The HESC’s pilot phase involves demonstration of a fully integrated supply chain between Australia and Japan for one year from 2020 Image: The liquid hydrogen receiving terminal at Kobe, Japan. Photo: courtesy of ©HySTRA. ABB has been selected to deliver automation, electrification and instrumentation solutions for the Hydrogen Energy Supply Chain (HESC) pilot project in Australia.Under the HESC clean energy project, brown coal from the AGL Energy’s Loy Yang mine is planned to be converted into hydrogen.Hydrogen converted at an adjacent site to the AGL’s mine will be transported by road to a liquefication terminal at the Port of Hastings. The gas will then be shipped to Japan for use in the transport industry.Being developed in two phases, the HESC project will establish an integrated commercial-scale hydrogen supply chain to deliver liquefied hydrogen to Japan.HESC pilot phase will operate for approximately one year from 2020The pilot phase involves demonstration of a fully integrated supply chain between Australia and Japan for one year from 2020.Under the second phase, the decision to proceed with the commercial phase will be made in the 2020s with operations scheduled to commence in the 2030s.The project is being developed by consortium comprising Kawasaki subsidiary Hydrogen Engineering Australia (HEA), Electric Power Development (J-Power), J-Power Latrobe Valley (JPLV), Iwatani, Marubeni and AGL Loy Yang.ABB has secured electrification and instrumentation contract in Australia as well as an automation contract in Japan from Kawasaki Heavy Industries.ABB’s Industrial Automation business president Peter Terwiesch said: “ABB is excited to collaborate on this world-first pilot to commercialize technology for liquefying and transporting hydrogen from Australia and deliver clean energy to Japan, while also reducing emissions.”In Australia, ABB will be responsible for the supply and integration of electrical equipment including LV switchgear and distribution panels, power quality components, UPS, end-to-end engineering, project management and commissioning services, as well as instrumentation, motor and gearboxes for the new Hydrogen Liquefaction and Loading Terminal at the Port of Hastings in Victoria.In Japan, ABB will provide an automation and safety system to support the local operations at the liquid hydrogen receiving terminal at Kobe.ABB said in a statement: “The Australian Government has described the pilot project as a ‘crucial step’ towards Australia becoming an international leader in hydrogen production, with the Australian and Victorian Governments pledging AU$50 million (US$34 million) each to the AU$500 million (US$343 million) HESC pilot project.”Construction on the pilot project started in in July 2019.
The well encountered several series of oil shows between 1,865 and 2,701 metres (total depth of the well) in the Kissenda formation Maurel & Prom announces the completion of drilling operations on the Kama-1 exploration well on the Kari licence in south Gabon. (Credit: C Morrison/Pixabay) Maurel & Prom (Euronext Paris: MAU, ISIN FR0000051070, “M&P”) announces the completion of drilling operations on the Kama-1 exploration well on the Kari licence in south Gabon.The well encountered several series of oil shows between 1,865 and 2,701 metres (total depth of the well) in the Kissenda formation, main objective of the drilling, and a sample of 35° API oil has been collected.However the mediocre quality of the reservoirs did not justify a commercial test.The drilling nevertheless confirms the presence of an active petroleum system in the region. It also provided additional data which will be helpful for the continuation of exploration activities in the area, and in particular for the definition of the second well. Source: Company Press Release
Eni RAK will be the operator of the block, which covers an area of 430km2 Eni already has a presence in the Emirate of Ras Al Khaimah, as the operator of offshore Block A. (Credit: John R Perry from Pixabay) Italian oil and gas company Eni, through its subsidiary Eni RAK, has secured Block 7 located in the onshore of Ras Al Khaimah, United Arab Emirates (UAE).With a stake of 90%, Eni RAK will be the operator of the block, which covers an area of 430km2. The remaining stake of 10% will be owned by Ras Al Khaimah’s National Oil Company RAK Gas.Eni already has a presence in the Emirate of Ras Al Khaimah, as the operator of offshore Block A. Preparations for drilling operations have started at the block, following an initial geological and geophysical study period.Eni stated: “The acquisition of Block 7 represents another step in Eni’s positioning in the Middle East and in the UAE in particular, where Eni holds the largest exploration acreage among the IOCs present in the country with more than 26,000 km2 gross, comprising eight exploration blocks onshore and in shallow waters offshore across the Emirates of Abu Dhabi, Ras Al Khaimah and Sharjah.”According to the company, Block 7 represents an underexplored acreage in a complex thrust belt geological setting, which is similar to that of the recent discovery of Mahani in the adjacent Sharjah Emirate.The joint venture, through the newly acquired 3D seismic, is expected to be able to assess the geological setting of the area.In addition, the existing gas processing facilities in the Emirate are anticipated to support the rapid development of the any discoveries.In January, Eni and Sharjah National Oil Corporation (SNOC) have commenced production from the Mahani field located in onshore Concession Area B of the Sharjah Emirate in UAE.The Mahani gas and condensate field was discovered by SNOC and its partner Eni in January 2020 through the drilling of the Mahani-1 exploration well.
Repossessions in the UK dropped to the lowest level since records began in 2008 during the second quarter of 2015, the latest data shows.The figures from the Council of Mortgage Lenders (CML) reveals that the repossession rate in the last quarter was just 0.02 per cent, which is equivalent to just one in 5,000 mortgages and the data from the CML revealed that arrears also continued to drop.Record low interest rates were a major factor in helping homeowners stay on top of their mortgage payments in the second quarter of the year, along with falling unemployment and a strengthening domestic economy.In total, there were 2,500 properties taken into possession in the second quarter, down from 3,000 the previous quarter and 5,400 in the second quarter of 2014. Of these, 1,800 were in the owner-occupier market and 700 in the buy-to-let market.In terms of arrears, the total number of mortgages with arrears equivalent to 2.5 per cent or more of the mortgage balance was 106,400, or 0.96 per cent of all mortgages, which again, was the lowest rate since quarterly records began seven years ago.Of all loans with arrears of over 2.5 per cent of balance, some 100,700 were owner-occupier and 5,700 buy-to-let.Meanwhile, new findings from the National Landlords Association (NLA) has revealed that 47 per cent of landlords in the UK will be affected by the removal of the annual ‘wear and tear’ tax allowance announced by the Chancellor George Osborne in his recent Budget statement.From April 2016, the annual wear and tear allowance, which is currently available for furnished homes, will be replaced with a tax relief system that enables landlords to tax deduct the costs they incur on replacing furnishings in the property.Chris Norris (left), NLA Head of Policy, said, “We fully understand the frustration of those landlords who let exclusively on a furnished basis as the removal of this allowance will very likely represent a reduction in the relief they can claim.“However, it will come as a welcome revision for those letting a mixed portfolio, unfurnished, or part furnished property as the replacement system will allow them to deduct legitimate revenue expenses in the future.”low interest rates mortgages repossessions fall repossessions August 19, 2015The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles 40% of tenants planning a move now that Covid has eased says Nationwide3rd May 2021 Letting agent fined £11,500 over unlicensed rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 Home » News » Housing Market » Repossessions fall to historic low previous nextHousing MarketRepossessions fall to historic lowRecord low interest rates have helped homeowners keep on top of their mortgage payments.PROPERTYdrum19th August 20150539 Views
Home » News » Agencies & People » OnTheMarket threatens legal action against original ‘action group’ member over £24k ‘debt’ previous nextAgencies & PeopleOnTheMarket threatens legal action against original ‘action group’ member over £24k ‘debt’Exclusive: Estate agency in London says it has received a letter from OTM’s solicitor demanding payment for outstanding fees three-and-a-half years after it cancelled its original contract.Nigel Lewis30th October 201902,171 Views A worried London estate agency has contacted The Negotiator to reveal that OnTheMarket is chasing it for £24,000 in unpaid portal fees which, OTM claims, it owes after the agency cancelled its five-year OTM contract back in 2016.Cubix Estate Agents in SE London was part of the original 100-agent strong OnTheMarket Action Group that fought the portal over pricing promises made about fees to early adopters.Cubix claims these promises were broken and that it does not owe OnTheMarket for the fees due for the remainder of the original contract. In the past OnTheMarket has denied it made any ‘misrepresentations in regard to pricing policy during this period’.Cubix is now calling for any other agents within the industry who are facing similar financial demands from OnTheMarket to get in touch to explore whether another action group can be formed.Five-year dealOn joining the portal in 2015 and signing a five-year deal, Cubix claims it was promised that its OnTheMarket subscription fees would always be equal to or lower than members who joined at a later date.“We were a start-up company then so you don’t how well it might go so we didn’t want to join the other big portals,” says Raste Khan, Sales and Letting Director at Cubix (left).“After trialling its service, we signed up with OnTheMarket on a five-year contract but after a year-and-bit it was obvious that the portal was offering other agents better – or free – deals.“So we got on board with the action group and told OnTheMarket that we were leaving and at the time they stopped chasing everyone.“But now we’ve been contacted by a solicitor about what they claim is an outstanding debt, but have offered to wipe it if we re-join.”If they don’t rejoin, Khan claims the legal letter threatens his company with legal action over the £24,000 debt after, OnTheMarket says, Cubix broke its original contract.“Their whole ethos used to about being different from Rightmove and Zoopla and not increasing prices and allowing agents to have their say, but we’ve lost respect for them in what they were originally trying to do; they’re just another company now.”OTM responseA spokesperson for OnTheMarket said: “We do not discuss confidential contractual issues with individual agents.” But the portal has requested that readers note a recent comment made within its annual report (see below).The Group has a number of customers who are not paying their contractually committed listing fees. The majority of these chose to breach the One Other Portal rule in their listing agreements and their properties were removed from the portal some time ago. Under IFRS 15 these amounts are not recognised as revenues. It is the intention of the Company to engage with these customers in due course, to seek either payment of both fees outstanding and further fees as they fall due or to reach a compromise position such that historic debts are held in abeyance and potentially waived in the future in return for entering, and honouring, a new long-term listing agreement with the Company.Agents who want to contact Cubix should email Raste Khan or call him on 0203 582 8710. OnTheMarket OnTheMarket Action Group October 30, 2019Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021
Northwood franchisees have completed four more acquisitions, taking the total this year to eight, with more in the pipeline. Northwood, part of the Belvoir Group, has a dedicated Acquisition Team helping to deliver the network’s highly successful Assisted Acquisition Programme.“I am delighted to confirm that Northwood has acquired eight businesses this year with two more in progress,” says Northwood MD Phil Gee.“The latest acquisitions include the completion of King Woolley by Sam Linn of Northwood Banbury & Chipping Norton. They will continue to operate under the King Woolley brand.“We have also had the acquisition of Milton Ward by Davinia Taylor of Northwood Milton Keynes. Davinia is a very driven professional and an excellent business operator, who was previously a small shareholder in the business.Earlier this year she acquired 100% shares and has been extremely keen to do an acquisition.“Earlier in the summer Phil Sergeant and his daughter Kate Gwinnutt of Northwood Cardiff completed on the acquisition of Morgans Cardiff.King Woolley Milton Ward Morgans Cardiff Belvoir Group Northwood January 31, 2020Jenny van BredaWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Agencies & People » Northwood completes on latest acquisition previous nextAgencies & PeopleNorthwood completes on latest acquisitionThe Negotiator31st January 20200298 Views
Home » News » Agencies & People » Online agency mergers gather pace as Howsy buys another rival previous nextAgencies & PeopleOnline agency mergers gather pace as Howsy buys another rivalLeading online agency snaps up The Happy Tenant Company, its third online lettings and property management platform acquisition in 18 months.Nigel Lewis11th February 202101,772 Views Leading hybrid letting agency Howsy has bought rival The Happy Tenant Company for an undisclosed sum.The Happy Tenant was incorporated in 2011 by London agent and landlord Adam Joseph along with several other landlords including Jonathan Monjack, who was its CEO, promoting itself as an ethical online property management company.At the time it ruffled agent feathers by claiming to be an antidote to the ‘extortionate maintenance fees and excessive mark-ups by letting agencies’.The Happy Tenant Company’s says its aims remain to offer transparency and integrity, first by having fixed fees for landlords and also passing benefits back to its members.In September last year Howsy acquired a 75% controlling stake in the company and it has taken until now to officially complete the acquisition.8,000 propertiesHowsy, which until three years ago was known as NoAgent, has been growing through acquisition and now has 8,000 properties registered on its platform.Other acquisitions have included the purchase of Upad out of administration in January 2020, and Urban in late 2019, which until then had been part of the former eMoov/Tepilo online empire prior to its demise in January 2019.“The founders of The Happy Tenant Company have built a great business,” says Calum Brannan, founder and CEO of Howsy (pictured).“Their brand values and ethos align with those of Howsy and we’re confident we can offer a greater selection of services for Happy Tenant customers to further enhance their experience.”In August last year Howsy raised £2.29 million via a Seedrs fund raising effort.Read more about Howsy.calum brannan Howsy callum brannan upad urban.co.uk February 11, 2021Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021
View post tag: Al Dhafra Abu Dhabi Ship Building, the leading shipbuilder and naval support services provider in the Gulf region and a strategic affiliate of Mubadala, has announced the launch of “Al Dhafra”, the third vessel of the Baynunah Corvette Class Program for the UAE Navy. Abu Dhabi Ship Building further revealed that it has now completed over 70 per cent of the ship, which is a significant milestone by naval shipbuilding standards for vessels at the launch stage. The Baynunah Corvette Class Program consists of six state-of-the-art warships for the UAE Navy which are fitted with latest technology combat systems and capable of defence against both air and surface threats. Each of the 71-metre highly-advanced corvettes can be deployed for various missions, including coastal patrol and surveillance, mine detection and avoidance, helicopter operations, and peacetime patrols.Homaid Al Shemmari, Chairman of Abu Dhabi Ship Building, said: “The Baynunah Corvette Class Program represents the great advances that we have achieved in terms of shipbuilding capabilities and maritime technology. Abu Dhabi Ship Building believes that it is crucially important to maintain such world-class shipbuilding expertise within the region to take full advantage of the highly strategic location of the GCC. We are therefore confident that this project will help open more opportunities for Abu Dhabi Ship Building and the UAE Navy to collaborate on other important projects in the future.”Mohamed Salem Al Junaibi, CEO of Abu Dhabi Ship Building, commented: “Today’s launch is a testament to our partnership strategy – where Abu Dhabi Ship Building has worked closely in conjunction with the UAE Navy, CMN and major equipment suppliers from all around the world. We are pleased to be working in such a strong partnership that works together to ensure a successful program.”The Baynunah Corvette Warships are being built to stringent specifications and the highest quality standards in the naval shipbuilding industry. Each vessel will be equipped with a range of highly advanced features including a stealth-looking superstructure, helicopter landing deck and hangar, eight Exocet Anti-ship Missiles, four Vertical Launchers for short-range air-defence missiles, Hull-mounted Mine and Obstacle Avoidance Sonar, 3D Surveillance, Navigation and Fire Control Radars; and a Multi-vendor electronic warfare suite.All corvette vessels are expected to be delivered to the UAE Navy by 2014.The Baynunah Program is being undertaken at the world class Abu Dhabi Ship Building facility in Mussafah, Abu Dhabi. The first of the Baynunah vessels was built at CMN’s Cherbourg yard under a subcontract agreement with Abu Dhabi Ship Building. The second Baynunah vessel, named ’Al Hesen’, was launched recently and is now undergoing test and trials through 2011.(abudhabicityguide)[mappress]Source: abudhabicityguide, April 5, 2011; View post tag: Corvette View post tag: Naval Back to overview,Home naval-today Abu Dhabi Ship Building Launches “Al Dhafra”, Third Vessel of Baynunah Corvette Class Program for UAE Navy View post tag: Baynunah April 5, 2011 Share this article View post tag: third View post tag: Navy Industry news View post tag: Abu Dhabi View post tag: UAE View post tag: program Abu Dhabi Ship Building Launches “Al Dhafra”, Third Vessel of Baynunah Corvette Class Program for UAE Navy View post tag: class View post tag: launches View post tag: building View post tag: News by topic View post tag: vessel View post tag: ship
View post tag: Naval View post tag: Israeli View post tag: Gaza The Israeli navy was preparing Wednesday to intercept two boats heading for Gaza that intend to try to break the Israeli blockade of the str…By Bfira Koopmans and Levon Sevunts (kansascity)[mappress]Source: kansascity, November 03, 2011; View post tag: Boats View post tag: For View post tag: prepares November 3, 2011 View post tag: to Back to overview,Home naval-today Israeli Navy Prepares to Intercept Boats Heading for Gaza View post tag: Intercept View post tag: Navy View post tag: News by topic Israeli Navy Prepares to Intercept Boats Heading for Gaza View post tag: Heading Share this article
View post tag: USS View post tag: Assault Authorities View post tag: Ceremony View post tag: Command View post tag: Makin View post tag: Island View post tag: ship View post tag: Navy View post tag: change View post tag: Amphibious View post tag: News by topic Back to overview,Home naval-today Amphibious Assault Ship USS Makin Island Holds Change of Command Ceremony View post tag: holds Amphibious assault ship USS Makin Island (LHD 8) held a change of command ceremony at sea in the Arabian Gulf, Feb. 29.Capt. Cedric E. Pringle relieved Capt. Jim Landers as commanding officer. Pringle becomes the ship’s third commanding officer since commissioning in 2009.For the past 18 months, Pringle had served as the ship’s executive officer and played a major role in ensuring the ship was ready for deployment before ‘fleeting up’ to fill the role of commanding officer.“This is truly a dream come true,” said Pringle after assuming command. “This dream started about 25 years ago on the deck of a U.S. aircraft carrier as a young bootcamp ensign trying to get my SWO [surface warfare officer] quals.”Pringle spoke about the variety of jobs he has held as a naval officer, including almost 20 years of working with Marines; which has helped him prepare to command an amphibious assault ship. “When I left as the commanding officer of USS Whidbey Island, I only prayed for one job and that job was commanding officer of USS Makin Island,” said Pringle.During his speech, Pringle stressed that while command of Makin Island did change the continuity of leadership, the ability to conduct successful operations in the dynamic 5th Fleet area of responsibility (AOR) did not. “Our operational leadership has trusted us that we are in a position where we can transition leadership and still continue our current mission,” said Pringle.Col. Michael Hudson, commanding officer of the embarked 11th Marine Expeditionary Unit, presented Landers with his end of tour award during the ceremony.“I am humbled to be a MAGTF [Marine Air-Ground Task Force] commander, but I am even more humbled to have served on this ship under your leadership,” Hudson told Landers during the ceremony.Hudson spoke about how Landers’ strong leadership helped to bring the Makin Island blue and green team together during pre-deployment workups and how that strong leadership continued on the current deployment. “It was an honor to serve with you on USS Makin Island on her first deployment,” Hudson added.Landers’s next assignment will be as operations officer (N3) on the staff of Commander, U.S. Pacific Fleet in Pearl Harbor, Hawaii.His numerous accomplishments aboard Makin Island include taking the ship through sea trials, passing special sea trials by the Navy’s Board of Inspection and Survey, completing the first Composite Training Unit Exercise and leading the ship on its maiden deployment to U.S. 7th and 5th Fleet AORs.Landers had also previously served 11 months as the ship’s executive officer before assuming command Aug. 27, 2010.“Now looking back over the time from then to now, I can state with absolute certainty that the officers, chiefs and Sailors of ‘Team Raider’ delivered; exceeding my expectations of excellence,” said Landers. “You rose to every challenge, and today you stand victorious on the ash head of devoured insurmountable challenges.”Landers thanked his family, department heads, wardroom, chief petty officers mess and the Sailors and Marines aboard Makin Island who helped make his command tour a success.“Shipmates, thank you for doing what you do every day for this ship, our Navy and our nation,” said Landers. “May god continue to bless this ship and all who sail in her.”Makin Island is the first U.S. Navy ship to deploy using a hybrid-electric propulsion system. By using this unique propulsion system, the Navy expects over the course of the ship’s lifecycle, to see fuel savings of more than $250 million, proving the Navy’s commitment to energy awareness and conservation.This initiative is one of many throughout the Navy and Marine Corps that will enable the Department of the Navy to achieve the secretary of the Navy’s energy goals to improve our energy security and efficiency afloat and ashore, increase our energy independence and help lead the nation toward a clean energy economy.Makin Island is the flagship of the Makin Island Amphibious Ready Group, supporting maritime security operations and theater security cooperation efforts in the U.S. 5th Fleet AOR.[mappress]Naval Today Staff , March 02, 2012; Image: navy March 2, 2012 View post tag: Naval Amphibious Assault Ship USS Makin Island Holds Change of Command Ceremony Share this article