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Subsidiaries of Royal Dutch Shell plc (NYSE: RDS.A) have reached an agreement for the sale of the Mobile Chemical LP Refinery in Alabama to Vertex Energy O.
by Bloomberg
|Thursday, May 27, 2021
Indian energy demand is taking a big hit as Covid-19 runs rampant across the country.
(Bloomberg) Indian energy demand is taking a big hit as Covid-19 runs rampant across the country. But uncertainty around when the virus wave will subside and the lack of a unified government response has left the oil industry in the dark as to how quickly consumption might pick up again.
The demand destruction over the last couple of months has been less severe than last year, when the government imposed the world’s biggest national lockdown. However, the lack of a coordinated effort to shut down activity to halt the virus’s spread will likely lead to a longer, although less pronounced, economic slump.
It represents a shift from a long-held system of voluntary guidelines and self-reporting.
(Bloomberg) Pipeline operators who fail to report cybersecurity attacks to the Department of Homeland Security could face fines of $7,000 a day or more under regulations being released Thursday in response to the ransomware attack that temporarily paralyzed the nation’s biggest fuel pipeline.
The so-called security directive being issued by Homeland Security will be followed in the near future by an additional set of rules for pipeline operators, according to senior department officials who asked not to be identified.
The new mandates, a shift from a long-held system of voluntary guidelines and self-reporting, is in response to the ransomware attack on Colonial Pipeline Co.