Oil and gas discover volumes drop to new lows

The conventional oil and gas exploration spending is expected to top $50bn this year, the highest level since 2019, but discovered volumes are plummeting to new lows. Norwegian energy intelligence firm Rystad Energy has estimated that 2.6bn barrels of oil equivalent (boe) were found in the first half of 2023, down 42% compared to 4.5bn

TERI, Shell report calls India to develop low-carbon alternatives

A joint report by The Energy and Resources Institute (TERI) and Shell titled “India transforming to a net-zero emission energy system: A call to action to 2030” has highlighted the need for increasing electrification in ‘energy end use’ sectors and meeting electricity demand increasingly from non-fossil sources. These are among other measures that India should

FedEx introduces FSI tool for carbon measurement

FedEx  launched a new tool to help customers understand about the carbon emissions of their shipment. Through this new tool- FedEx Sustainability Insights (FSI), can measure carbon footprint of their shipments within the FedEx network. They can use the data to help make informed decisions on their future shipping strategy to reduce their impact on

India will emerge as global RE powerhouse: R K Singh

India is poised to establish itself as one of the largest solar module manufacturers in the world and is witnessing the fastest growing capacity in renewable energy, said Raj Kumar Singh, Union minister of power and renewable energy. Speaking at an event in Delhi, the minister highlighted India’s impressive strides in the renewable energy sector,

EMRC, Woodside Energy to test technologies to convert GHGs into products

The Eastern Metropolitan Regional Council (EMRC) in Australia has been working collaboratively with Woodside Energy (Woodside) on a proposal that aims to transform greenhouse gases into useful products. Together, the EMRC and Woodside are progressing a proposal to develop the Carbon to Ethanol Pilot Plant (Pilot Plant) on land owned by the EMRC at the

Walmart partners with Rubi Laboratories to turn CO2 into clothes

Walmart Inc. teamed up with a California startup Rubi Laboratories to test technology that can turn carbon dioxide into clothes. The CO2 is captured from the retail giant’s supply chain. The partnership between Walmart and Rubi will explore the innovative carbon capture technology that transforms CO2 from manufacturing waste streams into textiles. This initiative perfectly

Vedanta achieves 30% cut in green house gas emissions

Vedanta Ltd. said it has achieved about 30% reduction in green house gas (GHG) emissions across units since 2021. According to the company, its subsidiary Hindustan Zinc Ltd. is looking at 50% reduction by 2025. The company, which is into mining and natural resources, officially created an ESG vertical during the pandemic. Out of its

World won’t end if it warms by more than 1.5 degrees: New IPCC head

The newly appointed head of the UN’s Intergovernmental Panel on Climate Change (IPCC), Jim Skea, spoke to two major German news outlets. Skea warned against laying too much value on the international community’s current nominal target of limiting global warming to 1.5 degrees Celsius compared to the pre-industrial era. Surpassing that mark would lead to

IndiGo cuts down carbon emissions by 20%

IndiGo which operates over 300 Airbus and ATR aircraft, said carbon dioxide emissions per available seat kilometre was 59.5 grams in FY 2023 compared to 74.6 grams in FY 2016.

Mexico-India unlocking opportunities in the crude oil sector

Mexico’s prominence as a crucial supplier of crude oil to India has steadily grown, making India the third largest market for Mexican crude oil. Despite fluctuations in value due to international prices, the export volume to India continues to rise, with immense potential for further growth. India purchased a substantial $3 billion worth of crude