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Dubai / WAM HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Supreme Council of Energy (DSCE), has issued Directive No. 3 of 2021 on the regulation of Liquefied Petroleum Gas (LPG) trading, in order to protect the environment and society, by implementing the highest standards of safety and security. This includes the transportation, storage, and distribution of LPG, ...
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May, 2021
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16 May
ITC offers PayBy in all Abu Dhabi taxis
ABU DHABI / WAM The Integrated Transport Centre (ITC) of the Department of Municipalities and Transport announced that starting Sunday, taxis will start accepting cashless fare payments through PayBy. This new feature offers convenience, security, and a variety of payment options. It also reinforces levels of passenger safety using taxis, and enhances the quality of services provided to passengers through ...
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16 May
Plug Power plans to open hydrogen plant in Texas
Bloomberg Plug Power Inc plans to open a hydrogen-production plant powered by the wind near Fort Worth, Texas as part of a nationwide chain of facilities to make the clean-energy fuel. The plant will be able to produce up to 60 metric tons of hydrogen per day, Chief Executive Officer Andy Marsh said on a conference call with analysts, without ...
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16 May
Sasol to sell 30% Mozambique gas pipe stake for $361m
Bloomberg Sasol Ltd agreed to sell a 30% stake in a natural gas pipeline running from Mozambique to South Africa for as much as 5.1 billion rand ($361 million) in order to pay down debt. The deal rounds out an accelerated asset-sale program that has helped Sasol reduce borrowings that ballooned amid cost overruns at a giant US chemicals project ...
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16 May
Mexican power plants boost dirty fuel oil use
Bloomberg Fuel that is so dirty that the global shipping industry banned its use last year is being burned at the highest level in three years in Mexican power plants. With the global shipping industry shunning sulfurous fuel oil to curb emissions, storage tanks in Mexico are overflowing with the stuff. The solution for Mexico is to push more of ...
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16 May
Marathon plans $10b buyback after Speedway sale
Bloomberg Marathon Petroleum plans to repurchase as much as $10 billion of stock after the US oil refiner completed the sale of its Speedway fuel retail chain. The plan starts with a cash tender offer to buy as much as $4 billion of shares, or about 10% of its current market value, the company said. The repurchase would be the ...
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16 May
India variant won’t halt UK’s reopening — yet
Although the eradication of Sars-CoV-2 would be nice, most people accept we’ll have to live with the virus for some time, almost as we do with the flu. But a variant from India is now forcing the UK to define just what “living with it†means. It comes as England reaches another milestone on its roadmap to unlocking. From Monday, ...
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16 May
If China shrinks, it’s world’s problem
China’s slowest population growth in decades may be felt more acutely beyond its borders than within them. The economy will keep humming and incomes can continue to climb, albeit at a slower rate. The rest of us, however, will need to adjust to a persistently slacker pace of global expansion and the prospective ebbing of deflationary pressure. The caricature of ...
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16 May
Colombia’s tax reform protests is a warning
Over the last two weeks, protests against a tax reform proposed by the Colombian government have left dozens of people dead, injured hundreds more, and brought much of the country to a standstill. At least 15 people have been killed in Cali, Colombia’s third-largest city, where more than 10,000 troops and police officers are fighting rioters who’ve barricaded the main ...
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16 May
The CDC’s new mask rules leave kids out
The US Centers for Disease Control and Prevention (CDC) made waves when it announced last week that vaccinated people can doff their masks. But one group of people has no hope of doing so: kids, for whom vaccines are still largely not authorised by the Food and Drug Administration. Only the Pfizer shot is authorised for kids as young as ...
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