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Regulation & Policy

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MMMCZCS
Regulation & Policy

Global ship recycling rules go live with Hong Kong Convention

As of today, June 26, the Hong Kong International Convention for the safe and environmentally sound recycling of ships (HKC) officially enters into force. It marks a long-awaited turning point in how the world dismantles and recycles end-of-life vessels. Over two decades in the making, the conventio

about 1 year ago
Seafarer
Regulation & Policy

Day of the Seafarer: The unseen struggles of workers on the frontline of change

Observed annually on June 25, the Day of the Seafarer brings the spotlight to those who keep global trade moving—quietly stitching the seams of the world’s economy from one port to the next—often under immense strain and with little recognition. This year’s campaign, “My Harassment-free ship”, led b

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about 1 year ago
Chevron-operated Leviathan gas asset; Source: NewMed Energy
Regulation & Policy

Oil & gas price uptick and vessel rerouting as Israel-Iran conflict keeps markets on edge

A spike in crude oil prices and tweaks to ships’ regular routes are some of the key indicators of uncertainty enveloping energy and shipping markets in the wake of Israel’s attack on Iran, as both countries turn off their giant offshore hydrocarbon production taps for safety reasons.

11 minutes read
Illustration; Source: ADNOC
Regulation & Policy

ADNOC, Inpex, Eni, PTTEP, and Pakistan’s PIOL emerge as winners of three oil & gas blocks

The Supreme Council for Financial and Economic Affairs (SCFEA) has handed out three separate oil and gas production concessions to the UAE-based Abu Dhabi National Oil Company (ADNOC) and its partners, including Japan’s Inpex Corporation, Italy’s Eni, Thailand’s PTTEP, and Pakistan International Oil

about 1 year ago
DNV: Ageing fleet drives surge in number of maritime incidents
Regulation & Policy

DNV: Ageing fleet drives surge in number of maritime incidents

Maritime safety incidents rose by 42% between 2018 and 2024, driven mainly by risks linked to an ageing fleet and machine damage/failure, according to the report, ‘Maritime Safety Trends 2014-2024 – Preparing for future risks,’ by classification society DNV.

about 1 year ago
Shipping emissions can drop over 95% by 2050 with policy support, report says
Regulation & Policy

Shipping emissions can drop over 95% by 2050 with policy support, report says

International shipping can reach zero or very near zero tank-to-wake (TTW) CO2 emissions by 2050, and achieve 95%+ reductions in well-to-wake (WTW) greenhouse gas (GHG) emissions from 2018 levels, in scenarios aligned to a 1.5°C global temperature goal, according to a report from ERM, UMAS and UCL,

about 1 year ago
Illustration; Source: Offshore Energies UK (OEUK)
Regulation & Policy

Decarbonization: Oil & gas industry’s biggest challenge

There is no denying that the oil and gas industry faces multiple challenges, however, Global Data has selected the pressure to decarbonize and diversify products as the largest, driven by climate concerns and increasing carbon taxes imposed by governments, which is perceived to threaten oil and gas

about 1 year ago
Aftermath of IMO’s net-zero framework: ‘Historic’ agreement or ‘total shipwreck’?
Regulation & Policy

Aftermath of IMO’s net-zero framework: ‘Historic’ agreement or ‘total shipwreck’?

During the session held from April 7 to April 11, MEPC 83 approved the IMO Net-Zero Framework, said to be the first in the world to combine mandatory emissions limits and greenhouse gas (GHG) pricing across an entire industry sector.

about 1 year ago
Osaka Gas
Regulation & Policy

IMO takes steps to uphold seafarers’ rights

The International Maritime Organization (IMO) has adopted new guidelines set to protect seafarers from unfair treatment when detained in foreign jurisdictions in connection with alleged crimes committed at sea.

about 1 year ago
Chevron-operated Leviathan gas asset (for illustration); Source: NewMed Energy
Regulation & Policy

BP and SOCAR join NewMed in grabbing slice of multi-license gas exploration pie off Israel

Israel’s Ministry of Energy and Infrastructure has put its stamp of approval on six licenses in a fourth competitive process for natural gas exploration in the State of Israel’s Exclusive Economic Zone (EEZ). The list of license winners entails Azerbaijan’s SOCAR, NewMed Energy – former Delek Drilli

about 1 year ago
Prinos is situated in the vicinity of Kavala NE Greece operated by Energean; Source: EnEarth
Regulation & Policy

$945 million sale deal for ‘high-quality’ assets on shaky ground as uncertainty abounds

Energean has spotted potential clouds that are gathering on the divestment horizon for its portfolio in Egypt, Italy, and Croatia with an enterprise value (EV) of up to $945 million, of which $820 million is firm.

about 1 year ago
Tungsten Explorer drillship; Credit: Greg Williams
Regulation & Policy

TotalEnergies and Eni sign on dotted line for Cyprus gas exports through Egypt

TotalEnergies and Eni have struck a deal with Cyprus and Egypt to develop a gas discovery named after the god of time in ancient Greek mythology by exporting the natural gas from the field off the coast of Cyprus through Egypt.

about 1 year ago
Illustration; Source: Westwood
Regulation & Policy

$54 billion in engineering, procurement and construction contracting opportunities on offshore oil & gas agenda for 2025

The batch of new projects, which are expected to reach the EPC stage this year, is anticipated to lead to awards worth billions of dollars for jobs related to associated subsea equipment, offshore platforms, floating production units, and liquefied natural gas (LNG) equipment and facilities, based o

about 1 year ago
Offshore Energy’s top five hydrogen stories of 2024
Regulation & Policy

Offshore Energy’s top five hydrogen stories of 2024

Hydrogen is considered one of the key components of global decarbonization, with countries setting ambitious capacity and demand targets. In 2024, governments and companies worldwide increased their investments and announced new partnerships and projects, recognizing hydrogen’s potential to decarbon

about 1 year ago