Harnessing ammonia as ship fuel

Ammonia is one of the most promising future fuels in the maritime world, but introducing it to the fuel mix is far from straightforward. What are some of the biggest challenges that need to be overcome? And what are DNV and other companies doing to tackle them? It smells pungent and if a mere 0.5

India’s fuel demand reined in by COVID curbs in January

India’s fuel consumption fell in January after scaling a nine-month peak in December, government data showed, as COVID-19 curbs in several states hit mobility and industrial activity. Fuel consumption in the world’s third biggest oil consumer, a proxy for oil demand, totalled 17.61 million tonnes, down 3.7% from December and 0.2% from a year before,

India headed for steep fuel price hike in march, Deloitte says

Deloitte Touche Tohmatsu India expects the nation’s biggest fuel retailers to sharply raise pump prices after local elections end next month, adding pressure on the government and the central bank to take steps to contain inflation. “Because of the state elections, they haven’t increased the retail prices,” Debasish Mishra, partner at Deloitte, said in an

Wartsila to maintain 2 LNG-fueled ferries from STQ

Finnish technology group Wartsila has signed an optimised maintenance agreement with the Canadian ferry operator Societé des Traversiers du Quebec (STQ) for two LNG-fueled ferries. The five-year long-term deal specifically covers two vessels: the Jos Deschenes II and the Armand Imbeau II. The 92-meter-long passenger LNG-fueled ferries are part of the Canadian Province of Quebec’s

Singapore bunkers supported by cargo, barge tightness

Singapore bunker prices have risen strongly in recent weeks on the back of firm crude benchmark prices, and are further buoyed by strong spot demand and tighter availabilities of cargoes and barges. The premium of delivered very-low sulphur fuel oil (VLSFO) bunkers over the cargo market has averaged $23.26/t so far this year, triple more

Oil and gas bankers confront their own energy transition

Can oil bankers learn renewable tricks? They may need to in this climate, judging by the experience of Douglas MacKenzie, a Citigroup banker who has spent decades advising global energy giants on fossil fuel deals since joining Goldman Sachs as an associate in 1985. “I cover Big Oil. I’m a supermajor guy,” the 63-year-old said.

Unifeeder receives first 100% biofuel bunker consignment at Rotterdam

Shipping company Unifeeder has bunkered its first 100% biofuel, from energy company VARO at the Dutch bunker hub of Rotterdam, the companies said in a statement Feb. 8. The transaction adds momentum to growing volumes of biofuel bunkered at Rotterdam as shipping tries to decarbonize. “Being able to operate our vessels on 100% biofuel is

Shell partners with Doosan fuel cell and KSOE on fuel cell development and demonstration project

Shell has signed a Letter of Intent (LOI) for cooperation on a marine fuel cell demonstration with Doosan Fuel Cell and KSOE (Korea Shipbuilding & Offshore Engineering). Announced today (7 February), the partnership will see the three companies build a consortium for developing and testing marine fuel cells. The trio is planning to operate a

EIA increases fuel ethanol production forecast for 2022

The U.S. Energy Information Administration increased its forecast for 2022 fuel ethanol production in its latest Short-Term Energy Outlook, released Feb. 8. The forecast for 2023 ethanol production was maintained. The EIA currently expects U.S. ethanol production to average 1.03 million barrels per day this year, up from the 1.02 million barrels per day forecast made

Reliance Industries & ONGC to auction natural gas at different rates

Reliance Industries and ONGC plan to separately auction small quantities of natural gas with sharply different floor rates. RIL’s floor price is linked to crude oil and at the current rate of crude, would amount to $14 per mmBtu, while ONGC’s domestic gas price-linked floor is set at $4.5. Reliance has sought bidders for 0.65