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Regulation & Policy

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Norwegians officially open Johan Sverdrup Phase 2
Regulation & Policy

Two months after production start, Johan Sverdrup Phase 2 officially opens

Norwegian state-owned energy giant Equinor has officially opened the second phase of the Johan Sverdrup field located in the North Sea offshore Norway, following the start of production in December 2022. Norway’s Minister of Petroleum and Energy Terje Aasland made the official opening on 13 February

about 3 years ago
Saipem
Regulation & Policy

Saipem boosts financial structure and liquidity with new credit facilities

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Saipem has entered into two new credit facilities totalling around €860 million with a pool of leading national and international banks.

about 3 years ago
Image credit IWSA
Regulation & Policy

IWSA: Momentum continues to grow for wind-installed vessels

The number of wind-installed vessels is set to double in the next twelve months, according to estimates from the International Windship Association (IWSA). At the moment, the wind-assisted cargo capacity is standing at 1.4 million dwt with 22 large ships installed, 2 wind-ready ships, and a further

about 3 years ago
European Commission sets out rules on renewable hydrogen
Regulation & Policy

European Commission sets out rules on renewable hydrogen

The European Commission has proposed detailed rules to define what constitutes renewable hydrogen in the European Union (EU), with the adoption of two delegated acts required under the Renewable Energy Directive. The acts are part of a EU regulatory framework for hydrogen which includes energy infra

about 3 years ago
Over 30 UK offshore platforms could be hit as 300 workers prepare to ballot on strike action
Regulation & Policy

Over 30 UK offshore platforms could be hit as 300 workers prepare to ballot on strike action

Around 300 construction members of Stork Technical Services UK will be balloted on strike action over rotas and pay on more than 30 offshore installations in the UK Continental Shelf (UKCS), UK’s Unite the union reported. The offshore dispute is centered on working rotas and Stork rates of pay faili

about 3 years ago
FPSO Captain; Source: Ithaca Energy
Regulation & Policy

Wave of disputes over pay to encompass 40 offshore installations, as workers vote on downing tools

More than 700 offshore members at Bilfinger UK Limited are set to be balloted on strike action in a dispute over pay, says Unite the union.

about 3 years ago
Clair Ridge platform; Source: BP
Regulation & Policy

Offshore drillers embarking on strike action at BP’s two platforms in UK waters

UK’s Unite the union has confirmed that nearly 100 Odfjell offshore drillers have backed strike action in a dispute over rotas and pay.

about 3 years ago
Finland adopts hydrogen resolution
Regulation & Policy

Finland adopts hydrogen resolution

Finland’s government has adopted a resolution on hydrogen in which it describes the countries’ objectives regarding hydrogen and the measures to promote them. According to the government, Finland’s goal is to become the European leader in the hydrogen economy in the entire value chain, and it has th

about 3 years ago
WISAMO
Regulation & Policy

WISAMO wing sail system wins DNV approval

Classification society DNV has awarded an Approval in Principle (AiP) to Michelin for their WISAMO wing sail system. DNV said that this was the first AiP to have been awarded to an inflatable wing sail design. The wing prototype with a surface area of 100 sqm is being installed on Compagnie Maritime

about 3 years ago
Gasunie to realise hydrogen network in German North Sea
Regulation & Policy

Gasunie to realise hydrogen network in German North Sea

Dutch gas infrastructure company Gasunie has applied to the European Commission for Project of Common Interest (PCI) status, proceeding with its intentions to develop a hydrogen network in the German part of the North Sea. Gasunie’s application is part of the international Clean Hydrogen for Europe

about 3 years ago
Depsea Yantai rig; Source: Odfjell Drilling
Regulation & Policy

Green light for Norwegian oil & gas player to spin the drill bit at North Sea prospect

Wellesley Petroleum has received consent from Norway’s regulator for exploration drilling in the Norwegian Sea.

about 3 years ago
Illustration; Source: Shell
Regulation & Policy

Shell says derivative action attempt against its board over climate risk has ‘no merit’

With legal action over climate risk looming on the horizon, Shell denies allegations made against its board, vowing to oppose the derivate claim application.

about 3 years ago
Equinor
Regulation & Policy

While contributing to Europe’s energy security, Equinor rakes in all-time high profits

Equinor has more than doubled its annual profit in 2022, setting a new record driven by higher energy prices and growing demand.

about 3 years ago
Montenegro and US agree on energy cooperation, LNG terminal included
Regulation & Policy

Montenegro and US agree on energy cooperation, LNG terminal included

Montenegro’s Minister of Finance, Aleksandar Damjanović, and representatives of the United States (US) Department of State have discussed the economic relations between the two countries with an emphasis on cooperation in the field of energy, agreeing to take action in regard to the Bar LNG terminal

about 3 years ago