Accused Appalachian Trail killer will use insanity defense

first_imgThe night of the murder, Jordan confronted Sanchez and three other hikers along the trail. When the group set up camp that night, Jordan appeared again and threatened to burn them in their tents. The hikers tried to leave, and Jordan pulled a knife. Two hikers ran and Jordan chased them, but the hikers escaped. Jordan then approached Sanchez and a female hiking companion. As the female hiker watched, Jordan stabbed Sanchez to death. Jordan is accused of stabbing Sanchez to death in May 2019 after he encountered him along the trail in Wythe County, Va. Before the stabbing, Jordan had threatened and intimidated other hikers along the trail, authorities say.  Reports show that the female hiker ran and, as she began to tire, Jordan caught up with her and stabbed her, too. She played dead and Jordan left to “find his dog,” according to an affidavit. The injured female hiker than ran down the trail and encountered a male and female hiker who helped her walk 6 miles and call for help. Jordan has a history of mental illness but was deemed fit to stand trial back in June after months of treatment and evaluation at the federal Bureau of Prisons’ Federal Medical Center in Butner, N.C. At the time, a judge found no “reasonable” cause to believe Jordan was suffering a mental disease or defect. James A. Jordan, the hiker accused of killing fellow thru-hiker and Iraq War veteran Ron Sanchez, and seriously wounding an anonymous female hiker, says that he was insane at the time of the crimes, WBIR reports. Jordan’s lawyer filed the notice last week in Abingdon, Va. U.S District Court, where Jordan is being held while awaiting trial.last_img read more

Panamá de Arauca: an interagency consolidation project

first_imgThe new closeness with the community in addition to the Defense Ministry’s faithful commitment to safety, have achieved strategic results from the production and transport of crude oil. Incidents and attacks on convoys have been reduced by 65%, and the community began to report attacks. Such reports in the past were minimal to non-existent. The government and companies were acting independently to address their separate concerns over maintaining state institutions and concerns over the defense of corporate resources. This has cost both valuable time, which in turn has benefited the criminal groups. Thanks to the willingness of the community and the organizations involved, the consolidation project gradually began to bear fruit, and the objectives were fully realized within months. The government and companies were acting independently to address their separate concerns over maintaining state institutions and concerns over the defense of corporate resources. This has cost both valuable time, which in turn has benefited the criminal groups. Phase 1 began immediately thereafter. The community would be the main beneficiary of this phase’s main goals of school improvements, health brigades, and free school supplies, in addition to new studies on the feasibility of community-based foundations and enterprises. In 2012 and 2013, the Panamá de Arauca region faced kidnappings, extortion, and attacks on vehicles and employees in the public and private sectors. The criminal alliances worked to turn this area into a strategic corridor in their plan to weaken the Colombian government. Although only half of the project has been completed, the most important part has been getting started and engaging institutions, which is already a reality. As shown by the steady results from the initial phases, the success of the consolidation plan is guaranteed. Thanks to the willingness of the community and the organizations involved, the consolidation project gradually began to bear fruit, and the objectives were fully realized within months. The National Police have begun to take better control of registering people and vehicles. They have also initiated a communications strategy for the project. The four phases, still in development, aim to improve community life and mobility in the area, as well as increase the visibility of projects and activities in the region to promote the institutions involved in the consolidation plan. Similarly, and no less importantly, the goal is for the community ultimately to assume responsibility for peaceful communities as the engine of social and economic progress. Phase 0 and/or the preliminary phase – one of the most difficult – required pairing institutions to work together, and engaging them in the economy and in society. This phase started in 2013. They created an action plan to build a stronger police presence and enact a permanent budget for development in the area. This town has traditionally been a vital economic center for Orinoco regional development (as this area of the country is known) because its vast plains hide large oil fields that have contributed significantly to Colombia’s economy. As a region consisting primarily of plains, Panamá de Arauca boasts livestock and dairy activities. This provided the participants with an opportunity for community support by providing equipment and improving livestock facilities, an important source of income for thousands of people in Arauquita. The logo promoting the consolidation plan has butterfly wings in the colors of the institutions involved, and represents the butterfly effect that a small town in Colombia is beginning to have on the world. Phase 1 began immediately thereafter. The community would be the main beneficiary of this phase’s main goals of school improvements, health brigades, and free school supplies, in addition to new studies on the feasibility of community-based foundations and enterprises. Although only half of the project has been completed, the most important part has been getting started and engaging institutions, which is already a reality. As shown by the steady results from the initial phases, the success of the consolidation plan is guaranteed. The Plan consists of four phases to integrate entities of the Colombian state oil company Ecopetrol, the National Defense Ministry’s Advisory Campaign Group (GAC), the Armed Forces General Command, the National Army, the Office of the Prosecutor General, the Administrative Unit for Territorial Consolidation (UACT), the municipal government of Arauca, the municipal government of Arauquita, and private enterprises. The participants realized that an interagency commitment would be essential to resolve the crisis. Panamá de Arauca is a town in the municipality of Arauquita, in the department of Arauca in eastern Colombia, on the border with neighboring Venezuela. Currently, the two final phases to consolidate the state’s presence and operations in Panamá de Arauca are being implemented. The National Learning Service (SENA), the Colombian Institute for Family Welfare (ICBF) and the Colombian Institute of Sports (Coldeportes) have joined the institutions already involved. The four phases, still in development, aim to improve community life and mobility in the area, as well as increase the visibility of projects and activities in the region to promote the institutions involved in the consolidation plan. Similarly, and no less importantly, the goal is for the community ultimately to assume responsibility for peaceful communities as the engine of social and economic progress. Unfortunately, it is not only the government and major national and international companies that have established a presence in this strategically and economically important area of Colombia. In addition, the underground riches have attracted guerrillas and terrorist groups, who intend to stem the growth of the region, one way or another. The logo promoting the consolidation plan has butterfly wings in the colors of the institutions involved, and represents the butterfly effect that a small town in Colombia is beginning to have on the world. The National Police have begun to take better control of registering people and vehicles. They have also initiated a communications strategy for the project. One of the most urgent needs in the region is a dairy processing center. An analysis was conducted in this phase to determine what was required to make the center viable and affordable for the community. However, after looking at how the growing problem has not only caused economic losses but the deaths of dozens of farmers, employees, soldiers and police, government institutions decided to take action on the issue and draft the Strategic Recovery and Consolidation Plan for Panamá de Arauca. One of the most urgent needs in the region is a dairy processing center. An analysis was conducted in this phase to determine what was required to make the center viable and affordable for the community. Panamá de Arauca is a town in the municipality of Arauquita, in the department of Arauca in eastern Colombia, on the border with neighboring Venezuela. This town has traditionally been a vital economic center for Orinoco regional development (as this area of the country is known) because its vast plains hide large oil fields that have contributed significantly to Colombia’s economy. Unfortunately, it is not only the government and major national and international companies that have established a presence in this strategically and economically important area of Colombia. In addition, the underground riches have attracted guerrillas and terrorist groups, who intend to stem the growth of the region, one way or another. However, after looking at how the growing problem has not only caused economic losses but the deaths of dozens of farmers, employees, soldiers and police, government institutions decided to take action on the issue and draft the Strategic Recovery and Consolidation Plan for Panamá de Arauca. Once the goals of these last two phases have been fully met, the families of Panamá de Arauca should notice an evident increase in their resources, and incidents against the economy will surely be reduced nearly to zero. Interestingly, the riches of this area have led outlaw groups such as the Revolutionary Armed Forces of Colombia (FARC) and the National Liberation Army (ELN) to establish criminal alliances in order to intimidate civilians and companies interested in developing the region. This threatens to jeopardize the government’s institutions and absolute control over the area. The new closeness with the community in addition to the Defense Ministry’s faithful commitment to safety, have achieved strategic results from the production and transport of crude oil. Incidents and attacks on convoys have been reduced by 65%, and the community began to report attacks. Such reports in the past were minimal to non-existent. By Dialogo November 12, 2014 Phase 0 and/or the preliminary phase – one of the most difficult – required pairing institutions to work together, and engaging them in the economy and in society. This phase started in 2013. They created an action plan to build a stronger police presence and enact a permanent budget for development in the area. This was an important step because the community began to recognize the project and participants. They also began to feel the benefits from the program. For example, the Pedro Nel Jiménez school was remodeled to serve not only the students, but the community as well. The school will be used to hold meetings and healthcare-related activities. As a region consisting primarily of plains, Panamá de Arauca boasts livestock and dairy activities. This provided the participants with an opportunity for community support by providing equipment and improving livestock facilities, an important source of income for thousands of people in Arauquita. In 2012 and 2013, the Panamá de Arauca region faced kidnappings, extortion, and attacks on vehicles and employees in the public and private sectors. The criminal alliances worked to turn this area into a strategic corridor in their plan to weaken the Colombian government. This was an important step because the community began to recognize the project and participants. They also began to feel the benefits from the program. For example, the Pedro Nel Jiménez school was remodeled to serve not only the students, but the community as well. The school will be used to hold meetings and healthcare-related activities. In short, this consolidation plan is a great example of how a well-led project allows the government, law enforcement, private enterprise and the community to reclaim their legitimacy in a territory that should never have been at the mercy of criminals. Interestingly, the riches of this area have led outlaw groups such as the Revolutionary Armed Forces of Colombia (FARC) and the National Liberation Army (ELN) to establish criminal alliances in order to intimidate civilians and companies interested in developing the region. This threatens to jeopardize the government’s institutions and absolute control over the area. In short, this consolidation plan is a great example of how a well-led project allows the government, law enforcement, private enterprise and the community to reclaim their legitimacy in a territory that should never have been at the mercy of criminals. Too bad the author of this article, General (retired) Gonzales Villamil does not remember the famous Eduardo of the ELN with whom he communicated and other things… Currently, the two final phases to consolidate the state’s presence and operations in Panamá de Arauca are being implemented. The National Learning Service (SENA), the Colombian Institute for Family Welfare (ICBF) and the Colombian Institute of Sports (Coldeportes) have joined the institutions already involved. Once the goals of these last two phases have been fully met, the families of Panamá de Arauca should notice an evident increase in their resources, and incidents against the economy will surely be reduced nearly to zero. The Plan consists of four phases to integrate entities of the Colombian state oil company Ecopetrol, the National Defense Ministry’s Advisory Campaign Group (GAC), the Armed Forces General Command, the National Army, the Office of the Prosecutor General, the Administrative Unit for Territorial Consolidation (UACT), the municipal government of Arauca, the municipal government of Arauquita, and private enterprises. The participants realized that an interagency commitment would be essential to resolve the crisis. last_img read more

Appealing to millennials in 4 easy steps

first_img 34SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Liz Garster Liz Garster is AVP of Marketing & Client Services at TwoScore, a firm dedicated to helping credit unions achieve their strategic goals through marketing. Working in credit unions for over … Web: www.twoscore.com Details Hi, I’m here. You know, that Millennial that you want to join your credit union so badly? I’m sorry it took me a while to make it into your – oh, what do you call it? Branch? I overslept in my parents’ basement after a long night of polishing my participation trophies, and of COURSE had to squeeze in a quick avocado toast and mimosa brunch before heading over.(Okay, sarcasm aside, avocado toast easily ranks in my top 10 favorite foods, but if you pay $19 for it you’re really doing it wrong…)I’ve heard through the grapevine that my generation is the hot topic of your board meetings and strategic planning sessions. You want more people like me to bank with you to keep the credit union movement thriving. Always wanting to help, I’m here to give you what you’ve been asking for – a step-by-step guide outlining how you can appeal to me and my cohorts in four easy steps!STEP 1: Remember, we’ve been here before.While Millennials are talked about like they’re aliens in the media, it’s important to remember that older generations have long been mystified by younger generations and what motivates them. For example, while the quote below could have easily been written two weeks ago, the author of this Time Magazine cover story from July 1990 is making generalizations about Generation X, not Millennials:“They have trouble making decisions. They would rather hike in the Himalayas than climb a corporate ladder… They crave entertainment, but their attention span is as short as one zap of a TV dial… They postpone marriage because they dread divorce.”My generation isn’t the first—and it won’t be the last—to be labeled as narcissistic. Self-absorption is a trait often left behind as people age, so that reputation will begin to fade as Millennials get older (just in time for everyone to say the same thing about Generation Z!). So the fewer comments you can make about us not wanting houses or not caring about our retirement as you open our accounts, the better.STEP 2: Consider the humanity of Millennials.Reframe questions like “How do we connect with Millennials?” to “How do we connect with people?” Because at the end of the day, that’s all Millennials are. Just like any other bunch, we want to feel financially safe and secure. We have the same basic needs like transportation, food, and shelter that require money to fulfill. We want to believe we’ve made a good choice in selecting a financial partner. A generation can’t shift the foundation of credit unions’ “people helping people” philosophy. Listen to our financial needs and dreams and offer your assistance – just like you would anyone else.STEP 3: Don’t invest in technology for technology’s sake.Don’t overstretch to fill your credit union with shiny objects meant to entice us as “tech savvy” people. Technology, of course, is increasingly important in a world that is constantly innovating and evolving; however, if the technology you implement doesn’t provide a simple and efficient user experience, it’s time to re-evaluate.  Rolling out underdeveloped or underperforming technological tools for the sake of being able to advertise them is always a bad move because as members adopt them and realize they’re cumbersome, you’ve branded yourself as the credit union with a clunky user experience. Millennials aren’t attracted to shiny new tech if it doesn’t do its job (and neither is anyone else). STEP 4: Stay true to who you really are.You might think it’s a great idea to completely redecorate your branch to look like the Apple store that just opened up at the mall.  Just remember, we love you just the way you are, really. If that’s not your brand, Millennials will sense it.  As long as you know your brand and embrace your differentiator(s), we’re likely to be enticed to do business with you. Straying from your credit union’s brand in the name of connecting with Millennials will only lead to service inconsistencies and a weakened brand experience, guaranteeing members of ALL generations will be heading for the door.last_img read more

Hempstead Man Sentenced for Murder

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A Hempstead man was sentenced Tuesday to 25 years to life in prison for fatally shooting a 23-year-old man four years ago.Michael Gibson was convicted of second-degree murder and criminal possession of a weapon in June at Nassau County court.The 35-year-old gunman shot and killed Joseph Bolling, also of Hempstead, following a fight outside the Seduccion night club at 3 a.m. on Sept. 3, 2011.The victim was taken to Winthrop-University Hospital, where he died. Authorities apprehended Gibson in North Carolina three months later.last_img read more

Ground beef recall expands as more E coli illnesses probed

first_img “Because the health and safety of our consumers is our top priority, we are taking these expansive measures,” said Geoffrey Livermore, vice president of operations at Topps, in a press release. Sep 29 USDA press release Sep 28 New York Health Department press release Oct 1, 2007 (CIDRAP News) – A New Jersey meat company recently expanded a recall of its ground beef to include 21.7 million pounds of frozen products that have been linked to as many as 25 Escherichia coli O157:H7 infections in eight states. Following a massive ground beef recall in 2002, the USDA required meatpacking plants to review their safety systems and take specific steps to reduce E coli contamination. The agency said the steps led to declines in contamination found by USDA sampling and fewer ground beef recalls. Jun 11 CIDRAP News story “Six-state E coli outbreak blamed on ground beef” Health officials are investigating 25 E coli O157:H7 illnesses that may be linked to the Topps ground beef, the USDA said. The cases include patients from Connecticut, Florida, Indiana, Maine, New Jersey, New York, Ohio, and Pennsylvania. Recent major outbreaks of E coli O157:H7 have been linked with fresh produce, but overall the pathogen has more commonly been found in ground beef. The strain produces a toxin that causes diarrhea—often bloody—and abdominal cramps but typically no fever. The illness usually resolves in 5 to 10 days, but it can cause hemolytic uremic syndrome, potentially leading to kidney failure or death, in 2% to 7% of patients. Products that are the subject of the recall were distributed to grocery stores and food service institutions throughout the United States, the company statement said. The recalled products have “sell by” or “best if used by” dates ranging from Sep 25, 2007 to Sep 25, 2008. All recalled products have the USDA establishment number EST 9748 printed on the back panel of the package or within the USDA label, according to the USDA statement. Topps said it believes that most of the recalled product has already been consumed. The recall was first announced by Topps Meat Company, based in Elizabeth, on Sep 25 but was expanded on Sep 29 after the New York Department of Health (NYDH) found more of the company’s product samples were positive for E coli O157:H7, according to the US Department of Agriculture (USDA) Food Safety and Inspection Service (FSIS). Additional reports of illnesses and a food safety assessment from the FSIS also contributed to the expanded recall, according to the USDA statement. See also: The initial recall of 331,582 pounds of the company’s frozen ground beef products was prompted by an investigation by the NYDH and the US Centers for Disease Control and Prevention (CDC) into a reported cluster of illnesses in northeastern states, according to a Sep 25 press release from the USDA. However, industry and health officials are concerned that some of the safety gains have eroded. US meat producers have issued eight recalls related to E coli contamination so far this year, which is more than they issued during all of 2006, according to previous news reports. Sep 25 USDA press releaselast_img read more

Sanders takes lead in New Hampshire Democratic primary, Biden lags badly

first_imgBiden, the former vice president, was a distant fifth in the early results with 8.5%, behind Senator Elizabeth Warren with 9.4%. Biden, sensing the disappointing result, left New Hampshire for South Carolina before the results started rolling in.The results began to thin the field of Democrats seeking the right to take on Trump in the Nov. 3 election, with businessman Andrew Yang and Senator Michael Bennet dropping out after the polls closed and it became clear they would finish well out of the running.The moderate Biden was limping to his second consecutive disappointing finish after a fourth-place result in Iowa. He is certain to face growing questions about his ability to consolidate moderate support against a surging Buttigieg and Klobuchar.Biden, 77, fared poorly in two previous runs for president before winning election in 2008 as President Barack Obama’s No. 2. He hopes to stay afloat this time until the Feb. 29 contest in South Carolina and a series of contests in other Southern states on Super Tuesday on March 3, where his support among African-Americans will be a strength. Progressive Senator Bernie Sanders led New Hampshire’s Democratic presidential primary on Tuesday, and former front-runner Joe Biden trailed badly in a bruising setback that raises doubts about the viability of his campaign.In the second nominating contest to find a challenger to Republican President Donald Trump in November, Sanders had 27%, while Pete Buttigieg, the moderate former mayor of South Bend, Indiana, was at 24% with 65% of precincts reporting.Senator Amy Klobuchar, looking for a breakthrough after a strong debate performance on Friday, was in third with 20%. “It ain’t over, man. It’s just getting started,” Biden told supporters in South Carolina.Results rolled in relatively quickly, and Democrats in New Hampshire were confident they would have smoother sailing than in Iowa, where embarrassing technical problems delayed vote-counting and the results for days. Buttigieg narrowly beat Sanders in Iowa, but both campaigns have asked for a partial recanvass of results.On the Republican side, Trump was projected to win the state’s presidential primary, easily defeating rival William Weld, the former governor of neighboring Massachusetts, according to early exit polling compiled by Edison Research.Democratic voters in New Hampshire chose a candidate from a ballot with 33 names, including candidates who dropped out weeks ago. But it did not include former New York Mayor Michael Bloomberg, a billionaire who is not competing in any states before the 14 Super Tuesday primaries on March 3.Sanders had taken a lead in recent opinion polls in New Hampshire despite a barrage of criticism from rivals who warned his far-left views would lead the party to defeat against Trump. His win will enhance those worries among the party establishment.Sanders, 78, who represents neighboring Vermont in the Senate, won New Hampshire easily over rival Hillary Clinton with 60% of the vote in his unsuccessful bid for the party’s nomination four years ago.MORE DIVERSE BATTLEGROUNDS AHEADAfter Iowa and New Hampshire, small and rural states with predominantly white populations, the race will move on to more diverse battlegrounds that pose new tests.Up next will be the Feb. 22 caucuses in Nevada, which has a large Latino population, and the Feb. 29 primary in South Carolina, which has a large African-American population.”Because of you, we are taking this campaign to Nevada,” Klobuchar told supporters in New Hampshire.Warren said it would be a long, drawn-out battle for the nomination and the race was far from over. She decried the party’s infighting and called for unity as the contest moves on.”These tactics might work if you’re willing to burn down the party to be the last man standing,” Warren said in New Hampshire. “We win when we come together.”Democrats in New Hampshire and in the other states that will vote in the state-by-state battle for the Democratic nomination are trying to decide whether they want to pick a moderate like Buttigieg, Klobuchar, Bloomberg and Biden, or progressive leaders like Sanders and Warren, who represents neighboring Massachusetts.The departures of Yang and Bennet left nine Democratic candidates still running.Yang, 45, who was bidding to be the country’s first Asian-American president, had surprised many observers by qualifying for debates and remaining in the contest longer than some veteran politicians.Bennet, 55, a moderate from Colorado who had stressed improving education for Americans, told supporters it was “fitting” to end his campaign in New Hampshire, where he had campaigned heavily.Topics :last_img read more

Governor Wolf Announces $2.5 Million Grant for West Scranton Revitalization Project

first_img September 23, 2016 SHARE Email Facebook Twitter Jobs That Pay,  Press Release Scranton, PA – Governor Tom Wolf today joined Senator John Blake and Representative Marty Flynn to announce $2.5 million in funding to support the design, construction, and development of a multiple-story, 15,000 square foot building on a blighted block of West Scranton.“Through this investment, we will create new construction and job opportunities, and will help to complement the existing medical corridor being established in West Scranton and revitalize a blighted property,” Governor Wolf said. “This type of project is exactly what the commonwealth should be funding – one that provides new opportunities for businesses to grow here and provides hope for a neighborhood on the upswing.”The Redevelopment Capital Assistance Program (RACP) funds will help the City of Scranton support the nearly $5.5 million total cost of the project.“The West Scranton Revitalization Project will provide incredible resources for the community by adding a physical therapist office, a state-of-the-art bio-tech office and much-needed market-rate housing,” said Senator Blake. “I applaud Governor Wolf and the Office of the Budget for their work to identify this project as a priority and ultimately deliver $2.5 million in state funding to West Scranton.”“This administration continues to move forward in strengthening our economy through the creation of good, solid jobs throughout our commonwealth,” said Rep. Flynn. “The new facility that will be completed here will provide for many construction jobs for our skilled trades and then permanent jobs in the medical, health and bioscience field. I look forward to working with Governor Wolf in bringing in more economic development to Lackawanna County.”The property is located along the 1100-block of Main Avenue in West Scranton, an area experiencing a degree of redevelopment as a consequence of the immediate downtown redevelopment near Mount Pleasant Corporate Center, whose tenants include Geisinger Health System, Physicians Health Alliance, Lab Corp, and Valley Oral & Maxillofacial Surgery.The first floor of the new facility will be occupied by a regional Physical Therapy & Rehabilitation Center, a family owned and operated business in multiple counties since 2003. The physical therapy offices will complement the existing businesses located in the existing medical corridor being established in West Scranton. The second floor will be marketed to the bioscience industry-on the heels of the Northeastern Pennsylvania Regional Bioscience Initiative. In 2012, the Northeastern Pennsylvania Regional Bioscience Initiative (NEPA RBI) was developed by area healthcare, education, government, private sector, and economic development leaders, focused on increasing life science careers and business opportunities within the region.Like Governor Tom Wolf on Facebook: Facebook.com/GovernorWolfcenter_img Governor Wolf Announces $2.5 Million Grant for West Scranton Revitalization Projectlast_img read more

Russian roundup: Non-state funds’ Q1 returns average 5%

first_imgRussian non-state pension funds (NPFs) returned an annual weighted average investment return of 5% in the first quarter of 2017, according to sector regulator Central Bank of Russia (CBR).The funds recorded a more modest 2.5% gain for pension reserves. Meanwhile, inflation for the period was 3.7%.The year-to-date returns of the 38 NPFs currently signed to the Deposit Insurance Agency’s guarantee scheme (a condition for continuing to participate in Russia’s compulsory second-pillar system) varied widely, from a gain of 12.2% to a loss of 5.4%.Regulator’s diversification push While the CBR has yet to publish the aggregate portfolio asset breakdown, it is likely to show a continuing increase in corporate bonds and shares, which accounted for 50.2% and 17.3% respectively at the end of 2016.The regulator has been encouraging this trend towards investment in the ‘real economy’ by lowering the cap on deposits and other bank instruments, and liberalising investment in the corporate sector.This February it published proposals to further shrink the current cap on banking sector investment, which is currently 40%.The bank also said it wanted the NPFs to start selling out of mortgage participation certificates, with only those securities holding a valuation from an independent appraiser being held to maturity.To boost investment in the technology sector, NPFs will be allowed to invest up to 5% of a portfolio in companies quoted on the Moscow Exchange’s IIM-Prime segment.Savings rate upDespite a continuing moratorium on the 6% contribution rate to NPFs, in place since 2014, since the start of the year pensions savings grew by 11.2% in Russian rouble terms, to RUB2.4trn (€38.2bn). Membership grew by 15.4% to 34.4m.This growth reflected the continuing success of NPFs attracting clients away from the State Management Trust Company, which runs the pensions system for state-owned Vnesheconombank (VEB).A large share of VEB’s savers invested there by default.Second pillar reforms shelvedIn separate news, Russian daily newspaper Izvestia has reported that the individual pension capital account (IPC) system drafted by the CBR and finance ministry to replace the current second pillar in 2019 is set to be put on ice for a year.The IPC has been described as ‘quasi-voluntary’, meaning savers would be automatically enrolled unless they specified otherwise. This has been strongly opposed by the Russian labour ministry, and deemed by some experts to be illegal.According to Izvestia, the IPC project will be discussed as part of the reform of the entire pensions system after next year’s presidential election.The reform will have to tackle the politically explosive issue of raising the retirement age, which is currently 55 years for women and 60 years for men.last_img read more

BP and Reliance Authorize Second Stage of KG D6 Gas Fields Project

first_imgBP and Reliance have sanctioned the ‘Satellite cluster’ project in Block KG D6. The companies are moving forward to develop the Block’s discovered deep-water gas fields in an integrated series of projects, bringing new gas production for India.The ‘Satellite cluster’ is the second of three projects in the Block KG D6 integrated development.The first of the projects, development of the ‘R-Series’ deep-water gas fields, was sanctioned in June 2017.Together the three projects should develop a total of about 3 trillion cubic feet of discovered gas resources with a total investment of c. INR 40,000 crore (US$6 billion). They are expected to bring a total c. 30-35 million cubic meters (1 billion cubic feet) of gas a day new domestic gas production onstream, phased over 2020-2022.Mukesh Ambani, chairman and managing director of Reliance, said: “In consonance with our announcements last year to raise domestic gas production, we are delighted to announce the on-schedule progress of the Satellite cluster in the east coast of India. This development supports the country’s imminent need of increasing domestic gas supply and is a firm step towards making India a gas-based economy.”“This latest investment is a further demonstration of BP’s commitment to India. Through our partnership, Reliance and BP are able to develop these discovered gas resources efficiently and economically, working closely with the Government of India. These new developments will produce much needed energy for India’s thriving economy.” Bob Dudley, group chief executive.Integrated field development of deep-water gas fieldsThe Satellites cluster is a dry gas development and comprises four discoveries with five well subsea development in approximately 1700 meters water depth, up to ~15 kilometers east and southeast of the producing D1D3 fields in KG D6.The first of the KG D6 projects to be sanctioned, the R-series project, is already in execution phase with all major contracts awarded. The Satellites cluster project will draw on execution synergies with the R-series project being developed concurrently.India today consumes over 5 billion cubic feet a day of natural gas and aspires to double gas consumption by 2022. Gas production from the integrated development is expected to help reduce India’s import dependence and amount to over 10% of the country’s projected gas demand in 2022.last_img read more

Boskalis pens $120M deals for marine transport, including a record-breaking FPSO move

first_imgDutch marine contractor Boskalis has recently won a batch of marine transportation contracts including a record-breaking FPSO transport deal for its giant BOKA Vanguard semi-submersible vessel.For Illustration only: Boskalis’ BOKA Vanguard carrying an FPSO / Image source: BoskalisBoskalis said the recent contracts were awarded by a variety of clients and carry a combined value of approximately $120 million.While it didn’t name the clients, Boskalis said the execution of the majority of projects is scheduled to take place in 2021 and 2022. The company will see four of its heavy lift and transportation vessels employed for these projects – BOKA Vanguard, Blue Marlin, Black Marlin, and White Marlin.As mentioned earlier, Boskalis said that the contracts include a weight record-breaking FPSO transportation deal.“Following last year’s transportation of a sizable box-shaped FPSO, Boskalis secured a contract to transport a similar FPSO from China to Brazil. With a weight exceeding 91,000 tons this marks another record-breaking transport for the BOKA Vanguard, which is scheduled to commence at the end of 2019,” Boskalis said, without providing further details.As for the previous record, Boskalis in April 2018 said the Boka Vanguard – one of the world’s largest semi-submersible heavy lift vessels – was getting ready to load a 90,000-ton FPSO unit – equivalent to the weight of approximately 300 Boeing 747s  – the heaviest cargo ever to be transported by a semi-submersible heavy lift vessel.FPSO for North Sea, FPUs for GoMApart from the new record-breaking FPSO contract, Boskalis on Wednesday it had secured a contract for the transportation of various large LNG modules from a fabrication yard in China to Russia.The contract ties up the two high-end open-stern heavy transport vessels Blue Marlin and Black Marlin starting in the second quarter of 2021.Furthermore, Boskalis was awarded the contract for the transportation of an FPSO from the fabrication yard in China to the North Sea in 2021 and the transportation of two Floating Production Systems from Singapore to the Gulf of Mexico in the period 2021-2022.Boskalis said that those cargoes would be transported on the White Marlin and Blue Marlin heavy-lift and transportation vessels.These contracts were signed in the third and fourth quarter of 2019. Approximately 50% of the combined contract value was awarded in the fourth quarter, Boskalis said.Offshore Energy Today StaffSpotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email.Also, if you’re interested in showcasing your company, product, or technology on Offshore Energy Today, please contact us via our advertising form, where you can also see our media kit.last_img read more