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UK and India poised to sign wide-ranging free trade agreement | United Kingdom

UK Business and Trade Secretary Jonathan Reynolds and India Commerce Minister Piyush Goyal are poised to sign a free trade agreement today. The UK government claims the deal will add £6bn in new investment, creating jobs in aerospace, technology and manufacturing, and up to £4.8bn to UK economic output. The UK already imports £11bn in goods from India, but liberalised tariffs on Indian goods will make it easier and cheaper to buy their products. India’s average tariff on UK products will drop from 15% to 3% and UK businesses will now be able to bid for approximately 40,000 Indian tenders for goods, services and construction projects. Notably for industrial gases, the deal commits both sides to work together to support development, uptake, and distribution of green technologies in clean energy industries. One exemplar business in… Read More »UK and India poised to sign wide-ranging free trade agreement | United Kingdom

Shell signs off on Egypt’s Mediterranean gas project

BG International, an affiliate of UK-headquartered energy major Shell, has taken a final investment decision (FID) to develop a gas discovery in Egypt’s Mediterranean Sea. The post Shell signs off on Egypt’s Mediterranean gas project appeared first on Offshore Energy.

MOL: Newly consolidated company to manage 200+ vessels

Over 200 vessels will be managed by MOL Global Ship Management (MOLGSM) after Japanese shipping major Mitsui O.S.K. Lines consolidated its in-house ship management companies. The post MOL: Newly consolidated company to manage 200+ vessels appeared first on Offshore Energy.

Teekay Tankers runs multiple ships on Burando Energies’ biofuel in ARA region

Marine energy transportation company Teekay Tankers has teamed up with marine fuels supplier Burando Energies to deploy B100 ISCC-certified FAME residue on multiple vessels across the Amsterdam-Rotterdam-Antwerp (ARA) region. The post Teekay Tankers runs multiple ships on Burando Energies’ biofuel in ARA region appeared first on Offshore Energy.