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FID reached for Southern Energy FLNG project in Argentina
FID reached for Southern Energy FLNG project in Argentina

Yahoo

time05-05-2025

  • Business
  • Yahoo

FID reached for Southern Energy FLNG project in Argentina

Southern Energy SA (SESA) has reached a final investment decision (FID) for the Southern Energy floating liquefied natural gas (FLNG) export project in Argentina. SESA was established in 2024 to develop LNG export capacity from Argentina, and is backed by a group of energy companies. Pan American Energy holds the largest share in the joint venture at 30%, followed by YPF with 25%, Pampa Energía with 20%, Harbour Energy with 15%, and Golar LNG with the remaining 10%. The Southern Energy project will utilise two of Golar LNG's FLNG vessels, Hilli Episeyo and MKII, to be stationed off the coast of Argentina's Río Negro province. It is expected to have a processing and export capacity of approximately six million tonnes per annum (mtpa) of LNG, equivalent to 27 million m3 per day of natural gas. The Hilli Episeyo, with a nameplate capacity of 2.45mtpa, is scheduled to begin operations in 2027. The larger MKII FLNG unit, offering a nameplate capacity of 3.5mtpa, is expected to start up in 2028. Both vessels will process gas sourced from the onshore Vaca Muerta formation in Neuquén, claimed to be the second largest shale gas reserves in the world. Harbour's capital expenditure requirement until commercial operations commence is estimated to be around $100m. The project has also secured key investment incentives under Argentina's RIGI (Régimen de Incentivo para Grandes Inversiones) framework, including the dollarisation of revenues after three years of production. Harbour's Argentina business unit managing director Martin Rueda said: 'Taking final investment decision on Southern Energy marks a significant milestone for Harbour Energy, providing the opportunity to deliver value from our extensive resource position in Argentina. 'As the country's first LNG project under the RIGI, it also marks an important milestone in supporting Argentina's ambition to become a material exporter of natural gas. We look forward to working together with our partners and stakeholders to safely and efficiently deliver this project.' "FID reached for Southern Energy FLNG project in Argentina" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio

The most controversial GTA Online updates of all time and why they divided the community
The most controversial GTA Online updates of all time and why they divided the community

Time of India

time22-04-2025

  • Entertainment
  • Time of India

The most controversial GTA Online updates of all time and why they divided the community

Image via Rockstar GTA Online has been running strong for over a decade now, but not every update has been a W. In fact, some of them almost killed the vibe entirely. From wild nerfs to deleted vehicles to griefing nightmares, Rockstar's decision-making has sometimes left the community straight-up fuming. Here are the most controversial updates ever—and why they caused such a massive split in the GTAO fam. Worst GTA Online Updates And DLCs Ever (2013 - 2024) 1. San Andreas Mercenaries: The Update That Made Everyone Rage-Quit Let's start with the biggest offender — San Andreas Mercenaries. This update didn't just drop the ball, it threw it off a cliff. 188 cars deleted . Yes, one hundred and eighty-eight vehicles got yeeted from the in-game websites with no proper warning. That's not just content removal — that's history getting erased. Players were furious, especially collectors and car lovers. Avenger Missions? Mid. Missions were a snoozefest with underwhelming payouts, clunky design, and a ridiculously overpriced upgrade barrier. Interaction Menu Nerfs . Rockstar also tweaked the UI and pushed essential options into the pause menu — making life harder for literally no reason. Platform Lockout . Oh, and you could only trade delisted cars on next-gen, leaving PC and last-gen players out in the cold. Like, why? 2. ULP Missions (Summer Update): Yawn Fest with One Good Fix ULP missions were meant to bring some secret-agent spice. Instead, they brought… meh. Mid-tier Missions . Repetitive, boring, and forgettable. It felt like filler content with no soul. ONE good thing : You could finally sell businesses in invite-only lobbies. That one change saved grinders from public lobby nightmares — shoutout to Rockstar for finally listening there. But beyond that? Not much else to celebrate. GTA5 | Beach Bum Update (EC) 3. Beach Bum + The Oppressor MKII Era: Welcome to Grief Central Beach Bum update was chill, no real drama — until the Oppressor MKII entered the chat. This thing didn't just change the meta, it broke it. Flying death machine . The MKII made griefing effortless. One button, one rocket, instant rage-quit. Ruined PVP . Public lobbies turned into chaos. Casual players dipped. Competitive players got sick of endless cheap kills. It became a game of 'who gets the MKII first.' So… Why Do These Updates Hurt So Much? Because they mess with the core experience players fell in love with. When Rockstar cuts content, locks features behind paywalls or consoles, or makes quality-of-life worse, it feels like they're not listening. And GTA players? We notice. Yes, the latest updates have tried to clean things up. But that Mercenaries update? It's gonna haunt the game's legacy for a long time. Get the latest IPL 2025 updates on Times of India , including match schedules , team squads , points table and IPL live score for CSK , MI , RCB , KKR , SRH , LSG , DC , GT , PBKS , and RR . Don't miss the list of players in the race for IPL Orange Cap and IPL Purple cap .

Israel's military strategy: Maintaining oversight in Lebanon despite troop movements
Israel's military strategy: Maintaining oversight in Lebanon despite troop movements

LBCI

time19-02-2025

  • Politics
  • LBCI

Israel's military strategy: Maintaining oversight in Lebanon despite troop movements

Report by Amal Shehadeh, English adaptation by Karine Keuchkerian "Lebanon, be cautious. While our army has withdrawn from your towns, we continue to maintain a presence in five positions. This does not mean our oversight of the situation in your area has ceased. Alongside our ground capabilities and rapid mobility, we have completed our preparations to monitor your sea and air." This is the message the army sent to Lebanon from the depths of the waters at Ras al-Naqoura, just 24 hours after its withdrawal from southern towns, announcing the deployment of the "Reshef" warship to monitor Lebanese waters fully. "Reshef" is the newest and most advanced vessel in the naval fleet, carrying 80 officers and soldiers along with dozens of missiles capable of hitting targets at sea and on land. What Tel Aviv wanted to convey through "Reshef" is a renewal of its naval military capabilities, which have played a pivotal role in "eliminating" Hezbollah's capabilities, just as its air force has. The Israeli military has also introduced the "MK II" system for its covert drones. What is this drone, and how does it differ from those used during the war against Hezbollah? The "MK II," like other drones, is capable of carrying out bombings and assassinations, but its most significant feature is its advanced technology, which will allow the ground forces stationed in the five occupied sites in Lebanon to track information and movements related to attempts to bolster Hezbollah's capabilities. Despite what has been said about American and French pressures and Lebanese attempts to end its complete occupation of southern Lebanon, Israel will only do what suits its security. This was announced by Israeli Prime Minister Benjamin Netanyahu in the first days of the "Al-Aqsa Flood" war when he stated that Israel would maintain its command "on all fronts."

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