Latest News for: Offshore defence


5G maritime technology provider secures investment

The Business Desk 20 Sep 2023
The technology firm is working to deliver cost effective and resilient 5G communications and data transmission technology for the emerging industry sectors of the marine environment including aquaculture, offshore renewables, port/shipping operations, and defence/security.

Quarantine hotel owner sued for misappropriating $16 million

True North 18 Sep 2023
Rai is being sued by his partners for $18 million dollars for breach of contract, damages and conspiracy to defraud ... The remaining money was funneled into several other entities tied to Rai or moved to offshore accounts. No defence has been filed by Rai thus far and those representing the plaintiffs in the case have not made public comment ... ....

Will interim BP chief who called 'wind power the new upstream' get job full-time after ...

Recharge 13 Sep 2023
Finance chief Murray Auchincloss mounted famously robust defence of oil giant's offshore wind strategy ....

FET Subsea Technologies Launches New ROV Tooling Rental Offering

Hellenic Shipping News Worldwide 13 Sep 2023
With increasing ROV asset investment across hydrocarbon and offshore ...

Ukrainian special forces seize back gas and oil rigs near Crimea, say intelligence chiefs

AOL 11 Sep 2023
Ukrainian special forces have regained control from Russia of several gas and oil offshore drilling platforms close to Crimea, defence intelligence chiefs said on Monday. The GUR, Ukraine’s military intelligence, stated that Kyiv’s forces had retaken the drilling platforms known as the “Boiko Towers” in a “unique operation” ... .

INS Sunayna crew carry out charitable activities while in Seychelles |06 September 2023

Nation 06 Sep 2023
During the three-day deployment to Seychelles, INS Sunayna crew also conducted a yoga session, planned visit for locals on board the vessel, and held cross visits with personnel of the Seychelles Defence Forces. INS Sunayna is an indigenously built offshore patrol vessel, commissioned on October 15, 2013 ... Vidya Gappy. Photos. Contributed ....

Britain is a notorious haven for dirty money – MPs now have the chance to crack down

The Observer 04 Sep 2023
The role of the UK and its offshore territories in pandering to wealthy foreigners was thrown into sharp focus by Russia’s invasion of Ukraine in February last year ... UK’s defences against ‘dirty money’ overrun, say MPs ... Register of offshore owners of UK properties full of loopholes, say experts.

A wave of international rule-making threatens Caribbean tax havens

Hindustan Times 31 Aug 2023
Almost every rock in the Caribbean has, at one point or another, sought to build an offshore sector of some flavour ... But the places that most depend on offshore work are the Cayman Islands, the BVI and Bermuda (in fact in the North Atlantic) ... In the BVI offshore financial and corporate services make up one-third of GDP.

How China’s economic slowdown is being felt around the world

The National 28 Aug 2023
The central bank has escalated its defence of the yuan through various measures, including daily currency fixings. The depreciation in the offshore yuan is having a greater effect on its peers in Asia, Latin America and the Central and Eastern Europe bloc, Bloomberg data show, with the correlation of the Chinese currency to some others rising ... ....

Ethical savings: NS&I raises rate on green bond to 5.7%

The Observer 27 Aug 2023
The UK government-backed provider is offering the deal over a three-year term and savers will not be able to access their money in that period. Money invested in the green savings bond helps finance projects chosen by the government, which include offshore windfarms and flood defences, and tree-planting and sustainable farming schemes ... .

Caribbean tax havens are wrestling with new rules

Economist 21 Aug 2023
Like financial centres all across the Caribbean, it is sailing into choppier seas.\nAlmost every rock in the Caribbean has, at one point or another, sought to build an offshore sector of some flavour ... But the places that most depend on offshore work are the Cayman Islands, the BVI and Bermuda (in fact in the North Atlantic).


This Day 15 Aug 2023
Nigeria . ... The opportunity for such practical battlefield experience, however, came over two decades after his commissioning as a member of the very successful *Course Three* of the Nigerian Defence Academy, (NDA). That opportunity presented itself by way of intertwined offshore engagements in the territories of Liberia and Sierra Leone ... .

Floating Solar Has Vast Potential Near the Equator, Away From Storms

The Maritime Executive 07 Aug 2023
Our new research shows offshore solar in Indonesia alone could generate about 35,000 terawatt-hours (TWh) of solar energy a year, which is similar to current global electricity production (30,000TWh per year) ... Several companies are working to develop engineering defences so offshore floating panels can tolerate storms.

Swan Energy gets 45-day extension to pay first instalment for R-Naval

Financial Express 06 Aug 2023
The bankruptcy court hearing the petition last week had provided the consortium an extension. Follow Us ... Also ReadSachetisation of MSME loans ... SKIL Infrastructure, promoted by industrialist Nikhil Gandhi, was the original promoter of Pipavav Defence and Offshore Engineering, which was sold to the Reliance ADA Group in 2015 and then renamed as R-Naval.

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Creative Commons / European Parliament
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AP / Yousef Murad
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Creative Commons / Ministry of Defence training area by Evelyn Simak
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Creative Commons / photo by MICHAEL CHIARA on Unsplash
FILE - Harvesters collect wheat in the village of Zghurivka, Ukraine, on Aug. 9, 2022. Poland's Prime Minister Mateusz Morawiecki says his government will not lift its embargo on Ukraine grain imports on Thursday because it would hurt the interests of Polish farmers. In accordance with the European Union, the embargo was imposed in April, until Sept. 15 to prevent Ukraine produce from glutting Polish market.
AP / Efrem Lukatsky, File