News

Vopak has signed a strategic cooperation agreement with the Vice Mayor of Tianjin, China, delegation to support the repurposing of Vopak Tianjin's infrastructure for new energies. Tianjin, the economic hub of Bohai Bay, is the largest port in Northern China. As the number of new energies projects in the area continues to grow, Tianjin is becoming an increasingly important logistics hub for their…
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The floating production storage and offloading (FPSO) vessel, a key component of the Greater Tortue Ahmeyim (GTA) Phase 1 LNG development, has arrived at its final location offshore on the maritime border of Mauritania and Senegal. The FPSO vessel is currently being moored at the site 40 km offshore, in a water depth of 120 m. It will be operated by BP, on behalf of the project’s partners: BP,…
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Advario and Fluxys are progressing towards the next phase of their joint low-carbon ammonia terminal project in the Port of Antwerp-Bruges, Belgium. This includes initiating commercial proceedings to invite market players to reserve capacities in the terminal during the open season and advancing to FEED studies, a critical phase laying the groundwork for the terminal's development. The planned…
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Algeria's state-owned oil and gas firm Sonatrach has signed an agreement with US oil major ExxonMobil to allow the study of opportunities to develop hydrocarbon resources in Algeria's Ahnet and Gourara basins. The signing comes after Algeria's Hydrocarbon Law means that all oil and gas resources in Algeria are owned by the state. The move for additional hydrocarbon exploration will hopefully…
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Energy technology company Baker Hughes has been awarded a major contract from Sonatrach for a gas-boosting project for the Hassi R’Mel gas field in Algeria. The contract is part of a broader order awarded to a consortium between Baker Hughes and Tecnimont, part of technology and engineering group MAIRE. The signing ceremony took place in Algiers in the presence of the three company CEOs: Rachid…
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Matthew Law, vice president at Chemserve Terminal explains how the family- run chemical terminal is standing out in the USA   Founded in 2014, Chemserve Terminal is a third-generation family-owned chemical terminal in Wilmington, North Carolina, USA. The company got its start in the tugboat and barge sector, owning vessels along the Gulf Coast and East Coast of the USA. ‘Our niche these…
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AltaGas and Vopak have reached a positive final investment decision (FID) on the Ridley Island Energy Export Facility (REEF), a large-scale liquefied petroleum gas (LPG) and bulk liquids terminal with rail, logistics and marine infrastructure on Ridley Island, British Columbia, Canada. Following a five-year environmental preparation and review process, extensive engagement with multiple…
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According to the company's LinkedIn, Advario has supported the delivery of the first batch of blended Neste MY Sustainable Aviation Fuel (SAF) into Singapore Changi Airport, one of Asia Pacific’s largest aviation hubs. This achievement highlights the dedication of both Advario Singapore and Neste to support the aviation industry's journey to a more sustainable future. The SAF was produced at…
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ConocoPhillips and Marathon Oil Corporation have announced that they have entered into a definitive agreement for ConocoPhillips to acquire Marathon Oil in an all-stock transaction with an enterprise value of $22.5 billion (€20.8 billion), inclusive of $5.4 billion of net debt. Under the terms of the agreement, Marathon Oil shareholders will receive 0.2550 shares of ConocoPhillips common stock…
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ICIS hydrogen analyst, Sandeep Venkatesh, explores how renewable hydrogen is impacting tank storage   Renewable hydrogen is considered an important commodity to decarbonise areas of the economy that would otherwise struggle to electrify. However, the intermittent nature of renewable electricity supply makes it difficult to consistently meet end-use demand for renewable hydrogen. Offtakes,…
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Sherwin-Williams Protective & Marine has introduced a new, patent-pending, erosion-resistant coating (ERC) technology to protect pipe interiors from the inherent sandblasting action of grit moving rapidly through the pipes. The applied powder coating remains intact far longer than other options, protecting the steel pipes from the significant metal loss that otherwise leads to potential leaks…
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Rubis Terminal's 2023 sustainability report has been published, in a display of the company's commitment to ESG (Environmental, Social and Governance) and Corporate Social Responsibility (CSR). 'In 2023, Rubis Terminal continued its journey for ambitious CSR targets, while showing ongoing progress on our results. In a world navigating through evolving landscapes, our team has demonstrated…
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Exolum is to build a new storage terminal for biofuels and other bulk liquid products in the Port of Bilbao, Spain, on a plot adjacent to its facility in Zierbena. The first phase of the project, with a planned investment of €20 million, will start in 2025 and is expected to be operational in 2027. It will also expand the company’s service portfolio and its capacity for product storage and…
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ROSEN was awarded first place in the Innovation and Technology category of the Iconic Supplier with Inclusive and Sustainable Energy, which is presented by ECOPETROL. ECOPETROL, the leading and largest oil company in Colombia, presents this award to acknowledge suppliers who demonstrate commitment to sustainable development through the design of innovative products or services and exemplary…
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EU lawmakers have adopted the Net-Zero Industry Act (NZIA), a regulation aimed at strengthening the resilience and competitiveness of net-zero technologies manufacturing in the EU, and make the Union’s energy system more secure and sustainable. The Act sets an overall benchmark for the manufacturing capacity of strategic net-zero technologies to meet at least 40% of the EU’s annual…
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Neste has further expanded its capability to supply sustainable aviation fuel to customers in Europe in cooperation with VTTI, a global leader in energy storage and developer of energy infrastructure. Neste commissioned terminal capacity at VTTI’s ETT terminal in Rotterdam, the Netherlands, for the storage and blending of Neste MY Sustainable Aviation Fuel. The terminal is located in one of the…
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Korea Middle Power Co (KOMIPO) and Vitol have agreed to extend an existing long-term LNG Supply and Purchase Agreement (LNG SPA), originally signed in 2011. Deliveries commenced in 2015, with Vitol supplying KOMIPO with over 4 million tonnes of LNG over 10 years. Under this extension agreement, Vitol will continue to supply KOMIPO with LNG. From 2025 to 2028 Vitol will supply three cargoes per…
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Technip Energies' floating production storage and offloading unit (FPSO) has safely arrived at the Greater Tortue Ahmeyim (GTA) field off Africa’s west coast, operated by bp. The FPSO measures 270 meters long, 54 meters wide, and 31.5 meters high. It is as large as two football fields and as high as a 10-storey building. The FPSO includes eight processing and production modules and can…
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Leading energy companies Equinor, Centrica and SSE Thermal have launched plans for a collaboration of multiple low carbon hydrogen projects on the north bank of the Humber which also link to wider plans within the region. The plans, which include the transformation of the Easington gas terminal, were launched yesterday in the Houses of Parliament to an audience of MPs, civil servants, industry…
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