BP has agreed to sell its US onshore wind business, BP Wind Energy North America Inc. (bp Wind Energy), to LS Power, a leading development, investment and operating company focused
North Sea operator EnQuest has acquired Harbour Energy’s offshore oil and gas operations in Vietnam. The deal covers Harbour’s 53.125% equity interest and operation of the Chim Sáo and Dua
Rystad Energy has reported that a consortium led by Abu Dhabi National Oil Company (ADNOC Group) has launched a non-binding US$18.7 billion (€16 billion) bid to acquire Australian LNG producer
Despite Europe’s deep political commitments to net zero, 65% of industry executives surveyed by the Energy Industries Council (EIC) say poor policy and governance are putting the region’s competitiveness at risk. Just 59% of continental energy companies reported revenue growth in 2024, the lowest rate among all global regions surveyed in the EIC’s ninth annual Survive & Thrive report. ‘Europe has the net zero vision but not the execution,’ says Stuart Broadley, CEO of the EIC, the world’s leading trade association for companies providing products and services to the energy industry. ‘Without cheaper energy and faster approvals, it will keep […]
IHI Corporation and Vopak have signed a joint development agreement to establish a new joint venture. Taking into account the ongoing progress of domestic infrastructure development within the country, IHI
UPEI – the voice of Europe’s independent energy and mobility suppliers – and FETSA – the Federation of European Tank Storage Associations – warmly welcome the European Parliament’s adoption of its resolution on Energy Security of Supply. Recent crises have exposed critical vulnerabilities in Europe’s energy systems and underscored the urgent need to build lasting resilience across all energy carriers. UPEI and FETSA are therefore encouraged by the Parliament’s comprehensive and forward-looking approach to strengthening Europe’s energy security framework. Notably, the resolution: Calls for a review of the Oil Stocks Directive to better reflect evolving risk profiles and energy needs; […]
bp has reached an agreement to sell its mobility & convenience and bp pulse businesses in the Netherlands to Catom. The sale is part of bp’s previously announced $20 billion
Global Energy Storage Group (GES) has announced the completion of the sale of its terminal located in the Port of Rotterdam, Netherlands. The facility, which includes 212,000 m³ of tank
Arabian Chemical Terminals Abu Dhabi (ACTAD) has established a new partnership with Chem Innovations Industries. The company announced the move on LinkedIn, saying: ‘We are proud to announce a partnership
The Premier of Sarawak (Malaysia, YAB Datuk Patinggi Tan Sri (Dr) Abang Haji Abdul Rahman Zohari bin Tun Datuk Abang Haji Openg, has been invited as a keynote speaker and panelist at the upcoming World Hydrogen Asia 2025, to be held in Tokyo, Japan from 8–10 July 2025. The Premier will headline the prestigious event, which brings together global hydrogen leaders to accelerate the transition towards a clean hydrogen economy across Asia. At the event, YAB Premier will deliver a keynote titled Sarawak’s Hydrogen Vision: Catalysing Green Growth for ASEAN and Beyond, highlighting Sarawak’s bold strides in pioneering the hydrogen […]
Hartree Partners, a global energy and commodities trading company, has closed its acquisition of ED&F Man Commodities’ four core business units: Volcafe (coffee), ED&F Man Liquid Products (molasses, animal feeds,
BWC Terminals‘ board has elected Georganne Hodges as its next chair, effective July 1, 2025. Hodges has served as a member of BWC Terminals’ board since 2022 and will succeed
Mitsui O.S.K. Lines (MOL) has officially become the 100% shareholder of LBC Tank Terminals, following the successful completion of the acquisition on June 30, 2025. This follows the initial announcement
The owner of the Lindsey oil refinery at Immingham, UK, has crashed into insolvency, putting hundreds of jobs at risk. Prax Group’s parent company, Sate Oil, has called in administrators
The Chemical Business Association (CBA) has expressed deep disappointment over the exclusion of the chemical supply chain and the wider chemical sector from the Government’s newly announced Industrial Strategy, despite the essential role the sector plays in UK industry and, indeed, the wider economy. The Industrial Strategy, which is a 10-year plan aimed at driving growth in eight key sectors, called the IS-8, through measures such as trade support and reduced energy prices, does not include the chemical sector. While facets of the chemical supply chain are briefly mentioned, the CBA believes that the chemical sector as a whole should […]
Saudi Arabian Basic Industries Corp (SABIC) has confirmed it intends to close the Olefins 6 facility in Teeside, UK. The cracker plant has been a staple of Teeside’s chemical industry
EEMUA has released EEMUA 249 (Edition 1) which brings together guidance for operators to consider when managing the risk posed by piping dead-legs in all types of process plants and
Greenergy, a leading UK supplier and distributor of transportation fuels, has reached an agreement to increase its capacity at the Exolum terminal in Grangemouth, Scotland. The deal will allow Greenergy
The Tank Storage Association (TSA) has published its Annual Review of the bulk storage and energy infrastructure sector. Now in its 10th edition, the publication continues to provide a broad range of statistics and valuable insights on terminals, process safety, occupational health and safety, and the industry’s contribution to the UK economy. It also highlights the changes that are currently taking place in the sector in response to longer-term shifts as a result of the energy transition, marked by increasing inventories of low emissions fuels. In partnership with Insights Global, the Annual Review has also evolved to include data on […]
Communities across Britain will benefit from good jobs and investment in the clean energy economy, as the government publishes its Clean Energy Industries Sector Plan to ‘build it in Britain’. Clean energy is the economic opportunity of the 21st century, and thanks to the government’s clean energy mission, investment is booming in the UK, with over £40 billion (€47 billion) of private investment in clean energy announced since July. This landmark plan, developed with industry, trade unions, and workers across all regions of the country, sets the UK on a path to unleash the tidal wave of jobs and investment […]
Aegis Vopak Terminals (AVTL), a strategic joint venture between Aegis Logistics Limited India and Royal Vopak is to develop an ammonia terminal in Pipavav, India. The terminal will be the
Mitsui O.S.K. Lines (MOL), Petronas CCS Ventures (PCCSV) and MISC have come together in a strategic joint venture, Jules Nautica. This JV will lead the development and act as the
Provaris Energy has achieved a significant milestone in the collaboration with Yinson Production under the Joint Development Agreement (JDA) for the development of an innovative large-scale liquid CO2 (LCO2) tank
Greenergy has agreed terms to acquire Armorine, an independent French importer and distributor of fuels and manufacturer of lubricants, headquartered in Brittany. Armorine was founded in 1932 and has grown
Stolthaven Terminals, through its joint venture Tianjin Stolthaven Lingang Terminal (Stolthaven Lingang), has signed a Memorandum of Understanding (MoU) with Itochu Corporation to collaborate on storage and logistics solutions for
Sir Jim Ratcliffe welcomed Belgian Prime Minister Bart De Wever to INEOS’ €4 billion Project ONE site in Antwerp – Europe’s largest chemical investment in a generation. With over 2,500
On 10 June 2025, the International Liquid Terminals Association (ILTA) announced the winners of its Safety & Leadership Awards. And the winners are… Outstanding Young Professional Award: Marissa Karl, Buckeye Partners Distinguished Service Award: Harold Laurence, Trinity Consultants Platinum Safety Award Winners Small Company: Howard Energy Partners Large Company: Marathon Petroleum Corporation Safety Excellence Award Recipients: Advario Benchmark River and Rail Terminals, LLC | Jurgensen Companies BWC Terminals Canal Terminal Company CITGO Colonial Pipeline Company Delek Logistics Partners Enbridge Energy (US) Energy Transfer Flint Hills Resources Howard Energy Partners Intercontinental Terminals Company, LLC Jefferson Energy Kinder Morgan, Inc. LBC Tank […]
TGE has released an update on the construction work at INEOS Project One’s Antwerp, Belgium, site. TGE is constructing a tank roof for the 197,000 m³ ethylene tank. The tank
Exolum has commenced fuel storage and aircraft refuelling operations at the newly expanded Jorge Chávez International Airport in Lima, Peru, having successfully completed the construction of a state-of-the-art fuel storage
Vopak’s joint venture AVTL has successfully completed its IPO in India, the company announced on LinkedIn. Dick Richelle, CEO of Royal Vopak: ‘We are very pleased with the successful realisation
BP Trinidad and Tobago’s (bpTT) Mento development has safely delivered first gas through connection of the initial discovery well. The drilling campaign for the remaining seven gross wells on the
ASCO, a leading logistics and materials management company, has been awarded a terminal handling contract with Alcoa in Mosjøen, Norway. Alcoa is the world’s eighth-largest producer of aluminium, and this
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