Gulf of Mexico Lease Sale Yields More Than $120m in High Bids

first_img Gulf of Mexico Lease Sale Yields More Than $120 Million in High Bids. (Credit: gloriaurban4 from Pixabay) In support of President Donald J. Trump’s America-First Offshore Energy Strategy, Deputy Secretary of the Interior Kate MacGregor and the Bureau of Ocean Management’s Acting Director Walter Cruickshank today announced that region-wide Gulf of Mexico Lease Sale 256 generated $120,868,274 in high bids for 93 tracts covering 517,733 acres in federal waters of the Gulf of Mexico. A total of 23 companies participated in the lease sale, submitting $135,558,336 in total bids.Lease Sale 256 included 14,862 unleased blocks located from three to 231 miles offshore, in the Gulf’s Western, Central and Eastern Planning Areas in water depths ranging from nine to more than 11,115 feet (three to 3,400 meters).“The continuation of safe and reliable oil and gas from the Gulf of Mexico is crucial for America’s economy and energy portfolio,” said MacGregor. “Lease sales have been held in Gulf federal waters since 1954, and the sustained presence of large deposits of hydrocarbons in these waters will continue to draw the interest of industry for decades to come.”“Responsible oil and gas development in the Gulf of Mexico hit record production in FY19, ensuring well-paying jobs, revenue for our state partners and for our parks and  other public lands, and low energy prices for American families and businesses,” said MacGregor. “The fact that all of the blocks offered today have been offered  many times over the last few decades and exceeded expectations by generating $120 million in high bids, demonstrates the long term economic promise contained in the world’s preeminent offshore basin.”Last year was a record year for American offshore oil production, at 596.9 million barrels, or 15% of domestic oil production, and $5.7 billion in direct revenues to the government. Additionally, offshore oil and gas supported 275,000 total domestic jobs and $60 billion total economic contributions in the U.S.Revenues received from Outer Continental Shelf (OCS) leases are directed to the newly created National Parks and Public Land Legacy Restoration Fund, as well as the U.S. Treasury, the Land and Water Conservation Fund, the Historic Preservation Fund, and certain Gulf Coast states (Texas, Louisiana, Mississippi, Alabama). The states use these funds to support coastal conservation and restoration projects; hurricane protection programs; and activities to implement marine, coastal or conservation management plans.“The Gulf of Mexico is one of the most productive basins in the world, and the development of its resources is essential to our national security,” said Cruickshank. “BOEM’s world class scientists work hard to ensure such development is done in a responsible manner while protecting marine life and the environment.”Leases resulting from this sale will include stipulations to protect biologically sensitive resources, mitigate potential adverse effects on protected species, and avoid potential conflicts associated with oil and gas development in the region.Lease Sale 256, livestreamed from New Orleans, was the seventh offshore sale held under the 2017-2022 National Outer Continental Shelf Oil and Gas Leasing Program. Under this program, 10 region-wide lease sales are scheduled for the Gulf, where resource potential and industry interest are high, and oil and gas infrastructure is well established. Two Gulf lease sales are scheduled to be held each year and include all available blocks in the combined Western, Central and Eastern Gulf of Mexico Planning Areas. Source: Company Press Release Lease Sale 256 included 14,862 unleased blocks located from three to 231 miles offshore, in the Gulf’s Western, Central and Eastern Planning Areaslast_img read more

Read More
Adelie Foods Urban Eat brand bought by Samworth Brothers

first_imgSamworth Brothers has bought the Urban Eat food to go brand following the collapse of Adelie Foods.The Ginsters and Soreen owner paid £6.4m for the brand, after Adelie entered administration in May. Administrators Deloitte said Adelie had suffered a “significant adverse effect” as a result of coronavirus and the associated lockdown measures.Nearly 2,200 employees were made redundant in June after Deloitte was unable to secure a sale for the business as a going concern.Adelie had made an EBITDA loss in the past three years, according to documents filed this month by the administrators. In the year to February 2020 it generated sales of £226m and made a £9.3m loss.The loss has been blamed on pricing pressure in the market that meant the business could not generate the margin to cover costs. This was then compounded by the lockdown.Adelie management were unable to raise additional funding and appointed Deloitte to sell the business.After discussions with almost 70 potential buyers, the administrators had been close to striking a deal for parts of the business. However, it was not possible to secure assurance from the Competitions and Market Authority that the acquisition would not need to be investigated, and this deal fell through.As a result, the decision was taken to sell off company assets, resulting in the sale of Urban Eat.In addition, some of Adelie’s plant and machinery from its Southall site were sold to Samworth for £475,000, while Winterbotham Darby bought equipment from the Redmoor plant for £750,000.The Real Wrap Co also bought equipment totalling around £120,000.However, Deloitte stated it was unlikely sufficient funds would be available to pay any unsecured creditors.last_img read more

Read More
Cincinnati Mayor Presents Jack White With Key To The City At Historic King Records Facility

first_imgJack White is on tour now with his new-look live band in support of his most recent release, Boarding House Reach. For a full list of upcoming dates, see below. For more information or to purchase tickets, hit Jack’s website.Jack White Upcoming Tour Dates:June 4: Express Live! Outdoor Amphitheater – Columbus, OH (SOLD OUT)June 6: Jacobs Pavilion at Nautica – Cleveland, OH (SOLD OUT)June 7: Dome Arena – Rochester, NYJune 8: Artpark Mainstage Theater – Lewiston, NY (SOLD OUT)June 9: Budweiser Stage – Toronto, ONJune 23: Arroyo Seco Weekend – Pasadena, CA *June 26: Hammersmith Apollo – London, UK (SOLD OUT)June 27: Hammersmith Apollo – London, UK (SOLD OUT)June 28: Hammersmith Apollo – London, UK (SOLD OUT)June 30: Tinderbox – Odense, DenmarkJuly 2: AFAS Live – Amsterdam, Netherlands (SOLD OUT)July 3: L’Olympia – Paris, France (SOLD OUT)July 4: L’Olympia – Paris, France (SOLD OUT)July 6: Festival Beauregard- Normandy, France *July 7: Rock Werchter – Werchter, BelgiumJuly 8: Les Nuits de Fourviere, Lyon, FranceJuly 12: Cruilla Barcelona – Barcelona, Spain *July 13: Mad Cool Festival – Madrid, Spain *July 14: NOS Alive – Lisbon, Portugal *July 15: Ilosaarirock Festival – Joensuu, Finland *August 5: Lollapalooza – Chicago, IL *August 6: The Armory – Minneapolis, MN (SOLD OUT)August 8: 1st Bank Center – Broomfield, CO (SOLD OUT)August 9: SaltAir – Salt Lake City, UTAugust 11: Veterans Memorial Coliseum – Portland, ORAugust 12: Rogers Arena – Vancouver, BCAugust 13: WAMU Theatre – Seattle, WA (SOLD OUT)August 15: Bill Graham Civic Auditorium – San Francisco, CA (SOLD OUT)August 16: Bill Graham Civic Auditorium – San Francisco, CAAugust 18: Rabobank Theater – Bakersfield, CAAugust 19: Santa Barbara Bowl – Santa Barbara, CA (SOLD OUT)August 21: Viejas Arena – San Diego, CAAugust 22: Comerica Theatre – Phoenix, AZAugust 23: The Chelsea @ The Cosmopolitan – Las Vegas, NV (SOLD OUT)August 24: The Chelsea @ The Cosmopolitan – Las Vegas, NVSeptember 22: Pilgrimage Music & Cultural Festival – Franklin, TN *October 1: Adrenaline Stadium, Moscow, RussiaOctober 3: Palladium Riga, Riga, LatviaOctober 4: Siemens Arena, Vilnius, LithuaniaOctober 6: Gdynia Arena, Gdynia, PolandOctober 7: MTP2, Poznan, PolandOctober 9: Torwar, Warsaw, PolandOctober 10: Tauron Arena Kraków, Kraków, PolandOctober 12: Verti Music Hall, Berlin, GermanyOctober 13: Zenith, Munich, GermanyOctober 14: Warsteiner Music Hall, Dortmund, GermanyOctober 16: Brighton Centre, Brighton, UKOctober 17: Birmingham Academy, Birmingham, UKOctober 18: Hull Venue, Hull, UKOctober 20: Space By Echo Arena, Liverpool, UKOctober 21: Usher Hall, Edinburgh, UK* HEADLINE FESTIVAL PERFORMANCEView All Tour Dates Yesterday, Detroit-native rocker Jack White received the key to the city of Cincinnati, OH from Mayor John Cranley while he was in town to headline the third day of Bunbury Music Festival. The key presentation took place at the former facility of King Records, the landmark Cincinnati record label that operated from 1943 through 1974 and helped launch the careers of numerous artists including, under their Federal Records imprint, James Brown.King Records legends like Otis Williams, Philip Paul, and Bootsy Collins [pictured above] were on hand to help recognize White for performing at the festival as well as for his efforts to honor the King Records legacy. In his presentation, Mayor Cranley [pictured above] highlighted White’s advocacy for music preservation (through his own Third Man Records and beyond) and showed appreciation for his specific support of the Cincinnati record institution.“Jack White has been an unfailing supporter of King Records,” said Mayor John Cranley. “Jack has actually covered Little Willie John‘s song, “I’m Shakin’”, which on the original recording our own Philip Paul played the drums, and he recently wore a King Records shirt in a cover story for Q Magazine.”According to a press release,The City of Cincinnati recently acquired the former King Records studio building, saving it from demolition, and is working with Evanston neighborhood president Ms. Anzora Adkins [pictured above] and the King Records Nonprofit Steering Committee to stabilize and revitalize the building. The group is made up of leaders of the Cincinnati USA Music Heritage Foundation, King Studios and the Bootsy Collins Foundation. Given the tremendous and truly unique music, business and civil rights history which took place at the building, leaders have declared the location sacred.Below, you can see White pictured receiving the key from Mayor Cranley and chatting with Phillip Paul at the presentation ceremony, respectively.last_img read more

Read More
Too much variety

first_imgIn health care, more choice may not always lead to better choices, particularly for the elderly.In a new study, researchers from Harvard Medical School’s Department of Health Care Policy found that the large variety of managed care plans offered by the Medicare Advantage program may be counterproductive. Elderly patients, particularly those with low cognitive ability, often make poor decisions — or no decisions at all — when faced with an overwhelming number of complex insurance choices.“We are providing the most complex insurance choices to the very population that is least equipped to make these high-stakes decisions,” says J. Michael McWilliams, assistant professor of health care policy and medicine at Harvard Medical School and a practicing general internist in the Division of General Medicine at Brigham and Women’s Hospital. “Most other Americans choose from just a few health plans, but elderly Medicare beneficiaries often have to sift through dozens of options.”The study appears online today in the journal Health Affairs. It will also appear in the journal’s September print edition.The Medicare Modernization Act of 2003 initiated a series of payment increases to the Medicare Advantage program. These payment hikes dramatically increased the number of private plans participating in the program and encouraged plans to compete for enrollees by offering lower premiums and more generous benefits, such as prescription drug coverage.In order to examine the effects of these expanded choices and benefits of enrollment in Medicare Advantage versus traditional Medicare, McWilliams and his team looked at 21,815 enrollment decisions from 2004 to 2007 made by 6,672 participants in a national longitudinal survey, and compared enrollment decisions between participants with different cognition levels and different plan offerings in their area.The researchers found that, on average, an increase in the number of plans was associated with increased Medicare Advantage enrollment, provided the number of available plan options was fewer than 15. When the number of options surpassed 30, as it did in 25 percent of U.S. counties, such increases were actually associated with decreased enrollment. More importantly, beneficiaries with low cognitive function were substantially less likely than their peers with high cognitive function to appreciate the advantages offered by these plans, choosing to remain in the traditional Medicare program instead.The authors suggest the reason for lower enrollment could be that beneficiaries became overwhelmed and chose traditional Medicare by default. Furthermore, elderly Medicare beneficiaries with limited cognitive abilities may have difficulty identifying the most valuable option from a complex set of Medicare alternatives. This is particularly concerning given the high and rising prevalence of cognitive impairment and dementia in the aging Medicare population.The findings also have important policy implications as health insurance exchanges are established under the recent national health reform legislation, the Affordable Care Act. These exchanges, the authors say, could be helpful to senior citizens and the Medicare program if expanded to handle enrollment in Medicare Advantage plans.“Efforts to limit choice and guide seniors to the most valuable options could especially benefit those with cognitive impairments, who without more help appear to be leaving money on the table,” McWilliams said. “Better enrollment decisions could in turn strengthen competition by rewarding high-value plans with more enrollees.”The research was funded by the Beeson Career Development Awards in Aging Research Program, National Institute on Aging, and American Federation for Aging Research.last_img read more

Read More
German unemployment steady, but virus having effect on jobs

first_imgBERLIN (AP) — New statistics show Germany’s job market performed unexpectedly well in January, though lockdown measures meant to slow the spread of the coronavirus continue to leave their mark on Europe’s largest economy. The unemployment rate in January remained unchanged at 6% when adjusted for seasonal factors, with 41,000 fewer people out of work, according to the Federal Labor Agency.“ All in all, the labor market remained in robust condition in January,” said Federal Labor Agency head Detlef Scheele on Friday. “But the measures meant to contain the coronavirus are leaving their mark.”last_img read more

Read More
Squigs Sketches Jason Alexander & His Funny New Family in Fish in the Dark

first_img View Comments Fish in the Dark About the Artist: With a desire to celebrate the magic of live theater and those who create it, and with a deep reverence for such touchstones as the work of Al Hirschfeld and the wall at Sardi’s, Squigs is happy and grateful to be among those carrying on the traditions where theater and caricature meet. He was born and raised in Oregon, lived in Los Angeles for quite a long time and now calls New York City his home. Related Showscenter_img There’s a new star cracking jokes in the Broadway comedy Fish in the Dark—Jason Alexander! The Seinfeld favorite knows a thing or two about channeling playwright Larry David, so he’s having a “pretty, pretty, pretty good” time stepping into the former star’s shoes as Norman Drexel. Broadway.com Resident Artist Justin “Squigs” Robertson returned to the Cort Theatre to sketch the new star bringing the funny alongside Rosie Perez, Ben Shenkman, Glenne Headly and Jayne Houdyshell. Check out Squigs’ portrait, then see Alexander and the gang in Fish in the Dark through August 1! Show Closed This production ended its run on Aug. 1, 2015last_img read more

Read More
Perfectly Deadly

first_img Seiridium, a fungus, causes fast-spreading cankers that limit Leylands’ water uptake, she said. Many people consider Leylands perfect Christmas trees. Georgia growers have about 400,000 Christmas trees this year, and about 240,000, or 60 percent, are Leylands. Most Georgia growers offer Leylands only as cut trees, said David Moorhead, a UGA forest regeneration scientist. And they’re still an excellent choice for shoppers. A few Christmas tree growers and a number of nurseries offer them in containers so people can plant them outside after the holidays. If the tree is infected with Seiridium, though, its outlook isn’t good. “With the stress of being in that dry environment in the house over the holidays, it’s unlikely to survive in the landscape,” Woodward said. Seiridium has erupted in Georgia. Woodward said it attacks Leyland cypress and Atlantic white cedar. It may infect arborvitae, too. “We just started finding it in Georgia in the past couple of years,” she said. Another fungus, Botryosphaeria, causes similar cankers and has plagued Leylands since the early 1980s. Seiridium had appeared in neighboring states by 1993. It may have been in Georgia longer than anyone knows for sure. UGA pathologists may have diagnosed the earliest cases as Bot canker, as Botryosphaeria is known. “We just got used to the problem being Bot canker,” Woodward said. “For 10 or 12 years, that’s all there was. We started seeing Seiridium in ’97 and really got to looking at it this year.” In the summer, Woodward studied a collection of Leyland cypress samples that showed canker symptoms. “I found Seiridium in about 90 percent of them,” she said. The fungus spreads in the wind and in splashes of rain or irrigation water. It moves through wounds or natural openings in the tree bark into the critical cambial tissue underneath the bark. Botryosphaeria typically causes only a single canker that eventually girdles a branch and kills it. Seiridium, though, causes many cankers throughout the tree. If you’re buying a Christmas tree you can plant in your landscape after the holidays, look closely. A University of Georgia expert says one popular dual-purpose tree may not survive in your yard. A new disease poses a deadly threat to Leyland cypresses, said Jean Woodward, a plant pathologist with the UGA College of Agricultural and Environmental Sciences. DEAD BROWN FOLIAGE on the tree above show a deadly fungus’ work quickly killing Leyland cypress trees. UGA scientists say Seiridium, a fungus that causes fast-spreading cakers is the perfect disease to kill Georgians’ favorite Christmas trees. (Photo courtesy UGA College of Agricultural and Environmental Sciences.) Request the high-res image. The most obvious sign of Bot canker is the foliage of a tree branch turning reddish brown. Seiridium affects a tree from the bottom up and from inside out. In time, the tree begins to look thinned out, with off-color foliage. Woodward said Seiridium is much more serious than Bot canker. “When you see signs of Bot canker, you can prune out the infected branch,” she said. “By the time you see signs of Seiridium, it’s too late to do anything to save the tree.” The tree won’t die right away. But it will eventually. No fungicide will kill the fungus once it has infected the tree. From the first infection, the tree will begin oozing from the entry point in about two weeks. Within a year, the foliage will start dying back. In another year or so, much of the tree may die. Keeping the tree watered enough to relieve moisture stress will prolong its life, Woodward said. She recommends providing drip irrigation to slow the fungus’s spread. “We don’t have a cure for Seiridium,” she said. “It spreads fast and attacks the whole tree. It’s a serious problem for Leyland cypresses.” If Seiridium becomes the widespread killer Woodward thinks it can be, it could hurt Christmas tree growers. “It would be a problem on the growers’ end,” Moorhead said. “Leyland cypresses were thought to be practically insect- and disease-free. This could make growers have to put a lot more work into keeping their trees healthy.” Bot canker damage in a Leyland cypress. Request the high-res image. last_img read more

Read More
Flavor of Georgia

first_imgWinning Atmosphere Eight months ago High Road Craft sold its handmade ice cream to about 50 restaurants in Atlanta. Today, their creamy desserts are featured in 150 restaurants, 22 Whole Food Markets and on the shelves of specialty markets from North Carolina to Colorado. High Road Craft Ice Cream works with another contestant, Southern Swiss Dairy, to source fresh dairy for its cream. 2012 Contest On March 13, the UGA Center for Agribusiness and Economic Development will reveal the winners of the 2012 Flavor of Georgia contest at Georgia Ag Day. Flavor of Georgia is only a starting point for many of the category winners, said Sharon Kane, contest director. The annual food contest is sponsored by the CAED in partnership with the Center of Innovation for Agribusiness, Office of Governor Nathan Deal, Georgia Department of Agriculture, Georgia Agribusiness Council, Walton EMC and the UGA Department of Food Science and Technology. “We got a lot of great feedback about the product from judges,” she said. “And being a part of something with so many great Georgia businesses was really rewarding. It is a neat event where we are paying homage to each other.” “The Flavor of Georgia contest really brought a lot of exposure to us, our sales have quadrupled,” said Nicki Shroeder, the company’s chief marketing officer. “After winning the contest, we could add ‘Flavor of Georgia Award Winner’ to our marketing materials and it gave credibility to our products.” Shroeder said winning helped boost her business, but fostering relationships with other contestants and judges was another prize handed out by the contest. Product registrations will be accepted through Feb. 10, 2012. Semifinalists will be announced in February. Final judging will be March 12 at the Freight Depot in Atlanta. Register early and receive a reminder to send in products for judging. Contestants can register online at www.flavorofgeorgia.caes.uga.edu and save $10 off registration fees. For more information, contact Kane at (706) 542-9809 or [email protected] High Road Craft Ice Cream won top prize in the dairy division of this year’s Flavor of Georgia Food Product Contest. Since winning the University of Georgia contest, the company has been growing by leaps and bounds. “More than 70 percent of last year’s contestants saw an increase in their sales, publicity, business contacts and product interest following the contest,” Kane said. Judges look for market-ready foods – either commercially available or prototypes – from across the state. Categories include barbecue and hot sauces, confections, dairy products, meat products, snack foods, and jams, jellies and sauces. Entries are judged on flavor, best use of Georgia ingredients, Georgia theme, unique or innovative qualities, commercial appeal and originality.last_img read more

Read More
Floating wind industry insiders say its time to move past pilots, build for scale

first_imgFloating wind industry insiders say its time to move past pilots, build for scale FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):If floating offshore wind is to reach scale, projects need to grow out of pilot-sized dimensions and manufacturers need to churn out floating platforms at pace, industry leaders said at the Offshore and Floating Wind Europe virtual conference Oct. 2.The first floating wind platform was put onto the water over a decade ago, but projects are still small compared to their fixed-bottom counterparts. Equinor ASA’s 88-MW Hywind Tampen, which just began construction, is the world’s largest floating project.If floating wind is to become a success in Europe and beyond, that will need to change, according to Lord Nicol Stephen, executive chairman of technology provider Flotation Energy PLC. “What we don’t need is a decade of test and demonstration. We will not gain the momentum that is so desperately needed,” the executive chairman said at the conference organized by Reuters Events. “Floating does work,” Stephen said, but in order to drive down costs, projects need to reach the 300 MW to 500 MW range.Right now, the sector is testing a variety of floating platform designs, from semi-submersible foundations and floating barges to spar buoy turbines. Many developers describe themselves as technology agnostic, and do not yet want to bet on one horse. “[We need] competition among the supply chain in order to bring cost down for everyone,” said Hannah König, head of wind and marine technology at German utility EnBW Energie Baden-Württemberg AG.For Grzegorz Gorski, COO of Ocean Wind, the 50/50 offshore wind joint venture of EDP Renováveis SA and Engie SA, floating platforms need to be quick and easy to manufacture, so that the sector has access to a larger pool of equipment. “We are done with pilots,” he said at the conference. “I like the technologies of Saipem SpA and Stiesdal Offshore Technologies A/S, because they are so modular. We need to build them like cars, and not like ships. One per week. Assembly, assembly, assembly.”Sebastian Bringsvaerd, Equinor’s head of floating wind, thinks that the industry will get there eventually: “Before 2030, we will see gigawatts of floating offshore wind in Europe and Asia,” he said.[Camilla Naschert]More ($): ‘We are done with pilots’: Floating wind leaders call for scale, policy supportlast_img read more

Read More
Rotating banners and lost opportunities

first_imgby: Joe WinnRead how you can improve your credit union marketing.Find archived articles that might pertain to your goals.Learn about a credit union’s latest branch opening.What’s the point of this post? You should be confused, and for good reason. There’s no consistency, the content has to be read separately, and who knows if you even stuck around long enough for the last choice (I hope you’re still reading!).Many credit unions do something just like this every day. It’s called the rotating banner, and it needs to go.One can compare a rotating banner on a homepage with changing billboards along the highway. It seems fair, right? Only the billboard is showing content to thousands of people a day, and each panel gets equal time. Imagine if that same billboard showed the same image to every driver for the first 5 seconds, yet they passed it in 15. What if your institution paid to be 4th in rotation? You wouldn’t be too happy, would you? continue reading » 4SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Read More