Terminals

The global drone market is set to grow from US$13.7 billion in 2021 to US$89.6 billion in 2030, aided by significant adoption in the oil and gas industry.

TotalEnergies has been selected as the first international partner in the 16 million tpy North Field South (NFS) LNG project.

According to a new report by the IEF and S&P Global, global oil refining capacity dropped for the first time in 20 years in 2020 and again in 2021, exacerbating tight markets and volatile prices for fuels such as gasoline and diesel.

McDermott, together with its storage business, CB&I, has been awarded a FEED contract from Gunvor Petroleum Rotterdam B.V. for a green hydrogen import terminal project.

Fluxys, Advario Stolthaven Antwerp and Advario Gas Terminal have joined forces to study the feasibility of building an open-access green ammonia import terminal at the Port of Antwerp-Bruges in Belgium.

Shell NA LNG LLC and Energy Transfer LNG Export LLC have signed a 20-year LNG sale and purchase agreement (SPA) for the offtake of 2.1 million tpy of LNG from the Lake Charles LNG project.

Freeport LNG Development L.P. has completed a detailed assessment of alternatives for resuming operations at its liquefaction facility.

The House of Representatives is set to take up the Inflation Reduction Act of 2022 that covers tax, energy, climate and other issues that impact the refining and petrochemical industries. After careful review, AFPM opposes this legislation.

Effective 8 August 2022, Limetree Bay Terminals is now doing business as Ocean Point Terminals. Ocean Point Terminals is an energy logistics hub, strategically located in the Caribbean on the island of St. Croix, U.S. Virgin Islands.

United Energy Corp. has announced 100% acquisition of Integrity Terminals, LLC., adding to its previous minority ownership stake of 12%.

Freeport LNG Development and the PHMSA have entered into a Consent Agreement related to the 8 June 2022 incident at Freeport LNG's liquefaction facility.

Wood Mackenzie reports that market growth has staggered for global energy storage, with cumulative storage deployments expected to reach 500 GW by 2031.

CyberFuels has signed an LOI with an energy company that has a patented process for producing green hydrogen. The LOI calls for the prototype of the commercial units to be placed at the new CyberFuels Gateway Terminal in Florida, US.

From July 2022, Vitol Bunkers has extended its bunkering services to Jebel Ali (the largest container port in the Middle East) and to Port Rashid Cruise Terminal, Dubai, UAE.

Technip Energies Loading Systems will supply a marine loading arm to TotalEnergies as part of the floating storage and regasification unit (FSRU) project in Le Havre, France.