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Regulation & Policy

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Development and operation plan handed in for Northern Lights expansion
Regulation & Policy

Development and operation plan handed in for Northern Lights expansion

Some five days after taking the final investment decision (FID), Northern Lights joint venture (JV) partners Equinor, Shell and TotalEnergies have submitted the plan for development and operation (PDO) to the Norwegian Ministry of Energy for the expansion of the namesake CO2 transport and storage de

about 1 year ago
BV
Regulation & Policy

BV greenlights MARIC’s 155,000 cbm ethane carrier

French classification society Bureau Veritas Marine & Offshore (BV) has awarded approval in principle (AiP) to China’s shipbuilding R&D institute Marine Design and Research Institute of China (MARIC) for its new 155,000 cbm ultra large ethane carrier (ULEC) design.

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about 1 year ago
Artist's rendering of the Cedar LNG facility; Source: Cedar LNG
Regulation & Policy

Public input requested for proposed tweaks to Canada’s $4B LNG project

Shortly after a liquified natural gas (LNG) project got picked to get millions in support from the Canadian government, the Impact Assessment Agency of Canada (IAAC) has set the wheels in motion to kick off a public comment period on proposed amendments to the decision statement for the project’s fl

about 1 year ago
LR approves ammonia dual-fuel system design for Trafigura’s newbuilds
Regulation & Policy

LR approves ammonia dual-fuel system design for Trafigura’s newbuilds

The ammonia dual-fuel system designed for medium gas carriers (MGCs) being built for Trafigura has been approved by classification society Lloyd’s Register (LR).

about 1 year ago
Chevron-operated Leviathan gas asset (for illustration); Source: NewMed Energy
Regulation & Policy

BP and SOCAR join NewMed in grabbing slice of multi-license gas exploration pie off Israel

Israel’s Ministry of Energy and Infrastructure has put its stamp of approval on six licenses in a fourth competitive process for natural gas exploration in the State of Israel’s Exclusive Economic Zone (EEZ). The list of license winners entails Azerbaijan’s SOCAR, NewMed Energy – former Delek Drilli

about 1 year ago
North Sea; Source: OEUK
Regulation & Policy

$452 billion shot in UK economy’s arm on the table with oil & gas and other homegrown energy

With forecasts indicating that the United Kingdom (UK) will need billions of oil and gas barrels by 2050 amidst the ongoing economic challenges and energy market headwinds and tailwinds, Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has outlined in its new repor

about 1 year ago
SRC
Regulation & Policy

Retrofit methanol storage solution from SRC Group wins RINA’s nod of approval

UK-based marine and offshore solutions provider SRC Group’s retrofit methanol storage technology has received the go-ahead via an approval in principle (AiP) from Italy-based classification society RINA. As disclosed, the approval in principle took account of the International Maritime Organization’

about 1 year ago
With phase 1 fully booked, Northern Lights partners take €662M FID for second phase
Regulation & Policy

With phase 1 fully booked, Northern Lights partners take €662M FID for project expansion

Northern Lights joint venture (JV) partners Equinor, Shell and TotalEnergies have made a final investment decision (FID) to progress phase two of the namesake CO2 transport and storage development. This will increase the project’s transport and storage capacity from 1.5 million to over 5 million ton

about 1 year ago
OceanWings
Regulation & Policy

OceanWings gets ClassNK AiP for its wind propulsion tech

Japanese classification society ClassNK has issued an approval in principle (AiP) for a rigid windsail type wind-assisted propulsion system (WAPS) developed by French designer and manufacturer OceanWings.

about 1 year ago
KOBC
Regulation & Policy

Success or downfall on the horizon: Maritime decarbonization is standing at the crossroads

The upcoming International Maritime Organization’s (IMO) climate talks are set to decide the fate of the maritime sector’s decarbonization, which is a prerequisite for decarbonizing the global economy as a whole.

about 1 year ago
NYK: LCO2 carrier and FLSU design secure ClassNK’s approval
Regulation & Policy

NYK: LCO2 carrier and FLSU design secure ClassNK’s approval

Knutsen NYK Carbon Carriers (KNCC), a subsidiary of Japanese shipping company NYK and Norway’s vessel operator Knutsen Group, has received approval in principle (AiP) from classification society ClassNK for the design of liquefied CO2 carriers with elevated pressure cargo tanks (LCO2-EP) and a float

about 1 year ago
16 applicants pursuing Denmark's $4.1 billion carbon capture and storage fund
Regulation & Policy

16 applicants pursuing Denmark’s $4.1 billion carbon capture and storage fund

The Danish Energy Agency has received applications from 16 companies in the call for its third fund for carbon capture and storage (CCS) projects, with DKK 28.7 billion (around $4.1 billion) available to help Denmark in its path to climate neutrality. The CCS Fund will cover the costs of capture, tr

about 1 year ago
EU
Regulation & Policy

EU urged to take action to end ‘dumping’ of toxic ships and support capacity building

Belgian NGO Shipbreaking Platform has called on the European Commission to take measures that will end the “dumping” of toxic ships and boost capacity for sustainable ship recycling.

about 1 year ago
Prysmian, N-Sea join efforts to improve submarine cable security under 7-year deal
Regulation & Policy

Prysmian, N-Sea join efforts to improve submarine cable security under 7-year deal

Italian cabling company Prysmian Group and Dutch integrated subsea solutions service provider N-Sea Group have signed a seven-year framework agreement for rapid response maintenance and repair of submarine cables. The collaboration targets enhanced energy security, bolstering the resilience of subma

about 1 year ago