ADNOC CEO seeks opportunities to strengthen UAE-India energy relationship during virtual dialogue with Prime Minister Narendra Modi

first_imgIn the past two years, ADNOC has enhanced its strategic energy links with India – a key growth market for crude, refined and petrochemical products ADNOC CEO Sultan Ahmed Al Jaber. (Credit: Abu Dhabi National Oil Company) His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Group CEO of the Abu Dhabi National Oil Company (ADNOC), reinforced the close and deep-rooted economic ties between the United Arab Emirates (UAE) and India during a virtual session with His Excellency Narendra Modi, Prime Minister of India.Speaking at the interactive session between Prime Minister Modi and leading global oil and gas CEOs during the 5th annual roundtable organized by NITI Aayog and India’s Ministry of Petroleum and Natural Gas, H.E. Dr. Al Jaber said India has always been and will always remain one of the UAE’s closest friends and one of its most important trading partners. He noted the strategic ties between both countries have strengthened in recent years, particularly in the field of energy.“Today, Indian companies represent some of Abu Dhabi’s key concession and exploration partners. As we continue to work together, I see significant new opportunities for enhanced partnerships, particularly across our downstream portfolio. As you know, we have launched an ambitious plan to expand our chemicals, petrochemicals, derivatives and industrial base in Abu Dhabi and I look forward to exploring partnerships with even more Indian companies across our hydrocarbon value chain.“India’s remarkable growth as an economic power has cemented its place as one of the world’s largest energy consumers. In fact, it represents the second biggest market for ADNOC. This is a position we hope to build on, in line with the huge expansion of India’s ambitions for growth. ADNOC is ready to meet India’s growing demand across the full portfolio of our products,” H.E. Dr. Al Jaber said.He added ADNOC is proud to be a key supplier to India’s Strategic Petroleum Reserves and is keen to expand the commercial scale and scope of this strategic reserves partnership.In the past two years, ADNOC has enhanced its strategic energy links with India – a key growth market for crude, refined and petrochemical products. In addition to its partnership in the strategic reserves program, ADNOC is also a stakeholder in one of India’s largest refinery and petrochemicals projects, to be constructed on India’s west coast.Concluding his remarks, H.E. Dr. Al Jaber said he believes both countries have only scratched the surface of the opportunities that could benefit both India and the UAE in the energy sector.“I believe that by seizing these opportunities, we can in fact enhance the speed of post-Covid economic recovery. I very much look forward to expanding our relationship across multiple areas and I am absolutely certain that we can remove any barriers that may stand in our way,” H.E. Dr. Al Jaber said.The interactive session was preceded by an inaugural address by Prime Minister Modi and opening remarks by Dharmendra Pradhan, Indian Minister of Petroleum and Natural Gas. The objective of the roundtable is to deliver a global platform to understand best practices, discuss reforms, and inform strategies for accelerating investments into the Indian oil & gas value chain.Other speakers include H.R.H. Prince Abdulaziz bin Salman, Minister of Energy, Kingdom of Saudi Arabia; Hon. Dab Brouillette, Secretary of Energy, United States of America; Patrick Pouyanné, Chairman and CEO, Total; Bernard Looney, CEO, BP; H.E. Mohammad Sanusi Barkindo, Secretary-General, OPEC; Lorenzo Simonelli, Chairman and CEO, Baker Hughes; Tengku Muhammad Taufik, President and Group CEO, Petronas; Daniel Yergin, Vice Chairman, IHS Markit; and Amitabh Kant, CEO, NITI Aayog.Indian companies have steadily increased their participation in the UAE’s energy sector. In March 2019, a consortium of two Indian oil companies were awarded the exploration rights for an onshore block in Abu Dhabi. This followed the award in February 2018 of a 10 percent participating interest in Abu Dhabi’s offshore Lower Zakum Concession to an Indian consortium of three companies. Source: Company Press Releaselast_img read more

Will this end the need to chase conveyancing solicitors on the phone?

first_imgEstate agents have for decades battled the UK’s frustratingly opaque and slow conveyancing system.But according to a proptech platform due to launch later this month, the days of the ‘black hole’ that property transactions disappear into after an offer has been accepted is about to have a very bright light shone into it.Simon Bath, who two years ago set up a conveyancing legal firm but soon realised the system was “broken”, is about to launch When You Move, an integrated online platform that enables solicitors to keep their introducing agent and broker clients up-to-date with the latest progress on each transaction going through the system.“I’m staggered by the process works at the moment – 80% of a sales progressors’ job is to make phone calls to a solicitor who often doesn’t pick up or returns calls enough,” he says.“The level of frustration grows as all the parties try to find out what’s going on.“But we’ve seen that, by using the technology in our own conveyancing business, if you can automate that comms piece then that problem disappears. And the phone stops ringing off the hook all the time.”“We realised the tech had to be focussed on the estate agents and brokers who will use our system because right now I believe most of them have little confidence in the panel system that exists now,” he says.“The way the system has worked until now has been a smoke screen of technology that has not really assisted the introducer or the client.“An agent I know recently asked for an Excel spreadsheet of how all his transactions were progressing and it took four weeks to get to him – that she be instant, surely?”Simon says that rather than tackling problems like this, the conveyancing industry has been busy racing to the bottom as solicitors have competed on fees to ensure they are on ‘page one’ of a panel’s listings.To solve this, When You Move will offer agents a list of four or five hand-picked solicitor firms whose internal systems have been meshed via an API with its platform, but who are paid a proper fee for the work they do.Conveyancing solicitorsAgents are also able to retain or increase their referral fee, Simon claims, because Whey You Move is all tech and fewer people so it takes a smaller slice of the conveyancing fee cake than the current panel providers do because its costs are lower.“Consumers get a mobile app to track the progress of the sale or purchase, agents get a web app and quoting engine and solicitors like us because they don’t have to use ‘another system’ to use When You Move,” says Simon.When You Move prompts solicitors to update the system every three days with a progress report on each transaction and this is then sent automatically to the estate agent involved, reassuring agents that the solicitor is ‘on it’.“Most solicitors can be terrible at being proactive and some of them think it’s beneath them, so we automate that for them by building in a trigger within the platform,” says Simon.“It means the solicitor doesn’t have to think about that comms piece. we take all that away.” simon bath When You Move September 7, 2017Nigel 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 2021 Home » News » Will this end the need to chase conveyancing solicitors on the phone? previous nextProptechWill this end the need to chase conveyancing solicitors on the phone?We talk to the latest proptech platform to claim it can solve many of the problems that make dealing with solicitors such a pain for estate agents.Nigel Lewis7th September 201702,412 Viewslast_img read more

British Navy’s Smallest Squadron Gets 2013 Off to a Flying Start

first_img View post tag: Squadron British Navy’s Smallest Squadron Gets 2013 Off to a Flying Start Training & Education View post tag: gets Back to overview,Home naval-today British Navy’s Smallest Squadron Gets 2013 Off to a Flying Start View post tag: Naval View post tag: British View post tag: 2013 The smallest Squadron in the Royal Navy got 2013 off to a flying start with training off the west coast of Scotland.Late last year the Faslane Patrol Boat Squadron exchanged their two P2000 vessels – HMS Dasher and Pursuer – for Her Majesty’s Ships Raider and Tracker.The new additions are faster and more suited to the Squadron’s vital role of protecting high value shipping in and around the Clyde.And in January the crews of HMS Tracker and Raider got the chance to familiarise themselves with their new vessels, conducting a series of exercises around their usual operating area in the Firth of Clyde.The training included both crews sailing on Tracker to practice firing their armament of General Purpose Machine Guns (GPMGs) and 5.56 rifles, as well as exercising with a Search and Rescue Sea King Helicopter from HMS Gannet in Prestwick.Meanwhile, sister ship, HMS Raider remained home at HM Naval Base Clyde undergoing important engineering work.One of the vessel’s two powerful Mercedes engines needed to be replaced, a big job on any ship, but on one with a marine engineering department of just two it was a significant challenge for the crew.Luckily it was a challenge HMS Raider’s Marine Engineering Officer, Chief Petty Officer Nick Calvert, was more than up for.“We were given help from two submariner Engineering Technicians who are on long term loan to the Squadron and the rest of the crew helped where possible,” said Nick.“No engineer looks forward to a main engine change, but in the end it proved to be an interesting and at times enjoyable evolution.He joked:“I did feel a bit uncomfortable at having warfare branch ratings using tools on my new engine, though!”With the change completed and tested, HMS Raider was able to join Tracker for the next exercise – a circumnavigation of the Isle of Bute.This gave trainee officers on both ships a rare opportunity to test their pilotage and ship-handling skills navigating the narrow (even for a P2000) Kyles of Bute.“One of the best things about being based on the Clyde is having such a beautiful landscape on our doorstep”, explained Lieutenant Commander Sam Nightingale, Commanding Officer of both HMS Tracker and the Faslane Patrol Boat Squadron.“Being able to explore some of the more remote parts of our area of operations whilst developing the skills of our young officers is one of the more pleasant ways to spend a day at sea.”With the exercise successfully achieved, both ships remain on the Clyde, with one permanently at short notice to provide protection for important vessels passing through the confines of the Firth of Clyde.[mappress]Naval Today Staff, January 29, 2013; Image: Royal Navy View post tag: start View post tag: off View post tag: News by topic View post tag: Navy January 29, 2013 View post tag: flying View post tag: Smallest Share this articlelast_img read more

Oxford students only second most employable in UK

first_imgAccording to Times Higher Education’s Global University Employability Ranking 2016, Oxford University are the second best university in the UK “for delivering work-ready graduates”. The California Institute of Technology topped the Employability Ranking, despite losing out to Oxford in Times Higher Education’s September ranking of the world’s top universities.THE’s report found that the most prestigious universities were also considered to be the best at producing employment-ready graduates, with California Institute of Technology ranking first, followed by MIT, Harvard, Cambridge, and Stanford. Oxford placed seventh worldwide, narrowly losing out to Yale University.The data which went into the report was gathered from respondents in 20 countries and consisted of management-level recruiters and managing directors of international firms.Nine other universities from the UK placed in the top 100, including Imperial College London (16), King’s College London (23), and the University of Manchester (24). The US had the most universities on the list, occupying 37 spots of of the top 100 and six of the top ten.The Technical University of Munich and the University of Tokyo were the only two non-US or UK universities to rank in the top ten.John Maier, a second year Balliol PPEist, said, “This is a bitter pill to swallow. My hopes and dreams of being a corporate sellout are slipping away. I might have to do an MPhil, then DPhil, then maybe another DPhil after all.”last_img read more

Skate Park Site Headed for Vote on Thursday

first_imgCity Council will consider a resolution Thursday (April 10) to tentatively designate city property on the 500 block of Asbury Avenue as the preferred site for a new skateboard park in Ocean City.The action is necessary as part of a grant application with an April 15 deadline.But city officials spent a good portion of a constituent meeting on Saturday morning assuring neighbors that plans for the park are not final.“To say this location is a done deal is premature,” Councilman Keith Hartzell said. “I’m going to weigh this out as best I can.”A Green Acres Cape May County Recreation Grant could pay for a substantial portion of what is envisioned as a $750,000 park, and the application requires a designated site. But officials said the site potentially could be changed later (with the approval of the Green Acres program), if the application is successful. Ocean City Business Administrator Mike Dattilo points to a rough site plan for a proposed skateboard park adjacent to the Ocean City Fire Department on the 500 block of Asbury Avenue.The discussion was part of a citizen meeting called by Second Ward Councilman Antwan McClellan. He, Hartzell and Ocean City Business Administrator Mike Dattilo led the public forum April 5 at the Eighth Street Recreation Center.About 25 people attended — most were property owners interested in learning more about plans for the park.As at a Thursday council workshop and town hall meeting on the topic, nobody objected to the idea of bringing a skate park to Ocean City. But a two-hour discussion raised issues about potential impact on the neighboring Ocean City Primary School (during school hours), effect on the nearby Ocean City Historic District, parking, safety and effect on the charitable Ecumenical Council Clothes Closet (which would be displaced and moved to the opposite side of the Ocean City Fire Department).“I feel bad about the pace at which this developed,” Dattilo said to Clothes Closet representative Kris Stanwood.Stanwood said she had not heard of the proposal until news reports came out in advance of Thursday’s meetings. She expressed concerns about parking at the new proposed site — not only for customers but for volunteers and donors.Dattilo said in a “best-case scenario” the city could break ground on skate park late this year with an opening in 2015.But City Council has not yet voted officially to allocate any money (the administration included $250,000 in a capital plan for the year). There would be several other checkpoints at the council level if the project were to come to fruition.Read more about the proposal:Group Zeroes in on Skate Park Site for Ocean CityPublic Forums on Skate Park Site Set for Thursday and SaturdayNIMPS, not NIMBYs, in Ocean City Skate Park Debate__________Sign up for OCNJ Daily’s free newsletter and breaking news alerts“Like” us on Facebooklast_img read more

Do You Have the Treasures for an ‘Old Year’s Celebration’?

first_imgThe Ocean City Historical Museum has a collection of hidden treasures from the past, but a new event, an ‘Old Year’s Celebration,’ could invite the public to share their own pieces of history and nostalgia.The following query is from Ocean City Public Relations Director Mark Soifer:New event?We have been talking with the Ocean City Historical Museum about establishing a new event. It would be an “Old Year’s Celebration.” Folks would bring in their favorite keepsakes for display and give background information about them.I think we would see some very interesting things from the past. For instance, I have a six-inch-diameter JFK campaign button (huge for such an item) that I’d like to show off. Plus, a baseball signed by Joe DiMaggio when he was grand marshal of our Baby Parade in 1983. I also have a weathered outfielder’s baseball glove that dates back to the 1940s. You’d be surprised how small it is compared to the gloves that outfielders use today.Do you like such an idea? Do you have treasured items you would like others to see? Would you bring them to the museum for an “Old Year’s” exhibition? Would you be willing to come talk about these items some evening or afternoon at the museum or at least write down what they are and why they are important to you?Please let us know. Email [email protected] or call (609) 399-6111, ext. 9300.last_img read more

Sociologist wins dissertation award

first_imgChristina Cross, a postdoctoral fellow, lecturer, and incoming assistant professor of sociology, received the 2020 Dissertation Award from the American Sociological Association last month.The award recognizes the best doctoral dissertation of the year from entries submitted by scholars’ doctoral advisors or mentors. Cross completed her dissertation, “The Color, Class, and Context of Family Structure and Its Association with Children’s Educational Performance” in 2019 at the University of Michigan.Cross’s recent research critically examined the long-held assumption that a two-parent household is key to children’s educational success and wellbeing. In a paper published in the Journal of Marriage and Family, Cross found that the reality was more complex, and that minority children living outside of a two-parent family structure did not have worse outcomes than white children in similar situations.In the Harvard Gazette last fall, Cross explained her findings, stating that children who live outside of a two-parent family model tend to fare worse than those living with two parents, minority children appeared to be less adversely affected by their situations. This was in part due to existing economic disparities between white and minority earners. In the case of Black and Hispanic families, for example, Cross found that “even when they live in a two-parent family, they’re still two to three times more likely to be poor,” which affects all aspects of wellbeing.Cross will join the sociology department as an assistant professor in 2021.last_img read more

Weekend Picks: Canaan Valley Resort Wild Thing Weekend

first_imgCanaan Valley Resort in Canaan Valley, West Virginia, is inviting you to come to the valley and get wild this Saturday, March 1, for their Wild Thing Weekend. With more than 8 inches of fresh powder in the last three days and more on the way, everyone is hoping for an awesome powder weekend on the slopes. Limited lodging is still available for the weekend.  For the latest conditions, view the resort’s live webcam.Besides skiing, boarding and tubing, event activities include: a hot wing eating contest, boardercross comps, frozen t-shirt contest, and the Infamous Pond Jump. Kids will enjoy the saucer and lollipop races for the younger ones. Catch Bucky on the slopes and enjoy the outdoor live entertainment.In the evening, once the ski area closes, don’t miss the torchlight parade. Enjoy the Prime Rib Buffet in the Hickory Dining Room, DJ/Karaoke entertainment in the Laurel Lounge, and Glow Ice Skating (with free rentals). Get wild at Wild Thing Weekend.Canaan Valley Resort, 230 Main Lodge Rd., Davis, WV 26260; Reservations: (800) 622-4121last_img read more

France coronavirus death toll rises to six, 92 new cases: official

first_imgPresident Emmanuel Macron was meeting Thursday with top researchers leading the efforts to fight an outbreak that has seen authorities close around 150 schools.Government spokeswoman Sibeth Ndiaye said Wednesday that officials would probably have to raise the country’s epidemic alert to the maximum of level three, potentially leading to travel restrictions and clampdowns on public activities.”Slowing the spread will dampen the impact on the population when we go to level three, and limit the epidemic’s peak,” the health ministry said.On Thursday, Paris metro operator RATP reported that a station agent had tested positive for the virus, and had worked for several days before being hospitalized.A RATP union official said the woman had taken part in an evangelical rally last month in the eastern city of Mulhouse, where officials have said several other participants had come down with the disease. Topics : The French health ministry reported Thursday two more deaths from coronavirus infections, bringing the country’s total to six, and 92 new cases since Wednesday.It was the biggest one-day jump in the number of French cases since the outbreak began, raising the total to 377.One 73-year-old victim was in the Oise department north of Paris where a cluster of cases has been reported, the other a 64-year-old from the nearby Aisne department, the ministry said.last_img read more

Tailoring investment strategies ‘can benefit members’, says Dutch regulator

first_imgDNB’s head office in AmsterdamAt the time, Wouter Koolmees, the minister for social affairs, said that a tailored investment approach would offer older members increased certainty, whereas younger members would carry the risk required for achieving returns for their future pension.Investments ‘made to measure’ would also help to reduce tensions between the generations, DNB said.The current Dutch pensions system does not take into account differences in the risk profiles of different age cohorts, as pension funds deploy a single and uniform investment policy for all age groups.New models for the Dutch systemThe DNB researchers examined both the current pension contract comprising collective accrual of pension rights, the envisaged new contract, and a contract with individual pensions accrual.In the wake of the agreement between the government and the social partners, a steering group is currently developing two new models for the Dutch pension system.One of these pension arrangements is to focus on a collective defined contribution accrual method without financial buffers or nominal guarantees. The DNB researchers said that an age-dependent investment approach to this variant would generate an additional pension value of up to 3%.The other alternative being considered by the steering group is based on individual pensions accrual combined with a collective benefits phase – the option favoured by the Dutch government.Combined with individual pensions accrual, a tailor-made approach would increase pension outcomes by up to 6%, according to the study.DNB attributed the benefits to a more efficient allocation of both equity and interest rate risk, which would reduce the exposure of the pensions of older participants to interest rate changes. DNB said that the study’s outcome confirmed the importance of bespoke investment strategies, as was referenced in the pensions agreement reached between the Dutch government and the social partners in June. Pension fund participants would benefit from investment strategies tailored to their age and risk capacity, a study by Dutch regulator De Nederlandsche Bank (DNB) has concluded.An age-based, bespoke approach would deliver a higher and/or more stable pension for all participants under all available pension arrangements, DNB’s study found.Pension outcomes could be boosted by up to 6%, according to the regulator.The study – available here, in Dutch – was carried out by Damiaan Chen, Maurice Doll and Annick van Ool, and looked at age cohorts within pension fund populations.last_img read more