Category: cofotjpy

Energean completes appraisal at Karish North discovery offshore Israel

first_img Image: The Stena DrillMax drillship will now complete the three Karish Main development wells. Photo: courtesy of Stena Drilling Limited. Exploration and production company, Energean Oil and Gas has confirmed successful appraisal well on Karish North discovery offshore Israel, enhancing its discovered resource volumes across its Karish and Tanin leases.The appraisal of the Karish North Discovery has confirmed estimate recoverable resources of 0.9 Tcf plus 34 million barrels of light oil/condensate.Following drilling 700m north of the original Karish North penetration, the Karish North sidetrack encountered a Gas Water Contact (GWC) at 4,791m true vertical depth subsea (TVDSS), 13m below the Gas Down To (GDT) that was encountered in the original wellbore.Total mapped hydrocarbon column confirmed at 310mEnergean said it has confirmed the total mapped hydrocarbon column at 310m at Karish North sidetrack.The firm, in a statement, said: “Low, Best and High case estimated resources are outlined in the table below. The remaining volumetric uncertainty is largely associated with thinly bedded sections of the reservoir in the B Sand Unit.“This potential will be confirmed via acquisition of a core from this section, which is expected to be achieved when the well is completed as a producer.”The company plans to develop the Karish North Discovery via a tie-back to the Energean Power FPSO, which is located 5.4km away the Karish North well.Being constructed with total processing and export capacity of 8 Bcm/yr (775 mmcf/d), the FPSO will enable the commercialization of the production from not only Karish North but also from other future discoveries.Energean chief executive Mathios Rigas said: “This is an excellent result from the Karish North appraisal sidetrack, confirming in place volumes in the top half of pre-drill estimates and increasing our recoverable volumes in Israel by 0.9 Tcf (25 BCM) of gas plus 34 million barrels of light oil or condensate.“Today’s news delivers upon another commitment that we had made to our shareholders and the successful results allow us to continue our gas marketing efforts in the region with a goal to fully utilise the capacity of our 8 BCMA FPSO.“Our focus now remains on closing the Edison E&P acquisition, in parallel with progressing Karish development.”Energean will now move the Stena DrillMax drillship to complete the three Karish Main development wells.The company reported a significant gas discovery through the drilling of the Karish North exploration well in the Levant Basin in April 2019. Estimated recoverable resources at Karish North Discovery confirmed estimate at 0.9Tcf plus 34 million barrels of light oil/condensatelast_img read more

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New Bicycle Crossing of Ninth Street Near Complete

first_imgA new pedestrian and bicycle crossing of Ninth Street at Aldrich Avenue is near complete.Four lanes of Ninth Street traffic in Ocean City are back open as construction crews on Wednesday completed a crosswalk and installed a user-activated traffic signal to help bicyclists and pedestrians cross the busy gateway.The signal is at the intersection of Aldrich Avenue (near the TD Bank and the Haven Avenue intersection), and it will help provide an easier crossing for bicycles traveling north-south along a safe bicycle corridor under development.City Council awarded a $238,857 contract to Diehl Electric Company of Hammonton in March to complete the work, and the city used a $100,000 state Department of Transportation Safe Street to Transit Program grant for the job.The central feature of the work will be a High-Intensity Activated Crosswalk (HAWK) signal that will be activated only by a push button and will be timed to work only in coordination with the existing traffic light at Ninth Street and West Avenue.The signal is expected to be active by the weekend.last_img read more

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The Bread Maker seeks funds to open support centre

first_imgAberdeenshire-based bakery The Bread Maker is aiming to raise £20k to open a support centre for adults with learning disabilities.The bakery currently trains people at its site who find it difficult to find employment. It is aiming to open a centre in the Scottish city that will provide training courses that will result in a Scottish vocational qualification (SVQ).The Bread Makers CEO Donald Anderson said that, as part of its 10th anniversary, the company was looking to become more outreaching and teach more adults with disabilities.“This is an opportunity to take our project out into the community and work with more people,” he said. “So we are going to open a wellbeing and SVQ centre that will allow adults with disabilities to obtain employment skills.”Each course will take place in 10-week sections, which will include building a CV, interview skills, food hygiene, health & safety, first aid and personal appearance.Anderson added the bakery was planning its first intake of apprentices at the end of this summer.last_img read more

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Twiddle Announces Free Live Stream For Special “Unplugged In Burlington” Performance

first_imgTwiddle is gearing up for their upcoming “Unplugged In Burlington” performance, a special, intimate evening of acoustic music and storytelling in the quartet’s hometown of Burlington, Vermont, set to take place on Thursday, April 11th at Higher Ground Ballroom. For those of you who can’t make the special performance, the band will be offering a free live stream via The Relix Channel.As frontman Mihali Savoulidis explains about the upcoming show,‘Unplugged In Burlington’ on April 11th, marks the band’s 26th show at Higher Ground and I couldn’t be more excited for this show. Growing up, two of my favorite TV shows to watch were MTV unplugged and VH1 storytellers, this show finally gives me the chance to rearrange classic Twiddle songs to fit the acoustic vibe, while also being able to tell the stories behind the music. It’s going to be a Twiddle show like no other and one I’ve been wanting to do for many years.While the live stream is free, there will be a digital “Donation Button” so viewers can show their support for the band’s non-profit organization, the White Light Foundation, which is currently focusing its efforts on helping those on the front lines of the opioid crisis.The band will continue their spring tour through the northeast before they hit the Road To Red Rocks with Pigeons Playing Ping Pong leading up to the band’s monumental show at Red Rocks Amphitheatre on May 2nd. See below for a list of upcoming tour dates. For more info, head to the band’s website.Upcoming Twiddle Tour Dates:4.12 New Haven, CT – College Street Music Hall4.13 Hampton Beach, NH – Hampton Beach Casino Ballroom4.19 Stroudsburg, PA – Sherman Theatre4.20 Brooklyn, NY – Brooklyn Steel4.21 State College, PA – The State Theatre4.24 Columbia, MO – Columbia, MO (w. Pigeons Playing Ping Pong)4.25 Urbana, IL – Canopy Club (w. Pigeons Playing Ping Pong)4.26 Milwaukee, WI – Turner Hall Ballroom (w. Pigeons Playing Ping Pong)4.27 Minneapolis, MN – Varsity Theater (w. Pigeons Playing Ping Pong)4.28 Omaha, NE – Slowdown (w. Pigeons Playing Ping Pong)5.2 Morrison, CO Red Rocks Amphitheatre (w. Pigeons Playing Ping Pong and Kitchen Dwellers)View Tour Dateslast_img read more

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Flavor Flav Pleads Guilty to Driving With Suspended License

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Flavor Flav, the Roosevelt-native rapper of Public Enemy fame, admitted to driving on Long Island without a license two years after he was pulled over while en route to his mother’s funeral.The 56-year-old hip hop artist, whose given name is William Drayton, pleaded guilty Tuesday to a felony charge of operating a motor vehicle with a suspended license. In exchange for his plea, a speeding charge was dropped.“This has been going on for two long years and I’m glad it’s over,” Flav, speaking in a soft voice, told Nassau County Judge Terence Murphy.He’s facing similar charges—plus counts of driving under the influence, possession of marijuana, open container and more—in Nevada, which he now calls home.The New York charges came after police stopped Flav for speeding 79 mph in a 55-mph zone on the Meadowbrook State Parkway on Jan. 9, 2014, but released him on a desk appearance ticket. His license had 16 suspensions on it at the time, authorities have said.Assistant Nassau County District Attorney Stephanie Palma asked Murphy to sentence Flav to six months in jail, but the judge instead gave the rapper time served—a few hours in jail—and ordered him to pay a $3,500 fine after lecturing him to get his act together.“You have a personal responsibility, and your ignoring that is the basis for many of these issues,” Murphy told Flav. He added that Flav’s mother’s funeral was a “mitigating circumstance but it doesn’t give you the privilege to disobey the laws of New York State.”Flav said through his lawyer, Todd Greeberg, that he wanted to “thank the court for your compassion and understanding” throughout the case. His demeanor was remarkably toned down from prior appearances, including one in which he rapped to reporters.Outside the courthouse, Greenberg told reporters that there were “extreme mitigating circumstances in this case. There was no intent whatsoever to violate the law.”last_img read more

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FAO says avian flu in North Korea is contained

first_imgApr 25, 2005 (CIDRAP News) – The recent outbreak of H7 avian influenza in North Korea has been contained, the United Nations Food and Agriculture Organization (FAO) said today.The outbreak at three farms near Pyongyang, the capital, was first reported in March. It involves a different strain from the H5N1 virus that has affected nine other Asian countries and killed more than 50 people in the past 16 months.”The virus appears to have been eliminated from the three infected farms by combining culling of around 218,000 infected chickens, vaccination of unaffected birds in unaffected poultry houses and strict biosecurity measures,” FAO consultant Les Sims stated in a news release. Sims traveled to Pyongyang to advise North Korean veterinary authorities on avian flu control.Previously the FAO had said the North Korean outbreak marked the first appearance of an H7 virus in Asia. Today’s statement did not say whether the neuraminidase subtype (N number) of the virus has been identified. Previous reports said samples of the virus had been sent to laboratories in China, the United Kingdom, and Australia for analysis.The FAO said North Korea “acted promptly and appropriately and provided essential information in a timely manner,” including a report to the World Organization for Animal Health (OIE). The FAO sent three experts to the country to help with diagnosis and disease management.The agency said it has urged the North Koreans to continue avian flu surveillance throughout the country. “Reagents and laboratory tools provided by FAO will assist in continuing the battle against the virus, but additional strengthening of veterinary diagnostic and surveillance capacity is seen as a priority to ensure that this work is completed,” said Joseph Domenech, the FAO’s chief veterinary officer.Word of the outbreak first surfaced in mid-March, but the government didn’t confirm the report until Mar 27. No human cases have been reported.North Korea has had no reported outbreaks of H5N1 avian flu. South Korea had outbreaks on a total of 19 farms in late 2003 and early 2004 but had no human cases.The North Korean outbreak prompted the first meeting between North Korean and South Korean officials since July 2004, according to an Apr 22 report in the South Korean newspaper the Korea Times.A delegation of South Korean officials traveled to the North Korean border city of Kaesong Apr 22 to discuss collaboration to battle the outbreak, the newspaper reported. The meeting followed a South Korean offer to help North Korea deal with the virus. South Korea agreed to send about $713,000 worth of quarantine equipment to North Korea, the story said.The newspaper said relations between the two Koreas have been strained ever since South Korea airlifted 460 North Korean refugees out of Vietnam 9 months ago.See also:FAO statementhttp://www.fao.org/newsroom/en/news/2005/102016/index.htmlApr 5 CIDRAP News story “North Korea has Asia’s first outbreak of H7 avian flu”last_img read more

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Tees brewing

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PREMIUMJakarta working on smart city mobile app

first_imgLOG INDon’t have an account? Register here Log in with your social account Linkedin Facebook Forgot Password ? Topics : Google The Jakarta administration is working on a multipurpose mobile application that will cater to the needs of Jakartans for a variety of information on the capital city, including latest updates on floods and a map of affected areas across Jakarta.The app, dubbed Jakarta Kini (JAKI), is managed by the Jakarta Smart City (JSC) team, a unit under the Jakarta Communication, Information and Statistics Agency, which manages the use of information technology for public services. A beta version of the software has been downloaded 82,756 times through the Google Play store as of Friday.JSC chairman Yudhistira Nugraha said the team had developed the app because more and more people were using smartphones rather than computers.”This mobile-first principle was driving our team to develop the app,” Yudhistira told The Jakarta Post on Friday. “We assume people have access to [… #Jakarta smart-city #SmartCity technology #technology mobile-app #mobileapplicationlast_img read more

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Asian markets set to push higher after overnight gains

first_imgAsian markets look set to rise on Tuesday, building on newfound momentum after bargain hunters helped a recovery in US markets after last week’s selloff.Australian S&P/ASX 200 futures were up 0.64 percent in early trading, while Japan’s Nikkei 225 futures rose 0.21 percent. Hong Kong’s Hang Seng index futures were up 0.61 percent.E-mini futures for the S&P 500 were up 0.16 percent. Asian markets have been buoyed by positive signs around China’s economic recovery, although the coronavirus pandemic continues to wreak economic havoc globally and raise concern about high valuations.Investors will remain cautious ahead of the first US presidential debate set to take place later on Tuesday, and as lawmakers continue sporadic efforts to cobble together additional economic stimulus.US consumer confidence and home price data is also due on Tuesday. Upcoming US economic data should help show how well the country is positioned to rebound from pandemic lockdowns, and how necessary more stimulus will be.“Globally, a loss of momentum and the renewed rise in COVID-19 infection rates points to the need for additional fiscal and monetary support. That policy outlook is continuing to provide a supportive backdrop to equities despite recent volatility,” wrote ANZ Bank New Zealand in an analyst note. US traders posted strong gains on Wall Street on Monday, particularly in hard-hit sectors like hotels, banks and airlines which posted sizeable gains after several days of decline.On Wall Street, Dow Jones Industrial Average rose 1.51 percent, the S&P 500 gained 1.61 percent, and the Nasdaq Composite was up 1.87 percent.MSCI’s gauge of stocks across the globe gained 1.68 percent, while the STOXX 600’s banking stock index was up 5.6 percent, after hitting a fresh all-time low on Friday.But there were still some signs of caution, as Europe is experiencing a rise in new COVID-19 infections and some US states continue to grapple with high case numbers.Safe-haven spot gold added 1.2 percent at US$1,881.49 an ounce. US gold futures gained 0.89 percent at $1,874.30 an ounce.But the US dollar dropped from a two-month high against a basket of currencies Monday, with the dollar index falling 0.3 percent, its biggest daily percentage drop in roughly three weeks.The weakening US dollar helped drive up oil prices. Brent crude settled up 51 cents to $42.43 a barrel, or 1.22 percent. US West Texas Intermediate settled up 35 cents at $40.60 a barrel, or 0.87 percent.US Treasury yields were largely flat, with no fresh data or issuances shaking up the market. The benchmark 10-year yield was up 0.2 basis point on the day at 0.661 percent.Topics :last_img read more

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University roundup: Cambridge nets 19% investment return

first_imgCambridge University’s £3bn (€3.4bn) endowment fund (CUEF) posted an 18.8% investment return for the 12 months to 30 June 2017 – almost three times its return for the previous 12-month period.The fund, managed by the university’s investment office, gained 6.3% in the 12 months to 30 June 2016. Over five years to the end of June last year, it has generated an annualised return of 13.8%.In his report, Professor Duncan Maskell, senior pro-vice-chancellor at Cambridge University, said: “Despite a steady fall in broad market volatility, an increase in the dispersion of individual stock returns in the second half of the year favoured active management, and the CUEF benefited from the outperformance of its equity and hedge fund managers compared to their benchmarks.”He added: “There were strong performances in private investments and direct property assets. Over the year the overall conditions were benign, continuing to favour equities over other asset classes, but also caused few investments to be objectively cheap relative to their histories.” At end-June 2017, CUEF’s portfolio was invested 59% in public equities, 13% in private investments, and 12% each in absolute return investments and real assets.Some long-term investments were held outside CUEF, including certain investment properties in Cambridge and equity investments in spin-out companies overseen by the university’s technology transfer company Cambridge Enterprise.CUEF finances university posts and activities, with several colleges also as investors.Oxford ups public and private equity exposures Meanwhile, Oxford University’s Endowment Fund (OEF) reported a 9.2% investment return for the 2017 calendar year.This compared with a 2016 return of 16.4%, which was due in part to a flexible currency strategy benefited from sterling’s movements after the EU referendum in June 2016.The £2.6bn pooled fund – run on behalf of Oxford University and a number of individual colleges – has returned 11.7% a year on average over the past five years.OEF said the most significant change in 2017 was the increase in exposure to public equity at the expense of cash.
 It invested an additional 6.3% of its portfolio into listed equity managers in early 2017, finishing the year an allocation of 53.2%.OEF’s public equity managers gained 14.5% annualised over the past five years.In 2017, OEF’s bias towards sectors with the highest potential returns led to considerable investment in consumer franchises in both developed and developing markets, the fund reported.However, it said it had seen less opportunity for growth in more mature, capital intensive and heavily regulated sectors such as energy.At 31 December 2017, the portfolio had a 1.4% exposure to energy exploration and extraction with a further 1.3% in energy-related sectors – much lower than energy’s natural weighting in equity markets.During 2017, OEF continued to commit to private equity – 23.6% of the portfolio at end-2017 – concentrating on growth equity, niche sector strategies and venture investments, and backing some new groups raising their first funds in the US, UK and China. The private equity portfolio returned 18.6% annualised over the past five years.The endowment’s credit exposure – 8.6% of the portfolio – includes investments in direct lending and complex special situation strategies in the US, Europe and Asia.Within its property holdings – 5.9% of the total – OEF said it had built a solid portfolio of UK commercial and residential properties to complement its holdings in strategic land and rural estates. Together with the £500m Oxford Capital Fund, which provides expendable capital over the medium term, typically for building projects, OEF is run by Oxford University Endowment Management, a wholly-owned subsidiary of the university.  OEF’s investment objective is to grow its capital by an average of 5% a year in real terms, at a lower volatility than experienced by investing solely in the public equity markets.last_img read more

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