Thomson Reuters News

(Photo: Flipflopi)

Boat Made of Flip-flops Sails for Cleaner Seas

many 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

© peteri/Adobe Stock

Scientist Pool Data to Create the $3B Ocean Map

without a map?" asked Larry Mayer, director of the U.S.-based Center for Coastal and Ocean Mapping, a research body that trains hydrographers and develops tools for mapping."We depend on having that knowledge of what's around us - and the same is true for the ocean," he told the Thomson Reuters Foundation.With their deep craters and mountain ranges, the contours of the earth beneath the waves are both vast and largely unknown.But a huge mapping effort is underway to change that.The U.N.-backed project, called Seabed 2030, is urging countries and companies to pool data to create a map

© Mykola Mazuryk / Adobe Stock

India Plans Deep Dive for Seabed Minerals

resources sooner or later ... there is no other way," said Gidugu Ananda Ramadass, head of India's deep sea mining project at the National Institute of Ocean Technology (NIOT) in the southern city of Chennai."For the future of mankind ... the ocean is the only hope," he told the Thomson Reuters Foundation.India, Asia's third-largest economy, is going full steam ahead in anticipation of the International Seabed Authority (ISA) - a U.N. body that oversees mining on the high seas - giving the green light for commercial exploitation.Captain Nemo appeared to get one thing wrong, however

© Kelly / Adobe Stock

Mexican Wave Energy Project Moving Forward

;s completely untapped, and it has to change,” said Inna Braverman, co-founder of Tel Aviv-based Eco Wave Power.“At the moment we’re a comparable price to solar, but the advantage on top of solar is the availability of the resource... It keeps working 24/7,” she told the Thomson Reuters Foundation.After scanning the coast for optimal wave conditions, the company decided to set up its first Mexican plant near Manzanillo, the country’s busiest cargo port some 845 kilometers (525 miles) west of Mexico City.Situated close to the shore, hundreds of floating buoys connected

Richard Branson with Usain Bolt (Photo: Caribbean Climate-Smart Accelerator)

Caribbean States Kick Off Green Defense Against Disasters

26 countries would give start-ups easier access to financing for large projects."Just the fact that we've got ... pretty much every single Caribbean nation signed up and a lot of agencies willing to work with them gives a good chance of speeding the process forward," Branson told the Thomson Reuters Foundation by telephone.Partners include the Inter-American Development Bank, private firms and countries from Grenada to Anguilla and Dominica.The effort kicked off by rolling out a handful of projects, including an announcement that Airbnb, the home-sharing website service, was expanding to

Schlumberger Revenue Misses Estimates

posted net income attributable of $430 million, or 31 cents per share, in the second quarter ended June 30, compared with a loss of $74 million, or 5 cents per share, a year earlier.Total revenue rose 11.3 percent to $8.30 billion, but missed analysts' estimate of $8.36 billion, according to Thomson Reuters I/B/E/S.(Reporting by John Benny in Bengaluru; Editing by Sriraj Kalluvila

Prelude FLNG (File photo courtesy Shell)

Shell Feeds Gas to Australia's New Prelude FLNG

Royal Dutch Shell has introduced gas to its 490 meter (1,600 ft) long Prelude floating liquefied natural gas (FLNG) unit as part of the cooling process before start-up, a spokeswoman told Reuters on Wednesday.Gas was fed to the unit from liquefied natural gas (LNG) carrier Gallina, she said. Thomson Reuters Eikon ship tracking data shows that the vessel left Prelude FLNG port on June 7."This will cool down the tanks and process equipment and pipework with gas and is an opportunity to test processes and systems before the subsea wells are opened at start-up," she said.Shell and Inpex Corp

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Caribbean Set to Ride the 'Blue Economy' Wave

improve fisheries, and develop sustainable energy, said Mark Weary, a senior director at NatureVest, which funds deals for The Nature Conservancy."The private sector capital is interested in the debt restructuring work because of the cash-flow it creates for conservation," Weary told the Thomson Reuters Foundation.He said renewable energy projects would be likely to attract investors."It's a true impact," said Weary. "They get their money back with a return and you generate all this cash for the environment."(Reporting by Sophie Hares; editing by Jared Ferrie. Thomson

File Image (CREDIT: AdobeStock / © DonvictoriO)

TGS Boosted by Seismic Market Recovery

first-quarter revenues far above forecasts as markets continue to improve, it said on Tuesday, sending its share price surging.   Net revenues for the January-March quarter rose by 56 percent year-on-year to $135 million, beating the average $106 million forecast by analysts, according to Thomson Reuters estimates.   TGS, whose vessels scan the seabed for potential oil and gas deposits, said more than 85 percent of first-quarter revenues came from sales of previously collected data held in the company's extensive library.   "With all regions performing above our expectations

© Richard Carey / Adobe Stock

Efforts to Curb Plastic Litter in Oceans are Working

, have introduced plastic bag levies since 2003, which have led to massive reductions in their use.   "The action of all these nations ... meant there are less bags being distributed, less bags ... escaping into the marine environment," Thomas Maes, co-author of the study, told the Thomson Reuters Foundation.   "If we think a bit more wisely about plastic, especially the single use items we use in our daily life, we can make big changes," said the marine scientist at Britain's governmental Centre for Environment, Fisheries and Aquaculture Science.   United Nations

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