a record year in throughput for its liquid bulk volumes as the facility continues to grow its services and terminals boost their operations, its business development manager said Sept. 28. “Liquid bulk is outperforming our expectations,” Martijn Heijboer told the Fujairah APPEC virtual [...]
Dutch oil storage company Vopak (VOPA.AS) on Wednesday reported second-quarter net profit that missed market expectations, after taking an impairment related to its terminal in Panama, sending its shares down nearly 8%. The group, which operates storage terminals around the world, reported net profit of 76.1 million euros ($89.86 million) in the three months to [...]
A new tank far is to be built on the territory of the condensed gas terminal in the port of Ust-Luga in the Russian Baltic. The Main Department of State Expertize has approved the project documentation and engineering studies for the first stage of the project. The project envisages building four steel tanks with a [...]
London — A fire broke out at the Trans-Israel or Eilat-Ashkelon pipeline in Ashkelon, Israel, after a rocket from Gaza hit a crude oil storage tank on May 11, according to local media reports. Violence has escalated in recent days, with rockets fired at Israeli cities from the Gaza Strip and the Israeli military carrying [...]
