ExxonMobil has experienced technical issues with a gas compressor on SBM Offshore’s FPSO Liza Destiny, working for ExxonMobil offshore Guyana.
The transformation of the shipping industry towards a smarter and decarbonized future will require a new and more complex risk management to preserve safety. The benefits of digitalization have never been more prominent than during the pandemic period where a lot of business activities went online a
The future EU fuel standard requirement should merely concern fuel suppliers and not vessels, the European Community Shipowners’ Associations (ECSA) pointed out.
UK’s petroleum regulator, the Oil and Gas Authority (OGA), has opened an investigation into a possible breach of reporting requirements under a licence.
Due to Biden’s plans to pursue a clean energy future, the U.S. government has rescinded the Record of Decision for the Gulf of Mexico oil & gas lease sale.
Athens-based pure-play Capesize vessel owner Seanergy Maritime Holdings Corp. announced that its existing fleet will remain compliant with applicable greenhouse gas (GHG) regulatory requirements until 2030 with no material cost for the company. The conclusion comes on the back of an evaluation of th
Oil and gas exploration firm Providence has secured the approval from the Irish government to undertake a seabed and shallow geophysical survey and an environmental baseline and habitat assessment survey, at the K-Site location, Barryroe in the North Celtic Sea. The offshore survey, when completed l
Australian offshore petroleum regulator NOPSEMA has taken action against Woodside related to decommissioning of the Enfield field and Nganhurra FPSO.
Japanese banking and financial institution Sumitomo Mitsui Banking Corporation has become a signatory of the Poseidon Principles, a regulatory framework for responsible financing of the shipping industry. The general idea behind the framework is for the signatory banks, as capital providers, to supp
Maersk Tankers has become a signatory of the Sea Cargo Charter, a global framework that establishes a common baseline for global traders to report on CO2 emission reductions of their shipping activities. The Sea Cargo Charter is consistent with the targets of the UN’s International Maritime Organiza
The Norwegian Petroleum Directorate (NPD) has granted Neptune Energy a drilling permit for an appraisal well offshore Norway.
The United States has initiated a process to seize alleged Iranian oil aboard a Liberian-flagged, Greek-owned tanker.
In November 2020, the IMO approved amendments to MARPOL Annex VI, introducing an Energy Efficiency Design Index for existing ships (EEXI). Subject to adoption at MEPC 76 in June 2021, the requirements will enter into force in 2023. The EEXI will be applicable for all vessels above 400 GT falling und
Although they exist, environmental and labour laws that regulate ship recycling are still ignored by shipowners that continue to send their vessels to dirty scrapyards in South Asia.
