Oil production in Libya set to resume as military blockades are lifted

first_imgMonths of civil unrest have slowed oil production in Libya to a crawl, costing the almost $10bn in lost revenues according to the National Oil Corporation Much uncertainty remainsMuch depends on the stability of the truce between the Libyan government and LNA leadership. A short-lived easing of tensions over the summer failed to deliver a material boost to activity, other than a shipment from storage tanks at the port of Es Sider.Oil revenues have become the key point of contention in Libya’s civil conflict, with Haftar demanding a greater share of the profits for the east of the country, away from the capital Tripoli where they are currently controlled by the government and central bank.The opposition leader has made lifting the military blockades contingent on “a fair distribution of revenues”.The prospect of new oil production flowing from Libyan wells comes at a time when a spike in global coronavirus cases, and stricter lockdowns in response, has stalled the oil market’s recovery from the depths of a second-quarter period in which prices plunged to record lows and inventories brimmed close to full capacity.Measures taken by Opec+ members and other key oil producers, particularly in the US and Canada, to cut global production went some way to alleviating the pressure, with Brent crude prices recovering to around $40 per barrel – around double their lowest levels reached back in April.The recent resurgence of the pandemic has added new uncertainty to the outlook for global oil markets, with Opec so far guarded on what its response will be to the new wave of cases. An increase in Libyan oil exports comes at a time when global markets are battling historic levels of low demand Oil production in Libya – which has ground to a standstill since the start of the year due to civil war – is poised to ramp up next week, as oilfields and terminals come back online.The resumption of activity at the Zueitina Port and connected oilfields could see an initial production increase of around 260,000 barrels per day (bpd) ready for export to international markets, according to the state-run National Oil Corporation (NOC).But with an already-saturated global marketplace contending with lost demand forced by coronavirus lockdowns, the addition of extra barrels might not be a welcome one for companies and oil-producing nations already struggling to adjust to low commodity prices.Libya – which holds Africa’s largest oil reserves – was producing upwards of 1.1 million bpd at the start of 2020, but a series of blockades at key drilling sites and infrastructure has since seen that figure fall to around 100,000 bpd.According to the NOC, the oil blockades have cost the Libyan economy almost $10bn in lost revenues since they started in January.center_img Libya oil production to resume following security assessmentsA recent thawing of tensions between the rival groups in the domestic conflict – the incumbent administration of Prime Minister Fayez al-Serraj and the Libyan National Army (LNA) led by Khalifa Haftar – has allowed NOC to begin planning for a return to business.The state oil company announced it is lifting a “force majeure” on operations, following two days of “security assessments” at the Zueitina port and Zueitina Oil Company’s fields.“The assessment was positive and it concluded that there is a significant improvement in the security situation that allows the National Oil Corporation to resume production and exports to global markets,” it added in a statement.The ports of Hariga and Brega have also been classified as safe ports, while remaining oilfields and export terminals are being “evaluated according to the safety and security standards in force in the national oil sector”.That means two of the country’s biggest oilfields – El Sharara and El Feel in the south, which have a combined production capacity of 370,000 bpd – remain offline for now.According to Reuters news agency, Goldman Sachs analysts estimate Libya’s national oil production could grow by 400,000 bpd by December, with “both logistical and political risks to a fast and sustainable increase in production”.Bloomberg Intelligence suggests the figure could be closer to one million bpd.last_img read more

Hoboken mayoral hopeful announces slate for council

first_imgHOBOKEN — On Friday Council President Jen Giattino announced her ticket for council people at large. The mayor and three council-at-large seats are up for election in November.“They share my vision for Hoboken and know that this race is all about serving Hoboken and connecting our community: James Aibel, Sal Starace and Jason Ellis,” states Giattino in an email blast from her campaign.Aibel is a 40-year Hoboken resident and current chairman of the Hoboken Zoning Board of Adjustment. He has served on the board for about eight years.“He serves our community well in this role by enforcing our zoning code and holding firm against unplanned, ad hoc development that is inconsistent with our Master Plan and/or risks overburdening our city’s infrastructure,” the email states. “He is passionate about land use and wants to ensure we create a robust, strategic plan that makes sense for Hoboken and update our zoning code to more effectively manage our growth.”Starace is a 14-year Hoboken resident and father of three.According to the email, he is a career construction union representative “and knows what it is like to represent the interests of large, diverse groups of people and work collaboratively and sometimes have difficult conversations in order to come to the best outcomes for those he represents.”Ellis, a 10-year Hoboken resident, has two children who attend Wallace Elementary School.“He is a finance professional by day and will be focused on making sure we keep taxes stable, build out and maintain our parks and open space, and get the most for Hoboken out of each development that gets built in Hoboken,” Giattino says in the email. ×last_img read more

Indiana Back On Track Stage 2 Guidelines In Effect

first_imgCoronavirusIndianaLocalNews Indiana Back On Track Stage 2 Guidelines In Effect Pinterest (Photo supplied/State Of Indiana) Most of Indiana will take initial steps out of lockdown beginning Monday, May 4, as Governor Holcomb ends a six-week stay-home order, and allowing stores, factories and libraries to reopen.(Photo supplied/State of Indiana)On Monday, May 11, restaurants can resume dine-in service, and barbers and hairdressers can reopen. But the restrictions aren’t being lifted completely. Stores and restaurants will have to limit customers to half capacity, and you’re encouraged to wear a mask if you go out. All other mass gatherings are limited to 25 people. For additional information, visit backontrack.in.gov.In addition to the Governor’s plan, St. Joseph County Health officials have ordered face mask requirements for people entering enclosed public spaces and hand sanitizer requirements for businesses:  The orders take effect at midnight on Tuesday, May 5 and will be in effect until at least July 4:As the St. Joseph County Public Health Authority, pursuant to the authority granted by lndiana Codes 16- 2O-1 et seq. and 16-41-9 et seq., in the interest of protecting all St. Joseph County residents, and reducing the spread of communicable disease, specifically the novel Coronavirus (COVID-19), I order the following to take effect throughout St. Joseph County, lndiana, beginning on May 4,2020 at 11:59 p.m. and to be in effect untilJuly 4, 2020.Locally, our data and public health indicators suggest on-going community transmission of SARS-CoV-2, the virus that causes the disease referred to as COVID 19. The intent of this Health Order is to protect the health and safety of the residents of SJC from the morbidity and mortality caused by SARS-CoV-2. lt is anticipated that this order will remain in effect until such time as the level of immunity within the population is estimated to reach 70% of the population as determined by serological testing of a representative sample of the population of the county.The following is hereby ordered to be in effect:Any business establishment open to customers shall make alcohol-based hand sanitizer that contains at least 60% alcohol readily accessible at the entrance and in proximity to hightouch surfaces.A face covering over one’s nose and mouth shall be required for any persons entering an enclosed public space or place of business, unless such persons have a medical exception indicating that a face covering is ill-advised for health reasons, or the face covering prevents the persons from delivering or receiving services. The face covering shall be worn at all times when physical distancing of at least six feet cannot be maintained. Facebook Twitter Facebook By 95.3 MNC – May 1, 2020 0 1349 Previous articleGovernor Holcomb says Indiana is ready to “move ahead”Next articleUnauthorized coronavirus tests seized in Indianapolis 95.3 MNCNews/Talk 95.3 Michiana’s News Channel is your breaking news and weather station for northern Indiana and southwestern Michigan. WhatsApp Twitter Pinterest WhatsApp Google+ Google+last_img read more

Bayh speaks about government, common good

first_imgFormer U.S senator and governor of Indiana Evan Bayh, who was recently in New Zealand when an earthquake hit, said while the past few days have been traumatic, they have taught him how interrelated nations have become. “I feel like my last 48 hours have been an example of globalization,” he said. Bayh spoke about the role of the government in promoting the common good in an increasingly interconnected world, and the future of the American economy at the Notre Dame Forum Thursday. Bayh said though he hasn’t had time to reflect on the events, he did realize how heroic the U.S. government was in the face of disaster. “They stayed up throughout the night looking for Americans, trying to find tourists that were there, trying to get them out of the country,” he said. Bayh stressed the randomness of life and the necessity of preparing ourselves for adversity, as well as the importance of realizing the physical things are not important. “Your friends, your family, the relationships you forge,” he said. “That really is the stuff that makes life worth living.” Bayh moved on to discuss the responsibility of public figures to promote the common good in today’s complex world. The United States was founded on the beliefs of individual liberty, Bayh said, but in order to make the most of these freedoms, a sense of unification needed to emerge. He said he decided not to run for re-election in 2010 because partisanship has become too prominent in government. “I hope we focus on the fact that we’re Americans first and not Republicans or Democrats first,” he said. Bayh believes there are two factors that make an economy competitive in today’s world. One important facet Bayh noted was investment in research and developing and creating new commodities, such as new cures for disease and new ways of communication. Bayh said though the United States leads the world in the amount of money it invests in research and development, progress is flat while that of other countries is ascending. The second necessary feature is a high degree of education among the nation’s citizens. “We need to make sure our citizens can take advantage of the fruits of innovation by being innovators themselves,” Bayh said. The gap in standard of living between well-educated citizens and those without any education is growing, he said. This needs to be addressed before it has extreme an economic and political impact on society. “All of us need to know more about what’s going on to make informed decisions about who’s going to lead us,” he said. Bayh said the growing globalization of the economy raised questions for the role of the government. For example, Bayh cited Sept. 11 as an example between the great debate over personal liberties versus the need of government observation for safety reasons. “There really are no limits there because [the terrorists] are suicidal,” he said. “This changed the whole notion of our self-defense.” With enemies such as these, Bayh said the government needed to take extra precautions such as eavesdropping and surveillance, raising the question of how much is appropriate and how much is not. “If you get it wrong on one hand, you’ve trampled on our civil liberties, which goes right to the core of who we are,” he said. “If you get it wrong on the other hand, people die, which may be the greatest destruction of civil liberties.” With global threats to the people’s liberties, Bayh said the government must act in a way that keeps the nation safe but at the same time maintains the common good. “We have to be secure, but at the same time true to our values,” he said. Bayh said in spite of these issues, he was optimistic about the future of America as a strong force in the global economy. Europe is aging and in debt, he said, and while the Indian subcontinent is innovative, its large, poor population is a weakness. China, the last major competitor, has a quickly growing economy and a surplus of financial resources. However, Bayh said the country does not have a political system to absorb its population. He believes America will be the strongest contender in the global economy. “Look at the innate dynamism, the ingenuity and when the chips are down, the goodness of the American people,” Bayh said. “I just think we’re going to succeed.”last_img read more

Festival promotes diversity through foreign films

first_imgCinema from all over the world came to Saint Mary’s on Monday at its annual World Cinema Festival.The Center for Women’s Intercultural Leadership (CWIL) puts on the festival, which screens an international film each night of the festival’s run. The World Cinema continues through Thursday.“It’s just another one of our initiatives for internationalization on campus, bringing the world to Saint Mary’s and to the community,” Mana Derakhshani, director of CWIL, said. “We have people from the South Bend community who come.”CWIL hosts the festival because it furthers their mission, Julie Storme, World Cinema Festival organizer and associate director of CWIL, said.“That’s what CWIL is about,” Storme said. “It’s about intercultural women’s leadership, so it’s very much in the spirit of our office.”The process for selecting the four films involves taking into account several factors of both the production and subject matter of the film, Storme said.“We try to look for fairly recent films by women directors and/or a film focused on an issue of particular interest to women,” she said. “We don’t always find four films that fit into the category because we also try to distribute them in different regions around the world, and we try to vary them each year.”In selecting Monday’s film, “Nora’s Will”, Storme said she decided she wanted to include a Mexican film because the festival had never featured one before.“I was committed to getting a Mexican film this year,” Storme said.“Nora’s Will” is not only a Mexican film, but also touches on themes that are not traditionally thought of, Storme said. “It’s just a great film by a woman director,” Storme said. “It also is focused on a Jewish family in Mexico, and most people do not think about Jewish traditions in Mexico so that seemed like a good way to expand people’s horizons.”Tuesday’s film, “Hannah Arendt,”was chosen because the director, Margarethe Von Trotta, has visited Saint Mary’s in the past, Storme said.“[Trotta] was here last year, so we thought it would be appropriate to show one of her films,” Storme said. “It’s a very powerful film, about both a very important woman thinker.”The films to be screened on Wednesday and Thursday are “Desert Flower” and “Wolf Totem,” respectively. “[Students should go] to learn how life is different in other places, to learn about what the world thinks about things and issues that they might not know about,” Storme said. “Also at a women’s college, to appreciate the contribution that women have made to cinema in the world.”Storme said the World Cinema Festival allows for a widening of cultural knowledge.“We live in a world where we come in increasing contact with one another, [and] I feel it is our responsibility to know about the world,” Storme said.Tags: Cinema, International, Movies, Saint Mary’s World Cinema Festivallast_img read more

National Park Service Is Modifying Operations to Implement Latest Health Guidance

first_imgWASHINGTON – The National Park Service (NPS) is taking extraordinary steps to implement the latest guidance from the White House, Centers for Disease Control & Prevention (CDC), and local and state authorities to promote social distancing. The NPS is modifying operations until further notice for facilities and programs that cannot adhere to this guidance. Where it is possible to adhere to this guidance, outdoor spaces will remain open to the public.  “The NPS is working with federal, state, and local authorities, while we as a nation respond to this public health challenge,” NPS Deputy Director David Vela said. “Park superintendents are assessing their operations now to determine how best to protect the people and their parks going forward.”    www.nps.gov About the National Park Service. More than 20,000 National Park Service employees care for America’s 419 national parks and work with communities across the nation to help preserve local history and create close-to-home recreational opportunities. Learn more at www.nps.gov, and on Facebook, Instagram, Twitter, and YouTube. The NPS urges visitors to do their part when visiting a park and to follow CDC guidance to prevent the spread of infectious diseases by maintaining a safe distance between yourself and other groups; washing your hands often with soap and water for at least 20 seconds; avoiding touching your eyes, nose, and mouth; covering your mouth and nose when you cough or sneeze; and most importantly, staying home if you feel sick.  center_img Updates about the NPS response to the coronavirus will be posted on www.nps.gov/coronavirus. Please check with individual parks for specific details about park operations.    “The health and safety of our visitors, employees, volunteers, and partners is the priority of the National Park Service,” Secretary of the Interior David Bernhardt said. “Park superintendents are empowered to modify their operations, including closing facilities and cancelling programs, to address the spread of the coronavirus.”  For high-risk populations, such as the elderly and people with underlying conditions, we ask that they take extra caution and follow CDC guidance for those at higher risk of serious illness.  last_img read more

McGrane addresses FAMU law’s incoming class

first_img September 1, 2003 Managing Editor Regular News McGrane addresses FAMU law’s incoming class McGrane addresses FAMU law’s incoming classcenter_img Mark D. Killian Managing EditorStudents at the reconstituted Florida A&M University College of Law can distinguish themselves by beginning now to take an active role in the civic and charitable life of their communities, according to Bar President Miles McGrane.“It is my belief that the commitment to pro bono service must start in the law school and continue throughout your career,” McGrane told the latest class of FAMU law students at its recent first-year student orientation program in Orlando. “I have been told by Dean [Percy] Luney that this school will have a strong mandatory clinical program through which it will give back to the community several million dollars in legal services each year. If you were a lawyer, we would call that pro bono service.”McGrane said this year The Florida Bar is focused on the legal needs of children and invited the students in the first year class to “join with us, once you have made your grades, in this commitment.”McGrane said he suspects many of the students have been looking forward to this day with a mixture of excitement and nerves.“Here you are, a collection of brilliant, accomplished men and women posed to begin what will be one of the great adventures of your lives,” McGrane said. “In time, you will make a collective contribution to this school and from your individual talents and dreams you will compose a group portrait of sorts. That portrait will join the gallery of portraits of those who have preceeded you.”McGrane encouraged the students to explore opportunities provided by the Florida Law Related Education Association as a starting point for those interested in promoting public education of the nation’s laws and legal system to today’s youth. [www.flrea.org]“I also believe strongly that as law students, you can be a great example to children, and you should also consider non-legal volunteer opportunities where you can be an advocate or mentor to kids,” McGrane said.The Florida Bar works closely with Florida Legal Services, the Florida Pro Bono Coordinators Association, and local bar associations throughout the state, McGrane said, encouraging the students to seek volunteer service through those organizations either in Orlando or in their home communities.McGrane noted that in 1949, a division of law was established at Florida A&M and the first law class was admitted in 1951. The original FAMU College of Law came about as the result of the Florida state university system’s attempt to halt school integration. In 1949, Virgil Darnell Hawkins, a black school teacher from Daytona Beach, was denied admission to the University of Florida College of Law in Gainesville because of his race, he said. The ensuing chain of events led to the opening of Florida’s first black school of law.Between 1954 and 1968, the law school graduated 57 men and women, many of whom went on to make significant contributions to the legal profession, both within the state and throughout the nation. But in 1966, the Florida Board of Control (later known as the Board of Regents) withdrew its permission for the institution to admit law students, and two years later, the law school graduated its last class and closed its doors.The 2000 Florida Legislature, however, unanimously passed legislation establishing a law school at Florida A&M University and the first class was admitted in the fall of 2002.“Like the legendary phoenix, FAMU has risen from the ashes to live again,” McGrane said. “My friends, today is a great day to be a Florida lawyer. I am proud to be one and – very soon – you will be, too.”last_img read more

Fitbit hopes to help consumers shape up their digital wallets

first_imgFitbit devices are known for being easy-to-use fitness products, but now the company is branching out. Fitbit recently announced its purchase of financial technology and electronics company Coin.By acquiring Coin, Fitbit has positioned itself on the road to launching its own mobile payments technology next year. Wearable payments technology, that is.Although Coin’s current Coin 2.0 product—a single smart card designed to replace a consumer’s numerous credit and debit cards—may have been enticing, it was not Fitbit’s primary motivator for the acquisition. Rather, Fitbit’s interest involved Coin’s near field communication (NFC) technology. Fitbit says it will use the acquired technology to incorporate NFC payments into future devices.In many ways, it makes sense to envision Fitbit trackers as mobile wallets, since smartwatches already do this. However, Fitbit’s popularity could give wearables with mobile payments a shot in the arm. continue reading » 37SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Sofia Richie’s New Boyfriend Matthew Morton ‘Likes Her a Lot’

first_imgThe 22-year-old model was previously in a long-term relationship with Scott Disick. The former couple were first linked in 2017 before calling it quits in May after nearly three years of dating. While they reconciled two months later, they split again in August.Disick, 37, has also moved on from his romance with Richie. In October, the Talentless founder stepped out for a dinner date with model Bella Banos, whom he was previously linked to in 2017. He was then spotted leaving the Kimpton La Peer Hotel in West Hollywood with model Megan Blake Irwin. On Halloween, he hit up a party with Lisa Rinna’s 19-year-old daughter, Amelia Gray Hamlin.- Advertisement – Disick shares children Mason, 10, Penelope, 8, and Reign, 5, with ex Kourtney Kardashian, whom he dated on and off from 2006 to 2015. The exes have also spent time together since his split with Richie, most recently during Kim Kardashian’s 40th birthday party on a private tropical island.During Disick and Richie’s relationship, it became “more apparent that his family [with Kourtney] was more of a priority than she was,” a source told Us. The insider added that the Flip It Like Disick star is “always going to be in love” with the 41-year-old Poosh founder.Listen to Us Weekly’s Hot Hollywood as each week the editors of Us break down the hottest entertainment news stories! Going Strong! Sofia Richie’s new beau, Matthew Morton, is very much invested in their relationship.“Matt grew up with an insane amount of wealth, but always remained grounded. He is a hard worker and wants to prove himself to his dad [Hard Rock Cafe cofounder Peter Morton],” a source tells Us Weekly exclusively. “He used to be somewhat of a player and has always surrounded himself with very pretty girls and dated pretty girls. But he’s calmed down a lot and likes Sofia a lot.”Sofia Richie’s New Man Matthew Morton Likes Her a Lot 1Sofia Richie and Matthew Morton Paul Zimmerman/Shutterstock; Inset: Courtesy of HurdlePodcast/Instagram- Advertisement – Us broke the news of Richie’s new relationship with Morton on October 19. Two days earlier, the duo fueled dating rumors after being spotted grabbing dinner at Nobu in Malibu.“They’re trying not to make a big deal about their relationship or about how serious it is,” an insider told Us at the time. “But they are definitely seeing each other.”Shortly after their romance was confirmed, a source revealed to Us that Morton, 27, is “really excited” about the pair’s blossoming romance. “They both run in the same circle and have known each other. So, it’s easy and fun for both of them,” the insider shared. “Sofia’s family approves of him, which is super nice for her.”- Advertisement – – Advertisement –last_img read more

Sanja Buterin appointed President of the Management Board of Kompas dd

first_imgAt the end of April, the process of taking over 86% of the total share in the joint stock company Kompas dd from Zagreb was completed, which made the company Inspire Investments doo the majority owner of this travel agency Kompas dd on behalf of the Inspire Fusion Fund.By taking over one of the leading domestic tourist agencies, Kompas dd, Inspire Investnents continues the announced investments in the tourism sector. With the earlier takeover of FLEET rent a car, and future investments in the most potent economic sector, the construction of a new, strong grouping entity will begin, which will further improve the development of tourism in the coming years and certainly positively affect the overall result of domestic tourism.The new owners, in line with the new and different business policy, today appointed a new President of the Management Board, Sanja Buterin, who will take up her new position as CEO of Dentsu Aegis Network, which is known as one of the world’s largest marketing communication agencies. On the occasion of her appointment to a new position, Buterin points out that for her it represents a desired business step into tourism and destination management. “My personal and company goal is to position Kompas as one of the leading tourism companies in the region. The task of the entire team that I will manage is to successfully achieve business goals that will bring significant benefits to the entire tourism sector while creating new technological and tourism trends in everyday business.“Points out Sanja Buterin, the new President of the Management Board of Kompas dd.Buterin has a rich business career behind him in the management positions of some of the renowned domestic and foreign companies operating in the domestic market and in the market of the CEE region. In recent years, before coming to Kompas, in addition to the aforementioned Dentsu Aegis, she held some of the leading positions in Atlas, Mercedes-Benz Croatia, Nokia, Valvoline, Croatia osiguranje, PZ Autu…By the way, the travel agency Kompas Zagreb celebrated 25 years of pols this year. It currently operates through eight branches, and has been recording stable revenues for the past four years, and last year ended with a revenue increase of over 20 percent. Related news: INSPIRE FUSION INVESTMENT FUND TAKES OVER KOMPAS TRAVEL AGENCYlast_img read more