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Regulation & Policy

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Greater Buchan Area concept; Source: Jersey Oil & Gas
Regulation & Policy

UK regulator gives its blessing for farm-out deal related to North Sea oil project

Jersey Oil & Gas has received approval from the NSTA for its sale of a partial stake in an asset on the UK Continental Shelf to NEO Energy.

about 3 years ago
KNCC GASA DNV
Regulation & Policy

KNCC all set to order LCO2 carriers featuring its unique containment system

Knutsen NYK Carbon Carriers AS (KNCC) is ready to order LCO2 carriers fitted with its unique Liquefied CO2-Elevated Pressure (LCO2-EP) containment system, the company said. The intention is being revealed on the back of a General Approval for Ship Application (GASA) the company secured for the LCO2-

about 3 years ago
KR backs methanol-fueled MR tanker jointly developed with Korean partners
Regulation & Policy

KR backs methanol-fueled MR tanker jointly developed with Korean partners

Korean Register (KR) has granted an Approval in Principle (AiP) for a methanol-fueled MR tanker, jointly developed by KR, South Korean shipbuilder K Shipbuilding and equipment manufacturer S&SYS. The MR tanker is designed as a dual-fuel vessel, harnessing the power of marine gas oil (MGO) and methan

about 3 years ago
The Valaris 8503 rig was used for Zama appraisal. Source: Talos Energy
Regulation & Policy

Stamp of approval for huge oil field development plan lays the foundation for $4.5 billion investment

Mexico’s regulator has greenlighted a unit development plan (UDP), which Pemex submitted for a giant oil field offshore Mexico.

about 3 years ago
US issues first-ever National Clean Hydrogen Strategy and Roadmap
Regulation & Policy

US issues first-ever National Clean Hydrogen Strategy and Roadmap

The Biden-Harris Administration has released the US National Clean Hydrogen Strategy and Roadmap, a framework for accelerating the production, processing, delivery, storage and use of clean hydrogen. DOE informed that the framework provides a snapshot of hydrogen production, transport, storage and u

about 3 years ago
Valhall PWP-Fenris; Source: Aker BP
Regulation & Policy

North Sea oil & gas projects with $14.9 billion investment tag inch closer to green light

Aker BP is one step closer to getting the final stamp of approval for the development of its oil & gas projects in the North Sea off Norway.

about 3 years ago
Åsgard B platform; Credit: Øyvind Hagen/Equinor
Regulation & Policy

Inquiry into fire incident at Norwegian offshore gas platform draws to a close

Norwegian offshore safety regulator has finished investigating a fire incident on a platform in the Norwegian Sea.

about 3 years ago
Yongsoo wave energy plant (Images by KRISO/Courtesy of IEA-OES)
Regulation & Policy

Wave energy plant in South Korea to produce green hydrogen

The Yongsoo wave energy pilot plant, installed offshore Jeju Island in South Korea, is being prepared to produce green hydrogen.

about 3 years ago
Hebron platform; Source: ExxonMobil
Regulation & Policy

Probe into incident with ‘potential for fatality’ at ExxonMobil’s Hebron platform underway

ExxonMobil has launched an investigation into the root cause of a near-miss incident at the Hebron platform offshore Newfoundland and Labrador.

about 3 years ago
Depsea Yantai rig; Source: Odfjell Drilling
Regulation & Policy

Go-ahead for two oil & gas firms to drill in North Sea with Odfjell rigs

Aker BP and Neptune Energy have received consent from Norway’s offshore safety regulator for exploration drilling in the Norwegian North Sea.

about 3 years ago
The Blue Energy pilot plant (Courtesy of Friesland Province)
Regulation & Policy

Dutch province grants €1.2 million for osmotic power pilot scale-up

Dutch province of Friesland has made available €1.2 million for scaling up the Blue Energy project, which generates clean electricity through the osmosis process.

about 3 years ago
Illustration; Source: American Petroleum Institute (API)
Regulation & Policy

Natural gas hailed as backbone of energy mix with security of supply and decarbonisation vying for attention

Natural gas is still forecasted to play a crucial role and act as a trump card while the world embraces the race to net-zero.

about 3 years ago
Australia and US to boost collaboration on clean energy
Regulation & Policy

Australia and US to boost collaboration on clean energy

Australia and the United States (US) have committed to enhance bilateral cooperation under a Climate, Critical Minerals and Clean Energy Transformation Compact, establishing climate and clean energy as a central pillar of the Australia-US Alliance. According to a joint statement from the PM of Austr

about 3 years ago
In focus: Investments in clean energy to top $1.7 trillion in 2023
Regulation & Policy

In focus: Investments in clean energy to top $1.7 trillion in 2023

Worldwide investments in clean energy are projected to reach $1.74 trillion in 2023, a 7.6 percent increase compared to $1.617 trillion invested in green energy in 2022, according to a recent report by the International Energy Agency (IEA). The investments in fossil fuels are also expected to rise,

about 3 years ago
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