Terminal News
Woodside Energy (Woodside) has signed a non-binding memorandum of understanding (MOU) with Hyundai Engineering and Hyundai Glovis, establishing a strategic framework to collaborate on LNG project development, engineering services and shipping logistics. The MOU will see the parties focus on advancing execution capability and extending their reach into priority LNG markets.
Woodside executive…
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Greenergy has confirmed it will begin consultation on a proposal to cease production at its biodiesel plant in Immingham, Lincolnshire, UK. Despite significant cost reductions to improve the plant's viability, the Immingham plant has continued to be negatively impacted by market factors, including slower increases in the UKs biofuels blending mandates compared to European countries and…
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Arabian Chemical Terminals Abu Dhabi (ACTAD) has established a new partnership with Chem Innovations Industries. The company announced the move on LinkedIn, saying: 'We are proud to announce a partnership that reinforces our shared commitment to quality, reliability, and operational excellence.'
Chem Innovations Industries relies on the highest levels of purity and precision for their critical…
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Global Energy Storage Group (GES) has announced the completion of the sale of its terminal located in the Port of Rotterdam, Netherlands. The facility, which includes 212,000 m³ of tank storage and approximately 18 hectares of development land in the Europoort area, was sold to Tepsa, a European bulk liquid and gas storage operator.
The transaction represents a key milestone for GES as it…
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bp has reached an agreement to sell its mobility & convenience and bp pulse businesses in the Netherlands to Catom. The sale is part of bp’s previously announced $20 billion (€17 billion) divestment programme and is expected to complete by the end of 2025, subject to regulatory approvals.
This is the latest example of bp’s strategy in action to reshape and high-grade its downstream…
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Bp has signed a memorandum of understanding (MoU) with Libya’s National Oil Corporation (NOC) to evaluate redevelopment opportunities in the mature giant Sarir and Messla oilfields in Libya’s Sirte basin, including the exploration potential of adjacent areas, and to understand the wider unconventional oil and gas potential within the country.
The agreement provides a framework for Bp to…
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HysetCo is strengthening its network of hydrogen stations in the Île-de-France region, France. The company has increased the distribution capacity of its Paris-Orly airport station to 1 tonne per day.
This project is the result of a collaboration with Groupe ADP and is supported by the French government, the European CEF (Connecting Europe Facility) Transport programme, and the Île-de-France…
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MET, has acquired 100% of KGE, a natural gas storage operator based in Gronau, North Rhine-Westphalia, Germany. With this acquisition MET is further strengthening its commitment to investing in natural gas infrastructure in Germany.
Founded in 2007, KGE operates an H-gas cavern storage facility in Gronau-Epe with a total working gas volume of 179 million m3. It has a maximum injection capacity…
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The National Wealth Fund has announced a £28.6 million (€33.2 million) equity investment in the UK's cement decarbonisation project, Peak Cluster, to support the development of a planned carbon dioxide transport pipeline.
The investment is the cornerstone of a £59.6 million (€69.2 million) equity raise, which also includes investment through a joint venture vehicle between Summit Energy…
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The Port of Gothenburg has signed new agreements with one of its largest customers in the energy sector, Inter Terminals Sweden. The agreements benefit both parties by providing increased predictability and long-term stability, creating favourable conditions for further investments in the ongoing energy transition of their respective operations.
The parties signed both lease agreements covering…
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EET Hydrogen and ENKA İnşaat ve Sanayi A.Ş. have officially commenced ground investigation works at the Stanlow Manufacturing Complex in Ellesmere Port — the home of the UK’s first large-scale low carbon hydrogen production plant, HPP1.
In a post on LinkedIn, EET Hydrogen announced that the work is located at the heart of the HyNet industrial decarbonisation cluster, HPP1 will have a…
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Marathon Petroleum has demonstrated its commitment to environmental stewardship by earning the 2024 Port of Long Beach Green Flag Award. This recognition is part of a voluntary vessel speed reduction initiative that encourages ship operators to reduce their speed to 12 knots (just under 14 miles per hour) within 40 nautical miles (equal to 46 miles on land) of the port. The goal is to…
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BWC Terminals' board has elected Georganne Hodges as its next chair, effective July 1, 2025. Hodges has served as a member of BWC Terminals’ board since 2022 and will succeed Randy Daniels, who is retiring from the board at the end of his term June 30, 2025.
Hodges has more than 35 years of experience providing financial, commercial, and operational leadership and governance across the energy…
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Hartree Partners, a global energy and commodities trading company, has closed its acquisition of ED&F Man Commodities’ four core business units: Volcafe (coffee), ED&F Man Liquid Products (molasses, animal feeds, and fish oil), ED&F Man Sugar, and ED&F Man Cotton. The closing follows the acquisition of the majority of ED&F Man’s outstanding A2 and B1 Senior Secured Legacy…
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Coastal Bend LNG has initiated development of a 22.5 million tonne per annum (mtpa) natural gas liquefaction and export facility on the Texas Gulf Coast, US. Coastal Bend LNG’s planned development will include up to five 4.5 mtpa liquefaction trains, cogeneration, LNG storage tanks, and export facilities for shipping, bunkering, and ISO containers. Carbon capture, transport, and storage will be…
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Mitsui O.S.K. Lines (MOL) has officially become the 100% shareholder of LBC Tank Terminals, following the successful completion of the acquisition on June 30, 2025. This follows the initial announcement in March 2025 and marks the beginning of a new chapter for LBC.
This next phase positions LBC to grow with greater scale and ambition, aligned with MOL Group’s BLUE ACTION 2035 management plan,…
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Shell Canada Energy has announced that the first cargo of liquefied natural gas (LNG) has left the LNG Canada facility on the west coast of Canada. At 40%, Shell has the largest working interest in the LNG Canada joint venture. Located in Kitimat, British Columbia, the facility will export LNG from two processing units or ‘trains’ with total capacity of 14 million tonnes per annum…
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Solvay and Enagás have signed an agreement to develop a hydrogen storage hub in Polanco, Cantabria, Spain. The project will leverage Solvay's proven expertise in developing salt caverns infrastructure - originally created for soda ash production operations and repurposed into storage under the coordination of Enagás, which brings its expertise in energy transport and hydrogen infrastructure to…
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The owner of the Lindsey oil refinery at Immingham, UK, has crashed into insolvency, putting hundreds of jobs at risk. Prax Group's parent company, Sate Oil, has called in administrators amid mounting losses at the refinery. 420 employees at the refinery are at risk, though Unite the Union said this figure could be up to 1,000 when taking into account contractors and the wider supply chain.
'The…
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Centrica and PTT have signed a heads of agreement for a long-term LNG supply deal. Under the agreement, PTT will supply LNG to Centrica for a 10-year period across a range of destinations in Asia, with deliveries expected to begin in 2028.
This agreement marks a significant step forward in Centrica’s strategic efforts to grow its LNG portfolio. The agreement provides access to diverse markets…
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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/