U.S. oil majors Exxon Mobil Corp and Chevron Corp were among the top buyers at a federal auction of oil leases in the U.S. Gulf of Mexico on Wednesday that generated more than $190 million - the highest since 2019.The auction was a boon for federal coffers, but a potential setback for the climate policies of U.S.
The Biden administration's auction of oil drilling rights in the U.S. Gulf of Mexico generated more than $190 million in high bids, bringing in more money for taxpayers than any government offshore lease sale since early 2019.The Department of Interior auction came days after the U.S.
Shipping group A.P. Moller-Maersk said on Tuesday record-high freight rates boosted quarterly earnings despite lower container volumes due to congestion at ports.The coronavirus pandemic has prompted a shortage of container ships and logjams at ports at a time of high consumer spending, pushing the cost of transporting freight to record levels.
The U.S. Navy's new aircraft carrier USS Gerald R. Ford (CVN 78) on Monday underwent its third explosive event off the coast of Jacksonville, Fla., rounding out the ship’s Full Ship Shock Trials (FSST) and validating its shock hardness and ability to sustain operations in a simulated combat environment using live ordnance.
Elon Musk, a billionaire behind the SpaceX company, on Friday tweeted a video of a new Space X vessel named A Shortfall of Gravitas.SpaceX, or Space Exploration Technologies Corp, was founded by Musk back in 2002 to cut space transportation costs and eventually enable the colonization of Mars. It designs, manufactures and launches advanced rockets and spacecraft.
Fincantieri signed a contract with Daewoo Shipbuilding & Marine Engineering (DSME) to support the Conceptual Design of the new class of aircraft carriers “CVX” for the Navy of the Republic of Korea (South Korea).The program relating to the first-in-class unit envisages the tender for the Basic Design starting from the second half of 2021
Japanese coast guard ships and aircraft were searching on Friday for three missing crew of a cargo ship that capsized and sank after a collision with a Marshall Islands-registered tanker in the Seto Inland Sea, authorities said.The Byakko sank at about 2:40 a.m. after colliding with the chemical tanker Ulsan Pioneer just before midnight in the Kurushima Strait
India's army and navy deployed ships and aircraft as they searched for 26 people still missing more than three days after a powerful cyclone sank a barge off the country's west coast, killing 49 people on board.Cyclone Tauktae, the most powerful storm to barrel into the west coast in two decades, has killed at least 46 others after wreaking havoc in the states of Gujarat, Maharashtra, Goa
Naval vessels and aircraft scoured the waters off India's west coast late on Wednesday after the most powerful cyclone in more than two decades battered the region, sinking an oilfield accommodation barge and killing 26 aboard, authorities said.Cyclone Tauktae unleashed waves of up to 25 feet (7.
Fourteen people have died as a barge sank off India's west coast after a powerful cyclone barrelled into the country, authorities said on Wednesday, while Indian navy ships and aircraft scoured waters to locate scores of other missing personnel."We can confirm that 14 bodies have been recovered from the rescue operation of barge P305" that sank off the coast of Mumbai, Mehul Karnik
Indian navy ships and aircraft scoured waters off the financial capital Mumbai on Wednesday for 77 workers missing from a barge that sank after a powerful cyclone barrelled into the country's west coast this week.Driving waves of up to 25 feet on the high seas, cyclone Tauktae rammed into the western states of Maharashtra and Gujarat over the past two days
The Indian Navy mounted a massive air and sea rescue mission on Tuesday for 81 missing oil workers and crew whose barge sank in heavy seas following a powerful cyclone that tore up the west coast of the country.Around 180 of those on board the barge were rescued from the water as it sank off Mumbai.