Russia oil discount to India decline, but shipping charges remain high

Shipping costs of $11-19 a barrel from Russian ports to India – some of it on 100+ tankers allegedly acquired by Russian actors for shadow fleets – are higher than rates for comparable distances, such as the Persian Gulf Travel from to Rotterdam

Co-firing technology using ammonia may produce more emissions

Using ammonia and hydrogen alongside fossil fuels in power plants may result in more emissions than simply burning coal or gas, a new study found, adding to scepticism over a decarbonisation technology being embraced by some Asian nations.

Saudi Arabia and France agree to cooperate on energy sector

They also agreed to work together to improve energy efficiency and to strengthen their cooperation in the areas of nuclear energy in "a peaceful and safe framework," the management of radioactive waste, and nuclear applications.

Hapag-Lloyd puts first LNG dual-fuel ships on voyage

Hapag-Lloyd ordered in December 2020 six, 250,000 dwt, ultra large containerships to be built by Daewoo Shipbuilding & Marine Engineering for a total $1 billion but the order was expanded in 2021 from six to 12 containerships.

India to come up with directives on green hydrogen use

The Indian government is expected to come out with a mandate on the usage of green hydrogen in the country. According to Secretary in the Ministry of new and renewable energy (MNRE) Bhupinder Singh Bhalla, the government is first trying to figure out whether it can collate demand, aggregate and make it more clear for

MAN’s trials of ammonia-powered engine achieve breakthrough

MAN Energy Solutions (MAN ES) has successfully trialled an ammonia-powered two-stroke engine. Further tests will be carried out this year with a view to selling the first engines in 2024, and offering retrofit options from 2025. Currently there are close to 200 ammonia ready ships on order with many experts predicting the fuel will climb

BP invests in WasteFuel to study potential of bio-methanol

BP has invested $10m in WasteFuel, a California-based biofuels company, to research the potential of bio-methanol in hard-to-abate sectors like shipping. BP said that solid waste production totals about 2bn metric tons annually and would increase to 3.4bn metric tons by 2050. According to the company, WasteFuel’s deployment of anaerobic digestion and methanol production technologies

TEMP awards contract to KOTUG offer escort towage

Trans Mountain operates Canada’s only oil pipeline servicing the West Coast of Canada providing tidewater access to foreign markets for Canada’s petroleum resources.

COSCO and PetroChina order two more LNG newbuilds

COSCO Shipping and PetroChina are returning to CSSC-affiliated Hudong-Zhonghua Shipbuilding for two additional 174,000 cu m liquefied natural gas (LNG) carrier newbuilds..

Indian Oil, Praj to form JV for biofuels production

Various biofuels covered under this MoU include Sustainable Aviation Fuel (SAF), Ethanol, Compressed Bio-Gas (CBG), Biodiesel and Bio-bitumen among others, Praj Industries said.