The latest raft of sanctions, which comes from the United States (U.S.) and the United Kingdom (UK), targets Russia’s energy sector by focusing on two giant Russian oil producers alongside means of enabling crude oil production and exports.
The second interconnector between Malta and Italy has officially been approved in both countries following the final permit from the Italian Ministry for the Environment and Energy Security (MASE). The IC2 interconnector will consist of a 122-kilometer high-voltage alternating current (HVAC) electri
A pipeline malfunction has forced BP, the UK-headquartered energy giant, to temporarily stop production from a platform at one of the world’s largest gas-condensate fields and the company’s largest gas discovery ever.
Shell has decided to write down $400 million, citing technical and geological difficulties encountered at the petroleum exploration license (PEL) 39, as its oil discovery in the Orange Basin off the coast of Namibia cannot be confirmed for commercial development at this point.
From a purely technical perspective, it would be already possible today to allow inland waterway vessels to travel across rivers unmanned and remotely controlled. However, as there are still many legal hurdles standing in the way of the everyday use of such ships, German insurers have called on the
U.S. President-elect Donald Trump has vowed to undo the offshore drilling ban, sparking a backlash from climate activists, who threaten to take the new Trump administration to court if it attempts to unravel these ocean protections.
Human touch has taken its toll on the delicate North Sea ecosystem. With the growing pressure of climate change and demand for sustainable energy and food, this ecosystem keeps deteriorating. Preventing or preserving the North Sea now has an exclamation point. As a response, the Dutch Ministry of Ag
The International Chamber of Shipping (ICS) has joined 47 governments in a joint submission to the final round of negotiations at the United Nations’ International Maritime Organization (IMO) to adopt a maritime greenhouse gas (GHG) emissions pricing mechanism for international shipping.
North Sea Transition Authority (NSTA) has imposed a penalty of £125,000 on a European affiliate of China’s state-owned oil and gas giant for breaching its venting consent on two separate occasions at a field located 60 miles northeast of Aberdeen.
The Danish Energy Agency is today opening the fourth round of tenders inviting companies to apply for permits to explore and use the subsurface for CO2 storage in three coastal areas in Denmark. The tender covers three areas near the Danish coast – Jammerbugt, Lisa and Inez, which are among several
Wales has taken a step forward in marine planning by introducing its first Strategic Resource Areas (SRAs) for tidal stream energy, aiming to foster the sustainable development of marine energy while safeguarding sensitive ecosystems. The Welsh government launched its first marine plan in 2019, layi
With nearly $55 billion committed to the development of six government-sanctioned projects, ExxonMobil is going to remain hard at work during 2025 to develop the oil and natural gas resources at the Stabroek block off the coast of Guyana.
The Norwegian authorities have handed out two drilling permits, which will enable the drilling of an exploration well in the Norwegian Sea and another one in the North Sea, using one of Odfjell Drilling’s semi-submersible rigs for the first one and one of the offshore drilling player’s managed rigs
Given the uptick in Canada’s oil and gas stocks, some blame the fossil fuel industry for Trump’s annexation threat, painting renewable energy as the solution.
