Latest storage news
Calgary-based Pembina Pipeline Corporation has received US Federal Energy Regulatory Commission approval for its Jordan Cove LNG terminal and Pacific Connector Gas Pipeline.
Jordan Cove, located in Oregon, will be the first natural gas export facility to be built on the US west coast.
The project will include two 160,000m3, full-containment LNG storage tanks and a 370km pipeline which will span four counties and lead to an LNG export terminal in Coos Bay, Oregon.
It is expected the $10 billion project will come online in 2025, producing around 7.5 million tonnes of LNG per annum.
The natural gas will be sourced at the Malin Center Natural Gas Hub, which currently serves California and other western markets.
Pembina purchased Jordan Cove at the end of 2017 and over the years has obtained many of the local, state and federal regulatory approvals needed for finalising the project. The company has also liaised with private property owners to put in place voluntary easement agreements making up 77 per cent of the project’s proposed route, granting the company permission to build the pipeline within this location.
Harry Andersen, senior vice president and chief legal officer of Pembina, says: ‘The approval emphasises yet again that Jordan Cove is environmentally responsible and is a project that should be permitted given a prudent regulatory and legal process was undertaken.’
With the recent outbreak of COVID-19 affecting our global community, our thoughts are with all those affected and impacted by the virus.
On behalf of the Tank Storage Magazine team we want to update you on our operational plan during this time and the steps we have implemented to ensure business continuity for our advertisers and readers around the world.
With key industry events being postponed, such as NISTM Orlando, ChemUK, Tanks & Terminals in Dubai and the Cryogenic Storage Tanks Conference in Germany, we want to reassure our advertisers that we're doing everything we can to boost their exposure to the market in the coming months.
The next three editions of Tank Storage Magazine will be sent out free, digitally, to our database of 13,000 recipients. To view our latest edition - February/March - please click here.
The updated distribution for the next three editions is as follows:
• Posted to all registered attendees to StocExpo 2020
• Posted to all 2019 StocExpo attendees
• Posted to all 2019 NISTM & ILTA attendees
• Posted to 3,500 terminal professionals worldwide
• Distribution at NISTM, Orlando in July
• Posted to 3,500 terminal professionals worldwide
• Exclusive delegate bag & doordrop distribution at ILTA
• Distribution at NISTM, Orlando
• Distribution at PGLC, Spain
• Distribution at UKIFDA Expo, Liverpool, UK
• Posted to 3,500 terminal professionals worldwide
• Distribution at ChemUK, Manchester, UK
• Distributed at Tank Storage Association, Coventry, UK
• Distributed at Gastech Singapore
• Distributed at EPCA, Budapest, Hungary
• Distributed at the 8th Bulk Liquid Storage Summit, Spain
With many industry events postponed, Tank Storage Magazine provides a valuable communication tool to the industry. If you are interested in featuring in any of the upcoming editions, please get in touch.
If you have any further questions, please don't hesitate to ask.
Pavilion Energy and Singapore LNG have signed a five-year agreement for LNG storage and reload services at the SLNG Terminal on Jurong Island.
This agreement is the first to be signed for a term longer than two years, following a competitive bid process. As part of the agreement, Pavilion Energy will have access to tank capacity of 180,000 m3 on a segregated basis at the SLNG Terminal over the next five years. Such capacity will support a higher volume of LNG trading activities, including LNG breakbulk and vessel cool-down services.
The contract's longer tenure allows Pavilion Energy greater flexibility in managing its LNG portfolio, market fluctuations and demand dynamics.
Frédéric Barnaud, Group CEO of Pavilion Energy, says: 'Pavilion Energy is pleased to renew the partnership with SLNG. Tank capacity in Singapore presents greater opportunities for LNG optimisation and trading in the Asia-Pacific Basin. It complements well our LNG/gas trading activities in the Atlantic Basin. Pavilion Energy has held true to our commitment to facilitate wide access to the SLNG Terminal, contributing to the vibrancy of Singapore's LNG market.'
Global LNG trade continues to grow, with import volumes reaching 313 million tonnes in 2018 and spot trades making up a quarter of those volumes.
CEO of SLNG Tan Soo Koong adds: 'SLNG has taken bold steps to develop infrastructure and create new service offerings to meet the needs of the industry, and we will continue to do so. We are primed to play our part in helping Singapore achieve its ambition of becoming an LNG hub, through catalysing LNG-related businesses such as LNG trading, small-scale LNG distribution, LNG bunkering, and more.'
US Development Group and Gibson Energy will start construction of a diluent recovery unit in Alberta, Canada after receiving all required regulatory approvals.
Additionally, USD and Gibson have finalized all required commercial agreements with ConocoPhillips Canada to fully underpin and sanction the construction of the initial phase of the DRU at 50,000 barrels per day of inlet bitumen blend capacity and enable rail shipments of DRUbit to the US Gulf Coast.
Construction of the DRU is expected to begin in April 2020, and the DRU could be placed into service later in the second quarter of 2021.
USD and Gibson are currently in commercial discussions with other potential producer and refiner customers to secure additional long-term, take-or-pay agreements to support future expansions of capacity at the DRU.
Oil prices in the US plunged to below $30 a barrel, Brent crude fell by 10% and several industry shows have been postponed or cancelled as the world grapples with the coronavirus pandemic.
Oil prices hit their lowest since 2016 as a growing number of countries in Europe went into lockdown with borders closed and flights cancelled. Some experts have said that global efforts to contain the spread of the virus look set to trigger the most severe contraction in annual oil demand in history.
Vandana Hari, founder of Vanda Insights in Singapore, says: 'Global financial markets are being rattled by the growing severity of the coronavirus and at the same time spooked by the enormity of the stimulus measures to combat it.'
Many event organisers are now taking precautionary measures as the global economy attempts to recover and governments impose stricter social distancing measures. The following shows have been postponed:
• 2nd Annual Tanks & Terminals 2020 will now take place on August 24 – 26 in Dubai, UAE. www.marcusevans-conferences-middleeastern.com
• 22nd Annual International Aboveground Storage Tank Conference & Trade Show (NISTM) will now take place on July 27 – 29 in Orlando, Florida. www.nistm.org
• Cryogenic Storage Tanks will now take place on October 22-23 in Munich, Germany. www.tuvsud.com
• ChemUK 2020 will now take place on September 16 & 17 in Manchester, UK. www.chemicalukexpo.com
CLH, Sprague Operating Resources and Toptech Systems were among the winners revealed at the 2020 Global Tank Storage Awards.
The awards ceremony and gala dinner at the Floating Pavilion, Rotterdam, celebrated terminal achievements, equipment innovations as well as individual success.
The winners of the 2020 awards
Terminal Efficiency: CLH
Sustainable Impact: Sprague Operating Resources
Safety Excellence: Fujairah Oil Terminal
Port Innovation: UMF
Rising Star: John Reynolds, Managing Director, Reynolds Training
Outstanding Achievement: Nuria Blasco, General Manager, Tepsa
Environmental Performance: Tecam
Terminal Optimisation: Toptech Systems
Emerging Technology: Diakont Advanced Technologies
Safety Technology: Re-Gen Robotics
Innovative Technology: TWTG
Margaret Dunn, publisher of Tank Storage Magazine, says: 'The fourth edition of the Global Tank Storage Awards was the best yet, with over 80 companies shortlisted and fantastic entertainment keeping the audience entertained. The quality of award nominations received this year was excellent, and I want to congratulate both the winners, and everyone shortlisted for an award.'
For more information on the awards visit www.tankstoragemag.com/awards.
The oil price crash could be the trigger for a new phase of deep industry restructuring following a lack of production cuts by OPEC+ and the detrimental impact of the coronavirus.
The price war amongst the world's biggest producers crashed oil markets by around a third and crude futures suffered the second-largest decline on record in the opening of trading in Asia.
However, oil traders are now looking to hold more barrels in storage to cope as oil markets face a supply glut and storage owners are upbeat as more barrels are put in storage.
As a result, the oil market is now in a steep contango, which creates an incentive for storage.
Tom Ellacott, senior vice president, corporate upstream at Wood Mackenzie says: 'The price collapse could be the trigger for a new phase of deep industry restructuring – one that rivals the changes seen in the late-1990s.
'This is not the first time we've seen a price war – the last was a recently as 2015/16. But this time, oil demand is also weak as the coronavirus outbreak depresses global economic growth.
'The macro-economic backdrop is completely unchartered waters for oil and gas companies.'
Leading bulk liquid storage event StocExpo will open at the Rotterdam Ahoy, on March 10 - 12 as scheduled.
Mark Rimmer, Easyfairs divisional director, says: 'As the final preparations are made ahead of StocExpo, the safety of our visitors, exhibitors & staff is of our utmost concern.
'StocExpo has been serving the bulk liquid storage industry for over 15 years, remaining a unique and vital solution for visitors and exhibitors alike. Understandably, we have received many queries regarding the novel coronavirus, and we want to assure our community, we are doing everything we can to keep all attendees safe during their visit.
'During this time, we have listened to our varied stakeholders and naturally we have considered a postponement, but while we're continuing to receive daily registrations for the event and the Dutch authorities continue to tell venues and organisers to run events, we remain vigilant whilst open for business.
'Attendees can be assured that The Rotterdam Ahoy has introduced several pro-active measures to reduce risk, including hand sanitizers being readily available throughout the building and cleaning teams performing extra and repetitive cleaning in key areas (hard surfaces, handrails & other touch points).
'Easyfairs is also recommending that when greeting people at the show, a more reserved gesture such as a slight wave or a nod of acknowledgement may be appreciated. They are also recommending visitors utilise the Easyfairs 'touch & collect' smart-badge technology to collect information digitally as much as possible.
Rimmer continues: 'Of course we will continue to monitor the situation and follow official information and advice. We look forward to hosting the liquid bulk storage community this week and we wish everyone a safe, productive & enjoyable show.'
Digitalisation is one of biggest trends in heavy industry and it is starting to deliver on its promises. However, finding fitting solutions that provide real value from day one is not easy. The Internet of Things (IoT) needed to adapt to the standards, regulations and demands - TWTG NEON is the result of this and is being expanded with two new products: NEON Thermocouple Sensor and NEON Vibration Sensor.
TWTG NEON Vibration Sensor
The NEON Vibration Sensor sends alerts to maintenance engineers, as soon as assets, such as engines, conveyor belts, and pumps start to fail. This sets of a trigger when there is a change of frequency in the vibration or when outliers in the data occur. An engineer is alerted to check on this asset to prevent it from failure or long-term damage, which saves costs and ensures operational uptime. Now, assets which are not under constant supervision from operators can be monitored around the clock.
TWTG NEON Thermocouple Sensor
TWTG NEON Thermocouple Sensor comes with a wired thermocouple and uses on-board intelligence to determine average values over user-determined time scales to provide insights that can be used directly within existing systems. The device can be attached to existing installations and monitors changes or absolute extremes in temperature. By monitoring these on a variety of locations, insights can positively benefit operations. With the wired thermocouple, extremely low temperatures can be measured (-270°C), such as hydrogen or high temperatures (1700°C) that are found within furnaces, and everything in between.
The TWTG NEON product range supports all industrial customers moving towards LoRaWAN as the Industrial IoT network of the future. The LoRaWAN network gives industrial operations a secure solution, which has no vendor lock-in, scales up to tens of thousands of sensors, covers complete sites with only a small amount of gateways and best of all - the low-power approach means that the lifetime of the NEON products can be extended dramatically. This international networking technology is quickly becoming the industry standard.
NEON stands for a standardised approach to collecting data points from within the operation and a general approach to creating integrated solutions with existing IT ecosystems.
Shell Oil Products, a subsidiary of Shell, is marketing two of its refineries, one in Mobile, Alabama and Puget Sound near Anacortes, Washington.
The company says the decision is consistent with its previously disclosed plans to reshape its refining portfolio globally to leverage Shell's natural strengths and integration opportunities.
Robin Mooldijk, EVP manufacturing, says: 'We are refocusing our global presence in line with that of our customers trading operations and chemical plants. This will result in a more valuable, integrated downstream business.'
The process may or may not result in a finalised sale transaction, and if it does not result in a sale, Shell plans to continue operating the refineries.
Mooldijk adds: 'Both refineries have done an excellent job over the last number of years and have made several notable achievements in safety, reliability and performance.'
Shell says that the US Gulf Coast will remain a key manufacturing hub for Shell, along with Rotterdam and Singapore.
Prostar Capital will invest up to $100 million to expand and upgrade operating capacity at its GTI Statia storage terminal.
The expansion at the terminal, which is one of the largest independent crude and refined product storage terminals serving the US Gulf Coast, Latin American and Caribbean markets, is to meet demand from new and existing customers.
Since acquiring the asset in July 2019, Prostar has put in place a new senior team, including Walter Wattenbergh, former CEO of LBC Tank Terminals, as chairman of GTIS and John Roller as president and CEO.
Prostar is now focused on executing its capital investment plan for the terminal, driven by demand from new customers to capitalise on emerging regional and global trends in the oil market. This plan involves the investment of up to $100 million over the next two years on tank upgrades and jetty and marine infrastructure improvements.
The upgrades will further GTIS' role as a major provider of make- and beak-bulk services to its customers looking to move crude oil by VLCC in and out of the US Gulf Coast as well as to end markets in the Asia-Pacific region. They will also allow GTIS to continue to provide bunkering services to cruise and cargo customers throughout the Caribbean. The capital investment plan aims to improve infrastructure flexibility, a critical factor for storage operators in enabling the IMO 2020 transition.
Steve Bickerton, senior managing director of Prostar Capital, says: 'Now that our senior leadership team is established, we are very pleased to commence our capital investment plan for GTI Statia. These improvements are a critical component of our investment rationale and will allow us to modernise the terminal while continuing to provide outstanding customer service and deliver attractive returns for our investors.'
John Roller, president and CEO of GTI Statia, adds: 'Our plan allows the facility to focus on being a leading terminal operator and will leverage our strategic vision to enhance the service, quality and value of the business.'
Writing exclusively for Tank Storage Magazine, BRO and ENGIE explain how they developed an approach to achieve a wide range of significant sustainability gains for the tank terminal sector
What does sustainability mean? Are you looking at it from a traditional perspective? Will you work with alternative energy measures as part of the ongoing energy transition? Considering these questions is the first step to achieving sustainable operations.
However, many in the industry are looking beyond these to achieve a real sustainability impact on their operations. BRO and ENGIE have developed an approach to maximise sustainability gains in an easy way with its Integral Sustainability Approach.
Traditionally, the bulk liquid storage industry has focused on storing fossil fuels, gases and chemicals. However, a sustainability transition is underway in the industry. That means that the industry does not only have to think about storing alternative fuels, but also needs to look at improving the terminal and operations. So far, this sustainability transition is only visible to a limited extent. And it can be done differently.
Just like in most industries there is an urgency for the storage industry to take the next step in the field of sustainability. This urgency can come from companies own business insights and motivation, from the measures imposed by governments or through the requirements of their customers.
Currently, measures are implemented in energy sources to facilitate this process. Some good examples of these measures in the sector are the use of solar parks and wind turbines. However, if a company wants to make a real impact, it is important that in addition to alternative energy sources, attention is paid to the company's broader sustainability approach. But what else can be done? And what opportunities can that bring to an organisation? BRO and ENGIE's new Integral Sustainability Approach explores this further.
The goal of the initiative is to make a real impact within a company and highlight that sustainability can be fun and widely supported. One of the key success principles is to take the entire organisation along the journey, from management to operations. This approach not only results in a reduction of energy usage and cost, but also increases biodiversity, company reputation, employee health and satisfaction. It is often thought that certain measures cannot be taken due to strict compliancy rules within the sector, such as PGS29. Of course, these rules imply limitations, but at the same time we see that much more is possible than initially thought.
In the Integral Sustainability Approach, BRO and ENGIE look at a wide range of sustainability measures. They first focus on ways to reduce energy usage and then look at alternative energy sources using the 'Trias energetica' concept. Other measures also receive attention such as stimulating biodiversity on and around company premises and increasing employee health. This is done by jointly looking at:
1. Employees (health and satisfaction)
2. Company buildings and surroundings
3. Processes and mobility
4. Energy usage
To achieve this, BRO and ENGIE work step by step with the company. The approach used is based on 'the natural step approach' and can be divided into four steps:
1. Awareness & vision: in this step we try to answer a series of questions. Why is sustainability important? What impact can it have on the company? What is the sustainability ambition of the company? In other words, why does the company want to become more sustainable and how far does it want to go to achieve this?
2. Current situation: Research is conducted to determine the baseline of the company, which involves the following questions: What is the energy usage? Which energy sources are used and for which purposes? What is the situation regarding biodiversity? The answers to these questions, together with the ambition, is the starting point for further solutions and measures.
3. Bottlenecks, solutions and measures: The approach then brainstorms the most important possibilities, ideas and measures in order to achieve the stated ambition. This is done through an interactive work session involving all layers of the organisation, resulting in ideas that are innovative and perhaps somewhat unorthodox, but supported throughout the entire organisation. These ideas and measures are listed including their potential effect.
4. Define steps and actions: The measures to be taken are then incorporated into a roadmap with short- and long-term goals so the company can immediately get started with further research and realisation.
Rian Vermeulen, senior advisor at BRO, says: 'This approach has been received enthusiastically by our clients. Not only do we try to approach sustainability from a wider angle, we also want to make it fun by introducing new methods to take on this subject and involving all layers of the organisation.
As part of the process BRO and ENGIE organise a one- or two-day workshop, producing useful results while taking up as little time as possible. The outcome is sometimes surprising. By putting different disciplines and expert together they came up with the idea to reduce nitrogen by making a small adjustment to the jetty. This allows larger ships to come closer to the terminal, so they use less nitrogen to pig the pipes, which leads to a significant cost reduction. They also came up with the idea of storing rainwater to spray dikes and clean machines. This results in a saving in the use of drinking water and an ecological benefit based on limited costs.
These ideas are presented in a report which provides a general overview of the feasibility and payback time of the project. It is not an extensive technical report, but a report that is readable and understandable for everyone while being thorough and complete. This is complemented with maps to immediately show which measures can be taken at the terminal.
'By sharing these with your associates, sustainability really comes to life in an organisation,' Vermeulen adds.
It is important that sustainability is then integrated into the vision, strategy and policies of the company. The trick is to ensure that the subject remains fun and comes to life among the staff. Simple ideas such as using sustainability measures in a game of bingo, where employees can mark the sustainability gain achieved, can ensure that employees remain involved in a playful way.
Moreover, achieving (part of) the sustainability ambition can be rewarded, which positively influences the behaviour of employees. This is important to continuing to promote integral sustainability, not only in the near future but also in the long-term.
Rian Vermeulen and Renze van Och from BRO will be talking more about this unique approach to terminal sustainability in the afternoon of the first day of the StocExpo conference. For more information visit www.stocexpo.com
LBC Tank Terminal's has reached the first milestone in its Rainbow II storage expansion project, which will grow capacity by 70,000 m3.
The first piles have been driven into the tank pits out of a total of 1,300 at the terminal in the Rotterdam-Botlek region.
The project is part of a multi-year investment programme to revamp and expand the Rotterdam site and the additional capacity will serve the growing market for the storage and transhipment of chemicals in the Port of Rotterdam.
EnCap Flatrock Midstream has made an initial capital commitment of $500 million to a newly formed midstream company Tatanka Midstream.
Tatanka is an independent energy company focused on acquiring and building midstream assets in North America. The company's goal is to create value by improving the operations, maintenance and overall efficiency of acquired businesses and building highly competitive new assets that serve the continually growing and changing needs of the North American energy market.
It is led by three founders, CEO Keith Casey, president and chief investment officer Nate Weeks and chief financial officer Carlos Mata. The founders have more than 75 years of collective experience in the midstream and downstream energy sectors.
CEO Keith Casey says: 'We are excited to partner with EnCap Flatrock to create a company that provides innovative midstream solutions that are safe and environmentally responsible, forge optimal and efficient pathways to market, and create exceptional value for all stakeholders.
'EnCap Flatrock thinks about midstream and the midstream opportunity set the same way we do, the firm's values are aligned with ours, and the EnCap Flatrock team brings a wealth of contacts and technical and commercial expertise that complement our own. We think it's a powerful pairing.'
Cameron LNG has started commercial operations on Train 2 of its liquefaction-export project in Hackberry, Louisiana.
Cameron LNG completed all major construction activities for Train 2 last year and began receiving gas flow for testing in November 2019 as it reached the final stage of the commissioning process. In December, Train 2 began producing LNG and shipping commissioning cargos as part of the process to support stabilising production and performance testing.
Commercial operations started following the completion of performance testing and receipt of the Federal Energy Regulatory Commission authorisation to commence service.
Train 2 includes a projected export capacity of four million tonnes per annum of LNG.
Farhad Ahrabi, CEO of Cameron LNG, says: 'Reaching commercial operations on Train 2 is another significant milestone for Cameron LNG, its employees and partners. I would like to thank our employees for their hard work and commitment, not only for their accomplishments on Train 2, but also for getting Train 3 close to completion.'
Phillips 66 Partners will acquire Philipps 66's 50% interest in the Liberty Pipeline project for $75 million.
The 24-inch Liberty Pipeline will provide crude oil transportation service from the Rockies and Bakken production areas to Cushing, Oklahoma. The pipeline is underpinned with long-term volume commitments and service on the pipeline is targeted to commence in the first half of 2021. The cost of the pipeline is expected to be $1.6 billion.
Philipps 66 Partners plans to fund the transaction through a combination of cash on hand and the revolving credit facility. The transaction closed on March 2.
Greg Garland, Phillips 66 Partners' chairman and CEO, says: 'The Liberty Pipeline is a great addition to the Phillips 66 Partners portfolio. It is a strong organic project and continues our strategy of growing PSXP with stable fee-based cash flows, supported by long-term volume commitments. Phillips 66 Partners is well positioned to execute this pipeline project on the heels of successfully starting up the Gray Oak Pipeline.
'We remain committed to maintaining a strong financial position and disciplined capital allocation, investing in projects with attractive returns and delivering growing distributions to unitholders.'
Phillips 66 and Trafigura Group have formed a joint venture to develop an offshore deepwater port project located 21 miles east of the entrance to the Port of Corpus Christi.
Bluewater Texas Terminal, to be constructed by Phillips 66, will consist of up to two single point mooring buoys capable of fully loading VLCCs to export crude oil. The project is currently in the permitting stage.
The joint venture owners expect to make a final investment decision later this year, pending permit approval and customer volume commitments that support the project meeting the owners' economic return threshold.
Trafigura has withdrawn its application to develop the Texas Gulf Terminals deepwater port facility that was submitted to the United States Maritime Administration in July 2018.
The Bluewater Texas joint venture combines the unique market position that Trafigura has build in the US as a leading exporter and marketer of crude oil with Phillips 66's commercial expertise, existing infrastructure network on the US Gulf Coast, and proven operating experience, including the safe operation of a single port mooring buoy in the UK since 1971.
The joint venture is working with the Port of Corpus Christi Authority to provide a safe and environmentally sustainable infrastructure for the export of crude oil to global markets while benefitting the regional economy.
The development of Oiltanking Grindrod Calulo's bulk liquid storage terminal in the Port of Ngqura has stalled.
OTGC was awarded the preferred bidder status in 2011 by Transnet National Ports Authority to develop the storage terminal in the port to service fuel importers in the Nelson Mandela Bay region. The facility is intended to replace the existing terminal in Port Elizabeth.
Since the award of the contract, OTGC has been negotiating the build, own, operate and transfer agreement, engineering design of the terminal, obtaining commercial commitments from customers, negotiating funding with lenders, and obtaining the required regulatory permits for the construction of the project. Construction work on the terminal started in 2019, and earthworks are now complete.
However, in a confirmation to Tank Storage Magazine, OTGC says it has not been able to secure sufficient customer commitment for the project and says it is in the regrettable position that it is unable to execute on the project. It is liaising with the Transnet National Ports Authority on the way forward.
Brooge Petroleum and Gas Investment and Fujairah Oil Industrial Zone have signed a land lease agreement for BPGIC's third expansion phase.
The agreement involves BPGIC leasing a 450,000 m2 area in FOIZ. Its third phase expansion will add storage and services capacity of 3.5 million m3 – 3.5 times the size of their projected operations post-phase II.
Phase III will be used by Brooge to further increase its capacity for crude oil storage and services if needed, to host the remaining 90% of its refinery facilities.
Construction for the land will start in 2020. Since the agreement was signed, BPGIC has also had discussions with top global oil majors who have expressed interest in securing portions of the additional capacity.
Capt Salem Al Hammoudi, director of FOIZ, says: 'We are happy to be announcing the initial lease for significant land with Brooge Petroleum, which along represents future capacity additions of over 3.5 times their facilities that are currently operating and under construction. We host the Middle East's largest commercial storage capacity for refined oil products, with the current storage capacity of 10 million m3 and we welcome the expansion of Brooge's operations in Fujairah.'
BPGIC is developing terminals in stages, with construction on Phase II expected to be completed by the third quarter of 2020. If Phase III is completed successfully as planned, the company will become the largest oil storage and services business in Fujairah, almost double that of its closest competitor.
New Fortress Energy is continuing work on the construction of an LNG receiving and regasification terminal in the port of Pichilingue, Baja California Sur, Mexico.
Marine work is underway at the site of the terminal and all necessary permits have been obtained for the onshore construction of the power plant. Additional equipment, materials, and workers will be deployed to the site to expedite completion of the project.
The facility is being constructed with power generation to provide low-cost electricity and truck loading bays for the supply of LNG to local hotel and industrial customers.
New Fortress chairman and CEO Wes Edens says: 'With the project will underway, we are closer to introducing more affordable and cleaner energy for Baja California Sur. We have witnessed how LNG supply can become a catalyst for energy diversification and economic development and look forward to seeing similar results.'
José López Soto, director of port authority administration of Baja California Sur, adds: 'The LNG terminal at Pichilingue port is an important infrastructure project that will undoubtedly bring significant benefits to Baja California Sur.'
Açu Petróleo has signed a contract with Total to carry out crude oil ship-to-ship operations at the T-Oil maritime terminal in Brazil.
The contract will serve Suexmax and BLCC vessels, as T-Oil is the only Brazilian private terminal qualified to receive VLCC vessels with a capacity of up to two million barrels.
T-Oil has three berths with a draught of 25 meters and is operated by its subsidiary Oiltanking Açu Serviços under a service contract for O&M services.
Since starting operations in 2016, the terminal has operated a total volume of 140 million barrels of crude oil. In addition to Total, other companies such as Galp, Petrobras, Repsol, Shell and Equinor also operate at the terminal.
Magellan Midstream Partners may partner with Sentinel Midstream on plans to build a deepwater crude oil export terminal.
According to S&P Global Platts, if the companies do establish a partnership, Sentinel would still lead the Texas GulkLink project, while Magellan would build the pipeline to connect its large East Houston storage and distribution system to the offshore terminal.
The facility will be located off the coast of Freeport, Texas, and will be capable of fully loading VLCC vessels. It will include an onshore oil storage terminal connected by a 42-inch pipeline to a manned offshore platform 30 miles off the Gulf Coast.
From the platform oil will be transported to two Single Point Mooring buoys to allow for VLCCs to receive two million barrels of crude oil with loading rates up to 85,000 barrels per hour.
Texas GulfLink is one of four offshore oil terminal projects with applications pending review under the US Maritime Administration.