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Bittersweet US methane fee: A softer bill but it could still cost O&G firms close to $1 billion in 2025

AJOT | November 09, 2021 | Energy

The ‘methane fee’, a part of the amended text of the Build Back Better Act released by the House Rules Committee in the US, could cost the petroleum and natural gas industry $1.3 billion in 2025 under a status quo scenario, a Rystad Energy analysis shows. Although the latest draft bill relaxes some of the previously proposed regulations, the latest iteration will still have a profound economic impact, especially on smaller onshore producers.

EBE Technologies adds optical character recognition feature to its mobile solution

AJOT | November 09, 2021 | Maritime | Technology

ExxonMobil and PETRONAS to study carbon capture and storage in Malaysia

AJOT | November 09, 2021 | Energy

Lufthansa returns to bond market as travel bookings pick up

Bloomberg | November 09, 2021 | Air Cargo | Airlines

FMC Bentzel and Sola letter to Secretary Yellen requesting a CFIUS review of the attempted acquisition of Ports America by the Canadian Pension Plan

AJOT | November 09, 2021 | Ports & Terminals

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Biden commerce chief says U.K., Japan steel talks to start soon

Bloomberg | November 09, 2021 | International Trade | Commodity

The U.S. expects to begin talks with the U.K. and Japan aimed at addressing the nations’ objections to steel and aluminum tariffs “reasonably soon,” and any solution must protect the American industries, President Joe Biden’s commerce chief said.

Hard Brexit talk returns as U.K. eyes suspending Northern Ireland deal

Bloomberg | November 09, 2021 | International Trade

Boeing vaccine backlash builds as 11,000 workers seek exemption

Bloomberg | November 09, 2021 | Air Cargo | Airlines

British Airways to hire 4,000 in reversal of Covid era cuts

Bloomberg | November 09, 2021 | Air Cargo | Airlines

US, Japan join nations urging delay to China food import rules

International Trade

Bloomberg | Top Story | November 09, 2021

US, Japan join nations urging delay to China food import rules

Several countries including Japan, the U.K. and the U.S. are urging Chinese customs officials to pause the rollout of regulations on food imports, arguing the measures risk further disrupting global supply chains.