Skip to content
Top Tank Storage Stories

ConocoPhillips to acquire Marathon Oil

ConocoPhillips and Marathon Oil Corporation have announced a definitive agreement where ConocoPhillips will acquire Marathon Oil in an all-stock transaction valued at $22.5 billion, including net debt of $5.4 billion. Under the terms of the agreement, Marathon Oil shareholders will receive 0.2550 shares of ConocoPhillips common stock for each share of Marathon Oil common stock, representing a 14.7 percent premium to the closing share price of Marathon Oil on May 28, 2024. Ryan Lance, chairman and CEO of ConocoPhillips, stated that the acquisition of Marathon Oil deepens their portfolio and aligns with their financial framework. He emphasised the shared values and culture of both companies, focusing on safety and responsible operations to create long-term shareholder value. The transaction is immediately... > read more

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
Top Three Featured Tank Storage Articles
OPW Clean Energy Solutions expands

OPW Clean Energy Solutions expands

ACME Cryogenics®, part of OPW Clean Energy Solutions, a leading developer and supplier of fluid-handling equipment and systems...
> read more
Stolthaven Terminals embarks

Stolthaven Terminals embarks

Stolthaven Terminals is pleased to announce the initiation of construction for 13 new cutting-edge storage tanks at the Stolthaven...
> read more
Sunoco completes acquisition of NuStar Energy

Sunoco completes acquisition of NuStar Energy

Sunoco LP has recently finalized the acquisition of NuStar Energy L.P. and simultaneously announced a 4 percent boost in...
> read more
Tank Storage News
ConocoPhillips to acquire Marathon Oil

ConocoPhillips to acquire Marathon Oil

ConocoPhillips and Marathon Oil Corporation have announced a definitive agreement where ConocoPhillips will acquire Marathon ... > read more
OPW Clean Energy Solutions expands

OPW Clean Energy Solutions expands

ACME Cryogenics®, part of OPW Clean Energy Solutions, a leading developer and supplier of fluid-handling equipment and systems ... > read more
Stolthaven Terminals embarks

Stolthaven Terminals embarks

Stolthaven Terminals is pleased to announce the initiation of construction for 13 new cutting-edge storage tanks at the Stolthaven ... > read more
CB&I wins three prestigious tank

CB&I wins three prestigious tank

CB&I, a wholly owned unrestricted subsidiary of McDermott, has been honored with three Tank of the Year awards by the Steel ... > read more
Sunoco completes acquisition of NuStar Energy

Sunoco completes acquisition of NuStar Energy

Sunoco LP has recently finalized the acquisition of NuStar Energy L.P. and simultaneously announced a 4 percent boost in ... > read more
Eavor partners

Eavor partners

Eavor, in collaboration with key stakeholders including the Government of Alberta, the Canadian Association of Energy Contractors, ... > read more
Tank Storage News
Eugene B. Caldona, Ph.D., Wins

Eugene B. Caldona, Ph.D., Wins

The Association for Materials Protection and Performance (AMPP), the global authority in materials protection and performance, ... > read more
Tradebe Environmental partners

Tradebe Environmental partners

In a strategic move to address the burgeoning demand for hazardous waste treatment capacity, Tradebe Environmental Services ... > read more
AMPP reaffirms

AMPP reaffirms

On World Corrosion Awareness Day, the Association for Materials Protection and Performance (AMPP) reaffirms its commitment ... > read more
GMA joins Jebsen & Jessen Group

GMA joins Jebsen & Jessen Group

In an exciting development, Jebsen & Jessen Group has announced the acquisition of GMA Garnet Group, marking a significant ... > read more
Vopak reports strong Q1 2024 results

Vopak reports strong Q1 2024 results

Vopak has reported robust financial results for the first quarter of 2024, showcasing strong growth and performance across ... > read more
ILTA promotes Leakhena Swett

ILTA promotes Leakhena Swett

The International Liquid Terminals Association (ILTA), a leading industry association representing the liquid terminals sector, ... > read more
Tank Storage News
CRC Evans bolsters senior team

CRC Evans bolsters senior team

CRC Evans, a prominent provider of coating and welding services, has named Justin Shaw as the head of group treasury. With ... > read more
AMPP launches

AMPP launches

The Association for Materials Protection and Performance (AMPP), the global authority in materials protection and performance, ... > read more
AMPP 2024 annual conference

AMPP 2024 annual conference

The 2024 AMPP Annual Conference + Expo not only marked a year of significant achievements and milestones for the Association ... > read more
Kinder Morgan announces

Kinder Morgan announces

Kinder Morgan, Inc. has announced the nomination of Amy W. Chronis to stand for election as a director at its upcoming annual ... > read more
Petro-Canada corporation partners

Petro-Canada corporation partners

Canadians have a new reason to embark on exciting journeys with the launch of a loyalty partnership between Petro‑Canada’s ... > read more
Former CPChem receives

Former CPChem receives

Bruce Chinn, the recently retired president and CEO of Chevron Phillips Chemical, received recognition today at the World ... > read more
Tank Storage News
Sutphen Corporation Celebrates

Sutphen Corporation Celebrates

Sutphen Corporation, the nation’s largest family-owned and operated fire apparatus manufacturer based in Dublin, Ohio, ... > read more
Zeeco and ExxonMobil partner

Zeeco and ExxonMobil partner

In the realm of chemical process industries, where sustainability initiatives are gaining momentum, hydrogen emerges as a ... > read more
MFE unveils

MFE unveils

MFE Inspection Solutions, a leading provider of industrial inspection solutions, is proud to introduce the BAQ alphaDur Mini ... > read more
EPA honours MPC

EPA honours MPC

Marathon Petroleum Corporation has once again demonstrated its commitment to energy efficiency, with five of its refineries ... > read more
Chevron joins

Chevron joins

Chevron Corporation’s subsidiary, Chevron Uruguay Exploration Limited, has struck a deal with Challenger Energy's Uruguayan ... > read more
Englobe's partners

Englobe's partners

Englobe is thrilled to announce its partnership with Tanknology and Austin Gilchrist, ushering in a revolutionary service ... > read more