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Excelerate gets regulatory nod for Luzon LNG project in Philippines

first_img Image: The Luzon LNG project is a proposed floating LNG import terminal in the Bay of Batangas. Photo: courtesy of Carlo San/Freeimages.com. Excelerate Energy has been given a notice from The Philippines’ Department of Energy (DOE) to move ahead with the Luzon LNG project, a floating liquefied natural gas (LNG) import terminal in the Bay of Batangas.The Luzon LNG project will supply natural gas, sourced from LNG, to existing and new gas-fired power plants serving the Luzon island, which includes the area of Metro Manila.Luzon LNG project to augment existing gas production from Malampaya fieldsAccording to Excelerate, the rich and secure source of gas supply will augment the current gas production from the domestic Malampaya fields as reserves from the fields are starting to deplete.Excelerate chief commercial officer Daniel Bustos said: “We are pleased to have received this significant approval from the Government of the Philippines in supporting the country’s long-term energy objectives – this is an important milestone to move the project forward.“We look forward to working with the government and private sector for the successful completion of the project that will enable Excelerate to invest in critical infrastructure allowing the country to continue on its current path of tremendous economic growth.”The Luzon LNG project will be constructed offshore Batangas to minimise the impact to the existing shipping traffic in the region and coastline. The proposed LNG import terminal will use Excelerate’s offshore technology, which is said to be designed specifically to operate in extreme weather conditions, like those of the Philippines.Excelerate said that the Luzon LNG project will combine all the necessary elements to address the region’s natural gas requirements. Included in these are a fully-integrated turnkey floating LNG terminal, arrangement of the necessary supply of LNG, and distribution of natural gas to end-users in the Luzon region.The US-based floating LNG regasification solutions provider will develop, design, permit, construct, finance, and also operate the Luzon LNG terminal.With the NTP in place, Excelerate plans to pursue the required permits and also the financing needed for the floating LNG project in the Philippines.Last year, Excelerate commissioned the Moheshkhali Floating LNG terminal – Bangladesh’s first ever liquefied natural gas (LNG) import facility, located offshore Moheshkhali Island in the Bay of Bengal. The Luzon LNG project is a proposed floating LNG import terminal, which will provide natural gas to gas-fired power plants serving the Luzon islandlast_img read more

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Canada: Arnomendi Sets Sail for 2013 NAFO Campaign

first_img View post tag: NAFO View post tag: Defence View post tag: 2013 Spanish offshore patrol boat Arnomendi has set sail from Cartagena towards Newfoundland waters (Canada) to participate in the 2013 protection campaign of NAFO fishing grounds.Spain participates in this seasonal campaign providing naval assets to the European Union to perform monitoring and surveillance tasks of the trawlers fishing in the area.Arnomendi will integrate into the NAFO campaign for 42 days starting on September 3rd. After the two-month deployment, the patrol boat will return to her home port in Cartagena on October 24th.With a crew of 38 people plus a medical doctor, the patrol boat ‘Arnomendi’ belongs to the Maritime Action Force with home base in Cartagena (Murcia). For this specific campaign, NAFO inspectors and EFCA (European Fisheries Control Agency) coordinators will also embark in two scheduled rotations.[mappress]Press Release, August 26, 2013; Image: Spanish Navy Share this article August 26, 2013 View post tag: sail Back to overview,Home naval-today Canada: Arnomendi Sets Sail for 2013 NAFO Campaign View post tag: Defensecenter_img View post tag: Campaign View post tag: News by topic View post tag: Navy View post tag: sets View post tag: Arnomendi Canada: Arnomendi Sets Sail for 2013 NAFO Campaign View post tag: Navallast_img read more

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Juneteenth Holiday Drive to Help Less Fortunate

first_imgBrittany Battle, right, wants to help people in her hometown of Ocean City. For a second year in a row, she is collecting donations for those in need. (Photos courtesy of Brittany Battle) By Maddy VitaleAny of us could fall on hard times. Brittany Battle, who grew up in Ocean City, recognizes that, and for a second year in a row, she has called upon the community to help people out, especially around the holidays.Battle, along with her sister and two of her friends who are fellow Ocean City High School graduates, are hosting the Second Annual Ocean City Juneteenth Holiday Drive and Day of Service on Saturday.The event will be held from 10 a.m. to 1:30 p.m. at the 7th Street Recreation Center in Ocean City.Baggies of toiletries will be packed up and distributed to homeless shelters.Battle, who now lives in Highland Park, her sister, Coryn Graves, of Pleasantville, and their friends Takiya Wilson, of Egg Harbor Township, and Josh Baker, of Elmwood Park, along with other volunteers, will be collecting items to be donated to local homeless shelters, including travel-size toiletries to make care bags.Despite only being in its second year, the event has already attracted a lot of community support, Battle said.“It’s really a privilege to be able to put together this drive and day of service as an organization,” she said. “To see the community come together, people from all walks of life and backgrounds, bringing donations and contributing in some way, is really a beautiful thing.”She said that even children are joining in the holiday drive to help those in need.“Getting the kids involved and teaching them early that service and community uplift is really special,” Battle added.Donations accepted at the holiday drive include, toiletries, socks, coats, hats, gloves, scarves, cleaning supplies, canned goods, diapers, paper products and travel-size soaps, toothpastes and other necessities.Clothing and other necessities are also being requested for donations,Travel-size bags are ideal because they are easier for people to carry around, especially if they don’t have stable housing, Battle explained.Battle, who is studying for a doctorate in social work at Rutgers University, said remembering those less fortunate is vital to the strength of a community.“It is so important to be able to care for and show empathy and respect for those in our community who might be facing struggles or a difficult time,” she said.For the last month or so, Battle and her group of volunteers have worked hard to put together the baggies of donated items, Battle said.This year they hope the holiday drive is even bigger than the first.Judging by the support of Ocean City, Battle said, she feels assured it will be.What makes the event successful is the support of the community, and others who have worked together to make it possible, Battle said.“Our family and workplaces have contributed a great deal. My colleagues at Rutgers always come through with lots of donations of travel-size toiletries because we do so much traveling for conferences,” Battle noted. “Takiya (Wilson) gets a lot of support from her colleagues at the Atlantic City Board of Education and my sister cuts coupons so she always helps with lots of items.”After the drive, Battle and the other volunteers will separate the items and take them to the Atlantic City Rescue Mission and to Turning Point Day Care Center in Atlantic City. Extra clothing and toiletries will be taken to C.A.R.A. (Coalition Against Rape and Abuse) located in Cape May Court House.For more information or to make arrangements to drop off donations, call Takiya Wilson at 609-992-1909 or Brittany Battle at 609-464-1747.last_img read more

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In Short

first_img== SAMB joins network ==The Scottish Association of Master Bakers has joined the National Skills Academy’s (NSA’s) Network of Excellence for Bakery. Coventry University’s training business Acua, Westminster Kingsway College and Barnsley College have also become accredited NSA members.== Coffee Republic dea ==lAs British Baker was going to press the administrators of Coffee Republic, KPMG, announced it had agreed a deal with Arab Investments for the UK coffee chain. A spokesperson for KPMG said that contracts were due to be exchanged on Wednesday, 28 July. For the latest on this story go to bakeryinfo.co.uk.== RGFC sees stability ==The Real Good Food Company, supplier of sugars and bakery ingredients and a manufacturer of bakery products, announced it has noticed “some stability returning to the markets” in which it operates. In a trading update, the company also said the merger of its sugar and bakery businesses to form renshawnapier had gone well.== Cancer prevention ==A report in The Daily Mail said scientists have discovered that regular consumption of bread, and particularly bread crusts, could help prevent bowel cancer. The chemical reaction that produces the crust during baking also triggers the release of cancer-preventing antioxidants called pronyl-lysine.== High street vacancies ==Research from the British Retail Consortium (BRC) has found that 12% of town centre shops are now vacant, three times more than last autumn, as the recession accelerates decline on the high street. A 20-point plan for securing the long-term future of town centre retailing has been drawn up by the BRC.last_img read more

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Watch Prince, Jimmy Fallon, Bill Murray, And More Perform ‘Let’s Go Crazy’ At SNL Afterparty

first_imgIn February of 2015, Prince crashed SNL’s 40th anniversary afterparty. There were no plans for him to perform that night, though, until Jimmy Fallon reportedly dared him to. “All of a sudden, the crowd parts and there’s purple smoke and the dude, just floating towards the stage,” the television host remembers.As Prince made it to the stage, he pronounces, “Dearly inebriated,” before going right into “Let’s Go Crazy.” Immediately, celebrity performers, including Fallon, Chris Rock, Bill Murray, Martin Short, Emma Stone, members of HAIM, and Maya Rudolph (who fronts the tribute band, Princess) rushed to the stage to perform beside the Purple One.While this incredibly musical happening has only been seen through a few fort clips on the Instagram, former SNL cast member Tim Kazurinsky has finally shared the full performance. You can watch it below:Fallon recounts the evening on the next day’s episode. You can watch it below:Tonight, SNL will honor Prince with a 90-minute special, entitled “Goodnight Sweet Prince,” which will feature various clips from his many appearance on the television show over the years.[H/T CoS]last_img read more

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Foundation applicants needed

first_img Foundation applicants needed The Board of Governors is seeking applicants for the following vacancy to be filled during its August 26 meeting: Florida Bar Foundation Board of Directors: Commencing immediately, one lawyer to serve remainder of a three-year term, ending June 30, 2006, on this 29-member board of directors which administers Florida’s IOTA program. Directors shall be members of the Foundation during their term(s) as directors.Persons interested in applying for this vacancy may download and complete the application online from the Bar’s Web site, floridabar.org, or may call Bar headquarters at (850) 561-5600, ext. 5757, to obtain an application form. Completed applications must be submitted to the Executive Director, The Florida Bar, 651 East Jefferson Street, Tallahassee 32399-2300 no later than close of business, Friday, August 5. Resumes will not be accepted in lieu of an application. Foundation applicants needed August 1, 2005 Regular Newslast_img read more

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How the Foundation’s recent rebrand can transform credit unions with Director Gigi Hyland

first_imgby: Mike LawsonSay good-bye to the National Credit Union Foundation and say hello to the Foundation. Yes, the credit union’s philanthropic arm has made a few changes as of late — most apparent has been its website, logo, and name. No longer is NCUF referred to as “NCUF” (too many acronyms in this industry); it is now referred to, and aptly so, as the Foundation.We invited the Foundation’s Director Gigi Hyland on the program to get to the bottom of all these changes and how she sees it benefiting the organization and ultimately the industry. Believe me, only good can come from this, as the rebranding effort (still in phase 1) has a ton of strategic thought behind it. It’s just not an elegant and contemporary new look; it’s a new way of thinking — and Gigi tells us why.We also discuss some of the Foundation’s upcoming initiatives namely the 27th annual National Credit Union Foundation Dinner Presenting the Herb Wegner Memorial Awards (get your tickets!), Biz Kid$ financial education grants, Development Education Training to earn your CUDE, and lots more. So enjoy this episode as Gigi Hyland delivers once again with some bold moves to benefit the industry. Check it out!Visit:www.ncuf.coopFoundation’s Wegner Dinner tickets continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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Mobile app monitors cash flow

first_imgMembers have embraced Coastal Federal Credit Union’s mobile platform.by: Karen BankstonMembers using the mobile app from Coastal Federal Credit Union can manage their accounts, make remote deposits, and even monitor their cash flow with a “snapshot” of money going in and out of their accounts.The cash flow feature functions like a simple “personal balance sheet,” notes Joe Mecca, marketing/advertising manager for Coastal FCU, Raleigh, N.C., with $2.4 billion and 199,000 members. It resets monthly, calculating total deposits minus total withdrawals in all checking and savings accounts, which offers a quick view for members to monitor their personal finances.Members have embraced Coastal FCU’s mobile platform, offered through NCR, making it the second most popular channel after online banking, with more mobile contacts than branch and ATM sessions combined, Mecca reports. The credit union offers Apple and Android apps, a mobile Web interface, and text banking options.Of its 104,000 members enrolled in online banking, 28,000, or 26 percent, are also active mobile users. continue reading » 6SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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What the public gets wrong about credit unions matters

first_imgWhat you don’t know about how the public perceives credit unions may come back to bite you.That’s because the public believes a lot of false facts about credit unions.And that just may be costing you members.Here’s the reality: just about every credit union leader believes he/she knows what people think about credit unions.But check to see if you have this right.We have the facts at hand. Big New Jersey credit union Affinity recently retained the respected Harris pollsters to survey public beliefs about credit unions, and it has shared the findings.Affinity headlined its release on the poll results this way: “New Study Reveals: Misconceptions About Credit Union Membership.”The takeaway: many Americans just don’t understand credit unions.Harris found that only 16% of U.S. adults use a credit union as their primary financial institution. That means five in six do not.Some 30% of us say credit unions are hard to join.Nearly 50% of us think banks offer more products than credit unions.55% believe credit unions don’t have mobile apps.Nearly 60% think credit unions don’t offer mortgages.Blunt question: whose fault is it that so many of us believe untruths about credit unions?The truth is that many, many credit unions—particularly the bigger institutions—have backdoors into membership. Credit unions also have broadly defined fields of membership. Live anywhere in Arizona and be over 55, and you can join Arizona Central Credit Union, which this writer has, in fact, done. I also get in for belonging to a church (Catholics, Baptists, and LDS qualify). There are many more ways to get in and, nowadays, that’s become the norm. For what it’s worth, I’m also an Affinity member, a status I won by making a nominal contribution to a charity.This false belief—that credit unions are tough to join—is probably the most harmful. But it’s just one of many misconceptions.Often, credit unions—particularly larger ones—match banks product-for-product. Affinity, for instance, offers mortgages, car loans, mobile banking, and biometric log-ins—pretty much all the tools at banks.That message just is not well understood.That’s why Affinity shared this research:  “This research confirmed for us that the industry as a whole has more work to do in educating the consumers on the products and services uniquely offered by credit unions,” said Kevin Brauer, Affinity’s CFO.Read that again: credit unions have a job to do in getting out their word.As for what credit unions should do differently, Brauer said: “It’s not so much a matter of doing things differently, rather it’s more about educating the public to what we’re already doing. For example, according to our poll, nearly 50% of Americans believe banks offer more than credit unions, when in fact, we offer not only the same, and often times better, products and services. We need to help consumers understand those offerings and see them as viable options over the course of their personal finance journeys.”Brauer added his take on what credit unions should do to better educate the public:  “This should truly begin at the local level, with individual credit unions educating their current members and those in their area on not only their services but what it means to be part of a cooperative structure.”Another viewpoint came from Preston Packer, director of sales and marketing at FLEX, a core system developer. “I’m not surprised there are misconceptions. Somebody’s not doing their job.”Packer added: “Marketing inside credit unions is almost nonexistent. Some do it very well.Most struggle.”As for who has the job of getting out the word about credit unions, Packer said: “Individual credit unions have the responsibility. They have to do a better job.”Kirk Drake, the author of CU 2.0, pointed to a telling factoid that underlines how credit unions have stumbled in getting out the facts: “Despite better service, better rates, more convenience (i.e. atms/shared branching) and better trust – we have only gained marginal market share since 2008…which is terrible given we should be having a field day against the likes of BofA, Wells Fargo, etc.”Drake, too, thinks that the job of communicating the facts of the credit union story come down to the individual credit union.Ask yourself this: are you telling prospective members about your credit union difference?The reality is you cannot rely on the trade associations, or on the leagues, to tell your story. They may help, and that’s appreciated. But what will change public perception of your credit union is telling your story.Make that a top-priority job. And the next time there’s a poll, we just may see more encouraging—informed—public opinions about credit unions. 70SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Robert McGarvey A blogger and speaker, Robert McGarvey is a longtime journalist who has covered credit unions extensively, notably for Credit Union Times as well as the New York Times and TheStreet, … Web: www.mcgarvey.net Detailslast_img read more

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Calabria confirmed as FHFA director

first_imgFHFA The Senate today confirmed Dr. Mark Calabria to be director of the Federal Housing Finance Agency (FHFA). NAFCU has met with Calabria several timesand NAFCU President and CEO Dan Berger offered his congratulations to Calabria on his confirmation.“Dr. Calabria has a strong understanding of credit unions’ needs in housing finance reform and NAFCU looks forward to continuing to work with him as he leads the FHFA,” Berger said. “Our nation’s housing finance system is in need of reform and we are confident Dr. Calabria has the necessary expertise and relationships to coordinate these efforts between the numerous stakeholders.”Calabria previously served as chief economist for Vice President Mike Pence; he will replace acting FHFA Director Joseph Otting, with whom NAFCU has also met and shared its housing finance reform principles. NAFCU supported Calabria’s nomination as FHFA director, noting his “unique combination of policy, regulatory and housing expertise.” ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrcenter_img continue reading »last_img read more

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