SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities, has received a stamp of approval for its NearZero floating production storage and offloading (FPSO) design from the American Bureau of Shipping (ABS), a classification society.
Lawmakers in the United States have announced the reintroduction of the SHIPS for America ACT, a landmark legislation to revitalize the U.S. shipbuilding and commercial maritime industries and counter China’s dominance.
International shipping can reach zero or very near zero tank-to-wake (TTW) CO2 emissions by 2050, and achieve 95%+ reductions in well-to-wake (WTW) greenhouse gas (GHG) emissions from 2018 levels, in scenarios aligned to a 1.5°C global temperature goal, according to a report from ERM, UMAS and UCL,
There is no denying that the oil and gas industry faces multiple challenges, however, Global Data has selected the pressure to decarbonize and diversify products as the largest, driven by climate concerns and increasing carbon taxes imposed by governments, which is perceived to threaten oil and gas
Mediterranean shipping companies are bracing for stricter environmental standards as the Mediterranean Emission Control Area for sulphur oxides enters into effect on May 1, demanding adjustments to their fleets and operations.
Intensifying its efforts to crack down on Russia’s shadow fleet, the European Union has adopted another measure.
The UK’s Maritime and Coastguard Agency (MCA) has released new guidance on the use of ammonia as a marine fuel, marking a ‘vital’ step toward enabling wider alternative fuel adoption in the country’s shipping industry. As disclosed, the guidelines, issued on April 16, 2025, provide a framework for o
Italy’s oil & gas giant Eni has reached financial close with the UK Government for a carbon capture and storage (CCS) project in northern England, now free to move to the construction phase. Eni announced today, April 24, that it had reached financial close with the Department of Energy Security and
Gen2 Energy and Farsund municipality have signed an agreement under which Gen2 Energy can secure, on a long-term basis, the industrial site Lundevågen Havneområde in Farsund to build a production facility for green hydrogen.
The Global Centre for Maritime Decarbonization (GCMD) has unpacked a cost and compliance calculator aimed at exploring how the International Maritime Organization’s GHG Global Fuel Intensify (GFI)-linked pricing system could impact operational costs in shipping. As noted by the GCMD, the tool could
The U.S. Department of the Interior (DOI) is on a quest to fulfill the Trump administration’s energy dominance dreams by laying the groundwork to revise the scaled-back oil and gas leasing program, which comes with only three lease sales up to 2029.
The World Shipping Council (WSC)—the voice of liner shipping—has expressed ‘serious’ concerns regarding the new port fee regime announced by the U.S. Trade Representative (USTR), cautioning that the measures could undermine American trade, hurt U.S. producers, and weaken efforts to strengthen the na
Following a bipartite dialogue between shipowners and seafarers’ unions, the International Labour Organization (ILO) has wrapped up the latest round of negotiations concerning the minimum wage for able seafarers. As informed, an agreement was reached at a meeting of the Joint Maritime Commission’s (
The United States Trade Representative (USTR) has laid out plans to introduce fees on Chinese ships calling American ports.
