News
OCI Global, a leading global producer and distributor of hydrogen products has reached an agreement for the sale of 100% of its equity interests in its Global Methanol Business (OCI Methanol) to Methanex Corporation for a total consideration of $2.05 billion (€1.86 billion) on a cash-free and debt-free basis.
Under the proposed transaction, Methanex will acquire 100% of the equity interests in…
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BW LNG has signed a 10-year charter with the National Electric Power Company (NEPCO), in Jordan, to deploy a floating storage unit (FSU), which NEPCO will own at the end of the arrangement. The vessel will be moored at Sheikh Sabah LNG Terminal, Aqaba, for 10 years, and will play a pivotal role in strengthening Jordan’s national energy security needs.
The LNG carrier will undergo conversion to…
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The contract is to supply 19 LNG cargoes, or up to approximately 0.5 million tonnes of LNG per annum over a period of three years plus one quarter. The contract will commence in the fourth quarter of 2025 with LNG being supplied from Santos’ global portfolio of world-class LNG assets on a delivered ex-ship basis.
Santos managing director and chief executive officer Kevin Gallagher says: ‘The…
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ADNOC is to acquire a 35% equity stake in Baytown, Texas, a project that will produce virtually carbon-free hydrogen. The investment will support both companies’ net zero ambitions, accelerate decarbonisation of hard-to-abate sectors, and meet rising demand for low-carbon hydrogen and ammonia.
The facility will leverage advanced carbon capture and storage technologies to reduce emissions…
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A new company, under the name Meridian Infrastructure has been announced. It was posted on LinkedIn, that the new infrastructure company will focus on development and will operate advantaged, sophisticated infrastructure for storing and handling liquid products. The company also went onto state: ‘Our vision is to provide innovative solutions that increase the efficiency and protect the…
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ORLEN has entered into a five-year exclusive agreement with Lithuania’s KN Energies, previously known as Klaipedos Nafta, granting it sole access to a small-scale LNG reloading wharf station in Klaipėda, which will bolster gas supply to north-eastern Poland and the broader Baltic region. Since the initiation of an earlier contract, ORLEN has received nearly 60 thousand tonnes of liquefied…
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BP America's Cherry Point Refinery in Washington State, USA, will soon begin producing sustainable aviation fuel (SAF) using renewable biomass feedstocks. This is thanks to a federal grant of $26.8 million (€24.2 million) awarded under a programme authored by US Senator Maria Cantwell, chair of the Senate Commerce, Science, and Transportation Committee.
BP estimates being able to produce 10…
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BOTAS and Shell International Trading Middle East Fze have signed a ten-year agreement through which Shell will supply BOTAS with up to 4 billion cubic metres of liquefied natural gas (LNG) a year from its US and global portfolio, with deliveries starting in 2027.The deal will enable BOTAS to expand its LNG access and use its extensive terminal and pipeline infrastructure to help Turkey to…
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One of the challenges of print magazine production is trying to predict what might happen as your audience picks up the issue. In the case of our North America edition, the year-round nature of this edition makes that prediction even harder. Many of you will be picking up a physical copy of this edition for the first time at a trade show or conference set to happen just before the US November…
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Mexico Pacific, owner of the Saguaro Energía LNG facility and associated Sierra Madre Pipeline, have announced that it has signed a sales and purchase agreement (SPA) with POSCO International Corporation (POSCO International), Korea’s largest energy trading company and a global leader in the pursuit of a sustainable future.
Pursuant to the SPA, POSCO International will purchase 0.7 million…
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TotalEnergies has announced the launch of a pilot project consisting in a floating wind turbine to supply renewable power to Culzean offshore platform in the UK's North Sea, thus pioneering an innovative decarbonisation scheme.
The 3 MW floating wind turbine will be located 2 km west of the Culzean platform, 220 km off the eastern coast of Scotland. This turbine, expected to be fully operational…
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EET has announced the appointment of Adrian Curry as Chief Decarbonisation Officer of EET Fuels effective 2 September, 2024.
Adrian will lead the development and implementation of EET Fuels’ energy transition strategy, with the goal of delivering the world’s leading low carbon process refinery. He brings extensive experience as a seasoned chair, managing director, and board member across…
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The maritime sector in the Netherlands is making significant strides towards sustainability with the first hydrogen bunkering license granted at the Zeehaven IJmuiden NV, Port of Ijmuiden, town in Velsen, the Netherlands. It was announced on LinkedIn that this allows Windcat Workboats to refuel their hydrogen-powered vessel, the Hydrocat 48, marking a key development in green shipping.
This…
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Akselos, the leading provider of Structural Performance Management software, has announced a strategic enterprise agreement with Shell.
The new agreement between will extend successful projects with Shell Pearl GTL in Qatar, Shell Scotford in Canada, the Bonga FPSO and various deployments in the Gulf of Mexico. The new agreement aims to expand Akselos’ footprint across the entire Shell…
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QatarEnergy has entered into a 15-year LNG Sale and Purchase Agreement (SPA) with Kuwait Petroleum Corporation (KPC) for the supply of up to 3 million tonnes per annum (MTPA) of LNG to the State of Kuwait.
The contracted LNG volumes will be delivered ex-ship to Kuwait's Al-Zour LNG Terminal onboard QatarEnergy’s conventional, Q-Flex, and Q-Max LNG vessels, starting in January 2025.
Minister…
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Hydrogenious LOHC has been presented with a funding grant of €72.5 million in Erlangen, city in Bavaria, Germany. German federal minister for Economic Affairs and Climate Action, Dr Robert Habeck, Bavarian state minister for Economic Affairs, Regional Development and Energy Hubert Aiwanger, and Bavarian state minister for Federal Affairs, Dr. Florian Herrmann, presented Hydrogenious LOHC with a…
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Uniper has announced its Hydrogen Pilot Cavern (HPC) Krummhörn, Germany, is ready to start, marking a significant step forward in the transition to sustainable energy. Specifically designed for green hydrogen storage, this new cavern will allow the team to explore its full potential under real operational conditions.
Olaf Lies, Lower Saxony's Minister for Economic Affairs, alongside Uniper's…
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EET Fuels has progressed to the front-end engineering design (FEED) stage of its Hydrogen Fuel Switching project, appointing Wood for the EPC. Wood will coordinate final designs of the fuel system that will feed into the company’s hydrogen-ready crude distiller furnace. Wood will also re-design the core infrastructure and control systems to enable the efficient and safe combustion of…
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PETRONAS, ADNOC and Storegga have announced the signing of a Joint Study and Development Agreement (JSDA) to evaluate the carbon dioxide (CO2) emissions storage capabilities of saline aquifers and the construction of carbon capture and storage (CCS) facilities in the Penyu basin, offshore Peninsular Malaysia.
The agreement is targeting at least 5 million tonnes per annum (mtpa) of CO2 capture…
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Associated British Ports (ABP), the UK’s leading ports group, and px Group (px), the owner and operator of high-growth Saltend Chemicals Park, have announced plans for the Clean Growth Hub at the Port of Barry in South Wales.
The project aims to transform a large area of the operational port into an area of low-carbon, high-growth infrastructure investment. The site has in excess of 100 acres…
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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/