BHP confirms talks with Woodside to sell its petroleum business

BHP Group Ltd. said it is considering the sale of its petroleum business, a move that would reduce its exposure to fossil fuels amid growing pressure from investors and governments for resources companies to cut emissions. BHP, the world’s biggest mining company, said it is in talks with Woodside Petroleum Ltd. on a potential deal

Sri Lanka’s Colombo, Hambantota ports achieve more bunkering feats with latest foray

Colombo Port’s first supply of delivered high sulfur fuel oil bunker in the week started Aug. 8 marked another milestone for Sri Lanka, as the country sets out to boost its bunkering prospects while also developing other ports like Hambantota as a dominant marine fuels hub in Asia. Register Now Advantis Bunkering, a subsidiary of

China’s crude oil imports rebound as state refiners return from overhauls

China’s crude oil imports rebounded in July from a six-month low as state-backed refiners ramped up output after returning from maintenance, though independent refineries slowed restocking amid probes by Beijing into trading and taxes. China brought in 41.24 million tonnes of crude oil last month, equivalent to 9.71 million barrels per day (bpd), data from

How fossil fuels can help decarbonize the economy

Researchers at Rice University’s Carbon Hub are proposing the idea of actually using hydrocarbons to slash carbon dioxide emissions. In an opinion paper published in the journal Proceedings of the National Academy of Sciences, carbon materials expert Matteo Pasquali and Carl Mesters, retired chief scientist for chemistry and catalysis at Shell, propose splitting hydrocarbon molecules

Port of Galveston, Stabilis sign MOU on LNG bunkers

Galveston Wharves at the Port of Galveston and energy transition services firm Stabilis Solutions have signed a memorandum of understanding to enable LNG bunkering at that Texas port, the companies have said. Under the terms of the MOU, the port and Stabilis will provide LNG fueling solutions to vessels calling there, including identifying suitable dock

Chinese refiners shatter records in June

China’s refineries processed a record amount of crude oil last month, at 14.8 million bpd, up by 3.9% from May when run rates also broke records, Reuters reported, citing data from the national statistics bureau. The average daily run rates for the first half of the year were even higher, at 15.13 million barrels—up by

Reliance’s O2C, new energy biz may be valued over $100 bn: Report

Billionaire Mukesh Ambani-led Reliance Industries Ltd’s plans for investing Rs 75,000 crore in solar, batteries, fuel cells and hydrogen could create valuation of USD 36 billion (Rs 2.6 lakh crore) for the new energy business, Wall Street brokerage Bernstein Research said in a report. Reliance currently has three verticals — oil-to-chemical (O2C) business that houses

China’s June diesel exports rebound amid record refinery output

China’s June diesel exports rebounded from May and more than doubled from the same period last year, as refiners shipped out more surplus barrels amid record refinery production. Diesel shipments last month reached 2.36 million tonnes, versus 1.68 million tonnes in May and 1.04 million tonnes in June 2020, data from the General Administration of

eCombustible Case Study: Mining Industry

Climate change and environmental sustainability have become major issues of social concern. In order to reduce carbon emissions, many industries are looking for innovative opportunities and investments in hydrogen technologies. Could this be the solution to the global energy market’s transition to a low-carbon economy? For one major player in the mining industry, eCombustible has

Peru will promote natural gas as a fuel for urban, interprovincial and cargo transportation

The Ministry of Energy and Mines (Minem) will implement a State policy to promote and promote the development of Liquefied Natural Vehicle Gas (NGV-L) as an automotive fuel within Peru for urban, interprovincial and cargo transportation, with the objective of stimulate the use of a resource that the country produces and that is cheaper than