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

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

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

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

Previous Tank Storage News

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

IMTT announces

International-Matex Tank Terminals, an industry leader in the handling and storage of bulk liquid products, especially energy ... > read more

AMPP revolutionizes training

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

Previous Tank Storage News

Mesa ETP's products receive approval

Mesa ETP, a leading provider of innovative environmental protection solutions, is thrilled to announce that two of its flagship ... > read more

Energy Transfer and Crestwood announce

Energy Transfer LP and Crestwood Equity Partners LP have announced the expiration of the waiting period under the Hart-Scott-Rodino ... > read more

Vopak repurposed existing infrastructure

Vopak celebrates the repurposing of 22 tanks at Vopak's Los Angeles terminal in California, USA. With a combined capacity ... > read more

CMS awarded $11.6M fuels project

CMS Corporation have announced they have been awarded an $11.6M task order to repair fuel tanks at Gowen Field Air National ... > read more

Stolthaven Terminals to expand operations

Stolthaven Terminals has confirmed it will expand its facilities in the U.S. Gulf to continue to meet its customers’ growing ... > read more

U.S. Venture Inc. introduces innovative

U.S. Venture, Inc., a leader in the energy sector, has introduced an innovative solution for reducing volatile organic compound ... > read more

Previous Tank Storage News

Matrix Service Company announces

Matrix Service Company, a leading provider of engineering and construction services to the energy and industrial markets, ... > read more

CMS awarded $3.1M fuels project

CMS Corporation have announced it has been awarded a $3.1M project, “Repair Tank WB0001 At DFSP Okinawa, Japan and Replace ... > read more

Energy Transfer to acquire Crestwood

Energy Transfer LP and Crestwood Equity Partners LP have announced that the parties have entered into a definitive merger ... > read more

GMA welcomes Rick Miller

GMA welcomes Rick Miller to the Americas team as regional sales manager. Rick’s focus will be to support the commercialization ... > read more

AMPP enters MoU with American Water Works

Recognizing the importance of protecting assets from corrosion in water and wastewater systems, the Association for Materials ... > read more

IMTT awarded ILTA Safety Excellence award

IMTT was awarded the ILTA Safety Excellence Award for 2021. Out of all the companies that applied, IMTT was able to achieve ... > read more

Previous Tank Storage News

AMPP joins organizations

The Association for Materials Protection and Performance (AMPP) joined with more than 500 trade associations, professional ... > read more

Gibson Energy provides update on acquisition

Gibson Energy Inc. has reached a major milestone in its acquisition of South Texas Gateway Terminal LLC, as the waiting period ... > read more

Kinder Morgan issues

Kinder Morgan, Inc. have announced the publication of its 2022 Environmental, Social, and Governance Report. The report highlights ... > read more

CST Industries announce anniversary

CST Industries, Inc. the global leader in storage tanks and aluminum domes and specialty covers, proudly announces its anniversary ... > read more

IMTT's Sustainability-Linked Loan facility

International-Matex Tank Terminals, an industry leader in the handling and storage of bulk liquid products, especially energy ... > read more

NextDecade announces

The construction of the Rio Grande LNG facility at the Port of Brownsville is a significant development for the region, state, ... > read more