Woodside retains stake in Sangomar project after favourable arbitration ruling

first_img First oil from the Sangomar field is expected to be drawn in 2023. (Credit: Pixabay/wasi1370) An International Chamber of Commerce tribunal has ruled in favour of Woodside in an arbitration launched against it by FAR over a transaction related to the Sangomar project in Senegal.The International Court of Arbitration of the International Chamber of Commerce, based on the hearings presented in July 2019, has ruled that FAR did not have a pre-emption right over a transaction made in 2016 by Woodside to enter the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture.The joint venture has been engaged in developing the Sangomar field (formerly SNE field) in Senegalese waters with an investment of more than $5bn in what is set to become the first offshore oil development in the West African country.Woodside’s entry into the Sangomar projectWoodside forayed into the Sangomar project through a deal worth $440m in July 2016 to acquire ConocoPhillips’ interests in Senegal.Through the deal, the company acquired ConocoPhillips’ 35% working interest in a production sharing contract with the Senegalese government which covers the Rufisque Offshore, Sangomar Offshore, and Sangomar Deep Offshore blocks. The deal was closed in October 2016.Woodside, which is currently the operator of the joint venture, said that the arbitral tribunal had also rejected the other claims for FAR. The tribunal has asked the parties to give their views on the next procedural steps arising from its decision within a time period of 45 days.The company stated: “Woodside is committed to working with the RSSD joint venture to progress the Sangomar Field Development, which achieved final investment decision in January 2020.”FAR said that it is analysing the ruling of the tribunal and will evaluate its position. The Australian oil and gas company holds a stake of 15% in the RSSD joint venture with the other partners being Cairn Energy (40%) and Petrosen (10%).The phase 1 development of the Sangomar project will see the RSSD joint venture target an estimated 231 mmbbls (gross) in 2P recoverable oil reserves from the offshore Senegalese field. First oil from the Sangomar field is expected to be drawn in 2023. FAR had challenged the legality of Woodside’s 2016 deal with ConocoPhillips pertaining to the Sangomar project, offshore Senegallast_img read more

The Property Ombudsman reveals 15% fees increase and new usage policy

first_imgHome » News » The Property Ombudsman reveals 15% fees increase and new usage policy previous nextRegulation & LawThe Property Ombudsman reveals 15% fees increase and new usage policyThe Property Ombudsman is to introduce higher fees for agents generating the most complaints – and discounts for those who don’t.Sheila Manchester11th November 201901,478 Views The Property Ombudsman (TPO) is to implement a ‘fair usage’ policy, meaning that members that consistently generate the most Ombudsman supported complaints will pay more towards the costs of the scheme. TPO also announced its first increase to membership fees in six years. The fees will apply for new members, renewals and new branches from January 2020.Since 2014, enquiries and complaints to The Property Ombudsman have risen by 73% and 40% respectively. As a result, increased costs of running the scheme, together with planned investment to enable ongoing improvements, have made it necessary to review and adjust its membership fees.The basic fee will increase from £195 to £225, however, discounts will be available to organisations either based on continued membership of Propertymark, as is the case now, or by size.Fair and effective feesProperty Ombudsman Chair of the Finance & Performance Committee, Gerry Fitzjohn (left), said: “TPO is a not-for-profit Ombudsman scheme, therefore the revised fee structure is based on Ombudsman principles of fairness, effectiveness, openness and transparency, rather than profit-making principles.“We understand that agents’ costs have been stretched over the last few years, so increasing fees is not a decision which has been taken lightly but is absolutely necessary to ensure a properly resourced scheme is in place.”In addition, TPO membership will support a ‘fair usage’ policy which will enable up to three Ombudsman supported complaints per branch, per renewal year. Branches which generate more than three Ombudsman supported complaints will pay more. There will be no additional charge for cases which are not supported, or those which end at early resolution.The Property Ombudsman November 11, 2019Nigel 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 2021last_img read more

Last Week’s Most Read

first_imgBack to overview,Home naval-today Last Week’s Most Read April 8, 2018 Last Week’s Most Read Authoritiescenter_img View post tag: Most Read News Share this articlelast_img

Engineering Adjunct Faculty

first_imgDescriptionThis position will remain open until filledJoin a team dedicated to student success!Olympic College is recruiting for adjunct faculty to teach coursesin Statics and Thermodynamics or related engineering courses.Olympic College seeks applicants who are dedicated tostudent-centered learning, closing achievement gaps, supportingdiversity and social justice learning opportunities, and who employdata-informed decision making in their instruction. Click the “How to Apply” button for more information.last_img read more

Be smart, Third Ward voters!

first_imgGEORGE DRUMAN & DONNA FARINA To the Editor:This is addressed to intelligent Bayonne Third Ward voters, who may have received (as did we) an anonymous flyer about our city councilman, Gary La Pelusa. While this type of negative flyer is typical of Bayonne/Hudson County politics, we want to emphasize the following:The flyer is anonymous. The cowards who wrote it do not have the courage to stand behind their words. Most likely they do not have any real convictions, except to get their guy elected and smear the reputation of the other guy.The allegations in the flyer are confusing or just plain silly. For example, one of the “crimes” noted was that Councilman La Pelusa appeared in photographs with people the authors do not like. It is Gary’s job to gather all necessary information in order to make sound decisions and respond to constituent issues as they arise. We are very glad that Gary is willing to meet with everyone and hear them out. Only in this way will the Third Ward be represented fairly on important issues.We know Gary LaPelusa’s record well. He has been our councilman for many years and has always given generously of his time to address our concerns and those of many others.The goal of the flyer is clearly to discourage people from voting. We hope that you will vote in the May 8 election, and that you consider giving Councilman Gary La Pelusa your vote. last_img read more

Bakers sought for Victorian bakers’ TV series

first_imgThe BBC is making its last call for bakers to take part in a new series about baking in the Victorian era. Wall to Wall is producing the series and is searching for modern bakers to take part in it and recreate recipe and techniques from the 19th century.The three-part series will be shown on BBC Two, and aims to show how bread “fuelled Britain’s transformation into a great superpower”.It will be filmed in an appropriate Victorian location over the summer.Kim Shillinglaw, controller, BBC Two and Four, said: “During the Victorian era, Britain changed more dramatically than in any other time. Through the tough working lives of Victorian bakers – in charge of the nation’s most important foodstuff – we’ll get a unique view of the sweeping changes that shaped our nation and brought us into the modern age.”The company will be seeking artisan bakers, but also bakers from larger scale bakeries, as well as patissiers and bakers with other specialist skills.Aisling Browne, assistant producer of the show said: “We will film a small team of modern bakers as they recreate the recipes and techniques from the 19th century – in authentic working conditions, right down to period costumes. While doing so, we’ll tell the story of a period of seismic change for the nation.“We are looking to cast our time-travelling bakers from across the board of the modern trade, seeking individuals who bring specialist knowledge about, and passion for, different aspects of the modern business. We want people who can bring their passion about baking and have ideas about what works and what works well for them.”Bakers who want to apply can email [email protected] for the link to the application form.Applicants must be a UK resident aged 18 + and working professionally as a baker.last_img read more

Bob Dylan Announces Fall Tour With Mavis Staples

first_imgLegendary singer, songwriter and, as of last year, Nobel Laureate Bob Dylan announced a 21-date fall tour. Following the release of his 38th studio album, Triplicate, Dylan will embark on a national tour starting in mid-October and ending in mid-November. In addition to his band, Bob Dylan will be joined by the amazing Mavis Staples for the entire run.Mavis Staples Announces New Album Co-Written With Wilco’s Jeff Tweedy, Shares First SingleBob Dylan and Mavis Staples’ tour will open in Valley Center, CA, and continue through Las Vegas, Salt Lake City, Denver, Chicago, Grand Rapids, Richmond, Philadelphia, Washington DC, Boston, and more. See below for the full list of tour dates. For more information, head to Bob Dylan’s website.Bob Dylan // 2017 Fall Tour10/13 Harrah’s Resort SoCal – The Events Center @ Valley Center, CA10/14 The Cosmopolitan Hotel – The Chelsea Theatre @ Las Vegas, NV10/17 Eccles Theater @ Salt Lake City, UT10/18 Eccles Theater @ Salt Lake City, UT10/21 1st Bank Center @ Denver, CO10/23 Century Link Center @ Omaha, NE10/24 Stephens Auditorium @ Ames, IA10/25 Xcel Energy Center @ St Paul, MN10/27 Wintrust Arena @ Chicago, IL10/28 Van Andel Arena @ Grand Rapids, MI10/29 IU Auditorium @ Bloomington, IN11/1 Fox Theater @ Detroit, MI11/3 EJ Thomas Hall @ Akron, OH11/5 Palace Theater @ Columbus, OH11/6 Peterson Events Center @ Pittsburgh, PA11/8 Nassau Coliseum @ Uniondale, NY11/10 Coliseum @ Richmond, VA11/11 Tower Theatre @ Philadelphia, PA11/12 Tower Theatre @ Philadelphia, PA11/14 The Anthem @ Washington, DC11/16 Agannis Arena @ Boston, MAlast_img read more

Not Just Another G: The Next Generation

first_imgThis is the second installment in our series Not Just Another G, which provides insight into 5G and what it means to the service provider industry. Missed the first post? Catch up here.The next-generation 5G architecture is built around the realization that different services are consumed differently, and by different types of users. Thus, next-generation mobile access technology must have:A way to define those differences,A way to determine and place constraints so as to meet those differences, andA way to architect access methods that meet the goals of the different services that ride on top of the technology.It is to this end that the 5G technology has built-in support for what’s called “network slicing” – a fancy phrase to say that the network is sliced up, with each slice configured to meet the needs of a singular class of service.In the 5G architecture, for example, there is a slice designed to deliver common mobile consumer data. This slice delivers high throughput data consumers want access to, which may be things like pictures, videos, live video interactions, remote mailbox access or remote shared data vault access.Another slice is designed for what is called “latency critical” applications. Imagine a connected, self-driving, auto-diagnosing car of the future. The car, connected to 5G, will be the “new cell phone”. It will automatically make things happen so that the driver can choose to not be in control and enjoy life or get work done while commuting. This requires a fast, high-speed, reliable, always-available and latency critical network. The 5G latency-aware slice allows a network design that can make these guarantees. By the way, the car is just one of the many such latency-critical applications.Another slice of the network is designed to meet both the latency, and the capacity needs of the service. Consider the example of TeleHealth, a use-case where in a medical service provider is physically remote from the consumer. Many healthcare situations demand TeleHealth, which has seen only limited realization because a truly mobile, low-latency and capacity-aware network architecture has remained a challenge. All TeleHealth use-cases require:Interaction with no frame/audio drops,Atomic guarantees of delivery – if a command was sent, the network must guarantee the delivery of that command and the response back, andUbiquity – be a stranded climber on a remote mountain, or an inner-city youth who needs the help of a specialist in Mayo Clinic, the network must always be there to support the service.This new and innovative world requires a large amount of infrastructure. It requires an increase in cell stations, to which a multitude of end-users will be connected to in order to consume services. It requires compute, storage, and networking capabilities distributed across the edge of the network, enabling a service delivery platform running both network services and 3rd party application workloads. This edge platform coupled with differentiated classes of service provides new ways for Telcos to monetize the infrastructure and charge consumers.At Dell Technologies, we are focused on creating the best possible infrastructure elements that will help the creation of next-generation mobile access networks. Dell EMC servers are best-in-class and hold the biggest market share. Dell EMC storage is second-to-none, and offers all types and variations as needed to suit the goals of any point of presence in a 5G network. Dell EMC Networking gear brings it all together, in a self-aware, software-defined, declarative manner so that the network can adapt quickly to meet the demands of all the 5G slices.We are here to help our customers on the Journey to 5G.last_img read more

Saint Mary’s offers new abroad programs

first_imgSaint Mary’s joined forces with four other Holy Cross colleges this summer to create the Holy Cross Global Education Consortium (HCGEC), which will enable the College to broaden its study abroad programs. Elaine Meyer-Lee, director of the College’s Center for Women’s Intercultural Leadership, said the consortium will increase study-abroad opportunities for students.   “It’s really the wave of the future how smaller schools, like us, can provide more quality options for our school and the resources that our faculty have,” Meyer-Lee said. The colleges in HCGEC include Holy Cross, Kings College in Pennsylvania, Stone Hill College in Massachusetts and Saint Edwards in Texas, Meyer-Lee said. In addition to the eight summer-study programs Saint Mary’s currently offers, Belles can now spend the summer studying in Peru, East Africa, or Spain and Morocco through Kings College. Meyer-Lee said the consortium enables Belles to study abroad in programs the College would not have been able to fill by itself. “And the Holy Cross family is just a very natural one that our students and [faculty] value,” Meyer-Lee said. “It’s kind of a formalizing of that relationship.” Saint Mary’s evaluated each program put forward by Kings College to make sure the options would fit students’ expectations and to prevent overlap among programs, Meyer-Lee said. “[They] didn’t overlap too much with what we already have and [provided] something sort of unique that would be attractive, so that’s in general why we opted into all three,” she said. The summer programs provide another option to students who have difficulty fitting semester-long programs into their major requirements, Meyer-Lee said. Some students who think they aren’t ready to go abroad for a whole semester also opt for the shorter summer programs, she said. “For some people, they do one of these at the beginning after their first year of study when they are kind of not sure yet, and often then they do find a way to spend a whole semester abroad because they get a taste of it and find it very compelling,” Meyer-Lee said. Saint Mary’s faculty members will be part of the teaching staff in the Peru and East Africa programs through Kings College, Meyer-Lee said. She said these faculty members can then bring this new knowledge back to their classrooms. “A wonderful value of the summer programs is that the faculties get to go, which then keeps them engaged internationally and able to bring those global perspectives to all the classes they teach,” Meyer-Lee said. Meyer-Lee said the consortium aligns with Saint Mary’s mission by encouraging assessment and understanding of the challenges of the contemporary world that Saint Mary’s women face. “Our mission within Saint Mary’s is to foster international competence, which is critical to empowering women, and to make a difference in the world,” Meyer-Lee said. “All of [the summer study-abroad programs] do that in one way or another. Contact Alex Winegar at [email protected]last_img read more

Digital Week offers lectures, workshops

first_imgEric Richelsen Showcasing the newest innovations in educational technology and their applications in the classroom, the second annual Digital Week begins Tuesday. The week includes a wide variety of lectures and workshops and is sponsored by the the Office of Digital Learning, the Hesburgh Libraries Center for Digital Scholarship, the Center for Research Computing and the Office of Information Technology’s Teaching and Learning Technologies unit.Elliott Visconsi, associate professor of English and chief academic digital officer, said Digital Week is an important program for both the Notre Dame community and the general public.“The concept of Digital Week is to involve not only faculty and students, but also the public in welcoming interactive workshops, programs and talks,” Visconsi said.Although Digital Week focuses on newly developed technologies, Visconsi said that the subject matter is accessible for everyone.“The whole idea is to lower the barriers to entry so that everybody feels welcomed, so that there’s something for everybody, so that there’s opportunities whether you’re frightened by technology or are an early adopter and can’t wait to be teaching with holograms, and everywhere in between,” Visconsi said.Peggy Rowland, senior director of Teaching and Learning Technologies, said Digital Week offers an excellent opportunity to learn about the intersection of technology and the University’s educational mission.“The Teaching and Learning team will present ideas for designing and redesigning courses, screen capture to support student learning, showcase mobile apps, some [of] which have been developed by our students and we will also show how to enhance classes with digital media,” Rowland said.According to Rowland, the events of Digital Week have important implications for possible future programs and initiatives on campus.“Faculty presentations and keynote addresses will stimulate future strategic directions we take in providing the environment and tools in the classroom and in any space that learning takes place,” Rowland said.Tracy Bergstrom, co-director of the Hesburgh Libraries’ Digital Initiatives and Scholarship Program, said many of the events on Wednesday and Thursday will be housed in the Center for Digital Scholarship and will emphasize geographic information systems and the digital humanities.Digital Week will include four major keynotes: “Robot Ethics” by philosophy professor Don Howard on Monday, “Newsroom Ethics” by Tim Wallace of The New York Times on Tuesday,“Back to the Future: Philology in a Digital Age” by Martin Mueller, professor emeritus of English and classics at Northwestern University, and “Evidence-Based Approaches to Curriculum Reform and Assessment” by Melanie Cooper, professor of science education at Michigan State University.While much of the programming addresses developments happening on campus, Visconsi said the scope of Digital Week extends beyond the University.“The goal is to share what’s going on at Notre Dame but also to learn what’s happening beyond Notre Dame,” Visconsi said.Tags: Digital Week, Hesburgh Libraries, OITlast_img read more