Tag: 合肥夜生活

Blatche, Fajardo, Castro lead Gilas roster vs Japan

first_imgAlso in the squad are veterans Gabe Norwood, Calvin Abueva, and Japeth Aguilar, returnees Allein Maliksi, Troy Rosario, Kevin Alas, sophomores Roger Pogoy, Matthew Wright, and rookie Kiefer Ravena.Raymond Almazan, Mac Belo, and Carl Bryan Cruz will sit out the game.FEATURED STORIESSPORTSRedemption is sweet for Ginebra, Scottie ThompsonSPORTSMayweather beats Pacquiao, Canelo for ‘Fighter of the Decade’SPORTSBack on the throneGilas will take on Japan on Friday night at Komazawa Olympic Park General Sports Gymnasium in Tokyo. Andray Blatche. Photo by Tristan Tamayo/ INQUIRER.netNaturalized center Andray Blatche, four-time PBA Most Valuable Player June Mar Fajardo, and veteran playmaker Jayson Castro will spearhead Gilas Pilipinas it its opening assignment against Japan in the first leg of the Asian qualifiers of the 2019 Fiba World Cup.Coach Chot Reyes bared his 12-man roster on Thursday on the eve of the Philippine team’s clash against the home team.ADVERTISEMENT Don’t miss out on the latest news and information. Russia pulls basketball World Cup bid, blames negative image Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award LATEST STORIES Jake says relationship with Shaina ‘goes beyond physical attraction’ Jake says relationship with Shaina ‘goes beyond physical attraction’ Kiss-and-tell matinee idol’s conquests: True stories or tall tales? Jo Koy: My brain always wants to think funnycenter_img It’s too early to present Duterte’s ‘legacy’ – Lacson Steam emission over Taal’s main crater ‘steady’ for past 24 hours Coco’s house rules on ‘Probinsyano’ set MOST READ View comments OSG plea to revoke ABS-CBN franchise ‘a duplicitous move’ – Lacson Margot Robbie talks about filming ‘Bombshell’s’ disturbing sexual harassment scene Sports Related Videospowered by AdSparcRead Nextlast_img read more

Govt says decommissioning included in agreement

first_imgGovernment has debunked claims that decommissioning has not been included in the agreement it signed with U.S oil giant ExxonMobil, cautioning citizens to be careful of so-called pundits.Natural Resources Minister Raphael Trotman has said that Guyanese must equip themselves with the necessary knowledge to be able to determine right from wrong, and who is telling the truth.Natural Resources Minster, Raphael TrotmanThe Minister was referring to recent comments made by former Parliamentarian Charles Ramson Jr, who claimed that no provisions were made to exclude decommissioning costs from “cost oil.”ExxonMobil is expected to use revenue from its production in order to recoup its capital investment. This will be categorised as “cost oil”. Whatever remains of this is the ‘profit oil,’ which Guyana will have to split between the oil company and its associates.Decommissioning, on the other hand, is a process consisting of the removal of industrial installations and any relevant structures that have come to the end of their productive life in a certain industry, particularly oil.Trotman said, “Everyone has pronounced himself or herself an expert, and I don’t know if the Ministry (Natural Resources) could try to answer every so-called expert every day.“But it would be absurd that we won’t consider decommissioning …the Petroleum Exploration and Production Act deals with that. It states how the decommissioning should be done.”According to him, ExxonMobil has a licence which deals with the decommissioning. In fact, the Minister explained, the cost will be shared by both parties when that time has arrived.In fact, Article 5 of the oil agreement signed between the two parties speaks to relinquishment, referring to several sections of the Petroleum Exploration and Production Act which deals with decommissioning.Ramson had said that in an offshore production, such as where Guyana’s well is located, the costs can range in the region of a few million dollars to over US$500 million per oil and gas reservoir, for which plugging and abandonment is one of the highest cost factors – representing about 60 per cent of the total decommissioning cost.The former MP had claimed that ExxonMobil can write off any decommissioning cost as expenses and that would significantly lessen future revenue for Guyana, or ExxonMobil could seek partial funding from the Guyana Government to offset that cost, as is being done in the UK.Ramson also alluded to Guyana missing out on a chance to have a stake in the venture, as a partner with Exxon. He noted that because of this, the country had lost revenue, not to mention a chance to be recognised at an international level.But it was impossible for Guyana not to include decommissioning in its laws, especially when this process is legally governed by an international regulatory framework.On the decommission dealt with at international level, the main legal international principles (meaning principles not covering decommissioning within the States’ territorial waters, where it is entirely regulated by national laws) are contained in the 1958 Geneva Convention on the Continental Shelf and the 1982 United Nations Convention on the Law of the Sea, among others.There is also a human rights aspect to the decommissioning, especially since there is consideration of the dangerous nature of these activities on the environment and human life. And if decommissioning is not done to standard, it represents a huge risk for the life of the companies involved.For such reasons, in recent years, oil and gas companies have become increasingly active in paying proper attention to the international legislation addressing the care and protection of human rights.The 2013 Oil and Gas Sector Guide on Implementing the UN Guiding Principle on Business and Human Rights, issued by EU, aims at identifying a set of human rights affected by the activities in the oil and gas sector, as well as at providing guidance on how to spread knowledge about their existence with a view to promoting their protection through proper risk management activities.last_img read more