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Regulation & Policy - Offshore Energy

Regulation & Policy

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Deepsea Stavanger rig; Source: Odfjell Drilling

Regulation & Policy

Another North Sea well comes up dry

Equinor has completed the drilling of a wildcat well near the Troll field in the Norwegian sector of the North Sea but failed to find hydrocarbons.

about 3 years ago

Pharos assets in Vietnam; Source: Pharos Energy

Regulation & Policy

With farm-out talks ongoing, UK oil & gas firm secures extension for two blocks off Vietnam

Pharos Energy Plc has received a licence extension for two blocks located in the moderate to deepwater Phu Khanh Basin offshore Vietnam.

about 3 years ago

Regulation & Policy

CMB: Retrofit of ammonia-ready CMA CGM Masai Mara will be easy

The world’s first ammonia-ready containership CMA CGM Masai Mara, which was recently delivered from Chinese shipbuilder Qingdao Shipyard, promises to revolutionize the container shipping industry as the vessel readies to use ammonia as a viable fuel source. The 5,900 TEU engineering marvel sets a tr

about 3 years ago

Johan Sverdup field in the North Sea; Credit: Lizette Bertelsen & Jonny Engelsvoll/Equinor

Regulation & Policy

Speed and scale of ‘fragmented’ energy transition not up to par with net-zero by 2050 targets

Equinor outlines in its new report that the 1.5-degree goal set in the Paris Agreement is becoming increasingly difficult to achieve.

about 3 years ago

Illustration/The AR1500 tidal energy turbine (Courtesy of SIMEC Atlantis Energy)

Regulation & Policy

Alderney invites bids for new tidal energy projects

The government of Alderney has invited global tidal energy developers to submit proposals on how they would harness the estimated 3GW of tidal energy resources around the northernmost Channel island.

about 3 years ago

Regulation & Policy

GCMD survey unveils decarbonization blind spots: Industry cannot decarbonize without conservatives

Singapore-based Global Centre for Maritime Decarbonization and Boston Consulting Group have revealed major insights from the Global Maritime Decarbonization Survey during a presentation held at Nor-Shipping 2023’s Tradewinds Ocean Stage. The survey sheds light on the current state of maritime decarb

about 3 years ago

Regulation & Policy

In focus: Clean fuels make a grand entrance into maritime and offshore energy space

The decarbonization of maritime industry is increasingly picking up pace, led by new zero-emissions and hybrid-powered vessels, as ever-innovative offshore renewables sector finds new ways to produce green hydrogen – one of the most promising clean fuels in the energy transition story.

about 3 years ago

Regulation & Policy

Spanish government greenlights El Musel LNG terminal start-up

El Musel LNG terminal in Gijón has received administrative authorization for its start-up from the Spanish Ministry for the Ecological Transition and the Demographic Challenge. According to the Spanish energy company Enagás, the technical conditions for the provision of LNG logistics services at the

about 3 years ago

Regulation & Policy

US: Clean Shipping Act 2023 introduced to help curb GHG emissions from ships

Members of the U.S. Congress have introduced the Clean Shipping Act of 2023, to set a path to eliminate greenhouse gas (GHG) emissions from all ocean shipping companies that do business with the United States.

about 3 years ago

Shearwater platform (illustration); Source: Shell

Regulation & Policy

UK’s tax changes: First step to ‘restore confidence’ in oil & gas sector and safeguard energy security

The UK has now made adjustments to the oil and gas tax terms in a bid to protect the country’s energy security.

about 3 years ago

Regulation & Policy

Confirmation of ‘significant’ oil discovery in North Sea comes with details galore

Aker BP recently revealed a new oil discovery in the North Sea off Norway, which was made using a Saipem-owned rig.

about 3 years ago

Guangzhou Shipbuilding International EPS

Regulation & Policy

Eastern Pacific inks deal for up to 4 dual-fuel LR II tankers with GSI

Singapore-based ship management company Eastern Pacific Shipping (EPS) has signed a construction contract for 2+2 LNG dual-fuel LRII tankers with Chinese shipyard Guangzhou Shipbuilding International Co., a subsidiary of China State Shipbuilding Corporation, and CSSC Trading. The order for the 111,0

about 3 years ago

Regulation & Policy

What impact will OPEC+ cuts have on global and US oil & gas production?

The EIA expects global oil production to be lower than anticipated after OPEC+ announced extension of its crude oil production cuts.

about 3 years ago

Regulation & Policy

DNV approves GTT’s latest developments in alternative fuels

French LNG containment specialist GTT has received three Approvals in Principle (AiPs) from classification society DNV for its latest developments in alternative fuels, two of which were developed with the support of Finnish ship designer Deltamarin. The approvals were presented to representatives o

about 3 years ago