Terminal News
PBF Energy has announced the closing of the sale of terminal assets previously agreed on April 30, 2025, and announced on May 1, 2025. PBF Energy, through a subsidiary of PBF Logistics LP, has sold two refined product terminal facilities located in Philadelphia, PA and Knoxville, TN, USA, for $175 million in cash (€149 million). The combined assets include 38 storage tanks with approximately…
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Equinor and partners in Åsgard and Mikkel licences have started phase 2 of Åsgard subsea compression in the Norwegian Sea. The project will help maintain production from the field by increasing the pressure in the pipelines between the wells and the Åsgard B platform.
Trond Bokn, Equinor's senior vice president for project development, says: 'In this project, Equinor, together with…
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Bp has reached a final investment decision on the Tiber-Guadalupe project in the Gulf of America, approving its second new production platform in less than two years in the critical US offshore region and further underscoring the significance of the US Gulf to its global strategy.
The 100% Bp-owned Tiber-Guadalupe will be Bp’s seventh operated oil and gas production hub in the Gulf of America,…
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Cattalini Terminals Marítimos expanded the draft of the external berth of its private pier, going from 13.10 to 13.30 metres. With the 20-centimetre increment, the company raises the feasibility of receiving LR1 class ships, which have a higher volume of payload, and potential handling gain of approximately 1,500 tonnes of liquid bulk per ship.
For the director operational and commercial of the…
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Hy2gen Nordic AS, a subsidiary of the global renewable hydrogen producer Hy2gen, has been granted zoning approval for the Iverson renewable ammonia plant at the Birkeland industrial site by the municipal council of Sauda, Norway. The decision marks a key milestone for establishing a new, pioneering industry that will help cut greenhouse emissions in the maritime sector while creating long-term…
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Serica Energy has signed a sale and purchase agreement to acquire 100% of the issued share capital of Prax Upstream (‘Prax Upstream’) from Prax Exploration & Production (in Administration) (the ‘Acquisition’). Prax Upstream holds a 100% interest in, and is the operator of, the Lancaster field. In addition, Prax Upstream is party to separate executed sale and purchase agreements with…
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BOTAŞ and Woodside have signed an LNG heads of agreement under which Woodside will supply BOTAŞ a total of approximately 5.8 billion m3 natural gas equivalent of LNG for up to nine years starting from 2030, primarily from the Louisiana LNG project.
The agreement was exchanged between Abdulvahit Fidan, BOTAŞ Chairman and General Manager, and Daniel Kalms, Woodside’s chief operating officer…
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Veramaris has partnered with Merwetank B.V. to construct a bulk algae oil storage tank in Dordrecht, near Rotterdam, Netherlands. Set to be operational from mid-Q4 2025, the facility will significantly enhance supply security and logistics efficiency for Veramaris customers.
The new tank will improve supply security for its customers in Europe by allowing more Veramaris algae oil to be shipped…
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Exmar has signed contracts with Regasificadora Del Pacífico S.A.S. in respect of the deployment of a floating storage unit (FSU) on the west coast of Colombia.
RDP is developing a fast track LNG import solution in the inner bay of Buenaventura, under a term contract signed with Ecopetrol S.A. in February of 2025 to provide regasification and logistics services for a volume of 60 MMCFD of…
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Quantem has opened its expanded Pelican Point Terminal in Adelaide, Australia, following a $52 million project to add 90,000 m3 of new diesel storage capacity at the site.
The landmark project included the design and construction of three 30,000 cubic metre diesel storage tanks and associated infrastructure to support critical transport and infrastructure requirements.
At a ceremony to mark the…
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Hanwha Ocean has awarded ABB the contract to supply a complete electric power and propulsion system for Singapore’s first floating liquefied natural gas (LNG) terminal. The contract is the latest milestone in the long-standing collaboration between ABB and Hanwha Ocean.
ABB ’s integrated electrical system on board the Floating Storage and Regasification Unit (FSRU) will comprise a medium…
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Commonwealth LNG has signed a sale and purchase agreement (SPA) with EQT. The agreement provides for the sale of 1 million tonnes per annum (mtpa) of LNG for 20 years from Commonwealth’s 9.5 mtpa export facility currently under development on the Gulf Coast in Cameron Parish, Louisiana, US.
Under the terms of the agreement, EQT will purchase LNG on a free-on-board basis at a price indexed to…
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TotalEnergies has signed agreements with NextDecade to take a 10% stake in the joint venture developing Train 4 of Rio Grande LNG (RGLNG), a liquefied natural gas (LNG) plant project located in South Texas. In addition to the 10% held directly, TotalEnergies will hold indirectly next to 7% in this Train 4 as a 17.1% shareholder of NextDecade.
At the same time, TotalEnergies, NextDecade (40%),…
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JERA and the government of Montenegro have signed an memorandum of understanding (MOU) at Gastech 2025, to explore the development of a liquefied natural gas (LNG) terminal and an associated gas-fired plant in the country.
Through this strategic partnership, the government of Montenegro will leverage JERA’s extensive global expertise to enhance its national energy mix, strengthen energy…
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Edison has signed an agreement with Shell International Trading Middle East Limited FZE for the sale and purchase of liquefied natural gas (LNG). Under the terms of the contract, Edison will receive around 0.7 million tonnes per annum (mtpa) of LNG from the United States, starting in 2028 and continuing for up to 15 years.
Edison will purchase the gas on a FOB (Free on Board) basis, using its…
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TotalEnergies and KOGAS, South Korea’s national natural gas company, announce the signing of a heads of agreement (HoA) for the annual delivery in South Korea of 1 million tonnes (mt) of LNG per year over a 10-year period starting from the end of 2027.
Awarded to TotalEnergies by KOGAS following an international tender, this contract increases to 3 mt per year from 2028 onward the volume of…
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TotalEnergies has officially inaugurated the production of SAF in Antwerp (Belgium). The ceremony took place in the presence of Belgium's Federal Minister for Mobility, Climate and Environmental Transition Jean-Luc Crucke.
The TotalEnergies refinery in Antwerp produces, in a first phase, 50,000 tonnes per year of SAF by co-processing. Production capacity will then be increased to 80,000 tonnes…
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Vopak Terquimsa, (a joint venture in which Vopak has a 50% share) has divested its Barcelona terminal to Tradebe Port Services. The Barcelona terminal is mainly used for the storage of petroleum products, chemicals and vegetable oils.
For Vopak, the Barcelona terminal is less strategically attractive. However, Vopak remains a 50% shareholder in Vopak Terquimsa Tarragona, a terminal is located…
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Equinor and Shell have appointed Neil McCulloch as CEO and Nicoletta Giadrossi as Chair of their offshore UK Incorporated Joint Venture, Adura.
These appointments mark a key step in establishing Adura as the UK North Sea’s largest independent producer, underscoring the company’s focus on operational excellence, strong governance, and a clear vision for the future of UK oil and gas.
Neil…
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Clariant Oil Services, a leading producer and supplier of specialty oilfield production chemicals and services to the oil and gas industry, has expanded its commitment to Norwegian Oil and Gas customers with a new bulk storage and transfer base located in Dusavik, Norway together with its long-standing strategic partner Swire Energy Services. The new site consists of multiple bulk storage tanks…
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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.
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