US Treasury Secretary Janet Yellen says the US government and its partners are leading efforts to stabilize global energy prices by introducing a cap on the price of Russian oil, which should help mitigate further price shocks in emerging economies and reduce Russian revenues. Although the policy is in the early stages of implementation, the US Treasury estimates that it could mean annual savings of about $6 billion for the 17 African net oil-importing countries. Speaking at an agricultural site supported by the Green Climate Fund in Zambia on January 24, Yellen explained what the fund, the World Bank and…
Author: Automotivedealernews.com
You may be driving and notice the airbag light on your dashboard, which means it’s time to diagnose your airbag system. If the airbag light is on in your GM vehicle, find out a common cause of this problem and how to fix it yourself with these tips. Meaning of the airbag light on If the air bag light is on in your vehicle, this means that the air bag does not deploy during a collision. If you have a GM vehicle with this problem, the air bag light is usually activated due to a problem with an air bag…
Oil struggled to find a bid after recent comments from the Federal Reserve spurred traders to shun energy and pour money into interest-rate-sensitive stocks. Crude oil broke out of a recent pattern of subsequent moves in the stock market. After the Fed said on Wednesday it had made progress in reducing inflation, equity traders have piled into technology stocks and other rate-sensitive investments. That has left oil struggling for traction as the commodity’s fundamentals are not improving quickly enough to change trader sentiment. “Overall, commodities have moved lower as the ‘growth’ trade resumes,” said Rebecca Babin, senior energy trader at…
If your windshield continues to fog up or you have a sweet smell in your car’s vents, there may be a problem with your heater core. Follow these tips to find out why this happens and how you can fix and prevent a foggy windshield or sweet smell in your car. Diagnosis and Fix: Windshield keeps misting and/or sweet smell from car vents How a heater core can cause a foggy windshield or a sweet smell in your car Heater core It’s common for a bad heater core to cause problems like a fogging up windshield. The heater core connects…
Energy services provider Expro has signed a long-term production solutions contract with Eni Congo, a subsidiary of multinational energy company Eni, for a liquefied natural gas (LNG) pretreatment facility in the Republic of Congo. The ten-year contract is expected to generate more than $300 million in revenue for Expro. Expro will design, build, operate and maintain a fast LNG onshore pretreatment (OPT) facility, part of the Marine XII development offshore the Republic of Congo. The facility will be built near the Litchendjili gas plant, which supplies gas to the adjacent Centrale Electrique du Congo (CEC) power plant in Pointe-Noire, and…
If you have a misfiring engine or one of these other symptoms of a bad MAF sensor shown in this video, follow these steps to inspect the mass airflow sensor. Symptoms of a bad mass air flow (MAF) sensor If the MAF sensor is dirty or damaged, it will not send accurate readings to the computer. Failure to replace a damaged MAF sensor can cause problems with other parts such as the catalytic converter. Symptoms of a bad MAF sensor include: Decreased fuel economyCheck engine light for a related code such as P0101 to P0104Problems starting the vehicle, such as…
If you have a misfiring engine or one of these other symptoms of a bad MAF sensor shown in this video, follow these steps to inspect the mass airflow sensor. Symptoms of a bad mass air flow (MAF) sensor If the MAF sensor is dirty or damaged, it will not send accurate readings to the computer. Failure to replace a damaged MAF sensor can cause problems with other parts such as the catalytic converter. Symptoms of a bad MAF sensor include: Decreased fuel economyCheck engine light for a related code such as P0101 to P0104Problems starting the vehicle, such as…
“Top-tier rock, massive scale and ever-improving efficiency” — that’s the mantra of the Permian’s biggest E&Ps, many of which have only increased their weight in the pandemic/post-pandemic era by acquiring production complementary and intermediate assets of private equity funds and legacy oil and gas families. Yes, it’s either/or time in the US’s leading oil and gas basin: Either you scale up, increase the acreage you control and increase your free cash flow (and share buybacks and dividends), or accept your target as a -ran or, if you’re lucky, an acquisition target. Last week, Matador Resources announced a $1.6 billion deal…
Decom Engineering (Decom) has secured a number of contracts in early 2023, heralding a positive year for the company. Decom noted that the contracts are worth more than seven figures, with the company agreeing work in Africa, Norway, Thailand and Singapore, and strengthening ties with an existing client in Malaysia. Decom, based in Scotland and Northern Ireland, will mobilize several chop saws and support personnel during the first quarter to support the decommissioning campaigns in the Gulf of Thailand. And offshore the Democratic Republic of Congo, Decom will provide a C1-24 chop saw with hot stab functionality to assist in…
Natural gas and helium producer Renergen is preparing for a possible initial public offering (IPO) in American depositary shares (ADS) and listing on the Nasdaq Stock Market this year, subject to market and other conditions. To raise the equity financing required for Phase 2 of its Virginia Gas Project in the Free State Province of South Africa, Renergen is preparing a circular to shareholders in which Renergen will seek approval to issue additional shares through a specific issue of shares for cash. However, the company confirmed on January 31 that the timing, the number of ordinary shares represented by the…