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US seeks up to 3 million barrels of oil for emergency

The U.S. on Monday said it is seeking up to 3 million barrels of oil for the Strategic Petroleum Reserve for delivery through May next year, a

Oil storage

They also extend to companies who refine or distribute oil. The Regulations set minimum design standards for new and existing above ground oil storage facilities, codifying existing good

Iran''s Floating Oil Storage Jumps Amid Tighter Sanctions

US sanctions on Iranian oil tankers are causing a logjam of Iranian oil in floating storage offshore Southeast Asia, as Chinese buyers

Compliance Concerns Associated with Increasing Oil Storage

Reduced demand and falling oil prices have led to a surplus in oil inventories resulting in owners/operators considering options for either expanding existing oil storage capacity or

Exxon wants to make more of the materials needed for EV batteries

The oil giant said Tuesday that it was acquiring assets from a Chicago company as it looks to start producing graphite, a key battery ingredient, by the end of the decade.

Oil Storage

Future Expansion – New Terminal Now that the economic environment is stabilizing and expected to witness steady growth in the future and Gulf Energy is planning to construct the new oil

Dongjiakou builds China''s largest oil storage facility

The first, second and third phases of the Dongjiakou commercial crude oil storage tanks which have a combined storage capacity of 5.2 million cubic meters have been

Storage of Crude Oil

Facility owners or operators considering either an increase in existing oil storage capacity and/or creation of new oil storage facilities may be subject to the EPCRA requirements.

The Outlook for Oil Storage in a Lower-Carbon Economy

Our initiatives and programs are designed to address critical needs in key focus areas around energy and climate policy. Explore our expert insights and analysis in leading

Indonesia''s new CCS/CCUS regulations test policy waters in Asia

Indonesia''s recently-launched regulations for carbon capture utilization and storage projects are among the first in the Asia-Pacific region and could become the yardstick for successful

OPEC

The World Oil Outlook (WOO) 2025 provides a comprehensive and forward-looking assessment of the global oil industry, offering key insights into supply and demand dynamics, investment

The future of oil and gas storage: Trends and

The oil and gas industry is changing to reduce emissions and shift to a low-carbon future, leading to significant transformation in the oil and

White House Outlines Priorities on Oil and Gas, Offshore Carbon

The White House''s regulatory agenda landed on 4 September, solidifying plans for rules that could boost the oil and gas industry and laying out a timeline for offshore carbon

Asia Pacific Oil and Gas Storage Tank Industry Research

Open Top segment dominates in the Asia Pacific Oil and Gas Storage Tank market in 2023, due to several key factors that cater to specific

Choosing the Right Container for Oil Storage: A Comprehensive

In conclusion, selecting the right container for oil storage is a critical decision that requires careful consideration of several factors, including the type of oil being stored, the

EPA''s Final Rule for Oil and Natural Gas Operations:

On December 2, 2023, the U.S. Environmental Protection Agency (EPA) announced a final rule (opens in new window) that will sharply

Oil Tank Regulations

Oil Storage Regulations for Commercial and Domestic Tanks, Drums and Bowsers Did you know that there is a different legal limit on how much fuel you can store at your business and at

DPS Rolls Out New Driver License Design

AUSTIN – The Texas Department of Public Safety (DPS) has rolled out a new design on Texas driver license (DL) and identification (ID) cards. Beginning today, Aug. 18, all

Newsom calls for new oil refinery mandate in California

SACRAMENTO — In the latest episode of his political fight with Big Oil, Gov. Gavin Newsom on Thursday called on California lawmakers to pass new requirements on oil

What are oil storage regulations?

Oil storage regulations are designed to protect the environment and public health by ensuring that oil stored in tanks meets specific safety standards. These regulations are intended to prevent spills and leaks from causing harm to people or the environment. The regulations cover both onshore and offshore operations.

What are the benefits of oil storage regulations?

Following oil storage regulations can have numerous benefits for big and small businesses. For one, properly storing oil products is essential in avoiding accidents that could be costly and put human lives at risk.

Are oil storage tanks regulated?

Both the Occupational Safety and Health Administration (OSHA) and Environmental Protection Agency (EPA) have established regulations for oil storage tanks, which include requirements for tank design, containment systems, and emergency response plans. In general, oil storage compliance regulations address the following issues:

Should oil storage facilities be regulated by EPA?

EPA recommends that facility owners or operators increasing existing storage capacity and/or creating new oil storage facilities should ensure the oil is stored in accordance with applicable federal Spill Prevention, Control and Countermeasure (SPCC) and Facility Response Plan (FRP) requirements.

What is an oil storage advisory?

This advisory is designed to help owners and operators of new and existing oil storage facilities achieve and maintain compliance by better understanding federal regulatory requirements that may apply to their site. The assistance provided here focuses on Clean Water Act requirements, but other environmental regulatory requirements may also apply.

What are the responsibilities of oil storage facilities?

In addition to outlining the technical requirements of oil storage facilities, these regulations also detail the responsibilities of operators who store various petroleum products. These include properly maintaining equipment and reporting any incidents related to the storage or transportation of petroleum products.