Defence Minister Rajnath Singh takes a sea sortie in submarine INS Khanderi

Defence Minister Rajnath Singh on Friday took a sea sortie in a submarine. “Had a wonderful and thrilling experience during my sea sortie of ‘INS Khanderi’ today”, he tweeted. “Spent hours under the sea and witnessed the combat capabilities and offensive strength of … Read more

North Sea operators warn of reduced investment and output

Oil and gas operators reacted with dismay on Thursday after the UK government surprised them with a multiyear raid on their profits with some warning that they would review their commitment to the North Sea. Executives had expected Rishi Sunak to hit them with a one-off windfall tax, to help finance measures to ease the … Read more

Chinese and Russian nuclear bombers fly over Sea of Japan as Biden visits Tokyo

Chinese and Russian strategic bombers flew over the Sea of Japan as Joe Biden attended a Quad summit in Tokyo, in a joint exercise the Japanese government denounced as “unacceptable”. The nuclear-capable bombers conducted a joint flight on Tuesday that began over the Sea of Japan as the US president was meeting his counterparts from … Read more

Cargoes of Russia’s flagship crude oil at sea climb to record high By Reuters

© Reuters. FILE PHOTO: The Russian vessel Tantal, an oil/chemical tanker, is seen at sea outside the far eastern city of Vladivostok, Russia October 9, 2017. Picture taken October 9, 2017. REUTERS/Stringer/File Photo HOUSTON (Reuters) – Some 62 million barrels of Russia’s flagship Urals , a record amount, are sitting in vessels at sea, data … Read more

Climate Change: Greenhouse gas, sea level rise set new records in 2021

Greenhouse gas concentrations, sea level rise, ocean heat and ocean acidification — the four key climate change indicators — set new records in 2021 with extreme weather — the day-to-day ‘face’ of climate change — led to hundreds of billions of dollars in economic losses, the WMO State of the Global Climate … Read more

Video of Carolina Beach House Collapsing into Sea Continues to Go Viral

A video of a beach house being swallowed by the sea on North Carolina’s Outer Banks continues to go viral, drawing new attention to the impact that rising seas and storms are having on vulnerable properties and their insurance costs. The home in Rodanthe, North Carolina, on Cape Hatteras, is the third property in that … Read more

Sea Game Revenue Tops Estimates, Offsetting E-Commerce Slowdown

(Bloomberg) — Sea Ltd.’s core gaming revenue grew faster than expected in the first quarter, offsetting a slowdown across the rest of the Southeast Asian internet giant’s business as online activity retreats from pandemic-era heights. Most Read from Bloomberg Sea’s gaming arm, its most profitable division, posted sales of $1.14 billion, versus projections for less … Read more

UK North Sea Sees Chance for Political Reprieve in Energy Crisis

Breadcrumb Trail Links PMN Business Author of the article: Bloomberg News Laura Hurst Publishing date: May 14, 2022  •  16 minutes ago  •  5 minute read  •  Join the conversation Article content (Bloomberg) — Six months ago, UK North Sea oil and gas faced the bleakest outlook in its 50-year history. The government was focused on … Read more

Australia says Chinese spy ship did not breach law of the sea By Reuters

© Reuters. FILE PHOTO: The Peoples Liberation Army-Navy’s (PLA-N) Intelligence Collection Vessel Haiwangxing is pictured operating near the coast of Australia in this handout image released May 13, 2022. Australian Department of Defence/Handout via REUTERS/File Phot SYDNEY (Reuters) -A Chinese intelligence ship tracked off Australia’s west coast within 50 nautical miles of a sensitive defence … Read more