Search results for: GTT

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  • Strife over US LNG permit freeze: Win for environmentalists and loss for Big Oil but is there more to it?

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

    The Biden administration’s imposed pause on pending approvals of liquefied natural gas (LNG) exports is seen as a controversial move, which has brought the strife between Big Oil and climate campaigners to the fore.

  • Diamond Offshore spots signs of ‘strong and lasting upcycle’ as its rigs land new jobs in UK

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

    Diamond Offshore Drilling is optimistic about the future after winning more assignments for its rig fleet in the UK during the third quarter of 2023.

  • ABB to help Carnival optimize fleet performance, boost energy efficiency

    2 November 2023
    Business Developments & Projects, Collaboration, Green Marine, Operations & Maintenance, Outlook & Strategy, Vessels

    Switzerland-based technology company ABB and the US cruise company Carnival Corporation have signed a long-term partnership agreement that will cover service for vessels powered by the Azipod XO electric propulsion system.

  • Poland’s largest towage company welcomes last next-gen ASD tug from Damen

    30 October 2023
    Vessels

    Dutch shipbuilder Damen Shipyards has delivered the last out of three new ASD Tugs to Poland’s largets towage company WUZ Port and Maritime Services.

  • IEA: Redoubling international cooperation ‘vital’ to usher clean energy era faster and end fossil fuel reign

    1 November 2023
    Business & Finance, Business Developments & Projects, Collaboration, Exploration & Production, Market Outlooks, Outlook & Strategy, Project & Tenders, Transition

    The International Energy Agency’s new report outlines that the energy world is expected to change its stripes by 2030.

  • Parker: Shipping financing will not be the same

    19 October 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Collaboration, Green Marine, Infrastructure, Innovation, Market Outlooks, Outlook & Strategy, Ports & Logistics, Regulation & Policy, Rules & Regulation, Transition, Vessels

    Green corridors are likely to transform the realm of shipping finance as the focus shifts from emissions from ships to the entire supply chain, according to Michael Parker, Chairman of the Poseidon Principles. Parker spoke on a panel on Wednesday as part of the launch of Progress Toward Shipping’s 2030 Breakthrough report from UMAS, Getting […]

  • Cavotec, COSCO sign maintenance deal for more than 60 vessels

    26 October 2023
    Equipment

    Swiss company Cavotec has signed a service partner agreement with COSCO Group to provide preventive maintenance for more than 60 ocean-going vessels equipped with Cavotec shore power systems.

  • Study: EU must triple or quadruple installed shore power by 2030

    2 November 2023
    Authorities & Government, Green Marine, Infrastructure, Market Outlooks, Outlook & Strategy, Ports & Logistics, Regulation & Policy, Rules & Regulation, Transition

    The European Union needs to triple or quadruple its installed shore power by 2030 to meet the current ambitions of the FuelEU Maritime regulation and the Alternative Fuels Infrastructure Regulation (AFIR), a new study estimates.

  • With Red Sea ensnared in security woes, ten nations come together to untangle it, after BP pumps the brakes on oil & gas trade

    19 December 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Market Outlooks, Project & Tenders, Regulation & Policy, Safety, Vessels

    While Yemen’s Huthis intensify their attacks on vessels in the Red Sea, multiple nations bond together to tackle these security concerns.

  • BP’s profit cut in half but $13.8 billion still cinched in 2023

    6 February 2024
    Business & Finance, Business Developments & Projects, Exploration & Production, Transition

    Despite a 50% fall in profit on a year-over-year basis, BP still reported a solid overall operational and financial performance during 2023.

  • UN adopts resolution demanding immediate halt to Houthi attacks in the Red Sea

    11 January 2024
    Authorities & Government, Business Developments & Projects, Green Marine, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Safety

    Following what has been described as the ‘largest Houthi drone attack’ in the Red Sea on January 9, the U.N. Security Council adopted a resolution demanding that the Houthis immediately cease all attacks on merchant and commercial vessels. At least 21 missiles and drones were launched toward international shipping lanes on Tuesday, which were predominantly […]

  • Energy outlook: Is gas and LNG growth freeze on the cards in 2024?

    1 January 2024
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Exploration & Production, Market Outlooks, Outlook & Strategy, Transition

    Wood Mackenzie has come up with ten predictions for the energy industry in 2024, which hint at a downturn in gas, LNG.

  • Wärtsilä claims 41% additional methane slip cut from new engine

    1 November 2023
    Business Developments & Projects, Environment, Green Marine, Infrastructure, Innovation, Research & Development, Technology

    Finnish technology group Wärtsilä has introduced a new ultra-low emissions version of its 31DF engine that can reduce methane emissions by 41 percent more than the standard 31DF engine.

  • Nine Valaris rigs snap up multi-million drilling gigs with oil & gas giants, pushing total backlog to $3.2 billion

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

    Valaris has secured a plethora of new contracts and extensions for four floaters and five jack-ups in its rig fleet with TotalEnergies, Petrobras, ExxonMobil, Eni, BP, TAQA, and Perenco.

  • Live from Offshore Energy Exhibition & Conference 2023

    29 November 2023
    Business Developments & Projects, Green Marine, Infrastructure, Outlook & Strategy, Regulation & Policy

    Welcome to the Live Blog! #OEEC2023 in a nutshell. Enjoy the highlights of the event in this video: Thanks to all participants, partners, sponsors and media partners for making this event such a great success! See you next year on 26 & 27 November 2024! Drinks at Navingo stand Offshore Energy Exhibition & Conference is almost […]

  • NSEC countries ‘unlikely’ to meet 2030 offshore wind target without immediate action on port development, study says

    20 November 2023
    Business & Finance, Business Developments & Projects, Ports & Logistics

    A new report from the North Seas Energy Cooperation (NSEC) calls for “immediate action” on developing new port infrastructure and upgrading existing port facilities as the study behind the report found the joint offshore wind target of the nine NSEC countries for 2030 is unlikely to be met otherwise. In this article: The North Seas […]

  • Navigating the new normal: Vessel rerouting spurs higher emissions as ships avoid the Red Sea

    22 December 2023
    Authorities & Government, Business Developments & Projects, Green Marine, Market Outlooks, Outlook & Strategy, Ports & Logistics, Regulation & Policy, Rules & Regulation, Vessels

    In recent weeks, the Red Sea has become the epicenter of heightened tensions as Yemen’s Houthi group escalated their attacks on commercial vessels, sending shockwaves throughout the maritime industry. Germany’s Hapag-Lloyd and Hong Kong’s OOCL joined on Thursday numerous shipping companies, including Maersk, MSC as well as oil major BP, in announcing that they would […]

  • Electrifying Debut: HaiSea Wamis completes its 1st tanker escort with full electric power

    27 October 2023
    Business Developments & Projects, Green Marine, Outlook & Strategy, Ports & Logistics, Transition, Vessels

    The fully electric harbor tugboat, the HaiSea Wamis, has accomplished its inaugural task, completing its first-ever oil tanker escort using all electric power, and heralding a new era of eco-friendly ship escorts. The HaiSea Wamis, a pioneering vessel in HaiSea Marine’s fleet, played a pivotal role in escorting the Argent Iris, a 30,000+ tonne oil […]

  • Equinor gets clearance to dispatch Odfjell rig for drilling ops in North Sea

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

    Equinor has received consent from Norway’s regulator for exploration drilling in the North Sea, using one of Odfjell Drilling’s rigs.

  • Damen gets class and flag state approval for methanol-fueled workboats

    12 October 2023
    Authorities & Government, Business Developments & Projects, Certification & Classification, Collaboration, Green Marine, Innovation, Outlook & Strategy, Regulation & Policy, Research & Development, Transition, Vessels

    Dutch shipbuilder Damen has won approval in principle for designs of methanol-powered compact vessels from the classification society Bureau Veritas and Dutch and Belgian flag authorities. The company said that it now offers designs for a wide range of methanol-powered workboats. The designs are a result of close cooperation with Bureau Veritas and later with the […]

  • Alliance of CEO Climate Leaders urge world govts to scale up investment in renewable energy ahead of COP28

    24 October 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Collaboration, Green Marine, Market Outlooks, Outlook & Strategy, Regulation & Policy, Transition

    More than a hundred CEOs and senior executives from the Alliance of CEO Climate Leaders, led by Vincent Clerc, Chief executive Officer of A.P. Moller Maersk, have shared an open letter to world leaders ahead of COP28. The quest to cap global temperature rise at 1.5°C faces jeopardy without intensified public-private collaboration for emissions reduction […]

  • 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.

  • 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.

  • Oil & gas alongside green and low-carbon energy: Will such a compass lead the world astray or steer it in the right direction?

    4 January 2024
    Business & Finance, Business Developments & Projects, Exploration & Production, Transition

    Should the world aim for a balancing act to satisfy both energy security and green future aspirations or pick just one?

  • 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.