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Indian Navy Rescue operations - Facebook video screenshot Search and rescue operations continue for over 90 missing from a barge that sank 35 miles offshore Mumbai in cyclone Tauktau while 180 have been rescued.
The Indian Navy said that had rescued 180 from the Afcons Infrastructure barge Papaa–305 (P305) which broke anchor on 17 May in the cyclone and then sank.
The Navy said that five ships were involved in the search and rescue operations. “SAR has also been augmented with P8I and naval helicopters, who continue to undertake aerial search in the area,” it said in a Facebook post.
The P305 was on charter to Oil and Natural Gas Co (ONGC) and one of a number of offshore vessels and assets under operation for the oil company have been casualties of the cyclone.
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14 May, 2021 Author Tom DiChristopherGaurang Dholakia
Natural gas utilities reported another solid quarter of earnings to kick off 2021, with several gas distributors crediting winter storm tailwinds for profits that exceeded expectations and strong year-over-year gains.
Eight of nine gas utilities in a group selected by S&P Global Market Intelligence posted EPS that surpassed S&P Capital IQ consensus normalized earnings estimates. All of the companies posted year-over-year EPS gains, and five of those companies have now posted at least four consecutive quarters of earnings improvement.
The earnings period included February s devastating winter storms, which plunged parts of the Southern and Central U.S. into blackouts and contributed to dozens of deaths. The event led to a run on gas demand and extreme price spikes, resulting in sky-high gas purchase costs for some utilities.
Dominion’s Long-Time Chief Tom Farrell Dies
Dominion Energy Inc. Executive Chairman Thomas F. Farrell II, 66, died on Friday after battling cancer.
Tom, as he was known to family, friends and employees, was chairman, president and CEO of Dominion from 2007-2020. He had joined the Richmond, VA-based company in 1995 as general counsel after serving in private practice for 15 years.
Farrell was tapped as president and COO of Dominion in 2004. In 2006, he became CEO, and one year later, the board elected him chairman.
Farrell had served as executive chairman until last Thursday, when he retired.
“Tom was a peerless mentor and outstanding leader who sought to find innovative solutions to challenges at Dominion Energy, in the utility industry and in the community he called home,” said CEO Robert M. Blue, who joined Dominion in 2005. “In his tenure at the company, Tom oversaw an era of prosperity and growth, and a long-term transformation that will have a lasting impact o
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The words of J. Burrough aptly justify the unpredictability of
the interpretation of the term public policy when he
says,
Public Policy is an unruly horse where once you
stride on it you do not know where it s going to take
you.
For decades India has been perceived as a jurisdiction which is
not arbitration friendly and where enforcement of foreign arbitral
awards is problematic. As per section 34(2)(b)(ii) of the
Arbitration Act, 1996 an arbitral award can be set aside by the
court if it is against the public policy of India .