EY and Microsoft to help businesses develop ESG data management

The EY organization and Microsoft have announced a deepened strategic relationship to further develop environmental, social, and governance (ESG) data management offerings that support clients with achieving operational decarbonization and net-zero goals. EY said in a statement that through this commitment, EY and Microsoft will address a host of sustainability needs through technology, including improving

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

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

ITPS Canada enters into partnership with LivClean for 100% carbon neutral goal

International Test Pilots School (ITPS) Canada announced to achieve 100% carbon neutral.  To help achieve this the company has partnered with LivClean, a top-ranked carbon offset retailer. Through the partnership, ITPS’s carbon offset purchase will support the Great Bear Forest Carbon Project, located inside the traditional territories of the Haida Nation, British Columbia, Canada, and

Serentica Renewables is tapping decarbonisation drive in India

Serentica Renewables India Pvt Ltd., a clean-energy startup backed by KKR & Co., wants to tap Indian industry’s decarbonisation drive. The company based near New Delhi will use a $400 million investment from the private equity giant to build 1.5 gigawatts of wind and solar across four Indian states.The projects will be built over the

Magseis Renewables bags carbon capture contract

Magseis Renewables, a subsidiary of Norwegian ocean bottom seismic (OBS) technology and services provider Magseis Fairfield, has won a data acquisition contract for a carbon capture and storage (CCS) monitoring project in the North Sea. No further details have been disclosed, except that the survey would start in the fourth quarter of this year, utilising

Poorer countries secure climate-damage fund without emissions cuts

Broad agreement at COP27 would set up fund to pay poorer nations for loss and damage, but doesn’t secure commitments for faster emissions cuts in greenhouse-gas emissions. Poorer countries secured a deal at United Nations climate talks to create a fund for climate-related damage as part of a broader agreement that failed to yield faster

COP27 enters into final day negotiations

Global climate talks have entered the final scheduled day of negotiations as chances of a deal still look unclear. The United Nations’ Climate Change Conference (COP27) in Egypt was expected to go past its deadline on Friday and into the weekend, with rich and developing nations deadlocked over creating a fund for countries devastated by

CMES, BHP, DNV to partner on emissions reduction

China Merchants Energy Shipping (CMES), BHP and DNV have signed a Memorandum of Understanding (MoU) to collaborate on industry value chain greenhouse gas (GHG) management. The agreement seeks to enable close cooperation between ship owner and charterer with the aim of achieving further energy efficiencies and GHG savings through improved voyage data collection, verification and

ExxonMobil prepares for the future by bringing certain Mobil Delvac™ lubricants

ExxonMobil has transferred some of its Mobil Delvac™ oils over into the MobilGard™ family for its marine customers ahead of likely reformulations that will help ensure vessel operators remain compliant with evolving maritime regulations and operational requirements.  “At present, on-highway engine oils are commonly used in inland and coastal vessels due to the similarity of