NISTM Show Guide Mailer - The Woodlands 2022

BUCKEYE PARTNERS COMPLETES ACQUISITION OF BEAR HEAD ENERGY

Texas-based petroleum firm Buckeye Partners has closed the acquisition of Bear Head Energy, which owns an LNG and clean energy project in Nova Scotia, Canada.

Bear Head Energy is developing a large-scale green hydrogen and ammonia production, storage and export project in Point Tupper, Nova Scotia with hydrogen electrolyser capacity of over two gigawatts.

On July 13, Buckeye said that it closed on the previously announced acquisition of Bear Head.

“Buckeye’s intention with this acquisition is to develop a largescale green energy production, distribution and export hub,” said Buckeye CEO Todd Russo. “Given the project’s unique features and the geographic advantages of the region, including its status as one of the top locations globally for wind energy generation, we believe that this has the potential to become one of the world’s premier green hydrogen production facilities.”

As part of the project’s phased development, Buckeye plans to partner with on-shore and offshore renewable energy developers to build out a large-scale green hydrogen hub for Atlantic Canada.

Buckeye and Bear Head believe this development will help support Nova Scotia’s carbon emissions

reduction targets and establish the region as a global leader in the production of green hydrogen.

Bear Head CEO John Godbold said: “Under Buckeye’s ownership, we believe that the Bear Head project will become a premier asset in the global hydrogen value chain by matching Nova Scotia’s considerable renewable resources with the world’s growing need for green fuels.”

Buckeye established its Alternative Energy operating segment as a clean energy business that focuses on alternative energy projects, including hydrogen, wind, and solar-powered energy solutions. The Bear Head project is to position Buckeye to meaningfully participate in the energy transition.

Schedule of 6-7,

HOWARD ENERGY LOOKING TO

DOUBLE NATURAL GAS CAPACITY IN SOUTH TEXAS

Lower 48 midstream giant Howard Energy Partners (HEP), through joint venture Dos Caminos LLC, said it plans to double its natural gas gathering, treatment and transport services in Texas to 2 Bcf/d as it eyes opportunities for LNG and Mexico exports.

The expansion, planned in the Austin Chalk formation and Eagle Ford Shale in South Texas, would be done through HEP’s partnership with an affiliate of Eagle Ford Midstream (EFM).

“Given our unique pipeline footprint and history in South Texas, we are best situated to respond to the significant natural gas production growth in the Webb County area,” said HEP CEO Mike Howard.

“These projects will be completed in phases with the initial phase anticipated to be completed in the third quarter of next year and the remainder in 2024.”

Dos Caminos throughput would be expanded by enhancing existing systems and greenfield projects. San Antonio-based HEP operates Dos Caminos. Together with EFM, whose 158-mile pipeline runs through the Eagle Ford, HEP now gathers, treats and transports up to 1 Bcf/d, which is destined for Mexico and Gulf Coast liquefied natural gas exports.

For more information visit www.howardenergypartners.com

FREEPORT LNG AGREES TO CORRECTIVE MEASURES AHEAD OF RESTART

Freeport LNG Development LP and the Pipeline Hazardous Materials Safety Administration (PHMSA) have entered into a consent agreement related to the June 8 incident at Freeport LNG’s 15-million ton/ year liquefaction plant on Quintana Island, Texas.

The obligations under the agreement are intended to ensure that Freeport LNG can safely resume initial LNG production and thereafter ultimately return to full operation of all liquefaction infrastructure, the company said in a release August 3.

The agreement includes corrective measures, many of which are currently underway, that Freeport LNG is to take to obtain approval for an initial resumption of LNG production from the plant.

Freeport LNG currently expects to complete necessary corrective measures, along with applicable repair and restoration activities, and resume initial operations in early October 2022. Initial operations are expected to consist of three liquefaction trains, two LNG storage tanks, and one LNG loading dock, which are expected to enable delivery of about two

bcfd of LNG, enough to support its existing long-term customer agreements, the company said.

In addition to the repair and replacement of physical infrastructure that was damaged, and as part of the corrective measures under the agreement, the company is evaluating and advancing initiatives related to training, process safety management, operations and maintenance procedure improvements, and plant inspections, the company said.

For more information visit freeportlng.com

NISTM offering this unique aboveground storage tank course taught by industry authority Philip Myers and Andrew Yearwood of PEMY Consulting.

This comprehensive and broad course is aimed at engineers, inspectors, regulators, administrators, and managers responsible for storage tank facilities who wish to improve their overall knowledge and understanding of these facilities in the petroleum, chemical, aviation and paper and pulp industries. More importantly, this course offers an excellent opportunity to network with others in the same situation and ask questions and consult with experts. The course has recently been expanded into two major sections each occurring on different days.

COURSE OVERVIEW14, 2020

Complete overview of various kinds of “tanks” used aboveground and underground in both vertical and horizontal configurations. We cover the fundamentals for the design, construction, operation, maintenance, and inspection of petroleum terminal and tank facilities. We discuss the different kinds of designs, best practices and the general considerations associated with storage tanks including the hazards of petroleum storage. Also addressed is the knowledge you need to know about keeping tank personnel safe.

Tanks 101 will also provide an overview of all the important tanks standards such as API 2610, API 2350, API 653. It will mention API 650 and API 620 but these will be covered in more detail in the Afternoon Segment. In order to provide sufficient background to prepare for Tanks 102, we provide the basic principles of floating roofs, foundations, fixed roofs, when and how to use of release prevention barriers, hydrostatic tests, materials of construction, and many other issues associated with existing tanks.

One 24,

Having designed and built a good tank the next problem is to ensure it remains safe and leak free. The focus is on the well-known tank inspection standard, API 653. The rules of API 653 will be covered and the contents of API 653, and API 575 will be explained in detail as time permits. We cover some of the various damage mechanisms such as brittle fracture, excess internal and external pressure, settlement, repairs and more. Mar ch 28 - 30 , 201 2

½ Day Corrosion

Fundamentals Course

Monday, December 5, 2022 from 1pm to 5pm

The Woodlands Waterway Marriott Hotel & Convention Center 1601 Lake Robbins Dr, The Woodlands, TX 77380

Held in conjunction with the 15th Annual National Aboveground Storage Tank Conference & Trade Show hosted by NISTM

In the ½ Day Corrosion Fundamentals Course, gain a basic overview of the theoretical and practical aspects of corrosion. Learn the definition of corrosion, types of corrosion, the costs and impact of corrosion, and why corrosion control is important. This abbreviated course serves as an introduction to corrosion and corrosion control.

This class will be taught by Lou Koszewski, who is an AMPP certified instructor with 30 years of experience in CP systems in above-ground storage tanks, a Cathodic Protection Specialist (CP 4), current Chairman of API 651 Committee, and past Chair of SPO193-2016.

Course offered by:

Scan to

Course hosted by:

KINDER MORGAN REPORTS SOLID GROWTH IN NATURAL GAS SEGMENT

“Our Natural Gas Pipelines segment continues to see strong demand for the extensive firm transport and storage services we offer, as well as favorable contract renewals. We are also prepared to invest more in the near term to support LNG growth as we pursue a robust set of opportunities for additional LNG transport capacity.”

Steve Kean, CEO of Kinder Morgan, reported: “Each of our business segments also outperformed the prior year period this quarter, with solid growth in our base natural gas business.

Kinder Morgan’s terminals segment reported improved earnings, with liquids volumes increasing in both truck rack terminals and refined product hub facilities.

Kim Dang, president of Kinder Morgan, said: “Persistent, steep backwardation in refined product futures price curves continued to present a headwind for product storage and blending economics, contributing to lower utilization rates and modest rate pressure, principally in our New York Harbour hub.”

Tank conversion work is continuing at the Harvey terminal in Louisiana to create a renewable feedstock storage and logistics hub for Neste. The facility is expected to begin operations in early 2023.

Kinder Morgan has reported adjusted earnings of $621m for the second quarter, up from $516m a year ago.

CAPTUREPOINT SOLUTIONS

SIGN LETTER OF INTENT WITH ENERGY TRANSFER

CapturePoint Solutions LLC (CPS), a subsidiary of CapturePoint LLC based in Allen, Texas, has signed a Letter of Intent (LOI) with a wholly owned subsidiary of Energy Transfer to participate in a feasibility study to capture CO2 emissions from Haynesville Shale natural gas production facilities for sequestration in the CPS Central Louisiana Regional Carbon Storage Hub (CENLA Hub).

The CENLA Hub has the potential to be one of the largest onshore deep underground carbon storage centers in the United States, with the capacity to permanently secure millions of tons of CO2 annually that would otherwise be emitted into the atmosphere.

Upon completion of the feasibility study in 2022, a positive Financial Investment Decision (FID) based on the commercial viability of the project would launch the first joint venture of Energy Transfer and CapturePoint Solutions. The proposed initial joint endeavor would capture, transport and

sequester CO2 emissions from natural gas processing facilities in the Haynesville Shale in Northwest Louisiana, one of the largest natural gas fields in the United States.

Energy Transfer would capture the CO2 from Energy Transfer’s affiliated natural gas facilities in the Haynesville Shale, and build and operate a pipeline to the CENLA Hub storage sites. CPS would build and operate capture services for third-party Haynesville Shale facilities, as well as develop the sequestration sites where all captured CO2 would be permanently secured in geologic storage up to two miles underground.

CPS is evaluating and developing several proposed storage sites in the CENLA Hub and filed for an EPA Class VI permit in June 2022 to advance the first operational location. The geology of deep underground carbon storage in the region, pending federal and state approvals, could ultimately allow the CENLA Hub to permanently sequester several hundred million tons of CO2. Beyond the CO2 sourced from the Haynesville Shale natural gas facilities, CPS will continue to seek additional industrial sources of carbon dioxide emissions for capture and storage in the hub.

Tracy Evans, CEO of CapturePoint Solutions, said: “The joint project with Energy Transfer could capture millions of tons of CO2 every

year from the Haynesville Shale natural gas industry to be permanently stored deep underground rather than emitted into Louisiana’s air. This is a significant first step in the development of the Central Louisiana Regional Carbon Storage Hub, and it highlights our expectations that the CENLA Hub will become one of the most important carbon storage projects in the nation.”

Mr Evans also stated that the potential partnership could have a decisive positive impact on the future of US Carbon Capture and Storage efforts: “Together, CapturePoint and Energy Transfer have the resources and expertise to deliver on the promise of deep underground carbon sequestration with world-class CO2 capture and transport via a pipeline network connecting to premier deep underground geologic formations where CPS can safely, securely and permanently store incredibly large volumes of CO2 that would otherwise be released into the atmosphere.

“This announcement is the culmination of a tremendous effort from the entire CPS team. Since we began CPS in 2020, we have assembled a cohort of professionals with unparalleled experience in all facets of carbon sequestration. They are ready to demonstrate that Carbon Capture and Storage is feasible on a large scale today, and their work is laying the foundation for reducing CO2 emissions even more significantly in the future.”

SB900:

A NEW ERA FOR STORAGE TANKS AND ITS EFFECT ON ASSET OWNERS & OPERATORS

DECEMBER 7, 2022 1:30PM - 4:30PM

ABOUT THE COURSE

The devastation caused by Hurricane Harvey in August 2017 and the following incident at a tank farm near Deerpark, TX in March 2019 spurred Texas legislature to pass into law SB900 a new Senate bill mandating that API construction, inspection, and repair standards as well as spill preparation and prevention measures that previously only applied to belowground storage tanks now be applied to all ASTs with >21,000 gallon barrels. The law is set

non-compliant. Coupled with the “Great Crew Change” and new NDT technologies creating massive amounts of data and new inspection strategies, these industry changes are brewing up the “perfect storm.”

In this course, Earl “The Tank Whisperer” Crochet of Crochet Midstream Consulting and John Evans from HUVRdata will provide tank specialists with more information about this “perfect storm,” including the implementation of SB900, what this law means for asset owners and operators today, and possible solutions to the impending storm. This course also will cover how seemingly burdensome regulations can be delicately applied and address the immediate need, but also improve operating performance, ROI and safety.

COURSE FEES & REGISTRATION

$100. Please visit page 31 of the show guide mailer to register.

ABOUT THE INSTRUCTORS

EARL “THE TANK WHISPERER” CROCHET

Earl Crochet, owner of Crochet Midstream Consulting, brings over 34 years of experience in pipelines and terminals and was the director of engineering for asset regulatory support for Kinder Morgan Terminals. He has served on several API committees and subcommittees since 1994, and also served on the Board of Directors for the ILTA until 2015, and currently Square Robot. Earl is also part of an ad hoc advisory committee of industry professionals that to aid the practical regulatory execution of SB900.

JOHN EVANS

John Evans is the Business Segment Director for HUVRdata. HUVRdata is the next generation Inspection Data Management Software Platform. Purposebuilt in the cloud, the mobile-connected and vendor-agnostic HUVR IDMS enables the aggregation, analysis, and automation of visual and quantitative energy producers and the most specialized inspection service providers have realized immediate ROI using HUVR to plan inspections, manage work, ingest and in concert with any existing systems of record. Industrial asset owners compliance, reliability and operational excellence.

TC ENERGY AIMS TO CONTINUE TO INCREASE KEYSTONE PIPELINE VOLUMES

On July 28, TC Energy said that, using an open season that dates all the way back to 2019, it aims to continue to ramp up Keystone volumes through the end of 2022, but declined to provide specific volumes, citing commercially sensitive deals. TC says that it placed almost one-third of its open season contracts into service during the past quarter. The goal also is to grow the southern leg of the Keystone network, the Marketlink Pipeline, which runs from the Cushing, Oklahoma storage hub to the Texas Gulf Coast.

François Poirier, CEO of TC Energy, said during a July 28 earnings call: “We safely reached nearly 610,000 b/d a day as we placed about 30 percent of the 2019 open season contracts into service. We’re increasing long-haul volumes on Keystone, and we’re also working to increase utilization on Marketlink.”

The earnings call comes just five days after Keystone returned to normal service following a nearly weeklong reduction in capacity triggered by damage at a third-party electric substation.

TC Energy continues to take smaller, measured steps to grow Keystone after the 2021 cancellation of the infamous Keystone XL Pipeline project, which became the political epicenter of the climate change battle, and had its permits revoked when president Joe Biden entered office. The $8 billion Keystone XL project would have increased production to 830,000 b/d of heavy crude. The 1,200-mile XL pipeline from Alberta to Nebraska would have connected to the existing Keystone system.

In 2021 TC Energy also put its base Keystone system open season on hold, following the axing of Keystone XL and a reduction in crude

demand during the worst of the COVID-19 pandemic.

However, TC Energy now wants to move more Canadian volumes — and US shale barrels — through its 2,700-mile Keystone system, which includes Marketlink. The Marketlink Pipeline can move 750,000 b/d from Cushing to Nederland, Texas. The Keystone Houston Lateral provides an additional, 47-mile expansion to Houston markets.

The question is how much higher TC plans to grow base Keystone’s capacity.

TC Energy for years has planned and delayed a 50,000 b/d capacity expansion to Keystone through optimization efforts. Also, TC sought to add 80,000 b/d to base Keystone through open season contracting if other barrels were moved onto Keystone XL. Former President Donald Trump in 2020 issued a permit to allow the existing Keystone system to expand its capacity up to 760,000 b/d from 590,000 b/d.

On July 28, TC Energy said it has $200 million in capital dedicated to overall liquids pipelines capacity increases from 2022 through 2023.

Bevin Wirzba, the company’s executive vice president of strategy and group executive of Canadian pipelines, said profits in the second quarter benefited from stronger Keystone volumes, but suffered headwinds from some weaker Marketlink volumes. TC Energy has an open season in 2022 for new Marketlink contracts amid higher crude oil prices and rising US and Canadian production volumes.

TC Energy also recently expanded its Houston storage tank terminal to accommodate more volumes. And, currently, TC is building a 3.5-mile pipeline link from the Netherlands to North America’s largest refinery by the Motiva Terminal at Port Neches, Texas. That project is expected to come online by the end of the third quarter.

Wirzba said of Marketlink and the Port Neches lateral: “Both of those open seasons

were very successful.” He explained that the aim is to soon turn Marketlink from a financial headwind to a tailwind.

In the meantime, the FBI is investigating the July Keystone disruption that forced the nearly weeklong reduction in capacity.

Keystone operated at a reduced capacity from July 17 after vandalism damaged a transformer at an East River Electric Power Cooperative substation in rural South Dakota that solely services the TC Energy flagship oil pipeline.

The company declared force majeure on the pipeline network on July 18 and operated all of the following week at a reduced, but unspecified, capacity, while electric transformer repairs were completed. Pricing impacts were limited due to the relatively short nature of the disruption and because some crude oil flows continued at a lesser capacity.

East River Electric Power Cooperative, which operates the Carpenter Substation in Beadle County, said a criminal investigation remains underway. East River said the damaged transformer was leaking mineral oil when the problem was detected.

AJ O’Donnell, product team director for East Daley Capital, said the disruption shines a light on the vulnerabilities of North America’s energy infrastructure and how easily the second-largest source of Canadian crude into the US can be impacted. US refiners, especially along the US Gulf Coast, are increasingly reliant on heavy Canadian barrels with supplies limited from the rest of the world.

O’Donnell said: “It’s always concerning when a huge pipeline like this goes down, especially in a constrained market like Canada is right now. It definitely can impact prices and send more volumes to rail.

“Obviously if the situation had dragged on, the situation starts to compound. We just don’t have the diversity of supply right now with Russia cut off.”

SHELL USA AND SHELL MIDSTREAM MERGER

Shell USA and Shell Midstream Partners have executed a definitive agreement and plan of merger, pursuant to which Shell USA will acquire all the common units representing limited partner interests in SHLX, held by the public at $15.85 per Public Common Unit in cash, for a total value of approximately $1.96 billion. A subsidiary of Shell USA currently owns 269 457 304 SHLX common units, or approximately 68.5 percent of SHLX common units.

SHLX’s assets include interests in entities that own crude oil and refined products pipelines and terminals that serve as key infrastructure to transport onshore and offshore crude oil production to US Gulf Coast and Midwest refining markets, and deliver refined products from those markets to major demand centers. Also included

are storage tanks and financing receivables that are secured by pipelines, and storage tanks, docks, truck and rail racks and other infrastructure used to stage and transport intermediate and finished products. Its assets also include interests in entities that own natural gas and refinery gas pipelines that transport offshore natural gas to market hubs and deliver refinery gas from refineries and plants to chemical sites along the US Gulf Coast.

The board of directors of Shell Midstream Partners GP LLC, the general partner of SHLX, delegated to a conflicts committee of the SHLX Board (the Conflicts Committee), consisting solely of independent directors, the review, evaluation, negotiation and determination of whether to approve and to recommend that the SHLX Board approve the Transaction. The Conflicts Committee, after evaluating

the Transaction in consultation with its independent legal and financial advisors, unanimously approved and recommended that the SHLX Board approve the Transaction. Following receipt of the recommendation of the Conflicts Committee, the SHLX Board reviewed the terms of the Transaction and the Merger Agreement, and unanimously approved the Transaction.

The Transaction is expected to close in 4Q22, subject to customary closing conditions.

A subsidiary of Shell USA, as the holder of a majority of the outstanding SHLX common units, has delivered its consent to approve the Transaction concurrently with the execution of the Merger Agreement. As a result, SHLX has not solicited and is not soliciting approval of the Transaction by any other holders of SHLX common units.

SUPPLIERS WITH BUYERS IN THE U.S. TANK STORAGE MARKET CONNECTS

“The past year has been a challenging one getting campaigns going with limited resources. We partnered with Storage Terminals Magazine because of their targeted reach and comprehensive advertising packages that include webinars - and we got so much more.

The Storage Terminals Magazine team is accessible with above average response times, provides creative support with fast turnaround, lends advocacy via social channels for every new piece of content or communication we have executed, automatically send metrics reports - very professional, and the numbers we’ve been able to reach are impressive. you for a great year.”

Liliana M. Pereira

Global Customer Marketing, Honeywell | Process Solutions

“Thank YOU to the Storage Terminals Magazine and Tank News International team.

We love working with you and our growth has been over 34% because of it!”

Robin M. Frye Marketing Manager, TF Warren Group

“Greg, Christian and the entire Storage Terminals Magazine team are a pleasure to work with. Their well-respected industry publications give Dearman a strong outlet for advertising and content.

With their expertise in digital marketing and advertising, the Storage Terminals Magazine team has bolstered our online presence, including on LinkedIn. Additionally, Greg and his team helped us plan and promote a webinar, which was a big success.”

Sam Reid

CEO, Dearman Systems, LLC

“I would like to thank the entire team at Storage Terminals Magazine for the exceptional level of assistance and support that you have provided to us this year. As a young company, DirecTank needed to find the right advertising partner very early-on, and there is no doubt that we succeeded with Storage Terminals Magazine.

The access to your impressive network of followers has without question been instrumental to our early success, and it has served to accelerate our global exposure. The overall level of service and support has been excellent, with much appreciated guidance as we have navigated through our inaugural campaign.”

Brandon K. Austin, P.E. Vice President/General Manager, DirecTank Environmental Products