News

The new six-month delay to the Golden Pass LNG Terminal LLC planned start-up in Texas will remove a fair amount of new supply from the market in a period of intense growth, shifting the surge from 2026 to 2027 and impacting both the global and North American gas markets, according to analysis from Wood Mackenzie. Mark Bononi, principal of North America Gas and LNG asset research at Wood…
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Cheniere Energy have announced today that its subsidiary Cheniere Marketing, LLC, entered into a long-term liquefied natural gas (‘LNG’) sale and purchase agreement (‘SPA’) with Galp Trading S.A. (‘Galp’), a subsidiary of Galp Energia, SGPS, S.A. Under the SPA, Galp has agreed to purchase approximately 0.5 million tonnes per annum (‘mtpa’) of LNG for 20 years from Cheniere…
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ADNOC has announced the signing of a long-term Heads of Agreement (LNG agreement) with Osaka Gas, one of the largest utility companies in Japan, for the delivery of up to 0.8 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG). The LNG will primarily be sourced from ADNOC’s lower-carbon Ruwais LNG project, which is currently under development in Al Ruwais Industrial City,…
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United Molasses Group, the owner of bulk liquid storage specialist UM Terminals, has announced two key appointments. Current UM Terminals managing director Phil McEvoy becomes UM Group terminals director, with commercial director Vic Brodrick replacing him as MD of GB Terminals. Brodrick will be responsible for all aspects of the GB Terminals business, supported from an asset management and…
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TotalEnergies has signed an agreement to sell its 50% stake in Total PARCO Pakistan (TPPL) to Gunvor Group, a leading global commodities trading company. The transaction reflects the selective strategy of TotalEnergies in Marketing & Services focused on core geographies with growth and transitioning opportunities. TPPL is a 50/50 joint venture between TotalEnergies Marketing and Services and…
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Firefighters helped put out a fire at an oil storage tank near the corner of Eagle Rd in the Double Bayou community south of Anahuac, Chambers County, Texas. The tank, containing crude oil, was reportedly struck by lightning, and took several volunteer groups to put out. Prior the incident, there had been reports of a thunderstorm, and lighting in the area. The fire is now safely out and there…
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Evos (through Evos Finance B.V.) has announced that it has successfully completed a €950 million debt raise, refinancing a major part of its current debt facilities under its existing loan conditions, achieving a more staggered, diversified, and long-term maturity profile. The refinancing was executed with a mix of US Private Placement Notes and Bank debt. As part of the process Evos obtained…
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Australia's Northern Territory Government and Vopak have signed a memorandum of understanding (MoU), to develop a common-user infrastructure including a CO2 import terminal in the Middle Arm Sustainable Development Precinct - Northern Territory, Australia. The MoU frames how the government and Vopak will cooperate to progress the development of common user CO2 import, storage and handling…
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Woodside has entered into a binding agreement to acquire 100% of OCI Clean Ammonia Holding and its lower carbon ammonia project in Beaumont, Texas for an all-cash consideration of approximately $2.4 billion (€2.1 billion). The project is under construction and targets production of first ammonia from 2025 and lower carbon ammonia from 2026. The consideration is inclusive of capital expenditure…
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Argentina’s state run oil company, YPF and Malaysia’s Petronas will invest $30 billion (€27 billion) in an LNG export project in the Patagonian province of Río Negro. With the plant in Sierra Grande, Río Negro, the association would become the fifth global LNG producer, and would be one of the most important private initiatives in the history of the country.  YPF's board of directors…
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Technology group Wärtsilä has signed a 16-year Lifecycle Agreement with Seapeak Maritime (Glasgow), one of the largest independent owner-operators of liquefied gas vessels. The contract covers ten LNG carriers and is an extension of an earlier Wärtsilä Lifecycle Agreement for these vessels. The global demand for LNG is rising, which is driving a need for fewer maintenance interventions in…
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GTT has announced it has received two orders from its Korean partner HD Korea Shipbuilding & Offshore Engineering (HD KSOE) to design the cryogenic fuel tanks for 12 new LNG fuelled container vessels on behalf of CMA CGM, a global leader in sea, land, air and logistics solutions. Under these new orders, HD Hyundai Heavy Industries (HHI) and HD Hyundai Samho (HSHI) will each build six…
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Crowley has accepted delivery of the LNG bunker barge Progress, the largest U.S. Jones Act-compliant vessel of its kind, after construction was completed at Fincantieri Bay Ship building in Sturgeon Bay, Wisconsin. The Progress will expand access to cleaner energy for ship operators at the Port of Savannah, Georgia, upon final commissioning there this month. Shell signed a long-term agreement…
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Edison has announced that it has completed the liquefied natural gas (LNG) refuelling in the port of Trieste, Italy. The ship-to-ship bunkering operation is the first to take place in the Adriatic Sea, and the first to be carried out by Edison through the use of the LNG carrier Ravenna Knutsen, which has been supplying the Ravenna LNG coastal depot, forming part of the Group's integrated…
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Uniper is taking its decarbonisation efforts one step further. At the Gate terminal in Rotterdam, the Netherlands, the company has become the first shipper to start using the BioLNG production capacity to convert biomethane into BioLNG. Carsten Poppinga, chief commercial officer of Uniper says: ‘We are excited to be able to take another step towards a greener future. The decarbonisation of the…
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Engineering company Monadelphous Group have announced it has been awarded a construction contract with Woodside Burrup, valued at approximately $200 million (€185 million). Activities to be performed under the contract include mechanical, electrical, instrumentation and commissioning works required for the modifications to the existing Woodside-operated Pluto Liquefied Natural Gas (LNG) Train 1…
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Sprint Robotics has formed a strategic partnership with StocExpo to bring a drones & robotics pavilion to StocExpo 2025. Next year’s event will be held in Rotterdam on 11- 12 March. Sprint Robotics is a not-for-profit, internationally recognised platform for inspection and maintenance robotics with nearly 100 members. They have created a pavilion on the StocExpo show floor including a…
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Vopak has reported continued strong results and has announced terminal capacity expansions following the first half of the year (HY1). Vopak enjoyed a net profit of €213 million and EPS of €1.73 million in HY1 2024, with an increased EBITDA to €599 million compared to HY1 2023 (€586 million), driven by growth project contributions and a certain one-off item that fully offset divestment…
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As part of the Sultanate of Oman’s commitment to contribute to energy security in response to the demand on green energy, the Government of the Sultanate of Oman has announced its plan to develop an additional liquefied natural gas (LNG) train with a capacity of 3.8 million tonnes per annum (MTPA) at Qalhat Industrial Complex in South Sharqiyah Governorate. The expansion will boost Oman’s…
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Snam has signed a binding agreement to acquire 100% of Edison Stoccaggio from Edison for an amount of approximately €560 million. The agreement also envisages an earn-out that may be paid by Snam to Edison in the event of a positive outcome to the ongoing administrative dispute concerning the revenues recognised in recent years for the activities of San Potito e Cotignola site in Italy. The…
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