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2014-04-04 18:32:00

SHELL FINES

SHELL FINES

TT. A US Coast Guard report has concluded that authorities should consider hitting Shell with penalties over the grounding of an oil drilling rig in the Gulf of Alaska in 2012.
The 152-page report, released late on Thursday night, blamed poor risk assessment and management as reasons why the Kulluk broke away from its tow vessel in late December 2012 and ran aground four days later on Sitkalidak Island, near Kodiak.
It also stated that Alaska's tax laws influenced the decision to tow the Kulluk to Seattle. Shell believed the drill vessel would have qualified as taxable property on January 1, 2013, if it was still in Alaskan waters.
The report came 10 months after a Coast Guard hearing in Anchorage into the causes of the accident. The Kulluk broke free of a custom-made vessel, called the Aviq, that was towing it during a storm. Numerous attempts by the Aviq and the Coast Guard to bring the Kulluk under control failed. The report stated that the master of the Aviq emailed the tow master with his concerns nine days before the incident.
"To be blunt, I believe that this length of tow, at this time of year, in this location, with our current routing guarantees an ass kicking," he wrote.

Tags: SHELL, ALASKA

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2018, February, 16, 23:15:00

DEWA INVESTS $22 BLN

AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.

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2018, February, 16, 23:10:00

TRANSCANADA NET INCOME $3.0 BLN

TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.

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2018, February, 16, 23:05:00

RUSSIAN NUCLEAR FOR CONGO

ROSATOM - February 13, 2018, Moscow. – ROSATOM and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo today signed a Memorandum of Understanding on cooperation in the field of peaceful uses of atomic energy.

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2018, February, 16, 23:00:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.

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