SDX Energy makes commercial gas discovery at Sobhi well in Egypt

first_imgSDX Energy owns 55% working interest in the South Disouq Concession located in Egypt Commercial discovery has been made at Sobhi well in Egypt. (Credit: skeeze from Pixabay) UK-based exploration and production company SDX Energy has reported new gas discovery at SD-12X (Sobhi) well in the South Disouq Concession, Egypt.Located in the South Disouq Exploration Permit onshore Nile Delta, the SD-12X well has encountered 108ft of net high-quality gas bearing sands.The company, which owns a 55% working interest (WI) in the South Disouq Concession, confirmed around 24 billion cubic feet (bcf) of gas with the discovery. IPR owns the remaining 45% interest in the concession.SDX said the resources would require only one development well to be drilled and that such drilling may not be possible for up to three years.SD-12X to be tied-in to South Disouq’s production facilitiesThe SD-12X well is planned to be tied-in to South Disouq’s production facilities in 2021 via a connection to the Ibn Yunus-1X location 5.8km away.SDX Energy CEO Mark Reid said: “This is an excellent result for SDX and fully justifies our confidence to drill this well on a sole risk basis.“South Disouq represents our flagship asset and in the current economic climate this fixed price, low cost gas development is highly cash generative for the group.“The Sobhi discovery has the potential to extend the current South Disouq plateau production of 50 MMscfe/d through to 2023/24 with a low-cost tie in, utilising the existing gas processing plant. We look forwarding to updating the market further following the testing of the well.”In February 2020, SDX Energy said it has commenced drilling operations at the SD-6X (Salah) well at South Disouq concession.SDX stated it would require two new wells to fully develop the 71bcf resource at Salah and one additional well to fully develop the 33bcf resource at Sobhi well.last_img read more

Summer Programme for Royal Saudi Navy

first_imgThe Commandant of the King Fahd Academy in the Kingdom of Saudi Arabia has visited HMS Raleigh where some of his students are undergoing a summer training programme.Rear Admiral Khalid Al Saeed met with the Service and civilian staff responsible for the delivery of the eight-week programme, which began in May.He was also able to watch his students being put through their paces during an assault course run and team building session. The summer programme is being delivered under a contract with International Defence Training (IDT) Royal Navy in collaboration with Babcock Flagship.While the main focus of the programme has been English Language the 72 Officer Cadets have also been given the chance to improve their teamwork and leadership skills by undertaking elements of the Royal Navy’s initial naval training course.They have completed three military exercises in the local area and have also had lessons on seamanship techniques and fitness training.This is the sixth year the summer school has taken place at HMS Raleigh. Commander Scott Sellars, IDT Royal Navy, said:“This programme is an integral part of the training relationship between the Royal Navy and Royal Saudi Navy.“It is seen as a reward for the top performing Saudi cadets at the end of the first year of their three-year officer training programme.”During his time in the UK, Rear Admiral Al Saeed also visited Britannia Royal Naval College (BRNC) in Dartmouth.Saudi Arabia is one of the countries that regularly send Cadets to the world-renowned College to train alongside their Royal Navy counterparts.[mappress]Press Release, June 18, 2013; Image: Royal Navy Back to overview,Home naval-today Summer Programme for Royal Saudi Navy View post tag: Defence View post tag: Royal June 18, 2013 View post tag: Naval View post tag: Navy Training & Education View post tag: News by topic Share this article View post tag: Saudi Summer Programme for Royal Saudi Navy View post tag: Defense View post tag: Summer View post tag: programmelast_img read more

DRINK: Hollywood Cocktails

first_imgHollywood Cocktails 124 Walton St (01865) 511 668 As you come to the end of the Jericho “bar crawl” from the north of Oxford into the centre of town, you are likely to decide to omit one new addition to the scene from your drinking schedule, on the basis of its unpromising exterior. Hollywood Cocktails is situated on the corner of Little Clarendon Street, opposite the more aesthetically pleasing peppermint green façade of Raouls, and seems to promise a pretty seedy experience. Maybe, however, this is simply a result of the permanent dirtiness of its windows: bar owners take note: these things do get noticed. I strongly advise that you give Hollywood Cocktails a closer, more penetrating look and venture inside. This bar is a welcome new addition to the Jericho bar scene, providing an oasis of calm and a sense of groundedness amidst the sometimes overwhelming atmosphere of those more fashionable and well-known jericho bars. It plays vintage ‘30s and ‘40s jazz and boasts a collection of posters of film noir & classic stars alongside the standard huge mirrors & luxury leather seating. Hollywood Cocktails is run by a couple who decided to take the ethos for their new venture from their favourite cocktail recipe book, and it has certainly paid off – there is a unusual and wide selection of dinks, including non-alcoholic versions of old favourites – ones to try include the cinammon daquiri and the raspberry tart. Snacks and table service are also available. Part of the charm of Holywood cocktails is the fact that it is as yet relatively undiscovered, so it will be well worth a visit before it becomes (as it is bound to do) more popular. The only down side is the lack of outdoor seating, but come the winter this will matter less. Above all, Hollywood Cocktails has something different to offer, cocktails with a twist, and should definitely be visited at least once.ARCHIVE: 6th week TT 2004last_img read more

Mixing it up with BakeMark cakes

first_imgThe Craigmillar range from BakeMark UK (Wirral Merseyside) includes the Rich Celebration Cake Mix, which can be used in traditional and sheet cakes.Bakers can add their own creative touches by using extra fruit, nuts, marzipan and icings, such as Topice Overwrappable White Icing, says BakeMark.Bakers and caterers looking for an alternative cake might choose BakeMark UK’s Madeira Cake Mix. This can be used for sheet and traditional cakes or individual and mini cakes.Shelf-life extension has become the major issue for product development in celebration cakes, adds the company. BakeMark UK’s plain and chocolate long-life cake mixes offer a shelf-life twice as long as some standard mixes, even crème cake mixes, says the company.BakeMark UK’s Caravan Brill brand includes mixes for less traditional celebration cakes, such as Pudding Cake Base, Chocolate Pudding Cake Base, and Yoghurt Cake Base.last_img read more

French Reporter in FARC’s Power in Colombia

first_imgBy Dialogo May 04, 2012 The Colombian Army confirmed on May 2 that French journalist Romeo Langlois of the France 24 television network has been captured by the narco-terrorist organization FARC, and decided to suspend Military operations in the area in order to facilitate his handover. “The terrorists sent a message to local broadcasters which has been confirmed. In the message, they admit that they have Romeo Langlois,” General Javier Rey, Colombian Army aviation commander, told AFP. Colombian authorities have been looking for the 35-year-old journalist since his disappearance on April 28 in the region of Caquetá (in southern Colombia), near the Amazon jungle. Following confirmation that the reporter is the guerrillas’ power, the decision was made to suspend Military activities in the area on May 2. “Operations are suspended in order to facilitate Romeo’s release. Flyovers have been suspended. We made the decision once it was confirmed that the guerrilla group had him. We’ve relaxed the pressure on the terrorist group; now they have complete freedom to let him go,” the general stated. The message in which the guerrilla group announced that it has Langlois was signed by “the General Staff of Front 15” of the FARC, a regional unit made up of around 300 guerrillas, who are believed to receive additional support from around 2,000 militia members, according to General Rey.last_img read more

Board deals with lawyer ad appeal

first_img Board deals with lawyer ad appeal A divided Board of Governors has decided a law firm can say in its ads that the firm will pursue justice for potential clients.At its February meeting, the board reviewed an advertising appeal from a firm wanting to tell clients that it is “where justice begins for you and your family” in the firm’s ads.Board member Larry Ringers, vice chair of the Board Review Committee on Professional Ethics, which handles advertising appeals, said Bar staff initially rejected the ad and the law firm appealed to the Standing Committee on Advertising.The standing committee said the claim created an unjustified expectation. The firm appealed that decision to the board.Ringers said the BRC split 3-3 on that question, with both sides citing previous advertising decisions to support their case. Bar Ethics Counsel Elizabeth Tarbert said the language was close to the line between what the Bar had previously found permissible or impermissible.Board member Brian Burgoon contended the ad violated Bar rules.“He’s saying ‘If you come to me, I’m going to get you justice,’ not ‘I’ll fight to get you justice,’” he said.“I really saw him saying he was going to pursue justice and that’s what lawyers do,” said board member Ervin Gonzalez, arguing for the ad.The board approved a motion to overturn the standing committee’s action by a voice vote, with several dissents. March 15, 2006 Regular News Board deals with lawyer ad appeallast_img read more

NHP aims high with £124m to raise for expansion

first_imgWould you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletters To access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.last_img

Nissan formally closes Indonesian factory

first_imgAutomaker Nissan Motor Indonesia (NMI) announced the official closure of its factory in Indonesia as its Japanese parent company disclosed a restructuring plan to improve its finances.Japan’s Nissan Motor Co. stated on Thursday that the company was taking robust action to improve efficiency, which included the closure of its manufacturing facility in Indonesia. It also closed its Barcelona plant, the Spanish government confirmed. The decision to stop its operations in Purwakarta was part of the company’s optimization plan, which includes “rightsizing” and reorganizing its business operations, NMI president director Isao Sekiguchi said in a statement earlier in March, as quoted by had opened its Purwakarta factory, which assembles several models, including the Nissan March, X-Trail and Serena, in 2014. It also produced models for the Datsun brand, namely Datsun Go Panca and Datsun GO+ Panca.Car sales in Indonesia nosedived in April by more than 90 percent year-on-year (yoy) to 7,871 units, according to data compiled by diversified conglomerate PT Astra International, as the economic impact of COVID-19 affects vehicle demand.The Association of Indonesian Automotive Manufacturers (Gaikindo) cut its domestic car sales target this year by 40 percent to just 600,000 units and its car export target to 175,000 units from the initial target of around 350,000 and 400,000, the association’s chairman Yohannes Nangoi has said.Topics : NMI’s spokesperson Hana Maharani said Nissan Motor Co.’s announcement formalizes the closure of NMI’s factory in Purwakarta, West Java, which had stopped activities in March.“We have stopped our production line back in March. Therefore, the next step taken is to close the facility,” she said in a text message to The Jakarta Post on Thursday, adding that the announcement only served as a “formality.”As Japan’s Nissan factory in Indonesia is facing closure, the company is concentrating on its plant in Thailand as the single production base in ASEAN, its statement reads.Nissan Motor Co. said in April that it expected an annual operating loss of up to 45 billion yen (US$417 million), its worst performance since the 2008-2009 financial crisis.last_img read more

Alternatives boost returns at Dutch, Danish schemes – OECD

first_imgThe report says that, while a limited number of countries increased their exposure to alternatives over the past decade, those where an increase occurred are among the largest pension markets in the world – including the UK and Canada, where exposure grew by 12.8 and 8 percentage points, respectively.“It is interesting to note,” it adds, “that pension funds in the two countries that experienced among the highest returns in 2014, over the last five years and over the last 10 years, have also moved towards alternative asset classes over the last 10 years.”The report goes on to note the high annual, five-year and 10-year returns achieved by Danish and Dutch pension funds, which have seen alternatives increase by 11 and 4.6 percentage points, respectively.“The shift towards alternative investments seems, therefore, to have resulted in higher returns so far in these two countries,” it concludes.A survey by LCP Netherlands recently found that the sector’s drive for higher yield had all but wiped out cost savings achieved in other areas. The OECD also examined how the search for yield had been expressed through growing geographical diversification.However, it also found that the Danish defined contribution sector had seen a resurgent home bias, and at the end of 2014 only invested 25.2% of assets outside Denmark.,WebsitesWe are not responsible for the content of external sitesLink to Pensions Markets in Focus 2015 report Danish and Dutch pension funds have enjoyed some of the highest average returns over the last decade due to their growing exposure to alternatives, the OECD has suggested.The think tank noted the correlation between increased exposure to non-traditional assets – those falling outside bonds, equities, cash and deposits – and the 15% returns seen across Danish and Dutch pension funds in 2014.Both countries also reported annualised returns over the decade to 2014 of around 5%, which the OECD’s 2015 Pension Markets in Focus linked to the growing diversification of investments as pension funds sought out higher-yielding asset classes.The findings come after the OECD earlier this year warned about the risks of an “excessive” search for yield by pension funds, and marked its first attempt to show how asset allocation had changed in the years since low interest rates began causing problems for investors.last_img read more

North vs South – where’s the best place to live on the Gold Coast?

first_imgKyle and Kimberley Bate are selling their Labrador house to move further south with their son Lennox. Photo by Richard GoslingMr Bate said they liked the northern suburbs because they were closer to Brisbane and the Broadwater but wanted to be closer to the south’s surf.“The main thing for us is getting closer to the beach,” he said.REIQ Gold Coast zone chairman Andrew Henderson said lifestyle was one of the biggest factors that determined where people lived, as well as affordability and proximity to amenities like public transport and schools.MORE: Top five apartments to watch the GC600 1. Coolangatta – 16.52. Tugun – 16.23. Gaven – 16.14. Bilinga – 15.95. Hollywell – 15.26. Miami – 14.77. Palm Beach 14.58. Currumbin Valley – 14.59. Mermaid Waters – 14.310. Currumbin Waters – 13.8 Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:44Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:44 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p288p288p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow to bid at auction for your dream home? 01:45 Gold Coast display home takes top awards Development in the northern suburbs, including the new Westfield Coomera, is attracting more residents. Picture Glenn HampsonLJ Hooker Pacific Pines/Helensvale principal Pascal Pierre said easy access to both the Glitter Strip and Brisbane made the north appealing to buyers.“We’ve got people who work in Brisbane so being on the northern end of the Coast makes it that much easier,” he said.“You tend to get newer homes here. There’s more new land development up north as well.”New infrastructure including the light rail and Westfield Coomera as well as more opportunities to build were also factors Mr Pierre said attracted residents. Rivalry aside, he said more people would move to the northern suburbs in the next few years because it had the most room to grow.More from news02:37International architect Desmond Brooks selling luxury beach villa14 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago“I think because you’ve got limited supply in the south, that will increase prices,” he said“But I still think that while there are jobs here and people want to move to the Gold Coast, that northern corridor will see the vast amount of expansion.“The infrastructure seems to follow quite quickly too.” Where’s the best place to live on the Gold Coast?IT is the simple question every house hunter asks themselves before deciding where to live on the Gold Coast – north or south? And how long will they stay settled?Rivalry between the two regions isn’t as strong on the Coast as it is in other cities like Brisbane, but as the population and economy grows the division is becoming more prominent.Property experts say the areas differ in terms of what they have to offer but there are benefits to living in both.According to latest CoreLogic data, eight of the top 10 longest-held suburbs are in the south with Coolangatta claiming the top spot at 16.5 years. The Gold Coast’s southern suburbs are known for great surf.Ray White Mermaid Beach agent Troy Dowker said the data was no surprise.“Up north, it’s got more of a transient tourist feel. There’s a community feel in the southern suburbs,” he said.“Because it’s got such a good community vibe, people get in their comfort zone, they get a strong emotional attachment to the area.”He said there was a lot to love about the south, including the surfing beaches, low density living environment, national parks and estuaries.“Those spots are so popular on the weekend and they are pretty safe environments for families,” he said.Kyle and Kimberly Bate have listed their Labrador home on the market so they can move further south with their son, Lennox. Top 10 longest held suburbs (years):last_img read more