The 1,900km long Keystone XL Pipeline, which will carry 800,000 barrels per day of heavy crude from Canadian oil sands, will be built between the US and Canada Image: The Keystone XL Pipeline to be built by TC Energy will carry 800,000 barrels per day of heavy crude from Canadian oil sands into the US. Photo: courtesy of TC Energy Corporation. The Nebraska Supreme Court has affirmed an approval made by Nebraska Public Service Commission (Nebraska Public Service PSC) pertaining to the alternate route of TC Energy’s Keystone XL Pipeline project through Nebraska, US.The Keystone XL Pipeline is a proposed 1,900km long tar sands pipeline project to be built with an investment of $8bn (£6.52bn).The 36-inch diameter crude oil pipeline is to be laid between Hardisty in Alberta province, Canada and south of Steele City in Nebraska, US.Through the new pipeline, Keystone XL Pipeline aims to import more than 800,000 barrels per day of heavy crude from Canadian oil sands into the US.TC Energy president and CEO Russ Girling said: “The Supreme Court decision is another important step as we advance towards building this vital energy infrastructure project.“We thank the thousands of government leaders, landowners, labor unions and other community partners for their continued support through this extensive review process. It has been their unwavering support that has advanced this project to where it is today.”In June 2019, the Keystone XL Pipeline secured a favourable decision in the Ninth Circuit Court of Appeals which quashed the legal challenge put up by multiple environmental groups, including Sierra Club.Prior to that, in March 2019, US President Donald Trump issued a fresh Presidential Permit to enable TC Energy to construct, connect, operate, and maintain facilities associated with the oil pipeline project at the US-Canada international border at Phillips County in Montana.Environmental groups continue to oppose the Keystone XL Pipeline projectSierra Club claimed that irrespective of the ruling from the Nebraska Supreme Court, the Keystone XL Pipeline project continues to be stalled owing to federal legal challenges that made the company to miss the 2019 construction season.Nebraska Sierra Club attorney Ken Winston said: “It’s disappointing that the court ignored key concerns about property rights and irreparable damage to natural resources, including threats to the endangered whooping crane, but today’s ruling does nothing to change the fact that Keystone XL faces overwhelming public opposition and ongoing legal challenges and simply never will be built.”
Image: Armour Energy provided an update on operations at the Horseshoe 4 well. Photo: courtesy of Anita starzycka from Pixabay. The Directors of Armour Energy Ltd (ASX: AJQ) are pleased to provide an update on the Company’s operations at the Horseshoe 4 well, located in Armour’s 100% owned PL227.As previously advised, the drilling of the Horseshoe 4 well had progressed to a depth of 1,523m, before becoming stuck within the Hutton Sandstone formation, through a process known as “differential sticking”.A plan to free the stuck pipe was implemented, and at approximately 5am on 1 November the pipe became free of the differential sticking. Over the following 36 hours, the drill assembly was safely removed from the well.On the evening of 2 November, Armour recommenced drilling at a rate of approximately 12.2m/hr, and at 7am on 3 November, the well had reached a depth of 1,704m.Armour will now set 7‐inch casing to 1,704m isolating the Hutton Sandstones, before drilling ahead to the prognosed total vertical depth of 2,073m.Despite the unanticipated delay caused by the stuck in hole incident, Armour believes that that failing any further delay in the drilling operations, that the Horseshoe 4 well is anticipated to be completed on time, as per the initial drilling schedule. Source: Company Press Release The drilling of the Horseshoe 4 well had progressed to a depth of 1,523m, before becoming stuck within the Hutton Sandstone formation
The CNOOC Flemish Pass Exploration Drilling Project calls for exploration drilling within two exploration licences in the Flemish Pass Basin in pursuit of hydrocarbons Canadian government grants environmental approval to CNOOC Flemish Pass Exploration Drilling Project. Photo: courtesy of Daniel Case/Wikipedia.org. CNOOC International has secured environmental approval from the Canadian government to move ahead with the Flemish Pass Exploration Drilling Project, offshore Newfoundland and Labrador.The company, which is a subsidiary of Chinese oil and gas company CNOOC, proposes to carry out the offshore exploration drilling project within two exploration licences in the Flemish Pass Basin, about 400km east of St. John’s.CNOOC International’s subsidiary CNOOC Petroleum North America will use the eight-year exploration drilling project to search for potential hydrocarbons in the two licences besides assessing their nature and quantities.The Flemish Pass Exploration Drilling Project, which is slated to begin in 2020, has been approved by the Ministry of Environment and Climate Change.According to the Canadian government, the approval for the offshore exploration drilling project was granted after a comprehensive and science-based environmental assessment process.The Impact Assessment Agency of Canada, which undertook the review, concluded that the Flemish Pass Exploration Drilling Project is not expected to have significant adverse effects on the environmental if mitigation measures are implemented.Flemish Pass Exploration Drilling Project has to implement 101 legally-binding mitigation measuresSome of the 101 legally-binding conditions imposed by the ministry on the project proponent are measures to safeguard fish and fish habitat, migratory birds, species at risk, and the use of lands and resources by Indigenous peoples.Canada Environment and Climate Change Minister Jonathan Wilkinson said: “The Government of Canada is working with Canadians across the country to protect the environment and grow the economy. By evaluating projects based on sound science and Indigenous Knowledge, and putting in place legally-binding measures, we can protect our water and our air while supporting our communities.”The environmental approval allows CNOOC Petroleum North America to proceed with getting any further authorisations and permits from federal departments and also the Canadian-Newfoundland and Labrador Offshore Petroleum Board.CNOOC Petroleum North America expects 100-200 people to work on the offshore drilling installation during operations with almost the same or greater number of personnel to be engaged in support activities.Canada Natural Resources Minister Seamus O’Regan said: “We know how important the offshore is for the future of Newfoundland & Labrador. These exploration projects create good jobs, while ensuring the environment continues to be protected at the highest level.”
The oil pipeline expansion project was originally planned to be commissioned in the first half of next year The M2E4 was proposed to be expandable to as much as 540,000bpd.(Credit: PublicDomainPictures from Pixabay) Enterprise Products Partners has abandoned plans to go ahead with the Midland-to-ECHO 4 crude oil pipeline project (M2E4), as oil prices continue to remain weak.The cancellation of the 450,000 barrels per day pipeline project is expected to reduce the partnership’s aggregate growth capital expenditures for 2020, 2021 and 2022 by nearly $800m.Enterprise has also amended agreements with some of its customers to use its existing pipelines to support its crude oil transportation agreements.With the cancellation of M2E4, Enterprise expects to post an impairment charge of approximately $45m in its third quarter earnings.Enterprise stated: “Based on currently sanctioned projects, we expect growth capital expenditures, net of contributions from joint venture partners, for 2020, 2021 and 2022 to be approximately $2.8 billion, $1.6 billion and $900 million, respectively.”Midland to ECHO oil pipeline expansion was announced in October 2019In October last year, Enterprise, through its wholly owned affiliate M2E4, signed long-term agreements for further expansion of the Midland to ECHO crude oil pipeline system.The expansion of the pipeline was planned to connect 6 million barrel Midland, Texas storage facility to its ECHO Terminal through its Eagle Ford system in South Texas.Originally planned to be commissioned in the first half of 2021, the M2E4 was proposed to be expandable to as much as 540,000bpd.Apart from supporting crude oil production growth from the Permian Basin, the pipeline was expected to have allowed Enterprise to optimise its entire Midland to ECHO system.In April, the completion date for the pipeline was pushed back to the second half of the 2021.Enterprise is one of the leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals.Currently, it has approximately 50,000 miles (80,467km) of pipelines, 260 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals, and 14 Bcf of natural gas storage capacity.
In 1998, the Killanoola oil field was discovered by the Killanoola-1 well at a depth of 850 metres Red Sky to acquire stake in Killanoola oil field. (Credit: Monika Wrangel from Pixabay) Australian oil and gas company Red Sky Energy has agreed to acquire Beach Energy’s stake in the Killanoola oil field in South Australia.For the stake, the company, through its wholly owned subsidiary Red Sky (Killanoola), has signed a binding sale and purchase agreement (SPA) with Beach Energy to acquire interest for South Australian Petroleum Retention Licence 13 (PRL-13).The licence covers an area of 17.5km2 and is situated in southeastern South Australia in close proximity to the Jacaranda Ridge and Haselgrove gas fields and Katnook gas processing facility.In 1998, the Killanoola oil field was discovered by the Killanoola-1 well at a depth of 850 metres.Red Sky said that the previous flow tests have recorded the rates of up to 300 barrels of oil per day.In 2011, the second well Killanoola Southeast 1 was drilled within the PRL-13 area and discovered oil. The well has not been tested.Red Sky to initiate re-start planning for Killanoola 1 wellUpon completion of the transaction, Red Sky will initiate re-start planning for Killanoola 1 well, with a focus on resuming oil production as soon as possible using existing infrastructure and enhanced oil recovery techniques.Additionally, the company is planning to carry out a 3D seismic survey, test the Killanoola-Southeast 1 and complete a field development plan (FDP).Red Sky CEO and managing director Andrew Knox said: “The Killanoola oil field provides clear near-term production for Red Sky. It fits well with our strategy of acquiring near term producing assets with upside potential for reserve growth in one of Australia’s well known onshore areas, the Penola trough.“Red Sky has been actively reviewing conventional production opportunities and the current round of divestment activity in the Australian oil and gas sector has created this exciting opportunity for us.”Recently, Beach Energy has executed an asset sales agreement (ASA) with Senex Energy to acquire all its Cooper Basin portfolio of assets.
Home » News » Spark saved after it’s bought by green energy firm OVO previous nextProducts & ServicesSpark saved after it’s bought by green energy firm OVOThe 290,000 customers of specialist rental market utilities supplier Spark Energy including many estate agents and landlords, will see no disruption in service.Nigel Lewis28th November 201801,151 Views Utility supplier Spark Energy has been bought by Bristol-based renewable energy firm OVO Group just days after Spark announce it was in difficulties, blaming ‘increasingly tough trading conditions’.Spark Energy is the only specialist utility company supplying the rental market and has been in business since 2007, accumulating 290,000 customers and a turnover of £140 million.“We will service our customers, under OVO’s licence, from our existing offices, and continue to grow our niche model of partnering with leading letting and estate agent companies,” says Spark’s CEO Chris Gauld.Based in Selkirk, Scotland, it employs 300 staff and has a significant number of letting agents and landlords including high-profile players including Countrywide.Gauld also said it is ‘business as usual’ and that its acquisition by OVO Group will ‘significantly benefit the rental sector’. He also says Spark’s customers will see no disruption of its service, which offers property portfolio managers and landlords easier and more cost-effective management of their property’s utility bills as tenants move in and out, including during voids.Renewables tariffThe deal also brings a first for the rental sector from OVO Group; a 100% renewable energy tariff. Alongside its gas and electricity arm, Spark also supplies broadband, telephony and bespoke Sky TV packages, tailored to the requirements of people in rented accommodation.Earlier this year the company launched its digital home-move assistant, Tili, enabling home movers to set-up their essential utilities in just ten taps and three minutes while offering new income streams for the property industry.ovo group Chris Gauld spark energy November 28, 2018Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021
Home » News » Housing Market » Property transactions hold steady ‘despite Brexit’ worries previous nextHousing MarketProperty transactions hold steady ‘despite Brexit’ worriesPent up demand is beginning to release as buyers get fed up waiting for the UK to leave the EU, but a lack of stock continues to dog the market.Sheila Manchester22nd May 20190926 Views The latest property transactions report from HMRC covering April have revealed a small month-on-month dip in the number of residential sales to 99,420 but, when seasonally adjusted, show sales hovering at around 100,000 a month for the past 12 months.“Against all odds, today’s data reveals that property transactions remained steady across the country in April,” says Paul Smith, CEO of haart estate agents (left)“On the ground, we are seeing pent up demand build among buyers, but the market is still challenged by lack of stock. Latest data from our branches tells us that there are now 12 buyers chasing every instruction across the country, so when the right property does come along it’s not on the market for long.“The bulk of property transactions that are making their way over the line are from first-time buyers, largely due to the support that government has provided to this demographic of the market. However, if we want to see an increase in transactions more generally, we need to muster confidence in both buyers and sellers across the board.“Industry commentators and politicians are continuing to bang the drum for stamp duty reform, and rightly so. We cannot continue to ignore the swarm of robust evidence which proves how the arbitrary taxation is stifling the economy and the market. The market cannot return to normality until we have clarity on Brexit, but in the meantime, the government can make a difference by reforming taxation now.”haart HMRC Transactions statistics Paul Smith property transactions Sheila Manchester May 22, 2019The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021
Estate agency chain Connells has reported a spate of thefts at several of its recently re-opened branches in Essex, Buckinghamshire and Oxfordshire during office hours.The agency’s group head office is so worried about the sudden spike in crime at its branches that the company has warned competitors to be vigilant.Connells says individuals have entered its premises, disrespected the company’s social distancing rules, distracted staff and then stolen personal property including mobile phones from the desks of staff who were trying to keep their distance.“Apparently they say it is rare, but it does beg the question why they in particular suffered this in a number of their branches,” one agent said on a local blogging website.It is understood that local police have been informed, and Connells has provided guidance and support to colleagues across its branch network to help them stay safe and take reasonable precautions to reduce the likelihood of further incidents.Connells says a gang of both men and women have been involved in the attempted and actual thefts.Simon Arnes, Connells Group Estate Agency Operations Director (left), said, “As we return to our branches, our focus must be on the health and safety of our colleagues and customers, which includes observing social distancing measures.“Regrettably, however, social distancing can also present new opportunities for criminal behaviour.”After being warned about the ongoing threat, Robert Gordon-James of Martin & Co in Tonbridge, Kent, says he has installed a door bell on the door of his branch, keeps the door locked at all time and ensure staff keep their phones and other valuable hiddenRead more about Connells.Connells robbery estate agent robbery connells June 3, 2020Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Agencies & People » Connells warns industry of criminal ‘Coronavirus’ gang robbing branches in broad daylight previous nextAgencies & PeopleConnells warns industry of criminal ‘Coronavirus’ gang robbing branches in broad daylightGroup has made the unusual step of warning other agents after branches in three counties were visited by a gang taking advantage of social distancing rules to steal negotiator’s personal belongings.Nigel Lewis3rd June 202001,346 Views
Estate agents are being urged to take part in a national salary survey of the industry to find out how much everyone earns.Employment agency Rayner Personnel says a comprehensive survey of pay in the industry has been needed for some time and that its initiative will set the record straight.But equal pay campaigners will be disappointed – none of the questions relate to gender.Nevertheless, once the poll has been filled in by enough estate agents, the data will be published to enable employees to benchmark their own salaries, work out how much a promotion might bring them in extra pay, how much colleagues are probably pocketing and to decide whether it’s better to work for a corporate or independent.It will also highlight the differences in pay between negotiators, valuers, branch managers and how much they vary across different regions of the UK.Eight questionsAgents are being asked to answer eight questions and takes less than five minutes to complete, while the information will be kept entirely anonymous.“The more people that participate, the more compelling and accurate the results will be,” says Josh Rayner, founder and CEO of Rayner Personnel.“This will then provide an accurate benchmark for companies and individuals alike so that both parties will truly know what ‘good’ looks like when jobs are advertised, packages negotiated so that new working relationships start and continue on the right footing.”TAKE THE SURVEY.salary Josh Rayner Rayner Personnel estate agent pay estate agent salaries July 3, 2020Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Agencies & People » Survey asks estate agents to reveal their salaries and help make pay transparent previous nextAgencies & PeopleSurvey asks estate agents to reveal their salaries and help make pay transparentEveryone is being asked to fill in an anonymous and short questionnaire, the results of which will be used to nail down average pay across regions, job types and seniority and published for all to see.Nigel Lewis3rd July 202001,267 Views
Home » News » Marketing » Multi-branch Sussex estate agency returns to Zoopla after five-year hiatus previous nextMarketingMulti-branch Sussex estate agency returns to Zoopla after five-year hiatusEstate agency Mishon Mackay left Zoopla to fulfil OTM’s ‘one other portal’ rule but now says it wants greater reach across its key markets.Nigel Lewis14th October 20200858 Views Sussex estate agency Mishon Mackay is back on Zoopla, five years after quitting the portal during OnTheMarket’s ‘one other portal rule’ launch period.All its seven branches will now list on Zoopla, making Mishon Mackay the latest agent to return to the portal now that OTM’s one other portal rule is now an option rather than a stipulation.This new link-up also follows Zoopla’s efforts to drive more traffic and quality leads to its estate agency partners, which saw it launch two new free structures during lockdown, offering up to nine months for free.Zoopla’s chief commercial officer Andy Marshall (left) says that Mishon Mackay offers a true full-service experience to homeowners.“After five years away from Zoopla they’ve now returned, recognising our efforts to drive more leads and offer even better value to our agent partners,” says Marshall.“My colleagues and I look forward to helping them grow their business in what is a busy time for agents and home movers.”Steve Neocleous (left), business development director at Mishon Mackay, says it’s delighted to be working with Zoopla again so it can extend its reach for sellers across Brighton, Hove and Mid Sussex.He adds: “This means that we offer our clients the widest possible exposure to the market and it complements our already very proactive approach to selling property.”The news comes after an announcement by the portal in early October that it has seen a 3% growth in customer numbers year on year.Read more about portal wars.Mishon Mackay OnTheMarket OTM Zoopla October 14, 2020Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021