Israel’s Delek Group sells stake in Cohen Development for $58m

first_img Delek sells shares in Cohen Development Gas and Oil. (Credit: Pixabay/Gerd Altmann) Israel’s Delek Group has divested all of its 51.76% shares in Cohen Development Gas & Oil for NIS207m ($58m) in cash.The Israeli firm has sold the shares to various buyers in unequal parts, with each buyer purchasing its part separately.Delek said it is also entitled to receive its share of the payment of a dividend of $5m expected from Cohen Development, which offers oil and gas exploration and production services in Israel.Delek to use half of the proceeds for current requirementsThe firm plans to use half of the proceeds from the share sale for its current requirements.In a statement, Delek said: “The Company is assessing the accounting implications of this transaction on its financial statements including in the light of the theoretical realization of part of the gas and oil assets alongside realization of the royalties to which Cohen Development is entitled.”Delek Group is an independent exploration and production company with activities in the UK North Sea and the East Mediterranean. The company has significant holdings in the Leviathan and Tamar natural gas reservoirs in the East Mediterranean.In February 2020, Delek’s Ithaca subsidiary signed a non-binding Letter of Intent (LOI) with an undisclosed investment firm to jointly establish a new infrastructure company for North Sea assets.As per the LOI, Ithaca will own 40% stake in the new company that will be established for Ithaca’s North Sea operations while the undisclosed firm will hold the remaining 60% stake.The new company will purchase two of production platforms including Ithaca’s fully-owned floating production facility FPF-1 proximate to the Stella field as well as the floating production, storage and offloading vessel proximate to the Captain Field. Delek is entitled to receive its share of the payment of a dividend of $5m expected from Cohen Developmentlast_img read more

Unloading of North Korean Ship Carrying Cuban Weapons Concludes in Panama

first_imgBy Dialogo August 13, 2013 Cuba admitted to owning the weapons, considering it “defensive and obsolete,” while North Korean authorities stated that it is “a legitimate contract” to refurbish Cuban weapons. Panamanian prosecution reported that 203,191 sacks of sugar were found in the ship. Furthermore, “several SA2 and SA3 missiles were found in pieces” in the last inspection performed on August 11, “which will be analyzed in detail by experts and specialists,” prosecutor added. On July 10, Panamanian authorities detained the North Korean vessel Chong Chon Gang under suspicion of drug trafficking, when it attempted to cross the Panama Canal from the Atlantic. After discovering the weapons aboard the ship, and in view of the United Nations sanctions against the Pyongyang government, Panama requested the UN to conduct an inspection. This delegation of experts will issue a report to help the Security Council decide if UN resolutions 1718 of 2006, 1874 of 2009, and 2094 of 2013, related to avoiding the “acquisition, transport, and transfer of war materials” to Pyongyang, were violated. After the first inspections were conducted, Police found containers carrying undeclared Cuban military equipment that was hidden under sugar cargo. However, “inspections are not finished yet, since there are some areas left to examine,” Caraballo stated. The unloading of the North Korean vessel captured in Panama and carrying undeclared Cuban weapons hidden in sugar cargo came to a n end on August 11, a day before the arrival of UN inspectors, Prosecutor Javier Caraballo, in charge of the case, reported. “In total, we have found 25 containers (with military equipment) and six military vehicles” in five compartments of the ship, the prosecutor added. The prosecutor said that war aircraft, anti-aircraft missile systems and guide equipment, rockets, explosives, and command and control trucks were found among the war materials aboard the vessel on August 7. The sugar bags were unusually stowed individually, hinting that it was probably aimed at burdening unloading activities, according to experts. last_img read more

Farmers raise concern following temporary closure of a Donegal vet

first_imgConcerns have been raised over the temporary closure of a Donegal Vet following regulatory issues and staff shortages. The Donegal Animal Hospital in Letterkenny, which is owned by Vetcare, a major British chain of veterinarians, cited “challenges in the practice” and referred its customers to other nearby chains.According to The  Irish Times, the company told staff members on Friday morning it was closing temporarily due to recent difficulties, including a shortage of vets, but also due to “other legal/regulatory issues”. It also told staff there had been a Department of Agriculture investigation, which it cited as another reason for the temporary closure.Johnny Duncan, a farmer from the area, said he had sought treatment for a cow which is sick with summer mastitis.He told Irish outlet: “The place was closed; I had to go back out again. She’s not treated, she’s a sick cow.”He said he could not obtain any medicine from the vet’s practice. “It is very urgent,” he said. Farmers raise concern following temporary closure of a Donegal vet was last modified: August 26th, 2019 by Staff WriterShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:animalsanimals in needfarmersvetlast_img read more

How I Determined My Three Words for 2016

first_img Essential Reading! Get my 3rd book: Eat Their Lunch “The first ever playbook for B2B salespeople on how to win clients and customers who are already being serviced by your competition.” Buy Now Today I recorded a podcast with Jeffrey Gitomer. He asked me the question about how I set up my Three Words for 2016.Ken Wilber is likely the greatest mapmaker of all time, having created a map of the entire universe including human psychological and cultural development. If that sounds like an exaggerated claim, I assure you it isn’t.The last time I was with Ken Wilber, I asked him the secret of making maps.The following is what Ken told me to do. He told me to write everything I could think of as it pertained to a map I was creating. Then he told me to spend time bundling these ideas into the logical categories that present themselves. Once those categories were bundled together, move up a level and see if there are other natural ways to bundle things together. You want as few pieces as necessary, and as many as you need. It sounds easier than it is, especially after you have gone through the process a few times.And this is how I established my Three Words for 2016.I made a list of goals and gaps. I looked at my successes from the past year and decided to increase my goals massively in 2016. And then I looked at the differences between my current performance and my future goals. I started to bundle together ideas.Growth: As I looked at my work, I recognized that there were areas where I needed to develop and increase my skills and my results. As I bundled those together, the word “growth” was a common theme. It was in every category of goals. It made sense to start there.Multiplier: Recognizing that time is our only non-renewable resource, I acknowledged that there’s nothing I can do to add more hours to my day. To me, this meant I needed a “multiplier.” I still only have one hour a day to workout at the gym. Limited time, in this and other areas, requires that I do things that multiply the outcome of my efforts.Focus: There were some goals and gaps that I recognized needed more of my time and attention. There are so many things I want to do, but there is not enough time to do all of them. As I looked at these, the common theme was “focus.” Focus is a narrowing. It’s concentration of attention and energy. It also means eliminating some things that are outside of what’s most important.After I had finished developing these themes, I went back over my goals and outcomes for 2016 to work them through the Three Words framework. I applied these ideas to the revised vision of my 2016 plan. The iteration is important. It solidifies things.You can use this methodology in any area of your life. If you haven’t used the Three Words methodology, I recommend it. And if you’ve already chosen your three words, run back through your goals and dreams and make sure they’re all aligned with your themes.last_img read more

Engineers invent tiny vision processing chip for ultrasmall smart vision systems and

Led by Associate Professor Massimo Alioto from the NUS Faculty of Engineering, the team’s discovery is a major step forward in developing millimetre-sized smart cameras with near-perpetual lifespan. It will also pave the way for cost-effective Internet of Things (IoT) applications, such as ubiquitous safety surveillance in airports and key infrastructure, building energy management, workplace safety, and elderly care.”IoT is a fast-growing technology wave that uses massively distributed sensors to make our environment smarter and human-centric. Vision electronic systems with long lifetime are currently not feasible for IoT applications due to their high power consumption and large size. Our team has addressed these challenges through our tiny EQSCALE chip and we have shown that ubiquitous and always-on smart cameras are viable. We hope that this new capability will accelerate the ambitious endeavour of embedding the sense of sight in the IoT,” said Professor Alioto.Tiny vision processing chip that works non-stopA video feature extractor captures visual details taken by a smart camera and turns them into a much smaller set of points of interest and edges for further analysis. Video feature extraction is the basis of any computer vision system that automatically detects, classifies and tracks objects in the visual scene. It needs to be performed on every single frame continuously, thus defining the minimum power of a smart vision system and hence the minimum system size.The power consumption of previous state-of-the-art chips for feature extraction ranges from various milliwatts to hundreds of milliwatts, which is the average power consumption of a smartwatch and a smartphone, respectively. To enable near-perpetual operation, devices can be powered by solar cells that harvest energy from natural lighting in living spaces. However, such devices would require solar cells with a size in the centimetre scale or larger, thus posing a fundamental limit to the miniaturisation of such vision systems. Shrinking them down to the millimetre scale requires the reduction of the power consumption to much lesser than one milliwatt.The NUS Engineering team’s microchip, EQSCALE, can perform continuous feature extraction at 0.2 milliwatts—20 times lower in power consumption than any existing technology. This translates into a major advancement in the level of miniaturisation for smart vision systems. The novel feature extractor is smaller than a millimetre on each side, and can be powered continuously by a solar cell that is only a few millimetres in size.Professor Alioto explained, “This technological breakthrough is achieved through the concept of energy-quality scaling, where the trade-off between energy consumption and quality in the extraction of features is adjusted. This mimics the dynamic change in the level of attention with which humans observe the visual scene, processing it with different levels of detail and quality depending on the task at hand. Energy-quality scaling allows correct object recognition even when a substantial number of points of interests are missed due to the degraded quality of the target.”Next stepsThe development of EQSCALE is a crucial step towards the future demonstration of millimetre-sized vision systems that could operate indefinitely. The NUS research team is looking into developing a miniaturised computer vision system that comprises smart cameras equipped with vision capabilities enabled by the microchip, as well as a machine learning engine that comprehends the visual scene. The ultimate goal of the NUS research team is to enable massively distributed vision systems for wide-area and ubiquitous visual monitoring, vastly exceeding the traditional concept of cameras. A team of researchers from the National University of Singapore (NUS) has developed a novel microchip named EQSCALE that can capture visual details from video frames with extremely low power consumption. The video feature extractor uses 20 times less power than existing best-in-class chips, so it only requires a tiny battery. It could reduce the size of smart vision systems down to the millimetre range. For example, it can be powered continuously by a millimetre-sized solar cell without the need for battery replacement. Citation: Engineers invent tiny vision processing chip for ultra-small smart vision systems and IoT applications (2018, January 19) retrieved 18 July 2019 from Wireless camera network offers new possibilities for security systems A team of researchers led by Associate Professor Massimo Alioto from the Department of Electrical and Computer Engineering at the NUS Faculty of Engineering has developed a tiny vision processing chip, EQSCALE, which uses 20 times less power than existing technology. Credit: National University of Singapore Provided by National University of Singapore Explore further This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. read more