Storage tanks

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.

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.

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.

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.

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.

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.

The €2.375 million for Uniper's planned hydrogen pilot project at the Krummhoern natural gas storage site in Germany will be used to research how the gas can be stored and how equipment and materials react to hydrogen.

Shell USA will acquire all of the common units representing limited partner interests in SHLX held by the public. SHLX’s assets include interests in entities that own crude oil and refined products pipelines and terminals, as well as storage tanks.

Siemens Energy is joining the AWS Partner Network to provide customers with industrial cybersecurity, analytics, and storage solutions.

Working natural gas inventories of storage fields operated by the two largest natural gas distributors in California total 100.6 billion ft3. Although this level is 4% higher than levels one year ago, storage operation and capacity utilisation varies significantly by region.