Blueprint to decarbonise transportation released in the US

The Biden administration released the US National Blueprint for Transportation Decarbonization. Developed by the departments of Energy, Transportation, Housing and Urban Development, and the Environmental Protection Agency, the blueprint provides a strategy for cutting all greenhouse emissions from the transportation sector by 2050. In the area of maritime transportation, the report notes that, because of

Ocyan hires DNV to convert diesel drilling rigs

Ocyan, the Brazilian offshore drilling company, has engaged DNV as an independent third party in the qualification process of a system injecting hydrogen as an additive in the internal combustion engines of drilling rigs, in order to reduce diesel consumption and greenhouse gas (GHG) emissions from drilling. DNV’s technology qualification process will ensure that the

Number of crude oil suppliers to India increased

India increased the number of its crude oil suppliers from 27 countries in 2006-07 to 39 in 2021-22 and attributed the growth to the addition of new suppliers like Columbia, Russia, Libya, Gabon, and Equatorial Guinea while India strengthened its relationship with countries like US and Russia. Union minister for petroleum and natural gas Hardeep

Swan Energy to foray into Oil & Gas business

Swan Energy Ltd acquired erstwhile Anil Ambani group company Reliance Naval & Engineering (RNEL), plans to turn itself into the biggest private player in the manufacture of naval defence and oil and gas vessels. It will also aim to be the largest player in green ship-breaking, ship repairing and a hub for global manufacturing in

KSOE to develop large-capacity fuel cells

The Korean shipbuilder signed agreement with Estonia’s Elcogen to jointly develop SOFC and water electrolysis systems Korea Shipbuilding & Offshore Engineering (KSOE), an intermediate holding company of HD Hyundai Co., has decided to develop fuel cells for marine power generation and secure eco-friendly hydrogen production technology with Europe’s largest research institute and fuel cell parts

Caterpillar invests in Lithos Energy for battery pack development

Caterpillar Inc announced the company is investing in Lithos Energy, Inc., a U.S.-based battery technology company that produces lithium-ion battery packs. Headquartered in San Rafael, California, Lithos specializes in designing, engineering and manufacturing shock resistant and high performance battery solutions for applications including off-road and marine. Caterpillar’s investment in Lithos further demonstrates Caterpillar’s commitment to

Unceasing fossil fuel usage results in disappearance of glaciers  

In yet another case of the effects of global warming, a study has said that four out of five glaciers, or over 80 per cent, may be lost by the end of this century if an unabated use of fossil fuel continues. This century, according to the study, the world could lose as much as

Iceland’s road map to become carbon neutral by 2040

Iceland certainly faces challenges to become carbon neutral by 2040. These include transitioning to a carbon-free transportation system, implementing more efficient waste-management practices, scaling up sustainable agricultural practices, and boosting local carbon removal efforts. Progress on these fronts will create a genuinely sustainable, climate-friendly, and circular economy in Iceland. Iceland has put forward an ambitious

Windfall tax on fossil fuels increased in India

India has raised windfall tax on petroleum, crude oil and aviation turbine fuel, according to a government order. It raised windfall tax on crude oil to Rs 2,100 ($25.38) per tonne from Rs 1,700 ($20.55), effective Tuesday, the order said. The federal government also raised export tax on diesel to Rs 7.5 per litre from

EU imported more fossil fuel from Russia than India

External Affairs Minister S Jaishankar has said that Europe has imported six times the fossil fuel energy from Russia than India has done since February 2022 and if a $60,000-per-capita society feels it needs to look after itself, “they should not expect a $2,000-per-capita society to take a hit.” A New York Times report titled