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wildy
15 hours ago
Ocean Power Technologies Inc (NYSE-A:OPTT) reported first-quarter fiscal 2027 revenue of $1.7 million, up 44% from a year earlier, as the company expanded its work with US defense and security customers and moved forward with a strategic review process.
Ocean Power Technologies ran three PowerBuoy systems off Southern California for a U.S. Department of Homeland Security maritime domain awareness program, integrated with Anduril's Lattice platform and including a deployment beyond 1,000 meters depth, calling it the company's largest deployment and recurring revenue contract to date.
Ocean Power Technologies also deployed a PowerBuoy system off New Jersey for Rutgers University and delivered a WAM-V unmanned surface vehicle to Stevens Institute of Technology within five weeks of receiving the order.
The company demonstrated autonomous docking, charging and redeployment of a WAM-V, a capability it is working to integrate with the PowerBuoy platform to support longer autonomous missions. It also acquired subsea developmental technology ****** ets from Columbia Power Technologies, extending its capabilities from the ocean surface to the seabed.
Ocean Power Technologies achieved Cybersecurity Maturity Model Certification Level 2 compliance, positioning it to pursue defense programs requiring protection of controlled unclassified information. After the quarter ended, the company was selected as one of six potential awardees under a $40 million multiple-award contract supporting the Naval Oceanographic Office, creating an opportunity to compete for ocean-floor mapping task orders using unmanned surface vehicles.

#ocean #power #technologies #powerbuoy
Qk9cSIPLzJDPD
20 hours ago
Iran is deliberately targeting U.S. naval drones in the Strait of Hormuz to gather intelligence on American surveillance capabilities and learn how to evade U.S. defenses, drone experts warned Tuesday.
Tehran's strategy is coordinated, they said, and involves exposing critical insights into U.S. Navy theater operations in the world's most vulnerable maritime choke point even when classified data is uncompromised.
The warning came as tensions escalated in the Gulf region Sept. 14 after the U.S. military destroyed two Iranian small boats amid an attempted seizure by the Islamic Revolutionary Guard Corps (IRGC) of an American unmanned surface vessel (USV) patrolling the area, according to reports.
Us Military Attacks Iran In 'Self-defense Strikes' Over Weekend
A cargo ship sails in the Persian Gulf toward the Strait of Hormuz, Wednesday, April 22, 2026.

#Iran #sept
tinywox
3 days ago
Amgen Inc. (NASDAQ:AMGN) shed roughly $12 billion in market value after hours on September 4, 2026. The stock declined by about 5% to $415. The reason, as strange as it sounds, is a drug it does not own. Novartis announced that pelacarsen, an Lp(a)-lowering therapy, missed its Phase 3 cardiovascular-outcomes trial, Lp(a)HORIZON. And since Amgen's late-stage ******* et olpasiran relies on the same biological premise, investors immediately marked down Amgen on the negative read-through.
The result strikes at a premise rather than at a product. Pelacarsenhad lowered Lp(a) by roughly 80% in earlier studies. In Lp(a)HORIZON, Novartis said pelacarsen substantially lowered Lp(a), but it still failed to reduce the composite of cardiovascular death, heart attack, stroke, and urgent revascularization. It still could not reduce the composite of cardiovascular death, heart attack, stroke, and urgent revascularization. And now the entire hypothesis that lowering Lp(a), a genetic cardiovascular risk factor, actually cuts events, is being directly challenged. Olpasiran is built on the same hypothesis, leading to the repricing of odds as soon as pelacarsen's data were out.
Amgen's olpasiran, an siRNA, lowered Lp(a) by more than 95% at certain doses in Phase 2, compared with reductions of roughly 80% for pelacarsen in earlier studies. The bull case is that this deeper reduction could help olpasiran deliver better cardiovascular outcomes.. The bull case is that this 15% will help Amgen to make a deeper cut and deliver results. While biologically possible, the Lp(a)HORIZON trial provided no evidence that a clinical threshold exists above an 80% reduction. The topline Phase 3 announcement did not establish that deeper Lp(a) lowering would have produced a cardiovascular benefit. It is therefore appropriate to say that the miss lowered olpasiran's probability of success rather than pretending it is irrelevant. Eli Lilly's lepodisiran is running the same deep-reduction experiment, so the hypothesis will be tested with or without Amgen.
Amgen is not an Lp(a) pure-play. MariTide in obesity, Repatha in cholesterol, and Tezspire in asthma drive more value for the company, and this diversification creates a cushion for the stock, although the selloff ultimately became much larger than the initial 5% after-hours reaction. Positioning has stayed calm since the beginning of 2026. Insider Monkey data shows 66 hedge funds held AMGN in the second quarter of 2026, up slightly from 65 in the first. Short interest, on the other hand, sits at just 2.4% of float, reflecting minimal bets against the stock in the market.

#horizon #pelacarsen
mfjkwr
6 days ago
It took only a few seconds on a French red carpet for Brooklyn Beckham and Nicola Peltz Beckham to find their marriage under scrutiny again.
A video from the Deauville American Film Festival shows Brooklyn reaching down to rearrange the train of Nicola's white Alberta Ferretti gown before stepping aside. Nicola then turns toward him with an expression some viewers interpreted as irritation, prompting Page Six to describe the moment as an "icy" exchange.
The rest of the Sept. 8 appearance complicates that interpretation considerably. Photographers captured the couple kissing, embracing and posing closely together before Brooklyn stepped away to give Nicola **** e in front of the cameras.
The brief moment nevertheless spread quickly online, with viewers **** igning everything from annoyance to larger marital tension to a facial expression neither Brooklyn nor Nicola has publicly explained.
Nicola's floor-length Alberta Ferretti gown featured a sweeping train that required some management on the carpet. In the circulating clip, Brooklyn bends down, moves part of the fabric behind her and then walks out of the shot.

#carpet #down
dc7naz0s2422yj
6 days ago
As Norway continues to follow the ongoing case involving Marius Borg Høiby, with a verdict expected on June 15, concern over Princess Mette-Marit's health has also intensified. The crown princess, who is reportedly on a waiting list for a lung transplant, was notably absent from a milestone event that holds special meaning for both her and her husband, Crown Prince Haakon.
On June 11, Haakon attended the 25th anniversary celebration of the Crown Prince and Crown Princess's Fund, a charitable initiative established on the day of their wedding and one that has since become a cornerstone of the couple's public work.
This year's event carried particular emotional significance. For the first time, Princess Mette-Marit was unable to attend the annual celebration of the fund that was created as a direct result of her marriage to Haakon. Her fragile health prevented her from taking part in an occasion they have always hosted together, adding a poignant note to an event that represents a major part of their shared legacy.
Her last public appearance was on Norway's National Day, May 17, when she appeared visibly weakened and was seen relying on supplemental oxygen.
Crown Prince Haakon married Mette-Marit Tjessem Høiby on August 25, 2001, at Oslo Cathedral in a ceremony attended by royals from across Europe, including Spain's Queen Sofía and the then-Prince Felipe.

#mette #princess #june #Health
bemu681
6 days ago
NEW LONDON - The Connecticut Heritage Maritime Festival is playing in this waterfront town this weekend. The "Eagle," the Coast Guard's iconic three-masted ship, will be a big draw.
On Thursday night, the New London football team got the party rolling a day early, running the "Jolly Jack" up the S.S. Cochran and defeating Joel Barlow 56-17 in a Connecticut High School Football Alliance game at Pat Cannamela Field that marked coach Jack Cochran's return to the New London sidelines after a 17-year absence.
Cochran and his Whalers came in with a roar - literally. They were led down to the field by a motorcycle escort.
From there, they simply kept revving.
Junior Zhi'Mir Maddox-Moore took the opening kickoff 92 yards for a touchdown and later caught three touchdown passes from junior quarterback JoJo Rivera-Perry - all big-hitters for 30, 66 and 59 yards - as the home team built a 36-17 lead by halftime.

#field
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stomPC4m9T21
9 days ago
Actress Aubrey Plaza offloaded the Los Angeles property her late spouse Jeff Baena died in by suicide for $4.4 million—nearly one year after she put it on the market for $6.5 million.
Plaza, 42, who is recently gave birth to her first child with partner Christopher Abbott, originally purchased the home for $4.7 million in October 2022, when it became a marital home for the onscreen star and Baena.
However, in January 2025, Baena tragically died by suicide inside the property, and eight months later, Plaza chose to put it on the market, with an asking price of $6.5 million. That ask was lowered to $5.75 million just a few months later.
Still, the actress struggled to find a buyer—with sources telling Realtor.com® at the time that, while the four-bedroom abode had come under offer several times, the deals always fell through before they could officially close.
By May of this year, the property had been removed from the market altogether, before being relisted a few days later, with a new agent—Carl Gambino of The Gambino Group at Compass—and a much lower asking price: $5.3 million.

#plaza #baena #market #died
bouNc8FrOst
14 days ago
(By Oil & Gas 360) – Month Ending: August 2026 – August was the month energy markets began treating geopolitical disruption less like a temporary shock and more like a structural part of the investment landscape. The Iran conflict remained the dominant force running through oil prices, tanker markets, LNG flows, sanctions policy, and shipping through the Strait of Hormuz.
Yet one of the more revealing developments was how quickly commodity markets learned to absorb the uncertainty. Oil could rally on renewed fighting, fall on hopes for diplomacy, and then trade lower even as physical shipping constraints remained very real.
The industry's response told a different story. Producers, midstream companies, and governments continued committing capital to natural gas, new drilling inventory, offshore exploration, pipelines, ports, automation, and alternative supply routes. August was therefore not simply a month defined by war or volatile crude prices. It was a month that exposed how deeply intertwined energy security, infrastructure, technology, and access to resources are becoming.
The Iran conflict remained the defining energy story of August. Brent repeatedly moved in response to developments surrounding fighting and diplomacy, while commodity vessel traffic through the Strait of Hormuz fell to a three-month low. Reports that nearly half of global oil flows originated in or moved through conflict-affected regions underscored just how exposed the world's energy system had become to geopolitical instability.
The consequences extended well beyond crude prices. VLCC tanker rates reportedly climbed as high as $650,000 per day, Qatar suffered a severe collapse in LNG exports, and Gulf producers accelerated investment in pipelines and ports capable of reducing dependence on vulnerable maritime corridors.

#strait #hormuz
shinybaReLy662
15 days ago
This week, the club and Trust installed a bench in Gunnersbury Park, the sixth to be added in the local area to encourage the community to pause, connect and talk.
Last season, some of our players took to the benches to share their own experiences of mental health, including Fábio Carvalho and former Bees player Jordan Henderson. The installation of benches was inspired by Brentford's longstanding commitment to supporting mental wellbeing and the work of consultant psychologist Michael Caulfield, whose bench at the Robert Rowan Performance Centre (RRPC) provides a safe, confidential ***** e for players, coaches and staff to speak.
On Saturday, ahead of our game against Sunderland, from 12.30pm the RRPC bench will be located outside Entrance B at Gtech Community Stadium so fans can make a personal commitment linked to mental wellbeing and supporting others.
Trained representatives from Brentford FC Community Sports Trust and the Samaritans will be on hand to speak with supporters and provide information about health and wellbeing programmes available in the local community.
This season, Talking is the Best Tactic is encouraging supporters to take small actions towards better mental health through simple conversations or small acts of support.

#rrpc
warmwf
16 days ago
Monday, August 31, should have been an especially joyful date for Princess Märtha Louise of Norway and Durek Verrett as they marked their second wedding anniversary. This year, however, memories of their celebration are inevitably overshadowed by grief following the death of the princess' father, King Harald V, on Friday at the age of 89.
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King Haakon rushes Queen Mette-Marit to hospital hours after historic royal moment

#king #harald #norway
cooL55
17 days ago
Mel Gibson has apologized in the face of online backlash following an appearance on Saturday at Fan Expo Canada, where he appeared to mock an American Sign Language interpreter as he was welcomed on stage.
The Hollywood actor and The Passion of the Christ filmmaker was taking part in a Q&A about his career when, in a video making the rounds on social media, he apparently made hand gestures as he came out from behind a curtain and walked directly past an ASL interpreter.
More from The Hollywood Reporter
'Mutiny' Review: Jason Statham Anchors a Serviceable Maritime Action Flick That Just About Stays Afloat
'Insidious: Out of the Further' Hunts Down $3M in Box Office Previews

#hollywood
0oftly716
19 days ago
As King Haakon of Norway ascends the throne after the death of his father, the former naval officer must steer a royal family in crisis towards calmer shores.
The King, 53, has endured a string of royal scandals in recent years linked to his stepson, Marius Borg Høiby; his wife Mette-Marit, now the Queen; and his sister, Martha-Louise.
Opinion polls suggest there is a crisis of confidence in the royal family. A survey found that one in three Norwegians wanted the monarchy to be abolished upon the death of King Harald.
The most damaging revelations have centred on Borg Høiby, 29, the new King's stepson, who was convicted of rape and ***** ault in June and sentenced to four years in prison.
The new King, centre, adopted Marius Høiby Borg, left, when he was young - Nigel Waldron/Getty Images

#haakon
nrisiwu744
22 days ago
The New England Patriots officially revealed on Tuesday that they will wear their 'Nor'easter' uniforms on December 6 against the Buffalo Bills.
The Patriots debuted their rivalry uniforms during the Thursday Night Football game against the New York Jets last November. The theme was inspired by New England's coastal weather and maritime history. The uniforms were a big hit with Patriots fans, and now the team will don them once again in a pivotal AFC East clash with the rival Bills.
It could be a game with serious playoff implications given the timing. The rivalry was brought back to life with the Patriots' emergence as Super Bowl contenders last season. Both teams tied the regular season series at one game apiece.
The Patriots blew a 21-point lead in a loss to the Bills at Gillette Stadium last season. So they'll clearly be looking for revenge at home later this year.
However, the two teams will meet for the first time in Week 4 of the 2026 season at the new Highmark Stadium at Orchard Park.

#uniforms #last #rivalry #teams
fxftawxufdm
23 days ago
Aug 25 (Reuters) - U.S. President Donald Trump said on Tuesday that all mines ‌had been detonated or removed from international ‌waters of the Strait of Hormuz and that Iran has been told that any ship or boat placing new mines will be destroyed.
In a post on Truth Social, Trump said the United ‌States, through its ⁠Space Force, was watching "every square inch" of the Strait, a key waterway ⁠in the global energy supply chain.
"There is a Zero Tolerance policy on mine placement in full force and effect," Trump said.
The U.S. and ‌Iran have not conducted air strikes on each other's militaries for weeks, but attacks on vessels in the Strait of Hormuz have continued as the two sides vie for control ‌of the narrow maritime passage.
Oil transits through the strait were at 5 million barrels per day on ‌Monday, provisional data from shiptracker Vortexa showed, down from more than 20 million per day before the war or about one of every ‌five barrels consumed worldwide.

#strait #hormuz
BQCU9
23 days ago
Norway's Crown Prince Haakon and his wife Mette-Marit marked their silver wedding anniversary by posing for a new photograph, published on Tuesday, in the grounds of their home at Skaugum estate.
"25 years filled with love, family and a life together," the royal household wrote beneath the photograph, which it shared on Instagram to mark the anniversary. The picture shows the crown prince and princess smiling and dressed in summery outfits.
The couple also posted photos on Instagram of a trip they took after their wedding, showing them on the beach at Long Island.
The couple married 25 years ago, on August 25, 2001, at Oslo Cathedral. The past few months have not been easy for them. The crown princess, who has a serious lung condition, received a transplant earlier this year. Haakon and Mette-Marit are celebrating their silver wedding anniversary in private as she recuperates.
On Tuesday morning, the couple arrived at the Oslo hospital where King Harald V is currently being treated, apparently to visit the 89-year-old monarch, who is Haakon's father.

#wedding #marit #Instagram
jriraja789
23 days ago
Crown Prince Haakon and Crown Princess Mette-Marit are celebrating their silver wedding anniversary – and all that comes with 25 years of marriage.
But the Norwegian Crown Prince couple's special day will be a bittersweet one, as Haakon's father, King Harald, remains in hospital after a worrying week, while Mette-Marit's own health has forced them to rethink their celebrations.
Haakon and Mette-Marit were seen in a new photo to celebrate their milestone anniversary on Tuesday, standing in a garden with their arms around each other.
Mette-Marit, 53, looked casual in a light yellow jumper and white skirt with blue flowers, while her husband, the future King, wore a relaxed blue shirt.
Crown Prince Haakon and Crown Princess Mette-Marit celebrate their 25th wedding anniversary (@ Det kongelige hoff)

#marit #prince #celebrate
mucowe_du_h
28 days ago
The United Arab Emirates suspended all trade, commercial exchanges and financial transactions with Iran after accusing Tehran of firing ballistic missiles toward maritime traffic.
The action severs one of the Islamic Republic's most important commercial and financial links and threatens to close off an economic route President Donald Trump's sanctions have struggled to reach. It also further deepens Iran's isolation amid its standoff with the U.S.
The UAE supplied 31% of Iran's imports, valued at roughly $21 billion, in 2024, and was the destination for 13% of its exports, according to World Trade Organization trade data.
Iran Deal Clock Hits Zero As Trump Demands 'White Flag' With New Pressure Campaign Looming
Miad Maleki, a senior fellow at the Foundation for Defense of Democracies and former Treasury official, said the UAE is one of Tehran's two key economic lifelines.

#trade #islamic
modulesvms
29 days ago
The CMA CGM Group announced the appointment of Natasha Griffin as chief executive of CMA CGM North America.
Based in Norfolk, Va., Griffin will lead CMA CGM's operations and strategic development across North America, overseeing ocean shipping, logistics, intermodal, and supply chain activities, the Marseilles company said in a release.
"North America is a strategic market for CMA CGM and a key pillar of our long-term growth strategy," Griffin said in the release. "I am honored to lead our organization at this important moment. We will continue delivering exceptional service to our customers while supporting the development of America's maritime and logistics capabilities. I look forward to building on CMA CGM's longstanding commitment to the United States and Canada and contributing to the continued growth of our business and our partnerships across the
Region."
Griffin succeeds Adeline Franger Chouraqui, who became CEO and president of CMA CGM America in May 2025.

#north #development #release
pillow
1 month ago
By Andrew Osborn and Felix Light
MOSCOW, Aug 12 (Reuters) - President Vladimir Putin said on Wednesday that Russia will respond in kind if European countries start to seize Russian merchant vessels and the commander of Russia's ‌Pacific Fleet said his forces were ready to "inspect and detain" foreign vessels from what he called hostile states.
The comments, ‌which Putin made as he oversaw navy drills in Russia's far east, come as the EU tries to ratchet up pressure on Russia's so-called shadow fleet, expanding sanctions against hundreds of vessels and detaining some ships and their crews for checks. Some European governments have said they are exploring tougher maritime enforcement measures against ships suspected of sanctions evasion.
"We can see that the authorities of certain countries, in violation of international maritime law, are attempting to restrict the movement of our economic operators' vessels..., and have recently gone so far as to ‌consider the possibility of seizing our vessels and ⁠selling off the property they have plundered from us," Putin said.
"Naturally, this is nothing less than piracy and robbery. And if this begins to be put into practice, we shall be forced to ⁠respond in kind. And not necessarily in those waters where raids on our ships and vessels are planned, but wherever we ourselves deem it necessary and appropriate."

#vessels #putin #fleet
4hiNy
1 month ago
MOSCOW (AP) — Russian President Vladimir Putin on Wednesday threatened retaliation for Western seizures of its commercial vessels, describing them as "piracy."
Speaking on a visit to a Russian warship that was taking part in a naval exercise in the Pacific, Putin described the Western moves to detain vessels linked to Russia as a breach of international maritime law.
"It's nothing but piracy and robbery," Putin said. "If this is done, we will be forced to respond in kind."
He added that the Russian response wouldn't necessarily come in the waters where the Russian ships were seized, noting that Moscow could retaliate "in any area where we see it as necessary and appropriate," including in the Pacific.
The Pacific Fleet chief, Adm. Viktor Liina, reported to Putin that the navy was ready to start inspections of the commercial ships serving the "unfriendly nations." He noted that many of the ships operated by British, French and other European carriers fly the flags of other nations, effectively making them a "shadow fleet."

#vessels
2nchorgrUmpy
1 month ago
Oprah Winfrey and Stedman Graham have built a lasting partnership on their own terms.
The pair met at a charity event in 1986, the same year The Oprah Winfrey Show made its debut. Though they later got engaged, Winfrey and Graham ultimately chose not to walk down the aisle — a decision Winfrey has credited with helping their relationship thrive over the past 40 years.
"He and I agree that had we tied the marital knot, we would not still be together," she wrote in a January 2020 issue of Oprah Daily.
Instead, Winfrey has described what she and Graham share as a "spiritual partnership," borrowing a term from author Gary Zukav.
"Our relationship works because he created an identity beyond being 'Oprah's man.' ... And because we share all the values that matter (integrity being number one)," Winfrey wrote. "And because we relish seeing the other fulfill and manifest their destiny and purpose."

#relationship #Share
obbvruy
1 month ago
Lockheed Martin (NYSE:LMT) just landed one of the largest single contract awards in its history. On July 29, the Department of War handed the defense giant a seven-year, up to $53.86 billion undefinitized contract action for PAC-3 Missile Segment Enhancement interceptors, pushing the total multiyear deal to $58.62 billion once the $4.7 billion awarded back in April is added in. That is not an error, which raises a clear question: what is driving this level of demand?
The answer starts with real-world consumption. Fewer than 800 Patriot missiles reportedly remain in US inventories, a stockpile a CSIS report pegs as having lost 65% of its prewar 2,330 count during the Iran conflict, leaving roughly four years of production at the old pace to cover what got burned through in under three months of fighting. Lockheed is responding by tripling PAC-3 MSE production capacity by the end of 2030 and growing its Camden, Arkansas workforce from 1,200 to about 1,850 employees. This is Lockheed's second major multiyear award under the Department's Acquisition Transformation Strategy, following the $35 billion THAAD contract, and the company is backing it with $8 billion to $9 billion in facility investment through 2030, including new munitions centers in Troy, Alabama and Camden.
A cheaper companion missile, the PAC-3 Adapted Capability Effector priced around $2.5 million versus MSE's roughly $4 million, is being positioned as complementary rather than a cannibal of MSE volume, meaning it adds revenue instead of splitting it. Layer in the $3.5 billion Ultra Maritime acquisition that expanded Lockheed into undersea defense, and a business already generating $75.1 billion in FY2025 revenue, up 5.7%, with $6.9 billion in free cash flow and a net margin near 6.7%, looks like it is compounding its core strength rather than searching for a new one.
The flip side of that strength is dependency. Roughly 72% of 2025 sales came from the US government, and the F-35 program alone accounts for about 27% of revenue, meaning any shift in Washington's spending priorities or a program delay would hit Lockheed harder than a diversified industrial company. The balance sheet carries real leverage too, with debt to equity near 3.2x and a current ratio of just 1.1x, leaving a thinner liquidity cushion than investors might expect from a company this size.
Lockheed is also fighting a $4.25 billion lawsuit over alleged technology misappropriation and regularly defends against cyberattacks aimed at its sensitive intellectual property. And when Lockheed first unveiled the cheaper PAC-3 ACE missile, investors sold the stock off on fears it would eat into MSE margins, a worry the company disputes but one that shows how sensitive the market is to anything touching this contract's economics.

#missile #roughly
ojcvrqorctzwj
1 month ago
Princess Ingrid Alexandra has been pictured on her first day at university after a difficult few months.
The future Queen of Norway, 22, was officially welcomed to the University of Oslo on Monday, where she will study at the Faculty of Social Sciences on exchange from the University of Sydney in Australia.
It marks the start of an exciting new chapter for Ingrid, who has chosen to return to Norway to be closer to her mother, Crown Princess Mette-Marit, who was described as "seriously ill" before she underwent a lung transplant in June.
See the best photos of her arrival below…
1/5

#university
voxorebij82
1 month ago
European soccer's governing body says it delivered payments to a woman who British newspaper The Telegraph alleges was involved in an extra-marital relationship with Gianni Infantino.
Infantino is now the president of FIFA, global soccer's governing body, but the relationship allegedly took place while the Swiss administrator served as UEFA's general secretary between October 2009 and February 2016.
The newspaper reported Infantino promoted the woman while they were carrying on their relationship, with the woman given a six-figure payment and also seeing her MBA study covered by UEFA. The governing body says its records indicate a payment was made and the course was covered but says that was in line with the organization's regulations at the time of the incident.
"We are aware of the allegations and can confirm a departure payment was made to the individual in question, coupled with the payment of fees for an MBA course at a local business school," UEFA said in a statement shared with USA TODAY Sports. The payment was in line with the regulations that existed for departing staff at the time.
"Such regulations have been tightened since 2016 and the current staff regulations – which apply to all Uefa employees at whatever level – reflect those found in a modern, high-profile organisation."

#infantino
hayaz0479
1 month ago
Namibia is rapidly emerging as Africa's next major oil producer while neighboring South Africa, which controls roughly two-thirds of the same Orange Basin petroleum province, remains years behind in developing essentially the same petroleum system. The Orange Basin, an offshore deepwater petroleum province spanning the Atlantic maritime border between the two countries, is estimated to contain more than 20 billion barrels of oil equivalent. Yet while Namibia has attracted a succession of world-class discoveries and moved rapidly toward commercial development, South Africa has struggled to translate the same geological opportunity into producing **** ets.
TotalEnergies' (NYSE:TTE) deepwater Venus Project in offshore Namibia now targets an initial production capacity of roughly 150,000 barrels of oil per day, with first oil aimed for 2030. Venus-1X is estimated to contain 1.5 billion barrels of light crude and 4.8 trillion cubic feet of gas. TotalEnergies has also taken over operations of the massive Mopane discovery from Portugal's Galp Energia (OTCPK:GLPEF).
Last month, Shell Plc (NYSE:SHEL) and its JV partners reported a major oil discovery at the Merlin-1X exploration well within Petroleum Exploration Licence 39 (PEL 39). Located in Namibia's Orange Basin roughly 290 kilometers off the coast, the resource has recoverable reserves estimated at 750 million barrels for Phase 1. The success of Merlin-1X marks a critical turnaround for the consortium.
In early 2025, Shell booked a $400 million impairment on its Namibian offshore portfolio following engineering hurdles at older discovery wells with complex geology and high gas-to-oil ratios, including Graff-1X and Jonker-1X. Those challenges had initially slowed commercialization plans, but the Merlin-1X discovery has significantly improved the outlook for the company's Namibian acreage.
Related: Harold Hamm Bets Bigger on Argentina's Vaca Muerta Shale Boom

#petroleum #orange #roughly #offshore
blj_750_oddly_zvqsld
1 month ago
Crown Prince Haakon and Crown Princess Mette-Marit have spent years trying to turn a modest island cabin into a showcase of Norwegian design — an ambitious renovation that stalled just as it was about to break ground. Now a storm named Amy has done what years of royal scandal couldn't: it forced their hands. The tempest tore apart one of the docks on Flatholmen, the tiny island the couple has owned since 2008. The damage has produced the first real building permit the property has seen in years — not for the glass-and-timber dream house long promised, but for a humble pier.
Crown Prince Haakon and Crown Princess Mette- Marit at Nordstu- Solberg farm in 2024 (Getty Images)
According to Norwegian outlet TV2, the municipality of Risør has cleared the crown prince and princess to rebuild the storm-wrecked dock. It's a modest approval, capped at six square meters, but it matters; without a working dock, the island is barely reachable, and any future revival of the couple's long-shelved architectural project would need one regardless.
The permit came with a catch. A companion request — for a seaside platform of the kind common along Norway's coast — was withdrawn after the state administrator recommended against it. The dock itself only cleared because of an unusual technicality: one of Flatholmen's existing moorings is used by police, which let the municipality authorize a second access point without setting a precedent for other landowners. Haakon and Mette-Marit will cover both the construction and the roughly $575 in municipal fees themselves. Notably, the original dock — built sometime between 1982 and 2004 — never had a formal permit at all, so this approval is being processed as new construction from scratch.
Crown Prince Haakon and Crown Princess Mette-Marit, alongside their kids Prince Sverre Magnus and Princess Ingrid Alexandra, and their dogs, Milly Kakao and ****** ins Krakebolle (NTB Scanpix/AFP via Getty Images)

#haakon
6delta
1 month ago
Cole McBee and Kacie Adkison tie the knot during a surprise Las Vegas wedding officiated by an Elvis impersonator
The wedding comes after the couple debated eloping and after Cole admitted to visiting a strip club despite the women's warning.
Elsewhere, Steven McBee Jr. and Kacie repair their relationship, while Jesse and Alli McBee continue working through marital struggles
Cole McBee got his Vegas wedding after all.
During the Monday, Aug. 3 episode of The McBee Dynasty: Real American Cowboys, the family traveled to Las Vegas for a joint bachelor and bachelorette celebration, but what began as a party-filled getaway ended with Cole and longtime partner Kacie Adkison becoming husband and wife.

#elvis
wp4hOkAXu22pNGMj
2 months ago
KUALA LUMPUR, Malaysia (AP) — The head of U.S. Pacific Command said Monday that coercive actions by China and other actors are challenging regional stability, warning the United States will not allow any nation to dominate the Indo-Pacific.
Admiral Samuel Paparo said some actors were using "false claims of legitimacy" to justify intimidation and coercion.
"That's not the rule of law. That's the rule by law. That distinction between law as a tool of order versus law as a weapon of raw power, is the defining fault line of our time," he said via video link at a regional security conference in Malaysia organized by the U.S. Pacific Command.
Paparo's remarks come as tensions remain high in the South China Sea, where China's expansive maritime claims overlap with those of several Southeast Asian nations. The Philippines has been at the center of a series of confrontations with China, particularly around a disputed shoal, where Chinese and Philippine vessels have repeatedly faced off.
Manila has accused Beijing of dangerous maneuvers, water cannon attacks and attempts to block Philippine resupply missions. China has rejected those accusations and maintains its territorial claims in the disputed waterway.

#pacific #rule
rleyozu13
2 months ago
Brittney Griner has filed for divorce from her wife, Cherelle Griner, after eight years of marriage and is seeking joint legal and physical custody of their 2-year-old son.
According to court documents obtained by People, the WNBA veteran submitted the complaint in Fulton County Superior Court in Georgia on July 30.
The filing lists July 24 as the couple's separation date and describes the marriage as "irretrievably broken," with "no hope of reconciliation."
Neither Brittney nor Cherelle has publicly explained what led to their separation.
Brittney is requesting joint legal and physical custody of the couple's son, Bash, who was born in July 2024. She is also asking for child support to be determined and for the couple's marital ***** ets and debts to be divided equitably.

#july #griner #custody
modulesvms
2 months ago
Ocean Power Technologies Inc (NYSE-A:OPTT) CEO Philipp Stratmann talked with Proactive about the company's acquisition of the subsea wave power generating intellectual property portfolio from Columbia Wave Power, recent financial results and how the business is expanding its capabilities from surface maritime operations to seabed infrastructure.
Proactive: Welcome back inside our Proactive newsroom. Joining me now is Philipp Stratmann, CEO of Ocean Power Technologies. Philipp, it's great to see you again. How are you doing?
Philipp Stratmann: I'm doing well. It's good to be on again.
You recently reported your financial results and also completed an acquisition. Tell us about the acquisition.
We acquired the subsea wave power generating IP portfolio from Columbia Wave Power. We've been focused on surface maritime domain awareness and maritime dominance, but this acquisition helps us extend our offering from the surface down to the seabed. As experts in maritime power generation at a non-grid-connected scale, it completes an important part of our overall solution.

#power #philipp #stratmann #ocean

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