News

APM Terminals Maasvlakte II (APMT MVII) will equip its Netherlands terminal with shore power from 2028. This is a significant step in making the port of Rotterdam more sustainable. For this purpose, the company has signed an agreement with Rotterdam Shore Power comprising a partnership between the Port of Rotterdam Authority and Eneco. This means that from 2028, sea-going vessels will be supplied…
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Strong oil and gas demand are set to support production growth in the Permian Basin, says GlobalData Global oil demand has been on the rise since the Covid-19 pandemic. Moreover, the Russia-Ukraine conflict caused major alterations in energy supply routes, which went in favour of the US shale drillers, including those in the Permian Basin. Spanning Texas and New Mexico, Permian Basin remains the…
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Exxon Mobil has secured the largest offshore carbon dioxide (CO2) storage lease in the US, with the Texas General Land Office. The over 271,000-acre site complements the onshore CO2 storage portfolio ExxonMobil is developing, and further solidifies the US Gulf Coast as a carbon capture and storage (CCS) leader. Dan Ammann, president of ExxonMobil low carbon solutions, says: ‘This is a sign of…
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Woodside has completed the acquisition of Tellurian and its US Gulf Coast driftwood LNG development opportunity. Woodside has acquired all issued and outstanding Tellurian common stock for approximately $900 million (€823 million) cash, or US$1.00 per share (€0.92). Woodside has also renamed the Driftwood LNG development opportunity Woodside Louisiana LNG. Woodside Louisiana LNG is an…
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TotalEnergies has signed a charter contract with Spanish shipowner Ibaizabal for a new liquefied natural gas (LNG) bunker vessel of 18,600m3 capacity. The vessel, owned by Ibaizabal, will supply LNG to a wide range of vessels (containerships, tankers, large cruise ships, ferries) at TotalEnergies’ LNG bunkering hubs and meet the highest technical and environmental standards. This new vessel,…
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Colonial Pipeline’s safety specialist, Tammara Young, explains how her passion for safety and drive for learning empowered her journey into tank storage [caption id="attachment_43141" align="alignleft" width="199"] Tammara Young, safety specialist, Colonial Pipeline[/caption] Tammara Young is a prime example of women in this industry elevating each other to new heights. Recommended by another…
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Aramco has announced the completion of a $3 billion (€2.7 billion) international sukuk issuance, comprised of two US dollar-denominated tranches. The tranches are split in two ways. $1.5 billion (€1.3 billion) maturing in 2029, carrying a profit rate of 4.25% per annum, and $1.5 billion maturing in 2034, carrying a profit rate of 4.75% per annum. The issuance was priced on 25 September,…
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PT Oiltanking Karimun Terminal in Indonesia, which is a Platts-approved terminal in the Singapore Market On Close assessment process, has changed its name to PT Oil Terminal Karimun. The name change came into effect after a change in equity shareholding. Oiltanking sold its entire stake in the terminal to Novus Middle East DMCC. Only the equity shareholding and the terminal's name have changed,…
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ExxonMobil, on behalf of Mozambique Rovuma Venture, operator of the Area 4 concession in northern Mozambique’s Rovuma Basin, has announced it has selected Chart Industries' IPSMR liquefaction technology and proprietary equipment for the Rovuma LNG project at the Afungi peninsula, in Mozambique. The Rovuma LNG Project will produce, liquefy and market natural gas from reservoirs of the Area 4…
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VTTI and Connex have announced a new partnership to develop a state-of-the-art renewable feedstock pretreatment facility at VTTI’s terminal in Amsterdam. Once completed, the facility will process over 400,000 tonnes of renewable feedstock annually, supporting the production of sustainable fuels such as renewable diesel and sustainable aviation fuel (SAF). The facility is expected to be…
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Worley and Liquid Wind have entered into an agreement to provide design and engineering services for the development of the NorthStarH2 e-methanol facility in Östersund, Sweden. The facility, which is being developed on behalf of Uniper, aims to produce over 100,000 tonnes of e-methanol annually. The feedstock will help decarbonise shipping and chemical industries. The focus during pre-FEED…
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Neste and Tepsa have collaborated to enhance chemical recycling capabilities on the storage and handling of liquefied waste plastics in Rotterdam, the Netherlands. Following successful industrial-scale processing runs, Neste is moving towards using larger quantities of liquefied waste plastic as a raw material at its Porvoo refinery in Finland, turning it into Neste RE, a high-quality recycled…
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Avenir LNG has announced it has signed a time charter party with LNG Shipping, a 100% subsidiary of Eni, for one of the company’s 7,500m³ LNG bunker vessels, the Avenir Aspiration. The multi-year time charter to Eni will commence from delivery in Europe in 2025. This charter increases the Avenir LNG’s third-party charter revenue backlog, including options, to over $285 million (€259…
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A consortium led by Mason Capital Management, in partnership with IES Holdings, Nut Tree Capital Management, 683 Capital Management, First Pacific Advisors, and other investors, has announced that it has entered into a definitive agreement to acquire the CB&I storage solutions business, the world’s foremost designer and builder of storage facilities, tanks and terminals for energy and…
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The experts at LUSAS Consultancy Services explain how base-isolation can protect the structure of LNG tanks in tectonically active regions Panama and Central America are tectonically active regions, and LNG tanks represent critical structures with strict design requirements under accidental and earthquake conditions. In this case, base-isolation systems have become a cost-effective solution for…
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Patrick Pouyanné, chairman and CEO of TotalEnergies has presented the company’s strategy and outlook goals for 2024. TotalEnergies has advanced its balanced and profitable transition strategy, anchored on two pillars, oil and gas, notably LNG, and electricity, growing its global energy production (oil, gas, electricity, bioenergy) by 4% per year through 2030, while drastically lowering the…
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IDEC has updated its SmartAXIS Touch family with the new FT1J Series Combined PLC+HMI. The device combines a built-in full function controller and a 4.3 inch (10.9 cm) touchscreen display, in a compact all-in-one form factor that is rightsized for visualising and automating a wide range of applications, including laboratory and industrial environments, such as oil and gas. The unit’s thin…
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Ghent Renewables NV has announced on LinkedIn that its board has officially approved the expansion of its pretreatment capacity for waste oils and food waste products like UCO, POME, SBO and acid oils. As part of the GTS group, the investment will double the company’s annual capacity and upgrade its capabilities to produce feedstock, ideal for HVO, HEFA production, or co-processing. The…
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McDermott has been awarded an engineering, procurement, construction and installation (EPCI) contract by QatarEnergy LNG, for the North Field South (NFS) offshore pipelines and cables project in Qatar. The NFS infrastructure is designed to supply feed gas for two additional LNG trains and is part of the North Field Expansion Project (NFXP), which will help increase the total LNG production in…
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Santos has announced the signing of a mid-term LNG supply contract with TotalEnergies Gas & Power Asia. The contract is to supply 20 LNG cargoes, or up to approximately 0.5 million tonnes of LNG per annum over a period of 3 years plus one quarter. The contract will commence in 2025, with LNG being supplied from Santos’ global portfolio of world-class LNG assets on a delivered ex-ship…
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