Search results for: GTT

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  • More action needed before Israel grants multiple exploration blocks to SOCAR, NewMed, and BP

    30 October 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Project & Tenders, Regulation & Policy

    Israel’s Ministry of Energy has set its cap on approving the award of six licenses in a fourth competitive process for natural gas exploration in the State of Israel’s Exclusive Economic Zone (EEZ) to Azerbaijan’s SOCAR, NewMed Energy – former Delek Drilling – and Britain’s BP.

  • In focus: Energy and maritime plays shaping greener future to wean the world off fossil fuels

    17 November 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Environment, Exploration & Production, Infrastructure, Innovation, Outlook & Strategy, Project & Tenders, Regulation & Policy, Research & Development, Rules & Regulation, Technology, Transition, Vessels

    This week saw Europe entrench its position as the decarbonization trailblazer, with the Netherlands, Germany, Norway, Denmark, and Belgium spearheading the new wave of projects.

  • Significant offshore wind growth brings Fugro strong start of the year

    26 April 2024
    Business & Finance, Business Developments & Projects, Outlook & Strategy, Project & Tenders, Vessels

    In what is described as a “strong start of the year”, Dutch geo-data specialist company Fugro reported a 9% revenue growth for Q1 2024 compared to the same period last year, said to be due to ongoing significant growth in offshore wind projects. Revenue in the first quarter was €503.2 million, a 9% increase compared […]

  • Ahead of European elections, seaports unveil top 9 priorities

    2 May 2024
    Infrastructure, Ports & Logistics

    In view of the upcoming EU elections in June, the European Sea Ports Organisation (ESPO) — which represents over 98% of the seaports of the European Union — has set its priorities for the next five years with a strong focus on energy transition.

  • EU ETS and FuelEU Maritime to close price gap between green and fossil fuels, report finds

    21 March 2024
    Market Outlooks, Outlook & Strategy, Transition

    Sustainable shipping fuels could reach cost parity with fossil fuels as early as 2035 with the help of decisive emissions policy such as carbon taxes and emissions limits, according to a new report launched by Finnish technology group Wärtsilä.

  • UMAS: Early movers are vital in setting up a zero-emissions shipping market

    27 December 2023
    Outlook & Strategy, Transition

    There will be a range of costs expected from switching to zero-emission containerships in deep-sea and coastal routes, a recent report from UMAS finds.

  • Floating solar market will be as big as onshore solar sector, says Oceans of Energy CEO

    15 January 2024
    Business & Finance, Business Developments & Projects, Collaboration, Environment, Infrastructure, Innovation, Market Outlooks, Operations & Maintenance, Outlook & Strategy, Project & Tenders, Regulation & Policy, Research & Development, Technology, Transition, Vision

    The industry needs to start shifting its focus from wind farms to energy farms as we have limited space which we need to make use of in an efficient way. A synergy of offshore wind and floating solar is the way to go. “If you only fill 20% of wind farm space with floating solar, […]

  • New low-carbon lab launched in Singapore to help usher in cleaner future

    29 April 2024
    Business & Finance, Business Developments & Projects, Collaboration, Outlook & Strategy, Research & Development, Transition

    A new corporate lab has been established in Singapore to create solutions leading to lower carbon emissions and a more sustainable future.

  • Fresh oil, gas, and drilling plays shape global energy ecosystem

    12 February 2024
    Business & Finance, Business Developments & Projects, Collaboration, Environment, Exploration & Production, Outlook & Strategy, Project & Tenders, Regulation & Policy, Transition

    This is an overview of some of the moves made over the week, so come away with us on a journey of the fossil energy market’s latest developments.

  • Wallenius Wilhelmsen confirms order for up to 12 methanol dual-fuel PCTCs

    24 October 2023
    Vessels

    Norwegian shipping and logistic company Wallenius Wilhelmsen has signed a contract with China Merchants Jinling Shipyard Co. for the construction of four methanol dual-fuel pure car and truck carriers (PCTCs) and up to eight optional units.

  • US oil & gas firm expanding its Gulf of Mexico footprint with $1.29 billion acquisition

    16 January 2024
    Business & Finance, Business Developments & Projects, Exploration & Production

    Houston-based Talos Energy has set the wheels into motion to get its hands on QuarterNorth Energy, a privately-held U.S. Gulf of Mexico firm.

  • Strengthening of Qatar-China energy ties entrenches gas as ‘central component’ in journey to sustainable future

    6 November 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Transition

    A recent deal between Qatar’s QatarEnergy and China’s Sinopec bolsters hopes that gas and LNG will power the energy transition engine.

  • Valaris ‘laser-focused’ on ensuring its rig fleet will be fully booked in 2024

    2 May 2024
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Valaris is determined to find more employment for its rigs during 2024 to get all the current gaps in fleet assignments filled out, so that, there are no remaining available days.

  • LNG-powered Spirit of Tasmania IV launched

    30 October 2023
    Vessels

    Finnish shipbuilder Rauma Marine Constructions (RMC) has held a launching ceremony for Spirit of Tasmania IV, a liquefied natural gas (LNG)-powered car and passenger (RoPax) ferry built for Tasmanian TT-Line Company.

  • Acteon: Breathing new life into floating wind farms using digital response twin

    13 December 2023
    Business Developments & Projects, Innovation, Technology

    By using new technologies such as digital response twin, one of the tools developed and used successfully in the oil and gas sector, we can extend the life of floating wind farms, Tim Eyles, Vice President of UK-based company Acteon revealed.

  • Saipem scores $1.9 billion contract wins offshore Guyana and Brazil

    29 November 2023
    Business & Finance, Business Developments & Projects, Project & Tenders, Vessels

    Saipem has tucked under its belt two new offshore contracts worth approximately $1.9 billion for work with ExxonMobil and Equinor.

  • Interview: With new oil & gas horizons calling, will the North Sea hold sway over its existing rig fleet?

    16 February 2024
    Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Market Outlooks, Outlook & Strategy, Project & Tenders, Transition

    This interview sheds more light on whether there will be a greater rig exodus from the North Sea market and a mass pivot toward other destinations.

  • Oman LNG extends partnership with international firms, including Shell, beyond 2024

    24 October 2023
    Business & Finance, Business Developments & Projects, Outlook & Strategy

    Oman LNG has signed shareholder agreements with several international companies, including Shell, as part of its strategic roadmap to extend the existing agreements and continue business beyond 2024. At the ceremony held on October 23, the state-owned company signed Oman LNG and Qalhat LNG shareholding agreements under which Oman LNG’s shareholding structure will continue strategic […]

  • Mitsui E&S constructs hydrogen gas supply facility for hydrogen-related products

    23 October 2023
    Business Developments & Projects, Equipment, Infrastructure, Outlook & Strategy, Technology

    Japanese multidiscipline engineering company Mitsui E&S has completed the construction of a hydrogen gas supply facility at the Tamano factory, aiming for the early launch of its hydrogen-related business. The company said it had constructed a facility capable of supplying a large volume of hydrogen gas at 1,000Nm3/h at the Tamano factory, which is the […]

  • Clarksons forecasts 40 million CGT output for 2024-2025 after record year for car carriers

    15 January 2024
    Business Developments & Projects, Green Marine, Outlook & Strategy, Transition, Vessels

    As the maritime industry charts a course for robust growth, Clarksons Shipbroking foresees a substantial increase in global shipbuilding activities, primarily driven by the growth in South Korean output. Clarksons’ estimations project a noteworthy 40 million compensated gross tonnage (CGT) output for the consecutive years of 2024 and 2025. The global shipyard output experienced a […]

  • Round up: Major multi-billion oil & gas projects greenlighted in 2023

    2 January 2024
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    While multiple new oil and gas projects were sanctioned throughout 2023, the top eight ones are listed in this article.

  • Five EU countries strengthen carbon capture and storage bonds with new declaration, paving the way for Europe’s CCUS market

    28 November 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Environment, Outlook & Strategy, Project & Tenders, Regulation & Policy, Rules & Regulation, Transition

    Five countries have taken steps to build closer cooperation within the European Union on carbon capture and storage by signing a declaration.

  • US puts safeguards in place to protect taxpayers from footing oil & gas decom bill

    19 April 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Regulation & Policy, Rules & Regulation

    BOEM has taken steps to shield taxpayers from being forced to pick up the oil and gas decommissioning tab.

  • Five contractors in the run for pipeline contract for North Sea gas project

    19 October 2023
    Business & Finance, Business Developments & Projects, Outlook & Strategy, Project & Tenders

    Hartshead Resources NL and its joint venture partner RockRose have launched an invitation to tender for pipeline EPCI services for the Anning and Somerville fields located in the Southern North Sea, following completion of the pipeline route survey covering the offtake routes for gas production from the developments. Gardline carried out the survey using the […]

  • Woodside contributes to Australia’s gas strategy consultation to tackle offshore regulatory gridlock

    17 January 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Market Outlooks, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition

    The Australian government’s consultation paper aims to come to grips with a brewing cauldron of uncertainty surrounding the offshore regulatory approvals system.