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Regulation & Policy

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Regulation & Policy

UK unveils £20M fund to propel green shipbuilding

The UK government launched today a £20 million (about $27.7 million) competition to make innovative green maritime ideas a reality.

about 5 years ago
Valaris' Rowan Stavanger jack-up rig
Regulation & Policy

Valaris gets safety order over incident with BOP ram door

Norwegian offshore safety authority has found serious breaches of regulations on a Valaris rig following an investigation of an incident from 2020.

about 5 years ago
Transocean Norge; Source: Equinor
Regulation & Policy

Equinor to use Transocean rig for Oseberg well ops

Norwegian oil major Equinor has received consent from the offshore safety body, the Petroleum Safety Authority (PSA), for drilling and well operations on the Oseberg field using the Transocean Norge drilling rig.

about 5 years ago
A photo of a WindFloat Atlantic floating turbine
Regulation & Policy

Floating wind bill introduced in Oregon

A new bill outlining a plan to develop 3 GW of floating offshore wind capacity in Oregon by 2030 has been introduced in the state’s House of Representatives. If enacted, the bill would establish a task force on floating wind energy and enable planning the development of 3 GW of commercial scale floa

about 5 years ago
Akademik Cherskiy vessel will work on the Nord Stream 2 project
Regulation & Policy

U.S. warns entities involved in Nord Stream 2 to abandon work

The U.S. State Department reiterated its warning that any entity involved in Russia’s Nord Stream 2 offshore pipeline project risks U.S. sanctions.

about 5 years ago
Total: shareholders’ meeting on energy transition and carbon neutrality
Regulation & Policy

Total’s shareholders to vote on energy transition and carbon neutrality

French energy major Total’s energy transition policy and the orientation of investments towards carbon neutrality will be put to the vote of the shareholders at the annual shareholders’ meeting.

about 5 years ago
Santos operates the Van Gogh, Coniston, and Novara fields via Ningaloo Vision FPSO
Regulation & Policy

Regulator approves Santos plan for new Van Gogh wells

NOPSEMA has accepted an environment plan by Santos for the Van Gogh field infill development phase II (VGID2) installation off Australia.

about 5 years ago
An image showing South Fork offshore wind farm location off Rhode Island
Regulation & Policy

New York gives its blessing to South Fork OWF export cable

The New York State Public Service Commission (PSC) has granted a Certificate of Environmental Compatibility and Public Need to the South Fork offshore wind farm’s export cable, which will make landfall at Beach Lane in Wainscott and then run to the Cove Hollow Road substation in East Hampton, where

about 5 years ago
Photo of Peter Scheijgrond, Director of MET-support (Courtesy of ENCORE/Photo by Remco Bohle)
Regulation & Policy

ENCORE welcomes MET-support as new lead partner

The ENCORE project has appointed MET-support as the new lead partner, and three observers to the project including the National University of Costa Rica (UNA), Hogeschool Zeeland Applied University of Sciences (HZ), and DOB-Academy.

about 5 years ago
Stena Spey rig
Regulation & Policy

Kinsale decommissioning preparations in full swing

PSE Kinsale Energy is preparing for the decommissioning campaign of its Kinsale area gas field located in the Celtic Sea off Ireland.

about 5 years ago
Wärtsilä Open Loop Scrubber System
Regulation & Policy

BIMCO: Scrubber-fitted ships nearly double in 15 months

Since January 1, 2020, the number of scrubber-fitted ships has nearly doubled from 2,011 ships to 3,935 by March 1, 2021, data from BIMCO shows. Scrubbers have been a very attractive solution for meeting the IMO 2020 regulation on cutting the sulphur content in marine fuel, especially for bigger ves

about 5 years ago
Shell and Eni acquitted in Nigeria corruption case
Regulation & Policy

Shell and Eni acquitted in Nigeria corruption case

A Milan court has acquitted Shell and Eni in a corruption case related to a $1.3 billion worth acquisition of an oilfield off Nigeria about a decade ago.

about 5 years ago
Christophe Salmon, Group Chief Financial Officer for Trafigura
Regulation & Policy

Trafigura inks its 1st sustainability-linked loan

Commodity trading company Trafigura has closed its first sustainability-linked loan structure worth over $5 billion. The loan structure is comprised of a new 365-day European multi-currency syndicated revolving credit facility totaling $ 1.85 billion, as well as the extension and increase of its $3.

about 5 years ago
The concept for MOWT system (Courtesy of Ecosse IP)
Regulation & Policy

Ecosse IP set to advance MOWT system with TEAMER backing

Scottish technology development company Ecosse IP (EIP) has announced plans to optimise its hydrokinetic system, dubbed Mass of Water Turbine (MOWT), in collaboration with Sandia National Laboratories as part of the U.S. Department of Energy’s TEAMER programme.

about 5 years ago
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