The company plans to reduce its workforce in Thailand by about 25% due to the suspension of production at the Wassana oil field KrisEnergy suspends production at its Wassana oil field until further notice. (Credit: Pixabay/Keri Jackson) Singapore-based upstream oil and gas firm, KrisEnergy has suspended the production at its Wassana oil field in the Gulf of Thailand in view of the many uncertainties.The uncertainties cited by the company include speed of the duration of the COVID-19 pandemic, global economic regeneration and recovery in petroleum demand, and the magnitude and sustainability of any upturn in oil prices.The firm has commenced the oil production from the first development well in the Wassana field in the G10/48 concession in the Gulf of Thailand in August 2015.The oil field infrastructure consists of mobile offshore production unit (MOPU) and a floating storage and offloading (FSO) vessel.Gross production at Wassana oil field averaged 3,605 bopdKrisEnergy said: “Agreements with respect to the FSO have been terminated. The Company is in discussions regarding the warm-stacking of the MOPU with a skeleton crew and supported from the Songkhla shorebase.”In the first quarter of the year, the gross production at Wassana oil field averaged 3,605 barrels of oil per day (bopd) and KrisEnergy’s working interest production was 3,208 bopd.The firm owns an effective 89% working stake in the G10/48 concession while Palang Sophon Offshore holds the remaining 11% working interest.It is also planning to reduce its workforce in Thailand by about 25% due to the suspension of production at the Wassana oil field.Furthermore, the operations at the remaining producing assets that include the B8/32 oil and gas fields in the Gulf of Thailand and the Bangora gas field in Block 9, onshore Bangladesh will continue as usual, the company said.
Win A Pair Of Tickets!<span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start”></span> Ghost Light Tour Dates:April 11th – Brooklyn Bowl – Brooklyn, NYApril 12th – Ardmore Music Hall – Ardmore, PAApril 13th – The Acoustic – Bridgeport, CTApril 14th – Thunder Road – Boston, MAApril 17th – Gypsy Sally’s – Washington, DCApril 18th – Lincoln Theater – Raleigh, NCApril 19th – 5 Points Sanctuary – Roanoke, VAApril 20th – Asheville Music Hall – Asheville, NCMay 10th – Aggie Theatre – Fort Collins, COMay 11th – Fox Theatre – Boulder, COMay 12th – Globe Hall – Denver, COMay 16th – City Winery – Chicago, ILMay 17th – Founders Brewery – Grand Rapids, MIMay 18th – Blind Pig – Ann Arbor, MIMay 19th – Grog Shop – Cleveland, OHJune 7th – Disc Jam Music Festival – Stephentown, NYJune 28th – Beanstalk Music Festival – Bond, COJuly 5th – High Sierra Music Festival – Quincy, CAJuly 19th – Peach Music Festival – Scranton, PAAugust 24th – Lockn’ Festival – Arrington, VAView All Tour Dates Tom Hamilton and Holly Bowling will team up for a special night at Port Chester, NY’s Capitol Theatre on Friday, June 1st. The pair—who recently kicked off their first tour with their new Ghost Light project—will treat fans to an acoustic tribute to the Grateful Dead.EXCLUSIVE: Tom Hamilton & Holly Bowling Talk New Band, Ghost Light, & The Grateful DeadHamilton and Bowling both have plenty of experience with the Grateful Dead catalog. In addition to playing Dead tunes with Ghost Light, Hamilton has been a member of popular Grateful Dead tribute act Joe Russo’s Almost Dead since the band’s inception. Bowling, on the other hand, released a full album of Grateful Dead covers titled Better Left Unsung and rose to fame in the jam scene for her creative solo piano reimaginings of Phish and the Dead. Both artists have performed with original members of the Grateful Dead at various times.Tickets for Hamilton and Bowling’s upcoming show—titled Acoustic Explorations of the Grateful Dead—will go on sale on Friday, April 6th. The concert will feature ten rows of reserved seating in the orchestra, with the rest of the floor going to general admission standing tickets. You also check out a list of dates for Hamilton and Bowling’s new band, Ghost Light, below.
4SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr With numerous legislators emphasizing that credit unions and other small financial institutions should not be punished by burdensome regulations, the U.S. House Financial Services Committee referred four CUNA-backed bills to the House Wednesday.Members of the committee voted 50-9 to pass the Risk-Based Capital Study Act of 2015 (H.R. 2769). The bill would delay the National Credit Union Administration’s risk-based capital proposal until a study of its impact is conducted.CUNA President/CEO Jim Nussle has said the proposal is a “solution in search of a problem.” Rep. Jeb Hensarling (R-Texas), the committee chair, used the same words, saying “so many are concerned the NCUA’s proposal is a solution in search of a problem” in his opening statement.The bill’s sponsor, Rep. Stephen Fincher (R-Tenn.), said the bill is not an attempt to get rid of the NCUA’s proposal, just a chance to get more information. continue reading »
Loan origination is the new battleground. The loan process – from member application, to lender processing, to distribution and administration – used to take weeks to complete. Customers now expect approval news within days, if not hours. And with easy online access to multiple loan sources, borrowers are likely to go with the best rate provided by the lender who responds the fastest. By automating the various loan origination processes, a credit union can significantly improve its level of service and sales performance, as well as build a competitive advantage in the marketplace. The benefits of a mobile Loan Origination System (LOS) experience include:24/7/365 access on multiple devicesReal-time account opening with a full eligibility wizard, member documentation uploads and online signaturesRapid automated decisions that support specific credit union strategies, from the simplest to the most complexStreamlined origination, automated underwriting and funds disbursement with flexible third-party integrationsSeamless integration that supports specific current processes today but with enough flexibility and access to easily accommodate and manage changes and upgrades down the roadSupport for a credit union’s brand with intuitive design applications that customize the solution to complement and enhance its mobile and full websitesAn optimal LOS features a powerful, configurable workflow engine that uses a credit union’s existing rules, rates and lending criteria and that supports loan application processing activity across all consumer-lending channels. The system’s technology should support consumer loan and account-opening applications that work seamlessly with the credit union’s current technology and processes. This not only simplifies integration but also minimizes staff training and reduces or eliminates the need for new loan origination steps. An LOS also allows credit union staff to manage more new applications and current loans by using automated workflows that require fewer resources, take less time, and comply with all internal and regulative standards. From tracking documents to integrating a paper-free processing and storage system, an LOS can build in new, cost-cutting efficiencies aimed at the bottom line. Existing and prospective members will appreciate the responsiveness of a robust, customizable decision engine that provides access to lending information, product options, and a smooth, intuitive application process available over multiple devices—around the clock, 365 days a year. Credit unions considering a change or upgrade to their LOSs should consider partnering with a CUSO (Credit Union Service Organization). CUSOs can help credit unions look at key issues, including software integration, mobile functionality, operations, member experience and goals. A good CUSO will focus not only on helping a credit union embrace technological advances but also on supporting member services. In its quest to always improve the member experience, PSCU partnered with CU Direct to offer Lending 360. Integration between account origination and Lending 360’s loan origination functions enables credit unions to smoothly process loan applications, which supports new member growth, marketing and cross-selling across all digital channels.It is important to keep in mind that online lending should supplement a credit union’s lending program and philosophy, not replace it. By combining an LOS with a productive and compassionate customer support staff, credit unions can build on their history of service with a wide range of new automated capabilities, both customer-facing and back-end, to compete in today’s uber-competitive lending arena. Credit unions have built a reputation for emphasizing responsive services tailored to the needs of established members while anticipating those of prospects. Fortunately, the acceptance of automated and self-guided services is growing, allowing members to experience and even seek new efficiencies, smooth banking experiences and increased convenience. More and more, the friendly face at a bank is evolving into a user-friendly app that is ready for consumers for whatever they need, whenever they need it. However, this shift to mobile does not have to be a negative. Instead, it should be viewed as an opportunity for credit unions to take advantage of by leveraging the power of the human touch.Co-Authored By: Rachel Fogle works with PSCU’s Lending and Account Opening Solutions, as well as on strategic product initiatives. 23SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Dan Ruppe Dan Ruppe is responsible for the suite of Total Member Care products and services, including PSCU’s lending and account opening solutions. Web: https://www.pscu.com Details
This post is currently collecting data… This is placeholder text continue reading » In a recent podcast episode, Katie Couric interviewed Bob Iger, executive chairman and former CEO of Disney. Couric remarked that Iger has a reputation in the business industry of being a nice guy. She asked him how he can be nice and also make the tough decisions that are required as a leader of a global company.His reply was profound.Iger said that he doesn’t think he is nice—rather, he is kind. Nice is avoiding confrontation and sometimes avoiding the truth. It’s telling people what they want to hear, even if it’s not honest. Being nice can get in the way of effective leadership.Kindness is recognizing the human being in everybody—the person who you are firing or giving bad news to is still a good person. Iger said he tries to demonstrate fairness and empathy when delivering bad news. 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
This is a developing story. Stay with 12 News for the latest updates. Our 12 News crew on scene reports seeing police conducting a sobriety test on the driver, and then taking that person into custody. The crash happened on Route 17 westbound on the on-ramp connecting to Route 201. It is unclear how the crash happened and if there are any injuries. JOHNSON CITY (WBNG) — A rollover crash damaged one car Monday evening off of Route 17 in Johnson City.
Indonesian energy giant Pertamina has finished drilling 12 new oil wells in the middle of the Sahara desert in Algeria, which marked the state-owned company’s first development project outside of Indonesia.Pertamina’s subsidiary, Pertamina International Exploration Production (PIEP), concluded the latest development of the Menzel Lejmat North (MLN) field in Block 405a, with the wrap-up of the drilling of its 12th well on March 17, according to a PIEP statement released on Saturday.PIEP earmarked US$14 million to drill each well but managed to cut costs and spend between $8.5 million and $10 million per well. The company did not elaborate on how it slashed spending, which resulted in an estimated budget saving of $100 million. The firm also cut short the duration of the drilling, from the targeted 55 days per well to 35 to 45 days per well.“[This] proves PIEP has the capacity and skills to operate overseas,” PIEP president director John Anis said in the statement, adding that field production would peak in 2021.Algeria is among PIEP’s many overseas assets, including in Nigeria, Tanzania and Malaysia, which is expected to boost Pertamina’s upstream business, the largest contributor to the company’s profits.Pertamina’s oil and gas production grew 1.4 percent year-on-year to 919 million barrels of oil equivalent per day (mboepd) in the first quarter, largely contributed by the company’s foreign operation, particularly in Algeria.Pertamina took over the MLN field from United States-based ConocoPhillips between 2012 and 2013 as the latter company underwent an asset disposition program. Block output reached 11,000 barrels of oil equivalent in 2012.The Indonesian company holds a 65 percent interest in the field while Spain’s Repsol holds the remaining 35 percent, despite Pertamina’s efforts to acquire the Madrid-based company’s share.Read also: Pertamina to go ahead with higher oil production plan despite oil price crashTopics :
Great Britain: Westcode Inc and Sabre Rail Services Ltd have formed Westcode (UK) Ltd as a joint venture to produce air-conditioning and automatic doors.On August 8 GATX Capital Corp and Lombard North Central plc set up GL Railease Ltd as a joint venture offering lease financing to the privatised domestic passenger businesses.Japan: SKF AB has announced plans to establish a research centre in Japan to help increase its local market share.Switzerland: FIAT-SIG Schienenfahrzeuge AG has sold its passenger coach gangway business to German manufacturer Hübner Gummi & Kunststoffe GmbH in Kassel.USA: GEC Alsthom Transportation Inc is to take over the Hornell plant formerly owned by American Passenger Rail Car Co, and previously Morrison Knudsen; after modernisation, GEC Alsthom plans to produce signalling equipment.Bombardier Transit Corp is to invest $18m to double the capacity of its Plattsburgh works, following orders for 680 R-142 metro cars for New York and American Flyer trains for the Northeast Corridor; a development centre will be set up at a local former Air Force base, with a 64 km/h test track.Standard Car Truck Co has bought Durox Co; Standard Car subsidiary J & D Supply will be merged into its new acquisition.
Malaysia’s Employees Provident Fund (EPF) has reported a record 58% year-on-year surge in return in the first quarter of the year, driven by equity investments.For the quarter ended 31 March, investment income reached MYR8.8bn (€2bn), compared with MYR5.6bn in the corresponding quarter in 2013.About 52% of the fund is invested in fixed income instruments, 43% in equities and the rest in money market instruments, real estate and infrastructure.Overseas exposure constitutes 21% of total investment assets. Returns from the fund’s global investments make up about 27% of all income generated.As at March 31, investment assets stood at about MYR600bn, an 11.3% increase from the year-earlier period.During the quarter under review, the fund’s equity portfolio was the biggest contributor, generating an investment income of MYR4.8bn, compared with MYR1.9bn in Q1 2013.Chief executive Datuk Shahril Ridza Ridzuan said: “High trading volume and liquidity in the equity markets, particularly global developed markets, provided us with timely opportunities to realise gains from earlier equity investments.“In addition, we benefited from a steady stream of dividends received from the listed companies we invested in.”Income from real estate and infrastructure increased by 37%, while returns from loans and bonds climbed 4%.The EPF said the marginal increase in income was primarily due to maturing investments reinvested at lower rates given the low interest rate regime.Income from Malaysian government securities and equivalents increased by 4%, while money market instruments contributed almost MYR80m in the quarter under review.Commenting on the outlook for the rest of the year, Shahril said: “Although we are optimistic the Malaysian economy will record better growth this year on expectations of export recovery supported by resilient domestic demand, we remain vigilant, particularly over the uncertainties surrounding the movements of capital as long-term interest rates adjust following recovery in key markets.”
The Telegraph 30 June 2014Almost one in four British women believe their main role in life is to be a good wife and mother, an international study has found.Women in the UK are almost as likely as men to hold a traditional view on the role of the sexes, it shows.New global polling by Ipsos MORI found that British people are less traditionalist overall on the issue of gender than Americans, Germans or Australians but substantially more so than those in many other European countries including France, Spain, Italy and Sweden.British women are just as likely to see their role in traditional terms as their counterparts in Turkey.More than 16,000 people in 20 countries were polled as part of a survey of attitudes to a range of social issues to be published later this year.http://www.telegraph.co.uk/women/10935616/One-in-four-British-women-think-their-main-role-is-in-home.html