Statoil invests in environmental monitoring systems

Norwegian energy giant, Statoil, has joined a group of technology developers in designing an advanced environmental monitoring system for offshore installations. The contract is worth around £16 million, with Statoil providing nearly half of the funding for the project. Statoil says there are currently no monitoring methods that are integrated and enable physical, biological and […]

Era of cheap oil coming to an end

The era of cheap oil is coming to an end, claim Norwegian risk managers at DNV. The firm’s Technology Outlook 2020 report says that in the last 25 years, only one barrel of oil has been discovered for every four barrels used. With global energy demand forecast to rise 19% by 2020, companies will be […]

Bid to set standards for offshore wind farm vessels

The first rules aimed at establishing a set of uniform standards for the growing fleet of vessels that serve offshore wind farms have been published. International classification society Det Norske Veritas has put together the guidelines and the first vessel being built to them is already under construction at South Boats Medina Shipyard on the […]

Call for all ships to be energy rated

The Carbon War Room, an independent organisation of entrepreneurs dedicated to beating climate change, is demanding that all ships carry an energy efficiency rating. The Carbon War Room already carries out its own rating of vessels on its website, a free resource for anyone wanting to know the efficiency of a ship before making […]