Gas processing - 11 June 2025

Deliveries of oil products from Exolum terminals to the Spanish market increased by 2.7% in May 2025 compared to the same period in 2024.

The contracts involve expanding key processing units to increase throughput and improve operational efficiency across four ADNOC Gas Facilities: Asab, Buhasa, Habshan (Onshore), and the Das Island liquefaction facility (Offshore).

National Gas has secured £500 000 from Ofgem to develop a new type of underground hydrogen storage, which could see a pilot project built in 2026.

The contract value includes pass through revenue, with Wood anticipated to recognise US$400 million of revenue through EPCm services.