September 4

News Corp in talks over MySpace sale

first_imgTuesday 29 March 2011 8:38 pm Share KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald News Corp in talks over MySpace sale Show Comments ▼ NEWS Corp has held early-stage talks with US music video site Vevo over exchanging its ownership of beleaguered Myspace for a stake in a new venture.Rupert Murdoch’s firm has hired Allen & Co to advise it on a sale or spin-off of the former social network, now branded as an entertainment site.It is understood representatives for News Corp had initially contacted Vevo to see if they would be interested in purchasing all of Myspace a few weeks ago but were rebuffed. Since then, a joint venture has been proposed which could see News Corp spin off its stake into some sort of joint venture. One of the firm’s most valuable assets is Myspace Music, a joint venture between Myspace and the four major music label owners including Vivendi’s Universal Music Group, Sony Music Entertainment, Warner Music Group and EMI Music.Vevo is currently only available in the US and Canada, but the firm said this month it will be up and running in the UK “imminently”. The firm, run by a record label, has just under 60m video viewers per month in the US.According to recent statistics, Myspace lost a staggering 10m users in just a month at the start of this year. Last year it lost 50m users after being squeezed by Facebook, which has more than 500m users. Rupert Murdoch’s News Corp bought the company for $530m (£377m) in 2005. center_img Tags: NULL whatsapp More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com whatsapplast_img read more

August 18

Euro 2020: Good news for fans, Wembley Stadium could have 50%…

first_imgFootballSportSport NewsUEFA Euro 2020 ITA vs WAL Dream11 Prediction for Euro 2020 Football Match – Fantasy Tips, Captain Choices, Playing11, 20 June Football Football Tokyo Olympics Village: Organizers unveils Tokyo games athletes village to the media, check first look TAGSEngland Euro 2020Euro 2020Euro 2020 crowdWembley capacityWembley Stadium SHARE Euro 2020, Switzerland vs Turkey LIVE: Switzerland to punish hapless Turkey; Follow Live Updates, Follow Live update by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeGrammarlyImprove Your Spelling With This Helpful Browser ExtensionGrammarlyUndocio.comUnlocking the Success of Digital Transformation with Active Intelligencecio.comUndoPhotoStickHow To Back Up All Your Old Photos In SecondsPhotoStickUndoEURO 2020 Full Schedule / EURO 2020 Points Table / EURO 2020 Groups / EURO 2020 Teams / Euro 2020 Live Streaming Details / Euro 2020 Top ScorersEuro 2020: Wembley will host England’s all three Group D games against Croatia, Scotland Czech Republic. It will also host two Round-of-16 matches besides the two semifinals and the final on July 11. Out of 11 venues, Wembley Stadium will host 8 matches, most amongst others. Russia’s Saint Petersburg Stadium will host 7. Other venues are in Munich, Rome, Baku, Budapest, Seville, Bucharest, Copenhagen and Amsterdam.But for other venues, crowd presence will be greater with Hungary allowing a full crowd while others will let 50% of the stadium capacity in. However, due to the pandemic, it will not be a straight-cut process for fans this time. Each fan will need to show proof of vaccination or a negative COVID-19 test report before entering the Wembley Stadium.“The first priority, second priority and third priority at a tournament is always fan safety. It’s important for everybody that we have spectators back — it represents a step towards normality for all of us in society. But, with that, we ask that supporters are sensible and plan ahead. Come on time; don’t rush to the stadium. Wear a mask. Keep a distance from others when possible and make safety a priority in all that you do,” Martin Kallen, the CEO of UEFA Events, told Associated Press.Also Read: EURO 2020 starts tonite, check out who Indian football greats Baichung Bhutia, Nabi, Fernandes will be rooting forEuro 2020: The UK has already begun allowing fans back to the stadiums starting May 17. In the Premier League’s last two matches, up to 10,000 people were allowed back in the stadiums. For England’s friendlies against Austria and Romania, 7,000 fans were allowed at Middlesbrough’s Riverside Stadium.Furthermore, ongoing England vs New Zealand Test series has allowed fans with up to 18,000 allowed for the match at the Edgbaston. The ICC WTC Final between India and New Zealand will also have a crowd presence in Southampton.The test events began in May with the FA Cup final allowing 20,000 fans at the Wembley besides the World Snooker Championship final also have a capacity crowd on May 3. Euro 2020 Points table: Germany secure first win, Poland keep Euro hopes alive; Check Euro 2020 latest group standings Football Football Football Football Esports Euro 2020, Switzerland vs Turkey: Top 5 players to watch out for in SUI vs TUR Raid Shadow LegendsDon’t play this game if you are under 40 years oldRaid Shadow Legends|SponsoredSponsoredUndoFreight & Shipping Quotes | Search AdsResearch & Compare Freight & Shipping QuotesEnjoy Affordable Freight & Shipping Services With These Service ProvidersFreight & Shipping Quotes | Search Ads|SponsoredSponsoredUndoDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleNow she has a normal job.MoneyPail|SponsoredSponsoredUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallEnjoy farming, stock up and make friends. Taonga is a whole world full of adventure!Taonga: The Island Farm|SponsoredSponsoredUndo Euro 2020 Top Scorers: Ronaldo joins Patrik Schick at top, Lukaku remains second; Check who is leading the Euro 2020 Golden Boot race Share on Facebook Tweet on Twitter Euro 2020 LIVE broadcast in more than 200 countries, check how you can watch Live Streaming of EURO 2020 in your country Previous articleICC Events: PCB’s big claim, want to host 5 big ICC events in next cycleNext articleInd Tour of Sri Lanka: Shikhar Dhawan ‘humbled to lead Team India’, thanks fans for the wishes Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. Facebook Twitter PUBG Mobile – Krafton IPO: PUBG Mobile promoters Krafton ready to break all records, aims 5 billion IPO Euro 2020- Spain vs Poland Highlights: Spain held to 1-1 draw as Lewandowski’s Poland keep Euro hopes alive Euro 2020: Wembley Stadium to allow 40,000 crowd for Euro final Euro 2020: Just hours away from the first match of Euro 2020, football fans in England and Europe have some good news as the UK government is considering a plan to allow fans at least 50% of Wembley Stadiums for the knockouts. That means, Harry Kane & Co’s England could hope for thundering support for their matches.While nothing has been finalised yet, the Football Association and the UK government are in talks to allow at least 40,000 fans even if the current plans for easing restrictions are delayed. At present, only 25% of the 90,000-capacity stadium or 22,500 people are allowed for the first two group stage games — both England’s matches. Once the discussions are finalised, the plans must be sent to the UEFA in the coming days as per a BBC report. Euro 2020: Good news for fans, Wembley Stadium could have 50% capacity for Euro knockouts Latest Sports News Fantasy By Kunal Dhyani – June 11, 2021 RELATED ARTICLESMORE FROM AUTHOR Football Euro 2020, Italy vs Wales LIVE: Gareth Bale issues warning for Italy ahead of crucial fixture – Follow Live Updates last_img read more

July 12

Zambeef Products Plc (ZAMB.zm) 2009 Annual Report

first_imgZambeef Products Plc (ZAMB.zm) listed on the Lusaka Securities Exchange under the Agri-industrial sector has released it’s 2009 annual report.For more information about Zambeef Products Plc (ZAMB.zm) reports, abridged reports, interim earnings results and earnings presentations, visit the Zambeef Products Plc (ZAMB.zm) company page on AfricanFinancials.Document: Zambeef Products Plc (ZAMB.zm)  2009 annual report.Company ProfileZambeef Products Plc, listed on the Lusaka Securities Exchange, is the largest vertically integrated food retailing brand in Zambia. The Group is principally involved in the production, processing, distribution and retailing of beef, chicken, pork, milk, dairy products, eggs, stock feed and flour. The Group also has large row cropping operations (principally maize, soya beans and wheat), with approximately 7,971 hectares of row crops under irrigation which are planted twice a year, and a further 8,623 hectares of rainfed/dryland crops available for planting each year.last_img read more

July 12

National Breweries Plc 2017 Annual Report

first_imgNational Breweries Plc (NATBRW.zm) listed on the Lusaka Securities Exchange under the Beverages sector has released it’s 2017 annual report.For more information about National Breweries Plc (NATBRW.zm) reports, abridged reports, interim earnings results and earnings presentations, visit the National Breweries Plc (NATBRW.zm) company page on AfricanFinancials.Document: National Breweries Plc (NATBRW.zm)  2017 annual report.Company ProfileNational Breweries Plc produces, packages and markets traditional sorghum beer products in Zambia. Popular variants of its opaque beer are Chibuku Shake-Shake and Chibuku Super. The Chibuku beer brands are packaged in cartons and returnable plastic bottles and distributed through a nationwide network. The world-leading brewer, Anheuser-Busch InBev SA, has a 70% majority shareholding in National Breweries but the company is considering sharing a controlling stake to Delta Corporation which is one of the largest holding companies in Zimbabwe by market value. National Breweries is a subsidiary of Zambia Breweries Plc which was previously majority-owned by SAB Miller. National Breweries Plc is listed on the Lusaka Stock Exchangelast_img read more

June 23

French focus: Racing Metro double act aiming to build long-term success

first_img Racing Metro are the Parisian club with the big names and the grand plans. A new stadium is under construction and president Jacky Lorenzetti has made no secret of his desire to topple Toulon as Europe’s powerhouse club. And he might just do that this season with a squad that includes Jonathan Sexton, Jamie Roberts and Johan Goosen. But in the galaxy of stars at Racing it’s two down-to-earth Frenchmen masterminding their Top 14 campaign. RW caught up with coaches Laurent Travers and Laurent Labit to find out more.Laurent Travers, 45, was hooker for Brive when they won the 1997 Heineken Cup Final against Leicester. With Labit he coached Castres in 2013 to their first Top 14 title in 20 years.Laurent Labit, 46, played full-back for Castres for a decade before his appointment as Montauban coach in 2004. Five years later he and Travers moved to CastresGreat minds think alike: Travers (far left) and Labit (left) chat to Sexton and O’GaraRugby World: What pleased you most about Saturday’s away win at Montpellier?Laurent Travers:  Our spirit. We allowed Montpellier to come back into the game but we didn’t crack and we kept our focus.Laurent Labit: When they had a man sent off [Charles Géli on 40 mins] we knew we’d get a reaction in the second half and we knew the pressure would be on us because of our numerical superiority. But we handled the pressure and that’s a measure of our progress because I’m not sure last season we would have won a game like that.RW: You’ve been coaching together for ten years so what’s the secret of your partnership?LT: There’s a perfect osmosis. We each have our area, our way of doing things, and there’s a balance.RW: Do you play the ‘good cop, bad cop’ routine with the players?LT: [laughs] I am a bit more impulsive and Laurent is little calmer. But sometimes it’s the opposite. The advantage of having two coaches is that it reduces some of the pressure.RW: How has French rugby changed since your playing days in the 1990s?LT: Today there is more intensity, speed and fitness, but perhaps less technique. Clubs spend a lot of time on the physical preparation but perhaps we’ve neglected a little of the technical side, and that’s why the ‘French flair’ has disappeared.Flair missing: Travers bemoans the loss of creativity in FranceLL: I agree but also think it’s deeper than that. There is a problem with sport in French schools and colleges [there is no organised team sport in the French school system]. In Britain and the southern hemisphere children have opportunities to play all different sports, which is good for developing motor skills. In France you have to join a club outside school to play sports.RW: What’s best: anonymity in Paris or recognition in Castres?LT: There are positives and negatives, more so for the players than us. In a small town you have a rapport with the locals and they will encourage you when they pass you in street. In Paris once you leave the club no one knows you. The positive is you can go out for a meal and not be disturbed.RW: Do the different nationalities bring different approaches to training?LL: Not really in training but certainly to have players from different countries helps us. We absorb everything and we can then change or modify things if we think we should. Though it’s us who ultimately decide, we discuss a lot with all the international players Stop Ranger: The Racing Metro defence had their hands full with 14-man Montpellier this weekend TAGS: Highlight Racing Metro came through a rigorous test on their quest for Top 14 glory at the weekend against a combative Montpellier side, so we asked their coaches how they were shaping up for the new season?center_img RW: How does your recruitment policy work?LT: We don’t work from a catalogue supplied by agents! Usually it’s opponents we’ve played against for two or three seasons. Perhaps they weren’t ready or able to move then but a little later they say okay and we recruit them. And, of course, we look at our own team, the balance and what areas we think need reinforcing. Usually the president tells us okay, you can recruit four or five players and so we’ll discuss the priorities.RW: How often do you speak to Jacky Lorenzetti and what’s his influence?LT: We’re in daily contact with the president and it’s clear: we’re in charge of the sporting side [of the club] and he runs the financial side.Trailblazer: Jonny Wilkinson was a great ambassador for the Top 14RW: Which of you speaks the best English?LL: Not meLT: I understand it better than I speak it. But from next week we both start taking intensive English lessons. French is the priority at the club but I think it’s also indispensable for us to speak English.RW: Which overseas player speaks the best French?LT: Francois van der Merwe, who’s been here a few years [since 2008]LL: More recently, Ronan O’Gara speaks good French and is very important for Racing. He’s a bridge almost between the Anglo-Saxon world and the French because he can communicate so well.RW: Is all the money flooding into French game good or bad?LL: I believe it’s good because it allows clubs to build on the long term. Money also brings in big overseas stars and I think that boosts the championship and also benefits French players – particularly young players- because they have so much to learn from these world-class players. Look at Jonny Wilkinson and the effect he had not just on Toulon but also the French players who played with him.RW: Have you both ambitions to coach France?LT: I don’t believe anyone if asked would refuse to coach France but we are at Racing and that is our priority. But as coaches wanting to coach at the very highest level then, of course, coaching France would interest us. LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALSlast_img read more

June 16

Funding the Future to be held on 10 February

first_img Howard Lake | 5 January 2010 | News Tagged with: Funding  17 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Funding the Future to be held on 10 February Funding the Future, the UK’s largest event bringing together statutory, Lottery and trust funders, will be held in London on 10 February.The one-day event features 50 senior speakers, including eight Government Ministers and Shadow Minsters. They include the Chief Executives of the Big Lottery Fund, Arts Council England, Heritage Lottery Fund, The Social Investment Business, the Esmee Fairbairn Foundation, CAF, and the Dulverton Trust, together with representatives from a range of large and small grant-making trusts from BBC Children in Need and Comic Relief to the Shell Foundation and the Sainsbury Family Charitable Trusts.Other speakers include Third Sector Minister, Angela Smith MP, and Shadow Third Sector Minister, Nick Hurd MP; Culture Minister, Margaret Hodge MP, and Shadow Culture Minister, Ed Vaizey MP; Shadow Children’s Minister, Tim Loughton MP, and Communities Minister, Barbara Follett MP.The conference consists of a morning plenary session followed by a choice of seven specialised funding streams. These cover1. health, disability and social care2. community regeneration and fighting disadvantage3. children and young people4. arts and heritage5. international development6. the environment7. faith-based projectsThe event is organised by fundraising and strategy consultants, Action Planning, in association with ACEVO, the Big Lottery Fund, The Social Investment Business, CAF and Blackbaud.The fee is £148, which includes VAT, lunch, a networking reception and all presentation materials.www.actionplanning.co.uklast_img read more

May 27

Upated: Donegal Team revise final leg of homecoming tour

first_img Facebook Google+ By News Highland – September 27, 2012 The Donegal Team is on the final leg of its tour of Donegal.The team’s journey has been revised.Prolonged stops will only be made in Malin, Buncrana and Glenswilly.The team is due to stop briefly in Newtowncunningham around 5.30pm and then Burt, Muff, Moville,Carndonagh and Urris.It is not clear at this point at what time the team is in due in the aforementioned towns. 75 positive cases of Covid confirmed in North Main Evening News, Sport and Obituaries Tuesday May 25th Pinterest Pinterest WhatsApp Previous articleMystery over Raphoe calves attacked,killed and eatenNext articleAlternative A5 Alliance say they can’t be blamed in funding row News Highland Twitter Facebookcenter_img Upated: Donegal Team revise final leg of homecoming tour News Man arrested on suspicion of drugs and criminal property offences in Derry Gardai continue to investigate Kilmacrennan fire Google+ RELATED ARTICLESMORE FROM AUTHOR 365 additional cases of Covid-19 in Republic Further drop in people receiving PUP in Donegal WhatsApp Twitterlast_img read more

May 18

Pictures of gun victims will be used to cause ‘peaceful’ disruptions of NRA convention

first_imgAlex Wong/Getty Images(DALLAS) — The student-led March for Our Lives inspired adults into action also, including one woman who is helping lead visual demonstrations during the National Rifle Association convention this weekend.Susan Levine told ABC News that what she saw during that March 14 demonstration prompted her to take action now in her city of Dallas.“I was watching all the speeches on TV and I was so incredibly moved and blown away by how articulate and powerful these children were,” she said, adding she “really felt like ‘Wow, I really want to do something to help this movement grow and amplify it.’”She decided that the best way to chime into the national gun debate was to “cause some sort of disruption … in a peaceful way” during the upcoming NRA convention.Levine is collaborating with four gun safety groups including gun violence prevention group Giffords to arrange guerilla projections of gun victims on buildings in downtown Dallas near the site of the convention on Friday night.The projections will begin at nightfall, hours after both President Donald Trump and Vice President Mike Pence speak at the event earlier in the day. Pence’s address, which was announced prior to Trump’s, sparked some controversy because the Secret Service banned the presence of guns and knives in the room during his speech.On Saturday, the visuals will move to the streets, with five double-sided mobile billboard trucks “weaving around the street closures,” Levine said.Both the projections, which will range from eight to 15 stories tall, and the displays on the billboard trucks will show the pictures and names of 24 gun victims, along with the model of gun used in their death.The victims range in age from 6 to 51, and they were chosen, with permission from their relatives, to show the diversity of gun deaths in the U.S.Victims from high-profile shootings like those in Aurora, Sandy Hook, and Pulse nightclub will be interspersed with others like Brishell Jones, 16, who died as a result of a drive-by shooting, or Aaron Rocha, 17, who was the victim of a “random road rage” shooting, Levine said.“It’s not just about mass shootings. It’s about the things that happened every day,” Levine said, citing violent break-ins, suicides, and instances of being “in the wrong place at the wrong time” as often overlooked examples of deadly gun violence.Levine said she hopes that the visuals make the tens of thousands of convention-goers think about the impact of their weapons.“It’s really not about being a liberal or a conservative or being for guns or completely against them,” she said. “It’s about life and I really don’t want people to lose sight of that so the focus of the campaign really let’s the power of the victims and their stories of gun violence do the talking.”While she has familial ties to Parkland, Florida, which was the site of the deadly school shooting in February, she does not have direct ties to victims of gun violence. That isn’t the case for Peter Ambler, the executive director of Giffords, which is one of the groups partnered in this demonstration effort.“I’m somebody who’s lost a colleague to gun violence. I worked with [former Rep.] Gabby [Giffords] when she got shot and it’s important that the NRA leaders and the politicians that they control are able to see with their own eyes the real tragic cost of their political agenda,” Ambler told ABC News.“There’ll be lots of macho talk but very little reflection on Congress’s inability to address the country’s gun violence crisis,” he said.Copyright © 2018, ABC Radio. All rights reserved.last_img read more

May 12

Aerospace has the best record on training

first_img Previous Article Next Article Aerospace firms have the best training record in UK manufacturing but arestill suffering from skills shortages, according to research. A survey of the sector by the National Training Organisation for EngineeringManufacture (EMTA) reveals that 58 per cent of aerospace firms pay for both onand off-the-job training, compared with the manufacturing industry average of47 per cent. The study also reveals that almost half of aerospace companies employapprentices compared to an industry average of 38 per cent. Despite the sector’s efforts to develop staff, the report finds that almosta quarter of aerospace firms are still suffering from skills shortages. The study, Aerospace Manufacture Labour Market Observatory, calls for thenational workforce of 150,000 people to be constantly upskilled to keep the UKaerospace industry ahead of its competition. It has an annual turnover of £18.25bn and is the largest in Europe. It issecond only to the US in global strength. Dr Michael Sanderson, EMTA’s chief executive, appealed to UK firms to thinklong and hard about laying off experienced staff in the uncertain economicclimate because of difficulties they may face in recruiting, if and when demandimproves. Comments are closed. Related posts:No related photos. Aerospace has the best record on trainingOn 8 Oct 2002 in Personnel Todaylast_img read more

May 7

ADNOC awards £2.9bn contracts for wells and drilling materials

first_imgThe three companies will support ADNOC’s drilling activities over five years by supplying casing and tubing Image: ADNCO intends to deliver more profitable upstream business. Photo: courtesy of Abu Dhabi National Oil Company. The Abu Dhabi National Oil Company (ADNOC) has awarded contracts worth AED13.2bn (£2.9bn) for wells and drilling materials.The three contracts are expected to maximise the state-owned oil company’s value across its drilling value chain and support its strategy to boost upstream business.The contracts have been awarded to Consolidated Suppliers Establishment, representing Tenaris; Abu Dhabi Oilfield Services Company, representing Vallourec; and Habshan Trading Company, representing Marubeni-Itochu Steel.Three companies to supply 1 million metric tonnes of casing and tubingUnder the contracts, the three companies will be responsible for supplying a total of 1 million metric tonnes of casing and tubing in order to support ADNOC’s drilling activities over five years.ADNOC upstream executive director Abdulmunim Saif Al Kindy said: “The award of contracts with a combined scope that is one of the world’s largest for tubing and casing follows a highly competitive bid process.“It underscores ADNOC’s optimization efforts to drive commerciality across our growing portfolio. In addition, it is testament to our targeted approach to engage with value-add partners to unlock value as well as enhance the performance and returns on our assets and capital.“These agreements will provide ADNOC with increased flexibility to proactively respond to the demands of the evolving energy landscape as we ramp up our drilling activities and deliver our 2030 strategy.”The contracts represents the first in a series of ADNOC’s overall AED55bn (£12.3bn) drilling-related procurement expenditure plan in the next five years.Last year, ADNOC secured approval for an investment of AED486bn (£108.9bn) from the Abu Dhabi’s Supreme Petroleum Council (SPC) aimed at ramping up its production capacity.The investment will allow ADNOC to implement its new integrated gas strategy and boost its oil production capacity to 4 million barrels per day (mmbpd) by 2020-end and 5mmbpd by 2030.As part of the new gas strategy, the firm plans to develop the Hail, Ghasha and Dalma project to exploit Abu Dhabi’s Arab formation, which is estimated to contain multiple trillions of cubic feet of recoverable gas.The sour gas recovery project is projected to yield a production in excess of 1.5 billion cubic feet of gas per day.last_img read more