PGNiG to acquire stake in two gas producing fields in North Sea

first_imgThe company’s gas output from its Norwegian assets is expected to increase to 0.9bcm in 2021 following the completion of the acquisition PGNiG Upstream Norway (PUN) will receive a 6.45% stake in the Kvitebjörn field. (Credit: QR9iudjz0 from FreeImages) Polish state-controlled oil and gas company Polish Oil and Gas Company (PGNiG) has agreed to acquire stakes in Kvitebjørn and Valemon fields in the North Sea from Norske Shell.The company is expected to see an increase in its gas output from its Norwegian assets to 0.9 billion cubic metres (bcm) in 2021 after the conclusion of the acquisition.Upon completion of the deal, PGNiG Upstream Norway (PUN) will receive a 6.45% stake in the Kvitebjörn field and a 3.225% stake in the Valemon field.The company also plans to purchase a stake in the infrastructure which is used to transport hydrocarbons produced from these fields.Located in the northern part of the North Sea, the Kvitebjørn field has been in production since 2004.  Located immediately west of Kvitebjørn, the Valemon field started producing gas in 2015.PGNiG Upstream Norway to increase the average daily hydrocarbon production by 30%PUN expects that the transaction, which requires approval from the Norwegian oil and tax authorities, will increase its average daily hydrocarbon production by about 30%.After the launch of Baltic Pipe gas pipeline, the gas produced from the new fields, along with volumes obtained from the previous acquisitions of the Norwegian subsidiary of PGNiG in 2017 to 2020 will be shipped to Poland.PGNiG Management Board president Jerzy Kwieciński said: “This latest transaction involving assets on the Norwegian Continental Shelf is closely in line with the PGNiG Group’s strategy.“Its purpose is to diversify gas supplies and improve Poland’s energy security in reliance on our own reserves.“As with the transaction completed earlier this year whereby we increased our interest in the Gina Krog field, also this acquisition will translate into an immediate and substantial increase in gas volumes produced by our subsidiary on the Norwegian Continental Shelf, with a positive effect on the PGNiG Group’s overall operating performance.”Following the acquisition of the two new fields, PGNiG Upstream Norway will own a total of 32 licenses on the Norwegian Continental Shelf.In July this year, PGNiG has successfully drilled a new well on the Mielec – Bojanów fields and discovered more gas in the Podkarpacie region.last_img read more

St. Vincent Evansville Birth Announcements

first_imgKaren and Scott Risner, Evansville, son, Zachary James, Aug. 5Amie and Matthew Allen, Vincennes, IN, son, Mattox Wayne, Aug. 6Diane and Josh Nicholas, Evansville, son, Wyatt James, Aug. 6Whitney McElwee and Braiden Acton, Evansville, daughter, Ophelia June, Aug. 6Andrea and Bradley Watson, Evansville, daughter, Adelaide Lynn, Aug. 7Brittany and Timothy Stevenson, Mount Carmel, IL, daughter, Felicity Jean, Aug. 7Jodi Neighbors, Princeton, IN, daughter, Zaniyah Kambree, Aug. 7Karen and Gregory Haller, Evansville, daughter, Medley Virginia, Aug. 7Laura and Joshua Wood, Mount Vernon, IN, son, Abel Jameson, Aug. 7Sasha and Shawn Burden, Chandler, IN, son, Jude Thomas, Aug. 7Jody Huser and Steven Durbin, Grandview, IN, daughter, Braylee Adare, Aug. 8Nakeshia McNary and Jerome Streeter, Evansville, son, J’Rome Tyrell, Aug. 9Danielle and Gerald Balding, Olney, IL, daughter, Addison Lynn, Aug. 10Danielle and Gerald Balding, Olney, IL, daughter, Olivia Ruth, Aug. 10Kacie and Joseph Villines, Evansville, daughter, Maggie Grace, Aug. 10Paige Codynah and Blake Washburn, Evansville, son, Liam Daniel, Aug. 10Shelby and Jason Doughty, Evansville, son, Jameson Douglas, Aug. 10Amber and Timothy Heerdink, Newburgh, daughter, Audrey Marie Louise, Aug. 11Chelsae and Andrew Johnson, Henderson, KY, daughter, Camryn Elise, Aug. 11Lindsay and Harold Pullum Jr., Robards, KY, son, Jaxson David, Aug. 11Whitney and Kevin Jost, Fort Branch, IN, son, Daniel Clay, Aug. 11FacebookTwitterCopy LinkEmailSharelast_img read more

Interview with Gen. Joaquin V. Perez Feliz, Minister of Defense of the Dominican Republic:

first_img Diálogo: What are the Dominican Republic’s goals and priorities with regard to issues of national security and sovereignty right now? Gen. Joaquin V. Perez Feliz: The chief objective is to guarantee the defense of our national objectives in matters of national security, strengthening the security system, because in this way we’re able to more effectively confront challenges such as drug trafficking, illegal immigration, terrorism, environmental degradation, and all kinds of illicit trafficking. We also have to strengthen our legal and regulatory framework in order to strengthen the joint institutional structures of the Armed Forces, raise our operational level, and improve the institutional system of military intelligence, so that it can better support operations and better confront threats. Another aspect is to continue supporting the national police, in order to build a much more effective system of citizen security. Diálogo: What is the Armed Forces’ role in confronting the threat of illicit trafficking? Gen. Joaquin V. Perez Feliz: For the Armed Forces, the fight against illicit trafficking is a national high-priority objective and is a duty hallowed by the Constitution of the Republic. It’s our duty to confront transnational criminal activities that affect the country and its inhabitants. That is to say that we have to be strong and combat illicit trafficking of all kinds: drug trafficking, transnational crimes, arms trafficking, and human trafficking. Diálogo: Many countries in the region are studying the possibility of changing their constitutions precisely in order to allow the army to play a role that has belonged to the police until now. Gen. Joaquin V. Perez Feliz: For us, this is defined. We have the Armed Forces for defense and the police for public safety, but at any time when there’s an emergency situation, if the president so determines, we can act and support the national police. We even have a task force, Ciutran (Ciudad Tranquila [Peaceful City]), that supports the national police, especially at night. Diálogo: How has illicit trafficking affected your country? Gen. Joaquin V. Perez Feliz: Illicit trafficking in all its aspects is an evil that has affected not only the Dominican Republic, but all the countries of the world and of the region, including the United States, because crime corrodes families and brings insecurity. The Dominican Republic has invested large sums to counteract drug-trafficking organizations and has also established a good level of cooperation with other institutions, such as the state security agencies and the courts and public prosecutors. This has resulted in our being able to combat transnational crime and drug trafficking more effectively. Diálogo: What more should be done in order to combat these threats? Gen. Joaquin V. Perez Feliz: Despite the fact that we have some resources for the fight, such as the exchange of information, we have to continue with international support, because it’s not true that a country on its own can effectively combat a threat like illicit drug trafficking. Diálogo: What are the benefits of working with the United States and other nations to confront this regional threat and others like it? Gen. Joaquin V. Perez Feliz: The Armed Forces have resolved to be more active in the international arena in order to benefit from the experiences and capabilities of the United States and of other countries in the region. To this degree, we’ll be able to be much more effective, because despite the fact that there is a firm and decisive political will in the Dominican government to confront these plagues, we’ve benefited from support in the exchange of information and in training. For us historically, in our relationship with the United States on matters having to do with the Armed Forces and other institutions, the benefits have been extraordinary. Working with the United States has been very, very beneficial. Diálogo: What is your opinion on the effectiveness of the established parameters for combating the problems of crime and violence related to illicit trafficking in the Caribbean, the parameters promoted by the Caribbean Basin Security Initiative? (Implemented by the United States, the CARICOM member countries, and the Dominican Republic in May 2010) Gen. Joaquin V. Perez Feliz: The initiative is very interesting and has borne a lot of fruit for us, because it’s been demonstrated that no country on its own can successfully confront the threat of illicit trafficking and organized crime. The Dominican Republic is firmly supporting this initiative, to the point that we’ve participated in all the meetings and have placed our own plans at the initiative’s disposition. Hence the significance that the framework of shared responsibility with the United States and all the countries in the region has, because it’s going to be much more effective to combat drug trafficking, transnational crime, arms trafficking, and illicit trafficking. We’re fully on board with President Barack Obama’s initiative. Thanks to the support of the Dominican government and President Lionel Fernández, we in the Dominican Republic have currently reduced the network of illicit-trafficking flights considerably. We’re making progress, and we have the political will to continue constantly improving in the fight against illicit trafficking, which is threatening the region and the world. By Dialogo January 24, 2011last_img read more

UN calls on nations to make roads safer

first_imgRoad safety is one of greatest development challenges, according to the UN. Traffic accidents cause deaths among young people and have lowered people’s income in Africa, Asia and Latin America. Each year, some 1.35 million drivers, cyclists, passengers and pedestrians are killed on roads, while 15 million others are severely injured, devastating families across the world and posing a setback to global efforts to achieve the Sustainable Development Goals (SDG).To achieve its targets for the Decade of Action for Road Safety, Todt said, the UN needed to ensure that safety was a measurable indicator in building vehicles, infrastructure, the transportation system and related facilities introduced to the market.“If we continue to [flood] our transportation system with unworthy elements that bring devastation to our citizens, we will not be able to achieve our safe and sustainable transportation for all,” Todt said during the opening ceremony of the 3rd Global Ministerial Conference on Road Safety: Achieving Global Goals 2030, which takes place in Stockholm from Wednesday to Thursday. The United Nations has called on governments to take responsibility in preventing road deaths and serious injuries by putting safety at the forefront of planning, investment and products in the field of transportation.Speaking on behalf United Nations Secretary-General António Guterres, UN special envoy for road safety Jean Todt said that, in recent years, UN member states, intergovernmental organizations, nongovernmental partners, multilateral development banks and academic institutions had acted to reduce risks on the world’s roads.The UN system had mobilized the development of legal instruments, best practices and policy recommendations on road safety, Todt said. This was a solid foundation, he added, but clearly not enough. Saving lives by improving road safety is one of many objectives in the 2030 Agenda for Sustainable Development. During a UN General Assembly meeting last month, Guterres launched A Decade of Action to deliver Sustainable Development Goals. The secretary-general said at the time that the entire UN system was committed to working with all partners to expand global movements for the goals to unlock financing and to generate innovation and solutions needed to deliver a better life for all people across the world.The Stockholm meeting was held to kick off a new decade of SDG action for road safety to 2030 as A Decade of Action for Road Safety 2011 – 2020 will expire at the end of this year.“We are here to unite forces to achieve a drastic reduction in road traffic fatalities and injuries over the next 10 years,” said Todt.At the two-day conference, 1,700 delegates from 140 countries had a chance to attend plenary discussions, during which ministers and senior officials talked about lessons learned from A Decade of Action for Road Safety 2011 – 2020 and what priorities countries would pursue in the next 10 years.  Todt said the high number of deaths and serious injuries caused by road accidents was unacceptable because fatalities could in fact often be prevented. “[The road] is created to improve prosperity, better education and ensure accessible health services and cleaner air. This is not a means to create disabilities and place a heavy burden on health systems and families,” he said.Speaking during the opening ceremony, the Swedish king, Carl XVI Gustaf, said 15 years ago, more than 200 Swedish children lost their lives in traffic accidents. Citing reliable statistics, the king said the number was now down to only 16. “Of course, 16 is not zero, but it is a lot better than 200. For many decades, politicians, civil society groups and industry have worked together seeking innovative solutions that make Swedish traffic safer for everybody. Despite accomplishments, [much work] still needs to be done,” he said.“Through the years, I have done quite a lot of driving myself, mostly in Stockholm and across Europe. One thing becomes apparent from driving through different countries: Traffic is cross-border and so are the challenges, especially because the number of people and vehicles have continued to increase. This is why it is very important to come together, exchange knowledge, experiences and ideas from all over the world,” he went on.The Swedish king further said a huge participation of decisionmakers and experts in the Stockholm meeting proved there was a strong global commitment to improving road safety. “This conference [creates] a lot opportunity to link the road safety challenges to other sustainable challenges, such as climate change, health, equality, poverty and human rights. We need to [address] these challenges together and remember that road traffic deaths and injuries are preventable,” said King Carl Gustaf.During a video conference, World Health Organization director-general Tedros Adhanom Ghebreyesus reminded conference participants about the huge health impact of road traffic accidents, highlighting the need for necessary collaboration to end “preventable deaths and injuries”. Leaders from the sectors of transportation, infrastructure and health had to be part of the solution.Countries were now in a critical time at the end of a Decade of Action 2011 – 2020 and SDG goals 3.6, Tedros said. Countries and cities had achieved significant progress between 2010 and 2018. Brazil reported a decline in road fatalities of more than 40 percent since 2010. Similar progress had been reported from other countries, such as Saudi Arabia, Bogota in Colombia, Oslo in Norway, China, India, Thailand and Uganda.“Political will is needed at the highest level of government to achieve this, both by investing and shifting to healthier modes of transportation,” said Ghebreyesus.Topics :last_img read more