Statoil Becomes Equinor

first_imgStatoil has officially changed its name to Equinor as part of a commitment to developing as a broad energy company. At the annual general meeting held on 15 May, the company’s shareholders approved the proposal for the name-change presented by the board of directors in March.The company has been registered under the new name in the Norwegian register of business enterprises (Foretaksregisteret) and the Oslo Stock Exchange (Oslo Børs) has also updated its information accordingly, with the shares quoted under the new name and the ticker now reading EQNR.At the meeting, a shareholder also suggested that the board should present a strategy for business transformation from producing energy from fossil sources to renewable energy to ensure the company’s long-term sustainability and shareholder value, however, the proposal was declined.Even though now former Statoil retains oil & gas as the backbone of its business, the company’s new name is said to reflect the fact that it is involved in a broader energy market, especially involving renewable energy.The company is very active in the offshore wind sector, with shares in the Arkona offshore wind farm in Germany, as well as Sheringham Shoal, Dudgeon and Dogger Bank in the UK, and is the majority owner and operator of the world’s first commercial-scale floating wind farm, Hywind Scotland.The Norwegian company has also signed an agreement with Polenergia to acquire a 50% interest in the Bałtyk Środkowy III (BSIII) and Bałtyk Środkowy II (BSII) projects in Poland, and is expected to finalize a power purchase agreement with a US utility by the end of the year for an offshore wind farm in the states.last_img read more

Ernie Banks

first_imgMr. Cub, Ernie Banks, passed away recently at the age of 83.  He was one of 12 children born to a poor southern family in the early 1930’s.  The 1977 Baseball Hall of Fame inductee hit 512 home runs in his 19-year career with the Chicago Cubs.  Despite the fact that the Cubs were never real contenders during Banks career, he still managed to be named the MVP of the National League twice.  Not only was Banks a power hitter, but he was also a Gold Glove shortstop.  Despite his slight build his bat carried a wallop.Banks will be forever known for his famous saying “Let’s play two.”  To people my age, this meant a double header.  Today, the only time anyone plays two games in one day is if rain caused a postponement and there is no other way to get that game in unless it is scheduled as a day/night double header.   People in baseball management will remember Ernie Banks as one of its greatest ambassadors.  When Banks walked into a ball park, the whole place lit up because he truly liked what he did!last_img read more

FIFA publishes Garcia World Cups report after leak

first_imgBy Brian HomewoodZURICH, Switzerland (Reuters) – The global soccer body FIFA said yesterday it had decided to publish the Garcia report into the decision to award the 2018 and 2022 World Cups to Russia and Qatar respectively, more than two-and-a-half years after the investigation was completed.The 430-page report lists in great detail the wheeling and dealing which went on behind the scenes in the bidding race.It said that “flaws” in the process were caused by a “culture of expectation and entitlement” among FIFA executive committee members who held the right to vote for the hosts.FIFA said its decision to publish was made after the report, compiled by its former chief ethics investigator Michael Garcia in 2014, was “illegally leaked” to a German newspaper.“For the sake of transparency, FIFA welcomes the news that this report has now been finally published,” it said, adding that the decision was made “to avoid the dissemination of any misleading information.”Garcia, who is now an associate judge at the Court of Appeals for the state of New York, spent 18 months and interviewed 75 witnesses as he investigated the convoluted bidding process for the two tournaments.His report was not published but instead handed to the-then FIFA ethics judge Hans-Joachim Eckert, who issued a 42-page summary which said there was not enough evidence to re-open the bidding process.Garcia publicly criticised Eckert’s summary and resigned one month later, in December 2014. FIFA then agreed the report could be published once all investigations against individuals had been completed.FIFA’s situation took a dramatic turn in 2015 when several dozen soccer officials were indicted on corruption-related charges in the United States, while the Swiss attorney general’s office opened a criminal investigation into the award.FIFA president Sepp Blatter was later banned for six years following an internal ethics investigation.The report said Blatter, who has denied any wrongdoing, bore “some responsibility for a flawed process that engendered deep public scepticism”, though it also praised him for implementing reforms including those which made the report itself possible.England, Spain/Portugal and the Netherlands/Belgium were the other countries bidding for the 2018 World Cup, while Australia, Japan, the United States and South Korea were Qatar’s rivals for the 2022 tournament.last_img read more


first_imgA KILLYBEGS man had a lucky escape today after his house went on fire.Forensics officers are today trying to establish the cause of the blaze at the home on the Conlin Road in the town.Three fire tenders attended the scene after the alarm was raised shortly after 1am. A neighbour said: “The house is damaged but thankfully no-one was hurt.”Gardai have preserved the scene and are “carrying out routine enquiries” into the cause of the blaze. FORENSICS OFFICERS EXAMINE SCENE OF KILLYBEGS FIRE was last modified: January 19th, 2012 by BrendaShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:killybegs firelast_img read more

Bojórquez bridge for Cancun Hotel Zone still in talks

first_imgCancun, Q.R. — Discussions regarding the Bojórquez bridge over the lagoon in the Cancun Hotel Zone are still occuring, according to officials.The National Fund for Tourism Promotion (Fonatur), notes that although they have more than 239 million peso for the project, it was made clear last year that the bridge would not be part of the 2018 agenda.However, talks are not off the table. According to the Transparency Unit platform, another 227 million peso has been collected for the maintenance of the project, and remains under analysis since pedestrian bridges have also become a topic for a possible resolution.According to Gerardo Ruiz Esparza, Secretary of Communications and Transport, the bridge over the Bojórquez Lagoon, which is headed by Fonatur, continues to be analyzed along with the placement of pedestrian bridges to help deal with intense traffic in the hotel zone.“They are analyzing and (we) are waiting for information from the central offices to tell us if this budget is going to be exercised or what is going to happen in terms of maintenance,” said Juan González Castelán, regional delegate of the National Fund for Tourism Promotion (Fonatur).Since 2016, Fonatur allocated 240 million peso from its budget for the start of the project, but budget cuts at the federal level prevented further development of bridge plans.In 2014, Fonatur commissioned a Benefit Cost Analysis based on a demand study and found the bridge to be listed as a priority in the National Infrastructure Program 2014-2018, as a solution to the traffic problem identified on Boulevard Kukulcán.“Right now, from the delegation, we are waiting to see if there is specific instruction regarding the bridge, to know how to inform the media and of course the citizenship,” said González Castelán.The project consists of the construction of a bridge over the Bojórquez Lagoon, which will serve as an alternative route to the section of Kukulcán Boulevard that currently passes through Punta Cancún. If constructed, the new bridge will help decongest the area by at least 10,000 vehicles per day.Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on WhatsApp (Opens in new window)last_img read more