Latest News
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EU agency says cleaning process might be connected to Cathay Pacific A350 engine fire
Europe's air travel regulator on Thursday linked a recent engine fire on a Cathay Pacific Plane A350 to a possible problem with the maintenance of its RollsRoyce engines. The European Union Aviation Security Agency (EASA) previously this month bought airlines to carry out visual examinations on Rolls-Royce XWB-97 engines after the occurrence including a. Zurich-bound Plane A350-1000 on Sept 2. In-service and in-shop examinations since then have. determined that a particular cleaning process available during. engine repair may lead to sustain manifold primary fuel hose pipe. degradation, the company stated in a declaration. The statement came after Hong Kong detectives. validated they had found hole in a fuel hose pipe after dripping fuel. ignited in one of the Rolls-Royce engines of a Cathay. Pacific Airbus A350-1000 jet, forcing it to. reverse to base. Nobody was hurt in the event. Their initial report also stated the examination - which has. not been finished - would vary from style to production,. setup and upkeep and that authorities would look for. more details from makers and upkeep shops. Responsibility for the detailed analysis lies with the Hong. Kong authority whose investigation is continuing. In a revised bulletin, EASA broadened the scope of its earlier. call for engine checks to include all designs of A350 jet that. had currently been through a certain variety of maintenance gos to. However it reduced the step by dropping its modified. airworthiness regulation out of the most severe emergency. category, suggesting it is less worried about an immediate. safety threat. Experts have stated the visual checks and measurements of. parts are not expected to need substantial time or resources.
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Marsh, Tokio Marine Kiln launch port disruption insurance coverage in the middle of shipping mayhem
Broker Marsh and Lloyd's. underwriter Tokio Marine Kiln (TMK) have set up business. disturbance insurance for ports to provide cover against. growing trade disturbance dangers such as risks to shipping in. the Red Sea, executives involved said. Ports across the globe are handling multiple problems that. are interfering with flows of products, including attacks by Yemen's. Houthis on business shipping along with the danger of strikes at. terminals in the United States. Recent geopolitical turmoil has actually exposed a clear gap in the. standard cover available to ports and other freight centers. The hazard posed by conflict has rendered numerous established. paths impassable, Ed Parker, head of special dangers at TMK,. said. The new insurance facility, which the business said was the. initially of its kind, will offer conceal to a limit of $50. million per event. This center has no geographical limitation as to where the. disturbance event might happen. For instance, ports in the. U.S. are interested in trade interruption losses if China. invades/blockades Taiwan or a port in Singapore might have. issues if the Suez Canal was obstructed for an amount of time,. Louise Nevill, CEO of UK Marine at Marsh Specialty, informed. Reuters. Nevill said the gap in cover for these threats was evaluated. after business suffered losses from the Red Sea attacks. The standard ports and terminals policies would not react. to these events as there was no physical damage or indeed. berth obstruction yet they were suffering considerable losses of. income, she said. Nevill added that they had received interest currently from. U.S. West Coast ports looking at possible disturbance off. Taiwan, as well as ports in the Middle East due to geopolitical. risks. In the last couple of years, we have seen substantial interruption. events happening, whether it is war in Ukraine, the Ever Offered. ( container ship) blocking Suez, increased hurricanes and. typhoons and naturally an around the world pandemic, she stated. These 'as soon as in a life time' events are taking place on a. regular basis..
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Glencore inks 20-year non-binding deal with Commonwealth LNG, Kimmeridge
Commodities huge Glencore has signed a nonbinding arrangement to buy 2 million tonnes per annum of liquefied gas from Commonwealth LNG along with comparable natural gas supply from Kimmeridge Texas Gas, the business stated on Thursday. The 20-year supply agreement is anticipated to be finalized among all parties by the 4th quarter. In June, private equity company Kimmeridge increased its stake in Commonwealth LNG to over 90% through its unit KTG. The U.S. LNG market is experiencing a boom, with the country exceeding Qatar as the world's top exporter, as new innovation allows shale manufacturers to tap enormous reserves and assist wean Europe off Russian gas while offering Asian buyers with a. greener alternative for power generation. Glencore has formerly signed LNG handle other U.S. energy firms, including Marathon Oil and Cheniere Energy, as part of its method to broaden its. existence in the LNG market . Commonwealth prepares to thumbs-up its LNG export center in. Cameron, Louisiana, by the very first half of 2025, with commercial. operations expected to begin in 2028. Nevertheless, a U.S. court ordered federal regulators in July to. reassess the impact of greenhouse gas emissions from the job. after environmental groups submitted a suit declaring the problem. was not effectively resolved.
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Cyprus wants more guarantees on prepared electrical cable television link to Greece
Cyprus declared its commitment to a prepared electric transmission cable television to Greece however stated on Thursday that technical and monetary information required to be straightened out before it could sink more funds into the job. The so-called Great Sea Interconnector seeks to connect the power grids of Greece via Crete, Cyprus and eventually Israel in a task costing 2.4 billion euros ($ 2.67 billion). The Greece-Cyprus area is approximated at 1.9 billion euros. The project to build what would be the world's longest and inmost undersea power cable television has been the source of some uncommon discord between the two historic allies, with Cyprus holding out for assurances on the practicality of the task, while Greece desires an offer wrapped up promptly. The concern was gone over at a conference between Greek Prime Minister Kyriakos Mitsotakis and Cypriot President Nikos Christodoulides in Athens on Thursday. Christodoulides ensured Mitsotakis of Cyprus's political commitment and of taking a stake in the share capital of the project once a due diligence report had actually been completed, a. declaration from the Cypriot Presidency stated. It stated Cyprus likewise expected to see the formation of a. special-purpose automobile, for which advanced consultations were. underway with 3rd countries, which it did not name. Nicosia on Tuesday said it would contribute 25 million euros. every year over a five-year period towards the cable, however did not. define that it would sink money into its share capital,. triggering some consternation in Athens. We are optimistic ... that there will be a positive outcome. relating to the financial element, because this is the concern, this. is the element of the specific project that is being gone over,. Greek federal government representative Pavlos Marinakis stated.
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Ukraine consents to transit Azerbaijani gas after Gazprom offer ends, report says
Ukraine has accepted transit Azerbaijani gas to Europe as a temporary procedure after it ends a. transit deal with Russia, although it expects some Russian. gas will be included in the volumes, the Ukrainska Pravda news. outlet said on Thursday. Ukraine's gas transit deal with Russia's Gazprom. is due to expire at the end of this year and Kyiv has said it. doesn't wish to renew it in the middle of the war in between the two countries. However, some central European countries still depend on gas. from Russia that crosses Ukraine in a pipeline - having secured. an exemption from a European Union ban on Russian gas imports -. and they are keen to continue receiving products. An Azerbaijani authorities has stated the EU and Kyiv have asked. Baku to help with conversations with Russia, with one capacity. choice that Azerbaijan may purchase Russian gas for itself in order. to free up a few of its own gas to export to the EU. We comprehend that the EU needs time to totally abandon. Russian gas. And we are taking this step to make this transition. simpler for the EU, Ukrainska Pravda priced estimate a source in the. Ukrainian government as stating. It included that Ukraine was prepared to back this arrangement. although some Russian gas may be mixed with Azerbaijani gas. Ukraine's energy ministry decreased to comment. Azerbaijani President Ilham Aliyev stated last week he was. positive of an advancement in speak to keep gas flowing. through Ukraine to several European countries.
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Lebanon bans pagers, walkie-talkies from flights
Lebanese authorities on Thursday prohibited walkietalkies and pagers from being handled flights from Beirut airport, the National News Agency reported, after thousands of such devices exploded throughout a fatal attack on Hezbollah this week. The Lebanese civilian aviation directorate asked airlines running from Beirut to inform guests that walkie-talkies and pagers were prohibited until more notification. Such gadgets were likewise banned from being shipped by air, the Lebanese state news agency reported. A minimum of 37 people were killed and more than 3,000 injured when pagers and walkie-talkies utilized by Hezbollah members blew up in 2 waves of attacks on Tuesday and Wednesday. Lebanon and Hezbollah, a heavily armed group backed by Iran, say Israel carried out the attack. Israel has actually not declared obligation. The Lebanese army stated on Thursday it was exploding pagers and suspicious telecom devices in regulated blasts in various locations. It got in touch with citizens to report any suspicious devices. Hezbollah and Israel have been trading fire across the Lebanese-Israeli border for nearly a year, in a conflict triggered by the Gaza war.
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Indian refiners collectively working out for 2025 Russian oil supplies, govt source states
Indian refiners are jointly working out to buy Russian oil for next year, a. government source stated on Thursday, with providers mostly utilizing. Russian insurance for crude priced above a $60 per barrel cap. Russia is India's top oil supplier, and the world's 3rd. most significant oil importer and customer is likewise Moscow's top customer. for seaborne oil. Personal refiners in India this year signed yearly deals for. Russian oil materials while state refiners are purchasing from spot. markets. India likewise relies greatly on Middle Eastern manufacturers and. its refiners have yearly oil imports deals with significant oil. producers in the Middle East. The source stated conversations with. Middle Eastern providers for term deal for next year will start. in December. Asked if the Indian business would look for better terms from. oil manufacturers for the import offers, the source stated, numerous. companies have actually brought down their worldwide oil demand price quotes. The negotiations positions would be different from last. year ... In a nation where need increases and in a world where. need is decreasing, you can draw your own conclusion. Oil Minister Hardeep Singh Puri on Wednesday stated India. will continue to purchase Russian oil from non-sanctioned entities,. given that rates are low-cost. Russian insurance providers are playing a growing function helping with the. nation's oil shipments to India, its greatest purchaser, Reuters. reported on Wednesday. By utilizing Russian insurance providers, Moscow can offer the oil above a. $ 60 per barrel price cap that the Group of Seven (G7), the. European Union and Australia imposed aiming to restrict Russia's. oil income following its invasion of Ukraine. Often, even if the price is at borderline or near the. price cap, then also the sellers do not want to take a danger and. usage Russian insurance ... If the freight is below $60 dollars then. it can be covered by western insurance companies, the source said. Indian refiners utilize Emirati Dhirams and United States dollars to pay. for Russian oil purchase. Russian oil which is below $60, the. payment is occurring in dollars, he said, adding in the past. Indian refiners likewise used Rupees and Chinese Yuan to settle some. payments.
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Georgia's new nuclear plants drive US power sector clean-up: Maguire
New nuclear power plants in Georgia have assisted flip the state's power mix so that electricity from clean energy sources has actually exceeded nonrenewable fuel source electrical energy output for the very first time. Georgia's higher nuclear generation has in turn assisted to slash the carbon intensity of power generation within the Southern Providers power system, which produces electrical energy and power for the majority of Georgia, Alabama and parts of Mississippi. The generation mix turnaround and drop in power emissions demonstrate the effect that a broadened nuclear fleet can have on energy systems, despite the significant cost overruns and construction delays that beleaguered the Georgia reactors. LONG TIME COMING The Vogtle Electric Getting Plant in Waynesboro, Georgia is the biggest nuclear plant in the United States, with a power generating capability of 4,536 megawatts (MW). The first 2 reactor systems got in production in the late 1980's, and in between 2012 and 2022 generated around 27% of Georgia's electrical power, according to data from Ember. Considering that the start of 2023, that nuclear generation share has climbed to 30% thanks to the start-up of the last 2 reactors at the Vogtle site. Preliminary building and construction on the last 2 reactors - Vogtle 3 and Vogtle 4 - started in 2009, and were originally slated to cost around $14 billion, according to a Vogtle Construction Keeping track of report. However, a series of advancement hold-ups and enormous cost overruns suggested the final reactors just went into production within the last 18 months, nearly 15 years after project commencement. The last costs for systems 3 and 4 was over $35 billion, according to a report entitled Plant Vogtle: The Real Cost of Nuclear Power in the U.S., provided this year by a group of Georgia customer advocates. The report's authors declare that the last expense of electricity produced by the Vogtle reactors will be $10,784 per kilowatt hour (KWh), which would make it the most costly electricity on the planet. On the other hand, electrical energy produced from wind farms, solar projects and natural gas-fired plants ranges from $1,000 to $ 1,500 per KWh, the report included. UP AND RUNNING Leaving the cost concern aside, the effect of the now completely operational Vogtle plant is starting to emerge. From 2018 through 2022, the Vogtle website created an average of 2,813 gigawatt hours (GWh) of electricity a month for the state of Georgia, around 27% of overall state electricity products according to Cinder. Considering that Vogtle 3 started operations in April 2023, that generation overall rose to approximately around 3,500 GWh a month, and climbed to over 4,600 GWh in May 2024, when Vogtle 4 initially began operating. CHANGING MIX The sharply higher production from atomic power plants has impacted Georgia's electrical power mix in numerous crucial methods. Firstly, the share of generation from nuclear reactors jumped to 37% in May - a complete 10 percentage point above the long-term average - as the Vogtle 4 plant came online. Second of all, the state's overall electricity generation overall reached new highs as more nuclear generation was contributed to the output from other sources. Throughout the January to May duration, Georgia's overall electricity generation was 55,634 GWh, which was a record for that duration and marked a 12.3% jump from the exact same months in 2023, Ember information shows. Thirdly, the higher level of nuclear generation likewise boosted Georgia's overall clean electrical power output levels, which went beyond generation from the state's fossil fuel possessions during March, April and May of this year for the very first time on record. Clean power's share of the Georgia generation mix was a. record 47% for the January to May period, and compares to 41.5%. throughout the same months a year earlier. Continual output from Vogtle 3 and 4 over the remainder of. 2024 might assist press the clean power share of the overall mix. closer to 50%. LARGER IMPACT Vogtle's full ramp-up was also apparent further afield, with. the carbon strength of power production of the Southern Company. Solutions power system stopping by 14% up until now in 2024 from 2023's. average levels. Approximately 427 grams of carbon dioxide were released by the. Southern power system for every single kilowatt hour of electrical power. created so far in 2024, according to Electricitymaps.com. That carbon intensity compares to 440 grams of CO2/KWh in. 2023, and 467 g/CO2/KWh in 2022. For Georgia's power consumers, the high reduction in. emissions per unit of electricity, in addition to higher overall. electrical power materials, are a favourable result of the conclusion. of the Vogtle website. And over the longer term, rising quantities of tidy power. might end up being a more significant aspect of the energy sector than. the last cost of any specific generation property. << The viewpoints expressed here are those of the author, a. writer .>
Colombia government suspends peace talks with ELN rebels
Colombia's federal government has aborted peace talks with leftist rebel group the National Liberation Army (ELN), its peace delegation said on Wednesday, following an attack which eliminated two soldiers and injured more than 2 lots.
The choice is another devastating blow to President Gustavo Petro's cornerstone total peace policy, which sought to eliminate the ELN from its function in the Andean country's six-decades of internal armed dispute.
Today the peace process is on hold. Its viability is significantly lessened and its extension can just go on with an unequivocal demonstration of peace by the ELN, the government peace delegation stated in a post on X.
The government restarted negotiations with the ELN at completion of 2022 and held six rounds of talks with the rebel group in Mexico, Cuba and Venezuela.
The attack which caused the talk with be suspended took place on Tuesday in a rural area of Colombia's Arauca province, which borders Venezuela.
(source: Reuters)