Terminal News
Chesapeake Energy Corporation and Vitol have entered into a Heads of Agreement with Chesapeake Energy Marketing, a subsidiary of Chesapeake Energy Corporation.
Under the HOA, Chesapeake will supply up to 1 million tonnes of LNG per annum to Vitol with the purchase price indexed to Japan Korea Marker for a period of 15 years. Following the execution of the HOA, Chesapeake and Vitol will jointly…
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Exxon Mobil has announced it has closed its acquisition of Denbury in an all-stock transaction valued at $4.9 billion (€4.6 billion), or $89.45 (€84.11) per share, based on ExxonMobil’s closing price on July 12, 2023.
Under the terms of the agreement, Denbury shareholders will receive 0.84 shares of ExxonMobil for each Denbury share.
Chairman and CEO at ExxonMobil, Darren Woods says:…
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[caption id="attachment_31404" align="alignleft" width="300"] Pipelines leading to an oil refinery[/caption]
On Friday 27 October, His Majesty the King Willem-Alexander of the Netherlands performed the official ceremony to start work on the construction of a national hydrogen network in the Netherlands.
The ceremony took place on the building site of Gasunie subsidiary Hynetwork Services in the…
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Aker Carbon Capture has been awarded a feasibility study by TES, to explore the implementation of a carbon capture plant at a waste-to-energy facility in Germany.
The planned capture capacity will be 400,000 tonnes CO2 per year. The captured CO2 will be transported by railcar to the TES facilities at Wilhelmshaven in Northern Germany to produce e-NG, which is electric natural gas derived from…
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South Australian energy infrastructure developer, Venice Energy and one of Australia’s leading energy providers, Origin Energy (Origin), have agreed on a structural framework that will underwrite the commercial viability of the Outer Harbor LNG import terminal to be built at Port Adelaide, Australia.
The agreement comes 18-months after the project was approved by the South Australian…
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The American Petroleum Institute (API) and Ukraine's national oil company, Ukrnafta have signed a memorandum of understanding (MoU) to promote the adoption of API natural gas and oil standards in Ukraine.
The agreement affirms both parties’ commitment to enhancing Ukraine's energy independence and its transition away from Russian standards, equipment and operations.
Anchal Liddar, API senior…
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Israel's Energy Ministry has announced that it has awarded 12 licences to six companies to explore natural gas off the country's Mediterranean coast, aiming to create more competition and diversify suppliers.
The licence awards included one group led by Italy's Eni along with Dana Petroleum and Israel's Ratio Energies which will explore an area west of the massive Leviathan field, which supplies…
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Centrica’s Irish subsidiary Bord Gáis Energy has joined ESB and dCarbonX’s subsurface green hydrogen storage project off the coast of Ireland.
The Kestrel project, which is focused on the redevelopment of decommissioned gas reservoirs at Kinsale Head gas field, aims to support Ireland’s national hydrogen strategy by establishing large-scale green hydrogen storage.
Bord Gáis will join…
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Engro Vopak Terminal located in Pakistan has achieved a safety milestone of 2 years free from reportable incidents.
This milestone means that no one has been seriously injured while working at the terminal in the past 2 years, and there have also been no risky spills.
Vopak comments: 'Safety is our highest priority, we strive to ensure that everyone can return home safely at the end of each…
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Exolum has garnered the highest possible five-star rating in the 2023 GRESB sustainability index with a score of 97 points out of 100. The company also obtained a leading position among energy and water transportation companies, was ranked first in maintenance and operation and obtained the best score in management among all 687 participating entities.
GRESB is one of the world’s leading…
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Finland's Gasgrid, which operates the floating liquefied natural gas (LNG) import terminal at Inkoo, Finland, will be opening booking for its revised winter slots for three days from Friday to help maintain stable supplies after the loss of a pipeline.
The Balticconnector line linking Finland and Estonia was ruptured earlier this month by what Finnish police say they believe was a large anchor…
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Sustainable technologies company, Johnson Matthey and BP have announced they have signed a licensing and engineering agreement for Johnson Matthey’s LCH technology at BP’s proposed flagship low carbon (blue) hydrogen facility in Teesside, H2Teesside, UK.
Due to its proximity to domestically sourced North Sea natural gas, established pipe corridors, and planned carbon capture transportation…
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TotalEnergies has signed agreements with the Aloys Wobben Foundation (AWS) to acquire the entire share capital of aggregator of renewable electricity production in Germany, Quadra Energy.
Specialising in the aggregation of renewable electricity, Quadra Energy purchased production from around 5,000 wind and solar power plants in 2022, and then resold 14 TWh on wholesale markets and to German…
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LBC Tank Terminals has achieved the 5-star rating in the 2023 GRESB benchmark, a widely respected assessment of environmental, social, and governance (ESG) performance in real estate and infrastructure assets. GRESB offers valuable insights into a company's sustainability initiatives, risk management, and long-term value creation by assessing various aspects of ESG performance, including energy…
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In its biggest deal in a decade, ExxonMobil is set to purchase Pioneer Natural Resources for $60 billion (€56.7 billion).
Exxon will acquire more than 850,000 acres in the Permian Basin in West Texas, USA, more than doubling the company’s output in a region that accounted for 18% of all US natural gas production in 2022, according to the Energy Information Administration.
Together, the…
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Sustainable carbon solutions company, Navigator CO2 has announced that the development of its pipeline project has been cancelled.
This is due to the challenges and the unpredictable nature of the regulatory and government processes involved, in South Dakota and Iowa US.
Matt Vining, CEO of Navigator CO2 says: ‘As good stewards of capital and responsible managers of people, we have made the…
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Aramco, a Global integrated energy and chemicals company, Aramco and NEOM’s energy and water company, ENOWA have announced the signing of a joint development agreement to construct and establish a first-of-its-kind synthetic electro fuel (e-fuel) demonstration plant.
It will be located in ENOWA’s hydrogen innovation and development center (HIDC) and aims to demonstrate technical feasibility…
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Advario has just completed the refurbishment and repurposing of a 115,000-barrel storage tank at its Texas City Terminal, US.
'We are very pleased to have just refurbished and repurposed a 115,000 barrel storage tank at our Texas City terminal,' says Frank Rodriguez, director commercial at Advario North America. 'The tank now stores feedstock for a nearby production facility, providing an…
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Energy and commodities company, Vitol is strengthening its position in Asia’s expanding biofuel market, with the delivery of specialised bunker barges to Singapore in 2024.
From early next year, Vitol through its wholly-owned subsidiaries V-Bunkers and Vitol Bunkers will be able to offer a range of biofuel blends, from B24, B30 and even up to B100 if customers request it.
Currently, all…
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[caption id="attachment_34480" align="alignleft" width="300"] Stainless tanks and pipeline for liquid chemical industrial on sky background[/caption]
As of October 2023, Implico is an associate member of the Independent Tank Storage Association UTV.
As advocates for digital transformation, Implico aims to illuminate innovative pathways for Germany's tank terminal operators, placing a…
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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/