Industry leaders urge realism in green hydrogen push

Hydrogen and its derivatives will have a critically important role to play in accelerating the energy transition but policymakers need to be more realistic given that many of the technologies are still in their infancy, energy industry leaders from the Middle East and Europe said at a special meeting of the World Economic Forum in

SHM Shipcare & ONGC initiate a new era in Indian oil & gas industry

SHM Shipcare, a pioneering force in India’s shipbuilding, maritime, and offshore sector and a renowned provider of life-saving services worldwide, unveiled a ground-breaking innovation, signalling the dawn of “Wings-to-Waves” transformation within the nation’s vital oil and gas industry. The company proudly launched the first of its kind Fast Crew Boat Sea Stallion-I, a 42-meter vessel

Power Minister discusses pathways to accelerate use of green hydrogen

The Union Minister for Power and New and Renewable Energy R K Singh chaired a meeting of government and industry stakeholders of the iron and steel sector in New Delhi on January 24, 2024, in order to discuss the pilot projects under the National Green Hydrogen Mission in the sector. Officials of Ministry of New

Shipping industry faces $200 per container gap in emission transition

A 34-page study just released on the brink of COP28 examines the cost of zero-emission container ships, illuminating the annualised costs and the discrepancy in price per container between Chinese and transpacific coastal shipping. The report by the UK-based UMAS highlights the significant initial cost differential between traditional fossil fuels and scalable zero-emission fuels (SZEF),

Industry warns over ports call evasion of EU ETS

The European Tugowners Association (ETA) has called on the European Commission to prevent cargo diversion from EU ports and carbon leakage which could possibly occur due to the Emissions Trading System (ETS) introduction. ETA said that there was a risk of cargo diversion due to ETS inclusion in shipping which is coming into force next

Shipping industry off track to meet 5% zero-emission target

The world is not on track for zero-emission fuels to account for 5% of international shipping fuels by 2030, a new analysis has found, jeopardizing the shipping industry’s 2050 decarbonization goal. Launched at the Global Maritime Forum’s annual summit in Athens on Wednesday, the assessment finds that current scalable zero-emissions fuel (SZEF) production in the

Grid, industry, transport decarbonisation crucial to meet netzero targets

This transition to new and renewable sources of energy would not come cheap, with India needing around $15 trillion in investments to achieve net zero between 2022 and 2070, according to a Deloitte-FICCI study. India’s total energy demand would likely double by 2070 from the 2020 level, due largely to aggressive energy efficiency and the