Ineos, Britain’s largest closely held company, has taken another step toward creating a shale boom on its side of the Atlantic.
The company promoted Ron Coyle to the chief executive role of its shale division. He has been with Ineos for almost 20 years, most recently as commercial director for its phenol division. He will oversee a subsidiary that includes three of the engineers that helped to start the US hydraulic fracturing, or “fracking,” boom in Texas.
Mr Coyle’s tasks include winning over a sceptical British public, which has been loathe to extend reliance on fossil fuels and has doubts about the safety of fracking. He will also be in charge of a gas exploration campaign criss-crossing England, with success - in the form of commercial quantities of the fuel - not guaranteed.
Ineos’ fracking plans are already underway. The company is the largest holder of UK shale gas exploration licences, with more than 1 million acres (405,000 hectares). It foresees drilling dozens of wells within the next year, and has submitted planning applications for two sites in northern England and proposed a third.
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Read more:
BP sells crucial oil pipeline in North Sea to Ineos
Robin Mills: Gas industry has a great story to tell – but doesn’t
Warm Scottish welcome for UK’s first shale gas delivery from the US – in pictures
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The company has said exploring shale gas is the best option for Britain, which may import almost 80 per cent of its gas by 2035 and is reducing its reliance on more carbon-intensive coal. Still, support for domestic exploration remains low, with only 16 per cent of the public approving of shale gas extraction, according to a government survey. A third of Britons disapprove, and the Labour Party and Liberal Democrat Party pledged to ban fracking in their party manifestos before June’s general election.
Concerns intensified in 2011 when fracking caused two earthquakes in north-west England. Although they were barely felt, the government put a one-year ban on the practice before saying it could be done safely. Two companies, Cuadrilla Resources, which caused the earthquakes, and Third Energy UK Gas have permission to frack wells in the UK and expect to complete the work by next year.
Mr Coyle has already started his new post, replacing Gary Haywood, who retired.
General Classification
1. Elisa Longo Borghini (ITA) Trek-Segafredo
2. Gaia Realini (ITA) Trek-Segafredo 7 secs
3. Silvia Persico (ITA) UAE Team ADQ 1 min 18 secs
Find the right policy for you
Don’t wait until the week you fly to sign up for insurance – get it when you book your trip. Insurance covers you for cancellation and anything else that can go wrong before you leave.
Some insurers, such as World Nomads, allow you to book once you are travelling – but, as Mr Mohammed found out, pre-existing medical conditions are not covered.
Check your credit card before booking insurance to see if you have any travel insurance as a benefit – most UAE banks, such as Emirates NBD, First Abu Dhabi Bank and Abu Dhabi Islamic Bank, have cards that throw in insurance as part of their package. But read the fine print – they may only cover emergencies while you’re travelling, not cancellation before a trip.
Pre-existing medical conditions such as a heart condition, diabetes, epilepsy and even asthma may not be included as standard. Again, check the terms, exclusions and limitations of any insurance carefully.
If you want trip cancellation or curtailment, baggage loss or delay covered, you may need a higher-grade plan, says Ambareen Musa of Souqalmal.com. Decide how much coverage you need for emergency medical expenses or personal liability. Premium insurance packages give up to $1 million (Dh3.7m) in each category, Ms Musa adds.
Don’t wait for days to call your insurer if you need to make a claim. You may be required to notify them within 72 hours. Gather together all receipts, emails and reports to prove that you paid for something, that you didn’t use it and that you did not get reimbursed.
Finally, consider optional extras you may need, says Sarah Pickford of Travel Counsellors, such as a winter sports holiday. Also ensure all individuals can travel independently on that cover, she adds. And remember: “Cheap isn’t necessarily best.”
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Zayed Sustainability Prize
WHAT MACRO FACTORS ARE IMPACTING META TECH MARKETS?
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The specs: Panamera Turbo E-Hybrid
Engine: 4.0-litre twin-turbo V8 hybrid
Power: 680hp
Torque: 930Nm
Transmission: Eight-speed dual-clutch auto
Price: From Dh749,000
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The specs: 2024 Panamera
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Kill
Director: Nikhil Nagesh Bhat
Starring: Lakshya, Tanya Maniktala, Ashish Vidyarthi, Harsh Chhaya, Raghav Juyal
Rating: 4.5/5
SPECS
Engine: 1.5-litre turbo
Power: 181hp
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The five pillars of Islam
The specs
Engine: 5.0-litre supercharged V8
Transmission: Eight-speed auto
Power: 575bhp
Torque: 700Nm
Price: Dh554,000
On sale: now
RESULTS
3.30pm: Al Maktoum Challenge Round 3 – Group 1 (PA) $75,000 (Dirt) 2,000m
Winner: Jugurtha De Monlau, Pat Dobbs (jockey), Jean-Claude Pecout (trainer)
4.05pm: Dubai City Of Gold – Group 2 (TB) $250,000 (Turf) 2,410m
Winner: Global Storm, William Buick, Charlie Appleby
4.40pm: Burj Nahaar – Group 3 (TB) $250,000 (D) 1,600m
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5.15pm: Nad Al Sheba Turf Sprint – Group 3 (TB) $250,000 (T) 1,200m
Winner: Al Dasim, Mickael Barzalona, George Boughey
5.50pm: Al Bastakiya – Listed (TB) $170,000 (D) 1,900m
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6.25pm: Al Maktoum Challenge Round 3 – Group 1 (TB) $450,000 (D) 2,000m
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7.10pm: Ras Al Khor – Conditions (TB) $300,000 (T) 1,400m
Winner: Al Suhail, William Buick, Charlie Appleby
7.45pm: Jebel Hatta – Group 1 (TB) $350,000 (T) 1,800m
Winner: Alfareeq, Dane O’Neill, Charlie Appleby
8.20pm: Mahab Al Shimaal – Group 3 (TB) $250,000 (D) 1,200m
Winner: Sound Money, Mickael Barzalona, Bhupat Seemar
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Fighting with My Family
Director: Stephen Merchant
Stars: Dwayne Johnson, Nick Frost, Lena Headey, Florence Pugh, Thomas Whilley, Tori Ellen Ross, Jack Lowden, Olivia Bernstone, Elroy Powell
Four stars
The years Ramadan fell in May
TOURNAMENT INFO
Women’s World Twenty20 Qualifier
Jul 3- 14, in the Netherlands
The top two teams will qualify to play at the World T20 in the West Indies in November
UAE squad
Humaira Tasneem (captain), Chamani Seneviratne, Subha Srinivasan, Neha Sharma, Kavisha Kumari, Judit Cleetus, Chaya Mughal, Roopa Nagraj, Heena Hotchandani, Namita D’Souza, Ishani Senevirathne, Esha Oza, Nisha Ali, Udeni Kuruppuarachchi
The biog
Favourite book: Men are from Mars Women are from Venus
Favourite travel destination: Ooty, a hill station in South India
Hobbies: Cooking. Biryani, pepper crab are her signature dishes
Favourite place in UAE: Marjan Island
57 Seconds
Director: Rusty Cundieff
Stars: Josh Hutcherson, Morgan Freeman, Greg Germann, Lovie Simone
Rating: 2/5
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Sim swap frauds are a form of identity theft.
They involve criminals conning mobile phone operators into issuing them with replacement Sim cards by claiming to be the victim, often pretending their phone has been lost or stolen in order to secure a new Sim.
They use the victim's personal details - obtained through criminal methods - to convince such companies of their identity.
The criminal can then access any online service that requires security codes to be sent to a user's mobile phone, such as banking services.
Company profile
Company: Rent Your Wardrobe
Date started: May 2021
Founder: Mamta Arora
Based: Dubai
Sector: Clothes rental subscription
Stage: Bootstrapped, self-funded