Santos signs LNG supply deal with Mitsubishi unit

first_imgSantos will supply Diamond Gas International with 1.5 million tonnes of LNG annually from its Barossa project, located offshore Australia, for ten years Santos will supply 1.5 million tonnes of LNG per annum from the Barossa project for an initial period of ten years. (Credit: drpepperscott230 from Pixabay) Australian energy company Santos has entered into an agreement to supply liquefied natural gas (LNG) from its Barossa project to Diamond Gas International (DGI), a wholly-owned subsidiary of Mitsubishi.Under the long-term supply and purchase agreement (SPA), Santos will supply 1.5 million tonnes of LNG per annum from the Australian offshore project for an initial period of ten years with extension options.The contract will support in achieving a final investment decision on Barossa, expected in the first half of next year.Santos managing director and CEO Kevin Gallagher said: “Santos is delighted to establish a long-term relationship with Mitsubishi, a major Japanese company with deep LNG expertise.“The SPA delivers a firm LNG offtake arrangement which represents over 80% of Santos’ equity LNG volume from the Barossa project at our expected 50% interest level following the previously announced sell-down to JERA, while the JKM-indexation provides portfolio balance to our existing oil-linked LNG offtake agreements from GLNG and PNG LNG.“It also represents the first Santos long-term equity LNG sale from one of our major LNG projects, demonstrating our marketing capability to meet customer needs in the market.”Santos has a 62.5% interest in the Barossa joint venture, while its partners SK E&S owns the remaining 37.5% stake.The two companies to explore carbon neutral LNG opportunities from BarossaSantos and Mitsubishi have also signed a memorandum of understanding (MoU) to explore opportunities for carbon neutral LNG from Barossa project.The scope of the MoU includes tapping opportunities associated with Santos’ Moomba carbon capture and storage (CCS) project, and development of zero emissions hydrogen among others.The FID-ready Moomba CCS project will have the capacity to store 1.7 million tonnes of carbon dioxide per annum in depleted natural gas reservoirs, subject to government approvals.Last month, Santos secured environmental approval for its AUD3.6bn ($2.64bn) Narrabri Gas Project in the Gunnedah Basin in northwest New South Wales (NSW).last_img read more

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ExxonMobil publishes Scope 3 emissions data for the first time

first_imgThe US oil major said it had taken note of growing stakeholder interest in its Scope 3 emissions footprint, associated with end consumption of its products Scope 3 emissions generally account for the largest proportion of a company’s carbon footprint (Credit: Flickr/Tony Webster) For the first time, Exxon has published data about its Scope 3 emissions, in response to growing investor pressure for transparency on climate issues.Scope 3 refers to emissions associated with the end-user consumption of a product, and is generally considered to account for the majority of a company’s carbon footprint.The Texas-based US oil major estimated that emissions associated with its petroleum product sales in 2019 totalled 730 million tonnes of carbon dioxide equivalent.By comparison, UK rival BP measured its Scope 3 emissions at 360 million tonnes in the same year, while Royal Dutch Shell counted 576 million tonnes. Alternatively, the volume was more than double the entire carbon footprint of the UK in 2019.Exxon said it had taken note that “stakeholders have expressed growing interest in Scope 3 data”, and plans to provide annual updates on these metrics from now on.However, the company cautioned that reporting of end-use emissions is “less certain and less consistent” than Scope 1 and 2 – direct emissions associated with a company’s own activities – and comparisons with other businesses can be “challenging” due to inconsistent reporting methodologies.It added: “Scope 3 emissions do not provide meaningful insight into the company’s emission-reduction performance and could be misleading in some respects. For example, increased natural gas sales by ExxonMobil that reduce the amount of coal burned for power generation would result in an overall reduction of global emissions but would increase Scope 3 emissions reported.” Exxon Scope 3 disclosure follows new five-year emissions planLast month, Exxon announce a new set of targets for reducing its direct carbon emissions over the next five years – pledging to cut the intensity of upstream greenhouse gas emissions by 15-20% by 2025, as well as a 40-50% decrease in methane intensity and a 35-40% reduction in flaring intensity over the same period.In a letter accompanying the Scope 3 disclosures, published in its 2021 Energy & Carbon Summary, Exxon chief executive and chairman Darren Woods said: “The steps we are taking to reduce emissions reflect ExxonMobil’s commitment to addressing the risks of climate change.“We also continue to invest in lower-emission technologies, such as carbon capture and advanced biofuels, which are necessary for society to achieve its ambition for net-zero emissions by 2050.”The report also revealed the company’s Scope 1 and 2 emissions fell by 3.2% year-on-year in 2019, totalling 120 million tonnes of CO2 equivalent.Exxon endured a torrid 2020 amid the pandemic-triggered oil-market collapse, posting account-book losses in three consecutive quarters and announcing plans to write down up to $20bn in assets across its portfolio.Extensive cost-cutting measures were introduced, including a sizeable downgrade of its capital-spending budget through to 2025 and a 15% reduction of its global workforce by the end of 2021, affecting roughly 14,000 people.The oil giant is also facing mounting investor pressure to take stronger action on climate change at a time when many of its rivals, particularly those based in Europe, have set out on long-term decarbonisation strategies targeting net-zero emissions by mid-century.last_img read more

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Leading industry Anti Money Laundering firm wins royal approval

first_imgHome » News » Leading industry Anti Money Laundering firm wins royal approval previous nextProducts & ServicesLeading industry Anti Money Laundering firm wins royal approvalTech firm Smartsearch has been given a Queen’s Award for Enterprise for its innovative approach to product development.Nigel Lewis25th April 201801,162 Views Smartsearch, one of the key suppliers of Anti Money Laundering solutions to sales and lettings agents in the UK, has won the Queen’s Award for Enterprise for its innovation.The company’s online AML system was picked out by the Queen’s Award for Enterprise for developing a “world-leading” AML verification platform.The Yorkshire-based firm offers both sales and letting agents of all sizes the ability to verify and check the identities of vendors, buyers, landlords and tenants, demand for which has increased dramatically since the industry was required to comply with the AML regulations in June last year.This includes checking that clients are not on the government’s sanctions list or a ‘politically exposed person’, plus the system  removes the need for agents’ clients to provide identity verification.Level of riskAgents are required to have a process in place to identify the level of risk posed by an individual to their business based on the AML regulations, and every client must be assessed individually and appropriate checks carried out.In January it was revealed by the National Association of Estate Agents that several companies had been hit with fines totalling six and even seven figures since the regulations went live in June, while a recent report estimated that a fifth of all agents had been fined so far.This has created a huge market for AML solutions within the property industry and other sectors, and consequently Smartsearch is one of the fastest-growing companies in the UK by turnover.It has increased its team from seven to 90 people and relocated from Leeds to new-build offices in Ilkley.“SmartSearch has grown so fast over the past two years; this award really recognises that commercial achievement, and is testimony to the hard work and dedication of our staff,” says its Managing Director Martin Cheek (pictured).martin cheek AML AML compliance AML regulationsHMRC anti money laundering Smartsearch April 25, 2018Nigel 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

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Man who drove car into letting agency branch window convicted of murder

first_imgHome » News » Agencies & People » Man who drove car into letting agency branch window convicted of murder previous nextAgencies & PeopleMan who drove car into letting agency branch window convicted of murderCourt heard how 48-year-old Simon Whittle ran over a friend against whom he had a grudge, outside Hemel Hempstead firm Space Lettings.Nigel Lewis13th January 201901,630 Views A man who fatally ran over a female acquaintance with his car and then drove at speed into the front of an letting agency branch has been convicted of her murder.In a court case that has attracted national coverage, Chelmsford Crown Court heard that 48-year-old Simon Whittle ran over 41-year-old Natalie Hastings a year ago in central Hemel Hempstead before then ramming his Volvo XC90 car into the front of Space Lettings.The branch was boarded up in the days following the incident (pictured, above), and friends and family of Hastings attached flowers and messages to the drainpipe on the exterior of the office.Whittle denied murder during his trial. The court heard that while driving down Queensway in Hemel Hempstead during the early hours of January 15, 2018, Whittle pursued Hastings in his Volvo as she ran down the street in an attempt to evade him.He shouted ‘you’re dead’ as he first struck her and then collided into the window of the letting agency.Hastings died the next day from her injuries. Whittle, who has a prosthetic leg and suffers from Parkinson’s disease, tested positive for a cocaine substitute when police apprehended him at the scene.Local media report that Whittle bore a grudge against Hastings after she and her boyfriend asked him to move out of their house where he had been lodging until shortly before the incident.hemel hempstead murder space lettings January 13, 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 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more

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At last! Housing minister gets to attend cabinet following Boris decision

first_imgNew housing minister Esther McVey is to attend cabinet, the first one to do so for many years.The former GMTV presenter is the ninth housing minister since the Conservatives took power in 2010 but is the first to be given access to cabinet meetings, a potential sign that Boris Johnson may be about to put house building higher up the political agenda in the coming months.The industry has been calling for housing ministers to attend cabinet for many years, often complaining that a lack of cabinet position showed the government did not take housing seriously.Cabinet seatsMcVey is one of ten ministers who will attend cabinet but who are not full members, alongside Leader of the House of Commons Jacob Rees-Mogg and Home Office minister and former housing minister Brandon Lewis.McVey, who is MP for Tatton in Liverpool, has been busy on Twitter since being appointed last week, including making several videos for the Ministry of Housing, Communities and Local Government plugging her ‘key mission’ to get ‘Britain building’ again and ‘boost home ownership across the country’.One of them, made on her first day as housing minister and which has been watched 35,500 times so far, included claims that her department would build more homes for first time buyers and, oddly, ‘those who may be divorced’.Help to BuyAt the same time her boss, Housing Secretary Robert Jenrick, has revealed that he may consider extending Help to Buy past its 2023 end date when asked about it by The Times.“This is a new administration, a new chancellor, I think all options are on the table. I intend to have further discussions with Sajid Javid in the weeks and months to come,” he said.Robert Jenrick Housing Minister Esther McVey July 31, 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 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » At last! Housing minister gets to attend cabinet following Boris decision previous nextAt last! Housing minister gets to attend cabinet following Boris decisionAfter many years of asking, industry gets a voice at the top table in the form of Esther McVey, the former GMTV presenter and now housing minister.Nigel Lewis31st July 201901,425 Viewslast_img read more

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Great grandson of Jackson-Stops founder reveals why he won’t work for family firm

first_imgHome » News » Agencies & People » Great grandson of Jackson-Stops founder reveals why he won’t work for family firm previous nextAgencies & PeopleGreat grandson of Jackson-Stops founder reveals why he won’t work for family firmGeorge Jackson-Stops worked for Winkworth, Cluttons and Strutt & Parker prior to setting up his own company, buying agent GJS Property.Nigel Lewis2nd October 201901,836 Views The great grandson of Jackson-Stops founder Herbert Jackson-Stops has revealed that he is to strike out and found his own company after seven years spent working in the industry.George Jackson-Stops has launched GJS Property and is now seeking to establish himself as a buying agent and already has several clients.Before setting up the company he worked most recently at Strutt & Parker but also before that at Cluttons and Winkworth.“I’m the fourth generation of the family involved in the property game but I’m the only one who hasn’t worked for Jackson-Stops,” he says.“At the beginning I made a conscious decision that I didn’t want to work for a Jackson-Stops office because I didn’t want people thinking it was my family connections that had got me the job.“Hopefully GJS will the next chapter in the Jackson-Stops story – my dad has just retired after 40-plus years running the company’s Northampton office.”Red tapeGeorge says part of the reason why he decided to set up GJS is that working at Strutt & Parker had become a lot more complicated by regulatory red tape because, as a part of BNP Paribas, it must adhere to regulations much more strictly.“For example it made implementing Anti Money Laundering rules much harder because BNP was very strict,” he says.“In the back of mind it was one of the reasons why I decided to set up my own company.”George also says he launched GJS because, if its launch can survive the current tough market then he’ll be in a good position when it revives, he says.George Jackson-Stops Jackson-stops Strutt & Parker cluttons winkworth October 2, 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 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more

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Labour drops its much-derided private tenant ‘right to buy’ policy

first_imgLabour has ditched its key private rented sector manifesto policy for the general election.Andrew Fisher, its key manifesto architect, has decided that giving private tenants the ‘right to buy’ their rented properties would be unworkable, the FT has revealed.The policy, which was announced back in September during a newspaper interview with Shadow Chancellor John McDonnell, will now no longer feature in the party’s manifesto, which is due to be published any day now.Labour planned to set a below market value or ‘fair price’ for a property, he said during the interview.“You’d want to establish what is a reasonable price, you can establish that and then that becomes the right to buy,” he said. “You (the government) set the criteria. I don’t think it’s complicated.”But the policy did turn out to have complications; advisors have since pointed out that each ‘fair price’ was likely to be challenged in the courts by landlords  whose properties were in negative equity.Radical policiesLabour’s manifesto is one of its most radical in living memory and has been designed to move the agenda away from the Brexit debate, where the party is hugely exposed by its backing for a second referendum.Property industry policies that are expected to be in the manifesto include nationalising parts of the block management sector, the compulsory purchase of long-term empty private homes, replacing Stamp Duty and making landlords, not tenants, pay council tax.The manifesto will also include the nationalisation of several industries including water companies, the railways, Royal Mail, National Grid and the broadband network.Also, zero-hour working contracts are the be outlawed and free NHS dental check-ups and free travel for under-21-year-olds introduced. The policies would require an additional £400 billion of state borrowing.   November 18, 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 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Housing Market » Labour drops its much-derided private tenant ‘right to buy’ policy previous nextHousing MarketLabour drops its much-derided private tenant ‘right to buy’ policyAfter being announced two months ago by Shadow Chancellor John McDonnell, the party’s policy makers realised it would be unworkable.Nigel Lewis18th November 201905,227 Viewslast_img read more

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Met police confirm investigation into Suzy Lamplugh death is ‘ongoing’

first_imgAs Sky broadcasts a fresh TV investigation into the disappearance of London estate agent Suzy Lamplugh in 1986, the Metropolitan Police have issued a statement saying its investigation into her murder is ‘ongoing’ and underlined its commitment to solving the case.The Met says that officers are still working on the case and that Suzy’s disappearance is still ‘’active with detectives from its Specialist Casework Team, part of Central Specialist Crime, who are continuing to pursue leads.But the force has scotched claims in the two-part documentary that a man seen disposing of a heavy suitcase besides the Grand Union Canal several days after her disappearance may have been connected to the case.The Met says it became aware of the claim two years ago.“This was treated as a new line of enquiry, but it was found that the part of the canal mentioned by the witness and the surrounding canal stretches had been extensively searched by the Met’s Marine Support Unit and London Fire Brigade Search Unit in September 2014,” its statement says.“The 2014 search was conducted following an unrelated homicide investigation.“During that search, no items were recovered which were connected to the Suzy Lamplugh investigation and the line of enquiry re the 1986 sighting was closed.”Detective Chief Inspector Rebecca Reeves (pictured), the senior investigating officer, says: “We would urge anyone who believes they might know something about what happened to Suzy all those years ago to come forward.“Whether you saw something that you thought was unconnected at the time, or you felt under pressure to protect someone you knew – it is not too late.“The passage of time has not weakened our determination to seek justice and get the answers that the Lamplugh family continue to wait for.” March 16, 2021Nigel 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 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Agencies & People » Met police confirm investigation into Suzy Lamplugh death is ‘ongoing’ previous nextAgencies & PeopleMet police confirm investigation into Suzy Lamplugh death is ‘ongoing’Police force commits to solving mystery of disappeared estate agent as Sky broadcasts two-part documentary into Lamplugh’s presumed murder.Nigel Lewis16th March 20210914 Viewslast_img read more

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USS John C. Stennis Welcomes Singaporean Dignitaries Aboard

first_img Training & Education View post tag: Singaporean View post tag: Defence Military and civilian leaders from the Republic of Singapore visited the Nimitz-class aircraft carrier USS John C. Stennis (CVN 74) at sea April 7.Distinguished visitors including the ambassadors from Japan and France, high commissioners from Canada and New Zealand, and Col. Tim Lo, the fleet commander of the Royal Singapore Navy, arrived onboard Stennis via a C-2A Greyhound from the “Providers” of Fleet Logistics Support Squadron (VRC) 30. They met with John C. Stennis Carrier Strike Group (JCSCSG) leadership, observed flight operations from the flight deck and toured spaces throughout the ship.“It’s always an honor to engage with our partners in Singapore,” said Rear Adm. Mike Shoemaker, the JCSCSG commander. “We have a strong, enduring partnership and share a common commitment to maritime security and freedom of the seas.”The U.S. and Indonesian navies train together throughout the year, both bilaterally and multilaterally, in exercises such as Cooperation Afloat Readiness and Training (CARAT), and work jointly in anti-terrorism and anti-piracy operations.“It’s been a wonderful experience,” said Lo. “Flight operations ran like clockwork and Sailors make it look so simple. These Sailors are obviously well-trained and make the United States Navy proud.”As their visit concluded, the guests once again boarded a C-2A, taxied to one of the ship’s catapult tracks, then accelerated from zero to 185 nautical miles per hour in less than three seconds, launching from Stennis’ flight deck to return to Singapore.The JCSCSG, consisting of Stennis, CVW-9, Destroyer Squadron 21 and guided-missile cruiser USS Mobile Bay (CG-53), entered U.S. 7th Fleet March 26 after spending more than five months operating with an supporting U.S. Naval Forces Central Command (NAVCENT).Military and civilian leaders from the Republic of Singapore visited the Nimitz-class aircraft carrier USS John C. Stennis (CVN 74) at sea April 7.Distinguished visitors including the ambassadors from Japan and France, high commissioners from Canada and New Zealand, and Col. Tim Lo, the fleet commander of the Royal Singapore Navy, arrived onboard Stennis via a C-2A Greyhound from the “Providers” of Fleet Logistics Support Squadron (VRC) 30. They met with John C. Stennis Carrier Strike Group (JCSCSG) leadership, observed flight operations from the flight deck and toured spaces throughout the ship.“It’s always an honor to engage with our partners in Singapore,” said Rear Adm. Mike Shoemaker, the JCSCSG commander. “We have a strong, enduring partnership and share a common commitment to maritime security and freedom of the seas.”The U.S. and Indonesian navies train together throughout the year, both bilaterally and multilaterally, in exercises such as Cooperation Afloat Readiness and Training (CARAT), and work jointly in anti-terrorism and anti-piracy operations.“It’s been a wonderful experience,” said Lo. “Flight operations ran like clockwork and Sailors make it look so simple. These Sailors are obviously well-trained and make the United States Navy proud.”As their visit concluded, the guests once again boarded a C-2A, taxied to one of the ship’s catapult tracks, then accelerated from zero to 185 nautical miles per hour in less than three seconds, launching from Stennis’ flight deck to return to Singapore.The JCSCSG, consisting of Stennis, CVW-9, Destroyer Squadron 21 and guided-missile cruiser USS Mobile Bay (CG-53), entered U.S. 7th Fleet March 26 after spending more than five months operating with an supporting U.S. Naval Forces Central Command (NAVCENT).[mappress]Naval Today Staff, April 8, 2013; Image: US Navy View post tag: Navy April 8, 2013 View post tag: USS View post tag: News by topic View post tag: Dignitaries Share this article View post tag: John View post tag: Naval USS John C. Stennis Welcomes Singaporean Dignitaries Aboard View post tag: Stennis View post tag: C. View post tag: Defense View post tag: Aboard Back to overview,Home naval-today USS John C. Stennis Welcomes Singaporean Dignitaries Aboard View post tag: welcomeslast_img read more

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First Sea Trials for Hanoi in Vietnamese Waters

first_img View post tag: holds View post tag: trials Industry news Back to overview,Home naval-today First Sea Trials for Hanoi in Vietnamese Waters First Sea Trials for Hanoi in Vietnamese Waters View post tag: Defense View post tag: first VIETNAMESE SUBMARINE HANOIRussian-built submarine Hanoi held her first sea trials in Vietnamese waters on Wednesday, (January 8, 2014), Thanhnien news portal writes.The submarine, the first kilo-class to join the Vietnamese Navy, with a hull number HQ 182, arrived at the Cam Ranh naval base this month.She is expected to complete the trials today and her official handover ceremony will take place on January 15.The submarine held several trials after launching at Admiralty Shipyards in St. Petersburg, Russia. Hanoi and her sisters are nicknamed “black holes” because of their ability to be undetected underwater.The 3000- ton submarine can operate at a maximum depth of 300 meters and carry 52 crewmembers onboard.[mappress]Naval Today Staff, January 10, 2014; Image: Shipspotting View post tag: Defence View post tag: seacenter_img View post tag: Navy View post tag: New January 10, 2014 View post tag: Naval View post tag: News by topic View post tag: Vietnam View post tag: sub Share this articlelast_img read more

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