Phillips 66 has announced plans to proceed with the development of the Zeus Gas Plant and a third Coastal Bend Fractionator, two projects aimed at strengthening the company’s integrated wellhead-to-market strategy by expanding gas processing capacity in the Permian Basin and natural gas liquids (NGL) fractionation capabilities along the Gulf Coast. The Zeus Gas Plant will be a 300 MMcf/d gas processing facility located in the Permian Basin. The project will also include the new Midland Express (MEX) Pipeline, an approximately 45-mile, 20-inch pipeline designed to integrate Phillips 66’s Permian Basin gathering systems. Expected to begin operations alongside the Zeus plant, the MEX Pipeline will have the capacity to transport up to 230 MMcf/…

Royal Vopak CEO Dick Richelle participated in a high-level CEO roundtable bringing together Prime Minister Narendra Modi of India and Dutch Prime Minister Rob Jetten alongside senior business leaders from both countries. The gathering highlighted the deepening bilateral relationship between India and the Netherlands. Richelle’s presence at the roundtable reflects Royal Vopak’s growing footprint in the Indian market. Through its joint venture with Aegis Logistics Limited, Aegis Vopak Terminals Limited (AVTL), the company has built what it describes as India’s largest third-party LPG and liquid storage operation. AVTL currently manages approximately 1.7 million cubic meters of liquid storage and 225,000 MT of LPG storage capacity across six s…

Glenfarne Group subsidiary Glenfarne Alaska LNG LLC and ConocoPhillips Alaska have signed a gas sales precedent agreement to supply natural gas from Alaska’s North Slope for Phase One of the Alaska LNG project. The thirty-year agreement establishes the commercial framework for ConocoPhillips to supply natural gas to the project and marks a significant milestone for the development. According to the companies, Alaska LNG has now secured sufficient precedent agreements to support a Phase One final investment decision while providing enough natural gas to meet Alaska’s long-term energy needs. Glenfarne is advancing the Alaska LNG project in two financially independent phases to accelerate execution and development timelines. Phase One include…

Gibson Energy Inc.has completed its previously announced acquisition of Teine Energy Ltd.’s Chauvin Infrastructure Assets in a transaction valued at $400 million. The acquisition includes a crude oil gathering pipeline system and related infrastructure linking Chauvin to the Hardisty oil hub, expanding Gibson Energy’s strategic presence in the region and strengthening its portfolio of contracted infrastructure assets. According to the company, the newly acquired assets are supported by long-term take-or-pay and area-of-dedication agreements with Teine Energy, reinforcing the stability and predictability of future cash flows. Riley Hicks, senior vice president and chief financial officer of Gibson Energy, described the acquisition as a sign…

INEOS Energy and Shell plc, through its subsidiary Shell Offshore Inc., have agreed to jointly invest in exploration and development opportunities near the Appomattox platform in the Gulf of Mexico, strengthening cooperation between the companies and supporting long-term energy security initiatives. As part of the agreement, INEOS Energy will acquire a 21 percent working interest for an undisclosed sum, aligning with its existing ownership stakes in Appomattox, Rydberg, the Nashville discovery and the Mattox pipeline infrastructure. The partnership will initially focus on three exploration and production opportunities, including Shell’s pre-final investment decision (FID) Fort Sumter discovery, the drilling of the Sisco exploration well an…