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Regulation & Policy

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Offshore platform at sea
Regulation & Policy

BP taking the wheel of Namibian license trio as farm-in deal clear final regulatory gate

Namibia approves Eco Atlantic's farm-down to BP across three offshore licenses, bringing the partial divestment to the homestretch.

14 hours ago
Map showing FPSO development concept
Regulation & Policy

Southeast Asian oil field development clears key environmental hurdle to move toward FID

Finder Energy is edging closer to a final investment decision (FID) for the development of its offshore oil field in Timor-Leste.

4 days ago
Deepsea Nordkapp rig; Source: Odfjell Drilling
Regulation & Policy

North Sea appraisal ops up the oil & gas discoveries’ projected size

Three Norwegian oil and gas players – Aker BP, Equinor, and DNO – have carried out appraisal drilling activities on two hydrocarbon discoveries in the North Sea off the coast of Norway, raising the estimated size of these finds.

7 days ago
Australian interconnector granted final approval before construction
Regulation & Policy

Australian interconnector granted final approval before construction

The Marinus Link electricity and telecommunications interconnector to be built in Australia has secured the country’s first offshore transmission license, representing the final Commonwealth approval leading into construction. Marinus Link, which will connect North West Tasmania and Victoria’s Latro

7 days ago
Deepsea Yantai; Source: Odfjell Drilling
Regulation & Policy

Go-ahead for DNO’s North Sea drilling ops with Odfjell Drilling-managed rig

Norway’s oil and gas player DNO has secured the thumbs-up from the country’s authorities for drilling activities in the North Sea with a semi-submersible rig managed by Odfjell Drilling, an offshore drilling contractor.

8 days ago
Bahamas studying ocean thermal energy conversion potential
Regulation & Policy

Bahamas studying ocean thermal energy conversion potential

A consortium of Global OTEC, a UK-based pioneer in ocean thermal energy conversion (OTEC) development, and the Oceanic Platform of the Canary Islands (PLOCAN) has been selected to study a site in the Bahamas for OTEC. This has been requested by the Government of the Bahamas to provide an evidence ba

8 days ago
Legal showdown underway as Cotemar moves to freeze almost $60M in American Bureau of Shipping subsidiary’s assets
Regulation & Policy

Legal showdown underway as Cotemar moves to freeze almost $60M in American Bureau of Shipping subsidiary’s assets

The long-running financial standoff between Mexico’s offshore specialist Cotemar and ABSG Consulting, a subsidiary of American Bureau of Shipping (ABS), has intensified, with the former now turning to the New York State Supreme Court to restrict the U.S. government contractor’s access to nearly $60

11 days ago
Photo caption (L to R): Matthew Tremblay, ABS Senior Vice President, Global Offshore Markets; Rostom Merzouki, ABS Vice President, Global Sustainability; John Ki Lim, Hanwha Ocean General Manager and
Regulation & Policy

Hanwha Ocean’s design solution allowing LNG carrier’s switch to ammonia gets ABS’ thumbs-up

The American Bureau of Shipping (ABS), a classification society, has handed out approval in principle (AIP) for a multi-purpose fuel tank and fuel gas supply system design that enables a liquefied natural gas (LNG) carrier (LNGC) to shift from LNG to ammonia fuel without replacing the fuel tank or f

14 days ago
FLNG; Source: Exmar
Regulation & Policy

Exmar’s FLNG conversion earns Bureau Veritas’ seal of approval

An approval in principle (AiP) from Bureau Veritas Marine & Offshore (BV), part of Bureau Veritas Group, is paving the way for Belgian shipping company Exmar to breathe life into its floating liquefied natural gas (FLNG) concept based on the conversion of an existing membrane-type LNG carrier.

14 days ago
Denmark opens EU’s first full-scale CO2 storage site
Regulation & Policy

Denmark opens EU’s first full-scale CO2 storage site

King Frederik X of Denmark has opened the first full-scale CO2 storage site in the EU, led by INEOS Energy, with partners Harbour Energy and the Danish North Sea Fund (Nordsøfonden). Project Greensand was in December 2022 granted an exploration permit for the injection and storage of up to 15,000 to

14 days ago
Representatives from the project partners at the Design Appraisal presentation ceremony; Source: Lloyd's Register
Regulation & Policy

Fore-accommodation LNG carrier with four Wind Challenger sails clears LR design appraisal

A new liquefied natural gas (LNG) carrier design that moves the accommodation block and bridge to the bow to make room for four wind-assisted sails has cleared a key technical milestone, with Lloyd’s Register, a maritime classification society, affirming technical readiness of the HD Hyundai Heavy I

16 days ago
Scarabeo 8; Source: Saipem
Regulation & Policy

Fresh gas discovery augments Aker BP’s North Sea arsenal

Norwegian oil and gas company Aker BP has struck gas in the North Sea, opening up a new opportunity 25 kilometers north of the Duva field. The operator and its partners will now assess whether the discovery could be commercially viable.

16 days ago
Offshore platforms
Regulation & Policy

Valeura advances Gulf of Thailand expansion with PTTEP farm-in approval

Canadian oil and gas company Valeura Energy has received the go-ahead for its acquisition of partial stakes in two offshore blocks in the Gulf of Thailand from Thailand’s national oil and gas player, PTT Exploration and Production Public Company Limited (PTTEP).

17 days ago
Illustration of FPSO with full scale (100 MW) SOFC installation with integrated carbon capture; Source: MODEC
Regulation & Policy

MODEC, Eld Energy chart path to low-carbon FPSO power with ABS milestone

Japan’s MODEC and Eld Energy, a Norwegian fuel cell system company, have cleared a key milestone in the new technology qualification (NTQ) process from the American Bureau of Shipping (ABS), advancing their solid oxide fuel cell (SOFC) power system toward deployment on operating floating production,

17 days ago
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