first_imgTuesday 25 January 2011 9:24 pm WHAT THE TWO SIDES SAY Show Comments ▼ Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof whatsappcenter_img Sky“Ofcom’s analysis is deficient. The deal will have minimal impact on consumers and would not enhance News Corporation’s ability to influence the news”“News Corp alleges that Ofcom did not have an open mind when considering the issue of plurality. This allegation is without foundation.”TIME LINE | TWISTS AND TURNS OF THE BIDJune 2010: News Corp bids for the 61 per cent of Sky it doesn’t already own. News Corp shares jump four per cent despite the £7bn offer. The bid is swiftly rejected by the Sky board who say the firm is worth more.July 2010: The two sides hold meetings to discuss the value of the firm. No further bid is made and the firms decide to put talks on ice until regulatory approval is given to a potential bid. September 2010: Business secretary Vince Cable, who has jurisdiction over the bid, asks Ofcom to draft a report advising whether the Competition Commission should become involved.October 2010: UK media companies including the Telegraph and the Mirror release a joint statement condemning the bid.December 2010: Cable is caught in a sting by reporters, bragging about “going to war” with Rupert Murdoch.January 2011: His replacement Jeremy Hunt delays final decision to give News Corp time to file evidence. Share whatsapp KCS-content last_img read more

Sportech rejects Standard General takeover approach

first_imgM&A In August, chief executive Richard McGuire said the business would focus on “rigorous cost management” in order to mitigate these losses. Email Address Of this total, it expects £27.0m in service revenue, £1.0m from the sale of goods, £900,000 from its Bump 50:50 lottery product, £15.0m from services at its horse racing venues and £2.0m from food and beverages. Betting technology provider Sportech’s board has unanimously rejected the latest of multiple approaches regarding a takeover from New York-based investment fund Standard General, which valued the business at £53.8m. The 28.5 pence per share offer was one of “several” that  Standard General said it made, and followed a 25.0 pence per share offer, Sportech said. Standard General said Sportech had declined to enter into discussions toward a deal for all of the prior offers, but that it still hoped to engage with the board. Topics: Finance Strategy Results 2020 M&A In 2021, Sportech expects the business to rebound, with revenue growing to £58.4m in revenue, then declining to £54.8m in 2022, though both these figures are still below 2019 levels. After publicly announcing the approaches yesterday (5 November), Standard must now by 3 December either announce a firm intention to make an official takeover offer or announce that it will not do so.  Sportech’s board said the 28.5 pence per share offer “fundamentally undervalues [its] businesses and prospects”. In the first half of the year, Sportech’s losses widened five-fold as the impact of the novel coronavirus (Covid-19) led to a 38.7% drop in revenue to £20.2m. Sportech’s expected costs of sales are £12.3m, for a gross profit of £33.6m, down 28.3%. After marketing and distribution costs and ordinary operating costs, Sportech is projected to make an £11.2m operating loss in 2020, 45.4% more than 2019’s loss. After tax and financial income, Sportech’s loss is projected to be £12.2m, up 8.9%. However, it projects a loss of just £500,000 in 2021 before returning to profit in 2022, with £1.4m. Regions: US 6th November 2020 | By Daniel O’Boyle AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter With the rejection, Sportech also released certain financial information. It said it expects revenue of £45.9m for 2020, down 29.2% largely due to the impact of the novel coronavirus (Covid-19) pandemic. The business expects earnings before interest, tax, depreciation and amortisation (EBITDA) in 2020 of £1.9m, down 74.9%, before a projected rebound to £8.0m in 2021. The business’ shares closed at 18.0 pence per share on 27 October when the offer was made, but following news of the offer, they have risen to 22.6 pence. Subscribe to the iGaming newsletter Sportech rejects Standard General takeover approachlast_img read more

The best UK shares to buy now? Why I’d buy these 5 stocks

first_img Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Rupert Hargreaves | Sunday, 16th August, 2020 Rupert Hargreaves owns shares in ITV and Unilever. The Motley Fool UK has recommended GlaxoSmithKline, ITV, and Unilever. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Image source: Getty Images Trying to find the best UK shares to buy can be a daunting process. There are thousands of stocks to choose from on the market.However, there are a couple of businesses that stand out as being well run, with internationally diversified operations and large profit margins. 5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…While some of these UK shares are currently struggling, their long-term outlook is exciting. As such, now could be a great time to snap up a share of these stocks for the long haul while they’re trading at a depressed level. UK shares on offer GlaxoSmithKline may be one of the most underappreciated UK shares. The company is one of the largest pharmaceutical businesses in the world. It’s a global leader in the production of vaccines, HIV treatments and consumer healthcare products.But despite these advantages, investor sentiment towards the business seems depressed. It’s trading at a discount of around 25% to the rest of the global pharma sector. With a dividend yield of 5.2% on offer as well, investors who buy the stock today may see high total returns in the long run. UK shares Aviva and ITV also look cheap at the time of writing.Shares in ITV have fallen by around 50% over the past few months. Investor sentiment towards the broadcaster has plunged as advertisers have pulled revenue in the coronavirus pandemic.Still, the latest trading update from the group was positive, with the company reporting an improvement in operating conditions in July. It could be worth buying the undervalued business as a play on the UK economic recovery. Meanwhile, Aviva has recently become one of the few UK shares to restore its dividend. Like ITV, the stock also looks cheap. It’s selling at a price-to-book value of just 0.6, which implies the stock offers a wide margin of safety at current levels. The resumption of the dividend will also provide investors with a steady income stream as growth returns. Defensive investment For investors looking for defensive UK shares, National Grid could be a good option. The pandemic has impacted the utility business, but its position in the industry has shielded it from the worst.The demand for electricity is unlikely to fall in the UK over the next few decades. Therefore this business, which operates the majority of the country’s grid infrastructure, should continue to see rising profits. Finally, if you’re looking for the best UK shares to buy today, Unilever certainly deserves a closer look. The international consumer goods giant has been able to ride out the pandemic with relative ease.Sales have been steady as rising demand for cleaning products has offset declines in other areas. This trend seems likely to continue. As well as sales growth, the company also offers a 3%+ dividend yield. That seems highly attractive in the current interest rate environment.  I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Enter Your Email Address The best UK shares to buy now? Why I’d buy these 5 stockscenter_img Simply click below to discover how you can take advantage of this. Our 6 ‘Best Buys Now’ Shares I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! “This Stock Could Be Like Buying Amazon in 1997” See all posts by Rupert Hargreaveslast_img read more

Diocese of Chicago plans to offer headquarters for sale

first_imgDiocese of Chicago plans to offer headquarters for sale Family Ministry Coordinator Baton Rouge, LA Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Rector Knoxville, TN Rector Pittsburgh, PA Canon for Family Ministry Jackson, MS Associate Priest for Pastoral Care New York, NY Assistant/Associate Priest Scottsdale, AZ Youth Minister Lorton, VA Rector (FT or PT) Indian River, MI In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Associate Rector Columbus, GA Featured Jobs & Calls Assistant/Associate Rector Washington, DC Rector Martinsville, VA Rector Hopkinsville, KY Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest New Berrigan Book With Episcopal Roots Cascade Books Submit a Press Release An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Rector Collierville, TN Rector/Priest in Charge (PT) Lisbon, ME The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Press Release Service Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Priest-in-Charge Lebanon, OH Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Bishop Diocesan Springfield, IL Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Submit an Event Listing Rector Albany, NY Rector Washington, DC Director of Music Morristown, NJ Rector and Chaplain Eugene, OR AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Missioner for Disaster Resilience Sacramento, CA Rector Shreveport, LA TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab [Diocese of Chicago] The Episcopal Diocese of Chicago intends to offer its downtown Chicago, Illinois, headquarters for sale in the coming months, Bishop Jeffrey D. Lee announced on Sept. 15.The building, located at 65 E. Huron St. on the Near North Side of Chicago, was built in 1967 and significantly renovated in 2012. The diocese spends $750,000 each year to maintain it, a figure that Lee called “increasingly unsustainable.”“Put simply, maintaining an underused diocesan headquarters in an expensive building on prime real estate is not good stewardship of diocesan assets,” he wrote in a letter to the people of the diocese.The proposed sale, which will be managed by Andrew Norman and Yolanda Valle of CBRE, will create a fund that would function like an endowment and be governed by the diocese’s Bishop and Trustees, an elected body of laypeople and clergy. “Such a fund would be transformative for your ministry with the next bishop of Chicago and for many decades to come,” said Lee, who will retire as the diocese’s bishop at the end of 2020, after the election of his successor on Dec. 12.The Bishop and Trustees, which holds title to the property, intends to invest a “meaningful portion” of the sale’s proceeds in affordable housing, said Lonn Myers, the body’s first vice president. “Selling 65 E. Huron would help secure the future of our diocese’s ministry and also let us continue and expand our decades-long commitment to funding affordable housing,” he said. “God calls us to share what we have been given and care for our neighbors.”Lee said that while the pandemic has confirmed his decision to offer the building for sale, he and the diocese’s leaders have been discussing the idea for nearly a year. It was slated to be sold when he took office in 2008, he said, but when that deal fell through, he sought to address “urgent maintenance and accessibility issues” by launching a fundraising campaign in 2011.“It was critical to our ministry together,” he wrote of the renovations. “But the world around us has shifted since then, and today we know that the building’s final gift to us can be to help assure the diocese’s long-term financial viability.”The property is expected to be offered for sale in 2021. “Today is the beginning of a long journey that we will finish with our next bishop,” Myers said. “But we will always be grateful to Bishop Lee for leading us through this decision, which we believe will bear fruit for our churches for decades to come.” Associate Rector for Family Ministries Anchorage, AK Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Course Director Jerusalem, Israel Posted Sep 15, 2020 Priest Associate or Director of Adult Ministries Greenville, SC Rector Tampa, FL Rector Smithfield, NC Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Cathedral Dean Boise, ID Assistant/Associate Rector Morristown, NJ Curate (Associate & Priest-in-Charge) Traverse City, MI Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Submit a Job Listing Curate Diocese of Nebraska Featured Events Rector Belleville, IL Rector Bath, NC Director of Administration & Finance Atlanta, GAlast_img read more

Rally in Pennsylvania on International Day for Migrants

first_imgDecember 18 is recognized by the United Nations as International Migrants Day to spotlight the need for safe, orderly and protected movement of refugees and migrants in an era of global war and economic crisis.Despite rain, over 30 people rallied and marched on Dec. 18 in Norristown, Pa., a city of 34,000 people, of whom 26 percent are Latinx. (city-data.com) According to Carmen Guerrero of the Coalición Fortaleza Latina Pennsylvania, the “Celebración el Día Internacional del Migrante” was taking place in Norristown because this Philadelphia suburb had the “second highest number of deportations in the U.S. in 2015.”Norristown is a 287(g) city, the opposite of a sanctuary city. Instead of refusing to use municipal funds or resources to enforce unjust national immigration laws, Norristown police and officials work as if they themselves were official Immigration and Customs Enforcement agents. The 287(g) program instituted by ICE allows state and local law enforcement entities to enter into a partnership with ICE under a joint memorandum of agreement. (www.ice.gov/287g)One of the speakers at today’s rally gave an example of how ICE and Norristown cops work together. She reported an incident in which, just eight minutes after being picked up by local police, a migrant worker who had not committed any crime was being threatened with deportation by ICE agents. Norristown is an example of why the movement to declare universities, towns and other locations as sanctuaries for immigrants is so important.With many wearing raincoats and carrying umbrellas as well as signs, the crowd of immigrants and their supporters included eight children. They marched from the Norristown Municipal Building to the Montgomery County Courthouse, chanting “¡Sí, se puede!” A final rally there ended the event, but not before everyone gathered together for a group photograph.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Online newspaper editor freed on bail, pending trial on sedition charge

first_imgNews Raja Petra Kamarudin, the editor of the online newspaper Malaysia Today, was released today after paying bail of 5,000 ringgits (1,000 euros). He had spent three days in Songai Buloh prison on sedition charges for implying in a April 25 post that deputy prime minister Najib Razak and his wife were involved in the October 2006 murder of model Altantuya Shaariibuu. MalaysiaAsia – Pacific Organisation ————07.05 – Web censorship fears as online journalist faces sedition charge Reporters Without Borders today condemned the jailing of Raja Petra Kamarudin, editor of online publication Malaysia Today (http://www.malaysia-today.net/2008/) on a charge of sedition over an article on the murder of model, Altantuya Shaariibuu, implicating the deputy prime minister.Kamarudin refused to pay a fine of 5,000 ringgit (just over 1,000 euros) and is currently being held in Sungai Buloh prison, 25 kilometres from the capital Kuala Lumpur.Raja Petra Kamarudin, 58, nicknamed RPK, was arrested under the 1948 Sedition Act that punishes “any incitement to hatred, suspicion or contempt of any leader or government member”. He faces up to three years in prison. In his 25 April 2008 article headlined “Let’s send the Altantuya murderers to hell”, Kamarudin said he suspected deputy prime minister, Najib Abdul Razak, and his wife of being linked to the murder of the 28-year-old model, killed by two bullets to the head and found near Kuala Lumpur in October 2006. Najib Abdul Razak has denied Kamarudin’s allegations, calling them “groundless”.“This is the first time that a blogger has been officially accused of sedition in Malaysia,” the worldwide press freedom organisation said. “The authorities are using Raja Petra Kamarudin as a scapegoat. The government wants to silence online criticism. Given the state of the press, the Internet is the main space where citizens can express themselves freely. We urge the authorities to free Raja Petra Kamarudin while awaiting trial”. The authorities questioned Kamarudin about the article on 2 May, under the Communication and Multimedia Act, which provides for up to one year in prison and harsh fines for online publication of false or defamatory articles. Police have seized his computer.Reporters Without Borders managed to speak to the online editor on 3 May, when he expressed his “anxiety” that he could go to prison for refusing to speak. “My article is political, my blog is political, Najib Razak is a politician and this murder is political”, he told independent news website Malaysiakini.com.The ministry of internal security has been using the fight against incitement to racial hatred or insulting the King, to silence dissident voices, particularly bloggers. In July 2007, Justice Minister, Nazri Abdul Aziz, said the government would not hesitate to use the Internal Security Act (ISA) to punish them. The ISA provides for two years in prison without trial for offences such as “breaching state security”.Kamarudin has come in for previous harassment from the authorities. He was arrested in 2001 while running the website Free Anwar Campaign (http://www.freeanwar.net), campaigning on behalf of deputy Anwar Ibrahim, who was sentenced to nine years in prison for organising a demonstration against corruption in Kuala Lumpur in 1998. The Malaysian blogosphere is extremely vigorous and chiefly backs the opposition. Malaysia Today’s site has received the equivalent of nearly 8,000 euros in donations in the past 24 hours following an appeal launched yesterday by his associates at the start of legal proceedings against Kamarudin.His wife, Marina Lee, tried to visit Kamarudin today, but was not able to see him because ‘RPK’ had apparently waived his right to visits.Read RPK’s article : New Malaysian ordinance threatens very concept of truth Help by sharing this information March 17, 2021 Find out more Record fine for Malaysian news site over readers’ comments News Raja Petra Kamarudin, the editor of the online newspaper Malaysia Today, was released today after paying bail of 5,000 ringgits (1,000 euros). He had spent three days in Songai Buloh prison on sedition charges for implying in a April 25 post that deputy prime minister Najib Razak and his wife were involved in the October 2006 murder of model Altantuya Shaariibuu.“The authorities let me go because they could not guarantee my safety in prison,” he told Reporters Without Borders. He was being threatened by two fellow inmates for reawakening media interest in the allegations against the deputy prime minister.Known as RPK, Kamarudin faces up to three years in prison under the 1948 Sedition Act, which punishes “incitement to hatred, suspicion or contempt for any leader or government member.” His trial has been set for 6 October.More than 8,000 euros were raised by appeal launched by his friends on 6 May for funds to help obtain his release. Kamarudin has decided to use the money to create a defence fund for bloggers, to be used for paying bail and legal fees when bloggers are prosecuted. Malaysian cartoonist Zunar facing possible sedition charge again to go further RSF_en May 9, 2008 – Updated on January 20, 2016 Online newspaper editor freed on bail, pending trial on sedition charge MalaysiaAsia – Pacific News Related documents Malaise_-_Malaysia_Times_-2.pdfPDF – 29.07 KB February 22, 2021 Find out more Follow the news on Malaysia News Receive email alerts January 29, 2021 Find out morelast_img read more

Los Angeles County Sheriff’s Department Releases Information About Spate of Recent Altadena Shootings

first_imgHome of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Top of the News In the past two and a half weeks, four shootings have been reported in Altadena, one of which occurred within an hour of a double shooting in Pasadena’s Robinson Park.Investigators are looking into the possibility that several of the shootings may be gang related, Sheriff’s Department officials said Tuesday.The Los Angeles Conty Sheriff’s Department, in a statement, said that although “we can share some additional details about the incidents, however, there are some aspects we cannot share concerning the crimes due to ongoing investigations.”“Stopping violent acts such as these will take all of the Altadena community to work with Law Enforcement and share information to help solve and stop these incidents from occurring,” the statement said.Here is what the Sheriff’s Department shared about the recent shootings:On Monday, July 25, 2016, at 11:00 pm, an adult male and female were in a car in the 600 block of East Pine St. The male victim sustained a wound to his left palm and right wrist. The victim was transported to a local hospital where he was listed in stable condition.On Tuesday, July 26, 2016, at 1:30 am, a shooting occurred on Lake Avenue and Woodbury Rd., in Altadena. The male victim was in a vehicle when he was fired upon and sustained wounds to his left hand and left knee.On Tuesday, July 26, 2016, at 2:30 am, a shooting occurred in the 200 block of West Calaveras St., in Altadena. Seven people were inside a residence when it was fired upon. No one was injured.On Saturday, July 30, 2016, at 9:00 pm, an adult male was walking in the 2200 block of North Lincoln Ave., in Altadena when he was fired upon. The victim sustained a wound to his left leg. The Sheriff’s Department urged any member of the public with information about any of these shootings to contact Crime Stoppers at  www.LAcrimestoppers.orgThe purpose of Los Angeles Regional Crime Stoppers is to prevent and reduce crime, by forming a partnership among the community, law enforcement and the media to offer anonymity and cash rewards to anyone providing information leading to an arrest, making the community a safer place for all who live or work in the region.Crime Stoppers encourages members of the community to assist local law enforcement agencies in the fight against crime by overcoming the two key elements that inhibit community involvement: fear and apathy.The Department said, its release, that all crime tips are completely anonymous. No personal information, phone number, email address, IP address or location is ever requested, saved, traced, tracked or monitored, authorities said. Community News Make a comment Subscribe Your email address will not be published. Required fields are marked * HerbeautyBaby Boom: The Stars Are Getting Busy In QuarantineHerbeautyHerbeautyHerbeautyThis Trend Looks Kind Of Cool!HerbeautyHerbeautyHerbeauty9 Of The Best Family Friendly Dog BreedsHerbeautyHerbeautyHerbeauty11 Ayurveda Heath Secrets From Ancient IndiaHerbeautyHerbeautyHerbeautyStop Eating Read Meat (Before It’s Too Late)HerbeautyHerbeautyHerbeautyWeird Types Of Massage Not Everyone Dares To TryHerbeautyHerbeauty Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Community News Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Public Safety Los Angeles County Sheriff’s Department Releases Information About Spate of Recent Altadena Shootings Published on Tuesday, August 9, 2016 | 8:38 pm More Cool Stuff First Heatwave Expected Next Week Business News 2 recommended0 commentsShareShareTweetSharePin it faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPasadena Water and PowerPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Name (required)  Mail (required) (not be published)  Website last_img read more

Plankton community structure and variability in the Scotia Sea: austral summer 2003

first_imgPlankton community structure in the Scotia Sea was investigated during January/earlyFebruary 2003 based on phytoplankton cell counts from 20 m depth and mesozooplankton countsfrom 0 to 400 m net hauls. Cluster analysis and multi-dimensional scaling revealed 4 major groups ofstations within each ordination that broadly corresponded geographically. A grouping of stations tothe east of the Antarctic Peninsula was characterised by low phytoplankton cell counts. The correspondinggrouping of stations in the mesozooplankton data were characterised by low abundance,overwintered state of many species, low egg production rates, and low carbon mass of copepodinstars. In contrast, groupings of stations in the northern part of the Scotia Sea were characterised aschlorophyll and mesozooplankton rich, and the summer generation was well advanced. Latitude wasmost strongly correlated with mesozooplankton community pattern (rank correlation ρ = 0.608),whereas surface chlorophyll a was a weaker correlate (ρ = 0.344) but along with measures of sizefractionedchlorophyll contributed towards explaining variation in species stages carbon mass andegg production rates. Additional hauls to 1000 m with an LHPR indicated copepod populations werebroadly in an overwintered state in the south of the region, whereas to the north of South Georgiarecruitment had been completed and some species were undergoing a seasonal descent. A comparisonwith January/February 2000 revealed higher abundances of krill larvae throughout the ScotiaSea in 2000 as well as a more advanced generation of the copepod Calanoides acutus. Ice cover duringthe 2 years differed considerably; in 2000 the position of the summer ice edge broadly accordedwith the 25 yr average, whereas in 2003 the ice edge lay much further north than usual. We suggestthat the timing of ice retreat influenced the timing of reproduction with the late retreat in 2003causing delayed reproduction and reduced population sizes.last_img read more

Santos exercises option to acquire 80% stake in WA-488-P permit offshore Australia

first_imgUnder the terms of the agreement, Santos will finance 100% of the cost of the Beehive-1 exploration well in the permit area Image: Santos exercises Beehive option offshore Western Australia. Photo: courtesy of C Morrison/Pixabay. Australia-based oil firm Santos has conditionally exercised an option to acquire an 80% stake in the WA-488-P permit containing the Beehive prospect offshore Australia, from Melbana Energy.Under the terms of the agreement, Santos will finance 100% of the cost of the Beehive-1 exploration well in the permit area.Santos is in discussions with numerous parties on participation in the exploration well. France’s Total had decided not to proceed with the stake acquisition in the permit.The company has also specified that the work that it has carried out regarding rig availability indicates drilling might not be able to commence prior to the end of the current permit year of December 2020.Santos needs to complete farm-down before 4 March, 2020 for acquisitionMelbana has granted Santos until 4 March, 2020 to complete a farm-down of its right to buy 80% stake. If successful, the companies would then seek an extension to the current permit year.In case, Santos fails to complete a farmdown by March 2020, Melbana will retain a 100% interest.Santos has also agreed to fund an application for an environmental permit for Beehive-1.Melbana chairman Andrew Purcell said: “Santos’ decision to farmdown its large equity interest in Beehive is entirely consistent with its recently stated strategy of optimising its portfolio through acquisitions, disposals and farmouts, particularly in northern Australia where it is working to reduce its equity in the Barossa field and Darwin LNG to 50% or less.“We’re pleased to continue to work cooperatively with Santos given the commitment they’ve shown to Beehive – a prospect with 388 million barrels of oil equivalent of prospective resource (best estimate) and potentially 1.6 billion barrels of oil equivalent of prospective resource (high estimate) which, if proven, would prove transformative for each of our companies and for northern Australia.”In September 2019, Santos, in a joint venture with British oil major BP, was awarded new acreage which lies adjacent to its existing oil discovery, Dorado, offshore Northern Carnarvon Basin in WA.The 50:50 joint venture will undertake exploration activities at the new permit, WA-541-P in the Bedout Sub-basin.last_img read more

Altera&Ocyan joint venture gets a new client

first_img Altera&Ocyan expanded its portfolio of clients through the assignment of Cidade de Itajaí FPSO. (Credit: D Thory from Pixabay.) Altera&Ocyan expanded its portfolio of clients through the assignment, on November 6th, of charter and operation agreements relating to Cidade de Itajaí (“CDI”) FPSO to a subsidiary of the Australian Stock Exchange Listed company Karoon Energy, which is the new concession holder of Shallow Water Block BM-S-40, containing the Bauna oil field, in the Southern area of Santos Basin. CDI has been operating at the Baúna field for Petrobras since 2013.The change of clients is due to the field acquisition by Karoon, which has also extended the agreements with Altera&Ocyan for a further four years, ensuring that CDI will operate at Bauna until February 2026, with two further option years to 2028.“We are excited to have Karoon as our new client, and about the extension of the agreements, which would have ended with Petrobras in February 2022. The extension shows that Altera&Ocyan has been delivering a high operating and safety performance, which adds market value to both our joint venture and the new field operator,” celebrates Jorge Mitidieri, Vice President of Integrated Services at Ocyan.Cidade de Itajaí FPSO has reached the milestone of 109 (update) million barrels of oil produced and operational uptime of 99.7%, from the operation’s start in 2013 to the current moment. Operated by the joint venture Altera&Ocyan (partnership 50/50 between Ocyan and Altera Infrastructure), the FPSO presents safety and performance indicators that reinforce its operational success.During the pandemic, the FPSO has not registered any case of COVID-19 onboard, the result of a rigorous prevention process and health protocols that has ensured the activities were not interrupted during the past months. Furthermore, we recorded over 930 days without loss time accidents.“We are pleased to announce this important multi-year FPSO contract with Karoon and are committed to work together to maximize the production in the future of the Baúna field and CDI”, commented Chris Brett, President Altera Production.Robert Hosking, Karoon Managing Director said “Karoon is very pleased to be joining Teekay&Ocyan at Bauna, their operational and safety record on the asset has been excellent and Karoon looks forward to a constructive relationship going forward”.Altera&Ocyan has two assets: Cidade de Itajaí (CDI) and Pioneiro de Libra (PDL) FPSO’s, both with long-term, consolidated agreements in effect.Cidade de Itajaí FPSOCidade de Itajaí is the first production unit operated by the Altera&Ocyan joint venture. Built at the Sembmarine shipyard in Singapore, the FPSO arrived in Brazil on December 29, 2012, starting operations on February 16, 2013.The asset can act in water depths up to 1,000 meters deep, with the capacity to produce 80,000 barrels of oil daily and to compress and reinject two million cubic meters of gas per day.The CDI has a female leadership. Mechanical engineer Nathalia Souza Teixeira, 31, who has overseen the vessel’s activities since November 2018. The team consists of around 60 members on board and 25 onshore, in addition to the team shared between the two Units in operation by the JV (the other unit is the FPSO Pioneiro de Libra). Nathalia is graduated from the Federal University of Minas Gerais and started her career at Ocyan in 2014. Source: Company Press Release Cidade de Itajaí FPSO has reached the milestone of 109 million barrels of oil produced and operational uptime of 99.7%, from the operation’s start in 2013last_img read more