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Regulation & Policy

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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
Gjøa; Source: Vår Energi
Regulation & Policy

‘Great’ oil & gas exploration appetite bears fruit as Norway awards 53 new production licenses

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As part of the award in the pre-defined areas 2024 (APA 2024) round, Norway’s Ministry of Petroleum and Energy has offered 53 production licenses to 20 oil and gas companies for further hydrocarbon exploration activity on the Norwegian Continental Shelf (NCS).

about 1 year ago
HD KSOE gets seals of approval for hydrogen tank technology
Regulation & Policy

HD KSOE gets seals of approval for hydrogen tank technology

HD KSOE has obtained approvals in principle (AiPs) from LR, ABS, DNV and KR for its vacuum insulation system for liquid hydrogen (LH2) storage tanks.

about 1 year ago
Map showing the planned location of MESH and the existing energy infrastructure and projects surrounding it; Source: EnergyPathways
Regulation & Policy

UK’s ‘largest’ gas and hydrogen energy storage project on track for FID in 2025

EnergyPathways has made progress in making its proposed large-scale energy storage project in the East Irish Sea ready for a final investment decision (FID) later this year by securing operatorship for a block encompassing the project and picking a compatriot contractor to handle engineering study f

about 1 year ago
UK's first HVDC cable factory gets €23.7M boost from Scottish bank
Regulation & Policy

UK’s first HVDC cable factory gets €23.7M boost from Scottish state-owned bank

The state-owned Scottish National Investment Bank is investing £20 million (around €23.7 million) in subsea cable manufacturer XLCC which will support the development of the UK’s first HVDC cable factory, located in North Ayrshire, Scotland. The new manufacturing facility is located at the brownfiel

about 1 year ago
KSB
Regulation & Policy

Fueling the future: KSB’s ammonia dual fuel MR tanker concept secures stamp of approval

South Korea’s shipbuilder K Shipbuilding (KSB) has recently received the go-ahead for an ammonia dual-fuel medium-range petrochemical carrier from the classification society American Bureau of Shipping (ABS). As disclosed, the South Korean maritime industry player secured the green light via an appr

about 1 year ago
Prigorodnoye production complex at Sakhalin II project; Source: Gazprom
Regulation & Policy

America and UK put two Russian oil majors on blacklist, as US sanctions spree spreads to 183 ‘shadow fleet’ vessels

The latest raft of sanctions, which comes from the United States (U.S.) and the United Kingdom (UK), targets Russia’s energy sector by focusing on two giant Russian oil producers alongside means of enabling crude oil production and exports.

21 minutes read
All green lights in for second Malta-Italy interconnector
Regulation & Policy

Second Malta-Italy interconnector gets final approval, commissioning set for 2026

The second interconnector between Malta and Italy has officially been approved in both countries following the final permit from the Italian Ministry for the Environment and Energy Security (MASE). The IC2 interconnector will consist of a 122-kilometer high-voltage alternating current (HVAC) electri

about 1 year ago
Shah Deniz Alpha platform off the coast of Azerbaijan; Source: BP
Regulation & Policy

BP shuts down production at offshore platform, Azerbaijan cuts off gas supplies to Bulgaria and Serbia

A pipeline malfunction has forced BP, the UK-headquartered energy giant, to temporarily stop production from a platform at one of the world’s largest gas-condensate fields and the company’s largest gas discovery ever.

about 1 year ago
Shell used Deepsea Bollsta rig, formerly known as West Bollsta for its drilling campaign in Namibia's Orange Basin; Source: Odfjell Drilling
Regulation & Policy

Namibia’s Orange Basin still oil-rich but Shell’s discovery deemed ‘commercially unfeasible’

Shell has decided to write down $400 million, citing technical and geological difficulties encountered at the petroleum exploration license (PEL) 39, as its oil discovery in the Orange Basin off the coast of Namibia cannot be confirmed for commercial development at this point.

about 1 year ago
inland
Regulation & Policy

Swift action needed to bring autonomous inland shipping closer to reality, German insurers say

From a purely technical perspective, it would be already possible today to allow inland waterway vessels to travel across rivers unmanned and remotely controlled. However, as there are still many legal hurdles standing in the way of the everyday use of such ships, German insurers have called on the

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

Legal quagmire of US offshore oil & gas drilling: Trump’s ban reversal vow clashes with ‘uphill battle’ pledges

U.S. President-elect Donald Trump has vowed to undo the offshore drilling ban, sparking a backlash from climate activists, who threaten to take the new Trump administration to court if it attempts to unravel these ocean protections.

15 minutes read
North Sea ecosystem regeneration at heart of Dutch govt's new program
Regulation & Policy

North Sea ecosystem regeneration at heart of Dutch govt’s new program

Human touch has taken its toll on the delicate North Sea ecosystem. With the growing pressure of climate change and demand for sustainable energy and food, this ecosystem keeps deteriorating. Preventing or preserving the North Sea now has an exclamation point. As a response, the Dutch Ministry of Ag

about 1 year ago
carbon
Regulation & Policy

47 governments, shipping industry propose text for IMO carbon tax

The International Chamber of Shipping (ICS) has joined 47 governments in a joint submission to the final round of negotiations at the United Nations’ International Maritime Organization (IMO) to adopt a maritime greenhouse gas (GHG) emissions pricing mechanism for international shipping.

about 1 year ago