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Regulation & Policy - Offshore Energy

Regulation & Policy

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Regulation & Policy

Norway backs shore power projects with €5.5 million investment

Enova, a Norwegian government enterprise, has revealed that it will invest NOK 64 million (€5.5 million) for shore power projects at Norway’s ports.

about 3 years ago

Illustration/Verdant Power’s RITE Project (Courtesy of US DOE/ Photo by Paul Komosinski, Drone Altitude/for NREL)

Regulation & Policy

US government to fund research to improve offshore wind and marine energy deployments

The US Department of Energy (DOE) and the Department of the Interior (DOI) have unveiled plans to collaborate and jointly fund research to further support durable and environmentally responsible offshore wind and marine energy deployments in the United States.

about 3 years ago

Regulation & Policy

Ammonia-powered ships expected to be 50-130 pct pricier to build

The financial cost of building an ammonia-powered gas carrier is poised to outstrip that of an equivalent gas carrier by a staggering 50 to 130 percent over the forthcoming years. The estimate builds upon findings from interviews with actors across the ship finance space including banks, funds, priv

about 3 years ago

Regulation & Policy

EC publishes terms & conditions ahead of hydrogen bank pilot auction

The European Commission (EC) has published terms and conditions for its upcoming pilot auction dedicated to European renewable hydrogen production under the umbrella of the EU Hydrogen Bank. The auction is funded by the Innovation Fund and is intended to open on 23 November 2023. It will award up to

about 3 years ago

Regulation & Policy

Survey: Passengers interested in paying more for reduced emissions

An impressive majority of 68 percent of Finnish maritime respondents who participated in a recent survey have expressed their willingness to pay more money in exchange for emission reduction on their travels. The EPSI Rating’s Passenger Transport 2023 survey examined the customer experience and cust

about 3 years ago

Regulation & Policy

McDermott firm gets DNV’s blessing for liquid hydrogen cargo containment system

McDermott’s unit CB&I has obtained approval in principle (AiP) from classification society DNV for its design of a liquid hydrogen (LH2) cargo containment system for gas carriers. CB&I developed the containment system in collaboration with Shell International Trading and Shipping Company Limited. Th

about 3 years ago

Regulation & Policy

MISC and SHI’s floating CO2 storage unit wins DNV’s approval

Classification society DNV has issued an approval in principle (AiP) to MISC Berhad and Samsung Heavy Industries (SHI) for their floating CO2 storage unit (FCSU) that aims to enhance the efficiency of the carbon capture and storage (CCS) value chain within the maritime industry. MISC and SHI jointly

about 3 years ago

Regulation & Policy

Wärtsilä and Furetank crack down on methane slip

Finnish marine technology supplier Wärtsilä and Swedish shipping company Furetank are co-developing and testing two technologies showing the potential to halve the methane slip of LNG-fueled ships. Methane slip on LNG-powered vessels refers to the unintentional release of methane, a potent greenhous

about 3 years ago

Regulation & Policy

Green light shines bright for $7.2 billion deepwater oil project in Gulf of Mexico

Woodside has received a stamp of approval from the Mexican regulator, Comision Nacional de Hidrocarburos (CNH), for a field development plan (FDP) covering a deepwater oil project in the Perdido basin in the Gulf of Mexico.

about 3 years ago

Regulation & Policy

Weihai COSCO Technology gets nod for its ammonia fuel supply prototype

COSCO SHIPPING Heavy Industry Technology (Weihai) has won test approval clearance for the company’s ammonia fuel supply system prototype. The marine product test approval was awarded by the China Classification Society (CCS) Qingdao Branch after the system successfully cleared its acceptance test. T

about 3 years ago

Regulation & Policy

COSCO Shipping and OOCL rally behind accelerated shore power infrastructure development

COSCO SHIPPING Lines CO., COSCO SHIPPING Ports and Orient Overseas Container Line (OOCL) have teamed up in a joint initiative to advocate for the widespread adoption of shore power technology. The partnership is being forged at a critical juncture as global efforts intensify to achieve “carbon emiss

about 3 years ago

Regulation & Policy

Wärtsilä rolls out onboard carbon capture and storage feasibility studies

Technology group Wärtsilä has added carbon capture and storage (CCS) feasibility studies to its portfolio of products intended for shipowners and operators. The company has already conducted a number of studies on a range of vessel types including ro-ro and ro-pax vessels, a drill ship, a container

about 3 years ago

Regulation & Policy

Unions set a date for strike action at Chevron’s Australia LNG facilities

Workers at Chevron’s Gorgon and Wheatstone LNG projects in Western Australia will proceed with Protected Industrial Action (PIA), participating in rolling stoppages, bans and limitations which will begin next week. The Offshore Alliance (OA), an alliance between the Australian Workers’ Union and the

about 3 years ago

Regulation & Policy

LNG-bunkering vessel cleared for autonomous navigation

SM Korealine Co., a shipping unit of South Korea’s SM Group, revealed on Monday that its subsidiary Korealine LNG has received official authorization from its flag state of Panama for autonomous sailing operations of its liquefied natural gas (LNG) bunkering ship, named the SM Jeju LNG 2. The LNG bu

about 3 years ago