Saudi Aramco signs participation agreement for Port Arthur LNG project

first_img The proposed Port Arthur LNG export project in Jefferson County. Credit: Sempra Energy. Sempra Energy and Saudi Aramco have entered into an agreement for the Port Arthur LNG export project under development in Jefferson County, Texas.The deal was signed through their respective subsidiaries, Sempra LNG and Aramco Services Company.Port Arthur LNG is one of Sempra LNG’s five strategically located LNG development opportunities in North America and is a component of Sempra LNG’s goal of developing the LNG infrastructure needed to export 45 million tonnes per annum (Mtpa) of clean natural gas to the LNG market worldwide.Sempra LNG and Aramco Services Company signed heads of agreement for Port Arthur LNG in May 2019The companies had signed a heads of agreement in May 2019 where Saudi Aramco agreed to buy a 25% stake in the proposed export terminal as well as 5Mtpa of its liquefied natural gas production.Saudi Aramco president and CEO Amin Nasser said: “The global demand growth for LNG is expected to continue in the coming years, and we see significant opportunities in this market.“This agreement with Sempra Energy is another step forward for Saudi Aramco’s long-term gas strategy, and towards becoming the global leading integrated energy and chemicals company.”The first phase of the project is expected to comprise of two liquefaction trains, up to three LNG storage tanks and the facilities to export up to 11Mtpa of LNG on a long-term basis.Sempra’s subsidiary Sempra LNG had earlier this year initiated the Federal Energy Regulatory Commission process to expand the project by two more liquefaction trains, bringing the combined export capacity to 22Mtpa.Sempra Energy chairman and CEO Jeffrey Martin said: “Port Arthur LNG is expected to play a critical role in helping shape the future of global energy trade.“This multibillion-dollar initiative is among the largest LNG projects in development anywhere in the world and is expected to deliver a cleaner energy supply to foreign markets, while creating important, high-skilled jobs right here at home.”In October 2019, Sempra Energy signed a memorandum of understanding (MOU) with Japanese conglomerate Mitsui & Co. to enable the participation of the latter in the Cameron LNG phase 2 project in Louisiana. Port Arthur LNG is one of Sempra LNG’s five strategically located LNG development opportunities in North Americalast_img read more

Foxtons makes its first loss since going public

first_imgFoxtons has reported an operating loss for the first time since it launched on the stock market in 2013.The company says it went into the red to the tune of  £17.2 million on a turnover of £111.5 million last year compared to a profit of £6.5 million the year before, albeit on a slightly higher turnover.Most of the losses relate to the expense of closing six outer London branches recently as it has sought to rein-in costs, and an accounting write-down of lost goodwill from its sales division, although it has also been splashing out on an aggressive poster campaign recently (pictured, above).But even taking these into account, Foxtons will have made a loss of £1.5 million last year, its results reveal.With the exception of lettings where profits increased by 1% to £67 million, its business divisions all reported lower revenues during 2018.This included sales, which slumped by 15% year-on-year and its Alexander Hall mortgages business, where revenue slipped by 8%.“The outlook for sales remains unchanged with a range of factors, including political uncertainty, likely to contribute to ongoing low transaction levels in the short to medium term,” says CEO Nic Budden.“There is momentum in the lettings business, and we are pleased with how that business is progressing.“We are managing the business for these conditions with a focus on cost control and appropriate investment to improve efficiency and reinforce our customer focused offering.” nic Budden Foxtons March 1, 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 2021 Home » News » Foxtons makes its first loss since going public previous nextFoxtons makes its first loss since going publicThe costs of shutting six branches and writing down goodwill pushed the troubled estate agency into a £17.2 million loss for 2018,Nigel Lewis1st March 201901,260 Viewslast_img read more

Tale of two housing markets: London drops as rest of UK grows

first_imgHome » News » Housing Market » Tale of two housing markets: London drops as rest of UK grows previous nextHousing MarketTale of two housing markets: London drops as rest of UK growsLondon house prices have now dropped for eight quarters in a row, the latest house price index from lender the Nationwide has revealed, although prices outside the Capital continue to rise.Nigel Lewis2nd July 20191 Comment1,065 Views London house prices have now dropped for eight quarters in a row, the latest house price index from lender the Nationwide has revealed, although prices outside the Capital and the home counties are continuing to rise at a modest pace.Prices in London dropped by 0.7% during June taking its annual tally to -3.8% although price reductions are slowing, the Nationwide says.Many agents are claiming that the market had begun to recover from the Brexit effect during April and May after the March 29 political deadline passed, but that the resignation of Theresa May and the possibility of a no-deal Brexit have dented sentiment again.“Political and economic uncertainty has weighed on London and the South East more heavily than other regions which, along with high buying costs and affordability constraints, has made the capital’s housing market extremely price sensitive,” says Iain Mckenzie (left), Chief Executive of the Guild of Property Professionals.“The outcome is that buyers are now self-regulating in terms of price, and this has resulted in the London market finally re-aligning to what buyers are prepared to pay, meaning those properties priced sensibly are selling quickly.”Housing marketElsewhere in England, annual price growth remained relatively modest in the second quarter of the year, with Yorkshire & Humberside the best performing region with a 3% year-on-year rise.“While many remain sceptical about the current direction of the UK housing market, it seems as if the latest figures from Nationwide suggest that while we may be travelling at a different rate of knots, we are at least doing so in the same direction,” says Marc von Grundherr of London agency Benham & Reeves.Guild of Property Professionals house prices Nationwide Benham and Reeves July 2, 2019Nigel LewisOne commentAisha , NA NA 2nd July 2019 at 10:36 amYou can check real time property price discounts at swirb.com/biggestDiscounts – some properties are priced at 70% – 75% below their initial listing price. I would be cautious about buying at this time too!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 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

German K130 corvette returns from UNIFIL deployment

first_img View post tag: K130 June 9, 2017 View post tag: UNIFIL Authorities German K130 corvette FGS Braunschweig returns from 13-month UNIFIL deployment Back to overview,Home naval-today German K130 corvette FGS Braunschweig returns from 13-month UNIFIL deployment center_img View post tag: German Navy German Navy’s K130 corvette FGS Braunschweig is returning from a 13-month deployment to UNIFIL and is expected to enter her Warnemünde navy base on June 14.During her deployment, the corvette changed crews two times and sailed a total of 41,600 nautical miles.FGS Braunschweig was replaced by sister ship FGS Magdeburg which assumed her duties on May 31.In addition to Germany, UNIFIL’s maritime task group was composed of units from Brasil, Indonesia, Bangladesh, Turkey and Greece.Apart from training evolutions with NATO units, sailors aboard FGS Braunschweig also took part in training activities with Lebanon Navy sailors and the Cypriot search and rescue service.During their time off the coast of Lebanon, sailors also visited the harbors of Rota (Spain), Limassol (Cyprus), Beirut (Lebanon), Barcelona and Vigo (Spain).The Maritime Task Force of UNIFIL was and is the only naval force led by the United Nations. Since 2006, navies have been helping the Lebanon government secure its sea border and prevent weapon smuggling from the sea. Since the beginning of the operation more than 68,000 ships were checked and around 7,200 vehicles led to the ports of Beirut, Sidon and Tripoli for further checks.Braunschweig (F 260) is the first of five K130 corvettes built for the German Navy by TKMS. The 89 meter ship was launched in April 2006 and commissioned into the navy two years later, in April 2008. Share this article View post tag: FGS Braunschweiglast_img read more

BAYONNE BRIEFS

first_imgPromotions at the Bayonne Fire DepartmentPromotion ceremonies were held at City Hall last week for two new fire department battalion chiefs and five new captains. Battalion Chiefs John “Jack” Dunne III and Jason Zebrowski, and Captains Roger Nunez, John Devlin, Marcial Pivano, Albert James, and Steven Weiss attained their new ranks through competitive examinations administered by the state. They have agreed to forego the salary increases that go with their new ranks for one year.Fire Chief Keith Weaver thanked Mayor Davis, the City Council Members, and Public Safety Director Robert Kubert for supporting the Fire Department. Weaver noted that Battalion Chiefs Dunne and Zebrowski competed against “the most competent” in the Fire Department to achieve their new rank. He said that they made “many sacrifices” to prepare for their successful examinations.Discussing the new captains, Weaver said that they have achieved their first superior rank. For the first time, he said, they will now be responsible for supervising other firefighters. They will have to make “split-second decisions that will impact the lives of others,” Weaver observed.Concerning the newly promoted men, Weaver said that all of them have “a willingness to face adversity.”Battalion Chief Jack Dunne is a graduate of Hudson Catholic High School. He served in the United States Marine Corps in active-duty infantry, and in Crash Fire Rescue with the Marine Reserves, attaining the rank of Sergeant. He also served with the United States Air Force Reserves Fire Protection, rising through the ranks to Assistant Fire Chief, and retired after 22 years of honorable service at the rank of Master Sergeant. He was appointed to the Bayonne Fire Department in 1982. He was promoted to Lieutenant in 2000, and Captain in 2004. He has earned the following certifications: New Jersey Division of Fire Safety Incident Management Level I, Fire Officer Level 2, and Incident Safety Officer.Battalion Chief Jason Zebrowski is a graduate of Bayonne High School. He was majoring in Sociology at Kean University when he was appointed to the Bayonne Fire Department in 1992. He was promoted to Lieutenant in 2000, and attained the rank of Captain in 2006. Battalion Chief Zebrowski has earned certification as a Haz-Mat Technician, Confined Space Trainer, EMT, Fire Inspector, Incident Management Level 2.Captain Roger Nunez is a graduate of Bayonne High School. He was employed previously by IMTT as a Chemical Operator from 1997 to 2005, and NetCare USA as a Desktop and Network Supporter from 2006-2017. He was appointed to the Bayonne Fire Department in 2005. He is certified as an EMT, Haz-Mat Technician, and Rescue Tech.Captain John Devlin is a graduate of St. Peter’s Prep. He attended New Jersey City University, where he majored in Geology. He was employed previously by Toronto Dominion (TD) Bank on Wall Street from 1986 to 1990, and UPS from 1992 to 1999. He was appointed to the Bayonne Fire Department in 1999. He holds certifications as a Haz-Mat Technician, Confined Space Technician, EMT, and Fire Inspector, among others.Captain Marcial Pivano is a graduate of Bayonne High School. He worked for his family business when he was appointed to the Bayonne fire Department in 1997. He holds certifications as a Haz-Mat Technician and a Confined Space Technician. He is also certified in Structural Collapse. He has served as a Trustee of Firemen’s Mutual Beneficial Association Local 11.Captain Albert James is a graduate of Marist High School. He earned a nursing degree at Christ Hospital School of Nursing. He was also employed previously by Henkel Chemical as a Maintenance Mechanic. He was appointed to the Bayonne Fire Department in 1999. He is currently a BLS Instructor.Captain Steven Weiss is a graduate of Central Regional High School and Montclair State College, where he earned a Bachelor of Arts degree in English. He also studied Fire Science at Ocean County College. He was appointed to the Bayonne fire Department in 1994. He was employed previously by the Naval Weapons Station Earle Fire Department. He holds certificates in Fire Officer 1 and 2, Fire Safety Officer, and Incident Management 1.At the ceremony, the Firefighter Honor Guard participated in the entrance procession and led the pledge of allegiance. City Clerk Robert F. Sloan administered the oaths of office. Father John Doherty offered the invocation and the final prayer. Deputy Chiefs William Bartos and Stephen Peterson introduced the newly promoted firefighters and read their biographies aloud. Truck strikes fire hydrant, water main breaksAbout 200 residents were without water after a truck driver struck a fire hydrant on West Third Street on Friday, June 30, breaking a water main, according to a Suez spokesperson. Earlier this month, three separate water main breaks throughout Bayonne left hundreds without water. Hudson Flats ribbon cuttingNew housing is always a welcome addition in Bayonne. On Friday, June 30, city officials and developers cut the ribbon at Hudson Flats, a new luxury rental building with 29 two-bedroom units and nine one-bedroom units ranging from $1,695 to $2,700 a month on 14th Street and Broadway. The building, developed by local developer Mitchell Burakovsky, will have amenities that are standard now for new development, such as a gym, laundry facilities, and indoor parking. The five-story building will be tall enough to offer some residents views of Manhattan. BCB holding company merges with another regional bankBCB Bancorp Inc., the holding company for Bayonne Community Bank, has entered into a merger agreement with IA Bancorp Inc, a holding company, for $20 million, according to a press release from BCB. Under terms of the agreement, BCB will acquire the Edison-based Indus-American Bank, which is headquartered in Edison and has offices in Jersey City and elsewhere throughout the region. The deal is expected to close in the fourth quarter of 2017.Indus-American Bank specializes in banking products for small-to-medium-sized businesses and real-estate lending. The acquisition is expected to raise BCB’s 2018 value by approximately 10 percent per share and increase the company’s assets by about $235 million.What started as a tiny bank in Bayonne, Bayonne Community Bank has grown tremendously throughout the region, now with about $2 billion in assets.New police chiefFormer Deputy Chief Drew Sisk was officially sworn in as Police Chief last week after his predecessor, Drew Niekrasz, announced his retirement late last month. Chief Sisk has been employed by the Bayonne Police Department since 1988, sworn in the same class as former Chief Niekrasz.He has performed both as a uniformed police officer and narcotics detective, a sergeant, starting in 1999, a lieutenant in 2003, a captain in 2006, deputy chief, and now Chief of Police. Before joining the BPD, Sisk attended William Patterson College and The College of New Jersey. While an officer, he received a graduate degree from Fairleigh Dickinson University’s executive leadership and management school. Parkview ApplianceA new appliance store, Parkview Appliance, opened on Broadway in June, carrying residential and commercial appliances, including ovens, refrigerators, and washer/dryers. The company ships nationwide, but residents can see the appliances for themselves at its store at 810 Broadway. ×last_img read more

Australian coffee shop firm plans UK expansion

first_imgMuffin Break, an Australian coffee shop franchise, has announced plans to expand in the UK. Situated in shopping centre locations, the business currently has 29 outlets and plans to open at least three more by the end of the year. It has been operating in the UK for the last six years and has just celebrated in 20th anniversary in Australia.UK operations manager Michael Johnson told British Baker that, until now, the target for new store openings in the UK has been around five per year. “In the coming years we hope to achieve around 10 per year. We’re quite conservative about our growth, as we want to make sure we get the right locations and be sure our franchisees are going to do well,” he said. “There could even be the potential to get to 200 stores in the next 10-20 years, depending on how well the business goes.”The firm has brought several staff over from Australia and has hired an operations consultant for its UK franchise model.The outlets sell baked goods including cakes, slices, cookies, quiches, sandwiches, and muffins; including gluten-free and low-fat ranges, all of which are made fresh everyday. Johnson said the quality of its coffee was a big part of the business, while it differentiated itself from the major high street coffee chains with its fresh bakery offering.Muffin Break outlets are currently located in shopping centres, but Johnson said it wouldn’t rule out other options, such as high street locations, in the future.Muffin Break has around 180 outlets in Australia, 38 in New Zealand and three in Dubai.last_img read more

FSA launches major consumer campaign on salt

first_imgThe Food Standards Agency (FSA) has kicked-off a massive campaign to educate consumers about the ‘hidden salt’ in foods such as bread, sandwiches and pizza. The campaign, which goes live this week, features television advertising focused on pizza and sandwiches, and radio and print advertising on bread. It urges consumers to pay closer attention to the salt levels of foods they buy and to choose foods that are lower in salt.The thrust of the campaign is based on survey results that reveal 77% of consumers are unaware that bread and breakfast cereals are among the top salt-contributing foods in people’s diet, according the FSA.  “We’re not suggesting people stop eating or even cut down on bread or breakfast cereals, as they are an important part of a healthy diet. But we are saying take a look at the labels to find one that is lower in salt,” commented Rosemary Hignett, head of nutrition at the Food Standards Agency.The FSA also commented that “supermarket own-label versions of some foods, including bread, are often lower in salt than the branded versions”.The Food and Drink Federation (FDF) has voiced its support for food manufacturers who have reformulated recipes to lower salt. “Our members are totally committed to helping consumers eat more healthily – and reformulation is just one of the ways in which we will continue to make a real difference,” said director of communications, Julian Hunt.To read the full story and the industry’s reaction to this campaign, read the next issue of British Baker, out 9 October.last_img read more

Reporting in

first_imgPaulCatterallBakery technology manager, Campden BRIAs we all know, this year sees the 50th anniversary of the Chorleywood Bread Process, and this has again opened the debate within the industry about what is the best method of bread-making. Some say it is long fermentation, traditional methods, and others say no-time dough methods are fine. Surely there is room for all types of breads? They all have their place.I’ve been in the industry for 40 years and, more than anything, I notice the evolution of the industry and an increased consumer choice. This is what we should be shouting about. If you want sourdough bread, then it is available, if you want a cheap sliced loaf, no problem.Modern methods are not necessarily bad, traditional methods are not necessarily good. What’s new today will be traditional tomorrow. But it is not an option to ’stand still’. We all have to embrace new ideas and technologies, whether we like it or not, even the traditionalists use modern wheat varieties, spiral mixers and travelling ’stone’ soled ovens.What we as an industry should be doing is combining our forces against the common foe those who say, for whatever reason, bread is bad. For example, there has been a lot in the media recently about bake-off breads being inferior. Why? It gives consumers more choice and tempts them to buy more bread. But like all methods, it must be done properly. Product quality, as perceived by the consumer, is the most important factor; to do this, we need to understand the science and technology of the methods used, which inevitably leads to new ideas.So let the consumer choose what they want and let’s have less of the “my bread is better than yours”! All bread is good.last_img read more

The Black Crowes’ Rich Robinson Shares First Single From The Magpie Salute

first_imgWhile there’s little love between brothers Rich and Chris Robinson, there’s no shortage of adulation for their former band The Black Crowes. So when Rich announced a new project last year, with former Black Crowes members guitarist/vocalist Marc Ford, keyboardist Eddie Harsch and bassist Sven Pipien, fans rejoiced. Only a few weeks after the band announced themselves as The Magpie Salute, Harsch passed away.Playing off the “crow” theme, the BC members recruited Rich Robinson Band members Joe Magistro and Matt Slocum, and backing vocalists Adrien Reju and Katrine Ottosen to complete the lineup.The band played four shows at The Gramercy Theatre in New York City in January 2017, but Robinson plans to take Magpie Salute for a proper U.S. tour. “We’re going to be changing set lists every night,” he tells Rolling Stone. “We’re learning about 100 songs to start with. There’ll be a lot of Crowes material, a lot of solo material, different covers, maybe new songs. It’s just something that’s going to keep growing and changing as we move along.” You can read the full interview about this exciting new band here.Check out their first studio recording below. The 10-track, self-titled debut album is expected to drop on June 9th.[via Rolling Stone][photo by Marc Millman]last_img read more

Champlain College accelerates the pace of learning with $1 million donation of ColligoNet

first_imgSOUTH BURLINGTON, VERMONT — Coretomic, an Internet software corporation announces that Champlain College has integrated ColligoNet into the curriculum of its Internet, Information & Business course. Coretomic donated the software which has a retail value of $1 million, to Champlain College in Burlington, Vermont.ColligoNet is a web management platform that enables companies to build, deploy and manage full Digital Business Centers. With this powerful tool websites become the hub for a company for marketing and sales, managing employees, managing the sales channel, and providing secure locations for customer orders and interaction. To learn about Digital Business Centers and how they can help you, please visit : http://www.Coretomic.com(link is external) .Approximately 225 students who enroll in Champlain Colleges Internet, Information & Business course this year will make use of ColligoNet. Approximately 160 students in Champlains Business, Marketing, and e-Business programs have been exposed to the application already during the fall semester.Professor Robert Cartelli, said ColligoNet is an incredibly efficient tool from both the professors and the students point of view. Plans are in the works to use the technology in additional courses as well, Cartelli said. Next semester, some students in Burlington will also team up with Champlain College students based in Mumbai, India, to build Web-based businesses using ColligoNet. The efficiency that comes with ColligoNet allows us to add significant new learning to each course, he said.Coretomic recognizes the importance of educating the workplace at the college level. The next generation of information workers preparing to enter the work place will have much greater demands on business. They will expect things to be digital, with immediate reaction times and they will expect a distributed work environment. Coretomic has and continues to broaden its base of knowledge workers throughout the U.S., starting with Champlain College.Professor Cartelli said Champlain students are learning how to leverage a companys online presence to enhance its bottom line. Were teaching students how to integrate technology to drive the goals of a business, he said.Founded in 1878, Champlain College is a private, career-oriented institution offering professional certificates, associates, bachelors and masters degrees in 26 fields of business, technology and human services. Champlain College educates approximately 1,700 full-time students and 900 part-time students in Burlington, Vermont. The College offers its current, market-driven programs at campuses overseas, while Champlain College Online provides full degree programs and online training to individuals and corporations around the globe.Coretomic, headquartered in South Burlington, Vermont has pioneered ColligoNet, a web platform that enables companies to build, deploy and manage Digital Business Centers. The Digital Business Center uses the web site as its interface for the centric place where all digital business is done within a company. Coretomics software solutions enable companies of any size to increase their productivity and performance while increasing customer satisfaction and revenue by bringing content, business processes and communication to the Web in a secured and easy to use method. http://www.Coretomic.com(link is external) .last_img read more