Volume: 11
Issue: 6

Published:
October 19, 2015

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


Growing in all the right places

Increased demand, improved utilisation and higher storage rates are all helping to boost profits at Magellan Midstream. In the last 10 years Magellan Midstream Partners has plough $3.8 billion into growth projects and acquisitions for refined products and crude oil storage, pipeline and distribut...


Keeping up with demand

Following the recent acquisition of a multi-modal crude oil terminal to strengthen its impressive storage asset inventory, Arc Logistics Partners is continuing to experience significant growth


Optimising the downstream revolution

Westway Terminals is positioning itself to take full advantage of another market shift instigated by the shale revolution


Capitalising on liquid gold storage opportunities

Completely altering a well-established business and operations model is an exciting prospect for Millard Maritime as they look to satisfy the growing need for storage space in the central gulf of the US. The port facility near Mobile in Theodore, Alabama currently offers comprehensive bulk and brea...


Crude connections in Houston

When crude oil production shifted up a gear and started to grow quite dramatically, Fairway Energy Partners saw an opportunity to optimise the demand for storage that would inevitably follow. The company recently secured funding from a private equity offering to convert three existing underground s...


Outlook for crude and petrol prices

Massive oil oversupply is pushing prices down as commercial inventories rise – one expert analyst makes his predictions for what may come next in such a volatile market. Trading in the crude and oil products futures markets in late August registered the largest one-day and two-day gains and los...


The implications of removing US crude export restrictions

The EIA provides an insight into the possible implications of relaxing or removing current crude oil export restrictions. The recent surge in domestic crude oil production coupled with the prospect of continued supply growth have sparked a debate over current crude export policies. Domestic crud...


The new normal for the US oil industry

Frost & Sullivan’s Carl Larry examines the impact the shale oil revolution is having on storage in the us and how it is only good news for operators


Saving time and money through advanced planning

US-based engineering and contracting company Landmark specialises in custom forming and fitting components before they are shipped to a storage facility. When the order arrives in the field for installation it will have already been burned and beveled, formed with customised dies, checked with fixt...


Ever had a tank bottom leak?

Were you able to determine if the leak was a result of bottom or top side corrosion? Virtually all aboveground storage tank (AST) owners have had a release through the floor plates of a tank at one time or another. Despite best practices outlined in API-650, 651 or 653, bottom-side corrosion still h...


A new technology for online or offline tank cleaning

By using an online tank cleaning approach a terminal operator can keep the tank in service, prevent the accumulation of tank bottoms and therefore remove the costs associated with tank downtime, loss of hydrocarbons and waste disposal. The Twister from Waterline Tank Technologies is a type of subm...


Guaranteed lightning protection

US-based EMP Solutions has entered into an agreement with US-based Vanguard Fire & Security Systems Oil & Gas Division, to sell, install, inspect and maintain the Halo PDCE lightning suppressor. The Halo PDCE lightning suppressor, new to the US market, provides 100% effective lightning protection w...


Progress in lightning and static protection

What have the latest revisions to NFPA 780 and API RP 545 achieved and how much work still needs to be done? Whereas lightning protection for external floating roof tanks formerly centered around shunts, recent scientific research has shown that another type of contact, the bypass conductor, is e...


Maximising crude oil storage capacity

As the supply of oil continues to outpace global demand, crude oil storage has become more important than ever. US stockpiles, which currently sit at 80-year highs, are testing the limits of the nation’s storage capacity. Estimates suggest the US has passed its 95% storage capacity, and experts ar...