On 9 March, the Biden-Harris administration released the President’s Budget for Fiscal Year (FY) 2024, with funds for federal agencies’ activities in offshore wind proposed to be increased. The budget also supports the agencies’ work on the next National OCS Oil and Gas Leasing Program, however, in
Florida’s Port Everglades has won a $32 million grant to mitigate environmental threats from flooding and sea level rise and ensure continued access for marine vessels. The grant is part of more than $275 million for resilience projects issued by the Florida Department of Environmental Protection, t
Carbon capture and storage (CCS) projects are increasingly gaining more prominence in the race to make the world cleaner and more sustainable, driven by the interest from some of the most important offshore energy players.
The American Association of Port Authorities (AAPA) dismissed fears regarding potential security threats from cranes sourced from China caused by media reports that the cranes might be used for spying. “There have been no known security breaches as the result of any cranes at U.S. ports, despite ala
S.N. Corporation’s Unit-02 ship recycling yard at Shitalpur, Sitakunda in Bangladesh has been certified as compliant with the International Maritime Organization’s (IMO) guidelines for the Hong Kong Convention (HKC) on sustainable ship recycling. The certification process was undertaken by the Japan
European Commission, the European Parliament, and the Council have made a provisional agreement to reform and strengthen the EU Energy Efficiency Directive, making a further step in the completion of the ‘Fit for 55′ package to deliver the European Green Deal and the REPowerEU plan. According to Eur
Shell has received consent from Norway’s regulator for removal and disposal operations, as part of decom activities on a North Sea field.
The United Nations Development Programme (UNDP) signed an agreement with tanker owner EURONAV Luxemburg to buy a very large crude carrier (VLCC), as part of the UN-coordinated operation to remove more than one million barrels of oil from a decaying tanker off Yemen’s Red Sea coast. The new vessel to
UK’s regulator North Sea Transition Authority (NSTA) says flaring has been cut in half, following four consecutive years of reductions.
AB Klaipedos Nafta has received a Letter of Expectation from its shareholder, the Ministry of Energy of the Republic of Lithuania, which owns 72.47% of the company’s shares. According to Klaipedos Nafta, the Letter of Expectation confirms the direction of the changes sought by the company and enable
The North Sea Chapter of the International Association of Drilling Contractors (IADC) has urged politicians to maintain focus to avoid ‘economic adversity’ for the UK.
In line with its decarbonization efforts, the Maritime and Port Authority of Singapore (MPA) is mandating for all harbor craft to become fully electric, capable of using B100 biofuels or be compatible with net zero fuels such as hydrogen by 2030. In addition to slashing emissions, switching from die
INEOS and Wintershall Dea marked a major milestone and a world first on 8 March with the first-ever injection of CO2 in the North Sea as part of Project Greensand. Project Greensand includes capturing CO2 at an INEOS Oxide site in Zwijndrecht, Belgium, which is transported cross-border and stored in
Equinor has secured a drilling permit from the country’s authorities for two wells in the North Sea off Norway.
