News

TotalEnergies’ Antwerp platform has provided an update on its investments for the future and has announced a plan to reconfigure its petrochemicals operations to strengthen competitiveness. A key industrial site for TotalEnergies for more than 75 years, the Antwerp platform is based on an integrated business model, which guarantees the resilience of its operations. Ann Veraverbeke, managing…
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VTTI have welcomed senator Tekke Panman (BBB) to VTTI’s terminal in Rotterdam (ETT), together with VOTOB, the Dutch association of tank storage companies. In a post on LinkedIn, VTTI says: ‘We engaged in a productive and open dialogue about the key role of independent tank storage in the Dutch and European energy systems - supporting both today’s energy needs and the transition to cleaner…
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Stolthaven Terminals is partnering with Rönesans on the development of a new terminal, located in Ceyhan, Adana, Türkiye. The facility is part of a large-scale new development, valued at $2 billion (€1.7 billion), that also includes a polypropylene (PP) production plant – which Rönesans will develop separately – with an expected annual production capacity of 472,500 tonnes, meeting…
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Uniper and Woodside have signed LNG sale and purchase agreements for the supply of 1.0 million tonnes per annum (MTPA) from Louisiana LNG LLC and up to 1.0 MTPA from its global portfolio, demonstrating ongoing strong demand for LNG globally. Based on the gas demand of a leading industrial nation like Germany, 2 million MTPA of LNG would cover approximately 3% of the country’s total gas…
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NeuVentus has received storage permits at its Texas Reliability Underground (TRU) hub salt cavern storage project in liberty county, Texas, USA. The Texas Railroad Commission permits provide for 12 salt caverns capable of storing natural gas, hydrogen, natural gas liquids and other products at TRU Hub, which is located in Southeast Texas in the heart of LNG, power, data centre, industrial and…
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As facilities seek robust solutions to protect their storage systems, advancements in protective equipment and engineering methodologies are playing a crucial role in ensuring operational integrity, says Cashco The tank storage industry continues to evolve with a growing emphasis on safety, efficiency, and regulatory compliance. Pressure and vacuum management are critical aspects of maintaining…
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Technip Energies has been awarded a Front-End Engineering Design (FEED) contract by Jet Zero for Project Ulysses, a bioethanol to sustainable aviation fuel (SAF) project located in Townsville, Australia. The FEED covers an extensive package of engineering activities, documentation and planning to refine the cost estimate for the project and develop detailed timelines. The project aims to…
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ADNOC has announced the signing of a 15-year sales and purchase agreement with Mitsui & Co on its LinkedIn. The SPA is for the delivery of up to 0.6 million tonnes per annum (MTPA) of lower-carbon LNG from ADNOC's Ruwais LNG project. This marks the fifth long-term LNG SPA for Ruwais LNG and further reinforces ADNOC’s commitment to Japan’s energy security and the supply of cleaner energy…
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OQ and Royal Vopak have entered into an exclusive partnership framework agreement in the Special Economic Zone at Duqm (SEZAD). This is a significant step for a strategic alliance that aims to unlock future growth opportunities in industrial and energy terminal infrastructure and sustainable energy transition facilities in SEZAD. Leveraging Vopak’s proven expertise to develop and operate…
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NextDecade Corporation and TotalEnergies have joined together in a sale and purchase agreement (SPA) for LNG offtake from Train 4 at the Rio Grande LNG Facility, Texas, USA. Under the terms of the SPA, TotalEnergies Gas & Power North America, Inc. will purchase 1.5 million tonnes per annum (MTPA) of LNG for 20 years on a free-on-board basis at a price indexed to Henry Hub, subject to a…
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Aager has obtained the ASME U2 certificate, authorising the company to design, fabricate, and test pressure vessels in compliance with ASME Boiler and Pressure Vessel Code Section VIII Division 2. This achievement represents a strategic expansion of Aager’s engineering capabilities, allowing the company to support more demanding applications with higher safety and performance…
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VTTI have announced that Wei-Sun Teh has been appointed as the new chair of supervisory board. On a post on LinkedIn, VTTI says: ‘Wei-Sun brings a wealth of experience in infrastructure investments and long-term asset stewardship through his executive director role at IFM Investors, where he has helped shape global strategies across energy and transport. We are confident that his insight,…
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Bp have announced an oil discovery at the Far South prospect in the deepwater US Gulf of America. Bp drilled the exploration well in Green Canyon Block 584, located in western Green Canyon approximately 120 miles off the coast of Louisiana in 4,092 feet of water. The well was drilled to a total depth of 23,830 feet. The Far South co-owners are Bp (operator, 57.5%) and Chevron (42.5%). Both the…
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Royal Vopak announces the signing of Note Purchase Agreements for a debt issuance in the US Private Placement (USPP) market for a total amount of $325 million and €260 million (equivalent to around €560 million total). Funding will take place in June 2025 and is subject to customary closing conditions. This Notes Program consists of various EUR and USD tranches with maturities ranging from…
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Mitsui has made a decision to invest in the Blue Point low-carbon ammonia production project in the USA. The final investment decision for the project was made together with CF Industries and JERA. The project will involve construction in Louisiana of one of the world’s largest low-carbon ammonia facilities in the world, with an annual production capacity of approximately 1.4 million tonnes.…
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https://youtu.be/BcEnx_x1GzAAndrew Inglis from Etasca hosted a panel at StocExpo 2025 exploring the opportunities and challenges across emerging and developed markets in the tank storage sector. He was joined by industry experts Rudi Stalmans from Ener8, Tony Quinn from GTI Statia and FOT Fujairah, and Prostar Capital. Together, they discussed shifting global investment patterns, the strategic…
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https://youtu.be/cv_0zF-pbaMJeff Eickhoff from HMT Tank led a session at StocExpo 2025 on the economic, environmental and operational benefits of storage tank optimisation. He explored often-overlooked design choices that can enhance emissions control, tank integrity and operational efficiency, with a focus on holistic tank design and the selection of fixed and floating roof…
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Chane terminal Botlek has completed a major upgrade for a leading customer, enhancing the storage, handling, and logistics of base oils. In a post on LinkedIn, Chane says: ‘At the heart of this improvement is tank pit 16, designed with a clear focus on speed, safety, and efficiency. With 5 new base oil grades, 6 pipelines to the jetties, additional pumps, and an advanced truck loading station,…
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Aramco, China Petroleum & Chemical (Sinopec), and Yanbu Aramco Sinopec Refining (Yasref) have announced the signing of a venture framework agreement (VFA) intended to pave the way for a major petrochemical expansion at Yasref, in Yanbu, on the west coast of Saudi Arabia. Coinciding with Yasref’s 10th anniversary, the agreement seeks to advance engineering studies for the development of a…
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Snam has agreed to acquire Abu Dhabi's Infinity Investments' 24.99% stake in the share capital of Vier Gas Holding (VGH) – a Luxembourg-based company, which indirectly owns the entire share capital of Open Grid Europe (OGE) – for an equity value of €920 million. OGE is Germany's largest independent gas transmission operator, managing a network extending for approximately 12,000 km, with an…
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