Politics News

U.S. oil and gas producers are unlikely to radically increase production under president-elect Donald Trump as companies remain focused on capital discipline, a senior executive at Exxon Mobil said."We're not going to see anybody in 'drill, baby, drill' mode," Liam Mallon, head of Exxon's upstream division, told the Energy Intelligence Forum conference in London."A radical change (in production) is unlikely because the vast majority, if not everybody, is focused on the economics of what they're doing," he said.

As world-reaction to Donald Trumps presidential win continues to come in, South Korean Foreign Minister Cho Tae-yul said he is "strongly confident" the South Korea-U.S. alliance will continue to thrive under the incoming U.S. administration of President-elect Donald Trump.While there are many tendrils to the economic and defense alliance, in particular in recent years, South Korea's world-class shipbuilders have drawn increasingly close to their U.S. counterparts, as the U.S.

U.S. Secretary of State Antony Blinken criticised Beijing's "escalating and unlawful actions" in the South China Sea at a summit on Saturday, while his Russian counterpart said Washington has stoked anxiety with its plan for a nuclear deterrence with ally Seoul for the Korean peninsula.Blinken singled out China over its coast guard's hostile actions against U.S. defence treaty ally the Philippines in the South China Sea.But he also lauded the two countries for their diplomacy after Manila completed a resupply mission earlier on Saturday to troops at a disputed shoal…

With the U.S. Navy and U.S. Coast Guard FY 2025 budget requests offering uninspiring news for traditional shipbuilders, industry observers might be forgiven for checking out and dismissing 2024 as just another dull year in the frustrating business of government shipbuilding.But with an election season underway and an increasingly disorderly sea, the year may end up being far more exciting for industry than most U.S. shipbuilders expect.In fact, it might even be time to prepare for a “Remember the Maine” moment.

A charity rescue ship carrying 134 migrants, mostly Africans, was stranded off the coast of Italy on Friday as a political battle in Rome stopped it from docking and even the medical conditions of those on board were disputed.The migrants, picked up off Libya over the last two weeks, are waiting to disembark on the southern Italian island of Lampedusa, but far-right Interior Minister Matteo Salvini has ordered his officials not to let them do so.Salvini, who has built his popularity on a vigorous campaign against illegal immigration, is acting in defiance of his own prime minister and despite six European Union nations agreeing to take…

The Panama Canal will allow vessels coming from Venezuela to transit the waterway provided they present the necessary paperwork, the canal authority's chief said on Wednesday, suggesting a new round of U.S. sanctions on the South American country may not make any difference to canal traffic.President Donald Trump's administration last week issued an executive order freezing all Venezuelan government assets in the United States. Shortly thereafter, U.S. officials ratcheted up threats against companies that do business with Venezuela.The measure did not explicitly place sanctions on non-U.S.