Volume: 8
Issue: 2

Published:
February 27, 2012

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


Recession hits refineries

Dwindling refining margins, aging infrastructure and increasing competition with Asia and North Africa mean many refineries across western Europe and the US are either up for sale, partially closed, mothballed, in the middle of conversion to a terminal, or have already been converted. Not all ...


Black gold rush

Texan oilman George Mitchell was a rich man when he started work in the 1980s to unlock gas from the Barnett Shale in Texas. He was even richer in 2002 when his company, Mitchell Energy & Development, was sold to Devon Energy for $3.5 billion (€2.6 billion). Another decade on andthe horiz...


Gearing up for REACH 2013

Almost a year has flownby since the first phase of REACH registration completed successfully, with manufacturers, importers and distributors of over 1,000 tonnes of chemicals a year registering their chemicals with the European Chemical Agency (ECHA). Since that time, the chemical industry has sh...


Latest in the pipeline fight

January’s decision by the Obama administration to deny TransCanada a presidential permit for its Keystone XL Pipeline project maintains the uncertainty in how to better monetise growing production of Canada’s oil sands and shale oil in North Dakota and Montana. It also blurs the market’s respo...


Preparing for a big freeze

IMTT’s terminal in Quebec, Canada was purchased in 1986, and now has 52 storage tanks ranging between 100m3 and 34,500m3 capacity. What makes the terminal different from most other terminals is the environmental condition in which it has to operate. Marc Dulude, executive VP, told Tank St...


Turning uncertainty into opportunity

These are challenging times for the European project. The sovereign debt crisis continues to bite, with Greece promising to implement further austerity measures in a country already pared to the bone; Germany’s leaders under pressure at home not to capitulate to further bailouts of feckless ...


Selling? Important factors for the smaller independents

Smaller scale, family owned independent storage operators continue to enter the market, particularly in regional niches in mature markets like the US and western Europe, as well as in the rapidly growing markets in Vietnam, India, Brazil and elsewhere. In order to embark on the journey of a...


No such thing as waste

Belgium-based Anno Chemicals is no ordinary trader. The company specialises in recovery, storing and redistributing off spec product. Although refiners, shipping companies and terminal operators take every possible precaution to prevent cross-contamination and product degradation, incidents...


Keeping everything in one place

TanQuid, Germany’s biggest independent tank terminal operator, was faced with this particular challenge in 2008. At that time, TanQuid was a business created from three newly merged companies with completely different system structures. It was clear what had to be done. The new company urgen...


Europeâ

As Europe is going through an unprecedented financial and economic crisis, the oil and gas industry continues to face an uncertain business environment. Another recession could lead to reduced demand and further increase the pressure on margins in downstream operations. This has suppliers and ...


Increasing inspection activity

Storage tanks are an essential part of the distribution network and are vital in buffering the varying demands of end users. They are most commonly built from steel with thickness from 5-15mm. Steel is a relatively cheap and strong material that can be easily fabricated on site but does have t...


Cooperating with the customers

Inspection and maintenance of storage tanks and piping systems are not only expensive but also involve risks. Nevertheless, inspections are often carried out too frequently and unnecessarily. Fixed frequencies are strictly observed only to conclude, after the fact, that inspection was not real...


Fire fighting on the go

Mobile high volume pumping is constantly developing in order to get bigger, better, faster and lighter equipment to help fire fighters fulfil their tough job. Incidents such as the Buncefield oil terminal fire in the UK, the Dalian pipeline explosion in China, and the Fukushima Nuclear reac...


TEEX announces revision to fire fighting training

One of the worst case scenarios emergency responders face each year is incidents involving fires at flammable liquid storage facilities. According to the National Petrochemical and Refiners Association (NPRA), there are 16.8 million barrels of product refined in the US each day from 149 operab...


There is such a thing as a free lunch

In less than five months a new bitumen storage tank was built at the Shell Nederland Raffinaderij’s TGI plant in Pernis, the Netherlands. Construction took place during the third and fourth quarter of 2011. Since the tank was built in a live environment, safety was of the utmost importanc...


The green clean

Over the past 10 years increasingly stringent health, safety and environmental regulations have been driving the need for more specialised and effective cleaning products and processes. These can reduce the volume of waste produced from tank cleaning as wellas cutting the time it takes to c...


Oiltanking enhances actuators

Oiltanking installed a new split body ball valve at its Mediterranean Malta Tank Terminal in 2011. This is a first for Belgian valve supplier Belven, which supplied the BV4 valves, equipped with SI-Pro fail-safe actuators from Rotork Skilmatic. Rotork’s local agent Prodim, a specialist in...


Petroleum loading with a safety rope

Breakaway couplings are compulsory in many situations, but operators still need to decide on the most efficient variety. The Kiel Canal in Schleswig-Holstein connects the Northand Baltic Seas and makes the longer detour around Denmarkof about 900km unnecessary. This saves fuel as well as ti...