ExxonMobil makes final investment decision

first_imgA day after being granted its production licence from the Guyana Government, US oil and gas giant ExxonMobil said it has made a final investment decision to proceed with the first phase of development for the Liza field located offshore Guyana, one of the largest oil discoveries of the past decade.The company also announced positive results from the Liza-4 well, which encountered more than 197 feet (60 metres) of high-quality oil-bearing sandstone reservoirs, which will underpin a potential Liza Phase 2 development.Gross recoverable resources for the Stabroek block are now estimated at 2 billion to 2.5 billion oil-equivalent barrels, which include Liza and other successful exploration wells on Liza Deep, Payara and Snoek.The Liza Phase 1 development includes a subsea production system, and a floating production, storage and offloading (FPSO) vessel designed to produce up to 120,000 barrels of oil per day. Production is expected to begin by 2020, less than five years after discovery of the field. Phase one is expected to cost just over $4.4 billion, and includes a lease capitalization cost of approximately $1.2 billion for the FPSO facility, and will develop approximately 450 million barrels of oil.President of ExxonMobil’s Development Company, Liam Mallon, said the company is excited about the tremendous potential of the Liza field, and is accelerating first production through a phased development in the lower cost environment.He said the company will work closely with Government, its co-ventures and the Guyanese people in developing the world-class resource that will have long-term and meaningful benefits for the country and its citizens.The Liza Phase 1 development can provide significant benefits to Guyana, including jobs during installation and operation; workforce training; local supplier development; and government revenues to fund infrastructure, social programs and services.Government on Thursday officially handed ExxonMobil and its partners a Production Licence.The announcements were made on Thursday by Natural Resources Minister Raphael Trotman as members of the National Assembly gathered to consider the second reading of the Petroleum Commission of Guyana Bill.Delivering his preamble to the debate on the Petroleum Bill – meant in part to create the Petroleum Commission – Minister Trotman recalled for the House the significant discovery made by ExxonMobil and its partners, as announced back in May 2015.Since that discovery, Trotman told the House, the ministry has been able to assess the quantum and value of that find at the Liza Well, which is said to contain a minimum of some 800 million barrels, and possibly a maximum of 1.4 billion barrels.According to Minister Trotman, the other international operators in Guyana have signalled their intention to continue with exploration activities. Only recently, one such operator – Tullow — operating in the Orinduik block, indicated that it would be scaling-up its exploration activities to encompass its entire concession.RoyaltiesMeanwhile, the Government remains satisfied with the two per cent royalty it negotiated with ExxonMobil. This is according to Minister of State, Joseph Harmon, during a post-cabinet press briefing.“I’ve seen statements about whether two per cent or five per cent is enough. I think that is something that will go on, but I have the full confidence that our Minister of Natural Resources has gotten the best advice possible in the circumstance.”Harmon was adamant that whatever agreement was arrived at between Guyana and ExxonMobil had benefited from local and international input. He also said that the agreement was in line with best practices.But when told of the average royalty rates that exceed Guyana’s rate, which other countries have obtained, Harmon defended the two per cent.“We have been given the best possible advice, and every situation has to be dealt with on its merit. Our situation may not be the same as another country’s situation,” Harmon affirmed.last_img read more

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Tracker Flyers win twice to keep top spot

first_imgOn Saturday, February 4, the Tracker Flyers played at home, hosting the Edge Gold. It was all about the comeback game, as the Flyers were down 2-0 after the first. Although the Trackers started the period with a two minute roughing penalty, Jordan Harder was able to score a short-handed goal just 19 seconds in. The teams traded goals for the rest of the period, including three powerplay goals by the Gold, and Edge kept its two goal lead heading into the third. The Trackers Coach Reynard must have said something good during intermission, as the boys came out flying in the final frame, scoring three unanswered goals to win 6-5. Goalie Daimon Derouin got the win in net, making 19 saves. Jade McMullen had a four point game, with two goals and two asssists and Kody McManus has three assists, including support on two of McMullen’s goals.- Advertisement – The momentum kept on as the team travelled Sunday to Peace River, facing the Royals. The Tracker Flyers came out strong, scoring five unanswered goals in the first frame, including two by Hordan Harder. Royals’ goalie Cory Houlder was pulled after ten minutes, letting in three goals. The Royals made a comeback attempt in the second period, scoring twice, but both teams held off for a final score of 5-2 for the Trackers. Goalie Derouin made an impressive 37 saves for the win. The Peace River game was a rough game, and both teams spent much time in the penalty box, resulting in four powerplay goals during the game.Advertisement The Tracker Flyers now have 42 points, still just 1 ahead of Grande Prairie Strike Energy Storm in the North Black Division, who also won both their games this weekend. The NE BC & Yukon Tracker Flyers have one more game left in regular season, Sunday, February 12 at home against the Whitecourt Ford Mustangs. Grande Prairie plays twice next weekend, so the Trackers will need hard work and a little luck to keep their lead.last_img read more

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Metro train crash leaves at least five hurt

first_img 165Let’s talk business.Catch up on the business news closest to you with our daily newsletter. Something went wrong. Please try again.subscribeCongratulations! You’re all set! LOS ANGELES – A Metro Gold line train heading to Pasadena and another vehicle collided earlier this morning at Avenue 50 and Figueroa Street in the Mount Washington area of Los Angeles. The train and the vehicle caught fire after the car T-boned the train around 7:10 a.m. Service will be disrupted for at least a few hours, officials said. Five people were transported to the hospital, said Metropolitan Transportation Authority spokesman Mark Littman. Initial reports indicated one died, but that has not yet been confirmed, Littman said. The Gold Line extends between Pasadena to Union Station in downtown Los Angeles and was opened in 2003. “It is extremely rare that we have any accidents on the Gold Line,” Littman said. Last week, six people were injured when a Metro Gold Line train from Pasadena collided with a pickup truck and derailed in Highland Park. Witnesses told Metropolitan Transportation Authority officials the pickup’s driver may have run a stop signal before colliding with the train at about 7:45 a.m. at 55th Street and Marmion Way in the Highland Park district of Los Angeles, said Jose Ubaldo, Metro’s senior spokesman. last_img read more

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DONEGAL GIRLS HOPING TO ‘BOWL’ COMPETITION OVER WITH NEW PRODUCT

first_imgA group of Loreto girls from Letterkenny are hoping to flush out all competition with their unique school product. Five innovative young students from Loreto Convent Letterkenny have recently began to make and sell their own unique product ‘Royal Flush’.It is an all natural, luxury scented cleaning product for toilets. They believe it would be fantastic for when you would be expecting visitors. You simply pop one in the toilet after use and flushing. Around twenty to forty minutes later you will be able to smell your chosen scent until after the reuse. As it’s an all natural product it will not stain or damage your toilet.There are five scents to chose from, Hollyberry, Eucalyptus, Orange, Spice and Lavender. The Royal Flush colours are matched to each scent. One jar of any scent costs €3.50 but you can buy two jars for €6.Royal Flush will be available to purchase in Magees Chemist and Donegal Tile Centre. You can also order your own jar on facebook @ Royal flushThe girls spend lunchtimes and spend time after school in the science labatory carefully making and testing out their product. They start by putting all the dry ingredients in the bowl and then they add the liquids and oils drop by drop. They then make the mould and put them in the jar. The product has become popular with a number of people already and the girls hope to catch the eyes of many more in the coming weeks. The girls look forward to entering competitions and gaining business experience.‘’We have learnt that hard work is followed by success’’.  DONEGAL GIRLS HOPING TO ‘BOWL’ COMPETITION OVER WITH NEW PRODUCT was last modified: February 24th, 2015 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:donegalletterkennyLORETO CONVENTRoyal Flushlast_img read more

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Why lifetime banning orders are empty promises from West Ham

first_img West Ham’s final match at Upton Park was marred by trouble outside the ground talkSPORT’s Drivetime presenter Adrian Durham was presenting a live show from West Ham’s Upton Park ground ahead of the final match at the 112-year-old stadium. Here, he gives his take on the events that threatened to ruin a special occasion.The scenes outside Upton Park on Tuesday were apocalyptic. It was like being on the set of the film Green Street. You’ve seen the footage, you know what happened, so what should happen now?The fact that West Ham co-owner David Sullivan took it so lightly reflected West Ham’s lack of preparation for such a huge event. Sure they spent £250,000 on fireworks and West Ham branded taxis for the celebrations. Unfortunately they forgot the important stuff.Co-owner David Sullivan’s feeble response embarrassed the club: he said there was no damage to the Man United bus and it wouldn’t have happened if they had turned up a 4pm. Away teams never arrive three hours and 45 minutes before kick off, and there was substantial damage to the bus. Was Sullivan claiming it was United’s fault? Was he saying that if you get to a certain cut off time then your bus deserves to be bottled? They were irresponsible comments from a man in a very important position in our game.The club have promised to ban for life anyone found guilty. Well let’s see if they follow through on that. But what will it mean if it actually does happen? I hosted Drive on talkSPORT from Upton Park from 4pm until 7pm and then popped outside to gauge the atmosphere. I was horrified. It was like the wild west.I recalled a conversation I had on the tube with a Hammers fan earlier that day on my way to the stadium.He had two tickets to sell and wouldn’t accept anything below £1500 for each of them. I asked if he was going to the game, and he said he couldn’t because he was subject to a banning order – he was a bona fide hooligan.His words to me: “They’ll all be coming out of retirement for this one. The fact it’s United makes it better, although we’d have preferred Chelsea.”In other words, all the Hammers hooligans not allowed to go to games formed a substantial part of the baying mob outside.So West Ham are promising to catch the culprits and ban them for life, when quite possibly most of them are already banned for life. Empty words.And what if some of Tuesday night’s hooligans aren’t subject to banning orders already? West Ham will ban them, then pluck a few numbers off their waiting list and fill up the Olympic Stadium – no big deal for West Ham. No punishment.Don’t forget this is the Premier League, these scenes go around the world.On the pitch it seemed to be perfect. That is until you highlight West Ham players falling over for no reason and getting cheap free kicks – Aaron Cresswell for the winning goal for example; Mark Noble twice after that to waste a bit of time.Not everything went West Ham’s way of course, but after a first half Hammers goal was ruled out the officials were made well aware that the crowd were baying for a home win.The nonsense outside the ground forced the ref to delay kick off and commanded ‘common sense’ refereeing – and I’m being diplomatic with that wording.Listen, I’d seen Mike Dean referee like a rabbit in the headlights in a massive game at Middlesbrough on Saturday; he was like a quivering wreck of a rabbit at Upton Park midweek. Any ref would have been, knowing what had happened outside.For all those reasons the game should be replayed behind closed doors at a neutral venue. The whole night stopped being about the fairness and integrity of the Premier League. It became about intimidation of opposition and officials. I used to love Upton Park, but walking past police vans and debris, smelling fear and violence in the East London air, I realised it really was time to move on.I hope for the sake of honest decent people like Karren Brady and so many others who work at West Ham United Football Club, that the disgraceful minority element of their fanbase don’t move on to the new stadium with them. 2 2last_img read more

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FIND OUT WHAT IT WAS LIKE TO FIND A SPANISH ARMADA SHIP OFF DONEGAL COAST!

first_imgTHE HULL OF THE ARMADA SHIPThis is the hull of an unidentified wreck of the Spanish Armada found by local diver Liam Miller off Rutland Island, Donegal in 2009.Learn more about this wreck at a lecture by marine archaeologist Connie Kelleher in the Community Centre, Burtonport today (Saturday) at 2.00pm.This lecture is part of the Heritage Week Events in Donegal. See our separate story on what else is on in our A to Z guide. FIND OUT WHAT IT WAS LIKE TO FIND A SPANISH ARMADA SHIP OFF DONEGAL COAST! was last modified: August 18th, 2012 by BrendaShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

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TRENTAGH FUN WEEKEND TO ATTRACT THE CROWDS ONCE AGAIN!

first_imgIt’s a weekend of fun that is typical of the great community spirit across Donegal.Trentagh Fun Weekend takes place from today (FRI) until Sunday having already raised more than €25,000 in the past six years for local schools in the area.And this weekend, organisers hope to add to that great fundraising tally. Once again there is something for everyone – and if you don’t believe us then just take a look at this poster!See you all there at some stage.TRENTAGH FUN WEEKEND TO ATTRACT THE CROWDS ONCE AGAIN! was last modified: August 14th, 2015 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Trentagh Fun Daylast_img read more

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Massimiliano Allegri commits future to Juventus by signing new deal until 2020

first_imgDouble-winning head coach Massimiliano Allegri has committed his future to Juventus just days after suffering a heavy defeat in the Champions League final.The 49-year-old Italian, who guided Juve to the Serie A title and Coppa Italia glory only to watch his team lose to Real Madrid in Saturday’s European Cup final in Cardiff, will remain in charge until 2020.A statement published on Juve’s official website on Wednesday read: “Massimiliano Allegri has renewed his relationship with Juventus until June 30, 2020.“Since his arrival in July 2014, he has allowed the team to continue on its path of growth in Italy, which began three years earlier, and increasingly consolidate its position as a top European team.“In this case there is nothing better than to let the statistics do the talking: under his leadership, in Italy Juventus have won three league titles, three Italian Cups and one Italian Super Cup, thus rewritten the history of Italian football, having won six consecutive league titles and three national cups one after the other: a triple double.“And then in Europe, where Juventus, with two Champions League finals in three seasons and fifth place in the UEFA rankings, is now one of the most acclaimed teams.“In other words, Juve and Allegri have grown up together. They are continuing to do so.”Allegri, who won the Scudetto with AC Milan in 2011, was widely regarded as an unpopular appointment when he succeeded the successful Antonio Conte at Juve three years ago.However, he soon won the Bianconeri faithful round by winning the league in his first season, which ended with a Champions League final appearance against Barcelona that Juve lost 3-1.He won the Coppa Italia in 2015, too, and made it another league and cup double in his second year in the Turin dugout.In May the Bianconeri sealed their sixth straight Scudetto – an Italian record – and the third under Allegri, while an impressive European campaign secured another shot at continental glory.Juve lost in Cardiff, though, with Cristiano Ronaldo scoring twice in a 4-1 Real victory.Critics suggested Allegri might seek a new challenge, but following talks with the Juventus hierarchy he has decided to sign a contract tying him to the Allianz Stadium for the next three seasons. 1 Juventus manager Massimiliano Allegri last_img read more

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TG4 TO SHOW DONEGAL’S ALL-IRELAND GLORY BID AGAINST KERRY

first_imgTG4 Ladies Senior Football Championship Round 2 QualifierMonday 4 August – Donegal v Kerry, Birr, 4pm – Live TG4Donegal’s Senior Ladies are hoping to cause a huge upset when they travel to Birr on Monday for the Round 2 All-Ireland Qualifier. Davy McLaughlin’s team has shown huge improvement in recent months as the Moville man looks to put our Ladies fortunes on an upward curve.Kerry are overwhelming favourites to progress; one bookmaker in Tralee has apparently offered odds of 14/1 for Donegal to win!But Donegal aren’t going to Offaly to make up the numbers and despite losing to eventual Ulster champions Armagh in the provincial championship, they showed enough improvement to worry Kerry.And the Munster women, despite being in the top ranks of the Ladies game, were hammered by Cork in their provincial decider and must surely have weak points. Donegal can welcome back Therese McCafferty and Roisin Friel to the squad too, giving McLaughlin something of a selection headache – not a bad complaint to have in August.If the Donegal defence can cope with the two time All Star winners Louise Ní Muircheartaigh and Sarah Houlihan, and our players shine on the day, this might just be a good day for the Tir Chonaill girls.Get down and support them if you can – if you can’t, it’s on TG4 live. TG4 TO SHOW DONEGAL’S ALL-IRELAND GLORY BID AGAINST KERRY was last modified: August 3rd, 2014 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:all-irelandBirrdonegal ladiesKerry LadiesOffalyRound 2last_img read more

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Croatia knock out hosts Russia to book England World Cup semi-final showdown

first_img 6 Vida’s goal put Russia on the brink of elimination Croatia will face England in Wednesday’s World Cup semi-final after beating Russia 4-3 on penalties on Saturday night in Sochi.The two sides could not be separated after 120 minutes of football resulted in a 2-2 draw, so the match headed to a shoot-out.It was in this period that the Croats really demonstrated their class and Barcelona’s Ivan Rakitic sent his country to their first semi-final since 1998. STAR MAN – Danijel SubasicAt the end of normal time, it seemed Subasic was going to have to be substituted after suffering what most assumed to be a hamstring injury. However, he battled on and made multiple big saves in extra-time, as well as also stopping Fyodor Smolov’s shoot-out chip to contribute strongly to his country’s progression.MOMENT OF THE MATCHDespite the fact it was ultimately futile, Mario Fernandes’ last gasp equaliser was without doubt the moment of the match. All hope looked lost for Russia in extra time, but Alan Dzagoev came up with a sensational free kick delivery which found Fernandes and he gave the hosts one final moment of joy before their elimination.LINE UPSRussia XI: Akinfeev, Mario Fernandes, Ignashevich, Kutepov, Kudryashov, Zobnin, Kuzyaev; Samedov, Golovin, Cheryshev, Dzyuba.Croatia XI: Subasic, Vrsaljko, Vida, Lovren, Strinic, Rakitic, Modric, Rebic, Kramaric, Perisic, Mandzukic.BOTH WORLD CUP SEMI-FINALS WILL BE LIVE ON talkSPORT. Kramaric headed home from six yards 6 In a topsy-turvy shoot-out, Fyodor Smolov and Mario Fernandes’ misses ultimately cost Russia, with Ivan Rakitic scoring to send his country through to the World Cup’s final four. In the second half Valtreni came out stronger, looking to build on their equaliser, however key men Luka Modric and Ivan Rakitic were effectively neutralised by the Russians.Ivan Perisic hit the inside of the post on 60 minutes in what was the best chance of the half, while Dzyuba headed straight at Subasic from a corner with Russia’s best effort.As the sides were unable to separate themselves in 90 minutes, they both once again went to extra time.Eleven minutes into the first 15, a Luka Modric corner landed perfectly for Domagoj Vida, whose strong header bounced through the Russia penalty area and into the back of the net. 6 6 6 6 Croatia’s team erupted as Rakitic scored to send them through But the game was not done, and with five minutes of extra time left to play, Russia won a free kick on the right hand side.Alan Dzagoev’s delivery was perfect for the head of Mario Fernandes, who nodded in to bring the hosts back from the dead and send the game to penalties. Rakitic scored the all-important penalty Cheryshev leathered his country into the lead Nine minutes later though, Croatia were level.The Russian defence, which had proved so difficult for Spain to break down, offered little resistance as Mario Mandzukic drove down the left to the byline.The Juventus striker pulled back a chipped cross for the waiting Andrej Kramaric, who headed home a simple finish from six yards and even appeared surprised himself at just how easy the equaliser was. Fernandes refused to give up and scored a late equaliser The hosts began the game as the more energetic of the two sides, though were quickly subdued as Croatia gained control and quietened proceedings down.However, it was Russia who then took the lead as Denis Cheryshev picked up a lay-off from Artem Dzyuba and smashed a left-footed drive into the top corner from 25 yards.Croat ‘keeper Danijel Subasic could only stand and watch as Cheryshev’s wonder strike flew past him to give Sbornaya a 31st minute lead against the run of play.last_img read more

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