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Regulation & Policy

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Regulation & Policy

INTERCARGO: CII cannot be used to achieve desired decarbonisation goals

The International Association of Dry Cargo Shipowners (INTERCARGO) has joined the critics of the Carbon Intensity Indicator (CII) framework voicing opposition to its use as a benchmark for medium-term measures as part of the IMO’s revised GHG Strategy. INTERCARGO said that its members expressed thei

about 3 years ago
Oil & gas players looking into electrification of West of Shetland assets with onshore and offshore wind
Regulation & Policy

Wind power in the running for electrification of West of Shetland oil & gas assets

BP, Equinor and Ithaca Energy have inked a deal to explore electrification options for their West of Shetland portfolio of oil and gas assets.

about 3 years ago
Illustration/Marmok-A5 wave energy device deployed off Basque coast at BiMEP (Courtesy of EVE)
Regulation & Policy

Spain adopts regulatory framework for €200M grant program for marine renewables

The Ministry for the Ecological Transition and the Demographic Challenge (MITECO) of Spain has published a document which sets out the regulatory bases for the allocation of state grants for the development of marine renewable energy pilot projects and associated infrastructure.

about 3 years ago
DNV: With mid-century targets out of range, UK requires ‘clear roadmap’ to reach net-zero goals
Regulation & Policy

DNV: With mid-century targets out of range, UK requires ‘clear roadmap’ to reach net-zero

DNV: As the UK is not on track to meet its mid-century targets, “a clear roadmap” needs to be set up to achieve net-zero by 2050.

about 3 years ago
Liverpool’s mayor Steve Rotheram (left) with K-water’s vice president Jeong kyeongyun during the signing of the MoA (Courtesy of Liverpool City Region Combined Authority)
Regulation & Policy

Liverpool eyes South Korean know-how on tidal range power projects

Liverpool City Region has signed an agreement with Korea Water Resources Corporation (K-water) to cooperate and share lessons that could help the region develop the world’s largest tidal power scheme on the River Mersey.

about 3 years ago
Canadian player expanding oil producing portfolio off Thailand
Regulation & Policy

More oil producing assets for Canadian firm in Gulf of Thailand

Valeura Energy is extending its portfolio offshore Thailand, after entering into a sale and purchase agreement (SPA) with Mubadala Petroleum.

about 3 years ago
Germany opens €900 million call for import of green hydrogen derivatives
Regulation & Policy

Germany opens €900 million call for import of green hydrogen derivatives

Following the recent establishment of the world’s first financing platform for tailored financing of infrastructure for green hydrogen, Germany is now looking to award nearly €1 billion (€900 million) in funding for the import of hydrogen derivatives. On 5 December, the Federal Ministry for Economic

about 3 years ago
Airseas
Regulation & Policy

Lift-off: Watch as Airseas kite system takes to the air during sea trials

France-based wind propulsion developer Airseas has revealed the first pictures and video footage of its automated kite system Seawing in flight during ongoing transatlantic sea trials. The material is being revealed following the completion of the crucial initial stages of the trials, which are taki

about 3 years ago
Wheels in motion to tie-back field carrying name of god from Norse mythology to Norwegian Sea FPSO
Regulation & Policy

Field bearing name of god from Norse mythology to be tied back to existing FPSO

Equinor has submitted a plan for the development and operation (PDO) of a Norwegian Sea field to Norway’s Ministry of Petroleum and Energy.

about 3 years ago
Minesto sets sights on tidal energy potential of Indonesia (Courtesy of Minesto)
Regulation & Policy

Minesto inks collaboration deals for tidal energy projects in Indonesia

Swedish company Minesto has signed two collaboration agreements to explore the development of tidal energy projects in in Nusa Tengara Barat region in Indonesia.

about 3 years ago
West Elara jack-up rig; Source: Seadrill
Regulation & Policy

Seadrill tasked with addressing nonconformities on jack-up rig

Norwegian offshore safety regulator has carried out an audit of maintenance management on one of Seadrill’s jack-up rigs.

about 3 years ago
Denmark awards first CO2 storage permit
Regulation & Policy

Denmark awards first CO2 storage permit

The Danish Energy Agency has granted the first-ever permit for a CO2 storage project in Denmark. The project includes the injection and storage of up to 15,000 tonnes of CO2 in a former oil field over a four-month period. INEOS E&P and Wintershall Dea have been granted permission to begin a time- an

about 3 years ago
North Sea field secures life extension
Regulation & Policy

North Sea field secures life extension

Sval Energi has received consent from Norway’s regulator to use the facilities on a North Sea field off Norway beyond their original lifespan.

about 3 years ago
Will the UK’s huge new oil & gas project overcome the hurdles in its path?
Regulation & Policy

Will the UK’s huge new oil & gas project overcome the hurdles in its path?

Rosebank, located West of Shetland, is now facing additional obstacles that may hinder its progress and delay the sanctioning yet again.

about 3 years ago
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