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Tank Storage News

/Tank Storage News/

Report: Saudi Aramco Puts LNG Shipments from Sempra Project in Texas on Hold

The economic downturn has taken a toll on the liquefied natural gas sector.   A little more than two weeks after Sempra Energy announced it was delaying a final decision whether to construct a massive LNG facility on the Gulf Coast of Texas because of the global slowdown, Reuters has reported Saudi Aramco has suspended [...]

May 27th, 2020|Fuel Storage|

Fluxys, Novatek to Build German LNG Terminal by 2022

Belgian gas grid operator Fluxys and Russian producer Novatek on Wendesday set up a joint venture to build a LNG terminal in the northern German port city of Rostock by 2022. The LNG storage terminal will have an import capacity of 300,000m tonnes annually, according to Laurent Remi, spokesman for Fluxys. However, the project does [...]

October 24th, 2018|Tank Terminal|

Huelva LNG Terminal to Get Small-Scale Loading Capability

Enagás has awarded a contract to Spanish engineering company Ayesa to redesign the jetty at its Huelva LNG terminal. The revamped mooring set-up will enable the loading of small-scale gas carriers, including LNG bunker vessels (LNGBVs), and the direct loading of bunker tanks on LNG-powered vessels. This will be the third such project undertaken by [...]

September 14th, 2018|Fuel Storage, Tank Terminal|

Tank Storage in the Future

Zhang Weiliang, CEO of UAV company Avetics Global, explains how the use of drones & automation are increasingly becoming part of the future for tank storage maintenance. The concept of using a drone to inspect a storage tank is a concept often mentioned in the storage industry, and several potential means of implementing the technology [...]

September 8th, 2018|Fuel Storage, Tank Terminal|

Odfjell to Sell Rotterdam Terminals

Odfjell Terminals has announced its intention to sell its 100 percent ownership of Odfjell Terminals Rotterdam (OTR) and Odfjell Terminals Maritiem to Koole Terminals of the Netherlands for $155 million. The intended transaction would reduce Odfjell Terminals' net debt by around $35 million. Odfjell SE's share of the proceeds is expected to amount to around [...]

August 16th, 2018|Tank Terminal|

Oiltanking Africa to Expand its Saldanha Bay Oil Hub

Oiltanking Africa has announced it is expanding its crude oil storage facilities by 30% at its Saldanha Bay Oil Hub in South Africa. The hub is currently able to hold up to 45 million barrels and will see the addition of 13 million barrels of storage and blending facilities added by the end of next [...]

July 14th, 2018|Tank Terminal|

Koole Tankstorage Minerals to Expand Storage and Rail Facilities

Koole is to further expand its biodiesel storage portfolio and block train rail facility at Koole Tankstorage Minerals (KTM) in Rotterdam. This new development will enable customers to centralise their biodiesel and diesel storage portfolio at one site with “high end” logistics. This expansion will increase the rail capacity to a level unprecedented in the [...]

June 29th, 2018|Tank Terminal|

Exxon Mobil, Plains Partner on Permian Pipeline Project

Exxon Mobil is joining the race to build out pipeline networks that stretch hundreds of miles across Texas to deliver crude oil from the booming Permian Basin to refining and port hubs near Houston. Exxon Mobil said Tuesday it plans to create a joint venture with Houston's Plains All American Pipeline to construct a multibillion-dollar [...]

June 18th, 2018|Tank Terminal|

Odfjell Sees Significant Earnings Upside for its Chemical Tankers

Chemical tanker firm Odfjell sees significant upside potential to its earnings ahead as low-yielding contracts expire, new vessels are brought in and market rates for transporting chemicals recovers, it said on Tuesday. In total, 18 of Odfjell’s ships come off time-charter (TC) contracts this year, out of a fleet of 83 vessels. “We still have [...]

June 12th, 2018|Tank Terminal|

Ogra Proposes Construction of Ten New Oil Storage Facilities

10 new oil marketing companies are expected to be established next year for more effective supply of petroleum products across the country. The Oil and Gas Regulatory Authority (Ogra) has proposed the construction of 10 new oil storage facilities, having a combined capacity of 304,445 metric tons petrol and 446,335 diesel, during the financial year [...]

May 31st, 2018|Fuel Storage|