Tank Storage

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

NuStar Energy L.P. announces

NuStar Energy L.P. has announced robust results for the fourth quarter and full-year 2023, driven by strong revenues and volumes in its refined products pipelines and impressive performance in its Fuels Marketing Segment. In the fourth quarter of 2023, NuStar reported a net income of $70 million, or $0.37 per unit, compared to $92 million, or $0.18 per unit, in the fourth quarter of 2022. The results for the fourth quarter of 2022 included a gain from insurance proceeds for tank reconstruction at its Selby terminal. Adjusted net income for the fourth quarter of 2022, excluding these items, stood at $75 million, or $0.34 per unit. For the full year 2023, NuStar reported a net income of $274 million, or $0.72 per unit, compared to $223 million, or $0.36 per unit, in 2022... > read more

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Top Three Featured Tank Storage Articles

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

AMPP launches

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

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

Previous Tank Storage News

NuStar Energy L.P. announces

NuStar Energy L.P. has announced robust results for the fourth quarter and full-year 2023, driven by strong revenues and ... > read more

Corrosion and Coatings PAC hosts

The Corrosion and Coatings Political Action Committee announced its upcoming breakfast event featuring esteemed guest speaker ... > read more

AMPP announces winners

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

Vopak takes ownership

In a remarkable development from the US team, Vopak are thrilled to share the exciting news that Vopak is set to take ownership ... > read more

Excelerate Energy signs LNG purchase deal

Excelerate Energy, Inc. and QatarEnergy have announced the signing of a 15-year liquefied natural gas Sale and Purchase agreement. ... > read more

IMTT's first tank farm is getting an upgrade

International-Matex Tank Terminals (IMTT), the leading independent bulk liquids storage and logistics provider in North America, ... > read more

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AMPP announces appointment

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

AMPP announces winners

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

U.S. Energy™ completes solar project

U.S. Energy, a leading provider of refined products, alternative fuels, and environmental credits, has recently completed ... > read more

Jonathan Marks named President of Tanknology

D&H United, have announced that Johnathan (Jon) Marks has been named the President of its wholly-owned subsidiary, Tanknology, ... > read more

Sunbelt Rentals awarded

Sunbelt Rentals, a leading equipment rental company, has been recognized for its exceptional supply chain management by Bechtel, ... > read more

South Texas Gateway Terminal welcomes new team

STGT, also known as the South Texas Gateway Terminal, is a state-of-the-art crude oil export facility located in Ingleside, ... > read more

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Mesa Industries announces promotion

Mesa Industries, the parent company of Mesa ETP and Gunite Supply & Equipment, proudly announces the promotion of Adam Vance ... > read more

U.S. Energy™ and Strataflex Midstream complete

U.S. Energy, a leading provider of refined products, alternative fuels, and environmental credits, recently completed its ... > read more

Tarsco, a TF Warren Company awarded projects

Tarsco, a leading company in the industry, has recently secured a significant contract from a highly regarded client. The ... > read more

SilverBow Resources announces

SilverBow Resources, Inc. has announced the successful completion of its acquisition of Chesapeake Energy Corporation's oil ... > read more

AMPP announces Dr. Michio Kaku as speaker

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

Colonial Terminals announces acquisition

Colonial Terminals, Inc., a division of Savannah-based Colonial Group, Inc., acquired a bulk liquid terminal owned and operated ... > read more

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AMPP launches

The AMPP EMERG Student Outreach Program, a leading program for students in primary and secondary schools, students in high ... > read more

CST Industries, Inc. announces new partnership

CST Industries, Inc., a global leader in storage tanks and covers, is delighted to announce its exciting new partnership ... > read more

Energy Transfer completes acquisition

Energy Transfer LP have announced the completion of its previously announced merger with Crestwood Equity Partners LP. The ... > read more

IMTT announces sale of five inland terminals

IMTT have announced that it has closed on the sale of the company’s bulk liquids storage terminals located in Alamogordo, ... > read more

Chevron announces agreement to acquire Hess

Chevron Corporation have announced that it has entered into a definitive agreement with Hess Corporation to acquire all of ... > read more

ILTA announce very special guest

ILTA are thrilled to announce that a former U.S. President will be the closing keynote speaker at the International Operating ... > read more