Search results for: GTT

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  • Interview: Moroccan start-up set to transform power supply of ports with wave energy

    13 December 2023
    Business & Finance, Business Developments & Projects, Equipment, Innovation, Market Outlooks, Outlook & Strategy, Regulation & Policy, Research & Development, Technology, Transition, Vision

    Born from the vision of two engineers, the Moroccan start-up Advanced Third Age Renewable Energies Company (ATAREC) has set its sights on exploiting the vast wave energy potential that exists around port breakwaters and other infrastructures exposed to sea, with its full-scale demonstrator already deployed and operating at the Port of Tanger-Med – one of the largest ports in Africa and the Mediterranean Sea.

  • Shell collects $7.7 billion in profit against backdrop of lower energy prices

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

    Shell has made strides in the pursuit of its strategy, which aims to bring more energy to the fore with a reduced emissions footprint.

  • MEPC 81: Lion’s share of countries throw support behind global GHG price for shipping

    22 March 2024
    Regulation & Policy, Rules & Regulation

    As this week’s meeting of the International Maritime Organization’s Marine Environment Protection Committee (MEPC 81) winds down, a clear majority of developed and developing countries have supported a global greenhouse gas (GHG) price for shipping.

  • With $28 billion in the bag, Shell’s 2023 profit attests to oil & gas price slump and LNG trading upturn

    1 February 2024
    Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Transition

    Shell’s annual profit in 2023 took a tumble, dropping by 30% on a year-over-year basis, compared to its highest-ever annual profit, which came to almost $40 billion in 2022.

  • Noble CEO: Floaters to keep on reaping the benefits of offshore drilling market’s ‘multi-year uptrend’

    7 May 2024
    Business & Finance, Business Developments & Projects, Project & Tenders

    Noble Corporation is feeling buoyant over the future opportunities for its rig fleet, especially the floater segment.

  • Offshore drilling highlights: Top paid rigs in 2H 2023

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

    Three rigs stand out as the highest-paid ones during the second half of 2023. Unsurprisingly, all three spots were taken by drillships.

  • GasLog’s entire LNG carrier fleet to sport smart shipping solution

    1 September 2023
    Business Developments & Projects, Equipment, Green Marine, Infrastructure, Technology, Vessels

    GasLog, owner and operator of LNG carriers, has decided to equip its entire fleet with a smart shipping solution from GTT Group brand, Ascenz Marorka. Under the contract with GasLog, Ascenz Marorka will equip the shipowner’s entire fleet of more than 35 LNG carriers with its Smart Shipping solution. The solution is a set of […]

  • Japan’s coastal RoRo trials biofuel and waste cooking oil blend

    1 November 2023
    Business Developments & Projects, Green Marine, Outlook & Strategy, Transition, Vessels

    MOL Coastal Shipping, a group company of Japanese shipping major Mitsui O.S.K. Lines, revealed that its 499 GT coastal RoRo vessel, the Tetsuun Maru No.1, trialed the use of biofuel. The biofuel used on the vessel is made by mixing waste cooking oil derived from vegetable oils and fats in Japan without chemical treatment with […]

  • COP28: Reconciling great expectations with reality in a highly polarized world

    6 December 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Environment, Exploration & Production, Market Outlooks, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition

    A deep dive into COP28 and the clash between those calling for a phase-out of fossil fuels and the ones lobbying to keep oil, gas, and coal firmly entrenched in the energy mix.

  • Can shipping go beyond the COP28 razmataz and deliver on net zero targets?

    11 December 2023
    Authorities & Government, Business Developments & Projects, Environment, Green Marine, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition, Vision

    Following a day of active discussions at the Shaping the Future of Shipping: Delivering a Net Zero World summit yesterday, 60 maritime organisations and government partners agreed on a course to deliver the IMO’s net-zero strategy at Shaping the Future of Shipping, an event hosted by the International Chamber of Shipping and the government of […]

  • Hafnia aims to connect its entire fleet to Starlink by the end of 2023

    31 October 2023
    Business & Finance, Business Developments & Projects, Collaboration, Green Marine, Innovation, IT & Software, Outlook & Strategy, Transition, Vessels

    Singapore-based tanker owner and operator Hafnia aims to complete the rollout of the Starlink Satellite System, a satellite internet constellation developed by Elon Musk’s SpaceX, across its entire fleet by the end of 2023. After completing successful pilots between 2022 and 2023, Starlink is now up and running on 35 Hafnia vessels, with a full rollout across […]

  • Trinidad gets ‘full green light’ for joint gas project with Venezuela

    18 October 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Collaboration, Outlook & Strategy, Project & Tenders, Regulation & Policy

    The United States has issued an amendment to the license granted to the government of Trinidad and Tobago allowing the joint development of an offshore gas project with Venezuela. Trinidad and Tobago’s Minister of Energy and Energy Industries Stuart R. Young reported that the Office of Foreign Assets of the U.S. Department of the Treasury […]

  • Decision time for oil & gas industry: Embrace green energy shift or keep fueling climate crisis

    24 November 2023
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Exploration & Production, Market Outlooks, Project & Tenders, Transition

    The International Energy Agency (IEA): The time has come for the oil and gas industry to take a firm stand during the transition era.

  • Subsea interconnectors as protagonists of offshore renewable grid story

    29 December 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Transition

    Subsea interconnectors open new opportunities for sharing the access and use of renewable energy between countries while upping the decarbonization ante and strengthening the security of electricity supply.

  • Will COP28 live up to the hype and establish an energy transition roadmap leaving no one behind?

    13 November 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Outlook & Strategy, Project & Tenders, Regulation & Policy, Transition

    The UAE plans to spearhead efforts at COP28 for a clear roadmap to step up net zero progress through “a pragmatic global energy transition.”

  • New oil & gas license awards seen as boon to energy security and business confidence across UK’s offshore energy arena

    8 May 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Infrastructure, Regulation & Policy

    Offshore Energies UK (OEUK) is convinced that the 31 new oil and gas licenses will boost energy security across offshore energy sectors.

  • Odfjell Drilling cheers completion of ‘complex’ rig move off Namibia

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

    Odfjell Drilling has boosted operational efficiency by employing a new method to complete a rig move off Namibia.

  • Interview with Bureau Veritas: US LNG permitting freeze could unleash upsurge in renewables and hydrogen

    19 February 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Environment, Exploration & Production, Market Outlooks, Outlook & Strategy, Project & Tenders, Regulation & Policy, Transition

    two representatives from Bureau Veritas have provided their take on the current energy trends, highlighting that renewables and hydrogen are positioned to reap the benefits from the recent U.S. liquefied natural gas (LNG) permitting pause.

  • Shipbuilder: Cutting down construction risks for offshore vessels with digitalization

    15 December 2023
    Business & Finance, Business Developments & Projects, Innovation, IT & Software, Technology, Vessels

    Shipbuilder’s director believes companies can avoid a big chunk of risks involved in vessel construction with digitalization.

  • API: Derailing US gas exports and LNG infrastructure build-out could undermine global energy security

    26 January 2024
    Business & Finance, Business Developments & Projects, Exploration & Production, Regulation & Policy, Transition

    API has joined dozens of other industry groups in urging the Biden administration to reject calls to halt permits for U.S. LNG export facilities.

  • Activists go toe to toe with Big Oil in court to challenge Trump-era Gulf of Mexico drilling allowance

    26 April 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Regulation & Policy, Rules & Regulation, Transition

    Earthjustice, a nonprofit environmental law organization, is preparing once again to fight tooth and nail to overthrow a Trump-era allowance in court.

  • US research program backs eleven marine energy projects

    15 May 2024
    Business & Finance, Business Developments & Projects, Collaboration, Outlook & Strategy, Project & Tenders, Research & Development, Vision

    Ship cabin image on the sea representing twelfth Request For Technical Support (RFTS), the U.S. Testing Expertise and Access to Marine Energy Research (TEAMER) program.

  • BP’s profit plunges to $2.7 billion amid oil & gas price headwinds

    7 May 2024
    Business & Finance, Business Developments & Projects, Exploration & Production, Market Outlooks

    BP has recorded a fall in profit on a quarterly and year-over-year (y-o-y) basis driven by the downturn in energy prices.

  • Partnership with Maersk will help Hapag double down on its sustainability targets, Jansen says

    18 January 2024
    Business Developments & Projects, Collaboration, Green Marine, Outlook & Strategy, Ports & Logistics, Transition, Vessels, Vision

    This is a free premium article to give you a sample of what Offshore Energy has to offer as part of our premium section. Yesterday, container shipping heavyweights Hapag-Lloyd and Maersk made waves in the liner shipping industry after revealing a groundbreaking operational cooperation deal, leading to Hapag’s withdrawal from THE Alliance. The move marks […]

  • With contract backlog of $4.7 billion, Noble looks forward to ‘sustained long-term upcycle’

    1 November 2023
    Business & Finance, Business Developments & Projects, Project & Tenders

    Noble Corporation has reported strong operational and financial performance during the third quarter of 2023.