London, 12th February 2018 — Geospatial Insight Limited, Europe’s leading provider of satellite-derived alternative data, independent research and image analysis, today announced the launch of TankWatch, a new monitoring service which represents a significant development in the facility for global oil storage to be managed and monitored.

TankWatch uses image recognition and spectral profiling combined with rapid data processing to report on critical global oil storage terminal locations and provide unparalleled and time-sensitive insight into global oil inventories and storage levels. TankWatch uniquely combines cloud-penetrating radar imagery together with other very high-resolution satellite gathered information to ensure that the required data is captured, regardless of weather and visibility conditions. This combination of satellite and aerial data ensures that TankWatch is able to deliver the most accurate oil inventory analytics in the world, tailored to meet the needs of oil industry professionals and traders.

“The completion of Geospatial Insight’s Series A fund raising last year has enabled us to invest significantly and thoughtfully in new satellite based intelligence and information sources for our global client base.”

Dave Fox – CEO of Geospatial Insight

Driven by the recognition that official reported data from the energy sector was not always robust or comprehensive, Geospatial Insight found that accurate and up-to-date Information regarding oil storage levels, particularly in some locations, was very difficult to source. In many cases it has been impossible to obtain for some countries and regions and when available, then often only at an aggregated level. TankWatch enables oil sector professionals to benefit from a more granular and reliable level of insight into current oil inventory levels, thereby gaining an understanding of the global trade balances of the physical oil market, with resultant advantage for corporate strategy and planning, fundamental analysis, trading and investing. Critically, TankWatch provides storage level data for each site within 24 hours of satellite image acquisition, ensuring that subscribers benefit from first-to-market advantage.

“TankWatch offers what we believe is the very best in class oil storage information source, providing the most accurate, transparent and reliable oil storage intelligence, and ultimately value to our clients.”

Dave Fox – CEO of Geospatial Insight

TankWatch uses actively tasked satellites to capture images at the same time in monthly, weekly, or client defined measurement periods with satellites focused on key oil storage locations across Asia, the Middle East, Africa, Europe and the Caribbean. A bespoke, premium service is also available to clients that have their own list of alternative locations where they require regular storage intelligence. TankWatch has been developed in collaboration with a major satellite company to guarantee a competitive edge over other services which ensures Geospatial Insight’s TankWatch is the market leading oil storage monitoring service.


About the Author: Dave Fox

Dave has a long background in the geospatial sector, acting as CEO of Infoterra UK from 1998 to 2010. With a profound understanding of the geo-information services industry, Dave grew the business fivefold in that period, also participating on the executive board of the wider SPOT-Infoterra Group for ten years. Dave then became Managing Director of Blom Aerofilms and VP of Operations of the wider Blom Group. Dave founded Geospatial Insight in 2012, providing differentiated intelligence products for major clients in the insurance, capital trading and energy sectors. He is responsible for overall strategy and leading corporate and insurance sector client relations.

Back to blog

Latest from the blog

About us

Geospatial Insight was established in 2012 by a team of highly experienced Geospatial experts to address a gap in the market for delivering actionable business intelligence sourced from satellite imagery.

Today the company has an enviable market position as one of the leading providers of geospatial intelligence in the World.

Meet the team

Join us

Interested in being part of our ambitious team? Then we’d love to hear from you. Our standards are high.

If you think you’ve got what it takes to be part of our rapidly growing company, why not send us your details along with your CV.

Find out about our culture

Latest tweets

Insurance companies can expand their use of geospatial technologies to decrease claims response times and improve r…

Don’t miss this exciting opportunity to win a drone, simply follow @geo_insight and use the following link to answe…

Follow us on twitter