Gujarat will become green hydrogen hub: PM Modi

Gujarat will become the world’s biggest green hydrogen hub and will attract investments worth ₹8-10 lakh crore from across the world for the development of green hydrogen and its ecosystem, said Prime Minister Narendra Modi at a rally in Bhavnagar. Modi stated that in the coming years, the world order for energy will change drastically

For India West Arctic Ocean becomes major source of crude

A new source of Russian crude has emerged for India – the West Arctic Ocean. This new activity which has only been seen this year, started around March on aframax and suezmax tankers, as data from energy analytics firm Vortexa shows. Aframax tonne-miles out of the West Arctic Ocean were typically directed towards Europe, something

Clean hydrogen is opportunity for countries with abundant hydrocarbon resources

Hydrogen could play an important role in helping hard-to-abate sectors meet climate targets. Countries with hydrocarbon resources and industry expertise can help build and scale the needed technology. According to McKinsey research, total hydrogen demand can reach 600 to 660 million tons by 2050, abating more than 20 percent of global emissions. That said, realizing

Biofuel trials gain traction in multipurpose shipping

Biofuel, produced from plants and other feedstocks to replace traditional fossil-based fuels, are gaining a foothold in the multipurpose and heavy lift shipping industry. Various trials are under way at a number of carriers. The German heavy lift shipping line’s sustainability strategy, it added, has three core focus points: reducing carbon emissions, responsible consumption, and

KR and UPA agreed to collaborate on methanol-fueled ships

Korean Register (KR) and Ulsan Port Authority (UPA) have signed an MOU to support methanol-fueled ships and establish the South Korean port as a low-carbon, eco-friendly energy hub. A growing number of dual fuel methanol vessels are being ordered by international shipping companies, and in October South Korean shipping company KSS Marine took delivery of

Sempra Infrastructure and ConocoPhillips entered into LNG purchase agreement

Sempra Infrastructure and ConocoPhillips have executed a 20-year sale and purchase agreement for 5m tonnes per annum (Mtpa) of liquefied natural gas (LNG) from Phase 1 of Sempra Infrastructure’s proposed Port Arthur LNG project in Jefferson County, Texas. The two companies have signed two more agreements through which ConocoPhillips will acquire 30% of the equity

Seapeak books five LNG carrier newbuilds

Seapeak has booked five liquefied natural gas (LNG) carriers for construction at South Korea’s Samsung Heavy Industries (SHI). Stonepeak’s gas ship owner is paying around $1.1bn for the 174,000 cu m ships expected for delivery in 2027. The newbuilds are backed by ten-year charters with an unnamed international energy major, which can be extended at

Can IOCL Panipat plant cut farm fires, emissions?

Can a public sector giant incentivise farmers to opt for alternative methods of stubble disposal, help marginally reduce India’s oil import bill, and prevent CO2 emissions to the extent that it may be the same as removing 62,000 cars from roads? The order may seem tall, but this is exactly what a central public sector

Boeing aims to rum all aircraft from 2030 on SAF

As the global aviation industry seeks to achieve net zero carbon emissions by 2050, original equipment manufacturer Boeing is exploring what it will take to transition airlines’ current fleet to 100% sustainable aviation fuel (SAF). SAF is a biofuel with a lower carbon footprint than conventional jet fuel, and is approved, at present, for use

New crude oil may require new design

As US production of crude oil continues to climb towards its pre-pandemic production levels of 13 million barrels a day – a welcome development given high gas prices – the need for new investment to facilitate exports and imports is growing. While US consumption almost equals what we produce, we still export and import a