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Rules & Regulation

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Illustration; Source: BOEM
Rules & Regulation

U.S. steps up limit of liability cap for oil spills from offshore facilities

BOEM has made adjustments to the limit of liability for oil spills in the federal waters from offshore facilities.

about 3 years ago
DNV
Rules & Regulation

DNV rolls out real-time emissions data verification solution

DNV has launched Emissions Connect, an emissions data verification engine and data management platform, designed to help the maritime industry accurately assess and work with emissions data. “Reducing emissions and reporting on progress is becoming increasingly important for the maritime industry an

about 3 years ago
EU ETS
Rules & Regulation

Maritime to benefit from EUR 2 billion fund to decarbonize

The European Parliament formally approved on Tuesday the new EU Emissions Trading System (ETS) law, earmarking around EUR 2 billion of the revenues of the Innovation Fund for the maritime sector. European Community Shipowners Association (ECSA) welcomed the move, saying that the deal will mark a tur

about 3 years ago
ITF
Rules & Regulation

ITF rescues abandoned crew from two ships from the same owner

Thirteen Filipino seafarers have made it home after more than five months aboard an abandoned livestock carrier ship, the Yangtze Harmony, following an intervention from the International Transport Workers’ Federation (ITF). The ship’s owners abandoned the vessel and its crew after the ship was ar

about 3 years ago
Transocean Norge; Source: Transocean
Rules & Regulation

Wintershall Dea gets nod to spin the drill bit in Norwegian Sea

Wintershall Dea has received consent from the country’s offshore safety regulator for exploration drilling in the Norwegian Sea.

about 3 years ago
Illustration/SIMEC Atlantis' tidal energy turbine (Courtesy of SIMEC Atlantis)
Rules & Regulation

UK government exploring reforms of its renewable energy auction scheme

The UK government is seeking views on introducing contracts for difference (CfD) reforms, which could reward applicants for including wider benefits their projects could bring when submitting price bids to government for their low-carbon electricity.

about 3 years ago
UK-Norway interconnector projects paused due to timeline conflict
Rules & Regulation

UK-Norway interconnector projects paused due to timeline conflict

Two multi-purpose interconnector projects that were supposed to link the UK and Norway have been deemed unable to meet the eligibility criteria and have therefore been paused, according to UK energy market regulator Ofgem.

about 3 years ago
Shipping
Rules & Regulation

G7 ministers push for shipping to attain zero GHG emissions by 2050

The G7 Ministers on Climate, Energy, and Environment have called for the shipping industry to achieve GHG-zero emissions by 2050. The goal is much more ambitious that the current one set by the International Maritime Organization (IMO) under which the shipping industry aims to reduce its emissions b

about 3 years ago
Illustration; Source: Zenith Energy
Rules & Regulation

Canadian player in process of finalising terms for oilfield in West Africa

Zenith Energy is working on getting its hands on a production sharing contract (PSC) for a block containing an oilfield off Benin.

about 3 years ago
Illustration; Source: North Sea Transition Authority (NSTA)
Rules & Regulation

With oil & gas seen as ‘wreaking havoc’ in UK waters, zest to end offshore drilling ignites

Recent report about the impact of oil spills on UK waters is bound to spur further calls to end offshore drilling while targeting the Rosebank project.

14 minutes read
Value Maritime
Rules & Regulation

LR: Creating economic incentives for OCCUS adoption key to wider adoption

Onboard carbon capture, utilisation, and storage (OCCUS) has emerged as one of the promising short-term measures shipping can implement for existing vessels to cut carbon emissions. According to a new report by Lloyd’s Register, OCCUS has a high technology readiness level, however, its investment re

about 3 years ago
GTT-KFTC update: Supreme Court rejects GTT’s December appeal
Rules & Regulation

GTT-KFTC update: Supreme Court rejects GTT’s December appeal

The Supreme Court of Korea has rejected GTT’s appeal filed in December 2022 against the decision of the Seoul High Court, confirming the company’s obligation to separate, in whole or in part, the technology license and the technical assistance if requested by the Korean shipyards. GTT acknowledged t

about 3 years ago
Transocean Norge; Source: Transocean
Rules & Regulation

Green light for Wintershall Dea to kick off drilling ops with Transocean rig

Wintershall Dea has received consent from the country’s offshore safety regulator for exploration drilling in the Norwegian Sea.

about 3 years ago
U.S. greenlights exports from Alaska LNG project, sparks environmentalists’ reactions
Rules & Regulation

U.S. greenlights exports from Alaska LNG project, sparks environmentalists’ reactions

The U.S. Department of Energy (DOE) has approved exports of liquefied natural gas (LNG) from Alaska Gasline Development Corporation’s (AGDC) proposed Alaska LNG project. On 13 April, the U.S. DOE issued a document approving exports of LNG from the proposed Alaska project to non-free trade agreement

about 3 years ago
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