Storage tanks

Oil Tank Supplies, a fuelling solutions company, will change its name to OTS Group Ltd.

The Pengerang LNG Regasification Terminal will feature PETRONAS gassing up and cooling down services for LNG vessels.

The International Energy Agency notes that the global oil market is now adequately supplied but high oil prices should be avoided.

The Industrial Division of Advanced Diamond Technologies has been acquired by John Crane, expanding its mechanical seal technology offering.

The proceeds of the divestment of these assets will be used to pay off debt and support the growth of Sempra Energy in North America.

The FERC permit is one of the last major regulatory approvals Sempra needs before the final investment decision is made for the Port Arthur LNG project.

GlobalData has reported that Asia and North America will lead global polyethylene capacity additions by 2023.

Adrian Jackson has been appointed as the new Vice President of the Tank Storage Association (TSA).

PEC has won three new contracts with existing clients, two of which are for storage facilities in Singapore and Malaysia.

A report from GlobalData suggests that Russia will contribute 91% of the FSU’s new-build underground gas storage capacity growth by 2023.

For US$10.4 million, SES has purchased a 27% interest in a crude oil storage facility in Oklahoma, and a 51% interest in an 80 acre parcel of adjacent undeveloped land.

GlobalData reports that Petrobras is expected to deploy the highest proportion of FPSOs amongst all global operators between 2019 and 2025.

Cameron LNG has begun pipeline feed gas flow to the first liquefaction train of its liquefaction-export project.

Rotork actuators have been chosen to increase the number of wirelessly controlled actuators at a liquid storage provider in the UK.

SJR Tank Construction will build six biofuel tanks for HES Botlek Tank Terminal, raising their total storage capacity to over half a million cubic m.