Chevron set to exit Kitimat LNG project

first_imgImage courtesy of ChevronU.S. energy major Chevron has revealed plans to try and sell its 50 percent stake in the Kitimat LNG project on the coast of British Columbia, Canada.Chevron announced the potential sale in its 2020 budget, stating that it would also cut funding to gas-related ventures including Kitimat LNG and its shale gas fields in the northeastern United States.It also announced a charge of at least $10 billion against its assets because of expected lower long-term prices for oil and gas.Chevron is not the first company to want out of Kitimat LNG — it bought its 50 percent stake from Calgary-based Encana Corp. and Houston-based EOG Resources in December 2012.In the same transaction, Apache raised its stake in Kitimat LNG from 40 to 50 percent, but two years later sold that stake to Australia’s Woodside Petroleum, which is Chevron’s current partner.It is worth noting that Petronas also canceled its Pacific NorthWest LNG project in 2017 and later joined the Shell-led $40-billion LNG Canada project, which is the only project under construction after being approved in 2018.To remind, the Canada Energy Regulator approved a 40-year license to export natural gas for Kitimat LNG earlier this month, doubling its previous license duration and nearly doubling the potential output of the facility to 18 million tonnes of liquefied natural gas per year.Chevron added that its decisions were part of its global portfolio optimization effort focused on improving returns and driving value.“Although Kitimat LNG is a globally competitive LNG project, the strength of Chevron’s global portfolio of investment opportunities is such that the Kitimat LNG project will not be funded by Chevron and may be of higher value to another company,” Chevron stated.“Chevron intends to commence soliciting expressions of interest for its interests in the Kitimat LNG Project. No timeline has been set to conclude this process.”The Kitimat LNG project includes upstream natural gas lands in the Liard and Horn River Basins in northeastern British Columbia, the 471-kilometre Pacific Trail Pipeline, and the gas liquefaction facility at Bish Cove near Kitimat.last_img read more

Water work

first_imgWhile most sports fans comfortably watched the 2012 Olympic Games unfold from their couches at home, USC senior swimmer Haley Anderson was in the water for nearly two hours — one hour, 57 minutes and 38.6 seconds, to be exact. Most of the attention for Olympic swimming centers on what happens in the pool, but Anderson was attempting to give the United States glory in the open-water 10K Marathon at Hyde Park in London.When she reached the finish line, she was 0.4 seconds shy from taking gold.“Everybody afterwards was like, ‘Oh my God, you got second, you were 0.4 off,” Anderson said. “But I got a medal at the Olympics. I didn’t care that it was silver.”It was more than just silver, however — it was the first time that an American had ever medaled in the event.“There’s no disappointment,” said USC men’s and women’s swimming coach Dave Salo. “She demonstrated that she’s one of the best in the world. Here she was going to her first Olympic games, and she comes back with a medal.”Along with her open-water prowess, Anderson, 20, has also been successful in the pool, taking the NCAA and Pac-12 titles in the 500-yard freestyle and her third-straight Pac-12 title in the 1,650-yard freestyle last year.Anderson currently holds USC records in the 500-yard, 1,000-yard and 1,650-yard freestyles, as well as in the 800-yard freestyle relay.“We’ve learned in the last three years that she has been here that she’s tough as nails when she trains,” Salo said. “I felt really confident that she would be tough enough to compete against anybody.”Many perceived Anderson as an underdog before the marathon because her documented success was in the pool rather than in open water, but it was a label that she graciously accepted.“Nobody knew how I raced. I never raced some of these top girls, so they didn’t know me and know my strategy,” Anderson said.During the race in London, which spanned 10 kilometers and looped the lake known as “The Serpentine” six times, Anderson had a different plan of attack.“Normally I’ll start out in the back and work my way up. I knew this time I had to be in the front at the beginning,” Anderson said. “I knew that would give me a good position for the finish.”In the final 1,000 meters of the race, Anderson surged from fourth to second place to finish 3.2 seconds faster than Italy’s Martina Grimaldi and 0.4 seconds short of Hungary’s Eva Risztov.No one would dispute the insanity of swimming 10 kilometers — two of the 25 swimmers were pulled out of the water during the race and needed medical treatment. But nonetheless, the physical nature of the marathon often goes unnoticed.“It’s kind of a brutal sport. There’s stuff going on that you don’t necessarily see,” Salo said. “It’s not like pool swimming where you got your own lane. There’s a lot of crowding and a lot of grabbing.”In preparation for the Olympics, Anderson maintained her training focus in the pool and occasionally spent 30 to 40 minutes swimming in the ocean on Sundays.“She beat a lot of swimmers who have been open-water training, and it’s been their whole deal and their big passion,” Salo said. “We didn’t do anything different, so it was exciting from that standpoint.”It is hard to top a historic Olympic medal, but Anderson claims she’s not done quite yet.“Finishing out my last year of eligibility, hopefully defending my title and getting another in the mile — that’s definitely my goal for this year,” Anderson said. “And Rio 2016 is definitely a possibility.”last_img read more

Syracuse’s big 3 goes silent in 60-44 loss at No. 5 Duke

first_img Published on February 24, 2018 at 11:13 pm Contact Matthew: [email protected] | @MatthewGut21 DURHAM, N.C. — Jim Boeheim joked that his good friend, Duke head coach Mike Krzyzewski, should not have been permitted to run the patented 2-3 zone defense that Boeheim himself so famously deploys.“I don’t think that Coach K should even be allowed to play zone,” Boeheim said with a smile. “I’m surprised he can even do that.”But Duke’s zone was no joke.The No. 5 Blue Devils (24-5, 12-4 Atlantic Coast) harassed an inconsistent Syracuse offense on Saturday afternoon, holding SU (18-11, 7-9) to just 44 points in a 60-44 Duke win at Cameron Indoor Stadium. Particularly, the zone forced the Orange to settle for outside shots, which were many times forced at the end of the shot clock. Many of them did not fall. The Blue Devils staved off the very heartbeat of Syracuse: the trio of Tyus Battle, Frank Howard and Oshae Brissett finished with more turnovers (11) than shots made from the field (10). They combined for just 29 points after a first half in which they had totaled four points.Syracuse’s defense allowed the Orange to hang tight through 30 minutes of play, which gave SU’s big three a chance to make the game close in the final minutes. But the offense’s engine never gained traction and SU’s leading trio was neutralized.AdvertisementThis is placeholder textAs a result, what was already known became clearer: No matter how strong its defense is, Syracuse needs production from its three-leading scorers to win.Marvin Bagley III, the star Duke freshman who likely will be a top-five pick in this year’s NBA Draft, scored a game-high 19 points. He said Duke forced SU to shoot contested jumpers and 3s because of an active, alert and communicative zone. It was packed airtight inside, meaning dribble drives came at a premium. The Orange expected the zone, players said, but Duke “just played really high,” Battle said. “They made it tough for us to get good 3-point looks.”Syracuse struggled to create off the dribble and get inside. The Orange shot 6-for-25 from deep and just 31.5 percent overall. The middle was packed. SU tried working the high post but that failed. On several occasions, Howard was frustrated to see Marek Dolezaj or Brissett not flash to the high post. The Orange tried setting outside screens, too, but Duke applied perimeter pressure to those.That Syracuse could find little offense out of the high post and off the dribble made SU settle for passes around the perimeter, which led to outside shots. Howard said he was comfortable with every 3-pointer he took, even though he was just 2-for-10 from deep. He had been 0-for-7 until he hit two in a row at the end of the game. Duke elevated its forwards, Howard said, to further disrupt SU’s shots outside.“We’re definitely more of a perimeter-oriented team, and they understood that,” Howard said. “They did a great job of adjusting. Against other teams, we might want to pack it in a little more or kind of force guys into some looks on the outside or not let them get in the middle. We allowed them to get in the middle for whatever reason, but then they wanted to take us out the game.”The solutions are clear to both Boeheim and his players. First, the shots need to fall with more regularity. Second, the Orange could benefit from production out of the high post. And third, passes need to be crisper, players said. After one of several SU passes was stolen, assistant coach Allen Griffin perked up. “Bounce that,” he said, as the Orange committed 17 turnovers, 13 of them steals by Duke.Two games remain on Syracuse’s regular-season schedule, and the ACC Tournament looms in 10 days. Boston College, which SU scored 81 points against last month, hosts the Orange on Wednesday night. In the teams’ last contest, Syracuse shot 29-for-48 from the field and 7-for-16 from deep, an effort SU will try to replicate its next time out.Because if its big three fails to kick-start the offense, SU’s NCAA Tournament hopes could slide.“They really did a good job with Ty(us) and staying close to him,” Boeheim said. “We got the… We don’t convert in there very well. Oshae has to score for us in that area, and he couldn’t get anything going today. They did a good job staying with Tyus like we did with Grayson (Allen). They didn’t make any 3s until the last one and we did a pretty good job on the 3-point line.“You’re not going to win the game if you don’t score.” Comments Facebook Twitter Google+last_img read more

Calls for changes to sort fixture log jam

first_imgPlayers currently are playing in multiple competitions in schools or colleges along with minor and under 21 club competitions after an already packed season to date.Due to a huge volume of games at all levels the Minor and Under 21 competitions have to wait until the winter months to take centre stage. Tipp County Vice Chair John Devane feels the current situation isn’t ideallast_img