Louisiana oil companies face challenges trying to ramp up production: ‘We’re doing all we can’ The White House has banned all Russian oil and gas imports, but ramping up U.S. production is not that simple. Companies not only need hundreds of thousands of dollars to get equipment back up and running, they also need the manpower. LAFAYETTE, La. – Oil […]

Norwegian telecom company Telenor ASA (TELNY.PK,TELN) announced Friday that the Myanmar Investment Commission has given final regulatory approval to the sale of Telenor Myanmar to M1 Group. The regulatory approval requires M1 Group to have a local majority owner in the ownership of Telenor Myanmar following the deal closure. Telenor expects to close the transaction as soon as possible. The […]

Biden admin not making energy independence a priority ‘concerning’: Tiana Lowe Washington Examiner commentary writer Tiana Lowe weighs in on the Biden administration’s response to sky-high oil prices. During an interview on "Mornings with Maria" Washington Examiner commentary writer Tiana Lowe called out the Biden administration for not making energy a prime concern. OIL PRICES CONTINUE TO RALLY, BRENT HITS […]

Biden is still buying crude oil from Putin, US is being ‘conned’: John Catsimatidis Red Apple Group Chairman and CEO John Catsimatidis argues that Biden releasing oil from reserves is the ‘dumbest thing’ he’s ever heard. John Catsimatidis, the billionaire owner and CEO of New York City supermarket chain Gristedes, who is also in the oil industry, reacted to U.S. […]

Nord Stream 2 ‘isn’t as relevant to Russia’ if Putin invades: Oil industry expert American Petroleum Institute President and CEO Mike Sommers says Russia can gain access to Ukraine’s pipeline infrastructure, entering the EU energy markets. American Petroleum Institute President and CEO Mike Sommers told FOX Business on Wednesday that the Nord Stream 2 pipeline delay won’t be as detrimental […]

400 Novartis employees to lose jobs due to resulting role redundancies Novartis India Ltd. (NIL) has entered into an exclusive sales and distribution agreement with Dr. Reddy’s Laboratories for a few of its established medicines, which includes the Voveran range, the Calcium range, and Methergine. The move to bring together the manufacturing and development synergies of NIL with the sales […]

NCR witnessed the most notable change in new project typologies. Vertical growth, one of the most defining characteristics of urbanisation in India over a decade, has become the latest COVID-19 ‘casualty’. Latest research by Anarock reveals that among new projects started since 2019, the share of high-rises had shrunk to 52% in 2021 against 63% in the pre-Covid year. Of […]

Texas cities see job, economic growth thanks to lenient pandemic policies FOX Business’ Connell McShane reports just outside Austin, Texas, where business owners say outsider are ‘coming in troves.’ Texas’s power grid appeared to hold firm during a recent winter storm roughly a year after a devastating freeze caused millions to lose power and cost hundreds of lives.   "The […]

“Holistic approach will be required to ensure availability of digital infrastructure in building complexes” Telecom regulator TRAI will soon come up with recommendations that will facilitate in improving telecom connectivity, especially 5G when it is rolled out, a top official has said. Telecom Regulatory Authority of India (TRAI) chairman P.D. Vaghela during a virtual event organised by Digital Infrastructure Providers […]

Jio started commercial roll out of fixed line broadband service, JioFibre, in September 2019 In about two years of commercial roll out of its fixed-line broadband services, Reliance Jio has toppled 20-year-old State-run telecom company BSNL as top service provider in the segment. According to a monthly telecom subscribers report released by the Telecom Regulatory Authority of India (TRAI) on […]