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Rules & Regulation

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Illustration of Bay du Nord FPSO; Source: Equinor
Rules & Regulation

What’s new for the controversial Bay du Nord oil project?

The court hearing for the controversial Bay du Nord offshore oil project was expected to kick off last week, however, this was not the case. What does this mean for the project? Is the hearing cancelled or just postponed until a later date?

about 3 years ago
Hapag-Lloyd
Rules & Regulation

Hapag-Lloyd kicks off retrofits of 100 ships with new propellers and bulbous bows

German liner company Hapag-Lloyd has launched the retrofitting program of 100 ships with new propellers and bulbous bows. The move is aimed at reducing the ships’ greenhouse gas emissions and help Hapag-Lloyd meet the International Maritime Organization’s (IMO) target of reducing CO2 emissions by 40

about 3 years ago
Scarabeo 8 rig; Source: Saipem
Rules & Regulation

Aker BP all set to spud North Sea wildcat with Saipem rig

Aker BP has secured a drilling permit from the country’s authorities for an exploration well in the North Sea off Norway.

about 3 years ago
FPSO Norne; Source: Equinor
Rules & Regulation

New task for Equinor to address nonconformities on FPSO

Norway’s offshore safety regulator is awaiting a response from Equinor regarding the way the identified nonconformities will be sorted out.

about 3 years ago
Shell
Rules & Regulation

Shell doubles profit in 2022 to record-breaking $40 billion

Shell recorded the highest-ever profit of nearly $40 billion in 2022, which has come under fire from NGOs and environmentalists.

about 3 years ago
Shipbreaking
Rules & Regulation

Urgent need for change in ship recycling sector: 80% of ships scrapped on South Asian beaches

A total of 443 ocean-going commercial ships and offshore units were sold for scrapping in 2022, data from NGO Shipbreaking Platform shows. Of these, 292 large tankers, bulkers, floating platforms, cargo- and passenger ships ended up for dirty and dangerous breaking on tidal beaches in Bangladesh, In

about 3 years ago
Bay du Nord FPSO; Source: Sea Salt Design
Rules & Regulation

Controversial Bay du Nord oil project saga continues with court challenge

Equinor has a court fight on its hands this week regarding the development of its controversial Bay du Nord offshore oil project located in Canada.

about 3 years ago
Liza Destiny FPSO; Source: ExxonMobil
Rules & Regulation

2022 brings bumper profits for U.S. oil majors Chevron and ExxonMobil

U.S. oil and gas majors Chevron and ExxonMobil have revealed record 2022 profits of $35.5 billion and $55.7 billion, respectively.

about 3 years ago
Central Morecambe platform; Source: Spirit Energy
Rules & Regulation

Turning depleted natural gas fields into ‘one of the biggest carbon storage and hydrogen production clusters’

Spirit Energy has confirmed its plan to transform two depleted gas fields in Morecambe Bay into a carbon storage cluster.

about 3 years ago
Salus Technical
Rules & Regulation

New offshore safety guidance with potential to prevent major oil & gas accidents sees the light of day

Aberdeen-based Salus Technical has launched what it describes as “a potentially life-saving” guidance document.

about 3 years ago
Illustration; Source: BOEM
Rules & Regulation

America’s crude oil & natural gas proven reserves on the rise after 2020 lows

Proven reserves of natural gas set a new record in the U.S. in 2021, while proven reserves of oil increased but not to pre-Covid level.

about 3 years ago
Rig revamped into MOPU getting crowned
Rules & Regulation

Rig revamped into MOPU getting crowned

ONGC has set the wheels into motion to crown a jack-up rig, which was recently converted into a mobile offshore production unit (MOPU).

about 3 years ago
BIO UV Group
Rules & Regulation

BIO-UV books 31 pct increase in BWTS sales

French ballast water treatment systems producer BIO-UV Group has reported a 31% increase in revenues from its maritime business segment, contributing to full-year consolidated revenues of €51.5m for the 2022 financial year. The Euronext Paris listed company confirmed the sale of more than 200 BIO-SE

about 3 years ago
Wintershall Dea cleared to deploy well intervention vessel on four fields off Norway
Rules & Regulation

Wintershall Dea cleared to deploy well intervention vessel off Norway

Wintershall Dea has received consent to use one of Island Offshore’s vessels for light well intervention work on four fields offshore Norway.

about 3 years ago
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