Regions
Energy Transfer to Supply Shell 2.1 Million Tonnes of LNG per Annum from its Lake Charles LNG Export Facility Under 20-Year Agreement
Energy Transfer LP today announced its subsidiary, Energy Transfer LNG Export, LLC, has entered into a 20-year LNG Sale and Purchase Agreement (SPA) with Shell NA LNG LLC related to its Lake Charles LNG project. Under the SPA, Energy Transfer LNG will supply Shell 2.1 million tonnes of LNG per annum (mtpa). The LNG will be supplied on a free-on-board (FOB) basis and the purchase price will be indexed to the Henry Hub benchmark, plus a fixed liquefaction charge. The first deliveries are expected to commence as early as 2026. The SPA will become fully effective upon the satisfaction of the conditions precedent, including Energy Transfer LNG taking a final investment decision (FID).
L&T Wins (Large*) Contract from Indian Oil Corporation
IOCL is implementing the Panipat Refinery Expansion (P-25) Project to enhance refining capacity from 15 MMTPA to 25 MMTPA to meet the growth in demand of petroleum products and to increase their profitability and competitiveness in the long run. The engineering, procurement, construction, and commissioning (EPCC) contract is for setting up a Residue Hydrocracker Unit (RHCU) for this P-25 Project. The RHCU is licensed by Axens (France) with a capacity of 2.5 MMTPA and will upgrade the Vacuum Residue (VR) to high-value commercial products (mainly diesel). The contract is awarded through international competitive bidding on a Lump Sum Turnkey (LSTK) basis.
Technip Energies and Clough to Perform FEED for TotalEnergies Papua LNG Upstream Production Facilities
Technip Energies, leader of a consortium with Clough, has been selected to perform the Front End Engineering Design (FEED) for TotalEnergies’ Papua LNG project’s upstream production facilities in Papua New Guinea.
Hyphen Hydrogen Energy Progresses Its Planned US$10 bn Namibian Green Hydrogen Project
Hyphen Hydrogen Energy (Hyphen) is making positive progress on its discussions with the Namibian Government as it moves towards signature of the Implementation Agreement before the end of the year for its planned US$10 bn Namibian green hydrogen project. Material progress has been made since Hyphen’s last announcement at the World Economic Forum (WEF) in May this year, when it laid out an ambitious timeline to realise this transformative project.
BPCL Looks to Increase its Petrochemical Portfolio
Bharat Petroleum Corporation Ltd (BPCL) recently announced new strategies around its current businesses in its latest Annual Report, including new unit planning around its currently operating refineries.
Essar reaches new milestone in transition to low carbon operations
Essar Oil UK has achieved a new milestone in its ongoing transition to low carbon operations, following the UK Government’s decision to shortlist the construction of a new hydrogen project and separate carbon capture project at its site in Ellesmere Port, Cheshire.
Carlton Power establishes partnership to develop hydrogen project in Barrow-in-Furness
A new private-public sector partnership has been established to build Cumbria’s first low-carbon hydrogen hub to provide local businesses - for example energy intensive industries or those with transport fleets – with easy access to hydrogen fuel. Hydrogen is expected to play a major role over the next 20-30 years in reducing the UK’s CO₂ emissions, helping the country’s journey towards Net Zero. The proposed 35MW commercial hydrogen hub, located on industrial-zoned land in Barrow-in-Furness - is being brought forward following the signature of a Memorandum of Understanding between Carlton Power, one of the UK’s most experienced energy infrastructure development companies and local stakeholders, comprising the Cumbria Local Enterprise Partnership, Barrow Borough Council, Cadent and Electricity North West.
Wood to Engineer Europe’s Most innovative Olefin Complex
Wood has secured a new contract with INEOS in excess of $100 million to deliver engineering, procurement, and construction management (EPCm) services for Project One, a new state-of-the-art petrochemicals complex in Antwerp, Belgium, which will deliver an ethane cracker with the lowest carbon footprint in Europe.
NFE enters agreement with Plug Power for 120 MW green hydrogen plant on Gulf Coast
New Fortress Energy Inc. announced today that it has entered an agreement with Plug Power Inc., a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, for a 120 megawatt industrial-scale green hydrogen plant near Beaumont, Texas.
Southern Rock Energy Partners Proposes $5.6 Billion Dollar Refinery in Texas
Prairie Energy Partners, a subsidiary of Southern Rock Energy Partners LLC of Texas, has proposed a $5.6 billion-dollar new build refinery to be placed near Victoria, Texas. This site would have an eventual capacity of 250,000 barrels per day.
ScottishPower vision for Green Hydrogen fuels hub at Port of Felixstowe
ScottishPower, with Hutchison Ports, is exploring the opportunity to develop, build and operate a multi-hundred MW green hydrogen production facility at the Port of Felixstowe – with the potential to decarbonise industry and transportation in the region. Both companies have set out their vision to help create a greener port, which could provide clean fuel for customers at Britain’s busiest container port.
Centrica Signs LNG Heads of Agreement with Delfin
Centrica plc and Delfin Midstream Inc. today announced the signing of a Heads of Agreement to purchase 1.0 million tonnes per annum (MTPA) of Liquefied Natural Gas for 15-years on a Free on Board (“FOB”) basis at the Delfin Deepwater Port, located 40 nautical miles off the coast of Louisiana.
BP to Sell Interest in BP-Husky Toledo Refinery to Cenovus
BP has reached an agreement to sell its 50% interest in the bp-Husky Toledo Refinery in Ohio to Calgary-based Cenovus, its joint venture partner in the facility.
Heliogen And Dimensional Energy Announce First-Of-Its-Kind Collaboration To Produce Carbon-Free Sustainable Aviation Fuel From Concentrated Sunlight And Green Hydrogen
Heliogen, Inc., a leading provider of AI-enabled concentrated solar energy technology, today announced it has entered into a letter of intent (LOI) with Dimensional Energy, a sustainable fuels company, to jointly produce sustainable aviation fuel (SAF) at Heliogen’s concentrated solar thermal demonstration facility in Lancaster, Calif. This first-of-its-kind collaboration aims to create a reserve of jet fuel created from sunlight and air to enable the rapid decarbonization of the aviation industry.
Eni Acquires the Tango FLNG to Produce and Export LNG from the Republic of Congo
Eni informs that it has acquired the company Export LNG Ltd, which owns the Tango FLNG floating liquefaction facility, from Exmar group. The facility will be used by Eni in the Republic of Congo, as part of the activities of the natural gas development project in the Marine XII block, in line with Eni's strategy to leverage gas equity resources.
Aramco and Sinopec sign MoU to collaborate on projects in Saudi Arabia
audi Arabian Oil Company (“Aramco”) today signed a Memorandum of Understanding (MoU) with China Petroleum & Chemical Corporation (Sinopec) covering multiple areas of potential collaboration between the parties in Saudi Arabia.
Pacific Energy and Enbridge Announce Partnership in Woodfibre LNG
Pacific Energy Corporation Limited and Enbridge Inc. announced an agreement to jointly invest in the construction and operation of the Woodfibre LNG project.
Shell and Shenergy form joint venture to develop hydrogen refuelling network in China
Shell (China) Limited and Shanghai Shenergy Innovation and Development Co., Ltd., an affiliate of Shenergy (Group) Co., Ltd., have signed an agreement to form a joint venture, namely Shanghai Shenergy and Shell New Energy Company Limited. Through the new joint venture, the two parties will invest to build a network of hydrogen refuelling stations in Shanghai, Shell’s first hydrogen refuelling network in Asia.
Iberdrola and bp to collaborate to accelerate EV charging infrastructure and green hydrogen production
Iberdrola and bp today announced their intention to form a strategic collaboration aiming to help accelerate the energy transition. Together, the companies intend to collaborate to significantly expand fast EV public charging infrastructure to support the adoption of electric vehicles, as well as to develop large scale green hydrogen production hubs in Spain, Portugal and the UK.
Petrochina Launches $4.52 Billion Complex Expansion
According to Chinese state media, PetroChina has begun a program to expand an existing refinery in south China into an integrated petrochemicals complex. The costs for this expansion was reported to be $44.52 billion USD.
INEOS and SINOPEC Sign Three Significant Petrochemical Deals with an Aggregate Value of $7 Billion
INEOS and SINOPEC have today signed three back-to-back deals worth a combined value of $7bn. These landmark agreements are expected to generate a combined turnover of around $10bn from 7 million tonnes of capacity. The three agreements will significantly reshape INEOS’ petrochemicals production and technology in China.
NextDecade Announces 1.0 MTPA LNG Sale and Purchase Agreement with ExxonMobil
NextDecade Corporation announced today the execution of a 20-year sale and purchase agreement (“SPA”) with ExxonMobil LNG Asia Pacific, an ExxonMobil affiliate, for the supply of liquefied natural gas from NextDecade’s Rio Grande LNG export project in Brownsville, Texas.
Funding decision for hydrogen pilot project in Krummhoern natural gas storage facility received
Uniper Energy Storage will test the construction and operation of a new salt cavern specifically built for hydrogen storage on a large scale and in a real-world environment at the natural gas storage facility in Krummhoern, Northern Germany, which has not been used commercially since 2017. For this purpose, a new pilot cavern will be sol-technically constructed using an existing well. During the trial operation, equipment and materials will be examined for hydrogen compatibility, and experience will be gained in the storage of exclusively green hydrogen in a salt cavern and its delivery and further use.
Cheniere and PTT Sign Long-Term LNG Sale and Purchase Agreement
Cheniere Energy, Inc. announced today that its wholly-owned subsidiary, Corpus Christi Liquefaction, LLC has entered into a long-term liquefied natural gas sale and purchase agreement (“SPA”) with PTT Global LNG Company Limited, a wholly-owned subsidiary of PTT Public Company Limited, Thailand’s largest state-owned, multinational energy company.
Unigel installs the first industrial-scale green hydrogen production site in Brazil using thyssenkrupp nucera technology
Unigel installs the first industrial scale green hydrogen plant in Brazil. The company, which is one of the largest chemical companies in Latin America and the largest manufacturer of nitrogen fertilizers in Brazil, invests a total of US$ 120 million in the development of the production site for green hydrogen. Unigel relies on the world-leading technology of thyssenkrupp nucera.
Large-volume electrolysis plant is to be built in Burgenland
The largest electrolyser in Austria to date will be built in Burgenland. When fully expanded, 40,000 tons of green hydrogen will be produced from 300 MW of wind and solar energy . This makes the project – initiated by Burgenland Energie together with VERBUND and partners – one of the largest hydrogen projects, even in a European comparison. In a joint press conference, Climate Protection Minister Leonore Gewessler, Governor Hans Peter Doskozil, VERBUND CEO Michael Strugl and Burgendland Energie CEO Stephan Sharma presented the joint plans. Green hydrogen is an important step towards energy independence and climate neutrality, as is unanimously emphasized.
Borealis announces the start-up of New Ethane Cracker at its Joint Venture Baystar in Port Arthur, Texas
Bayport Polymers LLC (“Baystar”), a 50/50 joint venture (JV) between Borealis and TotalEnergies, today announces the start-up of commercial operations of a new ethane cracker with an annual production capacity of one million tons of ethylene.
Enagás and OMERS Infrastructure Close the Joint Sale of their Stakes in Chilean Company GNL Quintero
Enagás Internacional, through its subsidiary Enagás Chile, and OMERS Infrastructure, have closed the joint sale of their respective stakes in Chilean LNG regasification terminal, GNL Quintero, as Enagás announced in its 2022-2030 Strategic Plan presentation on July 12.
Technip Energies Awarded a Significant Contract by Neste for Renewable Products Refinery Expansion in Rotterdam
Technip Energies (PARIS:TE) has been awarded a significant(1) contract by Neste for the expansion of their renewable products production capacity in Rotterdam, the Netherlands, as part of the existing Partnership Agreement between Technip Energies and Neste.
BASF confirms final phase of MDI expansion at Geismar Verbund site
BASF is moving forward with the final phase of the expansion project for the methylene diphenyl diisocyanate (MDI) plant at its Verbund site in Geismar, Louisiana. With this third step of its multiphase capacity expansion, BASF will increase production capacity to 600,000 metric tons per year by the middle of the decade and support the ongoing growth of its North American MDI customers. The company kicked off the expansion project in 2018 with a staggered approach consisting of three investment phases. The investment in the final expansion phase from 2022 to 2025 amounts to $780 million.
