Norwegian company Ocean Sun has received a grant from the Research Council of Norway to further develop its floating solar technology.
Finland’s largest shipbuilder Meyer Turku is getting an €80 million ($85 million) financial lifeline from the Finnish government to overcome liquidity challenges caused by the ongoing geopolitical situation caused by Russia’s war in Ukraine. The European Commission approved the recapitalization meas
The Mediterranean Sea has been designated as an Emission Control Area for Sulphur Oxides and particulate matter at last week’s MEPC 79th session. The designation means that as of 1 May 2025 ships will be required to use marine fuel with reduced sulphur content. The permissible sulphur content will f
The Dutch government will start identifying further offshore wind areas in 2023, following the recently announced targets of 50 GW by 2040 and 70 GW by 2050. Currently, the government is working on an outlook for offshore wind, which adds more forward-looking plans to the roadmap and accounts for la
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
UK energy market regulator Ofgem has withdrawn the cap and floor regime awarded in principle for a 1.4 GW interconnector due to the project having encountered “significant delays”.
QatarEnergy, TotalEnergies, and Petronas have been awarded an offshore exploration block in Brazil.
Regulator has laid charges against Suncor Energy related to an incident from 2019 on an FPSO off Canada, in which a worker was injured.
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
UK’s regulator North Sea Transition Authority (NSTA) has fined EnQuest, Equinor, and Spirit Energy a total of £265,000 or $322,437.
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.
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.
Aker BP has submitted a PIO and ten PDOs for oil and gas projects to the Norwegian Ministry of Petroleum and Energy.
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
