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Authorities & Government

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shipping
Authorities & Government

UK needs £75bn for its shipping sector to transition to zero

Approximately £75bn ($89.9 bn) of investment over the coming three decades will be required for the UK’s domestic maritime sector to transition to net zero, a report produced by Marine Capital with the support of UMAS and Lloyd’s Register (LR) estimates. Hence, attracting new sources of capital to i

about 3 years ago
£20 bln decom spend in the offing for UK’s oil & gas wells over next decade
Authorities & Government

£20 bln decom spend in the offing for UK’s oil & gas wells over next decade

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Offshore Energies UK has predicted that about £20 bln will be spent on decommissioning North Sea oil & gas installations in the next decade.

about 3 years ago
Cargo
Authorities & Government

UNCTAD: GHG emissions from the world’s maritime fleet heading in wrong direction

Greenhouse gas emissions from the world’s maritime fleet increased by 4.7%, between 2020 and 2021, with most of the increase coming from container ships, dry bulk carriers and general cargo vessels, the latest Maritime Transport report from UNCTAD warns. Another worrying trend is the fact that the f

about 3 years ago
How is the transition to renewables faring in the midst of a global energy crisis?
Authorities & Government

How is the transition to renewables faring in the midst of a global energy crisis?

Westwood Global Energy has done a deep dive into the impact of the energy crisis on the energy transition to a sustainable, green future.

about 3 years ago
Equinor’s Norwegian Sea wildcat comes up empty
Authorities & Government

Equinor’s Norwegian Sea wildcat comes up empty

Norwegian state-owned energy giant Equinor has completed the drilling of a wildcat well in the Norwegian Sea but failed to find hydrocarbons.

about 3 years ago
Drone footage shows damaged Nord Stream pipeline incident ‘undoubtedly sabotage’
Authorities & Government

Drone footage shows Nord Stream pipeline incident ‘undoubtedly sabotage’

A video of the blast-damaged Nord Stream 2 gas pipeline has indicated that this was undoubtedly an act of sabotage, says a military analyst.

about 3 years ago
All systems go for Equinor to drill two North Sea wells
Authorities & Government

All systems go for Equinor to drill two North Sea wells

Equinor has received consent from Norway’s regulator for exploration drilling in the North Sea off Norway, using one of Transocean’s rigs.

about 3 years ago
Oil & gas player under scrutiny for potential license breach
Authorities & Government

Oil & gas firm under scrutiny over potential North Sea license breach

Amid ongoing flaring and venting crackdown, the UK’s regulator has launched a probe to look into an undisclosed oil and gas company.

about 3 years ago
Equinor unveils plan to invest over $1.4 bln in deepwater development
Authorities & Government

Equinor unveils plan to invest over $1.4 bln in deepwater gas development

Equinor has submitted a plan for development and operation (PDO) of a deepwater gas discovery project in the Norwegian Sea.

about 3 years ago
Unveiling of Ocean Oasis’ Gaia prototype in the presence of investors and government officials (Courtesy of Ocean Oasis)
Authorities & Government

Ocean Oasis unveils wave energy-driven desalination prototype

Norwegian company Ocean Oasis has presented the prototype device, named Gaia, for wave energy desalination that will be tested at the Oceanic Platform of the Canary Islands (PLOCAN).

about 3 years ago
Core Power
Authorities & Government

Nuclear ships regulations to enter into force in UK on December 8

The UK is about to pass legislation on nuclear propulsion for merchant ships, closing a loophole in its maritime legislative system on a propulsion technology that is gaining a lot of attention in the shipping world as the potential pathway for slashing emissions. Namely, the UK Parliament is set to

about 3 years ago
Norway’s oil & gas output slightly higher in October
Authorities & Government

Norway’s oil & gas output slightly higher in October

Even though Norway saw a slight increase in oil & gas production in October compared to September, this is still below the NPD’s predictions.

about 3 years ago
WATCH: Türkiye edging closer to first gas from giant Black Sea project as pipe laying ops wind down
Authorities & Government

WATCH: Türkiye edging closer to first gas from giant Black Sea project as pipe laying work wraps up

Türkiye has finished laying pipes in the Black Sea as part of its giant Sakarya gas field project development, which is seen as one of the country’s largest energy projects ever built. As a result, the project is on track to achieve the first gas in the first quarter of 2023.

about 3 years ago
EU Parliament
Authorities & Government

Shipping sector: EU ETS must adopt life-cycle approach on green fuels

Shipping organizations are urging politicians in the European Union to agree on a life-cycle approach of green fuels for the shipping industry in order to kick-start the necessary investments and deliver on the emission reduction targets from the Paris Agreement and the EU Green Deal. An open letter

about 3 years ago