IEA predicts that fossil fuels may become more affordable and plentiful.

According to the International Energy Agency, the transition to clean energy is expected to be expedited by governments, which could result in fossil fuels becoming substantially more cheap and abundant by the end of the decade. The global energy watchdog has announced the dawn of a new energy era, in which countries have access to

By December, India will implement a national green steel initiative.

Indian government intends to instigate a national green steel mission by December of this year. In order to encourage sustainable production, it is anticipated that the definition of such products will be established in October. According to Sandeep Poundrick, secretary of the Ministry of Steel, the initiative is based on the National Green Hydrogen Mission.

The Middle East Conflict Has No Major Impact on Energy Supplies: Hardeep Singh Puri

The government does not see any major impact on oil supplies to the country owing to the ongoing conflict in West Asia, said Union minister for petroleum and natural gas Hardeep Singh Puri. However, any further escalation of the situation could hit energy availability, he added. Shippers have been avoiding the Red Sea route for

Global energy demand to grow 24%: OPEC

Global energy demand will grow 24 percent by 2050, with oil dominating world markets in need of 120.1 million barrels per day, the Organization of the Petroleum Exporting Countries (OPEC) said. OPEC released its annual World Oil Outlook, for the first time outside its headquarters in Vienna. The organization, which brings together most of the

Wärtsilä and Aqualectra partner to support Curaçao’s decarbonisation

Technology group Wärtsilä has again been contracted by Aqualectra, Curaҫao’s government owned utilities company, to provide Engineering, Procurement and Construction in support of the country’s decarbonisation programme. This latest order is for a new 38.4 MW power plant that will be capable of providing efficient grid balancing as the level of renewable energy in the

Sofar Ocean will see Berge adopt Sofar’s Wayfinder platform

Sofar Ocean will see Berge adopt Sofar’s Wayfinder platform across its fleet of owned vessels, including new vessels equipped with wind propulsion technology on path to decarbonization. Berge Bulk said it has entered the second phase of its ambitious plans, applying new technology. In the past year, Berge Bulk has equipped two ships – Newcastlemax

Singapore bunker hub posts decline in fuel sales for Aug

Marine fuel sales at Singapore, the world’s largest bunker hub, posted a 2.3% monthly decline in August due to softer demand for key conventional fuel grades, data showed. Athough marine biofuel sales reached a monthly record high. Volumes for conventional bunker fuels softened for key grades month-on-month, as some spot demand got diverted to other

Nayara Energy sees 14.3% rise in domestic fuel sales

Nayara Energy, India’s largest private fuel retailer, posted a 14.3 per cent rise in fuel sales for the second quarter of the 2024 calendar year, while exports dropped as the firm met rising local demand for fuel. In the April-June quarter, Nayara sold 75 per cent of all diesel it produced at its Vadinar oil

BPCL board approves JV with Sembcorp, GPS Renewables

Bharat Petroleum Corporation Limited (BPCL) is set to expand its presence in the renewable energy sector through two new joint ventures. The state-owned company’s Board of Directors has approved partnerships with Sembcorp Green Hydrogen India Pvt. Ltd. and GPS Renewables Pvt. Ltd., respectively. The company said in an exchange filing on Thursday, September 12, that

Karnataka a key driver in clean energy transformation in India: CEEW

Karnataka is set to be a major driver in India’s low-cost clean energy transformation, while ranking second in green hydrogen production and with the highest wind energy potential in the country. A study published by the Council on Energy, Environment and Water (CEEW) one of Asia’s leading research institutions and climate think-tanks states that with