News

Centrica is to acquire the Isle of Grain liquified natural gas terminal (Grain LNG) in partnership with Energy Capital Partners from National Grid for an enterprise value of £1.5 billion (€1.7 billion). After taking into account approximately £1.1 billion of new non-recourse project finance debt, Centrica’s 50% share of the equity investment is approximately £200 million. This move in is…
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Aster has signed a memorandum of understanding (MoU) to invest in and partner with Aether Fuels, a Singapore- and US-based start-up pioneering breakthrough production technology for cost-competitive sustainable liquid fuels. This partnership aligns with Aster’s strategic launch of Aster Ventures, which is dedicated to providing synergistic investment capital to support Aster’s core energy,…
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The global oil landscape is changing, with Asia becoming the central growth driving and evolving supply-demand patterns impacting market dynamics. The team at S&P Commodity Insights will be covering this exact topic, and more, at APPEC 20205, taking place on 8-11 September in Singapore. 'It's been quite a year,' says Jim Burkhard, S&P Global Commodity Insights vice president & head…
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Greenlyte Carbon Technologies and MB Energy have signed a strategic landmark agreement covering the offtake of e-methanol from Greenlyte’s LiquidSolar facility in Marl, Germany, as well as advanced offtake intentions for future projects. Just days after officially securing multi-million euro funding from the European Union and the federal state of North Rhine-Westphalia for Greenlyte’s…
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Returning to Rotterdam for its ninth edition, the Global Tank Storage Awards (organised by Tank Storage Magazine) is now open for nominations. The prestigious awards are a key event in the industry calendar, taking place the evening before StocExpo (9 March 2026). Highlighting excellence in the storage terminals industry, the awards are an opportunity to put an individual or company in the…
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Chiyoda has been awarded an engineering, procurement and construction (EPC) contract from Saibu Gas to build a new LNG tank at the Hibiki LNG base, Japan. This will enhance the base's LNG capacity, which currently has two LNG tanks already in operation. The third tank is expected to be completed by 2029. Representatives from government agencies, local authorities and other stakeholders attended…
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AVTL has announced a positive final investment decision to build a greenfield terminal for 132,000 m3 LPG and 318,000 m3 liquid products and a LPG bottling plant of 35,000MT capacity in the JNPA port in Mumbai, India. This is AVTL's second terminal in the JNPA port which will help grow its market share in servicing a highly industrialised and fast growing hinterland of West and central regions in…
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Energy Transfer LP has reached a positive financial investment decision (FID) for the expansion of its Transwestern Pipeline to increase the supply of natural gas to markets throughout Arizona and New Mexico from Energy Transfer’s premier asset base in the prolific Permian Basin. Transwestern’s Desert Southwest pipeline expansion will provide reliable economic supplies of natural gas to…
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MOL has imported 85,000 tonnes of CPC blend crude oil and signed an oil trading agreement with Kazakhstan's national oil company, KazMunayGas (KMG). The relationship between MOL and KMG dates back to 2004 and continues to strengthen: at the end of 2024, the companies signed a cooperation agreement to leverage opportunities in Kazakhstan. The current oil trading agreement further strengthens the…
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After decades of success under its old name, a new chapter begins for Petronord GmbH; the company will now operate under the name MB Energy Last Mile GmbH. MB Energy announced on LinkedIn that the rebrand is part of the company's overall rebranding effort, bringing more than 50 individual brands from the former Mabanaft Group brought together under the MB Energy brand – for more visibility,…
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Technip Energies has been awarded a major Engineering, Procurement, and Construction (EPC) contract by Commonwealth LNG for its 9.5 million tonnes per annum (mtpa) liquefied natural gas (LNG) facility located in Cameron Parish, Louisiana, USA. The contract covers the delivery of six identical liquefaction trains using Technip Energies’ SnapLNG by T.EN modular and scalable solution. By…
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Evero, the low-carbon energy-from-waste wood company, has been selected by the UK Government to enter negotiations to transform its Evero Ince Biomass plant into the nation's first bioenergy with carbon capture and storage (BECCS) facility. This project looks to provide clean energy to the grid while permanently removing CO₂ from the atmosphere. Located within the HyNet Cluster, the project…
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Uniper have entered into negotiations with the UK Government to develop its Connah’s Quay Low Carbon Power project. On a post on LinkedIn, Uniper said that the government’s support for the development of carbon capture and storage infrastructure, creates the framework needed for pioneering projects like the Connah’s Quay Low Carbon Power project, and is vital for moving towards Clean Power…
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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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Peter Maas, chief executive officer at Grandperspective, explains how the right sensor technology could play a crucial role in advancing green ammonia The Western Sahara is home to Africa’s longest conflict, but the European energy industry is closely watching developments in this disputed territory, which is currently controlled by Morocco. This is because energy companies and European…
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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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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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