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Rules & Regulation

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Illustration; Source: International Energy Agency (IEA)
Rules & Regulation

With over 140 carbon capture, utilisation, and storage hubs in development, 2022 pushes CCUS to new heights

IEA: More than 140 new CCUS projects were announced, ramping up planned storage capacity by 80 per cent, and capture capacity by 30 per cent.

about 3 years ago
MiQ establishes world’s first comprehensive GHG certification programme for LNG
Rules & Regulation

MiQ establishes world’s first comprehensive GHG certification programme for LNG

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MiQ, a global non-profit methane emissions certification provider, has launched the world’s first certification programme that enables a complete assessment of all greenhouse gas (GHG) emissions from the liquified natural gas (LNG) supply chain. MiQ said its new framework tracks 100% of methane, car

about 3 years ago
West Hercules rig; Source: SFL Corporation
Rules & Regulation

Westwood: UK’s windfall tax puts oil & gas investments at risk, with domino effect on North Sea rig demand

Westwood says that the UK’s tax changes could amplify the exodus of rigs from the North Sea, which is already in full swing.

about 3 years ago
Transocean Spitsbergen; Photo: Jamie Baikie, SIGNAL2NOISE/Equinor
Rules & Regulation

No hydrocarbons for Equinor in North Sea well

Norway’s energy giant Equinor has completed the drilling of a wildcat well in the North Sea off Norway but failed to find hydrocarbons.

about 3 years ago
Cygnus; Source: Neptune Energy
Rules & Regulation

More North Sea gas thanks to UK’s broader entry specification limit

The UK government has made a decision to widen the country’s gas entry specification limit, enabling more North Sea gas to enter the country’s National Transmission System (NTS).

about 3 years ago
Floatel Endurance; Source: Floatel International
Rules & Regulation

Equinor all set to deploy Floatel’s unit at North Sea field

Norwegian offshore safety regulator has given Equinor consent to use one of Floatel’s semi-submersible accommodation and construction support vessels at a North Sea field off Norway.

about 3 years ago
Illustration; Source: Shell
Rules & Regulation

Shell unveils two energy scenarios with the world caught in security and climate woes’ grasp

Shell has revealed two energy security scenarios, exploring how the world could evolve and looking into the possible energy and climate outcomes that could come to pass in a world that has security in all its shapes and forms as a prevailing concern.

about 3 years ago
Investigation looking into whether oil and gas firm failed to meet North Sea license obligations
Rules & Regulation

Investigation looking into whether oil & gas firm failed to meet North Sea license obligations

UK regulator North Sea Transition Authority (NSTA) has launched an investigation into whether an oil and gas company possibly failed to meet license obligations, including seismic survey and work program commitments, designed to stimulate activity. The investigation will look into whether the compan

about 3 years ago
Valhall PWP-Fenris; Source: Aker BP
Rules & Regulation

While one gets dropped, nine oil & gas projects still going ahead

Aker BP has decided to move ahead with nine out of ten oil and gas projects for which PDOs were previously handed over.

about 3 years ago
Russia
Rules & Regulation

S&P Global: Russia’s ghost fleet estimated at 434 vessels

Since the introduction of G7 oil price cap for Russia’s crude oil and refined products there have been speculations on Russia’s so-called shadow fleet being used to evade sanctions. Russia has repeatedly stated that it will not work with the price cap, but the vast majority of seaborne Russian oil s

about 3 years ago
CSC: Stronger 2030/2040 targets needed to boost climate action on shipping
Rules & Regulation

CSC: Stronger 2030/2040 targets needed to boost climate action on shipping

Governments must use the upcoming meeting of the Intersessional Working Group on Greenhouse Gases (ISWG-GHG-14) to support stronger science-based climate targets for 2030 and 2040 that are vital for shipping’s energy transition, according to Clean Shipping Coalition (CSC).

about 3 years ago
EU’s Net-Zero Industry Act: A chance to scale up net-zero tech or missed opportunity to match US IRA?
Rules & Regulation

EU’s Net-Zero Industry Act: A chance to scale up net-zero tech or missed opportunity to match US IRA?

As part of the Green Deal Industrial Plan, the European Commission (EC) has proposed new initiatives and a set of actions to scale up the manufacturing of clean technologies in the European Union (EU), including renewable hydrogen, carbon capture, and alternative fuel technologies, among others. On

about 3 years ago
Illustration; Source: Offshore Energies UK (OEUK)
Rules & Regulation

What is being said about UK’s £20 bln funding for carbon capture and storage projects?

As part of the UK’s 2023 Spring Budget, £20 billion (nearly $24.2 billion) funding has been unveiled to scale up carbon capture and storage (CCS) projects. The energy industry sees this funding as a way to speed up decarbonisation across the UK and step up the shift towards renewables.

about 3 years ago
Scrubber
Rules & Regulation

BIMCO: Scrubber installation set to rise despite 2022 fall

Exhaust gas cleaning systems, also known as scrubbers, were installed on 399 ships in 2022, marking a fall of 24% y/y, data from BIMCO shows. The systems are being installed on ships to comply with the IMO 2020 Sulphur Cap as a way of cleaning out sulphur emissions while continuing to burn less expe

about 3 years ago