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Issue Contents


Volume 14, Issue 7
Published: January 7, 2019
Bridging Africa's infrastructure gap

With oil demand forecast to grow in Africa as countries attempt to take advantage of their demographic dividend, Amy McLellan examines how the oil & gas industry and the storage sector can leverage the opportunities emerging in the continent

When the oil price collapsed in 2014, leading to a protracted slump in prices, it was a double-edged sword for Africa. For countries dependent on imports, there was some relief but for producing nations revenues dropped and some were tipped into recession. 2018, however, has delivered a sustained rally in prices and international oil companies went back on the hunt for oil.
According to the influential Baker Hughes rig count, the number of rigs currently working in Africa is at a two-year high and it’s reckoned the number of exploration wells drilled in 2018 will top 30, up from just 17 last year.
This is still far short of the average 100 wells a year sunk between 2011 and 2014, a clear signal of the impact the price slump has had on the industry’s appetite for exploration risk. But it’s not just the oil price that has deterred investment. Analysts point to the issues international oil companies have faced in bringing their discoveries into development, from protracted tax wrangles (witness Tullow’s troubles in Uganda) to policy uncertainty (note the tortuous passage of Nigeria’s Petroleum Industry Governance Bill and the endless debates about its fuel subsidy regime) to huge infrastructure costs to bring remote finds to market, whether that’s landlocked oilfields in Uganda or huge gas discoveries in the deepwaters off the coast of East Africa.

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A global storage hub network
Created in 2016 GPS Group aims to become a leading independent hydrocarbon and chemical storage company and isacquiring and developing assets in key hub locations globally When the Global Petro Storage was created in 2016 its ambition was to become a leading hydrocarbon and chemical storage business and now, almost three years later, this ambition remains on track and at the heart of the company’s strategic growth plan...
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Oil price 'collapse' brings 2018 to a close
Nnamdi Anyadike provides an overview on how global political & economical events and developments have influenced the oil & gas sector and how they could continue to affect 2019 2018 was certainly a roller coaster year for oil prices...
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A different energy system
A different kind of energy system is emerging thanks to upheavals in oil production, the growth of electrification, as well as the expansion of renewable forms of fuel...
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The economics of IMO 2020
Marine terminals and refineries across the globe should be preparing for the new fuel specification that will likely increase bunker fuel and crude oil tankage requirements beginning in January 2020...
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Are energy companies prepared for a demand driven petrochemical market
A paradigm shift is underway in the global energy economy; and while the main commodities of discussion have included the likes of LNG and crude oil, petrochemical markets are also seeing major changes – especially in the supply and demand equation...
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IFLEXX: standardised data communication in the downstream oil and gas sector
Today’s downstream companies no longer just trade oil and gas...
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Growing to meet Ghana's midstream needs
A surging demand for fuel in Ghana and other landlocked countries necessitates the need for more storage infrastructure...
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Bridging Africa's infrastructure gap
With oil demand forecast to grow in Africa as countries attempt to take advantage of their demographic dividend, Amy McLellan examines how the oil & gas industry and the storage sector can leverage the opportunities emerging in the continent When the oil price collapsed in 2014, leading to a protracted slump in prices, it was a double-edged sword for Africa...
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The storage outlook
Five global storage operators look back at events, developments and announcements from 2018 and exclusively share with Tank Storage Magazine their thoughts on what lies ahead for 2019 for their facilities and the international storage market…...
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Safety at the touch of a button
In 2017, the IPTF storage terminal in Fujairah, UAE was nominated by the Global Ports Forum as the ‘safe and secure port/terminal of the year’...
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Protecting storage while improving system uptime
The bad news is that energy providers remain a target for advanced cyber attackers, as several FBI and US Department of Homeland Security warnings have indicated, and hackers seek to disrupt production, storage, distribution and usage of key services...
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Process safety & operational risk management: time for a digital makeover
The second part of a process safety & operational risk management in hazardous industries report reveals how companies are starting to actively explore technology strategies to help improve process safety at industrial plants but that more work is needed to integrate digital solutions into industrial processes Having explored, in part one of the Petrotechnics 2018 report, how operational risk management (ORM) and process safety management (PSM) in the global hydrocarbon industry are feeling the squeeze following the low oil price, part two explores the overwhelmingly positive views coming from senior industry leaders about the digital horizon...
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Managing the storage tank lifecycle
With demand increasing for a more complete and smart tank terminal solution, SJR Tank Construction sees more opportunities for its integral tank services New opportunities are emerging in the tank storage market as demand for a complete and smart terminal facility grows...
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Coriolis mass flowmeters - what's the next big thing?
First introduced in 1977, Coriolis mass flowmeters have grown to become one of the largest markets in terms of worldwide revenue, second only to electromagnetic flowmeters...
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Cyber security incidents & their HSE impact on tank terminals
Tank terminal operations are more and more dependent on systems to operate the facility in a safe manner due to the increased complexity of OT infrastructure...
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Filling the missing safety gap in fire protection
Ensuring the highest standard of functional safety in fire protection is at the heart of SA Fire Protection’s development strategy...
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Electrostatic ignition of toluene vapours during vacuuming truck operation
This case study investigates the causes behind a fire that occurred during a vacuum truck operation...
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