News
NEO Energy has completed its strategic merger with Repsol Resources UK. The combined group has been renamed NEO NEXT Energy (NEO NEXT) and becomes one of the largest producers on the UK Continental Shelf (UKCS).
John Knight, executive chair of NEO NEXT, comments: 'This is a great deal for all stakeholders. Our strategy can be summarised as 'Resilience, Yield and Growth': the combined company has…
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Bp has announced an oil and gas discovery at the Bumerangue prospect in the deepwater offshore Brazil. Bp drilled exploration well 1-BP-13-SPS at the Bumerangue block, located in the Santos Basin, 404 kilometres (218 nautical miles) from Rio de Janeiro, in a water depth of 2,372 metres. The well was drilled to a total depth of 5,855 metres.
The well intersected the reservoir about 500 metres…
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ADNOC Gas has announced the signing of a heads of agreement with Hindustan Petroleum (HPCL) to supply 0.5 million tonnes per annum (mmtpa) of liquefied natural gas (LNG) for a 10-year term.
The agreement underscores ADNOC Gas’ expanded global footprint, particularly across the high-demand Asian LNG market, reinforcing its role as a reliable global supplier of LNG. The long-term contract…
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Coastal Bend LNG has selected ConocoPhillips’ Optimised Cascade Process liquefaction technology for its planned natural gas liquefaction and export facility on the Texas Gulf Coast. Coastal Bend LNG’s planned development includes multiple liquefaction trains, cogeneration, LNG storage tanks, and export facilities.
'ConocoPhillips’ technology and expertise provides us with the confidence…
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Desu Systems has appointed Emile Hippe as its new managing director, effective 1 August 2025.
[caption id="attachment_63770" align="alignleft" width="300"] Ronald Verkroost, CEO of Desu Systems, left, Emile Hippe, managing director, right[/caption]
With more than 20 years of leadership experience in operations, logistics, and strategic growth, Emile brings a strong track record of scaling…
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StocExpo is expanding its educational element in 2026 with certified training workshops in collaboration with EEMUA (the Engineering Equipment and Materials Users Association), an international membership body which has led the way in providing actionable training for storage tank engineers, technicians and integrity managers.
As part of this exciting new show feature, attendees will have the…
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Shell Midstream Operating, a subsidiary of Shell, has completed the previously announced sale of its 16.125% interest in Colonial Enterprises to Colossus AcquireCo LLC, a wholly-owned subsidiary of Brookfield Infrastructure Partners and its institutional partners. The divestment reflects Shell’s focus on performance, discipline and simplification and enables the company to concentrate on areas…
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Uniper has partnered with British Salt to explore potential UK hydrogen storage development, the company announced on LinkedIn.
The Salinae Hydrogen Storage project is a potential salt cavern hydrogen storage facility, near Warmingham in Cheshire, UK. British Salt owns the mineral rights and has existing operations on the site. The two companies have recently signed a feasibility development…
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On 27 July, European Commission President Ursula von der Leyen and US president Donald Trump announced a political agreement under which the EU would commit to purchasing $250 billion (€217 billion) worth of US energy annually — totalling $750 billion (€653 billion) over three years. This includes liquefied natural gas (LNG), oil, and nuclear fuel.
This energy commitment was presented as…
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Vopak have made a significant investment decision at its Pengerang Terminal (PT2SB) in Malaysia, a key hub within its global Vopak network. On a post on LinkedIn, Vopak added that 'Together with our partners, we're expanding PT2SB's capacity by 272,000 cbm to support the storage of biofuels feedstocks and products.'
The connected biorefinery will produce sustainable aviation fuel (SAF) and…
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Stolthaven Terminals' facility in Singapore has achieved both ISCC EU and ISCC PLUS certifications.
These internationally-recognised credentials reflect Stolthaven Singapore’s commitment to supporting the global transition to greener energy and more sustainable supply chains. The certifications are the result of a third-party auditing process and are aligned with the EU Renewable Energy…
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Sempra Infrastructure, a subsidiary of Sempra, and JERA has announced a 20-year sale and purchase agreement for the supply of 1.5 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) offtake from the Port Arthur LNG Phase 2 development project in Jefferson County, Texas. The LNG will be supplied on a free-on-board basis.
This agreement marks a major step forward from the non-binding…
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Baker Hughes and Chart Industries have entered into a definitive agreement, under which Baker Hughes will acquire all outstanding shares of Chart’s common stock for $210 per share in cash, equivalent to a total enterprise value of $13.6 billion (€11.8 billion).
Chart is a global leader in the design, engineering and manufacturing of process technologies and equipment for gas and liquid…
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The HOYER Group has been awarded the EcoVadis Gold Medal for its comprehensive commitment in the areas of sustainability and responsible corporate governance. At the same time, the global logistics provider received ISO 50001 certification for its energy management system.
The EcoVadis Gold Medal confirms the top performance of HOYER in the areas of environment, labour and human rights, ethics,…
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Centrica has secured a 16% stake in Gasrec, the UK’s largest dual provider of bio-LNG (bio-Liquified Natural Gas) and bio-CNG (bio-Compressed Natural Gas) to the road transport sector. This makes Centrica of three major shareholders in Gasrec, alongside global integrated energy company BP and private family office 44 North.
Gasrec says the investment will drive the next phase of its…
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Aquarius Energy has completed its acquisition of Oiltanking’s 37% stake in Oiltanking MOGS Saldanha (OTMS). The company has been renamed as Aquarius MOGS Saldanha (AQMS) and comprises a state-of-the-art 10 million barrel crude oil storage and blending facility located in Saldanha Bay on the West Coast of South Africa.
Aquarius Energy is an independently managed joint venture between Tristar…
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Moeve and Exolum have successfully completed the modernisation of the Torre Arenillas Quay and its pipeline system to the Port of Huelva, Spain, a project completed over three years without interrupting the activity of the port terminal, and which saw investment totalling over €150 million.
This key piece of infrastructure replaces the original pipe system with 70 kilometres of new pipes, as…
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Vopak has successfully completed a share buyback program to return up to €100 million to shareholders.
The purpose of the share buyback program was to reduce the issued capital of the company.
The execution of the program was done under the terms of an engagement letter with a third party, performed in compliance with the safe harbor provisions for share buybacks, allowing the execution of…
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Australia-based Woodside Energy has signed an historic agreement with ExxonMobil to take over operations of the Bass Strait assets.
From completion, Woodside will assume operatorship of the offshore Bass Strait production assets, the Longford Gas Plant, the Long Island Point gas liquids processing facility and associated pipeline infrastructure. Woodside and ExxonMobil’s equity interests in…
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John Reynolds, managing director of Reynolds Training Services explores how to build a culture of competence in high-hazard industries
The high-hazard industries are in flux. The move from traditional fuels to alternative energy sources is upon us. It’s fast-moving. Ever-changing. That’s why competence isn’t a simple box to tick. Competence is the bedrock of safety, efficiency and trust.…
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A new HCSS report finds that in a large-scale conflict, the Netherlands and the wider EU would struggle to meet surging military fuel demand while keeping the civilian economy running.
_via @TankStorageInfo
https://tankstorage.com/all-news/partner-news/europe-risks-fuel-shortages-in-wartime-new-hcss-report-warns/