Kinder Morgan’s plan to expand the working gas storage capacity at its Markham Storage facility in Texas is a significant move that will provide much-needed support to Texas customers, especially during severe weather events. The new cavern leasing agreement with Underground Services Markham will add more than 6 billion cubic feet of incremental working gas storage capacity and 650 million cubic feet per day of incremental withdrawal capacity to Kinder Morgan’s extensive Texas intrastate pipeline system.

The expansion project comes after Winter Storm Uri highlighted the critical role of KMI’s storage portfolio in supplying human needs customers in Texas and providing supply to numerous electric generation facilities during the storm. With this expansion, Kinder Morgan will be better equipped to provide natural gas storage solutions to support Texas’ ability to respond to energy crises and ensure energy reliability as renewables become a greater portion of the state’s energy mix.

Prior to the expansion, Markham had 21.8 Bcf of working gas storage capacity with peak delivery of 1.1 Bcf/day of natural gas with multiple receipt and delivery points on KMI’s nearly 7,000-mile Texas intrastate system. Interested shippers can obtain more information by contacting Larry Bell, chief commercial officer of intrastate pipelines in KMI’s Midstream Group. The expansion project is expected to be completed by January 2024, with commercial in-service starting at the same time.

For more information visit ir.kindermorgan.com

Brooge Energy Ltd, a Cayman Islands-based infrastructure provider, which is currently engaged in clean petroleum products and biofuels and crude oil storage and related services, has announced its financial results for the year ending December 31, 2022. Management will host a conference call on Thursday, May 4th at 10 a.m. ET and requests that all questions be submitted to BROG@KCSA.com by Sunday, April 30th at 8 p.m. ET.

”We are pleased to report revenue growth of 95 percent year-over-year for 2022 and a net profit of USD $27.3 million,” said Lina Salah Saheb, interim chief executive officer of Brooge Energy. “We are providing revenue guidance for 2023 of over USD $125 million based on near 100 percent Phase I and II storage capacity. Going forward we will continue to make progress on our Green Hydrogen and Green Ammonia Project and on the Phase III expansion as well as explore additional partnerships.”

Ms. Saheb was appointed as the interim chief executive officer of Brooge Energy and its subsidiaries in December 2022 and is diligently working to continue the vision of the Company. Since her appointment, Ms. Saheb has put in extraordinary efforts in leading the team to conclude the issuance of six financial statements within the stipulated extension provided by Nasdaq. These financial statements included: three audited restated financial statements for the years ended 2018 to 2020, two audited financial statements for the years ended 2021 and 2022, and the interim financial statements for the period ended June 30, 2022. This was following the recommendation of the Audit Committee of the Board of Directors.

Financial Results for the Year Ending December 31, 2022

In 2022, Brooge Energy provided storage capacity of 1,001,388 cbm and related services to numerous oil traders and producers generating revenue of USD $81.5 million in 2022, a 95 percent year-over-year increase, as compared to USD $41.8 million in 2021. This significant increase is mainly attributable to the commencement of Phase II storage and services in September 2021, which were available during the year in 2022, as well as signing new contracts at higher storage rates.

Gross profit for 2022 totalled USD $56.8 million, an increase of 112 percent, as compared to USD $26.8 million in 2021. Gross profit margin improved by 70 percent in 2022 as compared to 64 percent in 2021.

For the year ending December 31, 2022 the Company reported a net profit of USD $27.2 million or $0.31 per basic and diluted share, an increase of 6 percent, as compared to USD $25.7 million or $0.29 per basic and diluted share in 2021, predominately due to an increase in non-cash change in estimated fair value of derivative warrant liability, increase in general and administrative expenses, and increase in finance costs related to Phase 2 construction.

Operations Update and Highlights:

The success of Phase I and II, led the Company to consider expanding its storage facilities where it has conducted a feasibility study and commenced early preparation works on Fujairah Phase III. Upon successful expansion of the Phase III facility, this would position the Company as one of the largest independent oil storage facility in Fujairah, with capacity to store clean petroleum products, middle distillates, high and low sulphur fuel oil as well as crude oil.

The Company is also in the advanced stages of planning a Green Hydrogen and Green Ammonia Project, which aims to produce up to 700,000 MT of green ammonia per annum once fully completed. The Green Hydrogen and Green Ammonia Project is one of the first privately owned company green ammonia projects in the United Arab Emirates and the region, led by Brooge Energy Limited’s 100 percent owned subsidiary Brooge Renewable Energy, which aims to produce renewable, carbon-free fuel using solar power. The Company recently announced that the technical study of its plant conducted by Thyssenkrupp Uhde has been completed and delivered.

Earlier in 2023, the Company announced a partnership through the Company’s subsidiary Brooge Renewable Energy (“BRE”) with Siemens Energy (“SE”), one of the world’s largest energy technology companies, to build a photovoltaic (“PV”) solar farm to supply BRE’s Green Hydrogen and Green Ammonia project in Abu Dhabi, United Arab Emirates. BRE and SE partnership is aimed to build up to 650 MW solar PV plant to supply BRE’s planned Phase 1 of the green ammonia project with renewable energy. Siemens Energy will serve as the Technical Partner to Brooge and exclusive provider of solutions including engineering, design procurement, and construction of up to a 650 MW solar PV plant including grid connection and operation and maintenance services. The two companies will partner to obtain the necessary project approvals from governmental agencies as a first step of the project targeting construction commencement in the second half of 2024.

On March 28, 2023, Brooge Energy was awarded “Best Specialist Liquid Bulk Terminal of the Year 2023” and “Safe and Secure Terminal of the Year” at The Global Ports Forum Awards, a highly respected ceremony within the global ports and terminal industry, in Dubai, UAE.

Outlook for 2023

At year end 2022, the Company had five oil storage customers providing diversification of revenue with longer term contracts and renewal options. Based on this information and near 100 percent Take or Pay contracted storage capacity of Phase I and II during 2023, management is providing revenue guidance for over USD $125 million for 2023, an increase of at least 53 percent year-over-year.

Conference Call Details
Date: Thursday, May 4, 2023
Time: 10:00 a.m. Eastern Time
Webcast: www.viavid.webcasts.com/starthere.jsp?ei=1610239&tp_key=6e19069490
Dial-In Number: 1-888-886-7786 or 1-416-764-8658
UAE Toll Free: 800035703632
Conference ID: 60400024
Deadline to Submit Questions: Sunday, April 30, 2023 at 8 p.m. ET
Email to Submit Questions: BROG@KCSA.com
Replay: 1-844-512-2921 or 1-412-317-6671 (Access ID: 60400024)

For more information visit www.broogeenergy.com

Toptech Systems are pleased to announce that the first production deployment with Order Reservations, the newest feature in Load2day, was recently completed and is in use. Order Reservations furthers the benefits of Load2day. The feature allows suppliers to empower their customers with the ability to create orders. This service saves suppliers time and money by removing “create orders” from their to-do list, without losing any control.

For example, suppliers can still set the customer credit limits and their daily, weekly, and/or monthly supply limits. The volumetric credit and supply amounts are reserved from the quantities that have been made available to the customer. This means customers can operate within the credit and supply limits set by their supplier with full visibility to their available volume. Plus, a colour-coded display allows suppliers to quickly view which orders are within the credit and supply limits, which orders are outside the limits, and which orders have at least one product that passed and at least one that failed.

Once an order has been fully authorised by the supplier, it is populated in TMS. When the driver loads and completes that order, the BOL and transaction information are sent back to Load2day for the supplier and their customer. The BOL is also available in the Load2day Driver Connect app. The supplier can then invoice their customers and release the reserved quantity in credit.

Toptech are pleased to report the pilot site’s supplier and customer are very pleased with the solution and the smooth implementation. The supplier plans to offer this service to all their customers and carriers at the first site in the coming month and expand it to additional terminals over the next few months.

Order Reservations provides control and visibility to suppliers and customers, gives better organisation and control to the terminals, expedites transaction data for all parties, and accelerates invoicing capabilities for suppliers.

For more information visit www.toptech.com

Sunoco LP are proud to announce the acquisition of 16 terminals from Zenith Energy across the East Coast and Midwest.

These terminals reflect their mission to grow their fuel distribution network so they can continue to deliver the fuel, services and support needed to fuel the people who keep our world moving.

Get more details of Sunoco’s 42 company terminals here: https://bit.ly/3VmsSUB

For more information visit www.sunocolp.com

Scully Signal Company and Emco Wheaton are pleased to announce the latest innovation in fluid handling systems, TankTek™. TankTek is the product of a new partnership between Scully and Emco Wheaton, both longtime industry leaders in protecting people and the environment.

“Together, we have developed a great solution—one that combines bottom loading vapour recovery with overfill prevention and static grounding verification—to help protect workers and the environment,” said Scully president & CEO Katrina Scully Ohl.

Managing petroleum-based products requires a high degree of attention to help ensure the safety of operators and reduce environmental impacts. The TankTek kit includes bottom loading vapour recovery and overfill prevention and static grounding verification equipment for tank truck manufacturers, OEMs, and carriers.

TankTek’s vapour retention system captures vapour’s during loading and unloading, and the overfill prevention and grounding verification system protects against spills and explosions. The TankTek system:

• Reduces downtime and repair costs with a high-quality system that is built to last.
• Meets delivery commitments—when and where it is needed.
• Maximises vapour retention while controlling fills and avoiding spills.

The TankTek system is made in the United Kingdom and United States, in vertically integrated manufacturing facilities with a focus on operational excellence, quality, and customer commitment. DynaCheck—Scully’s patented self-checking module—is integrated into TankTek’s electrical system, ensuring dependability throughout the product life cycle. TankTek’s long-term reliability means minimal downtime and greater profitability for the customer.

“As TankTek is launched into the North American market, we will be working closely with our customers to understand their business and technical needs, based on our vast global experience. Our goal is to offer equipment that results in an optimised loading and unloading process, increased efficiencies, and driving growth. This growth will be predicated upon our ability to meet and exceed customer expectations,” said Bora Filipovic, global commercial director at Emco Wheaton.

“Scully will serve as the single point of contact throughout the United States and Canada, making it easy for customers to learn about, and install, the new system with the expert assistance of our sales and technical support teams,” added Scully Ohl.

For more information visit www.scully.com

Cool Sorption is pleased to announce that it has been awarded a contract to deliver a Methanol Vapour Recovery Unit. This contract is a recognition of Cool Sorption expertise and commitment to providing innovative solutions and meeting the highest standards of efficiency.

Furthermore, this contract will allow Cool Sorption to build on a strong partnership with European Energy A/S and will represent a significant step forward in our efforts to support the Power-to-X industry, contribute to the decarbonisation of our energy mix and support the development of sustainable Eco Friendly Fuels.

The methanol facility is expected to deliver 32,000 tonnes per year of Carbon Neutral e-methanol for the shipping industry and plastic manufacturing, and Cool Sorption is proud to be a part of this first large-scale e-methanol production in Denmark.

For more information visit www.coolsorption.com

Gizil’s dedicated team has worked tirelessly to boost the send-out capacity of the LNG plant, enabling them to meet the growing demand for clean and reliable energy.

Image supplied by Gizil

This comprehensive project was aimed at increasing the send out capacity of the LNG Terminal. The scope of the project included the Electrical and Instrumentation works which were carried out with a keen focus on safety, quality, and timely delivery. The work involved product supply, dismantling, installation, testing, and commissioning for a variety of systems. The specific components of the project scope included:

• 6.3kV System: Revamping the existing system and enhancing the capacity of the medium voltage system.
• 0.4kV System: Upgrading the low voltage system to improve efficiency and reliability.
• Metering Station: Delivering a fully equipped metering station, along with its integration into the existing facility.
• Automation System Including ESD Integration: Design, supply, and installation of a comprehensive automation system with integrated Emergency Shutdown (ESD) system, improving safety and process control.
• Instrumentation: Supply and installation of a variety of instrumentation devices, enhancing the plant’s measurement and control capabilities.
• Fire & Gas Detection System: Installation of a robust Fire and Gas detection system, ensuring improved safety standards for the facility.
• Medium Voltage Cables: Supply and installation of medium voltage cables, as part of the upgrade of the 6.3kV system.
• Low Voltage Power Cables: Supply and installation of low voltage power cables, supporting the upgrade of the 0.4kV system.

For more information visit www.gizilenerji.com

Memorandum of Understanding signed for the development of a tank farm for renewable fuels in Duisburg-Hochfeld.

duisport is consistently continuing the site development of Duisburg into a central hydrogen hub: Duisburger Hafen AG and Koole Terminals, a Dutch developer and operator of liquid bulk terminals, have signed a joint letter of intent to develop a tank farm for liquid renewable fuels and raw materials such as ammonia in the Port of Duisburg. Ammonia is an important energy source for hydrogen. A site at the so-called Rheinkai Nord in Duisburg-Hochfeld has been chosen as the future location for this project.

duisport CEO Markus Bangen: “Important contribution to establishing Duisburg as a central hub for sustainable energy products”

The partnership between duisport and Koole creates conditions and releases synergies, which will strengthen the entire Rhine-Ruhr industrial region in the long term and continuously expand and strengthen Duisburg as a central hydrogen hub.

duisport CEO Markus Bangen: “For the energy turnaround to succeed, Germany’s industry is dependent on the rapid expansion of a high-performance infrastructure for renewable energies such as hydrogen – and we are providing it. In this way, we are making an important contribution to establishing Duisburg as a central hub for sustainable energy products in North Rhine-Westphalia. In Koole, we have found a strong and experienced international partner with the necessary know-how to realize these plans as part of our long-term development strategy.”

“The topic of hydrogen has long played a central role for Duisburg and is also the key to a sustainable future for logistics. Where coal was once stored and handled in the outer harbour, green products will be moved in the future. This is structural change par excellence,” adds Alexander Garbar, head of corporate development at duisport.

Koole Terminals CEO John Kraakman: “Building highly required infrastructure to serve our customers in Germany even better”

“Koole is an experienced independent operator of twenty-one liquid bulk terminals across seven countries. With our current and planned infrastructure, terminals, modalities, and integrated solutions, we play a leading role in facilitating the energy transition. We are pleased with the opportunity to develop a terminal for sustainable fuels and feedstocks in Duisburg at a pivotal location in Germany. This will allow us to serve existing and new customers even better, going into this new era” says Tamme Mekkes, business development director at Koole Terminals.

For more information www.koole.com

Mabanaft’s Hamburg Waltershof tank terminal has recently been certified to the requirements of quality management.

All of Mabanaft’s eleven tank terminals are now certified in energy management according to DIN EN ISO 50001 as well as in quality management according to DIN EN ISO 9001. With the integrated management system, Mabanaft will be able to make processes even more efficient in the future.

For more information visit www.mabanaft.com/en/

RWE, the UK’s largest power generator and Kellas Midstream, a UK based independent energy infrastructure company have announced a partnership to explore the potential for large-scale green hydrogen production on Teesside, an area committed to playing a vital role in helping the UK achieve its 2050 net zero ambitions by becoming one of the world’s first decarbonised industrial clusters through the production, consumption, and export of low carbon hydrogen.

RWE and Kellas have signed a Memorandum of Understanding (MoU) to jointly progress opportunities for gigawatt-scale green hydrogen production on Teesside in a phased development matched to customer demand. The hydrogen production site will be located in Teesside close to emerging hydrogen infrastructure and will leverage each of the company’s leading positions in energy infrastructure and renewables.

Hydrogen has a crucial role to play in achieving net zero and is an essential component to decarbonise industry. Teesside is the perfect location to deliver the green hydrogen development as it is close to industry that needs to decarbonise and a growing offshore wind pipeline.

Kellas owns, manages, and operates a portfolio of critical energy infrastructure in the Central and Southern North Sea, including its CATS (Central Area Transmission System) terminal on Teesside that transports and processes around a quarter of all UK gas production. CATS is also the location for Kellas’ ground-breaking H2NorthEast blue hydrogen project that will deliver over 1GW of low carbon hydrogen and contribute as much as 10 percent of the UK’s target hydrogen production by 2030.

RWE is proactively investigating hydrogen opportunities across the UK including the potential development of green hydrogen plants at Pembroke, Didcot and in Markinch near Fife. The company has a wealth of knowledge and experience in the development of green hydrogen projects across Europe including involvement in GET H2 and Hollandse Kust West. The company is targeting 2GW of green hydrogen development in its core markets by 2030.

Nathan Morgan, Kellas CEO, said “We are delighted to announce this partnership with RWE, an organisation that shares our drive and commitment to actively shape the future of the hydrogen economy and help our stakeholders achieve their net zero ambitions. There are real synergies between green hydrogen production and our core energy infrastructure activity, and we aim to leverage our leading position on Teesside, through our CATS facility and emerging blue hydrogen activity, as part of our collaboration with RWE.”

Sopna Sury, COO Hydrogen, RWE Generation, said “This partnership with Kellas is an exciting development in RWE’s green hydrogen plans, with ambitions to invest £15 billion in the UK in suitable and cost-effective green energy projects by 2030. Projects like the Teesside development will help Government achieve its target for 10GW of low carbon hydrogen production and play an essential role in the pathway to net zero, particularly in hard to decarbonise industry. We are committed to playing a full part in the delivery of this emerging technology in the UK, and at the same time creating skilled green jobs.”

Tees Valley Mayor, Ben Houchen, said “This is another big step forward for hydrogen production on Teesside. Our region already produces around half of the UK’s hydrogen and we’re on track to become one of the world’s first decarbonised industrial clusters by 2040. It’s great to see that our growing hydrogen infrastructure is attracting yet more massive international companies that will drive forward the UK’s clean energy ambitions and – vitally – create good-quality, well-paid jobs for local people in the cleaner, safer and healthier industries of the future.”

For more information visit www.rwe.com

Rubis Terminal is a leading provider of tank storage solutions for a diverse range of products in the fuel, biofuel, chemical, and agri-food sectors. With a focus on specialty chemical products, Rubis Terminal is committed to providing sustainable and efficient services to its customers, including chemical companies, distributors, traders, and wholesalers.

Rubis Terminal’s chemical activity is a top-level asset, equipped with state-of-the-art technology to ensure the safe and efficient handling of chemicals. The company’s terminals are designed to minimize the impact of its operations on the environment. In some of its terminals, particularly in the ARA+D region, Rubis Terminal’s activity generates zero product emissions.

Rubis Terminal’s commitment to sustainability goes beyond its operations. The company is dedicated to providing excellent services to its customers, including multimodal and high-performance connections. Rubis Terminal’s commitment to sustainability and excellent customer service is reflected in its new website, which provides detailed information about its products and services.

As a leading provider of tank storage solutions, Rubis Terminal is proud to be at the forefront of sustainable tank storage solutions. Join Rubis Terminal in its commitment to a sustainable future. Visit its new website to learn more about its products and services.

For more information visit www.rubis-terminal.com

ExxonMobil made a final investment decision for the Uaru development offshore Guyana after receiving required government and regulatory approvals. The company expects Uaru, the fifth project on Guyana’s offshore Stabroek block, to add approximately 250,000 barrels of daily capacity after a targeted startup in 2026.

“Our fifth, multi-billion-dollar investment in Guyana exemplifies ExxonMobil’s long-term commitment to the country’s sustained economic growth,” said Liam Mallon, president of the ExxonMobil Upstream Company. “Our Guyana investments and unrivalled development success continue to contribute to secure, reliable global energy supplies at this critical time.”

The $12.7 billion Uaru project plans to include up to 10 drill centres and 44 production and injection wells aimed at developing an estimated resource of more than 800 million barrels of oil.

MODEC is constructing the Floating Production Storage and Offloading (FPSO) vessel for the Uaru project, which will be called the Errea Wittu. ExxonMobil is utilising its diversified supplier base to help reduce costs and safely accelerate development in its Guyana operations. The company’s diverse supplier base includes nearly 1,000 unique local Guyanese suppliers, exemplifying Guyana’s growing in-country supply chain capabilities.

Two FPSOs, the Liza Destiny and Liza Unity, are currently operating offshore Guyana and safely produced an average of 375,000 barrels of oil per day in the first quarter. A third FPSO, the Prosperity, is expected to be operational later this year, adding 220,000 barrels of daily capacity from the Payara development. ExxonMobil made a final investment decision on the fourth offshore project, Yellowtail, last year. The company is targeting to have six FPSOs online by the end of 2027, bringing Guyana’s production capacity to more than 1.2 million barrels per day.

ExxonMobil’s Guyana developments are generating around 30 percent lower greenhouse gas intensity than the average of ExxonMobil’s upstream portfolio. According to the independent research firm Rystad Energy, they are also among the best performing in world with respect to emissions intensity, outpacing 75 percent of global oil and gas producing assets.

ExxonMobil affiliate Esso Exploration and Production Guyana Limited is operator and holds 45 percent interest in the Stabroek Block. Hess Guyana Exploration Ltd. holds 30 percent interest and CNOOC Petroleum Guyana Limited holds 25 percent interest.

For more information visit www.corporate.exxonmobil.com

Venture Global LNG announced the execution of a long-term Sales and Purchase Agreement (SPA) with JERA Co., Inc. for the sale of 1 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from CP2 LNG for 20 years. CP2 LNG is Venture Global’s third project and is expected to commence construction later this year. To date, the company has announced SPAs for over a third of the 20MTPA nameplate facility with active discussions ongoing for the remainder of its capacity. This deal follows JERA Global Markets’ purchase of the inaugural commissioning cargo of LNG exported from Venture Global’s first project, Calcasieu Pass.

“Venture Global is thrilled to be expanding our partnership with JERA, one of the world’s premiere energy providers and largest buyers of LNG,” said Mike Sabel, CEO of Venture Global LNG. “Japan has taken a pragmatic approach to ensuring its energy security while advancing environmental progress. We are honoured to supply our growing customer base in Japan with a clean and reliable source of lower carbon energy and look forward to supporting JERA in its efforts to bring LNG to the region for many years to come.”

“LNG procurement competition has been intensifying and thus, stable procurement of LNG in a timely manner in line with the domestic electricity supply-demand situation is needed to secure a stable supply energy in Japan. This is a destination free FOB contract, which enables JERA to secure LNG in a high flexible manner and is expected to help with our capability to respond to volatility in the domestic electricity supply and demand” said Sunna Nakamura, senior managing executive officer, optimisation of JERA.

For more information visit www.venturegloballng.com

Tanknology Inc., the global leader in environmental compliance testing, inspection services and fuel quality solutions has announced the acquisition of Northwest Tank and Environmental Services (Northwest Tank), a Woodinville, Washington-based provider of underground storage tank (UST) compliance services and metre calibrations.

“The transaction is expected to provide significant benefits to both companies’ customer base by adding highly skilled employees, expanding geographic capacity and offering additional proprietary testing and inspection services. Northwest Tank shares in our commitment to a customer-centric culture and delivery of a highest quality of service“ said Allen Porter, Tanknology president and CEO.

“I am extremely proud of what Tanknology has accomplished over the last 35 years as the industry-best service provider, and innovator and manufacturer of industry-leading technologies and equipment,” Porter continued. “Our objective has always been to meet the compliance needs of our customers and international partners. The integration of Northwest Tank’s expertise, services, and processes, further expands this mission and positions Tanknology toward many years of growth and industry leadership.”

Northwest Tank provides UST compliance services in Washington, Oregon, Idaho and Montana and conducts metre calibrations in Washington, Oregon, California, Idaho, Montana, Hawaii, Nevada, Utah, New Mexico, Wyoming, Colorado, Arizona, Minnesota and Wisconsin.

“Northwest Tank and Environmental Services is excited to be joining Tanknology,” said Remy Cano, president of Northwest Tank. “Our customers will benefit from our ability to integrate Tanknology’s industry-leading technologies, systems and processes. By joining with Tanknology, Northwest Tank will enhance our capacity for delivery of service and be able to offer our customers additional services and resources. As a part of Tanknology our employees will have greater depth and breadth of support and increased opportunities.”

For more information visit www.tanknology.com

Technip Energies are very proud to announce that they have been granted Approval in Principle by Bureau Veritas Group for their innovative Offshore C-Hub™ concept – a floating vessel that receives liquid CO2 from shuttle tankers, provides buffer storage of liquid CO2 in its hull and continuous injection of the CO2 into an offshore aquifer or depleted reservoir. The Offshore C-Hub™ offers a reliable, safe, and cost-effective solution for the permanent storage of CO2 in offshore reservoirs.

Technip Energies are committed to developing sustainable and innovative solutions including Carbon Capture Utilisation and Storage (CCUS) solutions to decarbonise the industry and support its clients’ net zero goals.

For more information visit www.technipenergies.com/en

HMT LLC, the global leader in above-ground storage tank solutions and a key resource for the oil and gas industry for emissions reduction and environmental solutions, has named Allie Alderson as director of sustainability, a new position.

Alderson, who has been at HMT for 13 years, most recently as general manager of domestic product sales, will direct HMT’s ongoing and new sustainability programmes, including those focused on the company’s own operations and on how it serves customers and the industry overall. They include, but are not limited to, initiatives to make operations & manufacturing processes more energy efficient, educate on and reduce fugitive Scope 1 & Greenhouse Gas emissions of our customers, often by thousands of pounds per tank per year, and serve the communities in which the company operates.

“Given HMT’s role providing critical, forward-thinking environmental solutions, the director of sustainability position requires a professional with a deep knowledge of and commitment to our business. The way we design, manufacture, and distribute products and services that mitigate the industry’s environmental impact, making the storage of energy ever safer and more efficient, are the heart of this position. Allie Alderson is that person. In her successful tenure on the product and customer side, she has helped the industry understand and comply with regulations, educated on sustainability and environmentally focused legislation, and she has demonstrated clear leadership. Her impact on how we approach our own operations has been significant,” said HMT CEO Veronique Trudeau.

Said Alderson, “It’s an honour to assume oversight of HMT’s sustainability efforts and to work for a company that makes this a priority. Throughout my career at HMT, I’ve been motivated by the emissions reduction and safety focus that backs all of our offerings and operations around the world. I’m excited to lead this work to expand upon that tradition and to help set new sustainability standards for the industry.”

Alderson is a trainer for the ILTA post-conference session “Terminals 101”, participates in the API standards, and hosts conference talks regarding aboveground storage tank design optimisation, emission modeling and reduction, optimal external roof drain sizing to avoid failure, to name a few. Alderson recently co-hosted a panel discussion for the National Institute for Storage Tank Management that included the Texas Commission on Environmental Quality (TCEQ) authors of the SB 900 bill that affects tank owners and operators, and she authored a series of articles on the environmental and business implications of said bill.

For more information visit www.hmttank.com

Honeywell have announced it has agreed to acquire Compressor Controls Corporation (CCC) from INDICOR, LLC, which is owned by funds affiliated with private equity firm Clayton, Dubilier & Rice, LLC and Roper Technologies, Inc., for $670 million, which represents ~15x 2023E EBITDA on a tax adjusted basis, in an all-cash transaction. CCC is a leading provider of turbomachinery control and optimisation solutions, including control hardware, software and services, and primarily serves the LNG, gas processing, refining and petrochemical segments.

CCC’s EBITDA margins are accretive to Honeywell, and Honeywell is expected to achieve a cash-basis return on investment of more than 15% by the fifth year that CCC is part of Honeywell.

The acquisition will be integrated into Honeywell’s Process Solutions business and will strengthen Honeywell’s leadership in industrial control, automation and process solutions, enabling customers to accelerate their energy transition.

The acquisition also bolsters Honeywell’s high growth sustainability portfolio with new carbon capture control solutions, where the same turbomachinery is used to achieve effective removal of CO2 from process plant emissions, and even from the Earth’s atmosphere.

“Compressor Control Corporation is an ideal complement to our process solutions portfolio, as it brings an installed base of greater than 14,000 control applications to our portfolio and will enable us to accelerate growth in combination with Forge’s industry leading APM capability,” said Lucian Boldea, president and chief executive officer of Honeywell Performance Materials and Technologies. “By enhancing our digitalisation portfolio, we are helping customers accelerate their energy transitions through new controls and automation that, for example, can help with carbon capture and sequestration.”

The addition of CCC’s proprietary performance analytics, optimisation algorithms and predictive health analysis to Honeywell’s existing Forge Performance+ offering will offer end users the greatest opportunity to maximise production uptime and minimise maintenance spend through the industry’s most comprehensive Asset Performance Management (APM) capability built on a true, cloud-native architecture.

The combination of the company’s existing offerings will provide the most complete end-to-end portfolio of products for operational control, safety, and asset performance management of compressors, turbines, generators and other turbomachinery in the LNG, gas processing, refining and petrochemical segments. These assets are the most critical production assets in these industries and have significant impact on the downtime, energy consumption, and maintenance expense of end users.

The transaction is expected to close in the second half of 2023, subject to customary closing conditions, including receipt of certain regulatory approvals.

For more information visit www.honeywell.com/us/en

Suncor Energy have announced that it has agreed to purchase TotalEnergies’ Canadian operations through the acquisition of TotalEnergies EP Canada Ltd., which holds a 31.23 percent working interest in the Fort Hills oil sands mining project and a 50 percent working interest in the Surmont in situ asset. This will add 135,000 barrels per day of net bitumen production capacity and 2.1 billion barrels of proved and probable reserves to Suncor’s oil sands portfolio. The acquisition is for cash consideration of $5.5 billion, with the potential for additional payments of up to an aggregate maximum of $600 million, conditional upon Western Canadian Select benchmark pricing and certain production targets. Subject to closing, the transaction will have an effective date of April 1, 2023.

“This transaction represents a major step in securing long-term bitumen supply to our Base Plant upgraders at a competitive supply cost,” said Rich Kruger, president and chief executive officer. “These are valuable oil sands assets that are a strategic fit for us and add long-term shareholder value. The acquisition also introduces flexibility and optionality into our long-range capital plan, providing us with further discretion in respect of the timing and scope of future oil sands developments.”

With the transaction Suncor will have 100 percent ownership of Fort Hills, which along with the Firebag and MacKay River in situ assets, provides the company with sufficient long-life, physically-integrated bitumen supply in the Fort McMurray region to fully utilise the Base Plant upgraders post the end of the Base Mine life in the mid 2030s.

Surmont is a high-quality, producing asset which adds long-life production to Suncor’s oil sands portfolio that is competitive with the company’s organic development options. The asset also has the potential for growth through cost-competitive expansion. When the Base Mine life ends in the mid 2030s the bitumen production from the combination of the Fort Hills and Surmont interests will effectively replace half of the current Base Mine bitumen production. Replacement of the remaining Base Plant Mine bitumen production will involve economic decisions assessing the highest value use of capital in the future.

With Suncor’s strong balance sheet the acquisition will be funded by debt. As a result, it is expected that net debt levels will temporarily exceed the company’s $12-15 billion target range. The company will maintain the current allocation of funds flow after dividends, capital and non-operational benefits of 50 percent to debt reduction and 50 percent to share buybacks in line with the capital allocation framework. Suncor expects to return to within its target net debt range in 2024 based on current expected commodity prices. The acquisition is expected to strengthen the underlying business, result in increasing funds flow and be accretive to funds flow per share. Assuming the acquisition closes as contemplated, the Board currently intends to increase the quarterly dividend by approximately 10 percent following closing.

The Surmont in situ project is operated by ConocoPhillips Canada and upon closing, each of Suncor and ConocoPhillips Canada will hold a 50 percent working interest. Under the terms of the Surmont joint venture arrangements ConocoPhillips Canada has certain preemptive rights including a right of first refusal on the 50 percent Surmont working interest. Closing of the transaction is anticipated to occur in the third quarter of 2023 and is subject to waiver of the right of first refusal on the Surmont working interest and other customary closing conditions, including receipt of all required regulatory approvals.

The addition of these assets to Suncor’s portfolio will be subject to our net zero by 2050 emissions reduction objective.

Suncor engaged J.P. Morgan Securities Canada to act as its exclusive financial advisor and Blake Cassels and Graydon LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP as its legal advisors on the transaction.

To view the investor presentation regarding this acquisition, visit suncor.com/investors.

For more information visit www.suncor.com

Dover Fueling Solutions, a part of Dover Corporation and a leading global provider of advanced customer-focused technologies, services and solutions in the fuel and convenience retail industry, is proud to announce its partnership with ICASA Energy Solutions and Technical Services Group, to offer DX Power™, DFS’ seamless electric vehicle payment solution, in Europe.

DFS and ICASA, a major player in integrated, end-to-end cloud solutions for the management of energy activities, established a strategic partnership after years of successful and intensive cooperation. In conjunction with Prizma, DFS’ connected mobility and convenience hub, and the integrated ICASA solution, DX Power can provide station operators with improved visibility and control over all EV transactions and offer flexible payment options.

“The success of the initial launch of DX Power in Europe has exceeded our expectations,” said Raf Tormans, senior manager, product management, DFS. “DX Power makes it possible for EV chargers to be included in transactions through the point of sale (POS) system and the outdoor payment terminal. This enables customers to pay for EV charging with cash, as well as a traditional bank card, local account and fleet card.”

“The complexity and the biggest challenge of public EV charging lies in the identification and authentication of the EV driver,” Steve Vandermeeren, COO/CTO of ICASA, explains. “The partnership with Dover Fueling Solutions and the successful integration with DX Power allows us to authorise EV charging sessions via both fleet card and bank card, not requiring any subscriptions and providing EV drivers with the freedom to charge anywhere.”

As part of the DFS and ICASA partnership, the two companies completed a successful DX Power pilot programme using TSG, the European leader in technical services for responsible mobility solutions. The pilot programme was conducted at an AVIA VOLT site in Enschede, Netherlands and made possible due to the high level of cooperation from AVIA VOLT’s fully working service station.

Through the pilot program, DX Power successfully bridged the gap between EV chargers and the remaining AVIA VOLT forecourt system, helping to streamline the site and provide a frictionless customer journey. The ability to connect EV chargers to Prizma marks a new milestone for the DFS and TSG partnership in Europe.

“DX Power will enrich the customer journey and stimulate electric mobility by offering all existing and new payment methods while giving fuel retailers a clear insight on costs before and after the EV charging transaction,” said Tommy van der Sluijs, business development manager EV, TSG Charge. “Only an intensive and successful cooperation between DFS, ICASA, and TSG could have led to this successful result.”

DX Power is compliant with applicable European Union regulations and industry standards. With the completion of the pilot programme, DX Power will expand in Europe over the coming months.

For more information visit www.doverfuelingsolutions.com/dxpower

Royal Vopak and AltaGas Ltd. are pleased to announce the execution of definitive agreements for a new 50/50 joint venture to further evaluate development of the Ridley Island Energy Export Facility (REEF), a large-scale liquefied petroleum gas (LPG) and bulk liquids terminal with marine infrastructure on Ridley Island, British Columbia, Canada.

REEF, as part of the previously submitted regulatory filings (under the name of Vopak Pacific Canada), will have the capability to facilitate the export of LPGs, methanol, and other bulk liquids that are vital for everyday life. REEF has been granted the key Federal and Provincial permits to construct storage tanks, a new dedicated jetty, and rail and other ancillary infrastructure required to operate a state-of-the-art and highly efficient facility. REEF would be developed on a 190-acre (77 hectare) site on lands administered by the Prince Rupert Port Authority for which the joint venture has executed a long-term lease that sits adjacent to AltaGas and Vopak’s existing Ridley Island Propane Export Terminal (RIPET), which has been in operation since April 2019.

Should REEF reach a positive final investment decision (FID), it is planned to be developed and brought online in phases. This approach will provide the most capital efficient build out of the project, match energy export supply with throughput capacity, mitigate the challenges that large development projects can have on local communities, and provide local construction and employment opportunities that would extend over longer time horizons. AltaGas has executed a long-term commercial agreement with the joint venture for 100 percent of the capacity for the first phase of LPG volumes, subject to a positive FID. AltaGas will also be responsible for the construction and operational stewardship of the facility. Future phases of the project will be developed as additional long-term commercial agreements and critical milestones are achieved to deliver the maximum value for all stakeholders.

Vopak, AltaGas, and the Prince Rupert Port Authority have been working closely with First Nations rights holders and key stakeholders, including the local communities in Northwestern British Columbia and the Federal and Provincial regulators, to deliver a project that will operate with industry-leading environmental stewardship and bring the strongest benefits to all parties involved. Key determinations and permits have been received from the Federal Government and an Environmental Assessment Certificate has been received from the British Columbia Provincial Government.

REEF Benefits from Structural West Coast Advantage to Asian Markets

With only ten shipping days to the fastest growing demand markets in Northeast Asia, REEF will be able to efficiently connect Canada’s vital energy products to the world. This includes having an approximate 60 percent base time savings over the US Gulf Coast, which requires a minimum 25-day shipping time to Northeast Asia, and approximately 45 percent base case time savings over the Arabian Gulf, which requires a minimum 18-day shipping time. This geographic advantage expands when there is significant congestion in the Panama Canal or when other global shipping pinch points experience disruptions. Furthermore, the Port of Prince Rupert provides REEF year-round ice-free operations and has the deepest natural harbour in North America, leaving it able to accommodate the world’s largest vessels, which ensures safe and reliable market access and allows AltaGas and Vopak to efficiently connect upstream and downstream markets.

Joint Venture is Targeting Advancement of Critical Workstreams Over 2023

REEF is currently working through front end engineering design (FEED) activities, where deliverables will include a refined capital cost estimate, a project execution plan, a construction schedule, and a projected in-service date, among numerous other items. FEED and other development activities are expected to be completed by late 2023, followed by an FID by the joint venture. Solidifying long-term economic rail agreements in partnership with the rail operator will also be key for the joint venture to be able to reach a positive FID and ensure the project advances, and, in turn, delivers the strong benefits to the joint venture partners, First Nations rights holders, the Prince Rupert Port Authority, local communities, upstream and downstream customers, and other key stakeholders.

Vopak and AltaGas are excited to further evaluate the development of REEF and build on the strong partnership between the two companies, under this new joint venture agreement. Vopak and AltaGas thank all stakeholders for the continued embracement and ongoing partnerships as part of this project. Working with stakeholders and seeking strong partnerships is part of both organization’s individual and collective DNA and is engrained in how Vopak and AltaGas approach their businesses every day.

“We are excited to build on our success with AltaGas in Prince Rupert”, said Dick Richelle, Chairman of the Executive Board and CEO of Royal Vopak. “Our goal is to create together with partners high quality critical infrastructure for vital products. The strategic location of Prince Rupert, with the shortest shipping distances between North America and Asia, has the potential to increase the trade between Canada and the Asia Pacific region. REEF fits very well within Vopak’s strategic pillar to grow in gas and industrial infrastructure. We look forward to further collaboration with First Nations rights holders and key stakeholders to make this project a reality.”

“We are excited to execute this agreement and continue to advance our relationship with Vopak, the Prince Rupert Port Authority, First Nations rights holders, and the local communities surrounding Prince Rupert” said Randy Crawford, President and CEO of AltaGas. “Canada has a structural advantage in delivering LPGs into Asia from its world class resources and through the shortest shipping time and lowest maritime emissions footprint. AltaGas delivers more than 12 percent of Japan’s propane and 12 percent of South Korea’s LPG imports through connecting our valued upstream customers with key downstream markets in Asia. REEF fits our corporate strategy of operating long-life infrastructure assets that connect customers and markets and provide resilient and durable value for our stakeholders. We look forward to working with all our partners to achieving the remaining milestones required to reach a positive FID on the project.”

“We congratulate Royal Vopak and AltaGas on this significant milestone towards advancing development of the terminal project at the Port of Prince Rupert” said Shaun Stevenson, President and CEO, Prince Rupert Port Authority. “Once operational, the new facility will substantially increase and diversify the Port of Prince Rupert’s liquid bulk cargo capabilities and capacity, while providing a much-needed export solution for Canadian producers during a critical time in the global energy transition.”

“We commend Vopak and AltaGas on their efforts to-date on building long-term relationships with our community,” said Chief Harold Leighton, Metlakatla First Nation. “We are excited with the potential this joint venture project provides to our area and the Metlakatla First Nation.”

For more information visit www.vopak.com

Calumet Specialty Products Partners, L.P. have announced that its Montana Renewables subsidiary completed the startup of its Sustainable Aviation Fuel and Pretreatment units. Calumet and its SAF off-taker plan to hold a ribbon cutting ceremony on May 10, 2023 to recognise this important milestone.

“We are pleased to report that our leading Sustainable Aviation Fuel, Renewable Diesel, and Renewable Hydrogen platform is fully complete and operating,” said Bruce Fleming, CEO of Montana Renewables. “As we ramp up our pre-treater and draw down existing safety stock of clean feed, we reconfirm go-forward EBITDA guidance of $1.25 to $1.45 per gallon based on local sourcing of untreated feedstocks.”

On April 19, MRL closed a $75 million bridge loan with I Squared Capital. The bridge loan bears a variable rate of interest at SOFR plus 6.0 to 7.3 percent per annum and we have the flexibility to prepay 50 percent of principal under the bridge loan from free cash flow by the end of 2024. “Our capital markets strategy remains unchanged,” said Fleming. “This transaction provides strategic optionality as we continue to build North America’s largest SAF business.” For further details of this financing, please refer to our Current Report on Form 8-K that will be filed today.

Calumet’s CEO Todd Borgmann added “Following a year in which we’ve demonstrated the power of Calumet’s legacy Specialty business, we can now add the full earnings power of Montana Renewables. Over the past two years, our Montana Renewables team has quickly launched a leading renewables platform and created a first mover advantage in SAF. This major accomplishment is the most recent step in our transformational plan to unlock value for Calumet’s unitholders.”

For more information visit www.calumetspecialty.investorroom.com

The EEMUA Awards 2023 have officially launched.

The Early Years Industry Award recognises the efforts of new starters within the engineering field in EEMUA member companies anywhere in the world, demonstrating their communication skills, engineering application and leadership in their specific specialism. The Award is a great opportunity to celebrate the talent of those starting their careers within engineering, and to give recognition to the organisations that develop these outstanding individuals.

The Stuart Turner Award celebrates an employee of an EEMUA member organisation who has made a significant contribution to EEMUA and the wider industry. Volunteers from across the membership are the nucleus of EEMUA’s activities and output that help improve the safety, environmental and operating performance of industrial assets worldwide.

The deadline for submissions and nominations for the Awards is 8 September 2023. The winners will be announced at the EEMUA Awards Dinner being held in Chester, UK, on 15 November 2023.

Success will be celebrated widely, with the winners displayed on the EEMUA dedicated Awards page and their stories shared with the media, and on social media.

Further information on the Awards and how to enter can be found on the EEMUA website. Potential candidates for the Early Years Industry Award can watch last year’s winner, Megan Backhouse (Project Engineer at BOC UK & Ireland), sharing her experience of the process and the positive impact it has had on her professional development.

For more information visit www.eemua.org/tni/About-EEMUA/EEMUA-Awards.aspx

The President of the Republic of the Congo, Denis Sassou Nguesso, and the Chief Executive Officer of Eni, Claudio Descalzi, have laid the foundation stone of Congo LNG, the country’s first natural gas liquefaction project and one of Eni’s core supply diversification initiatives. The project is expected to reach an overall liquefied natural gas (LNG) production capacity of 3 million tonnes per year (approximately 4.5 billion cubic metres/year) from 2025.

Congo LNG will exploit the huge gas resources of Marine XII, fulfilling the country’s power generation needs while also fuelling LNG exports, supplying new volumes of gas to international markets focusing on Europe.

The project, made though an accelerated development schedule and a zero-flaring approach, will see the installation of two floating natural gas liquefaction plants (FLNG) at the Nenè and Litchendjili fields – already in production – and at the fields yet to be developed. The first FLNG plant, currently under conversion and with a capacity of 0.6 million tonnes per year (MTPA), will begin production in 2023. The second FLNG plant – already under construction – will become operative in 2025 with a capacity of 2.4 MTPA.

Claudio Descalzi, Eni’s Chief Executive Officer, commented: “Today we celebrate the launch of one of Eni’s main projects, made possible by the collaboration with the Republic of the Congo and destined to significantly contribute to both Italy and Europe’s energy security and industrial competitiveness. This outcome speaks to the importance of long-term collaboration with our African partners at a time when important strategic choices need to be made in regards to future diversification of supply routes and European energy mixes, in the direction of energy accessibility and availability and progressive decarbonisation.”

Eni has been operating in Congo for over 50 years and – to date – is the only company active in the development of its gas resources, guaranteeing 70 percent of national electricity production through the Centrale Electrique du Congo (CEC).

Eni is strongly committed to promoting energy transition in the country. Recently, the Oyo Center of Excellence for Renewable Energy and Energy Efficiency was handed over to the Ministry of Higher Education, Scientific Research and Technological Innovation of the Republic of the Congo, which will manage it together with UNIDO (United Nations Industrial Development Organization). Furthermore, the company is developing agri-feedstock production initiatives destined for biorefining and not in competition with the food supply chain.

For more information visit www.eni.com/en-IT/operations/republic-congo-lng.html

Wanner International will announce at CHEMUK that Laxmi Organic Industries, a market leader in the manufacturing of speciality chemicals, has successfully completed a development trial with three Wanner Hydra-Cell flow chemistry pumps to manufacture intermediaries for a number of active pharmaceutical ingredients (API).

The pilot plant will now be upscaled to full production at the company’s Mahad operation in India. Delivering an extremely low pulse flow, the Hydra-Cell pumps will be dosing solvents at a rate of 80-100 litres per hour into the continuous flow reactors at a discharge pressure of 15 bar.

This is important in maximising the efficiency of the process, as it ensures that the concentrations of the various reactants are maintained at an optimum level for consistent manufacture.

The Hydra-Cells have a number of advantages, such as being leak-free, which is especially important when handling highly hazardous chemicals.

The Hydra-Cell pumps also benefit from an advanced mechanical and hydraulic design, with little ancillary equipment required, and high accuracy over a wide flow range.

Wanner’s commitment to research and development, and its strong protection of this IP, has enabled it to evolve its capability and make it ideal for this application. This has wider implications for the whole pharmaceutical industry.

As the pharmaceutical and bio-pharmaceutical industries move from batch to continuous production processing gathers momentum, the Hydra-Cell’s unique technology offers the industry a trusted mechanism for cost-efficiency, consistency and scalability.

The technology team of Laxmi Organic Industries believes, “Manufacturing excellence runs through the DNA of Laxmi and we are constantly looking at ways to improve effectiveness of our production facilities. The Wanner pumps have been very successful in delivering what is needed – in a safe environment, day-in, day-out. As manufacturing chemicals for life sciences demands large scale operations, we are now moving this line into full production.”

Critical for Flow Chemistry and HPLC applications, the Hydra-Cell pumps exceed API 675 performance standards and boasts extremely low pulse flow. This eliminates the need for pulsation dampeners, eliminates pipe strain due to pulsation, delivering an accurate and smooth flow for flow chemistry dosing applications over a large adjustable range of flow rates.

Paul Davis, Wanner International’s Managing Director commented: “The production of modern drugs is a highly complex process, and we want to help customers with their challenges with a process pump that is safe, accurate and reliable in handling difficult and different liquids. We are all faced with changes driven from the need for sustainability and conserving the environment, which forces technology change in equipment design and different use of materials and processes.

“It is a fantastic achievement that Laxmi Organic Industries is improving these processes so quickly, and we are pleased that our pumps have been able to play their part in maximising production output and efficiency.”

Wanner designs and manufactures Hydra-Cell seal-less and packing-free, flow-chemistry, HPLC, transfer, injection, and dosing pumps, helping customers around the world improve their processes by running safe, reliable, and efficient pumping processes whilst lowering energy consumption, servicing and maintenance costs – lowering the total cost of ownership for a more sustainable future.

Wanner will be demonstrating a fully operational Hydra-Cell seal-less and packing-free process pump on stand N46 at CHEMUK (hall 1 of the NEC). Visitors to the stand will see the extremely low pulse MT08 flow chemistry and HPLC pump in action, producing a smooth flow for consistent processes.

For more information visit Hydra-Cell.co.uk/FlowChemistry or www.laxmi.com

Corva and Nabors Industries have announced a strategic technology partnership to provide a first-of-its-kind digital and automation offering to the global drilling industry.

Integrating Corva’s industry leading App Store and Dev Center with Nabors’ SmartROS™ universal drilling rig controls and automation system is expected to deliver solutions that rapidly scale process and machine automation, enhance remote project oversight and streamline data exchange and collaboration across any AC rig fleet.

Today’s Myriad Solutions Limit the Scale and Efficiency of Digital and Automated Rig

Solutions Drilling engineers are inundated with redundant digital solutions and rig control systems to run automated well programs. In addition, clear gaps have emerged in the ability to manage communication between office, cloud and edge solutions. Together, Nabors and Corva seek to simplify the execution of automation on any AC rig. E&P companies can now design custom apps and deploy them across their rig fleet, regardless of the rig provider. In turn, drilling contractors can generate new revenues while bringing added value to their customers and crews.

Nabors’ Digital and Automation Platform is Deployable on Any Rig, Regardless of Manufacturer

SmartROS is the platform for the digitisation and automation of drilling processes. With SmartROS, drilling contractors can deploy advanced automation to elevate their people, performance and customers without an expensive rig upgrade. The system is developed for drillers by drillers and can be scaled easily across fleets, regardless of rig and equipment manufacturer. Current deployments of SmartROS include more than 124 Nabors rigs in the Lower 48, Latin America and the Middle East, as well as 15 non-Nabors rigs.

Nabors’ high performance digital infrastructure platform, RigCLOUD, enables edge computing for remote operations. This provides additional flexibility in deploying advisory automation apps to non-SmartROS enabled rigs.

Bringing Rig Controls to Corva’s Industry Leading App Store

Corva features more than 100 Apps and Dashboards that automate, monitor and optimise drilling processes. This revolutionary suite encompasses a number of cutting-edge applications including Predictive Drilling, a state-of-the-art machine learning technology that enhances rotary drilling performance. Leveraging the power of artificial intelligence, Corva’s Predictive Drilling has provided meticulously designed data visualisations to 27,000 wells, covering a staggering 596 million feet. This advanced technology empowers users to streamline drilling processes and unlock unprecedented levels of efficiency. With this game-changing suite of tools, this partnership is set to transform the drilling industry, positioning itself as a trailblazer in the development and implementation of next-generation drilling technologies.

Combining the Best of Both Worlds – Apps and Universal Rig Controls

Using SmartROS, Corva extends rig control and real-time data pipelines from the wellsite to the E&P company’s back office and mobile devices, enabling customers to drill safer and more effectively. Equipped with Nabors Smart Suite of drilling automation products, RigCLOUD Edge infrastructure, and Corva Apps and Dev Center, this integration empowers onsite and remote users to interact, analyse, and collaborate in powerful new ways.

Overall, this exclusive partnership between Corva and Nabors bridges the gap between Edge and Cloud solutions while improving the return on investment for end-users, with no disruption to current workflows, and creates the best of both worlds’ situation for the office and drillers alike.

Management Comments

Ryan Dawson, founder, and CEO of Corva, said: “Through this partnership, Corva and Nabors are creating a unified solution that addresses current industry gaps, touching everyone involved in drilling a well and elevating their experience on the rig or in the office. This collaboration is aimed at providing our customers a new world of possibilities for drilling automation and team communication by pairing best-in-class rig control systems and data pipelines with Corva’s App Store, advanced machine learning and physics-based models, and industry-leading user experience.”

Subodh Saxena, Senior Vice President of Nabors Drilling Solutions, said: “Integrating our universal rig controls and automation system with Corva’s App Store provides the industry a one-stop shop for deploying automation across rig fleets. This creates an unparalleled ecosystem of digital and automation solutions that delivers consistent and repeatable results during the well construction process. In addition, both E&P companies and drilling contractors can standardise on a technology stack that is capital light and empowers them to raise the performance outcomes to the next level across multiple rigs.”

For more information visit www.nabors.com

Exolum has commissioned two new photovoltaic projects for its own energy consumption which will enable the company to reduce its emissions and energy costs.

One of these photovoltaic facilities has been built in Exolum’s plant located in Algeciras. The project consists of three phases and, once completed, it will produce useful power for self-consumption of over 220 MWh, thus ensuring the supply of 100 percent renewable energy equivalent to approximately 14 percent of the total power consumed at the facility. Electricity consumption is the main source of the company’s emissions and energy supply from this new renewable solar energy plant will prevent the release of approximately 27 tonnes of CO2 into the atmosphere every year. The final phase for the construction of the photovoltaic project in Algeciras is expected to be completed during the last quarter of 2023.

Exolum is also carrying out the extension of its photovoltaic plant in Barcelona, which will have a final power for self-consumption of 96.63 MWh. The project covers an area of 186 square metres and will prevent the emission of over 13 tonnes of CO2.

Both projects are part of the actions carried out within the reference framework of Good Environmental Practices at Algeciras and Barcelona Ports.

Likewise, the construction of a new photovoltaic plant for self-consumption is planned at its facility in Huelva, in addition to two new solar plants at its facilities in Poblete and Arahal. These projects will make it possible to produce approximately 10 percent of the company’s total energy consumption in Spain with solar energy.

Exolum’s commitment to decarbonisation

The construction and operation of clean energy producing plants is part of Exolum’s sustainability strategy aimed at becoming a zero-emissions company by 2040, in line with the Paris Agreement of December 2015 (COP 21) and the Sustainable Development Goals (SDG).

In this regard, these two new projects represent the reinforcement of the network of solar energy self-consumption plants owned by Exolum. The company also analyses alternatives to continue reducing its emissions, such as the incorporation of new technological developments, the signing of renewable PPAs and the diversification of energy supply sources ensuring they are emission-free.

As part of its commitment to sustainability, the company has invested over 32 million euros in environmental projects in Spain over the last three years, particularly focusing on reducing CO2 emissions and ensuring equipment and facility integrity, as well as the efficiency of its operations to improve environmental protection.

Aiming at strengthening its commitment to renewable energies and the energy transition, reducing emissions and promoting clean and sustainable operations, Exolum is implementing initiatives for the development of eco-fuels, green hydrogen and the circular economy.

For more information visit www.exolum.com/en/

OCI Global, a global leader in ammonia, fertilisers and methanol for transportation and agriculture and Petrofac, an international service provider to the energy industry, announced their partnership to deliver OCI’s programme of gasification-based green methanol projects. The programme will support the production of low-carbon feedstock for OCI’s existing methanol facilities.

OCI will work together with Petrofac, on an exclusive basis, on the design of a standardised gasification process and modular design for the delivery of new waste-fed facilities. Petrofac will deploy its engineering, procurement, and project management expertise to provide continued support to OCI for the delivery of the programme.

Bashir Lebada, CEO OCI Methanol/HyFuels:

“We are delighted to be partnering with Petrofac in the design and delivery of our green methanol ambitions. This is another important step in scaling green methanol and hydrogen technologies and increasing our supply base to service the rapidly increasing demand we see from marine and road fuels. Our partnership with Petrofac will allow us to accelerate delivery of these important green transportation fuels.”

John Pearson, Chief Operating Officer, for Petrofac’s New Energy Services business:

“Petrofac is proud to be partnering with OCI to support it in its green methanol production programme. Both our organisations are committed to making the energy transition a reality and we look forward to leveraging our engineering and technical capabilities, alongside our project delivery experience to support this exciting project. Our initial focus will be on fast-tracking the engineering to support OCI’s ambitious programme goals”.

For more information visit www.petrofac.com

Royal Vopak announces the signing of Note Purchase Agreements for a debt issuance in the US Private Placement (USPP) market for a total amount of USD 225 million and EUR 193 million. Funding will take place mid June this year and is subject to customary closing conditions.

This Senior Notes Program consists of various EUR and USD tranches with maturities ranging from 5 to 10 years. For the USD denominated Notes of 225 million the weighted average fixed annual interest rate is 5.14 percent. For the EUR denominated Notes of 193 million the weighted average fixed annual interest rate is 4.65 percent.

The proceeds of this USPP will be mainly used to repay outstanding and/or maturing debt in 2023. The programme will further align the well spread debt maturity profile of Vopak’s outstanding debt, and will provide maximum flexibility under the current EUR 1 billion Revolving Credit Facility.

Michiel Gilsing, Chief Financial Officer of Vopak: “This successful signing of the debt issuance confirms Vopak’s ongoing access to relevant capital markets. This debt issuance will further strengthen our balance sheet and support our capital structure to continue to invest in growth opportunities for Vopak in line with our strategy.”

This announcement does not constitute an offer of any securities for sale in the United States or any other jurisdiction. The securities mentioned herein have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

For more information visit www.vopak.com

Air Liquide will be a key supporting partner for two projects that advance the planning and infrastructure necessary for the deployment of hydrogen mobility along sustainable fuelling corridors across the country. Air Liquide will support both the “Houston to Los Angeles (H2LA) – I-10 Hydrogen Corridor Project” led by GTI Energy, and the “East Coast Commercial ZEV Corridor” led by CALSTART. These projects will receive support from the US Department of Energy through the agency’s Innovative Medium- and Heavy-Duty EV Charging and Hydrogen Regional Fuelling Corridor Infrastructure Plan initiative, which will accelerate the creation of zero-emission vehicle corridors that expand the nation’s zero-emission fuelling infrastructure for medium- and heavy-duty vehicles.

The establishment of sustainable fuelling corridors will help advance the deployment and adoption of sustainably fuelled vehicles, like hydrogen fuel cell electric vehicles. As regional hydrogen development is underway and will expand rapidly through programmes like the DOE’s Hydrogen Hubs initiative, hydrogen corridors will serve as a means to connect these regional basins and unite the country from coast to coast with the benefits of sustainable mobility.

Katie Ellet, President, Hydrogen Energy & Mobility North America, said, “Air Liquide is proud to continue its support of the US Department of Energy through its contributions to the H2LA Hydrogen Corridor Project and the East Coast Commercial ZEV Corridor. These initiatives are clear examples of how the private sector, with supportive government policies, can drive the transformation of the mobility market to one that is more sustainable, and advance the overall transition to a clean energy economy with hydrogen at its core.”

With 60 years of experience leading the global hydrogen market, Air Liquide has mastered the entire hydrogen value chain and will lend to the projects its expertise in hydrogen transportation and logistics. With an extensive hydrogen pipeline in the Gulf Coast, and one of the country’s top-25 largest fleets, Air Liquide is able to distribute both gaseous and liquid hydrogen to customers across the US This capability is critical to ensuring future hydrogen transportation corridors are reliable, efficient and sustainable.

For more information visit www.usa.airliquide.com

Keppel Infrastructure and ExxonMobil Asia Pacific have announced the signing of a Memorandum of Understanding (MOU) to develop access to low-carbon hydrogen and ammonia for scalable commercial and industrial applications in Singapore.

In addition to being a hydrogen carrier and storage medium, ammonia can be used directly as a carbon-free fuel or broken down into carbon-free hydrogen for use in power generation, as well as feedstock for refinery and petrochemical operations.

This MOU follows the Singapore government’s launch of its National Hydrogen Strategy in October 2022, which expects hydrogen to meet up to half of Singapore’s power needs by 2050. As part of this hydrogen strategy, the Energy Market Authority and the Maritime and Port Authority of Singapore issued an expression of interest in December for proposals to build, own and operate low- or zero-carbon power generation and bunkering facilities on Jurong Island.

Currently, natural gas meets most of Singapore’s power generation demand. The Keppel- ExxonMobil collaboration has been formed to address the call to develop competitive solutions that can support Jurong Island’s sustainability goals and Singapore’s hydrogen strategy.

Keppel is also looking to use low-carbon hydrogen for Singapore’s first hydrogen-ready 600 MW advanced combined cycle power plant. The Keppel Sakra Cogen Plant is expected to operate with at least 30 percent hydrogen and will have the capability of shifting to run entirely on hydrogen. Currently under construction, the plant will be sited on Jurong Island and is expected to be completed in the first half of 2026.

At the same time, given the strong demand for low-carbon electricity in Singapore, Keppel is conducting a feasibility study of developing a power plant that could use ammonia directly as a fuel on Jurong Island. This would complement Keppel’s offering as Singapore’s leading independent power producer and retailer.

ExxonMobil is advancing its world-scale low-carbon hydrogen facility at its integrated complex in Baytown, Texas, from where ammonia will be produced. The low-carbon hydrogen, ammonia and carbon capture facility is expected to produce 1 billion cubic feet of low-carbon hydrogen per day, making it the largest low-carbon hydrogen project in the world at planned startup in 2027-2028.

More than 98 percent of the associated CO2 produced by the facility, or around 7 million metric tonnes per year, is expected to be captured and permanently stored.

Cindy Lim, CEO of Keppel Infrastructure, said, “Deep decarbonisation of power generation and major industries is a key impetus for countries seeking pathways to net zero emissions. Globally, clean hydrogen is one of the most effective decarbonisation strategies, especially for hard-to-abate sectors, like maritime and petrochemical. As a forerunner in the energy space, Keppel is pleased to work with ExxonMobil to accelerate the end-to-end development and deployment of ammonia to support industries and Singapore’s sustainability goals.”

ExxonMobil’s Asia Pacific President for Low Carbon Solutions, Irtiza Sayyed, said: “ExxonMobil is pleased to work with Keppel to evaluate low-carbon solutions as part of our goal to reduce our emissions and help others reduce theirs. This is an example of how we can provide critical, scalable solutions to reduce CO2 emissions in support of our company’s and Singapore’s net-zero ambitions.”

For more information visit www.kepcorp.com/en/

NISTM are pleased to announce that their 25th Annual International Aboveground Storage Tank Conference & Trade Show held in Orlando, Florida last week was a resounding success!

The event brought together industry experts, manufacturers, and suppliers to share insights, trends, and best practices. It was an opportunity for attendees to network and learn about the latest products and services in the aboveground storage tank industry.

NISTM would like to thank everyone who attended and contributed to making the event a success. Your participation made this conference one of the most informative and engaging events of the year.

To keep the momentum going, we would like to invite you to join us at our upcoming show, the 16th Annual National Aboveground Storage Tank Conference & Trade Show, which will be held in The Woodlands, Texas from December 5-7, 2023.

• The registration for exhibit booths is now open, and we encourage you to reserve your spot early.
• To learn more about the show in Texas, please fill out the inquiry form.

For those who are unable to attend the show in Texas, NISTM invites you to mark your calendars for their next event in Orlando, Florida, from April 3-5, 2024.

NISTM will be hosting our 26th Annual International Aboveground Storage Tank Conference & Trade Show, and we look forward to seeing you there.

Once again, the team from NISTM would like to thank you for your continued support, and they hope to see you at their upcoming events.

For more information visit www.nistm.org

Orbital Sidekick, the global leader in space-based hyperspectral intelligence, have announced the successful launch of GHOSt 1 and 2, the first satellites in its planned GHOSt(™) (Global Hyperspectral Observation Satellite) constellation, aboard the Transporter 7 rideshare mission on a SpaceX Falcon 9 rocket. OSK will deploy four more satellites this year aboard the Transporter 8 and Transporter 9 rideshare missions to complete the company’s initial constellation. By year-end, GHOSt will consist of six equivalent hyperspectral imaging microsatellites, each featuring a proprietary hyperspectral imager unique to OSK.

Now in orbit, these first two GHOSt satellites will offer unmatched global monitoring capacity, capturing nearly 500 bands of light across the electromagnetic spectrum with 20x greater sensitivity than traditional monitoring. The payload will produce the highest resolution commercial hyperspectral imagery ever in orbit, with a ground sampling distance of eight meters. This advanced imaging capability will support OSK’s Spectral Intelligence Global Monitoring Application (SIGMA™) platform, which provides access to OSK’s data archive, analytics engine, and intelligent satellite tasking system for commercial and inherently governmental applications.

“From day one, OSK’s strategy has been about commercialising the highest resolution hyperspectral imagery and intelligence available,” said Dan Katz, CEO, Orbital Sidekick. “The successful launch of our first two GHOSt constellation satellites signifies our team’s ability to execute on this vision, while scaling our commercial product and establishing our leadership position in the market.”

OSK’s current customers include major energy companies Williams, ONEOK, Energy Transfer, and Colonial Pipeline Co. (CPC). The company is also a partner of the intelligent Pipeline Integrity Program (iPIPE) which supports emerging technologies for improved pipeline integrity and leak detection. Further, OSK will advance its mineral exploration efforts, leveraging its advanced hyperspectral sensor and analytics to support sustainable operations in the industry. The launch of GHOSt is enabling frequent monitoring of global oil and gas pipeline assets, and mineral exploration initiatives, through its SIGMA(™) intelligence platform and will enhance the industry’s ability to meet and exceed compliance and regulatory obligations while supporting environmental sustainability pursuits and a low carbon future.

In addition to the energy and mining sectors, the company has secured government contracts to supply hyperspectral data to the United States Department of Defense through its partnerships with In-Q-Tel, the Air Force, and Space Force. In March, the National Reconnaissance Office (NRO) selected OSK for its latest focus area study of commercial space-based hyperspectral imaging (HSI) capabilities under the agency’s Strategic Commercial Enhancements (SCE) Broad Agency Announcement (BAA), further strengthening OSK’s relationship with the defense and intelligence communities.

“It’s gratifying to see our goal of commercialising this cutting-edge technology come to fruition,” said Tushar Prabhakar, COO, Orbital Sidekick. “The GHOSt constellation will now offer unparalleled insights into critical infrastructure and areas of the planet, enabling us to reach new heights in supporting sustainability and safety efforts, anywhere in the world.”

GHOSt builds on the constellation’s satellite precursors, named Aurora and HEIST, which launched in June 2021 and September 2018 respectively. These space-based technology demonstrator sensors established the company’s capability to operate in space while providing enhanced data sets for commercial, government, and scientific entities.

Today, OSK’s market-leading sensing capabilities will enable its customers in the energy, government and defense, extraction, infrastructure, agriculture, and forestry industries to make vital decisions with expansive coverage, rapid revisit times, leading-edge spatial resolution, and greater spectral capability than any competing service.

For more information visit www.orbitalsidekick.com

Over the last couple of years Precise have seen a wide variation in their core customer base. What was generally a “big boy” game when it came to class one/div one robotics for the industrial cleaning industry, has reinvented itself to include the daily maintenance cleaning taking place on smaller scales at all sizes of plants and production facilities.

The new compact high pressure robotics and mini control systems designed for smaller vessels and tanks, have quickly became an entry level tool for day to day use. Vessels, more standard sized tanks, rail cars and any variation of these are being cleaned much more quickly while omitting any confined space exposure to employees, and all in an explosion proof environment.

These new tools are much easier to handle and are designed for quick in and out jobs with a minimal amount of set up and tear down. Specifically designed for day to day use verses large projects requiring more complicated and expensive spreads. This new line of robotics is tailored to the vacuum truck companies and maintenance companies which see this type of work almost daily.

As this area of the market has grown, the need for other complimentary tools in the robotic tool chest has also began to grow. As example, the MANUAL class one/div one explosion proof cameras which are now available. A variation of the class one/div one explosion proof robotic camera currently being utilised on large diameter tanks and plant turn arounds, the manual camera was designed for a quick initial look and a last look prior to a quick wrap up at the job site.

For more information visit www.precisetools.ca

GMA Garnet Group and Barton International have entered into a supply and distribution agreement for supply of GMA’s line of GMAX products to surface preparation applications in the Gulf Coast region of the United States. This distribution agreement increases the availability of GMAX, some of the most productive, cost effective, and safest blast abrasives ever produced.

This distribution agreement between these two companies will provide additional avenues for contractors, asset owners, and surface preparation professionals to source GMAX for their abrasive blasting requirements. Experts and application specialists from both organisations will be available to support the efficient, effective, and safe use of these products.

GMAX products to be distributed by Barton will be produced in GMA’s world-class US processing facilities, to the exacting standards of both organisations. As provided under the distribution agreement, the packaging of these products will proudly carry the logos for both companies and will be available through the Barton warehouse and dealer network. This aspect of the distribution agreement will provide for the sale and distribution of these products in the Gulf Coast region.

“With demand for productive, safe, and cost-effective blast abrasives increasing by the day, ensuring the availability of GMA’s innovative GMAX abrasives is more important than ever,” said Rod Liebeck, president of GMA Americas.

“Having Barton International as part of our distribution network, with their knowledge and experience, will bring great value to blasting operations in the US Gulf Coast region.”

“For decades, Barton has led the efforts to expand the use of garnet in surface preparation applications,” said Randy Rapple, president and CEO of Barton International.

“The distribution agreement with GMA enables us to bring more high quality, safe to use garnet blast media to clients throughout the Gulf region.”

In recent years the surface preparation industry has been searching for more productive, cost effective and safer abrasives. Products such as waste slags have been popular for decades, but concerns over poor surface cleanliness, high consumption rates, and serious health and safety issues have caused the industry to seek alternatives. The GMAX line of garnet abrasives are an engineered blend of garnets that address those issues while providing increased productivity and lower total project costs.

For more information visit www.gmagarnet.com

Vortexa has announced that Communitas Capital, took a stake in Vortexa – the leading real-time energy analytics company.

The partnership with Vortexa is combined with the firepower of Communitas Capital founders; Tom Glocer, Lead Board Director at Morgan Stanley and former CEO at Thomson Reuters alongside other industry heavyweights; Duncan Niederauer, the former CEO of NYSE and Partner at Goldman Sachs and Doug Atkin, the former CEO Instinet.

While CEO at Thomson Reuters, Tom oversaw one of the largest news and information organizations in the world, including its financial terminal business before it became Refinitiv as part of the spin off transaction led by a Blackstone consortium in 2018 and later sold to London Stock Exchange in an all-share transaction valued at $27 billion.

In Tom Glocer’s words, “The traditional financial information networks were primarily based on the aggregation and distribution of market data. Vortexa is the first information platform of its kind using advanced AI to create a real-time fundamental view of the multi-trillion-dollar energy market. The speed in which Vortexa is attracting and working with the top energy traders in the market is a clear indication of something immensely
valuable in the making.”

Fabio Kuhn, CEO of Vortexa: “Tom is a true legend in the financial information and news industry. In the game of basketball, our partnership would be the equivalent to having Michael Jordan joining the team – and I could not be more excited about the game plan we will build together.”

For more information visit www.vortexa.com