Nobody was wounded when Reliance's shiny new FPSO ran aground off the east coast.

Off the east coast, Reliance Industries Ltd.'s brand new floating manufacturing system had a minor collision with a barge, but the business reported on Sunday that no one was wounded and the project was continuing as planned.

While traveling to the deep-water MJ gas condensate devel...

MOL Tankers Turned 50

The ocean shipping sector began to detect a trend toward specialisation in the 1960s, which resulted in boats committing themselves to hauling particular types of cargo. This trend was first observed in the shipping business. This pattern is still typical in today's society. During the same t...

Thai Business Funds Traveloka

Investment will be provided by PTTOR International Holdings Pte. Ltd. in Singapore, which is a subsidiary of PTT Oil and Retail Business (OR), for the online travel startup Traveloka, which is based in Jakarta. The PTT Oil and Retail Business (OR) is a significant player in the petroleum and gas ...

Project Dh22b Borouge-4 progress is being made

According to Borouge, the project is on schedule to be finished by 2025 as early work has already begun.

With the engineering, procurement, and construction (EPC) contractors starting work soon, the Dh22 billion Borouge-4 project in Ruwais, which was initiated early this year by Adnoc a...

As industry seeks access to renewables, the global oil and gas map is changing

According to consulting firm Wood Mackenzie Ltd., the oil industry's relationship with renewable energy is reshaping the global oil map.

According to Andrew Latham, vice president at Wood Mackenzie, in a new report, oil majors that want to reduce their carbon footprint will need to ...

MIZUHO BANK EXECUTIVES TO TAKE PAY CUTS OVER ATM SYSTEM FAILURE

Highlights –

• Mizuho Bank executives to take pay cuts over ATM system failure.
• Mizuho Group’s President and Group CEO Tatsufumi Sakai and 10 other executives will take pay cuts.
• Mizuho Bank will recruit executives from IBM Japan ...

MIZHUO BANK ATM FAILURE DUE TO POOR OPERATION & MANAGEMENT

Highlights –

• Mizhuo Bank ATM failure due to poor operation & management.
• A third-party panel concluded the same on Tuesday.
• The panel consisted of lawyers and system management experts.
• On Feb. 28, its systems were over...

JAPAN’S SAPPORO BREWERIES TO SELL YEBISU BEER IN SINGAPORE

Highlights –

• Japan’s Sapporo Breweries to sell Yebisu beer in Singapore.
• The brewer hopes to capitalize on strong demand for Japanese-brand products among local consumers.
• The company will sell the 350-mililiter Yebisu can.
...

DATA BREACH IN THE ORGANIZING COMMITTEE OF TOKYO OLYMPICS

Highlights –

• Data breach in the organizing committee of Tokyo Olympics.
• It happened through unauthorized access to an information-sharing tool developed by Fujitsu Ltd.
• The leaked information included names, business titles, and affil...

KAWASAKI’S ROBOT SYSTEMS CAN CONDUCT AROUND 2,500 PCR TESTS

Highlights –

• Kawasaki’s robot systems can conduct around 2,500 PCR tests.
• Kawasaki aims to have 50 of such systems installed by the end of March 2022.
• The system shortens the time from taking the samples to delivering the result...

SUMITOMO WARNED FOR LEAKING BLUEPRINTS OF SDF WEAPON TO CHINA

Highlights –

• Sumitomo warned for leaking blueprints of SDF weapon to China.
• The Ministry of Economy, Trade and Industry issued the warnings on April 28 to the company.
• A subcontracted firm by Sumitomo Heavy leaked blueprints of a mili...

APOLLO TYRES REPORTS HUGE RECOVERY IN MARCH QUARTER EARNINGS

HIGHLIGHTS

• Due to lockdown caused by COVID-19 pandemic, many businesses faced losses.
• Apollow Tyres have reported huge recovery in MAR quarter of this year.
• Apollo Tyres witnessed a sharp 61.69% increase in raw material cost during this qua...

JBCPL NOW HAS A PRESENCE IN INDIAN NEPHROLOGY SEGMENT

HIGHLIGHTS

• J.B. Chemicals & Pharmaceuticals Ltd. (JBCPL) enters the Nephrology segment in India
• RENOVA division of JBCPL caters to the needs of Chronic Kidney Disease patients in India.

J.B. Chemicals & Pharmaceuticals Ltd. (...

HUAWEI’S Q1 REVENUE FELL 16.5% TO $23.5 BILLION

Highlights –

• Huawei’s Q1 revenue fell 16.5% to $23.5 billion.
• The company attributed the decline to lower revenue for its consumer unit.
• It is struggling to hold onto its global market share after U.S. sanctions that devastated ...

LG CHEM’S NET PROFIT INCREASED TO $1.2 BILLION IN Q1

Highlights –

• LG Chem’s net profit increased to $1.2 billion in Q1.
• In Q1 the company’s operating profit jumped 584 percent on-year to 1.4 trillion won.
• LG Energy Solution Ltd. reported 4.2 trillion won in sales and 341.2 b...

MENG’S DEFENSE TEAM TO ASK CANADIAN COURT TO DELAY UPCOMING HEARINGS

Highlights –

• Meng’s defense team to ask Canadian court to delay upcoming hearings.
• The Huawei CFO’s case lasted more than two years.
• Meng’s upcoming hearing is scheduled to be in the British Columbia Supreme Court on...

LG ENERGY & GM TO BUILD EV BATTERY FACTORY IN THE U.S

Highlights –

• LG Energy & GM to build EV battery factory in the U.S.
• LG Energy Solution will spend 1.06 trillion won for building the factory.
• The total investment for the new EV factory is expected to be worth 2.7 trillion won.

ALIBABA EXPECTS NO MATERIAL IMPACT AFTER BEING FINED $2.75 BILLION

Highlights –

• Alibaba expects no material impact after being fined $2.75 billion.
• Alibaba was fined by China’s antitrust regulator for abusing market dominance.
• Alibaba Group Holdings Ltd shares rose as much as 9% in Hong Kong tr...

SK TO SETTLE OVER EV BATTERY DISPUTE WITH LG BY PAYING $1.78 BILLION

Highlights –

• SK to settle over EV battery dispute with LG by paying $1.78 billion.
• The U.S. ITC sided with LG in a trade secret case and had issued a 10-year import ban on SK.
• The settlement now averts the import ban that was initiall...

CATL TO BUY CHINA MOLYBDENUM CO.’S KISANFU COPPER-COBALT MINE

Highlights –

• CATL to buy China Molybdenum Co.’s Kisanfu copper-cobalt mine.
• Ningbo Brunp CATL New Energy Co will take 25% in Moly unit KFM Holding Limited.
• Moly is said to retain 75% of KFM and future production.
• Kisa...