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Issue Contents


Volume 14, Issue 1
Published: February 26, 2018
Storage terminal investors: a decade of change

Energy expert Frank Schreurs, founder of In-Energy, examines how storage investor behaviours have changed since purchasing his first terminal 10 years ago

Having worked in the energy sector for the last 20 years, I bought the first two terminals in 2007 in the ARA region.
There was no competition from financial buyers and we were competing with a trading company. It was around the time that the first oil trading companies started to show interest in storage assets.
In 2006, Vitol started to acquire the first terminals. As an example, they acquired the Europoint Terminal in Amsterdam for around €106/per m3 – a very low number by today’s standards. It was one of the first acquisitions of
the company that is now known as VTTI.
Back then, there were only limited financial buyers for terminals. Macquarie, 3i and Inter Pipeline were among the first. 3i Infrastructure acquired a 45% stake in three Oiltanking terminals in Amsterdam, Malta and Singapore
in 2007, and Inter Pipeline acquired of Simon Storage in 2005.
We directly acquired terminals from owners via proprietary relationships and without the involvement of M&A advisors. As a buyer, we received an excel spreadsheet with financial information as well as key technical information.
The excel sheet provided sufficient information but you needed to build up your own business case. We only took into account the existing contract portfolio – growth projects were not included, at least not in the transactions that I
was involved in.

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A new player in the European market
With 10 terminals in several strategic locations in western Europe, Alkion Terminals has ambitions to establish itselfas a significant pan European tank storage provider Alkion Terminals emerged onto the European market one year ago focused on acquiring and owning assets in key logistics gateway locations...
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Investing in signficant potential on the Thames
Asignificant enhancement programme is taking place at NuStar’s Grays terminal, in the UK...
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M&A activity surges on new found confidence
As the merger & acquisitions market in the storage sector experiences a resurgence thanks to several favourable market drivers, Nnamdi Anyadike takes a closer look at some of the key transactions taking place The mergers and acquisitions (M&A) market for the bulk and liquids tank storage sector is showing signs of reinvigoration, helped partly by the steady rise in the crude oil price that is providing much needed buoyancy to the energy industry...
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Storage terminal investors: a decade of change
Energy expert Frank Schreurs, founder of In-Energy, examines how storage investor behaviours have changed since purchasing his first terminal 10 years ago Having worked in the energy sector for the last 20 years, I bought the first two terminals in 2007 in the ARA region...
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Oil breakout in 2017 to gain momentum in 2018
Early in 2018, the US and international crude price benchmarks – West Texas Intermediate (WTI) and Brent – spiked to price levels last seen in December 2014...
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IPTF terminal: defying the odds in the Middle East
IL&FS Prime Terminals’ strategic vision to become a key storage player in Fujairah is supporting its growth developments as work starts on its Phase II expansion In 2015 IL&FS Maritime embarked on its maiden venture into the tank storage sector with its 333,484 m3 facility in the flourishing Fujairah market...
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Alternative gateway to Europe
Collaborative efforts between key stakeholders are gaining momentum to promote the Mediterranean as an alternative gateway to the ARA International energy trading hubs have grown exponentially in recent years thanks to favourable market dynamics as well as advancements in supply chain logistics...
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Europe: a flexible storage market
As the great global energy market rebalance continues, talk turns to the looming IMO regulations and the opportunities it presents for operators...
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The storage outlook
Six international storage operators with facilities across the globe review events from 2017 and share with Tank StorageMagazine what they think will be the big trends emerging in 2018…...
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Overfill protection: A review of API 2350 4th & 5th edition
In a two-part article series, Philip Myers and Brock Trotter of PEMY Consulting examine the new 4th and 5th editions of API 230 and how it affects overfill standards The overfilling of a petroleum storage tank is potentially among the most devastating events that can occur at a terminal or refining facility...
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An entrepreneurial spirit to innovation
In just three years, Advanced 3D Laser Solutions has quickly established itself with a strong client base in the UK and Europe...
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Good leadership in process safety
Understanding and managing risk is critical to any business. Traditional business practices focus on the management of financial aspects, but there are other important risks that a company faces...
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The second line of defence
When primary storage containment fails, secondary systems step up to the mark to help prevent environmental catastrophes...
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Reducing operational & financial risk
Valve management system eliminates the risk of an incorrect valve line-up for tank storage provider Everyone in the tank storage industry recognises the problem of product contamination...
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Emulation: the cost-effective solution to tank gauging upgrades
Many terminal operators tend to make do with older tank gauging systems, as they believe upgrade projects would be too costly, complex and time-consuming...
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Heightened security risks require adaptable operations
The increasing pace of digitisation over the last few years has made cyber security a core topic for the storage industry...
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The safe approach to tank cleaning
Rapidly increasing storage capacity, increased HSE awareness & more stringent legislation has increased the need for safe, reliable, predictable and efficient approaches to tank cleaning practices Increasingly stringent and complex legislation and regulations have been introduced to the tank terminal sector to ensure a greater focus on operational safety, to preserve the surrounding environment and to reduce health and safety risks for staff...
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A culture of care to avoid catastrophe
Piper Alpha was the event which lead to the oil and gas industry reassessing its approach to safety...
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Designing an optimal fire protection ITM programme
A fire protection system is only as effective as the inspection, testing and maintenance programme that is used to keep it running The effectiveness and reliability of fire protection systems continues to improve due to new technologies and the vast amounts of available data...
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Making operator safety a top priority
When it comes to safety, terminals, refineries and chemical plants globally are always keen to highlight how much of a priority it is in their day-to-day operations...
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Automated process control delivers safety and economy
The design and installation of the latest process control systems can deliver safe, efficient, highly cost-effective operations at storage facilities With an almost static demand from refined oil products, it is chemicals, biofuels and new liquids, along withmodern distribution and advanced logistics that are driving the need for enhanced storage terminal development...
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Deluge valves make their way to the Middle East
The SA Fire Protection deluge valve portfolio adapts to heightened demands in the Middle East Petroleum Development Oman (PDO) recently awarded a project to Petrofac as the main EPC company, as well as to Tyco Fire & Security UAE...
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The time of infrared inspections
Recently, an inspection of the insulation of an aboveground storage tanks (AST) with a drone and an infrared-camerawas completed by Foto Video König...
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A novel method of monitoring internal corrosion
One of the challenging aspects of monitoring for internal corrosion is to place the monitoring equipment in a representative location...
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The future of tank cleaning safety
The use of robots is revolutionising oil and gas tank inspection by offering a more long-term and sustainable option compared to traditional methods Entering a tank for inspection, survey or cleaning purposes, has always represented a high risk, even for the most skilled technicians and operators, due to the presence of hazardous or poisonous atmospheres...
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Three decades of cleaning innovation
Innovations in specialist non-man entry tank cleaning equipment have progressed significantly over the last 30 years...
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A highly elastic surface sealing system
Repairing a contaminated leak-catchment area is always problematic...
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Transforming data into value
Digitalisation is shaking up the tank terminal industry. Tank Storage Magazine’s editor Jasmin McDermott talks to Thomas Ernst, managing director at downstream process specialists Implico, to find out more about its take on this digital revolution and what the real-world opportunities are that are offered by it...
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Success in the Middle East
Multiphase pumps have been successfully used for both onshore and offshore applications worldwide...
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A storage innovation transition
Challenging cautious attitudes and stimulating a more innovative spirit is a core philosophy for iTanks...
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