Energy Law Firm offers support to businesses affected by the Covid-19 Pandemic and the oil industry crisis

Energy Law Firm offers support to businesses affected by the Covid-19 Pandemic and the oil industry crisis Our firm will offer assistance to local services companies in our countries of operation on contractual disputes, employment issues and compliance matters JOHANNESBURG, South Africa, March 24, 2020/ — Recognizing the toll that the Covid-19 Pandemic has taken on the oil and gas industry, Centurion law Group (https://CenturionLG.com/) will assist small and mid-sized African businesses that are currently dealing with the economic impact of the Coronavirus, which is hitting many African countries. With our…

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JS Bank fights Corona Offers urgent financing to hospitals to curb Corona Pandemic

Karachi, 25th March-2020: Playing its role in facilitating the nation and its institutions to fight the Coronavirus pandemic, JS Bank, has introduced financing of up to Rs. 200 million to hospital and medical centers, for the purchase of equipment to detect, contain and treat patients infected by COVID-19. Under this State Bank designed scheme, all medical centers registered with federal or provincial health governing bodies, engaged in the control and eradication of COVID-19 will be eligible to avail the credit line at a minimal mark-up rate of only 3% per…

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GE Healthcare Takes Additional Actions to Help Clinicians Combat Coronavirus

GE Healthcare today provided two updates on its continued efforts to support clinicians, governments and the broader healthcare community in the fight against the coronavirus (COVID-19). GE Healthcare and Ford Motor Company will work together to scale the production of ventilators, arming clinicians with medical equipment important in the treatment of COVID-19 patients. Through this collaboration, Ford will provide its technical and production expertise with the goal of manufacturing a simplified design of GE Healthcare’s existing ventilator. This new system would be built specifically to address urgent needs during the…

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PTI govt asked to declare force majeure in LNG deal

ISLAMABAD: Pakistan is facing growing calls to declare force majeure in its liquefied natural gas (LNG) deal with Qatar following a sharp dip in consumer demand in the wake of coronavirus-related lockdown. Officials told The Express Tribune that different quarters were discussing and suggesting that Pakistan should declare force majeure in its long-term deal with Doha in order to halt imports that were expensive amid lower demand. Officials pointed out that the power sector calculated only the energy cost while working out the economic merit order and ignored the capital cost…

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Governments urged to attach green strings to long-term coronavirus recovery plans

Governments and financial institutions are under growing pressure to make economic bailouts designed to counter the coronavirus pandemic dependent on climate action in the longer term.  Over the last week, hundreds of billions of dollars worth of stopgap measures have been announced to fight the coronavirus and limit economic shortfalls. In the US, industries are scrambling for a share of a $1 trillion-stabilisation package with the aviation industry expected to receive a large chunk. Last week, the European Central Bank (ECB) announced a €870 billion ($781bn) emergency bond-buying programme to stabilise the euro zone…

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Asia spot LNG prices under pressure amid India’s lockdown, Adani force majeure

The announcement was followed by a force majeure declaration that affects the Mundra LNG terminal, owned by GSPC and Adani. The force majeure is in effect from 7 am India time (0130 GMT) on March 22, 2020, according to the company’s official notice. “Port hereby notifies the Force Majeure event wherein port will not be responsible for any claims, damages, charges, etc. whatsoever arising out of and/or connected to the above Force Majeure event, either directly or indirectly, which without any limitation would include vessel demurrages,” the company document stated.…

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Poor water infrastructure puts world at greater risk from coronavirus

Decades of chronic underfunding of water infrastructure is putting many countries at worse risk in the coronavirus crisis, with more than half the global population lacking access to safely managed sanitation, experts said as the UN marked World Water Day on Sunday. Good hygiene – soap and water – are the first line of defence against coronavirus and a vast range of other diseases, yet three quarters of households in developing countries do not have access to somewhere to wash with soap and water, according to Tim Wainwright, chief executive of the charity…

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Italy’s Energy Consumption Crashes Amid Lockdown

Italy has gone full “Wuhan” with a massive lockdown across the country amid a virus crisis that has paralyzed its economy. So far, 63,927 confirmed cases of COVID-19 had been reported, with 6,077 deaths. The Italian economy is being dragged into a depression as the fast-spreading virus cripples its northern regions, forcing the government to ban travel and close all industrial production across the country. The impact of the virus on Italy’s economy led to the collapse of electricity consumption last week. Electricity usage fell 16% YoY for March 16-22, according to Bloomberg calculations based on Terna SpA data. Diego Marquina, an analyst…

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