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    Category: Regions

    Methanol bunker fuel trial

    Deendayal Port Authority says it has completed India’s first methanol bunkering demonstration at Kandla port, furthering its port bunkering capabilities and alternative fuels provision aims. The authority says that the shore-to-ship methanol transfer marks a milestone for port infrastructure development aligned with maritime decarbonisation goals. Conducted on 2 April, the trial brought together multiple industry partners to validate operational readiness and safety procedures for handling alternative fuels within a working port environment.

    Devon and Coterra merger creates shale major

    Devon Energy has signed a definitive merger agreement with Coterra Energy. The companies say that the combination will create a leading shale operator with a high-quality asset base anchored by a premier position in the economic core of the Delaware Basin. The combined company will be named Devon Energy and will be headquartered in Houston while maintaining a significant presence in Oklahoma City. The companies say that they have identified $1 billion in annual pre-tax synergies which, together with technology-driven capital efficiency gains and optimised capital allocation will drive near and long-term per share growth.