Will a Texan-Australian partnership bring the ‘shale revolution’ to the North Slope?

first_imgAlaska’s Energy Desk | North SlopeWill a Texan-Australian partnership bring the ‘shale revolution’ to the North Slope?March 23, 2017 by Elizabeth Harball, Alaska’s Energy Desk Share:Conventional oil is what’s traditionally flowed through the Trans-Alaska Pipeline. But some companies hope to bring shale oil into the mix. (Photo courtesy the Center for Land Use Interpretation)Amid a wave of new oil discoveries in Alaska, other companies are hoping to get lucky, too. And in pursuit of the next billion-barrel find, two companies from Texas and Australia are trying something a little different.Audio Playerhttps://media.ktoo.org/2017/03/22-Icewine.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.After the State of Alaska’s oil and gas lease sale in December, Burgundy Xploration CEO Paul Basinski offered this explanation for the name of his big North Slope project.“Everything we do is about wine,” said Basinski. “That’s why it’s called Icewine. Because it’s cold up here, and I like German ice wine”At the lease sale, held in Anchorage, Texas-based Burgundy and its Australian partner, 88 Energy, picked up hundreds of thousands more acres on the North Slope to pursue Project Icewine. Basinski was thrilled with the results.“We’ve now tied up what we believe to be very much of a world class shale play,” said Basinski.That’s what Project Icewine is all about — finding a world-class shale play in the Arctic.Unlike conventional oil discoveries like Prudhoe Bay, shale oil is harder to recover, requiring technology like hydraulic fracturing to get it out of the ground. But improvements to horizontal drilling and fracking techniques led to the recent oil and gas boom in the lower 48. Now, Basinski hopes to bring the shale revolution to Alaska.“We believe that this is the future of the Arctic,” said Basinski.Paul Basinski, founder of Burgundy Xploration. (Rachel Waldholz/Alaska’s Energy Desk)According to the Alaska Department of Natural Resources, only one other company holds leases to pursue shale oil on the North Slope, Great Bear Petroleum. That company has been working to develop their leases since 2010, but hasn’t drilled there for several years, the state reports.But this week, 88 Energy announced they’ve started setting up a rig on the North Slope to drill a second well for Project Icewine. According to a recent 88 Energy presentation, the company thinks its leases may hold between 1.4 and 3.6 billion barrels of oil.In an interview with financial news outlet Proactive Investors last month, 88 Energy Managing Director Dave Wall said the well will help them figure out if there’s enough accessible oil to make the project commercially viable.“It is crunch time. Icewine 2 is a well that’s designed to do a production test of our main play in our Alaskan asset,” said Wall. “Really, this is the key event in terms of unlocking the value of this play.”88 Energy hopes to begin flow testing the well by June or July. Shortly after, the companies may know if they’re sitting on the Arctic oil shale play of their dreams.But proving the oil is there is just the first step. Former Alaska Department of Natural Resources Commissioner Mark Myers explained there’s a big reason the shale oil boom hasn’t hit the North Slope already: cost.Myers said fracked wells “produce at high rates initially but then decline very rapidly, which means you have to go back in and drill more wells.”“Shale development requires a much higher density of well bores than most conventional drilling. And that’s more money, more pads, more roads and infrastructure,” said Myers.This becomes a big issue on the environmentally sensitive North Slope, Myers said, where companies must make costly investments on infrastructure like like ice roads to protect the tundra.Another challenge is that fracking requires lots of water and a way to dispose of that water once its been used. Neither would be easy or cheap where Project Icewine is located.Although its main target is shale oil, 88 Energy has hinted it’s possible they’ll find conventional oil in Project Icewine territory, too.Myers said if the companies can get at the easier-to-recover oil, their unconventional pursuit is more likely to pencil out.Share this story:last_img read more

Oslo Airport operator backs out of plan to build new seafood centre

first_img© Mikhailg Oslo Airport’s hopes for a new seafood centre are looking slim after airport operator Avinor backed out of a deal with Worldwide Flight Services (WFS) to develop the facility. A spokesperson for Avinor told The Loadstar the deal’s collapse followed changes made to the agreement by WFS. “Avinor and WFS signed a letter of intent in the autumn of 2018 on the construction and operation of a new seafood centre for air cargo at Oslo Airport,” said the spokesperson. “WFS and Avinor now agree to terminate this letter of intent… WFS initiated changes that could not be implemented under the Avinor procurement regulations.  By Alexander Whiteman 14/05/2019center_img “And we will now consider whether or how to arrange for seafood exports over Oslo Airport.” Avinor declined to go into details of the WFS changes. Following the MoU, WFS was set to operate the centre, which would be capable of handling up to 250,000 tonnes of seafood annually. Avinor is predicting Norwegian seafood exports by air last year will surpass 230,000 tonnes, and while the actual figures have yet to be released, the numbers are likely be high. According to the Norwegian Seafood Council, 330,000 tonnes of salmon alone were exported across all modes by April this year, up 5% compared with the first four months of 2018m  with Seafood analyst Ingrid Pettersen said 2019 had witnessed “especially strong growth” for Norwegian salmon. “This is especially true for the EU, Asia and the US, and with this year’s skrei [Norwegian cod] season now ended, high demand is driving high volumes and high prices,” she added. “We have also been helped by the currency situation in April, where the Norwegian kroner has been weak, especially against the dollar. “Overall, this has been a fantastic month for Norwegian seafood exports.” However, it appears that not everyone believed the growth was enough for a new centre at Oslo, and there were other concerns over the Avinor-WFS project, including those expressed by Norwegian Air Cargo chief executive Bjorn Barman-Jenssen, who reportedly claimed that Oslo already had “enough warehouses”. Other operators suggested the new facility could lead to other centres closing, according to reports out of the Norwegian capital.The Loadstar contacted WFS for comment, but it had yet to respond at the time of publication. Yesterday, Avinor reported a NOK46m ($5.2m) loss for the three months to April, compared with NOK36m a year earlier. Chief executive Dag Falk-Petersen said that, as a result of the poor performance, the company would continue efforts to cut costs and streamline the business.last_img read more

Sacklers boost Purdue Pharma settlement to $4.3 billion in plan that would end their control of the opioid maker

first_imgPharmalot By Ed Silverman March 16, 2021 Reprints Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry. Unlock this article — plus daily coverage and analysis of the pharma industry — by subscribing to STAT+. First 30 days free. GET STARTED @Pharmalot Ed Silverman STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. Log In | Learn More What’s included? Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. What is it? Purdue Pharma’s headquarters in Stamford, Conn. Jessica Hill/AP About the Author Reprints GET STARTED [email protected] Sacklers boost Purdue Pharma settlement to $4.3 billion in plan that would end their control of the opioid maker In a move that could spell the end of Purdue Pharma, the company has filed a bankruptcy plan calling for the family that owns the infamous drug maker to relinquish control and pay nearly $4.3 billion to reimburse states, cities, and tribes for the costs associated with the long-running opioid crisis in the U.S.The plan, which was filed late Monday night in a federal bankruptcy court in New York, is designed to end nearly 3,000 lawsuits that blamed Purdue for helping to spark a wave of prescription abuse, addictions, and deaths over the past two decades. The litigation accused the company of downplaying the addiction risks of its OxyContin painkiller and improperly encouraging overprescribing by physicians.last_img read more

Ri Yong Gil arrested publicly last week, inside sources report

first_img SHARE Following reports from South Korean media about the execution of a high-level military official in North Korea on charges of “factionalism and corruption,” a source from within the North told Daily NK that General Ri Yong Gil was indeed arrested during a two-day joint meeting among Party and military officials, but no subsequent information exists as of yet to suggest that he has been executed.The incident occurred on February 2 at an expanded joint meeting of the Workers’ Party of Korea [KPW] Central Committee and the Korean People’s Army [KPA] WPK Committee, a gathering of some 6,000 provincial, municipal, and county-level officials from the Party and military convened by Kim Jong Un and held at the April 25 Cultural Center in the capital, Pyongyang. “Well into the meeting, the army chief of staff, Ri Yong Gil, and other generals were arrested and dragged out by ‘Changkwang security agents’ [designated for Kim Jong Un], who are expressly tasked with the arrest of top-tier cadres,”  a source in South Pyongan Province, citing a provincial-level Party cadre, told Daily NK on February 11. An additional source in Pyongyang corroborated this news. At the center of the charges brought against General Ri was “going against the Party’s monolithic teachings and monolithic military system” by “exercising privileges and partaking in factional bureaucracy,” according to the source. “At the time of his arrest, the order was to arrest the ‘anti-Party, anti-revolutionary’ Ri Yong Gil, and agents rushed toward Ri, who was sitting in the front row flanked by fellow generals, and then put handcuffs on him and dragged him out,” he explained. “A number of attendees had absolutely no idea why the meeting was called in the first place, but confusion quickly gave way to fear after watching the chief of the Korean People’s Army General Staff get dragged off like that.” Underpinning the general’s demise were his grievances about so-called “pure Party cadres” (the likes of Choe Ryong Hae, Hwang Pyong So, Jo Yon Jun, et. al) lacking experience with military organizations yet somehow soaring unfettered to the general rank and exerting, by Ri’s assertion, unearned authority. A protracted power conflict rumbled beneath the surface, ultimately exploding into accusations that Ri had routinely “defied the Party order imposed on the military.”        As ever, word spread rapidly among the public on Ri Yong Gil’s tumble from the upper ranks, and the notion of only “robots” left standing to take orders from Kim Jong Un has gained significant traction thereafter. Others with whom Daily NK’s source interacted showed barely a passing interest on the matter, noting that from their vantage point, it looks as though “all those high-ranking officials are just going to end up knocking each other off.” Facebook Twitter AvatarChoi Song Min Proposal to shift “general markets” to “specialized markets” finds little support among N. Korean leaders North Korea Market Price Update: June 8, 2021 (Rice and USD Exchange Rate Only) NewsEconomy RELATED ARTICLESMORE FROM AUTHORcenter_img By Choi Song Min – 2016.02.12 12:18pm US dollar and Chinese reminbi plummet against North Korean won once again News News News Ri Yong Gil arrested publicly last week, inside sources reportlast_img read more

Project secures southside’s sewerage network for years to come

first_imgProject secures southside’s sewerage network for years to come Contractors have worked around 250,000 hours to complete a major pipeline project that is reducing pressure on Townsville’s sewerage network.The $30 million Southern Suburbs Rising Main project catered for anticipated population growth for the next 30 years and supports Townsville University Hospital, Lavarack Barracks and James Cook University.Mayor Jenny Hill said the project made an important contribution to the city’s long-term infrastructure.“Contractors on this project have worked about a quarter of a million hours to improve our extensive sewer network,” Cr Hill said.“Crews have laid more than 13 kilometres of pipeline for the Southern Suburbs Rising Main, starting at the Yolanda Drive pump station in Annandale and extending to the Cleveland Bay Purification Plant.“Council crews and contractors have done an amazing job – Newlands, BMD and the RMS/GNM joint venture have really delivered a great outcome.“The project supported 48 jobs and had significant flow-on effects, supporting a further 180 jobs through suppliers and subcontractors.”The Queensland Government provided $5 million in funding for the Southern Suburbs Rising Main through its Building our Regions program.Member for Mundingburra Les Walker said it was important to see vital infrastructure upgraded.“This project will support Townsville’s growth into the future,” he said.“It was an important investment by the Palaszczuk Government in the city’s future but also it helped created important jobs which is what we are laser focused on.”Townsville Water and Waste Committee chairperson Russ Cook said ongoing benefits would flow from the project.“Apprentices play an important role in major projects and Southern Suburbs Rising Main has been a great training ground,” Cr Cook said.“Sixteen thousand (16,000) training hours were logged on the project, so it has been a terrific investment in jobs growth and long-term infrastructure for the hospital, Lavarack Barracks and the university.” /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:building, council, future, Government, hospital, infrastructure, Investment, James Cook University, Palaszczuk, pipeline, project, QLD, Queensland, southern, southern suburbs, Townsville, Townsville City Council, universitylast_img read more

State Says Most Schools Meet Federal Standard

first_img Email HELENA – Montana education officials say about three-quarters of Montana’s schools are meeting the federal education requirements for yearly progress.Superintendent of Public Instruction Denise Juneau says Montana students and teachers have been working very hard to improve test scores in reading, math and science and believes that work shows.Juneau says she believes that Montana students continue to outperform others in the nation.The annual progress report showed that 609 of Montana’s 821 public schools currently meet the requirements of the federal law.The 2001 No Child Left Behind act that requires the tests. Stay Connected with the Daily Roundup. Sign up for our newsletter and get the best of the Beacon delivered every day to your inbox.last_img read more

Win a 12-day Photographic Experience in the Peruvian Amazon!

first_img “Governance and Development in Africa” Residential School → Share 0 Similar Stories Win a 12-day Photographic Experience in the Peruvian Amazon! Luis Valtueña Humanitarian Photography Award MoMoWo International Photographic Competition +1 Reddit Capturing Modern Africacenter_img Tweet Pocket LinkedIn 0 Leave a Reply Cancel ReplyYou must be logged in to post a comment. Deadline: 24 November 2014Open to: students and amateur photographers who want to build a career in travel photographyPrize: a 12-day trip to the Amazon with professional mentorship from Jason EdwardsDescriptionWorld Nomads has opened application for its 2014 Travel Photography Scholarship competition, giving one aspiring photographer the opportunity to accompany renowned wildlife and natural history photographer, Jason Edwards, on assignment in the Peruvian Amazon.The winner of the scholarship will start his photographic journey in the ancient capital of the Inca Empire – Cusco – where he will explore the rich history and culture of the Andean Mountain landscapes with  “Explorandes”. From there he will travel into the heart of the Amazon basin to Madre de Dios, where he will explore one of the planet’s top biodiversity hotspots. The selected photographer will be in Peru from 6-19 April 2015 and he will observe and assist Jason Edwards, as well as undertake his own photographic work.EligibilityIn order to be eligible you must:Be a photography student or keen amateur/pro-amateur looking build a career in travel photography;Be at least 18 years of age by the deadline, with a valid passport;Be available for the dates of the trip (6-19 April 2015);Be fit and healthy as moderate levels of physical work are involved;Have a strong desire to be mentored and grow your photographic knowledge and skills, an ambition to forge a career in travel photography.PrizeThe prize for the winning photographer includes:A 12-day bespoke trip to the Amazon with WWF Peru, Rainforest Expeditions and Explorandes;Round-trip airfare to Cusco, Peru;A 12-day professional mentorship from Jason Edwards;Travel insurance for the duration of the trip.The four runner’s up will receive a free 45-min portfolio review from Jason Edwards (valued at $800 AUD).ApplicationIn order to enter the competition you must follow the next steps:Shoot your photo story: a maximum of 5 images that must tell a story about a place you have visited.  Each of the 5 shots must have accompanying caption text (1-2 sentences) to help contextualise the shot.Complete the application form after registering HERE;Upload your photos: after you have filled in your application details, you will be directed to a page when you can upload your images and captions.The deadline to apply is 24 November 2014.For further information please visit the official website. October 27, 2014 Published by atredondo ← Virtual Externship at Indian Astrobiology Research Centrelast_img read more

Exclusive: Solarworld CEO Frank Asbeck breaks silence on Hemlock dispute

first_imgExclusive: Solarworld CEO Frank Asbeck breaks silence on Hemlock disputeSolarworld CEO Frank Asbeck speaks to pv magazine in his first extensive interview on the recent finding against the company in its legal dispute with Hemlock Semiconductor. A supremely confident Asbeck explains why he doesn’t think the judge’s decision changes the case at hand, while still expecting a settlement with Hemlock, and why any final decision will not affect the company’s American subsidiary nor the German company. August 2, 2016 Sandra Enkhardt Finance Markets Markets & Policy Share pv magazine: Did the ruling in the U.S. surprise you, and what does it mean for Solarworld?Frank Asbeck: The judge’s decision in Michigan against our German affiliate SolarWorld Industries Sachsen was recently announced. I find it absurd, both the lawsuit itself and the amount. But for Solarworld, this initial judgment changes absolutely nothing.You’ve announced that you’ll appeal. Is that still your position?Of course, the whole thing will move to appellate court. I think that’s always been clear to everybody, to both to Hemlock and to the judge. It’ll be another year before we get a final ruling in the U.S. And even then it won’t be enforceable against us.You’re sticking to your argument that the supply contract with Hemlock violates European antitrust legislation. Can you briefly explain what exactly about the supply contract was against EU anti-trust law?The old take-or-pay contracts at issue were concluded at a time when silicon suppliers wouldn’t sell you anything unless you agreed to exorbitant prices, sometimes 20 times today’s price. You either agreed to multi-year purchasing commitments or you didn’t produce. It’s as if your telephone provider today wanted you to pay the same unit price for a phone as when they were the all-black rotary-dial models supplied by a single provider. But the decisive factor is that the Hemlock contracts contain several clauses that drastically violate antitrust legislation. Why, in your opinion, did the U.S. judge disregard this argument in the initial trial?Since European antitrust legislation is applicable in this case, the American judge indicated that the issue should be dealt with in the appeals court. That is exactly what will happen – at the latest in a German court – if Hemlock tries to enforce its claim for damages in Germany. Do you think that during the appeal process the antitrust argument will get a closer look?A U.S. ruling can only be recognized in Germany if it is consistent with the principles of the German law. Part of that is antitrust legislation. At that point, at the latest, this central argument will be recognized. How long is a recognition procedure likely to take in Germany?A potential recognition procedure, like the appeal process, would take about a year. Why hasn’t Solarworld managed to reach an out-of-court settlement with Hemlock yet?We are absolutely confident that we can reach a settlement with Hemlock, just as we have with all of our other silicon suppliers. We are not in a hurry. Have the chances of an out-of -court settlement gotten worse since the verdict?No, not at all. As I said, the verdict doesn’t change anything. Apart from that, I assume that both sides will want to put this issue behind them at some point. When Hemlock filed suit against Deutsche Solar in March 2013, it wanted USD 83 million in damages. Now, some three years later we’re at USD 793 million because, among other things, Hemlock is demanding 12 percent interest on the damages. Are those realistic figures?Of course not. Nothing in this calculation is realistic. The 100 million in payments we made years ago is more than enough to cover any potential loss at Hemlock. The Solarworld 2015 annual report stated that the legal dispute was not expected to have any short-term effects, but that over the long term a potential unfavorable ruling may present a risk to the company’s continuation as a going concern. Now that the verdict has come out, do you still see it that way?We assess the risk as low, both in the short term and the long term. But the risk assessment of a publicly traded company has to specify what could happen if things turned out completely differently than could be humanly expected. That goes for both technical risks and legal ones. In nearly every annual report, you’ll find so-called risks to the company as a going concern. What’s important is whether those risks are high or low. And in this case, according to the opinion of an external evaluator, the risk is clearly low.Why hasn’t Solarworld set aside any provisions for this legal dispute up to now?For a business risk in the “low” category, setting aside a multi-million-euro provision would be completely disproportionate.If you work out a solution to the anti-dumping dispute with Hemlock and the U.S. Commerce Department, couldn’t that also solve this lawsuit, or at least reduce the damages? Why don’t you take that route?The two issues are not legally connected. It is a fact, however, that after China put Hemlock under pressure, the company called on us to give up U.S. manufacturers’ protection against illegal dumping. If we had accepted, there would no longer be a solar manufacturing industry in the U.S.The stated goal for this year is to get back up to around a billion in revenue again for the first time since 2011. Will Solarworld do that?We just released some very good figures and increased our global sales in the first half by 50 percent. We are also the market leader in several markets, everywhere where quality and sustainability count. We’ll reach the billion in revenue. The international price level concerns us, however. Now that China has put the brakes on installations, the markets are being flooded with Chinese overcapacity.The U.S. market in particular is hugely important to Solarworld’s business right now. What developments do you expect there over the next few months?The U.S. market will continue to grow. With our made-in-the-USA products and high-performance bifacial modules, we’re a top supplier for customers who value quality, performance and durability, and we want to broaden our market position.If a court orders Solarworld to pay damages in the U.S., would that have an impact on the Solarworld Americas subsidiary and the production facility in Oregon?No, not at all. Solarworld Americas has nothing to do with the case. The lawsuit is against our German subsidiary, SolarWorld Industries Saxony, the former Deutsche Solar. It has no assets in the United States. There is no legal venue that can reach from the U.S., through Germany, and back to the U.S. And apart from that, we just don’t see the court handing down any enforceable damage claim.The interview was conducted by Sandra Enkhardt.This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: [email protected] content ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German engineering association VDMA. 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The re… Submarine cable to connect 10.5 GW wind-solar complex in Morocco to the UK grid Emiliano Bellini 22 April 2021 pv-magazine.com UK-based Xlinks is planning to build 10.5 GW of wind and solar in Morocco and sell the power generated by the huge plant in the UK. This should be ma… Solar park built on rough wooden structures comes online in France Gwénaëlle Deboutte 26 April 2021 pv-magazine.com French company Céléwatt energized its 250 kW ground-mounted array, built with mounting structures made of raw oak wood.April 26, 2021 Gwénaëlle Debo… The weekend read: PV feed in, certified pv magazine 1 May 2021 pv-magazine.com As more renewable energy capacity is built, commissioned, and connected, grid stability concerns are driving rapid regulatory changes. In the Europea… Enabling aluminum in batteries Mark Hutchins 27 April 2021 pv-magazine.com Scientists in South Korea and the UK demonstrated a new cathode material for an aluminum-ion battery, which achieved impressive results in both speci… The Hydrogen Stream: 20 MW green hydrogen plant in Finland, two Australian projects move forward Sergio Matalucci 20 April 2021 pv-magazine.com Storegga, Shell and Harbour Energy want to set up a 20 MW blue hydrogen production facility in the U.K. Australia’s Origin Energy wants to build a hy… ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German engineering association VDMA. The re… 123456iAbout these recommendationsShare Sandra Enkhardt Sandra is Senior Editor of pv magazine Deutschland. She has been reporting on solar since 2008.More articles from Sandra Enkhardt [email protected] Related content ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German enginee… China’s Covid recovery saw green bond issuance rebound in second half of 2020 Max Hall 27 April 2021 pv-magazine.com The $18bn worth of sustainable finance instruments floated in the nation last year marked a retreat from previous highs … Higher performance with bigger modules a ‘no brainer’ Sandra Enkhardt 26 April 2021 pv-magazine.com Jan Bicker, who replaced Steve O’Neil as the CEO of REC on March 1, says that one of his top priorities is the ongoing d… Asia Pacific’s solarized digitization agenda Selva Ozelli, Esq. 23 April 2021 pv-magazine.com The virtual 7th Asia-Pacific Climate Change Adaptation Forum was hosted in March by Japan’s Ministry of the Environment,… Longi crowned king of solar with 24.5 GW of panels shipped in 2020 Vincent Shaw 22 April 2021 pv-magazine.com With production capacity expanded for solar wafers, cells and modules last year, and set to rise again in 2021, the gian… Sunowe’s panel-smuggling trial to resume in Germany Sandra Enkhardt 29 April 2021 pv-magazine.com Sunowe’s trial over allegations of PV module smuggling is expected to resume on May 4. The company has been accused of n… iAbout these recommendations Elsewhere on pv magazine… MIBEL alcanzó nuevamente los precios más bajos de Europa mientras subieron en el resto de mercados eléctricos pv magazine 23 March 2021 pv-magazine.es En la tercera semana de marzo los precios de la mayoría de mercados eléctricos europeos subieron, mientras que MIBEL mar… Tasmanian Labor installs solar at the top of its campaign promises Blake Matich 8 April 2021 pv-magazine-australia.com Tasmania (TAS) is going to the polls on May 1, and the opposition Labor Party has put forth a $20 million plan to fund l… India closing in on 7 GW of rooftop solar pv magazine 13 April 2021 pv-magazine-australia.com India’s cumulative installed capacity of rooftop solar stood at 6,792 MW as of December 31, 2020, with 1,352 MW having b… Spotlight on Australian solar Bella Peacock 21 April 2021 pv-magazine-australia.com Calculating the average sunlight hours data from the Bureau of Meteorology from January toDecember 2020, Darwin was cro… Q&A: EEW’s $500 million Gladstone solar to hydrogen project is just the start Blake Matich 18 March 2021 pv-magazine-australia.com pv magazine Australia: Australia is the testing ground for a lot of different aspects of the future green hydrogen market. Cracking the case for solid state batteries pv magazine 29 April 2021 pv-magazine-australia.com Scientists in the UK used the latest imaging techniques to visualize and understand the process of dendrite formation an… iAbout these recommendations 1 comment Paul Speidel says: March 6, 2017 at 8:19 pmAre there any updates to the published article Aug 3, 2016? I wanted to use an US supplier, namely SolarWorld but my contractor doesn’t want to deal with a financially challenged supplier. I have searched but could not find any positive information on SolarWorld.ReplyLeave a Reply Cancel replyPlease be mindful of our community standards.Your email address will not be published. Required fields are marked *CommentName * Email * Website Save my name, email, and website in this browser for the next time I comment. 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KenGen records 8.3% growth in profit, pays Treasury $10.5m in dividends

first_img Generation Kenya Electricity Generating Company PLC (KenGen) has paid the National Government Ksh 1.1 billion ($10.5 million) in dividends for the financial year ended June 2019. The National Treasury & Planning Cabinet Secretary, Ukur Yatani, received the cheque from KenGen board chairman, General Samson Mwathethe. KenGen’s Managing Director & CEO, Rebecca Miano was also present at the ceremony. Low carbon, solar future could increase jobs in the future – SAPVIA For the year ended June 2020, KenGen announced a Ksh 13.9 billion ($128 million) profit before tax, translating into 8.3% growth in profit from the previous financial year. BRICS The Cabinet Secretary lauded KenGen’s positive financial performance adding that government is proud to be associated with the company. The government owns a 70% stake at KenGen while 30% is owned by private shareholders. RELATED ARTICLESMORE FROM AUTHOR The company is currently offering geothermal drilling services and undertaking geoscientific studies in Kenya and Ethiopia. Have you read?Joan Chahenza – An African Power & Energy Elites personality Speaking at the event, Miano said KenGen’s diversification strategy was bearing fruit as the organisation had been able to incorporate new business lines in its revenue streams including consultancy services. He expressed gratitude to the government for consistent support over the years, saying it had contributed to KenGen’s growth and positive performance. UNDP China, CCIEE launch report to facilitate low-carbon development AFD and Eskom commit to a competitive electricity sector Sign up for the ESI Africa newsletter TAGSgeothermalKenGenKenya Previous articleNigerian investment firm clinches UN committee and working group seatsNext articleFemale African scientists improve research and inspire the next generation Babalwa BunganeBabalwa Bungane is the content producer for ESI Africa – Clarion Events Africa. Babalwa has been writing for the publication for over five years. She also contributes to sister publications; Smart Energy International and Power Engineering International. Babalwa is a social media enthusiast. Image credit: KenGen Finance and Policy She also expressed optimism in the company’s ability to navigate the COVID-19 pandemic which led to widespread socio-economic challenges. The board has recommended a first and final dividend for the year of Ksh 0.30 per ordinary share of Ksh 2.50, which will be paid to shareholders once ratified in the next annual general meeting (AGM), Mwathethe said. During the event, Mwathethe said: “We are indeed privileged and honoured to pay the government Ksh 1,153,856,022 in dividend at a time when businesses are facing enormous challenges occasioned by the COVID-19 pandemic.” Yatani noted that as the country’s leading energy producer, KenGen was a major player in the government’s efforts towards the country’s growth and development. “Energy is critical for the country’s growth and development. We take cognizance of the important role played by KenGen in growing the economy,” he said. For the year ended June 2020, KenGen announced a Ksh 13.9 billion profit before tax, translating into 8.3% growth in profit from the previous financial year. #KenGenFY2020 pic.twitter.com/daCuMBN6Kp— KenGenKenya (@KenGenKenya) February 9, 2021 last_img read more

Video shows gunmen spray bullets on New Jersey porch, hitting 15-year-old girl

first_imgABC7(NEW YORK) — Video captured the dramatic moment when a 15-year-old girl was wounded in a drive-by shooting after gunmen drove up to a porch in New Jersey and started spraying bullets.The teen — the last one in the door when the bullets started flying on the front porch in Newark Wednesday night — was shot several times, mostly by ricochet bullets to her arms and legs, said Mark Di Ionno, a spokesman for the city’s department of public safety.The girl, who was not identified, is reported to be in stable condition, said Department of Public Safety spokeswoman Catherine Adams.“Luckily she’s OK,” Newark Public Safety Director Anthony Ambrose told ABC New York station WABC-TV.“It was a summer night in the city … they were sitting out there on the porch,” Ambrose said.“We don’t know if she was the intended target, if she wasn’t the intended target, that’s all part of the investigation,” Ambrose told WABC-TV.No arrests have been made, Di Ionno said.“We do know that the vehicle is still at large,” Ambrose added. “It’s a stolen vehicle out of Montclair, [New Jersey].”No arrests have been made, Di Ionno said.“We do know that the vehicle is still at large,” Ambrose added. “It’s a stolen vehicle out of Montclair, [New Jersey].”Copyright © 2019, ABC Radio. All rights reserved.last_img read more