FAR to sell stake in $4.2bn RSSD project in Senegal to ONGC Videsh

first_img ONGC Videsh signs deal to acquire FAR’s stake in RSSD project.(Credit: Keri Jackson from Pixabay) FAR has agreed to sell its 15% stake in the $4.2bn Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore project (RSSD project) in Senegal to ONGC Videsh Vankorneft for $45m.ONGC Videsh Vankorneft is a subsidiary of ONGC Videsh, which in turn is the overseas arm of Indian state-owned oil and gas company ONGC.The company will be acquiring 13.67% participating interest in the Sangomar exploitation area and 15% participating interest in the RSSD contract area outside it.As per the terms of the deal, ONGC Videsh will also reimburse $66.58m to FAR, which is the latter’s share of working capital for the Senegalese oil project from 1 January 2020.The deal also includes an entitlement to certain contingent payments to FAR, capped at $55m, which will be based on various factors associated with the sale of oil from the RSSD project.First oil from the offshore Senegalese project is expected to be drawn in mid-2023, as per its operator Woodside Petroleum.ONGC stated: “The completion of the present transaction would mark ONGC Videsh entry in Senegalese offshore in a significant project under development and is consistent with its strategic objective of adding high impact exploration and near-term production assets to its existing E&P portfolio.”In January 2020, Woodside, Cairn Energy, and FAR signed a final investment decision (FID) for phase 1 of the Sangomar field development. The companies are partnered by Senegal national oil company Petrosen (10% stake) in the RSSD project.FAR could not secure senior and junior debt financing for its share of $600m for the project due to the fall in the oil price and the Covid-19 outbreak.As a result, the Australian firm has been pursuing sale of its stake in the Senegalese project, while continuing to consider financing options.FAR managing director Cath Norman said: “ONGC is a very reputable group with global exploration and production interests. We believe they will be a valuable partner for Petrosen and Woodside going forward.“As we have acknowledged, the market for financing and selling assets has been weak since the impact of COVID was felt in March of this year. In these circumstances, the offer from ONGC represents the best option available at this time and we trust that our shareholders will vote for this transaction.”Following the completion of the deal, FAR expects to have nearly $130m in cash. The capital will be used by the Australian oil and gas company to advance its other offshore West African prospects in the Gambia and Guinea-Bissau.The deal is subject to meeting of preceding customary conditions such as approvals from Senegal regulatory authorities, FAR shareholders, non-exercise or waiver of pre-emption by joint venture partners and also cancellation of certain third party agreement.In July 2020, Cairn Energy signed a deal to sell its 40% stake in the RSSD project to Russia-based LUKOIL for up to $400m. A month later, Woodside exercised its right to pre-empt on the same terms and conditions, which would increase its stake to 75%. The Australian firm is selling its stake after failing to secure financing for its share of the offshore oil projectlast_img read more

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Postdoctoral Associate – Mechanical & Aerospace Engineering (MAE) – Precision Space Systems

first_imgThe Precision Space Systems Laboratory in the Department ofMechanical and Aerospace Engineering at the University of Floridais seeking to fill a postdoctoral scholar position in the area ofspace technology development for drag-free inertial sensors for theNASA-ESA Laser Interferometer Space Antenna (LISA) gravitationalwave observatory and future Earth geodesy missions beyondGRACE-Follow On. This position may also contribute to thedevelopment of space instruments for intersatellite laser ranging,laser time-transfer, and laser communications for small spacecraft,especially CubeSats. Appointments as Research Scientist may beconsidered for exceptional candidates.Be a technical lead for space technology development and flighthardware fabrication and testing. This includes the development ofsome or all of the following: Capacitive sensors, mechanisms andmechanical design, digital control electronics, modulated currentsources, optomechanics, including fiber optics, and optoelectronicsfor space gravitational wave observatories (LISA), Earth geodesymissions, space optical communications systems, and laser rangingand laser time-transfer. Mentor graduate and undergraduate studentsinvolved in these projects and assist with technical andprogrammatic reports, journal articles and conferencepresentations.Ph.D. degree in Mechanical and/or Aerospace Engineering, ElectricalEngineering, Physics, Applied Physics, Astrophysics or a closelyrelated discipline.Knowledge and experience in the following topics are desired:Design, development, fabrication, integration and testing, flightoperations and/or data analysis for space flight programs;Mechanical/thermal design for space systems; Fiber-coupled lasers,LEDs and fiber amplifiers; High bandwidth pulsed/modulated currentsources for lasers and diodes; Digital electronics,microprocessors, and FPGAs; Development of flight software and orfirmware for microprocessors and FPGAs, including VHDL; Experiencewith laboratory experiments, including the use of vacuum systems,UV and IR light sources and detectors, data acquisition andinstrumentation.Please send a letter of interest highlighting research andlong-term goals, curriculum vitae, and the names and emailaddresses of three or more references. Please apply via Interfoliohttp://apply.interfolio.com/71128and reference job 55841.Final candidate will be required to provide official transcript tothe hiring department upon hire. A transcript will not beconsidered “official” if a designation of “Issued to Student” isvisible. Degrees earned from an education institution outside ofthe United States are required to be evaluated by a professionalcredentialing service provider approved by National Association ofCredential Evaluation Services (NACES), which can be found athttp://www.naces.org/ .The University of Florida is an equal opportunity institutiondedicated to building a broadly diverse and inclusive faculty andstaff. If an accommodation due to a disability is needed to applyfor this position, please call 352/392-2477 or the Florida RelaySystem at 800/955-8771 (TDD). Hiring is contingent upon eligibilityto work in the US. Searches are conducted in accordance withFlorida’s Sunshine Law.Category=69The University of Florida is committed to non-discrimination withrespect to race, creed, color, religion, age, disability, sex,sexual orientation, gender identity and expression, marital status,national origin, political opinions or affiliations, geneticinformation and veteran status in all aspects of employmentincluding recruitment, hiring, promotions, transfers, discipline,terminations, wage and salary administration, benefits, andtraining.last_img read more

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Our new arrival… www.bakeryinfo.co.uk

first_imgYour new gateway to the baking industry, the bakeryinfo.co.uk website will offer a selection of the bits of both magazine titles, while also providing a sneak preview of upcoming news and feature exclusives.On top of that, in the coming months we will be offering a whole host of online exclusives, from recipes to reader offers, so keep your eyes peeled!On our home page, you will find out what’s coming up in our next issue, as we trail the biggest news stories and features for the week. We will also tell you about any upcoming specials, such as our popular recipe supplements, the latest of which came free with British Baker last week. The Around the World Recipes supplement featured a selection of great commercially scaled-up international recipes. A selection of the recipes, including those from top names including TV chef Paul Rankin (pictured) and bakery writer Richard Bertinet, will appear in our dedicated recipes section on bakeryinfo.co.uk.Featured regularly in the pages of British Baker are recipes from some of the top bakers and confectioners in their fields working in the UK today, such as Dan Lepard and Paul Hollywood, which will also appear on bakeryinfo.co.uk. From Irish soda bread to French pain de campagne, Indonesian salmon baguette to Italian slipper pizza – all our recipes are there to inspire you and introduce you to classic products.You’ll also find some old recipes that we’ve scoured the archives for, as well as tips on how to create an impact with seasonal decorations.== online archive ==Need to track down that elusive recent news story about a hot new bakery deal that took place recently, but don’t have the time to flick through your back issues of British Baker? Then search our online archive resource and find it in a flash.While you’re there, why not participate in our monthly online poll, with which we hope to gauge your views on key issues. This month we ask: what is the biggest challenge facing your bakery business – is it energy prices, training and recruitment, the cost of ingredients, or the supermarkets? Visit bakeryinfo.co.uk and let us know.The bakeryinfo.co.uk website also offers a useful online diary, listing all the relevant bakery and food industry events coming up, from conferences and exhibitions, to courses on plant baking and classes on sugar craft. Are you hosting a bakery event? Visit bakeryinfo.co.uk and publicise it by listing it easily online yourself.Are you new to baking and looking for more information on how to progress in the industry? Our comprehensive list of links to non-commercial industry bodies and trade associations will steer you along the right path. And if you’re looking for a new job, or you’re an employer with a vacancy, visit our online Jobs section. For further details, contact our recruitment sales on 01293 610460, or email: [email protected], if you need to know anything about British Baker or Bake & Take, from circulation figures to advertising opportunities, contact details or a downloadable copy of our media pack for 2007, then bakeryinfo.co.uk is the place to go. If you’d like to subscribe to either magazine or register for our email updates on breaking news and new online features, you can now do so easily through the website. In the meantime, watch this space! nlast_img read more

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WNIT-PBS Michiana to air local Black Lives Matter special on Friday night

first_img Previous articleReps. Walorski, Banks propose Grissom Air Force Base as future Space Command HQNext articleSemi crash closes I-94 for hours, driver seriously hurt Jon ZimneyJon Zimney is the News and Programming Director for News/Talk 95.3 Michiana’s News Channel and host of the Fries With That podcast. Follow him on Twitter @jzimney. WNIT-PBS Michiana to air local Black Lives Matter special on Friday night IndianaLocalNews By Jon Zimney – June 5, 2020 1 361 Google+ Pinterest WhatsApp Google+ Twitter Twitter (Photo supplied/ABC 57) WNIT – PBS Michiana will air a special local production, Black Lives Matter: How did we get here? on Friday, June 5.“Some understand the Black Lives Matter outrage being witnessed in our community and around the country because they have felt it boiling under the surface for a long time. Others do not understand why this particular act of police violence (George Floyd’s death) has brought the outcry it has. In this conversation we strive to focus less on thecurrent protests taking place and rather try to make sense of the things that led the black lives matter movement to this tipping point. Through this program special we hope our viewers will gain a bigger-picture view of this particular movement, ” stated Producer Joy Ngugi.Host Michael Nixon along with guests Yemoja Redding of South Bend Black Lives Matter, filmmaker, activist and pastor Garrison Hayes and Co-Founder of We Are Sikhs & Former Obama White House Official Gurwin Ahuja will try to make sense of what led our community and country to this point.The one hour program airs on WNIT Channel 34.1 at 7 p.m. on Friday, June 5 and re-airs on 34.1 at 12 p.m. on Sunday, June 7.The episode will repeat at 11 p.m. on Friday, June 5, at 7 p.m. on Saturday, June 6 and 3 p.m. on Sunday, June 7 on WNIT INFocus Channel 34.2. Facebook WhatsApp Pinterest Facebooklast_img read more

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Bakkavör apprentice marks 2,000 milestone

first_imgA trainee with food manufacturer Bakkavör has been declared the 2,000th person to complete an apprenticeship in England’s food manufacturing industry in 2014. Tasha Devey, 21, is one of more than 9,675 people to complete an apprenticeship in the sector in the UK in the past five years, according to the National Skills Academy for Food & Drink.Figures show that 2014 was a record year with 2,000 certificates issued in England.Justine Fosh, chief executive of the National Skills Academy for Food & Drink said: “Bakkavör is a great example of a company that encourage apprentices to reach their full potential and this apprenticeship, delivered by an excellent provider in the University of Lincoln, provides a great bedrock for a young person to develop their future in the industry.”Amy Wright, Bakkavör’s group HR recruitment officer, added: “Our well-established apprentice scheme allows for a combination of practical training with focused college work, which in turn allows the apprentice to bring new ideas and fresh thinking as well as having the confidence to challenge the way we do things.“Apprenticeships are a great way of investing in young talent for the future and will result in the business having great young people that have the potential to develop specific and unique skills for the food industry.”Premier Foods this week announced plans to double its intake of apprentices.last_img read more

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Nearly 2,200 Adelie Foods staff made redundant

first_imgNearly 2,200 employees at food-to-go specialist Adelie Foods have been made redundant after joint administrators Deloitte were unable to secure a sale for the business as a going concern.The joint administrators had temporarily halted operations at the business but this has been made permanent, resulting in 2,169 redundancies being made today (1 June), with 22 employees retained.Deloitte was appointed last week after Adelie, which supplies food-to-go products to a range of retail customers and contract caterers, suffered a “significant adverse effect” as a result of coronavirus and the associated lockdown measures.A “very rapid” assessment of the options available was undertaken in the absence of any funding to enable ongoing trade. The previous sale process had resulted in an agreed going concern sale that it was not possible to implement, due to a key regulatory approval not being forthcoming.“Covid-19 has presented huge challenges to this business, given the lockdown measures and associated impact on the food-to-go sector. It is very unfortunate that we couldn’t enact the previously agreed sale and it is with sadness that we now have to announce such a significant number of redundancies,” said Rob Harding, joint administrator at Deloitte.“This is a very difficult time for the group’s employees and other key stakeholders. We will do everything we can to support them through this and would like to thank all for their continued support.”The group consists of Adelie Foods Limited, Adelie Foods Group Limited, Adelie Holdco UK Limited, Adelie Foods Bidco Limited and Brambles Foods Group Limited.At the time the group administrators were appointed, the business operated from three manufacturing facilities and five distribution centres across the country.last_img read more

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Passing The Russ Liquid Electric Kool Aid Acid Test With Flying Colors [Review]

first_imgThe Russ Liquid Test  has been in the works for quite some time, and with the release of their debut album 1984 (listen here), we have been able to peer into the elusive looking glass of this project. A few lucky fans were able to experience the spectacle that is the Russ Liquid Test, and boy do we want more.In the days leading up to the highly anticipated Pretty Lights Live New Year’s Eve event, Russ Liquid graced New Orleans venue Howlin’ Wolf with an unprecedented and undeniably funk-filled performance. Dubbed “The Russ Liquid Electric Kool-Aid Acid Test,” Russ was joined by members of Gramatik, Pretty Lights Music, Manic Focus, The Speakerbox Experiment, and Dumpstaphunk in a rare and one of a kind set. Along with Russ, the center of the Test is Lowtemp Music relative and right hand man, Andrew Block. The duo jammed through their nearly three-hour long set alongside legendary artists, Alvin Ford Jr., Borahm Lee, Keniem “Ken” Turner, Dwayne “JuBee” Webb, Emily Nichols, Deven Trusclair, and Angelica “Jelly” Joseph. With such an extensive lineup of industry heavy weights and their diverse musical backgrounds, Russ Liquid led the Merry Pranksters in their ever so groovy Kool-Aid acid test.Although in reference to Tom Wolfe’s The Electric Kool-Aid Acid Test, the appreciation for New Orleans culture and its deep, soulful roots did not go unnoticed. Nick Marcadel, Jason Hodge, Keniem “Ken” Turner, and Angelica “Jelly” Joseph of the Nola based band, The Speakerbox Experiment, showcased their talent in integrating ephemeral vocals and heavy funk. Dumpstaphunk and Pretty Lights Live staple Alvin Ford Jr., along with Borham Lee complimented consistent groove and delightfully teased the audience in the shadow of the upcoming weekend.The evenings set began with Marcadel on the drums, Hodges and Lee on keys, Block and Turner on strings, and Russ with his powerful brass and turn-table mastery. The intimate venue was flooded with funk and driven by Russ Liquid’s trademark trumpet notes. While a traditional Russ Liquid set would be driven by electronic synthesis, The Russ Liquid Test has integrated musical components from every genre to create the Electric Kool-Aid Acid Test. Electronic notes surfaced, however waltzed gracefully with each jazzy groove, illuminating the Howlin’ Wolf in psychedelic entrancement. Each member of the crowd flowed with ease as blaring trumpet notes fluttered throughout the room. As if the crowd was not hyped up enough, Russ took to the mic and urged, “who’s ready for some drum and bass?!” With raised arms and begging voices, Alvin Ford Jr. then took to the stage. With a confident swig of champagne, the mogul took to the drums as if the room would shatter with sound.Russ then introduced vocalists including Joseph and Nichols, bringing some serious traditional groove to the stage. As Joseph swayed and belted deep soul-rich chords, Nichols took center stage commencing “Let Me Stand,” a track from the recent Russ Liquid Test album. This is a track laced with the Russ Liquid traditional, trippy synth yet caressed with velvet vocals. Rappers including Manic Focus’s JuBee then took to the stage laying down hot and heavy hip hop and spitting bars of pure mastery. Tracks such as “King Kunta (Kendrick Lamar)” were thrown into the mix as well as “FNK FWD (Feat. Steve Swatkins)”. The evenings end drew close as The Acid Test dove into “1984 (Feat. Ivan Neville)” synchronizing the crowd in dance and vocals. With heavy and finessed vocals from the stage, and a final epic freestyle, each member of the crowd left the Howlin’ Wolf absolutely memorized.With the finale leaving both crowd goers and artists alike entranced, The Kool-Aid Acid Test was a blaring success. Although a sense of euphoric sobriety was carefully threaded through the atmosphere, it was as if the crowd did in fact drink the Kool-Aid.Don’t miss this band when they make their debut performance in New York on Saturday, February 18th. More information can be found here.last_img read more

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Center for Social Concerns immersions cancelled as a result of pandemic

first_imgThe Center for Social Concerns routinely offers opportunities to engage in current issues that deal with injustice, poverty and oppression. As a result of the coronavirus pandemic, some seminars have undergone changes this semester.Notre Dame, Saint Mary’s and Holy Cross students are able to participate in social concerns seminars, which allow students to take a pragmatic approach towards learning about social issues that impact their communities and beyond.Under the direction of Adam Gustine, interim program director of the social concerns seminars, students in these programs analyze different texts, study the role of Catholic social tradition and participate in hands-on immersion experiences in order to develop both empathy and understanding towards social concerns topics.Associate professor Kraig Beyerlein, was unable to teach his normally popular course, the Border Issues Seminar, this year.“It’s heartbreaking,” he said. “This course is always the highlight of my academic year and the immersion trip has transformed in many, many ways, and it’s heartbreaking that we couldn’t do it.”In typical years, the fall semester would be spent in the classroom completing academic readings and an immersion trip to the Mexico-U.S. border would take place the first week before spring semester begins. This year, the seminar will not take place at all.When asked if there was ever the consideration that the seminar would be moved virtually, Beyerlein said, “Immersion is in the title of the course description.”He later added, “It was an issue of integrity. I couldn’t teach a course that didn’t do justice to the description.”Gustine echoed Beyerlein’s views about cancelling some of the seminars due to COVID-19 restraints.“The DNA of a seminar is rooted in an immersive learning experience, encountering people, encountering situations,” he said.However, he also had a positive outlook upon the changes made within the seminars.“There are new opportunities that we have because we are not traveling this semester. And that is to ask questions related to larger cultural issues, larger societal elements that we’re in, and to ask good questions about what it means to be a people committed to faith and justice and action on campus and within the Notre Dame community,” Gustine said.He is also excited about offering two additional sections on racial justice called “Act Justly,” which evaluates prejudices through the lens of the campus community.Gustine revealed the seminar that changed the most this year was the Spirit of Appalachia. Typically, this course involves a trip to Appalachia as the culminating experience. Instead, they have adapted it into a seminar called “People, Land and Community” which Gustine described as “thinking about questions of creation, care, community and human dignity through the lens of Appalachian pastoral letters and some other theological reflections as well.”While seminar professors and directors are taking important steps to provide students with opportunities to get involved despite travel restrictions this year, it doesn’t go without remorse.“It’s truly disappointing on so many levels. I know students are disappointed, I’m disappointed,” Beyerlein said. “At the end of the day, it is about keeping people safe, and I don’t see a universe in which we could have done it, as unfortunate as that is.”Tags: Act Justly, Center for Social Concerns, Community, Racismlast_img read more

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TVA’s Johnson: Utility’s coal plant closures make economic sense

first_imgTVA’s Johnson: Utility’s coal plant closures make economic sense FacebookTwitterLinkedInEmailPrint分享Reuters:The chief executive of Tennessee Valley Authority said on Thursday the U.S.-owned power generator will keep cutting carbon emissions in future years after replacing much of its coal-fired fleet with plants run on natural gas, nuclear and renewables.Since Bill Johnson took the reigns as CEO in 2013, TVA has spent $15 billion to modernize its generating fleet, reduced carbon emissions by retiring coal units, and cut debt by $3.5 billion, all while keeping consumer electric prices basically flat for six years.“Carbon emissions are now down to 50 percent below 2005 levels. I predict CO2 will fall to 60 percent below 2005 levels by 2020/2021 and 70 percent by the end of the next decade,” Johnson told Reuters in an interview.The company continued to shut coal-fired units over the past two years despite efforts by U.S. President Donald Trump to prop up the coal industry by sweeping away former President Barack Obama’s climate change regulations, like the Clean Power Plan.Johnson said TVA shut old coal plants for economic reasons. “We have reduced carbon emissions simply by doing what is the most efficient and effective way to serve our customers,” Johnson said, noting the low cost of gas in recent years has made it more economic for TVA to build a new gas-fired power plant than refurbish a 60-year old coal unit.Over Johnson’s tenure, TVA’s generating mix transitioned from 41 percent coal and 12 percent gas in 2012, the year before he became CEO, to 19 percent coal and 20 percent gas in 2018, according to TVA’s federal filings. And TVA may not be done retiring coal plants.More: TVA to keep cutting carbon with natural gas, nuclear power plants: CEOlast_img read more

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