Talos Energy signs two exploration deals with BP and ExxonMobil

first_img Image: Talos seeks new exploration opportunities in the US Gulf of Mexico. Photo: courtesy of Kasey Houston/Freeimages.com. US-based oil and gas exploration company Talos Energy has signed two separate agreements with BP and Exxon Mobil for new exploration opportunities in the US Gulf of Mexico.As per the terms of the deal signed with BP, Talos agreed to work with BP to drill and evaluate the Puma West prospect, located in Talos-owned Green Canyon Block 821, in the fourth quarter of 2019.Talos will own 25% interest in the Puma West prospect while BP, as operator, will own the remaining stake.Initial exploration well at Puma West prospect to be drilled in October 2019The partners are planning to spud the initial exploration well using the Seadrill West Auriga ultra-deepwater drillship, before the end of October 2019.Talos president and CEO Timothy Duncan said: “We believe that coupling Talos’s initial prospect evaluation with BP’s known expertise in the region provides the best opportunity for success, and we look forward to initiating the project within the next 30 days.”Separately, Talos has acquired the Hershey prospect from ExxonMobil and will be the designated operator of Green Canyon Blocks 326, 327, 370 and 371.Planned to be developed as a subsea tie-back to multiple Talos-controlled Green Canyon facilities or with new infrastructure, the Hershey sub-salt Miocene prospect has potential for several stacked horizons.Talos anticipates the prospect could contain oil-weighted, gross unrisked resources of 100 – 300 MMBoe if successful, based on preliminary estimates.Duncan added: “The acquisition of the Hershey prospect, located less than 10 miles from our Phoenix complex, adds another high-impact exploration opportunity to our portfolio that can leverage our nearby infrastructure and operating experience in the area.“The transaction structure, which is 100% contingent-based and contains no well commitment, provides Talos with significant financial and commercial optionality in evaluating the potential resource.”Earlier this year, Talos Energy has completed the Zama appraisal program in Block 7, located in the offshore portion of Mexico’s prolific Sureste Basin.The firm is the operator of the Block 7 as part of the consortium between the partners Sierra Oil & Gas, a Wintershall DEA company, and Premier Oil. The two agreements are related to the exploration opportunities in the US Gulf of Mexico last_img read more

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Equinor increased purchases from Norwegian suppliers in 2019

first_imgEquinor’s total procurements increased from NOK 141.7 billion to NOK 161.6 billion from 2018 to 2019 Image: An Equinor building. (Credit: Ole Jørgen Bratland/Equinor ASA) In 2019 Equinor purchased goods and services worth NOK 161.6 billion from more than 9,000 suppliers globally. NOK 113 billion, i.e. 70% of total purchases, went to suppliers with a Norwegian billing address.“A competitive supply industry is highly important for Norway and for Equinor. During the last years we have seen a steady growth in the Norwegian content of our total procurement: from 61% in 2017, to 67% in 2018 and to 70% in 2019. This is a recognition of the good work done by the Norwegian suppliers to respond to the tough transition in the energy sector in recent years,” says Peggy Krantz-Underland, Equinor’s chief procurement officer.High activityEquinor’s total procurements increased from NOK 141.7 billion to NOK 161.6 billion from 2018 to 2019. This is related to the high project activity, increased exploration and new fields in production in the company.In 2019, five Equinor operated fields were put in production, including the giant Johan Sverdrup field on the Norwegian continental shelf and the Mariner field on the UK continental shelf.Equinor is investing in a world-class project portfolio coming on stream towards 2026, representing 6 billion barrels to the company. Also in the renewables business, the project activity will increase during the next years as the Dogger Bank and Empire Wind projects are being matured. These projects open new opportunities for the supply industry in Norway and internationally.Safeguarding improvementsThe high activity makes it is even more important to focus on costs, quality and efficiency and to safeguard the good improvements achieved by the industry. This will allow to stay resilient through cycles and take advantage of new opportunities.“During the last years we have achieved important efficiency gains together with suppliers. We have transformed our cost base, our drilling performance and how we develop projects. This has enabled Equinor to progress and sanction new projects in a challenging downturn period, awarding contracts and giving jobs to our suppliers and sub-suppliers. The industry will continue to be cyclical and volatile. To minimize the cycles, we should aim for a stable and predictable activity and a sustainable cost level”, says Equinor’s executive vice president for Technology, Projects and Drilling, Anders Opedal.Strengthened supplier collaborationEquinor is exploring new ways of working with suppliers to withstand market volatility, increase efficiency and ensure sustainable margins.Particularly within project development, early engagement of key suppliers is increasingly a preferred approach. This enables concept optimization and robust execution planning, and it offers suppliers an opportunity to assume a greater role in overall value creation.A lot of focus is made on working with suppliers in more integrated ways, as one team, to eliminate waste embedded in interfaces, empower suppliers and increase their responsibility. An important measure is introduction of new incentive schemes in the agreements that reward safe and effective deliveries.“Going forward we will work even closer with the best suppliers to demonstrate that safety, efficiency, quality and costs can go hand in hand. Our aim is to create value together with suppliers and find win-win solutions for all parties involved”, says Krantz-Underland. Source: Company Press Releaselast_img read more

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Maersk Drilling invests in new technology to facilitate carbon-neutral drilling

first_imgA full-scale deployment of the Carbon-Negative Energy concept will produce renewable fuel and power Maersk Drilling invests in new technology to facilitate carbon-neutral drilling.(Credit: Maersk Drilling.) Maersk Drilling has entered an agreement to invest USD 1m in the California-based company Clean Energy Systems to help develop a new technology called Carbon-Negative Energy. The concept builds on proven technology originally developed for the aerospace industry, which is now being deployed in a process that is expected to result in net-negative carbon emissions. For Maersk Drilling, this is one of several opportunities being pursued in order to help the company’s customers move towards carbon-neutral drilling.A full-scale deployment of the Carbon-Negative Energy concept will produce renewable fuel and power, and simultaneously remove greenhouse gases from the atmosphere. The net negative carbon emissions can be converted into carbon credits. The agreement between Clean Energy Systems and Maersk Drilling gives Maersk Drilling an option to offset the emissions resulting from drilling for its customers or for the company itself.“By investing in Clean Energy Systems’ concept, we are helping to bring alive a new technology which can remove CO2 from the atmosphere. We believe the world needs a broad portfolio of technologies and solutions to meet the challenge posed by climate change, and by engaging in this project, we support the development of carbon capture and storage in a way that could allow us to progress towards carbon-neutral drilling,” says COO Morten Kelstrup of Maersk Drilling.The Carbon-Negative Energy concept is based on using biomass waste as fuel to produce syngas, from which renewable natural gas and hydrogen is separated for sale. The resulting hydrogen-depleted syngas will be used to produce electricity with full capture of associated CO2 emissions. By using fuel that consumes CO2 over its lifetime, combined with safe and permanent CO2 storage, the process results in net-negative emissions, effectively removing CO2 from the atmosphere.“We are very excited to work with Maersk Drilling on these innovative projects to remove CO2 from the atmosphere in the near term, while producing renewable transportation fuels. Carbon-Negative Energy can be a key contributor to helping companies meet their net carbon zero goals, and these projects can be replicated in Europe and other markets,” says Keith Pronske, President and CEO of Clean Energy Systems.Maersk Drilling is working to reduce the emissions associated with offshore drilling in multiple ways. The company recently announced that it has joined a consortium that is maturing one of the most progressed CO2 storage projects inside Danish jurisdiction, and other solutions include the first-ever rig to operate on shore power and the upgrade of two jack-ups to hybrid, low-emission rigs. Source: Company Press Releaselast_img read more

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RSU 9 budget forum tonight at Mt. Blue

first_imgFARMINGTON – Residents of the Regional School Unit 9 towns will have an opportunity to be heard on a proposed $37.3 million budget Tuesday evening at the high school.The meeting is an opportunity for residents to ask questions or comment on proposed expenditures for the next fiscal year, prior to the school board formally voting on the budget at a future meeting. The meeting begins at 7 p.m. in the forum at the Mt. Blue Campus.As currently proposed, the $37,313,953 budget would represent an increase of $1.77 million or 4.97 percent over the current fiscal year. The majority of the increase would be paid for by the state, as revenues increase by $1.07 million to $22.1 million in total. As a result, the budget’s impact on local tax assessments would be an increase of 1.67 percent, totaling assessment increases in eight towns and assessment decreases in Weld and Wilton.One of the biggest reasons for the the $1 million-plus increase to state funding is RSU 9’s climbing enrollment, with an extra 59 students bringing additional funding into a district that added 118 students in the previous two years.The budget includes 2.5 percent increases in salary for teachers and 5 percent for support staff. Retirement costs are mostly flat, at .19 percent, while health insurance figures currently plugged into the budget include an 8.8 percent increase. The actual health insurance figure may be announced as early as Tuesday evening. Each 1 percent of increase represents roughly $39,000 in new expenditures for the district.Increases in the budget include adding a currently-active Cape Cod Hill School teaching position to the budget and shifting a W.G. Mallett School teacher out of a class-size reduction grant and into the regular budget. Other increases include a half-time social worker position at Mt. Blue High School, a two-day-a-week nurse at W.G. Mallett, increasing a secretary position at Mt. Blue Middle School to full time and a behavioral ed tech interventionist and a quarter-time social worker at Cape Cod Hill School.The budget also includes a reformation of the Pathway for All Learners program at the grade 3 to 5 level, hiring a social worker and a Board Certified Behavior Specialist, instead of the previously envisioned Special Education teacher and three ed techs. Instead of transporting students to a central location like the K to 2 program, the grade 3 to 5 program would bring services to students in their specific schools.Two buses would be purchased if the budget were approved as presented. The combined cost to the district for both buses would be $51,000 on a $206,000 purchase thanks to the Volkswagen emissions scandal settlement, which would pay the bulk of the cost.The budget also includes $20,000 to cover the cost of a five-year strategic plan for the district.More information on the budget can be found here by clicking on the “Mt. Blue RSD Budget Information 2019-2020” link. This includes budget presentations and documents, as well as video from the budget meetings.The projected date to set the budget recommendation at the board level would be Tuesday, April 23. The district-wide budget meeting is currently scheduled for May 28, while the accompanying referendum vote would be June 11.last_img read more

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County Officials Approve Permit For 2-Day Dead & Company Festival In Wyoming

first_imgToday, Jackson Hole News & Guide broke the news that the Board of Teton County Commissioners have unanimously approved a permit that would allow Dead & Company to host a two-day festival at Jackson Hole Hereford Ranch in the summer during a special meeting called for the application’s review. Late last month, James Deighan, owner of Highline Sports and Entertainment, filed the approved application for the permit for the two-day concert that would take place in South Park, WY, on August 18th and 19th. In his application, Deighan estimated that 15,000 – 20,000 people would attend.However, as noted by Jackson Hole News & Guide, while the permit was approved, the commissioners green-lighted the festival only with the caveat that Highline Sports and Entertainment submit a detailed security and traffic plan by April 1st as well other mitigation plans by May 1st. Other conditions for the festival’s approval included that the county staff’s daily workload would not be “unduly impacted by planning for the event.” The board also noted that, rather than the proposed end time of 10 p.m. each night, they were interested in the music ending at 9 p.m., and that they’d like to make sure that locals have prioritized access to tickets.However, while the Dead & Company festival has secured the necessary permits from the county, this does not mean that the concert is guaranteed to happen. At the initial hearing, Deighan noted, “The only caveat is we are up against a little bit of time…to properly plan this event and execute it in the proper fashion that not only the town deserves but the event itself as well.” Today, Deighan explained to Jackson Hole News & Guide ahead of the county’s special meeting to approve the permit, “If in fact we do move forward today as a group, that doesn’t mean we’re hitting the go button.”last_img read more

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Zeroing in on long-term weight loss

first_img Researchers with widely varying views on dietary guidelines come to a consensus The studyParticipants were first placed on a diet to lose about 12 percent of their starting weight (weight loss averaged 25 pounds) to kickstart metabolic changes. The next phase randomly assigned the 164 participants who achieved this loss to one of three test groups:High (60 percent) carbohydrate and low (20 percent) fat diet;Moderate (40 percent) carbohydrate and (40 percent) fat diet;Low (20 percent) carbohydrate and high (60 percent) fat diet.The protein amount was the same in all groups, at 20 percent. Total calories were adjusted up or down in each participant to prevent any weight changes. All meals were provided to the participants during the weight-loss phase and throughout the 20-week test phase. The types of foods in each diet group were designed to be as similar as possible, but varying in amounts: The high-carbohydrate group ate more whole grains, fruits, legumes, and low-fat dairy products, while the low-carbohydrate group ate more fat but eliminated all grains and some fruits and legumes.After participants followed the diets for 20 weeks the researchers measured their total energy expenditure. They found that participants in all groups maintained their weight, and there was minimal difference in secondary measures, including physical activity and resting energy expenditure (factors that could independently increase total energy expenditure).The findingsThe low-carbohydrate group showed an increased energy expenditure, with a range of 209‒278 calories/day, compared with the high-carbohydrate group.The moderate-carbohydrate group showed a smaller increase in expenditure of about 100 calories compared with the high carbohydrate group. This trend was consistent throughout the 20-week period.The increased metabolic effect with the low-carbohydrate diet was most significant in people who had high insulin secretion at the start of the study, with an increased energy expenditure of 308‒478 calories/day. (People with high insulin secretion tend to be shaped more like apples than pears, with excess body fat stored predominantly around the midsection.) This finding supports recent research to suggest that differences in biology may affect how people respond to weight-loss diets over the long term.A hormone that works to increase appetite, ghrelin, decreased significantly on the low-carbohydrate diet, which could help with weight-loss maintenance. Another appetite-regulating hormone, leptin, also decreased. Leptin regulates energy balance and works to keep body weight stable. It typically counteracts ghrelin by sending signals to the brain to suppress appetite when the body has enough food.Previously, high leptin levels were thought to lower appetite and signal the body to begin using stored fat for energy. However, some forms of obesity/overweight may lead to “leptin resistance” where there are high levels of leptin. In this scenario, the brain does not receive an alert that leptin levels are already high, so it continues to send strong hunger signals while conserving body fat stores. In other words, high leptin levels may promote leptin resistance. Its significance in the BMJ study was that the lower carbohydrate diet appeared to improve leptin sensitivity by reducing high levels of leptin.“This study raises the possibility that a focus on restricting carbohydrates, rather than calories, may work better for long-term weight control,” said David Ludwig, professor in the Department of Nutrition at the Harvard T.H. Chan School of Public Health, who led the study with Cara Ebbeling from Boston Children’s Hospital.Walter Willett, professor of epidemiology and nutrition at the Harvard Chan School, who was not involved in the study, noted that, “These findings from a carefully conducted investigation can help explain why low-fat/high-carbohydrate diets are not successful for most people and have failed to maintain weight loss in formal randomized trials that have lasted for one year or longer.”This story originally appeared on the Harvard Chan School’s website, The Nutrition Source.This work was conducted with grants from Nutrition Science Initiative (made possible by gifts from the Laura and John Arnold Foundation and Robert Lloyd Corkin Charitable Foundation), New Balance Foundation, Many Voices Foundation, and Blue Cross Blue Shield. David S. Ludwig was supported by a mid-career mentoring award from the National Institute of Diabetes and Digestive and Kidney Diseases (K24DK082730). Related Good fat vs. bad fat vs. high carb vs. low carb Losing weight is hard work, but many people who have lost weight may agree that keeping it off can be an even greater challenge.A lack of self-control or a few too many dietary indulgences are often cited as reasons for regaining weight. But a new study in the November issue of BMJ questions this conventional view, finding that the type of calories you consume may influence how likely you are to keep that weight off for the long term.The human body is designed to protect itself when it sheds weight, whether voluntarily or involuntarily, by increasing the urge to eat while slowing down the metabolism and more efficiently storing fat. Although it may be exciting to see the numbers on the scale drop, this makes it harder to keep losing weight or even maintain weight loss.The purpose of the BMJ study was to see if different levels of carbohydrates in the diet could prevent these metabolic changes from occurring, so that weight lost might stay off. The focus on carbohydrates was based on the carbohydrate-insulin model of obesity, which holds that high insulin levels that result from eating a high glycemic load diet (i.e., highly processed carbohydrates like refined breads, crackers, cookies, and sugars) cause energy from the food to be stored more easily as fat, and may increase hunger and food cravings, lower energy expenditure, and promote weight gain. “This study raises the possibility that a focus on restricting carbohydrates, rather than calories, may work better for long-term weight control.” — David Ludwiglast_img read more

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Using Smart Design to Reduce E-Waste

first_imgThere’s a reason I like designers: they tend to think big picture (pun intended). Dell’s Sr. VP of Experience Design, Ed Boyd, is a good example. In a recent piece he wrote for Triple Pundit, Ed talks about how smart up-front design strategies are critical to the end of life for our IT products. Rather than having a beautiful product or an environmentally friendly one, Ed says you should have both.He takes his engineers to visit with recyclers, learning what frustrates them, what slows them down, and what simply doesn’t work. This is a regular field trip he takes his designers on, where they learn things like having laptop cases open from the bottom instead of the top to speed up dismantling, or incorporating icons, pictures and videos into repair manuals so technicians do not have to pause to read detailed instructions.Dell engineers and design architects witness how a recycling facility receives, tests and sorts Dell products during a recent field trip.Ed also points to modularity as another key, sharing the example of creating a single access door for all major components. He also cites Dutch cell phone maker Fairphone and their plug-and-play design for the Fairphone 2. The company was featured in Dell’s Legacy of Good Short Film Contest this past year.And it’s not just how you manipulate the product.“[It] turns out ‘trash’ can be a workable and cost-effective material for designers,” explained Boyd.He talks about how Adidas is making shoes out of ocean plastic and notes that he is exploring the waste material for packaging design at Dell.All of these examples of big-picture thinking demonstrate how cutting-edge designers like Ed are making the environment a priority when they design. “We owe it to our customers, our communities and our planet to continue pushing the boundaries of what’s possible with design.”Boyd’s article can be found at Triple Pundit. Read more about Dell’s innovative approaches to design and materials sourcing, at www.dell.com/circulareconomy.last_img read more

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Rivers breaking banks in Germany as more snow falls

first_imgBERLIN (AP) — Authorities in Germany have warned of flooding in the west of the country Saturday as meltwater pushes rivers to break their banks. Shipping was halted on the Rhine at Karlsruhe, and in Wissen southeast of Cologne four men had to be rescued after their inflatable boat capsized in swollen rapids. In Buedingen, east of Frankfurt, residents tried to salvage belongings from the mud swept in by a foot-high surge of water overnight. Unseasonably warm weather and rain have accelerated snowmelt in parts of Switzerland and Germany in recent days. Meanwhile, fresh snow disrupted rail traffic in large parts of northern Germany, cutting off connections to Bremen, Kiel and Luebeck overnight.last_img read more

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Senators Borrello, O’Mara Share Concerns Over Cuomo’s Proposed Budget

first_imgShare:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to email this to a friend (Opens in new window) Pictured in the state Senate Chamber, from left to right: Dunkirk Mayor Willie Rosas; Corning City Council member Alison Hunt; Olean Mayor William J. Aiello; Corning Mayor William Boland; Senator Tom O’Mara; Rosita Rosas, City of Dunkirk; Senator George Borrello; Corning City Manager Mark Ryckman and Jamestown Mayor Edward Sundquist. Image by Senator George Borrello’s Office.ALBANY – Local leaders from across New York State traveled to Albany last week for a meeting of the New York Conference of Mayors and to directly share their concerns with state legislators on Governor Andrew Cuomo’s proposed New York State budget.The governor unveiled his Executive budget proposal in late January and the Legislature’s fiscal committees have been conducting public hearings on the $178-billion plan over the past several weeks.State Senator George Borrello and Senator Tom O’Mara met several local officials from their respective legislative districts.In a joint statement, O’Mara and Borrello shared their concerns about the Governor proposed budget over the potential cost shifts in Medicaid, new unfunded state mandates, and funding cuts in numerous areas, including local roads and bridges. “We agree that the Cuomo budget plan, as it stands, risks putting a heavier burden on local governments and local property taxpayers, who are already at the breaking point in fundamental ways,” the Senators said. “Consequently, we appreciate many of the local officials we represent raising their voices and we will continue to work closely with them to protect our local communities and property taxpayers from unreasonable and unfair state efforts to pass the buck on fiscal responsibility.”The two stressed that they would keep working with their legislative colleagues across the Southern Tier and Finger Lakes regions to keep attention focused on unfunded state mandates, a stronger commitment to Aid and Incentives for Municipalities to support local municipalities and property taxpayers, job-killing state regulations, out-of-control debt, public safety, and a state tax burden that hurts family budgets and keeps New York’s business climate one of the worst in the nation.Local officials attending the conference from Senator Borrello’s 57th Senate District were: Dunkirk Mayor Willie Rosas, Olean Mayor William J. Aiello, and Jamestown Mayor Edward Sundquist. Officials from Senator O’Mara’s 58th Senate District were: Corning Mayor Bill Boland, Corning City Manager Mark Ryckman and Corning City Councilmember Alison Hunt.last_img read more

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Bar Web site to be upgraded

first_img B ar Web site to be upgraded Plan would allow more member information to be included Bar members may soon be able to list more information about themselves on the Bar Web site’s information pages about individual members.Communications Committee Chair Kim Bald recently reported to the Board of Governors the committee hopes to allow members to add expanded information about themselves and their law firms by summer.Currently, when a member of the public uses the Web site’s Find a Lawyer function, only basic information is displayed, including the lawyer’s address, that he or she is a member in good standing, year admitted, whether the lawyer is certified, and sections and committees membership.Bald said the Communications Committee wants to expand that portion of the Web site information, similar to what the State Bar of Texas does.At its meeting the day before the board met, the committee received a presentation from Bar staff on what information could be added and how that would be done.Information included areas of practice, law school attended, size of the law firm, what other state bars the lawyer is admitted to, languages spoken at the office, federal courts where the lawyer is admitted, and other services that are offered by the firm.A lawyer would also be able to list his or her firm’s site address, although as presently planned it would not be a “clickable” link.The program would be set up so Bar members could log in to the Bar’s Web site to provide and update information themselves.Public Information Director Francine Walker said allowing the additional information proved very popular in Texas, where about 94 percent of its members have taken advantage of the service. Bar Web site to be upgraded April 1, 2006 Regular Newslast_img read more

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