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The serious incident development in Equinor has improved in the third quarter of 2022, compared to our second quarter reporting. The personal injury frequency during the past 12 months is flat. No incidents with major accident potential have been recorded in the third quarter. The serious incident frequency, SIF, (number of serious incidents per million hours worked) was 0.4 at the end of the third quarter of 2022. More than half of these incidents were related to dropped objects. The total recordable injury frequency, TRIF, (number of injuries requiring medical ...

Labour leader Keir Starmer has committed to overturning the employment loopholes that enabled P&O Ferries to unlawfully sack 786 seafarers within the first 100 days of a Labour government. The pledge was made in response to a question from Nautilus International at the Trades Union Congress in Brighton. Nautilus senior national organiser Garry Elliot asked Mr Starmer whether a labour government would legislate to enable injunctive relief for unions to prevent employers from summarily dismissing workers without consultation with unions. P&O Ferries sacked 786 seafarers without notice or consultation via ...

ABSG Consulting Inc. (ABS Consulting), a leading global operational risk management company, has collaborated with GDS Global Ltd. (Gliderol), a leading provider of commercial and industrial door and shutter solutions in Singapore and the South East Asia region, to develop and test the first ever blast mitigating roller shutter door. This effort combines Gliderol’s unique design specifications with ABS Consulting’s global blast mitigation expertise. Concept development began in February 2019, with final testing concluding in Quarter 1 of 2022, resulting in approved performance levels that now officially classify the roller ...

The AG complex has started the week on an active foot for VLCCs, with good amounts of fresh activity for the first decade of November

South African state logistics group Transnet said on Friday that force majeure had been lifted with immediate effect at its automotive, bulk and multi-purpose terminals, after a strike over a wage dispute ended earlier this week. Transnet workers went on strike for nearly two weeks from Oct. 6, paralysing freight rail and port operations and throttling exports from Africa’s most advanced economy. But Transnet said on Friday that backlogs and the related impact on operations meant force majeure at its port container terminals remained in place, with the company anticipating ...

The Biden administration on Thursday said it will hold a Gulf of Mexico drilling auction in March of next year to satisfy a requirement in the government’s new climate change law. The Bureau of Ocean Energy Management (BOEM) will offer all of the available unleased acreage in the Gulf outer continental shelf on March 29, it said in a sale notice posted online. Sealed bids are due a day before the auction. The sale would be the first Gulf of Mexico oil and gas auction mandated under the Inflation Reduction ...

Argentina’s wheat crop is seen sliding again due to prolonged drought plus a recent cold snap, with a grains exchange slashing its production forecast for the main bread and pasta ingredient by nearly 8% in the second downward revision over the past week. The current 2022/2023 wheat crop is estimated at 15.2 million tonnes, down from last week’s forecast of 16.5 million tonnes, the Buenos Aires Grains Exchange (BdeC) said in its weekly report on Thursday. Agricultural powerhouse Argentina is one of the world’s top wheat exporters, as well as ...

Oil prices settled up on Friday as hopes of stronger Chinese demand and a weakening U.S. dollar outweighed concern about a global economic downturn and the impact of interest rate rises on fuel use. To fight inflation, the U.S. Federal Reserve is trying to slow the economy and will keep raising its short-term rate target, Federal Reserve Bank of Philadelphia President Patrick Harker said on Thursday in comments that weighed on oil. But crude is gaining support from a looming European Union ban on Russian oil, as well as the ...

The U.S. dollar tumbled against the yen on Friday, logging its biggest daily drop against the Japanese currency in more than two months as traders and strategists said Japanese authorities may be in the market to stem a slide in their battered currency. The yen rose as high as 144.5 per dollar on Friday, before paring gains to trade up about 1.4% at 148.195, its biggest daily jump since August 10. “I think it’s intervention,” Karl Schamotta, chief market strategist, at Corpay in Toronto, said. “We are seeing lots of ...

Owners of Britain’s largest malls, skyscrapers and industrial hubs face hikes in borrowing costs and a recession that could depress prices by up to a fifth, forcing lenders and investors to reassess their appetite for commercial property. Developed economies globally are grappling with far-reaching consequences of an end to years of ultra-loose monetary policy, which kept asset prices high and the cost of debt low. So far, nowhere has the shock of this reversal hit harder than in Britain, where clashes between policymakers on how to revive growth and halt ...

Chicago corn, wheat and soybean futures edged lower on Friday as a sharp rise in the dollar tempered export sentiment, while traders continued to monitor talks to prolong a wartime shipping corridor for Ukrainian grain. The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 was down 0.7% at $13.82 a bushel by 1120 GMT. CBOT wheat gave up 1.1% to $8.39-3/4 a bushel while corn Cv1 lost 0.5% to $6.80-3/4 a bushel. Soybeans had climbed on Thursday after the biggest weekly U.S. export sales in a year ...

Benchmark iron ore prices in Singapore rose on Friday after hitting 2022 lows in the previous session, but the market was on track for a sixth straight weekly fall on worries about global demand prospects. In top steel producer China, the steelmaking ingredient also rebounded from its lowest in more than six weeks on the Dalian Commodity Exchange, after traders initially shrugged off an unconfirmed report about an easing of COVID-19 curbs. “We believe that this relaxation will not be enough to attract many foreigners to enter the country, as ...

British retail sales volumes fell by a bigger-than-expected 1.4% in monthly terms in September, official data showed on Friday, as consumers felt the hit from rising prices. September’s data was also affected by a one-off public holiday to mark the funeral of Queen Elizabeth when many retailers closed, the Office for National Statistics said. Economists had expected retail sales to fall 0.5%. Consumers have been reining in their spending with inflation hitting 10% and they also face the prospect of a tighter squeeze on their spending power in 2023 after ...

Germany’s 2022 harvest of corn (grain maize) will fall 20.2% on the year to an estimated 3.54 million tonnes, Germany’s association of farm cooperatives said on Wednesday in a harvest report. Germany’s corn has suffered from the prolonged drought and heatwave in the country this summer, it said. Other European corn harvests, especially in France, also suffered from extreme drought this summer. Globally tight corn supplies are expected with crop estimates also being cut in the United States, the association said. With the small crop in Germany, traditionally a corn ...

The road to zero carbon will see an extraordinary build-out of low-carbon electric vehicles (EVs) and renewable power-generating capacity. And as the world reduces its dependence on hydrocarbons, metals will be a linchpin of a zero-carbon economy. Copper – in the form of wire, cable and foil – will bind and connect the batteries, motors and electrical networks that will help limit the rise in global temperatures. However, the pull on the world’s resources to achieve this structural change will be transformational, dwarfing the demand increases we have seen over ...