Storage tanks

Jaison Davis, Economic Research Analyst at GlobalData, provides commentary on GCC exports, with global energy markets in flux.

The International Gas Union (IGU) has released a statement on the escalating conflict in the Middle East and its impact on global energy security.

Higher oil and gas prices are certain as the closure of the Strait of Hormuz threatens to disrupt 15% of global oil supply and 20% of global LNG supply if tanker flows are not quickly restored, according to Wood Mackenzie.

Baker Hughes and Vallourec have signed an agreement to advance hydrogen storage solutions for the green hydrogen market.

EIA forecasts that production of petroleum and other liquids will continue to exceed global demand, which results in Brent crude oil prices falling from an average of US$69/bbl in 2025 to US$58/bbl in 2026 and US$53/bbl in 2027.

Exolum, Methanex Corp., and Ørsted, have announced the launch of the UK’s first commercially ready bio-methanol storage and supply service for shipping at the Port of Immingham.

Provaris Energy has announced it has entered into a MoU with Himile to assess fabrication of and costs of proprietary LCO2 tanks at Himile’s manufacturing site in Rushan, China.

Port of Gävle has signed a new 25-year agreement with Inter Terminals, increasing long-term stability and Inter Terminals' transition towards fossil-free operations through the storage of SAF at the Port of Gävle, Sweden.

L&T Onshore has won a large order from Petronet LNG for the construction of additional storage at the Dahej Petrochemical Complex in Gujarat, India.

CB&I has been awarded a contract by We Energies to design and build a full-containment LNG storage tank for a peak shaving facility in Wisconsin, US.

The Indonesian President has inaugurated upgrades to the Balikpapan Refinery, a National Strategic Project that marks a significant milestone in strengthening Indonesia's energy security and sovereignty.

Eni has transferred the management of its traditional refineries and depots in Europe and the Middle East to a new company: Eni Industrial Evolution S.p.A.

Phillips 66 has said that key facilities will be integrated into the Humber Refinery rather than restarting standalone refinery operations at the Lindsey site.

Denso, Inc. has highlighted its Viscotaq Precast Structure Sealing System, engineered to deliver a watertight, flexible seal designed to stop liquid, gas, and contaminant infiltration in precast concrete and manhole assemblies.

Advario Singapore has achieved International Sustainability and Carbon Certification (ISCC) CORSIA, which recognises commitment to advancing low carbon and sustainable energy solutions.