Abu Dhabi’s state-owned oil and gas company announced Thursday the discovery of between 1.5 to 2 trillion standard cubic feet of raw gas in an offshore area located in the emirate’s northwest. The discovery comes as Gulf Arab states continue to rely heavily on profits from oil and gas exports, despite rising global temperatures and
Russian coal merchants are proving to be the winners as European buyers, nervous a feared Russian invasion of Ukraine could lead to disrupted gas supplies, stock up on the dirtiest fossil fuel. Despite Europe’s ambitions to reduce carbon emissions to net zero by the middle of the century, which means weaning itself off all fossil
Where decision-makers meet sustainable technologies and innovations ALJ Group invites you to join efforts for a greener maritime future at the 3rd Decarbonizing Shipping Forum in Hamburg on June 21st-22nd! A true shift to a sustainable and carbon-neutral shipping industry not only requires innovative technical solutions but also a shift in the mindsets of people
Petrol not blended with ethanol will get expensive from October, pushing private fuel retailers to sell blended fuel and help boost ethanol consumption. “Blending of fuel is a priority of this Government. To encourage the efforts for blending of fuel, unblended fuel shall attract an additional differential excise duty of Rs 2/ litre from the
To accelerate the maritime decarbonisation journey, the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (the Center) is teaming up with Maersk Broker Advisory Services and McKinsey & Company to offer data-based advisory services on decarbonisation pathways. The service called ‘Fleet Decarbonisation Optimizer’ combines deep industry knowledge and techno- economic analytical capabilities across the three
Plans for a huge project aiming to produce green hydrogen and ammonia have been announced, with those behind it hoping construction of the first phase will begin in late 2023. On Tuesday, Copenhagen Infrastructure Partners announced details of a partnership with Spanish companies Naturgy, Enagás and Fertiberia. Vestas, the Danish wind turbine manufacturer, is also
The Federal Energy Regulatory Commission (FERC) isn’t a household name. But this relatively unknown government agency exerts tremendous influence on the cost of energy and the overall direction of America’s energy policy. Though nominally an independent and unbiased administrative entity, FERC, like the Environmental Protection Agency (EPA), has become highly susceptible to outside political pressures.
Japan’s Mitsui OSK Lines (MOL) has signed a time charter agreement with domestic trading firm Mitsui & Co for an LNG carrier. The 174,000m³ vessel is expected to be delivered in 2024. It will primarily be used to supply LNG for Mitsui & Co projects across the world. The vessel will be equipped with a
Local media of Trinidad and Tobago reported on the Proman’s Stena Pro Patria vessel arriving in the country within a few months. The vessel is the first of three 49,900 dwt methanol dual-fuel MR tankers that Proman and Stena Bulk are building together. It launched in November 2021 at Guangzhou Shipyard, the first Chinese shipyard
Investments in some gas and nuclear power plants would be labelled as sustainable under rules proposed by European Commission on Wednesday, a plan that has split countries and investors, and which some lawmakers will attempt to block. Brussels has taken more than a year to decide if gas and nuclear energy should count as green