Tanks & terminals

I Squared Capital has announced that it has entered into an agreement to acquire Philippines Coastal Storage and Pipeline Corp. and its affiliate entities.

Trafigura has completed the acquisition of 50% of the shares in Meroil Tank S.L. (Meroil Tank) from the oil operator Meroil S.A., for an undisclosed sum, following the receipt of the applicable regulatory approvals.

Wood has been awarded the front-end engineering design (FEED) contract for the development of Singapore’s second LNG terminal by Singapore LNG Corp. (SLNG).

Eni and the government agency Japan Organisation for Metals and Energy Security (JOGMEC) have signed a Memorandum of Cooperation (MoC) with the aim of collaborating in the gas and LNG field to increase diversification of supply sources.

ExxonMobil, on behalf of Mozambique Rovuma Venture, has selected Chart's IPSMR® liquefaction technology and proprietary equipment for the Rovuma LNG project.

TotalEnergies, Equinor and Shell have announced that Northern Lights Joint-Venture facilities in Norway has been completed and is ready to store CO2.

The US Energy Information Administration (EIA) has reported that US net natural gas exports remained flat in the first half of 2024.

Wärtsilä Gas Solutions will supply reliquefaction systems for retrofit installation onboard FSRUs owned by Excelerate Energy.

ExxonMobil Basestocks is expanding its service to better meet customer demand for Group I, Group II and Group II+ products by opening a new supply terminal in Dagenham, UK.

GAS Entec with its group company, AG&P and local partners Issa Haddadin, has been awarded a contract to build the Sheikh Sabah Al-Ahmad Al-Jaber Al Sabah onshore regasification LNG Terminal at Port of Aqaba in the Kingdom of Jordan.

Natural gas storage injections have remained below the five-year average so far for the 2024 summer.

Baker Hughes has been awarded a multi-year services frame agreement by Woodside Energy to support Australian LNG operations.

Aramco and Sempra have announced a Heads of Agreement for equity and offtake from Port Arthur LNG Phase 2.

Argent LNG has selected Chart Industries' mid-scale modular liquefaction solution for its upcoming 20 million tpy LNG facility in Port Fourchon, Louisiana, US.

Despite lower prices, the growing global LNG market remains tight amid supply constraints, according to the 2024 IGU World LNG Report.