stander
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5 minutes ago, happy Joe said:
You're still wrong, Stander. The next French president will probably Alain Juppe and he spoke clearly and courageously against the ban Burkini.
We will see happy Joe, ........
Sarkozy told supporters in Chateaurenard, his first rally for the 2017 election, that the full-body swimwear known as the burkini should be banned throughout the country.
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Shame the French court has overruled the burkini ban (for now) with elections soon the new government will ban it
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A Nok Air de Havilland Dash 8-400, registration HS-DQE performing flight DD-8826 from Bangkok Don Muang to Nan (Thailand) with 81 people on board, was climbing out of Don Muang Airport when the inboard left hand main tyre was seen burst. The crew stopped the climb at FL150 and returned to Don Muang for a safe landing about 30 minutes after departure.
A replacement Dash 8-400 registration HS-DQB reached Nan with a delay of 105 minutes. -
Hillary & Bill's Closet ...
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So prominent Muslims have suddenly become feminists after the Burkini ban, never mind FGM, honor killings, forced marriage and Sharia.
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More than $11 billion of transactions were announced globally in July as crude’s recovery fueled hopes of a steadier market, Wood Mackenzie said. That’s the highest monthly total this year and brings the amount since May to $32 billion, triple that of the previous three months. Dealmaking will continue to accelerate as oil prices stabilize, according to the consulting firm.
Exxon Mobil and Statoil were among the buyers after crude’s rebound from a 12-year low earlier this year bolstered confidence. Acquisitions will allow the companies to ensure future growth as the industry has slashed $1 trillion in spending to protect their balance sheets during the downturn.
“The extreme oil price volatility in the first quarter caused a lot of uncertainty,” said Greig Aitken, principal analyst for mergers and acquisitions at Wood Mackenzie. “Activity picked up as confidence returned and companies started looking towards future growth instead of focusing entirely on survival.”
http://fuelfix.com/blog/2016/08/26/as-oil-stablizes-merger-deals-are-back/
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SINGAPORE, Aug 26 (Reuters) - VTTI, the storage division of the world's largest oil trader Vitol, said on Friday it has suspended operations at its terminal in southern Malaysia after receiving a notice from the authorities following an oil spill.
The spill occurred on Wednesday when tanker MT Trident Star was taking on bunker fuel at the terminal, which is known as ATT Tanjung Bin (ATB), VTTI said.
The Johor Port Authority ordered the terminal to stop operations after the accident, the company said.
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NEW YORK, Aug 26 (Reuters) - Oil prices were largely unchanged on Friday in a volatile session, as traders reacted to comments from Fed Chair Janet Yellen and reports of missile activity in Saudi Arabia.
The market was taking its cues from the movement in the dollar, which has been choppy following Yellen's remarks.
At one point, crude benchmarks were up as much as 2 percent before drifting lower. Brent crude futures settled at $49.92, up 25 cents or 0.5 percent. U.S. crude ended the session 31 cents higher at $47.64.
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Timelapse: Watch moment 17,000 tonne rig is moved from Isle of Lewis to safer shores
This incredible footage shows the moment a 17,000-tonne oil rig which ran aground in the Outer Hebrides began its journey to safer shores.
The Transocean Winner rig has since been refloated following the incident at Dalmore Bay earlier this month.
The rig ran aground in bad weather with 280 tonnes of diesel on board and two of its four fuel tanks were damaged in the incident.
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Local Leaders Call for Local Work on Grounded Rig
Local politicians in the Outer Hebrides have called on rig operator Transocean to repair or scrap the damaged drilling rig Transocean Winner at a facility not far from where the rig went aground earlier this month.
Councilor Angus Campbell of the Western Isles Council wrote to the firm to ask if the rig could be fixed or recycled at Arnish, a manufacturing and transshipment facility with a 350-foot deepwater quay, covered work areas and equipment for maintaining and fabricating steel structures for offshore installations. The offshore supply chain in the UK has seen revenue drop sharply due to the offshore industry downturn, and Campbell cited the boost to the local economy that work on the rig could bring.
“We are pleased that you continue to engage with the local supply chain and, given the significant and positive economic impact to the islands, would now ask that serious consideration be given to the use of local facilities and engineering expertise in carrying out the repairs," Campbell said in a letter. “We would be very happy to work with Transocean, Smit Salvage and other relevant key stakeholders to ensure that direct and indirect benefits are, as much as possible, retained in the islands.”
http://maritime-executive.com/article/local-leaders-call-for-local-work-on-grounded-rig
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Oil Rally: Sustainable or Speculation Driven?
Oil prices have risen in the past weeks, with ICE Brent prices topping US$50/bbl briefly. Despite supply and demand fundamentals remaining similar to last month (when oil prices waned), oil prices seem to have rallied due to political factors. Speculation that the oil cartel OPEC will come to a uniform decision to freeze productivity levels has been rife. Due to the complexity and various national interests involved, a cautious approach must be adopted as to the likelihood over such a freeze, particularly since such promises have come and gone previously in the year.
Gas: Narrowing Benchmark Spreads
In a dramatic reversal of escalating natural gas prices since Brexit, the last few weeks have seen US Henry Hub (HH) front-month gas price drop sharply to under US$2.59 per mmBtu. Shaped by a milder than anticipated few weeks and high productivity level in the U.S., price momentum has shifted downwards. Similarly, UK National Balancing Point (NBP) front month prices settled at US$4 per mmBtu in mid-August, bringing the NBP-HH spread to around US$1.34 per mmBtu. The narrowing of the two price benchmarks could thwart ‘trans-Atlantic' price arbitrage opportunities this winter. With US prices expected to grow this winter due to a balancing of supply and demand and colder temperatures, any growth of European gas imports from the US will be dictated by the winter weather in Europe.
https://home.kpmg.com/xx/en/home/insights/2016/08/market-update-oil-gas.html
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Scotland’s revenues from North Sea oil and gas plummeted by 97% during the last financial year, according to new data.
The Scottish government’s receipts from the industry fell to just £60m, down from £1.8bn in 2014/15 and a peak of £11.6bn in 2008/09.
Figures released earlier this year showed that across the whole of the UK, oil and gas revenues collapsed to a record low in 2015/16. Scotland’s share accounts for over 75% of the total.
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(Bloomberg) -- Bangkok is about to become a very important destination for sellers of liquefied natural gas.
In an oversupplied market where prices have cratered and new long-term contracts are rare, Thailand’s national oil company is bucking the trend and planning to go on a shopping spree. PTT PCL Chief Executive Officer Tevin Vongvanich hopes to nearly quadruple import capacity and said he plans to sign long-term agreements with several suppliers by the end of the year that would more than double what the country currently imports.
“We’re taking the opportunity of the buyer’s market situation of the LNG at this stage to secure a few more long-term contracts,” he said in an interview at his office in Bangkok. “It’s the sale time now for LNG, so we’re doing our shopping.”
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NEW YORK, Aug 25 (Reuters) - Oil prices rose 1 percent on Thursday on U.S.-Iran military tensions in the Gulf and speculation the dollar will fall on a monetary policy speech due from the U.S. Federal Reserve chair.
The market, however, gave back some gains after an interview by Saudi Arabia's energy minister with Reuters raised fresh doubts about a potential OPEC output freeze.
Crude futures rallied toward the close after a U.S. defense official said a U.S. Navy ship fired three warning shots after an Iranian fast-attack craft approached two U.S. ships in the northern Gulf on Wednesday.
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Update: ‘Transocean Winner’ tow slower than expected.
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Market Currents: Asian producers coming under pressure
Posted by Matt SmithDate: August 23, 2016Oh good. It’s only the second day of selling after the recent rampant rally, and yet we are already hearing renewed rhetoric from key producers. Iran is the subject of the latest rumors, said to have agreed to attend next month’s producer meeting in Algeria. Nonetheless, prices are ignoring this influence for now, and are easing lower ahead of a potentially bearish inventory report tomorrow. Hark, here are five things to consider in oil markets today:
http://fuelfix.com/blog/2016/08/23/market-currents-asian-producers-coming-under-pressure/
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Oil prices fell immediately following Wednesday’s release of the Energy Information Agency’s (EIA) Weekly Petroleum Status Report, which showed a large build to both crude and petroleum product inventories. Oil markets were boosted Tuesday on talk that Iran was potentially willing to join discussions around coordinated OPEC action to help stabilize oil prices, but the EIA data release brought traders back to the reality that global crude and petroleum product supplies remain at record levels.
The front-month West Texas Intermediate (WTI) contract settled down 2.8 percent on the NYMEX at $46.77 per barrel, while the Brent front-month contract fell 1.8 percent on the ICE to $49.05 per barrel.
The EIA reported that for the week ending Aug. 19, U.S. stocks for crude and all products (excluding the strategic reserve) was at 1.4 billion barrels, representing a historic high for this time of year, and 9.1 percent higher than during the same period in 2015. U.S. crude inventories rose 2.5 million barrels, versus analyst expectations for a slight increase of about 200,000 barrels.
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MISC Berhad, Malaysian maritime solutions and services provider, has made first steps towards Thailand’s offshore oil and gas market via a floating, storage and offloading (FSO) vessel lease and operations contract with Chevron Offshore Thailand Limited (COTL).
MISC said on Tuesday that its wholly-owned subsidiary, MISC Offshore Floating Terminals (MOFT), signed a contract for the lease and operation of an FSO vessel for the Benchamas 2 project in the Gulf of Thailand.
The company stated that the contract was secured through an international competitive bidding process and marks MISC’s maiden foray into Thailand’s offshore oil and gas market. It is valued at approximately $230 million for a duration of 10 years with up to 5 extensions of one year each.
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BANGKOK, Aug 18 (Reuters) - Thailand's largest energy firm PTT Pcl plans to import at least 5 million tonnes of liquefied natural gas (LNG) in 2017, up from 3 million tonnes this year as local gas production fades.
State-controlled PTT expects to conclude in September talks with several suppliers including Royal Dutch Shell and BP to buy LNG under long-term contracts, chief executive Tevin Vongvanich told a news conference on Thursday.
Thailand, which uses natural gas for nearly 70 percent of its power generation, has become increasingly reliant on LNG imports as its own domestic gas fields are slowly being depleted. PTT is the nation's sole gas provider.
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NEW YORK, Aug 23 (Reuters) - Oil prices rose on Tuesday after Reuters reported Iran was sending positive signals that it may support joint OPEC action to prop up the market, before the market pared gains on trade data showing a surprise build in U.S. crude stocks.
Iran, the third-largest producer in the Organization of the Petroleum Exporting Countries, refused to join a previous attempt this year by the group and non-OPEC members led by Russia to stabilize production. But sources in OPEC and the oil industry told Reuters that Tehran appeared more willing to support such talks scheduled next month in Algeria.
"Iran is reaching its pre-sanctions production level soon and after that it can cooperate with the others," said a source familiar with Iranian thinking after a visit by Venezuelan Oil Minister Eulogio Del Pino to Tehran as part of a tour to convince OPEC of a production freeze.
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Europe is seeing these types of attacks more frequently now. It is the result of mass immigration without assimilation. It is a recipe for the self-destruction of the European culture
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Australian energy company Woodside is gearing up for an aggressive drilling campaign offshore Myanmar.
Namely, the company is moving to accelerate commerciality of its recent gas discoveries made off the shores of Myanmar.
Woodside has discovered 32 meters of net gas pay in the Myanmar Block A-6 Shwe Yee Htun-1 exploration well and 62 meters net gas pay in the Block AD-7 Thalin-1A exploration well. The discoveries increased Woodside’s contingent resource (2C) by 83 MMboe.
The company then acquired more than 31,500 km2 high quality 3D seismic data in Myanmar, to boost its portfolio of drillable prospects.
http://www.offshoreenergytoday.com/woodside-to-drill-at-least-four-wells-off-myanmar-in-2017/
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I have never been able to figure out the European, mostly British obsession with getting a sun tan. Over the last 30 plus years here, I have known several friends and acquaintances, mostly British who have all succumbed to skin cancer.
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According to PGI’s Risk Portal, there were at least 81 incidents of piracy or attempted piracy in or around the Singapore and Malacca Straits between April 2015 and April 2016.
The majority of these incidents have occurred on the western approach to the narrow waterway, indicative of the heightened risk of piracy in surrounding waters. The actual number of incidents is likely higher, given that many are thought to go unreported.
The high-level of piracy in surrounding waters presents security considerations for travel to and from Singapore’s port.
http://www.marinelink.com/news/singapore-malacca-straits414129.aspx
Burkini ban suspended by top French court
in World News
Posted
The burkini is not about a dress choice, it’s about a warped theology, which is nothing more than medieval clerical opinion with its 7th Century barbarism.