Terminal News
Hexicon has signed a sales and purchase agreement to take full ownership of its joint venture with Shell Overseas Investments, MunmuBaram Co.
Under the agreement, Hexicon will increase its stake in the project from 20% to 100%, increasing the project portfolio by 900 MW. Completion of the transaction is subject to regulatory approval.
The MunmuBaram project, originally initiated by the joint…
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QatarEnergy has announced that it has named the first LNG carrier to be delivered as part of its new LNG fleet expansion program the 'Rex Tillerson', in recognition of the former chairman and CEO of ExxonMobil, who also served as the 69th United States Secretary of State.
During his 10-year term as Chairman and CEO of ExxonMobil, Tillerson oversaw the consolidation of relations with the State of…
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Equinor and the Indian fertiliser and petrochemical company Deepak Fertilisers have signed a 15-year agreement for supplies of liquefied natural gas (LNG) with deliveries starting in 2026.
Equinor’s growing global LNG portfolio is based on LNG from the Equinor operated LNG Plant in Hammerfest, Norway and LNG supply sourced mainly from the US.
This portfolio will be the base of supply to…
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Varo Energy and Orim Energy are partnering to provide shipping customers in the Port of Rotterdam – and wider Amsterdam-Rotterdam-Antwerp (ARA) region – with biofuels.
The agreement supports the decarbonisation of maritime transportation and inland shipping in Northern Europe. It also contributes to the wider targets set by the International Maritime Organisation (IMO) to reduce the total…
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Technip Energies has announced a strategic investment in the United Airlines Ventures Sustainable Flight Fund. This innovative fund is strategically designed to leverage cross-industry support, providing start-ups working on Sustainable Aviation Fuels (SAF) research, production and technology, with both financial and strategic capital.
This investment positions Technip Energies as the first…
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Home to half of the world’s population and contributing a third to the global GDP, the Asia Pacific region is expected to maintain a 50% share of global primary energy demand and a 60% share of global carbon emissions until 2050. This trend is unlikely to change without strong policy action and investment. However, the region still has the potential to turn these challenges into opportunities…
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Unite the union can confirm that its Equans FM members working at Sullom Voe oil terminal in the Shetland Islands, Scotland, have accepted an improved wage offer. Around 30 key workers overwhelmingly voted to accept a wage offer negotiated by Unite over three years. The terminal workers are now set to receive a 9% wage uplift backdated to April 2023.
The union has further secured an inflation…
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ExxonMobil Low Carbon Solutions announces its recent agreement with Zeeco, makers of next-generation ultra-low NOx, for 100% hydrogen-ready industrial burners.
As industrial manufacturers explore fuel switching from natural gas, Zeeco’s technology can help to significantly lower emissions. Combining ExxonMobil’s reliable, low-carbon hydrogen with Zeeco’s technology offers its manufacturing…
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EEMUA has welcomed Warwickshire Oil Storage Limited (WOSL) as its newest corporate member.
WOSL is one of the main operators at the Kingsbury Oil complex, the largest inland oil storage depot in the United Kingdom, where it stores petroleum products (petrol, diesel and heavy oil) for distribution around the UK.
Deovonne Ferreira, EEMUA’s head of membership, says: ‘We’re delighted to…
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Fuel from an overturned and abandoned barge continues to spill, staining Tobago's coastline and now seeping into Grenada's waters, with potential implications for neighbouring Venezuela.
Despite efforts to contain the leak, the stain has spread about 144km into the Caribbean Sea over eight days.
Tobago's chief secretary, Farley Augustine, reported the spill's entry into Grenada's territorial…
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The Australian government has announced a AUD$140 million (€85 million) agreement with the Western Australian government to progress a hydrogen hub in the Pilbara region of western Australia.
This is the seventh hydrogen hub funded by the Australian government, with more than $500 million (€303 million) invested to support the development of the hydrogen industry in regional Australia.
The…
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10 factory workers have been rushed to hospital following an ammonia gas leak at a factory in Jalan Keluli 1 at the Bukit Raja Industrial Area, Malaysia.
State Fire and Rescue Department deputy director (operations) Ahmad Mukhlis Mukhtar said they were alerted to the incident at 11:15am: 'Preliminary checks suggested that there was a valve leakage from a tank storing ammonia gas. At present, 10…
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The UK's Environment Agency (EA) is investigating the cause of an oil leak in the River Stour, England. The Environment Agency (EA) said on Saturday officers located the source of the oil leak, and were investigating evidence of harm to the environment.
It also says most of the oil leak has been contained using booms and pads. 'Some oil is currently visible along a 5km (3.1 miles) stretch of…
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US LNG terminal developer Tellurian has secured more time from the US FERC to complete the construction of its Driftwood LNG project in Louisiana.
In April 2019, the FERC authorised Driftwood LNG to site, construct, and operate facilities for the liquefaction and export of natural gas in Calcasieu Parish, Louisiana.
As well as the 27 million tonnes per annum LNG terminal, the regulator also…
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Amidst shifting market dynamics, the oil and gas industry faced a significant quarter-on-quarter (QoQ) decline of 16% in disclosed contract volume from 1,401 in Q3 2023 to 1,172 in Q4 2023.
However, despite this downturn, a marginal uptick in overall contract value hints at resilience during the challenging times, says GlobalData, a data and analytics company.
GlobalData’s latest report, Oil…
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Provider of innovative energy storage solutions, Global Energy Storage Group (GES), has announced the successful sale by its subsidiary, GPS Innova Singapore Pte, of 100% of the issued share capital of SRS Middle East FZE to Paragon Capital Pvt.
SRS is a terminal comprising of 178.6 thousand m3 of storage capacity for petroleum products and petrochemicals. GES began developing the terminal on…
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Uniper is exploring the potential development of a new gas-fired power station with carbon capture technology at its Connah’s Quay site which would be capable of providing around 1.1GW of low carbon power. The proposed new power station would be developed in two phases, each with a capacity of around 550MW.
Connah’s Quay Low Carbon Power Project forms part of a long-term replacement strategy…
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Vopak is investing in new infrastructure for electricity in the US. Vopak will own and operate two stand-alone lithium-ion battery energy storage systems near Houston, Texas.
This project marks Vopak's first entry into electricity storage in the US, and is part of Vopak's strategy to accelerate towards new energies.
In March 2024, the first 10MWh is expected to be placed into service. The…
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Royal Vopak has announced its full year results for 2023, via a video with CEO of Royal Vopak, Dick Richelle.
Key highlights include:
EBITDA in FY2023 increased to EUR 964 million, proportional EBITDA to EUR 1,154 million and operating cash return to 14%
Reduced its CO2 footprint by 25% compared to our baseline of 2021 and further improved its safety performance
Actively managed its…
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Uniper has awarded Technip Energies and Aker Carbon Capture process design package (PDP) contracts to deliver its technology and design studies for the Grain Carbon Capture project.
Both companies will participate in a competition to engineer the carbon capture technology and plant design needed for the project to move to the front end engineering and design (FEED) phase, ahead of a final…
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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/