Tank Storage

ILTA promotes Leakhena Swett

The International Liquid Terminals Association (ILTA), a leading industry association representing the liquid terminals sector, is pleased to announce the promotion of Leakhena Swett from executive vice president to president. Ms. Swett has dedicated nearly five years of service to ILTA, consistently showcasing exceptional leadership and a profound understanding of the industry's dynamics. Her elevation to the role of president acknowledges her remarkable contributions and positions her as a pivotal figure in shaping ILTA's strategic direction. As president, Ms. Swett will assume broader responsibilities in shaping ILTA's vision, advocating for the industry, and spearheading initiatives to further propel the liquid terminals sector. Leveraging her extensive knowledge of the organization, industry stakeholders, and member requirements, she will play a key role in advancing ILTA's mission of promoting safe and efficient operations, fostering innovation, and addressing industry challenges..... > read more

Chevron joins

Chevron Corporation’s subsidiary, Chevron Uruguay Exploration Limited, has struck a deal with Challenger Energy's Uruguayan subsidiary, CEG Uruguay SA, to acquire a 60 percent interest in the AREA OFF-1 block offshore Uruguay. This agreement signifies a major milestone for both companies, with Chevron leveraging its expertise and resources to enhance exploration efforts, while Challenger gains a significant partner to accelerate project development. Under the terms, Chevron will secure a substantial 60 percent participating interest in the AREA OFF-1 block and assume operational responsibility. CEG Uruguay will retain a significant 40 percent non-operating interest, ensuring ongoing collaboration. Chevron has committed to pay $12.5 million to CEG Uruguay upon completion of the transaction, earmarked for further business initiatives. Additionally, Chevron will cover 100 percent of CEG Uruguay's share of costs for a 3D seismic campaign on AREA OFF-1, demonstrating a strong financial commitment to exploration.... > read more

Matrix Service Company receives award

Matrix Service Company has recently announced that its subsidiary, Matrix North American Construction, has been selected to undertake a significant project. This project involves the engineering, procurement, and construction of three 522,000-barrel crude oil storage tanks for a valued client located on the West Coast. Additionally, Matrix Applied Technologies will contribute by providing geodesic domes, which play a crucial role in managing carbon emissions, as part of the project. Matrix Service Company is recognized as a leading expert in the engineering, construction, and maintenance of storage tanks and terminals. This new award adds to their growing portfolio of downstream project opportunities, demonstrating their commitment to supporting their client's efforts to meet... > read more

Odfjell Terminals Houston celebrates

Odfjell Terminals US announces the successful completion of the construction and commissioning of Bay 13 at the Houston Terminal. The expansion project features nine new tanks with a combined capacity of 204,000 barrels. Bay 13 showcases OTH's commitment to offering flexible assets to its customers by building a combination of stainless steel and carbon steel tanks. Each tank has been meticulously engineered with positive pressure systems and full automation, underscoring Odfjell Terminals’ dedication to minimising emissions and environmental impact... > read more

Ondas Holdings establishes

Ondas Holdings Inc., a prominent provider of private industrial wireless networks and commercial drone and automated data solutions, has announced the establishment of a new subsidiary, Ondas Autonomous Holdings Inc. (OAH). This wholly owned subsidiary will serve as an intermediate holding company for Ondas' subsidiaries, American Robotics Inc. (American Robotics) and Airobotics Ltd. (Airobotics), which together operate as the Ondas Autonomous Systems (OAS) business unit. The creation of OAH aims to provide enhanced organizational flexibility to support the management and financing of the OAS business unit and its growth plan. OAS has already demonstrated strong revenue momentum, with a preliminary unaudited figure of $9.0 million generated in revenue for the year ended December 31, 2023. Eric Brock, Chairman and CEO of Ondas Holdings, highlighted the company's leadership in delivering aerial security and data solutions to commercial and government end markets. This leadership is attributed to the exceptional performance and reliability of Ondas'... > read more

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Top Three Featured Tank Storage Articles

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Sunoco completes acquisition of NuStar Energy

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Vopak reports strong Q1 2024 results

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ILTA promotes Leakhena Swett

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Chevron joins

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Englobe's partners

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Enservco announces

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BWC Terminals announces

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CITGO reports

CITGO Petroleum Corporation, a leading petroleum company, has announced its financial and operational results for the fourth ... > read more

Enraf Flexline Radar 990

The SmartRadar FlexLine automatic tank gauge is a cutting-edge solution offered by Honeywell. It combines advanced software ... > read more