The U.S. Coast Guard’s new Offshore Patrol Vessels are to be equipped with hybrid electric drive systems from Leonardo DRS Technologies, the company announced.

An inert B61-12 nuclear bomb was dropped by the U.S. Air Force in Nevada recently to test its non-nuclear components, officials announced this week.

The U.S. Navy is banning electronic cigarettes and vaporizers aboard its vessels and aircraft starting May 14 after reports of injuries caused by the devices.

BAE Systems received a $40 million contract modification from the U.S. Navy to continue producing components for MK 41 Vertical Launching Systems.

Amid signs of growing demand for oil and petroleum products, China’s Finance Ministry reported fiscal revenue rose 14.1 percent in the first quarter.

Rolls-Royce received a $372 million contract from the U.S. Navy to perform engine repair services for KC-130J tanker aircraft.

Russia is taking a conservative approach to the price of oil, pegging its scenario for growth at $40 per barrel for the nation’s benchmark Urals crude oil.

Iran could go tit-for-tat on production trends with Qatar given recent developments at a Persian Gulf oil and gas field, the Iranian oil minister said.

The economic prospects for emerging West African oil player Ghana are encouraging given the large increase in production, the International Monetary Fund said.

The economies of Asia are eager for some of Canada’s top export commodities like energy and petrochemicals, the country’s trade minister said.