Avenir LNG has announced the commencement of a new multi-year charter agreement with Excelerate Energy, marking the start of a strategic partnership between the two companies. Under the terms of the agreement, the Avenir Accolade will continue operations in Jamaica, supporting the region’s growing demand for cleaner and more cost-effective natural gas solutions.

The charter extension follows Excelerate Energy’s acquisition of New Fortress Energy’s LNG import and power assets in Jamaica. The Avenir Accolade is expected to play a critical role in ensuring the continued supply and distribution of LNG to the island, contributing to energy security and environmental sustainability.

Jonathan Quinn, managing director at Avenir LNG, stated:
“We are very pleased to announce the commencement of a new relationship with another industry leader as Avenir LNG continues to deliver on our chartering strategy – this time with US-listed regasification specialist Excelerate Energy. We’d like to thank New Fortress Energy for the strong collaboration over the past years and look forward to continuing our strong operating track record in the region and building a partnership to support another key US LNG player, signalling Avenir’s commitment to serving small-scale LNG shipping requirements globally.”

The partnership reflects Avenir LNG’s strategic focus on expanding its global footprint in small-scale LNG logistics while maintaining a strong operational presence in key growth regions such as the Caribbean.

For more information visit www.avenirlng.com

The vessel John T. Essberger has successfully completed its first Bio-LNG bunkering at the Hamina LNG Terminal in Finland, marking a significant milestone in the Group’s commitment to sustainability. This achievement underscores ongoing efforts to reduce greenhouse gas emissions and explore short-term solutions that contribute to a more environmentally responsible maritime industry.

Bio-LNG, derived from biomethane liquefied from the gas grid and produced using European feedstocks, provides a viable means of decarbonising operations while utilising existing LNG infrastructure on board. This transition aligns with the Group’s broader sustainability strategy, reinforcing its mission to deliver efficient, responsible, and safe shipping solutions.

Photo: The vessel John T. Essberger

The successful bunkering was made possible through collaboration with Rohe Solutions Oy and other key partners. The Group remains committed to driving innovation and working towards a more sustainable future for the shipping industry.

For more information visit www.es-tankers.com

mPACT2WO, a Molex business dedicated to providing early-detection digital solutions for industrial operators, has successfully partnered with CITGO to deploy its mRegz™ AirCompliance system at the company’s Corpus Christi facility. The collaboration aims to enhance emissions monitoring and align with upcoming US Environmental Protection Agency Hazardous Organic NESHAP regulations.

In response to community concerns and increased regulatory scrutiny following a permit application to expand operations, CITGO turned to mPACT2WO for a solution that would provide precise, real-time emissions data. The mRegz™ AirCompliance system was selected for its ability to detect emissions at parts-per-billion levels and pinpoint leak sources with high accuracy, enabling rapid root-cause analysis and timely corrective action.

Adrian Araiza, corporate environmental services manager at CITGO, highlighted the importance of the collaboration: “By utilising state-of-the-art technology from mPACT2WO, CITGO ensures that our fenceline monitoring not only meets regulatory standards but also sets new benchmarks in safety and environmental responsibility.”

The system, powered by advanced photoionisation detector sensors and AI-driven analytics, provided CITGO with early detection capabilities that extended beyond the facility’s fenceline. This insight allowed CITGO to propose a forward-thinking alternative monitoring plan that addressed community concerns, facilitated permit approval, and supported increased throughput at its marine terminal.

“Our goal is to help operators optimise emissions monitoring and reduce risks at their plants through real-time data identification,” said Krishna Uppuluri, vice president and general manager at mPACT2WO. “By leveraging real-time AI and state-of-the-art sensors with mRegz™ AirCompliance, we were able to identify the sources of the increased emissions for our customer.”

The mPACT2WO solution-as-a-service model transforms complex datasets into actionable insights using AIoT. This approach empowers field teams to detect anomalies early, conduct effective root-cause analysis, and respond swiftly—reducing risks and enhancing operational efficiency.

Designed for applications including fenceline monitoring, LDAR (leak detection and repair), tank farms, pipelines, terminals, process safety, and remote site management, the mRegz™ AirCompliance system is helping to redefine industry standards in emissions monitoring and regulatory compliance.

For more information visit www.mpact2wo.com

Wärtsilä Gas Solutions, a division of technology group Wärtsilä, has been contracted to supply and install bioLNG production solutions for two large-scale biogas projects in Finland. The projects have been commissioned by Suomen Lantakaasu Oy, a joint venture between biomethane company St1 Biokraft and dairy and food company Valio. Each facility will have the capacity to produce 25 tonnes of bioLNG per day. The orders were confirmed in the first quarter of 2025.

The biogas will be derived primarily from manure and food processing waste, with the residual by-product serving as an odour-free biofertiliser for farmers supplying the manure. Once operational, the plants will facilitate greater use of biogas-powered transport. The integration of manure into biogas production is expected to significantly reduce the carbon footprint of milk production by lowering emissions in both agriculture and transportation.

Leena Helminen, CEO of Suomen Lantakaasu, highlighted the importance of the collaboration: “Suomen Lantakaasu has strong ambitions in building a biogas production network in Finland and enabling wider use of biogas fuel in transport applications. Wärtsilä’s deep experience and successful track record for high-capacity biogas upgrading and liquefaction plants is highly valuable to our projects.”

The greenfield plants will be constructed in Nurmo and Kiuruvesi, located in western and central Finland, respectively. Both facilities are expected to commence operations in the second half of 2026.

Magnus Folkelid, sales manager at Wärtsilä Gas Solutions, Biogas, emphasised the company’s commitment to sustainability: “Wärtsilä’s focus is very much on shaping decarbonisation. Our bioLNG plants are a central pillar of this strategy. These biogas upgrading and liquefaction plants will have the capacity to produce significant levels of green fuel and thus support Suomen Lantakaasu in their journey.”

Beyond the biogas upgrading and liquefaction plants, Wärtsilä will also provide 300m³ capacity storage tanks and an export station. Previously, the company has supplied biogas upgrading and liquefaction solutions to St1 Biokraft in Sweden and Norway.

For more information visit www.wartsila.com

Technip Energies is progressing with the Engineering, Procurement, and Construction of the Marsa LNG plant in Oman, a project operated by the Marsa LNG joint venture, comprising TotalEnergies and OQ Exploration and Production.

The groundbreaking facility sets a new benchmark for sustainability in LNG production. Unlike conventional LNG plants powered by gas turbines, the Marsa LNG facility will use electric-driven motors, with all electrical requirements fully offset by a dedicated solar farm. This innovative design is expected to make the plant one of the lowest greenhouse gas intensity LNG facilities in the world.

Further contributing to emissions reduction, the LNG produced will be used as marine fuel, offering a cleaner energy alternative for the shipping industry and supporting global efforts to lower maritime carbon emissions.

Technip Energies’ CEO, Arnaud Pieton, attended the groundbreaking ceremony and commented: “This is great news and I’d like to thank every member of our team for their dedication. We broke ground not just on a facility, but on a vision – one built on collaboration, innovation, and determination, as we help turn our clients’ plans into progress.”

The project has moved forward rapidly. Technip Energies teams were mobilised on site in early January 2025 when the first equipment arrived and preparations for construction offices began. Piling activities commenced by the end of February, marking the next phase of physical development at the site.

For more information visit www.ten.com

bp Trinidad and Tobago has confirmed the safe and successful delivery of first gas from its Cypre development.

Cypre is one of bp’s 10 major projects expected to come online between 2025 and 2027, forming part of the company’s broader strategy to expand its upstream operations. Production from Cypre will contribute significantly towards the combined peak net production target of 250,000 barrels of oil equivalent per day from these projects.

As bpTT’s third subsea development, Cypre consists of seven wells tied back to the existing Juniper platform. At peak production, it is expected to deliver approximately 45,000 boed, equating to around 250 million standard cubic feet of gas per day. The first phase of development, comprising four wells, was completed at the end of 2024, while the second phase is set to commence in the latter half of this year.

William Lin, EVP of Gas and Low Carbon Energy, emphasised the importance of the development, stating: “Our focus is on consistent execution and safe delivery of major projects like Cypre. The second of 10 major projects across our global portfolio that we expect to start up by 2027, Cypre is also the first of a series of projects we will be bringing online in Trinidad to deliver gas to the nation and add value for bp.”

bpTT president David Campbell highlighted Cypre’s role in the company’s strategy, stating: “Cypre is another key milestone in bpTT’s strategy to maximise production from our shallow water acreage using existing infrastructure. The project not only reinforces our commitment to maintaining production but also plays a crucial role in satisfying our existing gas supply commitments. Cypre represents a significant investment in the country’s energy sector. We are proud to be part of this journey and look forward to continuing our collaboration with the Government and other stakeholders to unlock Trinidad and Tobago’s energy future.”

Cypre marks bp’s second major start-up of 2025, following the commencement of production from the second development phase of the Raven field, offshore Egypt. The project aligns with bp’s expected returns from upstream investments and is fully in line with its strategic objectives.

For more information visit www.bp.com

Argent Energy has reached a key milestone in its sustainability journey with the successful commissioning of a second Wastewater Membrane BioReactor (MBR) at its Amsterdam facility. This development means that all Argent Energy production sites are now equipped with fully operational MBR systems, enabling each plant to recycle 100 percent of its process water.

The newly installed MBR at the Amsterdam site is designed to treat wastewater generated during biodiesel production. Using advanced microfiltration technology, the system ensures that water is thoroughly cleaned and made suitable for reuse, significantly reducing waste and supporting the company’s circular approach to resource management.

The MBR system features a suspended growth biological reactor that removes contaminants such as nitrogen, sulphates, biochemical oxygen demand, and total suspended solids. This ensures that the treated water meets the high standards required for internal reuse, contributing to a sustainable cycle of production.

Peter Blokpoel, Amsterdam site manager at Argent Energy, commented:

“This marks another exciting development at our Amsterdam site and represents a milestone in our ongoing commitment to sustainability and the environment. We’re always improving our production processes to maximise efficiency, add value, and reduce waste, ensuring we make a positive impact at every stage.”

The timing of the installation aligns with Argent Energy’s expansion plans in Amsterdam, where it is preparing to triple biodiesel production through the construction of a new state-of-the-art refinery at the Port of Amsterdam. The upgraded MBR will play a vital role in managing the increased demand for water treatment and recycling.

With MBR systems now in place across all sites, Argent Energy reinforces its commitment to environmental stewardship and responsible resource management. This achievement highlights the company’s long-term vision to lead in sustainable biodiesel production and reflects its focus on creating value through innovation and efficient use of existing resources.

For more information visit www.argentenergy.com

Global integrated logistics and materials management specialist ASCO has secured a three-year contract, with extension options, to provide base and logistics services for Repsol Norge AS in Tananger and Farsund, Norway.

The agreement encompasses a comprehensive range of services, including warehouse management, cargo handling, waste services, transport and customs clearance, as well as personnel support for logistics, materials management, and helicopter coordination.

Pictured: Tananger Base

Øyvind Salte, commercial director at ASCO Norge AS, expressed appreciation for the continued partnership, stating: “We are grateful to Repsol for continuing to trust ASCO with its base and logistics services. This contract reinforces our strong partnership and allows us to further develop as a company while remaining a preferred and proud supplier to Repsol.

“It also strengthens our existing operations in Norway, providing a solid foundation for continued collaboration. We remain committed to simplifying, streamlining, and digitising logistics delivery to enhance efficiency and service quality.”

Repsol has been a key customer for ASCO in Norway since 2011, and this latest contract ensures job security at ASCO’s bases in Tananger and Farsund, further solidifying the company’s position as a leading logistics provider in the region.

For more information visit www.ascoworld.com

The Poluma Group parent company of Turbo Systems has announced the acquisition of WFS, a respected fabrication, construction, operations, maintenance, and turnaround business with a 60-year legacy supporting projects across the UK and Europe. The transaction is subject to regulatory approval and customary closure conditions, with the sale expected to complete on 27 June 2025.

WFS currently employs 250 people and will be rebranded as Allied Protek Field Services. It will operate as a separate legal and operational entity within the Poluma Group, maintaining its established service offering while benefiting from the group’s wider resources and reach.

Following the acquisition, the combined group will generate an annual turnover of approximately £70 million and employ a workforce of around 500. The move supports Poluma Group’s ongoing strategy to expand its engineering capability across the UK and serve a broader customer base across sectors including food, manufacturing, munitions, personal care, and chemicals.

Paul Wilson, chairman of the Poluma Group, said:

“We are excited about the acquisition. This aligns with our long-term vision to support the footprint and growth of our engineering capability throughout the UK. WFS is a highly respected company on a global and local level with so much history within the region.

“WFS will be rebranded as Allied Protek Field Services. We believe that all entities within the Poluma Group will benefit from this acquisition. We look forward to continuing to work cooperatively with Worley and to support our people and customers during the transition to new ownership.”

The acquisition represents a significant milestone for WFS, offering a fresh chapter under new ownership while maintaining continuity in operations.

Worley chief executive officer, Chris Ashton, added:

“We appreciate the value that the team at Field Services has contributed over the years and have no doubt that they will continue to succeed.”

For more information visit www.turbo-systems.com

Shell Singapore Pte Ltd, a subsidiary of Shell plc, has successfully completed the previously announced sale of its Energy and Chemicals Park in Singapore to CAPGC Pte. Ltd., a joint venture between Chandra Asri Capital Pte. Ltd. and Glencore Asian Holdings Pte. Ltd.

The transaction was executed through the sale of shares in Aster Chemicals and Energy Pte. Ltd., a fully owned subsidiary of SSPL incorporated in Singapore.

This divestment aligns with Shell’s strategy to high-grade its Chemicals and Products business while maintaining its commitment to Singapore as a key regional hub for marketing and trading operations.

Employees at Shell Energy and Chemicals Park Singapore will continue their roles under Aster Chemicals and Energy Pte. Ltd.’s new ownership, ensuring continuity for staff and supporting ongoing operational reliability and safety.

For more information visit www.shell.com

To build resilient chemical supply chains, chemical and petrochemical industry leaders must embrace innovation, leverage digitalisation, and commit to sustainable practices, agreed speakers at the 16^th Gulf Petrochemicals and Chemicals Association (GPCA) Supply Chain Conference, which took place at the Address Sky View Hotel, Dubai, UAE on 27-28 May under the theme “Building Resilience in a Dynamic Landscape”. By fostering collaboration across sectors, investing in local human capital and building local capabilities, the chemical industry in the GCC can navigate uncertainty, mitigate risks, and drive lasting progress in global supply chain management, speakers added.

Khalid Sultan Al-Kuwari, CEO, Q-Chem, and chairman, Supply Chain Committee, GPCA, opened the event with a welcome address, emphasising the need for resilience amid global disruptions. He stated, “For the chemical industry, resilience is the defining strategy for survival and success. Resilience is not just about risk mitigation; it is about seizing opportunities in the face of uncertainty. It is about transforming disruptions into competitive advantages through bold leadership, innovation, and collaboration.”

In his keynote address on Day 1, Dr. Robert de Souza, executive director, The Logistics Institute-Asia

Pacific, National University of Singapore, discussed the importance of future-proofing supply chains and building resilience amid complexity and change. In a dynamic leadership dialogue moderated by Arun Bruce, Co-Founder and CEO, Transformation X, and co-presented by Dr. Sana Ben Kebaier, Head of Economic Research Department, GPCA, a panel of senior executives comprising Fikret Ersoy, Global Chief Commercial Officer, PSA BDP; Lisa Park, Area MD – UAE, Oman and Qatar, Maersk; and Saleh Al Shabnan, Chairman of the Board, Saudi Supply Chain & Procurement Society, examined the five key “known unknowns” expected to impact the chemical industry in 2025.

The conference included a highly anticipated strategic panel on “The Leadership Edge: Turning Supply Chain Challenges into Strategic Opportunities”, moderated by Sachin Halbe, Partner, Strategic Operations, Kearney MEA, AT Kearney, and featuring Bassel El Dabbagh, CEO, CEVA Almajdouie Logistics; Ahmed Abdullah Al-Salahi, CCO, Q-Chem; and Bjarke Degn Nissen, CCO, Stolt Tankers.

The conference continued with a panel on “Leveraging AI and Technology to Build Robust, High-Growth Supply Chains” focusing on how advanced technologies can be efficiently integrated into existing supply chain networks. Subsequently, the focus shifted towards supply chain strategy, with a strategic panel on “Globalisation vs. Localisation” exploring the key factors and trade-offs to achieve the right balance for a more agile supply chain, guiding decision-making for the GCC chemical industry.

Dr. Abdulwahab Al-Sadoun, secretary general, GPCA, commented: “As supply chains evolve amid global uncertainties, the 16^th GPCA Supply Chain Conference reinforced the importance of adaptability, fostering human capital, and technology-driven transformation as key pillars for future success. Over the past two days, industry leaders addressed emerging challenges and opportunities shaping supply chain transformation in the region, providing delegates with an invaluable opportunity to recharge their strategy and gain insight into crucial industry trends.”

On 27 May GPCA hosted the 6^th Supply Chain Excellence Awards, recognising outstanding achievements within the industry across four key categories.

For more information, visit www.gpca.org.ae/conferences/scc

Terra Drone Corporation (“Terra Drone”), recognised as the No.1 Drone Service Provider in the world for 2024, has signed a Memorandum of Understanding (MOU) with Aramco,  one of the world’s leading integrated energy and chemicals companies in Saudi Arabia. This collaboration signifies a strategic partnership to explore innovation in drones, robotics, and AI-driven solutions tailored to the oil and gas sector, supporting localisation efforts.

The purpose of this MOU is to strengthen collaboration between Terra Drone and Aramco with the aim of advancing drone technologies that could contribute to enhancing safety, operational efficiency in the energy sector. It serves as a platform for fostering innovation in critical areas such as research and development, technology piloting, and training and localisation. The agreement reflects both organisations’ shared vision to advance solutions while developing local capabilities that are expected to support the Kingdom’s broader economic goals.

The MOU was signed by Toru Tokushige, Founder & CEO of Terra Drone Corporation, and Khalid Y. Alqahtani, Aramco Senior Vice President of Engineering Services, in the presence of distinguished guests and industry leaders.

Terra Drone received funding from Wa’ed Ventures in 2023, with the aim of contributing to localisation of advanced drone technologies from global leaders. Following this investment, Terra Drone established a branch in Saudi Arabia, Terra Drone Arabia, with three strategic aims: to localise Terra Drone’s services in the short term, to establish local R&D and production facilities in the long term, and to support job creation for talented Saudis.

Toru Tokushige, founder & CEO of Terra Drone Corporation, stated:

“This MOU reflects our commitment to driving innovation and supporting localisation in line with the vision of Aramco. Through our group company, Terra Drone Arabia, we aim to introduce cutting-edge drone technologies that not only enhance safety and efficiency but also empower the local workforce. By fostering collaboration and investing in R&D, we are building a foundation for sustainable growth and technological advancement in the Kingdom.”

The signing of this MOU lays the groundwork for a stronger relationship between Terra Drone and Aramco, which is expected to enable Terra Drone to help Aramco in deploying innovative drone solutions and develop drone technology with a view to addressing the energy industry’s complex challenges. By leveraging its expertise and local presence, Terra Drone aims to contribute to Aramco’s operational excellence and the Kingdom’s broader vision for technological and economic progress.

This partnership aligns closely with Terra Drone’s long-term commitment to localisation, supporting Aramco’s efforts to facilitate a more sustainable and globally competitive ecosystem. Terra Drone is dedicated to transferring knowledge, developing local talent, and fostering a thriving drone industry in Saudi Arabia, contributing to the Kingdom’s broader economic diversification goals.

For more information visit www.terra-drone.com.sa

International energy consultancy Penspen has reinforced its long-term commitment to north-east Scotland with the opening of a new office in Aberdeen. Located at Balmoral Business Park in Altens, the move marks a significant milestone in the company’s regional development and follows the acquisition of C&I Engineering Solutions in October 2024.

The new office, situated three miles south of the city centre, will serve as a modern and accessible base for over 200 specialist engineers. The facility supports Penspen’s growing portfolio of energy security and energy transition projects and offers room for continued expansion. It also brings together the capabilities of Penspen and C&I Engineering Solutions under one roof, enhancing collaboration and client service delivery.

From its new Aberdeen base, Penspen will lead several high-profile projects, including the detailed engineering phase for the HyNet CO₂ transportation pipeline in Liverpool Bay and a hydrogen gap analysis for the Trans Adriatic Pipeline, part of the EU’s Southern Gas Corridor. These initiatives highlight the company’s strategic focus on infrastructure repurposing and support for hydrogen and CO₂ integration across global markets.

Darren Bartlett, director of Engineering and Energy Transition at Penspen, commented:
“Aberdeen is a critical hub for us — a region where we have deep roots and long-standing relationships with key clients. This move reflects both our history in the north-east and our ongoing commitment to its future. Bringing the Penspen and C&I teams together under one purpose-built roof will strengthen collaboration and further enhance the service we deliver to our clients.”

The Altens facility will also support the rollout of Penspen’s new training courses, covering topics such as infrastructure repurposing for hydrogen and CO₂ capture and transmission — areas that are increasingly important as the UK advances its energy transition goals.

“This new base provides a sustainable and flexible working environment that supports innovation and growth. We’re proud to be investing in Aberdeen at a time when high-quality engineering is vital to delivering secure, low-carbon energy systems,” Bartlett added.

The move to the expanded Balmoral Business Park site represents a step forward from Penspen’s previous location at Queen’s Gardens, where the company had operated since 2019. While C&I Engineering Solutions had already been located in Balmoral since 2019, the relocation into a larger, shared facility marks a unifying moment for the two engineering teams.

Founded over 70 years ago, Penspen has delivered more than 15,000 projects across more than 100 countries, spanning major developments in Europe, the Middle East, Africa, Asia, and North America. The company’s presence in Aberdeen dates back to the late 1980s, and its global workforce has grown from approximately 750 employees in 2019 to more than 1,200 today — including over 200 engineers based in Aberdeen.

“It’s an exciting period for Penspen as the demand for quality engineering solutions ramps up to support not only energy security, but the design of both new facilities and the repurposing of critical infrastructure to support hydrogen and CO₂ integration,” Bartlett said.
“Investing in our Aberdeen presence enables us to grow our team and capabilities to deliver technically challenging projects across the entire energy project lifecycle. We’re proud to make a commitment to the city as it positions itself at the heart of the energy transition.”

For more information visit www.penspen.com

BW Energy has announced the extension of the Golfinho licence by Brazil’s oil and gas regulator, ANP. The production phase under the Golfinho concession contract has been extended until 2042, an increase from the previous end date of 2031. This follows ANP’s approval of the company’s field development plan in November 2024.

Commenting on the extension, Carl K. Arnet, CEO of BW Energy, stated:
“The extension supports our long-term plans for developing the Golfinho field, initially through improved operational performance of existing infrastructure and later targeting several proven low-risk in-field development opportunities. We see significant potential for long-term value creation at Golfinho.”

BW Energy holds a 100 percent working interest in the Golfinho licence, having acquired the Golfinho and Camarupim Clusters in August 2023. The field is located in the Espírito Santo Basin, with water depths ranging between 1,300 and 2,200 metres. Hydrocarbons are produced via the FPSO Cidade de Vitória, which BW Energy acquired and has operated since November 2023. The field has been in production since 2007.

For more information visit www.bwenergy.no

On 26 May 2025, DET Deutsche Energy Terminal GmbH successfully commissioned its third floating LNG import terminal in Wilhelmshaven, marking a major milestone in Germany’s energy infrastructure and a key achievement under the German LNG Acceleration Act.

Dr. Peter Röttgen, managing director of DET, underscored the terminal’s strategic role in enhancing supply resilience, stating:
“As long as we rely on natural gas, LNG will remain a stabilising factor on the path to climate neutrality.”

The new terminal stands out as a technological first in Europe, with several engineering innovations:

• Construction of an offshore jetty located 1.5 km from the coast, built in challenging tidal conditions
• Environmentally responsible pipeline installation conducted entirely beneath the seabed
• First-ever use of ultrasonic antifouling technology in European FSRU systems to prevent marine growth

The FSRU Excelsior, currently operating at the terminal, is feeding up to 1.9 billion cubic metres of natural gas into the grid in 2025 — enough to meet the annual energy needs of approximately 1.5 million households. From 2026, the terminal’s capacity is expected to increase to 4.6 billion cubic metres.

This landmark project was delivered in close collaboration with ENGIE Deutschland, TES, Gasfin, and a wide range of partners across government, industry, and public administration.

The Wilhelmshaven 02 terminal significantly bolsters Germany and Europe’s energy security, providing a flexible, sustainable, and future-oriented infrastructure for LNG imports.

For more information visit www.energy-terminal.de

HES International, one of Europe’s leading independent bulk handling companies for liquid, dry, and breakbulk products, has officially rebranded Europees Massagoed-Overslagbedrijf B.V. and European Bulk Services B.V. as of 2 April 2025. Moving forward, EMO will operate under the name HES Bulk Terminal Rotterdam (HBTR), while E.B.S will be known as HES Bulk Terminal Maasdelta.

This rebranding represents the final stage of the company’s strategic initiative to unify all terminals under the HES International brand. As part of the ONE HES program, this transition aims to enhance consistency, efficiency, and brand recognition across the company’s operations. The new terminal names reflect HES International’s commitment to creating an integrated network of bulk terminals, providing customers with improved service and seamless operations under a single, trusted identity.

Commenting on the rebranding, Paul van Gelder, CEO of HES International, stated:
“With this rebranding, we complete the transition of all terminals under the HES International name, solidifying our position as a unified and future-focused bulk terminal operator. This move underscores our commitment to delivering operational excellence across all our locations while fostering a strong and recognisable brand presence.”

The VAT and trade register numbers for both terminals will remain unchanged, ensuring a smooth transition with no administrative impact on business relationships.

For more information visit www.hesinternational.eu

ACR SpA, part of the Herambiente Group and based in Mirandola, has signed a binding agreement to acquire the Gerotto EAR business unit from Gerotto Federico Srl. The unit specialises in the remediation and regeneration of confined environments using advanced, non-invasive technologies. The acquisition, effective from 1 July 2025, marks a strategic expansion of ACR’s capabilities in industrial cleaning and environmental services.

Gerotto EAR, a division of Gerotto Federico, is renowned for its expertise in operating in confined or high-risk environments using cutting-edge machinery, including suction excavators and robotic systems. These machines, designed and marketed by Gerotto Federico, enable the safe and efficient execution of complex tasks such as silo and tank cleaning, non-destructive excavation around underground utilities or root systems, and work in Atex (explosive-risk) environments — all while significantly reducing the need for direct human entry.

The acquisition includes 21 highly specialised employees, all of whom will be integrated into ACR’s growing team, pushing the company’s workforce beyond 600 employees. In addition to acquiring the business unit, ACR and Gerotto Federico have signed a broader commercial agreement that reinforces their long-standing partnership. This includes continued supply of Gerotto suction and robotic equipment to ACR.

Alberto Reggiani, CEO of ACR, highlighted the strategic importance of the acquisition:
“This is a quality-focused acquisition, integrating into ACR a unique and valuable expertise for operations in highly complex environments. These are spaces where traditional access is impossible, requiring meticulous planning and specialised technology. This move significantly enhances our service offering across critical sectors, including oil and gas, process chemicals, civil and industrial water treatment, glass and cement industries, and post-disaster recovery. It also opens up new opportunities for commercial growth through cross-selling and up-selling.”

Alessandro Gerotto, CEO of Gerotto Federico, also praised the agreement:
“We are very pleased with this transaction. It allows us to focus even more sharply on the development of our robotic equipment, a sector in which we are global leaders. At the same time, it strengthens our collaboration with ACR, a long-term partner. Together, we will be even better positioned to serve our key markets.”

This acquisition underscores ACR SpA’s commitment to innovation and excellence in environmental remediation, while reinforcing its position as a leader in advanced industrial cleaning solutions.

For more information visit www.gruppohera.it or www.gerotto.it

Neste and DB Schenker, one of the world’s leading logistics service providers, have partnered to expand the use of Neste MY Renewable Diesel™ in the Asia-Pacific region. This collaboration highlights the companies’ shared commitment to advancing lower-emission logistics solutions.

As part of the initiative, a trial was conducted between December 2024 and February 2025, marking the first use of Neste MY Renewable Diesel in Singapore to power DB Schenker’s land transport operations. Since the renewable diesel serves as a direct replacement for fossil diesel and is compatible with all diesel engines, the transition required no additional investment or modifications to vehicles or fuel distribution infrastructure.

The land transport sector contributes approximately 15 percent of carbon emissions in Singapore. By adopting Neste MY Renewable Diesel, greenhouse gas emissions can be reduced by up to 90 percent over the product’s life cycle compared to fossil diesel. The successful trial demonstrated the feasibility of using renewable diesel to support DB Schenker’s efforts in reducing emissions from its land transport operations.

According to Ee Pin Lee, head of commercial APAC, Renewable Products at Neste, this collaboration marks a significant milestone as it represents the first use of Neste MY Renewable Diesel for road transport in Singapore. He emphasised Neste’s commitment to expanding cooperation with DB Schenker both in Singapore and beyond to contribute to a lower-emission logistics sector.

Christoph Matthes, senior vice president, head of Land Transport in APAC at DB Schenker, reaffirmed the company’s commitment to minimising its ecological footprint. He stated that the decision to expand the adoption of Neste MY Renewable Diesel aligns with DB Schenker’s sustainability goals and its ambition to transform the industry by promoting renewable diesel as a viable solution for decarbonising land transport operations in the region.

Neste and DB Schenker have already collaborated successfully in Finland, where DB Schenker has utilised Neste MY Renewable Diesel in its light distribution vehicles in Helsinki and Turku. Additionally, the two companies have partnered to pilot a high-power charging service for heavy-duty vehicles in Finland.

For more information visit www.neste.com 

Oman LNG has announced the signing of a Term Sale and Purchase Agreement with Vitol, a leading global energy and commodities company, further strengthening its position as a key LNG supplier to international markets.

Under the terms of the agreement, Oman LNG will supply Vitol with approximately 800,000 metric tonnes per annum of liquefied natural gas on a Delivered Ex-Ship flexible basis. Deliveries are scheduled to begin in January 2026.

The agreement underscores Oman LNG’s strategic focus on supporting global energy stability and diversification, while also reinforcing its agility in responding to evolving market dynamics. For Vitol, the deal enhances its capacity to meet growing demand from customers around the world.

Commenting on the signing, Hamed Al Naamany, chief executive officer of Oman LNG, said: “This agreement with Vitol reflects our agility and continuous adaptation to market dynamics. We are pleased to see continued positive market response to Oman’s strategy in gas and LNG. Vitol is a key portfolio trader and a trusted partner, and we are pleased to extend our cooperation through this deal which supports our long-term growth and value delivery.”

Pablo Galante Escobar, head of LNG at Vitol, added:
“Vitol has a decades-long partnership with the Sultanate of Oman on crude and products. It is an honour to extend this relationship to a term deal with Oman LNG. The Sultanate of Oman and Oman LNG are critical to ensuring the stable supply of affordable energy to global markets, and we are delighted to be working with them.”

This latest agreement builds on Oman’s growing reputation as a reliable LNG exporter, reinforcing its role in supplying cleaner energy to global markets amid increasing demand and energy transition initiatives.

For more information visit www.vitol.com

Chart Industries, Inc. has expanded its leasing services to Europe, reinforcing its commitment to providing flexible and tailored solutions for its equipment. With leasing options now available in both the United States and Europe, businesses can benefit from reduced upfront capital costs, improved cash flow, and flexible short- and long-term rental arrangements.

The company offers a range of leasing solutions, including operating leases, a fleet of cryogenic equipment for rent, and customised finance leases.

These options are designed to help businesses access the right equipment while preserving cash reserves. Chart Industries’ leasing solutions support various applications, including industrial gas, hydrogen, CO2, and LNG.

For more information visit www.chartindustries.com

Eni and Vitol have reached an agreement under which Vitol will acquire interests in certain assets owned by Eni in Côte d’Ivoire and the Republic of Congo. The transaction, valued at USD 1.65 billion as of 1 January 2024, will be subject to standard cash adjustments at closing.

As part of the deal, Vitol will obtain interests in both oil and gas-producing assets, as well as blocks currently undergoing exploration, appraisal, and development. These include the Baleine project in Côte d’Ivoire, where Eni holds a 77.25 percent ownership interest, with Vitol set to acquire a 30 percent participating interest. Additionally, Vitol will acquire a 25 percent participating interest in the Congo LNG project in the Republic of Congo, where Eni currently holds a 65 percent stake. The two companies are already partners in the OCTP and Block 4 projects in Ghana, and this latest agreement further strengthens their collaboration in West Africa.

The transaction aligns with Eni’s strategy to optimise upstream activities by rebalancing its portfolio. Through its dual exploration model, Eni seeks to unlock value from exploration discoveries at an early stage by reducing its participation in them.

Vitol has maintained a strong upstream presence in West Africa for several years and holds a diverse portfolio of infrastructure and downstream-related investments.

The parties intend to finalise the agreements for the sale and purchase of the described interests as soon as practicable. Completion of the transaction remains subject to conditions precedent, including obtaining the necessary regulatory approvals.

For more information visit www.vitol.com

Emerson, a global industrial technology leader, is empowering manufacturers to move toward optimised autonomous operations through a robust suite of advanced industrial artificial intelligence and data solutions tailored for online, mission-critical environments. Supported by its recent acquisition of Aspen Technology and decades of industry-specific expertise, Emerson’s AI portfolio is designed to deliver consistent, secure, and sustainable value across industries.

As AI tools reach a critical stage in maturity—driven by more robust open frameworks and foundational models—organisations are seeking ways to harness their potential without compromising safety or reliability. However, Emerson notes that public generative AI (GenAI) models, while widely available, are not suitable for high-availability, high-risk industrial applications due to their lack of precision and security.

Emerson addresses this gap with a differentiated AI approach grounded in physics- and engineering-based models. These local, customisable, domain-specific models reduce the risk of unreliable or unrealistic outputs by embedding first-principles knowledge into the AI itself. This ensures more interpretable, trustworthy results without the need to expose sensitive data to public cloud environments.

“Generic large language models are necessary for AI, but they are insufficient for a live, mission-critical industrial plant that cannot afford unreliable or unsafe results,” said Ram Krishnan, chief operating officer at Emerson. “Emerson’s solutions leverage industrial AI, built on decades of industry expertise and first principles constraints, to deliver correct, actionable guidance users can count on to make better operational and business decisions that will safely and rapidly drive competitive advantage.”

Emerson’s portfolio features a wide range of industrial AI applications designed to streamline engineering and operational workflows:

• AspenTech Optiplant® AI Equipment Layout: Uses GenAI to generate multiple viable plant layout options quickly, factoring in performance requirements and additional considerations such as safety zones and proximity constraints.

• DeltaV™ Revamp: Employs AI to modernise legacy control systems by analysing data from thousands of past projects, improving the accuracy and speed of system upgrades.

• AspenTech Strategic Planning for Sustainability Pathways™: Supports long-term decarbonisation planning by simplifying complex decision-making using GenAI-powered scenario analysis.

• Aspen Virtual Advisor (AVA): An AI-powered assistant that delivers expert guidance within Emerson platforms like Aspen PIMS™ and Aspen DMC3™, helping users troubleshoot bottlenecks and optimise performance using natural language queries.

Additional virtual assistants embedded in the Ovation™ 4.0 Automation Platform and Guardian™ Digital Platform provide visual explanations and insights to help users better understand control system operations.

At the Emerson Exchange 2025 conference in San Antonio, the company introduced Project Beyond, a new software-defined, OT-ready digital platform designed to orchestrate AI applications and manage contextualised data across embedded, edge, and cloud environments. Project Beyond is positioned to revolutionise the industrial automation landscape by integrating Emerson’s AI capabilities with real-time data and industrial context, delivering greater flexibility, safety, and performance.

“Emerson is the only company with the wide range of domain expertise, deep stores of first-principles models, vast array of fit-for-purpose technology solutions, and history of industry-shaping innovation necessary to deliver industrial AI tools that modern manufacturers can trust in a mission-critical environment,” Krishnan added.

With its Boundless Automation vision, Emerson continues to lead the transformation of the industrial sector by offering AI-driven solutions that modernise operations, support decarbonisation goals, and future-proof automation investments.

For more information visit www.Emerson.com

JERA Global Markets has officially commenced operations for its new Japanese power business, marking a significant milestone in its growth strategy. This achievement is the result of extensive planning, strategic alignment, and collaboration across various teams within the organisation and its shareholders, JERA Co., Inc. and EDF Trading.

As part of this new venture, Hisaki Endo, formerly MD of group coordination, has been appointed as managing director, Japanese Power. He will continue to serve on JERA Global Markets’ executive committee and will take on additional responsibilities overseeing the commercial and operational aspects of the Japanese power business.

Justin Rowland, CEO of JERA Global Markets, stated, “Hisaki’s strategic insights into JERA Global Markets and our business, combined with his proven track record, make him an ideal leader to drive our new Japanese power business forward. We are confident that his leadership and experience will play a key role in the growth and success of this venture.”

Expressing enthusiasm for his new role, Hisaki Endo commented, “I am thrilled to take on this opportunity within JERA Global Markets. The Japanese power team is focused on delivering impactful solutions that create lasting value for our customers and partners. We look forward to working closely with the broader JERA Global Markets organisation to achieve our shared purpose and culture.”

In addition to Endo’s appointment, JERA Global Markets has introduced key leadership roles to support the development and expansion of the Japanese power business:

• Takuro (Ron) Haga – deputy managing director, Japanese Power

• Matthias Soreau – head of Japanese Power trading

• Takehiko Fujiwara – head of Japanese Power origination & sales

• Florian Neubauer – head of Japanese Power business development

These appointments underscore JERA Global Markets’ commitment to establishing a strong presence in the Japanese power sector, leveraging strategic expertise and innovation to drive sustainable growth.

For more information visit www.jeragm.com

Shell Marine has officially opened a new lubricant storage facility in South Korea, a strategic move aimed at strengthening its global supply network and enhancing service delivery for customers in a key maritime hub. The inauguration was led by Shell Marine president, Houda Dabboussi.

Recognised as a pivotal location in global shipping, South Korea was carefully selected for this investment due to its importance to the marine industry and Shell’s global operations. The new tanks are expected to significantly improve order confirmation times—reducing them to within 48 hours—and will streamline logistics for customers operating in the region.

“This expansion reflects our commitment to investing in infrastructure that supports our customers’ needs,” said Dabboussi. “By enhancing efficiency and ensuring the ready availability of our high-quality marine lubricants, we are reinforcing our promise to deliver speed, reliability, and exceptional service where it matters most.”

Shell Marine continues to optimise its global operations by investing in key locations to better serve the evolving demands of the shipping industry. The new facility in South Korea represents a major step in enhancing service capabilities in one of the world’s most critical maritime regions.

For more information visit at www.shell.com

PALA Interstate announced its achievement of first place in the speciality trade hard craft – Division I (53,000 to 1.7 million hours) category at the Greater Baton Rouge Industry Alliance (GBRIA) Safety Excellence Awards. This recognition underscored the company’s unwavering commitment to safety and excellence in the industry.

The award highlighted the dedication of PALA Interstate’s employee owners, clients, and partners, whose efforts contributed to this significant accomplishment. The company expressed its gratitude to all who played a role in maintaining and upholding the highest safety standards.

This recognition reaffirmed PALA Interstate’s position as a leader in safety within the turnkey industrial construction services sector, further strengthening its reputation for delivering high-quality, safe, and reliable services.

For more information visit www.palagroup.com

At the World Hydrogen Summit & Exhibition 2025 in Rotterdam, VTTI and its partners formally handed over a joint Manifesto on Hydrogen Import Strategy to Sophie Hermans, the Netherlands’ minister of Climate and Green Growth. The presentation served as a strong call to action for accelerating the country’s commitment to a secure and globally integrated hydrogen supply chain.

The manifesto outlines the critical need for the Netherlands to develop robust policy instruments and financial frameworks that support the import and handling of hydrogen carriers, including infrastructure for large-scale ammonia storage and cracking facilities. These measures are viewed as vital for scaling up hydrogen imports and meeting national energy transition targets.

“Handing over the manifesto to minister Hermans, together with our partners, marks an important moment and a call to action to realise the full potential of hydrogen import, which is essential for a successful energy transition,” said Guy Moeyens, CEO of VTTI. “The ministry is asked to shape policy instruments including financial support on hydrogen carriers to realise large-scale ammonia storage and cracking infrastructure. At VTTI, we are proud to contribute our expertise and assets to accelerate this journey, in close collaboration with public and private stakeholders.”

VTTI’s efforts are spearheaded by its Amplifhy project, which aims to develop a scalable hydrogen import hub. By leveraging its strategic terminal locations and extensive energy infrastructure experience, VTTI is playing a pivotal role in turning hydrogen ambitions into tangible progress.

For more information visit www.vtti.com

Lloyd’s Register confirmed the successful completion of a joint development project focused on designing ammonia dual-fuel systems for Trafigura’s newbuild medium gas carriers.

As part of the project, LR conducted an extensive design evaluation and safety assessment, ensuring the proposed systems met its classification rules and international regulations.

The implementation of ammonia dual-fuel technology on these vessels represented a significant step in expanding the use of low-carbon fuels beyond specialised vessels to a wider range of ship types. Trafigura emerged as one of the first operators to commercially adopt this technology for MGCs.

In 2024, Trafigura signed a contract with HD Hyundai Mipo to construct four 45,000 cubic meter MGCs, each equipped with WinGD ammonia dual-fuel engines and Alfa Laval’s Ammonia Release Mitigation System. These vessels were designed to transport both liquefied petroleum gas and ammonia.

The ships were set to be built at HMD’s shipyard in Ulsan, South Korea, with deliveries expected to be completed by 2028.

Panos Mitrou, LR’s global gas segment director, highlighted LR’s role in the project, stating: “We are proud to have played a pivotal role in this collaborative project. It demonstrates our commitment to supporting the maritime industry’s energy transition efforts by offering exceptional technical expertise, rigorous safety evaluations, and regulatory leadership.”

He further emphasised LR’s dedication to pioneering pathways for alternative fuels and innovative technologies that would shape the future of decarbonised shipping.

The adoption of ammonia as a marine fuel had the potential to significantly reduce carbon emissions compared to conventional marine fuels. Additionally, the ammonia transported by these newbuild vessels could contribute to the decarbonisation of various heavy industries.

The order for ammonia dual-fuel vessels positioned Trafigura as one of the early movers in the low-emission tanker market, sending a strong demand signal to stimulate the production and infrastructure development of zero-carbon fuels. This initiative aligned with Trafigura’s broader commitment to reducing the carbon intensity of its shipping fleet, as well as its participation in the World Economic Forum’s First Movers Coalition and the Global Maritime Forum’s Getting to Zero Coalition.

Andrea Olivi, global head of shipping for Trafigura, highlighted the role of regulatory frameworks, stating: “EU regulations have been crucial in allowing us to execute this order. If we are to decarbonise freight and increase the demand for zero-carbon fuels across the world, we need the IMO to implement regulations including EU ETS and FuelEU Maritime on a global scale. The IMO needs to introduce a simple and transparent policy framework including, in our view, a global fuel standard combined with a straightforward levy applied equally across the board.”

Mr Lee, Dong-jin, head of the initial design division and the detailed design division at HD Hyundai Mipo, underscored the company’s commitment to innovation, stating: “We will focus on securing new environmental technologies to preoccupy future markets by actively utilising design and construction experience and synergy accumulated over a long period of time with HD Hyundai shipbuilding affiliates.”

A joint development project examining ammonia’s performance as a marine fuel commenced in December 2024 and would continue until the vessels’ delivery. The initiative brought together expertise from multiple organisations, including LR, Trafigura Maritime Logistics, HD Hyundai Mipo, HD Hyundai Heavy Industries’ Engine & Machinery Division, WinGD Ltd, Liquid Gas Equipment Limited (Babcock LGE), Alfa Laval Corporate AB, and the Maritime and Port Authority of Singapore.

For more information visit www.trafigura.com

Exolum has officially launched Ellevate, the company’s first women’s leadership programme, marking a significant step in its commitment to empowering female talent and cultivating inclusive leadership across the organisation.

Created with a clear purpose, Ellevate aims to foster an environment where women can lead from a place of authenticity, confidence, and influence. The programme goes beyond traditional development initiatives — it serves as a declaration of Exolum’s intent to ensure that leadership reflects the diversity of thought, experience, and capability within the company.

The initiative includes a combination of training, mentorship, and community-building opportunities designed to help participants progress in their careers while actively shaping the future of the industry. By creating dedicated spaces for development and collaboration, Ellevate will support women not only in achieving their personal goals but also in driving broader organisational change.

A message of gratitude was shared with those involved in bringing Ellevate to life, as well as the inaugural cohort of participants whose leadership journeys are expected to inspire others across the business.

With Ellevate, Exolum affirms that meaningful change begins internally — and that the transformation is already in motion.

For more information visit www.exolum.com

Amplitude Energy announced a binding interim joint venture agreement with partner O.G. Energy for the East Coast Gas Supply Project. The project targeted the supply of up to 90 terajoules per day through the existing Athena Gas Plant from 2028, subject to regulatory approvals, final investment decisions, and successful execution.

If successful, the project aimed to deliver much-needed gas supply to the southeast Australian market, providing enough gas to meet the needs of over 600,000 Victorian homes from as early as 2028. It was also expected to help address potential gas supply shortfalls, as highlighted in the Australian Energy Market Operator’s 2025 Gas Statement of Opportunities.

Athena Gas Plant – Source Amplitude Energy

The announcement of an aligned partner marked a crucial milestone in the delivery of the East Coast Gas Supply Project, one of the largest new gas supply sources in the southeast Australian market. With anticipated shortfalls and growing demand from Australian customers, the project represented a significant step towards securing domestic energy supply.

With the partnership in place, Amplitude Energy’s Board approved a preferred three-well drilling programme designed to bring up to 90 terajoules per day of new gas through the existing infrastructure at the Athena Gas Plant. All of the gas produced was committed to domestic use, supporting Australian energy security with a reliable new supply to the market.

For more information visit www.amplitudeenergy.com.au

CM Technologies is calling on shipowners and operators to urgently reassess their fuel and lubricating oil sampling protocols in light of revised International Maritime Organisation guidelines that have recently come into force.

Amendments to MARPOL Annex VI and SOLAS Chapter II-2 now mandate a 50 percent increase in the required sample volume, alongside more rigorous expectations around equipment, handling, and record-keeping. The updated guidance, outlined in IMO Circular MSC-MEPC.2/Circ.18, increases the minimum sample volume from 400ml to 600ml. This ensures sufficient fuel is available for sulphur content testing and flash point analysis, and also formalises procedures related to tamper-evident containers, proper labelling, and secure onboard storage.

“Sampling is often regarded as a technicality, but it is the foundation for effective compliance and dispute resolution,” said David Fuhlbrügge, Managing Director of CM Technologies. “Too often, we see crews using makeshift containers like recycled beverage bottles, which can compromise sample integrity and invalidate test results.”

Plastic drink bottles, he noted, often contain chemical additives and residual contaminants such as plasticisers, flavourings, or cleaning agents. These substances can interfere with accurate testing, potentially leading to re-sampling, delays, or the outright rejection of samples by laboratories.

“Labs may refuse to analyse samples in non-compliant containers or charge additional fees to transfer them,” said Fuhlbrügge. “Beyond laboratory issues, there are serious legal and commercial implications. Proper sampling is essential not just for verifying fuel quality, but for preserving a defensible chain of custody.”

Samples that are contaminated or poorly documented are typically dismissed in bunker fuel disputes or by Port State Control authorities, especially if results are marked ‘indicative only’. This could leave shipowners exposed to regulatory fines, vessel detention, or commercial liabilities.

“With the new IMO regulations in place, ship managers and crews can’t afford to take shortcuts,” Fuhlbrügge warned. “Any sign of tampering or inadequate documentation could compromise a vessel’s compliance status.”

The regulatory revisions also shift responsibility for tracking and storing MARPOL Delivered Samples from the ship’s master to the shipowner or management company, placing new emphasis on fleet-wide procedures and oversight.

“This reinforces the need for proper training and consistent practices,” said Fuhlbrügge. “Crews must be equipped to use compliant sampling equipment, seal and label containers accurately, and store samples securely for up to 12 months or until the fuel is used.”

CM Technologies provides a full suite of MARPOL-compliant tools, including drip-type bunker samplers, certified sample bottles, tamper-evident seals, and lockable storage cabinets. The company is also preparing new training materials and resources to assist shipowners in adapting to the updated regulatory landscape.

“The increased sample volume may appear minor, but it reflects a broader push toward stricter compliance enforcement,” Fuhlbrügge added. “Regulators and laboratories are scrutinising sampling practices more closely than ever. Having the right equipment—and using it properly—is now essential for compliance, risk mitigation, and operational reliability.”

CMT believes that these changes represent a valuable opportunity for the maritime sector to improve transparency, raise standards, and enhance resilience across the fuel supply chain.

For more information visit www.cmtechnologies.de

The MOL Group and MVM Group have entered into a new oil trading agreement aimed at diversifying Central Europe’s energy supply, with a focus on enhancing security for landlocked countries such as Hungary and Slovakia. Under the partnership, MOL will increase the volume of alternative crude oil processed in its refineries by up to 160,000 tonnes annually.

The agreement will see crude oil sourced from the Caspian region transported via the Baku-Tbilisi-Ceyhan pipeline to the Ceyhan terminal in Türkiye. From there, it will be distributed to MOL’s regional markets. This builds on MOL’s existing use of Azeri crude, which it began leveraging more significantly after acquiring a stake in the Azeri-Chirag-Gunashli oil field in 2020. In 2023, the company supplied 5 million barrels of crude from the field to its operations.

In 2024, the MVM Group also established a foothold in the Azeri energy sector by acquiring a 5 percent stake in the production sharing agreement for the Shah Deniz gas and condensate field. As part of the new agreement, MOL will purchase around 100,000 barrels of crude oil per month from Shah Deniz—adding approximately two full tanker shipments annually to the company’s current Azeri crude imports.

Réka Martini, director of strategy and transactions at MVM Group, commented:
“MVM Group has already taken major steps to diversify natural gas supply for Hungary and the region. We are now proud to contribute to regional oil supply security as well. MVM’s investment in Shah Deniz is not only financially sound but strategically significant, ensuring that part of the crude oil produced will reach Central Europe. This agreement is a prime example of mutually beneficial logistics cooperation between Hungary’s two largest energy companies and fully supports our national and corporate energy security goals.”

MOL has invested significantly over the years to enhance the region’s energy supply flexibility. Prior to 2022, the company allocated USD 170 million to upgrade the Adria pipeline and supporting infrastructure to enable alternative supply routes. Since then, MOL has tested 14 different types of crude oil and continues to increase technological flexibility in its refining operations.

Gabriel Szabó, executive vice president of downstream at MOL Group, added:
“Our position has always been clear: diversifying supply sources is key to affordable and secure fuel for landlocked countries in the region. We’ve worked for years on upgrading our refinery infrastructure and building a broader supply portfolio. This commercial agreement with MVM is a milestone in those efforts, giving us a reliable and scalable solution. However, regional energy security still depends on having at least two commercially viable and fully operational oil pipeline routes. Currently, the Adria pipeline does not yet meet that standard.”

In March 2023, MOL delivered a shipment of Azeri Light crude from the ACG oil field to its Slovnaft refinery in Bratislava. The 80,000–90,000-tonne shipment was transported from Ceyhan and routed via the Adria pipeline. This was the first time Slovnaft processed crude oil from a field in which MOL held an ownership stake—an important development in the company’s broader strategy.

Beyond financial gains, the collaboration between MOL and MVM enhances national and regional energy resilience. Jointly chartered tankers and a streamlined logistics framework offer tangible support for Hungary’s long-term energy security goals.

For more information visit www.molgroup.info/en

OPW Clean Energy Solutions has announced the rebranding of its specialised sub-brand divisions—Superior Products, Rockwood Swendeman, Special Gas Systems B.V., and Cryogenic Experts, Inc. as part of its growing clean energy technology portfolio. This strategic move reflects OPW CES’s ongoing commitment to providing integrated, end-to-end solutions for the hydrogen, LNG, helium, and industrial gas markets.

These established sub-brands, each with decades of technical expertise, will now operate under the broader OPW CES umbrella. Their combined capabilities enhance the company’s ability to deliver precision-engineered components, customisation services, and system innovations that support a wide range of clean energy applications. While OPW CES continues to expand its global presence through hero brands such as ACME Cryogenics, RegO Products, Demaco, CPC-Cryolab, and SPS Cryogenics B.V., the incorporation of these sub-brands adds depth and agility to the company’s component-level offerings.

Cryogenic Experts, Inc. (CEXI)
Based in Oxnard, California, CEXI has been a trusted name in the design and manufacturing of vaporisers for cryogenic and non-cryogenic fluids since 1971. The company’s products cover flow rates from 100 to over 3,000,000 SCFH and temperatures from -460°F to 1500°F. Operating from a 14,000 sq. ft. facility, CEXI supports sectors including food and beverage, electronics, medical, industrial, and aerospace with advanced manufacturing capabilities including ASME-certified welding, CNC machining, UL panel assembly, and high-pressure oxygen testing.

Superior Products
Tracing its roots back to the mid-1940s, Superior Products manufactures high-performance compressed gas fittings for the industrial, medical, and specialty gas markets. The company offers CGA fittings, hose assemblies, manifold systems, flash arrestors, and bespoke OEM components. With over 200 combined years of industry knowledge, Superior Products is recognised for its lean manufacturing processes and exceptional customer service.

Rockwood Swendeman
Specialising in safety relief valves for overpressure protection, Rockwood Swendeman supports mission-critical systems in cryogenic and industrial gas markets. Known for its competitive pricing and rapid lead times—often three weeks or less—the company’s valves are essential for maintaining safe pressure levels in vessels, pipelines, and other pressurised systems.

Special Gas Systems (SGS) B.V.
Established in 2006 and based in Heerhugowaard, The Netherlands, SGS B.V. complements cryogenic pipe production with a strong focus on the trade of gas panels, loose parts, and special components. A sister company to SPS Cryogenics B.V., SGS leverages modern stock management tools and a flexible supply model to offer tailored logistical solutions and faster turnaround times, making it a key partner for customers seeking efficiency and reduced supplier complexity.

The integration of these brands enhances OPW CES’s ability to serve a diverse range of clean energy applications with a comprehensive suite of products and services—all backed by the company’s unwavering focus on safety, innovation, and reliability.

For more information visit opwces.com

Hydrostatic testing—commonly referred to as hydrotesting—is a vital procedure used to verify the structural integrity of vessels designed to hold fluids ranging from water to crude oil. However, the very use of water during this process can inadvertently introduce the risk of corrosion, potentially leading to long-term integrity issues. Cortec® has addressed this concern with a straightforward solution: the addition of a corrosion inhibitor to the hydrotesting water.

A Simple and Versatile Solution

The Cortec® VpCI®-649 Series provides an effective and adaptable corrosion protection solution both during and after hydrotesting. This additive works by forming a protective film on metal surfaces in direct contact with the treated water. It also offers vapour-phase protection, creating a molecular barrier on surfaces within voids and areas above the waterline.

Image provided by Cortec

At a minimum dosage, VpCI®-649 protects vessels during hydrotesting. Increased concentrations can extend this protection for periods ranging from six months up to two years, depending on operational requirements. For applications where water reuse is necessary, the product is available with either a molybdate or PTSA tracer to confirm proper inhibitor concentration. An additional high-purity version, VpCI®-649 HP, is certified to meet ANSI/NSF Standard 61 for use in drinking water system components.*

The Importance of Proper Application

While selecting a corrosion inhibitor is critical, its effectiveness depends heavily on proper application. This begins with determining the correct dosage, which varies based on the type of water used and the intended duration of protection. For instance, protection needs may differ between a valve undergoing a short-term hydrotest and a heat exchanger that may remain unused on-site for an extended period.

Once the appropriate dosage is identified, ensuring thorough mixing and sufficient dwell time is equally important to guarantee comprehensive internal protection.

Protecting Systems Beyond the Test

Hydrotesting presents a particularly vulnerable moment in the life cycle of piping systems and fluid-handling vessels. The VpCI®-649 Series enables operators to mitigate corrosion risk, not only during the test itself but also throughout storage, transport, and delayed installation periods. With proper planning and implementation, this solution ensures long-term protection and peace of mind.

For those undertaking a hydrotesting project, incorporating corrosion protection with VpCI®-649 helps ensure that short-term validation does not lead to long-term complications.

For more information visit www.cortecvci.com

Fox Innovation & Technologies, a leading provider of advanced aftermarket services and solutions for high-speed rotating equipment, announced the acquisition of Sirio Solutions Engineering, a move that marked a significant milestone in FOX’s international expansion and service integration strategy.

Based in Prato, Italy, SSE brought with it nearly four decades of engineering excellence and customer service in the design and delivery of turbomachinery control systems, field solutions, and technical support for industrial process and energy infrastructure applications. The acquisition significantly enhanced FOX’s ability to offer comprehensive and integrated solutions to a global client base.

Vincent R. Volpe, CEO of FOX, commented:

“This acquisition added two critical dimensions to Fox. First, SSE contributed systems engineering and turbomachinery controls capabilities to our recently launched Revamp business for turbo compressors in industrial process and energy infrastructure applications. This enabled us to offer clients a more integrated solution, reducing project complexity.

Second, SSE’s longstanding international presence, with extensive experience working on high-speed turbomachinery and process reciprocating compressors, expanded our field service reach across Europe, Eurasia, the Middle East, North Africa, and South America. These capabilities complemented our existing presence in the United States, which was established through the acquisition of the Cotter Group (S.T. Cotter Turbines and Axis Mechanical Group).”

Volpe added that the transaction represented another strategic step aligned with FOX’s growth roadmap, developed in partnership with Bluewater, a specialist private equity firm focused on the energy sector. He confirmed that FOX would continue to pursue targeted acquisitions to expand its global footprint and service capabilities, while maintaining its commitment to industry-leading efficiency and rapid project execution.

The acquisition process was led by Jesus Pacheco, a FOX Board Member and veteran industry executive, who played a pivotal role in fostering close collaboration between FOX leadership and SSE management. Sergio Pazzi, founder and president of the board of SSE, was set to continue providing strategic guidance and operational support following the integration.

Jesus Pacheco stated:

“We were impressed by SSE’s world-class technology, quality, and execution standards. Their proven ability to deliver value to OEMs, packagers, and end-users—through deep expertise in turbomachinery, controls, and auxiliary systems—perfectly complemented FOX’s compressor technologies, engineering, and service offerings. We are pleased to welcome the SSE team to FOX and look forward to helping customers enhance energy efficiency and reduce carbon emissions through an expanded portfolio of technologies and field capabilities.”

FOX has been backed since its inception by Bluewater, which has played an instrumental role in shaping and supporting the company’s growth strategy. Tom Sikorski, founding partner at Bluewater, remarked:

“We have made tremendous progress at FOX over the past several years in building out our technology and solutions portfolio. This acquisition represents yet another key piece of the puzzle, and we are proud to support Vince and the FOX team in this exciting chapter.”

The integration of SSE into the FOX platform began immediately, ensuring a seamless transition for employees and clients alike. The combined entity aimed to deliver enhanced aftermarket services to the high-speed rotating equipment segment, particularly in critical energy infrastructure applications, with benefits being realised from day one.

For more information visit www.foxinnovation.com

VARO Energy has announced an agreement to acquire Preem Holding AB and Preem AB through the purchase of 100 percent of the share capital of Corral Petroleum Holdings AB, the parent company. The transaction, structured as an all-cash deal, is expected to be completed in the second half of 2025, subject to regulatory approvals and customary closing conditions.

The agreement follows a competitive mergers and acquisitions process initiated after Corral Petroleum Holdings announced a strategic review of its assets in late 2023. VARO has been engaged in this process for over 15 months, having entered into exclusivity in August 2024. As part of the process, Deutsche Bank (Suisse) SA, acting as the pledgee of Corral Petroleum Holdings’ shares, executed the sale agreement on behalf of the parent company, Moroncha Holdings Co. Ltd.

Preem is one of Scandinavia’s largest energy companies, playing a crucial role in the region’s energy security by supplying over 40 percent of Sweden’s transportation fuel and approximately a quarter of Scandinavia’s energy needs. The company serves customers across 17 European countries and has been an early adopter of renewable fuel production. Since 2010, Preem has invested nearly US$1 billion in renewable fuels and initiatives aimed at reducing carbon intensity throughout its value chain. These investments will enable the company’s renewable fuel production to increase from 0.3 million tonnes per annum (mtpa) to 1.3 mtpa with the upgrade of the Synsat diesel plant, which will allow up to 40 percent co-processing of renewable feedstocks. Additionally, Preem has a strong pipeline of further renewable fuel projects.

Preem operates two major fuel manufacturing facilities in Sweden, located in Lysekil and Gothenburg. With a combined capacity of 352,000 barrels per day, these facilities account for 80 percent of Sweden’s refining capacity and have the capability to co-process renewable feedstock. The company’s assets are highly complementary to VARO’s existing operations across northwest Europe, with minimal overlap.

VARO’s CEO, Dev Sanyal, described the acquisition as transformational for the company. He noted that, upon completion, VARO would become Europe’s second-largest renewable fuel producer, with a broad distribution and storage network spanning key European markets and a conventional fuel production capacity of 530,000 barrels per day. The combined entity will serve over 50,000 business customers in 33 countries, supported by a portfolio of mature renewable fuel projects.

Marcel van Poecke, chairman of VARO and chairman of energy at Carlyle, highlighted the value creation opportunities presented by the acquisition. He emphasised that the deal would enable disciplined investment in future growth projects while ensuring the delivery of secure and reliable energy to Europe.

Russell Hardy, a member of VARO’s Supervisory Board and CEO of Vitol, welcomed the transaction, stating that the combined entity would become Europe’s second-largest biofuel producer, a key element in decarbonising transportation. He noted that the business would benefit from access to Vitol’s network and expertise, further strengthening its ability to meet evolving market demands.

Strengthening a Leading Energy Provider

The acquisition will significantly expand VARO’s geographic footprint across major European markets, enhancing its ability to source global feedstocks and serve an enlarged customer base. By integrating Preem’s manufacturing facilities with VARO’s assets in Cressier and Bayernoil, total fuel manufacturing capacity will reach 530,000 barrels per day. The combined company will supply over 50,000 business customers and account for nearly 10 percent of all road and marine fuels sold in Europe, with Sweden becoming its largest manufacturing hub.

The new entity will also emerge as Europe’s largest co-processor of renewable feedstocks and one of the world’s top five producers of Hydrotreated Vegetable Oil and Sustainable Aviation Fuel. It will be the leading renewable fuel producer in Sweden and the second-largest in Europe.

The strategic focus will be on three key investment priorities. Firstly, enhancing supply security and asset resilience across manufacturing, distribution, and storage. Secondly, decarbonising and increasing the efficiency of conventional manufacturing assets. Thirdly, investing in the combined company’s portfolio of biofuel projects, ensuring alignment with evolving customer demand for sustainable energy.

Advancing VARO’s 2022 Strategy

In 2022, VARO set ambitious targets to triple EBITDA by 2026, with 50 percent of earnings derived from sustainable energies. The company has already made substantial progress towards these objectives, including the acquisition and expansion of a biogas facility in Coevorden and the development of a Sustainable Aviation Fuel facility in Rotterdam. The integration of Preem is expected to further strengthen VARO’s position in achieving these financial and sustainability goals.

Both VARO and Preem have demonstrated a commitment to decarbonisation, with a shared objective of reducing carbon intensity across their operations. Since implementing carbon tracking measures, the two companies have collectively reduced their own CO2 emissions by 16 percent and have abated 5.5 million tonnes of CO2 per year for their customers.

A Long-Term Investment Approach

Since its founding in 2012, VARO has completed nearly 20 acquisitions, establishing a strong track record of investing in and integrating acquired businesses. Backed by long-term strategic and financial investors, the company remains committed to supporting energy security and decarbonisation efforts in its key markets.

With strong cash flow generation and a long-term asset management strategy, VARO aims to ensure responsible stewardship of Preem’s operations. The company will continue to play a key role in Sweden and the wider region’s energy security and transition towards sustainable energy solutions.

For more information visit www.varoenergy.com