ART Holdings Limited 2005 Annual Report

first_imgART Holdings Limited ( listed on the Zimbabwe Stock Exchange under the Paper & Packaging sector has released it’s 2005 annual report.For more information about ART Holdings Limited ( reports, abridged reports, interim earnings results and earnings presentations, visit the ART Holdings Limited ( company page on AfricanFinancials.Document: ART Holdings Limited (  2005 annual report.Company ProfileAmalgamated Regional Trading Holdings Limited (ART) manufactures and distributes products in three key categories paper products, stationary and batteries. Its product portfolio is diverse; ranging from tissue paper, sanitary ware and disposable napkins to writing pens and automotive, solar and standby batteries. Its products fall under the brand names Exide, Eversharp, Softex and Chloride. The company also has substantial interests in timber plantations and offers forestry resources management services. ART has a southern African footprint, with a strong presence in Zimbabwe, Zambia, Malawi and South Africa. Formerly known as Beachmont Trading Limited, its name changed to Amalgamated Regional Trading Holdings Limited in 2001. The company is a subsidiary of Taesung Chemical Company Limited and its headquarters are in Harare, Zimbabwe. Amalgamated Regional Trading Holdings Limited is listed on the Zimbabwe Stock Exchangelast_img read more

Mumia has COVID-19 – the only treatment is his freedom!

first_imgWord has come that Pennsylvania political prisoner Mumia Abu-Jamal has tested positive for COVID-19. Supporters learned of the diagnosis March 3, as they were gathered in front of the office of Philadelphia District Attorney Larry Krasner to call for Abu-Jamal’s release and that of all incarcerated people over 50, who are vulnerable to premature death from COVID-19 and other illnesses.Johanna Fernandez, with the Campaign to Bring Mumia Home, received word from Abu-Jamal’s medical attorney Robert Boyle confirming a diagnosis all had feared. Abu-Jamal, who had been hospitalized to remove excessive fluid from his lungs, was also diagnosed with congestive heart disease.Johanna Fernandez speaks outside the Philadelphia DA’s office, March 3.WW PHOTO: Joe PietteFernandez described speaking with Abu-Jamal on Feb. 26, noticing his speech was altered. “He reported having labored breathing and feeling a weight he described as ‘having a little elephant on my chest.’ Mumia rarely complains about his health. We immediately mobilized to put pressure on the prison system to test him for COVID-19.”Initially SCI Mahanoy officials said Abu-Jamal’s COVID-19 tests were negative. His supporters, however, aware of the Pennsylvania Department of Corrections’ historic neglect of serious health conditions for Mumia and other incarcerated people, posted an alert calling on prison officials to seek additional health treatment. It appears that this international pressure campaign made a difference.Fernandez reported that 66-year-old Abu-Jamal has severe liver damage, because in the past the PA DOC had delayed treatment for his hepatitis C. “Prisons in the U.S. are a death trap. U.S. prisons have resisted decarceration under COVID-19, yet countries around the world, including Iran and Italy, have had mass release of prisoners.“There were over 500,000 unnecessary deaths in the U.S. because of COVID-19. Who are we as a society — willing to allow elderly people, disproportionately Black and Latinx, to die prematurely and unnecessarily because of the vindictiveness of the criminal justice system?“In the 1980s and ’90s, the U.S. mass-incarcerated Black and Latinx communities after industries abandoned working-class cities like Philadelphia. The system warehoused people they could not employ, giving them 40-years-to-life sentences often related to drug use — crimes which today are not prosecuted.“If we say ‘Black lives matter,’ then imprisoned people — poor, Black, Latinx and victims of white supremacy and racism — must also matter.”Racism — a public health crisis Calling in from California, Dr. Ricardo Alvarez, who has served as a medical consultant for Abu-Jamal, said, “Racism has been identified as a public health crisis. Prisons are the physical manifestation of racism. Not only Mumia, but all imprisoned elders are endangered by COVID-19. His treatment must be his freedom.”Pastor Keith Collin, a prison minister for 30 years, called on DA Krasner to do the right thing and release Abu-Jamal. “You ran for office as a reformer, but now, Mr. Krasner, you are walking in the footsteps and following the same path as former district attorneys Ed Rendell and Lyn Abraham. Trafficking in Black bodies has got to stop.”Speaking for the Prisoners Solidarity Committee of Workers World Party, Ted Kelly stated: “Nelson Mandela taught us that you can tell the character of a country by how it treats its prisoners. Thousands of prisoners in the U.S., including over 100 in Pennsylvania, have died since COVID began — not as the result of an accident, nor the result of negligence — but from a criminal policy to keep men and women behind bars, while the deadly pandemic rips through these concentration camps of poor and working people.“The virus is coming into prisons from the guards and staff. Pennsylvania Gov. Tom Wolf and DOC Secretary John Wetzel have the legal ability to release thousands of prisoners to save lives.”A statement from international activist Julia Wright was read in which she said: “Since Mumia let us know about his alarming symptoms, serious alerts about his health have gone out internationally. Larry Krasner, John Wetzel, and Tom Wolf know it; their email boxes have been jammed full with messages pouring in from all over the country, from Germany, France, England, Spain, Africa, the Caribbean and more.“I sent out health alerts yesterday to the U.N. Human Rights Council and the U.N. Special Rapporteur Against Racism, following my February 18th testimony for Mumia and our elderly political prisoners. A member of the Rapporteur’s staff responded to say that the state of Pennsylvania had already been under scrutiny by the U.N. Human Rights Council.”Cindy Miller with Food Not Bombs Solidarity described Pennsylvania’s prisons as a cash cow for private corporations including Aramark, Securus, Well Pass, Smart Communications, Global Powerlink and Polycom.Closing out the program, Gabriel Bryant with Black Philly Radical Collective challenged Krasner’s supporters and staff, who say they support justice, to not fall in line with the prison system against their own consciences. “This is the third time in a week and a half we’ve been out here. For many of us, we’ve seen the truth and we refuse to fall in line.”FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Ag Terrorism Act Arrives at President Trump’s Desk

first_img Previous articleMorning OutlookNext articleSenators Want Ag Focus in NAFTA Talks Hoosier Ag Today Ag Terrorism Act Arrives at President Trump’s Desk SHARE SHARE By Hoosier Ag Today – Jun 30, 2017 Facebook Twitter Home Indiana Agriculture News Ag Terrorism Act Arrives at President Trump’s Desk Facebook Twitter The Securing Our Agriculture and Food Act recently passed through both the Senate and House of Representatives in a bipartisan fashion. It now awaits the final approval of President Trump. The language in the bill helps to clarify what the role of the Department of Homeland Security is as it works with other federal agencies to prevent agricultural terrorism. The DHS Assistant Secretary for Health Affairs is the official charged with collaborating between agencies to keep America’s food supply safe. However, the act does not supersede the authority of the Secretary of Agriculture when it comes to food and agriculture. Iowa Republican Representative David Young first authored the bill in 2016 and again this year. It was largely in response to the avian influenza outbreak of 2015, the costliest animal outbreak in U.S. history.An analysis from the Congressional Budget Office says the bill would cost less than $500,000 a year to implement and would not affect direct spending or revenues.Source: NAFB News Servicelast_img read more

Obama announces nomination for Supreme Court

first_imgTCU social work majors go into the field to help support Fort Worth’s homeless ReddIt ReddIt Linkedin Twitter Fort Worth’s first community fridge program helps serve vulnerable neighborhoods + posts Twitter Heisman winner, former TCU coach Pat Sullivan dies at 69 Pop superstar Prince dies at his Minnesota home Associated Press Associated Press Music professor says Placido Domingo harassed her, grabbed her breastcenter_img Federal appeals court judge Merrick Garland stands with President Barack Obama and Vice President Joe Biden as he is introduced as Obama’s nominee for the Supreme Court during an announcement in the Rose Garden of the White House, in Washington. Facebook Associated Press Previous articleProvost says adjunct raise aligns with university goals, but won’t happen soonNext articleFort Worth officer still in critical condition, suspect charged Associated Press RELATED ARTICLESMORE FROM AUTHOR A look at the NCAA Tournament, ending with shot for the ages Linkedin Associated Press Associated Press Facebook ‘Liters for Life’ student campaign raises funds for global water crisis printWASHINGTON (AP) — President Barack Obama nominated appeals court judge Merrick Garland to the Supreme Court on Wednesday, challenging Republicans to drop their adamant refusal to even consider his choice in an election year.Obama called Garland, a long-time jurist and former prosecutor, “one of America’s sharpest legal minds” and deserving of a full hearing and Senate confirmation vote. Republican leaders, however, have said the vacant high court seat should not be filled until a new president is elected, a stance Senate Majority Leader Mitch McConnell emphasized immediately after the White House announcement.Garland, 63, is the chief judge for the United States Court of Appeals for the District of Columbia Circuit, a court whose influence over federal policy and national security matters has made it a proving ground for potential Supreme Court justices.He would replace conservative, Justice Antonin Scalia, who died last month, leaving behind a bitter election-year fight over the future of the court.Obama announced choice at a ceremony in the Rose Garden, with Democratic Senate leaders and allies looking on.Garland, who had been passed over before, choked back tears, calling the nomination “the greatest honor of my life.” He described his grandparents’ flight from anti-Semitism in Eastern Europe and his modest upbringing.He said he viewed a judge’s job as a mandate to set aside personal preferences to “follow the law, not make it.”Obama held up Garland as diligent public servant, highlighting his work leading the investigation into the Oklahoma City bombing and prosecutions. He quoted past praise for Garland from Chief Justice John Roberts and Sen. Orrin Hatch. And he said Garland’s talent for bringing together “odd couples” made him a consensus candidate best poised to become an immediate force on the nation’s highest court.The president urged the Republican-led Senate not to let the particularly fierce and partisan political climate quash the nomination of a “serious man.”“This is precisely the time when we should play it straight,” Obama said.Garland was confirmed to the D.C. Circuit in 1997 with backing from a majority in both parties, including seven current Republicans senators.If confirmed, Garland would be expected to align with the more liberal members, but he is not viewed as down-the-line liberal. Particularly on criminal defense and national security cases, he’s earned a reputation as centrist, and one of the few Democratic-appointed judges Republicans might have a fast-tracked to confirmation — under other circumstances.In the current climate, Garland remains a tough sell. Republicans control the Senate, which must confirm any nominee, and GOP leaders want to leave the choice to the next president, denying Obama a chance to alter the ideological balance of the court before he leaves office next January. Republicans contend that a confirmation fight in an election year would be too politicized.Republicans have set up a task force that will orchestrate attack ads, petitions and media outreach. On the other side, Obama allies are to run a Democratic effort targeting states where Republicans might feel political heat for opposing hearings.Obama’s choice risks deflating some of the energy among the Democratic base. Progressives and civil rights activists had pushed the president to name an African-American woman or to otherwise continue his efforts to expand the court’s diversity.Garland — a white, male jurist with an Ivy League pedigree and career spent largely in the upper echelon of Washington’s legal elite — breaks no barriers. At 63 years old, he would be the oldest Supreme Court nominee since Lewis Powell, who was 64 when he was confirmed in 1971.Presidents tend to appoint young judges with the hope they will shape the court’s direction for as long as possible.Those factors had, until now, made Garland something of a perpetual bridesmaid, repeatedly on Obama’s Supreme Court lists but never chosen.But he is finding his moment at a time when Democrats are seeking to apply maximum pressure on Republicans. A key part of their strategy is casting Republicans as obstructionists ready to shoot down a nominee that many in their own ranks once considered a consensus candidate. In 2010, Hatch called Garland “terrific” and said he could be confirmed “virtually unanimously.”A native of Chicago and graduate of Harvard College and Harvard Law School, Garland clerked for two appointees of Republican President Dwight D. Eisenhower — the liberal U.S. Supreme Court Justice William Brennan Jr. and Judge Henry J. Friendly, for whom Roberts also clerked.In 1988, he gave up a partner’s office in a powerhouse law firms to cut his teeth in criminal cases. As an assistant U.S. attorney, he joined the team prosecuting a Reagan White House aide charged with illegal lobbying and did early work on the drug case against then-D.C. Mayor Marion Barry. He held a top-ranking post in the Justice Department when he was dispatched to Oklahoma City the day after the bombing at the federal courthouse to supervise the investigation. The case made his reputation. He oversaw the convictions of Timothy McVeigh and Terry Nichols, and later supervised the investigation into Unabomber Ted Kaczynski.President Bill Clinton first nominated him to the D.C. Circuit in 1995.His prolonged confirmation process then may have prepared him for the one ahead. Garland waited 2½ years to win confirmation to the appeals court. Then, as now, one of the men blocking his path was Iowa Sen. Charles Grassley, who argued he had no quarrel with Garland’s credentials but a beef with the notion of a Democratic president trying to fill a court Grassley felt had too many seats.Grassley ultimately relented, although he was not one of the 32 Republicans who voted in favor of Garland’s confirmation. Nor was Sen. Mitch McConnell, the other major hurdle for Garland now. The Republicans who voted in favor of confirmation are Hatch, Sen. Dan Coats, Sen. Thad Cochran, Sen. Susan Collins, Sen. Jim Inhofe, Sen. John McCain, and Sen. Pat Roberts.Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.last_img read more

French president and prime minister asked to speak up for press

first_img Help by sharing this information Receive email alerts News Organisation RSF_en September 26, 2002 – Updated on January 20, 2016 French president and prime minister asked to speak up for press China: Political commentator sentenced to eight months in prison News to go further Follow the news on China ChinaAsia – Pacific China’s Cyber ​​Censorship Figures News On the occasion of the visit to France, from 26 to 28 September, of the Chinese Prime Minister, Zhu Rongji, Reporters Without Borders has written to Jacques Chirac and Jean-Pierre Raffarin asking them to “do all they can to ensure that the question of the freedom of the press does not remain the poor relation in discussions with China”. “Human rights, and especially freedom of expression, are still today one of the major forgotten aspects of the opening-up professed by this country. But the complacent silence of China’s international interlocutors on these issues is just as serious and reprehensible. More than a sad mark of indifference, it amounts to tacit support for the practices of the Chinese regime,” adds Robert Ménard, Secretary-General of the organisation.China ranks fourth among the jailers of journalists globally, with to date at least 11 journalists in prison for having exercised their right to seek, receive and impart information. In addition, intimidation, censorship, confiscation of their publications or purely and simply deportation, make up the day-to-day experience of foreign journalists and correspondents working in this country.China is also the number one ravager of freedom of information on the Internet. Thirty cyber-dissidents are currently in prison for having published information regarded by the authorities as over-critical. The promulgation in 2000 of drastic legislation on the Internet was moreover the starting-point for an unprecedented crackdown, which led to the suspension of numerous web sites and of two search engines, Google and Altavista, a wave of closures of Internet bars – more than 2000 in June this year – and strict surveillance of Internet users. April 27, 2021 Find out more ChinaAsia – Pacific Democracies need “reciprocity mechanism” to combat propaganda by authoritarian regimes News June 2, 2021 Find out more On the occasion of the visit to France, from 26 to 28 September, of the Chinese Prime Minister, Zhu Rongji, Reporters Without Borders in a letter to Jacques Chirac and Jean-Pierre Raffarin asking them to do all they can to ensure that the question of the freedom of the press does not remain the poor relation in discussions with China. March 12, 2021 Find out morelast_img read more

Missing woman journalist reappears, back with her family

first_img December 27, 2013 – Updated on January 20, 2016 Missing woman journalist reappears, back with her family May 5, 2021 Find out more News RSF_en Help by sharing this information Reporter murdered in northwestern Mexico’s Sonora state April 28, 2021 Find out more Organisation The family of Zoila Márquez Chiu, a journalist with the Linea Informativa news website who disappeared on 7 December, has confirmed that she returned to her home in the central state of Zacatecas on 23 December. She was missing for 17 days.“We are relieved to learn that Márquez is back with her family,” Reporters Without Borders said. “Officials say she did not suffer any attack but the circumstances of her disappearance are still largely unexplained. It is unusual for a missing person to turn up again in Mexico, where 17 journalists have disappeared it the past decade, two of them this year.”Márquez’s father, Humberto Márquez Sandoval, said the family was “happy that she is back,” described her as “a bit nervous” but did not explain the reasons for her disappearance.Línea Informativa editor Omar Hernández said: “It is not up to me to give an explanation for her disappearance and I don’t have one. I think the authorities should be more transparent about the case.”He nonetheless thanked the authorities for the effort they put into the search for Márquez. He also thanked Reporters Without Borders, Article 19 and the Zacatecas Association of Women Journalists for following the case.________________09.12.13 – Woman journalist missing for past two days in ZacatecasReporters Without Borders urges the authorities in the north-central state of Zacatecas to do everything possible to locate Zoila Márquez Chiu, a journalist who has been missing since the afternoon of 7 December.“We hope enough resources are deployed to find Márquez safe and sound as soon as possible,” Reporters Without Borders said. “The authorities must respond to her family’s appeal. There is so far no proof that she has been kidnapped but the police should investigate the possibility that her disappearance is linked to her work.” Márquez, who works for the Linea Informativa news website, was last seen when she set off by car to a videoclub in Zacatecas, the state capital. The last contact with her was at around 2 p.m. on 7 December. Her car has not been found and no one has claimed responsibility for abducting her or demanded a ransom.Two other journalists have disappeared this year in Mexico. Sergio Landa Rosado of the Diario Cardel newspaper has been missing sine 22 January and Gerardo Blanquet of Radio Grande de Coahuila has been missing since 30 April.In all, 18 journalists have disappeared in the past decade in Mexico. There has been one other female victim – María Esther Aguilar Cansimbe, a reporter for the newspaper Cambio in the southwestern state of Michoacán, who has been missing since 11 November 2009.None of these disappearances has been solved although in some cases there have been indications that they were the work of corrupt police or military personnel. Follow the news on Mexico Newscenter_img 2011-2020: A study of journalist murders in Latin America confirms the importance of strengthening protection policies Reports NSO Group hasn’t kept its promises on human rights, RSF and other NGOs say to go further May 13, 2021 Find out more Receive email alerts MexicoAmericas News MexicoAmericas last_img read more

Back treatment forum

first_imgBack treatment forumOn 1 Jul 2000 in Personnel Today The TUC, the Forum of Private Business and pressure groupBackCare announced a campaign to promote better care, backed by a helpline forsmall firms. Comments are closed. Previous Article Next Article The forum has begun a face-to-face survey of 1,500 smallfirm members to identify the extent of the problem. In the autumn it will joinwith the TUC in distributing educational material to 100,000 small companies.”Small business owners realise that their most important asset istheir  employees,” said StanMendham, executive chairman of the Forum. “Back pain is a major cause ofabsenteeism.” Small companies lose around 1.2 million working days, andover £100m a year, because of back strain, the organisers said. Trade unions have joined with small businesses to campaignfor better back treatment. The organisations are seeking expert assistance for thehelpline. Recent thinking on back problems recognises the importance of earlyintervention and rehabilitation, and the earliest return to work possible(Occupational Health, May). Related posts:No related photos.last_img read more

Absence management

first_img Comments are closed. Absence managementOn 16 Oct 2001 in Personnel Today A ten minute guide to Absence ManagementWhat is it? Absence or attendance management is the realistic and caring handling ofstaff attendance. Absence management, as opposed to “absencecontrol”, is about monitoring absenteeism, establishing the real causes ofnon-attendance and addressing these with a raft of enlightened strategies.It typically includes keeping statistics, benchmarking against othercompanies and industries, stress counselling, return-to-work interviews andtraining for line managers.Rupert Salter, development consultant at the Industrial Society andspecialist consultant on the Maximising Attendance report says,”It isabout showing you care for staff, both those who are sick and those who arecovering for them. It is about getting to the bottom of absence.”The story so far Increasing pressure to cut costs in the last recession led employers toexamine the impact of staff illness on the bottom line.Early absence management policies simply involved keeping sickness recordsto establish employee absence patterns, with line managers getting tough withthose repeatedly having sickies. But there was still a widespread sense thatemployee illness was unpredictable and hard to control.This is changing. “Lots of companies are moving from seeing it as apolicing exercise to viewing it as a management exercise with welfareconsiderations,” says Salter.A host of factors have made absence management the business of any sensibleemployer – rising absence costs, changes to UK and EU legislation placing theonus on employers to safeguard employees’ health, the need to maintaincompetitiveness with fewer employees, and higher staff expectations of whatmakes a good employer.Increasingly sophisticated software has enhanced employers’ ability to trackand benchmark employee sickness patterns.The promise Employers who have put in place effective absence management policies reportnoticeable impact on their bottom line, cutting costs as a result of fewerstaff taking time off and improved productivity among those at work.Staff absence is a costly business which can spiral out of control if leftunchecked. Last year, UK employers lost around £10.7bn through employeeabsenteeism, according to the Confederation of British Industry. The CIPD setthe cost at £12bn. Absence costs include sick pay, temporary cover, shiftpattern cover, downturn in productivity, and loss of client-customer servicerelationships.But according to Stephen Bevan, associate director at the Institute forEmployment Studies, only about a quarter of employers make an attempt to costabsence.“They perceive it as difficult or if they have low absence rates, theyassume they have low costs, which is not necessarily true,” he says.Pros and cons If done well, absence management should lead to reduced absenteeism rates,improved productivity and higher morale, making staff feel looked after andtrusted. But if done badly, the opposite can occur, with employees feeling theyare under the microscope and feeling less undervalued.“Yes, there are side effects. If companies are using a sledgehammer tocrack a nut and people feel they are being spied on, industrial disputes can becaused,”says Derek Burn, partner at MCG Consulting.Salter says that employees can be daunted when companies first implementabsence management strategies:“People find it scary at first and wonder why the organisation doesn’ttrust them. It is important to explain it is about supporting them and not justa policing exercise.”Burn says the trick is to combine policing procedures with a counsellingapproach, encouraging team working so staff feel they are letting their teamdown if they don’t turn up for work.For absence management to be effective, it should take in both long- andshort-term absence. According to Bevan of IES, most companies who focus onabsence only look at short-term absenteeism. They could well be pattingthemselves on the back without realising that long-term absence, which is themost costly, has risen.Who’s on board? Organisations leading the way with their absence management policies includeBoots, London Underground, the Prison Service, Nottinghamshire City Council,the Inland Revenue and Vauxhall Motors.The public sector is particularly proactive in this area – understandable asit has higher rates of absenteeism than the private sector, according to theCBI’s annual survey, Pulling Together. The Chancellor’s announcement of targetsto reduce absence rates by 20 per cent by 2003 has led to a flurry of activity.The verdictThe future is likely to see absencemanagement policies becoming more important as costs of absence rise andemployers’ duty of care becomes more pronounced.Flexible working and homeworking will increasingly be part ofthe absence management picture. Employers will need to get to grips with how tomanage staff working away from the office as well as those who are visible.The Industrial Society claimed in its recent report MaximisingAttendance that flexible working helps reduce absenteeism. Fifty- five per centof respondents attributed the drop in the number of absence days per employee –from 8 to 6.5 days in the past 18 months – to flexible working hours.The Government’s new taskforce on flexible working practices,set to report next month, could provide leads for employers anxious to put inplace best practice models compatible with business efficiency.The law could soon be changed to make it easier for staff tokeep sickness records. Under the Data Protection Act, employers currently needto seek employees’ consent before keeping records but the InformationCommission has pledged to take a close look at the situation.Fact fileKey playersThe Industrial SocietyStephen Bevan, associate director of the Institute forEmployment StudiesMCG ConsultantsWilliam M MercerHR contribution The HR professional’s key role in terms of absence managementis primarily one of setting policies, supporting line managers, keepingaccurate records and supplying them with facts and figures and the latesttrends. It is also one of offering training to line managers in interviewingstaff about absence.HR needs to convince senior management to take ownership of thecompany’s approach to absence.“HR needs to influence the board, designing proactivemeasures, advising on trends, new job designs and corrective actions. Absencemanagement needs a coordinated holistic HR strategy so HR should  proactively look at strategy rather thanwaste time chasing Fred Bloggs,” says HR consultant Colin Ions, head ofDLA Consulting, part of law firm DLA.Essential readingAttendance Management: A Review of Good Practice (1998), SBevan and S Hayday. Institute for Employment Studies. Report 353. ISBN 1 85184282 9Measuring and Monitoring Absence from Tackling Stress at Work,policy brief, The Industrial Society.ISBN 1 4720 957Pulling together: 2001 Absence and Labour Turnover Survey,Confederation of Business IndustryWebsitesThe Health and Safety Executive, of Employment Studies, Previous Article Next Article Related posts:No related photos.last_img read more

Equinor and partners to drill wildcat well for Northern Lights project

first_img The West Hercules rig will drill the wildcat well for the Northern Lights project. Photo: courtesy of Seadrill. The Norwegian Petroleum Directorate (NPD) said that Equinor and its partners are set to drill an exploration well 31/5-7 Eos in the North Sea as part of the Northern Lights project, a carbon capture and storage (CCS) project located south of the Troll field.The drilling of the exploration well will mark the first time where the goal is not for finding any hydrocarbons, said NPD. Instead, the wildcat well 31/5-7 Eos will be drilled for probing if the reservoir in the deep Johansen Formation can be used for storage of carbon dioxide (CO2).For this purpose, Equinor and its partners will be using the West Hercules rig in exploitation licence 001. The permit for the licence was granted by the NPD in January 2019.The goal of the well 31/5-7 Eos is to prove sandstone and the storage potential for CO2 in the Cook and Johansen geological formations. Additionally, the participants in the Northern Lights project would look to study the sealing properties of the overlying Dunlin shale.The NPD said that if the wildcat well indicates good reservoir properties, then a decision will be taken subsequently for using the formations for the storage of CO2. In case of that, the first CO2 injector will be drilled as a sidetrack from 31/5-7 Eos, said the Norwegian authority.NPD exploration assistant director Wenche Tjelta Johansen said: “If the well proves sandstone with good flow properties, this part of the Johansen Formation may be well-suited as a storage facility for CO2.”According to Johansen, the Johansen Formation is located at a depth of nearly 2700m in the relevant area, and that the wells that were drilled down into the formation in the past are situated on the Troll field, which is far away from the 31/5-7 Eos well.Equinor, which is the operator of the Northern Lights project, is partnered by two other oil and gas majors – Royal Dutch Shell and Total.Northern Lights project detailsThe Northern Lights project will feature a CO2 receiving terminal, an offshore pipeline, and a permanent storage facility for the gas in the North Sea.The project will be based on CO2 drawn from two potential capture sites – Fortum Oslo Varme’s waste-to-energy facility in Oslo and Norcem’s cement factory located in Brevik.A final investment decision on the Northern Lights project is due to be taken next year. The Northern Lights project is a proposed CCS project in the Norwegian waters of the North Sealast_img read more

OnTheMarket to have 17,200 branches listing by 2021, claims City broker

first_imgHome » News » Marketing » OnTheMarket to have 17,200 branches listing by 2021, claims City broker previous nextMarketingOnTheMarket to have 17,200 branches listing by 2021, claims City brokerBriefing document makes claim as portal’s CEO claims it has been instrumental in reducing Rightmove’s average number of leads generated per branch.Nigel Lewis5th March 201901,019 Views OnTheMarket is expecting to have 17,200 estate agent branches listing on its platform in three years’ time, a briefing document from its City broker has revealed, 5,000 more than it does today.Zeus Capital’s projections for the business reveal that if OTM can convert its  ‘introductory offer’ customers into fee paying ones then it will earn £388 a month on average from each agent by 2021.This will generate £64 million in revenue for the portal from estate agent listings and an overall profit after tax of £27.4 million.The prediction coincides with an assault on Rightmove by Ian Springett, CEO of OTM (below), who claims his portal’s marketing and agent recruitment efforts have helped bring about a small decline in Rightmove agent numbers.In a letter to OTM member agents seen by The Negotiator, Springett highlights his rival’s recent annual results, claiming that “we have already disrupted the duopoly of Rightmove and Zoopla and believe we are reaching a crunch point for agents.”Rightmove results last week revealed that the number of leads it generates for agents had dropped, down from 210 leads per advertiser per month in 2015 to 171 in 2018.“Although NAEA Propertymark is reporting an overall downturn in buyer enquiries in January, we believe that the fall in Rightmove’s lead generation may also result from the substantial growth in leads delivered by OnTheMarket,” says Ian Springett.Rightmove’s figures also reveal that the number of agents listing with the portal declined last year by nearly 300. Ian Springett Rightmove OnTheMarket OTM March 5, 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 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 2021last_img read more