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Asia/Pacific

China's SPIC plans $5.9-B investment turning green hydrogen into fuel

China's State Power Investment Corp announced a $5.85-B investment plan in northeast China to produce fuel from hydrogen produced from wind power, according to a company official and a local government report.

X-Press Feeders plans to use green methanol for ships in Europe in Q2 2024

Singapore-based container shipper X-Press Feeders plans to use green methanol bunker to fuel part of its fleet in Europe in the second quarter of 2024.

China Shipbuilding’s and Lemissoler’s first methanol-fueled Ultramax bulk carrier receives ABS approval

ABS issued an approval in principle to Lemissoler Navigation for its design of a 65K DWT methanol-fueled Ultramax bulk carrier, the first such methanol vessel for China’s shipbuilding industry.

Australia's Woodside, Santos in talks for $53-B oil-gas merger

Australia energy companies Woodside and Santos Ltd said that they are in preliminary merger talks, in what could be the latest big deal in a wave of global consolidation the in oil and gas sector.

India’s Russian oil imports seen rising on lower prices

Easing global oil prices would help India boost imports from Russia as a lower than $60 a barrel price of Russian oil will enable buyers to use Western services such as insurance and ships.

Indonesia allots 13.41 MM kiloliters of biodiesel for mandatory blending in 2024

Indonesia has allotted 13.41 million kiloliters of biodiesel for mandatory blending in 2024, slightly more than this year's allocation.

India curbs ethanol production from cane juice to boost sugar supplies

India directed sugar mills not to use cane juice or syrup to produce ethanol, as New Delhi tries to increase sugar supplies by curtailing ethanol production.

Venezuela's PDVSA authorizes first two oil cargoes to India after sanctions relief

Venezuelan state oil company PDVSA has assigned loading windows in December to two vessels bound for India under crude spot deals with Italy's ENI and U.S.-based Chevron, an internal company document showed.

Global airlines body urges oil sector to invest more in sustainable fuel

The oil and gas sector and alternative fuel producers need to beef up efforts to produce greener aviation fuel to help airlines cut carbon emissions.

Lummus and Toshiba announce partnership for advanced carbon capture solutions

Lummus Technology and Toshiba Energy Systems & Solutions Corporation announced a master collaboration agreement to jointly pursue carbon capture projects.