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Sembcorp Marine has announced that the group continues to face Covid-19 supply chain constraints and a shortage of skilled workers.
Sembcorp Marine has announced that the group continues to face Covid-19 supply chain constraints and a shortage of skilled workers.
In a statement posted on its website on Monday, the company said foreign workers who left Singapore over the past year could not return due to ongoing border controls in countries such as India and Bangladesh. The improving Singapore economy has also led to increased competition for foreign labor already in the country, resulting in the attrition of labor to competing industries, Sembcorp Marine noted, adding that the shortage of skilled workers has impacted the execution and scheduled completion of some of its projects.
Total (NYSE: TOT) has signed an agreement with WPD to acquire a 23 percent interest in Yunlin Holding GmbH.
Total (NYSE: TOT) has revealed that it has signed an agreement with WPD to acquire a 23 percent interest in Yunlin Holding GmbH, the owner of the Yunlin offshore wind farm located off the coast of Taiwan.
In exchange for the 23 percent stake, Total outlined that it will pay WPD a consideration based on its share of past costs. Total noted that the acquisition, which is subject to government approval, will broaden the group’s portfolio of offshore wind projects under development and construction.
The billionaire investor also called failed shareholder proposals to produce diversity and climate reports asinine.
(Bloomberg) Warren Buffett delivered a clear verdict Saturday on the state of the U.S. economy as it emerges from the pandemic: red hot.
“It’s almost a buying frenzy,” the Berkshire Hathaway Inc. chief executive officer said during the conglomerate’s annual meeting, which was held virtually from Los Angeles. “People have money in their pocket and they’re paying higher prices,” he said.
Buffett attributed the faster-than-expected recovery to swift and decisive rescue measures by the Federal Reserve and U.S. government, which helped kick 85% of the economy into “super high gear,” he said. But as growth roars back and interest rates remain low, many including Berkshire are raising prices and there is more inflation “than people would have anticipated six months ago,” he said.
An Arctic cold blast that swept through the U.S. South in February caused a much bigger loss in oil supply than previously estimated.
(Bloomberg) An Arctic cold blast that swept through the U.S. South in February caused a much bigger loss in oil supply than previously estimated, with output falling to a three-year low, according to U.S. government data.
Drillers cut oil production by almost 1.2 million barrels a day, the biggest decline since May and far more than the 800,000 barrels a day officials had estimated in early April, according to figures released Friday by the U.S. Energy Information Administration.
India s Covid-19 crisis has pummeled demand for transport fuels to the lowest in several months.
(Bloomberg) India’s Covid-19 crisis has pummeled demand for transport fuels to the lowest in several months, highlighting the risks for energy consumption amid an uneven global recovery from the pandemic.
April sales of gasoline used in cars and motorcycles fell to 2.14 million tons, the lowest since August, according to preliminary data from officials with direct knowledge of the matter. Sales of diesel, a bellwether for economic activity, was a tad higher last month than February, which had two fewer days. Average daily sales of the nation’s most-used fuel in April were the lowest since October.