TGS commences onshore seismic acquisition for additional Montney Basin 3D project in Canada. Photo: courtesy of TGS. TGS announced today the commencement of its 2020 South Halfway 3D onshore seismic survey, amplifying its core position in the Inga/Fireweed area of North East British Columbia (B.C.) in Canada.The South Halfway 3D is the second multi-client onshore project this winter season in the NEBC Montney basin for TGS, it is complementing recently announced Midnight 3D. When completed, the South Halfway project adds nearly 100 square kilometers of high-quality 3D seismic data and ties into existing TGS’ 3D seismic coverage in the area – exceeding 3,000 square kilometers over highly prospective Montney acreage. A full suite of AVO-compliant reservoir characterization products, in addition to a suite of pre-stack depth-migrated deliverables, will be available in early 2020.Kristian Johansen, CEO at TGS, said, “The South Halfway 3D project is another great addition to TGS’ high quality seismic data coverage in the Montney basin in British Columbia and further expands our comprehensive onshore library in the region. Our combined seismic, well log and interpretation datasets provide the industry with invaluable subsurface insight, and the additional 3D coverage will be instrumental to our customers’ exploration and development efforts in the area.” Source: Company Press Release The South Halfway 3D is the second multi-client onshore project this winter season in the NEBC Montney basin for TGS
Predator Oil & Gas is the operator of the Guercif Permits I, II, III and IV where it is partnered by ONHYM Predator Oil & Gas secures environmental approval for drilling in the Guercif permits. (Credit: Pixabay/skeeze) Predator Oil & Gas has secured environmental approval in Morocco for the drilling of exploration wells in the onshore Guercif permits in the North African country.The approval was granted by the National Committee of Environment for the Jersey-based company’s environmental impact assessment (EIA) filed by its subsidiary Predator Gas Ventures. The EIA approval, which is valid for five years, has been ratified by the Moroccan Ministry of Energy and Mines and Environment.Predator Oil & Gas is the operator of the Guercif Permits I, II, III and IV in the Guercif province with a stake of 75%. The company’s partner is the Moroccan state-owned Office National des Hydrocarbures et des Mines (ONHYM), which holds the remaining 25% stake.Predator Oil & Gas to target the Moulouya-1 prospectUnder the initial drilling campaign, Predator Oil & Gas will drill the Moulouya-1 prospect to a depth of 2,000m after getting regulatory consents and approvals. The company expects to take up to 30 days for the mobilisation of the drilling rig and for executing the drilling operations.Predator Oil & Gas holds the option to extend the drilling campaign by the drilling of an appraisal well, if needed, or a follow-up exploration well, which will be subject to ONHYM’s approval and receipt of all regulatory consents.Predator Oil & Gas CEO Paul Griffiths said: “The Company has achieved another important step in progressing its drilling plans in Guercif with the approval of the EIA. Importantly there is scope for further drilling to rapidly follow-up a potentially successful initial campaign.“Morocco represents an exciting opportunity for phased monetisation of gas combining near-term demand, supported by very attractive in-country gas prices, from large domestic industries desiring to switch to gas if available, and the medium-term ability to develop gas-to-power. New gas resources will carry a premium and may prove attractive to an acquirer.”Earlier this month, Predator Oil & Gas said that Predator Gas Ventures exercised a previously announced rig option with Star Valley Drilling for the latter’s Rig No. 101. Currently, Rig No. 101 is executing a drilling campaign for SDX Energy in the Rharb Basin west of the Guercif.
Source: Company Press Release Gas-powered Volvo Trucks also run on liquefied biogas (LBG), making the transports fully fossil-free Orkla, Gasum and Volvo trucks enter into cooperation for lower transport emissions in Sweden.(Credit : Gasum.) Orkla, Gasum and Volvo Trucks have started a trial period during which Orkla’s transport partner GDL will use liquefied biogas (LBG) to fuel transports between Orkla’s warehouse in Helsingborg and its production facility in Fågelmara, Blekinge.Orkla has set the goal for all of its domestic transport in Sweden to be fossil-free by 2025. To reach this goal, higher requirements will be set for transport procurement, with gas being one of the options available. Factors in favor of gas include the fact that Gasum is investing in the Nordic gas filling station network for liquefied biogas (LBG) to increase the number of stations to 50 by the early 2020s, and one of the stations will be located in Helsingborg.– We’re pleased with actors such as Orkla leading the way for sustainable transport. Liquefied gas provides great potential for emission reductions in the transport sector, says Mikael Antonsson, Director Traffic, Sweden, Gasum.Orkla has chosen Volvo Trucks and Gasum as its partners for a two-month trial period during which Orkla’s transport partner GDL will use liquefied biogas (LBG) to fuel transports between Orkla’s warehouse in Helsingborg and the Felix ketchup and dressing production facility in Fågelmara, Blekinge.– The trial period is a way for us to learn more about gas as a road fuel both in-house for us and for our transport providers as well as to bring about change to reduce emissions from the transport sector. We want to encourage our transport providers to make more sustainable choices, and we believe that we must do this together. For sustainable transport to become a reality, haulage companies must upgrade their vehicles and we as transport clients must choose alternative fuels. There must also be filling stations available, says Emelie Zakrisson, Category Manager Energy, Orkla.Biogas is made from organic waste, and ecological biofertilizers are also produced in the biogas process – contributing towards the circular economy. Using biogas instead of fossil diesel helps to reduce carbon dioxide emissions by up to 90%.– For GDL, this trial period is an exciting continuation of our transition to fossil-free alternatives. We are extending our fleet with gas vehicles, and this will provide us with further on-the-road experience of the pros and cons of the various technology options available today. We also value highly our constructive and competent cooperation partners in this project, says Anders Wendelius, Business Area Manager, GDL.Gas-powered Volvo Trucks also run on liquefied biogas (LBG), making the transports fully fossil-free. The cooperation partners hope that the trial will show that gas trucks help to cut fuel costs as well as emissions without any negative impacts on performance. Kicked off at the beginning of June, the trial period will be assessed by Orkla as regards the environmental and economic effects relating to transport procurement over the longer term.– Our Volvo FH LNG trucks enable us to reduce our environmental impacts right here and right now. Filling up with biogas makes the transports fossil-free without affecting the performance of our heavy-duty vehicles – plus the fuel economy is also looking very positive, says Stefan Strand, Managing Director, Volvo Trucks, Sweden.First steps towards a cleaner tomorrowGasum has already previously cooperated with Orkla in Norway, providing Orkla with gas for steam production at its food factories. The cooperation now starting in Sweden is closely connected with the opening of Gasum’s liquefied gas filling station in Helsingborg this summer.– We had already signed DLF’s Transport Initiative before entering into our current cooperation. Through this cooperation, we see opportunities to steer the transport sector into the right direction and also to take steps towards our own goals, Zakrisson concludes.
The contract is subject to a final investment decision by the client and Subsea 7 will record the contract in backlog once that decision has been made Submarine cable system installation in Taiwan. (Credit: SUBSEA 7.) Subsea 7 today announced the award of a sizeable(1) contract for the installation of the submarine cable system on an offshore wind farm project in Taiwan.Project engineering will commence immediately at Seaway 7’s offices in Leer, Germany and in Taipei, Taiwan. Offshore activities are expected to commence in 2023.The contract is subject to a final investment decision by the client and Subsea 7 will record the contract in backlog once that decision has been made.At this time, no further details can be communicated for contractual reasons. Subsea 7 defines a sizeable contract as being between $50m and $150m. Source: Company Press Release
BHP selects DNV GL as Verification Body and Classification Society for Trion FPU. (Credit: DNV GL.) DNV GL will verify that the new infrastructure built for the BHP Trion project is compliant with local and global safety, as well as other requirements. The Verification Body and Classification contract specifies DNV GL, the leading independent expert in risk management and quality assurance, to participate in design review activities and site surveillance during construction, commissioning, and installation of the floating production unit (FPU).DNV GL announced it has been awarded a multidisciplinary contract by BHP Billiton Petróleo Operaciones de México, S. De R.L. De C.V. (BHP) to provide classification, verification, and independent analysis of the Trion FPU. Located approximately 19 miles (35 kilometers) south of the U.S./Mexico border and approximately 112 miles (200 kilometers) from the Mexican coastline, the FPU will be installed in a water depth of approximately 8,200 feet (2,500 meters). BHP holds a 60% interest in the development and PEMEX a 40% interest.“The Trion oil field development is historic in the Mexican gulf and a milestone for all of us involved,” said Frank Ketelaars, Regional Manager, Americas, DNV GL – Oil & Gas. “It is indeed a recognition of DNV GL for our competence in professionally executing mega projects of this scale internationally. DNV GL is honored to be the Classification Society involved in such a significant project, and we look forward to the growth of our partnership with BHP for years to come.”The contracted verification scope DNV GL will carry out includes full project compliance to the Mexican offshore regulations, NOMs (Official Mexican) standards and BHP’s safety case requirements. The scope of work also includes several independent analyses from DNV GL to be conducted during the front-end engineering design and detailed design phase of the project.“I am delighted BHP has recognized that we possess the technical expertise and knowledge, particularly with respect to local regulatory requirements, to assure the safety and compliance for this deepwater project,” concluded Ketelaars. “We have worked with BHP on many different projects around the world and this contract win is a sign of the strength of our relationship with BHP in the Americas.” Source: Company Press Release The work also includes several independent analyses from DNV GL to be conducted during the front-end engineering design and detailed design phase of the project
Home » News » Agencies & People » Odds shorten on estate agent winning seat in May previous nextAgencies & PeopleOdds shorten on estate agent winning seat in MayAnne McIntosh’s decision not to stand in May’s General Election could now pave the way for Kevin Hollinrake of Hunters to be elected as MP for Thirsk & Malton.PROPERTYdrum25th March 20150551 Views Bookmakers have slashed the odds on Kevin Hollinrake, Managing Director and Co-Founder of Hunters Property Group, being elected MP for Thirsk & Malton after his nearest rival, and existing MP for the North Yorkshire, announced last week that she will not be seeking re-election on 7th May.Anne McIntosh (left), the Conservative MP, confirmed she will not run as an independent in the General Election, after she was deselected by her party.She said she would focus on returning a Tory government by campaigning for candidates in marginal seats instead. McIntosh has been the MP for Thirsk & Malton, North Yorkshire, since 1997, and was previously an MEP.She commented, “Many have asked me to stand locally in some capacity. I am honoured but my place is within the party and I would never put personal ambition ahead of the best interests of the country, which can only be served by another Government led by David Cameron.“To all those who have so loyally supported me and who have expressed disillusionment and a sense of being disenfranchised, I urge them to put aside their disappointment and ask them to consider that the alternative would not be good for the constituency, the Conservative Party or, indeed, the country.”A statement from the local party said, “The Association acknowledges the work that Anne McIntosh has done in the last five years and wishes her well in the future.”Conservatives in the Thirsk & Malton constituency last year chose estate agent, Kevin Hollinrake, as their prospective candidate for the next General Election.Mr Hollinrake was selected to fight the marginal West Yorkshire seat of Dewsbury in 2007, but withdrew for business reasons a year later.Bookmaker odds on Mr Hollinrake winning the seat for Thirsk & Malton are now as short as 1/33. In contrast, his nearest rival, Toby Horton of UKIP, is 25/1 to be elected on 7th May.Mr Hollinrake (right), from Easingwold, North Yorkshire, said he was delighted to have been selected. He commented, “It’s a lifetime ambition. My parents always encouraged us to take an interest in politics and current affairs and to share our opinions around the dining room table. I did not want to be a career politician, I first wanted to prove that I could be successful in business and think that gives me the credibility and experience to be able to help to improve things at a local and national level.”Look out for Kevin Hollinrake’s guest column in the May issue of The Negotiator magazine – out soon.May elections Kevin Hollinrake Hunters March 25, 2015The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles 40% of tenants planning a move now that Covid has eased says Nationwide3rd May 2021 Letting agent fined £11,500 over unlicensed rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021
Symonds & Sampson latest auction offerings ensured a packed sale room and top prices were paid for all lots, ending a very busy month with properties auctioned in Dorset, Devon and Somerset raising over £3 million.Auctioneer Mark Lewis felt that it was a red letter day, “We were fortunate to have some very interesting lots in the auction and the attention from prospective bidders.Caphays Cottage (pictured) at Caundle Marsh near Sherborne was being marketed for the first time since 1960. The property now needs complete renovation but, guided at £200,000, the sale price was £280,000.The most interest, however, was for an end of terraced house in the middle of Crewkerne which was in need of completion after some initial remedial work had been done. There was a yard and stone barn included and the modest guide of £95,000 was quickly beaten and the hammer fell at £200,000, over double the guide.Symonds & Sampson auctioneers Symonds & Sampson auction sale auctioneers Symonds & Sampson January 10, 2017The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Agencies & People » Symonds & Sampson sale previous nextAgencies & PeopleSymonds & Sampson saleThe Negotiator10th January 20170645 Views
Home » News » Agencies & People » ‘Hybrid and high street agency fees will soon meet in the middle’ previous nextAgencies & People‘Hybrid and high street agency fees will soon meet in the middle’Claim is made by Emoov boss Russell Quirk as he proposes merger with Countrywide but only if PLC drastically slims down its footprint and embraces technology properly.Nigel Lewis3rd August 201802,840 Views Hybrid and traditional estate agency fees are likely to meet in the middle as many high street operators reduce their fees and hybrids increase theirs, it has been claimed.Russell Quirk, in an exclusive interview with The Negotiator, says that while his business has increased its fees by 300% from £295 in 2010 to £895 today, traditional agents including Countrywide have seen their average fee level reduce from 1.7% to 1.2%.“Hybrid agents like Emoov deliver the same results as their traditional competitors including similar sell-through rates and percentage of asking price, so all we’ve got to do now is communicate this to consumers,” he says.Quirk also says that while he maintains that hybrids will take 30-35% of the sales market, he admits it’s going to take longer than he first thought.“Many academics have already predicted that the tipping point for tech firms is 20% and at the moment we’re almost half way there.“The problem for us is that it’s not a sticky industry,” he says. “People don’t jump in and buy a property but instead move every seven to 12 years so even if they understand the hybrid proposition, it may be a long time before they need that service.”CountrywideQuirk also confirmed to The Negotiator that he had not talked to Countrywide about a potential purchase but that he might consider a merger or buy-out.“I think bringing a business like ours and Countrywide’s together is the future,” he says. “The high street model isn’t sustainable as fees come under pressure.“I think utopia would be a company with some branches that allows that them to have a regional presence but not be slave to those overheads as the high street is currently is, and with different fee choices via different brands.“My vision for Countrywide would to sell off a lot of their brands, consolidate their branch footprint, use tech like ours to delight the customer and reduce the cost of servicing, and offer a challenger fixed-fee brand that is separate, not based in the same branches as traditional staff.” Russell Quirk Countrywide Emoov estate agency feees August 3, 2018Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021
An estate agent has been fined a total of £40,034 after admitting a string of offences during the first day of a trial that followed an investigation by local Trading Standards.Bournemouth Illsley & Son Ltd trading as Meridian Estate Agents was charged in March with 11 offences under Unfair Trading Regulations but, when the case came to court, the company admitted to nine of the offences.These included five counts of engaging in a commercial practice which was misleading and contained false information, three counts of omitting information and one count of knowingly or recklessly engaging in a commercial practice.The offences including trying to extract fees and commission payments from buyers when no fees or commissions were due, failing to inform a buyer that VAT would be due on a fee and charging a ‘buying fee’ when operating a ‘zero fee’ scheme for vendors.Conflict of interestBut one of the most serious offences involved the company allowing a house to be valued by a member of staff who hoped to buy it themselves.Eleven similar offences brought against the company’s director Matthew Illsey were dropped before the case came to court.After admitting the offences, Poole Magistrates Court fined Meridian Estate Agents £5,500, ordered it to pay compensation of £24,364, costs of £10,000 as well as a £170 victim surcharge.“Buying and selling a house is one of the largest financial decisions made by consumers and estate agents have a duty in law to provide full and accurate information,” says Councillor Lewis Alison of Bournemouth, Christchurch and Poole Council told local media.Christchurch and Poole Council Illsley & Son Ltd Meridian Estate Agents Bournemouth Trading Standards October 29, 2019Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Estate agency fined £40k after admitting nine counts under unfair practices law previous nextRegulation & LawEstate agency fined £40k after admitting nine counts under unfair practices lawMeridian Estate Agents in Bournemouth was charged in March with 11 counts but has now been fined after admitting nine of them on the first day of its trial.Nigel Lewis29th October 201903,336 Views
Gatehouse Bank has widened the eligibility criteria on its range of Buy-to-Let products, including an increase to the maximum age at the end of the term, from 85 to 99 years.The 99-year age limit will not apply to customers who rely on non-rental income to meet affordability criteria. Where there is a reliance on personal income, the maximum age remains 85.However, the change to the upper age limit is designed to remove financing challenges for older clients, who would otherwise have no problem passing affordability tests.Gatehouse will also now allow refinancing within six months of purchase for all Buy-to-Let customers, subject to an enhanced due diligence process.Criteria changes to Buy-to-Let productsMaximum Finance-to-Value for Expats and International Residents has increased to 80% from 75%Minimum finance amount reduced to £60,000 for Expats and International ResidentsMinimum property value lowered from £100,000 to £75,000 for Expats and International ResidentsMaximum age increased to 99-years at the end of the finance term for UK Residents, Expats and International Buy-to-Let customersThe Bank will now require three months of bank statements from Expats, rather than 12 months, while International Residents will only need to provide six months’ worth of statements, rather than 12 months – conditions apply.The maximum age increase and reduction of statements also apply to Houses in Multiple Occupations (HMOs) and Multi Unit Freehold Blocks (MUFBs).The Bank has also made changes to its Home Purchase Plan criteria; refinancing is now allowed within six months of purchase, subject to further due diligence. Home Purchase Plans are Shariah-compliant alternatives to conventional mortgages thatcarry no early payment charges.Charles Haresnape, CEO of Gatehouse Bank, said, “We are always looking at ways to improve our Buy-to-Let and Home Purchase Plan ranges to ensure we make the application process as easy as possible for our brokers and customers.“We are able to make the latest changes to our criteria because of our human approach to underwriting, which means we take our customers’ full financial circumstances into account.”Gatehouse Bank 99 year old mortgage terms buy to let finance buy to let lending buy-to-let March 13, 2020Richard ReedWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Good news for mature landlords! previous nextProducts & ServicesGood news for mature landlords!Borrow until you’re 99! Gatehouse Bank widens its repayment terms on buy-to-let mortgages.Sheila Manchester13th March 20200533 Views