News

Chevron has confirmed an oil discovery at the Bandit prospect in the Gulf of America, as announced by operator Occidental. The exploration well is located in Green Canyon Block 680, about 125 miles south of the Louisiana coast. The well encountered high-quality, full-to-base oil-bearing Miocene sands. The co-owners are currently evaluating results to determine next steps. The discovery has the…
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Honeywell is providing connected services, advanced digital performance monitoring and operator training to the Dangote Petroleum Refinery in Lekki, Nigeria — the world's largest single-train petroleum refinery. Through this collaboration, Honeywell Performance+ Services, part of Honeywell's ecosystem of Connected Solutions, will be deployed across several of the refinery's core processing…
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Maia Khitarishvili, founder and CEO of H2Earth Dynamics, explores the world of white hydrogen – and how it fits in with the global energy transition Hydrogen has long been a multi-billion-dollar market as an industrial gas, even before the recent push to use it in the clean energy transition. Today, most hydrogen is made from fossil fuels (e.g. natural gas), which is carbon-intensive, but a…
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Hans Bobeldijk, CEO at UAB-Online explains why liquid bulk terminals must move from arrival timing to operational readiness For many years, Just in Time (JIT) in shipping has been discussed primarily in the context of vessel arrival. The underlying idea was straightforward: optimise speed so ships arrive neither too early nor too late, thereby reducing anchorage congestion, fuel consumption and…
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A two-week ceasefire between the USA and Iran has been agreed, contingent on the reopening of the Strait of Hormuz. A significant relief rally is now underway, as more than 2,000 ships are set to leave the region. But oil prices are set to remain structurally higher, warns the CEO of one of the world’s largest independent financial advisory organisations. The warning from deVere Group’s…
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Emerson has introduced the Fisher IC2 Cryogenic Top-Entry Control Valve, ideal for cold box applications in air separation units, hydrogen liquefaction and LNG production. Cold boxes are insulated enclosures that house cryogenic equipment, such as heat exchangers, distillation columns, piping and valves. The IC2 control valve meets the stringent demands of these extremely low-temperature…
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Co-CEO Monica Hildinger explains how OpenTAS is shaping the next phase of terminal operations When the global tank storage community gathered in Rotterdam on 10 & 11 March for StocExpo 2026, the conversation once again revolved around key challenges: increasing operational complexity, stricter regulatory requirements, workforce shortages, cybersecurity threats and the pressure to operate…
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Firefighters have put out a blaze at one of Kuwait's major oil refineries, and at the countries airport, following Iranian strikes over the weekend. Drone strikes have caused "severe material damage" that is likely to further disrupt oil supplies.
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Jesús Manso Manso, global HSSEQ lead at Exolum looks at safety in tank storage At Exolum, safety is an integral part of how we understand the business. It is not an added element or an occasional priority, but a criterion present in every decision, project and interaction. Protecting people, facilities and the environment is a responsibility we consciously assume wherever we operate, regardless…
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Considering the market volatility stemming from the conflict in the Middle East and the closure of the Strait of Hormuz, the European Commission is calling on EU countries to make timely and coordinated preparations to secure the supply of oil and refined petroleum products in the EU. There is already an obligation on EU countries to maintain oil stocks and to have contingency plans in…
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Mitsui O.S.K. Lines (MOL Group) has launched Phase 2 of its group management plan: 'BLUE ACTION 2035' effective April 1. In Phase 2, the focus of group management will shift from 'Transformation and Expansion' to 'Value Realisation'. Building on the investments made in Phase 1 and leveraging the competitive strengths of the group, MOL will further enhance its earning power by elevating the…
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Wolong Electric America has added a new line of high power, low voltage motors to its Quantum horizontal motor line. Designed for demanding horizontal pumping applications in oil and gas and natural gas compression facilities, these 2-pole, 3-phase, 460V motors offer up to 1500 horsepower, a power range traditionally reserved for multiple units or medium voltage machines. Housed in the Quantum…
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Perpetual Next has selected Bilfinger Engineering & Consultancy as lead consultant for its Methanol Moerdijk project, a planned biomethanol facility in the Port of Moerdijk, the Netherlands. The appointment covers environmental impact assessment and permitting support for the development of the project. Under the agreement, Bilfinger will support Methanol Moerdijk with key permitting…
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HES International has launched an Open Season for CO₂ export terminals in Rotterdam & Wilhelmshaven. The Open Season process gives all market participants an opportunity to secure future terminal future capacity at the Wilhelmshaven and Rotterdam CO₂ export terminals. HES Wilhelmshaven Tank Terminal GmbH (also known as CO2nnectNOW) and HES Bulk Terminal Rotterdam are purpose‑built…
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Chevron has announced leadership updates that reflect the company’s continued focus on strong operational performance and safety. Chevron has appointed Daniel Woodall as Chief Health, Safety and Environment (HSE) Officer, effective May 1, 2026. In this role, Woodall, 49, will lead Chevron’s enterprise-wide strategy to protect people, communities and the environment while supporting safe and…
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e-SAF developer Metafuels has received a €1.92 million grant by the Dutch government for its Turbe project based in the Netherlands. The grant was awarded through the Netherlands Enterprise Agency (RVO) under the GroenvermogenNL programme. The funds will support key project milestones, such as Front-End Engineering and Design (FEED), permitting and consents and commercial development, through…
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The Egypt Energy Show 2026 launched with a stirring message from Egypt's president, Abdel Fattah El Sisi, who called on global leaders across government and industry to unite in the face of unprecedented international volatility: 'The International Energy Agency has indicated that this may be one of the most severe energy crises in modern history - indeed, possibly one of the most significant…
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The European Council has formally adopted a targeted amendment to the regulation on CO2 emission standards for heavy-duty vehicles. The new rules introduce a temporary flexibility for manufacturers to comply with their 2030 CO2 emissions reduction targets. The amendment does not alter the the long-term reduction targets. This amendment recognises the structural challenges currently faced by the…
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The Netherlands’ new truck toll is to be introduced on 1 July 2026. The toll applies to almost all Dutch highways and is applicable to domestic and foreign vehicles.   The toll has been introduced to make transportation sustainable and efficient. It is intended to stimulate investments in lighter and more environmentally sustainable vehicles.     Part of the revenue will…
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For more than 35 years, MINOVA Information Services GmbH has been developing specialised software solutions for the mineral oil industry. This long-standing sector expertise forms the foundation of the company's mission today: enabling tank terminal operators to build resilient, secure and future-ready digital infrastructures. Tank storage operations are complex, highly regulated and…
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