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Rules & Regulation

WATCH: Eastern Pacific Shipping fits Value Maritime’s CSS system on a managed tanker

Singapore-based ship management company Eastern Pacific Shipping (EPS) has completed the installation of Value Maritime’s (VM) Filtree system onboard its managed vessel M/T Pacific Cobalt in Rotterdam, the Netherlands. The Filtree system, which filters sulphur and 99% of particulate matter, include

about 3 years ago

Deepsea Stavanger rig; Source: Odfjell Drilling

Rules & Regulation

Despite traces of hydrocarbons, Equinor comes up dry in North Sea well

Norwegian state-owned energy giant Equinor has completed the drilling of an appraisal well in the North Sea but failed to find hydrocarbons.

about 3 years ago

TAQA's Cormorant Alpha asset in the UK North Sea; Source: TAQA

Rules & Regulation

Wave of unrest across UK’s offshore energy sector grows with more workers to cast votes on strike action

Workers employed by Wood Group on TAQA platforms and Petrofac on one of Ithaca’s platforms are being balloted for strike action.

about 3 years ago

Rules & Regulation

ICS seeks rapid adoption of carbon levy as industry reaffirms 2050 net-zero ambitions

The International Chamber of Shipping (ICS), which represents over 80% of the world’s merchant fleet, has submitted a revised proposal to the International Maritime Organization (IMO) that reaffirms the industry’s commitment to meet 2050 net-zero carbon goals. The proposal champions a Fund and Rewar

about 3 years ago

Rules & Regulation

Safe Bulkers keeping eye on the prize with ambitious fleet renewal, eco-upgrades

Monaco-based dry bulk shipping company Safe Bulkers is set to welcome eight eco-newbuilds in the upcoming two years pushing its fleet with improved energy efficiency to 23 ships. The company’s fleet currently consists of 44 vessels, with 12 of them being eco-ships built after 2014, and three of them

about 3 years ago

Rules & Regulation

Thumbs-up for Equinor to spud North Sea wildcat

Equinor has secured a drilling permit from the country’s authorities for an exploration well in the North Sea off Norway.

about 3 years ago

Rules & Regulation

Saipem boosts financial structure and liquidity with new credit facilities

Saipem has entered into two new credit facilities totalling around €860 million with a pool of leading national and international banks.

about 3 years ago

Rules & Regulation

IWSA: Momentum continues to grow for wind-installed vessels

The number of wind-installed vessels is set to double in the next twelve months, according to estimates from the International Windship Association (IWSA). At the moment, the wind-assisted cargo capacity is standing at 1.4 million dwt with 22 large ships installed, 2 wind-ready ships, and a further

about 3 years ago

Rules & Regulation

European Commission sets out rules on renewable hydrogen

The European Commission has proposed detailed rules to define what constitutes renewable hydrogen in the European Union (EU), with the adoption of two delegated acts required under the Renewable Energy Directive. The acts are part of a EU regulatory framework for hydrogen which includes energy infra

about 3 years ago

Rules & Regulation

Wave of disputes over pay to encompass 40 offshore installations, as workers vote on downing tools

More than 700 offshore members at Bilfinger UK Limited are set to be balloted on strike action in a dispute over pay, says Unite the union.

about 3 years ago

Rules & Regulation

Offshore drillers embarking on strike action at BP’s two platforms in UK waters

UK’s Unite the union has confirmed that nearly 100 Odfjell offshore drillers have backed strike action in a dispute over rotas and pay.

about 3 years ago

Depsea Yantai rig; Source: Odfjell Drilling

Rules & Regulation

Green light for Norwegian oil & gas player to spin the drill bit at North Sea prospect

Wellesley Petroleum has received consent from Norway’s regulator for exploration drilling in the Norwegian Sea.

about 3 years ago

Rules & Regulation

Shell says derivative action attempt against its board over climate risk has ‘no merit’

With legal action over climate risk looming on the horizon, Shell denies allegations made against its board, vowing to oppose the derivate claim application.

about 3 years ago

Rules & Regulation

Skuld pens Poseidon Principles for Marine Insurance

Marine insurance provider Skuld has signed the Poseidon Principles for Marine Insurance, a global framework for assessing and disclosing the climate alignment of insurers’ hull and machinery portfolios. The framework is aimed at enabling the insurance sector to implement transparency and establish a

about 3 years ago