NEO Energy and its partners, Serica Energy and Jersey Oil & Gas (JOG), are still waiting for the fiscal and regulatory uncertainty surrounding the UK’s oil and gas scene to clear up, once the government wraps up its environmental guidance revamp for oil and gas projects, to move full steam ahead wit
ConocoPhillips has received a green light for its environment plan (EP), which sets a timeline for the start-up of its upcoming Otway exploration drilling program (OEDP) in 2025. The exploration campaign will be conducted with a semi-submersible rig owned by Transocean.
The EU Ship Recycling Regulation (SRR), in place since 2018, has largely met its objectives, but its further progress hinges on responsible practices of shipowners, a ‘considerable’ number of whom have “actively undermined” the guideline’s success, a new evaluation by the European Commission argues.
UK-based upstream oil and gas player Serica Energy has secured an extension of a sanction waiver from the United States Office of Foreign Assets Control (OFAC) for its field in the UK sector of the North Sea.
India’s Chidambaranar Port Trust, said to be the ‘third largest’ container terminal in the country, has laid the first stone of India’s inaugural pilot-scale port decarbonization project centered around alternative fuel sources, Italian marine classification society RINA has shared. According to RIN
The Dutch Port of Rotterdam and Belgian Port of Antwerp-Bruges have welcomed the Clean Industrial Deal, through which the European Commission intends to strengthen the competitiveness of European industry, emphasizing that now is the time to concretize the announced measures.
Draft amendments to Bangladesh’s ship recycling and hazardous waste management legislation have been developed to align the shipbreaking industry with international environmental standards and safety regulations, the International Maritime Organization (IMO) has revealed. According to IMO, the propo
The European Union has unveiled the Clean Industrial Deal, a transformational business plan outlining concrete actions to turn decarbonization into ‘a driver of growth‘ for European industries by supporting renewable energy sources. Specifically, the plan aims to lower energy prices, create ‘quality
The Office of the United States Trade Representative (USTR) has proposed a measure to charge a fee of up to $1.5 million for Chinese-built vessels entering US ports in an attempt to curb China’s dominance in shipping, shipbuilding and logistics sectors.
As a response to a number of recent subsea cable incidents that caused disruptions in the EU, the European Commission and the High Representative have launched an action plan to strengthen the security and resilience of this critical infrastructure, covering both power and communication cables. The
CORE POWER, NorthStandard and Lloyd’s Register (LR) have jointly published a report that sets out a policy framework for the UK government to support the deployment of advanced small nuclear reactors on commercial ships and floating nuclear power plants (FNPPs).
The European Council has adopted the 16th package of sanctions against Russia to ‘ramp up’ the pressure on the country’s so-called ‘shadow’ fleet as well as curb attempts to circumvent the measures. Now well into its fourth year, Russia’s aggression on Ukraine continues to disturb the balance of glo
French Energy Regulatory Commission (CRE) and Great Britain’s independent energy regulator Ofgem have come to an agreement to continue exploring further electricity interconnection development opportunities of around 1 GW capacity between France and the UK. The countries have an electricity partners
After concluding the Malaysia Bid Round 2024 (MBR 2024) by signing two offshore production sharing contracts (PSCs) with Japan’s Inpex Corporation through its subsidiary Malaysia Petroleum Management (MPM), Malaysia’s state-owned energy player Petronas has announced a new licensing round.
