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Regulation & Policy

German Federal Government concludes Uniper agreement

Today, the German Federal Government and energy company Uniper have concluded a framework agreement to concretize the measures to stabilise Uniper agreed between the Federal Government, Uniper, and Fortum on 21 September 2022. Under the agreement, German’s Federal Ministry of Finance will be respons

about 3 years ago

Regulation & Policy

Ofgem withdraws cap and floor regime for 1.4 GW interconnector

UK energy market regulator Ofgem has withdrawn the cap and floor regime awarded in principle for a 1.4 GW interconnector due to the project having encountered “significant delays”.

about 3 years ago

Regulation & Policy

EU poised to start taxing shipping emissions in 2024

In the final round of talks over the weekend, the EU Council and the European Parliament hammered out a provisional political agreement on legislative proposals of the ‘Fit for 55’ package that aim to further reduce emissions and address their social impacts. The ‘Fit for 55’ package is aimed at ena

about 3 years ago

Regulation & Policy

North Sea operators fined amid crackdown on risks to UK’s net-zero and energy security

UK’s regulator North Sea Transition Authority (NSTA) has fined EnQuest, Equinor, and Spirit Energy a total of £265,000 or $322,437.

about 3 years ago

Illustration/D10 tidal turbine developed by French company Sabella (Courtesy of Sabella/Balao)

Regulation & Policy

Europe launches €40 million call for demonstration of tidal energy farms

The European Union has launched a funding call under its Horizon Europe program, looking for tidal energy farm demonstration projects, as it aims to improve market confidence and sustainability of tidal energy technology.

about 3 years ago

INTOG leasing illustration (Courtesy of Crown Estate Scotland)

Regulation & Policy

In focus: Oil and gas electrification gains ground as offshore energies forge closer ties

Offshore energy industries, which up until recently had little in common, are becoming increasingly intertwined as governments and private sectors step up their game for a more integrated and sustainable energy mix of the future.

about 3 years ago

Plans unveiled for $20.4 billion investments in ten oil & gas projects

Regulation & Policy

Plans unveiled for investments of $20.4 billion in ten oil & gas projects

Aker BP has submitted a PIO and ten PDOs for oil and gas projects to the Norwegian Ministry of Petroleum and Energy.

about 3 years ago

Regulation & Policy

IMO fails to adopt more ambitious 2050 target

The IMO failed to adopt a concrete shipping decarbonisation target for shipping this week following the Marine Environment Protection Committee (MEPC 79) meeting that ended earlier today. The support from the member countries for eliminating the industry’s emissions by 2050 and for setting interim t

about 3 years ago

Regulation & Policy

Vår Energi to address nonconformity for its FPSO modification project

Norwegian regulator has carried out an audit of Vår Energi and its management of barriers and maintenance on an FPSO modification project.

about 3 years ago

Regulation & Policy

Equinor all set to drill North Sea wildcat

Equinor has secured a drilling permit from the country’s authorities for an exploration well in the North Sea off Norway.

about 3 years ago

Regulation & Policy

Equinor tasked with assessment of improvement points for North Sea platform

Norwegian offshore safety regulator has carried out an audit at one of the Equinor-operated North Sea platforms.

about 3 years ago

Illustration/WaveEL wave energy system (Photograph courtesy of Waves4Power AB, Sweden)

Regulation & Policy

Waves4Power signs deal to develop wave energy parks offshore Indonesia

Swedish wave energy company Waves4Power and Indonesia’s state-owned electric utility PLN Indonesia Power has signed a memorandum of understanding (MoU) to develop WaveEL wave energy parks on a large scale in the world’s largest archipelagic state.

about 3 years ago

The AR1500 tidal turbine for the MeyGen project (Courtesy of SIMEC Atlantis)

Regulation & Policy

Scottish public bodies appoint financial advisor for MeyGen tidal energy project

Scotland’s national economic development agency Scottish Enterprise and its manager of land and sea assets Crown Estate Scotland have selected an Edinburgh-based consultancy to provide technical advice services for investments in the MeyGen tidal energy project.

about 3 years ago

Regulation & Policy

Oil & gas players pursuing electrification in Norwegian Sea to curb emissions

OKEA and Equinor in collaboration with license partners have set the wheels into motion to electrify the Draugen field and Njord A platforms.

about 3 years ago