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Rules & Regulation

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Large-scale North Sea CO2 storage gallops ahead as Danish project reaches FID
Rules & Regulation

EU’s first full-scale CO2 storage facility gallops ahead as Danish project reaches FID

The consortium partners behind Project Greensand have taken the final investment decision (FID) for what is the first full-scale carbon storage facility in the EU, investing $150 million in commercial agreements across the entire value chain, from CO2 emitters to logistics, storage, and shipping. On

about 1 year ago
Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs and President and CEO of QatarEnergy; Source: QatarEnergy
Rules & Regulation
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US-Qatar oil & gas ties are ‘win-win’ but EU’s green agenda bound to cause exodus, QatarEnergy’s CEO warns

QatarEnergy’s CEO has pinpointed the potential detriments the EU’s new sustainability rules may bring, including energy security woes for the top global liquefied natural gas (LNG) import market, given the high penalties gas and LNG importing club members.

about 1 year ago
DNV spotlights strategies for cutting FuelEU Maritime compliance costs
Rules & Regulation

DNV spotlights strategies for cutting FuelEU Maritime compliance costs

While compliance with upcoming regulations will be expensive, applying certain strategies and measures can significantly reduce the cost, according to a new white paper from classification society DNV.

about 1 year ago
Danish HØST PtX Esbjerg project gains ground
Rules & Regulation

Danish HØST PtX Esbjerg project gains ground

The Danish Environmental Agency has granted the HØST PtX Esbjerg project the primary environmental approvals – EIA approval of the project and environmental approval of the facility, marking a milestone in the project’s development.

about 1 year ago
BIMCO
Rules & Regulation

BIMCO rolls out new carbon clause ahead of FuelEU

In light of the fast-approaching January 1, 2025, which will signal the start of the FuelEU Maritime regulation, BIMCO, the world’s biggest shipping association, has added to its portfolio a new carbon clause designed to be incorporated into time-charter parties. As informed, the clause—called the F

about 1 year ago
Osaka Gas
Rules & Regulation

Potential of e-fuels in shipping decarbonization under the spotlight in EMSA’s new report

While e-fuels are seen as viable solutions to support decarbonization, they can not be expected to play a major role in the global shipping sector by 2030 due to limited expansion, the European Maritime Safety Agency (EMSA) found in its latest report exploring alternative fuels and decarbonization t

about 1 year ago
Normec Verifavia
Rules & Regulation

Normec Verifavia MD sheds light on regulatory compliance challenges as shipping readies for pivotal shift in 2025

From 2025, the shipping industry will usher in a new era of more stringent regulations with environmental pieces woven into it. Adhering to these regulations is expected to drive a shift towards achieving net zero emissions by 2050.

about 1 year ago
FPSO Petrojarl Knarr is expected to work at Equinor's Rosebank field; Source: Altera Infrastructure
Rules & Regulation

Development moves forward but pending court verdict could spell the end for UK’s giant oil & gas projects

As the climate crisis intensifies, so do legal challenges for hydrocarbon projects, especially in the United Kingdom (UK), where two North Sea operators and climate activists are locked in a court battle with the potential to put the fossil fuel industry out of commission.

about 1 year ago
Europe likely to miss its 2030 renewable hydrogen targets, ACER says
Rules & Regulation

Europe likely to miss its 2030 renewable hydrogen targets, ACER says

Hydrogen projects face risks from uncertainties of future hydrogen demand and high costs, and the EU is likely to miss the 2030 strategic goal of 20 Mt renewable hydrogen consumption, according to a hydrogen monitoring report from the European Union Agency for the Cooperation of Energy Regulators (A

about 1 year ago
An aerial photo of the exhibition floor at Offshore Energy Exhibition & Conference 2023
Rules & Regulation

One week to go: 400+ exhibitors from offshore energy industry to gather in Amsterdam

The following is a press release from Navingo BV, the owner of Offshore-Energy.biz and organizer of the annual Offshore Energy Exhibition & Conference (OEEC). More than 400 exhibitors and co-exhibitors booked their spots at OEEC 2024 Businesses and organizations from across the offshore energy secto

about 1 year ago
António Guterres, UN Secretary-General, delivers remarks at the opening of the World Leaders Climate Action Summit at COP29 in Baku, Azerbaijan; Credit: UNFCCC/Kiara Worth
Rules & Regulation

COP29’s trillion-dollar net zero battle: Needs, wants, and reality of global energy scene run by oil & gas

Many proponents of taking a stronger stance on global climate action are hoping for a pivotal shift in the final text of the 29th Conference of the Parties (COP29), which will turn the tide once and for all in favor of renewables by unlocking trillions required to pay the net zero bill while pulling

16 minutes read
Green light from Ofgem for 2 GW subsea electricity superhighway
Rules & Regulation

Green light from Ofgem for 2 GW subsea electricity superhighway

UK energy market regulator Ofgem has greenlit the Eastern Green Link 1 (EGL1) electricity superhighway by awarding a £2 billion funding package for the construction of the project. The 2 GW EGL1 HVDC multi-directional cable is being developed by National Grid Electricity Transmission (NGET) and SP T

about 1 year ago
ECA
Rules & Regulation

Is North Atlantic the next emission control area for shipping?

Nature And Biodiversity Conservation Union (NABU), Germany’s ‘oldest and largest’ environmental association, is urging the International Maritime Organization (IMO) to establish an emission control area in the North Atlantic.

about 1 year ago
Great Britain approves five undersea energy links, two being its first offshore hybrid assets
Rules & Regulation

Great Britain approves five undersea energy links, two being its first offshore hybrid assets

Great Britain’s energy market regulator Ofgem has approved five new undersea energy links, with two creating Great Britain’s first-ever offshore hybrid assets (OHAs), all expected to be operational by the end of 2032. The approved OHA projects include the up to 1.8 GW LionLink, which will connect Du

about 1 year ago