OMCs may cut down fuel prices next month: Report  

The oil marketing companies (OMCs) have abstained from altering prices since April 2022, but with crude oil costs softening, a comprehensive pricing review is imminent, according to a report by Hindustan Times. State-run oil companies in India are considering a significant reduction in petrol and diesel prices next month following robust third-quarter results that are

China’s low-sulphur marine fuel exports up 3%

China’s exports of low-sulphur marine fuels last year rose 3.2% from 2022, data from the General Administration of Customs showed. The rise in exports tracked continued growth in refuelling demand at China’s largest bunker port Zhoushan, while overall bunkering activity also picked up in Asia. Exports of the marine fuel, or very low-sulphur fuel oil

Reliance to commission new energy giga complex

Billionaire Mukesh Ambani’s Reliance Industries Ltd will commission a new energy giga complex in Gujarat in the second half of 2024, the company said in an earnings statement and investor call. Reliance is building a giga complex spread over 5,000 acres in Jamnagar in Gujarat. The complex comprises five giga factories for photovoltaic panels, fuel

Coal India to implement energy efficiency

India is committed to reduce Emissions Intensity of its GDP by 45 per cent by 2030 as per the updated NDC. In alignment of this, Coal Sector is at the forefront in leading energy conservation and efficiency measures recognizing the paramount importance of judicious energy resource utilization. The significance of this endeavour is that, generally,

Coal India plans to begin mining of lithium

State-owned Coal India Ltd (CIL) is mulling entering into the mining of critical minerals, including lithium. CIL plans to get a block from the government for exploration and once lithium reserves are proved, the PSU would go for mining, the official said. Lithium is the ‘cosmic’ mineral which is needed as part of the country’s

Apple opens office in Bengaluru, running on 100% renewable energy

Apple opened its massive new office in India’s Silicon Valley, Bengaluru. This new office is located on Cubbon Road in Minsk Square, at a prominent location. The 15-floor office will be able to house up to 1,200 employees and also has parking for 740 cars. The new office also has designated lab space, places for

First LNG bunkering operation completed

Marine fuel supplier Peninsula and MSC’s cruise division have completed what they say is the first liquefied natural gas (LNG) bunkering operation to a cruise vessel in the Spanish port of Cadiz. MSC Euribia became the first cruise ship to be fueled with LNG at Cadiz during the vessel’s first visit to the Spanish port,

Green hydrogen production facility gets key environmental approval

In Denmark, H2 Energy Europe announced that it has received environmental approval for its large-scale green hydrogen production facility in Esbjerg, Denmark. This achievement marks a significant milestone for the project, bringing it closer to a Final Investment Decision (FID), the company said. Jesper Frost Rasmussen, the mayor of Esbjerg municipality, states the importance of

Bahri takes two methanol tankers on charter

Saudi Arabia’s flagship carrier Bahri has penned a long-term deal with Swiss methanol producer and tanker owner Proman to charter in two of its methanol-powered ships. The company’s chemical arm has taken the Guangzhou Shipyard International 2023-built 49,900 dwt MRs Stena Provident and Stena Progressive on hire for five years. The vessels are the final

DNV inks JDP to explore CCS for SDTR Marine’s Kamsarmax

Classification society DNV has entered into a Joint Development Project (JDP) with Singapore-based shipping company SDTR Marine to cooperate on a Carbon Capture and Storage (CCS) feasibility study for the latter’s 85,000 dwt Kamsarmax bulk carrier. As part of the JDP, DNV and SDTR Marine will collaborate on a techno-economic analysis of CCS implementation aboard