The proposal to introduce a fuel oil levy in the shipping industry to help speed up the transition from fossil fuels to zero-carbon alternatives has been postponed until the next IMO MEPC meeting. The discussion was held amid growing calls from the industry to introduce market-based measures to hel
The Norwegian Petroleum Directorate has granted MOL Norge a drilling permit for an appraisal well in the North Sea off Norway.
The International Maritime Organization (IMO) has adopted efficiency measures to reduce carbon intensity from ships, targeting a 1.5 % annual ship CO2 intensity cut between 2023-2026. The measures are expected to result in an estimated 11% improvement by 2026 compared to 2019 levels and will take th
The European Commission has approved the acquisition of joint control over Belgium-based PSA Breakbulk NV and Coil Terminal NV by Singapore’s PSA International and Austria’s Felbermayr Holding.
No stone is left unturned when it comes to options for reducing carbon emissions, including electrification of oil and gas assets, carbon capture usage and storage, replacing fossil with renewable sources of energy and introducing alternative fuels like hydrogen and ammonia.
Norwegian engineering company TECO 2030 has urged the International Maritime Organization (IMO) to recognize the role carbon capture will play in reducing greenhouse gas (GHG) emissions from international shipping, as not enough vessels will undergo fuel switches to meet the climate targets.
Environmental regulations are creating a new language in shipping — its CO2 emissions per ton-mile, according to Christopher J. Wiernicki, ABS Chairman, President and CEO who spoke at the 11th Annual Capital Link Operational Excellence in Shipping Forum.
A key meeting of IMO’s Marine Environment Protection Committee (MEPC 76), set to adopt greenhouse gas emissions (GHG) cutting measures, has begun.
Australia is about to see its largest-ever wave of offshore wells that reach the end of their producing life & need to be decommissioned, Rystad says.
Spain is the latest country to accede to International Maritime Organisation’s (IMO) treaty for safe and environmentally sound ship recycling – the Hong Kong Convention.
Norwegian offshore safety regulator has carried out an audit of Aker BP and its planning for exploration drilling in the Barents Sea.
Siccar Point Energy is moving forward with its Cambo field development project, located West of Shetland, which was delayed last year.
Offshore drilling contractor Noble Corporation has received approval for listing its ordinary shares on the New York Stock Exchange (NYSE).
The Norwegian Petroleum Directorate (NPD) has granted OMV a drilling permit for a well in the North Sea offshore Norway.
