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Shell Gulf’s battle to introduce LNG in Australia is intensifying

Shell told customers Monday that it could not ship liquefied natural gas LNG shipments from its Prelude plant in northwestern Australia due to union a

Shell told customers Monday that it could not ship liquefied natural gas LNG shipments from its Prelude plant in northwestern Australia due to union action over a wage dispute that was extended until July 21. Shell has stopped production and will hire workers for its largescale floating equipment Monday night. The company has issued a Notice of Failure to the customer for all future downloads. This situation could easily be resolved if management stopped the strange and aggressive tactics of industrial relations, said Zach Duncalf, coordinator of the Offshore Alliance. Shell will close Prelude on Monday, starting with a night shift. Read More..

B2B Tech News | 2 years ago        

Due to Alpecs profit, Alfa Mexicos secondquarter net profit doubled

Alfas earnings were increased by its food distribution subsidiary, Sigma, and its petrochemical division, Alpek. Earnings before interest, taxes, and

Alfas earnings were increased by its food distribution subsidiary, Sigma, and its petrochemical division, Alpek. Earnings before interest, taxes, and amortization EBITDA increased by 42% year on year to $ 14.15 billion. However, Alfa slightly lowered its overall forecasts due to the poor performance of Sigma in Europe and the release of Axtel. The company also reduced EBITDA by 11%. Analyst Spinoff could mean more value for shareholders. It will be significant to consider OCTALs attractive cash flow, the reopening of Corpus Christi, Texas PET and PTA facilities, ESGs recent commitment to reduce emissions, and the possible exit of Alpha Read More..

B2B Tech News | 2 years ago        

Spain rejects EU plan to reduce gas consumption by 15% due to concerns

According to Teresa Ribera, Minister for Ecological Transition, Spains government has rejected a plan to reduce gas consumption by 15% in light of the

According to Teresa Ribera, Minister for Ecological Transition, Spains government has rejected a plan to reduce gas consumption by 15% in light of the possibility that Russia will reduce gas supplies to Europe. She claims that Spains industry has made a special sacrifice to ensure supply security. The average consumption over the previous five years is to be reduced voluntarily by 15%, according to the European Commission. This equates to 55 terawatt hours in the case of Spain, out of a total average of 367.28 TWh. The government will support the position of the Spanish industry, which has paid a special price to guarantee the security of supply, and no matter what happens, Spanish families wont experience gas or electricity cuts in their homes, the minister said. Read More..

B2B Tech News | 2 years ago        

Japan reduced the gasoline subsidy to 36.6 yen per liter

According to the industry ministry, Japan has reduced its gasoline subsidy for oil distributors for seven days starting on Thursday from 36.9 yen to 3

According to the industry ministry, Japan has reduced its gasoline subsidy for oil distributors for seven days starting on Thursday from 36.9 yen to 36.6 yen 26.5 cents per liter. The temporary subsidy plan was implemented in January to lessen the impact of high crude prices brought on by limited global supply, which was later made worse by the conflict in Ukraine. Read More..

B2B Tech News | 2 years ago        

Woodside production forecast misses forecasts, stocks fall

Australias Woodside Energy Group Ltd WDS.AX on Thursday downgraded its 2022 production outlook and flagged a possible delay in a US oil project inheri

Australias Woodside Energy Group Ltd WDS.AX on Thursday downgraded its 2022 production outlook and flagged a possible delay in a US oil project inherited from BHP Groups oil assets, sending its shares down 4% oil and gas producer, following its merger with BHPs oil division, said its Phase 2 Mad Dog oil project in the Gulf of Mexico, scheduled to come on stream in 2022, could face upside costs. delays after problems were identified in some equipment. The drop in production came as Woodside reported secondquarter profits more than doubled to $3.44 billion, including a monthly contribution from BHP assets, buoyed by soaring oil prices and gas following the Russian invasion of Ukraine. Read More..

B2B Tech News | 2 years ago        

Cassava Technologies raises $50 million investment from C5 Capital

Cassava Technologies, an African continentwide integrated technology company, has announced that it has accepted a $ 50 million investment from C5 Cap

Cassava Technologies, an African continentwide integrated technology company, has announced that it has accepted a $ 50 million investment from C5 Capital. This investment is part of an extended round of financing to accelerate cassava growth. Cassava will be the African market access partner for the advanced companies in the C5 portfolio, to give the best technologies in the field of cybersecurity, satellite and space, and clean energy. Cassava is a leading provider of cybersecurity, space, and energy solutions for the private and public sectors. The company has partnered with C5 Capital to launch a network of Cyber ​​Security Operations Centers CSOCs across Africa.CSOC enables you to deliver cyber security services and operations across continents. According to industry reports, cyber security threats will cost Africa nearly $ 4.1 billion in the gross domestic product GDP by 2021. Read More..

B2B Tech News | 2 years ago        

The CEO of Japans Renesas says there are no plans to build a chip factory in the United States.

Japanese semiconductor company Renesas Electronics Corp. says that there are no plans to build a factory for the production of microcircuits in the Un

Japanese semiconductor company Renesas Electronics Corp. says that there are no plans to build a factory for the production of microcircuits in the United States. CEO Hidetoshi Shibata I dont believe there are good products in Europe or America. Inhouse manufacturing is the process of creating chips on wafers, roundpolished silicon wafers. Shibata said there are risks in concentrating production in Japan, adding that earthquakes sometimes disrupt production. The companys shareholders are Toyota Motor Corp and automotive supplier Denso Corp. Read More..

B2B Tech News | 2 years ago        

Tata Steel has partnered with BHP of Australia to explore lowemission steel production technology

Tata Steel Home has partnered with BHP of Australia to jointly research lowcarbon iron and steelmaking technology. The partnership aims to help both c

Tata Steel Home has partnered with BHP of Australia to jointly research lowcarbon iron and steelmaking technology. The partnership aims to help both companies move towards climate change goals and support India’s ambition to become carbon neutral by 2070. Tata and PHP steel wants to collaborate in ways to reduce the intensity of the furnace line, use a biopsy through these two and use carbon recording and the use of CCU in steel production. We believe that strategic cooperation is very important to accelerate measurement technologies, so collaboration with BHP is an important step for the United States, said Vice President of the Tata Steel Strategic Chairman. Read More..

B2B Tech News | 2 years ago        



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