Guyana will be paid royalties, profit % from first barrel – Trotman

first_imgResponding to concerns about when profits will actually be split between ExxonMobil and Guyana, Natural Resources Minister Raphael Trotman has posited that Guyana will be paid its two per cent royalty and its percentage share of the profits from the time Exxon first starts extracting oil.“From the first barrel, Guyana will receive two per cent royalty. It will also receive a percentage of the profits. So 75 per cent of the profits will go towards (Exxon’s) cost recovery. So far, we’re looking at a billion investment,” he explained.Esso Exploration and Production Guyana Limited (Exxon’s subsidiary) is theNatural Resources Minister Raphael Trotmanoperator of the 6.6 million-acre Stabroek Block, and holder of a 45 per cent interest therein. Hess Guyana Exploration Ltd. holds a 30 per cent interest therein, and CNOOC Nexen Petroleum Guyana Limited holds a 25 per cent interest as well.The minister noted that the remaining 25 per cent of the profits would be split between Guyana, ExxonMobil and its partners. At present, the world market price for oil stands at US$50. The resource is notoriously volatile, however, and is vulnerable to the ripples caused by global politics and economics.“So 25 per cent will be shared between Government and the partners,” Minister Trotman stated. “So we’ve worked that out, and at about US$50 a barrel (of oil), Guyana is going to get a lot of money from day one.”The Government has justified the two per cent royalty by contrasting it with the 50/50 share of the profits; an arrangement that the Government has said is a reasonable one, arrived at through the advice of experts. Some had opined that a revenue-sharing arrangement would be a better option than a profit-sharing one.In May 2015, the oil giant ExxonMobil confirmed significant discovery of oil at its Liza 1 exploration well, where more than 295 feet of high-quality oil-bearing sandstone reservoirs were encountered.In late June 2016, Exxon’s drilling results at Liza 2 revealed more than 58 metres of oil-bearing sandstone reservoirs in Upper Cretaceous formations.Drilling results confirmed recoverable resources to be between 800 million and 1.4 billion barrels of oil equivalent. Data from the Liza 2 well test is being assessed.The company later announced that it made its third significant discovery in its drilling explorations offshore Guyana. Its partner, Hess Corporation, had noted that the Liza 3 exploratory well’s net value could be US$6.2 billion, based on calculations from the Bank of Montreal (BMO) Capital Markets.Exxon’s oil find in Guyana has attracted international attention.In addition, assistance is being provided by the International Monetary Fund (IMF) to boost Guyana’s administrative capacity to handle the expected inflow of revenue.last_img read more

Raikkonen says partying made him a better driver

first_img0Shares0000Alfa Romeo’s Finnish driver Kimi Raikkonen gained a reputation for his off-track lifestyle, but said finding the right work-life balance had benefited him © AFP / William WESTMELBOURNE, Australia, Mar 14 – Former world champion Kimi Raikkonen is now an elder statesman of Formula One but admits he used to be a party animal and says it made him a better driver.The Finn, known as “Iceman”, has won 21 Grand Prix since his debut in 2001 with Sauber, the team — now named Alfa Romeo — he will race for again in Melbourne this week after switching from Ferrari. Over the years, he gained a reputation for his off-track lifestyle, but the 2007 world champion said finding the right work-life balance had benefited him.“Obviously it’s been a joke often,” he told the official F1 podcast ‘Beyond The Grid’ this week when asked about his party lifestyle.“But I actually think it’s more true than a joke that I’ve often been driving better (after) doing whatever I want between the races than if I’m just not having fun and drinks and stuff.”He added: “Racing and partying — for me it was normal.”Now 39, Raikkonen put the theory to the test back in 2013 when after finishing second in the Bahrain Grand Prix he went on a 16-day binge before sobering up to finish second in Barcelona.“That whole summer was more or less racing and partying. It’s nothing new — for me it’s normal. Outside it might look a bit weird, but for me, in the past, it was a very normal story,” he said.“I always thought that (it makes you) more relaxed and you need to put more effort and concentration in (on track) because you’re a bit unsure,” he added when asked about how he dealt with the hangovers. “And then the end result comes better.”Asked if partying had ever had a negative impact on his career, he replied: “Absolutely not.”Raikkonen said that despite being in Formula One for so long, he still enjoyed his job and was looking forward to a new challenge with Alfa Romeo this season after his second stint with Ferrari came to an end.“I enjoy it, otherwise I wouldn’t be here today,” he said ahead of the opening race of the year.“The main thing is the racing and going against each other and doing everything as well as you can.“It’s painful sometimes when you do mistakes or you don’t get exactly what you want, but I guess that challenge is also the one that is enjoyable.”After starting his career with Sauber, Raikkonen joined Mclaren before moving in 2007 to Ferrari, where he was crowned world champion.He left Formula One two years later and spent two years competing in the World Rally Championship, before returning with Lotus in 2012 and then moving back to Ferrari.0Shares0000(Visited 1 times, 1 visits today)last_img read more

Pogba inspires Nigeria heartbreak

first_img0Shares0000BRASÍLIA, June 30- A Paul Pogba header and a Joseph Yobo own goal saw France edge a hard-fought contest with Nigeria 2-0 in Brasilia on Monday to reach the World Cup quarter-finals.Pogba broke the deadlock in the 79th minute, nodding into an empty net after Nigeria goalkeeper Vincent Enyeama, who plays for French club Lille, failed to collect a corner. It was a cruel moment for Enyeama, but rewarded a barrage of French pressure sparked by the introduction of Antoine Griezmann, who forced Yobo to put through his own goal in injury time.Didier Deschamps’s France will now await the winners of Monday’s other last-16 tie between Germany and Algeria, who they will meet at the Maracana in Rio de Janeiro on July 4.African champions Nigeria, meanwhile, must wait to sample the last eight at a World Cup, following defeat in their first knockout-phase match at the tournament since the 1998 competition in France.Stephen Keshi’s side nonetheless departed to the sound of warm applause from the fans crammed into the cavernous Mane Garrincha National Stadium, who allied themselves with Nigeria’s cause from the off.While France, who showed six changes, started purposefully, their final ball frequently let them down, which handed Nigeria opportunities to use their pace on the counter-attack.Emmanuel Emenike thought he had put Nigeria ahead in the 19th minute when he deftly prodded in an in-swinging cross from Ahmed Musa, but the offside flag allowed French heart rates to return to normal.France looked more threatening when they were able to bring the recalled Mathieu Valbuena into the game.When the Marseille midfielder teed up Pogba for a vicious volley mid-way through the first half, it took a stunning reflex save from Enyeama to keep the game scoreless.– Onazi stretchered off –Another intelligent pass from Valbuena then gave Mathieu Debuchy a sight of goal, but the Newcastle United right-back drilled wide.Late in the first half Emenike took aim from range, but Hugo Lloris was able to parry.Nigeria suffered a blow early in the second period when Lazio midfielder Ogenyi Onazi had to be stretchered off after an ugly, ankle-high challenge by Blaise Matuidi, who escaped with only a caution.Faced with growing Nigeria pressure, Deschamps introduced Griezmann in place of Olivier Giroud with half an hour to play and the move quickly paid immediate dividends.After Lloris had saved from Peter Odemwingie, a one-two between Karim Benzema and Griezmann set the Real Madrid man clear, but although he squeezed the ball past Enyeama, Victor Moses was on hand to hook clear.It was to prove a temporary reprieve.Yohan Cabaye, back from suspension, saw a 20-yard half-volley crash back off the bar before Enyeama had to produce a finger-tip save to touch a Benzema header over the bar.It was the second fine stop of the match from the 31-year-old, but seconds later his failure to claim Valbuena’s left-wing corner allowed Juventus midfielder Pogba to head in at the back post.Enyeama then palmed a shot from Griezmann over the bar, but France made it 2-0 at the death when Yobo, under pressure from Griezmann, inadvertently steered Valbuena’s drilled cross into his own net.0Shares0000(Visited 1 times, 1 visits today)last_img read more

‘Beating, not projectile’ killed Ebosse

first_imgCameroonian pathologist Andre Moune told AFP from Douala Wednesday that he found Ebosse had suffered upper body injuries that indicated “signs of struggle”.The official Algerian version holds that Ebosse died in hospital on August 23 from head injuries sustained as he left the pitch under a hail of objects thrown from the stands following the 2-1 loss of Ebosse’s JS Kabylie to visiting Algiers club USMA.Algerian Sports Minister Mohamed Tahmi said at the time the death had been caused by him being struck by a piece of sharp slate.The incident led to the JS Kabylie club being banned from pan-African competitions for two years, and forced to play home league matches in empty stadia.But results of Moune’s autopsy at the Ebosse family’s request flatly reject the Algerian version of events.During the struggle, the report said, Ebosse received “a blow to the head” that caused “an indentation of the skull” that impacted his brain.Other signs of violence included “rupture of cervical vertebrae” and a collarbone wound “that we believe must have been caused by a knife.”His findings have been sent to Algerian and Cameroonian authorities for further action.Tahmi has refused to comment on the autopsy results, deferring to final inquiries by Algerian justice authorities that are yet to be delivered.During Saturday’s press conference on the autopsy, Ebosse’s family said they had urged Cameroonian authorities and the Confederation of African Football to take action on the new evidence.They also noted neither JS Kabylie — where Ebosse was the top scorer last season — nor the Algerian league had made good on promises after the tragedy to provide financial compensation to the family for their loss.0Shares0000(Visited 1 times, 1 visits today) 0Shares0000DOUALA, December 18- The death of Cameroonian footballer Albert Ebosse in Algeria in August was caused by a brutal post-match beating, not an object thrown by angry fans as initially claimed, a new autopsy has found.Refuting official Algerian findings that the striker was killed by a sharp projectile thrown from the stands, the analysis by a Cameroonian pathologist claims the 24-year-old’s death was the result of “brutal aggression” during a probable locker room attack.last_img read more

Dr. Kearney Middle School currently on lockdown

first_imgFORT ST. JOHN, B.C. – The Fort St. John RCMP are currently on scene of an undisclosed incident at Dr. Kearney Middle School.Police say the situation is “well staffed and in hand”. The school is currently on lockdown as a precautionary measure only.Police are asking that parents and the public do not attend the school at this time until more updates have been provided.- Advertisement -More information will be provided through the Fort St. John twitter account @FortStJohnRCMP once the details have been confirmed.This is a developing story and we will have updates as they become available.last_img read more

Out-of-contract Algerian star wanted by Arsenal, Everton and Monaco

first_img Rachid Ghezzal in action for Lyon 1 Monaco are ready to battle Arsenal and Everton for Lyon winger Rachid Ghezzal.The Algerian is out of contract in the summer and he is refusing to pen an extension – meaning he can leave for free in July.That has alerted clubs from around Europe and both Arsenal and Everton have reportedly held talks with the 24-year-old’s agent.However, according to L’Equipe, Monaco are prepared to rival the Premier League pair for Ghezzal’s signature.The French club want to bring in a winger and they are convinced they can persuade the Lyon man to stay in France.As well as offers from England, Ghezzal is also thought to be attracting the interest of Napoli and sides in Germany.last_img read more

Andy Goldstein Sports Bar daily podcast – Thursday, March 30

first_imgJoin Andy Goldstein, Jason Cundy and friends for a new series of DAILY podcasts from the Sports Bar.Today’s upload features the best of Thursday’s show, including Daily Mirror chief football writer John Cross live in the studio, tomorrow’s back pages today and the latest edition of ‘Truth or Lies?’Listen above or click here to subscribe and download the podcast from iTuneslast_img

Marcus Rashford: Rivalry with Anthony Martial has helped me improve

first_img1 Marcus Rashford believes his duel with Anthony Martial is good for everyone at Manchester United – although the teenager sees himself as a striker rather than a wide man.Jose Mourinho’s side have enjoyed a fine start to the campaign, entering the international break second to Manchester City in the Premier League on goal difference.Rashford arrives on England duty in fine fettle having justified his return to the United starting line-up by providing two assists in Saturday’s 4-0 win against embattled Crystal Palace.Martial provided an assist of his own after replacing the 19-year-old, with the duo vying for a starting berth throughout the early weeks of the campaign – competition that appears to be benefiting both players.“Without it, you don’t improve,” Rashford said. “Young players need that sort of environment around them.“I think we’re both enjoying our football at the moment, we’re both having our say in the games, and it’s good for us, good for the manager, good for the team.”Rashford’s rise to his lofty position has been well documented, as have the virtues of those competing for the role as central striker for club and country.The in-form duo of Harry Kane and Romelu Lukaku provide quite the competition, but Rashford is keeping his head down and working hard.“That’s not in my hands,” Rashford said. “If I’m not playing there, I’m not playing there.“But wherever I’m playing, I try to get the same results. Obviously you have to do it in a different way but it’s not my decision.”Asked if he sees himself in a central role long-term, he added: “I’m a striker but if you have to play elsewhere to wait for your time, so be it.” Anthony Martial and Marcus Rashford have been competing for one starting berth this season last_img read more

Disneyland Preview — Week of May 19, 2018

first_imgDisneyland9-128-129-129-129-128-129-11 ShowSatSunMonTueWedThuFri Share This!Lobster nachos, Grad Nite, Ashley Eckstein, and Pixar Fest at Disneyland this week! Read on to find out about this and more in this week’s Disneyland preview.Special Events and NotesPhoto © DisneyThe end is nigh, and the Cove Bar is completing its victory lap! If you want to have the lobster nachos in their native habitat, get yourself to Disney’s California Adventure soon, as Cove Bar will be closing for good on May 29, 2018 to begin its change to the Lamplight Lounge. While the lobster nachos will be reappearing at that locale, the Cove Bar will not, so if you’d like to visit it one last time, the time to do so is now!Are you a fan of Ashley Eckstein from Star Wars: The Clone Wars? She’s going to be signing copies of her new book, “It’s Your Universe” on May 25 at the WonderGround Gallery in Downtown Disney from 6 to 8 pm.Grad Nite continues to be hosted at Disney California Adventure on the regular at this time of year. That park will host a private party after regular park hours, but expect more teenagers in the parks that day prior to the evening event as well. This week, Grad Nite will fall on Saturday, Tuesday, and Wednesday.It’s also still Pixar Fest! During this festival, which runs through September 3, you’ll find Pixar-themed fireworks and the Pixar Play Parade at Disneyland Park, and the return of Paint the Night at Disney California Adventure, though you’ll also encounter other Pixar-focused activities and opportunities. There will also be special dining opportunities available, as one would expect, and the Alien Pizza Planet is open at Disneyland Park for the occasion. Make sure you check out Rikki’s preview of the Festival!As is often the case for these events, there is a special area for Passholders. Stop by the AP Corner for Pixar decals (new ones rotating in every two weeks) and themed photo locations. The AP Corner can be found at Paradise Gardens at Disney California Adventure and runs through June 8.Speaking of Annual Passholders, there is now a Churro Challenge for you taking place for Pixar Fest through June 8! Grab an event map for $5, and then head out on a scavenger hunt throughout the resort to eat churros and collect what Disney calls “a cool, commemorative surprise.” Anyone done it and know what it is yet?  Let us know in the comments below.  Either way, though, there are worse ways to spend a day than eating a bunch of churros. Get more details, including where to get your maps, here.CrowdsSteady, slightly above average crowds this week, as is typical for this time of year. You’ll see level 7 and 6 crowds most days, with Friday predicted to have the lowest crowds.Full details, including park-by-park crowd levels, are available on our Crowd Calendar.WeatherAnother very nice week in Anaheim (surprise, surprise).  Highs in the mid-to-upper 70s, lows in the upper 50s and no rain.As always, it’s wise to double check the weather as the day of your visit approaches. Check out the most up-to-date forecast here.ShowsDisneyland has a special slate of shows running for a bit for Pixar Fest, with the evening fireworks at Disneyland Park being replaced by Together Forever – A Pixar Nighttime Spectacular (featuring a flying Buzz Lightyear!) and World of Color being replaced by the Paint the Night parade at DCA. Also, the Pixar Play Parade joins the daytime schedule at Disneyland Park. Fantasmic! will continue to run, but only on Friday, Saturday, and Sunday. Detailed show schedules, including smaller diversions like Jambalaya Jazz, can be found here. Admission and HoursThere are a few more blockouts than normal this week as we get closer to summer. Southern California Select Passholders are blocked out Saturday, Sunday, and Friday, Southern California Passholders are blocked out Saturday and Friday, and Deluxe Passholders are blocked out on Saturday. All other passes are honored every day this week. For those of you buying tickets as day guests, single-day tickets are at Regular Price ($117/$110) Saturday and Sunday, Peak Price ($135/$127) on Friday, and Value Price ($97/$91) the remainder of the week.Regular park hours (excluding Extra Magic Hours/Magic Mornings) are as follows this week: Pixar Fireworks1111111 California Adventure9-98-109-99-99-98-109-9 Paint The Night1111111 SatSunMonTuesWedThurFri Pixar Play Parade2211112 Fantasmic!2200002 As per usual, the parks will open one hour early for eligible guests at Disneyland Park Saturday, Tuesday, and Thursday, and at Disney California Adventure Sunday, Monday, Wednesday, and Friday. Resort guests can take advantage of these hours every day of their stay for Extra Magic Hours, while guests eligible for Magic Mornings can use that benefit one day at Disneyland Park only. Full park hours can be found by clicking on each date in the Crowd Calendar.RefurbishmentsThe refurbishment list is thankfully pretty short right now. At Disneyland Park, Pirates of the Caribbean is closed through June 8 to transition to the new auction scene. Over at California Adventure, the Boardwalk Games at Paradise Pier, Carousel and Pixar Pal-A-Round (f/k/a Mickey’s Fun Wheel) are closed during the area’s conversion to Pixar Pier, and World of Color is dark during Pixar Fest, but the remainder of the park is all up and running. Check out our refurbishments page for details on exactly what will be down and for how long.Looking ahead, Disney recently announced that “a bug’s land” would be closing to make way for more Marvel attractions at California Adventure. It will be going away for good towards the end of the summer, so make sure you plan ahead if you’d like to see it before it disappears.That should do it for this week’s preview. Check back next week and every week to find out what’s coming down the pike. Got questions? Aware of anything else that prospective guests should know about? Let us know in the comments.last_img read more

Wausau East rallies to beat Marshfield softball

first_imgTigers end Valley season with 3-9 recordBy Paul LeckerSports ReporterWAUSAU — Wausau East scored runs in the final three innings to pull past Marshfield 3-2 in a Wisconsin Valley Conference softball game Thursday at East High School.Marshfield led 2-0 after a two-run second inning. Mary Kloos walked and came around to score on an error, and Emily Draeger had an RBI double to put the Tigers on top.The lead held for three innings until East broke through with single runs in the fifth and sixth.Olivia Zipperer had a two-out RBI single in the fifth, and Callie Heinrich drove in a run in the sixth to tie the game 2-2.Zipperer walked with one out in the seventh, went to second on a groundout, and scored on a single by Angela Flashinski to win it for the Lumberjacks (8-14, 3-9 Wisconsin Valley Conference).Marshfield left 11 runners on base in the loss.The Tigers finish the Wisconsin Valley Conference slate with a 3-9 record and in a tie for fifth place with East. Marshfield will wrap up its regular-season schedule with a nonconference game at home against Mosinee on Friday at 4:30 p.m. at the Marshfield Fairgrounds.The Tigers (9-13 overall) will then turn to the postseason. Marshfield is the No. 10 seed in its Division 1 sectional and will play at No. 7 Eau Claire North at 5 p.m. next Wednesday.“Struggled to get runners in once we would get them on base,” Marshfield coach Mike Voss said. “We had plenty of opportunities tonight. Megan pitched a good game for us. We just needed to get some offense going behind her.”(Hub City Times Sports Reporter Paul Lecker is also the publisher of MarshfieldAreaSports.com.)Lumberjacks 3, Tigers 2Marshfield 020 000 0 – 2 7 0Wausau East 000 011 1 – 3 7 3WP: Olivia Zipperer. LP: Megan Donahue.SO: Donahue 7; Zipperer 7. BB: Donahue 3; Zipperer 3.Top hitters: M, Emily Draeger 2×3, 2B; Lexi Dupee 2×4, 2B. WE, Angela Flashinski 2×4; Hailey Rottier 2×3.Records: Marshfield 9-13, 3-9 Wisconsin Valley Conference; Wausau East 8-14, 3-9 Wisconsin Valley Conference.last_img read more