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Regulation & Policy

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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
Noble Interceptor jack-up rig; Source: Noble Corporation
Regulation & Policy

Greening offshore drilling: Rigs powered by alternative fuels in pursuit of low-emission era

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As the offshore energy industry continues its gradual shift to low-carbon and renewable energy sources, offshore drilling players are intensifying their efforts to slash emissions on the path to a sustainable future. While drilling rigs largely run on diesel, which creates electricity to power the m

16 minutes read
Rendering of an LNG terminal
Regulation & Policy

Report calls LNG ‘a false solution’ harming the climate, urging banks to stop financing export terminals

Non-governmental research and campaigning organization Reclaim Finance and BankTrack, an international tracking, campaigning, and civil society support organization targeting private sector commercial banks and the activities they finance, have published a report asking banks to stop financing lique

about 1 year ago
Offshore Energy Recap 2024
Regulation & Policy

Readers’ choice: Offshore Energy’s most-read news of 2024

With increasing coverage of global energy transition efforts, but also energy security worries, keeping up with everything can be a challenge. To celebrate the year gone by, the Offshore Energy editorial team brings you the most-read stories on the site that defined the journey throughout 2024. $30

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

2024 energy plays in review: Uptick in renewables and clean tech, but oil & gas still hold energy security keys

As another turbulent year for the energy markets, 2024 witnessed a further escalation in geopolitical tensions and conflicts, leading to a mixed bag of achievements, missed opportunities, and rough energy seas not only for the goal of tripling clean sources of supply but also for dominant fossil fue

50 minutes read
Investigation into damage of Finland-Estonia link finds dragging marks on seabed
Regulation & Policy

Investigation into damage of Finland-Estonia link finds dragging marks on seabed

The investigation into the damage that occurred on Christmas day on the Eastlink 2 undersea cable between Finland and Estonia in the Baltic Sea has found a dragging track on the seabed that is dozens of kilometers long, the Finnish police reported. To remind, Finland’s transmission system operator (

about 1 year ago
HJSC wins LR’s nod for 88,000 cbm VLAC design
Regulation & Policy

HJSC wins LR’s nod for 88,000 cbm VLAC design

South Korean HJ Shipbuilding & Construction (HJSC) has obtained approval in principle (AiP) from the classification society Lloyd’s Register (LR) for the design concept of an 88,000 cbm next-generation eco-friendly very large ammonia carrier (VLAC).

about 1 year ago
FuelEU
Regulation & Policy

FuelEU implementation to be postponed in Norway and Iceland

The FuelEU Maritime regulation, set to enter force January 1, 2025, will face delays in its application to Norway and Iceland due to its postponed incorporation into the European Economic Area (EEA) Agreement, the UK-based classification society Lloyd’s Register (LR) revealed. The Norwegian Maritime

about 1 year ago
Illustration; Source: New York Senate
Regulation & Policy

New York fires $75 billion shot for Big Oil to foot the landmark climate ‘superfund’ bill

As the climate crisis continues to wreak havoc across the globe, New York has taken decisive action to hold fossil fuel players accountable for their pollution effects by establishing a new climate fund, described as landmark legislation to strengthen the state’s climate endeavors and environmental

about 1 year ago
Prysmian secures gender equality certification from RINA
Regulation & Policy

Prysmian secures gender equality certification from RINA

Italy-headquartered cable systems giant Prysmian has obtained certification for gender equality, awarded by RINA, a multinational certification group. This highlights its progress in fostering inclusivity and diversity across its Italian operations, including Prysmian Spa and EOSS. According to Prys

about 1 year ago
Estlink 2 damage not considered an accident, Estonia's minister says as defense forces protect sister link
Regulation & Policy

Estlink 2 damage not considered an accident, Estonia’s minister says as navy protects sister link

Estonia’s Defense Forces launched a naval operation early today to protect the Estlink 1 interconnector between Estonia and Finland as a response to the damage that occurred on the day of Christmas on Eastlink 2. Finland’s transmission system operator (TSO) Fingrid reported to the authorities on Dec

about 1 year ago
Japan and Malaysia strengthen hydrogen ties
Regulation & Policy

Japan and Malaysia strengthen hydrogen ties

Mitsubishi Power has welcomed the Premier of Malaysia’s Sarawak to its Takasago Hydrogen Park in Hyogo Prefecture, Japan, marking a significant step in strengthening ties between the hydrogen ambitions of Sarawak and hydrogen technologies from Mitsubishi Power.

about 1 year ago
Photo: San Miguel Global Power
Regulation & Policy

Green light for trio’s ‘critical’ $3.3 billion LNG acquisition

The Philippine Competition Commission (PCC) has given its blessing to three players for the joint acquisition of power facilities and a liquefied natural gas (LNG) terminal in Batangas City, Philippines.

about 1 year ago
Scarabeo 8 rig; Source: Saipem
Regulation & Policy

Saipem rig gearing up to spud Aker BP’s wildcat pair

Aker BP has received the Norwegian authorities’ blessing to drill two exploration wells in the Norwegian Sea, off the coast of Norway, with a semi-submersible rig owned by Italy’s Saipem.

about 1 year ago