ExxonMobil trumps Oil Search’s offer for Papua New Guinea’s InterOil

•July 25, 2016 • 1 Comment

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http://www.smh.com.au/business/energy/exxonmobil-trumps-oil-searchs-offer-for-papua-new-guineas-interoil-20160718-gq7v3r.html?google_editors_picks=true

US energy giant ExxonMobil has, as expected, intervened to spoil Oil Search’s $US2.2 billion takeover ambitions for Papua New Guinea gas explorer InterOil, leaving the ASX-listed player needing to lift its own bid by about 10 per cent or be knocked out of the running.

Exxon’s bid, of $US45 ($59.4) per share in stock plus an additional payment depending on the size of InterOil’s Elk-Antelope gas field, has been deemed by InterOil’s board to be superior to Oil Search’s friendly deal struck in May.

That means Oil Search now has three days to match it to stay in the race. However even if it doesn’t, Port Moresby-based Oil Search is expected to benefit, given an Exxon takeover of InterOil would improve the chances of a new competitive LNG project in PNG.

US-listed InterOil advised earlier this month it had received an eleventh-hour alternative proposal from an unidentified third party but which The Australian Financial Review revealed was ExxonMobil. At that stage the offer, believed to be the second bid the US major has made for InterOil  after an initial offer last year, had yet to be firmed up.

With French oil major Total SA supporting Oil Search’s offer, the tussle has drawn in some of the world’s most powerful energy heavyweights. ExxonMobil is the operator of the $US19 billion PNG LNG venture, but doesn’t have a stake at present in Elk-Antelope, which Oil Search and Total plan to develop to feed a new LNG venture, Papua LNG.

Total is aware of the latest developments, Oil Search said on Monday.

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exxon wins..bad luck oil search..

will the money flow to png?

401

Images 24/7/16

•July 24, 2016 • 24 Comments

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wisdom of homer..

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but we are called crazy conspirators!

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come and visit..its great!

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(((they))) love blair..

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mj knew the game better than most..

ai

the future meshing of human and robot..

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coincidence..nothing to see here..

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love child..

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best laid plans of mice and men..awkward..

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david..

401

UN secretary-general: Guterres leads first poll

•July 23, 2016 • 2 Comments

antonio-guterres

http://www.theaustralian.com.au/national-affairs/foreign-affairs/un-secretarygeneral-guterres-leads-first-poll-rudd-still-seeks-backing/news-story/ffbade50b4cc2333b9bfcb5127281eb8

Antonio Guterres of Portugal has emerged as frontrunner to become United Nations secretary-general, defying expectations that world leaders would favour an eastern European woman to succeed Ban Ki-moon.

The first poll of the 15-member UN Security Council revealed 12 countries voted to “encourage” the former Portuguese prime minister, with no countries openly hostile to his candidacy, according to results seen by The Australian.

Another man, Slovenian former president Danilo Turk, came second with the encouragement of 11 countries, although two nations voted to “discourage” his candidacy.

The leading eastern European woman, former Bulgarian acting foreign minister Irina Bukova, ran third with the encouragement of nine countries but the discouragement of four.

Kevin Rudd’s candidacy has not yet been considered by Australia’s cabinet and the former Labor prime minister was therefore not considered in the straw poll — the first of several tests of support before Mr Ban’s term expires in December.

“Kevin Rudd has requested that the Australian government nominate him and, as the Prime Minister has indicated on a number of occasions, that’ll be a matter for cabinet,” Foreign Minister Julie Bishop told Sky News on Monday. “I’ll certainly put the matter forward.”

https://en.wikipedia.org/wiki/Ant%C3%B3nio_Guterres

Is a former Portuguese politician who was Prime Minister of Portugal from 1995 to 2002. He also served for a time as President of the Socialist International. He served as United Nations High Commissioner for Refugees from June 2005 to December 2015.

Guterres is a member of the Club of Madrid, an independent non-profit organization composed of democratic former Presidents and Prime Ministers from 57 different countries, and which works to strengthen democratic institutions and leadership.

  • European Council on Foreign Relations (ECFR), Member

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selected not elected..fuck rudd..and fuck them all tbh..they will all have fingerprints leading back to the usual suspects..

401

World’s largest observation wheel in Dubai takes shape

•July 23, 2016 • 2 Comments

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mersas

http://www.thenational.ae/business/travel-tourism/worlds-largest-observation-wheel-in-dubai-takes-shape–in-pictures

Construction of what will be the world’s highest observation wheel, located in Dubai, has reached a significant milestone according to its developer, Meraas.

Ain Dubai, which is taking shape on Bluewaters Island in front of the Jumeirah Beach Residence coastline, has had its hub and spindle lifted into place, creating a new feature on Dubai’s dramatic skyline.

They were manufactured and assembled in the UAE and shipped to Bluewaters Island due to their size – the spindle has a diameter of 6.25 metres and is made of steel that is similar to that used for nuclear power plants.

The assembled hub and spindle is approximately 40 metres long and 20 metres high and weighs 1,805 tonnes, which is equivalent to four Airbus A380 aircraft.

The hub will later be connected to the rim via 192 spoke cables, with the structure then resembling a gigantic bicycle wheel.

Construction of the project has been made possible with two of the world’s largest cranes, each boasting a 180-metre-long boom and lifting capacity of more than 3,000 tonnes.

“Once completed, Ain Dubai will emerge as an engineering masterpiece, the first of its kind in the industry, and a truly spectacular must-visit attraction, adding a unique experience and vantage point to the list of things to do in Dubai,” said Omar Delawar, the chief projects officer at Meraas.

Ain Dubai, previously known as Dubai-I, is set to become the main attraction of Bluewaters Island, which will also feature entertainment, retail, residential and hospitality offerings.

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thanks to intrigued for the link..

its not called a ferris wheel any more..its an observation wheel..and its also an esoteric symbol for the one eye..always found near water..

401

Ukraine offers ammonia plant in state fire sale

•July 23, 2016 • 5 Comments

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https://www.rt.com/business/351887-ukraine-ammonia-maker-sale/

Monday is the deadline set for the sale of a majority stake in Ukraine’s biggest ammonia plant, Odesky Pryportovy Zavod (OPZ). It is part of Kiev’s plan to raise cash by selling state assets.

According to the State Property Fund, the Ukrainian government expects bids for a 99.567% stake in the enterprise with a starting price of 13.2 billion hryvnia ($532 million) by 6:00pm Kiev time on Monday.

The plant employs 3,800 workers and produced 1.1 million tons of ammonia and 950,000 tons of urea in 2015. The first attempt to sell OPZ was made in September 2008.

“In case we don’t get enough bids or if there’s not enough authorized bidders, a second auction for OPZ may take place in the autumn,” Igor Bilous, the chief of the State Property Fund wrote on his Facebook, stressing that he didn’t aim to privatize at any cost.

According to government, OPZ made a net profit of 211 million hryvnia ($8.5 million) last year with a net loss of 419 million hryvnia ($16.9 million) in the first quarter, compared to a profit of 90 million hryvnia ($3.6 million) a year earlier.

Cash-strapped Ukraine is being forced to sell the nationalized firms to improve their efficiency and ease investor worries about corruption eroding the state sector of the country’s economy. State-owned enterprises accumulated losses of more than $4 billion in 2014.

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sell sell sell..

“Cash-strapped Ukraine is being forced to sell the nationalized firms to improve their efficiency and ease investor worries about corruption eroding the state sector of the country’s economy.”

imf directives..

401

Indian Environment Minister Anil Madhav Dave: US-developed weapon system may cause global warming

•July 22, 2016 • 4 Comments

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http://www.business-standard.com/article/pti-stories/us-developed-weapon-system-may-cause-global-warming-govt-116071800897_1.html

A US-developed weapon system that strikes the atmosphere with a focussed electromagnetic beam may cause global warming, the government said on Monday and acknowledged that climate change is likely to reduce the yield of major crops like wheat and maize in India.

“The US has developed a type of weapon called High Frequency Active Auroral Research Programme (HAARP).It strikes the upper atmosphere with a focussed and steerable electromagnetic beam,” Environment Minister Anil Madhav Dave told the Rajya Sabha in a written reply.

“HAARP is an advanced model of a super powerful ionospheric heater which may cause the globe to warm and have global warming effect,” he said.

Dave was replying to a question on whether the government is aware of HAARP, capable of effecting devastating impact on the world’s climate including that of India and resulting in destabilisation of agricultural and ecological systems.

He said a study conducted by Indian Council of Agricultural Research has projected the impact of climate change to be adverse in terms of reduction of yield of major crops including wheat, maize, mustard, potato and sorghum.

Recognising the adverse impact of climate change, the minister said that the government launched the National Action Plan on Climate Change (NAPCC) in June 2008 to deal with climate change-related issues.

NAPCC comprises eight missions in areas of solar energy, enhanced energy efficiency, habitat, water, sustaining Himalayan ecosystems, forestry, agriculture and strategic knowledge of climate change.

It also addresses the issues relating to mitigation of greenhouse gases and adaptation to the adverse impacts of climate change on environment, forest, habitat, water resources and agriculture.

Dave said 32 states and union territories (UTs) have also prepared a State Action Plan on Climate Change (SAPCC).

https://en.wikipedia.org/wiki/Anil_Madhav_Dave

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nice one dave..be careful driving and check what you eat..

“The US has developed a type of weapon called High Frequency Active Auroral Research Programme (HAARP).It strikes the upper atmosphere with a focussed and steerable electromagnetic beam,”

truth..

401

Islamic State braces for imminent Iraqi siege to retake Mosul

•July 22, 2016 • 2 Comments

636045175876651928-AP-Mideast-Iraq-Islamic-State

http://www.usatoday.com/story/news/world/2016/07/19/islamic-state-braces-imminent-iraqi-siege-retake-mosul/87102304/

For months, the Iraqi government has been preparing to launch an offensive to recapture the country’s second largest city, Mosul, from the Islamic State. Now, there are clear signs that the militants believe it is imminent.

The extremist group’s fighters have sent their wives and children to Syria and Turkey, pulled their black flags from buildings to hide potential airstrike targets for a U.S.-led coalition, planted roadside bombs and set fires to oil wells to stymie Iraqi troops.

The Islamic State “has announced its highest alert,” said Arm Khaled al Obaidi, a Mosul resident and former policemen. “They canceled all leave and demanded fighters on leave return to duty.”

This month, Iraqi forces recaptured from the militants an airstrip about 40 miles south of Mosul that  will serve as an important staging area for Iraqi troops. At the same time, the U.S. military said it is sending an additional 560 troops to Iraq for duties that include guarding the air base in anticipation of the long-promised siege.

Mosul is the Islamic State’s last power center in the country. Iraqi forces already recaptured Fallujah — about 40 miles west of Baghdad — and other cities that the militant group had controlled since invading the country two years ago.

Iraqi Prime Minister Haider al-Abadi pledged to retake Mosul before the end of the year, but it’s not clear when an offensive could begin in earnest.

Mosul resident Faisal Essawi said now is the time to confront the Islamic State because some fighters are deserting the group in anticipation of an epic battle.

“The government must take the opportunity of the chaos (the Islamic State) is suffering after losing the airbase,” Essawi said. “Some of their leaders have gone missing. The organization is struggling to fill the gap.”

Iraqi officer Abu Mohamad said the Islamic State is getting desperate. It “set up fixed and mobile checkpoints to hunt down their own fighters who fled the front, the battle near the air base,” he said. “They have also started looking for former policemen and soldiers to arrest them, as they consider them a potential threat.”

Some Iraqis who already fled Mosul said other residents are now trying to escape because they fear Iraqi Shiite militias fighting alongside government troops. Mosul’s largely Sunni Muslim residents have heard news reports about militiamen who abducted, tortured and executed Fallujah residents suspected of cooperating with the Islamic State. Fallujah also is predominantly Sunni, the same sect as the militants.

“Some are afraid of the militias, not the army, as they might seek revenge from the city’s residents,” said Abu Ahmed, 30, a medical technician in Germany. He fled Mosul last year with the help of smugglers but still keeps in close contact with his family in the city.

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this will not be pretty..

“The extremist group’s fighters have sent their wives and children to Syria and Turkey, pulled their black flags from buildings to hide potential airstrike targets for a U.S.-led coalition, planted roadside bombs and set fires to oil wells to stymie Iraqi troops.”

401

 
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