Despite a massive drop in premium earnings for ships fitted with scrubbers during 2020, the scope for scrubber cancellations has been limited due to contractual obligations with shipyards and scrubber manufacturers, Gibson Shipbrokers said in its latest weekly report. This might come as a bit surpri
A former executive at Petrofac has pleaded guilty to bribery offences related to contract awards to Petrofac in UAE worth about $3.3 billion.
Norway’s offshore safety regulator has given Lundin consent for exploration drilling of an offshore well using the West Bollsta rig.
Despite the ongoing coronavirus pandemic, activity on the Norwegian continental shelf last year remained at a high level with high production and significant investments in developments and projects on the fields.
As Gazprom prepares to continue Nord Stream 2 pipelaying work in Danish waters, the U.S. State Department has again warned European companies of sanctions if they are suspected of helping to build Russia’s new gas pipeline.
The UK Oil and Gas Authority (OGA) has decided to take “a blended approach” to licence management which should dampen the effects of the global Covid-19 pandemic.
Decarbonization in the shipping sector is inevitable. However, charting the way forward for the sector seems to be a very complex and demanding task as the industry stakeholders look at how regulations and market-based mechanisms can help the sector transition into a greener future. Regulation will
Norway, one of the wealthiest countries in the world due to its oil and gas reserves, is looking to transition to deep-sea mining for copper, zinc, and other metals in high demand in green technologies.
Mediterranean Shipping Company (MSC) has joined the Hydrogen Council, as a steering member to foster cross-sector collaboration that will accelerate research and development related to clean hydrogen derived fuels and solutions. The Hydrogen Council is a global CEO-led initiative that brings togethe
Turkey and Greece will continue exploratory talks over territorial claims in the Mediterranean Sea that almost brought the two to blows during 2020.
Turkey has increased the levels of maritime pollution fines raising them by 9.11 %, according to the Standard Club. Environmental pollution fines are revised annually and declared in the Official Gazette for the respective year. The fines relate to pollution caused by cargo ships and other naval ves
Kwasi Kwarteng has been appointed as the Secretary of State for Business, Energy and Industrial Strategy (BEIS) as part of a ministerial reorganization at the department.
The Norwegian Petroleum Directorate (NPD) has granted Chrysaor drilling permits for two wells located in the North Sea offshore Norway.
The Government of Norway has revealed plans to increase its national tax on carbon dioxide (CO2) emissions more than threefold by 2030 to help it reach its climate goals.
