Saudi Arabia Aramco has discovered four new oil and gas fields in the kingdom it is still working on determining the size and shape of the discovered fields. Prince Abdulaziz bin Salman bin Abdulaziz, the energy minister announced Saudi Aramco made these discoveries in different parts of the country; he was quoted as saying by […]
Haven, The Joint Venture created by Amazon, JP Morgan Chase and Berkshire Hathway to lower health care costs for their US employees will be dissolved exactly three years after its formation. On January 2018, Berkshire Hathaway’s Warren Buffet, Amazon’s Jeff Bezos and the investment banking giant JP Morgan Chase announced the plan to create a […]
The leading Digital currency Bitcoin saw its surge beginning this year with its price passing $30,000 for the first time with more investors and traders betting that it is on its way to become a mainstream payment method. The price of the Cryptocurrency traded as high as $31824 early Saturday, with almost all markets, it […]
Japan Airlines (JAL) becomes one among the airlines to offer COVID-19 insurance to its passengers on international flights called JAL COVID-19 cover. The Airlines has joined hands with Allianz Travel to provide complimentary cover for testing, medical expenses and quarantine costs in the event that customers test positive for COVID-19 during their travel. The insurance […]
The German aircraft manufacturer Volocopter is all set to launch its first flying electric taxi service in Singapore within the next three years. The taxis developed by volocopter are electrically powered that take-off, land vertically and is also emission-free; it can accommodate up to two passengers and fly directly to the destination. The company had […]
AT&T Inc and Sony Pictures Entertainment announced that AT&T has agreed to sell its anime streaming service Crunchyroll to Funimation Global Group for $1.175 billion. Funimation Global Group is a joint venture between Sony Pictures Entertainment Inc and Sony Music Entertainment Inc’s subsidiary, Aniplex Inc. Sony’s Funimation Global Group has one million paying subscribers will […]
Australian and Japanese company Transborders Energy has signed a MOUS with research, oil and gas industry to develop Australian offshore CO2 capture and storage hub project. It’s a joint partnership between the leaders in oil and gas sector and researchers to co-develop the project – the deepC Store project. In one of five priority technologies, […]
Petronas (Petroliam Nasional Berhad), the Malaysian oil and gas giant will continue to expand its business in renewable energy mainly in solar and wind energy to intensify its flexibility against all challenges that are faced by the oil and gas (O&G) industry. Datuk Seri Mustapa Mohamed, the Minister in the Prime Minister’s Department (Economic Affairs) […]
Saudi Aramco, the state-owned oil company of the Kingdom of Saudi Arabia announced the expansion of its flagship localization program to boost domestic supply chains and to increase local content. It is a notable milestone in the company’s In-kingdom total value Add (iktva) program, through Industrial Investment Program (IIP) the company includes the expansion for […]
According to United Nations, COVID-19 pandemic is pushing the number of people in need of humanitarian assistance to unprecedented levels and in one year the ranks of extreme poverty has increased dramatically. In its Global Humanitarian overview 2021 the United Nations said one in 33 people will need aid to meet basic needs like water, […]
Lufthansa’s Boeing 777F aircraft has operated it’s first-ever 100% carbon neutral cargo flight, from Frankfurt Germany using only Sustainable Aviation Fuel (SAF). The air freight flight and logistics service provider transported goods from Siemens Healthineers AG. Sustainable Aviation Fuel refers to synthetic kerosene. It is mainly produced from biomass, such as sustainable or recyclable vegetable […]
The European Commission has fined the pharmaceutical companies Teva and Cephalon a total of €60.5 million for a ‘pay for delay’ agreement, for several years. The fines imposed by the European Commission on Teva and Cephalon are €30 million and €30.5 million respectively. According to EC the antitrust rules were violated by the agreement and […]
