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Rules & Regulation

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Illustration; Source: Offshore Energies UK (OEUK)
Rules & Regulation

Decarbonization: Oil & gas industry’s biggest challenge

There is no denying that the oil and gas industry faces multiple challenges, however, Global Data has selected the pressure to decarbonize and diversify products as the largest, driven by climate concerns and increasing carbon taxes imposed by governments, which is perceived to threaten oil and gas

about 1 year ago
Europe
Rules & Regulation

Mediterranean shipping gears up for stricter emission regulations

Mediterranean shipping companies are bracing for stricter environmental standards as the Mediterranean Emission Control Area for sulphur oxides enters into effect on May 1, demanding adjustments to their fleets and operations.

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about 1 year ago
EU
Rules & Regulation

In a further blow to Russia’s shadow fleet, EU now requires all vessels to be insured

Intensifying its efforts to crack down on Russia’s shadow fleet, the European Union has adopted another measure.

about 1 year ago
ammonia
Rules & Regulation

UK unveils new ammonia fuel guidelines in push for greener shipping

The UK’s Maritime and Coastguard Agency (MCA) has released new guidance on the use of ammonia as a marine fuel, marking a ‘vital’ step toward enabling wider alternative fuel adoption in the country’s shipping industry. As disclosed, the guidelines, issued on April 16, 2025, provide a framework for o

about 1 year ago
Eni
Rules & Regulation

UK CCS project enters construction phase with financial close now secured

Italy’s oil & gas giant Eni has reached financial close with the UK Government for a carbon capture and storage (CCS) project in northern England, now free to move to the construction phase. Eni announced today, April 24, that it had reached financial close with the Department of Energy Security and

about 1 year ago
Gen2 Energy to develop another green hydrogen facility in Norway
Rules & Regulation

Gen2 Energy to develop another green hydrogen facility in Norway

Gen2 Energy and Farsund municipality have signed an agreement under which Gen2 Energy can secure, on a long-term basis, the industrial site Lundevågen Havneområde in Farsund to build a production facility for green hydrogen.

about 1 year ago
KOBC
Rules & Regulation

GCMD unpacks cost and compliance tool for IMO’s new climate framework

The Global Centre for Maritime Decarbonization (GCMD) has unpacked a cost and compliance calculator aimed at exploring how the International Maritime Organization’s GHG Global Fuel Intensify (GFI)-linked pricing system could impact operational costs in shipping. As noted by the GCMD, the tool could

about 1 year ago
new
Rules & Regulation

New agreement on seafarers’ minimum wage emerges from ILO discussions

Following a bipartite dialogue between shipowners and seafarers’ unions, the International Labour Organization (ILO) has wrapped up the latest round of negotiations concerning the minimum wage for able seafarers. As informed, an agreement was reached at a meeting of the Joint Maritime Commission’s (

about 1 year ago
Fugro logo
Rules & Regulation

Fugro realigns Americas ops amid offshore wind slowdown and market uncertainty

Dutch Fugro has realigned its operations in the Americas by reducing its workforce and scaling back operations due to expected lower revenues caused by a pause in new offshore wind projects. In the financial update for the first quarter of 2025, Fugro stated that rapidly increased geopolitical and e

about 1 year ago
Shelf Drilling Barsk (former Noble Lloyd Noble) jack-up rig; Source: Jamie Baikie/Equinor
Rules & Regulation

Serious regulation breaches connected to Shelf Drilling rig’s cyber security come to light

Shelf Drilling (SHLF) has now received an order from the Norwegian offshore safety regulator after a probe into the management of data security risks for industrial ICT systems on board one of its jack-up rigs working off the coast of Norway.

about 1 year ago
Deepsea Stavanger rig; Source: Odfjell Drilling
Rules & Regulation

Aker BP gearing up to spud North Sea wildcat with Odfjell Drilling’s rig

Aker BP has secured a drilling permit for an exploration well in the North Sea off the coast of Norway, which will be drilled this month with a semi-submersible rig owned by Odfjell Drilling, an offshore drilling contractor.

about 1 year ago
2 GW hybrid offshore interconnector in the plans to hook up Lithuania, Latvia and Germany
Rules & Regulation

2 GW hybrid offshore interconnector in the plans to hook up Lithuania, Latvia and Germany

Lithuania, Latvia and Germany are planning to jointly develop a hybrid offshore electricity interconnector between the two Baltic States and Germany, which would be 600 kilometers long and with a capacity of 2 GW. Lithuanian transmission system operator (TSO) Litgrid and its Latvian and German count

about 1 year ago
Aftermath of IMO’s net-zero framework: ‘Historic’ agreement or ‘total shipwreck’?
Rules & Regulation

Aftermath of IMO’s net-zero framework: ‘Historic’ agreement or ‘total shipwreck’?

During the session held from April 7 to April 11, MEPC 83 approved the IMO Net-Zero Framework, said to be the first in the world to combine mandatory emissions limits and greenhouse gas (GHG) pricing across an entire industry sector.

about 1 year ago
German Energiequelle to work on its first hydrogen project in Finland
Rules & Regulation

German Energiequelle to work on its first hydrogen project in Finland

Energiequelle Finland, a part of German energy company Energiquelle, has received planning consent for its Oulu Green Hydrogen Park project from Finland’s city of Oulu.

about 1 year ago