Blogs

Santos closes acquisition of ConocoPhillips’ northern Australia assets

first_imgDue to the recent volatility in the markets and also the deferral of the FID on the Barossa development project, Santos and ConocoPhillips have agreed to revise the prices of the consideration Santos acquires the northern Australia assets of ConocoPhillips. (Credit: Santos Ltd) Santos has closed the previously announced acquisition of ConocoPhillips’ northern Australia and Timor-Leste assets for a revised price of $1.26bn.The Australian oil and gas producer has agreed to pay an increased contingent payment of $200m to ConocoPhillips, which will be subject to a final investment decision (FID) on the Barossa gas project.As per the original deal signed in October 2019, the consideration to be paid by the Australian firm was $1.39bn along with a contingent price of $75m for Barossa.However, because of the recent volatility in the markets and also the deferral of the FID on the Barossa development project, the parties have agreed to revise the prices of the consideration.Under the deal, Santos gains operatorship and control of what is said to be a portfolio of low-cost, long-life natural gas assets and strategic LNG infrastructure.The company’s stake in Bayu-Undan gas and condensate field in Timor-Leste offshore waters and Darwin LNG facility in the Northern Territory of Australia increases to 68.4% at completion. Santos expects the assets to give a significant boost to its 2020 production and cash flows.On the other hand, Santos’ stake in the Barossa project to backfill Darwin LNG has gone up to 62.5%.The acquisition is said to be in line with the company’s strategy to consolidate on existing infrastructure positions around its core assets.Santos CEO comments on the closing of the acquisitionSantos managing director and CEO Kevin Gallagher said: “As a foundation partner in Bayu-Undan and Darwin LNG, and an existing partner in Barossa, we know these assets well. We are delighted to assume operatorship and continue to progress the Barossa project so that a final investment decision can be made when market conditions permit.“We welcome the ConocoPhillips’ Australia-West employees to Santos and look forward to getting on with the process of integrating our two businesses to create one high performing team.”In March 2020, the Australian energy company agreed to divest a 25% stake in the Darwin LNG plant and the Bayu-Undan field to South Korea-based SK E&S for $390m. The company followed that by signing a letter of intent in April to offload a 12.5% stake in the Barossa gas project to Japan-based JERA for an undisclosed price.Following the completion of the two deals, Santos will bring down its stake in Darwin LNG and Bayu-Undan to 43.4% and in the Barossa project to 50%.last_img read more

Infamous Stringdusters Mashup Entire “Laws Of Gravity” Album In Four Minutes [Watch]

first_imgThe Infamous Stringdusters continue to impress as one of the finest bluegrass-based ensembles touring today. Soulful songwriting and tight musicianship defines the Stringdusters’ sound, weaving rich harmonies and yearning progressions through every song.The band recently turned heads with the release of their newest album, Laws Of Gravity. To celebrate this new release, the group made a very interesting video performing a medley of original music from the new album. Banjoist Chris Pandolfi tells the story of how it came to be.“We weren’t sure exactly what to think when our manager Alex first hit us with the idea for this medley. It seemed really cool, but potentially impossible to pull off in a fluid, musical way. Then we thought about the nature of an album–a collection of songs that blend a set of native sounds and themes–and it actually made a lot of sense. Electronic acts do this kind of thing, but they have it easy when it comes to the performance/execution part. We had to figure out how to get all the instruments and voices to weave through this maze of different songs and sound cohesive doing it. It’s old school tones meets new school aesthetics, which I guess could be a mantra for almost all the music the Stringdusters make.Andy Hall and I dug into pieces of it on our own and realized that indeed it could be done. From there we put it through our normal band pre-production routine, spending a few sessions working on all the transitions, adjusting a few keys, honing in musical cues and then putting it all together, first in chunks and then as a whole. Much like a good song, it was feeling natural right off the bat, and by the time we went to record, we tuned into the arrangement enough to get it on the first take, which is usually a good sign. It really was a microcosm of the album–same live feel, same musical energy, and hopefully a collection of pieces that work together in some unique way to form a bigger piece of art.”You can watch the new video, streaming below.“We’re always looking to try new things musically,” says Andy Hall. “This EDM style mashup of every tune on Laws Of Gravity is probably the most unique thing we’ve ever done. Not much room for error on this one, but I think we pulled it off!”Keep up with all of the Infamous Stringdusters’ doings on their official website![H/T Rolling Stone Country]last_img read more

Protests over George Floyd’s death expose raw race relations worldwide

first_img“If you want to believe that we in the Netherlands do not have a problem with race, you should go ahead and go home,” Jennifer Tosch, founder of Black Heritage Amsterdam Tours, told a crowd in Amsterdam, from where the Dutch West India Company operated ships estimated to have traded 500,000 slaves in the 1600s and 1700s.Tosch and others drew a comparison between Floyd’s death and the treatment of slaves centuries ago. “We have seen this image before as white persecutors and enslavers held down the enslaved and branded them with an iron.”In London, a protester held a placard reading “The UK isn’t innocent,” while in Berlin around 2,000 people protested outside the US embassy and two Bundesliga soccer players wore “Justice for George Floyd” shirts on Monday.A similar message came from Dominique Sopo, president of French NGO SOS Racisme, which organized a small protest outside the US embassy in Paris on Monday. Topics : “This issue of police racism is also, albeit with a lower level of violence, an issue that concerns France,” he said.Police in northern Paris fired tear gas on Tuesday to disperse demonstrators protesting over the 2016 death of a young black Frenchman in police custody – an incident that has drawn parallels with Floyd’s killing.Adama Traore’s family have blamed excessive force used during his arrest, when the 24-year-old was pinned down by three gendarmes. Successive pathology reports have reached conflicting conclusions over whether his death two hours later resulted from asphyxiation or other factors including pre-existing conditions.Amid a coronavirus lockdown, French activists also say there have been a number of police brutality cases in low-income neighborhoods where many originate from Africa.Clashes in turkeyIn Istanbul, more than 50 people clashed with police officers minutes after beginning a protest over Floyd and what they called police brutality in Turkey.At least five people were detained after scuffles with officers holding shields, after which other protesters gave speeches denouncing lethal police force and bans on demonstrations in Turkey during the pandemic.In Nairobi, protesters at the American embassy held signs reading “Black Lives Matter” and “Stop Extrajudicial Killings”.Organizer Nafula Wafula said violence against blacks is international and cited the killing of prisoners in Kenya.“The system that allows police brutality to happen in Kenya is based on class. In America, it’s race and class.”Protests are planned in coming days in Gambia, Britain, Spain and Portugal.In Spain, protesters will mark the death of Floyd and “all sisters and brothers who have died at the hands of institutional racism on our streets,” the African and Afro-descendant Community CNAAE said.Portugal’s gathering will address “the myth that Portugal is not a racist country”.But not all in Europe side with the protesters.Spain’s far-right Vox party and the Netherlands’ anti-Islam Freedom Party called those protesting Floyd’s death “terrorists” and backed US President Donald Trump.”Our support for Trump and the Americans who are seeing their Nation attacked by street terrorists backed by progressive millionaires,” Vox wrote in a Tweet.In the Netherlands, the Freedom Party’s Geert Wilders tweeted: “White House under attack. This is no protest but anarchy by #AntifaTerrorists.”Even amid such racial division, Linda Nooitmeer, who heads the National Institute for the Study of Dutch Slavery and its Legacy, drew hope from Monday’s protest in Amsterdam.”We don’t have the history of the civil rights movement in Holland, so what occurred yesterday was really something new. It is the start of real dialogue.” center_img Images of a white police officer kneeling on the neck of African-American George Floyd, who then died, have sparked protests from Amsterdam to Nairobi, but they also expose deeper grievances among demonstrators over strained race relations in their own countries.With violent clashes between protesters and authorities raging in the United States, anti-police-brutality activists gathered by the thousands in support of the Black Lives Matter movement in various European and African cities.Peaceful protesters highlighted allegations of abuse of black prisoners by their jailers, social and economic inequality, and institutional racism lingering from the colonial pasts of the Netherlands, Britain and France.last_img read more

Report: Austin Harrouff Believed He Was “Half-Dog” Before Face-biting Attacks

first_imgNew mental health report indicates that Austin Harrouff thought he was ‘half-dog’ days before the […]last_img

Forward Taurean Thompson has reportedly withdrawn from Syracuse

first_imgUPDATED: Aug. 28, 2017 at 2:38 p.m.Forward Taurean Thompson has reportedly withdrawn from Syracuse and “likely won’t be back,” according to Donna Ditota of Syracuse.com.“We have been informed that Taurean is taking a leave of absence from Syracuse University,” SU head coach Jim Boeheim said in a statement to Syracuse.com. “My understanding is he wants to go to school closer to home due to some family health issues.”Summer-long rumors speculated something like this would happen, Ditota reported. She wrote that Thompson did not attend summer classes, “unusual though not unprecedented.” That Thompson was rumored to maybe transfer from SU or pursue a professional career. That Thompson has not responded to messages and invitations from teammates over the summer.Thompson’s two high school coaches, Bob Hurley at St. Anthony (New Jersey) High School and Jason Smith at Brewster (New Hampshire) Academy, both told The Daily Orange that they had not heard from him in months.AdvertisementThis is placeholder textThompson attended a closing ceremony for St. Anthony in May, Hurley said, and at that time everything seemed “normal. School and everything seemed good.” Jessica Sheldon | Staff PhotographerLast season, Thompson averaged 9.2 points and 3.8 rebounds per game. He shot 54.6 percent from the field while playing 17.9 minutes per game. He scored well, but struggled with foul trouble and learning the Orange’s 2-3 zone defense. Thompson rotated in at center.Now, at that position, Syracuse has only Paschal Chukwu, the 7-foot-2 Providence, Rhode Island transfer who missed most of last season after eye surgery, and Bourama Sidibe, an incoming freshman. Comments Facebook Twitter Google+ Published on August 28, 2017 at 1:40 pm Contact Sam: [email protected] | @Sam4TRlast_img read more

Health Department, Supervisors discuss temporary location options

first_imgMASON CITY — The Cerro Gordo County Department of Public Health is looking over options after being forced from their home at Mohawk Square earlier this month due to a roof collapse caused by severe storms that rolled through the area.The department’s Immunization Clinic, STD/HIV Clinic, and public health nursing and home care aides staff are temporarily housed at the Community Health Center at 404 North Federal. The rest of the department is working out of a conference room at the Law Enforcement Center on the west side of Mason City.Health Department director Brian Hanft says they greatly appreciate being able to use the two locations, but they need to explore other options. “They’ve been very generous to let us use their space, but we’re in their space, and recognizing that they offered that in the short-term, you know whatever that timeline looks like, I think it’s just responsible of us to at least consider where we end up in the longer-term and try not to take advantage of what they’re giving us.”A definite timeline on when the Health Department might be able to move back into Mohawk Square has not been released, and Hanft says a lot of questions can be raised in finding a short-term solution to house the department under one roof, including in some vacant locations around the  community. “I don’t want to stay in the Law Enforcement Center for six months, and I don’t know about the Community Health Center for six months. Again I think that’s a pretty big ask of those locations. We would need to then find something, even again if we set up in the McGregor building, I’m just using that (as an example) because it’s empty. It’s going to cost a couple thousand dollars a month to probably rent it, and we set up some cubicles, and least we have some space, and then we just pay for that over the next six months.”Hanft says the wise planning by the county to have all county-owned computer systems backed up at the Law Enforcement Center was a tremendous help in getting the department through this ordeal. “When you all of a sudden don’t have access to IT, with all of your computer systems were all backed up out at the Law Enforcement Center, and I just want to stress the importance of having that as far as continuity of operations planning. There’s an expense there, but it is tremendously helpful when you need it and it’s there.”Hanft and members of his staff discussed the situation with the County Board of Supervisors during a workshop session this morning, saying he wanted their input on what steps they’d like to see taken. “I just wanted to have at least some direction as to what you are thinking about, and I think we’re on the same page as far as going out and investing a lot of money in place that we have to update and then continue to pay rent on for the life of our lease agreement there doesn’t seem to make the most sense. So the idea then is finding a place temporarily that would get us by, until we either find a location that makes sense to build in and we go back in Mohawk Square if it’s safe and stay there until we come up with a longer-term solution.”Hanft and the supervisors agreed to gather more information in helping to make a better decision and discuss the situation further during another workshop next week. The item will also be discussed at the County Board of Health’s meeting this Friday afternoon. === One of the other displaced tenants of Mohawk Square has found a temporary home. The Mason City Housing Authority says they have relocated to Suite 506 at the Brick and Tile Building at 103 East State. They can still be reached at their old office phone number, 421-2711.last_img read more