Volume: 13
Issue: 2

Published:
March 24, 2017

Tank Storage Magazine

Tank Storage Magazine is the leading industry publication dedicated exclusively to the bulk liquid storage industry. It is read by terminal managers, senior engineers, logistics/distribution managers and CEOs within oil, gas and petrochemical facilities as well as third party terminal operators.



Headlines


A Middle Eastern first

The completion of Project Black Pearl, expanding Vopak Horizon Fujairah’s capacity to store crude oil, makes it one of the largest independent oil terminals in the world. Vopak Horizon Fujairah proudly holds the accolade for the first independent crude oil capacity in the Middle East with open acc...


Securing safety excellence in storage

A Dutch Safety Board report in the wake of Odfjell’s high-profile safety incident in 2012 reveals that while worthwhile improvements have been made at high-risk companies, there is still more to be done. The high-profile safety incident at Odfjell Terminals Rotterdam was a wake-up call for h...


A gateway to global business

The second largest petrochemical, oil and gas hub in the UAE boasts a flourishing investment climate for tank terminal operators and acts as a crucial gateway for global trade. The Hamriyah Free Zone is positioned in one of the most promising regions for future global oil and gas markets and ...


Storage: a rapid growth story

When it comes to global tank storage, it is very much a story of rapid expansion and growth as energy markets grapple with the ongoing oil market oversupply and demand increases. According to the International Energy Agency’s Market Report Series: Oil 2017 – its five-year oil market foreca...


Ethanol is not petrol - test results raise fire safety issues

The Etankfire project provides a platform of knowledge to ensure proper investment in fire protection of ethanol storage facilities and phase 1 of the project is now complete. It included two large scale free-burning tests and 43 tank fire extinguishing tests in reduced scale. The results clearly sh...


Oil logistics: the highest level of data exchange fidelity

Varo Energy uses iGOS Data Exchange to communicate with customers and suppliers. In 2014, Swiss-based petroleum company Varo Energy experienced a huge jump in profits after it had acquired 45% of the Bayernoil refining company along with the sales buiness of various tank storage facilities in ...


Integrated terminal automation solution facilitates remote depot management

Automation and tank gauging software allowed oil distributor to expand services and cut costs. The commissioning of a new unmanned depot to expand the geographical reach of one of Ireland’s leading oil distributors required a proven terminal automation and tank gauging system. Flynn Fuels, p...


Risk management or risk blindness?

If you want senior management to pay attention give them something that challenges their focus – and understand that their focus is on the growth and sustainability of their business; not necessarily on compliance issues. Their focus is on business survivability – will we be in business t...


Avoiding costly pitfalls of floating roof seals

Floating roof seals seem relatively straightforward. Many tank engineers treat seals as an afterthought, delegating seal decisions to tank maintenance contractors and this may be fine most of the time. However, there are a handful of critical pitfalls that, when combined with the right circumstances...


Detecting the leak and reducing the costs

Infrastructure failures or human error can increase a plethora of risks in newly built storage tanks, but especially older storage facilities. The presence of an immediate leak warning system is crucial as it is the last sentinel before escalation to a disaster and it should be the conclusion of a s...


Staying ahead with digitalisation in tank storage

Automated processes are essential for storage operators to achieve efficiency, reducing total cost of ownership and staying ahead of competition, especially in volatile markets. Process control is an integrated part of an automation system from the field device level up to the management execution l...