Vulcan Energy has commenced installation of the first section of the interconnected pipeline and power (ICPP) infrastructure for its flagship Lionheart Project in Germany's Upper Rhine Valley, marking a significant milestone in the development of an integrated geothermal energy and lithium production network. The first pipeline section will connect the company's existing geothermal power plant in Insheim with its Schleidberg well site, forming the initial phase of a broader infrastructure network designed to transport geothermal brine and industrial water between production wells and processing facilities. The ICPP will comprise an extensive network of pipelines and power infrastructure that underpins the Lionheart Project's integrated geo…

bp has completed the sale of its Gelsenkirchen refinery and related businesses in Germany to Klesch Group, marking another step in the company's strategy to streamline its downstream portfolio and strengthen capital allocation. The transaction is expected to reduce bp's underlying operating expenditure by approximately US$1 billion while supporting its focus on disciplined investment and a more streamlined asset base. Based on historical performance, the sale is expected to be free cash flow accretive, with the associated assets and liabilities transferring to Klesch Group. According to Richard Harding, bp's interim executive vice president of Downstream, the divestment strengthens the company's balance sheet and simplifies its portfolio, …

Zuidnatie is expanding its operations in the Port of Antwerp with the acquisition of a new 40,000-square-metre concession previously operated by Somex, reinforcing its long-term growth strategy and increasing operational capacity. Located opposite the company's South Terminal, the new concession is set to undergo development works from 1st January 2027. The expansion comes as Zuidnatie's existing South Terminal approaches its operational capacity, providing much-needed additional space to support current and future business activities. During the initial phase, the new terminal will be used for non-water-related logistics operations, including the handling and storage of containers carrying a diverse range of cargo. The additional space is…

MOL Group has strengthened its international exploration & production (E&P) portfolio by signing an agreement with Shell to acquire BG Cyprus Ltd., Shell's wholly owned subsidiary that holds a 35 percent non-operated interest in Cyprus Offshore Block 12. The block contains the Aphrodite gas field, one of the Eastern Mediterranean's most significant natural gas developments. The acquisition represents the most significant growth opportunity for MOL Group's E&P business since the company acquired a stake in the Azeri-Chirag-Gunashli (ACG) field in Azerbaijan in 2019, further expanding its presence in strategically important energy markets. The Aphrodite project is a deepwater gas development estimated to contain approximately 104…

Advario has been recognised for its commitment to operational safety after its North American team received the 2026 Safety Excellence Award from the International Liquid Terminals Association (ILTA). The annual award, presented by ILTA, the leading industry association representing the bulk liquid terminal sector, recognises terminal operators that consistently demonstrate outstanding safety performance and maintain high standards in health, safety and operational excellence. The recognition highlights Advario's continued focus on safe and reliable terminal operations across its North American network. The company's facilities play an important role in ensuring the secure storage and timely distribution of essential bulk liquid products, …