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Wheels in motion to tie-back field carrying name of god from Norse mythology to Norwegian Sea FPSO

Rules & Regulation

Field bearing name of god from Norse mythology to be tied back to existing FPSO

Equinor has submitted a plan for the development and operation (PDO) of a Norwegian Sea field to Norway’s Ministry of Petroleum and Energy.

about 3 years ago

West Elara jack-up rig; Source: Seadrill

Rules & Regulation

Seadrill tasked with addressing nonconformities on jack-up rig

Norwegian offshore safety regulator has carried out an audit of maintenance management on one of Seadrill’s jack-up rigs.

about 3 years ago

Rules & Regulation

North Sea field secures life extension

Sval Energi has received consent from Norway’s regulator to use the facilities on a North Sea field off Norway beyond their original lifespan.

about 3 years ago

Rules & Regulation

Will the UK’s huge new oil & gas project overcome the hurdles in its path?

Rosebank, located West of Shetland, is now facing additional obstacles that may hinder its progress and delay the sanctioning yet again.

about 3 years ago

Rules & Regulation

Price cap on Russian crude oil comes into force while OPEC+ sticks to output cuts

A price cap for seaborne Russian crude oil is being imposed by the G7 and Australia while OPEC+ has decided to keep the status quo.

about 3 years ago

Rules & Regulation

How will UK’s energy windfall tax hike impact oil & gas players?

Moody’s has highlighted that the rise in the energy windfall tax will crimp the North Sea producers’ free cash flow generation.

about 3 years ago

Rules & Regulation

Frontline: 65pct of our fleet will be scrubber fitted

Norwegian tanker shipping heavyweight Frontline is poised to have exhaust gas cleaning systems installed on over half of its fleet of over 70 ships. The company’s owned fleet included 37 scrubber-fitted vessels at the end of the third quarter of 2022, including 15 VLCCs, 19 Suezmax tankers and three

about 3 years ago

Rules & Regulation

Tentative deal on including shipping’s GHG emissions in EU ETS covers methane and N20

A preliminary agreement has been reached between the EU’s top three institutions to include greenhouse gas emissions from the maritime sector in the EU Emissions Trading System (ETS). The tentative deal was struck on Tuesday evening, and it leads to several milestones such as the inclusion of methan

about 3 years ago

Rules & Regulation

Equinor preparing to spud North Sea well

Equinor has received consent from Norway’s offshore safety regulator for exploration drilling in the North Sea off Norway.

about 3 years ago

Rules & Regulation

£20 bln decom spend in the offing for UK’s oil & gas wells over next decade

Offshore Energies UK has predicted that about £20 bln will be spent on decommissioning North Sea oil & gas installations in the next decade.

about 3 years ago

Rules & Regulation

UNCTAD: GHG emissions from the world’s maritime fleet heading in wrong direction

Greenhouse gas emissions from the world’s maritime fleet increased by 4.7%, between 2020 and 2021, with most of the increase coming from container ships, dry bulk carriers and general cargo vessels, the latest Maritime Transport report from UNCTAD warns. Another worrying trend is the fact that the f

about 3 years ago

Rules & Regulation

BAR Tech WindWings by Yara Marine start taking shape with 6 units slated for installation in 2023

UK-based marine engineering consultancy BAR Technologies and Norwegian technology company Yara Marine Technologies have launched the production of BAR’s solid wing sails. The two companies said that the ‘first cut’ of the steelwork that will form the first production run of WindWings has been comple

about 3 years ago

Rules & Regulation

ABB to equip 10 COSCO Shipping’s boxships with shaft generators

Swiss-based technology developer ABB has secured a breakthrough contract with the shipyard COSCO Shipping Heavy Industry (Yangzhou) to equip ten China COSCO Shipping Corporation Limited’s container vessels with its permanent magnet shaft generator systems. Due for delivery by the end of 2025, the or

about 3 years ago

Oil & gas player under scrutiny for potential license breach

Rules & Regulation

Oil & gas firm under scrutiny over potential North Sea license breach

Amid ongoing flaring and venting crackdown, the UK’s regulator has launched a probe to look into an undisclosed oil and gas company.

about 3 years ago