TOP STORIES OF THE WEEK
Power2X acquires hydrogen developer HyCC to accelerate clean molecule delivery in NL and NW Europe
Power2X, an industry leader in clean molecule projects and industrial decarbonisation, has announced the acquisition of HyCC, the Netherlands-based large-scale green hydrogen project developer. The acquisition strengthens Power2X's position as a clean molecules leader, focused on clean fuels and feedstocks for industries in the Netherlands and Germany.
The deal creates greater scale and efficiencies, reflecting the consolidation of the clean molecules sector as projects transition from early development into large-scale delivery. HyCC has developed a strong portfolio of hydrogen and clean molecules projects in the Netherlands and Germany in locations including Amsterdam, Delfzijl and Rotterdam. In the combined company, these projects will b…
AD Ports Group and Nimex Terminals break ground on UAE’s first private-sector LPG terminal hub at Khalifa Port
AD Ports Group, a leading global enabler of trade, industry, and logistics solutions, and Nimex Terminals have marked the groundbreaking of the UAE's first private-sector Liquified Petroleum Gas (LPG) terminal hub at Khalifa Port, reinforcing the nation's position as a global energy logistics and trading hub.
Announced in November 2025 alongside the LNG terminal hub development, the LPG terminal hub is being developed to accommodate large, long-haul gas carriers and will deliver large-scale refrigerated storage and marine handling infrastructure for propane, butane, and LPG mix products.
The development will further strengthen the UAE's role in facilitating global LPG flows between major production centres and high-growth demand markets ac…
Vopak announces a multi-year share buyback programme of up to EUR 500 million and commences the first tranche of up to EUR 100 million
Vopak has announced its intention to commence a multi-year share buyback programme of up to EUR 500 million, expected to be executed by year-end 2030 in multiple tranches. The share buyback programme is part of Vopak's shareholder distributions programme of around EUR 1.7 billion through year-end 2030.
In addition to the multi-year share buyback programme, Vopak has enhanced its progressive dividend policy, through which the company intends to increase its dividend per share by 5 percent or more annually. Further details are available in the FY 2025 press release published on 25 February 2026.
The first tranche of the multi-year share buyback programme, of up to EUR 100 million, will commence on 26 February 2026 and end no later than 26 Fe…
Technip Energies awarded a significant contract for the Coral Norte floating LNG project in Mozambique
Technip Energies, in partnership with JGC Corporation and Samsung Heavy Industries, has been awarded a significant contract by Mozambique Rovuma Venture, a joint venture in which Eni holds participation, to advance work on the Coral Norte Floating Liquefied Natural Gas project offshore Mozambique.
The project represents the deployment of Mozambique’s second floating LNG facility and marks a further milestone in the development of the country’s offshore gas resources. The newly awarded contract builds on previously announced early works and confirms continued progress across Technip Energies’ scope on Coral Norte.
Development has advanced rapidly through early works and the adoption of a replica concept, with the hull launched on January 16…
VTTI Panama wins AMPP Project Award for its “tank-within-a-tank” solution
VTTI Panama has been recognised with a 2026 Project Award from Association for Materials Protection and Performance (AMPP) for Excellence in the Management of a Complex Materials Protection Project, highlighting its innovative “tank-within-a-tank” solution.
The award acknowledges the successful restoration of an 80-year-old underground concrete tank to safe and reliable service. The 50,000-barrel diesel tank, originally constructed in 1942, had experienced recurring integrity challenges for nearly a decade, with conventional repair methods failing to provide a lasting solution.
Rather than decommissioning the asset, the team implemented an alternative engineering approach: installing an internal liner to create a fully engineered containme…
