Storage tanks

Underground working natural gas storage capacity in the Lower 48 states increased in 2024.

The 1 million tpy liquefaction plant is being built by Marsa LNG LLC, a joint company between TotalEnergies (80%) and OQEP (20%).

This marks a significant advancement in the application of digital twin technology for Floating Production Storage and Offloading (FPSO) units, enabling more accurate and reliable assessments of structural integrity.

Worley will provide brownfield engineering and procurement services to the Karratha Gas Plant, King Bay Supply Base, and the Pluto LNG Plant.

It is set to be one of the worlds largest FLNG development projects.

Higher oil prices, increased drilling efficiency, and structurally lower debt needs have contributed to lower interest expenses for some publicly traded US oil companies over the past decade, despite the level of interest rates across the economy being relatively high.

The European Union (EU) measures to reduce gas demand have driven a decline in the bloc’s combined imports of pipeline gas and LNG, helping to ensure its energy security, according to a new data tracking tool published today by the Institute for Energy Economics and Financial Analysis (IEEFA).

China Merchant Heavy Industries (CMHI) has contracted TMC Compressors (TMC) to deliver a complete marine compressed air system to a newbuild Floating Production and Storage Offloading (FPSO) hull the Chinese yard is constructing for SBM Offshore.

Woodside has made a final investment decision (FID) to develop the three-train, 16.5 million tpy Louisiana LNG development. Woodside is targeting first LNG in 2029.

ERGIL, a company specialising in storage tanks and process equipment, has announced the award of a significant new project involving the supply of advanced storage solutions for a major early production facility (EPF).

Hydrogenious LOHC has achieved a milestone towards designing, building, and operating a hydrogenation plant for the safe and efficient storage of hydrogen in the LOHC benzyltoluene (LOHC-BT) in Germany.

After a relatively warm start to the 2024 – 25 winter heating season (November – March), colder-than-normal temperatures across much of the US in January and February resulted in increased consumption of natural gas and more withdrawals from US natural gas storage than normal.

JERA Co. and Saibu Gas Co., Ltd., in order to strengthen stable procurement of LNG and advance global business development, have agreed to collaborate in the strategic use of Hibiki LNG Terminal.

Woodside has signed LNG sale and purchase agreements with Uniper for the supply of 1.0 million tpy from Louisiana LNG LLC and up to 1.0 million tpy from its global portfolio (Woodside Energy Trading Singapore Pty. Ltd.), demonstrating ongoing strong demand for LNG globally.

Hexagon Purus has received its first purchase order for the delivery of hydrogen fuel storage systems from MCV, worth approximately €2.4 million.