Pemex Won't Pay Ransom After Cyberattack
Mexican national oil company Pemex will not pay a ransom demanded by suspected cyberattackers who targeted the firm's computer systems, Energy Minister Rocio Nahle told reporters on Wednesday.Nahle, who also serves as chair of the Pemex board, added that the attack hit the company's administrative headquarters in Mexico City and that its "plants and wells" continued to operate.Hackers have demanded some $5 million in bitcoin from Pemex.The hack was first detected on Sunday, forcing the company to shut down computers across Mexico and
Pemex Struck by Ransomware Attack
A ransomware attack hit computer servers and halted administrative work on Monday at Mexican state oil firm Pemex, according to employees and internal emails, in hackers' latest bid to wring ransom from a major company.Hackers have increasingly targeted companies with malicious programs that can cripple systems overseeing everything from supply chains to payments to manufacturing, removing them only after receiving substantial payments.An internal email seen by Reuters said Pemex was targeted by "Ryuk…
Marine Firm James Fisher Reports Cyber Breach
Marine services provider James Fisher and Sons Plc (JFS) said on Tuesday that hackers had gained unauthorized access to its computer systems, sending its shares down as much as 5.7%.JFS said it had taken all affected systems offline as a precautionary measure and was working with cyber security experts to recover systems, applications and data from its disaster recovery back-up."Work is ongoing to complete the recovery as quickly as possible and to minimize any impact on our businesses…
Weatherford CEO's Rebound Plan Relies on Getting Smaller
Four years ago, oilfield company Weatherford International Plc pledged to sell non-core businesses and make paying down debt its top priority after years of borrowing and over spending.It almost worked. Asset sales provided some $1.8 billion to pare debt, and Weatherford's stock nearly doubled that year. But when oil prices plummeted in mid-2014 and customer spending on new wells followed, Weatherford failed to cut costs fast enough and payments on its debt jumped…
Cyber Attack Hits Oil Giant and Banks in Russia and Ukraine
Russia's top oil producer Rosneft said a large-scale cyber attack hit its servers on Tuesday and computer systems at some banks and the main airport in neighbouring Ukraine were also disrupted. A Moscow-based cyber security firm, Group-IB, said it appeared to be a coordinated attack simultaneously targeting victims in Russia and Ukraine. In Copenhagen, global shipping firm Shipping company A.P. Moller-Maersk said it had suffered a computer system outage caused by a cyber attack thought it was not immediately clear if it was connected.
As Decision Time Approaches, UK PM May Mulls Hinkley Options
Theresa May could announce as soon as Thursday whether Britain will go ahead with a $24 billion nuclear power project, laying down a marker on energy policy and her approach to investment from China. Hours before a deal was due to be signed in July, the new prime minister stunned investors by putting it on hold. May said she needed time to assess the terms of a project that would see French utility EDF build Britain's first new nuclear reactor in decades, backed by $8 billion of Chinese cash.
Saudi Job Creation Slows on Oil Price Slump
Saudi Arabia's plans for economic reform foresee winding down 'jobs for life' in an inefficient state bureaucracy and replacing them with new careers in a dynamic private sector. That's the theory, at least. But in the short term, there is a problem: 2016 is set to be an abysmal year for job creation. Public spending is being slashed and growth forecasts for oil and non-oil portions of the private sector are gloomy. A tough market awaits first-time job seekers in the world's largest oil exporter…
Bennett Named BOEM’s Chief for OREP
The Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper announced James (Jim) F. Bennett as BOEM’s new Chief for the Office of Renewable Energy Programs (OREP), the program responsible for overseeing offshore renewable energy development on the Outer Continental Shelf. Bennett has 35 years of Federal service and has served in a variety of capacities around the Department of the Interior and the Bureau. Most recently…
U.S. Businesses Brace for Oil Downturn
Oil and gas production is fundamental to the U.S. economy. The sharp downturn in prices will have a negative impact on business investment in the short term before the positive impact on consumer spending takes over further down the line. Oil and gas producers accounted for almost $1 in every $8 of new business investment in the U.S. economy in 2013, according to new data published by the Census Bureau. Businesses engaged in oil and gas extraction invested $159 billion in wells…
S.Korea Nuclear Operator says Cyberattacks Continue, Reactors Safe
South Korea's nuclear power operator said on Sunday that cyberattacks on non-critical operations at the company's headquarters are continuing but the country's nuclear power plants are operating safely and are secure from attack. Korea Hydro & Nuclear Power Co Ltd has been intensifying its cyber security, President and CEO Cho Seok said. He gave no details of the continued cyberattacks or the company's response, citing security reasons. "We cannot let cyberattacks stop nuclear power operation," Cho told a news briefing.
USV Powered by Renewable Energy
Eco Marine Power (EMP) today revealed details of its Aquarius Unmanned Surface Vessel (USV) and announced that it will begin work related to the construction of a prototype. The Aquarius USV is being developed as a cost-effective unmanned surface vessel (USV) and will incorporate a number of technologies from EMP and its strategic partners. These technologies include marine computer systems and lightweight flexible marine solar panels.
EMP to Display Technologies at Sea Japan 2014
First public display of Aquarius MRE System & Aquarius Eco Ship concept. Eco Marine Power (EMP) has announced that it will be presenting for the first time a number of the technologies it is developing including the Aquarius Marine Renewable Energy (MRE) System at Sea Japan 2014. During the three day event in Tokyo April 9-11, EMP will also outline its vision for the future development of sustainable shipping technologies including wind and solar power solutions.
Inlecom Launches EU Maritime Single Windows Checklist
Inlecom Systems Ltd., the transport and logistics research and innovation company, has launched the first ever guide and checklist to enable maritime authorities and trade organizations to fulfill their obligation to deliver ship reporting formalities in electronic format via a Single Window. This is a timely and significant step forward because under the EU Directive 2010/65/EU, commonly known as the FAL Directive, Member States are mandated to adopt a Single Window system no later than June 1, 2015.
