Cimarron, Inc., a global leader in emissions management and vapour recovery technology, and Bell Supply Company, LLC, a premier distributor of pipe, valves, fittings and MRO solutions to the energy sector, have announced a strategic partnership that significantly expands access to high-performance Vapour Recovery Units (VRUs) for operators across West Texas, New Mexico, South Texas and Oklahoma.

Under the agreement, Bell Supply will exclusively own, rent and manage a rapidly expanding fleet of next-generation VRUs designed and manufactured by Cimarron’s HY-BON division. Cimarron will continue to provide field service and maintenance, alongside its industry-leading remote monitoring platform, which incorporates advanced real-time data analytics, machine learning and predictive failure capabilities.

The partnership brings together Bell Supply’s extensive commercial reach, logistics infrastructure and established customer relationships with Cimarron’s deep engineering expertise and VRU performance records exceeding 98 percent mechanical availability. The result is a scalable offering that delivers both technical excellence and commercial simplicity for operators.

As part of the collaboration, operators will benefit from immediate access to an expanded rental fleet of purpose-built VRUs engineered for both low- and high-discharge-pressure applications commonly found in the Delaware and Midland Basins. Customers will also retain seamless continuity with Cimarron’s trained service technicians and 24/7 remote monitoring, supported by advanced predictive analytics designed to identify mechanical issues before they occur, thereby reducing downtime and unplanned emissions. Additional benefits include simplified contracting through existing MSAs already in place with Bell Supply and a single-source solution that combines premium equipment, proven field service and flexible commercial terms.

Jeff Foster, Chief Executive Officer of Cimarron, said the partnership would significantly accelerate the deployment of reliable and technologically advanced rental VRUs. He noted that the collaboration enables Cimarron to focus on engineering innovation and service delivery, while Bell Supply provides rapid deployment and commercial flexibility for customers.

Bruno Cheron, Chief Executive Officer of Bell Supply, said the addition of Cimarron-built VRUs represents a major enhancement to Bell Supply’s emissions-control rental portfolio. He added that customers will benefit from single-source access to premium equipment supported by Cimarron’s established service standards, delivered through Bell Supply’s flexible rental structures and existing billing relationships.

New VRUs currently in production at Cimarron’s manufacturing facilities feature enhanced discharge-pressure capabilities and integrated machine-learning algorithms capable of predicting component failures weeks in advance. The initial units are scheduled to be available for rental through Bell Supply from December 2025, with continued fleet expansion planned throughout 2026.

For more information visit www.cimarron.com

A new set of Principles of Workplace Health & Wellbeing Leadership has been launched, providing a clear, actionable framework designed to advance employee health and wellbeing through engaged and positive leadership, active workforce participation and collaborative practices.

Cross-Industry Collaboration

The Principles of Workplace Health & Wellbeing Leadership were developed by the Workplace Health & Wellbeing Leadership Working Group, which was established following the Health and Safety Executive’s Prevention 2024 Summit to foster collaboration in the promotion of positive wellbeing at work. The Working Group brought together the Health and Safety Executive and representatives from across the major hazard industry, including the Chemical Business Association, Chemical Industries Association, GMB Union, Grain LNG, National Gas, the Tank Storage Association, Unite the Union and Yorkshire Water.

The launch of the principles reflects a shared commitment to workforce wellbeing and a joint resolve to support cross-industry collaboration through the sharing of best practice and key learnings to drive continuous improvement.

Industry Leadership

Ken Rivers, non-executive board member for The Health and Safety Executive, said: “These Principles of Workplace Health and Wellbeing Leadership represent a significant step forward in how we approach occupational health across the major hazard industries. By bringing together regulators, industry leaders and trade unions, we have created a framework that builds on the sector’s proven track record in process safety leadership. I am pleased to have contributed to this collaborative effort, which I believe will help businesses protect their most valuable asset; their people.”

Stephen Elliott, chief executive of the Chemical Industries Association, said: “The future of our industry is built on people – their energy, creativity, and resilience. These Workplace Health & Wellbeing Principles are a call to action in shaping workplaces where every individual can flourish. By embracing wellbeing as a shared commitment, we unlock potential, spark innovation, and create a culture that inspires pride and purpose. Together, we can lead the way in setting a new standard – one where thriving people drive thriving businesses.”

Peter Davidson, CEO of the Tank Storage Association, said: “The Tank Storage Association has played an active role in the Working Group since its inception. These principles reflect our firm commitment to workforce wellbeing and cross-industry collaboration. I am proud to support this important initiative on behalf of the bulk storage and energy infrastructure sector.”

For more information visit www.tankstorage.org.uk

Leading waste management specialist CSG is now able to offer certified storage tank inspections for the first time, following investment in advanced drone technology and the qualification of an in-house specialist.

Sam Richards, who has been with CSG for five years, has successfully qualified as an EEMUA 159 Storage Tank Assessor. The achievement marks a significant milestone for the company, enabling it to deliver a complete inspection service internally.

CSG’s confined space team already has extensive experience in the cleaning, inspection, tankering, waste treatment, and management of storage tanks. For several years, the business worked alongside independent assessor Steve Scott, who reviewed inspection findings and produced formal reports. With Scott preparing for retirement, Richards undertook the EEMUA training programme and passed the examinations with distinction.

Richards explained that the company has an eight-strong confined space team and has steadily expanded its storage tank inspection services. Until now, CSG subcontracted the formal inspection and reporting process, but bringing this expertise in-house allows the company to provide a fully integrated service.

He also acknowledged the mentoring he received over the years, noting that working alongside Scott and examining numerous tanks provided an invaluable foundation. The qualification represents an important step forward for CSG, with plans already in place to further develop and grow the inspection team.

CSG’s inspections focus on the overall condition of storage tanks, ensuring that stored products have not caused damage and identifying any corrosion or structural concerns. The team conducts tests to confirm compliance with UK and international safety and environmental standards, while also providing guidance on risk-based maintenance and projected asset lifespan.

To enhance safety and efficiency, CSG invested £100,000 last year in a high-tech inspection drone. The technology has transformed the inspection process, significantly reducing time, cost, and risk.

Previously, scaffolding could take up to a week to erect around a tank to allow access. With the drone, inspections can begin almost immediately. CSG has worked on tanks up to 90 metres in diameter holding tens of thousands of tonnes of crude oil, where traditional inspection methods could incur substantial setup costs. The drone eliminates much of this expense, making inspections more cost-effective for clients.

In addition to improved efficiency, the drone enhances safety by removing the need for personnel to enter confined or hazardous environments. Equipped with LIDAR sensors and high-definition cameras, the drone creates highly accurate three-dimensional images that measure metal thickness and assess both internal and external tank conditions.

Alongside private inspections for clients, Richards and the team are also conducting assessments across CSG’s own nationwide sites to ensure ongoing compliance and safety.

Storage tanks generally require inspection every three to five years, making regular monitoring essential to maintaining operational integrity and meeting regulatory requirements.

For more information visit www.csg.co.uk

MB Energy hosted Jens Meier, CEO of Hamburg Port Authority (HPA) Anstalt öffentlichen Rechts, for a visit to Gulf Coast Ammonia (GCA) in Texas City, USA. Together with Volker Ebeling, senior vice president new energy, supply & Infrastructure at MB Energy, Meier toured GCA’s ammonia production, storage and adjacent port facilities.

World-Class Production Facility

GCA is home to the world’s largest single-train ammonia synthesis plant. This state-of-the-art facility is scheduled to commence regular operations this year, with a nameplate capacity of approximately 1.3 million tonnes of ammonia annually, produced from hydrogen and nitrogen feedstock.

With storage capacity of around 70,000 tonnes and a dedicated deep-water export dock at the terminal of Advario, the site provides direct access to global ammonia markets.

Strategic Partnership

MB Energy is an owner and operating partner of this landmark project and will also market a significant part of GCA’s production, driving innovation on both sides of the Atlantic.

For more information visit www.mbenergy.com

Bureau Veritas has been named an Accredited Consulting Partner by EcoVadis, the global standard for resilient and sustainable supply chains. The designation recognises organisations formally equipped to support businesses in completing sustainability assessments, reviewing performance scores, and strengthening practices across environment, labour and human rights, ethics, and sustainable procurement.

Accredited Consulting Partners are carefully selected based on their expertise and experience, and are required to complete rigorous training on EcoVadis’ methodology and assessment processes through the EcoVadis Academy. Partners must also demonstrate a strong understanding of local environmental, ethical and human rights regulations, as well as complete the EcoVadis assessment for their own operations.

Marc Roussel, executive vice president, Urbanisation and Assurance at Bureau Veritas, commented, “Becoming an EcoVadis Accredited Consulting Partner reinforces our commitment to enabling businesses to build resilient and responsible supply chains. Bureau Veritas has a long-standing legacy of helping companies ensure integrity and resilience across global supply chains. Our partnership with EcoVadis further strengthens our ability to guide organisations toward sustainable transformation, helping clients not only meet compliance requirements but also embed sustainability into their procurement strategies and operational frameworks.”

Through its Accredited Consulting Partner status, Bureau Veritas now provides comprehensive support for supply chain sustainability, including guidance on EcoVadis assessment completion and compliance readiness, post-assessment performance reviews and strategic improvement planning, programme launch and supplier network engagement, and advanced value chain performance initiatives focused on responsible sourcing, traceability, and resilience.

Building on its extensive experience in sustainability transitions, Bureau Veritas integrates compliance, risk management and transformation strategies to help organisations embed sustainability across their operations and supply chains. This holistic approach includes diagnostics, advisory services, performance monitoring, and certification, with a strong focus on responsible sourcing, social audits, traceability, and resilience, enabling businesses to meet global standards, enhance transparency, and deliver measurable impact.

For more information visit www.group.bureauveritas.com

Exolum has obtained the “Top Employer 2026” certification for the third consecutive year. This distinction recognises the company’s human resources policies and its efforts to provide a stable working environment that creates opportunities for its professionals to develop their potential. With this achievement, the company joins a global community of nearly 2,500 organisations that stand out for their people management practices and for contributing to improving the world of work.

Rigorous Certification Process

To achieve this certification, the company completed a six-phase audit process under the HR Best methodology, carried out by the Top Employers Institute. The analysis evaluated 22 categories, including people strategy, work environment, equity, talent acquisition and learning programmes. After comparing its results with international standards, the organisation has validated Exolum’s position as a benchmark employer for 2026 in Spain.

Commitment to People

Cristina Jaraba, global people lead at Exolum, said: “Receiving the Top Employer 2026 recognition once again is a source of pride and an endorsement of our people management model. This result confirms our commitment to a corporate culture based on equality and diversity, where work-life balance and staff growth are priorities. At Exolum, we work to guarantee stable, quality employment, as well as caring for the physical, social and emotional well-being of our team.”

For more information visit www.exolum.com

LBC Tank Terminals (LBC), Associated British Ports (ABP) and North Sea Port have signed a Memorandum of Understanding (MOU) to develop a Carbon Capture and Storage (CCS) terminal and shipping corridor connecting Northwest Europe with the UK. This will enable captured CO2 from industrial regions to be transported to secure storage, representing a vital step toward decarbonising energy generation and heavy industry while creating a new cross-border market for CO2.

Partnering to scale CO2 solutions

The MOU sets the stage for a collaborative effort to develop shipping routes for captured CO2, enabling hard-to-abate sectors to cut emissions while positioning storage terminals and ports as key players in the green economy.

Image: Supplied LBC

LBC provides operational expertise and infrastructure for temporary storage and shipment of captured CO2, while ABP contributes UK storage capacity through its planned CCS terminal at the Port of Immingham, linked to the Viking CCS cluster. North Sea Port, comprising a wide variety of industries looking into different decarbonisation routes, actively supports CCS projects through its strategic location and network. Together, the partners aim to deliver scalable solutions that accelerate the energy transition and will focus their collaboration on:

• Designing port infrastructure for CO2 handling, storage and shipping
• Building a robust value chain for CO2 transport between ABP’s Humber ports and North Sea Port
• Driving innovation and efficiencies in Carbon Capture, Utilization, and Storage (CCUS) related transportation

Henrik Pedersen, chief executive officer of ABP, says:

“Ports have always been gateways for energy. Today, they are at the forefront of the energy transition. This agreement is about building the infrastructure and partnerships needed to decarbonise industry and create new opportunities for sustainable growth. It paves the way for the UK to utilise its world-leading geological assets to provide near-term options for emissions reductions across Europe and realise significant export potential for the UK. This is not just about reducing emissions – it’s about creating a new market for carbon shipping that will help Europe meet its climate goals and secure industrial competitiveness at pace.”

The North Sea offers significant geological capacity for permanent CO2 storage, and shipping provides flexibility in connecting emitters to those sites. Studies, including recent analysis by the Carbon Capture and Storage Association (CCSA), indicate that a pan-European CO2 market, including the UK, could reduce overall costs through scale and proximity of storage locations. By linking inland industrial regions, terminals, and offshore storage, the partners see this MOU as a step toward the practical implementation of cross-border carbon transport solutions that support both European and UK climate objectives.

Cas König, chief executive officer of North Sea Port, says:

“Our sustainability ambition is clear: a net zero port by 2050. To this end, we are creating connecting infrastructure with our partners. Carbon shipping is an essential additional and flexible link in the chain of industrial decarbonisation. By signing this MoU with ABP and LBC, we are taking a practical step to investigate a cross‑border CO2 corridor that connects emitters to certified storage in the North Sea. Leveraging our shared port infrastructure and maritime expertise, we aim to cut costs, accelerate deployment, and ensure the energy transition strengthens—not weakens—Europe’s industrial competitiveness.”

Connecting the CO2 value chain

“Signing this MoU is about moving from vision to tangible progress. By combining LBC’s operational expertise in safe and sustainable storage with the port capabilities of ABP and North Sea Port, we can design an efficient, scalable shipping corridor that connects European emitters to UK storage at pace, supporting a competitive, cross‑border CO2 market,” says Radboud Godron, group business development director New Energies at LBC Tank Terminals.

LBC’s terminal in Vlissingen is positioned as a central hub in this network. With direct access to the North Sea and strong connectivity to industrial regions across Northwest Europe, the terminal is optimally positioned for storage and onward shipment of captured CO2.

Expanding our footprint and reinforcing our role as a key infrastructure provider for new energy and low-carbon value chains, LBC recently signed an MOU with duisport to jointly develop an inland ammonia and CO2 terminal in Duisburg, developing a direct strategic link between the Ruhr area and Vlissingen in North Sea Port.

Together, the Duisburg–Vlissingen axis and the proposed UK shipping route position LBC as a connecting partner in safely and efficiently linking captured emissions from industrial regions to certified offshore storage locations.

For more information visit www.lbctt.com

Stolthaven Terminals has strengthened its sustainability performance and successfully retained its EcoVadis Gold Medal for another consecutive year, reaffirming its position among the top performers in the global warehousing and storage sector. The achievement places the company in the top 2 percent of all organisations assessed by EcoVadis worldwide.

The comprehensive assessment, which evaluates all wholly owned Stolthaven Terminals sites globally, highlights year-on-year improvements across key environmental, social and governance (ESG) criteria. The enhanced score reflects the company’s continued focus on responsible operations, transparent governance, and meaningful progress in sustainability initiatives across its terminal network.

Commenting on the achievement, Stolthaven Terminals president Guy Bessant said: “We are proud to retain our Gold rating for another year. With more than 75,000 companies evaluated across over 200 industries, maintaining Gold status while further improving our score demonstrates our strong and ongoing commitment to responsible and sustainable business practices.”

The latest EcoVadis result underscores Stolthaven Terminals’ long-term approach to sustainability and its dedication to embedding ESG principles across all aspects of its operations.

For more information visit www.stolt-nielsen.com

Santos delivered a robust performance in 2025, underpinned by strong base business results, disciplined capital management and continued progress across major growth projects. The company generated free cash flow from operations of approximately $380 million in the fourth quarter, an increase of 30 percent on the prior quarter, lifting full year free cash flow to around $1.8 billion. The free cash flow breakeven price for the year was below $30 per barrel, reflecting Santos’ low-cost operating model.

Production remained resilient despite challenging operating conditions, with fourth quarter production of 22.3 million barrels of oil equivalent, up five percent quarter on quarter. Full year production reached 87.7 million barrels of oil equivalent. Sales volumes increased to 24.8 million barrels of oil equivalent in the fourth quarter, up 15 percent on the prior quarter, with full year sales volumes of 93.5 million barrels of oil equivalent. Sales revenue exceeded $1.2 billion in the fourth quarter and more than $4.9 billion for the full year. Unit production costs for the year remained below $7 per barrel of oil equivalent, excluding Bayu Undan, and within guidance. Gearing reduced to 26.8 percent, or 21.5 percent excluding operating leases.

A major milestone was achieved at Barossa LNG, with the first LNG cargo now loading at Darwin LNG. The BW Opal FPSO continued start-up and commissioning activities, ramping up gas export volumes to approximately 450 million standard cubic feet per day, around 75 percent of plant capacity. The six-well drilling programme in the Barossa gas field was successfully completed, with all wells intersecting excellent reservoir quality and average individual well deliverability of approximately 300 million standard cubic feet per day. LNG production commenced following completion of the Darwin LNG life extension project, and the first cargo has been sold on a delivered ex-ship basis for delivery to the Sakai terminal in Japan.

At Pikka Phase 1, the project reached 98 percent completion and is nearing mechanical completion, with commissioning progressing. Twenty-four wells were drilled and completed by the end of the fourth quarter, including the 23rd well which achieved the highest productivity to date, producing approximately 8,000 barrels per day. While capital expenditure for Phase 1 increased by around $200 million Santos share due to inflationary pressures, tariffs and logistics costs, the project remains on track for first oil late in the first quarter of 2026, with ramp-up to plateau expected mid-year.

Operational performance across the portfolio remained strong. In Papua New Guinea, the Hides F2 well was completed with an accelerated and safe start-up. Western Australia domestic gas production increased by approximately 19 percent following the successful completion of major shutdowns and compression upgrades. In the Cooper Basin, output recovered to pre-flood levels, with 91 wells returned to production in the fourth quarter. GLNG delivered full year LNG production of 6 million tonnes, with record production achieved across multiple fields and facilities.

Santos also advanced its growth and energy transition initiatives. A well-priced mid-term LNG portfolio supply contract was signed for approximately 0.6 million tonnes per annum from 2026. Preparations continued for the Beetaloo Basin appraisal programme, with regulatory approvals submitted and consultation undertaken. Moomba Carbon Capture and Storage Phase 1 continued to perform to plan, permanently storing more than 1.5 million tonnes of CO2 equivalent since start-up and receiving more than 900,000 Australian Carbon Credit Units.

Disciplined capital management remained a key focus. During the year, Santos raised a $1 billion senior unsecured fixed-rate bond, accelerated repayment of the PNG LNG project finance facility, and completed several non-core asset divestments to sharpen portfolio focus and strengthen the balance sheet.

Santos managing director and CEO Kevin Gallagher said that continued focus on operational excellence, disciplined project execution and safety underpinned the company’s performance throughout the year.

“Personal and process safety, and environmental performance, was outstanding, with the company in the top quartile of global industry benchmarks for personal safety and better than global average for process safety and environment performance,” Mr Gallagher said.

He added that the performance of the base business was a highlight of 2025, particularly given the impact of severe flooding in the Cooper Basin, and that Santos is now well positioned for production growth as Barossa and Pikka move into production.

Looking ahead, Santos expects Barossa LNG and Pikka Phase 1 together to lift production by around 25 to 30 percent by 2027 compared to 2024 levels, reinforcing the company’s platform for sustainable growth, disciplined capital allocation and long-term shareholder value.

For more information visit www.santos.com

Brunei Energy Services & Trading and Vitol have announced the extension of their Liquefied Natural Gas Sale and Purchase Agreement. This extension reinforces the strong, multi-year partnership between the two companies and underscores their shared commitment to global energy security.

Building on Proven Partnership

The original agreement, signed in 2022 with deliveries commencing in 2023, established a supply of approximately 0.4 million tonnes per annum to Vitol’s Asian operations over a five-year term. Under the newly signed extension, BEST will continue to supply Vitol with up to four LNG cargoes per annum from 2028 through 2031.

This extension reflects the deep level of trust and operational excellence established between BEST and Vitol. It further highlights BEST’s growing role as a premier energy services provider and Brunei Darussalam’s reputation as a dependable source of LNG in the international market.

Strategic Partnership Growth

Yang Mulia Hajah Sharidatul Maryani Binti Hj Md Saidin, chief executive officer at BEST, commented: “We are delighted to further strengthen our partnership with Vitol through this agreement extension. This milestone is a testament to the reliability of our operations and the strength of the relationship we have cultivated since 2022. By securing this extension into 2031, BEST continues to demonstrate its capability to meet the evolving needs of the global energy market while contributing to the long-term growth of Brunei’s energy sector. We look forward to a continued, mutually beneficial collaboration with Vitol.”

Pablo Galante Escobar, head of LNG and EMEA Gas and Power at Vitol, said: “We are delighted to extend our long-term LNG SPA with BEST, a highly respected and important partner. We look forward to strengthening our partnership with BEST and Brunei Darussalam and working on further opportunities. Vitol is committed to offering reliable and flexible LNG solutions to customers worldwide.”

For more information visit www.vitol.com

The Bulgarian State, through Bulgarian Energy Holding (BEH), has entered the Han Asparuh offshore exploration joint venture in the Bulgarian Black Sea, with a 10 percent interest.

BEH will pay its proportional share (10 percent) of the costs incurred in connection with drilling preparations and operations.

New Partnership Structure

In the new partnership structure, OMV Petrom remains operator, with a 45 percent stake, NewMed Energy holds 45 percent, and BEH holds 10 percent.

Exploration drilling started in December 2025 and is ongoing, with the drilling vessel Noble Globetrotter I contracted to drill two exploration wells.

Strategic Partnership

Cristian Hubati, member of OMV Petrom’s Executive Board, responsible for Exploration and Production, said: “This partnership reflects a shared commitment to unlocking the Black Sea’s potential as a reliable regional energy source in a safe and sustainable manner.”

Yossi Abu, CEO of NewMed Energy, said: “Our participation into Han Asparuh extends our deepwater portfolio and strengthens regional collaboration in the Eastern Mediterranean and Black Sea.”

Valentin Nikolov, CEO of Bulgarian Energy Holding, said: “By joining the joint venture, Bulgaria takes an active role in exploring its offshore resources and enhancing national energy security. Moreover, such projects can make a significant contribution to the economy.”

Economic Impact Analysis

A study recently issued by EY, commissioned by OMV Petrom and NewMed Energy, shows that unlocking the natural gas potential in the Bulgarian Black Sea could generate major benefits for the country’s economy and energy security. According to the analysis, every EUR 1 billion invested and spent in offshore projects could deliver up to EUR 5.2 billion in GDP and EUR 1.5 billion in state revenues.

Han Asparuh Block

Han Asparuh is an exploration block located in the Western Black Sea in Bulgaria, south of the Neptun block in Romania and has an area of 13,712 square kilometres with water depths slightly below 2,000 metres. Exploration activities started in 2012 and included geological and geophysical surveys and the drilling of three exploration wells. An extensive 3D seismic campaign was finalised in May 2020 to identify potential drilling targets.

OMV Petrom in the Black Sea

OMV Petrom has over 40 years of experience in oil and gas production in the Black Sea. In the Romanian sector, it operates several blocks, producing oil and gas in the shallow waters. In deep waters, OMV Petrom, in partnership with Romgaz, is developing the Neptun Deep project, with estimated volumes of 100 billion cubic metres of gas. First gas production from Neptun Deep is expected in 2027.

For more information visit www.omvpetrom.com

HES has shared an in-depth interview with Paul van Gelder, CEO of HES International, reflecting on a year of significant progress and outlining the company’s strategic direction as it moves further into the energy transition.

Looking back on 2025, van Gelder described the year as a period of major transformation for both HES International and the wider industry. He emphasised that rapid change across the sector demands clear strategic direction combined with decisive action. According to van Gelder, the past year was focused on building strong foundations for new energies, decarbonisation, long-term resilience and a more unified HES organisation.

Several key developments stood out during the year. In France, HES International acquired a new terminal, HES Fos, which van Gelder described as a strategic stepping stone for developments in green steel. He highlighted the importance of decarbonised steel production in supporting Europe’s strategic autonomy and underlined the need for strong domestic steel production capabilities. Another major milestone was achieved at HES Wilhelmshaven Tank Terminal, where the company secured the option to connect to Germany’s hydrogen backbone via the Wilhelmshaven Coastal Line. Van Gelder noted that this development represents more than a technical connection, positioning the terminal as a future New Energies Hub and enabling large-scale hydrogen imports into the German market at a critical time for Europe’s energy transition.

Decarbonisation continues to play a central role in HES International’s strategy. Van Gelder explained that the company is focused on implementation rather than ambition alone. In partnership with Harbour Energy, HES advanced its Carbon Capture and Storage cooperation, developing practical solutions to capture and permanently store CO₂ emissions from industrial sources. He described this collaboration as an important milestone in reducing the sector’s carbon footprint and supporting Europe’s climate objectives with scalable solutions.

HES International’s activities extend beyond hydrogen and carbon capture. In France, the newly established subsidiary HES Med Terminals signed a memorandum of understanding with GravitHy to develop port infrastructure linking GravitHy’s future industrial site in Fos-sur-Mer with HES’s dry bulk terminal. Van Gelder noted that the project demonstrates the essential role ports play in enabling new industrial ecosystems, particularly those focused on green steel and low-carbon value chains.

Operational excellence remains a core priority alongside long-term investment. At HES Bulk Terminal Rotterdam, the full modernisation of the train loading station was completed, upgrading an asset that has been in operation since 1976 and handles up to six million tonnes of iron ore annually. Van Gelder highlighted that by prioritising safety and automation, the terminal now operates a more efficient and future-proof system aligned with evolving customer needs.

Further milestones were achieved within the bulk terminal portfolio. In Poland, HES Gdynia Bulk Terminal officially opened a new fully automated flat grain warehouse, significantly increasing agricultural storage and handling capacity and reinforcing HES’s role within the agri-bulk supply chain.

The year also marked an important step towards the “One HES” vision. As of 2 April, EMO B.V. and European Bulk Services officially rebranded under the HES International name, becoming HES Bulk Terminal Rotterdam and HES Bulk Terminal Maasdelta respectively. In December, SOSERSID SOMARSID also transitioned to HES Med Terminals. Van Gelder explained that the rebranding goes beyond a new visual identity, reflecting a shared culture, aligned standards and a consistent customer promise across the group.

Customer engagement remained a key focus throughout 2025. Van Gelder highlighted the importance of personal relationships, pointing to the opportunity to host clients at HES Bulk Terminal Amsterdam during SAIL Amsterdam 2025 as a valuable moment to step back from daily operations and discuss the future of the industry in a unique maritime setting.

Looking ahead to 2026, van Gelder expressed particular enthusiasm about developments at HES Botlek Tank Terminal, where 65 percent of storage capacity will be dedicated to biofuels from January 2026, surpassing the company’s strategic target more than two years ahead of schedule. Additional new products will be introduced at the terminal, enhancing flexibility and relevance in a rapidly evolving energy market. At the same time, HES International will continue to accelerate its New Energies initiatives, supported by a new brochure outlining how the company enables hydrogen, CCS, biofuels and other emerging energy carriers across its terminal network.

Concluding the interview, van Gelder highlighted the importance of people, partnerships and customer trust in giving him confidence for the future. He expressed pride not only in the projects delivered, but also in building an organisation that is resilient, future-oriented and purpose-driven, with a clear focus on safe operations, responsible investment, pragmatic innovation and leadership at the intersection of industry, logistics and energy.

For more information and the original interview visit www.hesinternational.eu

Texas LNG Brownsville LLC, part of Glenfarne Group, LLC, has signed a definitive 20-year Sales and Purchase Agreement with RWE Supply & Trading, one of Europe’s leading energy companies, for the supply of one million tonnes per year of Liquefied Natural Gas. This corresponds to approximately 13 cargoes of LNG and 1.4 billion cubic metres (BCM) per year of natural gas respectively. Deliveries can be shipped by RWE to locations in Europe and worldwide.

Offtake Portfolio Complete

Glenfarne has now finalised the conversion of all of Texas LNG’s previously announced Heads of Agreements to fully binding long-term definitive offtake agreements.

Vlad Bluzer, Partner at Glenfarne Group, LLC and co-president of Texas LNG, said: “We welcome RWE, one of the world’s most versatile energy companies, as an offtake partner for Texas LNG and look forward to helping them fulfill the needs of their customers with clean, competitive energy. With the completion of offtake negotiations, Glenfarne is now focusing on finalising the financing process as we advance toward a final investment decision in early 2026.”

Jacob Meins, chief commercial officer of origination at RWE Supply & Trading, said: “I am pleased to welcome Glenfarne as a strong partner in our LNG supply. This partnership strengthens our international LNG portfolio and supports Europe’s security of supply.”

Low-Emission Technology

Texas LNG features the use of electric drive motors for LNG production, making this project one of the lowest-emitting LNG terminals in the world. The RWE agreement provides a framework to monitor, report and verify greenhouse gas emissions (GHG) from the well head to LNG loading to document how LNG cargoes produced from the Texas LNG terminal support the reduction of GHG emissions across the LNG value chain.

Kiewit is leading the engineering, procurement and construction of Texas LNG under a lump-sum turnkey structure.

For more information please visit www.glenfarne.com

MFE has announced the launch of MFE Offshore, a new division dedicated to subsea and offshore operations. Built to serve offshore oil and gas, offshore wind and other maritime operators, MFE Offshore offers technology, expertise and hands-on support made specifically for the harsh realities of offshore environments.

Addressing Offshore Complexity

Dylan Duke, CEO of MFE Inspection Solutions, said: “Offshore inspections are incredibly complex, and demand more than just good equipment. For over 30 years, MFE has supported industrial inspections by helping customers choose the right tools, train their teams, and build workflows that actually work in the field. MFE Offshore formalises that approach for subsea and offshore operations, bringing together specialised technology, deep technical support, and experienced offshore leadership.”

Image Source: MFE

Many inspection tools are designed for labs or controlled settings. But offshore operations require equipment that can perform reliably in harsh conditions, including saltwater exposure, confined spaces and the use of specialised tools like underwater drones and subsea positioning systems. MFE Offshore was made to address these challenges head-on, helping operators deploy inspection solutions designed for real-world offshore environments.

Consultative Approach

Continuing MFE’s long-standing practice of supporting clients all the way through the inspection process, MFE Offshore operates in a consultative manner, working closely with customers to understand their specific inspection challenges. The team helps identify the right technologies, delivers hands-on training, supports implementation and remains engaged after deployment to ensure lasting success.

Experienced Leadership

Wendy Post, general manager of MFE Offshore, who brings more than 25 years of offshore industry experience, said: “Offshore personnel don’t have the luxury of trial and error. Harsh environments, limited access, and tight inspection windows mean everything has to work the first time. MFE Offshore was built to support those realities, helping operators find inspection tools designed for offshore use, training teams to deploy them correctly, and staying engaged long after the equipment arrives.”

Post brings more than 25 years of offshore industry experience and has spent over a decade in industry leadership roles, including helping to found and establish the Southeast chapter of the Hydrographic Society of America and serving for 14 years on boards within the hydrographic and marine technology community at both the regional and national levels.

Proven Track Record

MFE serves over 9,000 companies and delivers more than 26,000 hours of training each year. With the launch of MFE Offshore, the company extends its mission of empowering inspection teams with the right technology and support to the unique demands of offshore environments.

For more information visit www.mfe-is.com

OPW Retail Fueling, a global leader in fluid-handling solutions, will highlight its latest offerings at Booth M475 during the upcoming Western Petroleum Marketers Association WPMA EXPO, Feb. 17-19, at the MGM Grand Resort in Las Vegas, NV.

During the expo, OPW Retail Fueling will showcase a wide array of products, including its latest fueling system enhancements, the 71SO Segmented Overfill Prevention Valve and the segmented 61T-4SC Drop Tube, which simplify shipping and storage.

“Innovation at OPW Retail Fueling reflects a comprehensive approach to product design that prioritises safety, quality and efficiency at every touchpoint,” said Ed Kammerer, vice president global product marketing, OPW Retail Fueling. “‘Fueled By Excellence,’ our mission is to optimise every step of the value chain for our distributors, their customers and end users. Our product managers and district managers look forward to showcasing how our products deliver on that promise at WPMA.”

The 71SO Segmented Overfill Valve:

• Retains the breakthrough two-stage positive shut-off mechanism of the original OPW 71SO
• Allows for more compact packaging and easier transport due to the drop tube’s four 5′-long interlocking sections
• Eliminates shipping damage and overlength shipping fees
• Is easily pieced together during on-site installation without the need for glue or epoxy

The 61T-4SC Segmented Drop Tube:

• Transfers product from the fill connection point to within 6″ (or per local requirements) of the bottom of the underground storage tank
• Allows for submerged filling of the tank, resulting in a more efficient delivery flow rate
• Reduces the buildup of vapors or foam in the tank
• Features 062″-thick drop tube walls to prevent denting and damage during installation or removal
• Is easier to store and ship because of the drop tube’s 3 segments

In addition to sharing product information with booth guests, OPW Retail Fueling will record episodes of its groundbreaking podcast, “The Fueling Station,” at the show.

For updates from the OPW booth during the show, follow along on LinkedIn and Facebook.

To learn more  visit www.opwglobal.com/opw-retail-fueling.

Tepsa has been selected by the Grand Port Maritime de Dunkerque following an Expression of Interest process for part of the former SRD refinery brownfield site.

As part of the EOI, the Port of Dunkirk chose the complementary projects proposed by Technip Energies and Tepsa. Under the agreement, Tepsa, an independent European leader in bulk liquid storage, will develop and operate a new storage terminal with a capacity of 145,000 cubic metres. The facility will be dedicated to bulk liquids serving the battery manufacturing and recycling value chain, the European chemicals sector and energy transition industries.

In addition, Tepsa will provide maritime logistics services to Technip Energies in support of its adjacent project to produce sustainable aviation fuel from second-generation ethanol, further strengthening the industrial ecosystem at the site.

Commenting on the announcement, Bruno Hayem, chief executive officer of Tepsa, thanked the Grand Port Maritime de Dunkerque for its continued trust. He noted that, as long-standing partners, Tepsa is proud to contribute to the development of the Dunkirk area and the wider Hauts-de-France region, and to support the port’s ambition to position Dunkirk as a leading hub within the Northern European port range.

For more information visit www.tepsa.com

Trafigura Pte Ltd, a market leader in the global commodities industry, has signed a binding six-year offtake agreement with SP Developments Uruguay S.A., a subsidiary of Syzygy Plasmonics, to purchase advanced sustainable aviation fuel (“SAF”) from Syzygy’s first commercial facility, located in Uruguay. The agreement covers the entire production volume from Syzygy’s flagship biogas-to-SAF project, with first deliveries targeted in 2028. It also includes an option for Trafigura to purchase additional volumes from Syzygy’s future projects.

Innovative Light-Driven Technology

Syzygy’s technology converts biogas into SAF using renewable electricity through an innovative light-driven chemical reactor process. The pathway has received ISCC pre-certification to produce Renewable Fuels of Non-Biological Origin (RFNBO) and Advanced BioSAF compliant fuels, offering a scalable solution to meet expanding SAF mandates in Europe, the United Kingdom and other markets.

Pictured: Estancias Del Lago agro-industrial complex, where NovaSAF-1 will be built. Image credit: Estancias Del Lago.

This agreement demonstrates Trafigura’s approach to advancing emerging low-carbon technologies through market-based solutions.

Jason Breslaw, Head of Low Carbon Fuels Business Development at Trafigura, commented: “By providing commercial certainty through long-term offtake commitments, Trafigura can enable innovative companies like Syzygy to secure project financing and scale production. This offtake agreement complements our strategy to support the industry’s efforts to diversify SAF supply, particularly as regulations increasingly mandate the use of advanced fuels. Trafigura’s global low-carbon fuels network positions us to help aviation customers meet these requirements efficiently and cost effectively.”

World’s First Electrified Biogas-to-SAF Facility

Syzygy’s first commercial-scale project, named NovaSAF-1, will be located in Durazno, Uruguay and will be the world’s first electrified biogas-to-SAF facility producing RFNBO-compliant SAF. It will leverage biogas from the Estancias Del Lago powdered milk plant and Uruguayan renewable electricity to produce synthetic paraffinic kerosene (SPK) SAF with 90% lower lifecycle emissions than fossil jet fuel.

Trevor Best, CEO of Syzygy Plasmonics, said: “This agreement marks a critical step in our journey toward commercial-scale impact and disrupting the SAF market. With a signed offtake agreement from a global leader like Trafigura, and after having successfully completed FEED engineering in December, we’re now ready to secure financing for the construction of NovaSAF-1 and move our technology from potential into production.”

Strengthening Low-Carbon Fuels Supply Chain

The agreement further strengthens Trafigura’s presence across the entire low-carbon fuels supply chain, from feedstock sourcing through subsidiaries such as Greenlife in Australia, to blending and distribution capabilities via Impala Terminals and Greenergy, and into-wing supply to aviation customers globally.

For more information visit www.trafigura.com

Remaining agile in an ever-changing oil and gas (O&G) market continues to be a significant challenge for the industry. Outlooks for 2026 suggest limited demand growth alongside higher supply, conditions that may prompt some operators to scale back drilling and production activity. At the same time, shifting government policies and international events have the potential to alter market dynamics rapidly. Given the scale of O&G operations, even small market changes can have far-reaching impacts that are difficult to address quickly. While no single solution can eliminate this uncertainty, an effective corrosion protection strategy can play a key role in reducing losses associated with unpredictable market fluctuations.

Preserving asset value through corrosion prevention

By the time multi-year greenfield drilling projects reach completion, market conditions may no longer support immediate start-up, leaving newly installed equipment idle and exposed to corrosive environments. Similarly, existing oil rigs face the risk of equipment degradation when assets are decommissioned without appropriate preservation measures. Implementing practical corrosion prevention strategies enables O&G companies to maintain equipment in near-new condition, allowing assets to be brought back online efficiently when market conditions improve.

Minimising start-up delays with effective preservation

The choice of preservation method is critical to maintaining operational readiness. Traditional corrosion protection approaches often rely on greasy rust preventatives that are difficult to remove, dehumidification systems that can fail, or costly nitrogen blanketing that must be fully reapplied if leaks occur. In contrast, Cortec® corrosion solutions are designed to be easy to apply, require minimal monitoring and support a faster return to service.

VpCI® emitters and fogging fluids can be applied based on internal equipment volumes, ensuring consistent protection of complex internal spaces through corrosion-inhibiting vapour diffusion. For external protection, solutions such as VpCI®-126 HP UV Shrink Film and MilCorr® VpCI® coatings complete the protective system, providing durability in outdoor conditions. When equipment is required for renewed operations, protective films and emitters can be removed quickly, allowing for a rapid and efficient start-up.

Preparing for 2026 market volatility

Whether the 2026 O&G market leads to increased decommissioning activity or shifts unexpectedly towards higher demand, VpCI® preservation solutions can help operators remain flexible. By keeping equipment preserved in a ready-to-use state, O&G companies are better positioned to respond quickly to changing market conditions and capitalise on future upturns. Further guidance on maintaining operational agility in the evolving O&G market is available from Cortec®.

For more information visit www.CortecVCI.com

In 2025, Bureau Veritas further strengthened its sustainability performance, improving its overall score and retaining its EcoVadis Gold rating.

The EcoVadis Gold distinction places Bureau Veritas among the top five percent of companies assessed globally and recognises its continued progress across key sustainability criteria, including environmental stewardship, ethical business conduct, labour and human rights, and responsible procurement. The improved score reflects ongoing efforts to embed sustainability and responsible practices throughout the organisation’s operations and value chain.

Bureau Veritas has continued to focus on reducing its environmental footprint through targeted initiatives aimed at improving energy efficiency, lowering emissions and promoting more sustainable ways of working. At the same time, the company has reinforced its commitment to ethical labour practices by fostering safe, inclusive and respectful working environments, while upholding high standards of integrity and compliance across its global workforce.

Transparency and accountability remain central to Bureau Veritas’ approach, with clear governance frameworks and responsible business policies guiding decision-making at all levels. Retaining the EcoVadis Gold rating underscores the company’s long-term commitment to continuous improvement and its role in supporting customers and partners in achieving their own sustainability objectives.

For more information visit www.group.bureauveritas.com

ADNOC Gas plc and its subsidiaries have signed a long-term liquefied natural gas sales and purchase agreement with Hindustan Petroleum Corporation Limited, valued at between US$2.5 billion and US$3 billion over a ten-year period. ADNOC Gas is listed on the Abu Dhabi Securities Exchange under the symbol ADNOCGAS.

The agreement was announced during an official visit to India by President His Highness Sheikh Mohamed bin Zayed Al Nahyan, during which he met with Indian Prime Minister Narendra Modi. As part of the visit, His Excellency Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC managing director and group chief executive officer, and Vikas Kaushal, chairman and managing director of HPCL, formally exchanged the signed contract.

The agreement converts a previously signed heads of agreement into a binding long-term sales and purchase agreement for the supply of 0.5 million tonnes per annum of LNG. Over its duration, the contract is valued at approximately US$2.5 billion to US$3 billion and represents a further strengthening of the strategic energy partnership between the United Arab Emirates and India.

The deal reinforces ADNOC Gas’ position as a reliable and trusted LNG supplier to Asia’s fast-growing markets, while supporting India’s ambition to increase the share of natural gas in its energy mix to 15 percent by 2030. It also reflects the expanding commercial relationship between ADNOC Gas and Indian energy companies.

With this agreement, the total value of contracts supported and operated by ADNOC Gas now exceeds US$20 billion. India has become the UAE’s largest customer and plays a central role in ADNOC Gas’ long-term LNG strategy, with the company’s growth closely aligned to India’s continued energy demand.

By 2029, ADNOC Gas is expected to operate 15.6 million tonnes per annum of LNG capacity, of which 3.2 million tonnes per annum is contracted to Indian energy companies, including HPCL. Supplies under the agreement will be sourced from ADNOC Gas’ Das Island liquefaction facility, which has a production capacity of up to six million tonnes per annum and is among the world’s longest-operating LNG plants. Since commencing operations, the facility has delivered more than 3,500 LNG cargoes worldwide, demonstrating a strong record of operational performance and reliability.

The HPCL agreement aligns with ADNOC Gas’ broader strategy to diversify its customer base and expand its footprint in India and other key growth markets across Asia. Over the past three years, ADNOC Gas has secured multiple long-term LNG supply agreements, ranging from 0.4 to 1.2 million tonnes per annum with contract durations of up to 14 years, further strengthening its position as a leading supplier of reliable, lower-carbon LNG to the region.

For more information visit www.adnocgas.ae

Zeeco, a global leader in advanced combustion and environmental solutions, has announced the acquisition of Devco Process Heaters, a Tulsa-based fired-heater design and technology company. The move strengthens Zeeco’s position in the United States midstream oil and gas market.

Comprehensive Solutions Provider

Through its newly expanded capabilities, Zeeco will be a comprehensive single-source provider not only of combustion equipment but also of installation, field service, construction and aftermarket solutions. Combined with Zeeco’s industry-leading, company-owned manufacturing facilities, this acquisition ensures fast, reliable and cost-effective delivery of complete combustion equipment solutions.

The acquisition included Devco Heaters’ brand, existing products and expertise. All former Devco Heaters employees, including owner Jeff Hutsell, have been integrated into new and expanded roles within Zeeco.

Strategic Milestone

Darton Zink, president and CEO of Zeeco, said: “The Devco acquisition marks a significant milestone for Zeeco, reinforcing our mission to serve customers to the fullest. It expands our midstream capabilities, enabling us to deliver a complete portfolio of solutions and equipment that provide greater efficiency, reliability and value.”

Proven Track Record

For more than 20 years, Devco Heaters has designed and manufactured direct and indirect fired heaters, thermal oxidisers, electric heater packages and auxiliary equipment. These solutions serve applications in the midstream, petrochemical, aircraft testing labs, food processing and other industries.

Jeff Hutsell said: “As Devco Heaters enters this new chapter with Zeeco, I’m excited to hand over the brand and personally join Zeeco to continue our momentum to serve clients globally. I have great confidence in Zeeco’s leadership, people and culture, and believe our combined strengths will deliver exceptional value for years to come.”

The acquisition was finalised on December 5, 2025.

For more information visit www.zeeco.com

Port of Gävle has signed a new 25-year agreement with Inter Terminals. The agreement benefits both parties through increased long-term stability and predictability, creating stronger conditions for planning, development and investment – including Inter Terminals’ continued transition toward fossil-free operations through the storage of SAF (Sustainable Aviation Fuel) at the Port of Gävle.

Long-Term Framework

The agreement was signed on January 19, 2026. It covers areas for terminals and storage tanks and clearly defines the framework and conditions for Inter Terminals’ long-term use of the port’s land, facilities and infrastructure.

Fredrik Svanbom, CEO of Gävle Hamn AB, said: “By entering into a 25-year agreement, we strengthen the long-term stability and predictability that provide a solid foundation for continued development at the port. It enables more efficient planning and reduces friction in our cooperation – while ensuring clarity regarding security, requirements and compliance. Inter Terminals is an important partner at the port, and we look forward to continuing to develop together.”

Enabling an Accelerated Transition

Inter Terminals is an established provider of storage and logistics solutions for liquid energy products and, increasingly, renewable fuels. The company has operated at the Port of Gävle since 1993 and currently stores jet fuel and SAF.

Johan Zettergren, managing director of Inter Terminals Sweden AB, said: “We are very positive about our presence in Gävle. This is a large, modern port with a strategic location in the Baltic Sea – at the heart of an industry-intensive region and close to major airports and population centres. Given today’s geopolitical realities, we believe Gävle’s logistics position will become even more important. We are pleased to continue developing our long-term collaboration with Port of Gävle.”

For more information visit www.interterminals.com

International engineering consultancy Penspen has been awarded a pre-FEED study by CO₂ Pipeline Schweiz AG to support the development of a national CO₂ transport system in Switzerland.

The study focuses on the high-level design of a CO₂ pipeline corridor between Basel and Zurich, with consideration of onward connections across eastern and central Switzerland. The work forms part of Switzerland’s wider effort to establish carbon transport infrastructure capable of supporting national emissions reduction targets.

Darren Bartlett, director of engineering and energy transition

Penspen’s scope covers the technical design of the pipeline backbone and associated hubs, including intermediate valve stations, compressor stations and supporting infrastructure. The project, delivered by Penspen’s engineering teams in Aberdeen and London, will also provide routing support, site selection input, support to the economic evaluation and guidance on regulatory and standards alignment for CO₂ transport within the Swiss context. The project is scheduled to complete in March 2027.

A key objective of the study is to help shape consistent technical and assessment standards for CO₂ pipelines in Switzerland. These standards are intended to support future project development and provide a common reference for operators, regulators and stakeholders. Penspen has extensive engineering experience in long-length pipeline projects for the transportation of CO₂, with recent work including the HyNet CO₂ transportation pipeline at Liverpool Bay in the UK and a dense phase CO₂ pipeline in the United Arab Emirates.

Darren Bartlett, director of engineering and energy transition at Penspen commented: “This appointment builds on Penspen’s global experience supporting large scale CO₂ transport and storage projects and reflects the growing demand for early phase engineering studies that can underpin the safe and practical deployment of carbon management infrastructure.

“Together with CO₂ Pipeline Schweiz AG, we are proud to progress this pioneering carbon transportation system project designed to serve multiple emitters including waste incineration, cement plants and industrial plants across the region, contributing to Switzerland’s national emissions reduction goals.”

Dominik Wlodarczak, CEO, CO₂ Pipeline Schweiz AG, said: “We are happy to benefit from Penspen’s comprehensive expertise in designing pipeline systems and from its customer-centred interactive approach.”

For more information visit www.penspen.com

Vitol Inc.has announced that it has acquired full ownership of Mid America Agri Products / Wheatland, LLC and its parent company, Mid America Bio Energy & Commodities, LLC.

Vitol has been a shareholder in MAAPW and the exclusive marketer of MAAPW ethanol since 2018.

Commitment to Renewable Fuels

This acquisition reflects Vitol’s ongoing commitment to the renewable fuels sector and its confidence in the future of ethanol as a key component of the energy transition. By integrating MAAPW and MABE fully into its portfolio, Vitol aims to further strengthen its position in the North American biofuels market and continue delivering value to its customers and partners.

Justin O’Rourke, business development at Vitol Inc., said: “We are grateful for the strong relationship we have built with MAAPW and MABE over the past several years and are excited to continue working with the current teams. We look forward to building on this foundation and driving continued growth and innovation in the renewable fuels space.”

Honoring the Legacy

Sandra Lundeen, co-founder of Mid America Agri Products, said: “This moment carries deep personal meaning for me. Since Bob’s passing in May 2023 (Late MAAPW Founder), I often reflect on what we built together. He would be thrilled to see the company carried forward by a partner like Vitol, and I know he would be proud.”

For more information visit www.vitol.com

Scandinavian Enviro Systems AB has announced that the board of directors has appointed Fredrik Aaben as chief executive officer of Scandinavian Enviro Systems AB effective from January 16. The appointment is made in accordance with Scandinavian Enviro Systems’ succession plan and follows the mutual agreement between Enviro and Fredrik Emilson that he will step down from his position as chief executive officer. Fredrik Emilson will act as senior advisor to the company during a transitional period.

Proven leadership and industry expertise

Fredrik Aaben has been employed by Scandinavian Enviro Systems as chief financial officer since November 2024. Prior to joining Scandinavian Enviro Systems, Fredrik Aaben served as Head of Corporate Finance at Volvo Cars, where he spent close to eight years in various roles within corporate finance, corporate strategy and corporate governance. He has also served as group business controller at Stena AB and has a background in management and strategy consulting. Fredrik Aaben holds a Master of Science in Industrial Engineering and Management as well as a Master of Science in Software Engineering, both from Chalmers University of Technology.

Ewa Björling, chairman of the board of Scandinavian Enviro Systems AB, commented: “The Board is very pleased to appoint Fredrik Aaben as chief executive officer of Scandinavian Enviro Systems. Fredrik has a deep understanding of the company, its operations and strategic direction, and has demonstrated strong leadership, analytical capability and commitment during his time as chief financial officer. With his extensive experience in finance, strategy and corporate governance, the Board has very strong confidence in Fredrik’s ability to lead Enviro forward and successfully drive the company’s continued development and growth.”

Fredrik Aaben said: “I am excited to have been appointed CEO of Scandinavian Enviro Systems. Enviro is a company with a leading technology platform and a highly competent organisation. I look forward to working closely with the Board, the management team and all employees to drive execution and continue developing the company in line with its long-term ambitions.”

Acknowledgment and new CFO appointment

The board of directors would like to thank Fredrik Emilson for his commitment and valuable contributions to the company during his tenure as chief executive officer. Under Fredrik Emilson’s leadership, the company has taken important steps in its development, and the Board appreciates his efforts and dedication.

In connection with the change in executive management, Maria Ljungstrand has been appointed chief financial officer. Maria joined Scandinavian Enviro Systems in April 2024 and has until today served as head of group business control. Prior to joining Enviro, Maria held various business controller positions at companies including Danone and Mondelez International.

Fredrik Aaben said: “Maria is an exceptional finance professional who is well respected within the organisation for her leadership and competence. I am very pleased that Maria has accepted the role of chief financial officer.”

For more information visit www.envirosystems.se

Inter Terminals Sweden (ITS) is investing in expanded truck-loading capacity at its Gothenburg terminal to enhance customer flexibility for one of its long-standing customers, Shell. The new equipment is being developed to enable the truck loading of gas-to-liquid (GTL) products.

GTL fuel contains almost no sulphur, nitrogen or aromatic compounds. When used as a fuel, it delivers significant reductions in regulated pollutants compared with conventional diesel, resulting in improved local air quality and strong cold-weather performance. The new truck-loading rack will be used to supply neat EN15940-compliant GTL fuel, as well as G70 fluid for a range of chemical applications.

Beyond facilitating GTL distribution, the investment increases modal diversity and operational flexibility at the Gothenburg terminal. By expanding beyond traditional transport modes to include efficient truck loading of new fuel types, ITS strengthens its ability to respond to evolving customer requirements, market developments and changing logistics patterns. This enhanced flexibility supports more resilient supply chains, reduces reliance on single transport modes and improves overall operational robustness.

The project also creates additional optionality for future product flows, including the integration and expansion of renewable and low-carbon fuels.

Commenting on the investment, Johan Zettergren, Managing Director of Inter Terminals Sweden, said that ITS is experiencing growing demand for additional distribution outlets at its terminals, particularly to support the development and distribution of biofuels. He added that the project represents an important step in that direction and reinforces the company’s commitment to enabling sustainable and efficient energy logistics for the future.

For more information visit www.interterminals.com

CF Industries Holdings Inc, a leading global manufacturer of hydrogen and nitrogen products, Trafigura, a market leader in the global commodities industry, and TFG Marine, a leading global marine fuel supplier, have announced the signing of a Memorandum of Understanding to facilitate the adoption of low-carbon ammonia as a marine fuel.

Building on the successful collaboration between CF Industries and Trafigura in the shipment of low-carbon ammonia, this agreement establishes a framework for the parties to work together on advancing low-carbon ammonia as a marine fuel, supporting the global shipping industry’s emissions-reduction efforts.

Image Source: Trafigura

Collaborative Framework

Under the MOU, CF Industries, Trafigura and TFG Marine will collaborate on key initiatives to facilitate the adoption of low-carbon ammonia as a marine fuel, including market development, stakeholder engagement and bunkering logistics planning. The collaboration will initially focus on the US Gulf Coast and Northwest Europe.

CF Industries will leverage its low-carbon ammonia production and export capabilities at its Donaldsonville, Louisiana, complex. Trafigura will contribute its expertise in commodity logistics and market development, while TFG Marine, a joint venture between Trafigura, Frontline and Golden Ocean Group, will leverage its global marine fuel supply network and bunkering capabilities to support last-mile delivery solutions, coordinate ammonia bunkering demand and transport ammonia to bunkering hubs globally.

Industry Leadership

Bert Frost, executive vice president and chief commercial officer at CF Industries, said: “We are pleased to collaborate with industry leaders such as Trafigura and TFG Marine to establish the supply chain necessary to meet the expected transition of the marine shipping industry to low-carbon ammonia as a fuel.”

Patricio Norris, global head of Ammonia and LPG at Trafigura, said: “This agreement brings together the critical components needed to advance low-carbon ammonia as a viable marine fuel. Through this collaboration with CF Industries and TFG Marine, we are combining world-class production capabilities with our global logistics and bunkering network to support the maritime industry’s transition to cleaner fuels.”

Kenneth Dam, executive director of TFG Marine, said: “Our global bunkering infrastructure and operational expertise position us to play a key role in delivering low-carbon ammonia fuel solutions to the shipping industry. This collaboration with CF Industries and Trafigura enables us to develop the supply chain and logistics capabilities needed to make low-carbon ammonia bunkering a commercial reality for vessel operators worldwide.”

For more information visit www.trafigura.com

VARO Energy has announced that it has completed the Preem AB acquisition, marking the successful delivery of VARO Energy’s 2022 ONE VARO Transformation strategy. Following regulatory approvals, the formation of VAROPreem creates a new leading force in energy built on scale, capability and track record.

VAROPreem Key Highlights

Scale: With six strategically positioned manufacturing hubs and access to more than 120 terminals, serving business customers across 33 countries. Creates the second-largest European renewable fuels producer, and one of the top six globally, and Europe’s third-largest independent refiner, meeting 10 percent of European mobility demand for road and marine sectors.

Capability: VAROPreem brings a significant integrated energy value chain across manufacturing, distribution, trading and customers, enabling disciplined execution.

Track record: ONE VARO The transformation strategy was completed ahead of schedule, with approximately 50 percent of 2025 pro forma earnings from sustainable energies and pro forma 2025 EBITDA expected to be three times higher than 2021. VAROPreem is now well positioned to deliver material synergies.

Strategic Combination

The creation of VAROPreem brings together two complementary companies, VARO Energy and Preem AB. With the acquisition complete, VAROPreem is now one of Europe’s most significant energy companies, combining deep industrial capabilities with global trading reach to serve mobility and industrial customers.

With extensive distribution infrastructure and access to more than 120 terminals, the new company owns six strategic manufacturing facilities. In Sweden, it operates Lysekil and Gothenburg. In Germany it holds a majority interest in both Neustadt and Vohburg. Finally, it owns Cressier in Switzerland and Coevorden in The Netherlands. Combined, these six manufacturing hubs have a processing capacity of 530 kbd of conventional fuels, 1.3 mtpa of renewable fuels and 450 GWh of biogas. VAROPreem also owns 100% share in elexon, a leading European developer of commercial vehicle charging.

Transition Investment Pipeline

Recent investments underline the company’s transition growth pipelines, including the commissioning of the Synsat facility at Lysekil, enabling the co-processing of renewable feedstocks and the Coevorden site producing bio-methane and bio-LNG. VAROPreem will continue to operate Preem’s assets with a clear focus on security of supply, resilience and continuity of service, reflecting their strategic role within Europe’s energy systems.

Twin-Engine Strategy

VAROPreem will build on the proven “twin-engine” strategy, supplying both conventional (“Engine 1”) and sustainable energies to mobility and industrial customers. Introduced by VARO Energy in 2022, the five-year strategy targeted a tripling of EBITDA, with 50 percent of earnings from sustainable energies. Following the transaction, VAROPreem expects earnings to be balanced across the two engines, with approximately half generated from conventional energies and half from sustainable energies.

The combined company brings together the industrial scale of an established energy producer with the innovation and capabilities of a renewables leader. This scalable model supports disciplined investment and portfolio evolution in line with customer demand and market dynamics, while enhancing returns.

Energy Security and Transition

VAROPreem brings together strong financing and end-to-end delivery expertise to build and operate energy infrastructure in Europe. With conventional demand remaining strong and sustainable energies expanding, the company is focused on two priorities: keeping supply reliable and funding the next wave of transition investments. This approach supports energy security now and accelerates progress toward a lower-carbon system.

Dev Sanyal, Group CEO of VAROPreem, said: “The creation of VAROPreem marks a defining moment for VARO and Preem. Together, we have created one of Europe’s most significant energy companies, built on the dedication of colleagues whose work has made this possible. VAROPreem combines industrial scale, critical infrastructure, financial strength, and deep operational expertise to support energy security and resilience across Europe. With EBITDA now three times higher than when we began our transformation, we are no longer developing scale; we have achieved it. VAROPreem is well positioned to deliver reliable, lower carbon energy across Europe. And while this completion brings one chapter to a close, it also lays the foundations for the next phase of our growth.”

New Executive Board

The newly established Executive Board brings together senior leaders from both VARO and Preem, combining expertise across manufacturing, commercial strategy and operations, and reflecting the integration of the two businesses. It will comprise:

• Dev Sanyal as Group CEO
• Magnus Heimburg as deputy CEO and EVP Markets & Customers
• Georges Menane as EVP and Group CFO
• Hugues Bourgogne as EVP manufacturing, Projects & Technology
• Stewart Peter as EVP Trading & Optimisation
• Theo Pannekeet as EVP Sustainable Energies Value Chain
• Eric Westerholm as EVP Strategy & Transformation
• Susanne Stenman as EVP Data & Information Technology
• Gilles Vollin as EVP Integration, People & Communication

Strong Financial Support

The transaction was fully financed through a debt package that attracted 15 new lenders, expanding VAROPreem’s lending syndicate to 30 institutions. With participation from banks across Europe, the USA, Japan, Southeast Asia, Middle East and South Africa, the financing underscores broad market confidence in VAROPreem’s strategy and in the creation of the company through the combination of VARO Energy and Preem AB.

With its transformation complete and a new leadership team in place, VAROPreem enters its next chapter focused on growth, delivery and long-term value creation.

For more information visit www.varopreem.com

Horton CBI, Limited (Horton CBI), a wholly owned subsidiary of CB&I, has been awarded a sizeable engineering, procurement, fabrication and construction (EPFC) contract by a leading Canadian infrastructure company. The scope of work includes the delivery of two liquefied petroleum gas (LPG) Hortonspheres^®, following the successful completion of three similar spheres for the same client in 2018.

Each sphere will measure 25 metres in diameter and offer a storage capacity of 8,200 cubic metres. Fabrication will take place at CB&I’s Kasemphol facility in Thailand, with the units to be transported to Canada as sub-assemblies. The Kasemphol facility, located close to the Sattahip Deep Sea Port, specialises in the manufacture of onshore modules, structural steel and prefabricated storage tanks. Covering more than 203,000 square metres, the site is equipped to deliver full turnkey fabrication services.

Onsite activities in Canada are expected to include erection, post-weld heat treatment, hydrotesting, external coating and fireproofing, with the overall construction phase anticipated to take approximately 18 months.

CB&I has maintained an operational presence in Canada for more than 110 years and continues to support energy infrastructure developments across the region. The company’s long-standing experience in spherical storage pressure vessels has underpinned ongoing improvements in design and construction methodologies, supported by comprehensive quality assurance and safety processes throughout project execution.

CB&I pioneered the field-welding of spherical storage vessels in the 1920s and constructed the world’s first field-erected Hortonsphere® in 1923. Since then, the company has designed and built thousands of spherical storage vessels worldwide, including liquid storage spheres of up to 28.6 metres in diameter and gas storage spheres reaching 33.5 metres.

For more information visit www.cbi.com

Gambian President Adama Barrow has appointed Cany Jobe as the new Director General of The Gambia Petroleum Commission, marking a significant milestone in the country’s efforts to advance its oil and gas sector. The appointment comes as The Gambia accelerates regulatory reform and acreage promotion to position itself as one of West Africa’s most attractive frontier exploration destinations.

Representing the voice of the African energy sector, the African Energy Chamber (AEC) welcomes the appointment of Cany Jobe as director general, recognising it as a vital step toward transforming The Gambia’s global investment profile. The Chamber believes Jobe will serve as the chief promoter of the country’s oil and gas sector, tasked with attracting international investment and positioning The Gambia as a world-class destination for upstream capital.

Cany Jobe, director general of The Gambia Petroleum Commission

Jobe joins the Petroleum Commission with close to 18 years of international experience across the oil and gas value chain. She holds a master’s in engineering from the University of Western Australia and a master’s in international project management from Glasgow Caledonian University. Prior to her appointment, she served as Director of Exploration & Production at the Gambia National Petroleum Corporation, where she was instrumental in upstream strategy development, data management and engagement with prospective investors. She has also held positions with regional and international institutions across Asia, Australia, West Africa and America, including roles with China Petroleum Corporation, Venezuela’s PDVSA and ECOWAS Commission as a national consultant. Now, with Jobe at the helm of the Petroleum Commission, The Gambia is signaling its readiness to compete for global exploration capital and take its place among West Africa’s next generation of oil and gas producers.

Her appointment comes at a pivotal moment in The Gambia’s energy development. Situated in the heart of the MSGBC basin, the country has a unique set of competitive advantages that make it a highly-attractive destination for frontier exploration and investment. These include attractive acreage, growing data coverage, strong geology as well as improving regulation. Despite these advantages, the country has yet to make a commercial oil discovery. The Gambia’s challenges with advancing exploration and development have had little to do with resources and more to do with investment. But recent moves promise to turn this trend around.

“Cany Jobe has taken on the big issues when it comes to The Gambia and Africa’s right to produce its oil and gas,” says NJ Ayuk, Executive Chairman, AEC, adding that she has stood up for her country and worked hard globally to advance the oil and gas industry believes in.

“I am confident she is going to work with the industry to attract investors to the country but also create an enabling environment for investors. I urge the international oil industry to support this strong ally by investing big in the country’s oil and gas industry,” he notes.

Under efforts to unlock the potential of its offshore acreage, The Gambia is actively opening its upstream sector to global exploration companies. The country currently has more than eight offshore blocks and two onshore blocks available for investment, positioning it as one of the most accessible frontier markets in West Africa. Approximately 80% of offshore seismic and geological data has already been acquired, significantly reducing exploration risk and enabling faster decision-making for operators considering entry into the market.

The Gambia’s investment proposition is further strengthened by its strategic location within the MSGBC Basin, one of the world’s most promising offshore hydrocarbon provinces. The basin has delivered world-class discoveries in neighboring countries, including Senegal’s Sangomar oilfield and the cross-border Greater Tortue Ahmeyim development shared by Senegal and Mauritania. Geological similarities across the basin underscore the potential for comparable discoveries in Gambian waters.

Beyond geology, regulatory reform is emerging as a key pillar of The Gambia’s upstream strategy. The government is in the process of finalising a new Petroleum Exploration, Development & Production Bill aimed at enhancing transparency, efficiency and investor confidence. The legislation is expected to complement broader reforms to upstream regulations, aligning the country’s legal framework with international best practices and improving the overall operating environment for foreign investors. Against this backdrop, Jobe’s appointment becomes increasingly strategic, providing the experienced leadership required to translate The Gambia’s geological potential, growing data coverage and regulatory reforms into concrete exploration commitments and sustained upstream investment.

“Cany Jobe brings the right mix of technical expertise, international experience and strategic vision to position The Gambia as a competitive upstream destination. Her leadership will be instrumental in promoting the country’s acreage, engaging investors and ensuring that The Gambia fully capitalises on its location in the MSGBC basin. This appointment demonstrates the government’s seriousness about attracting investment and building a world-class petroleum sector,” Ayuk states.

SOURCE: African Energy Chamber

For more information visit www.energychamber.org

Strategic buildouts continue to position Enbridge as an industry leader in natural gas storage as the company responds to escalating demand driven by multiple market forces.

Domestic demand, offshore demand and abundant North American supplies are converging to create unprecedented requirements for natural gas storage capacity.

Market Forces Driving Expansion

Between escalating LNG feed gas demand, growing American reindustrialisation and surging data centre requirements, natural gas has become a highly sought commodity.

Greg Ebel, president and CEO of Enbridge, said during the company’s 2025 third-quarter financial earnings call on November 7: “It’s worth taking a moment to dive a little deeper into the growing North American gas storage market, and how we are positioned to serve our customers. This demand dramatically shifts supply economics and increases the importance of strategically located storage capacity.”

Strategic Gulf Coast Position

Already an important player with 10 percent of available storage capacity on the US Gulf Coast, Enbridge announced November 7 that the company has sanctioned expansions of its Egan, Louisiana and Moss Bluff, Texas gas storage facilities to meet that demand.

For more infomation visit www.enbridge.com

HES Med Terminals has announced its rebrand from SOSERSID-SOMARSID, strengthening its alignment within HES International and reflecting the company’s international ambition.

While the name and brand evolve, the company emphasised that what truly matters remains unchanged: its teams, expertise, safety standards and commitment to customers and partners.

Strategic Operations in Mediterranean Gateway

HES Med Terminals (HMT) is a bulk terminal operator based in Fos-sur-Mer, specialising in dry bulk, breakbulk and project cargoes. Part of HES International, a leading European port terminal operator, the company combines international best practices with strong local expertise to deliver safe, efficient and reliable port logistics solutions.

HMT’s operations cover steel products, bulk commodities and heavy-lift/project cargo, serving customers across the energy, minerals, construction materials and steel sectors.

Comprehensive Terminal Infrastructure

HES Med Terminals operates two strategic facilities:

• The ArcelorMittal site, handling raw material imports (coking coal, iron ore) and steel exports across two dedicated quays
• The HES Fos Bulk Terminal, a 67-hectare terminal under a 40-year concession, offering handling, storage and transshipment services

Safety is the company’s highest priority. Supported by state-of-the-art equipment and three deep-sea quays, HES Med Terminals provides a strategic gateway to the industrial heart of Southern Europe.

HES Med Terminals expressed pride in opening this new chapter under its updated identity.

For more information visit www.hesinternational.eu/en/terminals/hes-med-terminals

As the global energy landscape shifts towards lower-carbon solutions, LNG developers face a central challenge: how to expand export capacity quickly and cost-effectively while managing risk. Argent LNG is addressing this challenge through a modular approach to liquefied natural gas production, offering a scalable model for clean energy exports that balances speed, efficiency and capital discipline.

Modular engineering: flexibility at scale

At the core of Argent LNG’s strategy is modular technology. Unlike traditional stick-built LNG facilities, which rely on large, site-constructed liquefaction trains developed over many years, Argent LNG deploys prefabricated, factory-tested modules for each major system, including liquefaction, pretreatment, power generation and storage.

This approach significantly reduces capital expenditure risk, as standardised modules are fully tested off-site and delivered ready for assembly, limiting construction uncertainty. It also shortens project timelines, enabling earlier production and faster revenue generation. In addition, the modular design allows for phased expansion, enabling capacity to be added incrementally as market demand grows, rather than requiring full-scale development upfront.

Integrated OEM expertise

Argent LNG’s modular architecture integrates technologies from leading global original equipment manufacturers to ensure reliability and performance across the entire facility.

Baker Hughes supplies the liquefaction modules, gas power turbines, compression systems and cold boxes, based on its advanced 2.1 process technology for efficient and scalable gas cooling and liquefaction. All modules are pre-commissioned before leaving the modular yard.

Honeywell UOP provides the five million tonnes per annum pretreatment systems, which remove impurities and ensure feed gas meets the highest standards required for liquefaction and storage. ABB delivers modularised e-houses, power generation and automation systems, providing precise operational control and optimised energy efficiency across the plant.

GTT supplies the modular membrane containment systems for LNG storage, using robotic welding to assemble factory-tested tanks. This approach improves safety, accelerates installation and preserves world-class storage integrity, while remaining fully aligned with Argent LNG’s modular design philosophy.

Together, these integrated technologies allow Argent LNG to assemble a high-performance LNG facility with reduced risk, faster commissioning and predictable operational outcomes.

Lower carbon footprint and environmental stewardship

The modular model also supports a lower-carbon strategy. Shorter construction timelines reduce energy consumption and emissions during the build phase, while optimised plant design improves operational efficiency from the outset. The modular framework further allows systems to be upgraded as new technologies emerge, helping to future-proof the facility as decarbonisation standards continue to evolve.

A blueprint for global scaling

Argent LNG’s modular methodology offers a replicable “cookie-cutter” model for emerging LNG markets and clean energy infrastructure worldwide. By lowering upfront capital requirements, reducing project risk and enabling phased development, modular LNG plants can be deployed in regions where traditional large-scale facilities may be economically or regulatory unviable.

In an era defined by energy security, environmental responsibility and capital efficiency, Argent LNG demonstrates that modular design is more than an engineering choice — it is a strategic tool for scaling clean energy exports. For developers, investors and policymakers alike, the company presents a blueprint for LNG infrastructure that meets current demand without compromising future flexibility.

For more information visit www.argentlng.com

FARO Technologies and Creaform, businesses of AMETEK, Inc., are announcing a major new chapter in their evolutions which will reframe how industries approach metrology and reality capture. As of today, FARO’s 3D Measurement business segment combines with Creaform, giving rise to FARO CREAFORM, a business unit delivering rigorous dimensional measurement solutions providing practical certainty so manufacturing and maintenance teams can act decisively. In parallel, FARO’s reality capture business segment will become FARO INSIGHT, a business unit that will focus on delivering world-class reality capture solutions transforming the physical world into actionable insights that teams can trust. By design, this reorganisation is intended to deliver greater value to customers, accelerate innovation, and create synergies that support growth and long term growth.

Under the leadership of Fanny Truchon, FARO CREAFORM aims to make metrology more mobile, usable, and transformative, giving manufacturers better outcomes, a superior experience and a single point of contact for the complete portfolio. Led by Dietmar Wennemer alongside Virtek Vision, FARO INSIGHT will deliver a reality capture ecosystem that moves teams from field data to impact, enabling seamless capture, pointcloud conversion, and data management and sharing for digital twin workflows across AEC&O, public safety, and geospatial.

“FARO CREAFORM is more than a consolidation. By combining the strength of two leaders, we’re opening possibilities that will empower industries to move from hindsight to foresight. FARO CREAFORM aims to become the undisputed leader in portable metrology”, explained Fanny Truchon, business unit manager of FARO CREAFORM.

“FARO INSIGHT’s approach is simple: we want to digitise the world. Our hardware and software solutions reduce ambiguity to help track building progress, document changes, and digitise crime scenes, structures, mines, forests, and landscapes to provide insights customers can build on”, added Dietmar Wennemer, business unit manager at FARO INSIGHT and Virtek Vision.

Building on FARO’s more than 40 years of leadership in 3D measurement and reality capture and Creaform’s handheld metrology innovation since 2002, this next phase introduces a unified structure designed to ensure continuity, provide clear, timely information, and maintain the trust customers and partners expect.

For more information visit www.creaform3d.com