At the Forefront of Tank Storage in America

Breaking News

Enterprise Products awards Matrix Service EPC

Matrix Service Company have announced its subsidiary, Matrix Service, has been awarded the greenfield engineering, procurement, and construction of a second 600,000-barrel cryogenic ethane storage tank for a subsidiary of Enterprise Products Partners L.P. along the Texas Gulf Coast. The project, which was taken into Matrix’s backlog in the second quarter of Fiscal 2023, supports a continued demand for ethane in the global marketplace. Engineering for the storage tank will be completed by Matrix PDM Engineering. “We value our long-standing relationship with Enterprise and appreciate their trust and confidence in us to engineer and construct this critical infrastructure,” Matrix Service Company President and CEO John R. Hewitt. “The global need for ethane continues to account for an increasing share of total U.S. production for its value as a petrochemical feedstock that can be broken down into ethylene, used in a wide variety of industrial... > read more

USD Partners LP announces sale

A wholly-owned subsidiary of USD Partners LP have announced that it has entered into a Membership Interest Purchase Agreement with South 49 Holdings Ltd., a member of the Midstream Energy Partners group of companies. Upon the terms and subject to the conditions set forth in the Purchase Agreement, the Partnership agreed to sell its Casper rail terminal, by means of a sale of all of the equity interests of the subsidiary which owns the terminal, to the Buyer for a cash purchase price of approximately $33.0 million, subject to customary adjustments. The Transaction is expected to close prior to the end of the second quarter of 2023. The Partnership intends to use a majority of the proceeds from the Transaction, net of expenses, to repay borrowings outstanding under the Partnership’s revolving credit facility and to retain the remaining proceeds to support general Partnership purposes. “As we continue to transition our business to lower carbon solutions, including our DRUbit™ by Rail™ network, we are reviewing all assets and their strategic fit in our growth plans,” said Dan Borgen, the Partnership’s Chief Executive Officer. “As we mentioned on our Q4 2022 earnings call, we remain committed to converting all of our dilbit capacity to our long-term... > read more

Genie Energy acquires rights

Genie Renewables, a division of Genie Energy Ltd., a leading supplier of energy services, has announced that it has acquired site rights to a community solar generation site in Upstate New York. Once built out and brought online, the proposed project is expected to have an aggregate generating capacity of approximately 6.25 megawatts. "Community solar and other utility-scale solar generation are essential to meaningful reductions in carbon emissions," said Michael Stein, chief executive officer of Genie Energy. "Now, improved economics are driving strong project demand in our current markets and energizing implementation of solar generation initiatives in new markets across the country." Genie Renewables also announced that it received a favorable CESIR (Coordinated Electric System Interconnection Review) and estimate of interconnection cost... > read more

McDermott awarded EPsCm contract from Slovnaft

McDermott has been awarded an engineering, procurement services and construction management (EPsCm) contract from Slovnaft, a.s., for the steam cracker intensification off-gas processing project at its plant in Bratislava, Slovakia. The project will upgrade the existing steam cracker unit by adding a low-pressure recovery unit, increasing ethylene production capacity utilizing the off-gas from the existing production. McDermott will provide comprehensive EPsCm services and leverage its strategic agreement with Lummus Technology, the licensor of the steam cracker unit... > read more

LyondellBasell commissions world's largest

LyondellBasell has announced that it has successfully started up the world's largest propylene oxide (PO) and tertiary butyl alcohol (TBA) unit in Texas. These new assets on the U.S. Gulf Coast have an annual capacity of 470 thousand metric tonnes of PO and one million metric tons of TBA and its derivatives. "The world-leading capacity of the new plant positions us to meet the growing demand for products essential for modern life," said Chris Cain, LyondellBasell Senior Vice President for Global Manufacturing. "Our company strives to be trailblazers in our industry and make positive contributions through our environmental and sustainability initiatives. This project advances our company's goals and... > read more

Prev Next

Crescent Point announces acquisition

Crescent Point Energy Corp. is pleased to announce that it has entered into an agreement with Spartan Delta Corp. to acquire...
> read more

Buckeye Partners announces launch

Buckeye Partners, L.P. have announced that it is launching BAES Infrastructure, a diversified energy company that will focus...
> read more

IMTT announces plans to consolidate Bayonne

IMTT have announced plans to consolidate its existing bulk liquid storage operations in Bayonne, New Jersey, which will free...
> read more

Downstream

Bunker One puts growth strategy in high gear

Bunker One announces that all their physical activities in North America, the Gulf of Mexico, and the Caribbean will be consolidated ... > read more

EIA releases data

U.S. households on average consumed less energy in 2020 than in 2009, according to newly released data from the U.S. Energy ... > read more

Wood's carbon capture & storage projects

Wood has completed carbon capture and transportation studies for more than half of the 300 carbon-capture facilities being ... > read more

Cooperation agreement signed with Sonoma

Eavor Technologies Inc., the leader in globally scalable geothermal technology, is pleased to announce the signing of a cooperation ... > read more

ExxonMobil boosts fuel supply

ExxonMobil has announced the successful startup of its Beaumont refinery expansion project, which adds 250,000 barrels per ... > read more

Orbital Sidekick announces newest additions

Orbital Sidekick (OSK), the global leader in space-based hyper-spectral intelligence, has announced the expansion of its ... > read more

Fracking

Crescent Point announces acquisition

Crescent Point Energy Corp. is pleased to announce that it has entered into an agreement with Spartan Delta Corp. to acquire ... > read more

Marathon Oil announces agreement to develop

Marathon Oil Corporation, through its affiliated company Marathon E.G. Holding Limited, announced it has signed a Heads of ... > read more

Callon Petroleum Company announces retirement

Callon Petroleum Company has announced L. Richard Flury's intention to retire from the Board of Directors following the 2023 ... > read more

Intertek to Provide Auditing Services

Intertek, a leading Total Quality Assurance provider to industries worldwide, is proud to announce that it is accredited ... > read more

American Robotics announce

Ondas Holdings Inc. a leading provider of private wireless data, drone, and automated data solutions through its wholly owned ... > read more

Brenntag acquires Tech Management

Brenntag, the global market leader in chemicals and ingredients distribution, has announced the acquisition of Tech Management ... > read more

Pipelines

Energy Transfer to acquire Lotus Midstream

Energy Transfer LP and Lotus Midstream LLC have announced that the parties have entered into a definitive agreement pursuant ... > read more

Cedar LNG signs MoU with ARC Resources Ltd

The Haisla Nation and Pembina Pipeline Corporation, partners in the development of the proposed Cedar LNG Project, are pleased ... > read more

Primoris Services Corporation announcement

Primoris Services Corporation have announced that they will transfer the listing of its common stock from The Nasdaq Stock ... > read more

TC Energy congratulates

Cedar LNG will be the first Indigenous-majority-owned LNG export facility in Canada. The Haisla Nation is building a path ... > read more

Steve Hammoor joins STI/SPFA Hall of Fame

STI/SPFA announced the latest inductee into the Hall of Fame during the Awards dinner held February 23rd in Coronado, CA. ... > read more

Wood secures engineering contract

Wood will perform engineering services for a significant carbon capture and storage (CCS) pipeline project involving Canada’s ... > read more

Tank Storage

IMTT announces plans to consolidate Bayonne

IMTT have announced plans to consolidate its existing bulk liquid storage operations in Bayonne, New Jersey, which will free ... > read more

Enterprise Products awards Matrix Service EPC

Matrix Service Company have announced its subsidiary, Matrix Service, has been awarded the greenfield engineering, procurement, ... > read more

Chevron Technology Ventures (CTV) invests

Flyability are thrilled to announce Chevron Technology Ventures’ (CTV) investment in Flyability. Chevron has been working ... > read more

Odfjell Terminals US Director IT nominated

Aldrich Varilla has been named a finalist for the 2023 Houston ORBIE® Awards, a prestigious award that recognizes chief ... > read more

AMPP names Alan Thomas as its CEO

The Association for Materials Protection and Performance (AMPP), a global nonprofit representing more than 32,000 members ... > read more

Proactive systems vs. reactive strategies

Storage tanks with thief hatches that are open/leaking for 100 or more hours can emit volatile VOC emissions that exceed ... > read more

Upstream

Stratom and Imenco partner to deliver

Stratom, a global leader in robotic refueling and autonomous systems, and Imenco, the industry specialist in military and ... > read more

Copenhagen Infrastructure Partners acquires

Copenhagen Infrastructure Partners, through its Energy Transition Fund (CI ETF I), has acquired a majority stake in a blue ... > read more

Talos Energy completes acquisition of EnVen

Talos Energy Inc. announced the completion of its previously announced acquisition of EnVen Energy Corporation. The Company ... > read more

Talos Energy to announce fourth quarter 2022

Talos Energy Inc. intends to release fourth quarter 2022 results for the period ended December 31, 2022, on Tuesday, February ... > read more

Chesapeake Energy Corporation announces sale

Chesapeake Energy Corporation has announced that it has entered into an agreement to sell the Brazos Valley region of its ... > read more

Matador Resources Announces Acquisition

Matador Resources Company has announced that a wholly-owned subsidiary of Matador has entered into a definitive agreement ... > read more

Midstream

Buckeye Partners announces launch

Buckeye Partners, L.P. have announced that it is launching BAES Infrastructure, a diversified energy company that will focus ... > read more

USD Partners LP announces sale

A wholly-owned subsidiary of USD Partners LP have announced that it has entered into a Membership Interest Purchase Agreement ... > read more

Genie Energy acquires rights

Genie Renewables, a division of Genie Energy Ltd., a leading supplier of energy services, has announced that it has acquired ... > read more

Baker Hughes to supply liquefaction trains

Baker Hughes, an energy technology company, announced Monday it has been awarded an order by Bechtel to supply two Main Refrigerant ... > read more

Union Pacific appoints Brian Barr

Union Pacific Corporation has announced that Brian Barr has been appointed Senior Vice President of Transportation, effective ... > read more

Marathon Petroleum Corp. announces

Marathon Petroleum Corp. has announced the acquisition of a 49.9 percent interest in LF Bioenergy, an emerging producer of ... > read more

Videos

Dearman Systems LLC

Dearman Systems launches LYNX, cutting-edge logistics software for the bulk liquids market: Dearman Systems has announced ... > watch video

DISCUS

Trust your inner roof. DISCUS Engineered Products builds the safest, strongest, lowest emissions aluminum internal floating ... > watch video

GTI Statia

GTI Statia (“GTIS”) is one of the largest independent crude and refined product storage terminals serving the US Gulf ... > watch video

Gen III

GEN III is the next evolution level of hydraulic foam proportioners for firefighting, now entering the market. Sturdier, ... > watch video

ERECTASTEP

There are many lists of The wonders of the World. ErectaStep, the world leader in modular stairs, catwalks & handrails, has ... > watch video

TF Warren

Tarsco has served industrial clients for over 35 years providing EPC turnkey solutions for above ground storage tanks and ... > watch video

Events

NISTM The Woodlands

Save the date! NISTM’s 16th Annual National Aboveground Storage Tank Conference & Trade Show is coming to The Woodlands, ... > view event

Canadian Hydrogen Convention

Canada is playing a critical role in the development of the global hydrogen economy with innovators in production processes ... > view event

NISTM Orlando

NISTM’s 25th Annual International Aboveground Storage Tank Conference & Trade Show is the industry’s top event for connecting ... > view event

Global Energy Show

As North America’s Leading Energy Event, the Global Energy Show is the largest B2B exhibition and conference engaging with ... > view event

Oil & Gas Pipeline Leak Detection Congress

Advancing Leak Detection For North American Pipeline Operators - What’s Working Well? The original networking hub for ... > view event

Intermodal EXPO

Intermodal EXPO 2023 will be held Monday, Sept. 11 — Wednesday, Sept. 13, in Long Beach. Registration will open April ... > view event

Advertise with us

Thank you to our valued clients who advertise on Tank Storage News America including: