TMC Seabed Mining Application Meets US Federal Requirements
, to conclude by the end of first-quarter 2027.The National Oceanic and Atmospheric Administration determined that the application submitted by its U.S. unit meets all requirements under the Deep Seabed Hard Mineral Resources Act, TMC said.The decision comes as President Donald Trump's administrationencourages U.S. exploration of the deep sea by accelerating permits for companies seeking critical minerals in international waters, a move expected to face environmental and legal challenges.Interest in mining the world's seabeds has grown
UK Sent Military to Counter Russian Submarine Activity Near Cables
said the submarines had not entered Britain's territorial waters, but had been in the wider band of sea around the country, known as its "Exclusive Economic Zone," and the waters of British allies.Britain's naval capacity has been under scrutiny in recent weeks after U.S. President Donald Trump criticised the British response to the Iran war, describing Britain's aircraft carriers as "toys."Healey referenced that criticism in his statement, saying it had not been in Britain's national interest to deploy all its military assets in that region."The greatest threats
US Panel Could Scrap Endangered Species Protections for Gulf of America
The Trump administration is weighing a broad exemption from protections for endangered species for oil and gas drillers operating in the Gulf of America.The move is aligned with President Donald Trump's goals to unwind what he says are burdensome regulations for businesses and to increase domestic production of fossil fuels.Interior Secretary Doug Burgum called a meeting of the Endangered Species Committee for March 31 to consider an exemption from the Nixon-era law for Gulf oil and gas activities, according to a notice published on Monday in the Federal Register.The committee, nicknamed the
Fugro Swings to Loss as Renewables Slowdown Hits
1.85 billion euros, 427 million euros less than in 2024, of which 380 million euros was attributable to the slowdown of the renewables market.Fugro, which provides geotechnical, survey, subsea and geosciences services, took a hit partly as offshore wind clients suffered a downturn after U.S. President Donald Trump slammed the brakes on U.S. support for renewable energy."In the US under the current administration no new projects are expected," the company said in a press release.Fugro's revenue mix continued to tilt toward oil and gas, which rose to 45% of revenue, up from 37% in 2024 while
US pushes Fisheries Tech at APEC Amid China Rivalry
, the U.S. senior official to APEC, said the Trump administration had launched a $20 million fund to support adoption of American AI technologies by partner economies in the region, part of a broader effort to strengthen U.S. leadership in emerging technologies.The initiatives come ahead of President Donald Trump’s expected visit to China in April and China’s hosting of APEC’s annual leaders’ summit in Shenzhen in November, events likely to spotlight intensifying U.S.-China competition over technology and economic influence across the Asia-Pacific.China is looking to narrow the
Kongsberg Gruppen Q4 Beats Forecast
($251.57 million) in the October to December quarter from the same period of 2024, beating the 2.07 billion crowns predicted in an LSEG poll of analysts.Kongsberg and its rivals have seen a boost in orders as Europe ramps up its military spending at a time of war in Ukraine and as U.S. President Donald Trump demands that NATO allies take more responsibility for the continent's defences."We are experiencing high demand for our solutions in a world undergoing significant change, and we have established a robust foundation for the continued development," Kongsberg CEO Geir Haoy said in
Ukraine Says Underwater Drones Hit Submarine, Russia Denies Damage
period of U.S.-brokered peace negotiations that have sparked fears among Ukrainians that they will be bullied to accept settlement terms with Russia that they see as tantamount to capitulation.Ukraine has been trying to show it can inflict significant damage on Russia, especially after U.S. President Donald Trump said that Zelenskiy did not "have the cards" in the negotiations.Ukrainian navy spokesperson Dmytro Pletenchuk said the operation to hit a submarine - which he described as the hardest target to hit - marked "another turning point" in Ukraine's naval battle with Russia
Fugro's Profit Beats Estimates Amid Offshore Wind Concerns
earlier.Heine reiterated that Fugro would "significantly" reduce its investments next year, but added that it was too early to provide an outlook for 2026.The developments at Fugro highlight challenges facing the offshore wind industry, which has come under pressure from U.S. President Donald Trump leaning on federal agencies to rein in policies incentivising wind power development.The warning from Fugro also comes as major oil companies tighten spending in response to falling crude prices. On Thursday European oil majors Shell SHEL.L and TotalEnergies TTEF.PA both posted third-quarter profits
Uncertainty Reduces New Oil and Gas Investment
growth is no longer realistic," Fugro said, adding it saw the most significant impact in the oil and gas market, along with further softening of sentiment in offshore wind.Meanwhile, a U.S. judge ruled that Orsted can restart work on the nearly finished Revolution Wind project after President Donald Trump's administration halted the project last month. The halt had been costing developers more than $2 million per day.The effects of market uncertainty have been examined in a newly published study by researchers from the University of Oxford. They demonstrate a significant negative relationship
February 2026
