Eni and the Japan Organisation for Metals and Energy Security have signed a Memorandum of Cooperation to collaborate in the gas and LNG sectors, aiming to diversify supply sources and enhance energy security.

This partnership promotes the role of gas and LNG in the energy transition, focusing on achieving carbon neutrality while supporting economic growth. Eni’s LNG supply opportunities to Japan and the involvement of Japanese financial institutions in the Coral North project in Mozambique are key components of this collaboration.

Additionally, Eni backs the Coalition for LNG Emission Abatement toward Net Zero (CLEAN Initiative), supported by major Japanese and Korean importers and their governments. This initiative seeks to assess global LNG projects, share industry best practices, and reduce emissions across the LNG value chain, reflecting Tokyo and Seoul’s commitment to the decarbonisation challenge.

For more information visit www.eni.com

IDTechEx has released an in-depth market report on advanced recycling technologies, appraising methods such as pyrolysis, depolymerisation, solvent extraction, and gasification of both homogeneous and mixed plastic waste. Authored by James Kennedy, this comprehensive report provides a detailed analysis of these chemical recycling processes, offering 10-year market forecasts, interviews with industry players, and insights into the global chemical recycling capacity.

As the global plastic value chain seeks to create a circular economy, chemical recycling emerges as a vital alternative to conventional mechanical methods, which often result in downcycling due to inferior physical properties. In response to increasing regulatory pressures, the report highlights the growing activity within the market, driven by key players across the value chain who are investing in early-stage technologies and forming strategic partnerships.

Key processes such as depolymerisation and pyrolysis are explored in detail. Depolymerisation breaks down polymers like PET and PS into their constituent monomers through thermal, chemical, or biological means. Pyrolysis, on the other hand, converts mixed plastic waste into pyrolysis oil, re-entering the supply chain to help achieve a circular economy. Gasification, another process, converts waste into syngas and is viewed as a “backstop” when other recycling methods fail.

The report addresses the complexities and challenges of chemical recycling, including concerns over its environmental impact and economic viability. Despite its potential, critics question the assumptions behind life cycle assessments and the financial sustainability of these technologies. Nonetheless, chemical recycling is poised for significant growth, with IDTechEx forecasting that over 17 million tonnes of plastic waste will be processed annually by pyrolysis and depolymerisation plants by 2034.

In addition to chemical recycling, the report covers secondary recycling via dissolution, an emerging space that involves selectively dissolving polymers and recovering them without breaking their chemical bonds. The report appraises these technologies, their economic outlook, environmental impact, and the ongoing innovations aimed at enabling a more sustainable future.

This market report serves as a crucial resource for stakeholders in the plastic recycling industry, providing a balanced view of the opportunities, challenges, and future developments shaping the global recycling landscape.

For more information visit www.idtechex.com

Scully Signal Company has introduced its latest innovation, the Mobile Truck Tester Kit with a mobile app, designed to enhance the safe and efficient loading of hazardous liquids in the North American market. The MTT Kit is a user-friendly solution that allows users to troubleshoot and verify the functionality of overfill and grounding systems in trucks, ensuring they are safe for loading at terminals.

The groundbreaking Scully app integrates seamlessly with the MTT 1000 tester, offering industry-first features to streamline operations. The mobile app expands the technician’s toolkit by enabling quick validation of tank truck equipment, identifying any failure points that require attention, and archiving test results for future reference. This capability simplifies troubleshooting and improves accuracy in maintenance processes.

Key features of the Mobile Truck Tester include comprehensive testing of overfill, grounding verification, and truck identification systems, making it an ideal tool for tank truck carriers, independent repair shops, and terminal managers focused on safety and efficiency. The tester also offers single sensor tests, accessible truck ID information, and compatibility with a socket adapter and wire harness for additional testing versatility.

The pairing of the MTT with the app adds automation that optimises operations, allowing users to archive test results, perform single-person wet tests, and receive advance fault notifications through detailed failure modes during testing. The app is designed to be intuitive and is available on both iOS and Android devices, ensuring ease of use.

Katrina Scully Ohl, president and CEO of Scully Signal, expressed excitement about the new product: “We are thrilled to introduce the innovative Mobile Truck Tester Kit that will help managers and operators reduce downtime, maximise productivity, and support safe, efficient troubleshooting. The app enables single-person testing, allows for easy access to the truck ID, and in the event of a failure, allows for quick repairs to get trailers back on the road.”

Building on Scully Signal’s 90-year legacy of innovation, the MTT Kit expands the company’s portfolio of overfill prevention and safety equipment, reinforcing its commitment to industry-leading safety solutions.

for more information visit www.scully.com

Advario Stolthaven Antwerp recently hosted a Corporate Social Responsibility Day in collaboration with Kras Jeugdwerk, an organisation dedicated to supporting young people in Antwerp as they advance in their professional journeys. The event offered an opportunity for the participants to connect with experienced mentors—employees from Advario—who will guide them with valuable insights, support, and encouragement as they pursue their career goals.

A highlight of the day was a speech from Nancy De Groof, vice president cluster Belgium at Advario, who delivered inspiring words to the youngsters. She urged them to remain positive, believe in themselves, and stay focused on achieving their dreams.

Advario remains committed to empowering the next generation and looks forward to continuing this partnership with Kras Jeugdwerk to help young talent thrive and realise their potential.

For more information visit www.advario.com

Governor Greg Abbott has appointed Tom Mason to the Texas Economic Development Corporation board of directors, with his term set to expire at the Governor’s discretion. The Texas Economic Development Corporation plays a crucial role in promoting the state’s business-friendly environment, functioning as the private sector arm of a public-private partnership with the Governor’s Office of Economic Development & Tourism. Together, they work to market Texas as the top destination for business investment and expansion, both across the United States and internationally.

Tom Mason brings a wealth of experience and leadership to the board, currently serving as executive vice president of Energy Transfer LP, a leading energy company. With over three decades of expertise in energy, law, and business, Mason has contributed significantly to his field. Before joining Energy Transfer, Mason was a partner at several major law firms, including Vinson & Elkins LLP, Brobeck, Phleger & Harrison LLP, and Andrews Kurth LLP. His practice focused on corporate and environmental law, where he gained a reputation for navigating complex legal challenges in the energy sector.

Mason’s dedication to public service and community involvement extends beyond his professional achievements. He is an active member of the State Bar of Texas, upholding the highest standards in the legal community. He also serves on the boards of Family Legacy, a non-profit organisation that provides education and care to vulnerable children in Zambia, and the Clean Air Action Corporation, which focuses on innovative solutions for reducing carbon emissions and improving air quality. His commitment to these organisations reflects his broader dedication to philanthropy and environmental sustainability.

Mason’s educational background includes a Bachelor of Science in Business Administration from the University of Nebraska-Lincoln, where he gained a solid foundation in business and management. He later earned his Juris Doctor from The University of Texas School of Law, one of the nation’s leading law schools, further equipping him with the legal expertise that has defined his successful career.

In his new role with the Texas Economic Development Corporation, Mason will be instrumental in advancing Texas’ economic development agenda. He will help guide efforts to attract new businesses to the state, foster innovation, and strengthen the state’s already robust economy. With his vast experience in both corporate and legal sectors, Mason is poised to contribute significantly to the Corporation’s mission of ensuring that Texas remains the best state for business.

Governor Abbott’s decision to appoint Mason reflects confidence in his ability to support the state’s continued economic growth. As Texas continues to expand its reach on the global stage, Mason’s leadership will be critical in shaping the state’s strategy for fostering investment, job creation, and long-term prosperity.

For more information visit www.energytransfer.com

Neste is enhancing its chemical recycling capabilities through a collaboration with Tepsa Netherlands, focusing on the storage and handling of liquefied waste plastic in Rotterdam. This partnership, which involves the implementation of advanced aggregation tanks, reflects Neste’s commitment to expanding its liquefied waste plastic processing capacity and promoting the circular economy. The company is progressing towards the use of larger quantities of liquefied waste plastic as a raw material at its Porvoo refinery in Finland, transforming it into Neste RE™, a high-quality recycled feedstock for new plastics and chemicals production.

The aggregation tanks will be strategically located in the Port of Rotterdam to optimise supply chains and streamline logistics. With Neste securing liquefied waste plastic supplies from various European sources, this central hub provides seamless access to the continent’s extensive infrastructure. The cutting-edge tank solutions, alongside the surrounding infrastructure, will ensure safe and reliable storage of liquefied waste plastic. The tanks are expected to be operational by the second half of 2025, aligning with the completion of Neste’s ongoing capacity upgrades for liquefied waste plastic in Porvoo.

“The new aggregation tanks in Rotterdam are crucial in optimising our supply chain and achieving our ambitious targets for processing liquefied waste plastic. By expanding our supplier network and increasing storage capacity, we are enhancing our flexibility in offtake and supporting a more sustainable and circular plastics economy,” said Andreas Teir, head of chemical recycling at Neste.

Bruno Hayem, CEO of Tepsa, added, “This collaboration marks a significant step in our commitment to sustainability and the energy transition. Beginning in 2025, we will diversify our product portfolio by stocking liquefied waste plastic, reinforcing our leadership in storing sustainable, low-carbon products. This partnership strengthens our long-standing relationship with Neste and supports the development of a more circular economy.”

Neste aims to process over one million tonnes of plastic waste annually, with ongoing efforts to build upgrading capacities for 150,000 tonnes of liquefied waste plastic each year. By refining materials like liquefied waste plastic and discarded rubber tyres, Neste produces high-quality, drop-in feedstock for new plastic production, advancing its vision for a sustainable future.

For more information visit www.neste.com

Ghent Renewables NV has announced a significant advancement in its operations with the official approval from its Board to expand its pretreatment capacity for waste oils and food waste products. This expansion will encompass a range of materials, including used cooking oil, palm oil mill effluent, spent bleaching oil, and acid oils, among others.

As a proud member of the GTS group, this investment is poised to double the company’s annual capacity. It will also enhance the facility’s capabilities to produce feedstock that is ideal for hydrogenated vegetable oil and hydroprocessed esters and fatty acids production, as well as for co-processing applications. This strategic move aligns with Ghent Renewables NV’s commitment to innovation and sustainability in the renewable energy sector.

The enhanced facilities are projected to be operational by the second half of next year, marking a pivotal moment in Ghent Renewables NV’s mission to contribute to a circular economy. This expansion is not merely a business growth initiative; it reflects the company’s dedication to driving a sustainable energy future. By improving its capacity to process waste materials, Ghent Renewables NV is taking significant strides toward reducing waste and promoting the utilisation of renewable resources.

With this development, Ghent Renewables NV aims to set a benchmark in the industry, showcasing how investment in sustainable practices can lead to a more environmentally friendly approach to energy production. As the company moves forward, it remains focused on its goals of sustainability and innovation, ensuring a greener future for generations to come.

For more information visit www.gtsghent.be/en

PETRONAS, in partnership with key players from the ASEAN energy sector, government agencies, and international organisations, has launched the ASEAN Energy Sector Methane Leadership Programme 2.0. Themed “Turning Capacity into Action,” this programme builds on the inaugural Methane Leadership Programme, which ran from June 2023 to October 2024. MLP 2.0 also introduces a collaboration between PETRONAS and the Japan Organisation for Metals and Energy Security to establish the Southeast Asia Methane Emissions Technology Evaluation Centre.

MLP 2.0 seeks to strengthen emissions reduction targets and improve coordination between businesses and governments, while supporting the Global Methane Pledge, signed by over 150 countries, including Malaysia. Reducing methane emissions, particularly from the oil and gas sector, is crucial in achieving global climate goals. During the 42nd ASEAN Ministers on Energy Meeting, the ministers welcomed initiatives aimed at reducing methane emissions in the region.

Since its inception, the Methane Leadership Programme has provided oil and gas companies in Southeast Asia with workshops and masterclasses focusing on methane emissions measurement, monitoring, reporting, verification technologies, and reduction strategies. The number of MLP members has grown from 13 to 18, indicating increased regional interest and engagement.

MLP 2.0 aims to accelerate regional collaboration on methane emissions management technologies, with demonstrations from partners in and outside of the region. Contributing partners include ASCOPE, the ASEAN Centre for Energy, the Environmental Defense Fund, the World Bank, and several other prominent organisations.

This initiative is a vital part of PETRONAS’ Net Zero Carbon Emissions by 2050 Pathway and aligns with its commitments to the United Nations Environment Programme Oil & Gas Methane Partnership 2.0 and the Oil and Gas Decarbonisation Charter. PETRONAS recently achieved the OGMP 2.0 Gold Standard Pathway for the 2023 reporting year.

A key component of MLP 2.0 is the establishment of the Southeast Asia Methane Emissions Technology Evaluation Centre, a collaboration between PETRONAS and JOGMEC. METEC will be the first of its kind in Southeast Asia, supporting methane emissions management by overseeing measurement, monitoring, reporting, verification processes, and research and development efforts. METEC will be located at PETRONAS’ Institut Teknologi Petroleum in Bukit Rakit, Terengganu, and Universiti Teknologi PETRONAS in Tronoh, Perak.

For more information visit www.petronas.com

Honeywell has announced an agreement with USA BioEnergy to implement its Experion® PKS Distributed Control System and safety system at the new Texas Renewable Fuels Bon Wier biorefinery. This advanced facility is set to convert wood waste into sustainable aviation fuel, highlighting Honeywell’s focus on three key megatrends: automation, the future of aviation, and energy transition.

Honeywell’s Experion® PKS will play a critical role in the central control and safety operations of the Texas Renewable Fuels plant. Its real-time data acquisition, monitoring, and control capabilities will streamline the complex process of converting wood waste into SAF. This integration is expected to boost operational efficiency, ensuring optimal performance and reliability. It will help USA BioEnergy meet production targets while minimising downtime, supporting the broader goal of reducing airline emissions and promoting sustainable aviation.

Nick Andrews, CEO of USA BioEnergy, said, “Our decision to select Honeywell’s Experion® DCS and safety systems for the Bon Wier facility ensures that we operate at the highest levels of efficiency and safety. Honeywell’s innovative solutions will be instrumental in our mission to produce sustainable aviation fuel with the industry’s lowest carbon intensity score.”

Located in Bon Wier, Texas, the $2.8 billion greenfield facility is designed to meet the increasing demand for SAF by converting sustainably sourced forest thinnings into fuel. USA BioEnergy has also signed a 20-year offtake agreement with Southwest Airlines, under which Southwest may purchase up to 680 million gallons of unblended SAF. Once blended with conventional jet fuel, this SAF could equate to 2.59 billion gallons of net-zero fuel, helping to avoid 30 million metric tonnes of CO2 over the agreement’s term.

Pramesh Maheshwari, president of Honeywell Process Solutions, commented, “Honeywell’s automation and safety solutions will be central to USA BioEnergy’s SAF facility and are aligned with advancing the future of aviation. This partnership not only reflects our commitment to sustainability but also showcases our ability to drive efficiency through intelligent operations.”

Beyond the DCS and safety systems, Honeywell will also install the Experion Industrial Security system, reinforcing the plant’s telecommunications infrastructure to ensure secure, reliable operations while mitigating cyber threats. This advanced security system is designed to safeguard critical assets, enhancing the facility’s overall resilience.

Honeywell, a pioneer in SAF production through its Ecofining™ process, continues to expand its renewable fuels portfolio, which now includes ethanol-to-jet technology and eFining™, a process that converts green hydrogen and carbon.

USA BioEnergy’s Texas Renewable Fuels Bon Wier facility is currently in the detailed design and engineering phase, with representation by Citi.

For more information visit www.honeywell.com

IDTechEx reports that the electrification of the construction, agriculture, and mining industries is accelerating, with the construction sector already offering numerous electric machines, while agriculture and mining are set to follow. This transition presents significant opportunities for cell manufacturers and battery pack producers, with battery demand across all CAM industries expected to reach 53.6 GWh by 2034. The industry’s value is projected at US$7.8 billion by that time, with a compound annual growth rate of 27.1 percent over the next decade.

Electrifying CAM machinery requires a diverse range of battery sizes, from 10 kWh to 2 MWh, as well as performance attributes focused on cost, safety, and longevity rather than energy density, which is critical for passenger electric vehicles. Many CAM machines, such as heavy equipment, prioritise balance and stability, meaning energy density is less of a concern. IDTechEx’s report explores how existing and emerging battery technologies can meet the specific needs of the CAM sectors.

The CAM battery market is dominated by nickel manganese cobalt and lithium iron phosphate (LFP) chemistries, which are widely used by manufacturers such as Forsee, Accelera, and CATL. These technologies offer energy densities ranging from 100-200 Wh/kg and cycle lives that meet the demands of most CAM applications. NMC batteries, with their higher volumetric energy density, are better suited for smaller machines like excavators, where space is a premium. In contrast, LFP is more cost-effective and typically used in larger machines where weight is less of a concern. IDTechEx’s research shows that geography and regional supply chains can also influence the choice between NMC and LFP.

In addition to NMC and LFP, IDTechEx analyses the potential of emerging battery technologies such as lithium titanate and silicon anode cells. LTO, while offering lower energy density, excels in high cycle life and fast charging. Haul trucks, which require minimal downtime and a long operational lifespan, are identified as prime candidates for LTO batteries due to their ability to charge in just minutes and sustain up to 40,000 cycles.

Silicon anode cells offer high energy density, making them promising for sectors like agriculture, where machines may only operate for a few weeks each year, thereby benefiting from fewer charge cycles. However, challenges related to silicon’s longevity need to be addressed, as its repeated swelling during charge cycles can limit the battery’s lifespan.

IDTechEx’s report covers a database of over 200 electric CAM machines and nearly 200 battery products from leading suppliers. It provides detailed forecasts for battery demand and market size over the next 10 years, evaluating 15 machine types and 10 battery technologies, including solid-state batteries, sodium-ion, and lithium-metal solutions. The report also benchmarks off-the-shelf battery products, offering critical insights into vehicle trends, performance analysis, and future market growth.

This analysis positions electrification as a key driver for innovation in the CAM industries, with tailored battery solutions leading the way toward a sustainable future.

For more information visit www.IDTechEx.com

McDermott has secured an engineering, procurement, construction, and installation (EPCI) contract from QatarEnergy LNG for the North Field South (NFS) Offshore Pipelines and Cables Project. This contract adds to a series of previous awards received by McDermott, including the NFS Pipelines Front End Engineering Design (FEED), the NFS Jackets EPCI, and the NFXP Topsides and Pipelines, which encompassed the NFS Topsides.

The NFS infrastructure is crucial for supplying feed gas to two additional LNG trains, forming part of the North Field Expansion Project (NFXP). This initiative aims to boost Qatar’s total LNG production capacity from the current 77 million tonnes per annum (MTPA) to 142 MTPA.

Mike Sutherland, McDermott’s senior vice president for Offshore Middle East, highlighted the company’s longstanding presence in Qatar’s offshore energy sector, stating, “McDermott is unique in Qatar in that we have been operating and supporting the offshore energy industry since its early developments in the 1990s.” He expressed enthusiasm for continuing collaboration with QatarEnergy LNG on this pivotal offshore development.

Neil Gunnion, McDermott’s Qatar country manager and vice president of operations, also emphasised the importance of the contract, noting, “We’re honoured to once again receive the trust of QatarEnergy and QatarEnergy LNG to deliver some of their largest and most strategically important projects.” He pointed out that McDermott is now responsible for all offshore infrastructure related to Qatar’s extensive North Field Expansion, with the majority of execution taking place within the country. With facilities in Doha and Ras Laffan, McDermott is well-positioned to execute complex offshore projects locally.

The contract’s scope includes the EPCI of nearly 250 kilometers of offshore and onshore gas pipelines that will connect five new offshore wellhead platforms to two new onshore LNG trains, along with subsea composite power and control cables. The project will be overseen from McDermott’s office in Doha, with fabrication support provided by the QFAB fabrication yard and installation utilising McDermott’s in-house marine assets.

For more information visit www.mcdermott.com

Stolt-Nielsen Limited announced its unaudited financial results for the third quarter and the nine months ending August 31, 2024. The company reported a net profit of $99.2 million on revenue of $732.8 million for the third quarter of 2024, compared to a net profit of $90.1 million on revenue of $694.4 million for the same period in 2023.

For the first nine months of 2024, the company achieved a net profit of $303.3 million with revenue totalling $2,181.3 million. This represents a significant improvement compared to the first nine months of 2023, when Stolt-Nielsen reported a net profit of $198.2 million on revenue of $2,125.0 million. The prior year’s results were affected by a $155 million loss provision related to the MSC Flaminia.

Key Highlights for Q3 2024 (compared to Q3 2023):

• Stolt-Nielsen Limited consolidated EBITDA reached $215.2 million, up from $200.3 million.
• Earnings per share increased to $1.85, up from $1.68.
• Stolt Tankers’ operating profit surged to $107.1 million, up from $87.3 million.
• Stolt Tankers’ average time-charter equivalent revenue increased by 17.3 percent, reaching $33,355 per operating day, up from $28,429.
• Stolthaven Terminals’ operating profit grew to $27.4 million, compared to $26.0 million.
• Stolt Tank Containers’ operating profit decreased to $16.6 million, down from $23.9 million.
• Stolt Sea Farm reported an operating profit before fair value adjustment of biomass of $8.7 million, up from $6.1 million.
• Stolt-Nielsen Gas narrowed its operating loss to $1.6 million, compared to a loss of $3.4 million.
• Corporate and Other operations reported an operating loss of $13.1 million, similar to the $13.4 million loss in the previous year.

CEO Comments: Udo Lange, CEO of Stolt-Nielsen Limited, expressed satisfaction with the company’s robust performance in the third quarter. “We continue to demonstrate the strength of our business across key market segments, with EBITDA remaining above $200 million and near-record levels for the second consecutive quarter,” Lange said. He highlighted the strong tanker markets, driven by firm spot rates due to transit restrictions in the Red Sea, which have positively impacted Stolt Tankers’ performance.

Lange also noted the record-high average TCE earnings for Stolt Tankers, supported by strong market conditions and longer voyages in the Red Sea region. He further pointed out Stolthaven Terminals’ margin improvements due to an optimisation strategy, while Stolt Tank Containers has faced lower shipment volumes but benefited from better margins. Stolt Sea Farm’s third-quarter performance was also strong, driven by steady demand and solid pricing.

Overall, Stolt-Nielsen’s diverse business portfolio has enabled it to capitalise on market opportunities while maintaining solid financial performance.

For more information visit www.stolt-nielsen.com

Marine storage terminals play a critical role in the global supply chain, yet many may not be functioning at their optimal capacity. The question arises: is your terminal operating at peak efficiency, or is it a ticking time bomb waiting to explode? Information deficits can lead to a myriad of issues, including costly accidents, environmental damage, and operational inefficiencies that can significantly impact profitability.

The introduction of Information Physics offers a groundbreaking approach to enhancing terminal operations. By harnessing data and insights, terminal operators can revolutionise safety, efficiency, and overall profitability.

Key Areas of Focus

1. Identifying and Mitigating Hidden Hazards: Through the application of Information Physics, terminals can proactively identify potential risks. This foresight can help mitigate hazards before they escalate into catastrophic events.

2. Optimising Operations: Implementing data-driven strategies allows terminals to streamline their operations. This optimisation can lead to reduced costs, increased throughput, and enhanced decision-making processes, ultimately driving efficiency.

3. Enhancing Safety and Environmental Compliance: By leveraging insights from data, terminals can improve their adherence to safety regulations and environmental standards. This commitment not only safeguards operations but also promotes a sustainable future.

Stakeholders are encouraged not to wait for a crisis to address these issues. A paid webinar, priced at €225, is available for those who wish to delve deeper into these vital topics. Interested parties can register and learn more at www.tankterminaltraining.com/webinar

For additional information or inquiries, individuals can reach out to Arend via email at contact@tankterminaltraining.com.

Tailwater Capital LLC, an energy and environmental infrastructure private equity firm, has entered into definitive agreements to sell Tall Oak Midstream Operating, LLC and its subsidiaries (Tall Oak Midstream III) to Summit Midstream Corporation for a total consideration of approximately $450 million. The deal includes $155 million in cash, 7.5 million shares of Summit’s Class B common stock and common units of the Partnership, representing 40 percent ownership in the pro forma company, and up to $25 million in contingent consideration through March 2026.

The transaction is expected to close in the fourth quarter of 2024, pending customary closing conditions, shareholder and regulatory approvals. Upon closing, Tailwater Capital will appoint four directors to Summit’s Board.

Tall Oak Midstream III operates in the Arkoma Basin, with assets including two natural gas processing plants with a combined capacity of 220 million cubic feet per day, 411 miles of natural gas gathering lines, and 65,000 horsepower of compression.

“This partnership with Summit creates a unique growth opportunity,” said Jason Downie, co-founder and managing partner at Tailwater. Ryan Lewellyn, CEO of Tall Oak Midstream, praised the partnership and highlighted the reliability and safety of Tall Oak’s operations, expressing confidence in the continued success under Summit’s management.

For more information visit www.tailwatercapital.com

Gasum has announced that, moving forward, its liquefied gas products will be transported using liquefied biogas in Finland, as they have already been in Sweden and Norway. The energy company has signed new long-term contracts with Litra, one of Scandinavia’s largest and oldest transport companies, to manage liquefied gas road transport services across Finland, Sweden, and Norway.

Starting in the autumn of 2024, Litra will be responsible for the majority of Gasum’s liquefied natural gas and liquefied biogas products in these regions. This partnership will include transport planning, maintenance, and trucking services for Gasum’s fleet. While Litra has already been active in Sweden and Norway, the company’s entry into Finland represents a key market expansion.

Currently, only a quarter of Gasum’s liquefied gas products in Finland are transported using biogas-powered trucks. Litra is committed to handling nearly all of these transports with gas-powered vehicles, resulting in the need to invest in a gas-driven fleet to meet Gasum’s transport needs. This shift will have a significant positive impact on Gasum’s carbon footprint, helping to reduce emissions while maintaining operational efficiency.

By consolidating transport services with Litra, Gasum aims to streamline processes, improve flexibility, and optimise the use of its assets. The move will result in more efficient deliveries, benefiting Gasum’s customers across the Nordic region.

“This agreement strengthens Gasum’s position as a safe and resilient provider of gas,” said Anders Malm, senior vice president of Supply & Trading at Gasum. “Litra has an excellent track record in Sweden and Norway, and we are excited to extend this collaboration to Finland. We are confident that this partnership will enable us to improve performance and reduce our environmental footprint.”

Vegard Narmo, CEO of Litra Group, added, “We are proud to partner with Gasum, a leading gas provider with high safety and operational standards. With over 100 years of experience, we look forward to optimising performance in Finland, just as we have in Norway and Sweden.”

Gasum operates a complete energy platform, offering end-to-end value chains in biogas, natural gas, and renewable power. The company runs over 100 gas filling stations, 17 biogas plants, and liquefied gas terminals in Finland, Sweden, and Norway. Liquefied biogas, a fully renewable and environmentally friendly fuel, reduces lifecycle greenhouse gas emissions by 90 percent compared to fossil fuels.

Gasum’s long-term goal is to bring 7 terawatt hours of renewable gas annually to the Nordic market by 2027, contributing to a reduction of 1.8 million tonnes of carbon dioxide for its customers.

For more information visit www.gasum.com

Rama Challa, Ph.D., PE, will be presenting a real-life case study at the American Petroleum Institute’s 2024 API Storage Tank Conference and Expo, scheduled for October 10, 2024. His presentation will focus on a repair and upgrade project for an LNG storage tank, which was initiated due to unique cold spots, local temperature fluctuations in the annular space, and elevated boil-off rates. These issues led to a fitness-for-service evaluation, inspections, and subsequent repairs to improve safety, reliability, and operational efficiency while reducing costs.

The case study, presented by Matrix PDM Engineering, outlines the evaluation process, repairs, and upgrades carried out to extend the tank’s service life. Rama Challa will deliver the presentation at 9:20 a.m. local time, offering valuable insights into the process improvements made to enhance the tank’s functionality.

In addition to his presentation, Rama will play a key role at the conference as co-chair, supporting keynote speaker Neville Stokes from Bechtel Energy. Together, they developed the keynote session titled “Refrigerated Storage Tanks: A Look at Current and Future Markets.” The keynote will explore various aspects of refrigerated and cryogenic storage tanks, from safety standards like API 625 and API 620 Annex Q and R to technological advancements, the growing role of LNG as a transitional fuel, and future trends such as hydrogen storage and ammonia as a hydrogen carrier.

Rama Challa will also moderate several technical sessions, including:

• Bechtel Energy: Assessment of Pressure Relief Vent Fires on Concrete Roofs of LNG Storage Tanks
• Fauji Fertilizer Bin Qasim Limited: Rehabilitation of an Ammonia Storage Tank (AT-911)
• GTT North America: Flexible, Scalable, Modularised LNG Storage Solutions for the Evolving Energy Markets

For more information on the 2024 API Storage Tank Conference and Expo, or to register for the event, visit the conference website. Be sure to visit Matrix PDM Engineering at booth #406.

For more information visit www.matrixpdm.com

Creaform, a global leader in 3D measurement solutions and a subsidiary of AMETEK, Inc., has announced its participation in Formnext 2024, where it will showcase its cutting-edge 3D scanning technologies designed to accelerate reverse engineering, product development, and additive manufacturing. Visitors at the event will have the opportunity to explore Creaform’s advanced 3D scanners, including the HandySCAN 3D|BLACK, SILVER, and MAX Series, as well as the Go!SCAN 3D and Peel 3D scanners.

Formnext, the world’s leading trade show for additive manufacturing and industrial 3D printing, provides an ideal platform for Creaform to demonstrate how its technologies seamlessly integrate into workflows across industries such as aerospace, automotive, and consumer products. Creaform’s 3D scanning solutions support various stages of production, from reverse engineering and prototyping to final product quality control.

At the event, Creaform will highlight the capabilities of its HandySCAN 3D|SILVER Series, a lightweight, portable scanner that delivers fast and precise 3D data capture, essential for industries aiming to optimize workflows and improve product quality. For example, Polyaéro used the SILVER Series to reverse engineer aircraft components for electrification projects, saving time and increasing accuracy. APWORKS, a leader in 3D-printed metal parts, relies on the SILVER Series for quality control, scanning parts to ensure they meet strict design tolerances and avoiding costly revisions. Additionally, MRA Klement, a manufacturer of motorcycle accessories, uses the scanner to capture detailed 3D models, ensuring high-quality custom production of windshields.

Creaform will also feature the HandySCAN 3D|MAX Series, designed for scanning larger objects with enhanced speed and accuracy, and the HandySCAN 3D|BLACK Series, ideal for capturing intricate details in complex geometries for high-end manufacturing. The Peel 3D scanner will also be showcased, offering an affordable solution for smaller projects, while the Go!SCAN 3D provides user-friendly, portable scanning for quick data collection in product development and manufacturing workflows.

All Creaform scanners are powered by VXelements, an advanced software platform that ensures high-quality data processing with ease of use. VXelements enables users to visualise scanned data instantly, allowing for quick identification of any design or production issues, further streamlining workflows.

Creaform’s technologies are essential in maintaining high standards of quality control in additive manufacturing, helping companies verify dimensional accuracy and innovate efficiently. Visit Creaform at Hall 12.1, Booth F79 at Formnext 2024 to see how their 3D scanning solutions can

For more information visit www.creaform3d.com

AxFlow, a global leader in fluid handling solutions, has announced the acquisition of Superior Pump Technologies, a prominent Australian pump and service provider. This acquisition strengthens AxFlow’s presence in Australia’s drilling, mining, oil, food & beverage, and water/wastewater sectors, while also significantly boosting its service and repair capabilities across the region.

SPT, a certified SPX Flow repair centre and the only facility in Australia accredited for the Waukesha Cherry-Burrell brand, brings expertise in pump repair and aftermarket services. With a fully equipped workshop, SPT specialises in repairs using original manufacturers’ specifications, environmentally responsible waste disposal, and both in-house and on-site services, including pump condition monitoring.

In addition to its service capabilities, SPT distributes several leading international brands to the Australian market, such as SPX Flow’s Waukesha Cherry-Burrell, APV, Bran + Luebbe, Johnson Pump, and Technip FMC.

Michael Briggs, managing director of AxFlow Australia, highlighted that the acquisition aligns with AxFlow’s strategic focus on expanding service capabilities and strengthens its long-standing relationship with SPX Flow. “We are excited to welcome SPT to the AxFlow Group. This is a significant step in our journey to becoming the leading provider of fluid handling solutions in Australia,” he said.

Victor Rokhlin, general manager of Superior Pump Technologies, expressed enthusiasm about the partnership, stating, “Joining the AxFlow Group marks an exciting new chapter in SPT’s growth journey. By combining the strengths of both companies, we’ll be able to foster innovation, improve operational efficiency, and offer even greater value to our customers.”

For more information visit www.axflow.com

PETRONAS Abu Dhabi Sdn Bhd, a subsidiary of PETRONAS, has been awarded a new oil and gas exploration concession for Onshore Block 2 by the Supreme Council for Financial and Economic Affairs. The block, located in the Al Dhafra region of Abu Dhabi, spans over 7,300 square kilometres and marks the company’s third concession in the area, following Unconventional Block 1 in 2022 and unconventional block 5 in 2024.

Under the agreement, PETRONAS Abu Dhabi will hold 100 percent equity and serve as operator during the exploration period. This new concession expands the company’s upstream portfolio in Abu Dhabi, encompassing both conventional and unconventional resources.

Mohd Jukris Abdul Wahab, executive vice president and CEO of PETRONAS Upstream, expressed excitement about the venture, thanking SCFEA for their trust and collaboration. He emphasised that this project aligns with PETRONAS’ strategy for exploration growth and its commitment to achieving net-zero targets, pledging a sustainable approach to operations.

PETRONAS continues to balance domestic responsibilities with international opportunities, ensuring a robust business presence in the evolving global energy landscape.

For more information visit www.petronas.com

Patrick Pouyanné, chairman and CEO of TotalEnergies, along with His Excellency Chandrikapersad Santokhi, president of the Republic of Suriname, and Annand Jagesar, CEO of Staatsolie Maatschappij Suriname N.V., announced the final investment decision for the “GranMorgu” development on offshore Block 58 in Paramaribo today. This project is a significant step for Suriname, marking the first offshore oil development in the country.

The GranMorgu project will develop the Sapakara and Krabdagu oil discoveries, estimated to hold over 750 million barrels of recoverable reserves. Located 150 km off the Suriname coast, the project includes a 220,000 barrels-per-day Floating Production Storage and Offloading unit, with a total investment of approximately $10.5 billion. The first oil production is anticipated in 2028. The FPSO is designed to accommodate future developments, ensuring an extended production plateau.

TotalEnergies operates Block 58 with a 50 percent interest, alongside APA Corporation. Staatsolie has expressed its intent to acquire up to a 20 percent interest in the project and will finalise its involvement by June 2025.

GranMorgu aims to minimise greenhouse gas emissions through innovative technologies, such as an all-electric FPSO configuration, zero routine flaring, and full reinjection of associated gas into the reservoirs. With a scope 1 and 2 emissions intensity below 16 kg CO2e/boe, the project features waste heat recovery systems and permanent methane detection to optimise efficiency and environmental performance.

In addition to its environmental focus, the project promises significant economic benefits for Suriname. Investments in local content are expected to exceed $1 billion, creating over 6,000 jobs, including 2,000 direct positions. Paramaribo will serve as the hub for administrative and logistical operations, with local companies contributing to various aspects of the project, including logistics, well services, and FPSO operations.

To further support Suriname’s development, TotalEnergies and APA Corporation signed a Memorandum of Understanding with the Surinamese Health Ministry to rehabilitate two mother and child hospitals in Paramaribo, reinforcing their commitment to the local community.

Patrick Pouyanné emphasised the significance of the project: “This landmark project marks the first offshore development in Suriname and builds on our extensive expertise in deep offshore innovation. GranMorgu fits with our strategy to accelerate time-to-market and develop low-cost and low-emission oil projects.”

President Santokhi also welcomed the FID announcement, noting that it represents a historic moment for Suriname, creating vast opportunities for revenue and attracting international investment. Annand Jagesar, CEO of Staatsolie, praised the cooperation with TotalEnergies and highlighted the project’s potential to elevate living standards for Suriname’s citizens.

The GranMorgu project is set to be a transformative venture for both the energy industry and the economy of Suriname, with long-term benefits for the country’s development.

For more information visit www.totalenergies.com

A long-time fond and respectful connection, shared values, timing in life, and the passion for technical innovation and growth made Björn Stignor accept the position as CEO of Furetank. As of October 1st, he closes a loop by returning to the roots of his maritime career in intermediate tanker shipping.

Björn Stignor has returned to Sweden after 13 years in Singapore heading Golden-Agri Stena, a joint venture between Stena and Golden Agri International. With two grown children who just moved out, Björn Stignor and his Australian wife Tracy decided it was time to move on career-wise and geographically.

The timing was great with Furetank owner and former CEO Lars Höglund looking to hand over operative leadership to a leader who shares company values and brings a boost of international experience into the family-owned company.

Björn Stignor and Furetank first crossed paths many years ago. Stignor has a Master Mariner degree and started his officer’s career with Star Cruises, progressing to Captain level with Broströms. In 2002 he transferred to the commercial side as an operator and subsequently to the chartering department. This is where he got to know Lars Höglund and other Furetank coworkers.

Moving on to the Stena sphere in 2007, he got the opportunity to head the joint venture today called Golden-Agri Stena in Singapore. Björn Stignor describes wearing many hats during these years, in a shipping company owning, commercially managing and pool operating tanker vessels. He was also the head of freight for Golden Agri, moving 5 million liquid tonnes yearly and another million tonnes of container shipments.

” When the first Vinga vessel had been delivered in China and passed Singapore, Lars asked if I wanted to come on board. It was like candy for someone like me, to see all the technical solutions and listen to their passionate talk about development. I am incredibly impressed with Furetank’s conviction in designing these state-of-the-art vessels, with great timing in the market while also placing themselves at the forefront of environmental vessel technology. This boldness is very attractive to me.” Björn Stignor says.

He brings to Furetank a wide repertoire of experience from two continents, commercially but also technically since the start of his career on board intermediate tankers.

” I always loved this trade and it feels great to be back. I appreciate the size of Furetank, where you can get to know all employees and be friendly with everyone. I also have good experiences from my years in family businesses, reporting to the owners and working with the older and younger generation. I think I can complement Lars’ work, take over the baton, and take on the responsibility for Furetank’s continued expansion.”

For more information visit www.furetank.se

Avenir LNG Limited has announced a strategic refocus of its business and is exploring a potential listing on Euronext Growth Oslo, alongside raising new capital. As part of this shift, Avenir plans to divest its ownership of the HIGAS LNG storage terminal in Sardinia to three of its major shareholders: Stolt-Nielsen, Golar LNG, and Höegh Evi. The divestment is subject to approvals and final legal documentation. Post-divestment, Avenir will operate as a small-scale LNG shipping and trading company, focusing on providing efficient and sustainable LNG supply solutions.

Positioned as a leading provider of LNG bunkering vessels, Avenir is set to capitalise on favourable market conditions, such as regulatory developments, limited supply, and the growth of the LNG-fuelled fleet, which is expected to boost marine LNG demand beyond 15 million tonnes annually over the next five years.

As part of its long-term growth strategy, Avenir has initiated the process of seeking a listing on Euronext Growth Oslo later this year. The company aims to raise approximately USD 50 million in new equity, underwritten by Stolt-Nielsen, to finance two newbuild 20,000 cbm LNG bunker and supply vessels announced in April 2024. The equity raise may also increase to support further fleet expansion, with the company holding options for two additional newbuilds on favourable terms. The planned listing and equity raise are intended to expand Avenir’s shareholder base and increase the free float of its shares.

The divestment will be carried out through a restructuring, transferring indirect equity interests in the HIGAS terminal to a new vehicle owned by the majority shareholders. Consideration for the divestment will include settling an existing shareholder loan and transferring a portion of Avenir shares back to the company. The transaction is structured to ensure Avenir’s net asset value per share remains at approximately USD 1.10, both before and after the divestment. There may also be an opportunity for other Avenir shareholders to acquire interests in the HIGAS terminal on similar terms.

Jonathan Quinn, managing director of Avenir LNG, commented: “This next chapter in Avenir’s history accelerates the Company’s growth ambitions. With the LNG-fuelled fleet expected to grow significantly, this is a timely opportunity to refocus our strategy on shipping and trading by divesting from HIGAS. This transaction will enhance our position as a leading LNG bunker vessel owner and improve operational efficiency, positioning us to leverage favourable market conditions by expanding our fleet.”

Avenir has engaged Clarksons Securities AS and DNB Markets as financial advisors for the listing process. The company is currently registered on Euronext NOTC, a marketplace for unlisted shares

For more information visit www.avenirlng.com

McDermott, in consortium with Saipem and China Petroleum Engineering and Construction Corporation, has secured a front-end engineering design contract for the Rovuma LNG Phase 1 Project in Mozambique. This major development, a joint venture between ExxonMobil Development Africa B.V., Eni S.p.A., and CNODC Dutch Cooperatief U.A., marks a key milestone for Mozambique’s energy sector and presents a substantial opportunity for the country’s economic growth.

The Rovuma LNG Phase 1 project involves the liquefaction and export of natural gas extracted from the Offshore Area 4 fields located off the Afungi Peninsula in Mozambique. This initiative is expected to significantly contribute to the nation’s industrial, social, and economic development.

Rob Shaul, senior vice president of McDermott’s Low Carbon Solutions business, commented, “LNG helps shape an entirely new era of energy solutions, and McDermott plays a significant role in this global shift with more than 60 years of LNG experience. McDermott is well established in Mozambique and can apply this knowledge and experience to continue the country’s industrial, social, and economic development.”

The scope of the FEED contract includes the modular design of a greenfield LNG production facility in Afungi, which will include gas pre-treatment units, utilities, and offsite systems needed to support the production of liquefied natural gas. The facility is expected to have a production capacity of 18 million tonnes per annum (MTPA). Additionally, the contract covers the preparation of an engineering, procurement, and construction proposal.

McDermott’s office in London will oversee the execution of the project.

For more information visit www.mcdermott-investors.com

CMS Corporation has been awarded a $19M project for repairs to Tank 32 on Wake Island, a remote island in the Pacific located approximately 2/3 of the way from Honolulu to Guam.

For this project, CMS will make repairs to a 100,000-BBL tank containing JP-8 jet fuel. These repairs include addressing the cracked concrete ringwall, making necessary weld repairs, and fixing containment dike drains. Additionally, the project will involve the installation of containment stair handrails and crossover stairs, as well as the replacement of critical tank system components such as high-level shutoff control valves, floating pans, and pressure relief valves.

“Taking on this project presents unique challenges due to the remote location and limited amenities on Wake Island,” said Ernest Enrique, chairman and CEO of CMS. “We are committed to meticulous planning and execution, ensuring that every detail is addressed to ensure project success. Our team is ready to safely deliver high quality repairs to this vital infrastructure in the Pacific.”

For more information visit www.cmscorp.com

UM Terminals has welcomed two new apprentices, Paulie Twigg and Harry Cain, as part of its expanding in-house maintenance team. Both aged 18, they will undertake a four-year apprenticeship based at the company’s Regent Road head office, while also gaining experience at UM Terminals’ other UK sites in Hull and Portbury.

Jake Ellis, maintenance manager at UM Terminals, expressed his enthusiasm for the new recruits: “I am delighted to welcome Paulie and Harry as our first two apprentices in the maintenance department. We had considerable interest in the apprenticeship programme, with 12 candidates reaching the final interview stage. Paulie and Harry stood out from a strong field of applicants.”

The apprenticeship programme is being delivered in partnership with the North West Training Council, a leading provider of Advanced Manufacturing Engineering Apprenticeships in the Liverpool City Region. The two apprentices will spend four days a week working at UM Terminals, with one day dedicated to attending college.

Paulie, from Stockbridge, and Harry, from Bootle, Liverpool, will be mentored by experienced members of the maintenance team as part of their professional development.

Jake Ellis added, “Although Paulie and Harry will be primarily based in our Liverpool terminals, they will also spend time working alongside colleagues at our Hull and Portbury locations. This is the first time we have recruited apprentices, marking a key step in our strategic initiative to expand our in-house maintenance capabilities.”

He continued, “With recent hires, we now have an eight-strong team that includes technicians, fitters, and an electrical controls and instrumentation specialist. This gives us the capacity to run a continuous maintenance programme across all of our assets.”

Additionally, UM Terminals is establishing a dedicated maintenance workshop in a former boiler house at its Regent Road terminal, which will include a customised workshop, storage space, and staff kitchen facilities.

For more information visit www.umterminals.co.uk

Woodside has completed the acquisition of 100 percent of OCI Clean Ammonia Holding B.V., the entity responsible for OCI N.V.’s lower carbon ammonia project in Texas. This follows Woodside’s announcement on 5 August 2024 regarding its agreement to acquire OCI’s 1.1 million tonnes per annum Clean Ammonia Project. Upon the implementation of carbon capture and sequestration, the project will produce ammonia with less than 35 percent of the lifecycle emissions intensity of conventional, unabated ammonia.

Woodside CEO Meg O’Neill emphasised the strategic significance of the acquisition, stating that it positioned Woodside as an early leader in the growing lower carbon ammonia market. She noted, “As a global energy provider, Woodside is focused on lower carbon ammonia and its increasingly important role in the world’s energy mix. Its potential applications span power generation, marine fuels, and industrial feedstocks, offering an alternative to higher-emitting fuels.”

O’Neill highlighted the expected surge in global ammonia demand, which is forecast to double by 2050, with lower carbon ammonia projected to account for nearly two-thirds of that total. She also pointed out that evolving decarbonisation policies could help secure a premium price for lower carbon ammonia.

“The transaction will generate returns exceeding our capital allocation framework targets, with phase 1 of the project expected to be free cash flow accretive by 2026. It also represents a material step towards meeting our Scope 3 investment and abatement targets,” O’Neill added.

The Texas-based project is currently under construction, with the first ammonia production targeted for 2025 and lower carbon ammonia production anticipated from 2026. OCI will continue to manage the construction phase through to provisional acceptance.

The total cash consideration for the acquisition is approximately $2.35 billion, inclusive of capital expenditure required to complete the first phase of the project. Woodside has already paid 80 percent of this amount, with the remaining 20 percent to be settled upon project completion.

For more information visit www.woodside.com 

OMV Petrom, the largest integrated energy producer in Southeastern Europe, has completed the acquisition of several photovoltaic projects from the Danish company Jantzen Renewables ApS. These projects, located in Teleorman County, are currently at the “ready-to-build” stage and will have an installed capacity of approximately 710 MW. These developments are among the most significant photovoltaic projects in both size and stage of development in Southeastern Europe.

The acquisition was approved by the Commission for the Examination of Foreign Direct Investments, marking a crucial step in OMV Petrom’s renewable energy expansion.

Franck Neel, a member of the OMV Petrom executive board responsible for Gas and Power, commented on the acquisition: “This acquisition marks a key step forward in OMV Petrom’s firm commitment to develop a portfolio of around 2.5 GW of installed renewable energy capacity by 2030, capitalising on strategic partnerships. We want to meet the increase in demand for green energy and remain a reliable partner for our customers, while also contributing to the security of Romania’s energy supply. Our next step is to identify the right partners with whom to build these projects.”

Christian Jantzen, co-founder and CEO of Jantzen Renewables, highlighted the significance of the deal: “Today is truly a major milestone for Jantzen Renewables, for our partners, and for the Romanian energy sector. We are proud to significantly contribute to a greener future in Romania. Our mission is to power the country’s green energy transition, and this is a vital first step for us in achieving that vision. However, this is only the beginning, and we will continue to put significant resources into our mission in the coming years.”

The photovoltaic parks will be constructed in Teleorman County, a region with strong potential for solar energy production. Over their estimated 25-year operational lifespan, these parks are expected to generate more than 20,000 GWh of electricity. The annual production will be enough to supply approximately 70 percent of Bucharest’s annual household electricity consumption. The projects have already secured access to the national power transmission grid, with current estimates suggesting they will begin supplying electricity to the grid in the second half of 2026.

For more information www.omvpetrom.com

JERA Co., Inc. has signed a Joint Collaboration Agreement with POSCO International Corporation aimed at advancing the development of low carbon fuel value chains.

The agreement outlines a collaborative framework where JERA and POSCO INT’L will work together to strengthen and accelerate the creation of a resilient value chain for low carbon fuels through several key initiatives:

• Standardising commercial frameworks.
• Optimising their ammonia portfolios by enhancing operational flexibility through joint studies.
• Engaging with both the Japanese and South Korean governments to support the establishment and expansion of low carbon fuel value chains.

This collaboration is supported by a governmental initiative known as the “Japan-ROK Hydrogen and Its Derivatives, such as Ammonia Cooperation Dialogue.” This programme fosters enhanced cooperation between Japan and the Republic of Korea in key areas related to hydrogen and ammonia, promoting broader decarbonisation efforts in the region.

Ryosuke Tsugaru, chief low carbon fuel officer of JERA, expressed enthusiasm about the partnership, stating, “We are pleased to have established another cooperative framework with POSCO INT’L, a subsidiary of a major ROK conglomerate with a significant presence in the steel industry. JERA strives for positioning us at the forefront of the energy transition in Asia by accelerating our decarbonisation efforts, not only within the power sector but also across other sectors, including Hard-to-Abate industries.”

Hyeon Park, executive vice president and head of energy business development Group at POSCO INT’L, echoed this sentiment, adding, “We are pleased to announce our strategic partnership with JERA, a leading company in Japan’s power industry. We believe that this partnership between POSCO INT’L and JERA will be beneficial to our efforts in transitioning to low carbon energy.”

Through this collaboration, JERA aims to continue playing a leading role in strengthening and diversifying low carbon fuel value chains both regionally and globally, contributing to the decarbonisation of the energy sector and addressing key energy challenges, particularly in Asia.

For more information visit www.jera.co.jp

The Troll field, located 80 kilometres northwest of Bergen in the North Sea, stands as Norway’s largest gas producer, supplying 10 percent of Europe’s total gas needs. Troll Phase 3 focuses on extracting the gas cap that lies above the oil column in Troll West while maintaining oil production. The gas produced is sent to Troll A, then integrated into the existing infrastructure for further processing and distribution.

This development involves a comprehensive scope, including engineering, procurement, construction, installation, and commissioning for topside modification. The primary goal is to prepare the Troll A platform to handle and process gas from eight newly drilled wells at Troll West.

Photo: Equinor | Øyvind Gravås and Even Kleppa

The initial stage of Troll Phase 3 was completed in 2021, during which a new module was installed on the Troll A platform to process gas from Troll West. Aker Solutions was responsible for the topside modifications and provided subsea systems for this first phase of development.

“We are excited to continue following the significant development of the giant Troll field and to move forward with the next step of Troll Phase 3. In-depth knowledge of Troll A, the equipment on the asset, and the modifications made in the first phase is essential, providing a strong foundation for executing this new scope,” said Paal Eikeseth, executive vice president and head of Aker Solutions’ Life Cycle segment.

Aker Solutions has been further entrusted with installing and preparing equipment for cleaning up the initial well fluids during the start-up phase of the new wells.

“We will have the lead responsibility for the interfaces between contractors in this project and will leverage our experience as integrators in complex energy projects, focusing on delivering high-value and optimised solutions. We are honoured to be a trusted contractor and look forward to continuing the close collaboration with Equinor on Troll,” Eikeseth added.

The engineering phase will involve multiple Aker Solutions offices. Project management, detailed engineering, procurement, and shop engineering will be handled by the Stavanger office, with support from teams in Bergen and Mumbai. Construction and prefabrication will be carried out at the company’s Egersund yard. OneSubsea, in which Aker Solutions holds a 20 percent stake, has previously been contracted to supply the subsea production system for this development.

The contract is set to commence immediately, with completion expected by the end of 2027. It will be registered as order intake for the Life Cycle segment in the third quarter of 2024.

For more information visit www.akersolutions.com

Vallourec, a global leader in premium seamless tubular solutions, has announced the signing of a significant contract with Petrobras, one of the leading players in the global energy industry. Following a competitive process, Vallourec will supply premium Oil Country Tubular Goods and accessories for Petrobras’ technically advanced Sepia 2 and Atapu 2 projects. In addition to these products, Vallourec will provide a comprehensive range of associated services, including Tubular Management Services, VAM Field Service, and its full suite of digital solutions.

This collaboration highlights Vallourec’s ability to meet the demanding technical challenges of Brazil’s deepwater pre-salt fields by delivering high-end steel grades—such as High Collapse, Sour Service, and Super Martensitic—and premium connections, including VAM 21 and VAM SLIJ-3. All products will be supplied from Vallourec’s Brazilian plants, which recently enhanced their production capabilities as part of the New Vallourec strategic plan. The contract includes the delivery of up to 25,000 tonnes of tubular products over a three-year period.

Philippe Guillemot, chairman of the board of directors and CEO of Vallourec, commented: “This contract is a clear endorsement of Vallourec’s unique positioning in one of the world’s most important oil-producing regions. It demonstrates the Company’s commitment to the Brazilian market and its ability to deliver high-value tubular solutions and services directly from its Brazilian facilities. This success is a tangible result of the New Vallourec strategic plan, which has strengthened the Company’s position in key markets to better serve its customers. We are proud to be partnering with Petrobras on this important project.”

The contract underscores Vallourec’s expertise in delivering premium solutions from its vertically integrated Brazilian facilities, further solidifying the Company’s role as a leader in the industry.

For more information visit www.vallourec.com

TotalEnergies has signed an agreement with Lewis Energy Group to acquire a 45 percent interest in dry gas producing assets in the Eagle Ford basin, Texas. This acquisition strengthens TotalEnergies’ position across the US gas value chain, following its earlier Texas Dorado acquisition in April 2024.

Located in Southwest Texas, these newly acquired assets are expected to reach a sustainable gross production of around 400 million cubic feet per day by 2028. This marks the second non-operated shale gas acquisition by TotalEnergies in 2024, after purchasing a stake in the Dorado asset, also in the Eagle Ford basin, from Lewis Energy Group earlier this year. Additionally, TotalEnergies already operates approximately 500 Mcf/d in the Barnett shale.

TotalEnergies’ commitment to expanding its natural gas operations reinforces its role as the largest exporter of US LNG. In 2023, the company exported over 10 million tonnes, benefiting from its 16.6 percent stake in the Cameron LNG plant in Louisiana. The company aims to boost its US LNG export capacity to 15 million tonnes per year by 2030.

Nicolas Terraz, president of Exploration & Production at TotalEnergies, commented, “This acquisition further strengthens our upstream gas position in the United States and contributes to our integrated LNG position with a low-cost upstream gas supply. We are delighted to partner with Lewis Energy Group, a highly efficient operator with a long-standing presence in South Texas.”

For more information visit www.totalenergies.com

Chane Terminal Geulhaven has proudly announced the completion of its latest expansion, dubbed “Phase Two,” which adds an impressive 75,000 cubic metres of storage capacity to the facility. Located in the port of Rotterdam, the terminal now boasts a total storage capacity of 150,000 cbm, with the latest phase primarily focusing on feedstocks and biofuels.

The expansion project was completed in record time, with a multidisciplinary team preparing the terminal for operation in just nine months. The official opening took place on 25 September 2024, marking a significant milestone for the terminal.

Wouter Verbeek, business unit director at Chane, emphasised the company’s commitment to safety, stating, “Safety is our highest priority, so we’re proud of the excellent safety performance we’ve achieved at this terminal.” The terminal adheres to the highest safety standards and has been further optimised for energy efficiency, featuring a state-of-the-art heating system and a power consumption monitoring system.

With this expansion, Chane Terminal Geulhaven is well-positioned to support its customers in advancing their energy transition initiatives. The company has extensive experience in the storage of sustainable fuels, both in the Netherlands and internationally, making it a key player in the burgeoning biofuels market.

Verbeek highlighted the success of the project, noting, “The construction and commissioning phases for this project have been completed without any major incidents. Now, we’re ready for operation.” He added, “A wonderful achievement from our entire team.” The expansion reflects Chane’s ongoing commitment to providing efficient and safe storage solutions while contributing to a more sustainable energy future.

For more information visit www.chane.eu

DNO ASA, the Norwegian oil and gas operator, has successfully completed a second well delineating the 2023 Heisenberg oil and gas discovery in Norwegian North Sea licence PL827SB. The well encountered a six-meter oil-filled Eocene sandstone reservoir, confirming the estimated volume of the Heisenberg discovery at 24 to 56 million barrels of oil equivalent, with a mean of 37 MMboe.

The licence partnership, which includes DNO Norge AS (holding a 49 percent stake) and operator Equinor Energy AS, is evaluating the potential for a tieback of Heisenberg to nearby infrastructure. This could be coordinated with the development of other recent discoveries in the prolific area surrounding the Troll and Gjøa production hubs, where DNO holds a strong position.

Earlier in 2023, DNO’s Cuvette discovery (DNO 20 percent) marked the company’s eighth find in the region since 2021, following discoveries at Røver Nord, Kveikje, Ofelia, Røver Sør, Heisenberg, Carmen, and Kyrre. These discoveries in the Troll-Gjøa area represent the largest share of DNO’s contingent resources in the North Sea, which totaled 132 million barrels of oil equivalent at the end of 2023.

As one of the most active explorers in the North Sea, DNO recently began drilling operations at Falstaff (DNO 50 percent and operator), with drilling at Ringand (DNO 20 percent) expected later in the autumn. Additionally, in early September, DNO submitted one of the largest applications in its history for the upcoming APA 2024 licencing round, with awards expected in the first quarter of 2025.

The Angel exploration prospect, the main target of the PL827SB well, was found to be primarily water-wet, though the well did encounter non-commercial volumes of gas.

For more information visit www.dno.no

Santos Ltd has announced its entry into the Carbon Capture Utilisation and Storage Network of Australia, marking a significant step in the company’s commitment to decarbonisation.

Global experts, including the International Energy Agency and the Intergovernmental Panel on Climate Change, have highlighted the importance of carbon capture and storage technology in achieving Net Zero emissions. By joining this pioneering network, Santos aims to enhance collaboration across the entire CCUS value chain and accelerate the deployment of CCS solutions.

Santos’ Moomba CCS project, along with the planned Bayu-Undan CCS development, will not only store carbon dioxide from its own operations but also from third-party sources. This positions Santos at the forefront of decarbonisation efforts in Australia and Asia. The company sees this as a vital step towards meeting the growing demand for low-carbon energy solutions while laying the foundation for a new industry that will generate skilled jobs and create new revenue streams for local regions.

For more information visit www.santos.com