A pilot project is underway in Maryland to introduce modern Type II safety helmets for construction workers, offering improved head protection. This initiative aims to enhance safety on construction sites, despite the higher cost of the new helmets compared to traditional ones.
Singapore's Keppel has established a private fund to transfer 10 outdated drilling rigs, into which Apollo Global Management is investing $1.5 billion. The deal reflects growing demand for modern offshore drilling platforms and could bring Keppel up to $988 million.
The Singaporean company SeaLead has faced significant restrictions after the United States imposed sanctions on its vessels for allegedly supporting Iranian interests. As a result, the carrier's fleet has been reduced by more than three times.
Australian company Triangle Energy and its partner Pilot Energy have come under external administration due to financial difficulties and risks associated with the decommissioning of the Cliff Head oil platform. Regulators are monitoring the situation to ensure the safety of the facilities and to seek solutions for funding the cleanup.
Europe's first fully electric cargo airline, ClearSky Airlines, has secured funding and is preparing to launch operations with a fleet of five aircraft in the third quarter of 2027. The company plans to establish a regional express delivery network and expand into new markets after its initial launch.
BP is considering the possibility of withdrawing from the Yamagata Yuza offshore wind farm project in Japan, amid a reduction in its involvement in renewable energy and challenges with partners. A final decision has not yet been made, and the project's implementation is slowing down due to a review of the terms and the anticipation of additional government support.
Capricorn Energy has announced an extension of the deadline for a potential deal to sell the company to Saudi investor Al-Masiyyah. A decision on the purchase must be made by July 29, but there are currently no guarantees that the deal will go through.
Capricorn Energy has announced an extension of the deadline for a potential deal to sell the company to Saudi investor Al-Masiyyah. A decision on the purchase must be made by July 29, but there are currently no guarantees that the deal will go through.
French company Lhyfe has postponed the launch of its pilot offshore hydrogen production project in Belgium due to permitting challenges and is now seeking a new site, considering ports in Germany.
Hungary's new Prime Minister, Péter Magyar, is in talks to secure around €10 billion from the EU recovery funds. The agreement is expected to be signed soon.
A group of students from the University of Hamburg has developed a compact detector for searching for axions—candidates for dark matter—and has set new limits on their properties. This project demonstrates that even small research teams can make significant contributions to solving complex problems in physics.
The White House has authorized the use of the Defense Production Act to accelerate the development of infrastructure for the transportation, processing, and export of natural gas and LNG in the United States. These measures are aimed at eliminating bottlenecks and enhancing the country's energy security.
Bank of America expects that the Central Bank of Turkey will keep the effective funding rate at 40% during the meeting on April 22. Economists do not anticipate any changes, but the possibility of a rate hike remains relevant amid ongoing inflation risks.
Chinese AI startup DeepSeek has launched its first round of external funding, aiming to raise at least $300 million with a company valuation of no less than $10 billion. The company is seeking investments to strengthen its position in developing its own artificial intelligence models.
Ontario Teachers’ Pension Fund’s net assets reached 279.4 billion Canadian dollars, increasing over the year thanks to a 6.7% return. Despite this growth, the return was below the benchmark, but the fund has maintained its fully funded status for the thirteenth consecutive year.
Aedis
