IOCL agrees for oil supply contracts with Petrobras, Ecopetrol

State-owned Indian Oil Corp. Ltd. has inked long-term oil supply contracts with Brazil’s Petroleo Brasileiro SA (Petrobras) and Colombia’s state-run Ecopetrol SA, boosting the country’s energy security. The contract with Petrobras for 1.7 million metric tonne per annum (mmtpa) was inked during India’s petroleum and natural gas secretary Pankaj Jain visit to Brazil last week

HPCL-Mittal Energy to start bio-ethanol plant in Bathinda

India’s HPCL-Mittal Energy Ltd will start up a bio-ethanol plant at its Bathinda refinery in northern India in 2023 as part of measures to reduce its carbon emissions. The plant will be operational next year. HMEL is a joint venture between state-run Hindustan Petroleum Corp Ltd and Mittal Energy Investments. India, the world’s third-biggest oil

Clean energy marine hubs initiative gets support from five countries

Panama, Norway, Canada, the United Arab Emirates and Uruguay have come out in support of the brand-new Clean Energy Marine Hubs Initiative. Launched at the Clean Energy Ministerial (CEM) in Pittsburgh, the initiative has seen the International Chamber of Shipping (ICS), the International Association of Ports and Harbors (IAPH) and the Clean Energy Maritime Taskforce

Fratelli Cosulich selects shipyard for its first ammonia bunker vessel

Fratelli CosulichFratelli Cosulich Bunkers Singapore has signed a memorandum of understanding with Nantong CIMC Sinopacific Offshore & Engineering Co (CIMC SOE), a subsidiary of CIMC Enric Holdings, for the construction of an ammonia bunker tanker. The deal comes almost a year after the Italian owner teamed up with compatriot classification society RINA and Singapore’s ship

New concept design developed for ammonia-ready LNG-fuelled VLCC

A partnership between China Merchants Energy Shipping (CMES), TotalEnergies, Dalian Shipbuilding Industry Co (DSIC) and French membrane containment system designer GTT has developed a new concept design for an ammonia-ready LNG dual-fuelled very large crude carrier (VLCC). The project, launched in 2021 to evaluate the environmental, financial, technical and regulatory implications, resulted in a new

Manor Renewable Energy doubles CTV fleet

UK-based Manor Renewable Energy (MRE) has acquired German crew transfer vessel (CTV) owner and operator Opus Marine for an undisclosed sum. Established in 2006, the Hamburg-based Opus operates in the German and Taiwanese offshore wind sectors. The acquisition will see MRE’s fleet double from eight to sixteen CTVs, the majority of which are certified for

Mexico to build LNG hub

Mexico plans to build an LNG export hub worth between $4 billion and $5 billion in the Gulf of Mexico that will help serve European demand. The planned LNG facility in the port of Coatzacoalcos, in the eastern state of Veracruz, would transport gas by boat to Europe. Mexico does not yet commercially export LNG,

AI research foresees algae as likely alternative energy source

Texas A&M AgriLife Research scientists are using artificial intelligence to set a new world record for producing algae as a reliable, economic source for biofuel that can be used as an alternative fuel source for jet aircraft and other transportation needs. The team’s findings were published in January in Nature Communications. Ongoing research is funded

Tata Motors to expand its portfolio with alternative fuels

Tata Motors, one of top automotive companies in India, plans to expand its portfolio of commercial vehicles run by alternative fuel, said the company’s top official. There are six types of alternative fuels available in India — CNG, Compressed Biogas (CBG), autogas (LPG), ethanol-blended petrol, biodiesel and hydrogen energy. The company, he said, has been

Prime Capital’s JV to build green hydrogen plant in Finland

Prime Capital is establishing a joint venture to build and operate a green hydrogen and methane plant in Finland, with a total capacity of over 1GW. The Prime Green Energy Infrastructure Fund (PGEIF), managed by Prime Capital, has entered into a joint venture with CPC Finland to develop the project with an electrolyser capacity of