Qatar Petroleum, Shell partner to offer LNG bunkering services

first_img Image: Qatar Petroleum and Shell sign agreement to establish global LNG bunkering venture. Photo: courtesy of Qatar Petroleum. Qatar Petroleum and British-Dutch oil and gas company Shell have entered into an agreement to establish a liquified natural gas (LNG) bunkering venture.The creation of a joint venture company, which will be owned equally by both parties, is subject to customary regulatory approvals. The new company will provide global LNG bunkering services.Qatari Minister of State for Energy Affairs and the president and CEO of Qatar Petroleum said: “We are pleased to establish this new venture with Shell, our long-term partner, and industry pioneer, by combining our joint efforts and shared expertise to develop this important initiative.“We see LNG bunkering as a promising solution for the shipping industry in light of a continuously evolving regulatory environment, and as an important opportunity to enhance LNG’s position as a clean energy source, particularly in maritime transportation.”The agreement to form the joint venture has been signed by Qatar Petroleum’s Wave LNG Solutions and Shell Gas & Power Developments.Established by Qatar Petroleum, Wave LNG Solutions focuses on market development and investment in LNG as a transportation fuel, especially for the marine transportation sector.Business activities of the joint venture companyThe principal business activities of the new company will include the procurement of LNG, setting up LNG bunkering infrastructure (storage and bunker vessels) at various strategic locations around the world, and facilitating the sale of LNG as a marine fuel to end customers around the world.Royal Dutch Shell CEO Ben van Beurden said: “The shipping industry is starting to make the very necessary strides to reduce emissions from vessels. LNG is already playing an important role as the cleanest, and an affordable, alternative to traditional marine fuels available today.“That is why we look forward to building on our strong long-term partnership with QP, expanding the LNG marine fuel network and creating a safe supply chain.”Recently, Qatar Petroleum issued the ‘Invitation to Tender’ for the engineering, procurement, and construction (EPC) works at Ras Laffan Industrial City, an industrial hub located 80km north of Doha, Qatar.The tender was issued for the construction of additional liquid products storage and loading facilities and Mono-Ethylene Glycol (MEG) storage and distribution facilities, which will be part of the North Field Expansion (NFE) project. Under the agreement, the joint venture between the two companies will facilitate the sale of LNG as a marine fuel to end customers around the worldlast_img read more

Emoov unsecured creditors got just quarter of a penny in the £1 back

first_imgThe administrator of the company behind the former Emoov hybrid agency has finished its work, revealing that the hundreds of unsecured creditors who were owed millions into the company will get less than 1p for every £1 owed.These unsecured creditors, who include many of the crowdfunding investors and suppliers, were owed £14 million but will receive just £30,000 to share out among themselves.This group also includes those who paid the old Emoov in advance to sell their homes, who were collectively owed £1.5 million, and £600,000 owed to employees.The demise of Emoov Limited, which was one of the largest corporate failures in the history of the property industry, left behind a trial of financial destruction that has taken administrators from insolvency firm James Cowper Kreston two years to unpick.But while many individuals and SME companies have been hit hard by the hybrid agency’s collapse, the biggest loser is tycoon Richard Desmond, whose company Northern & Shell was owed £2.5 million by Emoov Limited.£14.6 millionWhen Emoov went into administration, it owed unsecured creditors £14.6 million of which £3 million was investor cash raised through several crowdfunding efforts, trade creditors of £1.6 million with £350,000 owed to HMRC.But although many industry commentators and investors in Emoov Ltd fumed at the level of losses and called on its directors to be investigated, the administrator has now said; following a review of the company’s accounts they did not identify any claims as a result of our investigations”.The final administrators’ report shows that just £638,000 was left after the company’s affairs were disentangled.Last year the Emoov website and brand name was bought by Mashroom Ltd and relaunched.emoov liquidation emoov administration richard desmond Northern & Shell Mashroom Russell Quirk Emoov December 11, 2020Nigel LewisOne commentChris Arnold, andsothestorybegan andsothestorybegan 11th December 2020 at 3:43 pmA website littered with words such as honest and trust – turns out neither was applicable.The Ego from Essex prioritised growth over service, reach over depth and eyeballs over hearts. Chasing meaningless metrics in a default dead strategy.We couldn’t care less if 74% of the, world’s most popular brands didn’t exist – Havas Media, 2017. Add this to that figure.A futile experiment carried out with other people’s money.Log in to ReplyWhat’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 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Agencies & People » Emoov unsecured creditors got just quarter of a penny in the £1 back previous nextAgencies & PeopleEmoov unsecured creditors got just quarter of a penny in the £1 backShocking final figures have been published including how little of the crowdfunding-sourced cash will be returned.Nigel Lewis11th December 20201 Comment1,038 Viewslast_img read more

AG Curtis Hill Joins Bipartisan Coalition To Protect State Lotteries

first_imgAttorney General Curtis Hill joined a group of 24 other attorneys general in expressing concern over a sweeping legal opinion that may negatively impact state-run and multi-state lotteries, including Mega Millions and Powerball.The letter, sent late Thursday to U.S. Attorney General William Barr and Deputy Attorney General Rod Rosenstein, argues the federal government’s new legal opinion could reach beyond the realms of sports gambling and into areas traditionally controlled by the states, potentially jeopardizing in-state lotteries.State-run and multi-state lotteries are a major source of revenue that represents billions of dollars in state funding used for vital state services. Losing these programs would negatively affect education initiatives, services for seniors and infrastructure projects.“Whatever one’s opinions about legalized gambling,” Attorney General Hill said, “we all can agree on the need for consistent and sensible rules governing states’ participation in lotteries. Indiana relies on lottery proceeds to fund multiple worthwhile programs, and we rely on financial projections from past fiscal years when budgeting for the future. Our office works daily to protect the interest of Hoosiers, and that’s what we’re doing yet again in this instance.”The bipartisan letter contends the new opinion could call into question interstate transmissions related to all bets or wagers, even where fully authorized under relevant state law. That reality, combined with the increasingly interstate nature of internet and cellular transmissions, may mean conduct that was long understood to be legal now invites exposure to severe criminal penalties.The new interpretation reversed the U.S. Department of Justice’s prior, 2011 legal opinion, which prohibited only interstate transmission of information regarding sporting events or contests.The coalition’s letter seeks a meeting with Attorney General Barr and Deputy Attorney General Rosenstein. It also asks for an extension of Rosenstein’s initial 90-day compliance window for an additional 90 days, until or beyond Aug. 13.An extension would provide time for states to meet with the Justice Department and their vendors to enhance each state’s ability to safeguard state services and its citizens.Indiana joined 23 other states and the District of Columbia in the letter to to U.S. Attorney General Barr and Deputy Attorney General Rosenstein.FacebookTwitterCopy LinkEmailSharelast_img read more

14th Street Pier Open House Draws Record 727 Visitors

first_imgWith rows of surf rods overhead, trustee Dan Ladik, right, welcomes visitors into the Ocean City Fishing Club’s clubhouse during the 2014 Open House.The Ocean City Fishing Club has set a new record for the number of visitors coming to an open house at its clubhouse and pier at 14th Street and the Boardwalk.During this year’s event on Thursday evening, (August 14), 727 men, women and children had an opportunity to tour the historic, 101-year-old club over a period of two and a half hours.They also dropped off more than 100 pounds of non-perishable food and cash donations for the Ocean City Ecumenical Council Community Food Cupboard.After President Paul Keuerleber welcomed them to the facility, other members gave briefings on the club’s history and took them on a guided tour of the pier.New Jersey Assemblyman Sam Fiocchi, left, and Cape May County Freeholder E. Marie Hayes enjoy the fresh air on the Ocean City Fishing Club’s pier with President Paul Keuerleber during the Open House on Thursday, August 14.At the end of the 635-foot pier, visitors saw surfcasting demonstrations by past president Bill Daley and his grandson, Tyler Daley. Many visitors snapped photographs of Martin Z. Mollusk, mascot of the City and Regional Chamber of Commerce, who was at the pier as part of Ocean City’s Family Nights on the Boardwalk.Although many of the visitors came from all over the country, more than a few were local residents.“I was born and raised in Ocean City,” remarked one woman, “and this is the first time I’ve ever been on the pier. This is great.”Last year the Fishing Club held three Open Houses to celebrate the 100th anniversary of its founding. The largest number of visitors on any one evening had been 681 people.— News release from the Ocean City Fishing Club read more

Astrophysics researcher given access to world’s fastest supercomputer

first_imgProfessor of Astronomy Daniel Eisenstein leads one of nearly two dozen groups who have been granted access to the world’s fastest supercomputer to conduct research.Known as Summit, the massive system is located at the Oak Ridge Leadership Computing Facility (OLCF), and is capable of reaching speeds as high as 200 petaflops, or 200 quadrillion operations per second.To understand what that means in terms of computing power, imagine 6.3 billion people making one calculation a second, every second, for an entire year.Eisenstein and his group received 300,000 node hours to put that power to work to create large-scale simulations of the structure of the Universe, which astrophysicists can use to compare current cosmological theories to data that will come from the next generation of galaxy redshift surveys.Among those surveys is the soon-to-begin Dark Energy Spectroscopic Instrument (DESI) collaboration, which survey over 30 million galaxies to map the distribution of galaxies over regions billions of light-years across.The maps generated by such surveys, Eisenstein said, show clustering patterns that have grown by the force of gravity from small density fluctuations in the early Universe. The computer-generated simulations can track that process, starting from the fluctuations in different cosmological theories and demonstrated how they lead to the distribution of matter in response to the large-scale gravitational forces.“The award of this computer time is very exciting for us,” Eisenstein said. “We have been developing this code base for nearly a decade, using custom-built local computers to provide the particular mixture of hardware features that we needed to optimize its performance. It turns out that this flagship computer has exactly the feature mix we need and comes at a time well-suited to the schedule of the DESI survey. It’s very gratifying to see this long-term student-based project come to fruition.”last_img read more

Southern-Style Gardens Still Taste the Best

first_imgGrowing up and living all my life in the South, I know what freshvegetables taste like. Our family ate what we grew. We also ate what was in season. In the early spring we anticipated fresh lettuce and other greens. It wasa real tragedy when wilted lettuce salads went out of style because of fears about fat.You don’t know what good eating is until you sit down to the table and pour the hotvinegar and bacon grease mixture, with fresh green onions, over your salad greens. I remember the green peas and new potatoes grubbed out from under thegrowing potato vines. Sometimes we served them in a cream sauce with plenty of freshlyground pepper. Later on came the king of the garden: fresh tomatoes.My family was big on the Creole tomato. I’ve eaten many kinds, colorsand shapes over the years, but the Creole is still my favorite. We ate it fresh off thevine while it was still warm. We ate it on BLTs, in salads, stewed, stuffed with crab meatand just about any other way possible. But it’s best still warm in the field. We canned many jars of tomatoes and used them in the winter for stewedtomatoes over biscuits for supper. That always brought back the essence of summer, even inthe dead of winter.We loved another favorite, too: peppers, both sweet and hot. We served hotcayennes with all meals.Eggplants were the first “hamburger helper,” used to extend themeat course for six hungry kids. When you cubed and added eggplant to oyster stew, youcould save on the oysters. During August, when other vegetables had played out in the dead of summer,it was time for brown crowder or Mississippi Silver peas and okra, cooked together in myfavorite black iron pot. Mama stewed it long and slow with potlikker and served it withstone-ground cornbread and sweet iced tea. Now we go out to “country restaurants,” which try to duplicatethese dishes with frozen or canned products. Once you’ve had the original, it justisn’t the same. The real key to Southern vegetables is picking them at the right time. Butyou don’t have to grow up Southern to figure out perfect timing. Just stop by your countyExtension Service office and pick up any of the gardening publications. Harvesting too early or too late can change the flavor of vegetables. Theway you handle them after harvest can also affect the flavor.If the part eaten is a leaf or root, the harvesting is not as critical asit is with fruits. Leaves and roots can grow a little larger without greatly changingflavor. The main factor in leaves is that the midrib may be more fibrous, and you canremove it.On the other hand, some fruits can go over-the-hill quickly. Others can beleft on the vine to grow a little larger.Tomatoes, everyone’s favorite, must be picked at the proper time. Theyreach maturity (full size) and then start ripening.The ripening process depends on cultivar and environment. Usually thehotter the weather, the quicker the ripening. If there is excess water during ripening, itwill dilute the sugars and acids which give the tomato its characteristic flavor. After you pick them, NEVER put tomatoes in the refrigerator. Serve them atroom temperature. If they’re very ripe, you can refrigerate them, although they will lose alittle flavor. Just be sure to take them out several hours before serving them so they canwarm up to room temperature. You can enjoy Southern vegetables as they should be. Just grow themproperly, harvest at the proper time and handle with care. You’ll have a summer feast likeMama used to make.last_img read more

On the Blogs: D.C. Pension Fund Is Latest to Divest From Fossil Fuels

first_img FacebookTwitterLinkedInEmailPrint分享Zahra Hirji for InsideClimate News:The District of Columbia Retirement Board (DCRB) spent the last few years quietly selling off $6.5 million in oil, natural gas and coal investments, amounting to a mere one-tenth of 1 percent of the organization’s total holdings, but made the public announcement at a press conference on Monday.While other American cities including San Francisco have pledged to clear their pension funds of fossil fuels, Washington D.C. may be the largest fund in the nation to complete this step, though the amount divested was small. The DCRB joins more than 500 cities, philanthropies, universities and other organizations worldwide with assets totaling more than $3.4 trillion that have divested from at least some fossil fuels or pledged to do so.“This is a decision that is morally and ethically the right thing” from a climate perspective, said D.C. council member Charles Allen at a recent press conference. “It is also financially the right thing,” he added.Some of the companies culled from the D.C. pension fund include Peabody Energy and Arch Coal, which both filed for bankruptcy this year, as well as ExxonMobil Inc., an oil giant being investigated by several attorneys general for possibly misleading the public and shareholders on the business risks associated with climate change.Washington D.C. Pension Fund Announces Full Fossil Fuel Divestment On the Blogs: D.C. Pension Fund Is Latest to Divest From Fossil Fuelslast_img read more

Utility executives push transition from coal to cleaner energy sources

first_img FacebookTwitterLinkedInEmailPrint分享E&E News:Patti Poppe used to drive around with an “I ‘heart’ COAL” bumper sticker, but now the CEO of Michigan-based CMS Energy Corp. is eager to talk about phasing out the fossil fuel. “There’s no room, in my opinion, for coal-fueled generation in a clean and lean future,” Poppe said.CEO Curt Morgan of Texas-based Vistra Energy Corp. loves coal-fired generation but sees economic and climate headwinds. He expects a rash of U.S. coal plant closures over the next two decades. “I think gas will be the companion technology along with renewables,” Morgan said.And CEO Mauricio Gutierrez of NRG Energy Inc., whose fossil fuel portfolio includes a stake in a carbon capture project, emphasizes a belief that the U.S. power industry is “going to be low carbon” even if some coal may remain on the grid as technology evolves.The three chief executives — as well as CEO Pedro Pizarro of California’s Edison International — recently spoke with E&E News while in Houston, where they attended CERAWeek by IHS Markit. In separate discussions, the executives described the economics, technology and trends driving the electricity sector in a greener direction.They illustrate how power companies aren’t waiting for Congress or the White House to deliver a new energy policy initiative or a federal Green New Deal. They’re preparing for a cleaner energy mix.“While they’re discussing it, thinking about it, arguing about it in Washington, D.C., I can speak for our team,” Poppe said. “In Michigan, we’re going to be doing what it takes.”More: As D.C. dawdles, CEOs shift power companies to green Utility executives push transition from coal to cleaner energy sourceslast_img read more

Role of grievance process reviewers to be clearly defined

first_img November 15, 2005 Senior Editor Regular News ‘There may be some tweaking, but I think it’s absolutely necessary this be done’ Gary Blankenship Senior Editor The Bar Board of Governors is considering adding to the Standing Board Policies a guide to a little-known but critical part of the Bar’s grievance process — board members who act as designated reviewers of grievance committee actions.The Disciplinary Procedure Committee presented the policies on first reading at the board’s October 21 meeting in Palm Coast. DPC Chair Murray Silverstein said they will come back to the board for final approval at its December meeting, and that some further alterations may be made.Silverstein said the committee had considered amending Bar rules, but decided it was better to provide the guidance in Standing Board Policies. He added that one of the recommendations of the Special Commission on Lawyer Regulation will be to provide more guidance for designated reviewers.“Existing Bar rules and policies don’t give a lot of specificity on the roles of designated reviewers,” Silverstein said. That, he added, can cause uncertainties for new board members who become reviewers and for complainants, lawyers, and their counsel who are in the grievance process.Questions include: Should reviewers meet with grievance respondents and their counsel before a grievance committee acts, and if so, should they inform and invite Bar counsel for the case? Another issue is whether a reviewer getting a report of a grievance committee action should rely on a summary or request all the records.The policies give multiple options to reviewers for handling cases, plus standards for each option, Silverstein said. The policies reinforce that the designated reviewer is not an adjudicator but part of the disciplinary process with some oversight responsibilities.“We also did not want to create challenges to the review process by enacting mandatory procedures and other requirements,” said Bar Counsel Tony Boggs, who oversees the Bar’s grievance program. “This is simply a guideline for engaging in a review.”“It looks good,” said board member David Rothman, who also serves on the Special Commission on Lawyer Regulation. “There may be some tweaking, but I think it’s absolutely necessary this be done.”Board member Chobee Ebbets agreed, saying better guidelines for designated reviewers will enable them to be more helpful to local Bar counsel.“It actually helps expedite some of the resolutions,” he said. “I really think this is an important change and one that will help.”Board member Ian Comisky, like Ebbets, is a member of the DPC, and said there was some question whether any guidelines were needed.“This [policy] language is much better than when it started out,” he said. “It gives some discretion and some guidance without [reining] in the reviewer too tightly.”The board took no vote on the recommendation. The vote will come on second reading at the December meeting.The new proposed Standing Board Policy 15.76 begins: “The member of the board of governors designated to review the actions in a grievance case has the authority to review pursuant to rule 3-7.5, Rules Regulating The Florida Bar. The designated reviewer has the responsibility under standing board policy 15.75 to conduct a review when requested to do so within the time frame allowed by the rule.”Options in the policy given to the reviewer are to recommend that the matter be referred to the grievance mediation program; that the matter be referred to the Bar’s fee arbitration program; that the attorney be diverted to the Bar’s Practice and Professionalism Enhancement Program with the file closed; that no probable cause be found; that a letter of advice be issued with a finding of no probable cause; that a finding of minor misconduct be made; or that a finding of probable cause justifying further disciplinary proceedings be made.The policies (in accord with court rules) give the reviewer 30 days from the grievance committee action to conduct a review, and require that the respondent or complainant must request the review within that time. The reviewer will have the summary of the grievance committee action and can request the file of the Bar counsel in the case, which will include the record before the grievance committee.In making a recommendation, the policies require that the reviewer presume the grievance committee was correct in its action, although Silverstein said the DPC is planning to change that to require that the grievance committee’s action be given great weight or due deference.Other guidelines include that the reviewer is not an adjudicator but rather an evaluator with broad discretion; that the reviewer should consider the size of the grievance committee and the closeness of its vote; that the reviewer should contact Bar counsel before making outside inquiries; and that in certain circumstances the reviewer may discuss the case with the investigating member of the grievance committee.If the reviewer believes further investigation or consideration is necessary, the policies provide the case should be returned to the grievance committee rather than forwarded to the board’s Disciplinary Review Committee. “Remand is preferred as it allows the grievance committee to reconsider an issue in light of the position of the designated reviewer and provides the designated reviewer with an opportunity to re-evaluate the grievance committee’s decision after it has considered the issues on remand,” the proposed policies said. Role of grievance process reviewers to be clearly definedcenter_img Role of grievance process reviewers to be clearly definedlast_img read more

Charles Elliott: Dedicated to credit union survival

first_imgMississippi CU Association CEO’s passion for CUs remains strong.Charles Elliott joined the Mississippi Credit Union Association right after college and became its youngest president/CEO at age 31. Thirty-five years later, his passion for credit unions and people remains strong.“He embodies the credit union philosophy, putting others’ needs above his own,” says Sarah Dale Harmon, assistant vice president of marketing for $87 million asset Members Exchange Credit Union in Ridgeland, Miss.His caring and compassion were in full gear after Hurricane Katrina, recalls Cheryl Oggs, vice president of the Mississippi Credit Union Association. After Oggs’ family lost its home, Elliott called regularly.“I didn’t even work for him at the time, but he cared enough to check on our well-being,” she says. “He did that for everyone he knew who was displaced by the hurricane.” continue reading » 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more