The European Parliament adopted the FuelEU Maritime report, voting in favor of a 2% mandate for green shipping fuels by 2030. The report establishes a clear trajectory for greenhouse gas intensity reductions calling for the maritime sector to cut its GHG emissions from ships by 2% as of 2025, 20% as
The International Maritime Organization’s (IMO) global sulphur cap has reduced artificial “ship track” clouds to record-low levels, a new study conducted by the National Aeronautics and Space Administration (NASA) shows.
European Commission (EC) has proposed a new emergency regulation to address high gas prices in the European Union (EU) and ensure the security of supply this winter. On 18 October, the EC made additional proposals to fight the energy crisis through joint gas purchasing, price limiting mechanisms on
While the European Parliament gears up to vote on the FuelEU Maritime on Wednesday as the ‘Fit for 55’ package of legislative proposals enters its final stage, EU policymakers are being called to raise climate ambitions in the proposals. Signatories of the Getting to Zero Coalition said that in this
Equinor has secured a permit from the country’s authorities to drill two wildcat wells in the Norwegian sector of the North Sea.
Vietnam’s Ministry of Natural Resources and Environment (MONRE) has proposed to suspend processing offshore wind survey applications until existing regulatory and technical issues are solved. The proposal comes shortly after the Ministry recommended an overhaul of its administrative system, includin
The European Commission has approved the acquisition of joint control of German LNG Terminal GmBH (GLNG) by Germany’s national promotional bank KfW and Nederlandse Gasunie, the Dutch energy network operator. Under the EU Merger Regulation, the Commission concluded that the proposed acquisition would
Offshore drilling contractor Seadrill is returning to the New York Stock Exchange (NYSE) following a couple of years of absence.
Owners of vessels burning methane-based fuels such as LNG are not likely to pursue investments in methane emission reduction technologies without strong incentives or regulatory requirements, a study from Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS) says. The study provides an ov
The IMO’s regulation on the carbon intensity indicator (CII) that enters into force in 2023 has come under a lot of fire in the shipping industry as a regulation that could punish owners with poor vessel ratings on the grounds of factors that they cannot influence upon. The CII is aimed at supportin
Danish companies pursuing high sustainability objectives are urging the country’s government and politicians to maintain sustainability on top of their agenda. In a joint statement, signed by A.P. Møller – Mærsk, FLSmidth, Ørsted and Vestas, among others, the companies asked the government to contin
Yinson has entered into a $720 million syndicated loan facility for an FPSO being built to operate for Petrobras in waters offshore Brazil.
Equinor has received consent to use one of Floatel’s mobile accommodation units for an extended period at a North Sea field off Norway.
UK’s Unite the union has confirmed that over 300 offshore drilling and contract maintenance workers have backed strike action.
