Mitsubishi’s conceptual design of VLGC completed

Mitsubishi Shipbuilding Co., Ltd has completed the conceptual design of a Very Large Gas Carrier (VLGC). The VLGC is powered by liquefied petroleum gas (LPG) but can be adaptable to future use of ammonia as the main fuel. Approval in Principle (AIP) for the design has been acquired from the Japanese classification society ClassNK. The

Ethanol gas emerging as cheap alternative in the US

At certain gas stations across Sacramento, the capital city of the US state of California, E-85, a gasoline blend of 85 percent ethanol and 15 percent gasoline, is priced significantly lower than normal gasoline currently because the price of corn is trading below the price of petroleum. In the mid-2000s, Chevy and Ford created many

Largest green hydrogen project in Australia enters final stage negotiations

Woodside Energy and Fortescue Future Industries are counterparties in final stage negotiations to become lead developer of the prospective world’s largest green hydrogen plant in Southland. For the $5b proposed plant contact, Meridian Energy will select the lead developer after more detailed proposals, due by late-August. The proposed hydrogen plant could potentially provide an alternative

Oil exports from Russia increased by 12% in 2022

According to Deputy Prime Minister Alexander Novak, Russian oil exports grew by 12% in the first five months of 2022, as demand persists, despite Western sanctions reducing oil exports to Europe. He added that the increase is linked to lower refining volumes and the reconfiguration of refineries in Russia. Sanctions against Russia include a US

Brazil’s biodiesel producers ready to increase output

Brazil’s biodiesel producers are ready to increase output to prevent a major diesel supply shortage. In September last year, the government decided to reduce the mandatory mix of biodiesel in diesel because of the high price of soy, the main raw material for the production of biofuel in the country. The country’s bio blending sector

BSOG’s first Black Sea natural gas delivery to Romania commences

Black Sea Oil & Gas (BSOG) has announced that the commercial gas extraction has been started in Black Sea and the first deliveries in to the Romanian gas network has also begun.    BSOG, an oil and gas company controlled by US-based investment firm Carlyle, said that it would extract 500 million cubic meters of

Crude oil output in India increased by 4.6% in May

India’s crude oil production has increased by 4.6 per cent year-on-year to 2.6 million tonnes (MT) in May 2022. Compared with the target for the month, the output was higher by 2.4 per cent. Cumulatively, the output during the first two months of FY23 rose around 2 per cent Y-o-Y to 5.1 MT, while it

Price parity for EVs, flex-fuel vehicles will be achieved on par with petrol cars: Gadkari

Union Minister Nitin Gadkari said efforts are being made to help EVs and flex-fuel vehicles (FFV) achieve price parity with petrol and diesel vehicles within a year’s time. Speaking at what India thinks today global summit, Gadkari said that the aim of the government is to bring prices of EVs and FFVs to the same

Chevron plans to accelerate investments in low-carbon hydrogen

Oil major, Chevron plans to spend about $2.5 billion building up its hydrogen business to accelerate its investment in low-carbon technologies. The company will develop both green and blue hydrogen. Chevron announced last autumn that it was allocating $10 billion toward developing renewable fuels, hydrogen and carbon capture through 2028, but it didn’t specify how

Oil India Ltd to collaborate with homiHydrogen for green hydrogen value chain

India’s second-largest oil and gas explorer, Oil India Ltd, has announced that it has signed an initial agreement with homiHydrogen to work together in the green hydrogen value chain. As per the agreement, both the companies will work together to boost India’s efforts towards energy transition for achieving net-zero by 2070 and support development of