OIS releases study abroad decisions

first_imgAntsy students are dreaming of Big Ben, the Colosseum and the Parthenon this week in the wake of Friday’s release of study abroad decisions from the Office of International Studies (OIS) for the 2012-2013 academic year. Kathleen Opel, director of OIS, said her department is “as excited as ever” for next year’s class of international scholars. “We’ve given our decision, and now [students] need to either confirm that they’re going to accept or decline the offer,” Opel said. “If that’s the case, then we’re able to offer that spot to somebody else. “ Opel said OIS received a total of 1,535 applications from 1,005 students. Out of the 1,005 students who applied, 754 were accepted into a study abroad program for next year, she said. Out of these 754 accepted students, Opel said 721 were admitted to their first choice program. Additionally, 245 students were waitlisted for study abroad programs. Opel said she has seen an increase in the popularity of English language programs such as London, Dublin and Perth, making them more competitive for students to get into. “Specifically the programs that we have in English tend to be those that can suit the needs of business, science, engineering and Arts and Letters students,” Opel said. “There is a growing number of business students, and because of that growth in the College of Business, where they do not have a language requirement, more of those students are gravitating toward programs where language is not a requirement.” Opel also said spring programs are more popular overall than those in the fall “by a very small margin.” The number of applicants remained relatively stagnant from last year’s numbers. Last year, 1,011 students applied for study abroad programs during the academic year and 780 students were initially accepted. Waitlisted students should not lose hope, Opel said, because some students do choose not to attend the program in which they have been accepted. Opel’s advice to waitlisted students is “be patient and be optimistic.” “We will stay in touch with [waitlisted] students and let them know at what point we’ve pretty much filled capacity and don’t see any more changes coming,” Opel said. Opel added accepted students should begin to think about what is required of them before they travel abroad. OIS will offer pre-departure programs in the coming months for students studying abroad during the fall 2012 semester, but she said they should work on obtaining a passport and familiarizing themselves with safety and security measures as soon as possible. “By the time [students studying abroad] leave campus, they should have a pretty good grounding of what to expect when they get there,” she said. Sophomore Matt Hayes said he is already gearing up to spend the spring 2013 semester in Bologna, Italy. A Program of Liberal Studies and Italian major, Hayes said he hopes to become fluent in Italian during his time abroad. “I chose Bologna for the opportunity to become fluent and study at an actual Italian university,” he said. Hayes also plans to spend Easter at the Vatican. However, he said he is most looking forward to the food. “Bologna is called ‘La Grassa,’ meaning ‘the Fat One.’ It is the food capital of Italy,” Hayes said. “I’m excited to eat my way through Italy.” Sophomore Margeaux Prinster will spend the spring 2013 semester in Rome. As an anthropology major with a peace studies minor, Prinster said she is fascinated by the archeological value of Rome. “I’m really interested in archeology, and Rome is an awesome place to be for that because you’re basically living in ancient Rome with a modern twist,” she said. Prinster added she also wants to travel beyond Rome. “I’m most excited about travelling and seeing everything,” Prinster said. “I really, really want to go skiing in the Alps.”last_img read more

S&P: Canada to add 9GW of capacity in 2019, more than 75% wind, solar

first_img FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):A total of 9,177 MW of power generation capacity is expected to be added to the Canadian grid in 2019, according to S&P Global Market Intelligence data. With 161 MW of capacity set to be retired, Canada could see a net gain of 9,016 MW.Wind and solar resources comprise about three-fourths of the new capacity expected to come into service this year, while the major retirement is a coal-fired plant. In two provinces, Alberta and Ontario, the electric system is managed by an independent system operator. In most other provinces and territories, the system is owned by the local government.At varying paces, provinces and territories have been reducing their fossil-fueled power generation capacity and replacing it with lower-emitting resources. In Alberta, for example, where 62% of Canada’s planned capacity additions for 2019 is located, the province has ordered all coal-fired capacity to be shut down by 2030, prompting utilities to both convert existing facilities to gas-fired capability and add new resources. In Ontario, all coal-fired generation capacity has already been shut, and the province has pushed for a combination of renewables, gas and nuclear resources.Wind accounts for over half of Canada’s planned capacity additions, at 5,200 MW. The Henvey Inlet Wind Project (Nigig Wind Farm) is the largest single project under construction, at 300 MW. U.S.-headquartered independent power producer Pattern Energy Group LP and Henvey Inlet First Nation subsidiary Nigig Power Corp. share ownership of the project, which is scheduled to begin operating in March on Georgian Bay. Ontario’s grid operator, the Independent Electricity System Operator, has a contract for the plant’s output.Solar accounts for 20% of scheduled 2019 additions, totaling 1,804 MW. The largest solar facility under construction is the Loyalist Solar Project, a 54-MW project in eastern Ontario. BluEarth Renewables Inc. and Mohawks of the Bay of Quinteshare ownership of the project, which is scheduled to begin operating in March, and the IESO will purchase the output.One Alberta coal plant accounts for almost all of the generating capacity to be retired in Canada this year. Independent power producer Maxim Power Corp. plans to shut its 150-MW HR Milner Generating Station (M1), which began operating in 1972, in December. It will be replaced with a larger gas-fired facility.More ($): Canada’s grid to add a net 9,000 MW of capacity in 2019 S&P: Canada to add 9GW of capacity in 2019, more than 75% wind, solarlast_img read more

Skelos Corruption Trial: No Mention of Son’s Ties in AbTech-Agency Meeting

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York The general counsel for New York State Sen. Dean Skelos (R-Rockville Centre) brokered a meeting between the state Department of Health and a company employing the senator’s son without disclosing that link, a witness said.James Clancy, a former deputy state Health Department commissioner who was at the meeting, said Elizabeth Garvey, one of the senator’s top attorneys, first contacted him about setting up a sit-down between AbTech Industries and agency staffers who were reviewing the environmental health impacts of fracking before it was banned in New York last year, Clancy testified Wednesday at the senator and son’s corruption trial at Manhattan federal court.“Find it curious that [state] senate Republican is reaching out to me directly,” Clancy wrote in an email to his colleagues and members of the governor’s staff on Jan. 28, 2014, according to court testimony. Concerned with the potentially controversial nature of the request, the next day he also forwarded the lawyer’s email to another one of Gov. Andrew Cuomo’s aides, adding: “This is a biggie.”Arizona-based AbTech is one of three companies that the former state Senate Majority Leader allegedly coerced $300,000 from in the form of no-show jobs for his son, Adam, in exchange for illegally manipulating legislation. Both men deny the accusations.Clancy said he told Garvey, counsel to the state senate’s GOP majority, which Skelos led at the time, that Clancy would talk to his department colleagues and find out if such a meeting was “deemed to be appropriate.” After a back and forth, AbTech got the meeting on May 2, 2014, when company representatives pitched their product’s ability to filter fracking waste water. The issue was important because one of the issues being debated in Albany was whether fracking waste water would be trucked from well sites—clogging upstate roads with countless big rigs—or recycled on-site using filters such as AbTech’s. Late last year, Cuomo decided to ban fracking.Sen. Skelos’ defense attorney, Robert Gage, asked Clancy about another email that the deputy commissioner had sent to his colleagues in which he said it “sounded legit” and “I’m feeling OK about it.” Gage also asked “if anything inappropriate had occurred” in the meeting—such as AbTech’s representatives asking about fracking regulations or asking for a permit—and whether that would have triggered Clancy to “shut it down.” Clancy said yes, but the hour-long meeting ended without issue.Prosecutors subsequently asked Clancy if he knew how Skelos’ general counsel had found out about AbTech. Clancy said he didn’t know. Prosecutors also followed up to ask if Clancy knew that the senator’s son stood to potentially make money off AbTech’s fracking waste-water filters, if such drilling were legalized in the state and if AbTech secured those contracts. Again, Clancy said he didn’t.After Clancy testified, Kelly Ann Cummings, the spokeswoman for the state senate’s GOP majority, took the stand, but questions didn’t get beyond the biographical before the judge adjourned the case for the day. Her testimony is scheduled to continue Thursday.last_img read more

Lawmakers in home districts, NCUA Board meets Thursday

first_img 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Congress is out this week, but NAFCU is continuing to push credit unions’ concerns about regulatory burden and more. NAFCU also continues to gather input sought by the Senate Banking Committee on credit unions’ regulatory relief needs.Lawmakers in the House and Senate are in a district work period in the coming week, which means lawmakers are at home and accessible to credit union constituents. NAFCU lobbyists, meanwhile, are maintaining ongoing discussion with lawmakers’ staffs about potential legislation for credit union regulatory relief, capital reform, national data security standards for merchants and more.The association testified last week before Senate Banking on credit unions’ current regulatory burdens and ways to help ease those. The committee invited ideas and input on this issue as it considers future legislation, and NAFCU has reached out to members for their input; read more about that here.On the regulatory front, NCUA’s board meets in open session Thursday and is expected to release a proposed rule that would raise the asset-size threshold for a “small entity” from  $50 million to $100 million. That meeting, which will be streamed live (registration is required), will also address a community charter expansion for Taunton FCU (Taunton, Pa.), and a quarterly report on the National  Credit Union Share Insurance Fund. The meeting is at 10 a.m. Eastern. continue reading »last_img read more

Young & Free Michigan’s Winters among top 20 Live! host finalists

first_img 7SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Young & Free Michigan Spokester Erin Winters is among the top 20 finalists to sit in the co-host chair next to Kelly Ripa during one episode of Live with Kelly!The “Live with Kelly and You” Co-host Search Contest solicited videos from aspiring talk show hosts throughout the United States and Canada. The first entry from Winters was selected as one of the top 40 entries among the thousands of videos submitted. Once in the top 40, Winters was asked to submit a second video with a “How To…” theme. The Live with Kelly staff then narrowed down the contest entries to 20. Winters was one of the lucky participants to be selected.Winters and Young & Free Michigan are powered by Michigan First CU, based in Lathrup Village, Mich.“My dad encouraged me to enter the contest and, on a whim, I decided to give it a shot,” said Winters. “Serving as the Young & Free Michigan Spokester has truly helped me leverage my creativity and personality when on camera. I’m hoping to bring that energy and excitement to New York and Live with Kelly.” continue reading »last_img read more

NAFCU webinar to break down Fed’s FraudClassifier

first_img continue reading » The Federal Reserve’s Fraud Definitions Work Group earlier this year released the FraudClassifier Model to help organizations better understand the magnitude of fraud involving payments. A NAFCU webinar Sept. 30 will break down how credit unions can utilize the new classification model to better defend against fraud.The Fed’s Fraud Definitions Work Group, which includes representatives from credit unions and others in the financial services industry, was created last year to help address industry challenges due to inconsistent fraud classification and lags in reporting. The model was specifically developed to help address fraud involving ACH, wire or check payments, but can be used to classify fraud regardless of payment type, channel or other characteristics.During the complimentary webinar, set to begin at 2:00 p.m. Eastern, the Federal Reserve’s VP of Secure Payments Mike Timoney and AVP of Secure Payments Andres Rapela will review takeaways of the FraudClassifier model, including: ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

‘We are not yet defeated’: Students condemn govt’s dismissal of jobs law protests

first_imgRemy went on to condemn the government’s efforts to discredit and silence student protesters, saying that the people’s right to free speech was guaranteed by the 1945 Constitution.The association encouraged students and members of the public to keep pushing for the cancellation of the jobs law, urging them to be committed to the cause until the government responded to their aspirations.“We are not yet defeated,” Remy said. “We will keep voicing our opposition until the President issues a government regulation that revokes the jobs law.”Read also: Job Creation Law ‘defective’, experts say after incomplete draft passedPresident Joko “Jokowi” Widodo has drawn the ire of critics and protesters by claiming that criticism of the law was merely based on “disinformation and hoaxes spread through social media”.Jokowi said on Friday that various “allegations” made against the law, such as claims that it removed employees’ rights to leave days and social security, including retirement benefits, were inaccurate.On the same day, the Education and Culture Ministry’s Higher Education Directorate General issued circular discouraging university students from participating in protests against the jobs law and asking faculty members to promote the recently passed law. The National Association of University Student Executive Bodies (BEM-SI) has announced on behalf of university students across the country that it would continue to protest the newly passed Job Creation Law despite mounting pressure from the government.BEM-SI called on the government to take responsibility for its claim that the protests against the controversial jobs law had been driven by disinformation that distorted the actual stipulations contained in the legislation product, group coordinator Remy Hastian said in a written statement issued on Sunday.He called the government’s claim preposterous, considering that the House of Representatives and the government had failed to make the final legislation draft available to the public in the first place. “Such a claim could incite public unrest because it [accuses] critics of being motivated by misinformation,” Remy said.“In this regard, it’s the government that lies as citizens are denied access to any information regarding the final [version] of the legislation.”Read also: Jokowi dismisses criticism of omnibus jobs law as hoax newsThe House and the government passed the contentious bill into law on Oct. 5 in a speedy deliberation deemed legally flawed by critics. Until now, several versions of the draft have circulated and authorities have not clarified which was the final draft passed in the House’ plenary session.center_img Topics :last_img read more

Likened to Luis Suarez & inspired by Radamel Falcao: Why Chelsea should fear Luka Jovic

first_img In October, meanwhile, he broke a 48-year record by becoming the youngest ever player to score five goals in a Bundesliga game during the 7-1 thrashing of Fortuna Dusseldorf, joining (you guessed it) Lewandowski in a list of only three non-Germans to achieve the feat.The sheer volume of goals that Jovic has scored and the records he has broken are impressive yet the variety of his strikes also point towards an exceptionally well-rounded finisher. Of his 17 in the Bundesliga this season, eight have come via his right foot, six from his left and three courtesy of his head.Furthermore, a demonstration of Jovic’s predatory instincts in front of goal can be shown by the fact that every single one of his 34 goals – in the Bundesliga and cup competitions – in a Frankfurt shirt have come from inside the penalty area.AdvertisementAdvertisementGiven that Jovic is a threat with either foot and in the air, it is interesting that his footballing inspiration is Radamel Falcao, a player who at his Porto and Atletico Madrid pomp scored virtually every type of goal imaginable, from acrobatic volleys to bullet headers to predatory tap-ins.Speaking about his idol in 2013 before his breakthrough at Red Star, Jovic reportedly said: ‘I like Radamel Falcao the most. Playing with the left, right, head. Every chance he takes, he’s fantastic. I’d love to be at least like him.’ Jovic failed to make the grade at Benfica but has flourished since leaving in 2017 (Picture: Getty)Considering his struggles with Benfica, Frankfurt and in particular their Sporting Director, Bobic, deserve great credit for identifying his potential and taking a punt on him. Although Jovic struggled to settle in Portugal, he has seemingly had no such issues in Germany.AdvertisementAt Frankfurt, there is a strong Serbian influence with Filip Kostic and Mijat Gacinovic both important squad players, while one of the breakout stars of the last World Cup, Croatian forward Ante Rebic, has also proved an invaluable foil.In contrast to his time with Benfica, Jovic is clearly valued by Frankfurt’s management and teammates as much of their tactical play is geared towards getting the best out of him. Frankfurt’s manager Adi Hütter has predominantly used a 3-4-1-2 system which incorporates attack-minded wing-backs and versatile forwards as part of Jovic’s support network.All five of left wing-back Kostic’s Bundesliga assists this season have been for his compatriot Jovic – the highest combination in the Bundesliga – while Danny Da Costa on the opposite flank has also delivered quality into the box with four assists overall. Only Bayern Munich’s Robert Lewandowski (with 21) has scored more Bundesliga goals than Jovic (17) this season which, added to his five assists, means he has been directly involved in 37% of Frankfurt’s total goals. In Europe, his eight goals and one assist account for just under a third of Frankfurt’s 28 goals.Factoring in the eight goals he struck during the 2017-18 season and Jovic has 25 in 50 games, coming at an average of one every 118.32 minutes. That strike-rate is currently the fourth-best in Bundesliga history only behind Lewandowski, the legendary Gerd Muller and Arsenal’s Pierre-Emerick Aubameyang.Europa League top goalscorersOlivier Giroud (Chelsea)10Wissam Ben Yedder (Sevilla)8Munas Dabbur (Salzburg)8Luka Jovic (Frankfurt)8 Share Olivier Giroud is the only player to score more Europa League goals than Luka Jovic this season (Getty Images)The Italian is far from the first high-profile person in football to lavish praise on Jovic this season. His national team coach Mladen Krstaljic likened him to Barcelona’s Luis Suarez in March, while Frankfurt’s Sporting Director Fredi Bobic said he is a player of ‘exceptional ability’ after signing him permanently earlier this month. A former coach of Jovic’s at Benfica Helder Cristavao, meanwhile, said of him: ‘[he] reminds me of Sergio Aguero with his technique and instinct.’Jovic’s record both in the Bundesliga and Europa League this season demonstrates why he has emerged from relative obscurity to becoming one of the most feared and talked about players in world football over the course of the campaign. Mladen Krstaljic on Luka Jovic ‘He’s a classic goal-getter with great control of the ball and a good understanding of the game. I’d probably compare him to Luis Suarez. He’s courageous and dangerous at any moment because he’s always lying in wait for his chance or any inattention from the opponent.’ Filip Kostic (L), Luka Jovic (C) and Ante Rebic (R) have all been key components of Frankfurt’s side (Getty Images)Both Rebic and towering Frenchman Sebastian Haller also deserve credit for their selfless work up front that has created space for Jovic to inflict damage on opposition defences. Rebic has been a roving menace from a No.10 position, while Haller’s link-play – three of his nine Bundesliga assists have been for Jovic – has also been excellent.The problem that Frankfurt have is keeping Jovic beyond the end of the season, despite activating their purchase option to buy him this month. Should Frankfurt qualify for next season’s Champions League either through winning the Europa League or finishing in the top four, there is an outside chance he could stay.AdvertisementBut with Europe’s biggest clubs, including Chelsea, sniffing around him, that prospect appears unlikely. Bobic has admitted as much, saying recently: ‘There’s a real possibility that Jovic signs for Real Madrid. I hope and want him to stay here at Eintracht, but I’m also realistic and know that if a big club like Real Madrid want him then we haven’t got a chance of keeping him.’He’s staying! ☺Eintracht have exercised their option to make Luka #Jovic’s deal a permanent one, the forward signing a contract until June 2️⃣0️⃣2️⃣3️⃣!#Jovic2023 #SGE pic.twitter.com/3BAAcbgxCT— Eintracht Frankfurt (@eintracht_eng) April 17, 2019 Advertisement Likened to Luis Suarez & inspired by Radamel Falcao: Why Chelsea should fear Luka Jovic Luka Jovic idolised Radamel Falcao as a young player (Getty Images)Jovic’s similarity in style to Falcao and desire to emulate him perhaps played a part in Benfica’s decision to sign him from Frankfurt in January 2016, considering the Colombian returned 72 goals in 87 games during a whirlwind spell in Portugal with Porto.Benfica have also enjoyed great success with Serbian players over the past decade with the likes of Nemanja Matic, Ljubomir Fejsa and Andrija Zivkovic all excelling in recent years while they have a strong track record with strikers recently too, Rodrigo Moreno, Oscar Cardozo and Raul Jimenez, all passing through.With Benfica’s strong Serbian contingent and excellent track record at developing strikers into elite talents, all the signs should have pointed to Jovic becoming a roaring success in Lisbon. Instead, homesickness and a lack of opportunities – he made four first-team appearances in 18-months – culminated in a loan move to Frankfurt in 2017.Both Benfica and Porto are renowned for their success in the transfer market when it comes to selling on players at a profit but a testament to how underwhelming his spell at the club was is that they were willing to send him to Frankfurt on a two-season loan worth €200,000 with an optional purchase clause of just €7 million. CommentShare this article via facebookShare this article via twitter431Shares By Oliver Young-MylesWednesday 1 May 2019 7:01 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link431Shares The silver lining from Frankfurt’s perspective should Jovic join Real, Barcelona or any other of Europe’s superclubs, is that they will be heavily compensated for their loss with reports stating that he will cost any interested party upwards of £50m – or in other words, almost ten times what Frankfurt have just paid for him.A couple more goals for the Falcao fanboy and Suarez heir against Chelsea might even see that valuation soar higher.More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing ArsenalEx-Arsenal scout claims Mikel Arteta will give Thomas Partey a new role Advertisement Chelsea might be the bookies’ favourites to win the Europa League this season but their place in the final in Baku is far from guaranteed with semi-final opponents Eintracht Frankfurt certain to cause them some problems over two legs.Frankfurt are the second-highest goalscorers in the Europa League this season having struck 28 times in their 12 games in the competition, while, in Luka Jovic, they have the second-most prolific player with eight goals. Incidentally, Chelsea and Olivier Giroud are top of those particular charts with 30 and ten goals respectively.While the 32-year-old Giroud is entering the twilight years of his career, 21-year-old Jovic is only just getting started and the spotlight will be firmly fixed on him over the course of both games to see whether he can replicate his exploits across his breakout season on the big stage of a European semi-final.AdvertisementAdvertisementMaurizio Sarri, who has endured a few difficulties with his strikers this season, acknowledged that Jovic will be the principal threat to Chelsea’s chances of progression, remarking after the quarter-final second leg against Slavia Prague: ‘Eintracht are a great team with a wonderful striker, Jovic.’ADVERTISEMENTlast_img read more

Willian reveals what Mikel Arteta told him about Arsenal’s ambitious Champions League plan

first_imgAdvertisement Metro Sport ReporterFriday 21 Aug 2020 8:43 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link1.6kShares Willian and Arteta share bold ambitions (Picture: Getty Images)Willian has revealed that Mikel Arteta’s lofty ambitions of winning the Champions League within the next three years convinced him to sign for Arsenal.The winger made the switch to the Emirates on a free transfer after running down his contract at Chelsea.Willian brings plenty of experience to the north London club, having won two Premier League titles, an FA Cup and the Europa League over a seven-year spell at Stamford Bridge.The one trophy that has evaded the 32-year-old is the Champions League, and Arteta assured the Brazilian of a plan to win the competition by the time his three-year contract with the Gunners expires.AdvertisementAdvertisementADVERTISEMENT‘One of the reasons I wanted a three-year deal was to be part of a plan, not just a player passing through,’ the winger told SunSport.‘When I talked with the manager he told me why he needed me for three years. Comment Willian reveals what Mikel Arteta told him about Arsenal’s ambitious Champions League plan Arteta has already had a taste of silverware (Picture: Getty Images)‘It was that he first wanted to qualify for the Champions League and win it by the time I left. That was what I wanted to hear.‘I was at Chelsea for seven years and won everything except the Champions League.‘Hopefully this move will give me the trophy I haven’t got as well as another Premier League title.’More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing ArsenalWillian will be 35 when his three-year deal expires, but the winger insisted his physical condition will be of no concern.‘My age is no big thing,’ the Brazil international added. ‘If you look after yourself, live right and train right, today’s players can still be at top level when they are 35. For me it is not a problem.‘I have a lot to play for with Brazil too and I want to be at the next World Cup.‘If I do well at Arsenal then that will happen.’MORE: Gabriel reconsidering Arsenal move after Manchester United submit bid at 11th hourMORE: Arsenal or Napoli? Lille president confirms club have recommended next move to GabrielFollow Metro Sport across our social channels, on Facebook, Twitter and InstagramFor more stories like this, check our sport page Advertisementlast_img read more

Chevron sets 2018 capital budget at $18.3 billion

first_imgChevron’s liquefied natural gas (LNG) carrier Asia Energy (Image courtesy of Chevron)US-based energy giant and LNG player Chevron announced a 2018 capital and exploratory spending program of $18.3 billion.This figure includes $5.5 billion for the company’s share of expenditures by affiliated companies.This budget is some 4 percent less than this year and lower for a fourth year in a row.“Our 2018 budget is down for the fourth consecutive year, reflecting project completions, improved efficiencies, and investment high-grading,” said chief executive John Watson.“We’re fully funding our advantaged Permian Basin position and dedicating approximately three-quarters of our spend to projects that are expected to realize cash flow within two years,” he said.Watson went on to say that with production currently exceeding guidance in the Permian, the company’s 2018 plan should deliver both “strong production growth and solid free cash flow, at prices comparable to what we’ve seen this year.”Breaking down the numbers, in the upstream business, about $8.7 billion is forecasted to sustain currently producing assets, including $3.3 billion for the Permian and $1 billion for other shale and tight rock investments.Approximately $5.5 billion of the upstream program is planned for major capital projects underway, including $3.7 billion associated with the future growth project at the Tengiz field in Kazakhstan.Global exploration funding is expected to be about $1.1 billion. Remaining upstream spend will be for early stage projects supporting potential future developments, Chevron said.About $2.2 billion of planned capital spending is associated with the company’s downstream businesses that refine, market and transport fuels, and manufacture and distribute lubricants, additives and petrochemicals, Chevron added.last_img read more