Terminal 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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In line with its strategy to grow its liquefied natural gas (LNG) business, TotalEnergies has announced the signing of two new LNG medium- and long-term contracts in Asia:
A sales and purchase agreement (SPA) with Indian Oil Corporation (IOCL) for the delivery to India of up to 800,000 tons (725,748 tonnes) per year of LNG for 10 years from 2026
An agreement (HoA) with Korea South-East…
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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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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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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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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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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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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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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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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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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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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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The European Council has announced a new regulation establishing rules for renewable and natural gases, and reforming the existing EU gas legislation.
The new rules will help in making the shift to renewable and low-carbon gases, in particular hydrogen, with a view to achieving the EU’s decarbonisation targets.
The gas package outlines rules for the natural gas market and establishes a…
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OMV Petrom has commissioned a new crude oil tank on the Petrobrazi refinery platform. The tank has been designed and built according to the latest standards in the field for increased safety. It features double walls and a double base, an aluminium dome cover, and an inner floating lid to retain vapour emissions. The construction of the project took approximately two years, with investments…
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The Trans Mountain pipeline expansion project has been completed in Canada and commenced commercial operations. The expansion project cost $30.9 billion (€28 billion) and involved laying 980 km of pipe alongside the existing 1,150 km route.
First commencing operations in 1953, the new expansion was completed in the third quarter of 2023, and commercial operations began in May 2024 with the…
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Arabian Chemical Terminals in Abu Dhabi (ACTAD) is has announced the start of operations at its newly built chemical tank storage terminal in Khalifa Port, Abu Dhabi, UAE. The terminal is the first commercial chemical tank farm of its kind in the Emirate.
Strategically located in the new world class Khalifa Port and adjacent to the Khalifa Economic Zone Abu Dhabi (KEZAD), ACTAD aims to…
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The US Department of Energy facility, National Carbon Capture Centre (NCCC), has finalised an agreement welcoming Chevron as the project’s newest industrial member. Chevron joins BP, ExxonMobil and TotalEnergies as NCCC Industrial Advisory Committee members, along with AEP, ClearPath, EPRI, NRECA, TVA and Wyoming ITC.
The NCCC’s private-industry membership now includes four of the world’s…
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Air Liquide has opened its largest hydrogen refueling station in Japan, located in Mitomiya, Fukushima prefecture, marking a huge step in hydrogen mobility. This refuelling station is strategically located near a major logistics cluster and will enable the deployment of large fleets of delivery trucks. The station will be operational 24/7 and is equipped with two dispensers.
CJPT (Commercial…
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Shares of Brazil’s state-owned oil company Petrobras Petroleo Brasileiro SA (Petrobras) have dropped after President Luiz Inacio Lula da Silva fired CEO Jean Paul Prates following a dispute over dividend payments.
Petrobras said in a statement on 14 May that Prates is expected to officially resign at an upcoming board meeting. The decision comes after months of tension after Prates refused to…
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