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BW Energy makes FID on the Maromba field offshore Brazil
BW Energy makes FID on the Maromba field offshore Brazil

Yahoo

time06-05-2025

  • Business
  • Yahoo

BW Energy makes FID on the Maromba field offshore Brazil

BW Energy has announced the final investment decision (FID) for the Maromba field development offshore Brazil, aiming to tap into an estimated 500 million barrels (mbbl) of oil. The project, with a capex-efficient approach, is expected to significantly boost BW Energy's net production by 2028. The Maromba field development will feature an integrated drilling and wellhead platform (WHP) and a refurbished floating production storage and offloading (FPSO) unit, BW Maromba. The initial phase involves six production wells, with a second drilling campaign planned to maximise field infrastructure. The total investment is projected to be around $1.5bn, with $1.2bn allocated for the initial development and an additional $300m for the secondary drilling campaign. BW Energy CEO Carl K. Arnet said: 'We have spent time on optimising the Maromba development plan and concluded on a highly competitive concept with a repurposed jack-up platform and FPSO, repeating the approach we very successfully applied in Gabon. 'Maromba will enable BW Energy to deliver industry-leading organic production growth and position the company for further low-cost developments of known potential developments. We expect to unlock significant shareholder value in all realistic oil price scenarios.' The WHP, a converted drilling jack-up, will be installed at a depth of approximately 150m and equipped with up to 16 well slots. The FPSO Maromba, with a storage capacity of 1mbbl, is currently undergoing refurbishment at the COSCO yard in China. BW Energy has committed $107.5m to acquire a jack-up rig for conversion into the WHP. BW Energy anticipates investing $1bn before first oil, with an additional $200m for the initial drilling campaign, followed by $300m for the secondary six-well campaign. The company expects the Maromba field to achieve production costs of less than $10 per barrel (bbl) over the first five years, with an internal rate of return exceeding 30% at $60/bbl Brent crude. Financing for the development will come from existing cash, undrawn facilities, operations cash flow and infrastructure financing solutions for the FPSO and WHP. BW Energy is also exploring various financing alternatives including corporate facilities and potential bond issuance. A $250m shareholder loan facility from main shareholder BW Group has been secured. Maromba, located in the Campos Basin, has seen nine wells drilled between 1980 and 2006, with oil discoveries in eight. The project targets 123 million barrels of 2P (proved plus probable) reserves, with additional resources expected from other reservoirs.

Pekin City Council buying farmland to develop a technology park
Pekin City Council buying farmland to develop a technology park

Yahoo

time30-04-2025

  • Business
  • Yahoo

Pekin City Council buying farmland to develop a technology park

PEKIN Ill. (WMBD) — The city of Pekin is working on another huge business project, bringing hundreds of jobs to the area. At Monday night's city council meeting, members approved an agreement with a New York-based company that plans to develop a technology park on the Lutticken Farms land. In order to do that, the council also had to approve a $12.5 million loan to complete the purchase of the Lutticken Farm. The city will then sell 320 acres of that land to the company WHP, LLC for $4.5 million. The new technology park will be a campus-like setting for data centers. The deal will bring an estimated $20 million annually in property tax revenue. The city also wants to talk with the company about offering Tax Increment Financing or T.I.F. dollars to help pay for the project. Josh Wray, The City's economic development director, said the technology park will bring in hundreds of jobs. 'It's going to be a strong economic driver for the city,' Wray said. 'This development on the jobs front, conservatively, I would say upon full development, it will be somewhere in the neighborhood of 100 to 150 jobs. Those jobs tend to be very well-paying. It's maintenance electricians, it's engineers, it's system administrators, network administrators.' The city is buying the over one-thousand acre farm land to ultimately build a new pathway from Veterans Parkway to Interstate 74. That will only take up about 50 acres of the land. The city plans to sell the rest of the land to developers, like WHP. Wray said Pekin is becoming a hot spot for new businesses and development. 'Pekin is all of a sudden a real hot spot for development.' he said. 'I go to a conference, or I go to some other type of meeting and everybody's talking about the big projects that are going on right now. And it's just a testament to our ability, both the city council and the staff and ultimately the community, our ability to say yes to things.' WHP plans to develop the technology park over the course of five to six years. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Mother Trapped Underneath Car for Hours After Teen Crashes Through Her Home
Mother Trapped Underneath Car for Hours After Teen Crashes Through Her Home

Yahoo

time25-04-2025

  • Yahoo

Mother Trapped Underneath Car for Hours After Teen Crashes Through Her Home

A mother is recovering after being trapped for hours beneath a car that crashed into her Pennsylvania home. Nicole Spielman was at home taking a nap around 3:45 p.m. on Saturday, April 19, when she woke up to a car on top of her, according to a crash report from state police viewed by PEOPLE and CBS affiliate WHP. The 16-year-old driver, who was not identified in the crash report, was traveling east on State Route 30 when he hit a utility pole, slid down an embankment and crashed into the north side of Spielman's home, according to police. In addition to causing significant damage to the house, the mother spent two hours pinned beneath the car on her stomach as first responders sought to free her. Related: Ohio Driver Causes 3-Car Crash with 'Heavy Damage' and Multiple Injuries After Allegedly Dropping His Doughnut "I was screaming for help," Spielman told WHP. "I'm not really sure if anybody could hear me in the beginning." After her rescue, which involved mechanical equipment, Spielman was flown to a trauma center at York Hospital, according to police. The car had to be extracted and towed from the home due to "disabling" damage to the front of the vehicle. Related: 2 Teens Among 4 Killed After Car Hits Charter Bus in Triple Car Crash on Washington Highway The driver, who was wearing a seatbelt, sustained minor injuries but refused to be taken to the hospital, according to the crash report. The teen was cited for not driving within the roadway. Never miss a story — sign up for to stay up-to-date on the best of what PEOPLE has to offer​​, from celebrity news to compelling human-interest stories. Spielman's older sister, Tina Keyser, started a GoFundMe to help cover rebuilding costs for the family, which includes Spielman's 7-year-old child. "The family is now without a home and needing to stay in a hotel," she wrote, noting that a number of their possessions have also been lost. Keyser did not immediately respond to PEOPLE's request for comment. Read the original article on People

Wyoming Highway Patrol Enhances Safety with AI-Driven Emergency Response System
Wyoming Highway Patrol Enhances Safety with AI-Driven Emergency Response System

Yahoo

time28-01-2025

  • Automotive
  • Yahoo

Wyoming Highway Patrol Enhances Safety with AI-Driven Emergency Response System

The Future of Public Safety in Wyoming BLOOMINGTON, Minn., Jan. 28, 2025 /PRNewswire/ -- C1, a leader in pioneering technology solutions that elevate connected human experiences, has partnered with leading public safety innovator Carbyne® to revolutionize the Wyoming Highway Patrol's (WHP) emergency response infrastructure through the deployment of Carbyne's APEX emergency contact platform. This groundbreaking initiative ushers in a new era of public safety for Wyoming, equipping WHP with innovative tools to meet the demands of modern emergency management. The APEX platform, known for its cloud-native architecture, integrates critical capabilities such as real-time AI-powered language translation, advanced geolocation tools, and an intuitive interface optimized for emergencies. This modernized system addresses WHP's long-standing challenges with outdated technologies, which often led to delays in response times and difficulties in serving the state's diverse communities. "By adopting Carbyne's technology in collaboration with C1, the Wyoming Highway Patrol is rewriting the approach to emergency operations," said Chuck Trimble, Dispatch Program Manager at WHP. "With AI-driven capabilities and real-time communication tools, we're primed to reduce response times and provide safety solutions that the people of Wyoming can count on." The cutting-edge platform is especially impactful for Wyoming's multicultural residents and visitors, offering seamless communication through AI-powered translation services. This feature eliminates language barriers for many non-English-speaking individuals, enhancing the speed and efficacy of emergency responses. Additionally, the system's advanced location-tracking capabilities assist dispatchers in pinpointing incidents with precision, even in the state's most remote areas. C1's Chief Customer Officer, Omar Bhatti, reaffirmed the company's commitment to public safety innovation. "As advanced AI tools streamline operational complexity and enhance situational awareness, Wyoming Highway Patrol dispatchers can focus on saving lives," Bhatti stated. "C1's mission is to provide more than just technology; it's about managing and delivering solutions that inspire confidence and elevate outcomes." A Collaboration Built on Trust and Progress WHP's partnership with C1 reflects a shared commitment to addressing public safety challenges through innovation and collaboration. Starting with the seamless integration of Carbyne's APEX system into existing WHP operations, C1 has worked closely with WHP to overcome concerns related to cloud-based security and compatibility with legacy systems. "What makes C1 stand out is their dedication to being a long-term partner," shared Trimble. "They've guided us through this transformation every step of the way, proving that they are not just a tech provider, but a trusted ally in emergency management." By leveraging C1 and Carbyne's expertise, the Wyoming Highway Patrol has solidified its role as a leader in adopting technology that supports faster responses, more accurate communication, and lifesaving advancements for communities across the state. Together, these efforts set the stage for a safer and more secure future for Wyoming residents and travelers alike. About Wyoming Highway Patrol (WHP) The Wyoming Highway Patrol is dedicated to providing public safety and law enforcement services that protect and serve the residents and travelers of Wyoming. With a focus on innovation, community partnership, and operational excellence, WHP strives to ensure safety on Wyoming's roadways. About Carbyne Carbyne (Headquartered in New York, NY) is a leading global provider of cloud-native mission-critical contact center solutions. Carbyne is one of the largest rich-data providers for emergency response centers, delivering over 250M data points per year, all in a unified platform. Our technologies enable emergency contact centers and select enterprises to connect with callers as well as connected devices via highly secure communication channels without needing to download a consumer app. With a mission to redefine emergency collaboration and connect the dots between people, enterprises, and governments, Carbyne provides a unified cloud-native solution that provides live, actionable data that can lead to more efficient and transparent operations and ultimately save lives. With Carbyne, every person counts. Learn more at Carbyne. About C1 C1, the global technology solutions provider, transforms businesses by creating connected experiences that shape the future. With more than 6,000 customers, C1 empowers industries through secure, innovative technologies, collaborating with leading partners like Cisco to deliver total lifecycle solutions. Learn more at Additional ResourcesCase Study: Media Contact Kim Espinosa kespinosa@ 832.721.0087 View original content to download multimedia: SOURCE C1 Sign in to access your portfolio

Teacher calls Muslim student a ‘terrorist' and resigns after backlash, PA reports say
Teacher calls Muslim student a ‘terrorist' and resigns after backlash, PA reports say

Miami Herald

time28-01-2025

  • Politics
  • Miami Herald

Teacher calls Muslim student a ‘terrorist' and resigns after backlash, PA reports say

A middle school teacher accused of calling a Muslim student a 'terrorist' has now resigned from her position following public backlash, Pennsylvania reports say. As calls for action against the unnamed teacher intensified, members of the Central Dauphin School Board announced her resignation during a meeting Monday, Jan. 27, according to WHP and WPMT. The incident occurred at Central Dauphin Middle School on Jan. 16 when a Palestinian-Lebanese-American seventh-grade student asked to change his seats. 'I do not negotiate with terrorists,' the teacher said while denying the student's request, according to the Philadelphia chapter of the Council on American-Islamic Relations. The teacher was placed on administrative leave after the remark came to light, WHTM reported. A district spokesperson told the station the matter was being investigated internally. Adam Rahman, the student's father, said the teacher admitted to making the comment, according to WGAL. 'The problem is if you have an opinion and you're racist, just keep it to yourself,' Rahman said, WGAL reported. 'But to embellish on it and to loosely say it in front of the class, there's a major problem.' Dozens of people attended Monday's school board meeting to speak on the matter and urge the district to handle the situation more swiftly, according to Before they were able to speak, board president Michael Jacobs said the teacher in question had resigned, according to WHP. 'Central Dauphin School District has a 'Zero-tolerance' for hateful speech,' the district said in a statement to the news outlet, adding that the resignation was approved. 'This district, this board, and this administration are all proud of the diversity of our schools, and we strive to provide an inclusive environment. Any incident of this nature goes against staff policies and the values that our district is built upon.' Rahman told WGAL the family plans to take legal action against the school and press charges against the teacher. He said the teacher's comment made the 12-year-old feel 'belittled (and) marginalized.' CAIR-Philadelphia Executive Director Ahmet Tekelioglu said in a statement 'racist language' will not be tolerated. '(Central Dauphin) can take this seriously and take meaningful, concrete steps to offer inclusion and equity training to its staff, to make sure that the curriculum is reflected, and that humanization of the Palestinian Americans, Muslim Americans take place,' he told WPMT. In a statement to WHTM before the teacher's resignation, a district spokesperson said the incident 'goes against staff policies and the values that our district is built upon.' 'Central Dauphin School District has zero tolerance for hateful and racist speech,' the spokesperson said. Central Dauphin Middle School is in Harrisburg, about a 105-mile drive northwest from Philadelphia.

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