Market leading publication Tank Storage Magazine celebrates its 15th anniversary in 2019. To celebrate this milestone, the February/March edition of the publication will be the biggest yet, with tradeshow distribution at five major events worldwide.
The February/March edition will be distributed to all delegates and visitors at StocExpo Europe, NISTM Orlando, Tanks & Terminals in Dubai, the Transportation & Logistics Summit in Texas and the Global Tank Storage Award in Rotterdam.
On top of this the magazine will also be posted to 3,500 industry professionals worldwide, via a fully audited, proven mailing list.
This means 10,000 copies of this edition will be printed and distributed worldwide.
This unrivalled distribution is outlined below:
- Official media partner for NISTM Orlando: the only magazine in delegate bags & distribution in media areas
- Official media partner for StocExpo, Rotterdam: the only magazine in delegate bags & the only magazine containing the StocExpo exhibitor catalogue
- Official media partner for Transportation & Logistics Summit, Texas: the only magazine in delegate bags
- Official media partner for the Global Tank Storage Awards, Rotterdam: the only magazine given to all attendees
- Official media partner for Tanks & Terminals 2019, Dubai: distributed in all delegate bags and on conference seats
- Posted to all 2018 ILTA attendees
- Posted to 3,500 terminal professionals worldwide – 100% proven, audited distribution
This edition represents unquestionable value for money. Advertising closes on 22nd February 2019 – book your space now by contacting David@tankstoragemag.com
Pin Oak has acquired 236 acres near its terminal in Corpus Christi, Texas to further expand its storage operations.
The acquired land is located adjacent to the Kansas City Southern main rail line and Corpus Christi rail yard. The land can accommodate more than 10 million barrels of bulk liquids storage, as well as the construction and operation of a full unit train solution.
Pin Oak plans to connect the site through a shore distance pipeline to its main site on the Corpus Christ Ship Channel, offering its customers additional tank capacity, as well as rail loading and unloading capabilities through an operational Union Pacific connection and the KCS.
Mike Reed, CEO of Pin Oak Holdings, says: 'We are excited to be expanding our footprint through this acquisition which will bring incremental tankage and logistics solutions to our customers. Pin Oak is in a unique position to offer its customers a full logistics solution through its direct refinery connections, Suezmax vessel and barge dock capabilities, truck loading and unloading bays, and direct access to two Class 1 railroads.
The company's main terminal is currently under construction, with brownfield expansion of more than two million barrels of crude storage. All capacity is supported by long-term third-party customer contracts. The connection into the Gray Oak Pipeline is currently under construction and the terminal will be a necessary outlay for Permian and Eagle Ford crude.
Pin Oak also operates multiple pipeline connections to nearby refineries, nearly one million barrels of existing storage capacity as well as a polymer modified asphalt plant, rail loading and unloading facilities, and a truck rack.
Par Pacific Holdings has completed the acquisition of US Oil & Refining for $358 million.
The acquisition includes a 42,000 barrel per day refinery, marine terminal, a unit train-capable rail loading terminal and 2.9 million barrels of refined product and crude oil storage.
The refinery and associated logistics system serve the Pacific Northwest market.
William Pate, president and CEO of Par Pacific, says: 'We are pleased to close the US Oil transaction, which balances our Pacific and mainland market exposure. We expect the transaction to be immediately accretive to our 2019 earnings and cash flow.
The 2019 StocExpo conference programme has been revealed, featuring discussions on IMO 2020, the outlook for crude oil and refined products, regional storage outlooks as well as cyber security and how to future-proof terminal operations.
The conference and exhibition returns to the Ahoy in Rotterdam on March 26-28, bringing with it the highly-anticipated and CPD-certified conference programme. For the very first time the conference will be hosted on the show floor, allowing even greater access to in-depth sessions, presentations and debates delivered by over 30 industry thought leaders, such as Matthew Hudson from Shell and motivational speaker, Steven Van Belleghem.
The conference, organised by Tank Storage Magazine, will enable terminals, traders, oil majors and investors to learn from one another, share best practice and benefit from a range of networking opportunities.
CEOs, terminal managers and analysts have been lined up from companies such as Shell, Alpha Terminals and LBC Tank Terminals to speak at the conference.
The first day of the conference will focus on current market trends, regulatory analysis and global market outlooks. Following opening remarks from the chair, Andy Inglis, principal at Nexant, Energy and Chemicals Advisory and Jean-Baptiste, CEO at 2PR Consulting, will speak separately about how different market trends will impact on future demands for tank storage.
A session on the impact of IMO 2020 on global crude oil will be presented by Cüneyt Kazokoglu, director of long-term oil service and head of oil demand at FGE, while Mark Williams, managing director at Shipping Strategy, is also due to advise on IMO 2020 later in the afternoon.
Mike van Croonenburg, director at Alpha Terminals, will speak about industry growth strategies in today's challenging and competitive market conditions.
Critical industry topics, such as IMO 2020, the tank storage market in Germany, rail-based supply chain solutions for bulk liquid logistics in Europe and protecting storage tank installations in conflict zones, will be discussed by representatives from AWBP, UTV (the German Tank Storage Organisation), DB Cargo BTT and Swiss Fire, respectively.
Day two of the StocExpo Europe conference is dedicated to discussions surrounding 'The terminal of tomorrow'. This begins with a highly-anticipated keynote session from motivational speaker, Steven Van Belleghem, thought leader on customer relationships and digital marketing. The session will focus on how to win customers in a world of AI, robots and automation.
A panel discussion featuring Shell's terminal manager, Matthew Hudson, and leading experts from Siemens, Vortexa and Port of Rotterdam will then follow in the afternoon and cover how to future-proof the tank storage sector. Ilya Tillekens and Marcel Jutte of Hudson Cybertec are due to discuss securing tank terminals against cyber security threats, while advice on how to transform a port's operational environment through digital strategies will be presented by Ronald Backers, business intelligence from the Port of Rotterdam. Wilfried Kleiser, senior project manager at Siemens, will follow this with a session on how IoT can be used to improve efficiency at the terminal.
Late night networking will follow the end of day two of StocExpo Europe's 15th year anniversary.
Day three will give attendees the opportunity to learn from international markets. Peter Davidson, executive director at the UK Tank Storage Association and Andy Stanley, director at RAS, will start the day off by talking about safety leadership in tank storage. Kathryn Clay, president at the ILTA, and Jeff Dewar, senior vice president at LBC Tank Terminals, will then each present informative sessions on the booming tank storage market in the US.
In the afternoon on day three, Fabio Kuhn, CEO at Vortexa, will speak about the impact of new data and marketing intelligence for the storage industry, followed by presentations by representatives from Keller, Eddyfi, Brainum and Newson Gale. These include sessions on securing exploitation conditions with safe tank foundations, increasing an asset's life cycle though an improved non-intrusive inspection (NII) programme, and understanding why static electricity is an ignition source of combustible atmospheres.
Delegates will also have plenty of opportunities to visit the exhibition where over 200 suppliers from across the globe will be showcasing their latest innovations. In addition, the Innovation in Storage programme will be hosted on the show floor, providing insightful and free content for all visitors.
For more information on the conference and how to attend, visit: https://www.easyfairs.com/stocexpo-europe-2019/stocexpo-europe-2019/conference/conference-programme/
Ineos has announced plans to invest €3 billion in an ethane gas cracker and world-scale PDH unit in Antwerp.
The investment will be the biggest ever made by Ineos and its first cracker to be built in Europe in 20 years. The company says this investment is a game changer for the chemical sector and will bring significant benefits to the Belgium and wider European communities.
The new complex will be co-located with Ineos' existing sites in Europe making polymers and will be connected by pipeline to a number of INEOS ethylene and propylene derivative units in the region. The company will take over unused parts of concessions held by neighbouring companies, ensuring maximum integration with the existing chemical industry.
The new production plants are expected to be operational by 2024.
Sir Jim Ratcliffe, founder and chairman of Ineos, says: 'Our investment in a gas cracker and world-scale PDH unit is the largest of its kind in Europe for more than a generation and is an important development for the European petrochemical industry. We believe this investment will reverse years of decline in the European chemicals sector.'
Rob Ingram, CEO Ineos olefins & polymers Europe North adds: 'The addition of these world-scale assets, using cutting edge technologies that are also highly energy efficient, will give us a competitive and sustainable cost base. We believe this will significantly strengthen the whole of the ethylene and propylene derivative chains within Ineos and allows us to continue to support the growth and development of our customers for years to come.'
Jacques Vandermeiren, CEO of Antwerp Port Authority, says: 'It is naturally very good news that Ineos has selected our port for this major new investment. It once more demonstrates that we are the largest integrated chemical cluster in Europe are very attractive to international investors.
This mega-investment brings the total amount of new capital expenditure that we have attracted to Antwerp over the past year to more than €5 billion.'
Philips 66 Partners, Harvest Midstream and PBF Logistics have entered into an agreement to jointly develop the ACE Pipeline System.
The system will provide crude oil transportation service from the market hub in St James, Louisiana, to downstream refining destinations in Belle Chasse, Maraux, and Chalmette, Louisiana.
The pipeline system is expected to have an initial throughput capacity of 400,000 barrels per day, with the ability to expand further depending on shipping interest. The parties may elect to add a delivery destination in Clovelly, Louisiana, subject to market demand.
The system is expected to be placed in service in the second half of 2020.
It will include a new-build segment to connect the St James market centre to the CAM pipeline. Harvest Midstream will contribute its existing CAM pipeline to the ACE pipeline system.
Husky Energy is considering selling its Canadian retail and commercial fuels business as well as its Prince George refinery as it embarks on a strategic review.
The decision to review and consider a sale of non-core downstream assets comes as it increasingly focuses on core assets in its integrated corridor and on its offshore business in Atlantic Canada and the Asia Pacific region.
The company's retail and commercial network consist of more than 500 stations, cardlock operations and bulk distribution facilities from British Columbia to New Brunswick.
The 12,000 barrel per day refinery processes light oil into low-sulphur gasoline and ultra-low sulphur diesel, along with other products.
CEO Rob Peabody says: 'Our retail network and the Prince George Refinery are excellent assets, with exceptional employees, which have made solid contributions to Husky over the years. However, as we further align our heavy oil and downstream businesses to form one integrated corridor, we've taken the decision to review and market these non-core properties.
'We expect the business will be highly marketable, attracting strong interest and valuations.'
Yantai Port has signed agreements with two subsidiaries of PetroChina to expand a crude oil terminal and build a new LNG receiving terminal.
Kunlun Energy and Yantai Port will build an LNG receiving terminal comprising four LNG storage tanks, each with a capacity of 200,000 m3 at the port in eastern Shandong province PetroChina says. It will have a dock capable of receiving 266,000 m3 LNG vessels.
Additionally, PetroChina Fuel Oil and Yantai Port will jointly invest RMB 5 billion to expand a crude oil terminal at the port and to build the second phase of the Yantai-Zibo crude oil pipeline in Shandong province.
Six leading industry figures in the tank storage sector have been shortlisted for the prestigious Outstanding Achievement Award at the 2019 Global Tank Storage Awards.
All nominees have an extensive amount of experience within the tank storage sector, as well as a multitude of achievements, ranging from setting up their own companies to being at the forefront of ambitious company growth.
This is the only category being voted on by the industry and voting will close on March 1 2019. Nominations for the remaining award categories, which are judged by an independent panel of experts, are still being accepted until February 15 2019.
The 2019 Outstanding Achievement Award shortlist is as follows:
Krien van Beck, founder, RVB Tank Storage Solutions
Jerry Cardillo, president, Contanda Terminals
Kasper Castricum, general manager, Arabian Chemical Terminal
Earl Crochet, director of engineering & operational optimisation, Kinder Morgan
Peter Davidson, executive director, Tank Storage Association
Phil Myers, founder, PEMY Consulting
The awards, which are free to enter, celebrate excellence, safety and innovation in the industry, with the award categories relating to terminal achievements, equipment innovations, ports and individual success.
All categories except for the Outstanding Achievement Award will be judged by an independent panel of industry leaders and influencers from companies such as Shell, BP, Oiltanking, Inter Terminals, VTTI, Vopak and Koole.
The winners will be announced on March 26 2019 in Rotterdam at the Floating Pavilion.
Hosted by market leading publication, Tank Storage Magazine, the gala dinner & ceremony attracts more than 200 terminal professionals each year, from as far as Saudi Arabia, India, Malaysia, South Africa, the US and all across Europe.
The event includes an all-inclusive drinks reception, a three-course dinner, captivating entertainment, a casino and much more. It is an exclusive opportunity to entertain clients & reward colleagues for their hard work throughout the year.
'The Global Tank Storage Awards ceremony is always exciting,' says Sandra De Mey, commercial manager, North Sea Port. 'This year we were really proud to win the Best Port Award, which has given us a significant amount of international recognition and media attention.'
As an added benefit this year, as well as being rewarded on the night, the winners will be further highlighted in a special winners exhibition showcase at Tank Storage Asia 2019 and StocExpo Europe 2020.
Everyone in the industry is entitled to one vote each. For more information on those who have been shortlisted and to place your vote, visit www.tankstoragemag.com/awards-vote/.
Discovery Midstream Holdings has received initial equity funding of $1 billion from Stonepeak Infrastructure Partners to pursue a series of North American midstream opportunities.
Headquartered in Dallas Discovery is led by four founding partners - Co-CEO's Drew Chambers and Steven Meisel, CFO Daniel Sailors and COO Cory Jordan – who had a successful track record of value creation in the midstream industry.
Discovery will pursue a strategy targeting midstream assets within both private and public ownership structures, at various stages of maturity, and across the hydrocarbon value chain, including natural gas, natural gas liquids and crude oil. The company says it will 'focus on situations where outcomes can be influenced with Discovery's expertise in operational and commercial optimisation'.
Co-CEO, Drew Chambers, says: 'We believe that now represents a unique and attractive time to invest in the U.S. midstream sector, supported by secular volumetric growth, historically depressed valuations, supportive structural changes in the public markets and limited new capital formation.'
Petroperu is advancing construction work at its Ninacaca supply plant in Peru to meet growing demand for liquid fuels.
Construction work is well underway by the OBS-IMECON consortium, the contractor for the project, at the facility in the Pasco region. This includes the development of detailed engineering, earthworks and excavation.
Once this phase is complete, work will start on building crude storage tanks comprising 7,500 barrels for three fuel types: diesel B5, gasoline 90 octane and 84 octane. This facility will address current demand for liquid fuels mainly in the central region of Peru.
Additionally, the facility will have water storage for its firefighting system.
The state-owned company says that the plant will help with the development of the central region of the country, including Junín and Huánuco.
Shell Gas has completed the acquisition of a 26% equity interest in the Hazira LNG and port venture from Total Gaz Electricité.
The move brings Shell's equity interest in the venture in India to 100%.
The transaction allows Shell to build an integrated gas value chain: supply from its global LNG portfolio, regasification at the Hazira facility, and downstream customer sales. It further enables Shell to contribute towards India's long-term need for more and cleaner energy solutions.
Ajay Shah, vice president Shell Energy Asia, says: 'Shell invested in the Hazira project 15 years again and it was the single largest foreign direct investment for Indian in the energy sector at the time. I am very proud that as a 100% shareholder, we will now be able to utilise this great infrastructure asset to its full potential and help provide much needed gas to serve the growing energy needs of India.
Having commercial and operational flexibility over Hazira will further enable Shell to offer better customer value propositions and help the company build a pan-India gas business.
BP and SOCAR Turkey have signed a heads of agreement to evaluate the creation of a joint venture for the construction and operation of a world-scale petrochemicals complex in Turkey.
The proposed facility, in Aliaga in western Turkey, would produce 1.25 million tonnes per annum of PTA, 840,000 tpa paraxylene and 340,000 tpa benzene.
Both companies now expect to undertake design work for the facility, which would allow for the integration of feedstock supplies from the nearby new STAR refinery and Petkim petrochemicals complex, both owned by SOCAR Turkey.
Luis Sierra, CEO for BP's global aromatics unit, says: 'If taken forward, this would be the largest integrated PTA, PX and aromatics complex in the Western Hemisphere and BP's first major new aromatics platform since our Zhuhai site in China opened nearly 20 years ago.'
Vagif Aliyev, Chairman of the Board of SOCAR Turkey, adds: 'We entered the Turkish market in 2008 with the acquisition of Petkim and since then have realised giant projects such as the STAR refinery. The area covering all of SOCAR Turkey's projects in Aliaga has recently become the first Private Industrial Zone in Turkey.
'The immediate proximity to the feedstock and infrastructure provided by SOCAR's other facilities will contribute significantly to the competitive power of the new facility. Expanding our immense refining and petrochemical complex, built at the gateway to world markets on the Aegean coast of Turkey, we aim to continue to contribute to the economies of the two brother countries – Turkey and Azerbaijan.'
Both companies expect to work towards a potential final investment decision in 2019, which could result in start-up of the new plant in 2023.
CLH Panamá has started operations at the Marcos A. Gelabert International Airport, which also include managing the into-plane fuel supply.
The airport, which is one of major airports in Panama in terms of domestic flights and private navigation, is located a few kilometres away from the western area of the capital city.
CLH will be responsible for managing the fuel storage facility and for into-plane services at the Marcos A. Gelabert airport, for which purpose it will incorporate a total of six vehicles in forthcoming weeks in order to provide a better quality service.
Sempra Energy has entered an agreement to sell its non-utility US natural gas storage facilities to ArcLight Capital Partners for $332 million.
The assets included in the sale to ArcLight are the Mississippi Hub storage facility in Simpson County, Mississippi, with a working capacity of 22.3 billion cubic feet of natural gas, and the Bay Gas storage facility in southwest Alabama, which comprises five underground caverns with a working capacity of 20.4 Bcf of natural gas.
These assets will become part of the Enstor natural gas storage platform that ArcLight acquired in 2018.
Joseph A. Householder, president and COO of Sempra Energy, says: 'Our agreement to sell our non-utility natural gas storage assets is an important component to achieving our portfolio-optimisation goals we announced in June 2018.
'Completing this sale, along with the recently announced sale of our non-utility US solar assets, enables us to reallocate capital to further strengthen our balance sheet and support Sempra Energy's future growth opportunities.'
Sempra Energy's subsidiary currently owns 91% of Bay Gas storage facility. Immediately prior to the sale, Sempra Energy's subsidiary will purchase the 9% interest from a minority owner and include it in the sale to ArcLight.
The sale is expected to be completed in the first quarter 2019.
The foundation stone of the Paradip-Hyderabad Pipeline project has been laid to mark the start of construction works on the 1,212km pipeline.
The pipeline will run from Paradip to Hyderabad and will supply petroleum products such as petrol, high speed diesel, aviation turbine fuel and superior kerosene oil from Indian Oil's Paradip refinery. It is due to be complete by August 2020.
The pipeline will have a capacity of 4.5 million metric tonnes per annum and will feed the upcoming petroleum product depot at Berhampur in Odisha, existing depots at Vizag and Vijayawada in Andhra Pradesh, an upcoming depot at Achutapuram, as well as Andhra Pradesh, and an upcoming depot at Hyderabad in Telangana.
To complete the project on schedule, steps have been taken to carry out construction activities in all the three states concurrently.
Once complete, delivery of petroleum products to key consumption centres in the region will be achieved in a safer, more reliable, environmentally-friendly and cost-effective manner. It will also reduce road traffic as currently petroleum products are largely transported this way.
Polski LNG has launched the tender process to select a contractor for three key projects within the President Lech Kaczyński LNG terminal expansion programme.
These components include the construction of the third LNG process storage tank, delivery of additional process installations increasing the regasification capacity, and the LNG transhipment installation together with a railway siding.
The project will not only increase Poland's energy security, but also allows Polskie LNG to offer new services to domestic and foreign customers alike.
The third tank will increase the operational flexibility of the LNG terminal installation and ensures the optimum natural gas process storage capacity.
The tender process includes the bidders prequalification stage, negotiations with short-listed bidders and signing the contract with the selected contractor by the end of the year.
Reaching the target capacity of 7.5 billion Nm3/year is planned in 2021. The other two projects are scheduled for completion in the second quarter of 2023. The LNG terminal expansion programme is to be implemented under the design and build formula.
Paweł Jakubowski, CEO of Polskie LNG, says: 'The President Lech Kaczyński's LNG terminal in Świnoujście is a pivotal investment project for Poland and it is devised to shape the LNG market not only in our country, but also in the entire region.
'The terminal expansion programme is the next step that will strengthen our market position. The demand for natural gas in Central and Eastern Europe and in the Baltic Sea region is constantly growing.
'New functions of the plant will allow us to respond to that demand and more importantly - we will be the first facility to offer such a broad range of services.'
Global Petro Storage has signed an agreement with turnkey service provider & EPC company SSB Cryogenic Services to expand and develop small-scale LNG supply chain solutions in Southeast Asia.
With a global push for cleaner energy sources together with the IMO 2020 sulphur fuel cap announcement, both companies recognise the potential and opportunities in LNG bunkering, intermediate storage and break bulking activities, as well as the increasing need for LNG supply chain solutions.
The collaboration aims to promote transportation, distribution and storage of small-scale LNG to locations with limited access to energy sources due to inadequate distribution infrastructures and poor interconnectivity of gas pipelines.
Smaller scale supply solutions, via small-scale LNG membrane vessels, satellite hubs and ISO tanks make it inherently suited to locations where the demand for energy sources is not adequately serviced.
Peh Lam Hoh, managing director of SSB Cryogenic Services, says: 'As part of the collaboration, SSB will identify and introduce project opportunities to GPS. GPS, with an extensive knowledge in the energy industry and specialising in project investment and asset management, will own and operate the assets and infrastructures.
'From LNG liquefaction, bunkering, intermediate storage and break-bulking solutions, to project financing support and investment of LNG-related opportunities as well as the execution in the LNG last mile solutions will provide a platform to enhance our capabilities and value proposition.'
GPS CEO Eric Arnold adds: 'GPS believes that gas is the fuel of the future and thus is focused on developing optimal onshore and/or offshore infrastructure needed to allow suppliers to access the respective demand centres.'
As of Monday, December 31 total oil product stocks in Fujairah stood at 17.348 million barrels – down by 1.9% week on week.
Stocks of light distillates fell by 2.1% week on week to 9.669 million barrels. Stocks saw little change from recent levels, averaging 9.72 million barrels through the month of December. Light stocks have been persistently high during 4Q 2018 amid a weak market and contango structure for gasoline and other light distillates.
Stocks of middle distillates fell by 9.5% week on week to 1.463 million barrels. Inventories fell to their lowest since January 1, 2018, which may be down to some traders looking to clear volumes by year-end. While the East of Suez gasoil market was still weak from oversupply woes, sentiment was a touch improved as compared to earlier in December. 'Arab Gulf swing barrels are still going towards Europe and East Africa, and since none of those barrels, or those from India, are heading to Asia for December, this will give us some time to digest the overhang in volumes,' a market participant said last week.
Stocks of heavy residues edged up by 0.4% week on week to 6.216 million barrels. Bunker activity has been quiet in recent days as market participants had mostly covered their requirements prior to the year-end holiday period.
Shell has completed the sale of its shares in its entities in New Zealand, including the Māui, Pohokura and tank farm assets, to OMV for $578 million.
The sale also includes Shell's interest in (and operatorship of) the Great South Basin venture, which was subject to a separate agreement.
The company says the sale is consistent with its global drive to simplify the upstream portfolio and re-shape the company into a world class investment.
Zoe Yujnovich, EVP, Australia and New Zealand, says: 'We are proud of having worked in New Zealand for more than 100 years and completion of the sale to OMV marks an important milestone in the company's history.'