Month: March 2022

A Saudi Aramco oil facility located in Jeddah, Saudi Arabia, was hit by a missile launched by Yemen’s rebel Houthi militia on Friday, reports on social media suggested. A Yemeni Houthi spokesperson later said that the group would be announcing more details on a wide operation in Saudi Arabia later in the day. The news sent oil prices jumping higher, with WTI surging back to $112 from around $110 and also weighed on equities, with the S&P 500 dropping about 25 points to 4515 from around 4540.

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Burkhan International Development Corporation’s Investment in Supercap Energy StorageDeveloper Demonstrates the Growing Need for Supercap Energy Storage as an Alternativeto Chemical Batteries to Enable Sustainable Energy Transition in Delivering Infrastructureas a Service.Dubai, UAE and Washington D.C., March. 25, 2022 — Burkhan International DevelopmentCorporation (“BIDC”) today announced a US$20 million investment in Enercap Holdings Pte.Limited (“Enercap”), the holding company behind the invention, development, manufacturing andcommercialization of Supercap Energy Storage.Energy storage is a critical element of the energy transition, with electrification anddecarbonization requiring performance which is increasingly beyond the scope of chemicalbatteries.…

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This is a far bigger development than is being reported. Russia currently supplies about 40% of Europe’s natural gas, which is used to heat homes and power their grid.Current EU sanctions against Russia have conveniently excluded nat gas for this reason. There is no way for Europe to cut off such a significant portion of their own gas supply and not cause complete chaos.Even if the US and other countries swoop in to frantically try and make up the shortfall, the infrastructure to switch to LNG isn’t yet built. The…

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There should be effective implementation of laws to crackdown against the extensive use of social and digital media platforms for unabatedly harassing activists striving for the cause of women’s empowerment and female professionals and entrepreneurs who work to utilize their skills for the national economy.  This was one of the recommendations at a seminar on women’s empowerment organised by the National Forum for Environment and Health (NFEH) here at a hotel and attended by working women who have excelled in different fields.Those who spoke on the occasion demanded that social…

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The EU on Wednesday proposed a law requiring natural gas storage be filled to a minimum 80 percent before next winter as it grapples with soaring energy prices exacerbated by the fallout from Russia’s war in Ukraine. The measure is one of several options the 27-nation bloc is looking at as inflation and projected lower economic growth from the war erode a vibrant recovery from the Covid pandemic. It is especially important because Russia provides nearly a third of the EU’s natural gas imports. While those have been left untouched…

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