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Regulation & Policy

69 NGOs urge IMO to exclude biofuels from Global Fuel Standard

The International Maritime Organization (IMO) and its 176 member states have been urged by 69 conservation NGOs to oppose the promotion of biofuels in international shipping and commit to a future powered by ‘genuine’ clean energy.

about 1 year ago

Chevron secured Stena Drilling’s Stena Forth drillship for a decommissioning campaign in the Mediterranean Sea offshore Israel a few years ago, alongside an option for a well offshore Cyprus; Source:

Regulation & Policy

Aphrodite rising as Chevron, Shell, NewMed and Cyprus give the go-ahead for tweaked gas development plan

Chevron and its partners, BG Cyprus (Shell) and NewMed Energy, have given their blessing, together with the government of Cyprus, for an updated development plan of an offshore gas field reservoir in Block 12 located in the Eastern Basin of the Mediterranean Sea.

about 1 year ago

Regulation & Policy

Brazil in for busy summer with new oil & gas round

Brazil’s National Agency of Petroleum, Natural Gas, and Biofuels (ANP) has disclosed the date for the country’s next oil and gas bidding round.

about 1 year ago

Empire Wind to probe concrete turbine foundations

Regulation & Policy

New York greenlights Equinor’s Empire Wind 1 transmission facilities

Equinor has been granted approval by the New York State Public Service Commission (NYPSC) to build and operate offshore and onshore transmission facilities for the 816 MW Empire Wind 1 offshore wind project. The overall transmission line for the Empire Wind 1 offshore wind project runs approximately

about 1 year ago

David Whitehouse CEO, Offshore Energies UK (OEUK)

Regulation & Policy

OEUK pushes for UK carbon capture funding amid budget concerns

Britain’s trade body for the offshore energy industry Offshore Energies UK (OEUK) has urged the UK government to stay committed to supporting additional carbon capture, usage, and storage (CCUS) projects as concerns mount over potential funding cuts in the upcoming comprehensive spending review (CSR

about 1 year ago

Regulation & Policy

Lloyd’s Register gives its blessing to Brazilian 24-meter USV

Maritime classification society Lloyd’s Register has awarded Approval in Principle (AiP) to Brazilian company TideWise for a 24-meter uncrewed surface vessel (USV) capable of performing offshore subsea inspection operations at depths of up to 2,500 meters. According to Lloyd’s Register, the AiP conf

about 1 year ago

Regulation & Policy

Countdown to compliance: Are shipowners ready for the Hong Kong Convention?

With the Hong Kong Convention (HKC) coming into effect on June 26, 2025, the clock is ticking for shipowners who need to ensure compliance with regulatory controls and inspections concerning the recycling of their end-of-life vessels, Norway-based classification society DNV has stressed. In its new

about 1 year ago

Regulation & Policy

Canada commits $25M to green shipping along British Columbia coastline

The Government of Canada is advancing green shipping initiatives along British Columbia’s coastline with up to C$35.5 million (circa $24.8 million) in funding to support three projects investing in clean technology and port infrastructure. As disclosed, the funding will be provided under Canada’s Gr

about 1 year ago

BP's Cassia platform offshore Trinidad and Tobago (for illustration purposes); Source: BP

Regulation & Policy

26 offshore blocks up for grabs in Trinidad and Tobago’s 2025 deepwater oil & gas bid round

Trinidad and Tobago has initiated its new bidding round to boost hydrocarbon exploration and production in this Caribbean twin-island country located off the northern edge of the South American mainland.

about 1 year ago

Regulation & Policy

Equatorial Guinea launching new oil & gas licensing round after six years

Equatorial Guinea’s Ministry of Mines and Hydrocarbons is set to launch a new oil and gas licensing round to up the country’s offshore exploration and production ante.

about 1 year ago

Regulation & Policy

South Korean gov’t to invest $153M to support green shipbuilding and slash GHG emissions

The government of South Korea has laid out a plan to invest about KRW 222.3 billion (circa $152.89 million) to support the construction (or conversion) of 81 environmentally friendly vessels. According to the nation’s Ministry of Ocean and Fisheries (MOF), KRW 163.5 billion has been set aside from t

about 1 year ago

Regulation & Policy

TotalEnergies set to boost India’s gas market with decade-long LNG supply

TotalEnergies has struck a new deal with India’s state-owned oil and gas company, Gujarat State Petroleum Corporation (GSPC), to provide around six liquefied natural gas (LNG) cargoes for ten years.

about 1 year ago

Noble Discoverer (former Maersk Discoverer) rig, which carried out the drilling campaign off Guyana for CGX and Frontera JV; Source: Maersk Drilling (now Noble Corporation)

Regulation & Policy

Partners dive into legal avenues upon receipt of Guyana’s offshore license termination notice

Joint venture (JV) partners, Canada’s CGX Energy and Frontera Energy, have decided to put all legal options on the table to come up with the best way to assert and defend their interests in the Corentyne block off the coast of Guyana, following a license termination communication from the country’s

about 1 year ago

Regulation & Policy

First CO2 injection offshore UK starts paving the way for permanent storage

Perenco UK and Carbon Catalyst Limited have kicked off the UK’s first-ever CO2 injection test, carried out at a carbon capture and storage (CCS) license in the North Sea that encompasses what is seen as the UK’s largest depleted gas field. As part of Project Poseidon, the test includes CO2 being inj

about 1 year ago