ConocoPhillips to axe 500 jobs at Houston headquarters

first_img ConocoPhillips headquarters in the Energy Corridor area of Houston, US. (Credit: WhisperToMe/Wikipedia) US-based independent oil producer ConocoPhillips is reportedly planning to axe up to 500 jobs at its headquarters in Houston, as the demand for oil declines due to the coronavirus pandemic.The move is aimed at cutting costs and prepare for the completion of the $9.7bn acquisition of US shale producer Concho Resources.The firm intends to notify the affected employees as early as 01 February 2021. These employees will receive 60-days advance notice.The company was quoted by Bloomberg as saying: “The process to determine the exact number of impacted employees is ongoing.“However, we anticipate the number of reductions in Houston could meet the threshold of 500 or more.”ConocoPhillips reduced production by 22%As a result of price crash due to the Covid-19 pandemic, ConocoPhillip has reduced its production by 22% over the last one year, requiring fewer employees, the news agency reported.ConocoPhillips spokesman John Roper was quoted by Reuters as saying: “We have been transparent with employees that targeted workforce reductions in certain areas of our business may be necessary from time to time to align organizational capacity with expected future activity levels.”In October this year, ConocoPhillips signed a deal to acquire Concho Resources in an all-stock transaction.ConocoPhillips expects the deal to increase its output capacity to more than 1.5 million barrels of oil equivalent (boe) per day, making it the largest independent oil and gas company and significantly boosting its operational footprint in the prolific Permian Basin region.The combined entity will have a nearly $60bn enterprise value, and an asset base comprising around 23 billion barrels of oil equivalent. As a result of the price crash due to the Covid-19 pandemic, ConocoPhillips has reduced its production by 22% in the past one yearlast_img read more

Fracking sites will put off 64% of buyers, research claims

first_imgHome » News » Housing Market » Fracking sites will put off 64% of buyers, research claims previous nextHousing MarketFracking sites will put off 64% of buyers, research claimsSurvey result shows many people remain nervous about the controversial gas extraction processNigel Lewis11th October 20160561 Views The government’s recent decision to give fracking the green light in Lancashire has been attacked by various groups including local communities, farmers and environmentalists. But now perhaps agents should be worried about shale gas extraction as well.Research out this afternoon reveals that over two thirds of British home buyers would be reluctant to buy a property near a fracking site.This may be bad news for agents trying to sell homes near the fracking sites in Lancashire as well as others around the UK including in Sussex. The first sanctioned site operated by fracking firm Cuadrilla is to be near Preston New Road close to Blackpool. A second site in nearby Treales, seven miles from Preston, has yet to be approved.The research by found that 21% of the 1,000 respondents to its survey were “unlikely” to buy a home near a fracking site while 43% said they were “very unlikely” although 32% of those who took part said they’d support fracking if it meant lower energy bills in the UK.One enthusiastic supporter of fracking is Sajid Javid, Minister for Communities and Local Government, who said the green light was given to fracking for its “potential to power economic growth, support 64,000 jobs, and provide a new domestic energy source, making us less reliant on imports”.Fracking is a way to extract gas from rock. The process employs a mixture of water, sand and chemicals under pressure which is then piped through holes in the ground to ‘fracture’ rocks deep down under the surface and release the gas.Research in the US by the National Bureau of Economic research into fracking in Pennsylvania and New York states in 2014 found that houses that relied on water sourced locally and often contaminated by shale gas and the chemicals used in the process lost value as buyers were put off  by poor water quality. But homes in the same areas that instead relied on water piped in from outside rose in value. Lancashire fracking sites October 11, 2016Nigel 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 2021last_img read more

All Invited to Panel Discussion Tuesday Following Student Suicides

first_imgThe Ocean City School District Student Services Department and members of the Traumatic Loss Coalition will hold a panel discussion and presentation for parents at 6 p.m. Tuesday, Nov. 3 at Ocean City High School.Topics will include student referral services, mental health and drug/alcohol awareness. All members of the community are invited to attend. The event will be held in the Media Center at the high school (use the front entrance).The topic of student mental health has risen to the forefront following the suicides of two Ocean City High School students within a year. (Read more: In Wake of Suicide, Public Pleads for More Help for Students.)The following letter from Ocean City School Superintendent Kathleen Taylor explains more about the issue and the event. October 27, 2015Dear Parents/Guardians and School Community:We strive to make the schools in the Ocean City School District as safe and secure as possible, but the tragic loss of two students to suicide in less than a year shocked all of us, parents, students, educators and the community.After a suicide death, it is common to try to answer the question, “Why?”We never want it to happen again, but the reasons someone dies by suicide are complicated. The American Foundation for Suicide Prevention (AFSP) informs us that a suicide is not caused by a single event such as a bad grade, an argument with parents, or the breakup of a relationship. In most cases, according to the AFSP, suicide is caused by an underlying mental health illness that affects the way a student feels, interacts, behaves and learns and prevents them from thinking clearly. In some cases, these problems also can manifest into risky and harmful behaviors, ranging from physical aggression to bullying to substance abuse and self-injury.Our School District has developed and continues to refine a responsible, multi-dimensional plan to raise awareness about mental health matters and to provide appropriate supports that are integrated with the learning environment of school. For resources and more information, please go to the School District website at you would like to anonymously report bullying or another serious event, please call the “Anonymous We-Tip Hotline” at 1-855-862-8559.Butthe School District cannot alone prevent suicide among our students. We need your help. Further in-depth discussions about those whom we care for deeply — our students — and teenage suicide are needed. The first panel discussion is being held on Tuesday, Nov. 3 from 6 p.m. to 7 p.m. in the High School Media Center (please see the attached flyer). There will be other information sessions in the next few months and the details of these sessions will be forthcoming.Additionally, the Ocean City School Board is forming a Strategic Ad-Hoc Committee comprised of board members, administrators, staff, parents, community members, law enforcement agencies and public agencies. This committee will work together to ensure consistency, collaboration and communication regarding teen mental health and wellness.We will have details following the School Board approval in November with the first meeting to be held in December. lf you are interested in serving on this Committee, please contact my secretary, Scotty Keiluhn at 609-399-5150 or [email protected] must work to support our students, and unite with families, the community and public agencies to prevent additional tragedies. Together, we can ensure that all of our children will grow and thrive in a supportive community that is forged through our partnerships.Sincerely,Kathleen W. Taylor, Ed. D.SuperintendentDownload (PDF, 93KB)last_img read more

M&S wins tax battle over teacakes

first_imgMarks & Spencer has won a 13-year tax battle over the status of its chocolate-covered teacakes, although there is still confusion around the legal ruling.The Law Lords upheld a decision made by the European Court of Justice (ECJ) last year, which ordered the Treasury to refund £3.5m VAT on the teacakes, taken between 1973 and 1994. Under UK tax rules, most traditional bakery products, such as bread, cakes and flapjacks, are free of VAT.But Damian Shirley, tax director at legal firm Eversheds, said that although the issue of classifying teacakes had been resolved, it still left open the complex issue of ’unjust enrichment’, where one party is unjustly enriched at the expense of another – for example, if a baker had incorrectly accounted for VAT on the sale of freshly baked warm pasties, or where VAT had been incorrectly accounted for in full on the supply of ’meal deals’.last_img read more

Franjo Tudjman Airport has a record number of passengers

first_imgThe month of July, both for tourist destinations and for the Franjo Tuđman Airport, was a record for the number of passengers.As many as 351.532 passengers passed through Zagreb Airport last month, an increase of 14,5 percent compared to the same month last year. The busiest day was July 17, when 12.598 passengers were recorded, and in addition to that, more than 12.000 passengers were recorded for three more days, which has not happened in the history of Zagreb Airport.Exceptional traffic growth of 10 percent, lasts all year round, and the services of the busiest airport in Croatia were used by more than 1,6 million passengers in the first seven months, point out Franjo Tuđman International Airport (MZLZ) and add that the volume of work and traffic has increased followed by an increase in the number of employees, so that since the opening of the new passenger terminal, a total of 118 new employees have been hired, of which 96 have been hired, while the rest have been hired for ancillary work. “The growth of the number of passengers was certainly contributed by the establishment of eight new routes, three of which are the routes of two new airlines Monarch and Emirates. The national carrier Croatia Airlines has opened four new destinations from Zagreb, and the existing airlines have increased the number of frequencies and capacities of the aircraft, which all directly affected the significant continuous increase in passenger traffic. ” stand out from MZLZ.Thanks to the existing flights, but also the introduction of new ones that connect Zagreb with other destinations and make it more accessible to a larger number of visitors, the number of passengers is expected to exceed three million for the first time by the end of the year.Related news:Will the announced strike of Croatia Airlines staff land aircraft in the middle of the tourist season?last_img read more

Governor Wolf’s Week, August 7 – August 13, 2016

first_imgGovernor Wolf’s Week, August 7 – August 13, 2016 August 12, 2016 SHARE Email Facebook Twitter Like Governor Tom Wolf on Facebook: The Blog,  Weekly Update This week Governor Wolf continued his tour of Opioid Use Disorder (OUD) Centers of Excellence across Pennsylvania and discussed the significant investment made in the 2016-17 budget to combat the opioid abuse epidemic plaguing the state. Joined by Department of Human Services Secretary Ted Dallas, Governor Wolf hosted press conferences at Crossroads Counseling in Williamsport and Montgomery County Recovery Center in Montgomery County.Continuing to fight the opioid abuse and heroin use epidemic is a top priority for the Wolf administration. On Wednesday, Governor Wolf announced through his GO-TIME initiative that the Department of Drug and Alcohol Programs enabled nearly $3.5 million to be spent on drug and alcohol treatment-related services in fiscal year 2015-16 by working with the Department of Human Services to expedite the processing of Medicaid applications for offenders entering residential drug and alcohol treatment.Also this week, Pennsylvania’s bipartisan liquor reform law took effect. The new liquor laws are the largest reform package passed since the end of prohibition 80 years ago and enhance the customer experience by providing greater convenience and satisfaction.Governor Wolf’s Week, August 7 – August 13, 2016Monday, August 8, 2016Governor Wolf Announces Simplex Industries, Inc. to Expand Operations in Scranton Creating 40 New JobsGovernor Wolf Announces Cerner Corporation Expansion to Create 250 New JobsIn Williamsport, Governor Wolf Touts Strides Made in 2016-17 Budget to Combat Opioid EpidemicTuesday, August 9, 2016After Balanced Budget with Sustainable Revenues, Moody’s Revises Commonwealth Outlook to StableGovernor Wolf Announces 250 New Jobs with Company Expansion in Franklin CountyWednesday, August 10, 2016GO-TIME: Expedited Medicaid Processing Initiative Results in $3.5 Million More in Drug and Alcohol Treatment ServicesIn Norristown, Governor Wolf Touts Strides Made in 2016-17 Budget to Combat Opioid EpidemicGovernor Wolf Orders Commonwealth Flags at Half-Staff to Honor Harold “Don” WhippleThursday, August 11, 2016GO-TIME: Digitizing Personnel Records Saves Space, Improves Efficiency and AccessFriday, August 12, 2016Pennsylvania Restores Scholarship Funding for 1,000 Early Child Care ProfessionalsHighlights from The Blog:Pennsylvania’s Historic Liquor Reform Takes EffectPennsylvania to Highlight Importance of Preventing Elder AbuseIndia Day 2016: Celebrating Pennsylvania’s Cultural Diversity6 Ways State Employees are Helping Gov. Wolf Save PA MoneyGovernor Wolf Visits Centers of Excellence, Discusses Investment 2016-17 Budget Made in Combating Opioid Abuse (Round-Up)Check out the 94 PA Liquor Stores That Will Now Be Open on Sundaylast_img read more

New land release as buyer demand rises at North Shore

first_imgThe latest home sites released at North Shore.MORE land has been released at North Shore on the back of buyer demand spurred on by the new North Shore State School.A total of 11 home sites have been released at the masterplanned community in the La Glorie section which is next to the new school.The school will be the first government school to open in Townsville in 15 years and is scheduled to open in 2018.More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020North Shore project director Andrew Astorquia said the demand had come from young families wanting to be close to the new school.“As a true masterplanned community, that integrates shops, schools, parks, playgrounds and community facilities, North Shore is very attractive to young families,” Mr Astorquia said. “And this is only further enhanced with the new North Shore State School coming out of the ground and now a reality. “As a result we have seen an increase in demand to be not only within the new school catchment but also within a masterplanned community.“The school will be a demonstration STEM school with an innovative design and very passionate and experienced principal, and I think the word has now got out.”Land in La Glorie starts from $119,000.For more information visit the North Shore Sales and Information Centre at 126 Sunhaven Boulevard, North Shore or go to read more

Niagara 2021 Canada Summer Games postponed to 2022 due to COVID-19 pandemic

first_img Loading… No decision has been made yet on the new dates for the Canada Summer Games, but both the CGC and the Niagara Host Society are aiming for the rescheduled event to take place during the summer of 2022. Both organisations are due to continue to monitor developments relating to the pandemic and will safeguard the health of all participants, staff and volunteers. Held every two years, alternating between winter and summer, the Canada Games is the country’s largest multi-sport event and is designed for amateur athletes. More than 5,000 participants and 4,000 volunteers were expected to take part in the next edition in the Niagara Region. “Postponing the Games certainly wasn’t an easy decision, nor one that we took lightly, but we felt it was the right choice to make,” said Doug Hamilton, chair of the 2021 Canada Games Host Society. read also:IOC boss to parley new Japanese Prime Minister on Tokyo 2020 “In all likelihood, moving ahead with the Canada Summer Games in 2021 would have prevented us from hosting the Games’ sport competitions and cultural events in the way that they were originally envisioned. “By delaying the Games to the summer of 2022, we hope to give Games participants a greater opportunity to maximise their experience, while also ensuring that Niagara can realise the full potential of hosting Canada’s largest multi-sport event.” FacebookTwitterWhatsAppEmail分享 2021 Canada Summer Games in Niagara have been postponed until 2022 due to the COVID-19 pandemic. After consulting with the Niagara Region, the Province of Ontario and the Federal Government, the Canada Games Council (CGC) and the 2021 Canada Games Host Society decided to postpone the event. Given the uncertainty created by the ongoing global health crisis, the decision to delay the Games was made to ensure the health and safety of all athletes, coaches, staff, volunteers and spectators. Organisers would also have been unlikely to deliver the sport competitions and cultural events to a high standard. “All of our athletes, coaches and volunteers are top of mind for us in deciding to postpone the Games,” said Canada Games Council Board chair Evan Johnston. “No doubt this decision will be disappointing for those who have been training and preparing for the 2021 Games, but we hope to find their understanding and support. “We made this difficult decision now, after careful consideration, to protect the health of Canadians and give all stakeholders more time to adjust their preparations. “We will be reviewing options for new dates for the Canada Summer Games to take place during the summer of 2022 in the Niagara Region.”center_img Promoted ContentYou’ve Only Seen Such Colorful Hairdos In A Handful Of AnimeWhat Happens To Your Brain When You Play Too Much Video Games?These TV Characters Proved That Any 2 People Can Bury The HatchetA Hurricane Can Be As Powerful As 10 Atomic BombsWho Is The Most Powerful Woman On Earth?Birds Enjoy Living In A Gallery Space Created For Them11 Most Immersive Game To Play On Your Table Top6 Interesting Ways To Make Money With A Drone20 “The Big Bang Theory” Moments Only A Few Fans Knew AboutThe Top 9 Oddest Underwater Discoveries No One Can Explain7 Reasons It’s Better To Be A Vegan7 Black Hole Facts That Will Change Your View Of The Universelast_img read more

The Final Word: Beat writer discusses Syracuse’s win over St. Bonaventure

first_img Comments Published on December 29, 2018 at 7:10 pm Facebook Twitter Google+center_img Syracuse (9-4) wrapped up its nonconference slate by defeating St. Bonaventure (4-9), 81-47. The Orange trampled the Bonnies, led by Tyus Battle who made all eight of his shots to tally 21 points. Battle also led Syracuse’s strong defensive effort, resulting in transition opportunities. SU opens Atlantic Coast Conference play at Notre Dame on Jan. 5.See what our beat writer had to say after the game.last_img read more

Syracuse falls in 2nd round of ACC Tournament to North Carolina

first_img Comments Facebook Twitter Google+ Published on April 19, 2019 at 7:58 pm Contact Eric: [email protected]center_img After defeating No. 8-seed Georgia Tech to advance to the second round of the ACC tournament, Syracuse’s run was halted. On Friday, the No. 9-seed Orange (13-12, 5-9 Atlantic Coast) were dominated by No. 1-seed North Carolina (27-1, 14-0) in a 4-0 rout.The match was moved indoors to the Sheffield Indoor Tennis Center in Durham, North Carolina due to weather. No. 56 Gabriela Knutson and Miranda Ramirez were quickly dispatched by No. 7 Jessie Aney and Alexa Graham, 6-1, after going down a break to start. Shortly after, a tornado warning suspended play for about 45 minutes.Once play resumed, the UNC pairing of Sara Daavettila and Alle Sanford finished off Sonya Treshcheva and Guzal Yusupova 6-2, with head coach Younes Limam once again opting to split up Treshcheva and Golubovskaya (who was paired with Dina Hegab). The Orange’s losing streak in doubles now extends to 10 games with the last coming on March 15. Masha Tritou, playing at fifth singles, was the first to fall. After starting tied 1-all, Tritou would not win another game against No. 118 Aney, losing 6-1, 6-0. No. 97 Ramirez went down two breaks early to No. 14 Daavettila and lost the first set 6-3. Ramirez struggled in the second set as Daavettila won 6-0.North Carolina clinched the match at first singles. No. 13 Knutson jumped out to a 4-2 lead up a break, but fell in the first set 6-4. As with Ramirez and Tritou, the second set did not feature a winning game for the Orange as Knutson also fell 6-0. The remainder of the matches went unfinished.AdvertisementThis is placeholder textThe No. 30 Orange now have to wait until April 29 to see if they will receive an at-large bid for the NCAA tournament.last_img read more