A historic ruling has shaken the energy market this week after a Dutch court ordered oil major Shell to reduce its carbon emissions by 45 per cent by 2030 compared with 2019 levels. The decision was delivered in connection with a climate change case filed against Shell in 2019 by Dutch environmental
There needs to be a greater sense of urgency among global governments in relation to the adoption of policies that would accelerate decarbonization in the shipping sector, the head of the world’s largest container shipping company believes. “Business is ahead of governments on this agenda,” Soren Sk
The shipping industry must reach zero emissions by 2050, and to get there zero-emission ships must become the dominant and competitive choice by 2030, an op-ed signed by big industry names insists. This means that the International Maritime Organization (IMO) would need to step up and revise its dec
The Norwegian Petroleum Directorate has granted Aker BP and Equinor drilling permits for their wells in the Barents Sea and the Norwegian Sea.
The European Marine Energy Centre (EMEC) has launched a consultation on a decommissioning programme for AWS Ocean Energy’s Archimedes Waveswing device that will be tested in the waters off Orkney in summer 2021.
TenneT, Statnett and KfW have officially commissioned the 1,400 MW NordLink interconnector between Norway and Germany. Germany’s Chancellor Angela Merkel and Norway’s Prime Minister Erna Solberg launched the NordLink submarine cable today, 27 May. The so-called ‘Green Cable’ will facilitate the exch
Marine energy company ORPC has submitted a preliminary permit application to the Federal Energy Regulatory Commission (FERC) for a tidal energy project at East Foreland in Alaska.
A Dutch court has ordered Shell to deepen its carbon emissions cuts in a ruling described as the first-of-its-kind, but Shell plans to appeal
The U.S. government has decided to advance areas northwest of Morro Bay and off Humboldt County, California, for offshore wind development. With these two initial areas, the U.S. is opening up the Pacific Coast for commercial scale offshore wind projects. The two areas could accommodate up to 4.6 GW
Texas A&M Engineering Experiment Station (TEES) has been appointed by the U.S. federal agencies to support the ongoing operation and maintenance of the Ocean Energy Safety Institute (OESI).
U.S. President Joe Biden has waived sanctions against the company behind the Nord Stream 2 gas pipeline because the project is nearly complete and the chance it could harm ties with Europe.
Karoon has received a dispute notice from a partner in its operated Block Z-38, offshore Peru, due to an alleged breach of obligations.
The underwater industry is a hugely important asset for the UK, creating highly skilled jobs, driving economic growth and helping to level up across the country, UK Energy Minister Anne-Marie Trevelyan said at a recent Subsea UK event.
The discussion on carbon pricing in the maritime industry is heating up, as industry stakeholders urge for a market-based measure to finally incentivize the sector’s decarbonization journey. In a nutshell, carbon pricing would impose a cost on emitting greenhouse gases (GHGs), pushing the sector to
