ADNOC Gas plc, a leading integrated gas processing company, has announced a $450 million (AED1.653 billion) three-year liquefied natural gas supply agreement with JERA Global Markets Pte. Ltd. This strategic agreement reinforces ADNOC Gas’ role as a reliable global supplier of clean energy while supporting Japan’s energy security.

Under the agreement, LNG will be supplied from ADNOC Gas’ Das Island liquefaction facility, which boasts an annual production capacity of approximately 6 million tonnes. As the world’s third longest-operating LNG plant, Das Island has delivered over 3,500 LNG cargoes globally since its inception, solidifying its status as a key player in the LNG market.

Fatema Al Nuaimi, CEO of ADNOC Gas, highlighted the significance of the deal:
“This agreement builds on the robust UAE-Japan energy relationship and decades of collaboration between ADNOC Gas and JERA, solidifying our shared commitment to ensuring energy security and enabling a lower-carbon future. We will continue to support Japan’s energy needs and reinforce our position as a reliable partner in the global LNG market.”

Kazunori Kasai, chief optimisation officer of JERA Co., Inc. and chairman of JERA Global Markets, echoed this sentiment:
“As a utility-backed trader, JERA Global Markets’ purpose is to provide energy security to the communities that we serve. This supply agreement with our long-standing partner ADNOC Gas reflects the active measures we take to ensure that our global portfolio remains diverse, flexible, and competitive.”

As a lower-carbon energy source, LNG plays an essential role in advancing global efforts toward cleaner energy solutions. This agreement aligns with the sustainability ambitions of both ADNOC Gas and JERA, reaffirming their commitment to promoting energy security and sustainable practices.

ADNOC Gas’ Das Island LNG facilities have supplied LNG to Japanese energy companies for 48 years, underscoring the enduring partnership between the UAE and Japan. This latest agreement builds upon a similar deal signed in 2023, further cementing ADNOC Gas’ position as a preferred LNG supplier to key global markets and enhancing the historic collaboration between the two nations.

For more information visit www.adnocgas.ae

Exolum has announced its participation in SHYNE (Spanish Hydrogen Network), the largest renewable hydrogen consortium in Spain. This ambitious initiative unites 33 organisations to accelerate the energy transition and advance decarbonisation efforts, supported by an investment of €3.23 billion.

SHYNE is designed to foster innovation and progress across the entire hydrogen value chain, from production to end-use applications. The consortium aims to position Spain as a European leader in renewable hydrogen while creating more than 13,000 jobs, contributing significantly to the country’s economic and sustainable growth.

Exolum’s Role in the Transition

As a key player in the consortium, Exolum brings its expertise in logistics and transportation to support the development and deployment of hydrogen infrastructure. The company emphasises the importance of collaboration as a catalyst for innovation and transformation, aligning its efforts with the broader vision of a hydrogen-centred energy future.

By joining SHYNE, Exolum reinforces its commitment to sustainable energy solutions and plays an active role in shaping Spain’s leadership in renewable hydrogen.

For more information visit www.exolum.com

CNOOC Limited has announced its strategic business plan for 2025, focusing on stable capital expenditure, production growth, technological innovation, and green development. The company has set a target to achieve daily net production exceeding 2 million barrels of oil equivalent (BOE), alongside maintaining an annual dividend payout ratio of no less than 45 percent for the next three years.

CNOOC aims to produce 760-780 million BOE in 2025, with approximately 69% of production from China and 31 percent from overseas. The production targets for 2026 and 2027 are set at 780-800 million BOE and 810-830 million BOE, respectively. The company’s net production for 2024 is estimated at 720 million BOE, marking six consecutive years of record growth.

Capital expenditure for 2025 is budgeted at RMB 125-135 billion. Exploration, development, and production will account for 16 percent, 61 percent, and 20 percent of this investment, respectively. CNOOC plans to strengthen its resource base by targeting large and medium-sized oil and gas fields, with exploration efforts focusing on crude oil reserves in China and natural gas development in key regions. Overseas exploration will continue in high-potential areas such as the Atlantic Ocean rim and “Belt and Road” countries, with active drilling in Guyana and Nigeria and seismic surveys in Mozambique and Iraq.

CNOOC has announced several key projects set to come online in 2025. These include the Bozhong 26-6 Oilfield Development Project (Phase I) and Kenli 10-2 Oilfields Development Project (Phase I) in China, as well as international projects like the Yellowtail Project in Guyana and the Buzios7 Project in Brazil.

The company will integrate exploration and development processes to accelerate reserve-to-production conversion. Emphasis will also be placed on technological innovation, with plans to develop intelligent oil and gas fields leveraging the “Hi-Energy” artificial intelligence model.

In line with its commitment to green development, CNOOC will expand offshore wind power, initiate onshore photovoltaic projects, and accelerate green power substitution. The company’s green electricity consumption is expected to exceed 1 billion kWh in 2025, a 30 percent year-on-year increase. Efforts in carbon reduction include incorporating carbon pricing into investment evaluations and advancing regional CCS/CCUS pilot projects.

CNOOC is also prioritising environmental, social, and governance objectives. It has implemented green development and emission reduction policies, engaged in public welfare initiatives, and strengthened corporate governance to support sustainable development.

The company has committed to maintaining a dividend payout ratio of no less than 45 percent from 2025 to 2027, subject to market conditions and shareholder approval. CNOOC aims to balance shareholder returns with its strategic and operational priorities.

CEO’s Statement

Zhou Xinhuai, CEO of CNOOC Limited, stated: “In 2025, we will advance key programmes in increasing reserves and production, technological innovation, and green development to drive high-quality growth. By actively sharing the fruits of development with our shareholders, we will strengthen our value creation capabilities.”

This strategy underscores CNOOC’s efforts to align its operations with sustainable energy development while ensuring robust financial performance and shareholder value.

For more information visit www.cnoocltd.com

Essar Renewables Ltd, a key player in Essar’s green energy initiative, has signed a Memorandum of Understanding with the Government of Maharashtra at the World Economic Forum in Davos. The MoU outlines plans for a significant investment to develop 2 GW of renewable energy capacity, aimed at supporting the state’s green mobility initiatives.

The ₹8,000 crore investment will focus on round-the-clock renewable energy projects, specifically designed to power the electric vehicle truck charging ecosystem of Blue Energy Motors and Greenline. This initiative is expected to create over 2,000 direct employment opportunities, reinforcing Maharashtra’s shift towards sustainable energy and contributing to its economic growth.

The renewable energy projects are set to begin operations in the fiscal year 2026-27.

Commenting on the partnership, Ankur Kumar, CEO of Essar Renewables, expressed enthusiasm for the collaboration: “We are excited to embark on this transformative journey with the Government of Maharashtra. This collaboration represents a crucial milestone in our renewable energy projects and establishes us as a formidable player in the sector.”

Prashant Ruia, director of Essar, highlighted the broader impact of the initiative: “As we navigate the global energy transition, this partnership with the Government of Maharashtra is a critical step in reshaping the future of sustainable energy for green mobility. With our investment in renewable energy and green mobility solutions, we are driving the state’s growth while positioning India as a global leader in the green economy.”

The partnership aligns with Essar Renewables’ long-term vision of achieving over 8 GW of renewable energy capacity within the next five years, reaffirming the company’s commitment to advancing green energy solutions and sustainable development.

For more information visit www.essar.com

Let’s start with some data because, well, safety without stats is like a tanker without brakes -pointless and dangerous.

According to the Health and Safety Executive’s 2023/24 statistics, workers in the UK face a 1 in 200,000 chance of being killed at work. Narrow that down to England, and the odds improve slightly to 1 in 260,000. Why the difference? We’re not going down that rabbit hole today.

Naturally, these odds depend on what you do and, surprisingly, how many birthday candles you’ve blown out. Workers over 65 accounted for 30 of the 138 workplace deaths last year. Shocking? Yes. At that age, most of us prefer reclining chairs over risky endeavours – but apparently, some seniors still like to live life on the edge (literally).

Among the 16 causes of workplace fatalities (yes, there’s even an “Other” category – 5 deaths, in case you’re curious), the big villain is falls from height. This accounted for 50 of the 138 deaths, or 36 percent. To put it bluntly, gravity is winning.

Now, let’s talk height. A fall from just 1 metre can ruin your day – and maybe your life. But in the world of bulk fluid transfer on tanker tops, we’re not dealing with 1-metre falls. We’re talking heights of 3.6 to 4.2 metres (that’s 13’-9” for the imperial-minded), where a worker has just under a second to reflect on their life choices before hitting the ground at 32.6 km/h (20.28 mph). Cheery, right?

And it’s not just the height. Let’s not forget the workers themselves – average height, 1.65 to 1.93 metres, weighing 75 to 110 kg. A gap of more than 30 cm (12”) in their work environment becomes a perfect fall-through point. That’s not a design feature; that’s a safety nightmare.

Now, before we dive into solutions, let’s take a quick break for some visual reality. Here’s a picture that shows exactly what NOT to do when working on tanker tops.

The Scene of the Crime: 6 Major Safety Concerns

1. The Folding “Safety” Stairs
   These stairs have seen better days. They’ve been dragged, bent, and generally mistreated, leading to misaligned bearings and an eventual catastrophic failure waiting to happen. Oh, and that last step? It’s a 35 cm leap of faith to the tanker top. Not cool.
2. The Lifeline
   Sure, the lifeline stops a fall, but that’s the bare minimum. What happens if the worker is knocked unconscious? Hanging in a harness isn’t just uncomfortable – it’s dangerous. (Look up “Orthostatic Suspension” for a chilling read.)
3. Tanker Top Hazards
   Picture this: A worker stepping down onto a manhole cover, loose hose, and a T-bar wrench. It’s like an obstacle course designed by someone with a grudge.
4. The Drip Bucket
   This drip bucket might be functional, but it’s hogging precious space in an already cramped area.
5. Trip Traps
   A random ladder and a coil of hose are just begging to trip someone. Why are they even there?
6. The Loading Arm
   The arm design and positioning are off. Inserted at an angle into the manhole, it creates gaps, making vapour return ineffective. Worse, the tanker is parked too close to the platform, thanks to limited arm reach.

The Big Question: How Do You Fix This?

Preventing falls from tanker tops isn’t just about adding safety cages or harnesses – it’s about rethinking the entire operation:

• Why does the worker need to be on the tanker top? Can the process be redesigned to avoid it?
• How can you eliminate trip hazards, reduce manual effort, and improve ergonomics?
• Is your equipment designed to prioritise safety while being practical to use?

At Carbis Loadtec, we’ve spent decades answering these questions with real solutions. Our motto, YOUR SAFETY, OUR MISSION, isn’t just a tagline – it’s the foundation of everything we do.

Unlike some suppliers who slap on the cheapest “solution” and call it a day, we go deeper. From assessing gaps in safety cages to ensuring loading arms are positioned for maximum safety and efficiency, we leave no stone unturned.

Take the Safe Route

Falls from tanker tops aren’t just statistics – they’re real risks with real consequences. If you’re responsible for tanker-top operations, don’t settle for quick fixes that create bigger problems.

Call us for a professional assessment. We’ll help you design the safest, smartest solution for your workers – because gravity doesn’t take a day off, and neither should safety.

*Source: Health and Safety Executive, published 3rd July 2024.

For more information visit www.carbisloadtec.com

Chevron Corporation has announced that Tengizchevroil LLP, its 50 percent-owned affiliate, has commenced oil production at the Future Growth Project in the Tengiz oil field, Kazakhstan.

The FGP is the third processing plant at the Tengiz oil field and significantly expands sour gas injection capacity. Once fully operational, the project is expected to increase production by 260,000 barrels per day, boosting total output to approximately one million barrels of oil equivalent per day. This achievement follows the completion of the Wellhead Pressure Management Project in 2024, which was designed to optimise field operations and enhance processing efficiency.

“First oil at the Future Growth Project is the latest in a series of development milestones, including in the Gulf of Mexico and the Permian, that are expected to significantly increase free cash flow to the company and deliver value for Chevron shareholders,” said Mark Nelson, Chevron vice chairman.

A Key Milestone for Tengiz and Kazakhstan
The Tengiz oil field, located in western Kazakhstan, is recognised as the world’s deepest producing supergiant oil field and the largest single-trap producing reservoir globally. The FGP marks the culmination of a multiyear effort to modernise the field’s gathering and processing systems.

“This milestone concludes a multiyear project that completely revamped the gathering and processing capacity of one of the world’s largest oil fields, providing significant economic benefit to the Republic of Kazakhstan,” said Clay Neff, president of Chevron International Exploration & Production. “This accomplishment was made possible through our strong partnerships with Kazakhstan, our contractors, and the local workforce.”

Upgraded Infrastructure for Long-Term Output
The combined FGP and WPMP developments have significantly enhanced the Tengiz field’s infrastructure. Key upgrades include:

• Installation of five Frame 9 gas turbine generators for power supply.
• Addition of four large compression trains with increased pumping capacity.
• A new centralised control centre.
• Enhanced sour gas handling and reinjection systems for long-term pressure maintenance.

About Tengizchevroil LLP (TCO)
TCO is a Kazakhstani partnership comprising Chevron (50 percent), KazMunayGas (20 percent), ExxonMobil (25 percent), and Lukoil (5 percent). The partnership’s work at the Tengiz oil field exemplifies collaboration between international and local stakeholders to achieve strategic energy goals for Kazakhstan while delivering global energy solutions.

For more information visit www.chevron.com

Mabanaft has announced plans to develop methanol storage capabilities at its Blumensand terminal to facilitate the import and distribution of low-carbon methanol in northern Germany. This initiative aligns with the company’s commitment to supporting its customers’ transition to greener alternatives. The demand for methanol is expected to grow across various sectors, including shipping, transportation, and the chemical industry.

The project involves a multi-million-euro investment, with retrofitting of tanks scheduled to begin in mid-2025 and methanol storage operations expected to start in 2027. Mabanaft will import, store, and distribute the methanol within Germany and potentially to other markets. The project is subject to approval by the Hamburg Authority of Environment, Climate, Energy and Agriculture (BUKEA), with the application process initiated in January 2024.

Photo Copyright: Mabanaft

Two-Stage Conversion of Tanks
The project will retrofit four tanks with a total capacity of approximately 20,000 cubic metres. The conversion will occur in two phases: the first two tanks are planned for completion by mid-2026, followed by the remaining tanks in 2027.

Low-Carbon Methanol Solutions
Mabanaft is collaborating with existing and new customers to develop decarbonised fuel solutions, including various types of low-carbon methanol. These include:

• E-methanol, synthesised using renewable electricity and captured CO2.
• Biomethanol, produced from biomass.
• Blue methanol, derived from natural gas with carbon capture and storage.

“These solutions cater to regional legislation and customer preferences, helping to address decarbonisation challenges,” explained Joost Vespermann, business developer in Mabanaft’s Sustainable Fuels division.

Shipping: A Key Market for Methanol
Methanol is a critical option for sustainable fuels in the shipping industry. Oleksandr Siromakha, Head of Sustainable Fuels at Mabanaft, stated, “In the shipping industry, there is no single solution for sustainable fuels. That’s why we are committed to offering a diverse range of options tailored to our customers’ needs, including bio-blends, hydrogen, ammonia, and methanol.” He emphasised the company’s role in simplifying the transition by making alternative fuels more accessible.

Mabanaft is already aiding cruise lines and other marine sector players in adopting methanol, while also targeting other transportation sectors and the chemical industry. In January 2024, the company signed a letter of intent to supply green methanol to TUI Cruises, further demonstrating its commitment to supporting decarbonisation.

For more information visit www.hafen-hamburg.de

The Tank Storage Association, the national trade association representing the interests of the bulk storage and energy infrastructure sector, is delighted to announce that Storage Terminals Magazine, Tank Storage Magazine, Fuel Oil News and Tanks & Terminals are the official media partners of the 2025 edition of the Tank Storage Conference and Exhibition.

The Tank Storage Conference and Exhibition, the UK’s leading annual event for the bulk storage and energy infrastructure sector, will return to the Coventry Building Society Arena on 18^th September 2025 with a programme featuring insightful presentations and discussions led by leading experts from government, the regulators and industry and over 60 top-tier exhibitors showcasing an extensive array of products and services.

Peter Davidson, CEO of the Tank Storage Association, said: “We are delighted to announce this year’s official media partners for the Tank Storage Conference and Exhibition and are incredibly grateful for their support. Our flagship annual conference brings together professionals from across the bulk storage sector and beyond for a day of thought-provoking discussions, networking and knowledge exchange. This year’s event will once again feature distinguished panellists and speakers sharing their expertise and insights to inspire, innovate, and drive our industry forward. Our official media partners play a crucial role in amplifying the impact of this important event for our sector and we are looking forward to welcoming them in September.”  

For more information www.tankstorage.org.uk

Vopak Vlaardingen, located in the Port of Rotterdam, has commissioned a new 10-megawatt electric boiler (e-boiler) to support its sustainability initiatives and contribute to the energy transition in the Netherlands. The e-boiler is a key milestone for the terminal, which specialises in the storage of vegetable oils, fats, and feedstocks for biofuels.

Walter Moone, president of Vopak Netherlands, expressed gratitude for the collaboration behind this achievement, stating, “Vopak’s infrastructure plays an important role in the Netherlands, both in terms of energy security and in the energy transition. With this e-boiler, we can fulfil our role in a more sustainable way. We would like to thank everyone involved, both inside and outside Vopak, who helped make this happen.”

The e-boiler, powered by green electricity since 2021, enables CO2-neutral operation and significantly reduces environmental impact. Approximately 3,500 tons of CO2 are saved annually, equivalent to the gas consumption and emissions of about 2,000 households. This innovation allows many of the terminal’s stored products, which require heating for transport, to be processed more sustainably.

The terminal’s efforts align with its broader sustainability ambitions. In 2023, 16 new tanks were installed to store waste-based vegetable and animal raw materials used in the production of biodiesel and sustainable aviation fuel. With growing demand for sustainable fuels in Europe, Vopak Vlaardingen is positioning itself as a key player in supporting this transition.

Beyond CO2 reduction, the e-boiler alleviates pressure on the national electricity grid. It operates at full capacity during periods of surplus wind and solar energy, storing heat for later use and making efficient use of renewable energy.

Koen Kegel, alderman at the Municipality of Vlaardingen, inaugurated the e-boiler in a festive ceremony. He praised the company’s commitment to sustainability, stating, “The municipality of Vlaardingen is proud of companies like Vopak that take responsibility for reducing their own CO2 emissions. The new electric boiler plays a major role in this. This innovation saves an amount of gas that is equivalent to the consumption of thousands of households.”

With the introduction of the e-boiler, Vopak Vlaardingen reaffirms its dedication to supporting both the local community and the global energy transition, setting an example for sustainable operations in the energy storage sector.

For more information visit www.vopak.com

Arrow Energy CEO Zhengxin Peng has announced the signing of a significant, multi-year contract valued at nearly $100 million with Silver City Drilling on LinkedIn. This partnership will deliver hundreds of new wells as part of Arrow Energy’s ongoing Surat Gas Project, marking another milestone in the company’s commitment to advancing energy production in the region.

Silver City Drilling, an Australian company with extensive experience and strong ties to the Surat Basin, has been selected for the project. The contract is expected to generate up to 12 local jobs and contribute more than $1.5 million annually to the region’s economy, providing a welcome boost to local communities.

Zhengxin Peng shaking hands with Viv Oldfield

Since the Surat Gas Project commenced in late 2020, Arrow Energy has brought over 275 wells online, increasing gas production to an impressive 250 terajoules per day – enough to power approximately 1.7 million homes daily. The new agreement with Silver City Drilling will enable the development of an additional 450 wells in the coming years, including 250 wells as part of the Surat Gas Project North expansion northeast of Miles.

Zhengxin Peng expressed enthusiasm for the collaboration, stating, “I look forward to working with Viv Oldfield and the team at Silver City Drilling to progress this exciting next phase of our Surat Gas Project.”

This development reflects Arrow Energy’s continued commitment to driving local economic growth while supporting Australia’s energy needs.

For more information visit www.arrowenergy.com.au

This year marks a remarkable milestone for the ConocoPhillips-operated Teesside Oil Terminal in the United Kingdom, as it celebrates 50 years of service. Renowned for its exceptional reliability and unwavering commitment to safety, the terminal has been a cornerstone of energy operations since its inception.

The journey began on 19 October 1975, when the first volumes of oil were transported through the 354-kilometre Norpipe Oil subsea pipeline from the Ekofisk field on the Norwegian shelf, across the North Sea, to the Teesside Oil Terminal on England’s northeastern coast. Over the decades, additional oil and gas fields from Norway and the UK have contributed to the Ekofisk blend, which the terminal processes, stores, and loads onto tankers with an impressive 99.99 percent uptime.

Situated at Seal Sands in Middlesbrough, the Teesside Oil Terminal has built a legacy of environmental excellence, earning recognition for its high standards in environmental management. The terminal’s diligence in monitoring, measurement practices, and cooperation with regulatory agencies underscores its commitment to sustainability.

Lee Murray, general manager at ConocoPhillips Holdings Ltd., highlighted the terminal’s significance, stating, “We are proud of our legacy and performance. Our reliability at the terminal is key to energy security.”

The site’s dedication to safety has also been a hallmark of its operations. Simon Leach, Health, Safety, Environment, and quality manager, emphasised this commitment, stating, “Our top priority is achieving zero injuries, ensuring everyone returns home safely. We are dedicated to upholding our high safety standards and fostering a secure, productive environment for everyone.”

The terminal is home to approximately 260 employees and hosts around 300 contractors, with a daily workforce of about 500 people on-site. An additional 60 employees operate from the Wynyard office. Together, these teams manage the flow of volumes from offshore fields, oversee separation and stabilisation processes, and handle crude oil storage in nine tanks, each with a capacity of 640,000 barrels. They also coordinate offloading operations at the port’s jetty area, ensuring seamless transport of oil and natural gas liquids onto tankers.

Employees like Aaron Stallard exemplify the terminal’s emphasis on professional growth. Stallard began his career as an instrument and analyser technician after completing an apprenticeship. Balancing work and education, he earned a bachelor’s degree in electrical and electronic engineering before transitioning into leadership roles. Currently, he serves as project lead for schedule execution and budgets while pursuing a master’s degree in process safety and loss prevention. Reflecting on his journey, Stallard said, “I’m proud to work for a company focused on professional development and contribute to projects that transform and future-proof operations at Teesside.”

As the terminal looks to the future, it is nearing the completion of a state-of-the-art control room, replacing the on-site facility that has served for nearly five decades. Anne Willis, U.K. human resources manager, highlighted the upgrade, saying, “The new building, with its state-of-the-art control room, office, and meeting space, along with an improved social area, provides for a fantastic work environment. This upgrade reflects our commitment to continuous improvement and sets the stage for future success.”

With a legacy of excellence spanning five decades, the Teesside Oil Terminal continues to play a pivotal role in energy operations, combining innovation, reliability, and sustainability as it prepares for the next chapter in its history.

For more information visit www.conocophillips.com

To tackle the challenge of decarbonising the transport sector, the Renewable Transport Fuel Obligation (RTFO) is set to increase to 25 percent (by energy content) starting January 1, 2025. This requirement mandates a higher proportion of transport fuel to be derived from renewable sources, impacting all vehicles on the road.

The “Energy in Ireland 2024” report published by the Sustainable Energy Authority of Ireland (SEAI) indicates that the transport sector is the largest contributor to energy demand within the Irish economy, with transport energy demand increasing by 4.5 percent in 2023. Road transport was responsible for 75 percent of total transport energy consumption, with private cars making up nearly 40 percent of that total.

In 2023, overall demand for road diesel in Ireland rose by 1 percent. However, due to mandates that increased the blending of biofuels into road fuels, the usage of fossil diesel decreased, leading to a reduction in emissions from road diesel. As the RTFO legislation continues to mandate the use of biofuels, these fuels are poised to play a vital role in Ireland’s strategy for decarbonisation.

The RTFO requirements are expected to rise consistently, with blending mandates primarily fulfilled through Hydrotreated Vegetable Oil (HVO), commonly known as renewable diesel. This biofuel is chemically similar to fossil-based diesel, which allows for higher blending rates.

Inver is responsible for importing HVO into its jointly owned terminal in Foynes. The terminal’s flexible infrastructure enables Inver to adjust the blending of HVO with fossil-based diesel efficiently, ensuring compliance with the RTFO.

The HVO supplied by Inver is sourced from auditable and certified supply chains, adhering to the International Sustainability & Carbon Certification (ISCC) scheme. The ISCC is a globally recognised sustainability system approved under the European Union’s Renewable Energy Directive (RED II), which ensures compliance with legal requirements.

For more information visit www.inverenergy.ie

EnQuest PLC has announced the signing of a sale and purchase agreement to acquire Harbour Energy’s business in Vietnam, including a 53.125 percent equity interest in the Chim Sáo and Dua production fields. This acquisition aligns with EnQuest’s strategy to expand its international footprint by investing in fast-payback assets with low capital requirements and reduced carbon intensity.

The transaction, effective from 1 January 2024, is expected to close in the second quarter of 2025. Valued at $84 million, the final consideration payable by EnQuest at completion is projected to be approximately $35 million, accounting for interim period cash flows. This acquisition marks EnQuest’s entry into Vietnam and strengthens its presence in Southeast Asia, complementing its successful operations in Malaysia, where the group was recognised as Operator of the Year by Petronas in 2024.

EnQuest will assume operatorship of the Chim Sáo and Dua fields (Block 12W) upon completion, leveraging its expertise in late-life and FPSO (Floating Production Storage and Offloading) asset management to optimise production and progress discovered resources into reserves. As of 1 January 2025, Block 12W contains 7.5 million barrels of oil equivalent in net 2P reserves and 4.9 million boe in 2C resources.

Production from the fields has responded positively to recent investments, including three infill wells drilled in 2023 and multiple well interventions during 2023–2024, which added approximately 3.0 MMboe to 2P reserves. In 2025, net production is forecast to average 5,300 barrels of oil equivalent per day (kboepd), with further potential upside from ongoing well interventions.

The Chim Sáo and Dua fields produce high-quality oil, approximately 73 percent of output, which commands a 10 percent premium to Brent. Gas is commercialised under an Associated Gas Gathering Agreement. The fields operate at a breakeven cost of around $40 per boe, with minimal capital expenditure requirements and a decommissioning liability covered by a PSC (Production Sharing Contract) fund. The resulting free cash flow underpins their value as strategic anchor assets for EnQuest’s entry into Vietnam.

The Block 12W Production Sharing Contract runs until November 2030, with an option for extension. Additional opportunities include three gas discoveries and several unexplored targets within the block, offering further growth potential that EnQuest intends to pursue.

Amjad Bseisu, CEO of EnQuest, commented on the acquisition:
“Our entry into Vietnam complements EnQuest’s well-established and high-performing Malaysia business, significantly enhancing our scale and opportunities in Southeast Asia. The region is central to EnQuest’s growth and diversification strategy, and we are excited to apply our expertise to optimise and enhance the Block 12W assets. We look forward to welcoming new employees from Harbour Energy and collaborating with our partners, Bitexco and PetroVietnam Exploration Production Corporation Ltd, to explore additional opportunities within the assets.

As EnQuest continues to progress a transformational transaction in the UK North Sea, this agreement reflects our disciplined approach to growth and commitment to deploying capital where it delivers the most favourable returns.”

For more information visit www.enquest.com

Vår Energi has announced a strategic partnership with Aker Solutions, Honeywell, and StS-ISONOR, building on an established collaboration model with clear incentives for working as an integrated team to achieve shared objectives.

The partnership includes a five-year contract with an option to extend up to 11 years. Aker Solutions’ executive vice president, Paal Eikeseth, emphasised the importance of collaboration: “We are proud to be a trusted and strategic partner for Vår Energi. At Aker Solutions, we believe that strong partnerships drive efficiency, foster continuous improvement, and enable a leaner project organisation.”

This collaboration focuses on joint project planning, safe and efficient execution, and the alignment of objectives to create value.

Vår Energi’s chief operating officer, Torger Rød, highlighted the significance of this four-party alliance:
“Aker Solutions, Honeywell, and StS-ISONOR represent world-leading technical expertise and extensive experience in areas of strategic importance to our activities. With Vår Energi’s clear growth ambitions, a strong and long-term partnership is crucial. We are working purposefully to achieve results through close collaboration, actively utilising our partners’ core competencies. By year-end, we will increase production to around 400,000 barrels per day, making us one of the world’s fastest-growing oil and gas companies.”

Vår Energi operates across the Norwegian Continental Shelf, managing a diversified portfolio of 200 licenses and 42 producing fields.

As part of this collaboration, Aker Solutions signed a sizeable frame agreement in December 2024 to provide maintenance and modification services for Vår Energi’s Jotun, Balder, and Ringhorne assets in the southern Norwegian Continental Shelf. This agreement, valued between NOK 0.5 billion and NOK 1.5 billion, is an integral component of the strategic partnership.

This alliance exemplifies the commitment of Vår Energi and its partners to advancing efficiency, innovation, and sustainable growth in the oil and gas sector.

For more information visit www.akersolutions.com

After training over a thousand individuals across various levels of the marine storage terminal industry, it has been observed that many professionals are unaware that they may be operating incorrectly while appearing to do things right. This was tested by inquiring whether participants had ever read the International Safety Guide for Oil Tankers and Terminals (ISGOTT) or the Society of International Gas Tankers and Terminals (SIGTTO) guide.

Despite smooth operations and a low number of accidents, a concerning dependency on others to perform correctly was evident. For example, one loading master was found to be unaware of the difference between ‘port’ and ‘starboard,’ yet he was responsible for the cargo loading/discharge agreement and the Ship/Shore Safety Checklist. This individual had not received formal training but rather learned through experience from a predecessor who had also not consulted the ISGOTT and SIGTTO guidelines.

Onboard, this loading master feigned understanding of the relevant questions and terminology, completing checklists without inquiry and ensuring documentation was signed and stamped. He did not request to inspect the deck, engine room, or pump room, as he had not been instructed to do so, thus relying solely on the chief officer’s knowledge.

ISGOTT encompasses 25 chapters of quantifiable information, which is essential for all safety and natural systems. A significant perception issue exists: individuals often do not recognise the importance of optimising the information and knowledge available to them unless directed to do so.

When asked, most terminal managers admitted to not having read the international guidelines or adapted their policies accordingly. TankTerminalTraining conducted a global assessment of this information deficit and discovered that only a handful had made the necessary efforts.

It is critical for terminal managers, operators, and supervisors to understand that only systems utilising optimal information function effectively. When an information deficit is identified, performance suffers, leading to inefficiencies that can be characterised as uncertainty. In physics, these uncertainties are referred to as entropy, or disorder resulting from information deficiency. Entropy can be understood in various contexts:

– Physical Entropy: Refers to information as energy that is unavailable for productive work, rendering optimal functionality impossible.
– Information Entropy: Involves a lack of information necessary to comprehend messages, leading to misunderstandings and communication breakdowns. This form of entropy encompasses both the information that is absent and that which is intentionally suppressed.
– Social Entropy: Similar to physical entropy, this concept describes information as energy that cannot be utilised effectively, resulting in societal inefficiencies and uncertainty.

TankTerminalTraining provides courses aimed at helping operators enhance their performance.

For more information visit www.tankterminaltraining.com

Exolum has announced a significant achievement in its Liquid Organic Hydrogen Carrier project in the United Kingdom, marking the successful completion of the transportation and storage phase.

This innovative project demonstrates the feasibility of integrating hydrogen into existing fuel infrastructure, allowing for its safe and efficient transport and storage alongside aviation, road, and heating fuels. The success of this phase highlights the potential of LOHC technology to revolutionise hydrogen logistics.

“At Exolum, we believe that the future of hydrogen largely depends on its logistics,” stated the company. “LOHCs offer a flexible and adaptable solution to support the development of the global hydrogen economy.”

Exolum’s progress with LOHC technology underscores its commitment to advancing sustainable energy solutions and contributing to the transition to a low-carbon future. The project represents a significant step forward in making hydrogen a viable energy source for diverse industries worldwide.

For more information visit www.exolum.com

Evos has successfully installed over 1,500 new solar panels at its Amsterdam West terminal, bringing the total to 1,700 panels. This renewable energy initiative is set to produce approximately 650 MWh of electricity annually, supporting the Port of Amsterdam’s goal of achieving 350,000 m² of solar panels by 2025. Evos is contributing 5,200 m² to this ambitious target.

This development underscores Evos’s commitment to sustainability and the ongoing transition to cleaner energy. In addition to the solar panels, the terminal has also installed 12 new electric vehicle charging points, further promoting green transportation options.

“We are proud of this project and what it represents for both Evos and the Port of Amsterdam,” said Edgar Leenen, MD at Evos Amsterdam. “This is a tangible step forward in our commitment to sustainability, and it is only the beginning. By investing in renewable energy, we are helping pave the way for a cleaner, greener future for the entire port community.”

Evos expressed special appreciation for project manager Dorien Kalmijn and construction manager Cor Kievith for their dedication to bringing this initiative to fruition. The company also acknowledged its valued partner, EQUANS, for their engineering and construction expertise.

The solar panel installation at Amsterdam West is part of a broader renewable energy expansion across Evos terminals in Amsterdam East, Ghent, Hamburg, and Malta. These efforts highlight Evos’s growing role in fostering sustainable energy solutions.

For more information visit www.evos.eu

Stolthaven Revivegen Kaohsiung Terminal Co., Ltd., the joint-venture terminal located at Kaohsiung Port, Taiwan, is making significant strides in its development.

Since opening last year, SHRVK has begun serving both international and domestic customers with its specialised warehouse and distribution facilities. The terminal handles a range of products, including traditional chemicals, biofuels, and ethanol. The state-of-the-art storage facility is now approaching completion, marking a key milestone in its operational capabilities.

Strategically situated on a major shipping route, SHRVK is set to become a comprehensive hub for storage, warehousing, aggregation, and distribution. It aims to meet the needs of both local and global customers conducting business in Taiwan and throughout the Asia Pacific region.

Amid the ongoing regionalisation of supply chains driven by evolving global trade dynamics, SHRVK is well-positioned to offer reliable and adaptable supply chain solutions to its clients. This progress reinforces its role as a pivotal player in supporting efficient trade flows and meeting the region’s growing logistics demands.

For more information visit www.stolt-nielsen.com

Exolum, a global leader in bulk liquid logistics, and ADIF, Spain’s state-owned railway infrastructure operator, have signed an agreement to explore the creation of a railway logistics network dedicated to the transport of liquid bulk products critical to decarbonisation efforts. This network will focus on the transportation of products such as captured CO2, e-fuels, and biofuels.

The initiative aims to utilise and enhance existing infrastructure to reduce costs, implementation times, and environmental impact, while advancing Spain’s leadership in sustainable and efficient logistics solutions.

Ignacio Casajús, Global Strategy & Growth Lead at Exolum, emphasised the significance of the collaboration, stating:
“This agreement will enable us to optimise the logistics of these new products through an efficient and sustainable transport network that meets market demands and maximises the reuse of existing infrastructure.”

The partnership underscores the commitment of both organisations to advancing Spain’s energy transition and achieving carbon reduction targets by developing innovative and sustainable logistics solutions tailored to the evolving needs of the market.

For more information visit www.exolum.com

ADNOC Gas plc, a leading integrated gas processing company, has entered a landmark long-term partnership with Emirates Water and Electricity Company to support the UAE’s energy transformation. The collaboration is underpinned by a 10-year flexible natural gas sales and purchase agreement worth $10 billion between ADNOC Gas Facilities LLC and EWEC.

The partnership was announced during Abu Dhabi Sustainability Week 2025 at the World Future Energy Summit, with key representatives including Fatema Al Nuaimi, CEO of ADNOC Gas, and Othman Al Ali, CEO of EWEC.

Fatema Al Nuaimi highlighted the partnership’s strategic importance, stating:
“This 10-year agreement underlines our commitment to leveraging Abu Dhabi’s vast gas reserves to support the UAE’s net-zero ambitions. By fueling over two-thirds of the nation’s industries, we are driving sustainable economic growth and diversification while ensuring energy self-sufficiency.”

Othman Al Ali emphasised the critical role of natural gas in bridging the transition to renewable energy, saying:
“This agreement secures a stable and flexible natural gas supply pivotal to the UAE’s energy transition. By enabling a decarbonised water and electricity system and supporting renewable integration, we are contributing to the UAE’s Net Zero by 2050 Strategic Initiative while powering economic growth and sustainability.”

The agreement ensures the delivery of natural gas to gas-fired plants across Abu Dhabi and the UAE, providing essential transitional capacity to integrate large-scale renewable and clean energy. Gas-fired plants’ ability to adapt output to real-time demand complements solar power during peak periods, supporting a resilient and lower-carbon energy system.

By collaborating with EWEC, ADNOC Gas underscores its role in advancing the UAE’s energy transformation. The partnership highlights the shared commitment to sustainability, with ADNOC Gas providing secure, flexible, and affordable lower-carbon energy solutions to reduce the carbon footprint of its customers.

This collaboration reflects ADNOC Gas’s broader strategy to drive value for its shareholders and contribute to the UAE’s economic growth while advancing digital technologies and decarbonisation efforts. The partnership reinforces the alignment of both organisations with the UAE’s strategic goal of achieving net-zero emissions by 2050, further cementing their roles as leaders in the global energy transition.

For more information visit www.adnocgas.ae

LBC Tank Terminals Rotterdam has announced an exciting milestone in its ongoing expansion project. This weekend, the terminal received the first eight tanks, which were meticulously constructed by Verwater Group B.V. in Antwerp and safely transported to the Rotterdam site by ship.

These eight tanks mark the beginning of a larger initiative that will see the addition of 36 new tanks in total. Once completed, this project will increase LBC Tank Terminals’ storage capacity from 180,000 m³ to an impressive 240,000 m³, further enhancing its ability to meet growing customer demand.

LBC Tank Terminals extended its gratitude to Verwater Group B.V. for their expertise and professionalism throughout the construction and delivery process, ensuring the successful and secure arrival of the tanks.

The company is looking forward to the next phases of the project and remains committed to sharing updates on its progress as it continues to develop its infrastructure and capabilities.

For more information visit www.lbctt.com

Essar Energy Transition Hydrogen has signed an Engineering, Procurement, and Construction contract with ENKA for the development of its flagship low carbon hydrogen production plant. The facility, located at the Stanlow Manufacturing Complex in Ellesmere Port, Cheshire, marks a significant advancement in the UK’s transition towards sustainable energy solutions.

HPP1 will be the UK’s first large-scale low carbon hydrogen project, supported by funding announced by the UK Government in October 2024 as part of the HyNet Cluster initiative. The plant will feature a production capacity of 350 MW and is expected to capture approximately 600,000 tonnes of CO₂ annually—the equivalent of removing around 250,000 cars from UK roads.

This project represents a major step forward for EET Hydrogen, contributing to its goal of developing 4 GW of low carbon hydrogen production to support industrial businesses in the North West of England. The initiative aims to facilitate decarbonisation, safeguard jobs, and drive regional economic growth.

ENKA, a leading global engineering and construction firm headquartered in Istanbul, Turkey, was selected for the contract following a competitive tender process. Known for delivering complex infrastructure projects, ENKA has a strong UK presence, having worked on major projects such as the Hinkley Point Power Plant in Somerset and the Shotton Mill Paper Mill Factory in Flintshire.

Joe Seifert, CEO of EET Hydrogen, expressed his enthusiasm for the partnership:
“Following a highly competitive tender process, we are excited to announce this critical contract with ENKA. Having been awarded over 580 contracts in 57 countries, ENKA has an excellent track record in delivering complex projects like HPP1. The team brings a wealth of experience, and we are delighted to partner with them as we deliver on our ambition to become the UK’s premier producer of low carbon hydrogen.”

Hakan Kozan, Member of ENKA’s executive committee, highlighted the project’s importance:“We are thrilled to partner with EET Hydrogen on the HPP1 project, a transformative initiative that will play a key role in advancing the UK’s low carbon hydrogen industry and contributing to global decarbonisation efforts. As a global engineering and construction company, we bring expertise, engineered solutions, and a commitment to excellence to every project we undertake. This project reinforces our commitment to supporting the HyNet Cluster’s mission of reducing emissions and fostering sustainable economic growth. We look forward to delivering a safe and successful project for our distinguished customer.”

The HPP1 project underscores EET Hydrogen’s commitment to transforming the UK’s industrial sector by providing sustainable and scalable hydrogen solutions. With its strategic partnership with ENKA, EET Hydrogen is well-positioned to lead the charge in decarbonising the region’s economy while contributing to broader global sustainability goals.

The project is a critical component of the HyNet Cluster and a landmark development for the UK’s low carbon energy landscape, aligning with the nation’s ambitions for a cleaner, greener future.

For more information visit www.eethydrogen.com

Advario Finland Oy has announced a major milestone with the signing of a long-term agreement to handle and store sulfuric acid at its Mussalo terminal, located in the Port of HaminaKotka. This development underscores Advario’s dedication to supporting domestic business, serving local customers, and ensuring the seamless import of critical chemicals vital to Finland’s industrial sector.

The agreement comes at a pivotal time as Advario Finland Oy seeks to diversify and develop new business opportunities in response to global trade transitions. Through this partnership, the company strengthens its domestic operations and reinforces its capability to deliver safe, efficient, and sustainable logistics solutions tailored to the needs of Finnish industry.

Jari Kokko, commercial and business development manager at Advario Finland Oy, commented: “This agreement marks a significant step forward for Advario Finland Oy as we open new growth opportunities and reinforce our commitment to supporting Finnish industry. By working closely with our partners, we ensure a stable and reliable supply chain for sulfuric acid while adhering to the highest safety and sustainability standards. This milestone highlights our dedication to delivering world-class logistics solutions that create long-term value for our customers and the region.”

The Mussalo terminal’s advanced infrastructure and rigorous safety protocols will play a central role in the partnership. The facility is recognised for its operational excellence and commitment to environmental sustainability, making it an ideal hub for managing sensitive chemical logistics.

The agreement also involves significant investments to bolster the regional sulfuric acid supply chain and contribute to the economic growth of the Mussalo port area. Its flexible framework allows for future expansions to adapt to evolving business needs.

This milestone reflects Advario Finland Oy’s dedication to fostering strong domestic partnerships and supporting the industrial backbone of Finland. By securing this agreement, the company demonstrates its strategic focus on creating resilient supply chains and delivering value to both customers and the broader region.

For more information visit www.advario.com

CNOOC and Shell Petrochemicals Company Limited, a joint venture between Shell Nanhai B.V. and CNOOC Petrochemicals Investment Ltd, has announced its final investment decision to expand its petrochemical complex in Daya Bay, Huizhou, South China.

The expansion will include a third ethylene cracker with a planned capacity of 1.6 million tonnes per year, alongside associated downstream derivatives units producing chemicals such as linear alpha-olefins. The project also includes a new facility designed to produce 320,000 tonnes per year of high-performance speciality chemicals, including polycarbonates and carbonate solvents, which play a vital role in everyday applications.

Linear alpha-olefins are integral to producing detergent alcohol and synthetic lubricant base oils, while polycarbonates enable impact-resistant plastics as a lighter alternative to carbon-intensive steel. Carbonate solvents are essential for lithium-ion batteries, supporting the electric vehicle and energy storage sectors.

Primarily targeting domestic demand in China, the new facilities will produce a diverse range of chemicals used across agriculture, industrial, construction, healthcare, and consumer goods sectors. The investment will enhance CSPC’s competitiveness by extending its value chains, fostering further integration with the existing site, and enabling greater innovation to meet the evolving needs of the Chinese market.

“For more than two decades, CSPC has provided high-value products to the market, becoming one of the largest petrochemical joint ventures in China,” said Huibert Vigeveno, Shell’s downstream, renewables, and energy solutions director. “This new investment is a key enabler to realise CSPC’s transformation strategy towards more premium and highly differentiated chemical products. It aligns with Shell Chemicals & Products’ strategy to pursue targeted growth at advantaged locations and demonstrates our strong partnership with CNOOC.”

The expanded facilities are expected to be operational by 2028.

For more informaiton visit www.shell.com

A new year means a fresh start in areas that were less than successful last year. When it comes to corrosion control, the rewards of making and keeping practical corrosion resolutions are not only satisfying but often save time and money. For those who want to do better in 2025, Cortec^® Corporation suggests the following five resolutions to kickstart the year.

#1: Resolve to End Customer Corrosion Complaints

New parts that arrive at their destination speckled with rust are almost sure to prompt customer complaints and demands to make things right. The easy way to avoid such headaches and losses is to implement a rust-preventative packaging plan that matches the shipping environment and duration. The possible combinations of VpCI^® packaging are endless, but some favourites include slipping a Cor-Pak^® 1-MUL Pouch inside small packages (one per cubic foot [28 L]), wrapping auto parts in CorShield^® VpCI^®-146 Paper, or adding BioPad^® to a VpCI^®-126 Bag filled with metal components. Vapour-phase corrosion inhibitors diffuse out of these materials and form a protective molecular layer on metal surfaces within the package.

#2: Resolve to Be Ready to Go

Good corrosion protection also plays a vital part in mission readiness. Power plants, hospitals, and oil and gas facilities need to have critical spares and redundant assets to back up primary turbines, boilers, pumps, and other components in case of failure. Once again, Vapour phase corrosion inhibitors in the form of VpCI^® packaging or water treatment (e.g., Boiler Lizard^® or Boiler Dragon^™) provide comprehensive protection and are relatively easy to remove, minimising installation delays and maximising uptime.

#3: Resolve to Restore Rusty Spare Parts

Unfortunately, many facilities already have thousands or hundreds of thousands of dollars’ worth of rusty spares stored in warehouses. These represent a major liability to the facility, especially if a replacement is not available when needed, leading to financial losses from production downtime. Fortunately, it is not all that hard to set up a rust removal station with three containers: one with VpCI^®-422, one with rinse water, and one with VpCI^®-414 for neutralisation and flash corrosion protection. Dipping rusty components in this sequence of liquids has resulted in many success stories and an estimated millions of dollars in assets reclaimed around the world.

#4: Resolve to Extend Structural Service Life

Members of the concrete industry have been finding that it can be tough to find sustainable solutions that do not shorten service life. Cortec^® MCI^® is one technology that looks at the bigger picture and supports sustainable construction by slowing down the corrosion process on embedded rebar. By extending service life, less replacement concrete will need to be made through energy-intensive, carbon emitting processes. For an added sustainability perk, engineers can specify MCI^®-2005, a corrosion-inhibiting admixture that is a USDA Certified Biobased Product.

#5: Resolve to Try a New Biobased Product

In addition to MCI^®-2005, Cortec^® has a long list of USDA Certified Biobased Products that can be used for corrosion control with a nod to sustainability. These include more popular products such as VpCI^®-422, BioCorr^®, EcoShield^® VpCI^®-144, and BioPad^®, as well as newer options such as CorroLogic^® CUI Inhibitor Injection (for inhibiting corrosion under insulation) and EcoLine^® AL-Corr^™ (for protecting aluminum irrigation pipes).

Get Ready for a Successful Year of Corrosion Control!

For more information visit www.CortecVCI.com

OPW® Engineered Systems, a brand within the OPW Fluid Transfer Solutions business unit, has unveiled its new Loading Arm Central™ microsite, designed to provide customers with convenient access to essential information for the installation, operation, and maintenance of OPW loading arms.

The microsite can be accessed via a yellow QR-code sticker placed on every loading-arm shipping crate. Scanning the QR code with a smartphone or mobile device directs users to a video tutorial that guides them through the step-by-step process of uncrating and installing a loading arm. Additionally, the microsite offers a Product Category menu with direct links to detailed product and service information for the loading arm’s components. Installers can also download the latest OPW Loading Arm Installation Manual in English or Spanish from the site. Direct access is available at www.opwglobal.com/loading-arm-support.

“At OPW Engineered Systems, our priority is to facilitate a safe and efficient uncrating and installation process for loading arms,” said Dave Jacobson, global product manager for OPW Engineered Systems. “The videos hosted on the Loading Arm Central microsite provide comprehensive guidance, ensuring installers have all the resources necessary to achieve reliable system performance. This initiative reflects OPW’s ongoing commitment to delivering superior service and support for its loading-arm systems and their users.”

The Loading Arm Central microsite is a testament to OPW’s dedication to enhancing user experience and ensuring the optimal performance of its loading-arm systems through accessible and practical support.

For more information visit www.opwglobal.com

The rapid expansion of artificial intelligence and data centres is driving a surge in natural gas demand, creating significant opportunities for infrastructure and energy providers. Energy Transfer, a leading player in the energy sector, is well-positioned to benefit from this trend, according to co-CEO Tom Long, who spoke during the company’s third-quarter earnings call.

Energy Transfer has observed a sharp increase in requests for natural gas connections from power plants and data centres across the United States. The company is currently evaluating requests from approximately 45 power plants in 11 states and over 40 potential data centres in 10 states.

With a vast network of interstate and intrastate natural gas pipelines, Energy Transfer’s infrastructure spans key regions, enabling it to meet rising demand effectively. The company already serves gas-fired power plants in 15 states, with approximately 185 plants connected either directly or indirectly.

Tom Long highlighted the unprecedented level of demand pull:
“We have never seen this level of activity from a demand pull standpoint, and these opportunities are truly spread across our natural gas footprint from Arizona to Florida and from Texas to Michigan.”

Energy Transfer’s strategic positioning allows it to supply natural gas to critical sectors such as AI and data centres, natural gas power plants, industrial operations, and onshore manufacturing facilities. This demand is expected to drive growth for decades to come.

The company continues to expand its capabilities to serve this growing market, underscoring its role as a key enabler of the AI-driven and data-centric economy. As industries increasingly rely on natural gas for power generation and operational stability, Energy Transfer is set to play a pivotal role in supporting the energy transition while meeting evolving market needs.

For more information visit www.energytransfer.com

Infinium, the pioneer of ultra-low carbon eFuels, has announced the acquisition of Greyrock Technology, a leader in gas conversion solutions, alongside the completion of the first tranche of a Series C Preferred Stock fundraise led by Brookfield Asset Management.

The funding round introduced several prominent investors, including the Japan Hydrogen Fund, Development Bank of Japan, Japan Organisation for Metals & Energy Security, Mitsubishi Corporation, University of Michigan, and RockCreek. They join existing stakeholders such as Amazon, AP Ventures, Mitsubishi Heavy Industries, SK, Neuman & Esser, and NextEra Energy Resources. BofA Securities acted as the placement agent for the fundraise.

This new capital infusion will support Infinium’s growing project pipeline and expand its market offerings in advanced energy solutions.

Infinium’s North American production facility, Project Pathfinder, is the first in the world to produce and ship commercial volumes of ultra-low carbon eFuels to customers across the United States and Europe. Designed as drop-in synthetic alternatives to conventional fuels, eFuels reduce lifecycle greenhouse gas emissions by over 90 percent.

Customers include leading companies such as Amazon, American Airlines, Borealis, and airline consortium IAG. Infinium eFuels provide a viable solution for reducing emissions in hard-to-abate sectors like aviation, shipping, and heavy transportation without requiring new infrastructure.

Robert Schuetzle, CEO of Infinium, remarked: “Infinium eFuels allow our customers to use their existing infrastructure — planes, trucks, ships — while dramatically reducing greenhouse gas emissions in hard-to-abate categories. The continued confidence of our investors demonstrates the growing demand for sustainable energy solutions that give our customers flexibility to solve their greatest energy challenges.”

The acquisition of Greyrock Technology strengthens Infinium’s intellectual property portfolio, now encompassing over 250 global patents. Greyrock’s expertise in proprietary catalysts and Power-to-Liquids technologies enhances Infinium’s capacity to deliver cutting-edge gas conversion solutions across a broad range of applications.

This strategic move cements Infinium’s position as a leader in sustainable energy innovation, providing scalable solutions to meet the growing global demand for decarbonisation in energy-intensive industries.

For more information visit www.infiniumco.com

ADNOC and AIQ have announced the successful completion of the proof-of-concept trial for ENERGYai, a groundbreaking artificial intelligence solution specifically designed for the energy sector. This first-of-its-kind platform combines a 70-billion-parameter large language model with over 50 years of ADNOC’s proprietary knowledge and petabytes of operational data to enhance optimisation and efficiency across its operations.

The 90-day trial demonstrated ENERGYai’s potential to revolutionise upstream exploration and production processes. By employing agentic AI – task-specific AI agents tailored for various functions across the energy value chain – the system achieved significant improvements in seismic survey analysis and reservoir monitoring. Key outcomes included:

• 70 percent improvement in accuracy in major aspects of seismic interpretation.
• Enhanced anomaly detection and advanced reservoir monitoring.
• Delivery of actionable insights in natural language, enabling intuitive interaction for engineers.

ENERGYai also vastly improved data quality by identifying errors, standardising formats, and enriching operational datasets, further enhancing the reliability and usability of input data.

Musabbeh Al Kaabi, ADNOC Upstream CEO, stated:
“The successful completion of this proof of concept for ENERGYai has shown extremely promising results, confirming the solution’s potential to drive value creation and sustainable energy production. By leveraging petabytes of data, ENERGYai will empower our workforce and position ADNOC as the world’s most AI-enabled energy company.”

Magzhan Kenesbai, acting managing director of AIQ, added:
“This achievement reflects close collaboration between ADNOC’s subject matter experts, more than 100 AI specialists, and a secure AI infrastructure. These foundational elements will support even greater advancements in future phases.”

Building on the trial’s success, ADNOC plans to launch the first operational, scalable version of ENERGYai in the first half of 2025. This version will feature five fully operational AI agents focused on subsurface operations. It will undergo test deployments across multiple upstream assets, with plans to expand its application to thousands of additional wells.

ENERGYai represents a significant leap forward in the integration of artificial intelligence into the energy sector, paving the way for enhanced efficiency, accuracy, and sustainability in ADNOC’s operations. As the company continues to invest in cutting-edge technology, it sets a new benchmark for AI-driven innovation in the global energy industry.

For more information visit www.adnoc.ae

Evos Hamburg has announced the launch of DigiTank, an ambitious research initiative aimed at transforming tank storage logistics through digitalisation. Supported by the IHATEC II programme, the project leverages cutting-edge technologies such as digital twins, artificial intelligence, and robotics to address pressing industry challenges, including environmental risks, operational inefficiencies, and workforce shortages.

Pioneering a Safer and More Efficient Future
Over the next four years, DigiTank will focus on turning Evos Hamburg’s terminal into a state-of-the-art facility. The initiative is designed to deliver safer, more efficient, and sustainable operations, setting a new benchmark for the industry. By integrating advanced automation and digital tools, the project will mitigate environmental risks, reduce control room pressures, and improve working conditions for employees.

Evos Hamburg MD Michael Lübke emphasised the critical importance of this transformation, stating:
“Without significant automation and digitalisation, the long-term viability and security of operations is at risk. But this challenge presents an opportunity — to create one of the most modern and efficient terminals in the industry.”

Collaborative Innovation
The success of DigiTank is being driven by a collaborative effort involving several key partners, including:

• Hamburg Port Authority (HPA) Anstalt öffentlichen Rechts
• Schotte Automotive GmbH & Co KG
• University of Duisburg-Essen
• Hafen Hamburg Marketing e.V.
• ma-co maritimes competenzcentrum GmbH
• Unabhängiger Tanklagerverband e.V. (UTV)

This partnership brings together expertise in digitalisation, sustainability, and workforce training, ensuring a comprehensive approach to modernising tank storage logistics.

Industry Support and Vision
The project is made possible through the vital support of the Bundesministerium für Verkehr und digitale Infrastruktur and the IHATEC II programme, reflecting a shared commitment to innovation and sustainability in logistics.

By adopting a forward-thinking approach, Evos Hamburg and its partners aim to establish DigiTank as a model for the future of tank storage, setting a new standard for safety, efficiency, and environmental responsibility in the industry.

For more information visit www.evos.eu

The Energy Institute’s highest honour, the President’s Award, will be presented to Secretary John Kerry during the International Energy Week Dinner in London on 27 February 2025. Recognised for his extraordinary contributions to global climate diplomacy, Secretary Kerry will also share his insights as part of the evening’s proceedings.

A Legacy of Impactful Leadership
Secretary Kerry’s career is marked by steadfast commitment and transformative influence in addressing climate change. As Secretary of State during the Obama administration and later as the first Special Presidential Envoy for Climate under President Biden, he has played a pivotal role in shaping the global response to the climate crisis.

From brokering the landmark Paris Climate Accord in 2015 to facilitating the recent agreement at COP28 to transition away from fossil fuels, Secretary Kerry has been instrumental in fostering international cooperation. His ability to build trust and consensus across nations, including bridging divides with China to prompt action from the world’s two largest emitters, has been critical in advancing climate solutions.

A Champion for Climate Finance and Equity
Beyond high-level diplomacy, Secretary Kerry has demonstrated a deep commitment to supporting developing nations in their fight against climate change. His efforts to mobilise climate finance have set a benchmark for ensuring that vulnerable nations can address the challenges of climate adaptation and mitigation.

An Evening of Recognition and Reflection
The Energy Institute’s President’s Award serves to honour individuals whose contributions have significantly shaped the energy sector and its alignment with sustainability goals. Secretary Kerry’s receipt of this prestigious accolade underscores his enduring impact on climate diplomacy and global energy transitions.

The Energy Institute looks forward to celebrating his achievements and hearing his perspectives on the future of sustainable energy during the International Energy Week Dinner.

For more information visit www.ieweek.co.uk

CB&I has been awarded a significant contract by VMOS, S.A., to oversee the engineering, procurement, fabrication, and construction of a 630,000-cubic-metre (4 million barrels) storage facility for the Vaca Muerta crude oil exportation project. The facility, located in Punta Colorada, Rio Negro Province, Argentina, is part of a strategic initiative aimed at increasing the country’s crude oil exports to both regional and international markets.

Strategic Importance of Vaca Muerta
Vaca Muerta, one of the world’s largest unconventional oil and gas reserves, is a key driver of Argentina’s ambitions to boost its energy exports. The associated Vaca Muerta Sur pipeline will span 437 kilometres, transporting crude oil from the Vaca Muerta formation to a coastal export terminal.

The project is being developed by VMOS, a midstream oil company formed by Argentina’s state-owned energy company, YPF, alongside Pan American Energy, Vista Energy, and Pampa Energía as initial shareholders.

CB&I’s Role in Optimising the Project
CB&I played a pivotal role in the project’s optimisation, supporting the facility’s development from the front-end engineering design phase through to EPC competition. By incorporating value engineering, CB&I helped reduce the project’s overall costs and schedule, ensuring timely commencement of crude oil exportation.

Leadership Perspective
“We are excited to be VMOS’s storage solutions partner for this critical export infrastructure project in Argentina,” said CB&I CEO Mark Butts. “CB&I brings industry-leading safety, quality, and project execution professionalism to every client we serve. We look forward to delivering on our commitments to YPF and the VMOS-associated project partners and shareholders.”

Timeline for Completion
Construction activities are slated to begin in the second quarter of 2025, with the project targeted for completion by the fourth quarter of 2026.

This project underscores CB&I’s expertise in delivering large-scale infrastructure solutions while contributing to the development of Argentina’s vital energy sector.

For more information visit www.cbi.com

In a historic achievement, the Troll field in the North Sea delivered its highest-ever annual natural gas production in 2024, reaching 42.5 billion standard cubic metres. This milestone marks a nearly 10 percent increase from the previous record of 38.8 billion standard cubic metres set in 2022.

A Pillar of Energy Security
The record-breaking output underscores Troll’s critical role in ensuring energy security for Europe. Equinor’s executive vice president for exploration & production Norway, Kjetil Hove, highlighted the significance of the accomplishment: “With record-high production in 2024, the Troll field confirms its position as a pillar of Europe’s energy security. The field contributes to a stable gas supply for millions of households and is essential for European industry. This milestone is the result of decades of targeted work to recover the Troll oil and gas resources efficiently and sustainably. It is rewarding to deliver such substantial volumes of gas when Europe needs it most.”

The Troll A platform in the North Sea Photo: Jan Arne Wold/Elisabeth Sahl – Equinor

Sustainability and Efficiency
Since its inception in 1996, Troll A and the processing plant at Kollsnes have operated with electrification, resulting in some of the industry’s lowest emissions from production and transport. In 2024, partial electrification of the Troll B and C platforms further reduced CO2 emissions by an estimated 90,000 tonnes—an approximate 15 percent decrease.

The enhanced production also benefitted from high operational regularity, the absence of turnarounds, and efficiency upgrades. Key developments such as riser replacement on Troll B and the 2021 expansion to include the gas cap in the western reservoir have significantly bolstered output.

Infrastructure Improvements at Kollsnes
The Kollsnes gas processing plant has undergone substantial upgrades in collaboration with operator Gassco. Capacity increased from 144.5 million to 156 million standard cubic metres per day, playing a pivotal role in supporting the record production levels.

Long-Term Perspective
Helge Haugane, Equinor’s senior vice president for gas and power trading, emphasised the importance of these achievements:
“The efforts to recover more Troll gas and increased export capacity clearly help ensure that our customers in Europe get the energy security and long-term perspective they need.”

The Troll field continues to demonstrate its significance in meeting Europe’s energy needs while setting new standards in sustainable resource management.

For more information visit www.equinor.com

On January 15, 2025, the ship Zhi Yuan Kou from COSCO SHIPPING docked in Antwerp, Belgium, carrying a significant delivery—a colossal furnace measuring 60 metres in height.

A Crucial Component of Project ONE
The furnace is a vital element of INEOS’s Project ONE, a groundbreaking ethane cracker facility under development. It will generate the necessary heat to convert ethane into ethylene, a key chemical used across a wide range of industries. Ethylene serves as a raw material in manufacturing products such as automotive components, medical devices, and sustainable energy solutions.

Image copyright :INEOS

In addition to the furnace, several pipe racks were also delivered. These structures are essential for supporting pipelines and related equipment. However, despite their considerable size, these components represent only a fraction of the overall scope of Project ONE. Earlier in June, Gosselin facilitated the delivery of a splitter—a critical part of the ethane cracker—at the PSA Breakbulk terminal in Antwerp.

Gosselin’s Role in Project Logistics
Gosselin, the appointed logistical service provider for Project ONE, oversees a range of activities including transportation, temporary storage, on-site material movements, assembly, inspections, and other value-added services. Acting as the control tower for the project, Gosselin ensures efficient and timely management of all logistical aspects.

Europe’s Largest Chemical Investment Since 2000
Scheduled to commence operations by mid-2026, Project ONE represents the largest investment in the European chemical industry in over two decades. Construction milestones include the foundation stone laid on December 15, 2022. The project is anticipated to create approximately 450 new jobs.

Additionally, the new ethane cracker aims to set environmental benchmarks by producing half the CO2 emissions of the least polluting 10 percent of ethane crackers currently operating. This aligns with INEOS’s commitment to sustainability while advancing Europe’s chemical industry.

For more information visit www.portofantwerpbruges.com

USA BioEnergy has finalised the acquisition of over 1,600 acres of land in East Texas for its groundbreaking $2.8 billion advanced biorefinery. The facility is designed to convert wood waste into sustainable, net-zero aviation fuel and has already secured a 20-year offtake agreement with Southwest Airlines, marking a significant step forward in the production of ultra-low-carbon fuels for the aviation sector.

The greenfield facility, to be constructed in Bon Weir, Texas, is currently in the detailed design and engineering phase. It will process sustainably sourced forest thinnings to meet the growing demand for SAF. Under the agreement, Southwest Airlines Co. may purchase up to 680 million gallons of neat SAF over 20 years. When blended with conventional jet fuel, this SAF has the potential to produce 2.59 billion gallons of net-zero fuel and reduce CO₂ emissions by 30 million metric tonnes over the contract’s term. According to USABE, this equates to enabling approximately 112,000 short-haul flights or 7,000 long-haul flights per year with net-zero emissions.

“This milestone in advanced-fuels facility development highlights USA BioEnergy’s dedication to the future of aviation and energy security,” said Nick Andrews, CEO of USA BioEnergy. “It also supports our vision of creating good-paying jobs in Newton County, Texas, an area with one of the lowest per capita incomes in the state. This project is a win for the community, the industry, and our business objectives.”

The biorefinery’s initial footprint spans approximately 300 acres, leaving ample space for future growth and expansion. Once engineering and design are complete, construction is anticipated to take two years, followed by a commissioning period of six to eight months. The state-of-the-art facility is expected to process one million tonnes of sustainably sourced forest thinnings annually, producing 65 million gallons of premium net-zero transportation fuels, including SAF and renewable naphtha. Over its lifetime, the plant will capture and sequester over 50 million metric tonnes of CO₂.

The project is supported by state, county, and federal credits and tax incentives totalling approximately $150 million. Local organisations backing the initiative include the Texas Forest Country Partnership, Texas Forestry Association, the City of Newton, Newton County, the Newton Independent School District, Jasper County, the Sabine River Authority, and the Texas Economic Development and Tourism Office of the Governor.

The acquisition and development of this facility underscore USA BioEnergy’s commitment to innovation, sustainability, and the advancement of the aviation industry toward net-zero operations.

For more information visit www.usabioenergy.com