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
BHP, the largest Australian mining company, has marked the delivery of the first of five bulk carriers that will be powered by liquefied gas instead of highly polluting bunker fuel to transport shipments of iron ore from the Pilbara to Asia. As part of the mining giant’s efforts to slash emissions across its supply chain,
US mines produced approximately $90.4 billion in mineral commodities in 2021—a $9.7 billion increase over the 2020 revised total of $80.7 billion—according to the US Geological Survey USGS. This information comes from the 27th annual Mineral Commodity Summaries report from the USGS National Minerals Information Center. The report is a comprehensive source of 2021 mineral
Scrubbers will likely continue to play a significant role in the marine fuel mix over the near-to-medium term despite the global push for cleaner fuels, with the latest results from Dorian LPG’s scrubber operations showing a 48% capital expenditure payback. “Fuel spreads during Q4 2022 [October-December] widened between LSFO [low sulfur fuel oil] and HSFO
It is simple maths. No matter how many new renewables we build, if we keep increasing the amount of fossil fuels we burn, global carbon emissions will continue to rise. To have any hope of cutting emissions, the basic first step must be to stop investing in fossil fuels — hence The Independent’s Stop Fuelling
The threat of disruptions to Europe’s gas supply from Russia, in the event the West imposes sanctions if Russia invades Ukraine, has prompted a debate about the need for long-term liquefied natural gas (LNG) contracts. The United States has in recent weeks asked Qatar and other major gas producers whether they can send extra gas
TFG Marine Pte Ltd, the global marine fuel supply and procurement joint venture between Trafigura Group Pte and shipping firms Frontline and Golden Ocean, has supplied its first carbon offset bio-blend bunker fuel (B30) to global dry bulk shipping company Western Bulk Chartering AS (“Western Bulk”). TFG Marine supplied 750 mt of B30 VLSFO bunker
India will more than double the area that is under exploration and production of oil and gas to 0.5 million square kilometre by 2025 and to 1 million sq km by 2030 with a view to raising domestic output and cut reliance on imported fuel, Petroleum Minister Hardeep Singh Puri said on Friday. The world’s
With plans of sustainable development and implementing mitigation measures amid the threat of climate change, BMC budget for 2022-23 has focused on new projects aiming towards ‘NetZero’ (zero emission of greenhouse gas). Curbing air pollution, pushing for electric vehicles and charging stations, setting up an independent climate action cell (CAC) as well as seeking energy
Kazakhstan has asked the foreign companies operating its main oilfields to supply the domestic market so it can boost its refining industry and tackle the rising fuel prices that led to violent protests in January. Energy minister Bolat Akchkulakov said Kazakhstan can’t ramp up domestic refining without supplies from the foreign-led consortia operating its Tengiz,