GLO Marine Eyes $57m in Revenue for Middle East Expansion, New Facility
GLO Marine is targeting revenues of more than USD$57.47 million (€50 million) by 2030 as it prepares to establish a permanent operation in the Middle East and bring its new USD$6.9 million (€6 million) Technology Centre in Romania into commercial operation.The two investments sit at the center of a wider growth plan that will see the company expand from its established marine and offshore engineering base into larger integrated project scopes, technology integration and a broader…
Romanian Fighter Jets Destroy Marine Drone Near Neptun Deep Project
Romania scrambled F-16 fighter jets to destroy a marine drone spotted a few hundred metres from the Black Sea gas project Neptun Deep, Defence Minister Radu Miruta said on Thursday.The incident underscores the growing threat to critical energy infrastructure in the Black Sea from drones and mines linked to Russia's war in Ukraine, with Neptun Deep expected to make Romania the European Union's largest gas producer when it comes onstream in 2027.NATO-member Romania shares a 614…
Maritime Drone Self-Detonates in Constanta Port
A maritime drone self-detonated on Friday in Romania's Black Sea port of Constanta near an oil terminal, without causing casualties, as Ukraine accused Russia of jamming one of its vessels before it drifted into Romanian waters.The explosion was the second major incident in a populated area in Romania on NATO's eastern flank in just a week as the spillover threat increases from the war in Ukraine, which has been fighting against a full-scale Russian invasion since 2022.Ukraine's navy said one of its naval drones lost control while on a mission in the Black Sea…
