Posts Tagged ‘Canada

03
Aug
10

BP Agrees to Sell Colombian Business to Ecopetrol and Talisman

NEWS
BP Agrees to Sell Colombian Business to Ecopetrol and Talisman

Tuesday, August 03, 2010

British oil giant BP says it will sell its Colombian business for a total of $1.9 billion.

The divestment is part of BP’s recently announced plans to sell off up to $30 billion of assets, as it struggles with the soaring cost of the Gulf of Mexico oil spill disaster.

‘BP today announced that it has agreed to sell its oil and gas exploration, production and transportation business in Colombia to a consortium of Ecopetrol, Colombia’s national oil company (51 percent), and Talisman of Canada (49 percent),’ it said in a statement.
‘The two companies will pay BP a total of 1.9 billion dollars in cash… for 100 percent of the shares in BP Exploration Company (Colombia) Limited (BPXC), the wholly-owned BP subsidiary company that holds BP’s oil and gas exploration, production and transportation interests in Colombia.’

The transaction, which is subject to regulatory and other approvals, is expected to complete by the end of 2010.

News of the sell-off comes one week after BP’s vilified chief executive Tony Hayward resigned in the wake of a record second-quarter loss of $16.9 billion – the biggest quarterly loss in British corporate history.

Hayward will step down in October and hand over the reigns to American executive Bob Dudley.
• Latest News & Headlines » Home «
• Source(s): BP PLC
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30
Jun
10

Hurricane Alex threatens Mexico, Texas coasts

NEWS
Hurricane Alex threatens Mexico, Texas coasts

Wednesday, June 30, 2010

Earth

••• U.S. President Barack Obama has declared a state of emergency in Texas as Alex strengthened into a hurricane, disrupting oil cleanup in the Gulf of Mexico.

Obama’s move allows the Federal Emergency Management Agency (FEMA) to co-ordinate all disaster relief efforts, a White House statement says.

It came as Alex forced the suspension of oil skimming operations from the disastrous BP spill as visiting Vice President Joe Biden heard complaints about the pace of cleanup efforts in the disaster zone.

Ten weeks after the BP-leased Deepwater Horizon platform exploded, setting off the worst environmental disaster in U.S. history, Biden was given an earful from Louisiana Governor Bobby Jindal about the slow response.

Some 413 miles of once-pristine shorelines have been oiled, as well as countless birds and other wildlife, since the rig sank on April 22.

Since then crude has gushed at an alarming rate into the Gulf of Mexico, leaving the region’s vital fishing and tourism industries in tatters.
Meanwhile, the State Department announced that the United States will accept offers from 12 foreign countries to help clean up and contain the spill.

Offers of booms have been accepted from Canada, Japan, Mexico and Norway; skimmers have been accepted from France, Japan, Mexico and Norway; and a sweeping arm system has been accepted from the Netherlands, a spokeswoman told AFP.

On his trip to the region, Biden was greeted by protesters holding signs reading ‘oil kills’ as he entered a command centre in New Orleans for an hour-long briefing before meeting with local fishermen.

He also travelled to the Florida panhandle, where the slick has forced authorities to close down some of the area’s fabled white sand beaches.

Jindal, a Republican who has been highly critical of the federal response, asked Biden for help cutting through red tape and deploying more resources to keep the oil from coating fragile coastal wetlands and fishing grounds.

‘The federal government needs to increase their sense of urgency,’ Jindal said in a statement after meeting with Biden.

‘They need to treat this spill like a war and get in it to win it. We’re here to defend our way of life.’

At the leak site 50 miles offshore, winds of up to 22 knots churned up large waves that made it too rough for crews to deploy a third vessel set to nearly double the capacity of BP’s containment system.

The now-delayed Helix Producer was set to increase the capacity to gather the gushing oil to between 40,000 and 50,000 barrels per day by early July, from the current 25,000 barrels.
The current containment system is capturing nearly 25,000 of the estimated 30,000 to 60,000 barrels of crude spewing out of the ruptured well every day.

That could all end up gushing directly into the sea if Alex – which is forecast to pass hundreds of kilometres from the site and strike land near the Texas-Mexico border late on Wednesday – changes path and threatens a more direct hit on the slick.

Forecasters are not predicting such a dramatic shift. But U.S. Coast Guard Admiral Thad Allen, who is overseeing the spill response, said that even the threat of gale force winds – upward of 45 mph – would be enough to force drilling and containment ships to withdraw.

Alex’s winds late on Tuesday had reached 75 mph, with higher gusts, and the storm was expected to strengthen before making landfall on Wednesday night, the National Hurricane Centre said.

Hurricane force winds extend outward only about 30km from the centre but tropical storm force winds extend up to 174 miles, according to the NHC.

In the event of an evacuation, operations will be shut down for about two weeks to ‘take down the equipment, move it off to a safe place, bring it back and re-establish drilling’, Allen said.

That would be another major setback for the ill-fated oil collection effort, and would probably delay until September the completion of relief wells designed to permanently plug the well.

An estimated 1.6 million to 3.6 million barrels of oil have already poured into the Gulf from the ruptured wellhead some 1 mile below the surface.

BP hopes a new mooring system will make the containment cap deep down on the sea floor easier to disconnect and reconnect in the case of bad weather – a vital contingency as hurricane season gets into full swing.

The rough seas have already shifted parts of the slick closer to sensitive areas in Florida and Louisiana and could also push the oil deeper into fragile coastal wetlands.

Waves at the site of the sunken BP-leased Deepwater Horizon rig were up to two metres, a Coast Guard spokesman told AFP.
• Latest News & Headlines » Home «
• Source(s): NOAA / National Weather Service (NWS)
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25
Jun
10

Toyota recalls Lexus HS250h hybrid for fuel spills

NEWS
Toyota recalls Lexus HS250h hybrid for fuel spills

Friday, June 25, 2010

••• Toyota said on Friday it will recall 17,000 Lexus luxury hybrids after testing showed that fuel can spill during a rear end crash.

The Japanese automaker said tests conducted for the National Traffic Highway Safety Administration found that fuel leaked during a rear impact crash at 50 miles per hour on a 2010 HS250h sedan. The test, conducted by a NHTSA contractor, showed that fuel spilled as the vehicle spun around after impact. (NHTSA CAMPAIGN ID Number: 10V285000)

Toyota’s own testing has not shown any spillage, but a spokesman said the company plans to issue a voluntary recall as it continues to try to replicate the government’s results. It is notifying dealers to stop selling the car.

Toyota, the world’s largest automaker, has attempted to rebound from a series of recalls tied to reports of unintended acceleration and other defects. The U.S. administration penalized Toyota with a record $16.4 million fine for acting too slowly on the recalls.

Dealers have repaired millions of vehicles, but the auto giant faces more than 200 lawsuits connected to accidents and the lower resale value of vehicles.

Earlier this week, Toyota Motor Corp president Akio Toyoda, the grandson of the automaker’s founder, apologized to shareholders for the trouble caused by the recalls. He said the company was doing its best to improve quality control.

Toyota said it has not identified a fix for the reported problems of fuel spillage.

Detailed information about this recall is available through Lexus Customer Satisfaction at 1-800-25 LEXUS or 1-800-255-3987 or at www.lexus.com/recall.
• Latest News & Headlines » Home «
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08
Jun
10

Lady Gaga ‘Alejandro’ Music Video Premiere

NEWS
Lady Gaga ‘Alejandro’ Music Video Premiere

Tuesday, June 8, 2010



Lady Gaga – “Alejandro”
Album: The Fame Mons†er
Label: Interscope, Streamline, Cherrytree, KonLive
Director: Steven Klein

Music Video ‘Alejandro’ is the 3rd single from Lady GaGa’s 2nd studio album: ‘The Fame Mons†er’. It was written by Lady GaGa and RedOne (Nadir Khayat). Every song in the album represents a ‘fear’ of some ‘mons†er’. This song, in the words of GaGa represents ‘The fear of men mons†er’.

Lady Gaga’s latest video, for her single ‘Alejandro,’ is posted on the singer’s website.

The ‘Alejandro’ video is directed by American fashion photographer Steven Klein (Stephan Lee Klein), known especially for his work with Madonna.

‘Alejandro,’ the Latin love affair-themed third single from Lady Gaga’s The Fame Mons†er, went to U.S. radio on April 20 and was released internationally as a digital download in May. It has since made the top ten on charts in the U.S., Canada, Australia, and several European countries.
LadyGaga.com, VEVO & YouTube
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05
Jun
10

Eminem’s ‘Not Afraid’ Video Debuts

NEWS
Eminem’s ‘Not Afraid’ Video Debuts

Saturday, June 5, 2010



Eminem – Not Afraid
Album: Recovery
Label: Interscope, Aftermath, Shady
Director: Rich Lee

Rapper Eminem is back. To overseas his new album “Recovery” Eminem and Marshall Bruce Mathers III has been working hard. This album will be debuts on June 22. First video from Eminem’s Recovery, ‘Not Afraid’ is debuts on VEVO.

On VEVO.com music video of “Not Afraid” can be viewed. “Not Afraid” entered the Billboard Hot 100 chart and placed number 1. In this music video Lil Wayne, Pink and Rihanna features guest appearances.

Rich Lee directed “Not Afraid.”
Eminem.com, & YouTube
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01
Jun
10

Apple shifts two million iPads in less than two months

NEWS
Apple shifts two million iPads in less than two months

Tuesday, June 1, 2010

Sales of the Apple iPad have passed two million since its launch almost two months ago.

The Cupertino, California, company began selling the iPad last Friday in Asia, Australia and Europe. The iPad was released in the United States on April 3.

The company does not publicly break out sales figures by region, according to Natalie Harrison, an Apple spokeswoman.

The company previously had said it sold one million iPads in the United States just 28 days after its launch. As a result of the strong demand at home, Apple had pushed back the start date of its international sales.
The iPad can be used to send emails, draw pictures and play games. It can also be used as an electronic reader. The basic model costs $499 in the United States, not including extras.

This past weekend, Apple began selling iPads in Australia, Canada, France, Germany, Italy, Japan, Spain, Switzerland and the United Kingdom.
Prices for the cheapest, WiFi-only version range from $499 in the United States to the equivalent of $620 in Britain for the entry-level 16 GB model. Canada ($520), Japan ($536) and Australia ($533) rounded out the price basement countries.

At the top end, an iPad 64 GB model with WiFi and 3G connectivity cost $829 in the United States against $1,010 in Britain and $980 in Germany, France and Italy.

The company said the device will be available in nine more countries in July and additional countries later this year.
• Source(s): Apple Inc.
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29
May
10

Apple’s iPad makes global debut

NEWS
Apple’s iPad makes global debut

Saturday, May 29, 2010

Thousands of die-hard Apple fans mobbed shops worldwide on Friday as the iPad, called a revolution in personal computing by some and limited and overhyped by others, began its global launch.

Long queues of customers snaked outside Apple shops in Australia and Japan hours before the opening and similar huddled masses turned out at stores in six European countries, including Britain and France.

The iPad – a flat, 9.7 inches black tablet – also went on sale in Canada as part of a global rollout that was pushed back by a month due to huge demand in the United States.

One million iPads were sold in 28 days in the United States after the product’s debut in early April despite mixed reviews from consumers.

The product is the latest from Apple, which dethroned software giant Microsoft this week as the largest U.S. technology company in terms of market value, to create a frenzy.

At Apple’s flagship store in Paris, set in the prestigious mall beneath the Louvre museum, 24-year-old engineer Audrey Sobgou beamed as she walked away with one of the prized tablets.

Sobgou travelled 127 miles from her hometown in Lille, northern France, and waited nearly two hours before stepping inside the busy Apple store.

‘I’m not a victim of hype,’ she insisted. ‘I know Apple products and it’s about the quality, the interface, how it’s designed and what it can do. With elegance and style.’

Hundreds of people queued outside the Paris Apple store hours before it opened.

In Britain, a few dozen enthusiasts waited outside the Apple store in central London at 3am to get their hands on the iPad when it opened five hours later.

Staff escorted the first group of customers one by one up to buy their iPad after they opened the doors, whooping, chanting and cheering.

‘I queued overnight for about 20 hours since midday yesterday but it was very, very worth it,’ Jake Lee, a 17-year-old student from Essex, told AFP, clutching his treasured iPad.

The iPad also went on sale in Germany, Italy, Spain and Switzerland and will be followed in July by a launch in Austria, Belgium, Ireland, Luxembourg and the Netherlands.

Alejandro Barras, manager of the Apple store in downtown Madrid, said his iPad stock sold out one hour after opening.

Apple aficionados in Zurich camped out overnight in front of the store to buy the tablet and download some of the 5000 available apps – the media applications that run on the device.

In Montreal, an 82-year-old man with a long white beard and a beret stood in line with about 100 people, some of whom arrived at the Apple store at 6am.

‘I’m not a fan of gadgets,’ Jean-Maurice Demers told AFP. ‘But I’m involved in several political committees and community groups and I’m tired of dragging around several kilograms of files.’

Prices in Japan and Australia for the basic 16GB iPad are comparable to US prices, although a significant markup by Apple in Britain and continental Europe has triggered grumbling.

In France, wi-fi models sell for between 499 and 699 euros ($613 and $860), with the 3G models going for between 599 and 799 euros ($736 and $982) .

The multi-functional device is tipped by some pundits to revitalise media and publishing, with many major newspapers and broadcasters launching applications.

As well as the five other European countries, Apple plans to bring the iPad to Hong Kong, Mexico, New Zealand and Singapore in July.

Apple has declined to reveal the number of pre-orders received for the iPad internationally, but Capital Markets analyst Mike Abramsky put it at around 600,000.

The iPad has officially gone on sale in Australia, with hundreds of tech lovers snapping up the touchscreen tablet device within minutes of it being released in Sydney.

Over 200 Apple fans braved the chilly Sydney weather overnight to be the first to get their hands on the new technology when the George Street store opened its doors at 08:00 am (AEST) on Friday.

Rahul Koduri, who had been in the line since 02:00 am (AEST) on Thursday, succeeded in his dream of being the first in Australia to purchase the iPad.

The 22-year-old Blacktown resident, who snapped up two iPads, was delighted.

‘It’s fantastic, it was so worth the wait,’ he said, holding up his two shiny iPad boxes.

‘One of these is for me, of course, and the other is for a family member.’

• Source(s): Apple Inc. and Independent Television News (ITN)
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