India's Ports on Alert for 'Underwater' Attacks
commandos have entered Indian waters to carry out underwater attacks on port facilities.The Mundra Port, run by Adani Ports and Special Economic Zone Ltd, and the state-owned Kandla Port had asked their employees and ship operators to be vigilant, port officials and the ports said in advisories seen by Reuters.Tensions between India and Pakistan have escalated since India revoked the special status of its portion of the Himalayan region of Kashmir on Aug. 5 and moved to quell objections by shutting down communications and clamping down on local leaders.Pakistan reacted with fury to India's decision
Scientists Find Micro Plastic in Arctic Ice
at the University of Rhode Island, who conducted an initial onboard analysis of the cores."When we look at it up close and we see that it’s all very, very visibly contaminated when you look at it with the right tools -- it felt a little bit like a punch in the gut,” Strock told Reuters by telephone on Wednesday.Strock and his colleagues found the material trapped in ice taken from Lancaster Sound, an isolated stretch of water in the Canadian Arctic, which they had assumed might be relatively sheltered from drifting plastic pollution.The team drew 18 ice cores of up to 2 meters
PGS Calls off Debt Refinancing, Shares Fall
and reopening of capital markets," Omsted added.PGS said it was not currently contemplating a share issue."We will of course evaluate all possible structures, but at the moment we don't consider conducting a share issue as part of a future refinancing," PGS spokesman Stenberg told Reuters.The company said it intended to refinance the debt facilities this year, and reduce its net debt as it expected to generate positive cash flows helped by an expected market recovery.PGS has previously said it targeted a debt level of below $500-600 million, while its interest bearing net debt stood
Floating Wind: Norway Seeks to Expand
having with interested parties was at a discussion level at this stage, without any applications submitted.Utsira North could hold a power producing capacity between 0.5-1.5 GW, while North Sea II, a bigger block, could hold turbines with a total capacity of 1-2 GW, the ministry's statement showed.(Reuters
Subsea 7 Raises Revenue Outlook
2018," Chief Executive Jean Cahuzac said in a statement, adding that demand for equipment such as subsea umbilicals, risers and flowlines (SURF) was increasing."We continue to experience a gradual volume-led recovery in integrated and stand-alone SURF projects," Cahuzac said.Analysts in a Reuters poll had expected Subsea 7's revenue to decline by 6 percent this year to $3.83 billion.Earnings before interest, tax, depreciation and amortization (EBITDA) excluding one-offs rose to $111 million from $103 million a year earlier, but missed the $129 million expected by analysts polled by Reuters
Aker Solutions Raises 2019 Forecasts
, with its underlying core profit margin also rising year on year.It had previously expected only a slight revenue gain and flat margins.Order intake for the first three months of the year amounted to 5.5 billion Norwegian crowns ($635.51 million), above an average forecast of 4.9 billion crowns in a Reuters poll of analysts.Earnings before interest, tax, depreciation and amortization (EBITDA) excluding one-offs rose to 636 million crowns from 384 million crowns a year earlier, beating a forecast of 615 million crowns.Shares in Aker Solutions rose 2.8 percent by 0942 GMT.The company is currently bidding
Subsea 7 Profit Beats Forecast
profits on Thursday and announced a special dividend payment as well as an extension of its share buybacks.The Oslo-listed offshore services provider's adjusted earnings before interest, tax, depreciation and amortization fell 7.4 percent year-on-year to $163 million, while analysts in a Reuters poll on average predicted a $146 million profit."A new two-year $200 million share repurchase program has been announced, enabled by our strong financial and liquidity position and improving market outlook," Subsea 7 said in a statement.Pending owners' approval, the company will also
Seized: 3,300 Rare Pig-Nosed Turtles
said. Apart from being sold as live pets, conservationists say the pig-nosed turtle is often hunted for meat consumption and for use in traditional medicines in some Asian countries.Malaysia is considered a major transit point for the illegal trafficking of endangered species to other parts of Asia.(Reuters reporting by Rozanna Latiff; editing by Darren Schuettler
Regulator: Expand Pipeline, Protect Killer Whales
, which the government bought last year from Kinder Morgan Canada to ensure it gets built.The move came after Canada's Federal Court of Appeal overturned the Liberal government's 2016 approval to expand the pipeline, which runs from Alberta's oil heartland to the British Columbia coast. (Reuters reporting by Rod Nickel in Winnipeg, Manitoba; editing by Jonathan Oatis
Boat Made of Flip-flops Sails for Cleaner Seas
people have started local businesses, like hotels along the shores, and contributed to a huge mess - as you can see, the place is littered with plastic bottles," he added.The Flipflopi, built from 10 tonnes of plastic waste, was first launched late last year.Co-founder Ben Morison told the Thomson Reuters Foundation he began working on the project in 2016 "to transmit the message about the impact that plastic is having on marine ecosystems, how this affects us, and most important of all, what we can do about it".Global challengeResearchers estimate the world has produced more than 8.3 billion
