ADNOC invests in Storegga to focus on carbon management

ADNOC announced it has taken a 10.1% equity stake in Storegga to become a lead investor in the UK-based company that focuses on the development of global carbon capture and storage (CCS) projects. The strategic transaction represents ADNOC’s first international equity investment in carbon management and supports the company’s strategy to leverage carbon management partnerships

Over half of MoUs signed at Vibrant Gujarat are green

The government of Gujarat has signed Memorandums of Understanding (MoUs) worth $86.07 billion with 58 companies as part of the ongoing Vibrant Gujarat Summit. The Tenth Vibrant Gujarat Global Summit 2024 kicked off in Gandhinagar. The event is scheduled to be held from January 10 to 12, 2024 and the theme is Gateway to the

Indian Register of Shipping announces senior management appointment

In line with the rapid expansion of the Indian Register of Shipping (IRS), P.K. Mishra, previously Head of Operations, has been promoted to Joint Managing Director of IRS, effective 1 st January 2024. Joining as a Surveyor with IRS in 1998, Mishra rose through the ranks to become Chief Surveyor in 2023. With close to

World’s first hydrogen boat powered by printed circuit board completes testing

Bramble Energy, an innovator and disrupter in fuel cell technology, has achieved a milestone in marine history by launching the world’s first hydrogen-electric boat powered by a printed circuit board fuel cell (PCBFC™). As the lead partner in the HyTime project working alongside custom engine builder Barrus, Bramble Energy has created a demonstration vessel that

MoL to ship ammonia for Yara

Japanese shipping firm Mitsui OSK Line (Mol) is to ship ammonia under a charter agreement with Norwegian fertilizer producer Yara. A 34,500m³ ammonia carrier Green Pioneer will transport ammonia from Europe to Asian countries and Australia, Mol said. The details, such as the contract period, estimated shipping volume and the purpose were undisclosed. The contract

Methanol overtakes LNG as alternative fuel of choice

Latest figures released by DNV from its Alternative Fuels Insight (AFI) platform, reveal an 8% increase in ships ordered or retrofitted with alternative fuel propulsion in 2023. DNV logged 138 projects for methanol, including retrofits, compared with 130 for LNG, all of which were for new ships. The almost four-fold increase in methanol-fuelled ships from

Bosch to launch hydrogen engine for trucks

German manufacturer Bosch has announced plans to launch its first hydrogen internal combustion engine for trucks this year, to add to its existing fuel cell and battery-electric offerings. Hydrogen engines are less efficient than fuel cells, so vehicles using them will require more H2 to travel the same distance. But proponents say they hydrogen engines

SEA-LNG member Gasum announces renewable e-methane (e-LNG) deliveries from 2026

Gasum and Nordic Ren-Gas have signed an e-methane offtake agreement.  Nordic Ren-Gas’s Power-to-Gas plant in Tampere will produce annually 160 GWh of renewable e-methane, which Gasum will procure and distribute to its customers.  The use of e-methane will cut greenhouse gas (GHG) emissions in road and maritime transport. Nordic energy company Gasum and the leading

Indian refiners seeking to boost Saudi crude oil imports

Two Indian state refiners are seeking to boost imports of Saudi crude oil after the kingdom cut the official selling price of its key export grade for February to the lowest in 27 months, company sources said. Indian Oil Corp, the country’s top refiner, and Bharat Petroleum Corp, are looking at lifting an additional 1

Biofuel to make up 6% of road transport by 2030

Biofuel demand is forecast to expand to 6% of forecasted road transport energy demand in 2030, driven by policies and planned project additions, according to data from the International Energy Agency. The 6% share will be equivalent to 5.3 exajoules, the IEA said in its December report The Role of E-fuels in Decarbonising Transport. Road