​KLP tweaks coal divestment criteria as it offloads dozen holdings

first_imgKLP will no longer invest in companies that draw more than 30% of their revenue from coal-based activities, lowering the threshold in line with the Norwegian sovereign wealth fund’s policies.The new threshold, down from 50%, came into force this month and was announced as KLP confirmed it had excluded 20 companies from its portfolio.A dozen energy companies were excluded for their coal-based activities, while KLP, which provides pensions to Norwegian local government workers, also excluded Glencore over its oil exploration activities off the cost of the Western Sahara.The 12 energy companies – including Adani Power Adani Power, Duke Energy and Korea Electric Power – were excluded as of this month, KLP said. Its head of responsible investment, Jeanett Bergan, added that KLP had noted the Norwegian parliament’s decision to force the Government Pension Fund Global to sell all stakes in companies drawing more than 30% of revenue from coal-based activities.“KLP follows the GPFG guidelines and has been clear that we will look to the new coal criterion for the GPFG and consider further exclusions consistent with this,” Bergan said of the decision to lower KLP’s threshold to 30%.“We stand better poised to achieve the green shift when investors pull together.”Under the new rules, KLP was able to readmit Hong Kong’s Power Asset Holdings and Turquise Hill Resources of Canada, which have diversified their revenue away from coal-based activities, falling below 30%, according to the most recent accounts.Of its decision to divest Glencore, the provider said its activities in Western Sahara constituted an “unacceptable risk of violating fundamental ethical norms”.It noted that it had in 2013 excluded French oil company Total due to similar activities.Three companies – BAE Systems, Fluor Corporation and Huntington Ingalls Industries – were excluded for their role in producing nuclear weapons.A further four – Genting Berhad, Genting Plantations Berhad, IJM Corporation Berhad and IJM Plantations Berhad – were divested for their connection to palm oil plantations in Indonesia, as the plantations were established through deforestation.last_img read more

Add Energy and Trendsetter Win Well Control Contract

first_imgAdd Energy and Trendsetter Engineering Inc (TEI) have been contracted by an oil and gas operator to provide well control expertise and access to their patented Relief Well Injection Spool (RWIS) to a well which is planned to be drilled in the Barents Sea during Q2 2018.The contract will provide the operator with access to the RWIS system that will facilitate high rate kill requirements through a single relief well.This should allow the operator to increase the flexibility and redundancy of well kill operations by relocating pumping and storage off the relief well rig to dedicated pumping vessels.According to Add Energy, having access to the RWIS will provide this operator with an additional layer of safety that ensures that a blowout that would typically require more than one intercept, can be killed with a single relief well, which in turn, reduces the risk for the entire well control operation. In addition to this, the RWIS hardware may also permit the operator to increase the size of their completions to increase the production rate, a significant industry development that can make marginal developments sanctionable, the company explains.Prior to the award of the contract, Add Energy conducted a blowout and kill simulation study to verify that a worst-case blowout during the drilling of the upcoming well can be controlled by a single relief well. The analysis concluded that the RWIS will significantly increase the kill mud pumping capacity and hence likelihood of a successful kill operation in the event of a blowout.Morten Haug Emilsen, senior vice president at Add Energy, said: “For Add Energy this contract is a good example of technology developed jointly by two leading service providers that will benefit the drilling industry for the years to come. The unique combination of competence and experience from both companies were essential to materialize an idea that has been in our minds since 1989. In 2017, a major milestone was accomplished when the technology was commercialized, and the first contract for the RWIS was signed.”Brett Morry, global technical director at Trendsetter Engineering, stated: “For TEI, this contract validates the belief in the collaboration between Add Energy and TEI and gives a clear message that this hardware presents a viable solution to an existing industry problem.”last_img read more

One worker dies after Saipem pipe-layer blast in Caspian Sea

first_imgOne worker has died following last week’s fire on the Saipem-owned pipe-laying vessel which, at the time of the incident, was operating in the Caspian Sea offshore Azerbaijan. Illustration; Caspian Sea oil field offshore Azerbaijan / Image by Bruno Girin/Flickr – shared under CC BY-SA 2.0 licenseIn a statement sent to Offshore Energy Today on Tuesday, a spokesperson for Saipem said that “one person who has been in most critical condition has passed away in the hospital of France this morning.”The spokesperson added that no other injured worker is in life-threatening condition.To remind, Saipem’s Israfil Huseynov vessel caught fire last Wednesday, May 8, while it was working on pipelaying at the Shah Deniz II project. The incident was related to maintenance operations on an item of equipment during pipe-laying activities.As a result of the explosion, 14 people were injured, all employees of the Saipem Group. Seven of the fourteen injured workers were placed in intensive care.According to information provided by Saipem, all injured personnel was transferred on May 11 to the specialized hospitals of Turkey, Italy, France, and the UK. Three other less injured persons – who were able to travel independently – have also reached their home countries.The Israfil Huseynov is a pipe-laying barge owned by Caspian Marine Services. The vessel was built in 1988 in Mantyluoto, Finland.Offshore Energy Today StaffSpotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email. Offshore Energy Today, established in 2010, is read by over 10,000 industry professionals daily. We had nearly 9 million page views in 2018, with 2.4 million new users. This makes us one of the world’s most attractive online platforms in the space of offshore oil and gas and allows our partners to get maximum exposure for their online campaigns. If you’re interested in showcasing your company, product or technology on Offshore Energy Today contact our marketing manager Mirza Duran for advertising options.last_img read more

Dangerous new strain of cannabis wrecks lives of South African teens

first_imgMailOnline 22 April 2015The potent strain of cannabis is grown in Swaziland, one of South Africa’s poorest states, and is often mixed with heroin to produce a highly addictive drug known as nyope.It’s the most widely used illegal drug in the world, but does cannabis deserve its reputation as being one of the safest?Not if you take a look at South Africa, one of the UK’s biggest providers of high-strength cannabis, where a potent strain of the plant dubbed ‘swazi gold’ is wrecking havoc on its young population.As revealed in BBC’s Stacey Dooley Investigates, which aired last night, poverty-stricken grandmothers are growing it, drug mules are risking their lives to smuggle it out of the country, and what stays behind is ruining the lives of South Africa’s drug-addled teens.Swazi gold is grown in the tiny South African sovereign state of Swaziland, where the climate and nutrient-rich soil is perfect for growing marijuana.Farmers – many of them ‘Grannies’ whose children have died and who are now in charge of providing for their grandchildren –  have developed the potent strain through cross-pollination, and can now yield double the crop they once could annually.The result is cannabis which boasts a staggeringly high concentration of THC, the psychoactive agent which produces the high, which finds its way either to the streets of the UK, or the streets of Johannesburg and beyond.http://www.dailymail.co.uk/femail/article-3049069/Thought-cannabis-safe-Meet-South-African-teens-ravaged-dangerous-new-strain-known-swazi-gold-end-streets-Britain.htmllast_img read more

15 Portland middle-schoolers sent home after ingesting marijuana edibles

first_imgOregon Live 3 February 2019Family First Comment: The marijuana industry is not concerned in the health of your children.“She said two students brought the marijuana to the school in “dessert snack” form.”#peoplebeforeprofitswww.SayNopeToDope.nzTwo Portland eighth-graders face disciplinary action after school officials say the pair supplied marijuana edibles to more than a dozen classmates.Fifteen students at Harriet Tubman Middle School likely ingested the drug Wednesday, a district spokesman confirmed Saturday. Officials notified parents the same day of the incident.“This of deep concern to us, and we are committed to ensuring our students understand the risks associated with any drug, including marijuana, and are safe in our schools,” spokesman Harry Esteve said in a statement provided to The Oregonian/OregonLive. He did not specify if the district’s count of 15 students included the two who supplied the drugs.When school leaders learned what had happened, they immediately launched an investigation to identify all the students involved, he said. They also contacted police. Esteve said the two students who provided the marijuana are now going through the school’s disciplinary process. It’s not clear whether all the students knew the edibles contained marijuana.The recreational use of marijuana is illegal in Oregon for anyone younger than 21.The incident came to light after Harriet Tubman Principal Natasha Butler sent an email to parents Wednesday describing what happened. She said two students brought the marijuana to the school in “dessert snack” form.READ MORE: https://www.oregonlive.com/news/2019/02/15-portland-middle-schoolers-sent-home-after-ingesting-marijuana-edibles.htmlKeep up with family issues in NZ. Receive our weekly emails direct to your Inbox.last_img read more

Area Boys Soccer Sectional Scores

first_imgArea Boys Soccer Sectional Scores.Wednesday  (10-4)Class 3A @ Greenfield-Central.Shelbyville  1     Connersville  0Greenfield-Central  4     East Central  3Class 2A @ Rushville.Lawrenceburg  1     Rushville  0Batesville  1     Franklin County  0Class 1A @ Rising Sun.Jac-Cen-Del  1     Southwestern  0Shawe Memorial  1     Switzerland County  0last_img

Williams extends Ulster contract

first_img “My family and I have settled really well and it means I can go out and enjoy myself on the pitch. Everything has fallen into place and I wouldn’t want to play anywhere else to be honest.” Ulster’s director of rugby, David Humphreys, was delighted to tie down the influential 29-year-old. “Nick’s level of performance throughout last season was instrumental to Ulster finishing top of the RaboDirect PRO12 and extending his contract for another two years is a huge boost to everyone associated with Ulster Rugby. “He is a genuine entertainer and is someone who possesses the ability to inspire the players around him and get the crowd on their feet. Off the field, he’s a tremendous personality to have around the dressing room and I’m delighted he’s committed to Ulster until 2016.” The New Zealand back row, who was voted the RaboDirect Pro12 players’ player of the season last year as well as the Irish Rugby Union players’ player of the year, was due to be a free agent at the end of the current campaign. “It’s always nice to stay where you’re happy,” Williams told the club’s official website. Nick Williams has agreed a contract extension with Ulster, keeping him at Ravenhill until 2016.center_img Press Associationlast_img read more

Carrick aiming for the title

first_imgMichael Carrick insists Manchester United should be targeting the Premier League title, rather than Champions League qualification this year. Press Association “Going in to a game with those lads in your team gives us a real threat and a lot of confidence knowing we can create chances and score goals. Against Newcastle they clicked nicely and hopefully in the weeks coming up we’ll see something similar.” Van Gaal, ever the perfectionist, was not completely satisfied with his team’s victory against the Magpies, which came courtesy of a Rooney double and a Van Persie header. The United manager was delighted with his team’s attacking play, but was less than happy with Phil Jones for clipping Jack Colback in the area to give Newcastle a late consolation from the penalty spot. “We did a lot of bad things,” Van Gaal said. “Did you see the penalty? It was from our throw-in… it’s not possible to give that penalty away. “We can improve and we are improving every match. That’s the most important thing. “It’s a process not for one day, but for a year.” Van Gaal was also unhappy with the Premier League for scheduling United’s next game at Tottenham 43 hours after the game against the Magpies ended. Carrick, who played for Spurs for two years before signing for United, thinks he and his team-mates must not dwell on the inconvenience too much, though. “Going to Tottenham is always a tough game and to go there two days after this match at 12 noon makes it very tough,” he said. “But we have to get ourselves ready for that and it’s the same for them as well. It’s a game we look forward to and we go there confident.” Van Gaal will rotate his team for the match in north London. British record signing Angel di Maria is a big doubt because of a pelvis injury he suffered in training on Christmas Eve. Marouane Fellaini and Adnan Januzaj are out through illness. Daley Blind (knee) and Marcos Rojo (thigh) are unavailable, but Luke Shaw took part in a post-match training session on Boxing Day and could feature for the first time since November 22, when he injured his ankle against Arsenal. United made it seven wins from eight matches on Boxing Day when they swatted Newcastle aside with an easy 3-1 win. Despite the impressive recent run, United remain 10 points behind Chelsea and seven shy of second-place Manchester City, who have won their last nine matches in all competitions. Chelsea and City have a far more-settled starting XI than United, who have suffered because of injuries this season, but Carrick believes it is not unreasonable to think the Red Devils can catch them and top the table at the end of the season. “We’re continuing to look up and will continue to try to catch them [City and Chelsea],” the midfielder told United’s website. “We’re not satisfied with third. It’s obviously an improvement and we’re getting better but we want to keep looking up.” It has not been lost on the United hierarchy that the team’s resurgence has coincided with Carrick’s return to the starting XI. Since Carrick recovered from an ankle injury at the start of November, the Red Devils have dropped just two points – a fact not lost on Sir Alex Ferguson, who described the 33-year-old as “the best English player in the game” this week. Carrick prefers to think that United’s upturn in form is partly due to the attacking options Louis van Gaal now has at his disposal. On Boxing Day the United boss started with an enviable attacking quartet of Wayne Rooney, Radamel Falcao, Juan Mata and Robin van Persie. “That’s four world-class players you’re talking about there,” Carrick said. last_img read more

French Ambassador joins pupils to mark Sports Day in Accra

first_imgThe French Ambassador to Ghana, Madam Anne Sophie Ave on Wednesday, September 25 joined pupils of French-accredited schools in Ghana to mark their Sports Day at the Lycée Français d’Accra.The Ambassador addressed the students, observed and took part in activities such as sack race, gymnastics, musical chairs among others.In her address, Madam Anne Sophie Ave said the event forms part of a publicity campaign dubbed ‘Generation 2024’ which seeks to inculcate in the pupils a love for sports and spirit of competitiveness.She also reiterated the French government’s commitment to using sports as a means of strengthening their relationship with Ghana.“The whole event is making children play sports, it’s about them getting acquainted with sports. This is also in line with the kind of cooperation we want with Ghana. It’s in line with our President’s expression in Ouagadougou that we need to corporate in fields that we did not explore so far like sports, youth, environment and education. With the 2024 Olympics Games set to be staged in the French capital of Paris, the French government has embarked on brand awareness and publicity campaign to generate attention, interest and also highlight the benefits that come with hosting the world’s biggest sporting festival.The campaign is targeted at the youth who according to the French government are the major benefactors of an Olympic and Paralympic Games.last_img read more