U.S. Regulators Launch An Investigation Into Tesla Safety Issues

In what appears to be a continuing spillover from Tesla’s recent contested recall of its Model S and Model X vehicles in China due to suspension issues, U.S regulators are now investigating the issue. The U.S. NHTSA announced on Friday it had opened an investigation into about 115,000 Tesla vehicles over front suspension safety issues, according to Reuters. It said it would be looking into 2015 to 2017 Model S and 2017 to 2017 Model X vehicles after having received “43 complaints alleging failure of the left or right front…

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Shipping Giants Clash With The EU Over Emissions Plans

Japan, South Korea and a fleet of international shipping groups have warned the European Union against its plan to add greenhouse gas emissions from the maritime sector to Europe’s carbon market. As the 27-country EU seeks to steer its economy towards “net-zero” emissions by 2050, the executive European Commission wants to expand its carbon market to shipping. Currently, the policy requires power plants, factories, and airlines running European flights to buy pollution permits to cover their emissions. The proposal, formally due by next summer, has already run into opposition. “The application…

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The World’s Most Controversial Pipeline Hits Another Hurdle

DNV GL, a Norwegian risk management and quality assurance firm, told Reuters on Thursday it had suspended work on the gas pipeline Nord Stream 2 to avoid sanctions under the recently expanded U.S. sanctions on the Russia-led project.   Last month, the U.S. Department of State said it was broadening the sanctions against service providers and those funding vessels involved in the construction of Nord Stream 2 in a fresh attempt to prevent the project from completing.  According to the new guidance in the Protecting Europe’s Energy Security Act (PEESA), the United States is including in the…

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Oil Markets Hopeful As OPEC+ Meeting Looms

TOM KOOL Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com’s Head of Operations More Info SHARE Facebook Twitter Google + Linkedin Reddit PREMIUM CONTENT Oil Prices Are On Course For Another Weekly Gain U.S. Shale Production Continues Its Decline Iran’s Leading Nuclear Bomb Expert Assassinated Why OPEC Is Worried About The UAE Oil Markets Hopeful As OPEC+ Meeting Looms By Tom Kool – Nov 27, 2020, 2:00 PM CSTJoin Our Community Oil prices are set for a fourth consecutive weekly gain as positive vaccine news and…

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Energy damage

In a press conference, Special Adviser to the Prime Minister Nadeem Babar attempted to answer some of the questions on energy purchase raised by Geo’s Shahzeb Khanzada in his show – all the while denying he was referring to the show at all. What the presser led to, though, were even more unanswered questions – leading us to wonder why the prime minister and the people of Pakistan are being provided misinformation on so many issues and why the national exchequer lost an amount of $122 million, an amount that…

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In a first, ‘serious’ coral bleaching reported in Pakistan near Churna Island

WWF-Pakistan on Thursday appealed to the government to declare Churna Island a Marine Protected Area (MPA) after coral bleaching was reported in some areas of the island. This is the first time that the phenomenon has been reported in Pakistan. According to a statement released by the WWF-Pakistan, a PADI certified driver, Khizar Sharif, while on a diving expedition around the north-eastern part of Churna Island in the last week of October, noticed serious bleaching of corals. In some areas, large patches of bleaching were observed. WWF-Pakistan termed the bleaching…

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Police Bust Crude Oil Theft Gang, Eight Arrested

KOHAT, (APP – UrduPoint / Pakistan Point News – 26th Nov, 2020 ) :Police on Thursday busted eight-member inter-provincial gang involved in theft of crude oil from Oil & Gas Development Company Limited (OGDCL) pipeline in Shakardara area. Police also seized three vehicles and several drums and other equipments used in stealing crude oil. Police said that thieves have drilled main supply line from OGDCL oil field causing loss of millions of rupees to the national exchequer by stealing crude oil. Deputy Superintendent of Police (DSP) Lachi Circle, Nazir Hussain…

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Stakeholders oppose SNGPL’s demand for 123pc hike in gas rate

ISLAMABAD: Despite facing gas shortfalls, the Sui Northern Gas Pipelines Ltd (SNGPL) on Thursday demanded 123 per cent increase in its gas rate, 100pc increase in meter rent and 700,000 fresh domestic connections, which was strongly opposed by the stakeholders including textile industry and transport sector. At a public hearing presided over by Oil & Gas Regulatory Authority (Ogra) Acting Chairman Noorul Haque, the stakeholders contended that there was no justification for network expansion when the gas utility was unable to meet the requirements of existing consumers. They contended that…

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PSO floats tenders to accumulate oil supplies

KARACHI: State-owned Pakistan State Oil (PSO) has floated several tenders to procure petroleum products to ensure ample availability of fuel in the New Year, it was learnt on Thursday. PSO has invited bids for supply of three motor gasoline cargos of 45,000 tons each in January 2021, along with one standard size cargo each of high sulphur fuel oil and low sulphur fuel oil. PSO would also receive one cargo of jet fuel in January. Market sources said PSO’s stock position was at a comfortable level and there was no…

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UK oil and gas sector confidence plunges to record lows

Reduced activity levels, project cancellations and workforce cuts as a result of the coronavirus pandemic have slashed business confidence across the UK’s oil and gas sector, according to an industry report. The 32nd Oil and Gas survey, conducted by Aberdeen & Grampian Chamber of Commerce in partnership with the Fraser of Allander Institute and KPMG UK, asked firms about the initial impact of CV19, how they expect activity to recover and how recent events have influenced industry views on future facing issues like the energy transition and the UK’s exit…

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