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first_imgSpectrum Geo is set to acquire broadband 2D multi-client seismic survey over the Joint Management Area (JMA), managed by Joint Commission, located on the Mascarene Plateau between Mauritius and the Seychelles.This new dataset, covering 20,000 km, lies within exploration blocks already delineated by the proactive Joint Commission under their Hybrid Open Door Licensing System.This is the first agreement of its kind following the ratification of landmark treaties between the two countries in 2012 which concerned management of the continental shelf of the Mascarene Plateau region, and extended their joint jurisdiction by 396,000 km2, the company explained.Despite its location in the middle of the Indian Ocean, approximately 20% of the JMA area is in shallow water of less than 1000 meters.Spectrum has modeled gravity response over the JMA to be compatible with a fragment of the Madagascar-West Indian Jurassic and Early Cretaceous Crust.Neil Hodgson, executive vice-president Geoscience at Spectrum, said, “Our basin modelling puts the potential Seychelles style pre-volcanic source rocks into the oil window; this is corroborated by the presence of high quality oil slicks above the prospective area captured on satellite data. A live working hydrocarbon system lying unexplored below the basalts across this whole area is clearly demonstrated. Modern seismic acquisition and broadband processing techniques will allow us to reveal the oil potential of this fascinating basin.”Pre-funding opportunities for this seismic program are available now, the company added.last_img read more

first_imgPLAYA VISTA — The Clippers don’t have to be perfect Monday night, but it might help. They have tried the alternative and it hasn’t worked out so well in recent seasons. After all, they have lost 10 consecutive games to the Golden State Warriors, and 11 of 12 during a humiliating stretch of futility.It’s not as if the Clippers have been the dregs of the NBA since their lone victory in that run of games, a 100-86 victory on Christmas 2014. It’s just that the Warriors have been one of the league’s elite teams and there’s little doubt their wins over the Clippers have underscored their superiority.Related Articles Report: Quality of life is dim Last season, for example, the Warriors won four times over the Clippers by an average margin of 21.5 points. The Warriors went on to win their second NBA championship in three seasons, and pretty much everyone around the basketball world assumes they’ll win another one in June.“You know you have to play a great game to beat them,” Clippers forward Blake Griffin said. A stagnant offense was to blame for the fact that the Clippers were outscored 28-15 in the final quarter Saturday, but there was more to their late collapse. There was zero flow to their offense and they settled for jump shots when drives might have been more fruitful.The Clippers had only two assists in the fourth and shot only 24 percent (6 of 25).By game’s end, it was difficult to determine whether the Clippers’ sputtering offense led to lackluster defensive play that enabled the Pistons to shoot 50 percent (10 of 20, including 5 of 8 from beyond the 3-point arc,) or whether their poor defense led to a malfunctioning offense.In in any case, it provided a painful reminder of the need for greater attention to detail. It also created a teachable moment, or two or 20, for the Clippers’ coaching staff going into Monday’s game against the Warriors at Staples Center.“It’s going to take a total team effort on both sides of the ball,” said Clippers assistant coach Mike Woodson, who spoke to reporters instead of Rivers on Sunday. “They’re a high-octane team in terms of putting points on the board. We’ve shown this young season we can put points on the board, and defend, as well. But we’re going to have to bring our hard hats (Monday) night.” No question, the Clippers did not play a great game during a 95-87 loss Saturday to the Detroit Pistons. The Clippers’ first defeat in five games to start the season was still very much on their minds Sunday, when they reconvened for practice and a video session.Regaining the rhythm and efficiency that carried them to four consecutive victories to start 2017-18 should be enough motivation for the Clippers in the wake of Saturday’s clunker, according to Griffin. Relying on the presence of the Warriors to re-ignite their game would be a bad sign.“If that’s the motivation we need to play good basketball, we’re probably in trouble,” he said. “I think you have to use the good emotion. The negative emotion, you just kind of have to let it go within the game. You can’t get too down. They’re going to score. Every team is going to have runs.“We can’t do the hang-your-head thing after they score. You have to run it right back at them.”The Clippers went off the emotional rails during their loss to the Pistons, deflated by their inability to play well at both ends of the court in the first two quarters and later, and most noticeably, by Detroit’s fourth-quarter surge. Clippers coach Doc Rivers didn’t like the team’s “spirit.” Walnut rolls to victory Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more

first_imgAbout the authorPaul VegasShare the loveHave your say Fernandinho hails record-breaker Bernardo for Man City win: Pure classby Paul Vegas10 months agoSend to a friendShare the loveManchester City midfielder Fernandinho hailed the performance of Bernardo Silva for victory over Liverpool.The 24-year-old was outstanding with and without the ball as City cut Liverpool’s lead at the top of the table to four points.He covered 13.7km, which is more than any other player has managed in the Premier League this season, and Fernandinho, who himself delivered arguably his best Etihad performance, was full of admiration for him.“I think he showed his class,” Fernandinho said.“He has showed his technique so many times, but today he was so aggressive, recovered so many balls and he proved he is very good – one of the best players in our team.“He is so important for us.” last_img read more

first_imgzoom Despite an increase in its voyage revenues for the period ended June 30, 2017, Greek tanker operator Tsakos Energy Navigation (TEN) saw a drop in its net income.Namely, for the first six months of 2017, TEN’s net income halved at USD 21.1 million when compared with USD 41.8 million seen in the first half of 2016.Over the period, the company’s voyage revenues surged to USD 270.4 million from USD 241.9 million reported in the first half of 2016. The daily time charter equivalent rate per vessel was USD 20,038 and fleet utilization increased to 96.8% compared to USD 22,477 and 95.8% respectively in the same half of 2016.Operating income for the period was USD 49.1 million, down from USD 57.4 reported a year earlier.TEN also witnessed a drop in its net income for the second quarter of the year, which landed at USD 3.6 million compared to USD 16.4 million reported in the same three-month period in 2016, while its voyage revenues increased to USD 132.2 million from USD 119.9 million year-on-year.Revenues, net of voyage expenses, amounted to $104.1 million, an increase of 9.7% from the second quarter of 2016 due mainly to the eleven newbuilding vessels delivered to TEN and now operating in the fleet.The company’s operating income dropped to USD 19.3 million from USD 24.3 million delivered in the quarter ended June 30, 2016.Despite difficult market conditions, TEN’s fleet operated at 96.4% utilization in the second quarter of 2017, during which TEN operated, on average, a fleet of 62.3 vessels compared to 50.5 vessels in the second quarter of 2016.“TEN’s industrial shipping model is continuously reinforced with over 75% of the fleet on long term employment, including profit sharing provisions. This offers cash flow stability, visibility and substantial upside potential,” George Saroglou, Chief Operating Officer of TEN, said.In the first two quarters of the year, 22 new time charter contracts to international oil concerns have commenced including new strategic relationships with major end users. This brings the company’s time charter coverage of the fleet to more than 75%.“The continuous appetite of global oil concerns to cover their long term needs with solid charters is a positive sign for upcoming developments in the global oil markets. TEN, with one of the youngest fleets in international tanker shipping, will be well positioned to benefit from expected market upturns,” Saroglou concluded.last_img read more

first_imgzoom Denmark-based shipping company Hafnia Tankers ended 2017 in loss mainly due to a weakened product tanker market witnessed during the year.The company’s loss reached USD 11.6 million for the twelve months ended December 31, 2017, compared to a profit of USD 12 million reported in 2016. Operating profit for the period dropped to USD 14.4 million from USD 34.4 million seen in 2016.Gross earnings per day during 2017 were USD 13,825 per LR1 vessel, USD 13,875 per MR vessel and USD 11,700 per SR vessel.The product tanker market weakened during 2017, mainly influenced by a high supply of newbuilds. The fundamental demand for oil products continued to grow, however, most of the supply of oil products came from inventories, reducing the demand for transportation thereby causing a weak freight market.At the end of the year, global inventories of refined oil products fell and were close to the five-year average inventory levels. Hafnia Tankers informed that this should lead to a better balance between supply of vessels and demand for transportation of refined oil products.last_img read more

first_imgOTTAWA – When G7 finance and international development ministers convene in British Columbia next week, Canada hopes the meetings will generate fresh ideas on how aid money can be leveraged to entice the private sector to boost investments in poorer parts of the world.The challenging search for solutions will take place in Whistler, where finance and international development ministers will gather together for the first time at formal G7 meetings.Many countries, including G7 members like the United States and the United Kingdom, have been working for some time to lure more private capital into developing nations as a way to help make up for inadequate levels of foreign aid.Canada has been a late bloomer in this area. Earlier this year, it became the last G7 country to create a development finance institution to operate alongside its government-run foreign aid program.Marie-Claude Bibeau, the federal international development minister, says the hunt for new ways to get more private investment cash into developing countries will be a key part of the talks in Whistler.As this year’s G7 host, Bibeau says Canada will also put female empowerment at the centre of the development discussions — with new approaches that will take into consideration the full life cycle of girls, adolescents and women.Whatever Canada announces on development, she added, will be in line with the Trudeau government’s feminist policy.But Bibeau stressed that without innovative ideas, the international community will fall well short of its overall targets on eradicating poverty.Investments from donor countries around the world will have to be between $5 and $7 trillion in order to achieve the planet’s sustainable development goals by 2030, she said.Total funding last year was around $147 billion, she added.“We have to go from billions to trillions, so we know that if we only count on those donor countries, such as Canada and the G7 countries, we will never end poverty,” Bibeau told The Canadian Press in an interview.“So, we really have to think differently and bring new partners on board.”Bibeau said many options will be on the table in Whistler. She declined to get into specifics, but added that solutions could involve new ways of removing financial hazards for the private sector in riskier parts of the world.Canada sees the G7 as an important setting to come up with new ideas because of the large role it plays in development.Bibeau’s office says the G7, including the EU, provides 76 per cent of the world’s “official development assistance,” which is defined as government aid intended to improve economic and social development in poor countries. The G7 also provides 81 per cent of the planet’s humanitarian assistance, a spokeswoman for Bibeau said.The G7 discussions will also focus on trying to get the private sector interested in investing in women’s businesses in developing countries — and Bibeau said there will be an emphasis on adolescent girls.Adolescent girls in poorer countries often face big obstacles related to gender-based violence, early pregnancies and other challenges that result in them leaving school early age, she said.For Bibeau, giving adolescent girls in these countries the chance to improve their education, health and nutrition will be a big part of the effort.“We believe that this is the best way to end poverty — but if we want to have empowered women, we have to give girls the opportunity to develop their full potential,” said Bibeau, who has invited girls from developing countries and Canadian indigenous communities to address the ministers directly.However, some argue it won’t be easy to convince companies to put more of their money into developing countries.Liam Swiss, a development expert at Memorial University in St. John’s, N.L., said it’s important and admirable for governments to encourage private sector investors to get involved.But companies’ main goals will remain focused on where they can make money, he said.“They’re profit driven, so you can have good corporate social responsibility, but at the end of the day, the things that matter most is what their shareholders can yield in profits,” said Swiss, who is unsure what new tools could be proposed to attract private investors.“In terms of new and innovative ways to bring that about, I’m a bit at a loss in terms of what the G7 could offer to firms to encourage their partnership and their investments in these ways that hasn’t been tried before.”Critics of this approach, Swiss added, warn about potential abuses by private-sector firms in communities and of individuals — and the possibility the poorest people won’t see economic benefits.Others are more optimistic about what the G7 meetings might come up with.Megan O’Donnell of the One Campaign, an anti-poverty group co-founded by U2 singer Bono, said efforts by come countries have been “extraordinarily successful” so far in attracting private investment dollars to developing countries.The key question, she said, is whether we know that there have been positive impacts for the poorest people.“There has been some interesting work to suggest that that is the case, but I think a lot more can certainly be done to continue to build that evidence,” said O’Donnell, the One Campaign’s policy manager on gender issues.Looking ahead, she believes giving more economic empowerment to women — as entrepreneurs, for example — will be a win-win because they can also help investors’ bottom lines, once the financial risks have been eliminated.“It might not be intuitive for them at the start to recognize, ‘Hey, this is really a profit-seeking opportunity for us,’” she said of companies.“But with removing some of those risks, then all of a sudden the private sector is increasingly incentivized.”last_img read more

first_imgWASHINGTON – President Donald Trump is grossly overstating the extent of U.S. economic and job gains.In a tweet Monday, he declares that the economy has “never been better” and jobs are at the “best point in history.”In fact, the economy and jobs are nowhere close to historic bests based on several measures. Economists have also warned that U.S. growth is largely fueled by government borrowing, as the federal deficit rises because of his tax cuts, and is thus unlikely to be sustainable after a few quarters.A look at the claims:TRUMP: “Great financial numbers being announced on an almost daily basis. Economy has never been better, jobs at best point in history.”THE FACTS: He’s exaggerating. The economy is healthy now, but it has been in better shape at many times in the past.Growth reached 4 per cent at an annual rate in the second quarter, which Trump highlighted late last month with remarks at the White House. But it’s only the best in the past four years. So far, the economy is expanding at a modest rate compared with previous economic expansions. In the late 1990s, growth topped 4 per cent for four straight years, from 1997 through 2000. And in the 1980s expansion, growth even reached 7.2 per cent in 1984.It’s not clear what Trump specifically means when he declares that jobs are at the “best point in history,” but based on several indicators, he’s off the mark.The unemployment rate of 3.9 per cent is not at the best point ever — it is actually near the lowest in 18 years. The all-time low came in 1953, when unemployment fell to 2.5 per cent during the Korean War. And while economists have been surprised to see employers add 215,000 jobs a month this year, a healthy increase, employers in fact added jobs at a faster pace in 2014 and 2015. A greater percentage of Americans held jobs in 2000 than now.Trump didn’t mention probably the most important measure of economic health for Americans — wages. While paychecks are slowly grinding higher, inflation is now cancelling out the gains. Lifted by higher gasoline prices, consumer prices increased 2.9 per cent in June from a year earlier, the most in six years.Adjusting for inflation, hourly pay for non-managers — about 80 per cent of the workforce — fell 0.2 per cent over the same period. Yet in 1998, for example, inflation-adjusted hourly pay growth topped 2.5 per cent.___Find AP Fact Checks at http://apne.ws/2kbx8bdFollow @APFactCheck on Twitter: https://twitter.com/APFactCheckEDITOR’S NOTE _ A look at the veracity of claims by political figureslast_img read more

first_imgBengaluru: Kings XI Punjab captain Ravichandran Ashwin played down the animated reaction from his Royal Challengers Bangalore counterpart Virat Kohli after taking his catch near the boundary rope, saying both of them react out of passion. With 27 runs needed from the final over, Ashwin hit the first ball for a six, but on the very next delivery, he hit one straight to Kohli at long-on off Umesh Yadav’s bowling. Kohli celebrated in his typical usual self, giving Ashwin a fiery send-off. Also Read – Puducherry on top after 8-wkt win over Chandigarh Ashwin, on his part, was also seen throwing his gloves in the dugout in anger. “I just played with passion, so does he (Virat). That’s it. As simple as that,” Ashwin said at the post-match press conference here on Wednesday night after KXIP lost to RCB by 17 runs. KXIP skipper said his team failed to come good during crunch situations. “Three overs for 60 odd runs wasn’t desirable, but we were in the chase all along and I thought we couldn’t finish it off in crunch situation. That is what you back the senior players to do. Didn’t quite turn out the way we wanted. That is exactly how that is gone for us the entire tournament. Also Read – Vijender’s next fight on Nov 22, opponent to be announced later “Whenever we played those crucial moments, we won, and whenever we haven’t, we have lost it, because the games are really really tight for us,” said Ashwin. The 32-year-old said KXIP lost the plot in middle overs despite Nicholos Pooran and David Miller bringing them back into the game. “When you chase down 200, you ideally like one of your batsmen to make 70-80. We were not in it. We were 105 in 10 overs or something like that. We lost momentum similar to what RCB did in middle overs, but I thought Nicholos Pooran played really well and he got us back into the game. “I thought we were cruising at 4 overs 45 or 46 needed. From there on, it is quite disappointing that we could not finish the game on this ground.” Ashwin felt it was important to curtail AB de Villiers as he could make a lot of difference in end overs. “I think (Marcus) Stoinis was 26 off 30 balls before the last over started. So I don’t think that was quite the parameter. I think AB de Villiers is someone who definitely makes a difference in those end overs. It is very important we curtail him. Like I said our execution was all over the place towards the last two-three overs,” he said. India off-spinner said 30 runs in two overs was getable here at Chinnaswamy track, given the bowling attack of RCB, which had crumbled a lot in this season. “I don’t think it was really tilted. It was a balance like 2 overs 30 is still getable in this ground against the bowling attack we have seen that has crumbled before,” he said. Ashwin said had Miller connected one out of the park, KXIP would have won. “If David (Miller) would have connected one out of the ground it was – like I said it was that close. Just that we could not close out the game. That is really been our downside of the year so far. Hopefully, we can correct it in the coming games,” he said. On winning three out of their remaining games now, Ashwin said it is important to take one game at a time. “I think we have a couple of more players who get fit by the time we go to Hyderabad which will be a good boost for us. You can look at it as three out of three now, but it is very important to see that we have to win one at a time. The last two games are home games for us where we played reasonably well,” he said. “We have played some good cricket to actually end up only winning five games in the season. It is not quite pleasing that way, but going into the next three games, I am pretty confident that we can turn it around,” he said. Meanwhile, Marcus Stoinis lavished praise on de Villiers for his match-winning knock by saying, “What a superstar. He showed it again how good he is.last_img read more

Weve Never Seen A Player Quite Like Giannis Antetokounmpo

Antetokounmpo still needs to polish some of the finer aspects of playing guard, such as running a pick-and-roll and spotting up for jumpers. But! He’s also still days shy of his 22nd birthday. If he’s this good — and this versatile — now, watching Antetokounmpo reach his potential will be one of the NBA’s most entertaining storylines over the decade to come.Check out our latest NBA predictions. Across the nine major component categories of advanced metrics tracked at Basketball-Reference.com,1i.e., categories that attempt to isolate skill in a particular area of the game, rather than more holistic measures such as PER or Win Shares. Antetokounmpo ranks among the top half of qualified2For the purposes of this story, I considered a player to have qualified for the league leaderboard for these nine stats if he has played at least 12.2 minutes per scheduled game (taking the average number of games across all NBA teams), which works out to about 1,000 minutes in a normal 82-game season. NBA players in eight of them — turnovers are the only area where he was worse than the average player through Wednesday’s games.But the Greek Freak is at his most transformative when he plays point guard. When 6-foot-5-inch James Harden — 6 inches shorter than Antetokounmpo — is already towering over opposing point guards after his move to the position this season, the idea of a 6-foot-11-inch terror in the open court, dunking on opponents in transition and making plays for teammates, is unprecedented. Since the NBA-ABA merger in 1976, Toni Kukoc (in 1998-99) was the only player 6-foot-10-inch or taller to have a higher assist rate than Antetokounmpo has right now — and Kukoc wasn’t also rebounding or recording steals and blocks at anywhere near the same rates as Antetokounmpo is.In fact, the mere sight of a guy his size, doing what he does, is startling. Against Cleveland, the side-by-side comparison between Antetokounmpo and LeBron James — heretofore the greatest combination of size, speed and athleticism in basketball — was eye opening:To visualize what an outlier Antetokounmpo is among guards, here’s a plot of Box Plus/Minus against height for players listed by Basketball-Reference as point guards or shooting guards this season: One of the best point guards in the NBA right now stands 6 feet 11 inches tall.Let that sit for moment.OK, so Giannis Antetokounmpo also plays positions other than the point for the Milwaukee Bucks, and Matthew Dellavedova has been eating some of Antetokounmpo’s minutes at the 1. And frankly, it doesn’t really matter where Giannis plays, given that he can rattle off stat lines like the 34 points, 12 rebounds, five assists, five steals and two blocks he produced Tuesday night against the Cleveland Cavaliers. The guy is good at damn near everything there is to do on a basketball court: read more

OSU sophomore attacker Colin Chell (22) prepares to shoot during a scrimmage against The Hill Academy on Jan. 30. Credit: Kylie Bryant | | For The LanternThe Ohio State men’s lacrosse team almost has an embarrassment of riches on the offensive side of the ball. Seemingly each week, anyone can step up in a pivotal role and provide a spark on the attack. Such was the case again Friday in Ohio Stadium.Sophomore attacker Colin Chell scored the Buckeyes’ first three goals and added an assist, while junior attacker Austin Shanks scored two goals and assisted on two more to lead the Scarlet and Gray to a 12-7 win over the University of Maryland, Baltimore County.OSU coach Nick Myers had high words of praise for his sophomore attacker.“(Chell) is a special player,” Myers said. “He had a great week of practice … and did a great job at the attack position tonight.”Although the Buckeyes, who were coming off their first loss of the season to Massachusetts last week, were in control for most of the game, it took them some time to get there.The first quarter was relatively even between the two teams. UMBC opened up the scoring at the 13:40 mark when freshman midfielder Billy Nolan threw a strike to give the Retrievers a 1-0 lead. A pair of goals by Chell and one more by UMBC leveled the game at 2-2 to end the quarter.Chell kept it rolling to open the second quarter with his third goal of the game, giving him six on the year. After the win, he tipped his hat to defense for allowing him to make an offensive impact early in the game.“You got to credit (redshirt junior goalie) Tom Carey in cage and the defense for making some quality stops down there and being able to get us the ball on offense,” Chell said.OSU’s defense clamped down on the UMBC offense for the next two quarters after allowing the pair of goals in the first quarter. The Retrievers were only able to attempt four shots in the second and third quarters combined. For the game, they had just 16, whereas OSU attempted 41. Myers said the key to this was being able to work together.“I think the biggest thing we stressed defensively in practice this week was just playing with seven (and) getting more guys on the same page,” Myers said. “Anytime you hold a team scoreless for 25-to-30 minutes in a row is a positive.” This staunch defensive effort allowed the Scarlet and Gray to hold a 9-3 lead as the fourth quarter began. It was a lead that proved to be insurmountable, as the game finished by a score of 12-7.Junior midfielder John Kelly said this game was a step in the right direction, especially with the Buckeyes coming off a loss in their previous game.“We feel great, a complete turnaround from last week,” Kelly said. “Overall, we had a fantastic performance and feel really good about the way that we played.”Junior faceoff specialist Jake Withers continued his stellar play at the position. Withers won nine of 11 faceoffs in the first half and 14 of 22 total, continuing his streak of advantage in faceoffs through the first four games of the year.“(Withers is) an amazing faceoff guy,” Kelly said. “He fights for ground balls, and I love the way he plays. He’s very important to our time of possession and allowing us to keep the ball on the offensive end of the field.”The win means the Buckeyes are off to a 1-0 start in games played at the ‘Shoe. Chell said it gives the Buckeyes an extra edge to play home games in the historic stadium.“Everybody was amped up to play in the ‘Shoe tonight,” Chell said. “It’s a great atmosphere — a night game — and we brought the juice.”While noting it is still early in the season, Myers said he likes how the team is looking.“It’s still February. We’ve got a long way to go,” Myers said. “But being at home in the ‘Shoe, it’s important that we came out and played with the urgency that we needed to, and I thought that the men did that tonight.”The Buckeyes will stay at home next weekend, as they are set to host the Midwest Lacrosse Classic. They are scheduled to play Marquette on Friday at 6 p.m. and Bellarmine on March 6 at 3 p.m. read more