WPU has announced the appointment of Jeffrey van Geloof as its new CEO. Jeffrey brings extensive commercial and operational expertise to the role, having most recently served as managing director of Vitol’s VPR refinery in Rotterdam. During his tenure, he spearheaded significant technical innovations and efficiency improvements that drastically reduced the refinery’s environmental footprint. Key achievements under his leadership include:

• A 40 percent reduction in energy consumption
• A 50 percent reduction in NOx emissions
• An 80 percent reduction in SO₂ emissions
• Achieving a leading processing carbon intensity of 3.5 kgCO₂e per barrel refined, compared to the global average of 40 kg

These environmental advancements were accomplished alongside a 25 percent increase in production, highlighting Jeffrey’s ability to deliver sustainable and scalable operational excellence.

Commenting on his new role, Jeffrey expressed enthusiasm about contributing to the development of innovative and large-scale solutions for waste plastic recycling. He stated:
“I am excited by the opportunity to use my experience to be involved at the cutting edge of waste plastic recycling, focusing on innovation and scale to underpin the possibility of a circular plastics system. My focus will be on building upon the strong foundation already in place and creating sustainable growth for the future. I look forward to working alongside our talented team, partners, and stakeholders to achieve our shared vision.”

Jeffrey also extended his gratitude to WPU’s former CEO, Niels Bagge, and the founding shareholders for their commitment to the energy transition and for laying the groundwork for WPU’s future success.

As WPU moves forward under Jeffrey’s leadership, the company aims to strengthen its position as a leader in waste plastic recycling and circular plastics innovation.

For more information visit www.vitol.com

Affiliates of Langford Energy Partners, a privately held oil and gas operating company, have announced the completion of their acquisition of Midland Basin assets from Murchison Oil and Gas, LLC.

In remarks regarding the acquisition, Lance Langford, the CEO of LEP, expressed that this acquisition presents a significant opportunity for the company to build upon its long-standing history of operational success and deliver value to its investors. He noted that the new asset will serve as a foundation for further expansion through additional bolt-on acquisitions within the Midland Basin.

Bud Brigham, the executive chairman of the company, shared his enthusiasm about LEP’s acquisition of what he considers a high-quality asset that aligns perfectly with the company’s strategic goals. He also reflected on his personal connection to the Midland Basin, where he began his career and drilled his first wells.

The acquisition details include approximately 8,000 net acres located primarily in Howard, Borden, and Midland Counties, Texas, with a net production of around 7,200 barrels of oil equivalent per day (72 percent oil), primarily sourced from 63 operated horizontal wells. The asset offers substantial potential with a fully delineated inventory of quality drilling locations and is supported by established oil, gas, and water infrastructure, including two owned saltwater disposal wells, to facilitate future production and development. The acquisition was finalised on December 6, 2024.

To finance the acquisition, LEP utilised equity from its flagship fund, Langford Energy Partners I, LP, along with senior bank debt from a new credit facility led by Texas Capital Bank.

Legal counsel for LEP was provided by Vartabedian Hester & Haynes LLP, Vinson & Elkins LLP, and Kirkland & Ellis LLP. Murchison was advised by RBC Richardson Barr as the exclusive financial advisor, with legal counsel from Holland & Knight LLP.

For more information visit www.langfordep.com

TotalEnergies, alongside partners Basra Oil Company and QatarEnergy, has commenced construction of the ArtawiGas25 processing facility, a key component of the Gas Growth Integrated Project. Located in Iraq’s Basra region, this facility will process 50 million cubic feet per day of associated gas from the Ratawi field, which was previously flared.

Representing an investment of approximately USD 250 million, ArtawiGas25 will supply gas to local power plants, meeting the energy needs of around 200,000 households in the Basra region.

The GGIP, signed in September 2021, is a USD 10 billion multi-energy initiative aimed at optimising Iraq’s natural resources while improving the country’s electricity supply. A cornerstone of this project is the development of a large-scale gas processing plant, with an initial phase targeting the recovery of 300 Mcf/d of flared gas from three oil fields, which will fuel 1.5 GW of power generation capacity.

ArtawiGas25, designed with a modular approach, is expected to significantly reduce gas flaring at the Ratawi field by the end of 2025. This innovative design could serve as a model for similar projects across other Iraqi oil fields. In addition to environmental benefits, the project will generate substantial employment opportunities, creating up to 160 direct and indirect jobs during construction and 30 positions during the operational phase.

Julien Pouget, senior vice president Middle East & North Africa, Exploration & Production at TotalEnergies, remarked: “We are very pleased to launch the ArtawiGas25 project. It will provide the Iraqi people with a tangible demonstration of the benefits of the GGIP, which aims to deliver more energy with fewer emissions. This project showcases TotalEnergies’ ability to deliver impactful and fast-track solutions aligned with the government’s expectations and Iraq’s energy needs. We are eager to advance further milestones of the GGIP, including the upcoming construction of a 1 GW solar project.”

ArtawiGas25 is a significant step towards enhancing Iraq’s energy infrastructure, reducing emissions, and addressing the nation’s electricity demands.

For more information visit www.totalenergies.com

Devon Energy Corporation has announced significant updates to its executive leadership team. The company has promoted John Raines to senior vice president of E&P Asset Management and Trey Lowe to senior vice president and chief technology officer. Clay Gaspar, the incoming CEO, remarked on their promotions, stating, “Both John and Trey have consistently demonstrated exceptional leadership and a deep commitment to Devon and the achievement of our goals. We look forward to them building on their successes and broadening their impact in their new capacities as part of our executive leadership team.”

Additionally, Tom Hellman has been appointed as senior vice president of E&P Operations. Gaspar expressed enthusiasm about Hellman’s arrival, noting, “Tom has over 30 years of experience in oil and gas across multiple companies in various operational roles and senior management positions. He is not only a seasoned leader but also someone who embodies our core values. We look forward to his contributions to our executive leadership team as we navigate the opportunities before us.”

John Raines, who previously held the position of vice president for the Delaware Basin, has been with Devon since 2005. Throughout his tenure, he has occupied various management roles, including vice president of the Rockies business unit and vice president of Land and Regulatory. Raines holds a bachelor’s degree in finance and energy management from the University of Oklahoma and a juris doctor degree from the Oklahoma City University School of Law. He is a licensed attorney in Oklahoma and a member of the Oklahoma Bar Association.

Trey Lowe, who was formerly vice president and chief technology officer, leads a team that encompasses Devon Energy Ventures, operational technology, IT, and other digital teams. Joining Devon in 2005 from Schlumberger, where he held various engineering and management positions, Lowe earned a Bachelor of Science in Chemical Engineering from Oklahoma State University and has served as a past Distinguished Lecturer for the Society of Petroleum Engineers.

Tom Hellman comes to Devon from Marathon Oil Corporation, where he spent seven years in several leadership roles, most recently as vice president of Operations for Marathon’s Permian and Oklahoma assets. He has also held leadership positions at WPX Energy, APA Corporation, and BP plc, among other energy companies. Hellman graduated from the University of Alberta in 1991 with a Bachelor of Science degree in Petroleum Engineering.

Devon Energy Corporation, based in Oklahoma City, is an independent energy company engaged in oil and gas exploration and production. It is recognised as a leading US-based independent oil and gas producer and is included in the S&P 500 Index.

For more information visit www.devonenergy.com

LBC Rotterdam has made significant progress in its ongoing expansion project with the successful installation of 20 additional storage tanks. These tanks, constructed by Verwater Group B.V. in Rotterdam and Oostwouder Tank- & Silobouw in ‘t Zand, were transported and installed at the terminal within just seven days.

This achievement highlights the collaborative efforts of the LBC Tank Terminals team and its partners. Special recognition goes to Mammoet for its expertise in lifting and positioning the tanks.

With 28 out of the planned 36 tanks now in place, LBC Rotterdam is on track to increase its storage capacity from 180,000 cubic metres to 240,000 cubic metres. Notably, this expansion is being carried out within a live-operating terminal, ensuring continued efficiency while maintaining seamless operations.

The LBC Rotterdam team has worked diligently to minimise disruptions for customers throughout the process. As the project progresses, further updates will follow on this exciting development.

For more information visit www.lbctt.com

Sensor specialist Baumer has launched the innovative 50 Series, a trio of high-performance sensors designed to meet the diverse needs of process automation. Tailored for applications requiring precise measurements of pressure, temperature, conductivity, or a combination of these critical parameters, the 50 Series sets a new benchmark in performance, efficiency, and sustainability.

The range includes the PP56H/PP56 high-precision pressure sensors, the PT55H/PT55 ultra-compact RTD temperature sensors, and the PAC50H/PAC50S conductivity sensors. Together, these cutting-edge solutions enable seamless process monitoring and control across a variety of industries.

Renowned for their precision, the PP56H and PP56 pressure sensors are equipped with advanced active temperature compensation, ensuring reliable and accurate pressure measurement across a range of media. With a flush membrane and touchscreen interface, these sensors are particularly well-suited for hygienic and industrial applications, including hydrostatic level detection, pressure monitoring, and demanding process environments.

The PT55H and PT55 RTD temperature sensors boast the largest measuring range in their class, spanning –50°C to 250°C. Their ultra-compact design and rapid response times make them ideal for monitoring process temperatures in industries such as food and pharmaceuticals, cooling circuit control in machinery, and temperature measurement in water treatment facilities. These sensors deliver exceptional reliability and accuracy, even in the most challenging environments.

Designed for applications requiring real-time conductivity monitoring, the PAC50H and PAC50S sensors offer industry-leading response times. These sensors are invaluable for maintaining process efficiency and ensuring product quality in sectors such as chemical processing, water treatment, and food production.

Baumer’s 50 Series delivers robust performance and advanced technology, providing process operators with reliable tools to enhance efficiency and maintain stringent quality standards. These sensors represent a significant step forward in process automation, ensuring sustainability and operational excellence for a wide range of industrial applications.

For more information visit www.baumer.com

CMS Corporation has been awarded a $5 million project to repair and upgrade fuel facilities at Tyndall Air Force Base, Florida. The contract, secured under the Air Force Worldwide Engineering and Construction program, marks the company’s first project at Tyndall AFB and underscores its commitment to enhancing military infrastructure across the country.

The project scope includes selective demolition, repairs to fuel fill stations, valves, piping, and electrical systems, as well as upgrades to filter systems and basket strainers. Additional work will involve concrete repairs to sidewalks, a boat launch ramp, mooring dolphins, and spill containment infrastructure. CMS will also install and repair existing canopies and complete various building enhancements, including painting, lightning protection, flooring, and roofing.

Ernest Enrique, chairman and CEO of CMS Corporation, emphasised the project’s significance, stating: “This award is a significant milestone for CMS as we contribute to the extensive rebuilding of Tyndall AFB. We are honoured to support the Air Force’s mission by delivering high-quality solutions that align with the vision of Tyndall as the ‘Base of the Future’.”

This contract strengthens CMS Corporation’s role in supporting military readiness through innovative engineering and construction solutions.

For more information visit www.cmscorp.com

Chevron Corporation has announced the appointment of Laura Lane as vice president and chief corporate affairs officer, effective February 1. In her new role, Lane will lead Chevron’s government affairs, communications, and social investment activities. Based in Houston, she will succeed Al Williams, who is set to retire in April after an accomplished 34-year tenure with the company.

“Laura’s extensive experience in both the private and public sectors, her leadership in complex global organisations, and her background working across diverse regions make her ideally suited to head Chevron’s global corporate affairs initiatives,” said Mike Wirth, Chevron chairman and CEO.

Wirth also expressed gratitude for Williams’ contributions, stating: “Al has been an exceptional leader across Upstream, Downstream, Midstream, and corporate roles. His impact on Chevron’s success throughout his career has been significant.”

Lane joins Chevron with an impressive professional background. She most recently served as executive vice president and chief corporate affairs and sustainability officer at UPS. Her career also includes senior roles at Citigroup and Time Warner. Earlier, she held a senior government position with the US Trade Representative’s office and served as a diplomat in the US Department of State’s Foreign Service.

Lane earned a master’s degree from Georgetown University and a bachelor’s degree from Loyola University Chicago. Her appointment reflects Chevron’s commitment to strengthening its leadership team to navigate evolving industry and corporate affairs landscapes.

For more information visit www.chevron.com

Odfjell Terminals Korea and S-OIL have finalised a ten-year storage contract, marking the beginning of a long-term strategic partnership. This milestone agreement will support growing industrial activity in the Ulsan region and enhance storage capacity for future energy and chemical developments.

As part of the project, OTK will develop a new tank pit featuring ten state-of-the-art carbon steel storage tanks. Once completed, this expansion will increase OTK’s total storage capacity by 28 percent, surpassing 400,000 cubic meters. Three of these tanks will be dedicated to S-OIL’s crude-to-chemical facility, a key component of the Shaheen project, currently under construction near OTK.

Adrian Lenning, managing director of Odfjell Terminals, highlighted the significance of the agreement, stating: “The long-term agreement underscores the growing collaboration between OTK and S-OIL and sets the stage for additional business opportunities in the Ulsan region, driven by new production capacity and trade flows linked to the Shaheen project.”

This partnership reinforces OTK’s position as a key player in the region’s storage and logistics sector, supporting the evolving energy and petrochemical landscape.

For more information visit www.odfjell.com

Turbotech, Safran, and Air Liquide have successfully completed ground demonstration testing of a hydrogen-fueled gas turbine aeroengine based on an ultra-efficient regenerative cycle. The system was powered by liquid hydrogen stored in a cryogenic tank, marking a significant step in the development of fully decarbonised aircraft propulsion.

This achievement builds on an earlier test phase in January 2024, which utilised gaseous hydrogen to perform the initial characterisation of the engine. In the latest demonstration, the engine was integrated with Air Liquide’s cryogenic storage system (operating at –250°C) to replicate a complete aircraft propulsion system, demonstrating end-to-end functionality.

“This is a major step forward in the transition to fully decarbonised aircraft propulsion, which will be ready to fly as soon as the world mass-produces green hydrogen,” said Damien Fauvet, CEO of Turbotech. “The project aimed to achieve energy density comparable to conventional aviation fuels while addressing challenges related to retrofit, operability, and certification of a cryogenic hydrogen propulsion system. The success of this rapid development is a testament to the teamwork of aerospace leaders and SMEs involved.”

Pierre-Alain Lambert, VP of Hydrogen Programs at Safran, highlighted the significance of the demonstration: “By integrating our technology with Air Liquide’s cryogenic storage system, we’ve shown that a zero-emission, high-tech propulsion solution is viable and can be directly applied to light aircraft. This complements Safran’s exploratory projects targeting the challenges of hydrogen propulsion for commercial aviation.”

Xavier Traversac, VP of Air Liquide Advanced Technologies, added: “This success underscores the importance of collaboration in decarbonising aviation. As a leader in hydrogen technologies, Air Liquide is proud to contribute to accelerating innovation through initiatives like this, supported by our state-of-the-art test facilities. Hydrogen remains a key component of the energy transition, and this project represents another step toward low-carbon aviation.”

The testing is part of the BeautHyFuel joint research project, established in June 2022 by Turbotech, Elixir Aviation, Safran, Air Liquide, and Daher. The project aims to design and certify a hydrogen propulsion system for light aviation and develop a methodology for its retrofit certification. It combines expertise from Turbotech’s light turbine technologies, Safran’s aeroengine and fuel system design, Air Liquide’s cryogenic storage solutions, Elixir’s innovative light aircraft manufacturing, and Daher’s experience in aircraft development and maintenance.

Supported by the French government through DGAC and the national post-pandemic stimulus program, BeautHyFuel complements Safran’s broader initiatives to reduce greenhouse gas emissions in air transport. This successful demonstration reinforces hydrogen’s potential to revolutionise aviation and contribute to a sustainable future.

For more information visit www.airliquide.com

The team at Vopak Venezuela Puerto Cabello Terminal has reached a significant safety milestone, recording 1 million hours free from reportable incidents. This achievement reflects the terminal’s commitment to maintaining a safe working environment, with no serious injuries or spills occurring during this period.

Safety remains Vopak’s highest priority, ensuring that every employee and contractor can return home safely at the end of each working day. This milestone underscores the company’s dedication to operational excellence and environmental responsibility.

Vopak continues to play a crucial role in facilitating the safe and efficient movement of essential resources, helping the world flow forward.

For more information visit www.vopak.com

Kinder Morgan, Inc. has announced that its subsidiary, Hiland Partners Holdings LLC, has entered into an agreement to acquire a natural gas gathering and processing system in North Dakota from Outrigger Energy II LLC for $640 million. The acquisition includes a 270-million-cubic-feet-per-day processing facility and a 104-mile high-pressure rich gas gathering pipeline with a capacity of 350 MMcf/d. This strategic system connects gas supplies from the Williston Basin to high-demand markets and is supported by long-term contracts with major customers in the region.

“This acquisition aligns seamlessly with our existing Hiland gas assets, enabling us to aggregate additional supplies from the Bakken and expand our services to meet customer needs,” said Tom Dender, president of KMI Natural Gas Midstream.

The integration of this system enhances Kinder Morgan’s ability to provide incremental transportation and processing services while leveraging the company’s existing footprint in the area.

The acquisition is expected to deliver immediate value to KMI shareholders, with a projected 2025 adjusted EBITDA multiple of approximately 8 times on a full-year basis. This calculation excludes approximately $20 million in expected 2025 cash payments subject to deferred revenue recognition. Additionally, the transaction is anticipated to lower future capital expenditures required to support the growth of Kinder Morgan’s existing Bakken customers.

KMI plans to fund the acquisition through a combination of short-term borrowings and cash on hand.

Regulatory Approval and Closing

The transaction is subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act and is expected to close in the first quarter of 2025.

Kinder Morgan’s investment in this gathering and processing system underscores its commitment to expanding infrastructure in the Williston Basin, enhancing service offerings, and creating value for its shareholders.

For more information visit www.kindermorgan.com

Baker Hughes and Frontier Infrastructure have announced a strategic partnership to advance carbon capture and storage and power solutions in the United States. Under the agreement, Baker Hughes will provide technology and resources to support large-scale CCS, power generation, and data centre projects.

Frontier is developing the Sweetwater Carbon Storage Hub, one of the largest open-source carbon sequestration projects in the country. Spanning nearly 100,000 acres in Wyoming, the hub aims to serve industrial emitters and ethanol facilities across the Midwest through a CO₂-by-rail strategy. Frontier currently holds three Class VI permits and has begun drilling, with the first injection planned for late 2025.

Baker Hughes will contribute well design, CO₂ compression, and monitoring technologies to optimise the SCS Hub’s execution. Additionally, Frontier is expanding its energy infrastructure with 256 megawatts of gas-fired power generation to meet growing demand in Wyoming, the Mountain West, and Texas. Baker Hughes’ NovaLT™ gas turbines will support this effort, providing efficient and flexible energy solutions.

Frontier Infrastructure’s president and co-CEO, Robby Rockey, highlighted the need for scalable, low-carbon energy solutions, emphasising the integration of gas-fired power with carbon storage. Baker Hughes chairman and CEO, Lorenzo Simonelli, underscored the company’s commitment to delivering innovative technologies to meet rising energy demand while supporting decarbonisation.

Baker Hughes anticipates future orders as Frontier’s projects progress. Frontier, a Tailwater Capital portfolio company, received financial advisory from Jefferies LLC and legal counsel from Sidley Austin LLP.

For more information visit www.bakerhughes.com

Exolum, a leading logistics company specialising in the transportation and storage of bulk liquids, has announced a significant leadership transition. After nearly a decade of service, CEO Jorge Lanza and chairwoman Rosa García will step down following the annual shareholders’ general meeting in May 2025. This marks the beginning of a new phase in Exolum’s journey as the company advances its strategic goals.

Transformational Leadership Legacy

Under the stewardship of Lanza and García, Exolum (formerly Compañía Logística de Hidrocarburos – CLH) has undergone remarkable transformation and growth. Key achievements include the company’s international expansion to 11 countries and diversification into chemical products and new energy vectors, such as hydrogen and ammonia, in alignment with global energy transition goals.

Exolum has also solidified its leadership in aviation fuel management, serving 170 million passengers annually across 48 airports worldwide. These efforts have resulted in substantial growth, with the company’s EBITDA rising from €339 million in 2015 to €700 million in 2023.

The board of directors extended its gratitude to Lanza and García for their exceptional leadership, which has laid a strong foundation for the company’s continued pursuit of excellence and sustainability.

New Leadership for a New Era

The Board has appointed Alfredo Barrios as the new chairman and Javier Goñi as CEO, entrusting them to steer Exolum into its next phase. Their combined expertise will focus on furthering the company’s international growth ambitions and strengthening its role in the energy transition.

Alfredo Barrios brings over 30 years of international management experience, including roles as Executive Chairman of BP in Spain and Portugal and chief executive of Rio Tinto Aluminium. Barrios previously served on Exolum’s Board between 2007 and 2012 and will officially assume the chairmanship in August 2025.

Javier Goñi, a seasoned executive with a background in law, economics, and an MBA from INSEAD, has a distinguished career spanning over 20 years. Formerly a partner at McKinsey, Goñi most recently led the Fertiberia Group, where he drove significant achievements. He will assume the role of CEO on 1 April 2025.

Future Vision

The leadership transition reflects Exolum’s commitment to becoming a key player in the energy transition by developing infrastructure essential for sustainable mobility and the industry of the future. The incoming leadership team is poised to build on Exolum’s strong foundation, guiding the company towards continued innovation and global relevance.

As Exolum prepares for this new chapter, it remains dedicated to its mission of delivering sustainable and high-quality solutions in the bulk liquid logistics sector.

For more information visit www.exolum.com

Abu Dhabi National Oil Company and OMV Aktiengesellschaft have signed a binding agreement to merge their shareholdings in Borouge plc and Borealis AG, creating Borouge Group International. ADNOC has also entered into an agreement to acquire Nova Chemicals Corporation for 13.4 billion US dollars, expanding its footprint in North America. The combined entity is expected to become the fourth-largest polyolefins producer globally, with a nameplate production capacity of 13.6 million metric tonnes per annum.

Key Highlights:

• Borouge Group International will be headquartered in Austria with regional hubs in the UAE, Canada, the US, and Singapore.
• The company will be listed on the Abu Dhabi Securities Exchange (ADX), subject to regulatory approval.
• ADNOC and OMV will each hold 46.94 percent of the company, with 6.12 percent in free float.
• A 4 billion US dollar capital raise is planned for 2026 to support index inclusion and an investment-grade credit rating.
• The company aims to generate over 7 billion US dollars in annual EBITDA, with 500 million US dollars in expected synergies.
• A 90 percent dividend payout ratio is planned, with a minimum annual payout of 16.2 fils per share.

Sustainability Commitment:
Borouge Group International will build on the existing net-zero targets of Borealis and Borouge, focusing on circular economy solutions and low-carbon polyolefin production.

Completion Timeline:
The transaction is expected to close in Q1 2026, subject to regulatory approvals. Following completion, ADNOC’s stake in Borouge Group International will transfer to XRG, supporting its global chemicals strategy.

For more information visit www.adnoc.ae

Baker Hughes, an energy technology company, announced that it had received an order from Bechtel Energy Inc. to supply gas technology equipment for two liquefaction plants, which will have a total capacity of approximately 11 million tonnes per annum as part of Phase 1 of Woodside Energy Group Ltd’s Louisiana LNG development opportunity. This order represents a significant milestone as Woodside aims for final investment decision readiness by the first quarter of 2025.

The awarded contract includes eight main refrigeration compressors powered by LM6000PF+ gas turbines and eight expander-compressors. This project will utilise Baker Hughes’ established LNG technologies to support both Bechtel and Woodside, with the company’s extensive experience with both firms aiding in the delivery of Phase 1.

Paul Marsden, president of Bechtel Energy, emphasized the importance of the Louisiana LNG project, stating, “Louisiana LNG will play a vital role in meeting the world’s increasing LNG demand.” He expressed pride in partnering with Baker Hughes to advance this critical initiative.

Ganesh Ramaswamy, executive vice president of Industrial & Energy Technology at Baker Hughes, highlighted the company’s commitment to providing proven technology for the LNG industry to address the growing energy demand. He noted Baker Hughes’ 40-year history in the LNG sector and established relationships with both Bechtel and Woodside, expressing eagerness to support this significant project and contribute to sustainable energy development.

In addition to this recent award, Baker Hughes had previously been selected to supply Woodside with electric-powered Integrated Compressor Line packages and other turbo machinery equipment for the pipeline associated with the LNG export terminal.

For more information visit www.bakerhughes.com

The Chemical Business Association, is pleased to announce a third consecutive year of recognition from fellow association peers at the 2025 Trade Association Forum Awards, winning the Event of the Year (Over 500 Attendees) award and the Outstanding Leadership award for CEO, Tim Doggett.

The CBA, widely known as the voice of the chemical supply chain, was also Highly Commended for the Media Campaign of the Year and Innovation awards.

The Association was shortlisted for a further three awards including, Diversity and Inclusion, Rising Star (Danish Azri) and Skills Development.

Now in its 22nd year, the Trade Association Awards 2025 were supported by the Department of Business and Trade and recognise excellence, innovation and best practice amongst Trade Associations in the UK.

The evening shone a light on the achievements, dedication and innovation amongst UK trade associations spanning every sector of UK industry. The Awards also recognise outstanding contributions in delivering for members, whilst also highlighting the incredible work of individuals within Associations.

Tim Doggett, CEO of the CBA said: “We are delighted to receive these awards after a year of continued innovation and development. I would like to whole-heartedly thank the entire ‘CB-A’ team for their hard work and dedication to our Association, our membership and the wider chemical supply chain.”

Richard Gilkes, MD of Stort Group and Chair of the CBA said: “It is wonderful to see the valuable work the Association is doing being recognised for the third year in a row. It is testament to the amazing efforts of Tim Doggett our CEO and his team. I am incredibly proud to be part of a multi award winning Association that is continuously innovating and evolving for the advancement of the entire chemical supply chain.”

Emily Wallace, chief executive of the Trade Association Forum and one of the head judges on the panel said: “The CBA continues to demonstrate their ability to deliver high quality events and services to members. I am particularly pleased to congratulate CEO Tim Doggett for his leadership in transforming CBA over the past few years”

For more information visit www.chemical.org.uk

Flowquip has officially announced its new partnership with SoundWater Technologies, LLC, positioning itself as the exclusive distributor of the company’s products in the UK. SoundWater Technologies has built a strong reputation for its expertise in designing and developing innovative ultrasonic clamp-on flow meters that are both reliable and easy to install. These state-of-the-art devices stand out for their speed and accuracy, having demonstrated effectiveness across a diverse range of applications.

The partnership between Flowquip and SoundWater Technologies marks a significant step in expanding access to advanced flow measurement solutions within the UK market. Flowquip Ltd is dedicated to enhancing the operational capabilities of various industries that depend on precise and efficient flow measurement. By introducing these cutting-edge flow meters, Flowquip aims to provide businesses with the tools they need to optimise their processes and improve overall efficiency.

As industries increasingly seek reliable solutions for flow measurement, this collaboration is expected to play a crucial role in meeting those demands. Flowquip’s commitment to delivering high-quality products and services aligns perfectly with SoundWater Technologies’ innovative approach, paving the way for a successful partnership that benefits both companies and their customers.

For more information visit www.flowquip.co.uk

The Direct X primary mechanical shoe seal, designed for external floating roofs, is widely regarded as the most reliable and efficient primary shoe seal available in the storage tank industry. This specialised mechanical seal ensures a continuous, tight seal between the floating roof and the tank wall, effectively preventing vapour escape and reducing the risk of liquid spills.

Superior Design and Durability
The Direct X shoe seal is constructed with robust, all stainless-steel components, providing an extended service life and exceptional durability. It is suitable for installation during both in-service and out-of-service periods, offering operational flexibility to tank owners and operators.

The Directank Direct X Shoe Support mechanism features a durable single-hinge configuration, ensuring structural rigidity and maintaining the shoe plate level throughout variable rim spaces.

Reliable Sealing Mechanism
The seal is formed by the compression of a flexible sealing material between the shoes or rollers and the tank wall. These components move seamlessly with the floating roof, allowing the seal to flex and adapt to changes in tank level and temperature.

Performance in Challenging Conditions
Designed to withstand large rim gaps and tank shell inconsistencies, the Direct X mechanical shoe seal ensures reliable performance even in the most demanding operational environments. Its proven effectiveness and durability make it the primary seal of choice for the majority of tank owners and operators, offering continuous and dependable operation.

For more information visit www.directank.com

Prostar Capital has officially announced that operations have begun at the first two of seven hydrogen fuel cell (HFC) power generation facilities, which are integral to the Changwon Green Energy Project in South Korea. This initiative is a collaborative effort with Korea Hydro & Nuclear Power (KHNP) and highlights the advantages of an urban distributed power supply model.

The newly operational HFC facilities are designed to significantly reduce carbon emissions, achieving reductions of 70 percent and 30 percent compared to traditional coal-fired and gas-fired power plants, respectively. This advancement is a crucial step in supporting the transition of the Korean economy towards a more sustainable future, aligning with global efforts to achieve net-zero emissions. By leveraging hydrogen fuel cell technology, Prostar Capital and KHNP are contributing to a cleaner energy landscape in South Korea, underscoring the growing importance of innovative energy solutions in addressing climate change.

For more information visit www.prostarcapital.com

Omega Oil and Gas Limited has commenced mobilisation for the fracture stimulation and flowback program at the Canyon-1H well in Queensland’s Bowen Basin. Preparations are progressing smoothly, with fracture stimulation operations scheduled to begin on 2 March 2025.

Trevor Brown, CEO and managing director of Omega, highlighted the significance of the project, stating:
“The commencement of this programme is a major milestone for Omega. It represents years of careful planning, rigorous analysis, and commitment from our team and investors. The objective is clear—to demonstrate potentially commercial flow rates from the Canyon Sandstone. A successful test will mark a significant step toward our broader strategic goals of enhancing shareholder value and contributing to Eastern Australia’s energy security by unlocking the Canyon Project’s potential.”

Project Mobilisation and Timeline
All camp facilities and catering services have been successfully deployed and commissioned at the Canyon-1H site. Flowback and production testing equipment, along with personnel, are now on-site.

Mobilisation of key equipment began on 26 February 2025, including:
✔ Frac spread and pumping services
✔ Coiled tubing unit
✔ Wireline unit
✔ Auxiliary equipment

Rig-up and equipment commissioning are currently underway. The fracture stimulation and flowback testing program is expected to last 5-7 days, followed by a 30-day flow test to assess production potential.

Leadership Update
Following the 17 February 2025 announcement, Omega has confirmed Martin Houston has officially assumed the role of chair of the board, effective 26 February 2025. All necessary formal documentation and statutory procedures have been completed.

Omega Oil and Gas will continue to provide updates as the Canyon-1H programme progresses.

for more information visit www.omegaoilandgas.com.au 

Hycamite TCD Technologies has garnered significant global interest with its innovative methane-splitting technology, which produces low-carbon hydrogen and high-value solid carbon products from methane. The company is currently commissioning an industrial-scale demonstration unit in Kokkola to showcase its technology’s readiness for commercial deployment.

In a milestone announcement, Hycamite revealed the successful closure of a €44 million Series A funding round, conducted in two phases. The second phase was completed to support the operation of its industrial-scale demonstration unit. The funding round was led by Sojitz Group, with continued participation from existing investors Holdix Oy, Turret Oy, and Stephen Industries Oy. New investors OMV Petrom and MOL PLUS also joined the round, alongside private investors and Hycamite staff members.

OMV Petrom, part of the OMV Group and Southeast Europe’s largest integrated energy producer, and MOL PLUS, a corporate VC owned by Mitsui O.S.K. Lines, Ltd., are among the prominent newcomers. Their involvement reflects the growing global interest in methane-splitting technology and its potential for decarbonising industries.

Laura Rahikka, CEO and co-founder of Hycamite, expressed enthusiasm about the funding: “This investment marks a crucial step towards industrial scaling and deeper engagement with our end customers. The strong support from existing and new investors demonstrates confidence in our technology and its potential. The best is yet to come.”

Koji Aonuma, general manager of Sojitz’s Energy Transformation Department, highlighted Sojitz’s commitment:“As Hycamite’s largest shareholder, we will leverage our expertise and global networks to advance clean hydrogen and high-performance carbon products through innovative methane-splitting technology.”

Franck Neel, executive board member of OMV Petrom, commented:
“This partnership aligns with our vision for a sustainable energy future by unlocking cleaner fuel alternatives through advanced technology.”

Takuya Sakamoto, CEO of MOL PLUS, added:“We see significant potential in the Turquoise Hydrogen segment and opportunities for its application in LNG-powered vessels. Collaborating with Hycamite and its shareholders, we aim to overcome the challenges of implementing this technology in maritime applications.”

The Series A funding enables Hycamite to advance its technology and strengthen its position as a leader in clean hydrogen and carbon product solutions. With its industrial-scale demonstration unit nearing operational readiness, Hycamite is well-positioned to drive the transition toward sustainable energy production.

For more information visit www.hycamite.com

During the state visit of UAE President Sheikh Mohamed bin Zayed Al Nahyan, and in the presence of Italian Prime Minister Giorgia Meloni, Eni CEO Claudio Descalzi signed three key agreements with Emirati companies. These agreements focus on data centre development, renewable energy transmission, and critical minerals supply chains, reinforcing the strategic partnership between Italy and the UAE.

Advanced Data Centres in Italy
Eni signed a Letter of Intent with MGX, an investment fund specialising in AI and advanced technology, and G42, a leading AI-focused group based in Abu Dhabi, to develop state-of-the-art data centres in Italy. These facilities, with a planned IT capacity of up to 1 GW, will store, process, and manage large-scale data while being fully powered by blue energy—a low-carbon power source generated by natural gas with CO₂ capture and storage.

The first project will be located in Ferrera Erbognone, home to Eni’s Green Data Centre, and will be developed in two phases, each with up to 500 MW of IT capacity—matching Italy’s current total installed capacity. A dedicated power plant with carbon capture and storage at Ravenna will support the project.

Renewable Energy Transmission from Albania to Italy
Eni also signed an agreement with Masdar, the UAE’s clean energy leader, and Taqa Transmission, a specialist in electricity transmission. The deal establishes a long-term power offtake arrangement, with Eni as a preferred buyer of up to 3 GW of renewable energy from Albania, transmitted via a 1 GW cross-border subsea interconnection to Italy.

This agreement builds on the Tripartite Strategic Partnership Framework signed in January 2025 between Italy, Albania, and the UAE, further integrating regional energy networks.

Collaboration on Critical Minerals
In a separate agreement, Eni and ADQ, a global sovereign investor focused on critical infrastructure, signed a Memorandum of Understanding to collaborate on the research and development of critical minerals. The initiative aims to enhance supply chain security and resilience for both Italy and the UAE, supporting the sustainable sourcing of essential materials for the energy transition.

CEO Perspective
Eni CEO Claudio Descalzi emphasised the significance of the agreements, stating:
“Our partnership with the UAE reflects a shared commitment to a sustainable energy future through innovation and collaboration. Together with leading UAE companies, we will advance initiatives in key sectors, including AI-driven data centres powered by blue energy, supporting the growing demand for sustainable computing capacity. This strategic cooperation highlights our dedication to technological progress and global energy security.”

For more information visit www.eni.com

The board of directors of Northwest Natural Gas Company (NW Natural) has appointed Kim Rush, a longtime executive within the company, to serve as president, effective April 1, 2025. NW Natural, the largest subsidiary of Northwest Natural Holding Company (NW Natural Holdings), is a 166-year-old utility based in Portland.

In her new role, Rush will oversee all strategic, financial, and operational responsibilities for NW Natural. This appointment aligns with Justin B. Palfreyman’s anticipated transition to the role of CEO for both NW Natural Holdings and NW Natural, succeeding the retiring David H. Anderson.

Rush’s tenure at NW Natural began in 1998, during which she has held numerous leadership positions in communications, marketing, and operations. Her extensive experience culminated in her appointment as senior vice president and chief operating officer of NW Natural in 2023. Additionally, she has served as chief marketing officer and chief corporate communications officer.

Justin B. Palfreyman, president of NW Natural Holdings, commented on Rush’s integral role within the organisation, highlighting her extensive knowledge of the gas utility sector and her respected position among industry peers. He noted that her commitment to NW Natural’s core values and mission is crucial for the company’s continued success in delivering natural gas safely and reliably to customers.

Expressing her pride in her career at NW Natural, Rush emphasised the team’s dedication to the communities they serve and the importance of their work in supporting the regional energy system.

Before her tenure at NW Natural, Rush held management and senior communications roles at Alltel Corporation and Bank of America Corporation in Chicago. She currently serves on the board of the Northwest Gas Association and participates in the Operations and Sustainable Growth committees of the American Gas Association. Her prior board experience includes roles with ONE Future, the Western Energy Institute, Greater Portland, Inc., LifeWorks Northwest, Natural Gas Vehicles for America, and Utilisation Technology Development, which is affiliated with the Gas Technology Institute.

Rush holds a Bachelor of Arts in Communications from the University of Iowa and a Master of Science in Communications from Northwestern University in Illinois.

For more information visit www.nwnaturalholdings.com

ADNOC has signed a Sales and Purchase Agreement with Osaka Gas, one of Japan’s largest utility companies, securing the supply of up to 0.8 million tonnes per annum of liquefied natural gas from ADNOC’s lower-carbon Ruwais LNG project. The 15-year agreement converts a previous Heads of Agreement into a definitive contract, marking the first long-term LNG sales deal between ADNOC and Osaka Gas.

Strengthening Global LNG Partnerships
The LNG will be primarily sourced from the Ruwais LNG project, currently under development in Al Ruwais Industrial City, Abu Dhabi, and set to begin commercial operations in 2028. The agreement is the fourth long-term SPA signed for Ruwais LNG, further solidifying ADNOC’s position as a leading global supplier of lower-carbon LNG. To date, 8 mtpa of the project’s 9.6 mtpa capacity has already been committed to international buyers across Asia and Europe.

Rashid Khalfan Al Mazrouei, ADNOC senior vice president, marketing, highlighted the importance of the deal, stating: “This agreement with Osaka Gas reinforces our long-standing energy partnership with Japan and supports our strategy to expand our global LNG footprint. Through our world-class Ruwais LNG project, ADNOC will continue to provide more lower-carbon gas to meet growing global demand, fuel industries, and power homes.”

Under the SPA, LNG cargoes will be delivered to Osaka Gas and its Singapore-based subsidiary, Osaka Gas Energy Supply and Trading Pte. Ltd.

Osaka Gas Strengthens Energy Security
Keiji Takemori, Osaka Gas executive vice president, acknowledged ADNOC’s long history as a reliable LNG supplier, stating: “The relationship between Abu Dhabi and Osaka dates back to 1970, with the opening of the Abu Dhabi Pavilion at Expo ‘70. As Osaka once again hosts the World Expo this year, we are delighted to announce this long-term LNG agreement with ADNOC. This contract will help ensure a stable energy supply for our customers.”

Ruwais LNG: A Key Low-Carbon Energy Hub
The Ruwais LNG plant will be the first LNG export facility in the Middle East and Africa region to operate on clean power, making it one of the lowest-carbon intensity LNG plants in the world. The facility will incorporate artificial intelligence and advanced technologies to enhance safety, efficiency, and emissions reduction.

ADNOC Gas announced in November 2024 its plan to acquire ADNOC’s 60 percent stake in Ruwais LNG at cost, estimated at $5 billion, in 2028. Once completed, the project—featuring two 4.8 mtpa liquefaction trains with a combined 9.6 mtpa capacity—will more than double ADNOC Gas’ LNG production capacity to approximately 15 mtpa.

In February 2025, ADNOC successfully completed a marketed offering of 3.1 billion ordinary shares in ADNOC Gas to institutional investors. This move is part of its broader strategy to enhance liquidity and position ADNOC Gas for inclusion in major international indices such as MSCI Emerging Market Index and FTSE Emerging Market Index.

This agreement with Osaka Gas underscores ADNOC’s commitment to global energy security, its expanding LNG footprint, and its role in driving the energy transition through lower-carbon solutions.

For more information visit www.adnoc.ae

SK Energy has made significant strides by successfully exporting Sustainable Aviation Fuel (SAF) to Europe, marking a notable achievement as the first Korean refiner to do so. This milestone follows just four months after the company initiated commercial production, thereby completing a global value chain for SAF.

With the European Union (EU) implementing mandatory SAF usage this month, SK Energy has rapidly positioned itself in the market, emerging as a leading producer due to its robust large-scale production system. On January 5 (KST), the company announced the export of SAF, which is produced through Co-Processing methods that refine bio-based materials, including used cooking oil and animal fats.

SK Energy representatives pose for a commemorative photo on January 4 (KST) at the SK Innovation Ulsan Complex dock, following the loading of Sustainable Aviation Fuel (SAF) onto a vessel for export to Europe.

As of January, EU regulations require that at least 2 percent of aviation fuel must consist of SAF, currently making Europe the only global market with such a mandate. Industry analysts have recognized SK Energy’s successful entry into Europe’s SAF market, highlighting its status as the first Korean refiner to establish a large-scale SAF production system.

SK Energy commenced commercial production of SAF in September of the previous year, utilising Co-Processing technology that integrates bio-based material supply lines into existing petroleum production processes. This innovative approach enables the production of low-carbon products, such as SAF and bio-naphtha. The company has achieved a competitive edge in exports by establishing an annual production capacity of approximately 100,000 tonnes for SAF and other low-carbon products.

An SK Energy spokesperson emphasised the importance of the company’s extensive production system, which is supported by the R&D expertise of the SK Innovation Institute of Environmental Science and Technology and the engineering capabilities at SK Innovation’s Ulsan Complex, in reaching this export milestone.

In collaboration with its affiliate, SK On Trading International, which has invested in a waste-based raw material company, SK Energy has successfully completed the global value chain—from raw material acquisition to production and sales.

Looking to the future, SK Energy intends to expand its domestic supply and continue its growth in the global SAF market. Since the International Air Transport Association (IATA) announced its commitment to achieving Net Zero emissions by 2050 in 2021, global demand for SAF has steadily increased. The IATA aims to reduce the aviation industry’s CO2 emissions by 50 percent compared to 2005 levels by 2050.

In alignment with these objectives, the EU has mandated that all aircraft departing from Europe must utilise at least 2 percent SAF, with plans to escalate this requirement to 6 percent by 2030 and 70 percent by 2050. Similarly, the United States has set a goal to transition all aviation fuel to SAF by 2050.

Lee Chun-kil, CSO of SK Energy and head of SK Innovation Ulsan Complex, stated that the company will closely monitor both domestic and international SAF policy changes and market demands to enhance SAF production and exports.

For more information visit www.skinnonews.com/global/

OPW Retail Fueling, a global leader in fluid-handling solutions, is excited to announce the availability of the next-generation 68EZSB Reconnectable Swivel Breakaway, which was released during the recent WPMA EXPO 2025 in Las Vegas, NV. The 68EZSB features a compact, lightweight design that incorporates 360º swivel rotation at both the male end and middle joint with an easily reconnectable breakaway on the opposite end.

It is the increased “swivelability” of the 68EZSB that helps separate it from the competition, along with its ability to be reconnected easily at waist height with only approximately 5 lbs. of reconnection force required to push the coupling halves together until they latch; this is 30 percent less required reconnection force than previous models.

Other features of the 68EZSB include:

• Breakaway pull force of no more than 350 lbs.
• Poppet and sealing surfaces that are protected from impact during separation by a plastic sleeve
• Single-unit design that replaces the standard swivel, breakaway and whip hose, which helps eliminate possible leak points
• Materials of construction: Body: aluminum; Sleeve: nylon; Seals: nitrile; Poppet: acetal and aluminum
• 50-psi (3.45 bar) maximum working pressure
• UL and ULC-listed for use with gasoline, diesel and up to E10 ethanol blends

“When designing equipment and systems for use at retail-fueling sites, the goal is to create products that create the perfect symmetry between reliably safe and efficient operation and ease of use,” said Ed Kammerer, senior director, global product marketing for OPW. “We feel that the design enhancements that have been incorporated into the new 68EZSB Reconnectable Swivel Breakaway satisfy both demands, making it one of the safest and most simple-to-use reconnectable swivel breakaways on the market today.”

For more information visit www.opwglobal.com

The highly anticipated Africa Energy Indaba 2025 is set to take place from 4th to 6th March 2025 at the Cape Town International Convention Centre (CTICC). As Africa’s premier energy event, the Indaba will bring together over 1,500 captains of industry from across the globe, offering a platform for critical discussions, networking, and investment opportunities that will shape the continent’s energy future.

The Vital Role of Energy in Africa’s Economic Growth
Africa’s energy sector is a critical driver of economic growth and development. With the continent’s population expected to reach 2.5 billion by 2050, the demand for reliable and sustainable energy is set to soar. Currently, more than 600 million people in Sub-Saharan Africa lack access to electricity, highlighting the urgent need for investment in energy infrastructure. Expanding energy access is essential for unlocking industrial growth, enhancing productivity, and improving living standards. According to the International Energy Agency, universal energy access in Africa could boost the continent’s GDP by up to 30 percent by 2040.

To meet this growing demand, Africa must leverage its abundant renewable energy resources, including solar, wind, hydro, and natural gas, while also developing innovative financing models and fostering cross-sector partnerships. The Africa Energy Indaba will serve as a catalyst for these efforts, bringing together stakeholders to explore solutions that accelerate energy access, drive industrialization, and attract investment across the energy value chain.

Key Highlights of Africa Energy Indaba 2025:

• Expert-Led Conferences: Industry leaders, policymakers, and innovators will share insights on the latest trends, technologies, and policies driving Africa’s energy transition.
• Unmatched Networking: Connect with energy captains of industry, investors, and key decision-makers from Africa and beyond.
• Innovative Exhibition: Explore cutting-edge technologies and solutions presented by leading global and local energy companies.
• Focused Forums: Specialised forums will delve into critical sectors shaping

Africa’s energy landscape, including:
o Renewables Summit – 5th March 2025
o IPP & PPA Summit – 6th March 2025
o T&D Africa Conference – 6th March 2025
o Africa Gas Forum – 6th March 2025

•  Leadership Dialogues: Captains of Industry will gather for the Indaba Energy Leaders Dialogue and CEO Roundtables, providing a platform for strategic discussions on advancing Africa’s energy sector.
• Energy Dealflow: The Catapult Dealroom, South African Investment Forum, and Projects Dealroom will facilitate investment opportunities and enable participants to conclude energy projects.

With a stellar lineup of speakers and a diverse range of sessions, the Africa Energy Indaba promises to deliver actionable insights, strategic partnerships, and investment opportunities that will drive sustainable energy solutions across the continent.

For more information visit www.africaenergyindaba.com

Howard Energy Partners has announced the successful acquisition of EPIC Midstream Holdings’ ethylene pipeline, further enhancing its footprint in the Gulf Coast region. The 120-mile, 12-inch, bidirectional pipeline connects the Gulf Coast Growth Venture’s petrochemical complex in Corpus Christi to storage facilities in Markham, Texas, providing critical ethylene transportation infrastructure.

The newly acquired pipeline aligns strategically with HEP’s existing operations, offering synergies with the company’s Javelina Plant. This facility specialises in treating and fractionating gas streams from local refineries to extract olefins, hydrogen, and natural gas liquids.

“This acquisition aligns with our long-term strategy of building a diversified midstream company through organic growth and acquisitions, anchored by long-term contracts,” said Mike Howard, chairman and CEO of Howard Energy Partners. “I want to thank our internal team for executing on this opportunity. We look forward to additional growth in 2025.”

The transaction marks a record-breaking year for HEP in mergers and acquisitions, with 2023 activity exceeding $1.1 billion. HEP now operates more than 1,500 miles of pipeline, nearly 1 billion cubic feet per day of cryogenic processing capacity, and almost 2.5 billion barrels of tank storage capacity across the United States and Mexico.

Legal advisory support for EPIC Midstream Holdings was provided by Kirkland & Ellis LLP, while Bracewell LLP and Sidley Austin LLP served as legal advisors to HEP.

For more information visit www.howardenergypartners.com

Centrica has announced a major sale and purchase agreement with Petrobras, Brazil’s leading integrated oil and gas company, securing the sale of 0.8 million tonnes per annum of liquefied natural gas for a 15-year term, starting in 2027. The supply will be sourced from Centrica’s Sabine Pass and Delfin agreements, representing approximately 30 percent of the company’s US LNG portfolio.

Strengthening Global LNG Partnerships
The agreement marks a significant milestone in Centrica’s global LNG expansion, supporting energy security in Brazil while reinforcing the company’s commitment to delivering secure and sustainable energy solutions in the transition to a lower-carbon future.

Chris O’Shea, Centrica group chief executive, highlighted the strategic importance of the deal, stating: “Centrica is investing to deliver the energy security, efficiency, and decarbonisation solutions our customers need today and in the future. LNG is, and will continue to be, a crucial foundation of the energy transition. This agreement demonstrates our approach to building long-term partnerships while derisking our portfolio exposure in the medium term, positioning us to continue growing as new LNG supply enters the market over the coming years.”

Petrobras’ Perspective on Energy Transition
Maurício Tolmasquim, Petrobras’ director of energy transition and sustainability, emphasised the benefits of the agreement, noting:
“This partnership aligns with Petrobras’ priorities to reduce exposure to spot market volatility, enhance competitiveness, and be the best option for its customers. We also recognise LNG’s important contribution to promoting the energy transition.”

This long-term partnership diversifies Centrica’s LNG delivery locations, strengthens Brazil’s energy security, and reinforces both companies’ commitment to a lower-carbon energy future.

For more information visit www.centrica.com

London-based Henry Stewart will continue as Global Energy Sector Head at Watson Farley & Williams, a position he has held since 2018. His former co-head, Hamburg Partner Malte Jordan, will step aside to focus on advancing the firm’s prominent German energy practice.

To support Stewart’s global leadership, WFW has appointed María Pilar García Guijarro, head of the Madrid Office, as Energy Sector head for Europe & Americas, and Singapore Partner Clarinda Tjia-Dharmadi as Energy Sector head for Asia Pacific. This expanded leadership reflects the firm’s commitment to addressing the challenges and opportunities of the global energy transition and the interconnected nature of energy markets.

Leadership Highlights

• Henry Stewart: Based in London, Stewart’s ongoing role underscores WFW’s dedication to continuity and expertise in the energy sector.
• María Pilar García Guijarro: A recognised leader in corporate and M&A energy law, María Pilar joined WFW in 2009 and became Head of the Madrid Office in 2011. Her 20 years of experience span Europe, Latin America, and the Middle East, with a focus on renewables, power, and gas.
• Clarinda Tjia-Dharmadi: Joining WFW in January 2024, Clarinda brings over two decades of experience advising on Asia’s landmark energy and infrastructure projects. A former global co-chair of Latham & Watkins’ Energy Practice, she specialises in innovative deal structures, particularly in Indonesia.

Leadership Vision
This leadership restructuring aims to enhance WFW’s global energy sector capabilities. With seasoned experts and expanded geographic representation, the firm is positioned to support its clients in navigating the rapidly evolving energy landscape.

Acknowledgements
Senior partner George Paleokrassas expressed confidence in the new team, stating:
“With further worldwide investment and growth planned for our energy sector, I’m delighted to welcome María Pilar and Clarinda to their new roles. Their expertise and track records make them the ideal leaders to drive our energy practice forward alongside Henry. I also extend my gratitude to Malte for his exceptional leadership and contributions to the sector’s success.”

Future Focus
Malte Jordan reflected on his tenure, remarking:
“It has been an honour to co-lead the firm’s Global Energy Sector Group since 2018 with Henry. I’m confident the group will continue to thrive under the new leadership, and I look forward to supporting its growth in Germany.”

This leadership evolution underscores WFW’s dedication to meeting the demands of the global energy transition while maintaining its reputation as a leading advisor in the energy sector.

For more information visit www.wfw.com

Baker Hughes Company has announced the appointment of Ahmed Moghal as chief financial officer, effective immediately. Moghal, a highly experienced finance leader, previously served as CFO of the company’s Industrial & Energy Technology business and has held senior finance roles across various business and corporate functions. He succeeds Nancy Buese, who has stepped down by mutual agreement and will transition into a strategic adviser role before departing on April 30, 2025.

Strategic Finantial Leadership for Growth
Baker Hughes chairman and CEO Lorenzo Simonelli highlighted the significance of the appointment, stating: “Ahmed’s deep knowledge of both business segments, his strong track record in financial performance, and his understanding of our growth strategy make him the right choice to drive our next phase of profitable growth. His expertise will ensure we efficiently allocate capital while remaining focused on continuous margin improvement.”

Simonelli also acknowledged Nancy Buese’s contributions, noting her role in driving operational efficiency and cost reduction initiatives that enhanced margin growth and shareholder returns.

Baker Hughes reaffirmed its first-quarter and full-year 2025 financial outlook, which was shared during its earnings conference call on January 31, 2025. Key targets include:

Achieving a 20 percent EBITDA margin for the Oilfield Services & Equipment (OFSE) segment in 2025 and the IET segment in 2026
Returning 60 to 80 percent of free cash flow to shareholders
Ahmed Moghal’s Background and Expertise
Moghal has been with Baker Hughes since 2017, initially leading financial planning & analysis following the merger of Baker Hughes and GE Oil & Gas. With over two decades of global finance experience, he has played a key role in performance management, capital allocation, and free cash flow optimization. His career began at GE, where he was part of the Financial Management Program and Corporate Audit Staff.

Moghal’s appointment marks a strategic move as Baker Hughes continues its business transformation, leveraging growth opportunities across the natural gas, LNG, and new energy sectors while maintaining a strong focus on financial performance and shareholder value.

For more information visit www.bakerhughes.com

Chart Industries, Inc., a global leader in clean energy and industrial gas solutions, has announced the signing of a global master goods and services agreement with ExxonMobil.

This enabling agreement establishes the terms, conditions, and commercial framework for Chart to supply LNG equipment, technology, and services for ExxonMobil’s international portfolio of projects. Key provisions include the supply of Chart’s proprietary cold boxes and IPSMR® process technology, designed to enhance efficiency and scalability in LNG production.

Under the agreement, ExxonMobil and Chart will implement a “design once, build many” strategy to standardise project execution, optimising cost, timelines, and quality across LNG developments worldwide. This collaboration builds on Chart’s prior involvement in ExxonMobil’s Mozambique LNG project and reinforces their shared commitment to advancing LNG production capabilities across multiple countries.

Jill Evanko, CEO and president of Chart Industries, expressed enthusiasm for the expanded partnership, stating:
“We are proud to strengthen our relationship with ExxonMobil through this enabling agreement. Chart’s industry-leading LNG technology, including our cold boxes and IPSMR® process, supports ExxonMobil’s mission to deliver efficient, scalable, and reliable LNG solutions. This agreement further solidifies our position as a trusted partner for ExxonMobil’s global energy initiatives.”

Chart’s cold boxes and IPSMR® technology are engineered to maximise efficiency, optimise performance, and provide cost-effective LNG production, contributing to the global transition towards cleaner energy solutions.

This partnership reflects both companies’ commitment to delivering innovative and sustainable LNG technologies that address the growing demand for reliable and environmentally friendly energy resources.

For more information visit www.chartindustries.com

The Federation of European Tank Storage Associations (FETSA) is disappointed by the European Commission’s Clean Industrial Deal and Affordable Energy Packages, urging a more comprehensive and strategic approach to Europe’s industrial challenges. While the Commission’s proposals reflect a worthy commitment to sustainability, they fail to adequately address the critical issues that are eroding Europe’s industrial base and competitiveness.

“The European Commission’s approach to the Clean Industrial Deal and Affordable Energy Packages risks being more of a symbolic gesture than a solution to Europe’s industrial crisis,” said Ravi Bhatiani, FETSA executive director. “The Commission should be focusing on addressing the underlying structural issues—such as burdensome regulations, supply chain vulnerabilities, and a lack of affordable alternatives to current energy carriers.”

FETSA recognises the importance of reducing Europe’s emissions and ensuring a fair energy transition, but we believe that the proposals fall short in addressing the root causes of European de-industrialisation. Europe’s overextended and vulnerable energy supply chains, mounting regulatory burdens, and lack of commercially viable new energy carriers are key factors that remain unaddressed in the Commission’s package. Re-packaging old funding mechanisms and proposals that have not yielded significant results in the past is, in FETSA’s view, a missed opportunity to enact meaningful change during an unprecedented industrial crisis.

As the energy transition accelerates, European industry will continue to face substantial challenges. Energy costs remain close to historic highs, but the Commission’s focus on electrification and grid development does not provide the specific support industries need. The lack of practical and scalable green energy alternatives—particularly for energy-intensive industries—means that European companies face rising costs without clear long-term benefits. The lack of a market driven, technologically neutral approach to develop future liquid energy carriers is a mistake.

FETSA urges the European Commission to reconsider its approach and focus on practical, actionable solutions that will help industries, especially in energy-intensive sectors, to thrive during the energy transition, whilst remaining resilient and resistant to external shocks and geopolitical volatility. This includes mitigating supply chain risks with buffers of critical industrial inputs including through a fundamental reform of strategic stockpiling obligations for liquid energy carriers and proposing an Omnibus Simplification Package that concretely reduces the overall burden of compliance faced by industries.

“At a time when European industrial output is under pressure, we have to de-risk supply chains by managing energy security in a manner that mitigates the unprecedented security risks facing Europe today,” said Bhatiani. He emphasised: “we cannot afford to introduce more regulatory burdens that offer limited real-world impact.”

For more information visit www.fetsa.eu

JERA Co., Inc. has announced the signing of a basic agreement with Yamato Transport Co., Ltd. to collaborate on the utilisation of renewable energy equipment and optimise its application to achieve decarbonisation within the logistics sector.

The Yamato Group has set ambitious climate goals, including achieving net-zero greenhouse gas emissions by 2050 and a 48 percent reduction by 2030 compared to 2020 levels. Key initiatives supporting these targets include the introduction of 23,500 electric vehicles, installation of solar power systems at 810 locations, and increasing the renewable energy usage rate to 70 percent. To enhance energy procurement capabilities and diversify energy sources, Yamato Holdings Co., Ltd. established Yamato Energy Management Co., Ltd. on 7 January 2025, aiming to provide renewable energy to the Yamato Group and other vehicle-dependent businesses.

Under the agreement, JERA’s subsidiary, JERA Cross, will act as an aggregation coordinator* to assist Yamato Energy Management in managing energy supply and demand. This collaboration will enable efficient and deliberate utilisation of renewable energy, such as tracking energy generated by electric vehicles and solar equipment across Yamato Group locations and other vehicle-using businesses. The initiative also aims to supply the Yamato Group with 24/7 carbon-free energy in the future, ensuring a continuous supply of renewable power.

JERA’s collaboration with the Yamato Group reflects a shared commitment to reducing carbon emissions in logistics and supporting a sustainable, carbon-neutral society. This partnership signifies a step towards achieving advanced energy solutions that align with global decarbonisation efforts.

For more information visit www.jera.co.jp