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Regulation & Policy

New task for Equinor to address nonconformities on FPSO

Norway’s offshore safety regulator is awaiting a response from Equinor regarding the way the identified nonconformities will be sorted out.

about 3 years ago

Render of GKinetic’s three-unit deployment at Thomond Weir (Courtesy of GKinetic)

Regulation & Policy

GKinetic secures planning permission for hydrokinetic turbine array in Ireland

Limerick City and County Council has granted planning permission to local clean energy developer GKinetic to deploy three of its hydrokinetic turbines just upstream of Thomond Weir in the heart of Limerick City in Ireland.

about 3 years ago

Regulation & Policy

Shell doubles profit in 2022 to record-breaking $40 billion

Shell recorded the highest-ever profit of nearly $40 billion in 2022, which has come under fire from NGOs and environmentalists.

about 3 years ago

Regulation & Policy

Urgent need for change in ship recycling sector: 80% of ships scrapped on South Asian beaches

A total of 443 ocean-going commercial ships and offshore units were sold for scrapping in 2022, data from NGO Shipbreaking Platform shows. Of these, 292 large tankers, bulkers, floating platforms, cargo- and passenger ships ended up for dirty and dangerous breaking on tidal beaches in Bangladesh, In

about 3 years ago

Ursula von der Leyen, President of the European Commission; Image credit: World Economic Forum

Regulation & Policy

EU’s Green Deal Industrial Plan sets the stage for faster green transition of shipping

The European Union has rolled out A Green Deal Industrial Plan for the Net-Zero Age, which is being described as the EU version of the US Inflation Reduction Act. The plan aims to provide a more supportive environment for the scaling up of the EU’s manufacturing capacity for the net-zero technologie

about 3 years ago

Regulation & Policy

OEUK calls for more action to help accelerate shift to low carbon energy

Urgent action is needed from both government and industry to support supply chain companies in sustaining oil and gas activity in order to accelerate the UK’s shift to low-carbon energy, according to the latest report of Offshore Energies UK (OEUK). OEUK’s Supply Chain report is calling on the gover

about 3 years ago

Regulation & Policy

Authorization procedure launches for new Adriatic link

Italy’s Ministry of Environment and Energy Security has launched the authorization procedure for the construction of a new direct-current submarine power line connecting the regions of Abruzzo and Marche. The 1 GW Adriatic Link will run for a total of approximately 250 kilometers, made up of two sub

about 3 years ago

Penguins FPSO; Credit: Chris J Ratcliffe; Source: Greenpeace

Regulation & Policy

WATCH: Activists board Boskalis vessel carrying Shell’s North Sea-bound FPSO

Environmental activists have boarded Boskalis vessel, which is transporting a circular FPSO destined for Shell’s oil & gas project off the UK.

about 3 years ago

Central Morecambe platform; Source: Spirit Energy

Regulation & Policy

Turning depleted natural gas fields into ‘one of the biggest carbon storage and hydrogen production clusters’

Spirit Energy has confirmed its plan to transform two depleted gas fields in Morecambe Bay into a carbon storage cluster.

about 3 years ago

Regulation & Policy

McDermott joins in on Greece-Africa interconnector project

McDermott and Eunice Energy Group have signed a memorandum of understanding (MoU) to cooperate on a 2 GW electrical interconnector between Greece and Egypt. Eunice Energy Group is leading the transnational consortium between Greece and Egypt for the Greece-Africa Power (GAP) Interconnector project,

about 3 years ago

Regulation & Policy

New offshore safety guidance with potential to prevent major oil & gas accidents sees the light of day

Aberdeen-based Salus Technical has launched what it describes as “a potentially life-saving” guidance document.

about 3 years ago

Regulation & Policy

Norsepower gets financial boost from Finnish Climate Fund to scale up production

The Finnish Climate Fund, a state-owned special assignment firm, will provide a capital loan of up to €10 million euros to rotor sail manufacturer Norsepower for increasing its production capacity. The capital loan comes with a market-based interest rate determined according to the risks of the proj

about 3 years ago

Illustration/Ingine’s wave energy demonstration plant in Jeju Island, South Korea (Courtesy of Ingine)

Regulation & Policy

Innovate UK funds wave energy scheme offshore Indonesia

Innovate UK has selected a consortium, led by Ingine Wave Energy Systems, to receive funding support for the development of wave energy project offshore Indonesia.

about 3 years ago

Regulation & Policy

CMA CGM launches €200 mln call for decarbonization projects

French container shipping major CMA CGM Group has invited start-ups and businesses working on concrete solutions to submit projects that aim to speed up the decarbonization of the French shipping industry. The company has committed a €200 million budget for the projects from its five-year $1.5 billi

about 3 years ago