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Regulation & Policy

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Illustration/SIMEC Atlantis' tidal energy turbine (Courtesy of SIMEC Atlantis)
Regulation & Policy

UK government exploring reforms of its renewable energy auction scheme

The UK government is seeking views on introducing contracts for difference (CfD) reforms, which could reward applicants for including wider benefits their projects could bring when submitting price bids to government for their low-carbon electricity.

about 3 years ago
UK-Norway interconnector projects paused due to timeline conflict
Regulation & Policy

UK-Norway interconnector projects paused due to timeline conflict

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Two multi-purpose interconnector projects that were supposed to link the UK and Norway have been deemed unable to meet the eligibility criteria and have therefore been paused, according to UK energy market regulator Ofgem.

about 3 years ago
Shipping
Regulation & Policy

G7 ministers push for shipping to attain zero GHG emissions by 2050

The G7 Ministers on Climate, Energy, and Environment have called for the shipping industry to achieve GHG-zero emissions by 2050. The goal is much more ambitious that the current one set by the International Maritime Organization (IMO) under which the shipping industry aims to reduce its emissions b

about 3 years ago
Illustration; Source: North Sea Transition Authority (NSTA)
Regulation & Policy

With oil & gas seen as ‘wreaking havoc’ in UK waters, zest to end offshore drilling ignites

Recent report about the impact of oil spills on UK waters is bound to spur further calls to end offshore drilling while targeting the Rosebank project.

14 minutes read
Value Maritime
Regulation & Policy

LR: Creating economic incentives for OCCUS adoption key to wider adoption

Onboard carbon capture, utilisation, and storage (OCCUS) has emerged as one of the promising short-term measures shipping can implement for existing vessels to cut carbon emissions. According to a new report by Lloyd’s Register, OCCUS has a high technology readiness level, however, its investment re

about 3 years ago
GTT-KFTC update: Supreme Court rejects GTT’s December appeal
Regulation & Policy

GTT-KFTC update: Supreme Court rejects GTT’s December appeal

The Supreme Court of Korea has rejected GTT’s appeal filed in December 2022 against the decision of the Seoul High Court, confirming the company’s obligation to separate, in whole or in part, the technology license and the technical assistance if requested by the Korean shipyards. GTT acknowledged t

about 3 years ago
Denmark seeks to withdraw from Energy Charter Treaty due to energy transition concerns
Regulation & Policy

Denmark seeks to exit Energy Charter Treaty due to energy transition concerns

The Danish government is working to withdraw from the Energy Charter Treaty (ECT) due to possible concerns and risks for the green transition, among other things. The ECT is a trade and investment agreement that aims to create secure framework conditions and make it attractive for private investors

about 3 years ago
Transocean Norge; Source: Transocean
Regulation & Policy

Green light for Wintershall Dea to kick off drilling ops with Transocean rig

Wintershall Dea has received consent from the country’s offshore safety regulator for exploration drilling in the Norwegian Sea.

about 3 years ago
Illustration; Source: The Danish Energy Agency
Regulation & Policy

Oil and renewables steal the spotlight, as natural gas consumption takes a downturn in 2022

The Danish Energy Agency has published the preliminary energy statistics for 2022, outlining that natural gas consumption declined last year.

about 3 years ago
EC backs LOTOS Green H2 in hydrogen production, approves Polish measure
Regulation & Policy

EC backs LOTOS Green H2 in hydrogen production, approves Polish measure

The European Commission (EC) has approved, under EU State aid rules, a €158 million Polish measure to support LOTOS Green H2, a special purpose vehicle ultimately owned by PKN Orlen SA, in the production of renewable hydrogen to be used in the refinery production processes. The LOTOS’s Green H2 proj

about 3 years ago
Fugro's Blue Essence becomes first-ever UAE-flagged uncrewed surface vessel
Regulation & Policy

Fugro’s Blue Essence becomes first UAE-flagged uncrewed surface vessel

Fugro has received full navigation licensing from the UAE Ministry of Energy and Infrastructure for its Blue Essence uncrewed surface vessel (USV). The navigation licensing for Fugro Pegasus represents the first registration of an over-the-horizon USV in the UAE, making the Blue Essence USV the firs

about 3 years ago
Hod B platform; Source: Aker BP
Regulation & Policy

Aker BP cleared to deploy vessel with gangway for access at multiple offshore assets

Aker BP has received consent from the Norwegian regulator to use a vessel with gangway for access (W2W) for work on three fields off Norway.

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

Aker BP finds more oil in North Sea thanks to new discovery

Norwegian oil and gas player Aker BP has made a new oil discovery in the North Sea off Norway, using a Saipem-owned rig.

about 3 years ago
Noreco
Regulation & Policy

Norwegian oil & gas firm eyes more offshore acreage in North Sea

Noreco, to be renamed BlueNord, has set the wheels into motion to participate in a mini-round of licencing in the Danish North Sea.

about 3 years ago