Volume: 14
Issue: 1

Published:
February 26, 2018

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 new player in the European market

With 10 terminals in several strategic locations in western Europe, Alkion Terminals has ambitions to establish itselfas a significant pan European tank storage provider Alkion Terminals emerged onto the European market one year ago focused on acquiring and owning assets in key logistics gateway loc...


Investing in signficant potential on the Thames

Asignificant enhancement programme is taking place at NuStar’s Grays terminal, in the UK...


M&A activity surges on new found confidence

As the merger & acquisitions market in the storage sector experiences a resurgence thanks to several favourable market drivers, Nnamdi Anyadike takes a closer look at some of the key transactions taking place The mergers and acquisitions (M&A) market for the bulk and liquids tank storage sector is s...


Storage terminal investors: a decade of change

Energy expert Frank Schreurs, founder of In-Energy, examines how storage investor behaviours have changed since purchasing his first terminal 10 years ago Having worked in the energy sector for the last 20 years, I bought the first two terminals in 2007 in the ARA region...


Oil breakout in 2017 to gain momentum in 2018

Early in 2018, the US and international crude price benchmarks – West Texas Intermediate (WTI) and Brent – spiked to price levels last seen in December 2014...


IPTF terminal: defying the odds in the Middle East

IL&FS Prime Terminals’ strategic vision to become a key storage player in Fujairah is supporting its growth developments as work starts on its Phase II expansion In 2015 IL&FS Maritime embarked on its maiden venture into the tank storage sector with its 333,484 m3 facility in the flourishing Fujai...


Alternative gateway to Europe

Collaborative efforts between key stakeholders are gaining momentum to promote the Mediterranean as an alternative gateway to the ARA International energy trading hubs have grown exponentially in recent years thanks to favourable market dynamics as well as advancements in supply chain logistics...


Europe: a flexible storage market

As the great global energy market rebalance continues, talk turns to the looming IMO regulations and the opportunities it presents for operators...


The storage outlook

Six international storage operators with facilities across the globe review events from 2017 and share with Tank Storage Magazine what they think will be the big trends emerging in 2018…...


Overfill protection: A review of API 2350 4th & 5th edition

In a two-part article series, Philip Myers and Brock Trotter of PEMY Consulting examine the new 4th and 5th editions of API 230 and how it affects overfill standards The overfilling of a petroleum storage tank is potentially among the most devastating events that can occur at a terminal or refining ...


An entrepreneurial spirit to innovation

In just three years, Advanced 3D Laser Solutions has quickly established itself with a strong client base in the UK and Europe...


Good leadership in process safety

Understanding and managing risk is critical to any business. Traditional business practices focus on the management of financial aspects, but there are other important risks that a company faces...


The second line of defence

When primary storage containment fails, secondary systems step up to the mark to help prevent environmental catastrophes...


Reducing operational & financial risk

Valve management system eliminates the risk of an incorrect valve line-up for tank storage provider Everyone in the tank storage industry recognises the problem of product contamination...


Emulation: the cost-effective solution to tank gauging upgrades

Many terminal operators tend to make do with older tank gauging systems, as they believe upgrade projects would be too costly, complex and time-consuming...


Heightened security risks require adaptable operations

The increasing pace of digitisation over the last few years has made cyber security a core topic for the storage industry...


The safe approach to tank cleaning

Rapidly increasing storage capacity, increased HSE awareness & more stringent legislation has increased the need for safe, reliable, predictable and efficient approaches to tank cleaning practices Increasingly stringent and complex legislation and regulations have been introduced to the tank termina...


A culture of care to avoid catastrophe

Piper Alpha was the event which lead to the oil and gas industry reassessing its approach to safety...


Designing an optimal fire protection ITM programme

A fire protection system is only as effective as the inspection, testing and maintenance programme that is used to keep it running The effectiveness and reliability of fire protection systems continues to improve due to new technologies and the vast amounts of available data...


Making operator safety a top priority

When it comes to safety, terminals, refineries and chemical plants globally are always keen to highlight how much of a priority it is in their day-to-day operations...


Automated process control delivers safety and economy

The design and installation of the latest process control systems can deliver safe, efficient, highly cost-effective operations at storage facilities With an almost static demand from refined oil products, it is chemicals, biofuels and new liquids, along with modern distribution and advanced logisti...


Deluge valves make their way to the Middle East

The SA Fire Protection deluge valve portfolio adapts to heightened demands in the Middle East Petroleum Development Oman (PDO) recently awarded a project to Petrofac as the main EPC company, as well as to Tyco Fire & Security UAE...


The time of infrared inspections

Recently, an inspection of the insulation of an aboveground storage tanks (AST) with a drone and an infrared-camerawas completed by Foto Video König...