Terminal News
Woodside has signed a long-term sale and purchase agreement (SPA) with China Resources Gas (China Resources) for the supply of liquefied natural gas (LNG) to China. The SPA provides for the supply of approximately 0.6 million tonnes of LNG per year over 15 years on a delivered basis, commencing in 2027.
Woodside executive vice president and chief commercial officer Mark Abbotsford says: 'We are…
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Moeve, Exolum and the Port Authority of Huelva have revealed plans at the Port of Huelva, in Spain, for new loading and unloading infrastructure that is currently under construction. This will serve to improve operational capabilities and provide service to the new 2G biofuels plant being built by Moeve and its partners at the La Rábida Energy Park in Palos de la Frontera. The projects, called…
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Baker Hughes and Woodside Energy have announced a joint initiative to develop a lower carbon power generation technology solution utilising the Net Power platform that is specifically designed for oil and gas (including LNG), heavy industries and other smaller scale applications.
Building on their 2022 memorandum of understanding (MoU), which aimed to advance the decarbonization of the natural…
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Vopak Horizon Fujairah has successfully completed its first ISCC Certified bio-bunkering supply operations in the UAE, supporting the country’s Net Zero by 2050 strategy.
This marks a milestone in advancing the maritime industry’s decarbonisation journey by fostering more sustainable fuel bunkering supply chain solutions.
'This operation represents a significant step in the decarbonisation…
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A recent feasibility study, known as Project Willow, has outlined an ambitious plan to transform Scotland’s Grangemouth oil refinery into a low-carbon industrial hub. The proposed transition requires an investment ranging from £3.8 billion to £13 billion over the next two decades.
Commissioned by the UK and Scottish governments in collaboration with Petroineos - a joint venture between Ineos…
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Germany's RWE has agreed to supply French oil major TotalEnergies with about 30,000 tonnes of green hydrogen a year from 2030, in one of the sector's biggest deals.
The agreement runs until 2044; the biggest amount of carbon-neutral hydrogen ever contracted from a German electrolysis facility.
The deal involves RWE supplying TotalEnergies' Leuna refinery near Leipzig in eastern Germany, via its…
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LBC Tank Terminals (LBC) has announced a change in ownership. An agreement has been reached between its current owners (Ardian, APG and PGGM) and Mitsui O.S.K. Lines (MOL), marking the beginning of a new phase for the company. Following all regulatory approvals, the transaction is expected to close within the next three to four months.
LBC is one of the world's largest independent chemicals…
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Vopak has reached a positive final investment decision in expanding its global industrial terminal footprint by constructing 160,000 m3 tank infrastructure in Map Ta Phut, Rayong, Thailand, to support the import of US ethane into Thailand. Vopak’s joint venture entity Thai Tank Terminal signed a 15-year contract with PTT Global Chemical, a leading global chemicals company, for the storage and…
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GTT has received, in the first quarter of 2025, an order from an Asian shipyard for the tank design of two new liquefied natural gas carriers (LNGCs) on behalf of an Asian ship-owner.
GTT will design the tanks of these two vessels, which will each offer a total capacity of 174,000 m³ and will be fitted with a membrane containment system from the NO96 series developed by GTT.
Deliveries of the…
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LNGPH, the integrated liquefied natural gas (LNG) power facilities of South Premiere Power (SPPC) and Excellent Energy Resources (EERI), have signed an LNG sale and purchase agreement (LNG SPA) with Vitol Asia.
Starting in 2025, Vitol will supply up to 0.8 million tonnes of LNG annually for a period of 10 years. The LNG will be sourced from Vitol’s global portfolio and delivered to the LNGPH…
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Honeywell has announced that it has agreed to acquire Sundyne from private equity firm Warburg Pincus for $2.16 billion (€2 billion) in an all-cash transaction. This represents approximately 14.5x 2024 EBITDA on a tax-adjusted basis. Sundyne is a leader in the design, manufacturing and aftermarket support of highly-engineered pumps and gas compressors used in process industries. The addition of…
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LBC Tank Terminal's Seabrook facility in Galveston, Texas, USA, has achieved a new milestone with its first night-time vessel departure following the lifting of daylight restrictions. The company made an announcement on LinkedIn about the first time a fully loaded crude oil vessel has departed the terminal during night-time hours.
This achievement was made possible by Project 11, a Port of…
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Baker Hughes and Frontier Infrastructure have announced a strategic partnership to accelerate the deployment of large-scale carbon capture and storage (CCS) and power solutions in the US. As part of the agreement, Baker Hughes will provide innovative technologies and resources in support of the development of large-scale CCS, power generation, and data centre projects.
Frontier is leading the…
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Odfjell Terminals Korea (OTK) and S-OIL have strengthened their strategic partnership with a milestone 10-year storage contract, comprising three tanks (23,990 m3) within OTK’s E5 expansion project.
The E5 project involves the development of a new tank pit with 10 state-of-the-art carbon steel storage tanks (87,940 m3). Upon completion, the expansion will increase OTK’s total storage…
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The first supply of Neste's renewable diesel has been delivered to the Singapore Cruise Terminal by a tanker operated by Global Energy. The fuel was sourced from Vopak’s Penjuru Terminal, following a strategic partnership between Neste and Vopak to support Singapore's sustainable fuel development.
Ee Pin Lee, head of commercial APAC, renewable products at Neste, says: 'This first supply of…
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Chane’s new heated bulk liquid storage infrastructure is live in Chane Le Havre, Normandy, France.
On a post in LinkedIn, the company says: ‘We are proud to announce the launch of Phase 1 of our new state-of-the-art heated bulk liquid storage infrastructure, an ambitious project to continuously better serve market and our customers.’
The facility boasts a 20,000 m³ storage capacity…
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Eni and Petronas have announced a memorandum of understanding to progress detailed discussions on establishing a joint venture holding company to oversee selected upstream assets in Indonesia and Malaysia.
Both companies believe that this joint venture will create significant opportunities for growth, both in Malaysia and Indonesia, and is expected to generate substantial synergies towards…
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BP has fundamentally reset its strategy, with significant capital reallocation, and plans to drive improved performance, aimed at growing free cash flow, returns and long-term shareholder value. This strategy will see BP grow its upstream oil and gas business, focus its downstream business, and invest with increasing discipline into the transition. It builds on BP's distinct strengths and…
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ADNOC has signed a Sales and Purchase Agreement (SPA) with Osaka Gas, one of Japan’s largest utility companies, for the supply of up to 0.8 million tonnes per annum (mtpa) of liquefied natural gas (LNG) from ADNOC’s lower-carbon Ruwais LNG project. The 15-year SPA converts a previous Heads of Agreement into a definitive agreement and marks the first long-term LNG sales agreement between ADNOC…
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VTTI and Pyrum are to develop a state-of-the-art waste tyres recycling thermolysis plant at VTTI's Antwerp Terminal (ATPC, Belgium).
The new plant will have a processing capacity of up to 90,000 tonnes of end-of-life tyres annually, implemented in two phases of 45,000 tonnes each. VTTI will hold full ownership of the plant, while Pyrum will act as the development partner, providing its…
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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/