To meet the growing market demand for a straightforward entry to digitalization, ABB has launched a new solution for collecting and recording vessel performance data onboard. ABB Ability™ OneBox – Marine Signals Monitoring transfers the signals from shipboard sensors to cloud infrastructure for access and analysis by the shipowner. Increased insight and continuous learning about
One week after Glasgow, 174 governments will meet this week at the International Maritime Organization (IMO) in London to address the pressing carbon emission reduction challenges facing international shipping, in what industry is calling the ‘first litmus test’ of government’s decarbonisation commitments following COP26, according to ICS’s release. A critical meeting of the Marine Environment
In 2020, engineer Vishal Prasad Gupta received approval from the Union Ministry of Petroleum and Natural Gas to set up ‘More Mileage’, his own petrol pump, in Ranchi, Jharkhand. The 42-year-old has been credited with innovating a biofuel manufactured from a species of microalgae native to Jharkhand’s ponds, which he says is not only more
Indian refiners’ crude oil throughput in October rose from the previous month, government data showed on Tuesday, in tandem with a jump in fuel consumption to the highest in seven months. Refiners processed 4.96 million barrels per day (bpd) (20.96 million tonnes) last month, up 11.5% from 4.45 million bpd in September, the data showed.
Some Oregonians are increasingly pushing for the state to divest from fossil fuel companies and other controversial investments, but the state treasury is resisting and putting the onus on the Legislature. In addition to fossil fuel companies whose products are a main driver of global warming, the state employee retirement fund is also invested in
India Ratings and Research (Ind-Ra) has published the September 2021 edition of its credit news digest on India’s oil and gas sector. The report highlights the trends in the sector, with a focus on domestic production, import, consumption, refining and gross under-recovery, regulatory changes and recent rating actions. Ind-Ra believes that natural gas (NG) prices
Fuel cells running on hydrogen gas could serve as a gasoline alternative in cars of the future. However, most hydrogen gas is derived from extracted natural gas, so an alternative method of producing the hydrogen, such as water splitting, is necessary to avoid using fossil fuels altogether, according to Lauren Greenlee, associate professor of chemical
Growth in petrol and diesel combined will likely decline to 1.5 per cent per annum this decade, compared with 4.9 per cent in the last, because of increasing blending of ethanol with petrol, and rising usage of vehicles powered by compressed natural gas (CNG) and electricity (EVs). The trend will also be persuaded by policy
With the Biden administration considering a possible cut in Renewable Fuel Standard volumes to bring down gasoline prices, some say he is breaking a campaign promise. Congress created the renewable fuel standard program to reduce greenhouse gas emissions and expand the nation’s renewable fuels sector and become less dependent on foreign oil. The idea of
COP26 president and Conservative MP Alok Sharma has said financial advisers have a huge role to play in helping developing countries transition from fossil fuels to renewable energy. Speaking to advisers at AJ Bell’s Investival 2021 in London today (18 November), Sharma (pictured) said advisers have a part to play in ensuring money set aside