TERMINAL NEWS
Stay up-to-date with the latest news, insights and analysis on the global terminal industry, from new oil and gas projects, ammonia and hydrogen MoUs to the energy transition and incidents at storage terminals.
LBC Raises €225m In USPP Issue
LBC has announced that it has raised €225 million through a recent US private placement (USPP) issue. Over the past decade, LBC has realised substantial growth, driven by its focus
Neste Introduces Co-Processed Renewable Feedstock For Chemicals Industry
Neste has introduced a co-processed renewable feedstock under its established Neste RE brand. By co processing renewable raw materials such as used cooking oil together with fossil crude oil in
Exolum Announces First Sustainable Financing of £500 million
Exolum strengthens its commitment to decarbonisation by integrating this goal into its financing strategy through the signing of its first sustainable loan for a total amount of £500 million (€602
Oiltanking to Sell 37% MOGS Stake to Aquarius Energy
Aquarius Energy has announced its intention to acquire Oiltanking’s 37% stake in Oiltanking MOGS Saldanha (OTMS) from Oiltanking. OTMS is a state of the art 10 million barrel storage and
Power2X Selects Honeywell for Rotterdam eFuels Project
Power2X has announced a strategic collaboration with Honeywell to implement Honeywell UOP’s eFiningTM methanol-to-jet processing technology in Power2X’s eFuels Rotterdam project – a large-scale production and storage hub for sustainable
Neste to Supply Air New Zealand SAF
Neste and Air New Zealand have signed an agreement for the supply of 23,000 tonnes (30 million litres) of unblended Neste MY Sustainable Aviation Fuel. It is the airline’s largest
INEOS Energy To Acquire Oil & Gas Assets in Gulf of Mexico
INEOS Energy has announced the acquisition of the Gulf of Mexico business held by CNOOC Energy US, a subsidiary of CNOOC International. These assets in the Gulf of Mexico are
Air Liquide Awarded €110 Million Grant for Hydrogen
Air Liquide has been awarded a grant of €110 million from the European Innovation Fund for its Enhance project in the Port of Antwerp-Bruges, Belgium, that aims to produce and
Shell Invests In Nigerian Deep-Water Project
Shell Nigeria exploration and production company (SNEPCo), a subsidiary of Shell, has announced a final investment decision (FID) on Bonga North, a deep-water project off the coast of Nigeria. Bonga
Linde Working on Heidelberg Materials Carbon Plant
Linde has been working alongside Heidelberg Materials on the CAP2U project – the world’s first large-scale carbon capture and liquefaction facility. Located at Heidelberg’s cement plant in Lengfurt, Germany, the
BP & XRG to Launch Natural Gas Platform
BP and XRG have reached financial close and completed formation of their new joint venture and international natural gas platform – Arcius Energy. Announced in February 2024, Arcius Energy is
Raffinerie du Midi Acquires Imrat Engineering
Raffinerie du Midi has integrated Imrat Engineering into its activities. This strategic acquisition of a long-standing partner marks a new stage in the development of its expertise, strengthening the wide
Veri to Explore Sullom Voe Carbon Storage
Veri Energy has signed a memorandum of understanding (MoU) with the Severnside Carbon Capture and Shipping Hub (7CO2) to explore CO2 being transported from England to Sullom Voe Terminal (SVT)
Seplat Energy Acquires MPNU from ExxonMobil
Seplat Energy, a leading Nigerian energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange, has completed its acquisition of Mobil Producing Nigeria Unlimited (MPNU) from
Chane Completes Botlek Dome Roof
Chane has recently completed the installation of the final dome roof at Tankpit 27 at its Botlek terminal, Netherlands, the company announced on LinkedIn. The roof covers 84,000 m3 of
RINA Awarded Petronas CCS Pre-FEED Contract
RINA, a global leader in inspection, certification, and engineering consultancy services, has been awarded a contract by Petronas CCS Solutions to carry out a pre-FEED (preliminary front-end engineering design) study
Tepsa & Madoqua To Develop Portugal-Netherlands Green Corridor
Tepsa has signed a memorandum of understanding (MoU) with Madoqua and other value-chain partners to facilitate a Green Corridor from Portugal to Germany and the Netherlands. Green shipping corridors are
Northern Endurance Partnership Launches UK CCS Project
Northern Endurance Partnership (NEP) has announced financial close, allowing to proceed with the execution of the first CCS project in the UK. NEP, in which TotalEnergies holds a 10% shareholding
INEOS Reaches FID Of CO2 Storage Facility
INEOS, Harbour Energy, and Nordsøfonden have announced the final investment decision (FID) to safely and permanently store carbon dioxide from Danish emitters in a depleted oil field in the Danish
TotalEnergies Completes Acquisition of SapuraOMV Assets
TotalEnergies has finalised the acquisition of the interests of OMV (50%) and Sapura Upstream Assets (50%) in SapuraOMV Upstream (SapuraOMV), an independent gas producer in Malaysia. SapuraOMV’s main assets are
Two Dead in Florence Fuel Depot Explosion
Two people have been killed and nine others injured after an explosion at an Eni oil storage facility near Florence, Italy. Local media reported that the loud explosion was heard
VTTI Launches Open Season For Ammonia Storage
VTTI has announced an open season for Project Amplifhy, VTTI’s initiative to develop a European network of ammonia import terminals and ammonia crackers. The open season is to gauge interest
EGAS & New Fortress Energy Sign FSRU Agreement
EGAS has signed an agreement with New Fortress Energy, to lease a second floating storage and regasification unit (FSRU). The unit will receive, store, regasify, and deliver liquefied natural gas
Shell & Equinor To Create UK Oil & Gas Company
Equinor and Shell are to combine their UK offshore oil and gas assets to form a new company, which will be the UK North Sea’s biggest independent producer. The incorporated
ExxonMobil Announces Leadership Changes
ExxonMobil has announced some leadership changes. Effective February 1, 2025, Dan Ammann, will step into a new role as upstream president, while Barry Engle, currently senior executive advisor to ExxonMobil’s
Kent Awarded 3-Year EPCm Framework with BP
Kent has been awarded a three-year global engineering, procurement, and construction management (EPCm) framework contract by BP. The framework covers the full scope of EPCm services, supporting BP’s asset lifecycle,
TotalEnergies Marks 50 Years in Saudi Arabia
TotalEnergies is celebrating 50 years of operations in Saudi Arabia. The company has had success with its multi energy strategy in the Kingdom with its flagships projects in the downstream
VTTI & Snam Finalise Acquisition of Adriatic LNG
VTTI and Snam have completed the acquisition of shares in Terminale GNL Adriatico (Adriatic LNG), the company that owns the liquefied natural gas (LNG) regasification terminal operating in the waters
Colonial Terminals Appoints Robert Neumann as VP Sales & Marketing
Savannah-based Colonial Terminals (CTI), an industry leader in the handling and storage of liquid and dry bulk products, has announced that Robert Neumann has been named vice president of sales
Buckeye Simulates Oil Spill
Fuel terminal operator Buckeye Partners recently held a large- scale safety exercise at Port Tampa Bay, Florida, USA, to test its action plan. The drill simulated a large oil and
Petrofac To Support Finnish Carbon Capture Project
Petrofac’s consulting team, based in Woking, UK, is providing engineering support to Vantaa Energy, a Finnish urban energy company, on a project that seeks to capture and store carbon dioxide
Ammonia-Fuelled Carriers Developed in Copenhagen
Copenhagen Infrastructure Partners (CIP), through its Energy Transition Fund (ETF), aims to provide end-to-end solutions for the safe delivery of clean ammonia to shipping companies. The Energy Transition Fund has
Editors' picks
Exolum Announces First Sustainable Financing of £500 million
Oiltanking to Sell 37% MOGS Stake to Aquarius Energy
Power2X Selects Honeywell for Rotterdam eFuels Project
Neste to Supply Air New Zealand SAF
INEOS Energy To Acquire Oil & Gas Assets in Gulf of Mexico
Tepsa & Madoqua To Develop Portugal-Netherlands Green Corridor
Northern Endurance Partnership Launches UK CCS Project
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New Edition of EEMUA 191 Released
Exolum Launches H2ROAD
