Biden Rejects Oil Refineries Seeking Biofuel-Blending Exemptions

The Environmental Protection Agency’s decision is a blow to 15 unidentified small refineries that had sought the waivers from requirements to blend renewable fuels into gasoline and diesel, arguing the mandates were too costly. However, the agency determined none of the 26 rejected applications demonstrated they experienced disproportionate economic hardship caused by their compliance with

India reimposes tax on domestic crude production

The government has reimposed a tax of 1,600 rupees/t ($2.66/bl) on domestic crude output from 15 July, after slashing it to zero on 16 May. The federal government revises the windfall tax rates every two weeks but had kept the levy at zero over the last two months. India has reimposed the windfall tax even

ONGC, Oil India placed bids for oil blocks

According to a notification by the Directorate General of Hydrocarbons (DGH), a total of 13 bids have been placed for the 10 blocks, out of which ONGC has placed nine bids and others have placed one bid each.

IATA releases netzero tracking methodology

The methodology and related reporting process were developed with industry experts. IATA will aggregate and report annually inputs from its member airlines on an industry basis. After thorough validation, aggregate industry data from the previous calendar year will be reported annually in the fourth quarter of each year.

EIB, ADB, WB to provide $27 bn for green energy

The Asian Development Bank (ADB) has recently conveyed their intent to provide $20–$25 billion over five years to aid India’s aspirations for green growth.

Russia oil discount to India decline, but shipping charges remain high

Shipping costs of $11-19 a barrel from Russian ports to India – some of it on 100+ tankers allegedly acquired by Russian actors for shadow fleets – are higher than rates for comparable distances, such as the Persian Gulf Travel from to Rotterdam

Co-firing technology using ammonia may produce more emissions

Using ammonia and hydrogen alongside fossil fuels in power plants may result in more emissions than simply burning coal or gas, a new study found, adding to scepticism over a decarbonisation technology being embraced by some Asian nations.

Saudi Arabia and France agree to cooperate on energy sector

They also agreed to work together to improve energy efficiency and to strengthen their cooperation in the areas of nuclear energy in "a peaceful and safe framework," the management of radioactive waste, and nuclear applications.

NIT Jamshedpur collaborates with TIFAC

NIT Jamshedpur, in collaboration with the Technology Information, Forecasting, and Assessment Council (TIFAC), organised a specialized brainstorming session on its campus aimed at reducing carbon emissions. The session, which focused on decarbonizing hard-to-abate sectors, brought together esteemed individuals from academia and research institutes, with a particular emphasis on the steel and cement industries—the major contributors

Subsea 7 to work together with EnBW for green offshore concepts

Under a memorandum of understanding the two partners will explore the technical and commercial elements of green offshore hydrogen production, from both pilot and commercial scale facilities, considering bottom-fixed and floating options.