Eni has announced that, as of January 1, 2026, the business branch of the Refining Evolution & Transformation unit has been transferred to the new company Eni Industrial Evolution S.p.A., which will aim to ensure the management of traditional assets (refineries and depots) in Europe and the Middle East and to consolidate the path of industrial transformation, also from a circular economy perspective, through the development of new industrial supply chains.

Strategic Transformation

The transaction, which entails the optimisation of management and the simplification and acceleration of processes characterising the businesses involved, is part of Eni’s strategy to ensure a fully decarbonised energy offering both in production processes and to consumers, seizing the opportunities and growth prospects offered by the energy transition.

Asset Portfolio

As of January 1, the scope of Eni Industrial Evolution includes the refineries of Sannazzaro de’ Burgondi (Pavia) and Taranto, the stake in the Milazzo Refinery joint venture and the Livorno refinery, the Robassomero plant, the Research Center South in San Filippo del Mela, primary logistics assets – namely depots and pipelines – and shareholdings in Ecofuel S.p.A. and Costiero Gas Livorno S.p.A.

Developing New Supply Chains

The corporate operation aims to develop new supply chains in the field of industrial transformation, enhancing people’s expertise and the technologies developed in downstream activities, to ensure a future based on environmental, social and economic sustainability. Processing activities of raw materials and semi-finished products in the refineries, as well as the reception, handling, storage and delivery of products in refineries and depots, will be ensured through contracts between Eni and Eni Industrial Evolution, to which licences and authorisations, including customs ones, will be transferred.

Leadership

The chairman and chief executive officer of Eni Industrial Evolution is Umberto Carrara.

For more information visit www.eni.com

CB&I has announced it has been awarded a contract by We Energies to design and build a full-containment liquefied natural gas storage tank for a peak shaving facility in Oak Creek, Wisconsin, located just south of the Milwaukee metropolitan area. CB&I’s project scope includes the engineering, procurement, fabrication and construction (EPFC) of one full-containment 2.0 BCF LNG tank with in-tank pumps, topsides and piping to grade.

Continuing Partnership

Brian Goedken, CB&I’s vice president of operations, said: “We are pleased to continue a strong working relationship with We Energies after the successful completion and operation of their Bluff Creek and Ixonia LNG tank projects. Oak Creek LNG is a critical infrastructure project in the growing region of southeastern Wisconsin that will ensure supply reliability and efficiency during peak energy demand. Our team is excited to apply our engineering and construction excellence to the execution of yet another LNG storage tank in this area.”

Historic Site

The new LNG tank will be built at the same facility where CB&I completed North America’s first LNG peak shaving facility in 1965.

For more information visit www.cbi.com

Coastal Bend LNG has announced it has selected KBR, Inc. and Técnicas Reunidas for the front-end engineering and design of their planned natural gas liquefaction and export facility along the Texas Gulf Coast. Upon positive final investment decision, KBR and Técnicas Reunidas will proceed to execute the engineering, procurement and construction phase of the project.

Low-Carbon LNG Design

KBR and Técnicas Reunidas will collaborate to execute the FEED for multiple large-scale trains with a design utilising ConocoPhillips’ Optimised Cascade® Process (OCP) that meets Coastal Bend LNG’s goal of producing cost-competitive liquified natural gas (LNG) while simultaneously mitigating greenhouse gas emissions.

Nick Flores, CEO of Coastal Bend LNG, said: “KBR and Técnicas Reunidas bring impressive expertise in engineering and design across many process technologies, including LNG and industrial decarbonisation, and share our mission to provide low-carbon energy to the world. Our collaboration with KBR, Técnicas Reunidas, and ConocoPhillips, and their combined experience in this space, will enable us to maximise our facility’s efficiency and economic targets, while minimising our carbon intensity.”

Industry Leadership and Expertise

Jay Ibrahim, KBR president, Sustainable Technology Solutions, said: “KBR is proud to collaborate with Coastal Bend LNG to help shape how LNG is produced and delivered to global markets from the Texas Gulf Coast. This award underscores KBR’s leadership in designing energy infrastructure that is efficient and scalable, helping to meet global energy demands. With our deep roots in the Gulf Coast and over five decades of LNG expertise, we’re proud to assist Coastal Bend LNG’s goal of setting a new standard for low-carbon LNG energy production.”

Arthur Crossley, deputy CEO and CCO of Técnicas Reunidas, said: “Coastal Bend LNG exemplifies how we, along with our customers and technology providers, can develop lower carbon LNG by applying decarbonisation innovations to meet the evolving expectations of LNG end-markets.”

For more information visit  www.coastalbendlng.com

The Association for Materials Protection and Performance (AMPP) has announced with deep sadness the passing of George F. Hays, a respected leader in the global corrosion community and a past president of NACE International. Hays passed away peacefully at his home in Rockaway, New Jersey, on January 4, 2026, at the age of 87, with his wife, Beverly, by his side.

Decades of Professional Leadership

George Hays dedicated more than four decades to advancing corrosion control, materials performance, and industrial water and waste system technologies. His professional career spanned more than 30 years at Ashland Speciality Chemical Company, where he served in an international capacity as technology manager, specialising in the design and application of monitoring and control technologies. Following his retirement in 1999, Hays continued to contribute his expertise as a consultant, remaining active in the field he helped shape.

Transformative Industry Service

Within the professional community, Hays is widely remembered for his leadership and service. He served as president of NACE International (now AMPP) from 2004 to 2005, during a pivotal period for the organisation. During his presidency, he helped drive the decision to provide members with free access to standards, an initiative that significantly increased membership engagement and reinforced the value of technical standards to the corrosion profession.

Global Impact

Hays also played a foundational role on the global stage. He was a co-founder of the World Corrosion Organization (WCO) and served as its Director-General from 2006 until March 2016. In that role, he acted as WCO’s liaison to the United Nations and devoted years to elevating corrosion prevention and control as a matter of global importance, representing more than 30 professional societies across five continents.

Service Beyond the Technical Sphere

Beyond his technical and organisational leadership, Hays was an accredited professional mediator. Together with his wife, he established Hays Mediation Service, supporting individuals and families through complex mediation processes and extending his commitment to service beyond the technical sphere.

Enduring Legacy

Despite declining health in recent years, Hays remained intellectually engaged and deeply connected to the corrosion community until his passing. Colleagues and friends remember him not only for his professional achievements but also for his integrity, diplomacy and dedication to advancing the public good through corrosion prevention.

Condolences may be sent to: 2103 Franklin Ln, Rockaway, NJ 07866

AMPP extends its heartfelt condolences to Beverly Hays, their family and all who were influenced by George Hays’ life and legacy.

For more information visit www.ampp.org

As the liquid terminal industry continues to evolve, strong leadership at the board level is critical to ensuring members are well represented, informed and supported. The International Liquid Terminals Association (ILTA) has highlighted the executive committee of ILTA’s board of directors, whose experience and perspective help guide the association’s strategic direction.

Executive Committee Members:

• Chair: Josh Etzel, Kinder Morgan, Inc.
• Vice chair: Vincent DiCosimo, Targa Resources
• Treasurer: Traci Johnson, IMTT
• Past chair (Ex Officio): T. Pratt Summers, Colonial Terminals

Strategic Leadership

Together, this group reflects both continuity and momentum—bringing deep institutional knowledge alongside fresh leadership to help ILTA navigate an ever-changing industry landscape.

ILTA expressed gratitude for their service and commitment to advancing ILTA’s mission on behalf of its members.

For more information visit www.ilta.org

Senior energy market analysts and advisory leaders have confirmed their participation as speakers at the Libya Energy & Economic Summit (LEES) 2026, as Libya accelerates upstream investment, advances its first licensing round in nearly two decades and targets crude oil production of 1.6 million barrels per day by the end of 2026.

Haythem Rashed, managing director, Quidux Consulting Limited; Jennifer Jumbe, director of energy & natural resources, S&P Global Commodity Insights; and Cristina Tomé Martinez, technical research associate director of upstream energy, S&P Global Commodity Insights, will contribute expert market perspectives at the event.

Scheduled for January 24-26, 2026, in Tripoli, the fourth edition of LEES is held under the theme “Infrastructure & Investment Driving Energy Growth” and is officially endorsed by the office of the prime minister, the Ministry of Oil and Gas and the National Oil Corporation. The summit takes place as Libya records its highest oil output in over a decade and moves to attract international capital to upgrade aging infrastructure and unlock new exploration potential across its major basins.

Libya’s hydrocarbon sector remains the backbone of the national economy, accounting for approximately 90 percent of government revenues, 95 percent of exports and more than 60 percent of GDP. The NOC’s near-term objective to raise production from around 1.36 million bpd to 1.6 million bpd by end-2026 forms part of a longer-term ambition to reach 2 million bpd within three to five years. Achieving these targets will require sustained foreign investment, estimated at $3-4 billion for infrastructure modernization, alongside political and security stability.

Providing critical data, research and market intelligence on Libya’s oil and gas sector, S&P Global Commodity Insights closely tracks the country’s production recovery and its ambition to reach up to 2 million bpd by 2027. S&P analysis highlights that while Libyan output reached a 12-year high in mid-2025, the sector remains sensitive to political volatility, underscoring the importance of resilient infrastructure and long-term investment frameworks. Meanwhile, Quidux – formed in 2020 – is a boutique advisory firm specialising in the Libyan energy market. The firm provides analytical and strategic advisory services to public and private institutions.

Recent upstream momentum in Libya includes the resumption of exploration and drilling by international majors such as Eni and bp in the Ghadames Basin, Repsol in the Murzuq Basin, and renewed commitments by TotalEnergies, OMV and others. Gas development is also gaining strategic importance, with major projects aimed at strengthening domestic supply and exports to Europe, including via the GreenStream pipeline to Italy.

“The participation of analysts and advisory experts from S&P Global Commodity Insights and Quidux Consulting reflects the growing demand for high-quality data, insight and strategic guidance as Libya reopens its upstream sector,” states James Chester, CEO, Energy Capital & Power.

LEES 2026 will convene government stakeholders, national and international oil companies, investors and service providers to examine Libya’s production outlook, licensing strategy and infrastructure pipelines. The summit offers a platform for dialogue, partnerships and deal-making in one of Africa’s most significant hydrocarbon markets.

For more information visit www.LibyaSummit.com

Glenfarne Alaska LNG, LLC, majority owner and developer of the Alaska LNG Project, and Donlin Gold LLC, the developer of the Donlin Gold mine owned by NOVAGOLD RESOURCES INC.and Paulson Advisers LLC, have announced that the companies have signed a non-binding Letter of Intent for natural gas supply from the Alaska LNG Pipeline and the development of the infrastructure needed to deliver the gas and power the mine.

Infrastructure Development Partnership

Under the LOI, the companies will work to formalise a potential natural gas sales agreement for up to 50 million cubic feet of natural gas per day and also cooperate on the most effective method for development and construction of an approximately 315-mile-long natural gas pipeline from Southcentral Alaska to the Donlin Gold mine in Southwest Alaska and a power plant to supply electricity to the mine.

Adam Prestidge, president of Glenfarne Alaska LNG, said: “Alaska LNG offers abundant low-cost natural gas that will enhance the economics and facilitate development of energy-intensive mining projects in Alaska. We have great confidence in the future success of Donlin following the significant investment by Paulson. Adding a foundational customer like Donlin Gold, one of the largest known undeveloped gold deposits in the world, to Alaska LNG provides significant volume discount benefits that will result in lower energy costs for Alaska consumers. As we continue to bring on more pipeline customers, the cost of gas for Alaskans will continue to go down.”

John Paulson, President of Paulson, said: “A reliable, secure supply of economic natural gas from Alaska LNG has the potential to substantially enhance our ability to unlock value and upside potential in Donlin Gold. Glenfarne’s global energy experience is well suited to provide a long-term turnkey energy solution that helps advance this opportunity.”

Greg Lang, NOVAGOLD’s president and CEO, said: “As Donlin moves into what we hope to be the largest single gold mine in the United States, natural gas from Alaska LNG could offer significant benefits not only for the mine, but for the entire Southwestern Alaska region. We look forward to working with Glenfarne to unlock the value of both of these world-class Alaskan resources: Donlin Gold and Alaska LNG.”

Alaska LNG Project Development

Glenfarne is developing Alaska LNG in two financially independent phases to accelerate project execution. Phase One consists of a 765-mile, 42-inch pipeline to transport natural gas from Alaska’s North Slope to meet Alaska’s domestic energy needs. Phase Two will add the LNG terminal and related infrastructure to export 20 million tonnes per annum of LNG.

Glenfarne is the owner and operator of 60 energy assets globally, with 11 offices in eight countries across four continents, including gas, solar, battery, hydro and wind projects, and a North American LNG portfolio under development for 32.8 MTPA of LNG per year.

Glenfarne became lead developer of Alaska LNG in March 2025. Since then, Glenfarne has secured preliminary commercial commitments with leading LNG buyers in Japan, Korea, Taiwan and Thailand for 11 MTPA of LNG, and strategic partnerships that also include Baker Hughes and POSCO International. Glenfarne owns 75 percent of Alaska LNG and the Alaska Gasline Development Corporation owns 25 percent.

For more information visit www.glenfarnegroup.com

Trafigura Group Pte Ltd., a market leader in the global commodities industry, has appointed Jane Kilmartin as chief information officer (CIO), a newly created role. Kilmartin is based in Geneva.

Extensive Technology Leadership Experience

Kilmartin brings over 15 years of experience in information technology across complex, global energy and commodities businesses. She joins Trafigura from Alpiq, where she served as Group CIO. Prior to joining Alpiq in 2023, Kilmartin spent eight years at Cargill as CIO for the Agriculture Supply Chain, leading IT strategies across Energy, Transportation & Metals, and Financial Services. Before Cargill, she held senior leadership roles at RWE, including managing director RWE IT (UK) and CIO of NPower.

In her new role, Kilmartin will lead the Group’s technology strategy, overseeing technology functions including Trading IT, the Digital Transformation Team, Data Science and Engineering, Risk IT, IT Infrastructure and IT Security.

Driving Digital Innovation

Jane Kilmartin said: “I am delighted to be joining Trafigura at this exciting time for the business and the industry. Technological innovation is transforming the commodities sector, and I look forward to working with my new colleagues to enhance Trafigura’s digital capabilities and drive innovation.”

Richard Holtum, chief executive officer of Trafigura, commented: “I am pleased to welcome Jane to Trafigura. Jane’s extensive experience leading technology transformation across complex, global commodity and energy businesses will be instrumental as we continue to invest in our digital capabilities and data-driven solutions to become a simpler, smarter and sharper organisation.”

For more information visit www.trafigura.com

Sandborn has announced the opening of a new manufacturing facility in Spring, Texas, marking a significant milestone in the company’s continued growth and its commitment to serving customers across North America.

The 15,000-square-foot facility represents a major expansion of Sandborn’s U.S. manufacturing footprint and replicates the full production capabilities of its established Nisku operations. Purpose-built to support efficiency, quality, and scalability, the Texas facility enhances Sandborn’s ability to deliver reliable floating roof solutions while maintaining the high standards customers have come to expect.

Built for Capability and Consistency

The Spring facility is fully equipped to support end-to-end manufacturing and module production. Key capabilities include a new laser cutting table for precision fabrication, a CNC press brake to ensure consistent forming and tight tolerances, and full module production to support complex floating roof and seal assemblies.

By duplicating the core capabilities of its Nisku operation, Sandborn ensures consistency in design, manufacturing processes, and quality control across all projects, regardless of production location.

Supporting a Growing Customer Base

The expansion strengthens Sandborn’s ability to support its growing customer base throughout the United States and beyond. Manufacturing closer to customers and project sites reduces delivery times, improves logistics efficiency, and enables faster responses to project requirements.

In addition, the Texas facility provides increased flexibility when navigating cross-border trade and tariff considerations, helping projects move forward with greater cost certainty and fewer delays.

Strategic Location, Long-Term Vision

Spring, Texas offers a strategic advantage due to its proximity to major energy and industrial hubs, established transportation networks, and a skilled workforce. Establishing operations in Texas aligns with Sandborn’s long-term strategy of supporting customers where they operate while continuing to invest in infrastructure that enables sustainable growth.

The facility is designed not only to increase production capacity, but also to build operational resilience as demand for floating roof systems continues to evolve.

Looking Ahead

The opening of the Spring facility represents more than an expansion of physical space—it reflects Sandborn’s ongoing commitment to engineering excellence, manufacturing reliability, and responsive customer support. As the company continues to grow, its focus remains on delivering high-quality floating roof solutions backed by strong manufacturing capabilities and dependable service.

With this new facility, Sandborn is well positioned to support projects across the United States with greater speed, flexibility, and confidence.

For more information visit www.sandbornroofs-seals.com

In a significant development, Ivens is excited to announce that the company has been awarded a new project for EVOS Malta. This achievement marks another crucial milestone for Ivens and is a strong testament to the company’s exceptional expertise and capabilities in the industry.

The collaboration with EVOS Malta represents not only a promising new venture but also a renewed vote of confidence in Ivens’ ability to deliver top-tier solutions. This partnership underscores the company’s commitment to excellence and solidifies its reputation as a trusted partner in the industry.

The announcement has been met with enthusiasm, as Ivens expresses its deep gratitude towards EVOS for the trust placed in their team. “We would like to sincerely thank EVOS for their belief in Ivens and for giving us the opportunity to work on this exciting project,” said the Ivens team in a statement. “We are confident that, together with all stakeholders involved, we can turn this project into a resounding success.”

At the heart of this collaboration is a shared commitment to technical excellence, innovative solutions, and effective teamwork. Ivens is fully prepared to embark on the next phase of this project, focusing on delivering quality results that exceed expectations. With every step, Ivens aims to demonstrate that success is best built together, with a unified approach and dedication to delivering the highest standards.

As the project gets underway, the Ivens team remains enthusiastic and driven by the shared goal of making this partnership a shining example of success. The company’s core values of commitment, collaboration, and technical prowess are guiding every stage of the project, and they are eager to see it through to its successful realisation.

This is just the beginning of an exciting journey, and Ivens looks forward to making a lasting impact alongside its partners. Together as one, Ivens and EVOS Malta are set to achieve great things.

For more information visit www.ivensgroup.com

The African Export–Import Bank (Afreximbank) has provided a USD 64 million Acquisition Finance Facility to Levene Energy Development Limited to support its equity commitment to Bluecore Gas Infraco Limited, the acquiring entity for a 30 percent stake in Axxela Limited. Axxela is one of West Africa’s leading gas and power infrastructure companies, and the transaction gives Levene Energy direct exposure to Nigeria’s regulated midstream and downstream gas sectors.

The investment represents a major strategic milestone for Levene Energy, marking a diversification away from its traditional focus on oil and refined petroleum products trading into long-term, infrastructure-backed earnings. The move aligns with Levene Energy’s objective of becoming a fully integrated energy company with recurring revenue streams anchored in critical energy infrastructure.

In addition to its commercial importance, the transaction supports regional energy transition goals by expanding access to natural gas across West Africa. Axxela is positioned as a key enabler of Nigeria’s energy transition through its investments in gas infrastructure, power generation and cleaner energy solutions. With a strong project pipeline, established regional partnerships and a restructured business model, Axxela is expected to drive sustainable growth and deepen its impact across the region’s energy landscape.

Afreximbank described the financing as aligned with its strategic priorities under its Leadership in Global Trade Banking, Intra-African Trade and Industrialisation pillars. The Bank highlighted that the transaction reflects its commitment to mobilising private sector investment into critical infrastructure, strengthening energy security across Africa and reinforcing regional value chains in the oil and gas sector, while also supporting the transition to cleaner energy sources.

Levene Energy noted that the facility is a catalyst for its strategic expansion beyond commodity trading into renewable energy, such as solar power, and now into the core of West Africa’s gas and power infrastructure. The company said the financing validates its long-term vision and underscores the importance of resilient, locally owned infrastructure as a foundation for sustainable economic development across the continent.

The partnership between Afreximbank and Levene Energy began in 2019 with trade finance facilities and has since evolved into a broader strategic collaboration. This latest transaction reflects Levene Energy’s transformation from a downstream operator into a pan-African energy trader and, most recently, a gas infrastructure investor.

For more information visit www.Afreximbank.com or www.leveneenergy.com

Africa stands at a critical crossroads in its energy journey. Despite being home to some of the world’s fastest-growing economies and richest energy resources, more than 600 million people across the continent still lack access to reliable electricity. At the same time, constrained grids, aging infrastructure and limited access to affordable finance continue to hold back industrialisation, job creation and economic growth.

Closing Africa’s energy gap will require more than ambition and policy commitments — it will require capital mobilisation at scale, effective risk mitigation, and platforms that can convert projects into bankable, investable opportunities. This is where Africa Energy Indaba plays a pivotal role.

As a leading energy investment and deal-making platform for the continent, Africa Energy Indaba brings together governments, development finance institutions (DFIs), private equity, commercial banks, project developers, EPCs and technology providers with a shared objective: to unlock capital and accelerate the delivery of energy infrastructure across Africa.

Mobilising Capital for Africa’s Energy Future

Africa’s annual energy and infrastructure funding gap is estimated to run into the hundreds of billions of dollars. While global capital is available, investors continue to face challenges related to project preparation, regulatory uncertainty, currency risk, and limited creditworthiness of off-takers. Africa Energy Indaba directly addresses these challenges by creating a focused environment where policy, capital and projects intersect.

The Indaba’s programme is deliberately structured around investment readiness and bankability, featuring high-level ministerial dialogues, investor forums, project showcases and closed-door meetings. This enables stakeholders to engage meaningfully on project structuring, blended finance, guarantees, and risk-sharing mechanisms that are critical to unlocking funding.

Rather than being a purely theoretical discussion forum, Africa Energy Indaba is designed to support the entire project lifecycle — from early-stage development and regulatory engagement, through to financing, construction and implementation.

A Platform Designed for Deal-Making

What differentiates Africa Energy Indaba is its strong emphasis on outcomes. The event has evolved into a trusted space where serious investors and credible project sponsors meet with decision-makers who have the authority to move projects forward.

Through curated investor engagement, the Indaba facilitates introductions between developers and DFIs, private equity funds and commercial lenders, while also enabling governments to present national project pipelines and reform initiatives. This approach ensures discussions are grounded in real opportunities, not abstract concepts.

Energy sectors featured at the Indaba span the full value chain, including grid-scale power generation, transmission and distribution, gas-to-power, renewables, energy storage, grid modernisation, industrial power solutions and emerging energy technologies. By reflecting Africa’s diverse energy realities, the Indaba supports pragmatic solutions that balance energy security, affordability and sustainability.

Aligning Policy, Capital and Infrastructure

Governments play a central role in creating the conditions necessary for investment, and Africa Energy Indaba provides a neutral platform for transparent dialogue between public and private stakeholders. Ministers and senior officials use the Indaba to outline policy reforms, regulatory frameworks and national energy strategies, while investors and financiers provide feedback on what is required to unlock capital at scale.

This two-way engagement is critical in closing the disconnect that often exists between policy intent and investor expectations. By fostering open, solution-oriented discussions, Africa Energy Indaba helps bridge this gap and accelerate project development timelines.

The co-location of Infrastructure Africa alongside Africa Energy Indaba further strengthens this value proposition, recognising that energy investment does not exist in isolation. Power generation and grid development are intrinsically linked to transport, logistics, water, digital and industrial infrastructure. Together, the two platforms create a single convening point for cross-sector investment and integrated infrastructure planning.

Delivering Impact Beyond the Event

Africa Energy Indaba’s influence extends beyond the conference floor. Relationships formed, projects introduced and deals initiated at the Indaba continue to progress long after the event concludes. This sustained engagement has positioned the Indaba as a trusted annual meeting point for Africa’s energy investment community.

As Africa accelerates efforts to expand access, modernise grids and transition towards more sustainable energy systems, the need for effective investment platforms has never been greater. Africa Energy Indaba stands at the centre of this effort — unlocking capital, enabling partnerships and turning Africa’s energy ambitions into bankable realities.

For more information visit www.africaenergyindaba.com

Storm Goretti is already impacting Europe, bringing a combination of freezing temperatures, snow, ice and strong winds across key industrial regions. While transport disruption and power outages dominate headlines, the most serious risks are being felt quietly across hazardous area industrial sites where temperature control is fundamental to safe operation.

For industries such as oil and gas, petrochemical processing, offshore production, terminals, tank farms and chemical manufacturing, Storm Goretti represents not simply a weather event but a direct threat to flow assurance, safety compliance, asset integrity and production continuity.

What Is Storm Goretti?

Storm Goretti is a powerful winter storm system that developed over the North Atlantic before intensifying as it moved into Western Europe. Meteorological agencies have issued widespread warnings for sub-zero temperatures, heavy snowfall, freezing rain and strong winds, with conditions expected to deteriorate rapidly in some regions.

What makes Storm Goretti particularly disruptive is not just the snowfall or wind, but the speed at which temperatures are dropping. Sudden cold snaps place significant thermal stress on industrial systems that rely on controlled heat input to remain operational.

For hazardous area sites, these conditions create a convergence of risks for freezing, solidification, instrumentation failure and emergency shutdowns.

Why Cold Weather Is a Major Industrial Risk

In hazardous environments, temperature is not simply a comfort issue – it is a critical process variable. Many fluids, chemicals and gases behave very differently as temperatures fall:

• Hydrocarbons become more viscous or gel
• Chemicals crystallize or solidify
• Condensation freezes inside lines and instruments
• Elastomers and seals lose flexibility

Without active temperature maintenance, these changes can lead to blocked pipelines, seized valves, damaged pumps and false instrument readings – all of which can trigger safety trips or forced shutdowns.

Impact on Hazardous Area Industries

Oil & Gas – Onshore, Offshore & Terminals

Oil and gas assets are especially exposed during extreme cold. Storm Goretti increases the risk of pipeline and valve freeze-ups; reduced flow rates and pressure instability; heat exchanger efficiency loss due to icing; and instrument air and impulse line freezing.

On offshore platforms and remote assets, access restrictions caused by weather make rapid intervention difficult, increasing reliance on permanently installed trace heating and hazardous area heaters.

Petrochemical & Chemical Processing

Many chemical processes operate within tight temperature windows. Cold ingress during storms can cause feedstock temperature dropping below reaction limits; increased viscosity leading to pump overload; batch quality issues or scrapped product; and extended restart times after shutdown.

Tank Farms, Drum Storage & Loading Operations

Bulk storage and transfer operations face increased challenges as temperatures fall. Drums and IBCs stored outdoors cool rapidly; loading arms and hoses freeze between transfers; and mobile operations become difficult or unsafe.

Common Failure Modes During Extreme Cold Events

Common failure modes include frozen pipework and valves requiring controlled thawing; unplanned production shutdowns due to process trips; ATEX compliance risks if uncertified heaters are introduced in emergencies; asset damage caused by thermal shock or ice expansion; and extended restart timelines once materials solidify.

Crucially, many sites only discover these vulnerabilities after temperatures have dropped. By that point, options are limited and downtime is already unavoidable.

Heating & Temperature Control Solutions for Storm Conditions

Thorne & Derrick International specializes in engineered heating solutions for hazardous areas, designed to maintain safe operating temperatures during extreme winter weather events such as Storm Goretti.

Typical mitigation strategies include ATEX and IECEx certified air heaters for plant rooms, enclosures and temporary work areas; electrical trace heating for pipelines, valves, manifolds and tanks; drum and IBC heaters to maintain product viscosity and prevent solidification; and heated hoses for safe, flexible transfer of temperature-sensitive fluids.

All equipment is selected to meet the required zone classification, temperature class (T-class), ingress protection and duty cycle.

Hazardous Area Heater Safety Requirements

Critical safety considerations include ATEX/IECEx certification verification; correct temperature class (T3/T4); no exposed ignition sources; anti-static, corrosion-resistant construction; ingress protection suitable for offshore use; and thermal cut-out and over-temperature protection.

Urgent Actions for Site Operators

Storm Goretti represents a current rather than future risk. Sites that delay preparation risk being forced into shutdowns rather than making controlled decisions.

Recommended immediate actions include auditing existing trace heating and space heating systems; identifying unprotected or marginal assets; and deploying certified hazardous area heaters before access becomes restricted.

For more information visit www.thorneandderrick.com

The Association for Materials Protection and Performance, the global authority in materials protection and performance, has reached a significant organisational milestone with 40,000 members worldwide, underscoring the growing demand for technical expertise, standards, and professional connections across the corrosion and protective coatings industries.

This milestone reflects AMPP’s continued global growth and its role in supporting professionals who protect critical infrastructure, industrial assets, and the built environment every day. AMPP members play an active role in shaping the association’s technical direction—convening at conferences, contributing to standards and publications, and advancing industry priorities through collaboration and advocacy.

“Reaching 40,000 members is a powerful signal of the value this community delivers to industry and society,” said AMPP CEO Alan Thomas. “Our members are the reason AMPP exists. By working together toward shared goals, they advance safety, reliability, and performance across infrastructure systems worldwide. This milestone represents not just growth, but the collective impact our members make every day.”

AMPP’s membership growth has been especially strong internationally, driven by expanding chapter engagement, student participation, and access to globally relevant standards, training, and certification pathways.

“Our members don’t just belong to AMPP—they actively shape the organisation and the industry,” said Rebecca Griebe, senior director of User Experience at AMPP. “From developing standards and serving as instructors and volunteers to mentoring students and sharing field expertise, members are at the centre of everything we do. Their daily work strengthens asset integrity, improves performance, and elevates professional practice worldwide.”

Member Impact and Organisational Growth Highlights
AMPP’s growth to 40,000 members is supported by continued investment in member value and global engagement, including:

1. Restored access to all current AMPP standards for members, reinforcing AMPP’s commitment to technical excellence and knowledge sharing.
2. 180 AMPP chapters worldwide, including 124 professional chapters and 56 student chapters, supporting local engagement and leadership development.
3. Significant international chapter growth, including the AMPP Gujarat Student Chapter in India, which recently surpassed 550 members.
4. Member-driven conferences and technical events, including the AMPP Annual Conference + Expo, where thousands of professionals convene annually to share expertise, advance standards, and shape the future of the industry.
5. Expanded advocacy and technical engagement in critical sectors, including maritime and defence, where AMPP members are helping address workforce needs, asset protection challenges, and evolving industry standards.
6. The launch of the AMPP Knowledge Hub, providing members with access to more than 80 years of trusted technical content—much of it created, reviewed, and maintained by AMPP members

Ongoing expansion of training, certification, and professional development programmes supporting workforce development across multiple industries.

AMPP continues to unite professionals from around the world under a single organisation dedicated to protecting assets, advancing performance, and supporting the people who make that work possible.

For more information visit www.ampp.org

The Beaumont New Ammonia facility, located in southeast Texas, has produced its first ammonia following the completion of systems testing, representing the first phase of operations commissioning of the facility. Commercial production of ammonia from BNA is expected to begin following handover to Woodside Energy (“Woodside”) from OCI Global in early 2026. Production of lower-carbon ammonia is targeted to start in the second half of 2026.

Strong Customer Demand

Demand for lower-carbon ammonia continues to develop globally, with strong interest from customers in Europe and Asia as they pursue energy security and decarbonisation objectives. Woodside has also finalised agreements with leading global customers to supply significant volumes of conventional ammonia from the BNA facility.

Deliveries will commence in 2026 and continue through year-end, under contracts that reflect prevailing market prices. Additional agreements are being advanced to align with expected BNA output, including for lower-carbon ammonia.

Commissioning Progress

Kellyanne Lochan, Woodside vice president of Beaumont New Ammonia, said: “We are pleased with the results of the commissioning and systems testing completed to date. These outcomes confirm the facility’s production readiness and our ability to move toward commercial start-up following handover. This milestone also reflects the disciplined work of both the OCI and Woodside teams.”

In the lead-up to handover, the project will continue with additional verification, performance testing and operational preparedness activities. OCI and Woodside remain focused on ensuring the facility safely and efficiently enters full operations, in line with regulatory and contractual requirements.

Strategic Capacity

BNA has a production capacity of 1.1 million tonnes per annum and is designed to support growing demand for ammonia, lower-carbon ammonia and hydrogen-adjacent products. Once operational, BNA has the potential to approximately double U.S. ammonia exports, contributing to regional economic growth and supporting American energy leadership.

For more information visit www.woodside.com 

Pattern Energy Group, a leader in clean energy and transmission infrastructure, and Cordelio Power have announced a definitive agreement under which Pattern Energy will acquire Cordelio Power, an independent power producer operating in Canada and the United States. The acquisition will expand one of the largest independent clean energy infrastructure platforms in North America.

The transaction marks a significant step in Pattern Energy’s growth strategy as it seeks to meet rapidly increasing energy demand across the continent. According to Pattern Energy CEO Hunter Armistead, the acquisition represents a new chapter for the company, strengthening its ability to deliver long-term, affordable and dependable energy infrastructure. He noted that Cordelio brings a complementary portfolio of high-quality assets in attractive markets, supported by an experienced team, and that the transaction will enhance Pattern Energy’s presence and product offerings in both the United States and Canada.

As part of the agreement, Pattern Energy will acquire a 1,550-megawatt portfolio of operating and in-construction assets from Cordelio, comprising 16 wind, solar and storage projects across Canada and the United States. Pattern Energy will also acquire the majority of Cordelio’s wind and storage development projects in key target markets in the United States, along with Cordelio’s team.

Cordelio Power CEO Chris Hind said the two companies share a commitment to responsible development and to the communities in which they operate. He added that joining Pattern Energy will enable the combined organisation to deliver high-quality projects with expanded product offerings to customers across a broader range of markets.

Together, Pattern Energy and Cordelio Power will bring increased scale and operational depth, which are seen as essential for delivering complex clean energy projects reliably and efficiently in the current market environment.

Bill Rogers, MD and head of sustainable energies at Canada Pension Plan Investment Board (CPP Investments), described the acquisition as a logical next step in strengthening a leading clean energy business. He said the combination of complementary teams and portfolios positions the company to compete more effectively, accelerate growth, and meet growing energy demand across North America, while continuing to generate long-term value for the CPP Fund.

Evercore Group L.L.C. acted as exclusive financial advisor to Pattern Energy, with Skadden, Arps, Slate, Meagher & Flom LLP and Osler, Hoskin & Harcourt LLP serving as legal counsel. JPMorgan acted as financial advisor to Cordelio Power.

The transaction is expected to close in the first quarter of 2026, subject to customary regulatory approvals. Cordelio Power is wholly owned by CPP Investments, which is also the majority shareholder of Pattern Energy. Upon closing, this share-based transaction will increase CPP Investments’ ownership stake in Pattern Energy.

For more information visit www.patternenergy.com

Energy Transfer LP has announced its outlook for capital investment and earnings estimates for full-year 2026.

Growth Capital Expenditures

In 2026, Energy Transfer expects to invest $5.0 billion to $5.5 billion in growth capital, primarily on projects enhancing its natural gas network.

Energy Transfer is uniquely positioned to capture numerous opportunities in the current market given its nationwide natural gas gathering and transportation franchise and strong financial position. The strategic expansions are supported by long-term commitments with targeted returns in the mid-teens (sub-6.0x EBITDA build multiples). Energy Transfer’s growth capital excludes affiliates Sunoco LP and USA Compression Partners, LP.

Disciplined Growth Strategy

Energy Transfer remains focused on disciplined growth and expects to maintain its leverage target, as calculated by all three primary rating agencies, of 4.0 to 4.5 times EBITDA during this period of meaningful investment opportunities. Given the range of potential projects, the Partnership remains focused on disciplined growth, allocating capital to projects that are expected to generate the highest returns while balancing project risks.

Earnings Outlook

Energy Transfer expects continued growth in 2026 and to generate between $17.3 billion and $17.7 billion of consolidated Adjusted EBITDA, which includes SUN and USAC. Significant new projects are expected to ramp up and/or come on-line in 2026 including the Nederland Flexport NGL expansion, Mustang Draw I and Mustang Draw II processing plants in the Permian Basin, Hugh Brinson Pipeline Phase I, NGL projects on the Lone Star Express and Gateway Pipelines, and natural gas pipeline projects serving data centre facilities in Texas.

Cash Distribution Strategy

Over the past three years, Energy Transfer has returned more than 50 percent of its annual cash flow each year to its unitholders through cash distributions. The Partnership expects to continue to target a long-term annual distribution growth rate of 3 to 5 percent. Cash distributions are supported by a growing asset base with exceptional product and geographic diversity with balanced earnings contributions from its nationwide network of natural gas, NGL and crude oil assets.

For more information visit www.energytransfer.com

CB&I has announced that it has entered into a definitive agreement to acquire Petrofac’s Asset Solutions business, a leading provider of operations, maintenance, and decommissioning services for onshore and offshore energy assets. The transaction strengthens CB&I’s portfolio by adding a complementary reimbursable contracting model that delivers more predictable cash flow while enhancing the company’s service capabilities. The acquisition also supports CB&I’s strategy to diversify into integrated services, deepen customer relationships, and expand its presence in international markets.

“Asset Solutions’ leadership has demonstrated a strong commitment to operational excellence, customer service, and resilience in challenging conditions,” said Mark Butts, president and chief executive officer of CB&I. “Our companies share aligned management philosophies and industry-leading safety performance. This combination provides cultural alignment, diversification benefits, and clear opportunities to enhance performance while generating stable cash flow, supporting CB&I’s long-term growth objectives.”

The acquisition will diversify CB&I’s revenue streams through a reimbursable contracting model that reduces exposure to market cyclicality and broadens the company’s offerings beyond its traditional lump-sum EPC portfolio.

John Pearson, chief operating officer of Petrofac Asset Solutions, said the transaction positions the business for continued success. “This opportunity allows us to focus on our core strengths, reinforce critical customer relationships, stabilise our supply base, and deliver operational excellence for both current and future projects. Our operational and engineering expertise enables high-value growth opportunities, and our cultural compatibility with CB&I supports a smooth integration.”

Following completion of the transaction, CB&I will operate through two global business units: CB&I Asset Solutions, headquartered in Aberdeen, Scotland, and CB&I Storage Solutions, based in The Woodlands, Texas. Each unit will retain delivery accountability while leveraging CB&I’s corporate functions for strategic alignment, business support, and special initiatives.

James Bennett, senior managing director at Teneo and Joint Administrator of Petrofac Limited, said the transaction represents a positive outcome for the business. “After a rigorous process to identify the best future for Petrofac’s Asset Solutions business, this agreement secures the continuity of operations and preserves the roles of many highly skilled employees. Asset Solutions has a strong future within CB&I, supported by operational alignment and a complementary geographic footprint.”

Completion of the transaction remains subject to customary closing conditions, including approval from certain secured and unsecured creditors of the Asset Solutions business, which is expected by the end of January 2026.

Approximately 3,000 Petrofac employees are expected to join CB&I upon closing, which is anticipated to occur in the first quarter of 2026.

For more information visit www.cbi.com

International engineering consultancy Penspen has announced the launch of THEIA Pockets™, a powerful new coding capability within its digital pipeline integrity management platform, THEIA, designed to help integrity teams build and use custom analytics more easily.

THEIA Pockets™ gives integrity engineers and developers a secure space to create, run and visualise their own analysis scripts – called “Pockets” – directly inside THEIA’s existing secure, traceable digital environment. That means teams can apply the calculations and methods that fit their specific assets and integrity challenges, while keeping data, results and decision-making in one governed platform.

Image:Louise O’Sullivan, managing director, THEIA

In many organisations, integrity data and engineering calculations still sit across spreadsheets, personal drives and disconnected tools – making them hard to find, hard to repeat and difficult to scale across teams. THEIA Pockets™ brings those calculations and datasets together so engineering teams can collaborate, standardise methods and move faster.

Louise O’Sullivan, managing director, THEIA, said: “Across our industry, standards, methodologies and data are everywhere, yet the integrity information and engineering code engineers rely on is often scattered, ungoverned and difficult to scale. Even as more teams adopt digital tools and write their own Python scripts, those codes and data sets too often sit in isolation – making it harder to collaborate, optimise and innovate.

“There’s a new generation of integrity engineers who don’t want to work in spreadsheets – they’re code-savvy, and many are already proficient in Python and artificial intelligence by the time they’ve graduated. THEIA Pockets™ gives them a secure, governed place to build, run and share their own calculations, so engineers and developers can experiment and innovate with confidence inside one digital platform.
“Until now, they haven’t had a reliable way to do that at scale, and that’s what THEIA Pockets™ delivers. Our vision is an ‘app store’ for engineering analytics.”

THEIA Pockets™ is designed to support collaboration across engineering and development teams – and across industry – by making it easy to create, share and standardise analytical methods across assets, regions and disciplines. Every Pocket runs on THEIA’s ISO 27001:2022-accredited data engine, helping ensure outputs are consistent, traceable and ready to support operational decisions.

“For years, clients have asked us: ‘We love THEIA’s analysis – can we adapt it to the calculations we use?’ With THEIA Pockets™, engineers have more control over how they use their data, so they can get exactly what they need to support integrity planning,” O’Sullivan explained.

“The value of THEIA has always been consolidating myriad data and platforms into one secure environment that allows engineers to visualise their data in whatever format they wish to drive decision making. With THEIA Pockets™, there’s now no limitation on the analyses they can run – it can be completely tailored to their operations, whilst still retaining the flexibility and advanced visualisation THEIA offers.”

For more information visit www.penspen.com

Scully Signal Company recently obtained approval for the Mobile Truck Tester (MTT) to be used in Hazardous Environments—a feature required when used in loading lanes of petroleum terminals, and in many global regions. The accompanying user-friendly app received upgrades as well, with new functionality including test report generation, backup and restore capability, and global real-time clock adjustments among several other enhancements.

The MTT provides an intuitive, single-operator solution for troubleshooting and validating tank truck overfill, grounding, and vehicle identification systems prior to loading.

Some key capabilities of Scully’s Mobile Truck Tester include:

• Comprehensive testing for overfi­ll, ground verifi­cation, and truck identi­fication systems.
• Versatility making it ideal for tank truck carriers, independent repair shops, and terminal managers.
• Single person operation allows users the ability to conduct wet tests solo with a phone or tablet.
• Truck ID is easily accessible available on the tester or the app.
• Single sensor or sensor holder testing through the socket adapter and wire harness.

When paired with the app, the MTT offers added automation to streamline troubleshooting, documentation, and maintenance. Key app capabilities include:

• Test Report Results: A simple table of single or aggregated test results that can be shared.
• Archive Test Results: Store test logs per truck ID, customer, or work order for historical reference.
• Advance Fault Notifications: Detailed failure modes are listed during wet test, allowing for quick repairs.
• User-Friendly Digital Application: The first-of-its-kind application in the industry is intuitive, easy to use, and supported on IOS and Android devices.

“The Mobile Truck Tester has been widely adopted by repair shops and fleet technicians because it is simple, ergonomic, and built for true single-person operation,” says Dani Alkalay, Director of Product Marketing at Scully. “Achieving hazardous area approval opens new opportunities for use at petroleum terminals and other global facilities requiring these safety standards.”

The MTT Kit expands Scully’s portfolio of overfill prevention and safety technologies and continues the company’s 90-year legacy of engineering innovation.

To learn more visit www.scully.com

Continental Resources has announced it has signed an Assets Sale and Purchase Agreement with Pan American Energy to acquire certain non-operating interests in four blocks located within the Vaca Muerta shale play in Argentina’s Neuquén Basin.

Proven Track Record in Unconventional Development

For decades, Continental has been a pioneer in unconventional resource development across the United States. With daily production reaching 500,000 BOEPD in 2025, nearly 3 billion barrels equivalent of captured resources and more than 5,200 operated wells, the company’s track record is defined by technological innovation, operational discipline and financial stewardship. That legacy positions Continental well as it evaluates global opportunities, including Argentina’s Vaca Muerta—a world-class shale resource that aligns exceptionally well with Continental’s technical strengths and history of innovation.

In November, Continental signed a Sale and Purchase Agreement with another Argentine producer, subject to closing conditions, to acquire operated interests in the Los Toldos II Oeste block. Continental now expands its presence in Argentina with this transaction.

Strategic Partnership Approach

Doug Lawler, president & CEO of Continental Resources, said: “Vaca Muerta is one of the most compelling shale plays in the world, and we’re thrilled to continue to invest in Argentina and build Continental’s position through this agreement with Pan American Energy. PAE is a highly capable operator with deep basin experience. We’re eager to learn from PAE and share Continental’s unconventional expertise to advance the Vaca Muerta.”

Continental’s non-operating position with PAE will allow for shared insights across subsurface characterisation, development planning, completion design evolution, operating practices, infrastructure and market pathways.

Marcos Bulgheroni, CEO of Pan American Energy, said: “This strategic relationship with one of the leading independent oil and gas companies in the United States aims to accelerate the development of the four areas in both provinces. As a non-operating owner, Continental will contribute its know-how in de-risking, development and operational efficiency, with the goal of unlocking the enormous unconventional resources our country possesses.”

Building Long-Term Value

This milestone agreement represents a meaningful step forward as Continental continues building momentum in Vaca Muerta through a balanced approach that combines non-operated participation and operated development.

Lawler added: “These recent transactions in Argentina strengthen Continental’s long-term value strategy: participating in world-class resources here and abroad, accelerating basin learning through ongoing development exposure, and applying that knowledge to drive robust results over time. We take a long-term view of resource development, regardless of geography. As I like to say, ‘The rock doesn’t know what country it’s in.'”

For more information visit www.clr.com

Gen2 Energy has received confirmation of a total capacity reservation of 195 MW for its project at Nesbruket in Vefsn municipality.

Of the total capacity, 87 MW has been allocated in the existing power grid. The remaining capacity is subject to planned grid development in the Helgeland region, in which Statnett plays a key role.

Conceptual 3D illustration of a planned liquid hydrogen production facility at Nesbruket in Mosjøen, Norway. Source: Gen2 Energy

First Phase Secured

With this confirmation, the company has secured capacity for the first phase of the project. The facility will be able to produce up to 30 tonnes of liquefied green hydrogen per day. Green hydrogen is a zero-emission fuel that can be used in the maritime sector and other applications, contributing to significant reductions in CO₂ emissions. Over time, production will be scaled up to the full capacity of 195 MW.

Lena Halvari, CEO of Gen2 Energy, said: “This is an important milestone for Gen2 Energy and for the Mosjøen project. We have worked in a focused and systematic manner over time to reach this point, and the capacity reservation provides the predictability we need to move the project forward towards a final investment decision and construction start. The project and the facility will contribute to emission reductions and local value creation, both during construction and once the plant is in operation.”

Maritime Sector Transition

Halvari emphasised that green hydrogen will play a key role in the transition of the maritime sector: “To succeed in reducing emissions in the maritime sector, green hydrogen must be made available at scale. The capacity reservation at Nesbruket is an important step in that direction.”

Significant work has already been carried out in the development of the Nesbruket site. The overall project will be developed and built in phases and is expected to generate increased activity, new jobs and further industrial development in the region.

About Gen2 Energy

Gen2 Energy is a project development company with four locations along the Norwegian coast. The company has a total portfolio of 995 MW and is working to establish a complete hydrogen value chain, primarily targeting the maritime sector. Realisation of the company’s projects can enable a substantial contribution to emission reductions in Norwegian shipping and support Norway’s and the EU’s climate targets.

Gen2 Energy expressed its sincere thanks to Mosjøen og Omegn Næringsselskap (MON) and Vefsn municipality for their strong and constructive collaboration. The company looks forward to continued development together with all involved parties, and to working even more closely with Linea and Helgeland Kraft towards realisation of the project.

For more information visit www.gen2energy.com

Gas network operator Open Grid Europe GmbH and HES Wilhelmshaven Tank Terminal GmbH have signed an agreement for an option to connect to the hydrogen network of the Wilhelmshaven Coastal Line. With this step, HES Wilhelmshaven Terminal GmbH is enabling the import of hydrogen and hydrogen derivatives, playing an important role in Germany’s energy transition, while also providing the WKL with the option to connect to multiple companies in the region.

German Hydrogen Backbone Infrastructure

The WKL is part of the German hydrogen backbone. OGE received the mandate from the Federal Network Agency and the German government in October 2024 to construct main sections of the hydrogen backbone. This network will connect import facilities in northern Germany with consumers of hydrogen. The WKL and the North Sea-Ruhr Link form the central pipelines for transporting hydrogen from the north to the west of Germany. Construction of these pipelines is scheduled to start in 2026, with commissioning planned for end of 2027.

Coen Janssen, managing director of HES Wilhelmshaven Tank Terminal, stated: “HES Wilhelmshaven is transitioning into a New Energies Hub. Enabling hydrogen delivery into Germany is a key part of our strategy and therefore we are pleased to have secured the option to connect to the WKL network.”

Strategic New Energies Hub

By signing the agreement, HES International is investing in its role as Germany’s new energies hub, which includes importing hydrogen and hydrogen carriers, exporting CO₂ as part of the CCS value chain from hard-to-abate sectors, electrification and the production of e-fuels such as e-SAF.

For more information visit www.hesinternational.eu

DeanHouston is pleased to announce the launch of its Sales + Marketing Trend Report Survey. This comprehensive research project delves into the latest developments in the B2B sales and marketing industry. Participants in this survey will have the opportunity to contribute their expertise and gain valuable insights from fellow professionals in the field.

Are other leaders in your industry facing the same challenges as you? What tools are they using to meet those challenges head-on, and should you be using them too?

Sales, marketing and executive leaders in highly technical markets – such as food processing, retail fuelling, automotive, life sciences, biopharmaceutical, and clean energy – can now get answers to these questions and more, thanks to a new survey launching this month.

The Sales + Marketing Trend Report Survey will give participants a chance to share their experiences. In turn, anyone who takes the survey will get access to the complete Sales + Marketing Trend Report, packed with emerging trends in commercial strategy, AI implementation, and more, along with actionable insights to improve alignment and performance.

Answers to the survey are completely anonymous, and the results will be analyzed and reported without identifying information so that participants can be honest and transparent.

You can take the 10-minute survey here: deanhouston.com/voice-of-the-industry-survey.

“Even in highly technical markets, meaningful data around sales-marketing alignment and strategy is hard to come by,” said Colton Stombaugh, EVP of Performance Marketing at DeanHouston. “By participating in this study, commercial leaders will not only help define the current commercial landscape of technical and industrial brands, but also gain useful, data-powered insights to guide their strategies moving forward.”

The Sales + Marketing Trend Report Survey comprises three distinct questionnaires tailored for Sales Managers, Marketing Managers, and Cross-Functional Executive Leaders. The questions are designed to be concise and targeted, covering areas such as key trackable metrics, sales-marketing alignment and the use of AI.

The Sales + Marketing Trend Report Survey is now open. To participate and secure your copy of the final report, please visit www.deanhouston.com/voice-of-the-industry-survey

Phillips 66 Limited has agreed to acquire Lindsey Oil Refinery assets and associated infrastructure pending completion subject to satisfaction of closing conditions, including customary regulatory clearances. The announcement follows a bidding process handled by FTI Consulting, who began serving as special managers of the Lindsey Oil Refinery assets after the Official Receiver was appointed liquidator in June 2025.

Integration with Humber Refinery Operations

The company has announced plans to integrate key assets into its Humber Refinery operations. Following a thorough assessment undertaken during the bid process, the company has decided not to restart standalone refinery operations at the Lindsey Oil Refinery. Due to the limitations of its scale, facilities and capabilities, evaluations have shown that the refinery is not viable in its current form.

Once completed, the acquisition and strategic investment will increase the company’s ability to supply the UK market from the Humber Refinery, boost UK energy security and support hundreds of well-paid, high-quality jobs through site operations and future investment. When integrated with the Humber site, the storage and other infrastructure assets will enhance Humber Refinery operations, improve fuel supply to UK customers and drive future growth opportunities for renewable and traditional fuels.

Paul Fursey, Phillips 66 UK lead executive, said: “Agreeing to acquire Lindsey Oil Refinery assets and associated infrastructure marks an important step for Phillips 66 Limited as we continue to invest in the UK’s energy security. We recognise and deeply sympathise with how difficult the closure of the site has been for the workforce and the local community. This sale is the best way forward to secure jobs, bolster the local economy and encourage investment in the region.”

Additional Investment in UK Operations

In addition to today’s announcement and as highlighted in the Phillips 66 capital budget, Phillips 66 Limited is also investing in a multiyear project at its Humber site that will enable production of higher-quality gasoline.

For more information visit www.phillips66.com

Baker Hughes, an energy technology company, has announced a major award from Kuwait Oil Company (KOC) to supply advanced artificial lift systems and associated services aimed at enhancing production across Kuwait’s oil and gas fields.

Under the multi-year agreement, Baker Hughes will provide its portfolio of electrical submersible pumps (ESPs), alongside installation, surveillance, and maintenance services. Performance of the ESPs will be further optimised through the integration of the FusionPro™ intelligent production drive and the Leucipa™ automated field production solution, which are designed to improve operational reliability and reduce nonproductive time.

Amerino Gatti, executive vice president of Oilfield Services & Equipment at Baker Hughes, said the award reflects the long-standing collaboration between the two companies and the role of technology in unlocking additional value from mature assets. Baker Hughes’ artificial lift systems have been deployed in Kuwait’s oilfields for nearly two decades, establishing a strong track record for reliability and efficiency.

The agreement builds on a previous award received in the third quarter, under which Baker Hughes was selected by KOC to deliver advanced wireline and perforation technologies, including Proxima™ advanced logging services. These solutions are intended to enhance reservoir evaluation, optimise production, and improve hydrocarbon recovery.

Baker Hughes has maintained a long-term presence in Kuwait, supporting the country’s energy sector with advanced technologies and services. The company operates a 25,000-square-meter workshop in Kuwait dedicated to equipment testing and failure analysis for artificial lift systems. Earlier this year, Baker Hughes also signed a memorandum of understanding to establish a research and development centre in Ahmadi Innovation Valley, aimed at addressing upstream technology challenges and supporting the development of local expertise.

For more information visit www.bakerhughes.com

IHI Corporation, together with JERA Co., Inc., Mitsubishi Heavy Industries, Ltd., Tohoku University and the Clean Fuel Ammonia Association, has received the Contribution Award under the Fiscal 2025 Division General Awards hosted by the Power and Energy Systems Division of the Japan Society of Mechanical Engineers. The award honors individuals and organisations that have made noteworthy contributions in research, technology development and public-orientated activities in the field of power and energy systems.

Recognition for Demonstration and Standardisation

The award recognises the successful large-scale demonstration test of fuel ammonia conversion (20 percent heat input) conducted in fiscal 2024 at Unit 4 of JERA’s Hekinan Thermal Power Station. The demonstration proved that ammonia firing, an advanced technology that contributes to decarbonisation in thermal power generation, is feasible for commercial application.

Scene from the award ceremony
(second from the left: Ryo Hanaoka, manager, Japanese market G, business development & sales dept, Carbon Solution Business Unit, Resources, Energy & Environment Business Area; fourth from the left: Ryo Nakazawa, manager, Basic Design Group, Life Cycle Management Dept. same SBU)

Furthermore, based on these results, procedures and reporting processes for flue gas performance evaluation tests for large power generation boilers using fuel ammonia were defined and advanced toward international standardisation. This effort was also highly evaluated.

Advancing International Standards

Alongside its work on demonstration testing, IHI is promoting the creation of international rules to ensure the safe use of ammonia as a new fuel. The demonstration results supported the publication of the Technical Specification ISO/TS 21343 (Oil and gas industries including lower carbon energy – Fuel ammonia Requirements – and guidance for boilers for power generation).

IHI will continue contributing to the development of social systems that enable the safe handling of fuel ammonia and will work toward its early and widespread adoption.

Development Path

IHI began development of combustion technology for the use of ammonia as a fuel in the mid-2010s. In fiscal 2017 to 2018, under the Cabinet Office’s Cross-ministerial Strategic Innovation Promotion Program, IHI investigated the feasibility of ammonia firing in existing coal-fired boilers.

From fiscal 2019, with support from NEDO (New Energy and Industrial Technology Development Organization), IHI conducted preliminary studies for demonstration testing through its research and development of multi-burner-compatible ammonia co-firing technology in pulverised-coal-fired boilers.

Building on these outcomes, IHI and JERA began preparing in fiscal 2021 for the 20 percent ammonia firing demonstration at the Hekinan Thermal Power Station. The demonstration at Unit 4 was successfully completed in fiscal 2024 under NEDO’s subsidised project for demonstration research on 20 percent ammonia co-firing in a one-million-kilowatt coal-fired power plant.

For more information visit www.ihi.co.jp

Denso, Inc., a global leader in corrosion prevention and sealing technologies, is proud to highlight Denso’s Viscotaq Precast Structure Sealing System, engineered to deliver a watertight, flexible seal designed to stop liquid, gas, and contaminant infiltration in precast concrete and manhole assemblies. The Viscotaq Precast Sealing System is engineered to combat water intrusion, by sealing seams and joint areas in municipal infrastructure and precast concrete. The system helps preserve structural integrity, extend service life, and significantly reduce long-term maintenance and repair costs.

The system comprises Denso’s Viscotaq line, a visco-elastic, non-shrinking coating, which includes ViscoMastic, ViscoSealant, and ViscoWrap (or optionally Viscotaq EZ Wrap). After cleaning the concrete area, installation of the Viscotaq products can begin. For smooth precast sections, ViscoMastic, a semi-solid polyolefin mastic coating, is applied as a thick bead between concrete sections compressed by the weight of the incoming sections to form a continuous watertight seal. For existing seams and joints, apply ViscoSealant into the void, smooth with a putty knife, and then apply ViscoWrap over the joint.

Viscotaq materials are inherently self-healing, designed with viscosity to provide permanent wetting characteristics and elasticity to offer the strength and feel of a semi-solid, even under stress or settlement. The Viscotaq system requires minimal surface preparation (typically hand-tool cleaned to SP2 levels) and adhere instantly without primer. Viscotaq materials are inert, UV-resistant, non-toxic, solvent-free, carcinogen-free, and resistant to harsh soils, freeze–thaw cycling, and a wide range of temperatures.

Widely used for sealing box culverts, manholes, concrete chambers, and vault structures, the Viscotaq system adapts to any size or configuration without shrinking over time. The flexible and durable bond creates a permanent seal that prevents infiltration of water, soil and gases that enhance durability and reduce environmental contamination risks. Moreover, the system enables efficient field application, ideal for on-site installation and repairs, even in tight or hard-to-access joints, ensuring long-term resilience with minimal disruption.

For more information visit www.densona.com

Haxx is the new corporate identity of the energy group formerly known as Hafesa, a company with a decade of experience that, on the occasion of its anniversary, officially begins a new chapter with an image that better reflects its current position. This rebranding process, on which the company has been working for nearly two years, represents the natural evolution of the business towards a more modern, global model, prepared to lead the future of energy trading and distribution.

The launch of Haxx also involves the unification of all the brands of the group’s different business units under a single corporate identity, strengthening brand coherence, solidity and recognition at both national and international level.

“Haxx symbolises energy in motion. A stronger company, better prepared to compete with the major players in the sector, operating with agility, transparency and global impact. This brand represents who we are today: a company committed to operational excellence and to building solid, trust-based relationships with our customers and suppliers,” says Diego Guardamino, CEO of Haxx.

The launch of Haxx takes place in a year marked by business stability and the strategic strengthening of its infrastructure, positioning the company as a relevant player in the energy sector both nationally and internationally.

The company expects to close fiscal year 2025 with revenues of €1.333 billion and sales of 1.5 billion litres of fuel, driven by the diversification of its activity, the expansion of its logistics network and a renewed positioning that reinforces its international presence.

Trading: strengthening the distribution model and greater operational autonomy

Haxx is making progress in consolidating an alternative and complementary distribution system to the Exolum network, supported by the acquisition and integration of new storage facilities. This model enables the company to strengthen its operational autonomy and gain greater flexibility in supply management.

Of the total volume sold in 2025, amounting to 1.5 billion litres, the majority was supplied through the Bilbao and Motril terminals. Since September, Haxx has also been operating from the new terminals in Cartagena and Málaga, which are now fully integrated into its distribution network. Looking ahead to 2026, the incorporation of the Ocaña terminal will further strengthen coverage in central Spain.

 Storage terminals: an expanding network positioning Haxx among market leaders

Growth in the terminals business has been particularly significant. The acquisition of ODT in Málaga and Tancar in Cartagena, together with the start of construction of the new terminal in Ferrol, has enabled the company to exceed 660,000 m³ of storage capacity, consolidating its position in the Top 5 operators nationwide.

Haxx has also obtained authorisation for the Motril facility to operate as a bonded warehouse, achieved a historic record at the Bilbao terminal—supplying more than 100,000 m³ in October—and continues to make progress on the commissioning of the Ocaña terminal, which is expected to begin operations before the end of the first quarter of 2026.

Service stations: a new model based on owned infrastructure

In the service station business, the company has evolved towards a model based on owned assets. Haxx is currently building its first service area in the port area of Motril under the new Haxx brand, which will include ultra-fast charging points for both passenger vehicles and heavy-duty vehicles.

At the same time, the company is redefining its strategy with a new approach focused on the construction of proprietary service stations under a standardised model. This strategy aims to strengthen investment control, optimise development costs and ensure network consistency, while maintaining the goal of reaching 80 service stations by 2030.

Logistics: client growth and fleet expansión

Haxx continues to expand its base of external clients, demonstrating flexibility and adaptability supported by a robust logistics network. Looking ahead to 2026, the company plans to expand its fleet to service the future Ocaña terminal and supply central Spain. In parallel, Haxx is considering the establishment of new logistics bases in Cartagena and Málaga to optimise flows linked to its new terminals and strengthen territorial coverage.

Aletteo: evolution towards new energy services

Aletteo, the group’s electricity retailer, is celebrating its first year of operations, strengthening its position in a competitive market through strategic partnerships. Looking ahead to 2026, the company is preparing to take a key step forward by registering as a gas operator, thereby expanding the range of energy services that Haxx will be able to offer its clients.

A brand designed for the future

Haxx symbolises the evolution of a company moving towards a more global, modern model focused on operational excellence. With storage capacity placing it among national leaders, a strengthened logistics network and a strategy centred on owned infrastructure, the company is entering a new phase defined by trust, resilience and international ambition.

For more information visit www.haxx-energy.com

Exolum has formalised its membership of the Carbon Capture and Storage Association (CCSA), Europe’s leading organisation dedicated to advancing the deployment of carbon capture, utilisation and storage (CCUS). Through this step, Exolum, a leader in liquid product logistics solutions in Europe, reinforces its commitment to the energy transition and positions itself as a key player in the logistics management of the CO₂ value chain.

The company’s entry into the CCSA comes at a pivotal moment for the development of CCUS, a technology expected to play a central role in supporting the European Union’s net zero ambitions. Exolum brings to the association a strong track record as a logistics operator, supported by an extensive infrastructure network of more than 60 terminals across Europe and the UK. This footprint enables the delivery of integrated and tailored solutions for CO₂ transport and storage, combining pipeline infrastructure with alternative logistics options such as rail and shipping, depending on project requirements.

Irene Lores, Clean Energies Lead at Exolum, said that joining the CCSA will allow the company to collaborate with a broad range of sector stakeholders, share knowledge and strengthen its role as a logistics integrator within the carbon value chain. She noted that Exolum aims to support the viability of decarbonisation projects by developing optimised and secure transport networks, contributing its operational expertise to connect industrial emitters efficiently with end-use facilities or geological storage sites.

Exolum is already advancing this strategy through the development of two carbon capture logistics hubs in Spain, located in A Coruña and Huelva, which are designed to serve the needs of multiple emitting companies. In addition, the company has an agreement with ADIF to incorporate rail logistics solutions into its Spanish terminal network. In the United Kingdom, Exolum operates more than 20 facilities, primarily at key port locations, placing it in a strong position to engage with major industrial clusters and facilitate the transport, export or storage of captured carbon.

For more information visit www.exolum.com

Abu Dhabi National Oil Company (ADNOC), in partnership with Eni and PTT Exploration and Production Public Company Limited (PTTEP), has announced the successful signing of a landmark structured financing transaction of up to 11 billion dollars (AED 40.4 billion) to monetise future midstream gas production from the Hail and Ghasha development.

Hail and Ghasha forms part of the wider Ghasha Concession, located offshore Abu Dhabi, and is expected to produce 1.8 billion standard cubic feet per day of gas. The project is designed to be the world’s first offshore gas development of its kind to operate with net zero emissions, capturing approximately 1.5 million tonnes of carbon dioxide per year, the equivalent of removing more than 300,000 cars from the road annually.

The non-recourse financing structure, which is unique for a project of this scale and complexity, enables ADNOC to realise upfront value at competitive rates while retaining strategic and operational control. By ring-fencing midstream processing facilities and operations, the structure allows ADNOC and its partners to access low-cost funding while maintaining asset ownership. The transaction builds on ADNOC’s track record of pioneering infrastructure partnerships, including major oil and gas pipeline agreements and build-own-operate-transfer projects that support decarbonisation and sustainable operations.

His Excellency Dr Sultan Ahmed Al Jaber, UAE minister of industry and advanced technology and ADNOC managing director and Group CEO, said the transaction reflects strong market confidence in ADNOC’s value creation strategy, innovative financing approach and ability to deliver complex mega projects. He added that Hail and Ghasha is a core component of ADNOC’s gas strategy and is expected to generate significant long-term value for the company, its partners and the UAE, while unlocking new gas resources for customers.

For more information visit www.adnoc.ae

Woodside Energy has announced that its CEO and managing director, Meg O’Neill, has advised the Board of her resignation after accepting the role of Chief Executive Officer at bp p.l.c. Following her departure, the Board has appointed Liz Westcott as Acting CEO, effective 18 December 2025.

Ms Westcott is a widely respected senior executive with extensive global operational leadership experience. She has led Woodside’s Australian operations as executive vice president and chief operating officer of Australia since joining the company in June 2023. Prior to Woodside, she served as chief operating officer at Energy Australia, following a 25-year career with ExxonMobil that included roles across Australia, the United Kingdom and Italy. Her career spans strategic planning, operations, project management, and safety, technical and commercial leadership.

Woodside chair Richard Goyder congratulated Ms O’Neill on her appointment as CEO of bp and thanked her for her significant contributions to Woodside. He noted that her appointment as CEO in 2021 laid the foundation for the company’s transformational growth in recent years, translating into approximately $11 billion in dividends paid to shareholders since 2022 and establishing a growth trajectory expected to deliver substantial long-term value.

During her tenure, Ms O’Neill led Woodside through several major milestones, including the merger with BHP Petroleum, final investment decisions on the Scarborough Energy Project and the Louisiana LNG Project, the start-up of the Sangomar Project, the acquisition of Beaumont New Ammonia, and the introduction of high-quality partners across key developments. She also oversaw continued strong performance across Woodside’s global operations portfolio.

Mr Goyder said the appointment of Ms Westcott as Acting CEO provides continuity for the business and its people. She will work closely with Woodside’s Executive Leadership Team to continue executing the company’s strategy, with a focus on disciplined decision-making and operational excellence to deliver shareholder value.

Woodside’s priorities for 2026 include maintaining safe and efficient operations, progressing major projects, and remaining firmly aligned with the strategic direction outlined at the company’s Capital Markets Day in November 2025. The Board continues to prioritise CEO succession planning and is considering both internal and external candidates, with the intention of announcing a permanent CEO appointment in the first quarter of 2026.

For more information visit www.woodside.com

MB Energy has commenced the supply of jet fuel and HEFA SPK Blend, commonly referred to as Sustainable Aviation Fuel, to airlines operating at Copenhagen Airport in Denmark. The SAF supplied contributes to reducing carbon dioxide emissions over its life cycle. This development marks MB Energy’s expansion into the Danish aviation market, adding Copenhagen Airport to the company’s growing network of airport locations already served across Germany, the UK and Norway.

To enable fuel supply at Copenhagen Airport, MB Energy has invested in the airport’s fuel infrastructure, securing access to support reliable and efficient operations for its aviation customers. The investment reflects the company’s long-term commitment to strengthening aviation fuel supply chains in Denmark and across Europe.

Simon Weiss, head of aviation at MB Energy, said the move underscores the company’s dedication to supporting the aviation sector’s evolving needs. He noted that MB Energy looks forward to continuing its work in aviation by collaborating closely with customers and partners to support both current operations and the transition toward more sustainable air travel.

In addition to conventional jet fuel, MB Energy will supply SAF at Copenhagen Airport, reinforcing the company’s commitment to advancing more sustainable solutions for aviation. By offering alternatives to traditional aviation fuels, MB Energy aims to support airlines in reducing the environmental impact of their operations.

MB Energy provides tailored energy solutions designed to support customers’ decarbonisation journeys. The company offers a broad and flexible product portfolio that serves the conventional fuel market while actively enabling routes to market for lower-carbon fuel solutions. Its strategic focus is on growing the business in hard-to-electrify sectors such as aviation, leveraging core strengths in sourcing, storage, handling and distribution of liquid fuels.

For more information visit www.mbenergy.com

BW Energy has, through a consortium with Maurel & Prom, signed an agreement to acquire a combined 20 percent non-operated interest in Block 14 and a 10 percent non-operated interest in Block 14K offshore Angola from Azule Energy. As part of the transaction, BW Energy will hold a net 10 percent interest in Block 14 and a 5 percent interest in Block 14K, establishing a strategic foothold in Angola that aligns with the company’s long-term regional growth strategy.

Carl K. Arnet, Chief Executive Officer of BW Energy, said the entry into Angola represents a significant step in the company’s West Africa expansion. He noted that the assets offer clear upside potential beyond current production in Block 14, while also positioning BW Energy for future operated development opportunities in the country. Angola was described as a mature hydrocarbon basin with an active mergers and acquisitions market and strong political support for the energy sector, providing attractive opportunities to apply BW Energy’s strategy of developing proven reserves and stranded assets through the reuse of existing infrastructure.

Block 14 is a mature deepwater asset comprising nine producing fields, while Block 14K is a tie-back to the main block. The assets are operated by Chevron, with licences running until 2038. Gross production is approximately 40 thousand barrels of oil per day, with around 4 thousand barrels of oil per day net to BW Energy. Current producing reserves are estimated at 9.3 million barrels net to BW Energy, with several identified opportunities to increase recoverable volumes. Abandonment and decommissioning costs are covered by existing provisions.

The acquisitions form part of a joint transaction with Maurel & Prom, which will acquire equal ownership interests to BW Energy in both licences. BW Energy has highlighted Maurel & Prom as a strong and experienced partner in the transaction. Completion remains subject to regulatory approvals and customary closing conditions, with closing expected by mid-2026.

The transaction includes a base cash consideration of USD 97.5 million net to BW Energy. A deposit of USD 6 million is payable immediately, with the remaining balance due at completion and subject to customary adjustments reflecting cash flows between the effective date of 1 January 2025 and the closing date.

In addition, contingent payments of up to USD 57.5 million net to BW Energy may become payable upon the occurrence of certain events, including Brent oil prices exceeding specified thresholds during the 2026 to 2028 period and the achievement of defined production milestones associated with the PKBB development.

For more information visit www.bwenergy.no

Neste and Cathay Group have entered into an agreement for the supply of Neste MY Sustainable Aviation Fuel™ to support Cathay Group’s aviation operations across three key regions: Europe, the United States, and Asia-Pacific. The agreement is designed to help Cathay scale up its use of sustainable aviation fuel (SAF) and advance its broader decarbonisation strategy.

Under the agreement, Neste is leveraging its established SAF supply capabilities at major international airports to deliver blended SAF for Cathay Group operations. Neste has been supplying SAF for Cathay Pacific flights departing from Amsterdam Airport Schiphol in Europe and Los Angeles International Airport in the United States. In the Asia-Pacific region, Neste has also provided SAF to Singapore Changi Airport for flights operated by Air Hong Kong, the Cathay Group’s all-cargo airline. In each location, the SAF is blended with conventional jet fuel and supplied through the airports’ existing fuel infrastructure.

Kristof Van Passel, head of procurement operations and sustainability at Cathay Pacific, noted that the partnership represents an important step in the group’s efforts to decarbonise air travel. He highlighted that the collaboration supports Cathay’s multi-faceted approach to accelerating SAF adoption across its network, reinforcing its commitment to innovation and sustainability. SAF continues to be viewed by the group as the most viable solution currently available for reducing emissions associated with flying.

Mario Mifsud, vice president of Renewable Fuels Sales and Trading for EMEA and APAC at Neste, said the company is proud to support Cathay Group’s emissions reduction ambitions through the supply of Neste MY SAF. He emphasised that Neste’s global SAF production and supply capabilities provide international airlines with a practical pathway to scale up SAF usage, while also enabling Cathay’s customers to reduce the greenhouse gas emissions associated with their air travel and cargo transport activities.

For more information visit www.neste.com