Tanks and Terminals news updates

Gerotto has provided exclusive distribution rights to KOR, an Australia and New Zealand-based company that manufactures and distributes equipment through OEM companies, such as Cappellotto and Schwarze Industries.

The global drone market is set to grow from US$13.7 billion in 2021 to US$89.6 billion in 2030, aided by significant adoption in the oil and gas industry.

Representatives from the Belgian and Danish governments have signed an agreement to enable captured CO2 to be shipped across their borders to be permanently stored in a sandstone reservoir 1800 m beneath the seabed of the Danish North Sea.

Eric Klein, Global Information Systems, USA, and Joel Hurt Jr., Leica Geosystems, part of Hexagon, USA, describe how to quickly and easily digitise oil and gas assets to maximise efficiency and facilitate regulatory inspection and reporting.

TotalEnergies has been selected as the first international partner in the 16 million tpy North Field South (NFS) LNG project.

SSAB, LKAB and Vattenfall's HYBRIT pilot facility for the storage of fossil-free hydrogen gas is now in operation in Luleå, Sweden.

Chart Industries Inc. and C.A.T. Group have signed a Memorandum of Understanding (MoU) to bring carbon capture solutions to customers in the Middle East and Africa.

According to a new report by the IEF and S&P Global, global oil refining capacity dropped for the first time in 20 years in 2020 and again in 2021, exacerbating tight markets and volatile prices for fuels such as gasoline and diesel.

McDermott, together with its storage business, CB&I, has been awarded a FEED contract from Gunvor Petroleum Rotterdam B.V. for a green hydrogen import terminal project.

High natural gas prices will continue to drive down European demand to 7% below the five-year average through March, leaving a best-case scenario of storage levels at 31% at winter’s end, reports Wood Mackenzie.

Fluxys, Advario Stolthaven Antwerp and Advario Gas Terminal have joined forces to study the feasibility of building an open-access green ammonia import terminal at the Port of Antwerp-Bruges in Belgium.

Shell NA LNG LLC and Energy Transfer LNG Export LLC have signed a 20-year LNG sale and purchase agreement (SPA) for the offtake of 2.1 million tpy of LNG from the Lake Charles LNG project.

Freeport LNG Development L.P. has completed a detailed assessment of alternatives for resuming operations at its liquefaction facility.

NWHA is urging the UK government to accelerate its plan for hydrogen storage business models, arguing that greater focus on the distribution and storage infrastructure is required to deliver hydrogen at scale.

The House of Representatives is set to take up the Inflation Reduction Act of 2022 that covers tax, energy, climate and other issues that impact the refining and petrochemical industries. After careful review, AFPM opposes this legislation.

Effective 8 August 2022, Limetree Bay Terminals is now doing business as Ocean Point Terminals. Ocean Point Terminals is an energy logistics hub, strategically located in the Caribbean on the island of St. Croix, U.S. Virgin Islands.

United Energy Corp. has announced 100% acquisition of Integrity Terminals, LLC., adding to its previous minority ownership stake of 12%.

CapturePoint Solutions (CPS) has signed a Letter of Intent (LOI) with a wholly-owned subsidiary of Energy Transfer to participate in a feasibility study to capture CO2 emissions from Haynesville Shale natural gas production facilities.

Freeport LNG Development and the PHMSA have entered into a Consent Agreement related to the 8 June 2022 incident at Freeport LNG's liquefaction facility.

Although total natural gas storage inventories in California, US, are 4% higher than they were one year ago, storage operation and capacity utilisation vary significantly by region.

Wood Mackenzie reports that market growth has staggered for global energy storage, with cumulative storage deployments expected to reach 500 GW by 2031.

CyberFuels has signed an LOI with an energy company that has a patented process for producing green hydrogen. The LOI calls for the prototype of the commercial units to be placed at the new CyberFuels Gateway Terminal in Florida, US.

From July 2022, Vitol Bunkers has extended its bunkering services to Jebel Ali (the largest container port in the Middle East) and to Port Rashid Cruise Terminal, Dubai, UAE.

Technip Energies Loading Systems will supply a marine loading arm to TotalEnergies as part of the floating storage and regasification unit (FSRU) project in Le Havre, France.