Finance News

A total of 18 planned and announced Floating Production Storage and Offloading (FPSO) projects are expected to be deployed offshore Brazil during the outlook period 2020–2025, the highest among the countries globally, according to GlobalData, a leading data and analytics company. 

Huntington Ingalls Industries’ (NYSE:HII) Technical Solutions division announced that it has completed a strategic equity investment in Sea Machines Robotics, Inc., a Boston-based autonomous technology company that specializes in advanced software for unmanned surface vessels (USVs).

As Covid-19 infections continue to increase around the world and the implications of the pandemic’s spread are acknowledged in key markets in the Americas and Asia, Rystad Energy is now changing its base case scenario for oil demand, incorporating a mild second wave effect.

All countries maintain accounts that tell a story about their economy. The most well-known feature of these national accounts is Gross Domestic Product or GDP, a single number that summarizes the size of an economy represented by the total value of certain goods and services produced, usually each quarter or year.

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