Scorpio Tankers signs an MoU with Carbon Ridge on development of onboard carbon capture

Scorpio Tankers Inc. announces that the Company has entered into a Memorandum of Understanding with Carbon Ridge LLC to collaborate on the development of onboard carbon capture for maritime vessels. Carbon Ridge is a US-based startup working to commercialize existing gas separation technology without the need for large structural modifications. The Agreement addresses the collaboration

Aker Carbon Capture signs an MoU with Microsoft for scaling carbon capture services

Aker Carbon Capture has signed a Memorandum of Understanding (MoU) with Microsoft to pursue joint innovation and explore opportunities to offer services in the Carbon Capture, Utilization and Storage (CCUS) market. CCUS is a critical solution to achieve the large carbon reductions and removals needed for the world to reach net zero emissions. New and

Inaugural barge-to-ship LNG bunkering operation completed

The largest Jones Act-compliant LNG bunkering barge has completed its inaugural bunkering operation in Jacksonville, Florida. The 5,500 cubic meter capacity Clean Canaveral operates as an articulated tug barge unit (“ATB”) and is owned by Polaris New Energy, a subsidiary of Seaside LNG Holdings. As part of the operation, LNG was loaded onto the Clean

Sinopec plans to increase domestic LNG production

China’s state-owned oil and gas company Sinopec plans to boost natural gas production by 4.8% in 2022 and continue developing the gas supply chain to meet decarbonization and energy security targets, Chairman Ma Yongsheng said. “The natural gas business will not only support the company’s transformation, but also generate good profit, because of which we

Gazprom seeks gas payments in euros from GAIL

Gazprom has asked India’s largest gas transmitter GAIL (India) to pay for gas imports in euros instead of dollars, two sources said, in a sign the Russian energy giant seeks to wean itself away from the U.S. currency in the wake of the Ukraine conflict. European countries and the United States have imposed heavy sanctions

What is real reason behind the soaring oil and gas prices in the US?

In the wake of the devastating Russian invasion of Ukraine, US gas prices soared, averaging $4.25 a gallon. Now fossil fuel companies and their political allies have seized the opportunity to suggest that additional fossil fuel investment is the solution. Their arguments are rife with misinformation. This is calculated, of course, meant to pad the

Germany aims to obtain 100% energy by 2035 through renewable sources

Germany aims to fulfil all its electricity needs with supplies from renewable sources by 2035, compared to its previous target to abandon fossil fuels “well before 2040,” according to a government draft paper obtained by Reuters on Monday. Europe’s top economy has been under pressure from other Western nations to become less dependent on Russian

Global ethanol market to touch $105.2 bn by 2025

A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, report titled “Ethanol – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post Covid-19 marketplace. Ethanol, also known as Ethyl Alcohol or Grain Alcohol (ETOH), is a clear, colorless,

Russia demanding importers to pay in rubles to avoid West sanctions

After being ostracized by Western countries following his invasion of Ukraine, Russia President Vladimir Putin is trying to force the world to reengage with the Russian economy—sanctions be damned—by leveraging the one thing the West still buys from Russia: energy. Putin ordered that gas contracts with “unfriendly” countries—those responsible for sanctions against Russia—be settled in

Costs in India for green hydrogen could fall remarkably

Green hydrogen costs in India could potentially fall by half to as low as ₹160-170 per kg by 2030, bringing parity with grey hydrogen and other fossil fuels, says a KPMG study. Current green hydrogen production costs range anywhere between ₹320 and ₹330 per kilogram in India. KPMG in India estimates, current grey hydrogen (hydrogen