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Rules & Regulation

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carbon
Rules & Regulation

47 governments, shipping industry propose text for IMO carbon tax

The International Chamber of Shipping (ICS) has joined 47 governments in a joint submission to the final round of negotiations at the United Nations’ International Maritime Organization (IMO) to adopt a maritime greenhouse gas (GHG) emissions pricing mechanism for international shipping.

about 1 year ago
Buzzard oil & gas field in the UK North Sea; Source: CNOOC Petroleum Europe
Rules & Regulation

UK hits Chinese oil & gas giant’s European arm with £125K fine in flaring and venting clampdown

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North Sea Transition Authority (NSTA) has imposed a penalty of £125,000 on a European affiliate of China’s state-owned oil and gas giant for breaching its venting consent on two separate occasions at a field located 60 miles northeast of Aberdeen.

about 1 year ago
Illustration; Source: Brava Energia
Rules & Regulation

Energy outlook: Uncertainty and ‘resilient’ oil & gas to run the energy show in 2025

The world at large still runs on coal, oil, and gas, with the lion’s share of the energy mix controlled by these fuels.

14 minutes read
Offshore Energy’s top five hydrogen stories of 2024
Rules & Regulation

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

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
Rules & Regulation

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
EU approves €3 billion German-Dutch RFNBO scheme, hydrogen in focus
Rules & Regulation

EU approves €3 billion German-Dutch RFNBO scheme, hydrogen in focus

The European Commission has approved, under EU State aid rules, a €3 billion German-Dutch scheme to support the production of renewable fuels of non-biological origin (RFNBOs), including renewable hydrogen, throughout the world.

about 1 year ago
HD KSOE
Rules & Regulation

Analysis: LNG dual-fuel ships are ‘the lowest’ cost option for ensuring compliance with regulations

LNG dual-fueled vessels provide ‘the lowest’ compliance cost for meeting EU and IMO decarbonization regulations, an analysis by industry coalition SEA-LNG found.

about 1 year ago
OEEC: CCS will employ as many people as oil & gas at its peak
Rules & Regulation

OEEC: CCS will employ as many people as oil & gas at its peak

Carbon capture and storage (CCS) is seen as a bridge to help the world wean off carbon fuels. With that in mind, this developing technology is not going to be temporary and is definitely going to happen on a large scale. To reach that as quickly as possible, we need regulations, licensing, a supply

11 minutes read
UK's growing underwater industry hits £9.2B, gov't urged to react to reach potential
Rules & Regulation

UK’s growing underwater industry hits £9.2B, gov’t urged to react to reach potential

The UK’s underwater industry has grown from £8 billion to £9.2 billion in the last 12 months, now supporting over 51,000 jobs. Thereby, the Global Underwater Hub (GUH) has called on the UK Government to recognize the scale and potential of the industry and to deliver an industrial strategy to boost

about 1 year ago
ECSA
Rules & Regulation

EU targets 52 more vessels from Russia’s shadow fleet

The European Council has adopted the 15th sanctions package against Russia, focusing on a further crackdown on Russia’s ‘shadow’ fleet and combating sanctions’ circumvention.

about 1 year ago
As Switzerland adopts national hydrogen strategy, Axpo and partners launch new production plant
Rules & Regulation

As Switzerland adopts national hydrogen strategy, Axpo and partners launch new production plant

Switzerland’s Federal Council adopted the national hydrogen strategy the same day that Axpo and its partners broke ground on the site of a new hydrogen production plant to be constructed by H2Uri.

about 1 year ago
Finland
Rules & Regulation

Finland bans cargo ships from releasing wastewater into the Baltic Sea

The Parliament of Finland has approved a bill that prohibits the discharge of wastewater from cargo vessels into the Baltic Sea within the country’s territorial waters.

about 1 year ago
UK’s first ever carbon storage becoming a reality, first injection expected in 2027
Rules & Regulation

UK’s first ever carbon storage becoming a reality, first injection expected in 2027

The North Sea Transition Authority (NSTA) has awarded the Northern Endurance Partnership (NEP), comprising BP, Equinor and TotalEnergies, with the first-ever carbon storage permit in the UK. The project, located around 75 kilometers east of Flamborough Head, off Teesside on England’s east coast, is

about 1 year ago