Oil and gas consultant, Charles Ramson Jr has pointed out a glaring oversight on the part of the Guyana Government, when it renegotiated an agreement with oil company ExxonMobil back in 2016. According to Ramson, it is an oversight he contends can contribute to costing Guyana massive amounts of potential revenue.According to the consultant and former parliamentarian, the agreement is void of any position on decommissioning an oil well once the oil and gas is extracted. This, he noted, means Guyana will lose out because oil company can claim these expenses as part of its “cost oil” cut.Oil and gas consultant, Charles Ramson JrExxonMobil is expected to use revenue from its production in order to make back its capital investment. This will be categorised as “cost oil”. Whatever remains of this is the ‘profit oil’ Guyana will have to split between the oil company and its associates.Ramson related that back in 1999, when the original agreement was entered into before any commercial quantities of oil was discovered, the importance of decommissioning was not recognised as a priority.“The focus was on exploration and production and how to get more revenue which is very similar to the Guyana situation at the moment. Globally, that has now changed significantly especially for mature basins.”He added that decommissioning involves the safe plugging and abandonment of the hole drilled in the earth’s surface from which oil and gas is extracted and the safe disposal of the equipment used in production.In offshore production, such as where Guyana’s well is located, the costs can range in the region of a few million dollars to over US$500 million per oil and gas reservoir for which plugging, and abandonment is one of the highest cost factors – representing about 60 per cent of the total decommissioning cost.The attorney referenced a United Kingdom (UK) oil and gas authority report published in 2017. According to Ramson, the decommissioning costs in the UK continental shelf are estimated to be approximately US$80 billion, exceeding net tax revenues.The contract area“Given that production from the Stabroek Block is expected to be from an FPSO (Floating Production Storage and Offloading Unit, which is a ship modified for production and processing of hydrocarbons, and for the storage of oil), the decommissioning costs will be relatively less but still very large when considering that the first development phase of Liza development will see 17 wells and the second phase will see another 35-40 wells,” Ramson added.He said the decommissioning costs for the Liza production alone will be in the hundreds of millions of US dollars at minimum, adding that the cost can then run into billions if the other discoveries like Turbot and Ranger come on-stream. The absence of the decommissioning term in the contract, he said, will mean ExxonMobil can write off any decommissioning costs as expenses and that will lessen significantly future revenue for Guyana or ExxonMobil will seek partial funding from the Guyana Government to offset that cost, as is being done in the UK.Ramson also alluded to Guyana missing out on a chance to have a stake in the venture, as a partner with Exxon. He noted that because of this, the country had lost revenue, not to mention a chance to be recognised at an international level.CostsIn a report it did last year on the oil sector, the International Monetary Fund (IMF) had urged Guyana’s Government to start auditing all exploration and development costs being racked up by ExxonMobil as soon as possible.When he presented the 2018 Budget last year, Finance Minister Winston Jordan had spoken of the impending establishment of an oil and gas unit in the Guyana Revenue Authority (GRA). According to the IMF, the establishment of this unit should become a priority of the Government.The Stabroek Block is 6.6 million acres. Esso Exploration and Production Guyana Limited is the operator and hold a 45 per cent interest in the Stabroek Block. Hess Guyana Exploration Ltd holds a 30 per cent interest, and CNOOC Nexen Petroleum Guyana Limited holds a 25 per cent interest.
Fivestar Fight League will be having their third Fort St. John card on April 24 when they return to the Fort St. John Curling Club. Local fighters Dylan Lielke, Duncan Wilson, and Shawn Albrecht will all be putting their respective titles on the line, and Fivestar Fight League Middleweight Champion Brendan Kornberger will also be in action.Home town favourite Brad Stewart will be also be stepping back into the octagon since losing his title to Kornberger. Other Fivestar vets such as Matt Baker, Cody Krahn, and Cory Knipe are all scheduled to compete.UFC veteran Mitch Clark will be in attendance as a special guest and will be conducting post fight interviews in the octagon.- Advertisement -Ticket information for the event is expected to be announced in the coming weeks.
“We want to know who’s to blame, who’s at fault. The problems they have may very well be the tip of the iceberg.” The $95 million computerized payroll system purchased from SAP Public Services has caused massive headaches for the district and thousands of teachers since it was launched Feb. 5. Among the teachers’ complaints is that they aren’t being paid for vacation or sick time taken or for all the hours they’ve worked. LAUSD officials say SAP did a better job in issuing checks early this month, but Duffy said the problems are as severe as they were in February. The union has filed a claim – the precursor to a lawsuit – demanding that the district pay late fees, finance charges and similar costs related to teachers’ paycheck problems. The influential teachers union is also talking to state lawmakers about sponsoring a bill that would require teachers be paid interest for overdue payroll funds. “We’re going to lay out a number of demands that need to be met in a short but reasonable amount of time, after which, if they aren’t, we’re going to take severe action, which may include boycotts of school activities, rallies and marches,” Duffy said. Carlos Velez, the plant manager at Garfield High School, has grown increasingly frustrated with the payroll problem. He’s received four erroneous paychecks, including one for just $24.17 – a check that was supposed to include two weeks’ salary, plus overtime. Velez said he’s contacted the school, the district and the union, but no one has a solution. “None of them have been able to fix my problem and I don’t think they know how to fix my problem,” Velez said. “I’d like to see somebody give us the time of day to explain to us what they’re doing for us, how they’re going to fix it and, most importantly, when is the problem going to be fixed.” Chuck Burbridge, the district’s chief financial officer, said he’s ordered steps taken in the next 30 to 45 days, including intensive training sessions. He also expressed disappointment at the UTLA’s stance, saying administrators have made it clear that problems will take a few months to solve. “(Former Superintendent Roy Romer) reminded people to stay the course and help us push the wagon up the hill and don’t throw stones in the way,” he said. email@example.com (818) 713-3722160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! After announcing Thursday that it had ratified a 6 percent pay raise, the union representing Los Angeles Unified School District teachers renewed demands that the school district fix a payroll glitch that has affected about 20,000 employees. A.J. Duffy, president of United Teachers Los Angeles, said about half of the union’s 48,000 members cast ballots, and 90 percent of them voted in favor of the contract. The salary hike is retroactive to July 1, and raises for the next two years of the three-year contract still must be negotiated. But Duffy used the news conference to blast LAUSD administrators about their troubled payroll system, threatening protests and jobs actions unless the problems are rectified soon. “You don’t mess with people’s money,” said Duffy, who called for an independent investigation of the problems. “People work hard at this district. They have been cheated by this district.
What a day, what a crowd and what an occasion!Donegal Daily once again got behind the North-West 10K as thousands of euro was raised for deserving charities thanks to more than 2,000 runners and walkers.Letterkenny was alive with people of all ages doing their bit for charity and getting fit in the process.Simply click on this video from our friends at DonegalTV and Wallace Media for a super look-back at what was a great day.DDTV – THE NORTH-WEST 10K INSPIRES AND MOTIVATES THE PEOPLE OF DONEGAL was last modified: May 5th, 2014 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:DDTVdonegalDonegalTVletterkennyNorth West 10k
A Donegal school bus firm owner has been fined £400 for letting one of his vehicles to be driven in a dangerous state.A bus belonging to Don Patrick Reddin, 42, of Kilderry, Muff, was stopped by police on the Limavady road on 26 February. Officers found the windscreen of the 53 seater-bus was cracked, the indicator and the reverse lights were defective and two back seats were secured with cables only.The officers also found that the bus did not have a first aid box.Defence solicitor Paddy McDermott told Londonderry Magistrates Court that Mr Reddin had been operating a school bus service in the north west for 20 years without any similar convictions.He said since this incident the defendant has introduced a daily safely check on all of his school buses.DONEGAL BUS DRIVER FINED BECAUSE IT WAS IN ‘DANGEROUS STATE’ was last modified: September 15th, 2011 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)
A decision on whether to prosecute the ESB over a major kill of endangered eels in Co Donegal is still being considered, seven months after the incident, the BBC has reported.The incident happened at a hydroelectric power station in Ballyshannon in April 2014.More than 300,000 juvenile eels, called elvers, died when traps at the bottom of the dam at Cathleen’s Falls became overwhelmed. A scientist for ESB said the incident was “quite small”.He said otherwise it had been a good year for elver ‘recruitment’.Another eel expert said it was one of the largest fish kills ever recorded in Ireland and has called for changes to eel conservation policy.Commercial eel fishing was banned on Lough Erne in 2009 as part of European wide efforts to reverse a dramatic decline in eel stocks. As part of an eel management programme, ESB operates a trap and transport scheme.Eels are caught by former commercial fishermen, put into tanks, and driven around the hydroelectric powers stations between Belleek and Ballyshannon.Since 2009, more than 130 tonnes of silver eels have avoided the power turbines in this way.2014 has been a record year with almost 44 tonnes of eels trapped on Lough Erne, exceeding ESB’s targets.After being released downstream in Ballyshannon, the eels make their way thousands of miles across the Atlantic Ocean to the breeding grounds of the Sargasso Sea. The life-cycle continues with the return of elvers to European waters. They are trapped below the dam and then driven upstream to be released back into Lough Erne.In April 2014, hundreds of thousands of elvers died in the traps below the dam at Cathleen’s Falls.Despite reports that the traps had been left unchecked for several days over the Easter holiday weekend, ESB said they had become overwhelmed with a sudden run in one night.ESB confirmed that 112 kg of elvers died. The total elver catch for the year was 533 kg, representing a loss of about 20%. NO DECISION ON PROSECUTION AFTER 300,000 EELS KILLED IN DONEGAL was last modified: December 26th, 2014 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:BallyshannoneelsESB
The Cunard line MS Queen Elizabeth docked in Killybegs on Friday last (20 July 2018) to a great welcome from all and the many people who made their way to see the largest cruise ship the Killybegs port has ever seen. The luxury ship, part of the Cunard Line, is on a cruise around the British and Irish coasts carrying over 2,000 passengers and a crew of nearly 1,000.Cathaoirleach of Donegal County Council Cllr Seamus O’Domhnaill presented the Captain of the ship Mr Aseem Hashmi with an art print of a painting of Kildoney, Ballyshannon by the local artist Barry Sweeny. He was presented by the Captain with a book about the history of the Cunard Line and a ship plaque. Cllr O’Domhnaill commented afterwards “On behalf of Donegal County Council, Iwas delighted to welcome the MS Queen Elizabeth to Killybegs for the first time and to meet the Captain and the Hotel General manager and also have an opportunity to go on a guided tour of this elegant cruise ship.“Donegal provides a unique experience for the passengers, many of whom were visiting Ireland (or stepping onto Irish soil) for the first time and took full advantage of the available day trips to local attractions.He added “I would like to congratulate everyone involved on making this visit of MS Queen Elizabeth such a great success and hope it was the first of many.’The MS Queen Elizabeth is the larger sister of the Queen Victoria, who visited Killybegs in May. She is just one of the many cruise ships stopping off in Killybegs this year, which brings great trade to the region. Some of the passengers spent their time in Killybegs while others took bus trips to Donegal Town, Sliabh Liag, Glencolmcille and Leo’s Tavern in Crolly”. The new 300m pier was just perfect to accommodate the 92,000 tonne ship, which at 294m is twice as long as Croke Park. The Queen Elizabeth is the youngest of Cunard’s three ships. She has sailed around the world since her launch in 2010.She departed on Friday afternoon to Greenock, Scotland and will continue on its cruise back to Southampton from where she left last week. Another successful cruise ship visit to Killybegs was last modified: July 26th, 2018 by Chris McNultyShare 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)
26 July 2010 Journalists from across the world have hailed Cape Town as one of the world’s friendliest and most beautiful cities, according to a report compiled by the city’s tourism agency. Cape Town Tourism interacted with 750 international journalists during the 2010 Fifa World Cup, taking them on a number of tours to show them the various faces of the city, the organisation’s chief executive Mariette du Toit-Helmbold, said during the release of the report last week. ‘World in one city’ Freelance journalist Vincent de Vries from the Netherlands said the best of the world could be found in Cape Town. “I have been everywhere, from Mongolia to Vancouver, from Beijing to Rio de Janeiro, but my visit to Cape Town, during the World Cup Soccer, where I stayed for more than five weeks, ruined my ambition to see the whole world in 10 years,” De Vries said in the report. “Why? Because I fell in love with the Mother City! Now I don’t have to travel around the world any more, because Cape Town is the world. “The V&A Waterfront is like Europe, the food is perfect like in Asia, the weather is fantastic like South-America, the people are as friendly as in Australia and the ambitions are as high as in the USA,” De Vries said. “I fell in love with this marvellous city and will return time and time again.”‘A truly special place’ Duncan Castles, who writes for Britain’s The Observer, said he had travelled and lived in Europe, Asia, Africa and the Americas, but had never been to a city that made such an immediate impression on him. “The setting is breathtaking, and waking up each morning to Table Mountain’s flitting mood is a joy,” Castles said in the report. “Then you add in the friendliness of the people, the quality of the food and wine, and Cape Town’s sense of fun, and you have a truly special place.” Edward Lawrence of CBS TV Network in the US said he had initially had a “huge fear” of visiting South Africa because he had always heard that it was dangerous for American tourists, but that his urge to see the World Cup had made him throw caution to the wind. “From the time I stepped off the plane in Cape Town, I felt welcomed by the people there – from the cab drivers to the bed-and-breakfast owners,” said Lawrence. “I was able to take advantage of being a tourist in Cape Town, and it was amazing. I saw and experienced so much and will definitely return to Cape Town.”‘Beautiful’ Zheng Daojin of Xinhua News Agency, Beijing, described Cape Town as “one of the most beautiful places on earth … My impression of the beauty, of the nature and the people of this city will stay with me forever. Thank you for the most fantastic time.” Andres Kudacki, a photographer and filmmaker from Argentina described the city as “amazing … It is one of the most photogenic cities in the world, and I was surprised and amazed during my stay here. From the Waterfront to Khayelitsha – I loved each part of Cape Town.” BuaNews
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NAB is probably the biggest event of the film, TV and video industry when it comes to new tools, equipment and software. This roundup of roundups will fill you in on the latest products and developments.Whether you made it to NAB 2014 to see the sights for yourself or not, there were plenty of interesting announcements, product updates, new cameras and other new technology to keep up to date with. As an editor the most interesting developments were around all the major NLE’s, DaVinci Resolve 11 and more and more Thunderbolt peripherals. But that’s just a tiny slice of all that happens each year at the epic National Association of Broadcasters. So let’s dive in…NAB 2014 in ReviewOne of the simplest ways to get a quick overview of the most important take-aways from NAB 2014, is to digest a few of the many summary blog posts from some of the industries top pundits. To kick us off, Studio Daily has an excellent post summarizing the Top 10 Big Ideas In Production and Post, highlighting some of the best hardware, software, price drops and innovative new technologies coming out this year.Most Innovative Idea for Production: Andra Motion FocusCameras were big at NAB, but the closest thing to a game-changer in the trenches of production was the Andra follow-focus system. It uses a magnetic field and sensors to track motion of a subject, controlling a motor that keeps it in focus, or that rack-focuses quickly and precisely to a pre-determined point.If you want more info on the magical Andra magnetic follow focus system News Shooter has a great post here.One of the industries most reliable and readable bloggers is Oliver Peters, and in this summary post he covers everything from 4K, the death of I/O cards, developments for film and why nearly two hours of non-stop funk/dance/disco helped make NAB 2014 a hit for him.Mac Pro. The new Mac Pro was all over the show in numerous booths. Various companies showed housings and add-ons to mount the Mac Pro for various applications. Lots of Thunderbolt products on display to address expandability for this unit, as well as Apple laptops and eventually PCs that will use Thunderbolt technology. The folks at FCPworks showed a nice DIT table/cart designed to hold a Mac Pro, keyboard, monitoring and other on-set essentials.Below The Line News has a detailed write up of the show, headlining with something that seems to be making the most noise in the industry is Avid’s new moves with the launch of the Avid Customer Associate, Connect and Avid Everywhere.Launch members of the association include the usual suspects – news and current affairs producers, big broadcasters, and so on – indicating a healthy level of support for the new organization. That said, while the company was eager to discuss the greater integration of its products under the Avid Everywhere banner, one might have formed the cautious impression that Avid is, like its competitors, struggling to excite people with new edit features in such a mature field of software design.Author and trainer Larry Jordan, shared his thoughts on NAB 2014, rounding up many of the announcements and press-releases that spill out before the NAB show officially launches. He makes an interesting point at the bottom of his post about the state of Thunderbolt 2.I also gained some behind-the-scenes insight on why Thunderbolt devices are talking so long to come to market. While no one will say so directly, I suspect this the result of two principle factors: 1. A lack of Thunderbolt 2 chipsets which manufacturers can integrate into their products. 2. Issues with the certification process requiring more than the usual number of hoops for manufacturers to jump through. I’m continuing to follow this and will write more about it as I learn more.For hours and hours of interviews from the NAB show floor you should also check out The Digital Production Buzz’s coverage of NAB, which Larry co-presents. Another industry pundit weighing in on NAB 2014 is Bob Zelin from Creative Cow. His round up has a strong hardware focus – his favorite product of the show was the new Sonnect xMacPro rack mount – peppered with plenty of advice on the changing nature of the industry.My favorite booth, and my favorite product was Sonnet Technologies, that showed their newxMac Pro. It takes the silly round new Mac Pro, and puts it into a standard 4 rack unit rack mount case. Inside this case is a 3 slot PCIe expansion chassis, which connects to your new Mac Pro with a Thunderbolt 2 cable. This allows you to continue using your AJA/Blackmagic/Matrox/Sonnet/ATTO cards that you already own, and add USB3 cards, and anything else that you can think of, without having to buy special new Thunderbolt 2 versions of the same products.Lastly the three Coloristos (colorists Juan Salvo, Josh Petok and Jason Myres) share their thoughts on the industries movements in this insightful conversation – live from the NAB show floor. Although they’re talking as colorists, there’s plenty of great insight for any one working in the film and television industry, with all sides of production and post covered in detail. Also for even more colorist related NAB links and resources, colorist and trainer Patrick Inhofer’s Tao of Color post-NAB newsletter is stocked full of them. NAB 2014 Videos & InterviewsThanks largely to @doubleprecision I’ve gathered together a whole host of video collections from many of the major blogs and industry sites covering the event. If you click on the links below you’ll be able to jump to each other their entire collections, where I’ve just pulled a taster video out. There are many hours of interviews to digest if you have the time!Post Perspective NAB Videos – View the entire collection.Pro Video Coalition NAB Videos – Jump to PVC’s Vimeo ChannelCinema 5D NAB Videos – Visit Cinema 5D Vimeo ChannelNext Wave DV NAB Videos – View the entire YouTube ChannelKeycode Media NAB Videos – Hit the KeyCode Media YouTube ChannelNo Film School NAB Videos – Jump to the No Film School channelHD Video Pro – Check out the entire Vimeo ChannelLens Pro To Go NAB Videos – Hit the entire LPTG Vimeo Channel B&H Video & Audio NAB Videos – Check out the B&H Youtube ChannelNews Shooter NAB Videos – Check out News Shooter on Youtube