Independent Oil and Gas advancing mapping of Harvey-Redwell area

first_imgThe company confirms that the option held by its Core Project partner, CalEnergy Resources (CER), to acquire 50% of the Harvey and Redwell licences has now expired Source: Company Press Release Independent Oil and Gas advancing mapping of Harvey-Redwell area. (Credit: Pixabay/gloriaurban4) Independent Oil and Gas plc (“IOG” or “the Company”), (AIM: IOG.L), the development and production company focused on becoming a substantial UK gas producer, provides an update on the Harvey (P2085) and Redwell (P2441) licences in the UK Southern North Sea. Option Expiry The Company confirms that the option held by its Core Project partner, CalEnergy Resources Limited (“CER”), to acquire 50 per cent of the Harvey and Redwell licences has now expired. However, discussions remain ongoing as to potential CER participation in these licences. Harvey & Redwell Resources Further to the 48/24b-6 Harvey appraisal well drilled in Q3 2019, as previously stated the Company estimates mid-case recoverable gas volumes of 40 Bcfe in Harvey and 100 Bcfe in Redwell. IOG continues to progress sub-surface re-mapping and modelling of the Harvey-Redwell area to further define its commercial potential. Andrew Hockey, CEO of IOG, commented:  “We are advancing our Harvey and Redwell mapping and modelling work in order to generate optimal development plans for these assets. In the context of our Core Project, we believe they will present attractive incremental investment opportunities for the Company.”last_img read more

Siemens to deliver two compression packages to Midcoast Energy

first_imgSiemens will be responsible for the delivery of two SGT-400 mechanical-drive compression packages The SGT-400 compressor package. (Credit: Siemens.) Siemens Gas and Power has secured an order from Midcoast Energy to supply compression equipment for CJ Express pipeline expansion project in east Texas.Under the contract, Siemens will be responsible for the delivery of two SGT-400 mechanical-drive compression packages which are capable of producing a combined output of 39,000-horsepower for an expansion at an existing compression station.The firm said that the equipment is an integrated, turnkey gas turbine and centrifugal compressor solution that provides a modular configuration for fast deployment, dry low emissions (DLE) combustion technology for emissions compliance at the time of low loads.Equipment will be packed at Siemens Gas and Power’s Telge Road facilityAccording to the company, the SGT-400 compressor package also provides responsive service along with field-proven, efficient, and reliable components.Siemens Energy Oil & Gas Division Americas vice president Patrice Laporte said: “This project marks a key milestone as the U.S. pipeline industry realizes the breadth of reliable, cost-effective solutions we can provide in this power range.“With the SGT-750 turbine’s power range from 45,600 to 56,320 HP (34–42 MW) and the SGT-400 turbine’s power range from 14,750 to 20,115 HP (11–15 MW), Siemens Gas and Power is well-positioned to offer a wide range of solutions for pipeline applications.”The equipment for the delivery will be packed at Siemens Gas and Power’s Telge Road facility located in Houston, Texas and the compressors will be constructed at the its facility situated in Olean, New York, US.Siemens Gas and Power has planned to ship the first gas turbine compression trains later this year to support the commercial operation for early next year.Furthermore, a pipeline construction company, WHC Energy Services has been selected to provide the engineering, procurement and contracting (EPC) services for the pipeline expansion project.Recently, Siemens Gas and Power was awarded a contract from chemical products manufacturer, Ascend Performance Materials to supply three gas turbines for a facility located in Alabama, US.last_img read more

EBRD and Raiffeisen Bank Aval support Ukrainian LPG retailer

first_imgUAH440 million (€15m) loan from Raiffeisen Bank Aval is supported by EBRD’s Risk Sharing Facility and will finance working capital needs of Nadezhda EBRD and Raiffeisen Bank Aval support Nadezhda. (Credit: European Bank for Reconstruction and Development.) The European Bank for Reconstruction and Development (EBRD) and Raiffeisen Bank Aval (RBA) are supporting the operations of Nadezhda, a Ukrainian wholesale and retail distributor of liquefied petroleum gas and petroleum products.In a joint transaction RBA is providing a loan of up to UAH 440 million (€15 million equivalent) to Nadezhda the Poltava-headquartered company, while up to 60 per cent of the risk on the loan will be shared by the EBRD under a Risk Sharing Facility signed between the financial institutions.The funds will allow Nadezhda to restructure its balance sheet and finance working capital needs, which will help the retailer cope with the impact of the pandemic on its operations.Nadezhda is based in Poltava, a city in central Ukraine, and mainly serves small and medium-sized enterprises in the agribusiness sector through a network of fuelling stations across the country.Under the Risk Sharing Facility programme signed in 2018, the EBRD will share the risk on individual loans made by Raiffeisen Bank Aval to businesses for up to €20 million over a period of three years.The EBRD is the largest international financial investor in Ukraine. To date, the Bank has made a cumulative commitment of almost €15 billion through 466 projects in the country. Source: Company Press Releaselast_img read more

Hamptons: “Mortgages for £1m+ homes reached highest level in 10 years”

first_imgAlmost half of buyers who paid £1m or more for their home in 2015 took out a mortgage, the highest level in a decade.46 per cent of buyers of £1m+ homes used a mortgage in 2015, double the 23 per cent at the start of the financial crisis in 2008, according to new research from Hamptons International.Typically a greater proportion of a more expensive property is bought without the need for a loan, but the increasing use of mortgages reflects the view that £1m homes are no longer only for the super wealthy – particularly in London.The rise in the use of mortgages to buy more expensive homes since the financial crash also reflects the low cost and increasing availability of finance as the economy has recovered and credit conditions have loosened. With even well-off buyers struggling to get a mortgage during the 2008 downturn, just 23 per cent of purchases of homes for £1m or more involved a loan. In all but one year since the crisis, that proportion has risen.Key findings:46 per cent of people who bought a home for £1m or more used a mortgage in 2015, up from a trough of 23 per cent in 2008 – the start of the financial crisis. But the proportion differs across the country. (see table 2)58 per cent of homes bought for £1m or more in the capital last year were purchased with a mortgage – the highest proportion in 10 years. This compares with a low point of 31 per cent in London in 2009 as the credit crunch took hold.Yet in the North West just 23 per cent of £1m properties were bought with a mortgage in 2015 – the lowest in the country. This reflects the fact that such highly priced homes sit well beyond the top of the typical family housing ladder outside of the South of England. (see table 2)At the more expensive end of the market, mortgages are used less often. In 2015, 55 per cent of homes in the £1-2m bracket were bought using a mortgage. This compares to 30 per cent for the £2-5m bracket and just 9 per cent for homes worth over £5m.The number of buyers using a mortgage for £1-2m homes in Great Britain has increased by 139 per cent (2008-2015). The number using a mortgage to purchase a property of between £2-5m increased by just 36 per cent over the same period. (see table 1)In the first quarter of 2016 the number of £1m plus homes bought with a mortgage has continued to rise. Between January 2016 and March 2016, 51 per cent of £1m plus homes were bought using a mortgage, 60 per cent in London.Hamptons Hamptons International Research £1m+ homes £1m+ mortgages May 5, 2016The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Hamptons: “Mortgages for £1m+ homes reached highest level in 10 years” previous nextProducts & ServicesHamptons: “Mortgages for £1m+ homes reached highest level in 10 years”£1m homes are no longer just for the super-wealthy.The Negotiator5th May 20160721 Viewslast_img read more

Has the CML changed its tune on longer tenancies?

first_imgThe Council of Mortgage Lenders (CML) has backed the government’s recent housing White Paper and says there is an “increased appetite” among lenders to advance mortgages to landlords who accommodate renters on longer tenancies.The White Paper sets out how the government is planning to create more secure, longer tenancies for families that would last up to three years and give people ‘the security they need to plan for the future’, Prime Minister Theresa May says in its introduction.Although the initiative has encountered criticism from some quarters of the property industry including eMoov chief execute Russell Quirk, who described the White Paper as ‘recycled rhetoric’, it has been welcomed by most agents and consumer groups including housing charity Shelter.The CML says it is keen to assist the government as it ‘works towards a market in which those renting can find a tenancy to suit their needs’.“Lenders already contribute to the funding of private and social rented housing, as well as owner-occupation, so we welcome and are comfortable with the cross-tenure approach in today’s white paper,” says Paul Smee, the CML’s director general.“We are now ready to work with the government, and with members and others, on the detailed implementation of these proposals. We want to play our part in developing a coherent, long term plan to deliver more housing and help ensure that it is durable, affordable and in the locations and tenures that people want.”But the CML has come under fire as recently as last month for its members’ resistance to long-term tenancies. Up to half of lenders – research by Shelter revealed – are reluctant to sanction because, should the landlord default on the loan it would be difficult for the lender to then sell the property to recoup their loan by selling the property.The National Landlords Association (NLA) also believes that lenders could ‘do more to help’ and that many landlords remain on inflexible legacy mortgages.longer tenancies Shelter Council of Mortgage Lenders February 10, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Has the CML changed its tune on longer tenancies? previous nextRegulation & LawHas the CML changed its tune on longer tenancies?’Increased appetite’ to advance mortgages to landlords offering three-year contracts, it is claimedNigel Lewis10th February 20170612 Viewslast_img read more

Gimme shelter… three million people just a month’s pay away from eviction

first_imgHome » News » Housing Market » Gimme shelter… three million people just a month’s pay away from eviction previous nextHousing MarketGimme shelter… three million people just a month’s pay away from evictionCharity Shelter attacks ‘grossly expensive’ private rents and the financial insecurity that it brings.Sheila Manchester20th September 20192 Comments493 Views While a Tory donor has bet £300million against share price crashes for top British businesses following Brexit, three million people in England are one pay cheque away from losing their homes because they cannot pay the rent, says the housing charity Shelter.The Government says that it has committed £400 million to help help homelessness and rough sleeping. Nearly half of all working people living in privately rented homes in England would be unable to afford rent for more than a month if they lost their job, the charity said in a new report.“I have two jobs, but I’m still in a precarious position. If for some reason I lost my job, I worry how quickly we’d end up homeless,” Zoe, a 44-year-old single mother, told Shelter. “I know it’s the same for thousands of other people like me – when you scratch the surface so many people are living month to month.”A report by the Children’s Commissioner for England in August says that thousands of homeless children are forced to sleep in converted shipping containers and guesthouses, in often dangerous environments.“Millions of working people are caught in an endless cycle of paying grossly expensive private rents they can barely afford – with all the insecurity that brings,” said Polly Neate (left) Chief Executive of Shelter. “Many are terrified that even a short-term dip in income could result in them losing their home for good.”The government also said it had committed over 400 million pounds ($500 million) to help reduce homelessness and rough sleeping – along with pledging to deliver an additional 250,000 affordable homes by March 2022.“Our reforms have increased the amount of social housing stock by 79,000 since 2010,” Britain’s housing minister Esther McVey told the Thomson Reuters Foundation on Thursday. We’re committed to building the homes this country needs.” September 20, 2019Nigel Lewis2 commentsjeremy clarke, Belvoir Christchurch Belvoir Christchurch 20th September 2019 at 2:43 pmIf Shelter did what most people think they do, housing people rather than trying to score points by destroying the private rental sector, then there would be no issue. But they don’t; Polly Neate and the other directors with their bloated salaries and pensions have only one agenda that being the destruction of the PRS.Log in to ReplyMark Bretherton, Martyn Meade Martyn Meade 20th September 2019 at 9:46 amJesus wept! What planet do Shelter live on? If you are only a month away from eviction then you must already be in trouble.If Shelter are so concerned with the state of the rental market, then maybe they should be doing it themselves?Log in to ReplyAny comments? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img read more

Spanish Sunshine Tour Presses Ahead Despite Mayor’s Plea to Postpone

first_imgControversy is brewing in Spain with confirmation that the seven-week Sunshine Tour at Vejer de la Frontera will go ahead despite a heartfelt plea from the local mayor to postpone it due to escalating Covid-19 infections in the area.Mayor Francisco Manuel Flor Lara said the equestrian activity was incompatible with Spanish citizens currently being subject to stay-at-home orders, night-time curfew and restricted travel between regions. “It is not justifiable to organize such an event at this time, when we are asking the population to stay at home and not go out on the streets,” he said. “It is a very important event for our residents and the region, but we cannot allow it at this time.”The town has a population of 13,000. To keep visitors away from its famous beach at El Palmar, local government last year closed all but one access road and monitored properties used at holiday rentals.Huge numbers of European riders flock south to sunnier Mediterranean climes in January. The first of the tours at Vejer de la Frontera – founded in 1994 – is due to start on February 9 through March 28. The venue attracts 2,000 horses and 400 jumping riders from 40 countries, all vying for 38 rankings classes and Euros 2 million in prize money.The organizers say there will be strict safety protocols, as set by the Spanish health ministry and the Spanish equestrian federation. Riders must provide a negative Covid test 72 hours before arrival. Air purifying systems have been installed, communal areas will be disinfected and face masks worn.Justifying their reasons to proceed, organizers point out sponsorship from the regional tourism agency and prestigious companies and that is followed by fans in 200 countries. In a normal year it generates 25 million euros for the regional economy, according to a study by the University of Cádiz.A statement issued by the organizer also claimed this was “necessary sports planning,” providing qualifying competitions for the European and World Championships and Olympic Games, even though it is arguable whether more than a handful of riders genuinely in contention for upcoming championships are still actively seeking minimum qualifications.Spain has one of the worst shortages of Covid vaccine in the EU. Deputy head of Madrid’s regional government, Ignacio Aguado, said that his region will stop vaccinating new patients for two weeks to ensure others can receive their second doses. He said that at “the current pace” Spain will be far off its target of vaccinating 70% of the population by the end of summer and is unlikely to reach general immunity until 2023. Tags: show jumping, Spain, Sunshine Tour, Vejer de la Frontera, Covid, Email* Subscribe to the Horse Sport newsletter and get an exclusive bonus digital edition! More from News:MARS Bromont CCI Announces Requirements For US-Based RidersThe first set of requirements to allow American athletes and support teams to enter Canada for the June 2-6 competition have been released.Canadian Eventer Jessica Phoenix Reaches the 100 CCI4*-S MarkPhoenix achieved the milestone while riding Pavarotti at the inaugural 2021 CCI4*-S at the Land Rover Kentucky Three-Day Event.Tribunal Satisfied That Kocher Made Prolonged Use of Electric SpursAs well as horse abuse, the US rider is found to have brought the sport into disrepute and committed criminal acts under Swiss law.Washington International Horse Show Returns to TryonTIEC will again provide the venue for the WIHS Oct. 26-31 with a full schedule of hunter, jumper and equitation classes. SIGN UP Horse Sport Enews We’ll send you our regular newsletter and include you in our monthly giveaways. PLUS, you’ll receive our exclusive Rider Fitness digital edition with 15 exercises for more effective riding.last_img read more

UK: Crew Says Farewell to HMS Cornwall

first_img View post tag: UK View post tag: says View post tag: News by topic Authorities View post tag: Naval View post tag: crew July 6, 2011 Back to overview,Home naval-today UK: Crew Says Farewell to HMS Cornwall View post tag: Farewell The crew of HMS Cornwall said farewell to the ship last week at a decommissioning ceremony at Devonport Naval Base.The ceremony, held on Thursday 1 July 2011, marked the retirement of the ship from the Royal Navy after 23 years, and was an occasion for the ship’s captain, Commander David Wilkinson, to pay tribute to her affiliated organisations and the county of Cornwall as a whole for their support.Commander Wilkinson said he and the ship’s company had been proud to represent the nation and Cornwall worldwide on operations and other duties.The event included a parade of the crew, a band of the Royal Marines, a religious service, the ceremonial final sounding of the ship’s bell and the lowering of the commissioning pennant, White Ensign and Union Flag.HMS Cornwall, known as the ‘Fighting 99′, is the last of the Type 22 frigates to be decommissioned under the MOD’s Strategic Defence and Security Review. Sister ships HMS Cumberland, HMS Chatham and HMS Campbeltown have preceded HMS Cornwall.The ship has circumnavigated the globe, visited every ocean, taken part in Cold War operations, and recently served east of Suez on counter-piracy duties.Commander Wilkinson described his ship as world-beating and was proud to have served with his crew over the last 13 months, who he thanked for their support and professionalism. He said they were both compassionate and aggressive when needed, served with good grace and humour, and were his strength.He added: “My ship’s company have been fantastic, a wonderful example of the youth of today. I look back on my command with pride. It is an honour to be the last commanding officer of HMS Cornwall. “I hope the people of Cornwall have good memories of HMS Cornwall and all who served on her. This was an occasion to say farewell and to thank the county of Cornwall. The freedom of the city of Truro parade by the ship’s company on the 13th of July is a chance for the country to say goodbye to us.”Chief Petty Officer John Midwood, of Dewsbury, near Leeds, lowered the White Ensign for the last time at the stern of the ship.Most of the crew will stay together until late October 2011 after which they will attend courses and move onto new posts. In the meantime the physical decommissioning process will continue but the future of the ship is yet to be determined.[mappress]Source: mod, July 6, 2011 View post tag: HMS View post tag: Navy UK: Crew Says Farewell to HMS Cornwall Share this article View post tag: Cornwalllast_img read more

Japanese Coast Guard Patrol Ship Arrives at Port of Korsakov to Attend Russian-Japanese Exercise

first_img View post tag: Guard Training & Education View post tag: of View post tag: At View post tag: Russian-Japanese Japanese Coast Guard patrol ship arrives at the port of Korsakov (Sakhalin Island, Russia) on Oct 25 to attend Russian-Japanese exercise of frontier services, reports RIA Novosti referring to a representative of Sakhalin Coast Guard Dept Natalia Yershova.“Japanese patrol ship Soya will stay at Sakhalin till Oct 28. Purpose of the visit is improvement of international cooperation between border guard agencies of the two countries and countering trans-frontier criminality at sea”, Yershova said.According to her, apart from joint exercise the visit program includes solemn meeting ceremony at Korsakov port, courtesy visits of Japanese delegation, state receptions arranged by both parties, and concerts for the crews of Russian and Japanese ships. Besides, residents and guests of Sakhalin Island will be allowed to visit a Russian Coast Guard ship and Japanese patrol vessel Soya.The history of mutual official calls paid by Sakhalin and Japanese frontiersmen goes back to 2000. When the memorandum of cooperation development between Russian FSB Frontier Service and Japanese Coast Guard was signed, a Sakhalin patrol ship for the first time attended the naval parade in Tokyo Bay. In 2003 two other Russian patrol vessels participated in an exercise jointly with Japanese ships. Since 2007 this trend has received new impulse; joint drills and official visits of Russian and Japanese border guards are becoming regular. The most eventful year was 2008 when frontier agencies of both countries celebrated jubilees; Russian Frontier Service turned 90, and Japanese Coast Guard – 60.Such close cooperation promotes mutual understanding and helps to protect territorial waters of both countries more effectively, respond to regional challenges rapidly, and reach compromise in problematic issues.[mappress]Source: rusnavy, October 26, 2011; View post tag: coast View post tag: Navy Back to overview,Home naval-today Japanese Coast Guard Patrol Ship Arrives at Port of Korsakov to Attend Russian-Japanese Exercise View post tag: Naval View post tag: News by topic Share this article View post tag: port View post tag: Korsakov View post tag: Patrol October 26, 2011 Japanese Coast Guard Patrol Ship Arrives at Port of Korsakov to Attend Russian-Japanese Exercise View post tag: attend View post tag: Arrives View post tag: to View post tag: ship View post tag: Japanese View post tag: Exerciselast_img read more

USS Abraham Lincoln Holds Burial at Sea

first_img View post tag: holds View post tag: At Share this article View post tag: USS USS Abraham Lincoln Holds Burial at Sea Sailors attached to USS Abraham Lincoln (CVN 72) committed the remains of 44 veterans and dependents to their final resting place in the Pacific Ocean during a burial-at-sea ceremony, Dec. 15.The interred received full military honors, including a 21-gun salute under the direction of Capt. Timothy Kuehhas, Abraham Lincoln executive officer, and Cmdr. Denis Cox, command chaplain.Cox said he believes this kind of ceremony highlights the character and heritage that Sailors hold dear.“It continues a great tradition that we have in the Navy that we will take care of our shipmates even in their death,” said Cox. “We will bury them at sea, and we will do it with honor, solemnity and dignity.”While Cox has been through ceremonies like this before, it was a new experience for many others in attendance, including Chief Aviation Electronics Technician Jovan Gates.“It was a very humbling and solemn ceremony,” Gates said. “It reminded me that one day it’s going to be me heading to the bottom of this ocean, too.”Throughout the last week, as Cox cared for the remains, he said he grew attached to all 44 of the people he was watching over.“As I’m going through these files, time and time again, getting the spellings correct, getting their ranks or their ratings all correct, I began to form a bond,” he said. “I began to bond with all of these people, with their stories and with their families. It was an honor and a privilege to be able to enter into their lives and do this.”Cox said there was one story in particular that highlighted the love and respect some Sailors have for the sea and their Navy. Among the 44 people committed to the ocean today, two were a couple who died at different times and wished to be buried at sea at the same time.“They wanted to do this together,” Cox said. “Now they’re resting together at sea.”[mappress]Naval Today Staff , December 19, 2011; Image: navy Training & Education View post tag: Burial View post tag: Navalcenter_img View post tag: News by topic View post tag: Lincoln View post tag: Abraham December 19, 2011 Back to overview,Home naval-today USS Abraham Lincoln Holds Burial at Sea View post tag: sea View post tag: Navylast_img read more