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Regulation & Policy

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FPSO Akpo; Source: Sapetro
Regulation & Policy

Fresh oil, gas, and drilling plays shape global energy ecosystem

This is an overview of some of the moves made over the week, so come away with us on a journey of the fossil energy market’s latest developments.

about 2 years ago
Special purpose company established for potential Greek-Saudi electricity interconnector
Regulation & Policy

Special purpose company established for potential Greek-Saudi electricity interconnector

Greece and Saudi Arabia have officially established a special purpose company for exploring the feasibility of an electricity interconnector between the two countries. The special purpose company Saudi Greek Interconnection was established by the Greek electricity grid operator Independent Power Tra

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about 2 years ago
Suez Canal
Regulation & Policy

Can plunge in Suez Canal earnings prompt Egypt to broker peace to end Red Sea crisis?

The escalation of attacks on commercial ships in the Red Sea by the Houthi armed forces is further intensifying after increased air strikes by the U.S. and UK forces in Iraq, Syria, and Yemen. Paradoxically, the military intervention has not deterred the Houthi rebels, who have promised further reta

about 2 years ago
Arsenio Dominguez IMO
Regulation & Policy

IMO’s decarbonization focus tested amid escalating Red Sea tensions

Following a major step to create a regulatory framework for the full decarbonization of the maritime industry with the adoption of a revised Greenhouse Gas (GHG) strategy in July last year and alignment with the objectives of the Pairs Agreement on curbing global warming, the International Maritime

about 2 years ago
shipbreaking
Regulation & Policy

NGO Shipbreaking demands EU action on ship recycling amid stark reality of 2023 figures

The NGO Shipbreaking Platform is calling for the extension of the EU Ship Recycling Regulation to include ownership in addition to the flag, after releasing the latest figures on global shipbreaking practices for 2023. The data from the platform shows that out of the 446 ocean-going commercial ships

about 2 years ago
Maersk containership
Regulation & Policy

Red Sea crisis: Missile attacks prompt Maersk subsidiary to halt transits, as emissions surge due to rerouting

Two U.S.-flagged containerships, Maersk Detroit and Maersk Chesapeake, operated by Maersk Line, Limited, a U.S. subsidiary of A.P. Moller-Maersk, were targeted by anti-ship missiles while transiting the Bab el-Mandeb on January 24, 2024. The attacks were confirmed by Maersk saying that the two vesse

about 2 years ago
seafarers on a containership
Regulation & Policy

Neglected at sea: Seafarer abandonment surges, showing once again that critical ‘S’ is missing in sustainability

In a disheartening revelation, the International Transport Workers Federation (ITF) has unveiled alarming statistics regarding the abandonment of vessels in 2023. The figures reflect a worrying increase compared to the previous year, signifying an unsettling trend that demands urgent attention from

about 2 years ago
THE RIG; Source: PIF's Oil Park Development Company
Regulation & Policy

THE RIG’s master plan: Offshore oil platform-style ‘extreme’ adventure hub doubles in size

THE RIG is set to redefine the water sports and tourism landscape while paying homage to the legacy of Saudi Arabia’s rich oil and gas heritage.

about 2 years ago
Eagle Bulk
Regulation & Policy

Eagle’s bulker hit by ‘projectile’, crew uninjured as Red Sea situation continues to escalate

Eagle Bulk Shipping’s bulker MV Gibraltar Eagle is the latest commercial vessel to be targeted by the Houthis in the Red Sea as tensions in the region escalate following U.S. and U.K.-led airstrikes on Houthi’s positions in Yemen. The Conneticut-based dry bulk shipping major confirmed the attack in

about 2 years ago
ICCT: Liquified gas tankers to blame for 82% of shipping’s methane emissions in 2021
Regulation & Policy

ICCT: Liquified gas tankers to blame for 82% of shipping’s methane emissions in 2021

In 2021, an overwhelming 82 percent of methane emissions from international shipping could be traced back to liquefied gas tankers, primarily LNG carriers, according to the International Council on Clean Transportation (ICCT). The data is derived from an analysis conducted using the ICCT’s Systemati

about 2 years ago
piracy
Regulation & Policy

Oil tanker boarded near Oman

An oil tanker was boarded by unidentified armed individuals in military uniforms early this morning, some 50 nautical miles east of Sohar, Oman, the United Kingdom Maritime Trade Operations (UKMTO) said. Upon boarding, the vessel has reportedly altered course toward Iranian territorial waters and co

about 2 years ago
UN adopts resolution demanding immediate halt to Houthi attacks in the Red Sea
Regulation & Policy

UN adopts resolution demanding immediate halt to Houthi attacks in the Red Sea

Following what has been described as the ‘largest Houthi drone attack’ in the Red Sea on January 9, the U.N. Security Council adopted a resolution demanding that the Houthis immediately cease all attacks on merchant and commercial vessels. At least 21 missiles and drones were launched toward interna

about 2 years ago
Cameroon
Regulation & Policy

UAE bans Cameroon-flagged ships: Is this a clampdown on illegal activities of Russia’s ghost fleet?

The United Arab Emirates (UAE) has banned vessels flying the flag of the Republic of Cameroon from calling UAE waters and ports.

about 2 years ago
Offshore wind: Both challenges and enormous opportunities lie ahead
Regulation & Policy

Offshore wind: Both challenges and enormous opportunities lie ahead

The offshore wind industry has faced significant headwinds in the past couple of years, with most of the negative effects tracing their origin back to the start of the COVID-19 pandemic and the geopolitical turmoil caused by Russia’s aggression against Ukraine. This has led to supply chain instabili

about 2 years ago