Technical Committee 114, in charge of developing international standards for marine energy at the International Electrotechnical Commission (IEC), has modified and updated its strategy for the marine energy sector to better reflect its maturity level.
Claxton, Acteon’s drilling and decommissioning segment, has inked a deal with Oceaneering to acquire its decom personnel and assets.
The United Arab Emirates (UAE) is making progress with national ship recycling regulations that are expected to be unveiled during 2022.
As the dust is settling in the aftermath of COP26, new developments in the offshore energy sector are laying the grounds for the net-zero future.
Reports on efforts to decarbonise the oil & gas and the shipping sector continue to hit the headlines as the energy transition gathers speed.
Petrofac has reached a plea agreement with the UK Serious Fraud Office in relation to its investigation into its historical use of agents.
Costly environmental regulations recently introduced by the UN maritime body International Maritime Organization (IMO) are among the main factors for increased ship demolitions this year.
BIMCO, the world’s largest shipowners’ association, is looking at a number of initiatives to approach how shipping can reduce its plastics footprint in light of delays in international action and discussion.
The discussion on carbon pricing in the maritime industry is heating up, as industry stakeholders urge for a market-based measure to finally incentivize the sector’s decarbonization journey. In a nutshell, carbon pricing would impose a cost on emitting greenhouse gases (GHGs), pushing the sector to
Global transport activity will more than double by 2050, and traffic emissions will rise by 16% compared to 2015 – even if existing commitments to decarbonise transport are fully implemented, the International Transport Forum (ITF) predicts. According to ITF Transport Outlook 2021, any currently exp
Lingering fears, worries, and doubts about the ongoing crew change situation continue to dominate the sentiments among seafarers, according to the Seafarers Happiness Index latest report. The issue of how seafarers will be vaccinated also came to the fore and is likely to be a long-running concern u
The world’s seafarers yesterday decided to shut down negotiations over the future of seafarers’ minimum wages with national shipowners represented by the International Chamber of Shipping. The seafarers’ unions said they would prefer to tackle the shipping companies ‘head-on’ to set wages unilateral
The United States has initiated a process to seize alleged Iranian oil aboard a Liberian-flagged, Greek-owned tanker.
A former executive at Petrofac has pleaded guilty to bribery offences related to contract awards to Petrofac in UAE worth about $3.3 billion.
