Equinor, BP Canada make oil discoveries offshore Canada

first_imgThe two wells at the Cappahayden and Cambriol prospects have proved hydrocarbons presence Drilled was conducted with the semi-submersible drilling rig, Transocean Barents. (Credit: QR9iudjz0 from FreeImages) Norwegian firm Equinor and its partner BP Canada have made two oil discoveries offshore Newfoundland, Canada.Following drilling in the Flemish Pass Basin, the two wells at the  Cappahayden  and  Cambriol prospects proved hydrocarbons presence.However, Equinor said it is too early to provide specific information on volumes present at the two prospects.Equinor international offshore exploration senior vice-president Paul McCafferty said: “We are pleased to have made two discoveries offshore Newfoundland.“The results are a testament to the hard work and dedication of our team, who have executed a safe campaign with positive results – particularly considering the unique challenges faced during the COVID-19 pandemic.”Equinor operates the two wells with 60% stakeEquinor operates the two wells with 60% interest while BP Canada owns the remaining 40$ interest.Drilled using the semi-submersible drilling rig, Transocean Barents, the wells are located approximately 500km   east of St. John’s, Newfoundland and Labrador.The Cappahayden and Cambriol wells have a water depth of about 1,000m  and 600m respectively.Equinor said it has also drilled a top-hole at the Sitka prospect as part of the 2020 exploration campaign.The drilling programme consists of permanent abandonment and wellhead removal of exploration well Bay du Nord C-78z located on significant discovery license SDL 1055.It also includes drilling and abandonment of exploration well Cappahayden K-67 located on exploration license EL 1156; and drilling and abandonment of exploration well Cambriol G-92 located on exploration license EL 1156.Recently, Equinor secured drilling permit for an exploration well 7018/5-1 in the Norwegian North Sea from the Norwegian Petroleum Directorate (NPD).Located in production licence 960 area, the well 7018/5-1 will be drilled approximately 100km southwest of the Snøhvit field in the southern Barents Sea, off Norway.last_img read more

Trends revealed in ageing study

first_imgSeventy is the new 50, a report by HSBC and the Oxford Institute of Ageing has claimed. The 60-79 age group was found to be worth £59 billion, showing older people to be huge contributors to the economy. Prosperous over-sixties are increasingly pricing first-time buyers out of the property market. Contemporary trends, such as high divorce rates and more women without children, also mean that future pensioners will be unable to rely on family support. Matt Hackettlast_img

Dell EMC VxBlock 1000 Re-Defines IT Agility for the Enterprise

first_imgWhen it comes to IT, flexibility and agility are not just states of mind. If IT leaders are going to succeed in the digital era those attributes need to be built into modern IT platforms from the ground up.With that simple but powerful idea in mind we at Dell EMC are proud to unveil our latest Dell EMC VxBlock System offering. The Dell EMC VxBlock System 1000 is the most extensible Converged Infrastructure (CI) platform ever built. Rather than just building a CI platform that makes it simpler to manage compute and storage within the same stack, we made it possible for IT organizations to also mix and match both compute and storage components anyway they see fit.IT organizations can now mix and match Cisco UCS C-Series rack servers and Cisco UCS B-Series blade servers in the same platform depending on their diverse applications’ processing and scalability requirements. Each platform can be optimized for different classes of application workloads by relying on a proven architecture to create and share pools of IT infrastructure resources. When it comes to storage, Dell EMC now uniquely allows IT organizations to choose four types of storage arrays—Dell EMC Unity, VMAX, XtremIO, and Isilon — each optimized for various classes of workloads, now all within the same system, the VxBlock 1000.Dell EMC Unity provides a simplified approach to employing and managing all flash arrays, while XtremIO provides a higher performance option optimized to deliver maximum I/O performance with great efficiency for demanding services such as enterprise wide VDI. VMAX all flash storage delivers rich data services for mission critical workloads, Dell EMC Unity all flash is a good fit for general purpose workloads and Isilon storage provides a network-attached (NAS) scale-out system that delivers maximum capacity. When it comes to applications, there’s no such thing as one size fits all. The VxBlock 1000 provides a common rack environment that IT organizations can use to mix and match storage systems as needed.The days when separate cabinets were needed for each type of storage system are officially over!This approach not only allows IT organizations to preserve and maximize investments in IT infrastructure, but the Dell EMC VxBlock 1000 also increases server scalability by 56 percent (from 512 to 800 servers) and supports up to ten times the number of storage arrays (from one to ten arrays) compared to previous generations. For example, up to ten Dell EMC Unity arrays at 16PB each can be configured to provide a total primary storage capacity of 160 PB. Best yet, all of that is accomplished in a way that reduces the total amount of rack space for multi-technologies being consumed by up to 60 percent depending on the equivalent previous generation systems. For example, the footprint of Dell EMC Unity storage has been reduced by a factor of four, while the footprint of XtremIO storage has been reduced by a factor of two. The footprint of Isilon storage has been reduced by an astounding factor of six.Those gains will only be multiplied as IT organizations make the shift to next-generation NVMe-based storage systems to improve I/O performance. The Dell EMC VxBlock 1000 is one of the first NVMe-ready converged systems to be brought to market.Of course, our engineers didn’t just focus on the hardware. The management platform we make available for the Dell EMC VxBlock 1000 can manage up to eight different systems. Previously, IT operations teams would have to navigate separate management software for each VxBlock system. Now Not only has the management for multiple systems been unified: IT organizations canstreamline upgrades because there’s now one common process to be applied across multiple technologies previously found in separate VxBlock Systems or special extension cabinetry now within a single VxBlock 1000. That major  innovation will yield as much as a 75 percent reduction in overall lifecycle management time for multi-system environments, as well as an 80 percent reduction in the time it takes to identify critical updates.There’s an excellent reason IDC just confirmed that we are the industry leader when it comes to CI platforms with 48 percent market share. And IDC1 has documented VxBlock systems make IT operations more efficient by 66 percent while lowering cost of operations by 61 percent. Other crucial benefits include 52 percent less time spent on just keeping systems running, 34 percent faster application deployments, and a 99 percent reduction in unplanned downtime. That results in a 640 percent return on investment (ROI) in a five-year period, with the systems paying for that return within eight months of installation.There’s a lot alk these days about the critical importance of IT agility. That issue is naturally putting a lot of pressure on IT operations teams. Application owners now expect internal IT teams to be able to provide them with services optimized for their specific types of workloads and with a cloud-like experience. Provisioning of IT resources that once took weeks to accomplish now need to be completed in hours and minutes. That kind of operational efficiency can be achieved with standardized, yet highly flexible, pre-engineered systems, like the VxBlock.Our customers could not agree more.“We want to create IT almost like a vending machine. Users select the product they want. They put in their cost center and within seconds that product is delivered. “says John Grieco, Chief Technology Officer for The University of Vermont Health Network.Achieving that goal requires a level of standardization that can only be achieved by relying on pre-integrated systems. “Our strategy is to standardize at the hardware and software level ruthlessly using a converged infrastructure platform,” explains Grieco. “I want IT to be a dial tone service that is always there.”IT leaders are being judged not just on how available applications are, but increasingly how quickly IT enables the business to take advantage of new opportunities. The tolerance business leaders have for lengthy IT projects has never been lower. The assumption now is that IT needs to either keep up with or be faster than the pace at which the business is transforming. Achieving that goal starts with modern IT infrastructure based on a Dell EMC VxBlock System 1000 that is by far and away the most advanced converged infrastructure platform ever built bar none. We invite you to see for yourself by visiting the Converged Systems space on DellEMC.com to accelerate wherever your organization’s digital business transformation takes IT next._______________________________________________________________________1 These benefits are based on the IDC whitepaper sponsored by Dell EMC, “The Business Value of Modernizing Mission-Critical Applications with Dell EMC VxBlock Systems, October 2017.” (Actual results may vary.)last_img read more

Public call for allocation of funds from the Fund for co-financing the implementation of the EU project at the regional and local level for 2018 published

first_imgPublished public call for allocation of funds from the Fund for co-financing the implementation of EU projects at the regional and local level for 2018 for the use of grants may apply local and regional self-government units, legal entities majority owned or co-owned by local and regional units ) self-governments and institutions whose founders are local and regional self-government units and which have concluded an Agreement on the allocation of grants from EU funds.The conditions and criteria for the allocation of the Fund, eligible areas of co-financing, amounts of co-financing, the manner of submitting applications and other important elements for the allocation of the Fund are set out in the Public Call for Funds and Instructions for Beneficiaries.The available amount of funds allocated in the public call procedure is HRK 200.000.000,00. Applications for the allocation of the Fund will be received from August 16, 2018 until the use of funds planned for 2018, and no later than December 15, 2018, all the necessary application forms, available on the website of the Ministry in the section Public calls and tenders .last_img read more

Jafari-Fini tightens grip on Chesterton

first_imgTo access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week. Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletterslast_img

Presidential hopeful Bloomberg proposes new taxes, protections to rein in Wall Street

first_imgUS Democratic presidential candidate Michael Bloomberg on Tuesday outlined a sweeping financial services policy proposal to rein in Wall Street trading, boost consumer protections, increase Americans’ access to banking services and crack down on financial crime.The left-leaning platform marks a striking turnaround for the former Republican New York mayor and Wall Street investment banker who made his US$60 billion fortune in financial services and in the past has criticized reforms introduced following the 2007-2009 financial crisis.Trying to make a virtue of his Wall Street heritage, Bloomberg’s campaign argued on Tuesday that “as the founder of a successful global financial technology company, he understands the system well and is uniquely qualified to make it work better for all Americans.” Among the most eye-catching proposals are a tax of 0.1 percent on transactions in stocks, bonds and payments on derivative contracts, bolstering the “Volcker Rule” ban on banks’ proprietary trading and setting a trading speed limit – all of which take aim at Wall Street clients of Bloomberg Inc’s trading terminal.The proposal also pledges to reinforce protections eroded by the Trump administration by boosting bank capital levels, toughening banks’ annual health checks and restoring the Consumer Financial Protection Bureau’s rules curbing payday lending and its ban on imposing mandatory arbitration on consumers.Bloomberg also waded into the long-running debate on the future of housing finance giants Fannie Mae and Freddie Mac, which were bailed out during the financial crisis. He proposed to merge them to ensure taxpayers are fully compensated for the risks of guaranteeing the firms’ securities.While Bloomberg’s platform does not go as far as proposals backed by progressive rival presidential candidates Elizabeth Warren and Bernie Sanders, who have called for big banks to be broken up, it underscores how far the Democratic Party is moving to the left on financial and corporate policy issues. Bloomberg, a latecomer to the race who has so far spent $188 million of his own money on the campaign, will step onto the Democratic debate stage for the first time on Wednesday after exceeding the double-digit polling threshold set by the Democratic Party, with 19 percent support.“Our sense is that these proposals are primarily intended to blunt progressive attacks, especially with Bloomberg joining the debate stage for the first time on Wednesday evening,” Isaac Boltansky, director of policy research at Washington-based Compass Point Research & Trading, said in a note.“But the overarching tone of the proposals underscores the populist shift in the Democratic party and the heightened potential for significant policy shifts.”Bloomberg has previously proposed major tax hikes on the wealthy, including a higher capital gains rate and a 5 percent surtax on annual incomes that exceed $5 million.His newest proposal would also address the student loan crisis by automatically enrolling undergraduate students in income-based repayment plans, installing caps on debt payments and making it easier to discharge student debt via bankruptcy. It would curb debt collection agencies and bank overdraft fees.Touching on a key theme of Warren and Sanders, Bloomberg also proposed measures to boost Americans’ access to the financial system by offering a range of banking services through the US Postal Service, as well as launching a pilot program for free or nearly no-cost bank accounts.Adopting another familiar Democratic idea, Bloomberg proposed a new “corporate crime” team at the US Department of Justice that would be discouraged from using non-prosecution agreements, which impose fines without criminal charges.The proposals, in particular a transaction tax, are likely to spark strong pushback from the financial lobby, which is already fighting aggressively to rebut the idea. Such a tax was rejected by the Obama administration, but it has gained traction in Democratic circles in recent years.Under Bloomberg’s plan, the tax would be phased in gradually, starting at 0.02 percent, to “minimize any unintended consequences.”Ken Bentsen, CEO of the Securities Industry and Financial Markets Association, said a transaction tax would hurt middle class savers and retirees.“At a time when market development, efficiency and competition are driving the cost of investing toward zero, it makes little sense to increase the cost through what is essentially a sales tax. Further, the threat such a tax poses to the efficiency of the US capital markets is real. It begs the question, ‘What’s the point?’”Bloomberg began his career at investment bank Salomon Brothers, where he became a partner before later being laid off amid a company merger. He subsequently founded Bloomberg, the financial information and media giant whose desktop terminal is synonymous with Wall Street trading.Many Democratic-leading financiers had seen Bloomberg as a safe pair of hands and on Tuesday some analysts played down the risk his presidency would pose to the industry.“To win, a Democrat needs a plan to focus on big banks,” said Cowen Washington Research Group analyst Jaret Seiberg in a note “Bloomberg understands markets, which makes it less likely that he would push policies that could hurt the economy.”center_img Topics :last_img read more

Unai Emery must drop Granit Xhaka for Aston Villa clash, insists Charlie Nicholas

first_imgUnai Emery must drop Granit Xhaka for Aston Villa clash, insists Charlie Nicholas Advertisement Granit Xhaka has been below-par so far this season (Picture: Getty)Charlie Nicholas believes Arsenal boss Unai Emery has no option but to drop Granit Xhaka for Sunday’s clash against Aston Villa.The Swiss midfielder has come in for fierce criticism so far this term after putting in a number of below-par performances.Xhaka played a full 90 minutes in Arsenal’s 3-0 win against Frankfurt in Germany on Thursday and Emery is expected to freshen up his side for the visit of Villa.Mesut Ozil and Matteo Guendouzi could both come back into the side and Nicholas says it’s time for Xhaka to be dropped.ADVERTISEMENT Comment Advertisement Granit Xhaka’s been below-par this season (Picture: Getty)‘They must get more from Nicolas Pepe and he must be match fit now,’ said Nicholas.AdvertisementAdvertisement‘Pepe needs to use his trickery and pace to help Pierre-Emerick Aubameyang. Unai Emery must stick with Reiss Nelson or Joe Willock.‘How can you make sense of the defence? I don’t know who will partner David Luiz. It doesn’t matter whether there are one or two midfielders protecting the back four and I think it is time to leave Granit Xhaka out of the side.’More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing ArsenalArsenal threw away a two-goal lead against Watford in their last Premier League match.Nicholas is expecting plenty of goals at the Emirates but says Arsenal have enough firepower to overcome Villa.‘There are a lot of goals for Arsenal at home. Dani Ceballos must play and Mesut Ozil too – they moved it around well last week,’ said Nicholas.‘I like Mateo Guendouzi but he is young, naïve and gets attracted to the ball. They need to sort themselves out in defence and if they are not good enough, you leave them out. Put Lucas Torreira in front of midfield.’MORE: David De Gea hits back at critics of his form at Manchester United Metro Sport ReporterFriday 20 Sep 2019 6:02 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link2.6kShareslast_img read more

Virtual buyers bypass borders

first_imgBuying site unseen is fast becoming the new norm for southern buyers.Today’s border closure is unlikely to deter tech-savvy southern buyers who are turning to the Gold Coast as a safe haven during the COVID-19 crisis.Agents across the city are reporting a surge in transactions made sight unseen by buyers interstate, with no signs of slowing down. The weather, beaches and property prices are attractive to southern buyers. Photo: NCA NewsWire / Steve Holland Mega mansion set to go under the hammer Top end buyers splash their cash on main river Holiday accomodation provides may feel the pinch of fewer tourists travelling over the border. Photo Matt Roberts/Getty ImagesFive of the nine parties bidding on a Broadbbeach apartment on Wednesday were from Sydney and Melbourne. “Four of them hadn’t viewed the property personally but had done a private FaceTime inspection and were more than happy to proceed on that basis,” said Harcourts Coastal agent Tolemy Stevens. “If you take that back to the numbers two or three months ago, the trend is doubling, if not tripling, with buyers in the marketplace happy to do business via FaceTime.”More from news02:37International architect Desmond Brooks selling luxury beach villa7 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago Holiday rentals may feel the pinch RELATED: Southern buyers flee to Sunshine State The Gold Coast residential real estate sector continues to perform.Ray White Surfers Paradise Group chief executive Andrew Bell said the COVID crisis had made the Gold Coast more attractive than ever.“With the outbreaks in Melbourne and NSW doing all it can to keep things under control, for people down south the Gold Coast looks like a safe haven,” Mr Bell said. While the border closure would restrict the ease of doing business, Mr Bell said buyers had become more confident making virtual transactions.“The weekend before last we sold nine properties to people in Sydney, ACT and Melbourne who bought sight unseen,” he said. “With the greater use of technology, people are not prevented from buying.” While the residential real estate sector is in a strong position to weather the border blockade, holiday accommodation providers may bear the brunt. “Hospitality and holiday rentals will feel the majority of the impact,” said Andrew Henderson, Real Estate Industry of Queensland Gold Coast zone chair. “If the border isn’t open for the next school holidays, it could really hurt a lot of operators.”Mr Henderson said Queenslanders had “taken up the baton” to support tourism by booking holidays within the Sunshine State. last_img read more

Book too hot to handle for store

first_imgWairarapa Times-Age July 4 2013The novel voted as the best children’s book of the year contains explicit sex and drug-taking scenes which had one Wairarapa bookstore scrambling to pull it off their shelves.Ted Dawe’s Into the River claimed top prize in the annual New Zealand Post Children’s Book Awards.The author makes no apology for the provocative content, saying the story needs to be told, even at the risk of upsetting parents and booksellers.One scene describes, in extensive detail, two adolescents having fumbling sex in shallow water.Award organisers have sent “explicit content” stickers to all booksellers to warn potential buyers.The 2013 Kiwi Kids’ Good Book Guide lists the book’s target age as 13 years and over but Masterton Paper Plus says the book is only suitable for those over 15.Book manager Sue Reid said, while she usually monitors books when they arrive, the store had initially stocked it as it was a self-publication and had been “flying under the radar”.Mrs Reid said the book had now been removed from shelves.“While we are saying free speech, and people are free to write what they want, the conflict is that this is a children’s book winner. The book is actually aimed at 15-plus and it won in the category 13-plus.“The content is graphic and people who are pretty liberal have commented on how graphic it is.“Some of the staff have looked at it, and said ‘Oh my goodness’.”Mrs Reid said some Masterton school libraries had chosen not to stock the book, even before it won the award.Merchandise manager Catherine Raynes said the Paper Plus group left it up to individual stores to make the call.http://www.times-age.co.nz/news/book-too-hot-to-handle-for-store/1932452/last_img read more

Anti-communist leader gunned down

first_imgBACOLOD City – An anti-communist group leader was shot dead on the national highway in Barangay 2, San Carlos City, Negros Occidental. It was also reported that the Aguilar was a confidential agent for the Philippine National Police.He was rushed to the San Carlos City Hospital where the attending physician declared him “dead on arrival.” The 47-year-old Vivencio Aguilar sustained a gunshot wound on the head, a police report showed.  He is the president of Kilusan at Alyansa ng mga Dating Rebelde. According to police investigators, Aguilar – resident of Barangay Rizal, San Carlos City – was sitting inside his tricycle after buying construction materials with his brother-in-law when an unidentified suspect fired at the victim around 9:30 a.m. on May 3.The suspect then fled the scene onboard a motorcycle of a man waiting at a distance.center_img This police officer interviews a witness of the shooting incident that killed Vevincio Aguilar, an anti-communist group leader, in Barangay 2, San Carlos City, Negros Occidental on May 3. BRIGADA NEWS SAN CARLOS Officers of the San Carlos City police station have yet to identify the suspects and the motive in the killing./PNlast_img read more