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Authorities & Government

EU ETS will cost the shipping industry billions, says ITIC

The cost of the European Union’s (EU) new Emissions Trading Scheme (ETS) to the shipping industry could be in the billions, according to the forecasts from International Transport Intermediaries Club (ITIC). The extended EU ETS, which comes into force on 1 January 2024, will set an annual absolute l

about 2 years ago

Authorities & Government

Can shipping go beyond the COP28 razmataz and deliver on net zero targets?

Following a day of active discussions at the Shaping the Future of Shipping: Delivering a Net Zero World summit yesterday, 60 maritime organisations and government partners agreed on a course to deliver the IMO’s net-zero strategy at Shaping the Future of Shipping, an event hosted by the Internation

about 2 years ago

Authorities & Government

WSC: We need to get regulations right in next two years to ensure renewable fuels’ availability

In a bid to secure a competitive landscape for the availability of renewable fuels to power maritime vessels, energy providers need to have regulatory frameworks established within the next two years. The call comes with the recognition that substantial investments in new fuels are imminent, conting

about 2 years ago

Authorities & Government

Houston, Antwerp-Bruges ports and partners pen energy transition accord

U.S. and Belgian cargo hubs Port Houston and the Port of Antwerp-Bruges, together with four other partners, have signed a landmark agreement to form a strategic alliance aimed at accelerating the transatlantic green transition. The two ports are joined by the Center for Houston’s Future, Waterstofne

about 2 years ago

Northern Lights CCS project grabs a slice of EU's Connecting Europe Facility funding

Authorities & Government

Northern Lights CCS project grabs a slice of EU funding

The European Commission (EC) has awarded €131 million for the Northern Lights carbon capture and storage (CCS) project under its Connecting Europe Facility (CEF) funding scheme. A total of eight cross-border energy infrastructure projects are getting a part of the EU funds. EU Member States have end

about 2 years ago

Illustration; Credit: Clyde Thomas/Longboat Energy

Authorities & Government

Longboat JAPEX offloads partial stakes in two North Sea exploration licenses

Longboat JAPEX Norge has sold partial interests in two exploration licenses on the Norwegian Continental Shelf (NCS) to Norway’s Concedo.

about 2 years ago

Stena DrillMAX drillship; Source: Stena Drilling

Authorities & Government

Stena rig becomes first drillship to don DNV’s notation for emission reduction

Stena Drilling has welcomed the award of DNV’s Abate (P) notation, which now adorns one of its drillships.

about 2 years ago

Dr. Sultan Ahmed Al-Jaber, UAE Minister of Industry, CEO of ADNOC, and COP28 President; Source: COP28

Authorities & Government

COP28: Reconciling great expectations with reality in a highly polarized world

A deep dive into COP28 and the clash between those calling for a phase-out of fossil fuels and the ones lobbying to keep oil, gas, and coal firmly entrenched in the energy mix.

13 minutes read

Transocean Enabler rig; Credit: Jan Arne Wold/Equinor

Authorities & Government

Vår Energi preparing to spud wildcat with Transocean rig

Vår Energi has secured a drilling permit to spud a wildcat well in the Barents Sea, using one of Transocean’s semi-submersible rigs.

about 2 years ago

HMS Somerset was joined by five other Royal Navy ships and a Royal Fleet Auxiliary ship during the deployment; Source: UK's Ministry of Defence

Authorities & Government

After pipeline incident, JEF partners pool resources for subsea infrastructure protection in Baltic Sea

The Joint Expeditionary Force (JEF) has embarked on an exercise in the Baltic Sea region to protect subsea infrastructure.

about 2 years ago

Illustration/Floating Power Plant's floating wind and wave hybrid concept (Courtesy of Floating Power Plant)

Authorities & Government

Floating Power Plant formalizes €26M grant agreement with EU for Seaworthy project

Danish renewable energy developer Floating Power Plant has just signed a €26 million grant agreement with the European Commission’s Innovation Fund for the Seaworthy project, which integrates floating wind, wave energy, and hydrogen production.

about 2 years ago

Authorities & Government

IWSA: More wind-powered ships than large cargo vessels running on low and zero-carbon fuels

The International Windship Association (IWSA) has issued an open letter to the Heads of State and delegates at the 28th Conference of the Parties of the UNFCCC (COP 28), urging them to recognize the vital role of direct wind propulsion in the decarbonization of the maritime sector. This appeal, alig

about 2 years ago

Authorities & Government

Norway still holds ‘valuable’ gas resources but uncertainty looms over development for some

The Norwegian Petroleum Directorate (NPD) has conducted a mapping of gas resources that have yet to be developed.

about 2 years ago

Authorities & Government

Blue Mediterranean Partnership gains momentum with €1 billion investment pledge at COP28

The Blue Mediterranean Partnership, a collaborative initiative aimed at fostering a sustainable blue economy in the Mediterranean region, has received a substantial boost with key stakeholders, donors, and beneficiary country representatives signing a letter of intent at COP28, vowing to make the pa

about 2 years ago