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With expanding their fleet in Germany by 40 Volvo FM Electric trucks, DB Schenker, one of the world’s leading logistics service providers, is taking the next important step towards a sustainable future in logistics. The electric 20-ton trucks with the option for trailer operation are perfectly suited for both urban and regional transports. The 40
India’s private refiners, including Reliance Industries Limited and Rosneft-backed Nayara Energy, have reduced their imports of Russian crude by 18% month-on-month in November 2024, as the discount on Russian oil has narrowed. According to energy cargo tracking firm Vortexa, private refiners imported a total of 726,585 barrels per day (bpd) from Russia in November, down
A research claims that 127 Indian companies are dedicated to achieving net-zero goals. According to the ICRA ESG Ratings assessment, roughly 7% of these come from industries with high emissions, such as mining and building materials, while the remaining 7% come from industries with low to medium carbon footprints, such as software, services, and textiles.
ONGC Videsh Ltd, the international subsidiary of ONGC, has acquired a 0.615% stake in Azerbaijan’s Azeri-Chirag-Gunashli (ACG) field and a 0.737% shareholding in the Baku-Tbilisi-Ceyhan (BTC) pipeline for $60 million. This acquisition, finalized on November 29, 2024, strengthens ONGC Videsh’s existing interest in the ACG field, where it already holds a 2.31% stake, and its
Top oil exporter Saudi Arabia is expected to slash crude prices for Asian buyers in January to the lowest in years, largely tracking a slump in Middle East benchmark prices last month, traders said. The January official selling price (OSP) for flagship Arab Light may fall by 70 to 90 cents a barrel from December
The Nordic Roadmap project has unveiled the Fuel Transition Roadmap for Nordic Shipping, a comprehensive document outlining a decarbonization strategy for the region. The report urges Nordic ministers to take immediate action to support the industry in achieving its goals by closing the cost gap associated with the fuel transition. Its findings and recommendations were
The Rajya Sabha passed a bill that seeks to amend existing law governing exploration and production of oil and gas, and delink petroleum operations from mining operations to boost investment in the sector. The Oilfields (Regulation and Development) Amendment Bill, 2024, introduced in the Rajya Sabha in August this year, was passed by a voice
Ambuja Cements has taken a step toward achieving its Net Zero goals. The company has partnered with Finland-based technology leader Coolbrook to implement its proprietary RotoDynamic Heater™ (RDH™) technology. According to the exchange filing, this cutting-edge, zero-carbon heating solution, powered by renewable electricity, will drastically reduce the company’s dependence on fossil fuels and lower its
ONGC Videsh Ltd, the international subsidiary of ONGC, has acquired a 0.615%
Top oil exporter Saudi Arabia is expected to slash crude prices for
The Nordic Roadmap project has unveiled the Fuel Transition Roadmap for Nordic
The Rajya Sabha passed a bill that seeks to amend existing law
Ambuja Cements has taken a step toward achieving its Net Zero goals.
In India, the Universal Biofuels subsidiary of Aemetis in India successfully completed delivery
