Aus firm pushes ahead with South African offshore gas project

first_img11 July 2014Australian-listed company Sunbird Energy is pushing ahead with the development of the Ibhubesi gas project off South Africa’s west coast, which could pave the way for a multi-billion rand investment that would significantly boost the country’s gas-to-electricity generation capacity.Last month, Sunbird announced that it had received all the necessary South African government approvals for its acquisition, from US company Forest Oil Corporation, of a 76% stake in Production Right Block 2A, which covers a 5 000 square kilometre area within the Orange Basin and contains the Ibhubesi gas project, South Africa’s largest undeveloped gas discovery.This established Sunbird as the operator of the gas field, with South African state oil and gas company PetroSA holding the remaining 24% of the licence.Block 2A is located 380 kilometres north-west of Cape Town and 70 kilometres off the coast of the Northern Cape province.According to Sunbird, over US$125-million has been invested in exploring and appraising the block since 2000, with seven of 11 wells drilled to date discovering commercial volumes of gas. And in March, the company announced that an independent assessment had determined that the block contained estimated prospective gas resources of 7.8-trillion cubic feet.In December, Sunbird signed a memorandum of understanding with South African state power company Eskom to jointly investigate supplying gas from Ibhubesi to Eskom’s 1 300 megawatt Ankerlig power station, to replace the plant’s current high-cost diesel feed stock.Eskom is also currently developing plans to convert Ankerlig from an open cycle gas turbine to a closed cycle gas turbine plant, so that it can run on gas.Sunbird managing director Will Barker said last month that South Africa’s energy market was both highly constrained and high value, “creating a unique opportunity for Sunbird as the most advanced project for the supply of energy for the domestic market.“We look forward to progressing our gas sales negotiations with Eskom for the supply of gas to the existing Ankerlig Power station that is currently run on expensive diesel, and further exploring Block 2A’s upside potential.”Barker said Sunbird was working to advance the project both technically and commercially, with upcoming milestones including completion of the preliminary field development plan, commencement of the front-end engineering and design studies, and progress on securing the necessary environmental approvals.SAinfo reporterlast_img read more

DOD’s Demographics Reports: What Public Documents and Data Can Tell Us | Part 2

first_imgThis MFLN-Military Caregiving concentration blog post was published on March 30, 2018. Written by: Christopher Plein, Ph.D. West Virginia University and MFLN Caregiving Team MemberLast month we focused on the wealth of information found in data and reports made publicly available by the Department of Defense.  We discussed how the 2016 Demographics Report provides both general information as well as more specific details that might be of use to those working with military families.  In this blog, we consider some of the information that DOD provides to Congress on an annual basis.  These reports help to shed light on priorities and efforts that have been made in such areas as family readiness and support.What Can We Learn from the DoD’s Annual Report?One very helpful resource is the DOD’s Annual Report to the Congressional Committees on the Department of Defense Policy and Plans for Military Family Readiness.  With such a long title, we’ll call it the Family Readiness report for short. A wide range of topics are covered, touching on many of the topics that we explore and share in the Military Families Learning Network.  This includes such topics as child care, education, personal finance, and individual and family life.  A review of recent reports reveals some following facts and figures:In 2016, there were about 1.1 million kids in active duty military families ranging from newborns all the way up to 22 years of age (page 3). About 75 percent of these kids were under the age of 12 (page 3). Contrary to popular perception, most families do not live on military installations. In 2014, almost 3 out of 4 families lived “outside the gate” (page 4).Just by taking these three pieces of information together, we gain a better understanding of some of the priorities in connecting families to resources and challenges in taking into account access to resources.  Those interested and engaged in family support functions are able to gain a clearer picture of how families might be dispersed across communities and that access and availability to services may vary by location.  This also helps us to understand the DOD’s priorities, outlined in the 2016 Family Readiness report, in forging links to community-based organizations and in providing more online reference and support services.The DOD recognizes the importance of providing support to families with special needs in terms of health care and/or educational accommodation.  Each year, the DOD’s Office of Special Needs (OSN) issues its Annual Report to the Congressional Defense Committees on the Activities of the Office of Special Needs.  We’ll call this the OSN Report for short and it provides important insights on trends and actions.Exceptional Family Member Program (EFMP) Trends:In these reports, you will learn about trends and developments with the Exceptional Family Member Program (EFMP).  Each service branch operates an EFMP with the OSN providing support and promoting the development of standardized and best practices across the branches.  The most recent OSN report notes that there are now about 120,000 EFMP family members across the services.  Recent reports illustrate the attention that is being given to various EFMP functions.  One area of emphasis is in family support.  This includes non-clinical case management for families and the development of tools to better coordinate access to care and services. We also learn that families have voice in OSN efforts through the DOD Advisory Panel on Community Support for Families with Special Needs.Knowledge is Crucial in Helping Us Understand and PlanThese and other reports offered by DOD are helpful resources providing data and facts – as well as explanatory context. I always tell my students “go to the source.”  The relative ease in accessing these documents online makes this an easy journey.last_img read more

Ateneo escapes FEU in OT, faces La Salle in UAAP Finals rematch

first_imgPhoto by Tristan Tamayo/INQUIRER.netAteneo survived Far Eastern University, 88-84, in overtime to book the last finals slot in the UAAP Season 80 men’s basketball tournament Wednesday at Mall of Asia Arena.The Blue Eagles leaned on Matt Nieto and Isaac Go in the endgame to overcome a gallant stand by the fourth-seeded Tamaraws.ADVERTISEMENT QC cops nab robbery gang leader, cohort He then, unleashed a booming triple with 46.9 seconds left that put the Blue Eagles up, 85-80.Go closed things out in improbable fashion, hitting a bank shot on one knee with 22.5 seconds remaining for an 87-82 edge.Ateneo assistant coach Sandy Arespacochaga said FEU’s 7-7 record in the elimination round was never a factor and that they expected to play a give-and-take game for 40 minutes.“We were ready to play a close game and that’s what happened, of course credit to our players who never gave up and stayed focus and stuck to the game plan,” said Arespacochaga.“There were ups and downs but what a great game and we’re happy that our players experienced that. We could see their growth in the game.”ADVERTISEMENT ONE: PH’s Corminal wary of ‘new’ Lepont For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity. Read Next Kris Aquino ‘pretty chill about becoming irrelevant’ Brace for potentially devastating typhoon approaching PH – NDRRMC Kammuri turning to super typhoon less likely but possible — Pagasa FEU had an eight-point, 67-59, lead midway through the fourth after Prince Orizu forced his way inside for a layup but Ateneo slowly cut it down and eventually tied the game at 69 with 3:41 left in regulation after Mike Nieto drilled a three-pointer.Thirdy Ravena paced Ateneo with 17 points and seven rebounds while Chibueze Ikeh had a 16-point and 11-rebound double-double.Matt also finished with 16 points, six coming off the overtime period, while Go had 13 points and nine rebounds.Jasper Parker had a game-high 19 points to lead to the Tamaraws while Tolentino added 13 points. MOST READcenter_img Typhoon Kammuri accelerates, gains strength en route to PH The No. 1 Blue Eagles set up a best-of-three finals rematch with the defending champions De La Salle Green Archers beginning Saturday.Go sent the game into overtime with a 3-pointer, 75-all, with 8.5 seconds left in regulation.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutNieto followed suit in the extra session.The gritty point guard punished Arvin Tolentino for five straight points first with a short jumper that gave Ateneo an 82-80 lead with 1:30 left in overtime. LATEST STORIES Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles00:50Trending Articles01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games Stronger peso trims PH debt value to P7.9 trillion CPP denies ‘Ka Diego’ arrest caused ‘mass panic’ among S. Tagalog NPA Japan ex-PM Nakasone who boosted ties with US dies at 101 Don’t miss out on the latest news and information. View commentslast_img read more

India ready for the Lankan challenge, says captain Dhoni

first_imgIndia skipper Mahendra Singh Dhoni on Tuesday exuded confidence in his players ahead of the Sri Lanka tour.  Speaking to reporters prior to the team’s departure, India skipper Mahendra Singh Dhoni said, “Our cricket season has started and we want to play best for our country’s image.” India will play Sri Lanka in five ODIs and a T20 beginning July 21. The team under MS Dhoni had a break of over a month to prepare for the upcoming season.On the much-talked about Pakistan’s tour of India in December, the skipper said, “Series against Pakistan is tough but we try to play every series well.”On the Virender Sehwag’s recent statement that it was the team and not Dhoni, who brought India the World Cup, Dhoni said, “A captain can channelize. But the team is very important. An ordinary team with an extraordinary captain cannot win the World Cup.”India coach Duncan Fletcher too said that the team’s morale is high as the players are coming after a break.”It is important to work on all aspects of the game and that is what we did in our camp,” he added.last_img read more

10 months agoReal Madrid chief Butragueno: Our players are stupendous

first_imgTagsTransfersAbout the authorCarlos VolcanoShare the loveHave your say Real Madrid chief Butragueno: Our players are stupendousby Carlos Volcano10 months agoSend to a friendShare the loveReal Madrid chief Emilio Butragueno has defended the players after defeat to Real Sociedad.La Real shocked Madrid 2-0 at the Santiago Bernabeu on Sunday.Butragueno was asked about additions this month given their poor start to the year.But he insisted, “This squad has players with loads of talent and I think that it is a good day to reinforce that message. “They have won many titles. The Club World Cup isn’t nothing, three consecutive Champions Leagues. These players are stupendous.” last_img read more

Aimia rejects US180 million Grupo Aeromexico offer for PLM stake

first_imgAimia Inc. has rejected an unsolicited US$180-million offer by Mexican airline operator Grupo Aeromexico to buy the Montreal-based company’s stake in their joint loyalty program PLM.The proposed transaction to buy Aimia’s 48.9 per cent stake in Premier Loyalty & Marketing (PLM), a joint venture which owns the Club Premier frequent flyer program, would have given Grupo Aeromexico full control.“The Company has promptly rejected the offer as it believes that its stake in PLM is worth significantly more than the offer price, which reflected no improvement whatsoever to the terms previously proposed by Aeromexico to Aimia in prior discussions between the parties,” Aimia said in a statement Thursday.Aimia noted that PLM generated adjusted earnings before interest, taxes, depreciation and amortization of US$77.4-million in 2017, and the contract between the two parties runs until 2030.The offer came one day after a group led by Air Canada offered to buy Aimia’s loyalty business Aeroplan in a deal valued at $2.25 billion, including points liabilities they would assume.Grupo Aeromexico is “playing hardball” said Adam Shine, an analyst with National Bank in a note to clients.“If it wasn’t obvious yesterday, it’s increasingly clear today that Aimia is being pushed into selling off its pieces by larger partners who always had a stronger bargaining position in these assorted relationships.”Grupo Aeromexico, which currently owns 51.1 per cent of PLM, had said the offer for Aimia’s 48.9 per cent stake would expire at midnight on Aug. 3, but such deadlines are often amended.Club Premier has more than 3.7 million members and more than 100 partners, according to Aimia’s website.Grupo Aeromexico, which also operates its namesake airline, said it has informed Aimia that its current contract will not be extended beyond its current expiration date in 2030.“If completed, the Proposed Transaction would result in a positive outcome for Aimia’s shareholders as it provides an opportunity to realize an immediate return on the disposal of an asset, the divestiture of which would have otherwise been challenging,” the group said in a statement. “The Proposed Transaction would also provide benefits to Aimia’s stakeholders as it would provide material financial resources which Aimia can use to strengthen its core business.”Air Canada told its clients that the proposed transaction, which expires Aug. 2, would allow customers to transfer their points to the airline’s own loyalty program when it launches in 2020.Grupo Aeromexico said Thursday that the US$180 million price tag, including dividends and marketing fees paid to Aimia since its investment, represents an annualized rate of return for the Montreal-based company of approximately 18 per cent. The group also said launching an initial public offering of PLM is not an option.“For this reason it is Aeromexico’s view that the best long-term solution for all stakeholders is for Aeromexico to acquire the equity stake currently held by Aimia,” it said in a statement.last_img read more

Hovnanian Dollar General fall Duke Cronos rise

first_imgNEW YORK — Stocks that moved substantially or traded heavily Tuesday:Bank of America Corp. (BAC), down $1.55 to $26.99Banks fell more than the rest of the market as bond yields dropped sharply, which makes it harder to make money from lending.Duke Energy Corp. (DUK), up 43 cents to $90.05High-dividend stocks like utilities held up relatively well as traders sought out lower-risk investments.Cronos Group Inc. (CRON), up 57 cents to $10.74The marijuana producer confirmed it’s in talks about a potential investment by the U.S. tobacco company Altria Group.AutoZone Inc. (AZO), up $55.61 to $880.07The Memphis, Tennessee-based auto parts retailer reported earnings that beat Wall Street’s forecasts.Dollar General Corp. (DG), down $7.60 to $104.10The discount retailer said it expects lingering costs from hurricane season to hurt its results through the rest of the year.Hovnanian Enterprises Inc. (HOV), down 12 cents to $1.10Homebuilders fell after luxury homebuilder Toll Brothers issued a cautious assessment of the housing market.United Parcel Service Inc. (UPS), down $8.50 to $106.77Morgan Stanley analysts said the market is underestimating the negative impact on UPS and Federal Express from Amazon Air.RH (RH), up $13.48 to $137.13The furniture and housewares company reported earnings that came in far ahead of what analysts were expecting.The Associated Presslast_img read more

ATF price increased by 1 nonsubsidised LPG by 5

first_imgNew Delhi: Jet fuel price was on Monday hiked by over one per cent, the second straight monthly increase in rate coming on the back of firming global prices.The price of Aviation Turbine Fuel (ATF) was hiked by Rs 677.1 per kilolitre, or 1.07 per cent, to Rs 63,472.22 per kl in the national capital, according to price notification issued by state-owned oil firms. The increase comes on the back of a steep 8.1 per cent (Rs 4,734.15 per kl) hike in rates effected on March 1. Simultaneously, the price of non-subsidised cooking gas (LPG) was increased by Rs 5 per 14.2-kg cylinder. It now costs Rs 706.50 in the national capital. Also Read – Thermal coal import may surpass 200 MT this fiscalThis is the second straight increase in LPG rate. Price was hiked by Rs 42.5 per cylinder on March 1. The hike will add to the burden of cash strapped airlines that are already reeling under pressure from cut-throat competition in the sector. Non-subsidised LPG is the gas that consumer buys after exhausting their quota of 12 cylinders of 14.2-kg at sub-market or subsidised rates. Price of subsidised LPG was almost unchanged at Rs 495.86. LPG, as well as ATF prices, are revised on 1st of every month based on the average international rate for benchmark fuel and foreign exchange rate in the preceding month. Also, the price of kerosene sold through the public distribution system (PDS) was increased to Rs 32.54 per litre from Rs 32.24. This is in accordance with the 2016 decision to raise rates by 25 paise a litre every month till subsidy on the fuel is eliminated. Non-subsidised kerosene costs Rs 64,460.83 per kl (Rs 64.46 per litre) in the national capital.last_img read more

AAP West Delhi candidate files nomination

first_imgNew Delhi: The Aam Aadmi Party’s (AAP) west Delhi candidate, Balbir Singh Jakhar, who was the last of seven candidates announced by the party, on Thursday became the first to file his nomination in the national capital. The 45-year-old filed his nomination papers in the presence of senior party leaders Manish Sisodia and Gopal Rai among others at the District Magistrate’s office in Raja Garden. Jakhar is the President of the Dwarka Court Bar Association and Chairman of the Co-ordination Committee of the All Delhi District Court Bar Association. Also Read – After eight years, businessman arrested for kidnap & murder Starting from the West Delhi, the other AAP candidates will file their nominations in the coming days, Rai said. Before filing the nomination, the AAP leaders along with Jakhar held a roadshow in west Delhi appealing to people to vote for the party to take up the demand of full statehood for Delhi. Addressing the public, Sisodia and Rai explained to the people about the importance of full statehood for Delhi. “In 2014, you voted for BJP. Their MPs have not done any work for the city. The BJP promised statehood for Delhi and did not say a word in Parliament about that,” Rai said. Also Read – Two brothers held for snatchings He urged the people to vote for AAP to make the city a full state in just two years. The AAP had in March announced all its candidates for the national capital, where polling will be held on May 12. The AAP has fielded Pankaj Gupta from Chandni Chowk, Dilip Pandey from North East Delhi, Atishi from East Delhi, Brajesh Goel from New Delhi, Gugan Singh from North West Delhi and Raghav Chadha from South Delhlast_img read more

Music has to be a character in the film

first_imgVivek Agnihotri’s directorial The Tashkent Files raises questions about the mysterious death of Former Indian Prime Minister Lal Bahadur Shastri. Besides the controversial plot and a strong star cast, which includes Naseeruddin Shah, Mithun Chakraborty, Pankaj Tripathi and Vinay Pathak, it’s the music that’s receiving immense appreciation. ‘Satya Manik Afsar’ – team which composed the attention grabbing background score of The Tashkent Files – spoke to Millennium Post about their experience of composing music for the film. Content driven movies like The Tashkent Files aren’t dependent on music and background score unlike the commercial cinema. How difficult is it to compose something which would not only compliment a film with a strong story/plot but also catch attention of the audience? Content driven movies also need music, it all depends on sound design of a movie. According to me, music has to be a part /character of any movie because a well balanced design of sound takes you to the time and space of the story. We get involved into the film not only because of visual, but the music playing in the background holds your mind into the space. Nothing is difficult to compose if the director you are working with is clear as to what is required. Was there any brief given to you by makers on the background score? Vivek Agnihotri told us that the BGM is very important to him and he wants the background music to be one of the characters of the film which is not seen but is there as an emotion. He mostly knew where and what all he wanted and briefed us perfectly time to time, as a result you can see the film grips you totally. Do you feel pressurised while working on a sensitive project like The Tashkent Files, where different people might have subjective opinions? When there are different minds working to make a project successful, it’s normal to have a lot of pressure. But the best part is, we finalise on a common ground only after a lot of discussion. Talking particularly about TTF, there were other factors to consider as well. Satisfying a director like Vivekji, and getting the correct theme for a subject like Shastriji, was indeed very challenging. How important is box office collection for you? Certainly Box office is very important for any project; more than us it is important to the producers and financiers of the film. Because if they will earn then only there will be more films and more work for everyone involved in film trade. What is next on your plate? To name a few, Neil Nitin Mukesh, Karan Singh Grover Jackie Shroff and KK menon starrer Firkie in which we have a song with Ustad Rashid Khan. Also, there is a children’s film Decent boy. Both the movies are in their post production stage right now, and should be released by July/ August. Few more projects are at disscusion stage and of course our regular Ad-films, TV shows and short films for digital platforms keep happening.last_img read more