Jemena partners with Tamboran to expand Northern Gas Pipeline in Australia

first_img Tamboran Resources will be responsible for undertaking the upstream activities across the Beetaloo Basin. (Credit: Ioannis Ioannidis from Pixabay) Jemena has announced a partnership with Tamboran Resources to develop the Beetaloo / McArthur basin in Australia in a move to speed up its plans to boost the capacity of the Northern Gas Pipeline (NGP).The Australian energy infrastructure company has signed a binding Memorandum of Understanding (MOU) with Tamboran Resources, which holds an acreage in the Beetaloo basin in Northern Territory (NT).As per the MOU, Jemena will extend the 622km long Northern Gas Pipeline from the Beetaloo Basin to the Wallumbilla Gas Hub in Queensland.The expansion of the NGP capacity will involve an investment of over AUD5bn ($3.65bn).The pipeline, which currently runs from Tennant Creek in the Northern Territory to Mount Isa in Queensland, began commercial operations in January 2019.Jemena managing director Frank Tudor said: “This is an important step towards delivering on the Commonwealth Government’s plans for the Beetaloo as part of a gas-led recovery from the COVID-19 Pandemic.“Through this partnership we hope to expedite the pace at which we can bring much needed additional gas to market, while creating around 4,000 jobs – many in regional Australia.”Tamboran Resources will be responsible for undertaking the upstream activities across the Beetaloo Basin, as per the MOU. The company has a 25% stake in an exploration project in the basin with Santos (75% stake).Tamboran managing director and CEO Joel Riddle said: “The announcement of our partnership with Jemena represents a key building block in our efforts to bring new supplies of natural gas to energy starved eastern Australia by 2023-24.“Successful development of the Beetaloo in coordination with Jemena’s pipeline capacity expansion represents a significant opportunity to greatly enhance gas supply in Australia and we at Tamboran are excited to be a key participant in achieving this goal.”The partnership is expected to help Jemena to boost the capacity of the Northern Gas Pipeline from nearly 90 terra joules (TJs) of gas per day to 1,000TJs through a mix of compression and looping.The expanded pipeline will be connected to Jemena’s proposed 585km long Galilee Gas Pipeline.The proposed gas pipeline will deliver gas sourced from Galilee Energy’s Glenaras Gas Project in the Galilee Basin in Queensland to the Wallumbilla Gas Hub. The pipeline currently runs from Tennant Creek in the Northern Territory to Mount Isa in Queenslandlast_img read more

What Stage 5 of the Back On Track plan means for Hoosiers

first_img Facebook WhatsApp What Stage 5 of the Back On Track plan means for Hoosiers Facebook Previous articlePolice K9 sniffs out drugs, $350K in cash in vehicle on Indiana Toll RoadNext articleHit-and-run suspect believed to have struck police car taken into custody Jon ZimneyJon Zimney is the News and Programming Director for News/Talk 95.3 Michiana’s News Channel and host of the Fries With That podcast. Follow him on Twitter @jzimney. Google+ IndianaLocalNews By Jon Zimney – September 24, 2020 2 323 Pinterest Twitter Twitter Google+ Pinterest (Photo supplied/State of Indiana) Governor Holcomb is lifting most of Indiana’s remaining coronavirus restrictions, but a few limits remain in place.Starting Saturday, there will no longer be capacity limits on bars, restaurants and entertainment venues, though they’ll still need to enforce social distancing. There’s no limit on mass gatherings either, but anything over 500 people will require approval from the local health department.And Indiana’s mask requirement, which is part of a different order, remains in effect. State health commissioner Kristina Box notes Indiana’s positivity rate has dropped by one-third since Holcomb issued the mask requirement June 23, while Elkhart County, which imposed its own mask order before the state did, has seen an even steeper drop. She says while there’s still much that’s unknown about the virus, it’s now clear that even people without symptoms can spread it, and that masks are a key component in reducing that spread.Holcomb says he understands Hoosiers’ discontent about masks, and says it’s not his preference, “but it’s not my preference that a pandemic is on top of us, either.” He says mask wearing and other precautions, such as hand washing and social distancing, have made it possible to emerge from restrictions. But he and Box both warn precautions will need to continue, probably for several months. And Holcomb says the state will continue to monitor the virus’s spread, with the possibility of reimposing restrictions if there’s another surge.Indiana’s rolling average of positive tests has dropped below four-percent for the first time in three months. Every county is below 10-percent, with 58 of the 92 counties now listed at “minimal risk” for the virus basaed on a combination of positivity rates and the number of cases.Holcomb says there’s a particularly heightened risk as the weather turns cold, as more people retreat indoors, where the virus spreads more readily.While some conservatives have broken with Holcomb over the mask order to support the Libertarian candidate for governor, Westfield software engineer Donald Rainwater, Holcomb’s Democratic opponent is attacking the governor’s announcement from the other side. Former state health commissioner Woody Myers calls the lifting of restrictions “simply wrong,” and says the pandemic requires “more vigilance, not less.” WhatsApplast_img read more

Capitalizing on credit card growth

first_imgScott is the Principal of Your Credit Union Partner, PLLC.Your Credit Union Partner (YCUP) is a trusted advisor to the leaders of more than 100 credit unions located throughout … Web: Details The opportunities for credit union loan growth haven’t been this good for a very long time. According to the CUNA Mutual March 2017 Trends Report[1] (January 2017 data), overall, credit union loan balances rose 0.9 percent in January (better than the 0.4-percent pace reported in January 2016) and 11.5 percent during the past 12 months. Credit union seasonally-adjusted annualized loan growth reached 12.8 percent in January of 2017 – the fastest pace since January of 2000.For many credit unions, loan growth opportunities are found in abundance among existing members and a record number of new credit union members. CUNA reported in its 2016 year-end report[2] that membership in U.S. credit unions increased by 4.1 percent in 2016 overall. When compared to previous calendar year results, this is the fastest growth seen since 1986. U.S. credit unions now report 108.2 million members – a total which is equal to slightly more than a third (33.5 percent) of the country’s population.Growing credit union loan balances reflect an abundance of opportunity in the market today – is your team making the most of these opportunities and finding the optimum amount of success? For those of you looking to make more of these market opportunities (while they last), I offer the following thoughts.Be prepared, and take advance of peak credit card spend timeOverall, credit card spends increases from lows during the first quarter and then peaks annually during the fourth quarter. The chart below illustrates this trend back to 2014.Smart credit unions are preparing now to make the most of this strong opportunity in fourth-quarter 2017. Here are a few suggestions to help you capitalize on what will likely be a very strong year of credit-card activity.First, don’t rely on best guesses, or what you believe others are doing. Use trustworthy data that is relevant to your membership and target market. Trusted sources like Experian have created powerful card spend[1] algorithms, built from credit data, to help credit unions find the best opportunities. This data can help your team:Target high-spending members with your very best offerAssign the credit limit your members need and wantAssign the right APR to make sure you maximize interest and interchange incomeRetain profitable cards and identify those members who provide new opportunityMy experience is that many credit unions miss the boat when it comes to capturing the larger credit-card opportunity. High-performing credit unions are using the best-trended data to have a better understanding of their members, and customizing the product features and offer. Successful card programs are built upon a lot more than a low rate and reward program. Smart credit-union marketers know which members are likely to be Rate Surfers, Balance Revolvers, Transactors, Consolidators, Non-active, or Seasonal users. Card experts know how to present the right card product to the right member at the right time.Why it mattersPortfolio expert and Director Jason Dietrich of Experian’s Global Consulting Practice reports that year-over-year growth for national banks in credit cards is at a higher clip than credit unions: 12 percent for national banks versus 9 percent for credit unions (balance growth). National banks are credit unions’ primary card competitor in the market. This identifies an opportunity to revisit the way credit unions approach their card portfolios, and to take steps to maintain and grow their card share versus national banks.When asked to identify one thing credit unions should be focused on when it comes to managing their card portfolio, Mr. Dietrich replied, “retention.” Good retention activity requires a view toward retaining both spend and balance, aligned toward the needs of individual members. It’s very important that on the balance retention side, credit unions stay in touch with members who are showing the need or desire to consolidate debt, or who have significant revolving balance elsewhere at rates higher than the credit union can offer. Getting an offer for a balance transfer to them in a timely manner is important for balance capture and retention. And for retaining spend, the foundation for effective retention comes from identifying which members use credit cards primarily for spend rather than to revolve. For these members, ensure that proactive steps are taken to make your card product the most attractive one for that purpose. Several tactics are proven effective in achieving these goals, but it all starts with proper and timely identification of member needs.Who knows what tomorrow’s loan-growth opportunities will be. Let’s each win as many of these opportunities as we can TODAY. Be assured that your toughest competitors are using the best data, analytics, and marketing strategies to beat YOU in the market. You can take that to the bank.You’re strongly encouraged to assess your credit-card portfolio strategies. Make sure you are using the very best tools to make the most of today’s opportunities while they exist.[1] 54SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Scott Butterfieldlast_img read more

The six games police chiefs want played at neutral venues, including Man City vs Liverpool

first_img Comment Advertisement Metro Sport ReporterFriday 29 May 2020 11:04 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link351Shares Police have identified Liverpool’s match at Manchester City as one they want staged at a neutral venue (Picture: Getty)Police have set out the Premier League matches they would like to be played at neutral venues, which would include any Liverpool game where the title could be won.The matches which have been requested to take place at neutral grounds are Manchester City v Liverpool, Manchester City v Newcastle, Manchester United v Sheffield United, Newcastle v Liverpool and Everton v Liverpool.The police statement adds that ‘the game in which Liverpool could secure the league title’ should also be moved, but this may end up needing to be more than one match if the Reds did not clinch it at the first attempt.AdvertisementAdvertisementDeputy chief constable Mark Roberts of South Yorkshire Police, the UK’s football policing lead, said in a statement: ‘Our discussions with the Premier League throughout this process have been positive, with a shared focus on the priority of public health.ADVERTISEMENT‘As such we have reached a consensus that balances the needs of football, while also minimising the demand on policing. Police also want Man Utd’s match against Sheffield Utd played at a neutral venue (Picture: Getty)‘The majority of remaining matches will be played at home and away as scheduled, with a small number of fixtures taking place at neutral venues, which, contrary to some reports, have yet to be agreed.‘The views and agreement of forces which host Premier League clubs have been sought and where there were concerns, the Premier League has been supportive in providing flexibility in arranging alternative venues where requested.‘This plan will be kept continually under review to ensure public health and safety and a key part of this is for supporters to continue to respect the social distancing guidelines, and not to attend or gather outside the stadiums.’More: Manchester United FCRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starNew Manchester United signing Facundo Pellistri responds to Edinson Cavani praiseEx-Man Utd coach blasts Ed Woodward for two key transfer errorsNewcastle, in 13th, are the lowest-ranked side to be involved in a match at a neutral venue as things stand.There had been complaints from some clubs towards the bottom of the table, including Brighton, about the impact of playing at neutral venues on sporting integrity.Clubs will hold further discussions on whether to proceed with the season on this basis when they meet again on June 4.MORE: Premier League discuss placing ‘high risk’ Liverpool, Chelsea and Arsenal games at neutral groundsMORE: Chelsea accept N’Golo Kante could miss the rest of the Premier League seasonFollow Metro Sport across our social channels, on Facebook, Twitter and Instagram.For more stories like this, check our sport page. Advertisement The six games police chiefs want played at neutral venues, including Man City vs Liverpoollast_img read more