India grants permission to ADNOC for crude oil export

The Indian government has taken a significant step by granting permission to the Abu Dhabi National Oil Company (Adnoc) to export crude oil stored in underground strategic storages located in Mangalore. This move aims to provide operational flexibility to the foreign firm and marks a notable development in India’s oil industry. The decision, outlined in

IMO adopts 2024 LCA guidelines at MEPC 81

The International Maritime Organisation (IMO) adopted life cycle assessment (LCA) guidelines of marine fuels at the 81st meeting of the Marine Environment Protection Committee (MEPC). Delegates at MEPC 81 approved base LCA guidelines to cover all fuels and other energy carriers to be used on board vessels. The LCA guidelines cover carbon dioxide (CO2), methane

Stena Provident successfully completes first methanol bunkering

Stena Provident, one of six state-of-the-art methanol fuelled IMOIIMeMAX ships commissioned through the partnership between Proman and Stena Bulk, completed the first ever methanol bunkering at the Port of Savannah, in Georgia, US. The vessel, which is time-chartered by Bahri Chemicals, successfully loaded almost 1000 MT of methanol at Colonial Terminals’ Lathrop 2 facility, in

Survitec reveals new firefighting techniques for methanol fleet

A new fire safety study by survival technology solutions provider Survitec has revealed that existing fire-fighting methods used to extinguish machinery space spray and pool fires on conventionally fuelled vessels are inadequate when dealing with methanol-based fires. This follows extensive comparative fire tests on dual-fuel marine engines using diesel oil and methanol, carried out amid

Renovare raises funds to turn landfill waste into biofuels

Sustainable fuels startup Renovare Fuels announced the launch of a $7.6 million equity raise, with proceeds aimed at supporting projects to produce advanced renewable biofuels from waste. Founded in 2015, UK-based Renovare provides a technology that turns biodegradable waste from homes and industry into advanced renewable biofuels. The technology captures gases produced from organic matter

Coal is preparing to say adieu

More than two years after climate negotiators first attempted to consign coal to history, the dirtiest fossil fuel is having a moment. Thanks to a combination of China’s energy insecurity — pushing Beijing back to trusted power sources — plus rising Indian demand, the continued fallout from the war in Ukraine and faltering international programs

MNRE issues guidelines to set up green hydrogen hubs

The Ministry of New and Renewable Energy (MNRE) has released guidelines for establishing green hydrogen hubs as part of the National Green Hydrogen Mission. The MNRE and the designated scheme implementing agencies will be responsible for these hydrogen hubs. The initiative will offer assistance for the establishment of essential infrastructure at hydrogen hubs, including storage

India hosting international green hydrogen technology meeting

India is hosting a landmark meeting of the Steering Committee of the International Partnership for Hydrogen and Fuel Cells in the Economy (IPHE). The five-day meeting in New Delhi this week is a landmark because it coincided with a revelation that 2023 was the warmest year on record, according to the United Nations weather agency,

ClassNK okays ‘world’s first’ onboard CCS installation

ClassNK has granted its Shipboard Carbon dioxide Capture and Storage-Full (SCCS-Full) class notation to the Panama-flagged boxship Ever Top, a Neopanamax container vessel owned by Taiwan’s ocean carrier Evergreen. The notation signifies that the vessel is now equipped with an onboard CO2 capture and storage (CCS) systems, marking it as the world’s first Neopanamax container

Crude oil output rises 7.9% to 2.3 MMT in February

Crude oil imports decreased by 6.6 per cent and increased by 0.4 per cent during February 2024 and April-February 2024 respectively India produced a total of 2.3 million metric tonnes (MMT) of crude oil in February 2024 – registering a growth of 7.9 per cent compared to the year-ago period, according to Petroleum Planning &