Sea Drone Warfare has Arrived, and the US is Floundering
Battle Problem (IBP) 24.1, March 08, 2024. IBP 24.1 is a U.S. Pacific Fleet experiment, executed by U.S. 3rd Fleet, operationalizing multi-domain employment of unmanned systems to create fleet warfighting advantages. (Photo: Ian Delossantos / U.S. Navy)(Reuters - Reporting by Joe Brock in Singapore and Mike Stone; Editing by Daniel Flynn
US, Australia to Unveil Submarine Pact to Counter China
the Indo-Pacific, Southeast Asia and the Indian Ocean."It is difficult to overstate the step that as a nation we are about to take," said Marles. "We have never operated a military capability at this level before."(Reuters - Reporting by David Brunnstrom, Phil Stewart, Idrees Ali, Mike Stone, Jonathan Landay, Joel Schectman, Steve Holland and Kirsty Needham; Editing by Don Durfee, Lincoln Feast and Deepa Babington
General Dynamics Awarded $9.47 Bln Submarine Construction Contract
as the amount of labor needed for construction."In 2019, GAO has said the program has an expected cost of $267 billion over its life cycle including procurement.A boost to the Pentagon's budget this year was in part due to the need to increase funding to buy the submarines. (Reporting by Mike Stone; Editing by Matthew Lewis and Grant McCool
Trump Administration Grants License for Taiwan Submarine Project
to Taiwan has been consistent across seven different U.S. administrations,” the official said. “This policy has contributed to the security of Taiwan and also supported the maintenance of peace and stability across the Taiwan Strait.”Reporting by David Brunnstrom, Phil Stewart and Mike Stone; Writing by Dustin Vol
Williams Names New Chair, Stands by CEO after Board Upheaval
; In response to Corvex's and Soroban's filing a Williams representative said in a statement: "The Board and management look forward to speaking with stockholders in the coming weeks to hear their views and outline the Company's strategic plan for the future." (Reporting by Mike Stone, Michael Flaherty, Michael Erman and Anet Josline Pinto; Editing by Kirti Pandey and Matthew Lewis)
Technip Explores Sale; Talks with FMC Technologies
1.47 billion euro preliminary takeover approach. Halliburton Co, the world's No. 2 oilfield services provider, is currently in the midst of securing regulatory approvals for its acquisition of smaller rival Baker Hughes Inc in a stock-and-cash $34.6 billion deal. (Reporting by Mike Stone; Additional reporting by Freya Berry, Benjamin Mallet and Matthieu Protard; Editing by Sandra Maler and Lisa Shumaker)
Private Equity Firms Double down on Venari's Offshore Drilling
and develops deepwater well sites with operating partners such as Chevron Corporation, ConocoPhillips and Anadarko Petroleum Corporation . The company is drilling three new exploration wells; two alongside partner Chevron and the third with Murphy Oil Corp , Reinsborough said. (Reporting by Mike Stone in New York; Editing by Jonathan Oatis
February 2025
