Shell offloads Philippines gas field
Shell has agreed to sell its 45% operating interest in service contract 38 (SC38) offshore Philippines to a subsidiary of local group Udenna for up to $460mn, the Anglo-Dutch major reported on May 20.
The company revealed to
NGW it intended to divest the asset in September last year. The Malampaya field, discovered in 1991 and brought online just over a decade later, supplies gas to four power plants on the island of Luzon. But it is expected to run dry by 2027, according to the Philippines energy department.
The sale includes platforms, a 504-km pipeline that carries Malampaya s gas to Luzon and an onshore gas plant, along with other infrastructure. Shell will receive at least $380mn for its stake, and potentially up to $80mn between 2022 and 2024 based on how the asset performs and prices. The deal is expected to be closed by the end of the year.
BREITBART
20 May 2021
U.S. climate envoy John Kerry says that Washington is looking into the possibility of introducing a fee on imports from countries that don’t tax heavy polluters
Kerry says US examining carbon border tax, sees risksBy FRANK JORDANSAssociated PressThe Associated PressBERLIN
BERLIN (AP) U.S. climate envoy John Kerry said Tuesday that Washington is looking into the possibility of introducing a fee on imports from countries that don’t tax heavy polluters, but he cautioned that such a move could carry risks “downstream.”
Kerry said President Joe Biden had instructed U.S. officials to examine “what are the consequences, how do you do the pricing, what is the impact.”
Long term plan response: More than 700 submissions for NCC, HDC and HBRC
19 May, 2021 02:29 AM
3 minutes to read
How live-stream watchers saw the end of the Hawke s Bay Regional Council including two councillor seats empty on each side. Photo / HBRC Live Stream
How live-stream watchers saw the end of the Hawke s Bay Regional Council including two councillor seats empty on each side. Photo / HBRC Live Stream
Hawkes Bay Today
By: Doug Laing
Hawke s Bay ratepayers and community groups have kept up with a trend towards having their say on the draft long-term plans currently being considered by the region s major councils.
Two dead after bleacher collapses at unsafe Israel synagogue
16 May, 2021 10:13 PM
3 minutes to read
The bleacher was packed with ultra-Orthodox worshippers and collapsed during prayers at the beginning of Shavuot. Photo / via Real News IL
The bleacher was packed with ultra-Orthodox worshippers and collapsed during prayers at the beginning of Shavuot. Photo / via Real News IL
AP
Israeli medics said at least two people were killed and more than 150 injured after a bleacher collapsed at an uncompleted West Bank synagogue on Sunday, the eve of a major Jewish holiday.
The bleacher was packed with ultra-Orthodox worshippers and collapsed during prayers at the beginning of Shavuot.