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Regulation & Policy

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Illustration; Source: Offshore Energies UK (OEUK)
Regulation & Policy

Survey results spotlight need for oil & gas windfall tax reform, OUEK says

Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has disclosed the results of its survey, which indicate that the Energy Profits Levy (EPL) needs to be tweaked from next year to unlock investments in the offshore energy arena.

about 11 months ago
UK’s marine energy roadmap effort enters second phase
Regulation & Policy

UK’s marine energy roadmap effort enters second phase

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The Marine Energy Taskforce (MET), a 12-month initiative commissioned by the UK Department for Energy Security and Net Zero (DESNZ), has entered its second phase following a meeting in Cardiff. Launched in June by UK Energy Minister Michael Shanks, the MET is tasked with developing recommendations a

about 11 months ago
COSL Prospector rig; Source: COSL
Regulation & Policy

Norwegian giant in the clear for drilling ops with COSL rig

Norway’s state-owned energy giant Equinor has secured a drilling permit for operations on the Norwegian Continental Shelf (NCS), which will be done with a semi-submersible rig owned by COSL Drilling Europe, an offshore drilling contractor.

about 11 months ago
The Oceanic Platform of the Canary Islands (PLOCAN) hosting the launch meeting of the European DESALIFE project.
Regulation & Policy

Canary Islands name wave-powered desalination project of strategic importance

The Government of the Canary Islands has declared the DESALIFE project a strategic initiative for the region, recognizing it as a “highly innovative and sustainable project, with strong strategic relevance and proven technical feasibility.” According to Ocean Oasis, this recognition marks a mileston

about 1 year ago
Illustration; Source: North Sea Transition Authority (NSTA)
Regulation & Policy

North Sea oil & gas operators urged to up production ante by stepping up well intervention and development drilling game

As energy security concerns continue to run the show, Great Britain’s regulator, the North Sea Transition Authority (NSTA), has called on oil and gas operators to join forces and bolster well interventions and development drilling activities to revive shut-in wells to sustain domestic oil and gas pr

about 1 year ago
Man pointing at offshore platform
Regulation & Policy

TotalEnergies spotlights €20B poured into low-carbon progress since 2020 amid legal scrutiny

In the aftermath of a court decision related to its carbon neutrality ambition, France’s energy giant TotalEnergies has shed light on its multi-energy strategy investments, highlighting its low-carbon inroads backed by a €20 billion injection over the past five years.

about 1 year ago
Industry groups urge UK to include low-carbon ammonia in hydrogen strategy
Regulation & Policy

Industry groups urge UK to include low-carbon ammonia in hydrogen strategy

Twelve organizations representing energy, transport, and industry have urged the UK Government to ensure low-carbon ammonia is explicitly integrated into its hydrogen strategy.

about 1 year ago
DNV
Regulation & Policy

HD KSOE wins DNV AiP for SMR-powered 15,000 TEU containership design

Classification society DNV has awarded South Korean shipbuilder HD Korea Shipbuilding & Offshore Engineering (HD KSOE) approval in principle (AiP) for a new 15,000 TEU container vessel design powered by small modular reactor (SMR) technology.

about 1 year ago
FPSO Jotun; Source: Vår Energi
Regulation & Policy

Seal of approval for Vår Energi’s oil & gas drilling ops in North Sea

Vår Energi has secured the go-ahead for drilling activities in the North Sea, off the coast of Norway.

about 1 year ago
Italian shipbuilding major unveils its first underwater drone system
Regulation & Policy

Italian shipbuilding major unveils its first underwater drone system

Italian shipbuilding group Fincantieri has launched its first underwater drone system for the protection of critical underwater infrastructure in both civil needs and defense and security applications. The DEEP platform consists of a network of underwater sensors for early warning, a command and con

about 1 year ago
Funding to accelerate 'sea snake' wave energy converter toward sea trials
Regulation & Policy

Funding to accelerate ‘sea snake’ wave energy converter toward sea trials

UK’s national innovation agency Innovate UK has awarded a £750,000 (approximately €861,630) grant to a Wiltshire-based company to help advance the technology readiness and performance of its ‘sea snake’ wave energy converter (WEC) and pave the way for future sea trials at the Welsh Marine Energy Tes

about 1 year ago
Vantage Drilling’s Tungsten Explorer drillship; Credit: Greg Williams
Regulation & Policy

Cronos nexus unbound: Egypt and Cyprus put pen to paper for gas field development

With the aim of strengthening energy security through strategic collaboration, Egypt and Cyprus have inked multiple commercial agreements for a natural gas project, which will forge an energy bond between the two countries, enabling Cypriot gas to reach Egypt’s infrastructure.

about 1 year ago
Swedish tidal energy developer sees South Korea as ‘highly attractive market’
Regulation & Policy

Swedish tidal energy developer sees South Korea as ‘highly attractive market’

Swedish tidal energy developer Minesto has taken part in a high-level delegation visit to South Korea, a country that the company finds highly attractive due to its “extensive tidal and ocean current resources”. Minesto CEO Martin Edlund was part of a Swedish high-level delegation to South Korea aim

about 1 year ago
Map showing the planned location of MESH and the existing energy infrastructure and projects surrounding it; Source: EnergyPathways
Regulation & Policy

UK firm set on quadrupling gas and hydrogen energy storage capacity with new license push

With energy storage capacity growth in mind, EnergyPathways, the England-based energy transition-focused player, is moving forward with its expansion aspirations by pursuing new storage license applications for its proposed large-scale offshore wind-powered energy storage project in the East Irish S

about 1 year ago