TOP STORIES OF THE WEEK
Baker Hughes completes acquisition of Chart Industries
Baker Hughes Company has completed its acquisition of Chart Industries, Inc., marking a key milestone in the company's strategy to strengthen its position as an industrialised energy solutions provider. The acquisition is expected to enhance Baker Hughes' long-term earnings and cash flow by expanding its industrial portfolio and increasing its recurring aftermarket service offerings.
The addition of Chart's thermal management technologies and service capabilities complements Baker Hughes' existing portfolio and broadens its presence across a wider range of energy and industrial markets.
"Chart's thermal management solutions bring complementary capabilities and aftermarket service offerings that accelerate our portfolio strategy," said Bake…
VIDA bioenergy marks gas-to-grid milestone at Wormslade
VIDA bioenergy has begun commercial operations at its Wormslade biogas facility in the United Kingdom following the successful injection of biomethane into the national gas grid, marking a key milestone in the project's development.
The achievement enables the facility to begin supplying renewable biomethane to the UK gas network and represents a significant step in the company's efforts to expand renewable gas production across Europe.
"Wormslade demonstrates our commitment to delivering sustainable energy solutions that create value for local communities and support the UK's decarbonisation ambitions," said Lars Boetje, CEO of VIDA bioenergy. "The successful injection of biomethane into the UK gas grid is a defining milestone for the Wor…
PETRONAS and Shizuoka Gas reinforce longstanding LNG partnership
PETRONAS LNG Ltd. (PLL), a subsidiary of Petroliam Nasional Berhad (PETRONAS), has signed a new liquefied natural gas sale and purchase agreement with Japan's Shizuoka Gas Co., Ltd., extending a commercial partnership that has spanned three decades and reinforcing both companies' commitment to long-term energy security.
Under the agreement, PETRONAS LNG will supply approximately 0.84 million metric tonnes (MMT) of LNG over a seven-year period beginning in 2032. The company said the supply will be sourced from its diversified global LNG portfolio, providing Shizuoka Gas with greater flexibility and reliability to meet evolving energy demand amid changing market conditions.
The agreement reflects increasing demand for flexible LNG supply arr…
MAIRE wins €1.3bn contract for Argentina fertiliser complex
MAIRE has secured a major engineering, procurement and construction (EPC) contract for the development of a large-scale fertiliser complex in Argentina through its Integrated E&C Solutions subsidiary, Tecnimont. The contract was awarded by Fértil Pampa S.A.U., a wholly owned subsidiary of Pampa Energía S.A.
The project will deliver what is set to become the largest urea production facility in Latin America. Located on an 80-hectare site within the Bahía Blanca Industrial Complex in Buenos Aires Province, the complex will comprise a large-scale ammonia plant and two parallel ultra-low energy (ULE) urea production trains, each equipped with its own granulation unit.
With a combined production capacity of 6,000 metric tonnes of urea per d…
Altrad Services APAC expands order book by A$140 million through new contract awards and renewals
Altrad Services APAC has announced a series of new contract awards and key renewals across its core operating segments, increasing its order book by A$140 million.
The latest portfolio of work spans four key sectors: fabrication, defence, mining and oil and gas, reflecting the company’s broad service offering and continued focus on delivering integrated industrial solutions.
In the fabrication sector, Altrad Services APAC will support offsite structural and modular packages, including multi-year contract renewals as well as brownfield and new project scopes.
The company’s defence activities will include industrial services across multiple naval vessel programmes, supporting national shipbuilding initiatives. In the mining sector, Altrad Se…
