News

The US Environmental Protection Agency (EPA) has issued a proposal to amend reporting requirements for petroleum and natural gas systems under EPA’s Greenhouse Gas Reporting Program. The proposed revisions would improve the accuracy of reported emissions of greenhouse gases (GHG), including methane, one of the primary drivers of the climate crisis, from applicable petroleum and natural gas…
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ADNOC and Baker Hughes have announced a partnership for next-generation electrolyzers and technology that can split methane into low-carbon hydrogen and graphene. At UAE Climate Tech, ADNOC agreed to develop and deploy Baker Hughes’ innovative hydrogen technology portfolio by exploring its application across its operations. As part of ADNOC's $15 billion (€13.5 billion) allocation towards…
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Meet Jimmy Lindgren, partner at Heimdall Terminals, and one of StocExpo 2023's Forty Under 40. Can you give us a brief outline of your career to date? Jimmy: In 2017, I entered the oil and gas industry, leveraging my previous experience in fundraising in different sectors. Since a young age, I have been deeply fascinated by the oil and gas industry, recognising its significant role as a…
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Navigator Terminals has revealed a concept model of its CO2 multi-modal hub. Partnering with Enfinium, the hub would enable CO2 transport and handling from dispersed emitters.
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Borealis has announced the successful completion of a major upgrade to its steam cracker operations in Stenungsund, Sweden. The seven-year construction project is a resounding success with respect to health, safety, and the environment (HSE), with no major accidents and no process safety incidents whatsoever. 'Our very highest priority in the Stenungsund furnace revamp was to achieve a stellar…
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On the recommendation of the Supervisory Board and following the positive opinion of the Works Council, the Minister of Finance has appointed Willemien Terpstra as CEO and Chair of the Executive Board of N.V. Nederlandse Gasunie. The appointment starts on 1 March 2024 and will be for a term of four years. Currently, Terpstra is currently global vice president for decarbonisation with…
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Odfjell has promoted Lise Henriksen to captain of Bow Sky, making history in the 109-year-old Norwegian chemical tanker company. She joined the company as a deck cadet in 2010, after completing a degree in nautical engineering at the University of Tromsø. Since then, her career has taken her onboard 10 different Odfjell vessels, including the Bow Mekka, Bow Sky, Bow Summer, Bow Hercules, Bow…
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Meet Jimmy Lindgren, partner at Heimdall Terminals, and one of StocExpo 2023's Forty Under 40. Can you give us a brief outline of your career to date? Jimmy: In 2017, I entered the oil and gas industry, leveraging my previous experience in fundraising in different sectors. Since a young age, I have been deeply fascinated by the oil and gas industry, recognising its significant role as a…
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Patrick Pouyanné, chairman and CEO of TotalEnergies, and Toufik Hakkar, chief executive officer of Sonatrach have signed several agreements to strengthen the cooperation between the two companies. Under the first agreement is for Sonatrach and TotalEnergies have agreed to convert the production contracts for the TFTII and TFT Sud fields in southern Algeria (Sonatrach 51%, TotalEnergies 49%). …
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A fire broke out on 7 July at the state-owned oil company Petróleos Mexicanos (Pemex) Nohoch Alfa offshore platform at the Bay of Campeche, in the Gulf of Mexico. Out of the 328 workers were working, 321 were evacuated with the support of seven boats. It has been reported that five people were injured, with two being critical, two fatalities and one person is still missing. Octavio Romero…
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British Gas parent firm Centrica has signed a 15-year liquefied natural gas (LNG) supply agreement with US-based Delfin Midstream.  The long-term supply deal for 1 million tonnes of LNG a year from Delfin's planned Deepwater Port off the coast of Louisiana has a market value of $8 billion (€7.3 billion).  Centrica expects to take delivery of about 14 LNG cargoes a year, providing enough…
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Fluor has announced it has signed memorandum of understanding (MOU) carbon dioxide mineral storage operator, Carbfix. The MoU is to pursue integrated carbon capture and storage (CCS) solutions. Together, the companies look to minimise the impacts of climate change by helping to decarbonise hard-to-abate industries with high greenhouse gas emissions, such as steel, aluminium and cement. The MOU…
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Downstream energy company, Essar Oil UK has announced that it has signed an agreement with storer of refined petroleum products Oikos Storage, Canvey Island, UK. Under the agreement, Essar will store and distribute middle distillate fuels at Oikos’ Canvey Island facility to serve the Thames region. The agreement will also leverage Oikos’ connectivity to the United Kingdom Oil Pipeline (UKOP)…
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Iraq and French oil major TotalEnergies have signed a long-delayed $27 billion (€24.6 billion) energy deal that aims to increase oil production and boost the country's capacity to produce energy with four oil, gas and renewables projects.  Read more: Terms agreed in April  The Gas Growth Integrated Project (GGIP) aims to improve Iraq's electricity supply. This includes recovering flared…
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Arabian Chemical Terminals Abu Dhabi (ACTAD) has announced the opening of its greenfield tank terminal and distribution facility at Khalifa Port, Abu Dhabi. The announcement marks a milestone in ACTAD’s greenfield journey, as it expands its capabilities and strengthens its position as a forward-thinking leader in the petrochemical industry. Located in one of the world's most strategic…
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Coastal GasLink pipeline (TC Energy natural gas pipeline) which is under construction in British Columbia, Canada, has announced 90% completion. Bevin Wirzba, Coastal GasLink president says: ‘It is exciting to see the tremendous progress that has been made this year. When building this extremely complex and critical infrastructure, each percentage represents a hard-fought achievement…As we…
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BP has announced a $10 million (€9.1 million) investment with low carbon fuel producer, WasteFuel. The investment is for the planning to develop a global network of plants to convert municipal and agricultural waste into bio-methanol. This biofuel could play a significant role in decarbonising hard-to-abate sectors like shipping. The investment allows WasteFuel to advance its plans to develop…
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Exolum has begun operating the fuel storage terminal located at Lisbon’s Humberto Delgado airport, Portugal. Exolum was the successful bidder of a tender process organised by ANA - Aeroportos de Portugal VINCI Airports. The company will manage and maintain the fuel storage terminal and the hydrant network. The agreement also covers the improvement to existing infrastructure, which must allow…
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Honeywell has announced that BP has selected its ecofining technology to help support the production of sustainable aviation fuel (SAF) at five BP facilities across the globe. The technology will be installed at the following BP sites: Cherry Point refinery in Blaine, Washington Rotterdam II refinery in Rotterdam, Netherlands  Lingen refinery in Lower Saxony, Germany Castellón de la…
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Clean energy solutions provider Gentari has signed a memorandum of understanding (MoU) with Singaporean conglomerate, Keppel’s infrastructure division. Through the MoU, the parties are looking to unlock synergies in renewable and low-carbon energy projects. Sushil Purohit, CEO of Gentari says: ‘We are excited to collaborate with Keppel via this MoU, as it represents a significant step in…
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