The ROSEN Group has proudly released its first Sustainability Report for the 2024 fiscal year, reinforcing its long-standing commitment to environmental, social, and governance principles. This milestone reflects the company’s dedication to safeguarding people, communities, and the environment, while driving innovation and responsible practices across its global operations.

Erik Cornelissen, CEO, remarked:

“The publication of our first ROSEN Group Sustainability Report marks a special milestone in our ESG journey. Sustainability has been the cornerstone of our core business since the company was founded, ensuring the integrity of industrial assets and thus fostering a sustainable future for people and nature.”

For over 40 years, the ROSEN Group has been at the forefront of applied research, technology development, and asset integrity solutions. These efforts are pivotal in protecting vital infrastructure, preventing environmental harm, and enhancing the resilience of systems essential to modern society.

In 2023, ROSEN initiated a comprehensive corporate sustainability strategy, laying the groundwork for integrating ethical, social, and environmental practices across all business units. This initiative is supported by actionable plans and a dedicated team driving implementation across the organisation.

Roland Kampe, Chief Legal and Compliance Officer, added:

“In a changing world, sustainability is a relevant growth factor for the future success of the company. We’ve made ESG a strategic priority, supported by a dedicated team that drives implementation across the organisation.”

The newly published report provides insights into the company’s sustainability journey, detailing progress in embedding ESG frameworks within its operations. Although voluntarily published, the report adheres to the European Sustainability Reporting Standards (ESRS), aligned with the Corporate Sustainability Reporting Directive (CSRD) of the European Union. It specifically covers two subsidiaries, with a full group-wide report planned for release next year.

Key focus areas in the report include governance, social responsibility, and environmental stewardship, each closely aligned with the company’s strategic vision and core values. As ESG frameworks continue to evolve, the ROSEN Group remains committed to adapting and responding to emerging challenges and opportunities.

This inaugural publication highlights the company’s drive to further integrate sustainability into its long-term business strategy and affirms its purpose of securing a sustainable future – empowered by technology.

For more information visit www.rosen-group.com

ERGIL, a global leader in the design and manufacture of storage tanks and process equipment, has been awarded a significant contract to supply high-specification storage solutions for a major early production facility project.

As part of this prestigious agreement, ERGIL will design and deliver six high-capacity vertical atmospheric storage tanks, each with a capacity of 500 barrels. Engineered in accordance with API 12F standards, the tanks will measure 3,658 mm in diameter and 7,490 mm in height, and are built to safely operate at pressures up to 69 mbarg and temperatures ranging from -5°C to +90°C.

Notably, the tanks will be delivered within a fast-tracked timeline, demonstrating ERGIL’s ability to meet urgent operational needs with both speed and precision.

The project’s comprehensive scope of supply includes:

• Detailed finite element analysis to ensure the structural integrity of key components such as lifting trunnions, tailing lugs, and transportation skids.

• Integration of critical accessories, including gauge hatches and emergency relief valves.

• Internal and external coating, thorough inspection and testing, and precise weight certification.

ERGIL’s sales manager commented on the milestone:

“This project highlights ERGIL’s strong capabilities and commitment to manufacturing excellence according to API 12F standards. We are proud to deliver reliable and superior-performance storage solutions, supporting critical operations in demanding environments.”

Beyond fabrication, ERGIL will also provide ongoing technical support throughout the entire project lifecycle, ensuring optimal performance from manufacturing through to post-delivery operations.

This contract reaffirms ERGIL’s reputation as a trusted partner for complex industrial projects and its continued leadership in delivering resilient, high-performance storage solutions to global energy and infrastructure sectors.

For more information visit www.Ergil.com

Arun Sriskanda, managing director at Oikos Storage, has been elected as the new president of the Tank Storage Association, the UK’s trade association representing the bulk storage and energy infrastructure industry. He succeeds Wilma Kelly, safety, sustainability and engineering director at Certas Energy.

In addition, Peter Hollister, group head of fuels and lubricants at ASCO, has been elected as vice-president and will also join the TSA’s board of directors. The transition of leadership took place during the TSA’s Annual General Meeting on 25th March 2025.

Commitment to Growth and Collaboration

Commenting on his appointment, Sriskanda expressed his gratitude and enthusiasm for leading the association at a pivotal time for the industry. He highlighted the sector’s central role in the UK’s economic prosperity and its promising future. He emphasised his commitment to fostering collaboration and growth while addressing emerging challenges.

Sriskanda also acknowledged the contributions of outgoing president Wilma Kelly, praising her leadership during a period of significant external change, including post-pandemic recovery, geopolitical shifts, and the transition towards Net Zero. He extended his appreciation to the board members for their ongoing support and welcomed Hollister to his new role.

Strengthening the Industry’s Future

Hollister welcomed his appointment as vice-president, recognising the importance of the role at a time of transformation for the industry. He expressed his commitment to working with TSA members to promote the sector’s innovation, resilience, and future ambitions.

With new leadership in place, the TSA continues its dedication to representing and supporting the UK’s bulk storage and energy infrastructure industry as it navigates evolving challenges and opportunities.

For more information visit www.tankstorage.org.uk

Crescent Energy Company has announced the appointment of J.D. (“Joey”) Hall as chief operating officer, effective 2 June 2025.

Mr Hall brings with him extensive industry experience, having most recently served as executive vice president of operations at Pioneer Natural Resources Company, where he was also a member of the company’s executive committee. Over the course of his multi-decade career at Pioneer, he held senior leadership roles guiding development and operational strategy across key regions, including the Eagle Ford and Permian Basin.

A graduate of Texas Tech University with a Bachelor of Science in Mechanical Engineering, Mr Hall is also a Registered Professional Engineer in the State of Texas. Beyond his professional achievements, he and his family are active philanthropists and co-founded the nonprofit Will to Cure ALD, dedicated to supporting research and awareness for adrenoleukodystrophy.

“I am excited to join the Crescent team and a company I see as one of the best-positioned growth stories in the energy sector,” said Joey Hall.
“I look forward to working with the team to scale operational capabilities and drive sustainable, long-term growth. Our focus will remain on delivering strong financial results while advancing innovation, environmental responsibility, and a culture of safety and operational excellence.”

David Rockecharlie, chief executive officer of Crescent, welcomed the appointment:

“We are thrilled to welcome Joey Hall to the Crescent team. Joey is a proven leader and trusted teammate with a world-class track record of operational success. Crescent continues to build on our leading combination of investing and operating expertise, enabling us to advance our investment grade ambitions and deliver long-term value to our shareholders.”

Mr Hall’s appointment signals Crescent’s ongoing commitment to strengthening its leadership team and enhancing its operational performance as it continues to grow its position in the energy sector.

For more information visit www.crescentenergyco.com

On 28 April, the historic halls of Palazzo Bo in Padua hosted the 1st International Safety Workshop, a landmark event dedicated to exploring how emerging technologies are shaping the future of workplace safety. Organised by the ICEA Dipartimento di Ingegneria Civile Edile e Ambientale and the Dipartimento di Ingegneria Industriale (DII) of the University of Padua, the workshop coincided with the World Day for Safety and Health at Work.

The event brought together academic experts, industry leaders, and institutional representatives to discuss the critical interplay between innovation and worker protection in modern industrial settings.

Among the key contributors was Gerotto, who shared its field experience through a presentation titled:“The Future of Industrial Safety: Remote-Controlled Robots in High-Risk Environments.”
The talk highlighted the advancements in no-man entry robotic systems used for industrial cleaning, and their increasing integration with artificial intelligence and sophisticated sensor technologies.

Gerotto’s presentation sparked strong engagement and discussion around the potential for technology to serve as a powerful ally in ensuring safety—facilitating more effective interaction between machines, workspaces, and human operators.

Participation in the workshop reinforced Gerotto’s commitment to bridging the gap between academic research and industrial practice. The company continues to focus on transforming innovative concepts into practical solutions that enhance safety for those operating in challenging and hazardous environments.

This inaugural event marked a significant step forward in fostering collaboration between academia and industry, and in charting a path toward safer, technology-enhanced workplaces worldwide.

For more information visit www.gerotto.it

The Port of Lake Charles is set to become the site of the largest single foreign direct investment in the history of Louisiana, following the final investment decision by Australia’s Woodside Energy to proceed with the Louisiana LNG project—a landmark $17.5 billion liquefied natural gas development.

Announced this week, Louisiana LNG will feature a three-train facility with an initial capacity of 16.5 million tonnes per annum, with full permitting secured for a total capacity of 27.6 Mtpa. LNG exports are expected to begin in 2029.

During construction, the project is expected to support approximately 15,000 jobs across the United States and will create an estimated 4,000 permanent jobs nationally once fully operational. The development also includes the potential for two additional LNG trains, further expanding its long-term strategic significance.

Port of Lake Charles executive director Richert Self welcomed the announcement, stating:

“We welcome this record-setting investment. Multiple enterprises on Port property already make us the No. 1 LNG export area in the world, and Louisiana LNG will position us even more powerfully in the 2030s and beyond.”

Port Board president Kevin Guidry added:

“Louisiana LNG represents just the latest way the Port of Lake Charles serves and supplies the world — with energy, major cargo, and other global services. We’re committed to world-class operations, and Louisiana LNG’s commitment shows our capability and capacity for growth.”

The Port of Lake Charles ranks as the 10th-busiest deepwater port in the United States by cargo tonnage, according to the US Department of Commerce.

Woodside Energy CEO Meg O’Neill described the final investment decision as a transformative moment for the company:

“Green-lighting Louisiana LNG on Port property is a game-changer. This project will position Woodside to even better serve global customers and meet growing energy demand.”

Headquartered in Perth, Australia, Woodside Energy noted that the Louisiana LNG project benefits from:

• Ready access to abundant, low-cost US natural gas resources

• A robust and mature interstate and intrastate gas supply network

• An expected operational lifespan of over 40 years

Construction activity is already progressing, with pilings completed for Train 1 and the LNG storage tanks. Foundation work is currently under way for the tanks.

Louisiana LNG marks a bold step forward for American energy infrastructure and international cooperation, and further solidifies the Port of Lake Charles as a global hub for energy exports.

For more information visit www.portlc.com

Ithaca Energy, a leading UK independent production and growth company, has signed a sale and purchase agreement to acquire the entire issued share capital of JAPEX UK E&P Limited from Japan Petroleum Exploration Co. Ltd. The transaction, valued at USD 193 million based on an effective date of 1 January 2024, will increase Ithaca Energy’s working interest in the Seagull oil field in the UK North Sea from 35 percent to 50 percent, aligning with bp’s stake as the field operator.

Strengthening Reserves and Production

Upon completion, the transaction is expected to add approximately 7 million barrels of oil equivalent (mmboe) of 2P reserves (as of 1 January 2025) and contribute an estimated production of 4,000–4,500 barrels of oil equivalent per day (boe/d) in 2025. The production profile will consist of approximately 82 percent liquids, with the remainder as gas. This acquisition aligns with Ithaca Energy’s strategy to pursue value-accretive mergers and acquisitions, strengthening its presence in the UK Continental Shelf.

Transaction Details and Tax Benefits

The total transaction consideration is subject to customary purchase price adjustments, with an estimated completion payment of approximately USD 140 million, assuming a closing date of 30 June 2025. Additionally, the acquisition includes JUK’s material tax losses, amounting to approximately USD 215 million in both Ring Fence Corporation Tax and Supplementary Charge Tax, as well as USD 105 million in Energy Profit Levy losses. These tax attributes reflect JUK’s significant investment in the Seagull oil field. The deal represents a valuation of approximately USD 10 per barrel of oil equivalent, excluding tax losses.

Overview of the Seagull Oil Field

Located in the UK Central North Sea, the Seagull oil field contains over 300 mmboe in place and is a high-margin producing asset. The field has been developed as a subsea tieback to bp’s central processing facility at the Eastern Trough Area Project. Production commenced in November 2023 from the J1 well, with the J2 and J3 wells now online. The fourth well, J4, is scheduled to come onstream in the second half of 2025. The field is expected to remain in production until the mid-2030s.

Strategic Growth for Ithaca Energy

Commenting on the acquisition, Ithaca Energy’s executive chairman, Yaniv Friedman, stated: “Today’s announcement regarding the acquisition of JUK demonstrates Ithaca Energy’s growth strategy in action, with a highly accretive, easily digestible, and synergistic deal that will add incremental production for the Group in a well-understood, high-value field.”

This acquisition further strengthens Ithaca Energy’s portfolio, enhancing its position in the UK North Sea and supporting its long-term growth strategy.

For more information visit www.ithacaenergy.com

Hydrogenious LOHC Technologies has reached a significant milestone in the development of the world’s largest hydrogenation plant designed for the safe and efficient storage of hydrogen using benzyltoluene (LOHC-BT). The company has officially received the building and operating permit under §4 of the German Federal Immission Control Act (BImSchG) for Project ‘Hector’, to be located at Chempark Dormagen in North Rhine-Westphalia.

Major Regulatory Milestone for Innovative Hydrogen Storage

The application, submitted in May 2023 to the District Government of Cologne, successfully passed all regulatory review stages, including public consultation and hearings. This approval is a landmark moment for the commercial deployment of Hydrogenious LOHC’s innovative liquid organic hydrogen carrier technology, affirming its readiness for industrial-scale implementation. The achievement reflects the dedication of the Hydrogenious team and the strong collaboration with project partners Covestro Deutschland AG and Currenta GmbH & Co. OHG.

Chempark Dormagen in North Rhine-Westphalia, Germany © www.sport-fotografie.de

Project Oversight and Future Operations

LOHC Industrial Solutions NRW GmbH, a subsidiary of Hydrogenious LOHC Technologies based in Neuss, will oversee the management, construction, and operation of the facility. Commercial commissioning is expected by the end of 2027. Once operational, the plant will store up to 1,800 tonnes of hydrogen annually in LOHC-BT, ensuring safe and long-term storage.

The facility will be located on Covestro’s site at Chempark Dormagen. Covestro, a shareholder in Hydrogenious LOHC since 2019, intends to supply hydrogen produced from its chlorine electrolysis plants, qualified as RFNBO (Renewable Fuels of Non-Biological Origin), for the hydrogenation process.

Driving Innovation Through Scientific Collaboration

In addition to its industrial objectives, Project ‘Hector’ will also support scientific research aimed at optimising LOHC technology. The Helmholtz Institute Erlangen-Nürnberg for Renewable Energy (HI ERN), part of Forschungszentrum Jülich, is a key partner, focusing on catalyst development, quality assurance, and material integrity. The project is backed by EUR 9 million in funding from the state of North Rhine-Westphalia’s progress.nrw initiative, with HI ERN receiving approximately EUR 2 million for research contributions.

Creating a Resilient Hydrogen Supply Chain

Following commissioning, the Dormagen-based plant will integrate into Hydrogenious’ IPCEI project ‘Green Hydrogen @ Blue Danube’, facilitating hydrogen transport to Southern Bavaria via a release plant in the Ingolstadt region. The overarching ‘LOHC Link’ initiative aims to create a robust green hydrogen supply chain—one that offers an effective solution for regions without direct access to ports or pipelines.

Leadership Perspectives

Dr. Andreas Lehmann, CEO of Hydrogenious LOHC Technologies, stated:
“The official approval of the storage plant is a significant achievement for our team and partners. It demonstrates the viability of our LOHC technology on an industrial scale and marks an important step forward in our mission to advance the hydrogen economy. We are grateful for the support of the state of North Rhine-Westphalia and our partners and look forward to the progress of this groundbreaking project.”

Dr.-Ing. Stefan Bürkle, COO of Hydrogenious LOHC Technologies, added:
“Realising the world’s first commercial, end-to-end LOHC-BT value chain is both a challenge and an opportunity. We are now preparing to enter the FEED and EPCm phase for both the ‘Hector’ storage plant and the ‘Blue Danube’ release plant. With our partners, we are confident in delivering a pioneering contribution to the future of clean energy supply.”

Project ‘Hector’ stands as a major advancement for hydrogen infrastructure in Europe and a model for future green energy logistics based on safe, scalable liquid hydrogen storage.

for more information visit www.hydrogenious.net

Balmoral Tanks, a globally recognised leader in the production of digester tanks for anaerobic digestion plants, is set to expand its footprint into the United States with the launch of a new operations facility in Northeast Ohio. Scheduled to open in summer 2025, the site will exclusively manufacture epoxy-coated steel tanks under the company’s proprietary efusion® brand.

This expansion marks the company’s official entry into the US market, where it sees significant growth potential. The Ohio facility will initially employ around 20 team members and represents a strategic investment of approximately $2 million—part of Balmoral’s ongoing commitment to innovation and excellence, which has seen a total of $30 million invested in its Tanks business since 2018.

“Allan Joyce, president of Balmoral Tanks LLC, stated: “Over the past 45 years, Balmoral Tanks has built a strong reputation for quality, efficiency and outstanding customer service. We’re excited to bring that same commitment to our U.S. operations, where we will design, manufacture and install digester tanks tailored to local market needs.”

The new Ohio facility will be Balmoral’s third global manufacturing site, joining existing locations in England and Wales. With some of the most advanced tank production technologies in the industry, the company is well-positioned to meet the rising demand for biogas infrastructure across North America.

“Our ‘Made in the U.S.A.’ tanks will deliver the same high-quality, durable and cost-effective performance that our customers have trusted for decades,” added Joyce.

Paul Tattershall, general manager of Balmoral Tanks’ US operations, highlighted the practical benefits of domestic production: “Manufacturing our tanks in America will not only strengthen our relationships with US clients but also reduce logistics costs and lead times, while mitigating transportation risks. This is particularly important as the U.S. biogas sector continues to expand.”

Anaerobic digestion is a sustainable process that converts organic waste—such as food and agricultural by-products—into biogas, using sealed oxygen-free tanks known as digesters. Balmoral Tanks offers what is considered the industry’s most comprehensive range of tank solutions from a single source, supporting energy resilience and carbon reduction goals.

Among its high-profile projects, Balmoral recently supplied two 11,500m³ digester tanks – among the largest in the world—for an advanced AD facility in Michigan. Each of these digesters is expected to produce two megawatts of energy, enough to power millions of US homes for a month.

With its expansion into Ohio, Balmoral Tanks is reinforcing its role as a critical partner in advancing renewable energy infrastructure across the United States.

For more information visit www.balmoraltanks.com

Shell has presented its next strategic steps at Capital Markets Day 2025, reinforcing its commitment to value creation while maintaining a strong focus on performance, discipline, and simplification.

Chief executive officer Wael Sawan highlighted the company’s progress since its 2023 Capital Markets Day, stating: “We have made significant progress against all of the targets we set out. Thanks to the outstanding efforts of our people, we are transforming Shell to become simpler, more resilient, and more competitive. We want to become the world’s leading integrated gas and LNG business and the most customer-focused energy marketer and trader, while sustaining a material level of liquids production. Today we are raising the bar across our key financial targets, investing where we have competitive strengths, and delivering more for our shareholders.”

Key Announcements

Shell has outlined several key initiatives to drive shareholder value and operational efficiency, including:

• Enhanced Shareholder Distributions: Increasing shareholder distributions from 30-40 percent to 40-50 percent of cash flow from operations (CFFO) through the cycle, with a continued focus on share buybacks, while maintaining a four percent per annum progressive dividend policy.

• Structural Cost Reductions: Raising the structural cost reduction target from USD 2-3 billion by the end of 2025 to a cumulative USD 5-7 billion by the end of 2028, compared to 2022 levels.

• Disciplined Growth Investment: Committing to capital expenditures of USD 20-22 billion per year for 2025-2028, ensuring disciplined investments in areas of competitive strength.

• Free Cash Flow Growth: Aiming to grow free cash flow per share by more than 10 percent per year through to 2030.

• Climate Targets: Maintaining the company’s climate targets and ambition as set out in Shell’s Energy Transition Strategy 2024.

Strengthening Leadership in Key Areas

To deliver more value while reducing emissions, Shell will focus on:

• Liquefied Natural Gas (LNG): Reinforcing its leadership position by increasing LNG sales by four to five percent per year through to 2030.

• Upstream and Integrated Gas: Growing production by one percent per year to 2030 while sustaining 1.4 million barrels per day of liquids production with lower carbon intensity.

• Downstream and Renewables & Energy Solutions:

  • Expanding high-return mobility and lubricants businesses.

  • Leveraging competitive strengths to develop scalable, profitable lower-carbon platforms, allocating up to 10 percent of capital employed to this sector by 2030.

  • Unlocking additional value from Chemicals assets through strategic partnerships in the US, targeted portfolio high-grading, and selective closures in Europe to improve returns and reduce capital employed.

Shell remains focused on creating long-term value with lower emissions, strengthening its competitive advantages, and delivering a compelling investment case for shareholders now and in the future.

For more information visit www.shell.com

Actility, a global leader in Industrial IoT connectivity, has named TWTG its most innovative and valued partner in the Benelux region, recognising the companies’ enduring collaboration and shared commitment to advancing industrial digitalisation.

The award reflects the strength of the partnership between the two companies, which is rooted in technical expertise, alignment in values, and successful joint initiatives, particularly within the oil and gas and chemical industries.

Image provided by TWTG

“TWTG has consistently demonstrated not only technical excellence, but also a deep understanding of how to bring LoRaWAN to life in hazardous environments,” said Olivier Hersent, CEO of Actility Group. “Their relentless drive to improve operational efficiency, enhance safety, and accelerate smart industry adoption makes them a standout partner. We are proud to acknowledge their contribution to Industrial IoT and look forward to continuing our collaboration globally.”

A PARTNERSHIP BUILT ON INNOVATION AND IMPACT

Over several years, the partnership has grown to deliver significant value to customers operating in challenging environments. TWTG’s industrial-grade NEON Sensors, certified to IECEx and ATEX standards for use in hazardous areas, integrate seamlessly with Actility’s ThingPark® IoT platform. This combination enables the rapid deployment of scalable LoRaWAN-based monitoring solutions, meeting the safety and reliability demands of critical infrastructure.

Nadine Herrwerth, business development & commercial director at TWTG, said:
“Actility’s technology leadership and global footprint make them a key strategic partner for us. Their openness and drive for quality integration align strongly with our values. Working together has enabled us to deliver real value to customers, and we are honoured by this recognition.”

SCALING INDUSTRIAL DIGITALISATION WORLDWIDE

The collaboration between Actility and TWTG is now focused on expanding globally, with a particular emphasis on the Middle East region. By uniting Actility’s LoRaWAN connectivity with TWTG’s rugged, industrial-grade sensors, the partnership offers enterprises a reliable path to enhance efficiency, safety, and intelligence across industrial operations.

The joint solutions are designed to support critical infrastructure with secure, scalable IoT deployments tailored to regional requirements, ensuring businesses can achieve their digital transformation goals with confidence.

Together, Actility and TWTG are setting new benchmarks for innovation in Industrial IoT, leading the way in making connected industry safer, smarter, and more sustainable.

For more information visit www.TWTG.io

Vitol’s Elandra Falcon has become the first vessel to bunker fuel at Fujairah, marking a significant milestone for Vitol Bunkers. The company is set to provide its customers with FuelEU compliant co-processed bunkering fuel, which is produced at Vitol’s refinery in Fujairah. This refinery has a capacity of 100,000 barrels per day (kbd) and produces finished-grade bunker fuel, with plans to market the product in multiple locations in the near future.

The co-processed fuel adheres to the RMG380 VLSFO grade and shares the same chemical composition and quality as conventional fuel, thereby eliminating the need for additional permissions or specific clauses in charter party agreements. By utilising co-processing, a diverse array of sustainable feedstocks can be incorporated into marine fuels, reducing competition with road transport, alleviating pressure on crop-based feedstocks, and enhancing the feasibility of waste-based and advanced feedstocks.

This co-processing has received certification under the ISCC-EU scheme, which mandates stringent criteria, including annual audits of the refinery and regular product specification checks. The carbon intensity of the sustainable component of the fuel aligns with used cooking oil methyl ester (UCOME), achieving over a 70 percent reduction in greenhouse gas intensity (GHGi) compared to fossil-based alternatives. Compliance monitoring for lower GHG intensity fuels in line with FuelEU Maritime regulations is conducted in collaboration with DNV’s Emissions Connect product, which tracks the consumption of co-processed and other sustainable fuels for verification by 2026.

Helge Hermundsgård, head of sales for Emission Connect at DNV, expressed satisfaction in supporting Vitol with the compliance challenges posed by FuelEU Maritime through the Emissions Connect solution. He emphasized that this purpose-built system is designed to navigate regulatory complexities and assist customers in mitigating associated business risks. Emissions Connect facilitates consistent monitoring and management of emissions data from individual voyages to entire fleets, enabling seamless integration of data from various providers and the swift generation of necessary emissions statements. This capability allows maritime stakeholders, including Vitol, to prepare confidently for upcoming regulatory demands and commercial opportunities.

Ian Butler, head of energy transition for shipping at Vitol, shared enthusiasm for the recent introduction of FuelEU Maritime, highlighting the expansion of compliant fuel offerings for customers, which now includes co-processed VLSFO alongside biofuel blends up to B100. He remarked on the growing regulatory complexity and reaffirmed Vitol’s commitment to innovation, with a focus on delivering products that facilitate customer compliance efficiently and conveniently.

For more information visit www.vitol.com

X2 Resources, LLC has announced the successful closing of an equity capital commitment from EnCap Investments L.P., Westlawn Group LLC, Rice Investment Group, and its own management team, positioning the company to pursue significant acquisition opportunities in the oil and gas sector.

Backed by this group of high-profile investors, X2 is actively targeting acquisition opportunities ranging from $500 million to multi-billion dollars across leading US oil and gas basins. The company plans to leverage its deep operational expertise and team-driven culture to develop and manage large-scale upstream assets.

“We are thrilled to be in partnership with EnCap, Westlawn, and RIG, and deeply appreciate their support and trust,” said Gray Lisenby, CEO of X2. “Our equity partners and operating team are aligned and confident in our ability to develop large-scale assets and generate attractive risk-adjusted returns.”

Jason DeLorenzo, managing partner at EnCap, added, “We are excited to partner with X2 in its next venture. X2 has a proven track record of excellence, and we believe the team is well positioned to capture a significant asset base and execute on a large-scale development programme in an efficient and responsible manner. We greatly appreciate our long-standing partnership with Gray and the X2 team and look forward to building another successful enterprise together.”

The X2 team previously led the rapid growth and strategic sale of XCL Resources, LLC to SM Energy Company and Northern Oil and Gas, Inc. for $2.64 billion in October 2024. During its ownership, XCL developed 250 wells across 12 formations in Utah’s Uinta Basin, increasing oil production from 10,000 to 60,000 barrels per day.

Legal counsel for the transaction included Vinson & Elkins LLP representing EnCap, Winston & Strawn LLP advising Westlawn, and Latham & Watkins LLP representing X2 during the company’s formation.

For more information visit www.x2r.com

Aramco, a leading global energy and chemicals company, has completed the acquisition of a 50 percent equity interest in the Jubail-based Blue Hydrogen Industrial Gases Company from Air Products Qudra. This agreement brings together industry leaders to supply hydrogen, including lower-carbon hydrogen, at scale to the Jubail Industrial City area.

BHIG is focused on producing hydrogen from natural gas, including “blue hydrogen,” which is generated through carbon capture and storage. Commercial operations are expected to commence in coordination with Aramco’s CCS activities in Jubail, reinforcing the company’s commitment to sustainable energy solutions.

Aramco executive vice president of strategy & corporate development, Ashraf Al Ghazzawi, emphasised the significance of the investment, stating: “Aramco’s investment in BHIG is expected to contribute to the development of a hydrogen network in the Kingdom of Saudi Arabia’s Eastern Province. This network, along with our CCS hub in Jubail, can help us capitalise on emerging opportunities both domestically and globally to reduce carbon emissions, support growth, and diversify our energy portfolio.”

Air Products Qudra chairman, Ahmed Hababou, highlighted the joint venture’s impact on the regional hydrogen infrastructure, stating: “This joint venture is another example of the steps Aramco and Air Products Qudra are taking to contribute to the development of a robust hydrogen network in the Kingdom’s Eastern Province, serving the refining, chemical, and petrochemical industries.”

Vice-chairman of Air Products Qudra, Mohammad Abunayyan, also underscored the strategic nature of the partnership, saying: “We are proud of this partnership with Aramco and pleased to see one of the world’s leading integrated energy and chemicals companies and the world’s leading hydrogen supplier conclude this strategic partnership focused on generating lower-energy solutions guided by the Kingdom’s Vision 2030.”

With this investment, Aramco and APQ aim to accelerate the development of a sustainable hydrogen economy in Saudi Arabia, supporting global efforts to reduce carbon emissions while advancing the Kingdom’s energy transition goals.

For more information visit www.aramco.com

StreamTech has officially acquired the Industrial, Environmental, and Emergency Response divisions of United States Environmental Services (USES), marking a significant strategic move in the industrial services sector.

This acquisition brings together the strengths of both organisations, creating a robust and versatile force in the areas of industrial and environmental services, including tank cleaning, maintenance, and repair operations.

Delivering More for Customers

Through the integration of USES’s divisions, StreamTech will offer:

• Broadened service capabilities across multiple sectors

• An expanded national footprint, reaching more regions than ever before

• Enhanced technical expertise, with a combined team of experienced professionals

• A continued and unwavering commitment to safety, regulatory compliance, and service quality

A New Era of Growth and Innovation

For the teams involved, the acquisition marks the beginning of an exciting new chapter, unlocking greater potential for professional development, operational excellence, and technological innovation.

For customers, it means greater value, more comprehensive support, and the confidence that comes from partnering with an industry leader that continues to evolve to meet their needs.

As StreamTech and USES come together, the newly combined organisation is well-positioned to set new benchmarks in responsiveness, reliability, and results-driven service delivery across the industrial and environmental services landscape.

For more information visit www.streamtech.com

The Association for Materials Protection and Performance (AMPP), the global authority on materials protection and performance, took a historic and critical step forward in national defence advocacy today as CEO Alan Thomas and Chief of Advocacy Helena Seelinger met with staff from the White House National Security Council (NSC) to discuss how workforce development, research, and advanced materials protection are essential to revitalising America’s maritime industrial base and strengthening the future of U.S. shipbuilding.

The meeting focused on how AMPP’s internationally recognised workforce training programs and expansive technical resources can help address the skilled labor shortage in the shipbuilding sector. AMPP also outlined how technology and innovation in surface preparation and coatings—when integrated early in the design and build phases—can reduce the cost of protecting maritime assets, enhance durability, lower lifecycle costs, and accelerate project delivery for both military and commercial vessels.

“AMPP offers proven solutions—from skilled workforce development to cutting-edge research and technical standards—that can help strengthen the domestic shipbuilding supply chain,” said Thomas. “By prioritising materials protection in the design and construction phases, we can build more resilient vessels, extend asset life from the start, and reduce long-term costs, while supporting the broader goals of maritime readiness and industrial growth.”

AMPP reaffirmed its commitment to a whole-of-government approach, engaging with agencies such as the Department of Defence (DoD), Department of Labor (DOL), Department of Energy (DOE), and the NSC to help meet the administration’s long-term shipbuilding goals. With a global reputation for certification, training, and technical innovation, AMPP stands ready to support national efforts to strengthen maritime resilience and industrial capability.

“Being part of the conversation at this early stage ensures that the expertise AMPP brings—especially in workforce readiness and materials performance—can help steer and accelerate federal goals,” Thomas added. “We look forward to ongoing collaboration across agencies as this important work progresses.”

As the only organisation recognised by the International Maritime Organisation for corrosion control expertise, AMPP delivers training, certification, and standards supporting military and commercial shipbuilding. In 2024 alone, AMPP issued over 65,000 credentials to workers in the maritime sector and trained more than 12,000 individuals across 38 countries.

For more information visit www.ampp.org

BWC Terminals has officially marked the completion of its expanded renewable fuels terminal at the Port of Stockton, signifying a major advancement in California’s renewable energy infrastructure. The ribbon-cutting ceremony was attended by BWC executives, customers, partners, and special guest US Congressman Josh Harder.

The terminal features the first newly constructed Marine Oil Terminal Engineering and Maintenance Standards (MOTEMS)-compliant dock in California in nearly three decades. This state-of-the-art facility is set to play a key role in enhancing the renewable fuels supply chain across the state. Purpose-built for the safe and efficient transfer of renewable diesel and biodiesel from marine vessels, the terminal supports California’s broader decarbonisation strategy, particularly in hard-to-electrify sectors such as heavy-duty transport.

The event featured keynote remarks from Congressman Josh Harder (CA-9).

Equipped with modern safety and environmental technologies—including advanced spill containment, fire protection systems, seismic safeguards, and upgraded vessel mooring infrastructure—the facility is designed for both performance and resilience.

Over the past five years, BWC has expanded its Stockton terminal capacity by more than 500 percent to meet the increasing demand for renewable fuel storage and logistics in California. The expansion project, executed under a Project Labour Agreement with the San Joaquin Building Trades Council, generated 30 skilled construction jobs across nine trades. The facility now supports 18 full-time roles at BWC’s Stockton operations.

Adam Smith, president and CEO of BWC Terminals, commented:
“At BWC, we are proud to serve as a critical link in the renewable fuels supply chain. This expanded terminal demonstrates our strong commitment to California’s clean energy future, which was made possible through the leadership and collaboration with Congressman Harder, our labour partners, and the Port of Stockton. We are honoured to invest in this community and its future.”

Congressman Josh Harder highlighted the importance of the development to the regional economy and environmental goals, saying:
“The Port of Stockton is a key economic engine for the Valley, helping to export our world-class crops and bringing business and jobs to our communities. This renewable fuels terminal will make the port safer and more efficient while creating new jobs and supporting statewide decarbonisation goals. We worked hard to bring this new infrastructure to the port, and I look forward to continuing to fight for smart investments in our local economy’s future.”

Kirk DeJesus, port director for the Port of Stockton, added:
“The BWC MOTEMS dock is a pivotal step in advancing the Port of Stockton’s commitment to sustainability and renewable energy. By providing a modern infrastructure capable of supporting renewable fuel operations, we’re helping drive the transition toward cleaner and greener fuels. This new facility will not only accommodate the growing demand for low-emission fuel but also position the port as a leader in supporting California’s ambitious climate goals and the future of sustainable shipping.”

The completion of this terminal marks a significant stride forward in California’s renewable fuels journey, enhancing maritime infrastructure while supporting job creation and environmental stewardship.

For more information visit www.bwcterminals.com

President Donald Trump clearly stated the importance of energy to our nation’s prosperity through several executive orders, including Executive Order 14154 (Unleashing American Energy) and Executive Order 14156 (Declaring a National Energy Emergency). Liquid terminals in the United States are exactly the type of infrastructure that will help deliver American energy (and other critical materials) to the marketplace and support the goal articulated in EO 14154 of restoring American prosperity.

The following are a few examples of how ILTA members’ operations can support the vision for energy security and economic growth.

• EO 14154 – “It is the policy of the United States to protect the United States’ economic and national security and military preparedness by ensuring that an abundant supply of reliable energy is readily accessible in every State and territory of the Nation.”

ILTA Perspective: ILTA members operate over 2,000 terminals across all 50 states, providing critical infrastructure for transporting energy, agricultural goods, chemicals, and more. These materials can be raw inputs essential for U.S. manufacturing or finished goods destined for domestic consumption or export. Simply put, you cannot make an abundant supply of reliable energy available in all 50 states without a robust terminal network.

• EO 14156 – “The integrity and expansion of our Nation’s energy infrastructure—from coast to coast—is an immediate and pressing priority for the protection of the United States’ national and economic security.”

ILTA Perspective: ILTA members can help support the integrity and expansion of the nation’s energy infrastructure by providing more capacity to store and distribute liquid commodities in more locations. We look forward to working with the Trump administration to ensure that regulatory requirements imposed on terminals are aligned with the integrity.

• EO 14156 – “The United States’ insufficient energy production, transportation, refining, and generation constitutes an unusual and extraordinary threat to our Nation’s economy, national security, and foreign policy.”

ILTA Perspective: Liquid terminals form an integral part of the “circulatory system” of America’s economy, without which producers and consumers cannot efficiently be connected. The United States needs a resilient terminal industry to ensure there is an unencumbered flow of liquid commodities, including crude oil to refineries, finished gasoline to the market, and petrochemicals to countless American manufacturers. We believe our nation’s terminals play a pivotal role in alleviating threats to the nation’s economy, national security, and foreign policy, consistent with the President’s EO 14156.

Download a copy of the full letter below.

For more information visit www.ilta.org/Advocacy/Letters-Comments-Testimony/ArtMID/15161/ArticleID/3670/ILTA-Letter-To-The-Trump-Administration-and-Members-of-the-119th-Congress

HES International B.V, a leading European bulk handling services provider, and Binding Solutions Limited, a UK-based technology company, have signed a memorandum of understanding to evaluate the development of a state-of-the-art iron ore cold pelletising plant at HES’s HBTR terminal in Rotterdam, the Netherlands.

The collaboration aims to establish a facility that will produce cold agglomerated pellets using BSL’s patented low-energy process. Unlike conventional high-temperature pelletising methods, BSL’s cold agglomeration technology can reduce energy consumption by up to 80 percent and lower CO₂ emissions by up to 70 percent, positioning it as a key enabler for the decarbonisation of the steel industry.

The initial phase of the proposed project would see the construction of a 400,000 tonnes-per-year plant, with future expansions planned to scale up capacity to between 1 and 3 million tonnes annually. The development aligns with HES’s long-term vision of transforming HBTR—the largest dry bulk terminal in Europe—into a strategic hub for sustainable steel production and logistics.

Joop de Rooij, chief commercial officer at HES International, commented:

“As we further develop HBTR into the steel terminal of Europe, this project represents a significant step in reinforcing our role as a catalyst for Europe’s transition to Green Steel.”

Russell Kaschula, chief operating officer of Binding Solutions, added:

“We’re excited to work with HES International to enable Green Steel production by supplying high-quality iron ore pellets to meet growing demand. HBTR is the largest dry bulk terminal in Europe, providing us with the ideal location to serve European steel producers and, in partnership with HES International, deliver commercial, environmental and operational benefits along the steel production chain.”

If realised, the project would not only contribute to Europe’s decarbonisation goals, but also strengthen Rotterdam’s position as a key logistical and industrial gateway for sustainable materials.

For more information visit www.hesinternational.eu

Höegh Evi, a global leader in marine energy infrastructure, and Wärtsilä Gas Solutions, a division of the Wärtsilä technology group, have announced the successful completion of the world’s first floating ammonia-to-hydrogen cracker. This breakthrough marks a major advancement in clean energy innovation, enabling floating import terminals to produce hydrogen at industrial scale from transported ammonia. Launched in April 2023, the project forms part of Norway’s Green Platform programme.

The ammonia cracker features a modular design suitable for integration into hybrid Floating Storage and Regasification Units (FSRUs) as well as dedicated Floating Hydrogen Terminals. The technology supports a scalable sendout capacity of up to 210,000 tonnes of hydrogen annually, with ammonia storage ranging between 10,000m³ and 120,000m³.

Illustration: Höegh Evi

Erik Nyheim, CEO of Höegh Evi, stated:“The floating ammonia-to-hydrogen cracker developed by Höegh Evi, Wärtsilä and partners is a game-changer for the hydrogen economy and the energy transition in Europe. Our floating terminals and cracking technology can unlock the full potential of global value chains for green hydrogen, providing European industry with a reliable supply of clean energy within this decade.”

Walter Reggente, vice president of Wärtsilä Gas Solutions, added:
“This pioneering development of the floating ammonia-to-hydrogen cracker represents a significant leap forward in our quest for sustainable energy solutions. Together with Höegh Evi and our partners, we are not only addressing the challenges of hydrogen storage and transportation but also paving the way for a more resilient and flexible energy infrastructure.”

Powered by Norway’s Legacy in Marine Energy Innovation

The project has received approximately EUR 5.9 million in support from Norway’s Green Platform initiative, covering around 50 percent of the total project cost. The ammonia cracker was constructed at the Sustainable Energy Catapult Centre in Stord, Norway. Key contributors to the initiative include the Institute for Energy Technology (IFE), the University of South-Eastern Norway, Sustainable Energy, and BASF SE.

Håkon Haugli, CEO of Innovation Norway, said:
“The future of energy must be green, and it’s our job to be part of the technological development necessary to achieve this goal. We are very happy for this project.”

Innovation Norway, the country’s trade promotion organisation, plays a central role in allocating funding under the Green Platform programme.

Enabling Europe’s Hydrogen Ambitions

Aligned with the European Union’s REPowerEU strategy, which sets a target to import 10 million tonnes of renewable hydrogen annually by 2030, the floating ammonia-to-hydrogen technology offers a timely solution for expanding hydrogen supply chains. As the hydrogen grid develops, floating infrastructure equipped with ammonia cracking capabilities can provide essential baseload energy and support decarbonisation of hard-to-abate sectors.

To support this ambition, Höegh Evi is actively developing several hydrogen terminal projects across Europe, with the first facilities expected to begin operations before the end of the decade.

For more information visit www.hoeghevi.com

TotalEnergies has announced the commencement of production from the Ballymore deepwater field, located approximately 120 kilometres off the coast of Louisiana in the US Gulf of Mexico. The company holds a 40 percent interest in the project, alongside operator Chevron, which holds the remaining 60 percent.

Launched in May 2022, the Ballymore field boasts a gross daily production capacity of 75,000 barrels of oil and 50 million cubic feet of gas. The hydrocarbons are processed via a tie-back to the Chevron-operated Blind Faith floating production unit, leveraging existing infrastructure and standardised equipment to reduce both development costs and emissions intensity.

At peak production, Ballymore is expected to contribute nearly 30,000 barrels of oil equivalent per day of net, cash-accretive production to TotalEnergies.

Nicolas Terraz, president of Exploration & Production at TotalEnergies, commented:
“The start-up of Ballymore will increase TotalEnergies’ production capacity in U.S. deepwater to more than 75,000 boe/d and contribute to the Company’s targeted hydrocarbon production growth of over 3 percent in 2025. The United States is a major market for the deployment of our integrated energy model, which combines low breakeven and low emissions oil and gas projects with LNG and integrated power developments.”

The Ballymore project further strengthens TotalEnergies’ presence in the Gulf of Mexico and aligns with the company’s broader strategy of pursuing efficient, lower-carbon hydrocarbon developments while advancing its integrated energy portfolio.

For more information visit www.totalenergies.com

ECF has introduced its innovative Accu-Temp temperature monitoring and control system to industrial markets. Designed to automate temperature regulation, Accu-Temp integrates sensors, control valves, and control panels to maintain optimal conditions without the need for human intervention.

High Precision with Minimal Supervision

Temperature control is a critical yet labour-intensive task in industrial settings. Manual monitoring not only requires additional personnel but also increases the risk of human error. Accu-Temp eliminates these concerns by providing automated temperature adjustments, ensuring consistent performance with minimal oversight. An optional remote setpoint and alarm feature allows for real-time monitoring and on-the-go adjustments, improving operational efficiency while reducing staffing requirements.

Advanced Functionality & Design

The Accu-Temp system includes:

• A temperature sensor, modulating control valve, and pre-wired control panel for seamless integration.

• A pre-programmed temperature controller that works with the modulating control valve to maintain the desired temperature.

• A temperature control panel equipped with a disconnect switch, PID temperature controller, alarm horn/light, and necessary terminal blocks.

• An optional digital input feature for emergency shut-off at low levels (tank level sensor not included).

Key Benefits of Accu-Temp

• Precision & Reliability: Ensures accurate temperature control for industrial applications, removing guesswork.

• Energy Efficiency: Reduces unnecessary energy consumption by automatically adjusting temperatures, preventing overheating or excessive heating cycles.

• Product Consistency: Maintains uniform heating conditions, ensuring product quality regardless of tank size or operator involvement.

• Safety Enhancements: Features an emergency shut-off capability to prevent coil exposure, overheating, and other potential hazards, safeguarding both equipment and personnel.

Industrial Applications

Accu-Temp is ideal for:

• Tanks requiring regulated heating to maintain consistent temperatures.

• Industrial processes involving heat exchange temperature control.

• Facilities looking to reduce labour costs and improve operational efficiency through automation.

A Smart Investment for Industrial Efficiency

For industries still relying on manual temperature control, Accu-Temp offers a reliable and efficient alternative. ECF engineers are available to provide further information, product overviews, and installation quotes tailored to specific site requirements.

For more information visit www.ecfinc.net

OQ Gas Networks and Fluxys have entered into a strategic partnership to jointly develop a pipeline infrastructure in Oman dedicated to the transportation of renewable hydrogen. The collaboration, formalised through the signing of a Term Sheet Cooperation Agreement, represents a significant step forward in advancing both companies’ commitments to the global energy transition.

The agreement was signed by Eng. Mansoor bin Ali Al Abdali, CEO of OQGN, and Pascal De Buck, CEO of Fluxys, and lays the foundation for a cost-effective and scalable hydrogen infrastructure. The partnership also aims to facilitate the sharing of technical knowledge and operational expertise in the clean energy sector.

Commenting on the agreement, Eng. Mansoor Al Abdali stated:

“This cooperation is a clear signal of our commitment as the national energy infrastructure company in leading the development and deployment of green hydrogen infrastructure to support Oman’s energy transition goals and aspirations.”

Pascal De Buck, CEO of Fluxys, added:

“Together, we are committed to creating a brighter, greener energy future. By harnessing our combined expertise, we aim to bring renewable hydrogen to Belgium and Europe, while also significantly contributing to Oman’s sustainable energy goals.”

This strategic alliance strengthens Oman’s position as a key player in the global hydrogen economy, while supporting Europe’s ambitions to diversify and decarbonise its energy supply.

For more information visit

Global eFuels pioneer Infinium has announced the appointment of Laura Hellman and Gary Hultquist to its Board of Directors, expanding the board’s composition to a total of seven members. The appointments strengthen Infinium’s leadership with deep expertise in transition energy investments, finance, and corporate governance, further reinforcing its position at the forefront of the clean fuels industry.

Laura Hellman currently serves as senior vice president at Brookfield Asset Management, where she plays a key role in renewable and transition energy investments. Based in New York, she has spent the past seven years with Brookfield and previously worked at private investment firm Ardian. Ms. Hellman is a recognised speaker on clean energy and impact investing and has held board positions with other Brookfield portfolio companies. Brookfield is a major investor in Infinium, having committed over 200 million US dollars to Infinium and its flagship Roadrunner facility in West Texas, with an additional 850 million US dollars earmarked for future eFuels projects globally.

Gary Hultquist brings over 25 years of experience as a strategic financial advisor, with a strong focus on the technology and energy sectors. He currently serves as managing director at Corporate Finance Associates, where he has guided clients across the United States, Europe, and Asia. Mr. Hultquist has a robust track record of board service, including a nearly decade-long tenure on the Kinder Morgan Board of Directors. Prior to his advisory career, he practised law as a partner at two San Francisco and Silicon Valley firms, specialising in corporate and intellectual property litigation.

“We are very pleased to welcome the combined expertise and strategic counsel of Laura and Gary to our Board,” said Robert Schuetzle, CEO of Infinium. “They are both widely recognised and admired in their respective fields. This is an exciting time for Infinium and our customers, who will benefit greatly from the agile leadership of our expanded board.”

Infinium is a global leader in gas conversion technologies and the development of ultra-low carbon eFuels. The company is known for a series of industry firsts, including the first commercial production of power-to-liquid eFuels, the first deployment of modular gas conversion technology, and its unique position as the only clean fuels innovator offering comprehensive, end-to-end solutions. Its customer base includes major industry players such as Amazon, American Airlines, Borealis, and IAG, underscoring its vital role in the transition to a low-carbon energy future.

For more information visit www.infiniumco.com

VTTI is advancing the development of a European network of ammonia import terminals and ammonia crackers through its ambitious initiative, Project Amplifhy Europe. This strategic project aims to support the growth of the European hydrogen economy, contribute to the targets outlined in the Renewable Energy Directive, and align with the European Union’s RePowerEU and Fitfor55 strategies.

As part of the wider initiative, the two most advanced developments—Amplifhy Rotterdam and Amplifhy Antwerp—have been granted Project of Common Interest (PCI) status by the European Commission. VTTI is currently the only developer with advanced ammonia terminal and cracking projects in both of these critical industrial hubs, further strengthening its leadership in the hydrogen value chain. Additional locations under the Project Amplifhy Europe umbrella are also being actively pursued.

Project Amplifhy Rotterdam

At the Port of Rotterdam, VTTI is constructing an industrial-scale ammonia import terminal and ammonia cracking facility at its existing ETT terminal. The Rotterdam site will be developed in phases, comprising four ammonia cracking units and associated ammonia storage tankage. The Front-End Engineering and Design studies for the project are being co-financed by the European Commission under the Cross-Border Renewable Energy Studies programme, underscoring the project’s strategic value for cross-border hydrogen trade in Europe.

Project Amplifhy Antwerp

Simultaneously, VTTI is progressing with a similar development at its ATPC terminal in the Port of Antwerp. This project will also feature a phased build-out of ammonia cracking units and associated tank infrastructure. The Antwerp facility will offer customers a unique combination of services, including the option to contract for integrated ammonia storage and cracking capacity, or standalone ammonia storage—providing enhanced flexibility and access to low-carbon hydrogen sources.

Through Project Amplifhy Europe, VTTI is laying the foundation for a robust, cross-border hydrogen infrastructure and positioning itself as a key enabler in Europe’s energy transition.

For more information visit www.vtti.com

Mesa Engineered Tank Products (Mesa ETP) proudly announces that its revolutionary FlexCore^™ liquid-mounted seal has been awarded Silver in the Emerging Technologies category at the 2025 Global Tank Storage Awards. The prestigious event, held in Rotterdam, Netherlands during StocExpo, celebrates excellence and innovation within the international tank storage sector.

Designed to deliver unmatched durability and emissions control, Mesa ETP’s FlexCore seal represents a significant advancement in floating roof tank technology. Engineered for a superior vapour tight seal, it combines a reliable foam log core with the highly anticipated Armor Fabric^™ vapour barrier seal fabric, ensuring unrivalled emissions control, eliminated vapour space, incredible abrasion resistance, and extended service life. By addressing key challenges in the storage industry, FlexCore reinforces Mesa ETP’s commitment to innovation and environmental responsibility in the aboveground storage tank industry.

“We are honoured and thrilled to receive this recognition from the Global Tank Storage Awards team,” said CEO Tim Nymberg, “FlexCore is the result of our team’s dedication to solving real-world AST challenges with cutting-edge technology. This award validates our efforts to push the boundaries of performance, reliability, and sustainability in the industry.”

The Global Tank Storage Awards are recognised for highlighting groundbreaking solutions that enhance efficiency, safety, and environmental stewardship in the aboveground storage tank (AST) sector. With entries from leading companies around the world, the competition showcases the best advancements shaping the future of tank storage technology.

Mesa ETP continues to lead the industry with its expertise in floating roof seals, drain systems, and custom-engineered solutions for aboveground storage tanks. FlexCore is another example of the company’s commitment to enhance safety, efficiency, and compliance in the global oil and petrochemical markets.

For more information on FlexCore and Mesa ETP’s innovative solutions, visit www.mesaetp.com

International energy consultancy Penspen has been awarded a multi-million-pound contract by United Living Infrastructure Services to lead the detailed engineering design of the HyNet CO₂ transportation pipeline at Liverpool Bay. This landmark project is central to transforming the North West of England into a world-leading low-carbon industrial cluster and will shape the region’s energy future for generations.

Under the contract, Penspen will develop the onshore CO₂ pipelines and above-ground installations that will transport carbon emissions captured from industrial sources in Stanlow to the Liverpool Bay carbon capture and storage facility at Point of Ayr. The system will utilise a combination of new infrastructure and repurposed assets to facilitate CO₂ transport to depleted gas reservoirs beneath the Irish Sea.

Seventy engineering specialists from Penspen will support the project from a dedicated base at 280 Holborn, London, including 20 newly recruited professionals specifically for this scope. Further technical support will be provided by Penspen’s growing Aberdeen team, which has experienced significant expansion over the past six months.

Darren Bartlett, director – energy transition at Penspen, commented:

“This is a pivotal award that highlights Penspen’s reputation as specialists in supporting complex energy transition projects, applying over 70 years of international engineering expertise to meet the challenge of decarbonising the UK’s industrial hubs.
The HyNet North West project will be transformational for the UK’s energy network, and we are proud to be working with United Living to deliver this first-of-its-kind project at Liverpool Bay. The development of this carbon capture facility will be critical in driving progress towards a cleaner energy future.”

HyNet North West is a cornerstone project for the UK’s energy transition, aiming to decarbonise the industrial heartlands around Liverpool Bay. Following the announcement of government backing in October 2024, HyNet will deploy large-scale carbon capture and storage and low-carbon hydrogen infrastructure. This includes a hydrogen production plant, transport network, and storage, with captured CO₂ to be sequestered safely offshore.

Campbell Crawford, managing director of United Living Infrastructure Services, stated:

“We are pleased to appoint Penspen to deliver the engineering design on this project. They have an exceptional track record in delivering complex detailed design for onshore pipelines, making them one of the few companies in the UK with the expertise to help us deliver this major energy transition project.”

A New Era for Liverpool Bay – World-First Low-Carbon Industrial District

The planned CO₂ pipeline will run from the Ince Facility in the North West of England, via the Stanlow Refinery, to the Point of Ayr Terminal on the north coast of Wales. The route will include six block valve stations and five above-ground installations supporting the development of a robust, high-pressure CO₂ transportation network.

Once operational, HyNet North West is expected to reduce carbon emissions by up to 10 million tonnes per year in the 2030s, positioning the region as a global model for low-carbon industrial transformation and significantly contributing to the UK’s net zero targets.

For more information visit www.penspen.com

Honeywell and Argent LNG have entered into an agreement to evaluate the application of Honeywell’s advanced pretreatment solutions at a planned liquefied natural gas export terminal in Port Fourchon, Louisiana. The collaboration is intended to support global energy security and reinforce the United States’ leadership in the LNG market.

Honeywell’s LNG pretreatment technologies are designed to remove contaminants from natural gas, helping to improve operational efficiency and overall production performance. The integrated use of Honeywell’s modular Mercury Removal Unit (MRU), Acid Gas Removal Unit (AGRU), and SeparSIV® Unit enables the removal of mercury, carbon dioxide, sulfur, water, and heavy hydrocarbons in line with stringent LNG specifications. The SeparSIV® technology, in particular, is capable of handling a range of feed gas compositions and can deliver up to a 50 percent reduction in lifecycle costs compared to conventional removal methods.

“Argent LNG is committed to delivering clean, secure, and cost-effective energy worldwide. To meet this objective, we must harness innovative technology and high-performance pretreatment solutions,” said Jonathan Bass, CEO of Argent LNG. “Honeywell’s established technologies present an opportunity to strengthen the US LNG sector and meet global demand for reliable energy supply.”

Global LNG demand is projected to grow by 60 percent by 2040, according to the Shell LNG Outlook 2025. In response, Argent LNG’s Port Fourchon terminal is designed for an initial capacity of 12 million tonnes per annum of LNG, with potential expansion to 25 MTPA—positioning it among the world’s largest LNG export facilities. Upon completion, the terminal will supply LNG to key markets across Asia, Europe, South America, and the Middle East.

“Honeywell’s cutting-edge LNG solutions are vital for advancing energy security and enabling the scalable production of LNG worldwide,” said Rajesh Gattupalli, President of Honeywell UOP. “Our portfolio provides flexible, end-to-end technologies tailored to the specific needs of our clients.”

Honeywell’s LNG offering spans pretreatment, liquefaction, and advanced automation technologies aimed at streamlining and optimising LNG operations. Additionally, Honeywell’s modular LNG systems can be fabricated off-site and delivered to project locations, reducing construction risk and timelines, and accelerating the path to commercial operation.

For more information visit www.honeywell.com

Gen2 Energy AS and Farsund Municipality have signed an agreement enabling Gen2 Energy to secure long-term access to the Lundevågen Havneområde industrial site in Farsund. The agreement paves the way for the construction of a large-scale green hydrogen production facility, including access to quay infrastructure for the export of hydrogen to markets across Europe and within Norway.

Under the agreement, Gen2 Energy plans to establish a plant at the site to support high-volume green hydrogen production. The facility will benefit from Farsund’s favourable conditions, including access to low-cost renewable energy, suitable industrial land, and strategic maritime logistics.

“We are very happy to have chosen Farsund as the location for large-scale production of green hydrogen,” said Jan Fredrik Råknes, head of business development at Gen2 Energy. “Farsund offers a compelling combination of renewable energy resources, industrial zoning potential, and efficient shipping access, making it a valuable addition to our portfolio of coastal hydrogen production sites in Norway.”

Mayor Ingrid Williamsen of Farsund Municipality welcomed the collaboration, stating, “Today I signed an option agreement between Gen2 Energy and Farsund Municipality. It will be exciting to follow the process going forward, and we look forward to the collaboration.”

The agreement grants Gen2 Energy access to more than 60 acres of land at the Lundevågen site, which will require preparation and zoning for hydrogen production. This preparatory work is set to begin promptly. In parallel, the company is conducting a concept study to determine the scale and technology approach for the facility.

A key component of the agreement is the access to quay facilities, enabling the large-scale export of green hydrogen to European markets, reinforcing Gen2 Energy’s role in supporting the energy transition.

For more information visit www.gen2energy.com

At Chane, safety remains the highest priority, whether in terms of personal well-being or food safety. Ensuring high safety standards ultimately depends on the efforts of those working on the terminal. To further strengthen safety measures, Chane has introduced joint training sessions with customers, complementing its regular safety programmes. Manager of Operations Ronald Thonissen explains how these sessions contribute to maintaining and guaranteeing a high standard of safety.

A Collaborative Approach to Safety Training

In collaboration with the Health, Safety, Environment, and Quality department, the idea of involving customers in safety training was developed. “No one understands a product better than the producer,” Thonissen explains. With this in mind, Chane proposed joint training sessions to enhance knowledge of food safety, an initiative that was met with enthusiasm. This led to the creation of a structured lunch & learn session designed to provide in-depth insights into product storage and handling.

Chane Terminal Dodewaard

During the session, both Chane employees and customer representatives received extensive training, fostering a mutually beneficial exchange of knowledge. “It works both ways: the customer provides insights specific to their product, while we demonstrate our expertise and commitment to maintaining high safety standards,” Thonissen notes.

Continuous Learning and Development

As safety regulations and industry guidelines evolve each year, continuous training is essential. Chane’s Learning & Development department plays a key role in ensuring that both operational and administrative staff remain up to date. Programmes such as Chane Academy offer training and certification opportunities, reinforcing the company’s commitment to ongoing professional development.

The Lunch & Learn session further enriched employees’ knowledge by providing a platform for discussion and refinement of safety protocols. It also allowed employees to share their experiences in a relaxed setting while identifying areas for improvement.

Practical Training for Real-World Impact

The session focused on practical examples, encouraging active participation and discussion. Key topics included the consequences of mishandling products and best practices to prevent such incidents. Customers particularly appreciated Chane’s meticulous approach to detail. “We even check the drain, because if nothing is wrong there, we know the rest of the production site is also in order,” Thonissen explains.

Beyond safety training, the initiative also fostered stronger relationships between Chane and its customers. Discussions covered hygiene regulations, colour-coded safety protocols, and Hazard Analysis and Critical Control Points (HACCP) guidelines, further reinforcing best practices.

Positive Outcomes and Future Expansion

Following the first Lunch & Learn session, employee feedback was overwhelmingly positive. Participants found the training valuable for refreshing and deepening their knowledge, particularly in relation to practical case studies provided by the customer. The impact of the training has been evident in improved hygiene inspections and safety audits, with independent evaluations highlighting a more organised and compliant terminal.

Given the success of the initiative, plans are in place to expand the concept beyond food safety to include personal safety and other operational protocols. “This approach can be applied to other customers, demonstrating that Chane is a trusted partner in delivering high-quality bulk product services,” Thonissen adds. By fostering collaboration and continuous learning, Chane ensures that both its own operations and those of its customers remain safe, efficient, and future-ready.

For more information visit www.chane.eu

Perenco T&T Limited, operator of the Teak, Samaan and Poui fields, has announced the successful drilling of the Onyx well and sidetrack, located in the eastern section of the Onyx field. The drilling campaign encountered significant natural gas columns in two distinct geological compartments, marking a promising step forward for the undeveloped field.

Situated in a water depth of 180 feet, the Onyx field lies between the Poui and Teak fields off the southeast coast of Trinidad. It is part of the TSP licence, a joint venture between Perenco T&T Limited, Heritage Petroleum Company Limited, and The National Gas Company of Trinidad and Tobago Limited (NGC).

The subsurface data obtained is now under detailed review, with development options to be evaluated as the project progresses towards a potential Final Investment Decision.

Gregoire de Courcelles, general manager of Perenco T&T, commented on the achievement:

“I am very proud of the successful results of the Onyx wells. Our objective was to prove sufficient gas reserves to unlock field development. The wells’ findings are testimony to the hydrocarbon potential which remains in the TSP acreage and highlight Perenco’s commitment to provide future supplies of natural gas to Trinidad and Tobago. I would like to thank our partners, Heritage Petroleum and NGC, for their unwavering support in this project and congratulate all teams involved in completing this operation safely and efficiently.”

This discovery represents a significant milestone in Perenco’s long-term strategy for Trinidad and Tobago, reinforcing its growing role as a key gas supplier to the local market.

For more information visit www.perenco.com

Crescent Energy Company announced the closing of the sale of its non-operated assets in the Permian Basin to a private buyer for $83 million in cash, subject to customary post-closing purchase price adjustments. The assets, located in Reeves County, Texas, were projected to produce approximately 3,000 barrels of oil equivalent per day in 2025, with around 35 percent of that being oil.

Proceeds from the sale were allocated to reduce outstanding borrowings under the Company’s revolving credit facility. The transaction carried an effective date of 31 December 2024. Crescent indicated it would update its 2025 outlook to reflect the divestiture when reporting its financial and operating results for the first quarter of the year.

Crescent CEO David Rockecharlie commented, “We were pleased to announce the closing of this accretive asset sale, which formed part of our $250 million pipeline of non-core asset divestitures outlined during our year-end earnings. As both investors and operators, we consistently evaluated opportunities to enhance our portfolio, simplify our business, and deliver value to our investors.”

For more information visit www.crescentenergyco.com

Mabanaft has announced its role as a founding member of the newly established TransHyDE 2.0 initiative, set to officially launch on 6 May 2025 in Berlin. The initiative aims to accelerate the development of a comprehensive European hydrogen infrastructure, building on the momentum of the original national hydrogen flagship project, TransHyDE.

With its extensive experience in future-oriented fuels, Mabanaft contributes to the formation of a sustainable hydrogen economy and plays an active role in shaping the next generation of clean energy solutions.

Pioneering the Hydrogen Infrastructure of Tomorrow

TransHyDE 2.0 expands the vision of its predecessor by adopting an industry-driven approach and serving as a:

• Nucleus for new hydrogen infrastructure and derivative projects,

• Consultation platform for policymakers, businesses, and society,

• Bridge between industry and research, and

• Network connecting stakeholders across the hydrogen value chain.

The initiative encompasses seven implementation platforms focused on gaseous hydrogen (gH₂), liquid hydrogen (LH₂), ammonia (NH₃), liquid organic hydrogen carriers (LOHC), dimethyl ether and carbon dioxide (DME & CO₂), and methanol. It also supports four research platforms targeting system analysis, standardisation and safety, market and regulatory frameworks, and public acceptance.

Mabanaft’s Strategic Contribution

Philipp Kroepels, director new energy at Mabanaft, stated:

“Participating in the TransHyDE 2.0 initiative is a significant step in our mission to supply our customers with clean hydrogen and its derivatives. By collaborating with stakeholders from industry and academia, we can share and consolidate knowledge, actively drive the development of a viable hydrogen infrastructure in Europe, and offer innovative solutions for decarbonisation. In Hamburg, one of Europe’s largest ports, we are already developing import infrastructure for ammonia and hydrogen and working on retrofitting our tanks for methanol import and distribution.”

Backed by Government and Industry

Supported by the German Federal Ministry for Economic Affairs and Climate Action, TransHyDE 2.0 has established a strong advisory board that includes Dr. Axel Bree. The initiative brings together twelve founding members from across research, business, and industry sectors. Alongside Mabanaft GmbH & Co. KG, founding members include Clean World Hydrogen Consulting GmbH, ENERTRAG SE, and Fraunhofer IEG.

The founding board features key representatives from these organisations, with Dr. Stefan Kaufmann of Clean World Hydrogen Consulting GmbH serving as chairman.

TransHyDE 2.0 extends an open invitation to stakeholders across the energy, policy, and research landscapes to attend its launch event on 6 May 2025 and take part in shaping the future of Europe’s hydrogen infrastructure.

For more information visit www.mabanaft.com

A newly published Jotun report, titled “Maintenance and Corrosion Management in the Global Oil and Gas Industry,” highlights the significant threats posed by fire hazards and corrosion in the oil and gas sector. Based on insights from over 1,000 senior industry professionals, the report underscores the importance of protective coatings and fire prevention strategies in safeguarding critical infrastructure.

Key Findings and Industry Challenges

• Corrosion contributes to fire-related incidents, with failures in equipment, valves, or piping potentially leading to hydrocarbon leaks and ignition.

• 76 percent of professionals cite reducing fire risks as a key driver behind maintenance strategies.

• 56 percent acknowledge corrosion as a fire hazard, yet some underestimate its role in catastrophic incidents.

• Passive Fire Protection (PFP) systems, including cementitious materials and epoxy intumescent coatings, are critical in preventing structural collapse during fires.

The Role of Fire Protection and Corrosion Management

• Preventative maintenance is essential to ensuring fire safety and structural integrity in high-risk environments.

• PFP materials must be properly specified, installed, and maintained to remain effective.

• Epoxy intumescent coatings offer dual benefits by providing fire resistance and corrosion protection, making them an effective repair solution for ageing PFP systems.

Industry Solutions and Recommendations

• Regular maintenance programs are crucial to avoiding PFP degradation and corrosion-related failures.

• Industry organisations, including the Energy Institute and UK Health & Safety Executive, are supporting structured fire protection and corrosion management initiatives.

• Jotun is working with industry groups to raise awareness and improve fire protection standards.

Conclusion

The oil and gas industry faces serious fire and corrosion risks, but proactive asset management strategies can significantly reduce these hazards. By implementing durable fire protection systems, conducting routine maintenance, and increasing awareness, operators can enhance safety, protect assets, and prevent catastrophic incidents.

For more information visit www.jotun.com

The Federation of European Tank Storage Associations (FETSA) represents the bulk liquid and liquefied gas storage sector across Europe. Comprising over 162 companies operating 768 terminals, FETSA plays a central role in Europe’s energy transition, security of supply, and industrial competitiveness. Bulk liquid terminals, strategically located at ports, airports, logistics platforms, and along inland waterways and pipelines, are essential components of the continent’s critical infrastructure.

FETSA is a key stakeholder in shaping European energy policy, advocating for the recognition of bulk storage infrastructure as vital to both legacy fuel systems and emerging energy carriers. As Europe moves toward climate neutrality, FETSA emphasises the need for a technologically neutral strategy that enables the adaptation of existing infrastructure to accommodate future fuels, such as hydrogen and synthetic fuels.

In its recent submission to the EU consultation on energy security reform, FETSA supports reforms that aim to strengthen the resilience of the stockholding system. It advocates for a more robust framework that can withstand a broader range of disruption scenarios, reflecting growing geopolitical uncertainties. FETSA also highlights the need for the EU to reduce energy dependencies, diversify supply routes, and reinforce its strategic autonomy.

At present, EU legislation mandates strategic oil reserves equivalent to 90 days of net imports or 61 days of inland demand. However, there are no similar obligations for gas, LNG, or renewable fuels, such as biofuels, methanol, or ammonia. FETSA calls for an expansion of strategic storage mandates to include these future energy carriers, citing their potential role in stabilising markets during supply disruptions and mitigating foreign leverage over the EU.

The case of the recent gas crisis, compounded by geopolitical tensions, supply interruptions, and infrastructure sabotage, underscores the urgency of enhancing storage capacity. Events such as the Russo-Ukrainian war, AI-driven cyber threats, and climate-induced disruptions to river transport further illustrate the vulnerabilities of Europe’s current energy logistics and storage systems.

FETSA’s recommendations include increasing stockpile sizes, diversifying the product mix, and aligning strategic storage with actual import risks and refining capacities. The organisation also calls for fast-tracked permitting processes for new storage infrastructure, greater public investment, and formal industry-government coordination. Furthermore, it supports a regional approach to stockholding, warning that purely national systems may lead to uncoordinated or protectionist behaviours during crises.

Additionally, FETSA advocates for transparent and practical reporting standards, equitable cost distribution, and stronger safeguards against stock accounting irregularities. Strategic storage, it argues, is a public good that underpins both economic and national security. Finally, FETSA urges regular reviews of stockholding rules to ensure that infrastructure can keep pace with evolving energy needs and technologies.

As Europe navigates the complexities of the green transition and global instability, FETSA asserts that strategic storage is not merely an operational concern but a cornerstone of resilience, autonomy, and long-term competitiveness.

For more information visit www.fetsa.eu