Zion Oil & Gas buys drilling rig for Israel operations

first_img Actual rig pictured. Currently stacked awaiting shipment to Israel. 1600 horsepower AC Top Drive equipped rig capable of 20,000ft depth. (Credit: Zion Oil & Gas) Zion Oil & Gas has closed a purchase and sale agreement to acquire drilling equipment for its operations in Israel for $5.6m.Under the deal, the firm has purchased drilling rig, drill pipe, and related equipment from an undisclosed seller.As per the terms of the deal, Zion Oil & Gas has paid $4.6m in the form of cash to the seller and the remaining $1.0m will be paid to an escrow agent.After the arrival of the rig in Israel and completion of acceptance testing the remaining amount will be paid by Zion Oil & Gas to the escrow agent.Zion chief operating officer Robert Dunn said: “This is a new era for Zion and a positive step forward for our 2020 exploration plans.“With our asset based in the State of Israel, our planning and flexibility will become more robust.”Details of rig purchased by Zion Oil & GasA 1600 horsepower AC Top Drive equipped rig with a twin 1600 horsepower mud pump system with a depth capability of 20,000ft will be supplied to Zion.The firm said that the rig will comprise almost 15,000ft of heavy 5″ drill pipe as well as the associated well control equipment and inventory.Zion president Bill Avery said: “We believe this is the right time for this to happen.“Having cash budgeted and available for the purchase of this rig shows the strong support of our shareholders and evidence of God’s faithfulness.”The rig, which went through a full CAT III & IV certification in late 2017, and the related equipment, will be imported into Israel from Romania, where the Drilling Rig is currently stored.In October last year, Zion announced the completion of data acquisition for its Megiddo-Jezreel 3-D seismic programme.The seismic acquisition covered over 72km2 within its Megiddo-Jezreel license, a large onshore area of approximately 99,000 acres in Israel. The firm has purchased drilling rig, drill pipe, and related equipment from an undisclosed sellerlast_img read more

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Voting begins June 1 for Coolest Thing Made in Elkhart County contest

first_imgIndianaLocalNews Google+ Pinterest Facebook Facebook Google+ TAGScontestCoolest Thing in ElkhartElkhart CountyIndianaJune 1openvoting (Photo Supplied/madeinelkhartcounty.com) Public voting begins on Monday for the Coolest Thing Made in Elkhart County contest.A county-wide search has been ongoing for the past six months. Submissions range from products made in art studios and home businesses to farm-based workshops and factories.More than 100 nominations were submitted for the contest since January, 30 of which were accepted to compete.Now, it’s time to vote for the best.Voting will be open from June 1 through 15 at madeinelkhartcounty.com. Votes can be cast once per day as long as email addresses are confirmed.The winner will be announced during a virtual celebration event in late June. Pinterestcenter_img WhatsApp By Brooklyne Beatty – May 28, 2020 0 425 Previous articleLa Porte City Police to increase Aggressive Driving patrols next monthNext articleTwo arrested in series of storage unit thefts Brooklyne Beatty Voting begins June 1 for Coolest Thing Made in Elkhart County contest Twitter WhatsApp Twitterlast_img read more

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New chief of staff

first_imgPatti Bellinger has been named chief of staff and strategic adviser to Harvard President Larry Bacow, effective Sept. 1. A 1983 graduate of Harvard College, Bellinger most recently was an adjunct lecturer and senior fellow at Harvard Kennedy School, where she was previously executive director of the Center for Public Leadership. Bellinger also has served as executive director of executive education at Harvard Business School.“Patti brings tremendous experience and a distinguished background to the chief of staff role,” said Bacow. “She has been a highly effective leader in both the corporate and nonprofit world. I enjoyed working with her at the Center for Public Leadership and am delighted to welcome Patti to our team, and I am confident we will benefit greatly from her wisdom, insight, and thoughtful, strategic approach.”,Bellinger, above, led the Center for Public Leadership from 2013–2017, a period of tremendous growth and expansion, more than doubling the number of student fellowships, quadrupling the reach of the leadership development portfolio, and playing a pivotal role in building the center’s endowment. As chief of staff, Bellinger will help advance the president’s University-wide agenda, assisting on major initiatives. She also will oversee the administrative and operational activities of the Office of the President.“It is an honor to join President Bacow’s team and to support his vision for Harvard,” said Bellinger. “This University has been in my life for almost 40 years, since I first arrived as a freshman in 1979. I’m grateful for this new opportunity to give back to an institution that has been a formative influence in my life.”Bellinger led the Center for Public Leadership from 2013–2017, a period of tremendous growth and expansion, more than doubling the number of student fellowships, quadrupling the reach of the leadership development portfolio, and playing a pivotal role in building the center’s endowment. As adjunct lecturer, she has taught “The Art of Leading in a Diverse World: Skills, Insights, and Best Practices,” while contributing to the Kennedy School’s executive education program.Bellinger also has held senior leadership roles in the private sector and has served on the boards of public companies and nonprofit organizations spanning various countries and disciplines, including the pharmaceutical industry, theater, the energy sector, global business, and startups.last_img read more

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Report shows continued, sharp decline in coal plant financing in India

first_imgReport shows continued, sharp decline in coal plant financing in India FacebookTwitterLinkedInEmailPrint分享ETEnergyworld.com:The third annual Coal vs Renewable Financial Analysis 2019 marks a second consecutive year-on-year decline in coal funding in India following a 90 per cent decrease in 2018. The report, made public on Tuesday, finds a 126 per cent drop in funding from the commercial banks to coal compared to 2018.There has also been a significant drop in the state-owned financing of coal projects. Lending to renewable energy projects saw a minor contraction of six per cent year on year although it received 95 per cent of the total lending to energy projects.The report, prepared by the Centre for Financial Accountability (CFA) and Climate Trends, looked at 50 project finance loans across 43 coal-fired and renewable energy projects in India. Only projects that reached financial close between January 1, 2019, and December 31, 2019, were included in the analysis.“A significant drop in project finance to coal means that financial institutes are beginning to realise the associated financial and reputational risk in investing in coal,” said CFA Executive Director Joe Athialy. “Our policy makers need to read the writing on the wall. Pushing healthy commercial banks into financing unviable coal projects in India and abroad will only lead to more stress in the financial sector,” Athialy added.2019 saw two coal projects (total capacity of 3.06GW) receiving Rs 1,100 crore ($190mn) in project finance. In 2018, five coal-fired projects with a combined capacity of 3.8GW received Rs 6,081 crore ($850mn). By contrast, Rs 60,767 crore ($9.35bn) was lent to 17GW of coal projects in 2017.Forty-one renewable energy projects with a total capacity of 5.15GW received a cumulative of Rs 22,971 crore ($3220mn). Lending to wind energy dropped 30 per cent, while lending to solar increased by 10 per cent compared to 2018.More: India sees consecutive year-on-year decline in coal funding: Reportlast_img read more

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June 12: Get updates on CECL, BSA/AML, marijuana banking, more

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » NAFCU President and CEO Dan Berger and senior leaders of the association’s award-winning advocacy team next week will give members an update on key credit union issues, including the current expected credit loss (CECL) standard, Bank Secrecy Act (BSA)/anti-money laundering (AML) regime, marijuana banking and more.The Q2 Member Call-In is slated to begin at 4 p.m. Eastern June 12. This member-only benefit is free, but registration is required.Here’s an update on some hot-button issues that will be further discussed during the member call-in:CECL: NAFCU last week released a new CECL FAQ document to help credit unions as they prepare to implement the standard. Despite concerns from lawmakers and others about the impact CECL could have on financial institutions and the economy, the association believes it is likely that all credit unions will be required to comply with the standard in 2022. The association is also engaged as Congress considers legislation to halt CECL’s implementation, and continues to share its concerns about the standards with the Financial Accounting Standards Board (FASB), NCUA and lawmakers.last_img read more

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Suburban stunner with extra acreage secures premium price at auction

first_imgRoom with a view.Agent for the sale Carmen Briggs from Harcourts Solutions said that Ferny Hills homes tended to be much smaller, except for Lanita Rd and a few other streets.“It is still only minutes from the suburbs but it feels like you are in the middle of nowhere,” Ms Briggs said. Open plan living.More from newsParks and wildlife the new lust-haves post coronavirus18 hours agoNoosa’s best beachfront penthouse is about to hit the market18 hours agoThe home was sold to a young family from Mitchelton that wanted to live in a spot that was not far from the centre of Brisbane but had a lot of extra space. Living with nature.The home is on a 1.84ha allotment and includes a 90,000-litre rainwater tank, solar power system, pool and a fireplace.It was built in 1983 and had been with the same family for 18 years before they decided to sell. The suburb borders Samford, where acreage properties are common.The median house sales price in Ferny Hills is currently $537,900, according to CoreLogic.center_img 247 Lanita Road Ferny HillsWITH an acreage allotment in a suburb where 700sq m blocks are the norm, the home at 247 Lanita Rd in Ferny Hills is a little bit different.When it went under the hammer, the rural lifestyle home got the biggest sale price for the week across the northwest when it sold for $1.2 million.last_img read more

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Wulguru well worth discovering

first_img71 Glenlyon Drv, WulguruPERCHED on the hill at Wulguru with sweeping views of the city, Magnetic Island and Cleveland Bay lies this well-appointed, six-bedroom home.71 Glenlyon Drv is on the market for the first time in 15 years for $623,000 negotiable.As well as six bedrooms it has three bathrooms, and two-car accommodation on a 607sq m block.Selling agent Sonia Ross from Ross Real Estate said the grand home wouldn’t be out of place on Castle Hill and offered excellent value for money. 71 Glenlyon Drv, Wulguru“Wulguru is pretty special. With no major roads running through the suburb, it’s like a self-contained village, with a great sense of community and wonderful open spaces,” she said.“And despite that sense of space, it’s right next door to the expanding Fairfield Central, and just a short distance from Lavarack Barracks, James Cook University and the hospital.“It’s been a wonderful place to raise our kids and I think a family looking for a big spacious house with the most incredible views in Townsville would fall in love with this amazing home, just like we did.” 71 Glenlyon Drv will be open for inspection on Sunday from 2pm-2.45pm. For more details call Sonia Ross on 0412 129 063. 71 Glenlyon Drv, Wulguru“I think the views from this home probably surpass those you get at Yarrawonga,” she said.“The floor plan is excellent because you’ve got four bedrooms, living, dining and a deck all on one level, so you don’t have to go between two levels all the time, which really adds to the functionality of this home.“It would also be a really fantastic investment because you could have student accommodation downstairs.“It would suit a large family or a professional couple because it’s close to the Townsville Hospital and Lavarack Barracks.“I think Wulguru is really an untapped market because it’s so central to everything.”More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020center_img 71 Glenlyon Drv, WulguruThe house’s glass louvres and timber bi-fold doors showcase the property’s uninterrupted views while Tasmanian oak floors feature throughout the first level of the home.The stylish house also has appealing architectural features such as cathedral ceilings with exposed timber beams while the kitchen has Corian benchtops.The master bedroom has a walk-in wardrobe, ensuite bathroom and direct access to the deck.The main bathroom has been extensively renovated and has a freestanding bath tub, oversized shower and floating vanity.A large deck, which is perfect for entertaining, overlooks the swimming pool.Owner Nicole Hayes said Wulguru was a wonderful place. last_img read more

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USACE Announces Nearly $5B for Projects in Texas

first_imgThe U.S. Army Corps of Engineers (USACE) announced yesterday nearly $5 billion in funding for disaster recovery projects in Texas.This funding will go towards critical flood mitigation projects, including a number of high-priority projects identified by Governor Abbott and local leaders in Texas.In addition to the nearly $5 billion for infrastructure projects, the Army Corps announced nearly $16 million for Texas on studies for projects to help make the state more resilient to future storms. This allocation comes as a result of the disaster supplemental passed by Congress earlier this year, and is in addition to the $500 Million announced by the USACE last month.“The billions allocated to Texas is welcome news as we continue to rebuild in the aftermath of Hurricane Harvey,” said Governor Abbott. “This funding will go a long way toward future-proofing Texas against another hurricane and strengthening our infrastructure to withstand dangerous flooding. I thank the U.S. Army Corps of Engineers, the Texas Congressional Delegation and the Office of Management and Budget for their work in helping rebuild Texas stronger than before.”Projects included in the announcement from the USACE:Brays Bayou – $75,000,000;Buffalo Bayou and Tributaries – $1,454,000;Clear Creek – $295,165,000;Dallas Floodway – $222,911,000;Dallas Floodway Extension – $53,000,000;Hunting Bayou – $65,000,000;Lewisville Dam – $91,959,000;Lower Colorado River – $73,290,000;Sabine Pass to Galveston Bay – $3,957,134,000;White Oak Bayou – $45,000,000.Studies included in the announcement from the USACE:Coastal Texas Protection and Restoration Study – $1,902,000;Buffalo Bayou and Tributaries Study  – $6,000,000;Houston Regional Watershed Assessment –  $3,000,000;Brazos River, Fort Bend County Erosion Management Study – $3,000,000;Guadalupe and San Antonio River Basins – $2,000,000.last_img read more

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UWP recognizes three women for their contribution to development in Dominica

first_img Tweet Share LocalNews UWP recognizes three women for their contribution to development in Dominica by: – March 7, 2012 Share Sharing is caring!center_img 230 Views   no discussions Share The women’s arm of the United Workers Party on Wednesday recognized three women who have contributed to Dominica’s development as part of activities to commemorate International Women’s Day.Former teacher and founding member of the UWP Vernice Belony, former health minister Doreen Paul and former community development minister Gertrude Roberts.Vernice Bellony. Photo credit: culturedominica.comPublic relations officer of the United Workers Party women’s arm Diane Telemaque explained that the party decided to recognize these women for their contribution towards politics and the overall development of women on the island.“Mrs. Roberts for instance, she is very respectable and she contributed quite a lot to the education of women. She was always against violence against women. They always looked up to her because she was very polite person and she has helped a lot, especially the underprivileged children. She also looked out for the adults too.”Telemaque noted however that Doreen Paul made her mark in the health sector.“She was the ministry of health and she made sure that the people who were sick were given assistance and attention. She was always looking for those who could not afford, to assist them in any way possible, to get the best health care.”According to Telemaque, Vernice Belony, a past teacher contributed to the education system and was instrumental in assisting several persons in Vieille Case.International Women’s Day is an annual event observed on March 8th to celebrate women’s achievements throughout history and worldwide.Dominica Vibes Newslast_img read more

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NFF mourns deaths of Rivers FA Vice Chairman, Remo Stars player

first_imgRelatedPosts Ministry reads riot act to NFA, Clubs over resumption of league Super Eagles to unveil new Nike jersey in Portugal CAF, NFF celebrate Enyeama at 38 The Nigeria Football Federation has expressed deep grief over the death of the Vice Chairman of the Rivers State Football Association, Chief Omineokuma-Kile, who died on February 20, 2020. The Chairman of the Rivers State Football Association and former member of the NFF Executive Committee, Chris Green, confirmed at the weekend that the 77-year-old Chief Omineokuma-Kile, a dignified feature at the Annual General Assembly of Nigerian football, died of heart failure. In a letter signed by the NFF General Secretary, Dr. Mohammed Sanusi, the NFF said it remembered Omineokuma-Kile as “a man of integrity with dignified bearing, as he accomplished his duties quietly and with diligence, both during the Annual General Assembly and in his position as the vice chairman of Rivers State Football Association. “To the entire family of Rivers State Football Association, we pray that God will grant you the fortitude to bear this big loss and coming at a time that there is so much on the plate of the Association. “To the immediate family, extended family and friends of our departed Congress member, we pray for God’s love and support for them to be able to bear this great loss, while also praying that God will grant the departed Chief Omineokuma-Kile eternal rest.” Also at the weekend, the NFF sent a letter of condolence to the Chairman of Ogun State Football Association and NFF Executive Committee member, Alhaji Ganiyu Majekodunmi, over the untimely death of Assistant Captain of Remo Stars Football Club, Tiamiyu Kazeem, which sad event occurred on Saturday. The letter said: “We are particularly sad about the reported circumstances of the player’s death, as attested to by a team mate who was with him at the time, to the effect that he was arrested by officers of the Special Anti-Robbery Squad (SARS) on the claim of wearing military apparel, and was pushed down from a moving vehicle before being crushed by another vehicle. “To the entire family of Ogun State Football Association, we pray that God will grant you the fortitude to bear this loss of a promising talent who could have developed to a national and international star giving his humility, hard work, discipline and professionalism as attested to by his team mates. “To the immediate family, extended family and friends of the departed player, we pray for God’s love and support for them to be able to bear this great loss, while also praying that God will grant the departed Tiamiyu Kazeem eternal rest.”Tags: Chris GreenMohammed SanusiNFFOmineokuma-KileRivers State Football Associationlast_img read more

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