FHG Marine Engineering Joins QuantiParts Network

FHG Marine Engineering, Inc. (FHG) recently entered into a distribution agreement with QuantiParts B.V. (QuantiParts), serving spare parts to vessels operating in the USA and with engines supported by QuantiParts. With this agreement, FHG joins the global network of QuantiParts distributors serving classic Wärtsilä engines with the highest quality OEM parts to ensure ongoing operational

EU has failed to agree to a package of sanctions against Russia

The EU has failed to agree to a package of sanctions against Russia, ahead of a peace conference to be held in Switzerland. Member states met during the G7 summit in Italy to discuss a set of sanctions put forward by the European Commission at the beginning of May. The sanctions would have been the

Russia overtook US as gas supplier to Europe in May

Europe’s gas imports from Russia overtook supplies from the US for the first time in almost two years in May, despite the region’s efforts to wean itself off Russian fossil fuels since the full-scale invasion of Ukraine. While one-off factors drove the reversal, it highlights the difficulty of further reducing Europe’s dependence on gas from

G7 leaders issue statement to accelerate transition away from fossil fuels

Leaders of the Group of Seven (G7) developed democracies will commit to accelerating their transition away from fossil fuels during this decade, according to a draft of a statement to be issued at the end of their ongoing summit in Italy. Other commitments on climate policy in the draft include a pledge “to phase out

ADDED partners with Broaden Energy for hydrogen manufacturing hub

The Abu Dhabi Department of Economic Development (ADDED) has partnered with Broaden Energy to launch the first hydrogen equipment manufacturing complex in Abu Dhabi. The complex aims to support the goals of the Abu Dhabi Industrial Strategy (ADIS), advancing sustainability, developing value chains, and strengthening Abu Dhabi’s position as the region’s most competitive industrial hub.

OMV Petrom invests €750 mn in sustainable fuels plant

OMV Petrom will invest approximately €750 million at Petrobrazi to transform the refinery into the first major producer of sustainable fuels. The company has made the final investment decision to build a SAF/HVO facility along with two facilities for green hydrogen which will be used in the production of biofuels. The investments for this unit

MNRE and IREDA host conference highlighting Green Energy Potential

Ministry of New & Renewable Energy (MNRE), in collaboration with the Indian Renewable Energy Development Agency Ltd. (IREDA), organized a pre-event conference for Global Wind Day at the Welcome Hotel in Bhubaneswar. The speech of Lalit Bohra, Joint Secretary (MNRE) was read out by Dr. B. K. Mohanty, Director (Finance), IREDA, in which he emphasized

IRENA Council convenes amidst UN Secretary General’s call for urgent climate action

The International Renewable Energy Agency (IRENA) convenes its 27th Council meeting in Abu Dhabi, after United Nations Secretary-General Antonio Guterres issued an urgent call for climate action recently. The two-day meetings gather representatives from 105 countries to discuss critical issues facing the energy transition. Over the next two days, IRENA members will focus on scaling

Aramco and NextDecade announce Heads of Agreement for offtake of LNG

Aramco, one of the world’s leading integrated energy and chemicals companies, and NextDecade Corporation (NextDecade) announced that their respective subsidiaries have executed a non-binding Heads of Agreement (HoA) for a 20-year liquefied natural gas sale and purchase agreement (LNG SPA) for offtake from Train 4 at the Rio Grande LNG Facility at the Port of

India is world’s second largest emitter of N2O

India is the world’s second largest source of nitrous oxide (N2O), a greenhouse gas that heats up the atmosphere far more than carbon dioxide. Nearly 11% of such global man-made emissions in 2020 were from India, topped only by China at 16%. The major source of these emissions comes from fertiliser usage, according to a