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Regulation & Policy

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Shipping
Regulation & Policy

Poseidon Principles align with IMO’s raised ambitions

The Poseidon Principles have updated their global framework for assessing and reporting financial institutions’ shipping portfolios’ alignment with climate goals to the IMO’s revised GHG strategy adopted in July 2023. Pioneered in 2019 by Citi, Societe Generale, and DNB with the support of the Globa

about 3 years ago
North Field off Qatar; Source: QatarEnergy LNG
Regulation & Policy

All energy roads lead to decarbonization with gas as a linchpin of low-carbon transformation

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Despite the growing opposition to fossil fuels, natural gas, primarily LNG, is still the top contender for the transition fuel, which will bridge the gap towards the sought-after low-carbon and green energy future.

20 minutes read
Quayside integration of Subhub platform with Tocardo tidal turbines (Courtesy of QED Naval)
Regulation & Policy

QED Naval presents its ‘tidal town’ vision to Anglesey officials

Scottish company QED Naval has ‘constructive discussions’ with MP of Anglesey Virginia Crosbie, taking the opportunity to outline its plans for the development of 4.5MW tidal energy project off Holy Island, along with associated operations. A strong advocate for decarbonization, Crosbie believes tha

about 3 years ago
Schottel Marine’s rock anchor (Swift Anchor) concept with DNV’s feasibility statement (Courtesy of Schottel Marine Technologies)
Regulation & Policy

DNV issues feasibility statement for Schottel Marine’s rock anchor concept

Schottel Marine Technologies has secured the statement of feasibility from the classification society DNV for its rock anchor (Swift Anchor) concept for offshore renewables, namely tidal energy and floating wind technologies.

about 3 years ago
SRC Group gets LR’s approval for retrofit methanol storage solution
Regulation & Policy

SRC Group gets LR’s approval for retrofit methanol storage solution

Global solution provider SRC Group has received Approval in Principle (AiP) from Lloyd’s Register (LR) for Methanol Superstorage, a new and space-efficient retrofit methanol storage solution.

about 3 years ago
Alexandroupolis LNG terminal wins €106 million European Commission grant
Regulation & Policy

Alexandroupolis LNG terminal wins €106 million European Commission grant

The European Commission has approved, under EU State aid rules, a €106 million Greek measure to support the completion of the construction of Gastrade’s liquefied natural gas (LNG) terminal in Alexandroupolis. The aid will take the form of a direct grant, and according to Gastrade, the promoter and

about 3 years ago
In focus: Advanced economies should pave the energy transition way as 'bolder action' is needed
Regulation & Policy

In focus: Advanced economies should pave the net-zero way as bolder action is needed

Although achieving the current net-zero targets is still possible due to the fast-paced development of clean energy technologies, experts believe that we need to make moves that are more strategic.

about 3 years ago
Illustration/Artist’s impression of Swansea Bay Tidal Lagoon (Courtesy of Tidal Lagoon Power)
Regulation & Policy

Welsh government starts assessing applications for tidal lagoon challenge

The Welsh government has started the review of 10 applications received from more than 20 organizations as part of its €860,000 (£750,000) Tidal Lagoon Challenge.

about 3 years ago
Scots-Commission-Study-to-Help-SMEs-in-Offshore-Wind
Regulation & Policy

Crown Estate and Crown Estate Scotland forge seabed data alliance

Crown Estate Scotland and the Crown Estate have forged a partnership to collect and share data that will provide a more comprehensive and integrated understanding of the UK’s seabed. The new arrangement is said to benefit its many users, the natural environment, and expedite the sustainable deployme

about 3 years ago
Transocean Enabler rig; Credit: Jan Arne Wold/Equinor
Regulation & Policy

Equinor ready to begin drilling work with Transocean rig

Equinor has received consent to use one of Transocean’s semi-submersible rigs for production drilling at a field in the North Sea off Norway.

about 3 years ago
Grane; Credit: Øyvind Hagen/Equinor
Regulation & Policy

North Sea oil project gets the go-ahead to come on stream

Equinor has received the seal of approval from Norway’s authorities to bring online an oil field project in the Norwegian sector of the North Sea next month.

about 3 years ago
SIMEC Atlantis’ tidal turbine for MeyGen project (Courtesy of SIMEC Atlantis)
Regulation & Policy

SIMEC Atlantis swings to half-year profit

SIMEC Atlantis Energy has recorded a profit before tax of €5.2 million (£4.5million) for the first six months of fiscal 2023, as opposed to the loss of €9.9 million (£8.6 million) filed for the same period a year earlier.

about 3 years ago
LR awards first approval for ammonia two-stroke engine to WinGD
Regulation & Policy

LR awards first approval for ammonia two-stroke engine to WinGD

Swiss marine power company WinGD has received the first-ever approval in principle (AiP) from Lloyd’s Register (LR) for its two-stroke engines fueled with ammonia. According to WinGD, LR’s approval for the X-DF-A dual-fuel range will give shipowners assurance they need to realize vessels using ammon

about 3 years ago
Greece and Saudi Arabia establish joint venture company to develop electricity link
Regulation & Policy

Greece and Saudi Arabia lay foundation for development of electricity interconnector

Greece and Saudi Arabia have agreed to establish a special purpose company for the development of an electricity interconnector between the two countries. Chairman of the Board and CEO of Greek electricity grid operator Independent Power Transmission Operator (IPTO or Admie) Manos Manousakis and the

about 3 years ago