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Regulation & Policy

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Legal showdown underway as Cotemar moves to freeze almost $60M in American Bureau of Shipping subsidiary’s assets
Regulation & Policy

Legal showdown underway as Cotemar moves to freeze almost $60M in American Bureau of Shipping subsidiary’s assets

The long-running financial standoff between Mexico’s offshore specialist Cotemar and ABSG Consulting, a subsidiary of American Bureau of Shipping (ABS), has intensified, with the former now turning to the New York State Supreme Court to restrict the U.S. government contractor’s access to nearly $60

23 hours ago
Photo caption (L to R): Matthew Tremblay, ABS Senior Vice President, Global Offshore Markets; Rostom Merzouki, ABS Vice President, Global Sustainability; John Ki Lim, Hanwha Ocean General Manager and
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Regulation & Policy

Hanwha Ocean’s design solution allowing LNG carrier’s switch to ammonia gets ABS’ thumbs-up

The American Bureau of Shipping (ABS), a classification society, has handed out approval in principle (AIP) for a multi-purpose fuel tank and fuel gas supply system design that enables a liquefied natural gas (LNG) carrier (LNGC) to shift from LNG to ammonia fuel without replacing the fuel tank or f

3 days ago
FLNG; Source: Exmar
Regulation & Policy

Exmar’s FLNG conversion earns Bureau Veritas’ seal of approval

An approval in principle (AiP) from Bureau Veritas Marine & Offshore (BV), part of Bureau Veritas Group, is paving the way for Belgian shipping company Exmar to breathe life into its floating liquefied natural gas (FLNG) concept based on the conversion of an existing membrane-type LNG carrier.

3 days ago
Denmark opens EU’s first full-scale CO2 storage site
Regulation & Policy

Denmark opens EU’s first full-scale CO2 storage site

King Frederik X of Denmark has opened the first full-scale CO2 storage site in the EU, led by INEOS Energy, with partners Harbour Energy and the Danish North Sea Fund (Nordsøfonden). Project Greensand was in December 2022 granted an exploration permit for the injection and storage of up to 15,000 to

4 days ago
Representatives from the project partners at the Design Appraisal presentation ceremony; Source: Lloyd's Register
Regulation & Policy

Fore-accommodation LNG carrier with four Wind Challenger sails clears LR design appraisal

A new liquefied natural gas (LNG) carrier design that moves the accommodation block and bridge to the bow to make room for four wind-assisted sails has cleared a key technical milestone, with Lloyd’s Register, a maritime classification society, affirming technical readiness of the HD Hyundai Heavy I

6 days ago
Scarabeo 8; Source: Saipem
Regulation & Policy

Fresh gas discovery augments Aker BP’s North Sea arsenal

Norwegian oil and gas company Aker BP has struck gas in the North Sea, opening up a new opportunity 25 kilometers north of the Duva field. The operator and its partners will now assess whether the discovery could be commercially viable.

6 days ago
Offshore platforms
Regulation & Policy

Valeura advances Gulf of Thailand expansion with PTTEP farm-in approval

Canadian oil and gas company Valeura Energy has received the go-ahead for its acquisition of partial stakes in two offshore blocks in the Gulf of Thailand from Thailand’s national oil and gas player, PTT Exploration and Production Public Company Limited (PTTEP).

6 days ago
Illustration of FPSO with full scale (100 MW) SOFC installation with integrated carbon capture; Source: MODEC
Regulation & Policy

MODEC, Eld Energy chart path to low-carbon FPSO power with ABS milestone

Japan’s MODEC and Eld Energy, a Norwegian fuel cell system company, have cleared a key milestone in the new technology qualification (NTQ) process from the American Bureau of Shipping (ABS), advancing their solid oxide fuel cell (SOFC) power system toward deployment on operating floating production,

7 days ago
COSL Innovator rig; Source: COSL Drilling Europe
Regulation & Policy

Thumbs-up for Equinor’s North Sea drilling ops with COSL rig

Norway’s state-owned energy giant Equinor has secured a drilling permit for operations in the North Sea on the Norwegian Continental Shelf (NCS), which will be undertaken with a semi-submersible rig owned by COSL Drilling Europe, an offshore drilling contractor.

7 days ago
21 companies apply for Norway’s new oil & gas exploration areas
Regulation & Policy

21 companies apply for Norway’s new oil & gas exploration areas

The Norwegian Ministry of Energy has received applications from 21 companies showing interest in new exploration areas on the Norwegian Continental Shelf (NCS) as part of this year’s Awards in predefined areas (APA) licensing round. APA 2026 was announced on May 5, with applications closing on Septe

11 days ago
ABS certifies FPSO design for South American and West African deep waters
Regulation & Policy

ABS certifies FPSO design for South American and West African deep waters

South Korea’s Hanwha Ocean has secured a basic design review (BDR) certification from ABS for a standardized floating production, storage and offloading (FPSO) design developed for the South American and West African deepwater market, as well as related sustainability reviews. The review included th

13 days ago
Vertical Corridor expands into Western Balkans; Source: Gastrade
Regulation & Policy

Boost for Europe’s energy diversification and cross-border gas flows as Western Balkans plug into Vertical Corridor

The Vertical Corridor is expanding into the Western Balkans, with North Macedonia and Serbia joining the regional gas initiative in a move set to strengthen energy diversification, cross-border connectivity, and security of supply from Greece to markets across Southeast and Central Europe.

14 days ago
Grid-connected wave energy test facility opens in US
Regulation & Policy

Grid-connected wave energy test facility opens in US

The first fully operational, pre-permitted and grid-connected wave energy test facility in the continental U.S. has opened for business. Officially opened on August 27, PacWave South is located off the coast of Newport, Oregon, and has been developed through the collaboration of the U.S. Department

15 days ago
Left to righ: SI Nan, Marine & Offshore Marketing Department Vice Director, MARIC; Ci Hongen, Vice Chief Engineer of Merchant Ship Dept., MARIC; Zhang Chao, Director of Merchant Ship Department, MARIC
Regulation & Policy

Keeping fuel options open as uncertainty drives tri-fuel-ready tanker concept

Lloyd’s Register (LR), the UK-based classification society, and the Marine Design and Research Institute of China (MARIC) have unveiled a tri-fuel-ready tanker concept designed to give owners flexibility to pursue liquefied natural gas (LNG), methanol, or ammonia as fuel technologies, infrastructure

18 days ago