Forwarded from /CIG/ Telegram | Counter Intelligence Global (FRANCISCVS)
🇨🇳 ❌️ 🇮🇱 Israel Goes Unnamed on China Online Maps
https://www.wsj.com/livecoverage/israel-hamas-gaza-war-latest/card/israel-goes-unnamed-on-china-online-maps-aY5VjRWIlsnSMuASZNF2
https://archive.ph/TXnjI
https://www.wsj.com/livecoverage/israel-hamas-gaza-war-latest/card/israel-goes-unnamed-on-china-online-maps-aY5VjRWIlsnSMuASZNF2
https://archive.ph/TXnjI
Forwarded from Song of Oil and LNG
🇩🇪🔋 Siemens Energy asks for state aid
Siemens Energy is considering closing plants and sales offices.
The German energy equipment supplier has experienced significant quality problems at its wind turbine division, which, combined with potential losses from offshore contracts, has caused its shares to plummet more than 50% since June.
The restructuring will entail layoffs within the company.
Siemens Gamesa, the world's leading manufacturer of offshore wind turbines, operates 79 facilities around the world. Some of these businesses may be shut down in the coming year.
#Siemens #wind #enegry #Germany
@songofoil
Siemens Energy is considering closing plants and sales offices.
The German energy equipment supplier has experienced significant quality problems at its wind turbine division, which, combined with potential losses from offshore contracts, has caused its shares to plummet more than 50% since June.
The restructuring will entail layoffs within the company.
Siemens Gamesa, the world's leading manufacturer of offshore wind turbines, operates 79 facilities around the world. Some of these businesses may be shut down in the coming year.
#Siemens #wind #enegry #Germany
@songofoil
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Such thing happened after the Panamaian Government signed a new 20-year Cobre Panama contract with the Panamaian Government into law just over a week ago with First Quantum Minerals, a Canada-based company.
First Quantum Minerals main investors are the Transnational corporation Blackrock — once its main enemy — and the Chinese Company Jiangxi Copper, its largest shareholder & largest copper producer in Mainland China
The deal would result in First Quantum paying drastically higher Panamanian taxes in exchange of allowing continued operations at the site, the largest copper mine in Central America, under the Canadians, with the company accounting for 4.8% of Panama’s gross domestic product (GDP) in 2021.
Opened in 2019, the open pit Cobre Panama mine, some 120 kilometers (75 miles) west of the capital and 20 km from the Caribbean coast, can produce 300,000 tons of copper per year.
In 2021, Panama's Supreme Court ratified a lower court's ruling that the original concession of mining rights granted to subsidiary Minera Panama until 2037 was unconstitutional. However, despiter it, Negotiations between the government and First Quantum were reopened and finalized earlier this year.
Protesters blocked the streets of Panamá cities, including the capital, to protest against Cortizo Government and asking for the total end of operations by the Canadian company, calling the corporation as "Colonial" and "Imperialist"
Netizens reported that alongside government forces, paramilitaries were spotted among peaceful protesters, firing upon the air to disperse the manifestations
According to local medias, 250,000 people took part on the protests only at the capital
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Forwarded from Song of Oil and LNG
🌍🛢Exxon's CEO Foresees Decrease in Global Oil Supplies
Exxon Mobil Corporation has expressed concerns over dwindling global oil reserves, anticipating a surge in energy prices in the medium term. The oil industry, still reeling from the pandemic's impact, faces a shortage of investment in fossil fuels, exacerbating the depletion of resources.
Exxon's Chief, Darren Woods, stated, "The industry is grappling with the aftermath of the pandemic and the reduced capital infusion, essential to counter the depletion we are witnessing."
OPEC and its allies have curtailed production this year, coupled with projections of slowdown in U.S. shale oil production in the Permian Basin by 2024. Woods pointed out, "There are limited sizable projects in other countries capable of offsetting the anticipated rise in oil demand this year and the next."
He emphasized, "The pace of recovery depends on the global economy; it will take years to build additional capacity."
Woods highlighted Europe's economic challenges, particularly due to the loss of Russian gas, labeling it as "probably the most challenged" continent in this context.
#ExxonMobil #oil #supplies
@songofoil
Exxon Mobil Corporation has expressed concerns over dwindling global oil reserves, anticipating a surge in energy prices in the medium term. The oil industry, still reeling from the pandemic's impact, faces a shortage of investment in fossil fuels, exacerbating the depletion of resources.
Exxon's Chief, Darren Woods, stated, "The industry is grappling with the aftermath of the pandemic and the reduced capital infusion, essential to counter the depletion we are witnessing."
OPEC and its allies have curtailed production this year, coupled with projections of slowdown in U.S. shale oil production in the Permian Basin by 2024. Woods pointed out, "There are limited sizable projects in other countries capable of offsetting the anticipated rise in oil demand this year and the next."
He emphasized, "The pace of recovery depends on the global economy; it will take years to build additional capacity."
Woods highlighted Europe's economic challenges, particularly due to the loss of Russian gas, labeling it as "probably the most challenged" continent in this context.
#ExxonMobil #oil #supplies
@songofoil
FelipeChannel
🇺🇸First Quantum Minerals lose 50% of the value of its shares in the last 3 months and 20% today only, 30 October 2023 🇪🇸First Quantum Minerals pierde el 50% de valor de sus acciones en los últimos 3 meses y el 20% solo el dia de hoy, 30 octubre 2023
🇺🇸 First Quantum Minerals extend losses, down another 20% today amid the uncertainty of the situation in Panama
🇪🇸 First Quantum Minerals extiende pérdidas, bajan hoy otro 20% en medio de la incertidumbre de la situación en Panamá
🇪🇸 First Quantum Minerals extiende pérdidas, bajan hoy otro 20% en medio de la incertidumbre de la situación en Panamá
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