Tesla CEO Elon Musk said the US must “immediately” increase its production of crude oil and natural gas amid the ongoing Ukraine crisis which has roiled energy markets. “Hate to say it, but we need to increase oil & gas output immediately,” Musk tweeted.“Extraordinary times demand extraordinary measures,” he tweeted. In the aftermath of Russia’s
Greenpeace France activists have taken action at sea to highlight the historical responsibility of fossil fuels in triggering and financing international conflict and to call on Europe to divest from Russian oil and gas and push for investment in renewable energies. On board an inflatable, the activists displayed a banner reading “Fossil Fuels War” in
World Bank’s data from 2015 and Fitch Solutions’ data from 2020 revealed Egypt’s renewable sources only accounted for 3.4 per cent of the country’s energy mix in 2019. A social media account called Egypt Facts and Numbers, a collaboration between United Nations Development Program and Egypt’s Ministry of Planning revealed in late December its share
Russia’s invasion of Ukraine is forcing Europe to diversify its energy supply. “Germany and Europe must now quickly make up for what they have missed over the last twenty years,” Stefan Liebing, chairperson of the Africa Association of German Business, said in a press release. He advises Germany’s Economics Minister Robert Habeck to travel to
Pacific International Lines (PIL) has announced the award of a contract to Jiangnan Shipyard (Group) for the construction of four 14,000 TEU container vessels. The vessels will be equipped with dual-fuel engines and auxiliaries which can run on both Liquefied Natural Gas (LNG) or low sulphur fuel oil. The four vessels will be delivered progressively
Future Fuels in association with sponsor FuelSpec®, a combustion catalyst product, has organized first webinar on “Decarbonising Shipping – Issues and challenges” on 25th February 2022, with the participation of representatives from key stakeholders in the shipping industry including Indian Register of Shipping, INSA, MASSA, CMMI, FOSMA, Institute of Marine Engineers of India, Wartsila, and
Efforts are moving forward on building the world´s first large-scale commercial e-Methanol production facility to be located in southern Denmark. The timing of the project is being coordinated to the scheduled delivery of Maersk’s large dual-fuel methanol ready containerships with the production of the fuel scheduled to start in the second half of 2023. Last
Currently, oil prices have touched more than $100 a barrel, moreover Russia’s war in Ukraine accentuating the risk of relying on fossil fuel. It seems to be a great time to accelerate the transition away from the polluting fuel. But, the reality isn’t so simple. Public support for climate action has attained greater attention across
Sugar mills in Maharashtra have submitted bids to supply 111 crore litres of ethanol to oil marketing companies (OMC) for the ethanol supply year 2021-22. This is expected to divert over 12 lakh tonne of sugar in the state with most of the ethanol being produced either from B heavy, C heavy molasses or directly
Bureau Veritas (BV) has given its Approval in Principle (AiP) to a new containership retrofit concept that combines conversion to LNG fueling with vessel jumboization. Awarded at a ceremony at Bureau Veritas (BV) headquarters in Paris, the AiP was granted to Joint Development Program (JDP) members GTT, consultancy Alwena Shipping and China’s CHI Zhoushan shipyard.