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Rules & Regulation

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Supply chain constraints push back UK’s $3B subsea electricity superhighway by 16 months
Rules & Regulation

Supply chain constraints push back UK’s $3B subsea electricity superhighway by 16 months

UK energy market regulator Ofgem is considering whether to grant a penalty exemption for the joint venture (JV) developing the Eastern Green Link 1 (EGL1) subsea electricity superhighway due to a 16-month delay said to be caused by supply chain constraints. The 2 GW EGL1 HVDC multi-directional cable

about 1 year ago
6PAC+
Rules & Regulation

6PAC+ alliance representative: MEPC 83 is a defining moment for shipping’s future

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Pacific nations have reiterated that the International Maritime Organization (IMO) is on the brink of making history with binding regulations to phase out fossil fuel use in global shipping.

about 1 year ago
NKT's power cable factory expansion named EU's first net-zero strategic project
Rules & Regulation

NKT’s power cable factory expansion named EU’s first net-zero strategic project

NKT’s expansion of its high-voltage submarine power cable factory in Karlskrona, Sweden, has been recognized as the first European net-zero strategic project under the EU Net-Zero Industry Act, providing it with a national priority status for accelerated administrative treatment and faster permittin

about 1 year ago
Osaka Gas
Rules & Regulation

IMO takes steps to uphold seafarers’ rights

The International Maritime Organization (IMO) has adopted new guidelines set to protect seafarers from unfair treatment when detained in foreign jurisdictions in connection with alleged crimes committed at sea.

about 1 year ago
carbon levy
Rules & Regulation

UN carbon levy talks: Now is the time to show solidarity with climate vulnerable countries

A global carbon price on shipping—the world’s ‘first’ global carbon pricing on any sector—is being negotiated as part of measures to deliver the International Maritime Organization’s (IMO) climate commitment: an equitable transition to zero-emissions by 2050.

about 1 year ago
Development and operation plan handed in for Northern Lights expansion
Rules & Regulation

Development and operation plan handed in for Northern Lights expansion

Some five days after taking the final investment decision (FID), Northern Lights joint venture (JV) partners Equinor, Shell and TotalEnergies have submitted the plan for development and operation (PDO) to the Norwegian Ministry of Energy for the expansion of the namesake CO2 transport and storage de

about 1 year ago
North Sea; Source: OEUK
Rules & Regulation

$452 billion shot in UK economy’s arm on the table with oil & gas and other homegrown energy

With forecasts indicating that the United Kingdom (UK) will need billions of oil and gas barrels by 2050 amidst the ongoing economic challenges and energy market headwinds and tailwinds, Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has outlined in its new repor

about 1 year ago
EU
Rules & Regulation

EU urged to take action to end ‘dumping’ of toxic ships and support capacity building

Belgian NGO Shipbreaking Platform has called on the European Commission to take measures that will end the “dumping” of toxic ships and boost capacity for sustainable ship recycling.

about 1 year ago
Prysmian, N-Sea join efforts to improve submarine cable security under 7-year deal
Rules & Regulation

Prysmian, N-Sea join efforts to improve submarine cable security under 7-year deal

Italian cabling company Prysmian Group and Dutch integrated subsea solutions service provider N-Sea Group have signed a seven-year framework agreement for rapid response maintenance and repair of submarine cables. The collaboration targets enhanced energy security, bolstering the resilience of subma

about 1 year ago
Stena Carron drillship; Source; Stena Drilling
Rules & Regulation

Second Stena Drilling rig sports DNV’s drillship notation for emissions abatement

Stena Drilling has welcomed the award of an Abate (P) notation, which DNV has now bestowed upon another one of its drillships following the rig owner’s addition of multiple technical and operational measures for the rig to cut its fuel consumption and greenhouse gas (GHG) emissions.

about 1 year ago
Prinos is situated in the vicinity of Kavala NE Greece operated by Energean; Source: EnEarth
Rules & Regulation

Sale of oil & gas assets with $945 million price tag falls through

Energean has severed the divestment cord for its asset portfolio in Egypt, Italy, and Croatia, worth $945 million, as key regulatory pieces have not been put in place within the agreed timeline.

about 1 year ago
Interferry
Rules & Regulation

Interferry: Current shore power funding models are missing the bigger picture

European ferry shipping executives have called for a significant expansion of funding for shore power infrastructure.

about 1 year ago
WSC
Rules & Regulation

WSC: EU needs ‘true’ measure to lower renewable fuels price and spearhead maritime decarbonization

Both renewable-capable vessels and renewable fuels could be available to meet EU 2030 targets but the price gap between fossil and renewable fuels is the major barrier to making decarbonization a reality, new research published by the World Shipping Council (WSC) found.

about 1 year ago
Illustration; Source: Offshore Energies UK (OEUK)
Rules & Regulation

‘Pragmatic’ offshore energy investment policy key to ensure UK’s supply chain stays put

With research showing that nine out of ten companies perceive business playgrounds in other countries as better suited for investment and growth, Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has warned the UK government about the looming uncertainty surrounding

about 1 year ago