Yesterday, it was announced that F&C Asset Management, one of the oldest names in the City of London, was set to lose just under one-fifth of its assets under management – due to the defection of a single client.Friends Life, the UK’s largest insurance group, had placed £14.5bn (€17.3bn) worth of assets with F&C in equity, multi-asset and fixed income mandates. However, under what it referred to as a “governance review”, it is now thinking to shift £2.3bn of fixed income investments to its own investment arm. For F&C, the bigger sting in the tail is what Friends Life plans to do with its equity mandates.Schroders, one of the UK’s largest asset managers – and one that has been growing in recent years – picked up £12.2bn worth of Friends Life assets, at F&C’s expense, in a single swoop, with the FTSE 100 manager’s superior performance over the previous years cited as the reason.The story has become something of a Dickensian tale of two asset managers. Even a cursory search online makes plain the significant difficulties F&C has faced in recent years. F&C stands to lose 17% of its assets under management thanks to Friends Life’s decision, but the insurer already pulled a further £6.2bn from the manager in 2012. Combined with this, F&C’s overall assets have also suffered, down by 14% over 2013 to just £85bn by last December. Even back in 2011, the firm was stung by large outflows, losing £7.2bn in assets as investors began to withdraw funds, while a Portuguese pension scheme BCP terminated its mandate.Perhaps not surprisingly, all of this led to Bank of Montreal’s £700m bid for F&C earlier this year. The deal was expected to be completed in May, after an activist shareholder, who took control in early 2011, failed to turn the business around. While it is yet unknown exactly what impact this most recent outflow will have on the outcome of that deal, it is worth noting that Friends Life says the possible change in ownership had no bearing on its decision.For Schroders, things are definitely on the up. The manager recently broke into the FTSE 100 and has seen positive flows across several parts of its business. Well established among retail investors, its pension scheme institutional business also has some history on it side. What is most impressive is its insurance asset management arm – and, at just seven years old, the insurance business now has a £12.2bn single mandate to its name.It is safe to say the champagne glasses will be clinking at Schroders HQ. What they’re drinking at F&C, or Bank of Montreal, is anyone’s guess.
Image courtesy of CheniereMexico, South Korea and China are the biggest buyers of liquefied natural gas (LNG) produced from US shale gas, according to the data from the Department of Energy.These three countries took almost half of the total LNG volumes that have been produced at Cheniere’s Sabine liquefaction plant in the period from February 2016 to December last year, the data shows.For the year of 2017, US LNG exports surged to 13.1 million tonnes from 3.1 million tones in 2016 as Train 3 and 4 started producing the chilled fuel at Sabine Pass.There are currently four 0.6-Bcfd liquefaction trains operating at Sabine Pass, and a fifth is under construction and expected to enter service in mid-2019.Last year also saw Asia becoming the preferred destination of US LNG.Asia Oceania absorbed the largest share or 43% percent of US LNG volumes in 2017 while nearby markets of South America and Mexico still accounted for 31% of US LNG deliveries, the international association for natural gas, Cedigaz said in a report.Image courtesy of CedigazThe US transitioned to a net exporter of natural gas in 2017 boosted by LNG exports, according to the Energy Information Administration.US LNG exports will continue to rise this year as Dominion plans to launch its Cove Point facility in March bringing the total number of LNG export facilities to two.EIA previously said it estimates US LNG exports will average 3.0 Bcf/d in 2018, up from 1.9 Bcf/d in 2017.The agency projects LNG exports to average 4.8 Bcf/d in 2019 as more facilities come online. LNG World News Staff
Rystad claimed that the reason why the projects sanctioned between 2010 and 2014 were struggling to create value related primarily to the cost structure.The key driver for the 2015 paradigm shift related to cost levels for the offshore industry. The main reasons for the cost reductions are lower unit prices within the industry – like rig rates, redesign, and simplification of new projects, a weaker local currency for some key offshore regions like the UK, Norway, and Brazil, as well as efficiency gains.Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email. Also, if you’re interested in showcasing your company, product or technology on Offshore Energy Today, please contact us via our advertising form where you can also see our media kit. Rystad’s evaluation of offshore developments sanctioned since 2010 shows that international oil and gas E&P companies are struggling to make money from offshore investments made between 2010 and 2014 when oil prices were high.Illustration: Author: SP MacRystad said on Wednesday that the sanctioning activity was record-high during the strong investment cycle from 2010 to 2014 when energy companies reached final investment decisions on offshore oil fields collectively representing close to 40 billion boe of total resources.The Norwegian energy intelligence firm added that the amount of sanctioned volumes peaked at 13.2 million boe in 2011 at the height of $100-plus oil prices, before nose-diving to an all-time low of just 0.6 million boe sanctioned from offshore oil fields in 2016.It is worth noting that the trend of sanction volumes has ticked up over the last two years.During the evaluation, Rystad found that entire vintages of offshore field development projects would fail to offer a return on investment in today’s oil price environment.Offshore projects sanctioned between 2010 and 2012 have barely been able to generate any value for E&P companies, while projects sanctioned between 2013 and 2014 are expected to have no value creation.Namely, offshore projects sanctioned between 2010 and 2012 have barely been able to generate any value for E&P companies, while projects sanctioned between 2013 and 2014 are expected to have no value creation.As for upstream companies to come out those investment years without massive losses, the oil price will need to increase to around $70 per barrel. Rystad also claimed that the value creation was positive for sanctioning between 2015 and 2018, even when applying a future oil price of only $40 per barrel.Espen Erlingsen, head of upstream research at Rystad Energy, said: “Looking back at the offshore projects sanctioned between 2010 and 2014 with the knowledge we have today, we see that the last offshore investment cycle is struggling to create value.“From 2010 through 2014, around 3,000 new oil fields were sanctioned, and we estimate that around 800 of them did not create value.“With the pivot in development costs from 2015 onwards, the projects sanctioned over the last four years are in a much better position. This illustrates how companies that invested during the down cycle have been able to create value even in a lower oil price environment.”
On December 11, 2016, our dear husband and father, John Bedel, passed from this world into the loving hands of Our Heavenly Father. He was born in Franklin County on March 14, 1927. He attended school in Peppertown, Oldenburg, and Batesville, with his dad driving him to Oldenburg in a Model T Ford. He married the love of his life, Thelma Oesterling, on June 10th, 1950. They moved to Greensburg soon after that. John was a member of “The Song Birds”, a musical group that sang at nursing homes, Decatur County Community Artists, of which he was past president, Knights of Columbus, and St. Mary’s Catholic Church. He was a frequent blue ribbon winner at the county fair art contests.John was remembered for being strong, a hard worker, thrifty, ingenious, and a man with a kind attitude. He and Thelma were quite resilient and showed courage in the face of adversity throughout their lives together. He had been a veterinary assistant, house and sign painter, carpenter, farmer, and BCA employee. His unique talents were landscape painting, lettering, pin striping horse carriages, carpentry, and playing music. He was able to paint pictures even after macular degeneration started robbing him of his sight, winning a reserve Grand Champion at the 4-H Fair during this time. He yodeled and taught himself to play the guitar, harmonica, accordion, and keyboard. John loved nature and was inspired to paint nature and landscape works. He instilled a love of the outdoors and hiking in all of his children. John had an engineering mind, saved everything and could fix anything.John leaves behind his wife of 66 years Thelma, 2 sons: Victor (Jackie) Bedel, Fountaintown and Vernon (Mary) Bedel, Muncie. In addition, John has 3 daughters: Margie (Jack) Williams, Danville; Rose (Paul) Remmler, Wyoming, Michigan and Annette (Tom) Faust, Greensburg. His grandchildren are Cary Fuller, Erin Mayes, Matt Bedel, Paul Bedel Michelle Williams, Gabe Williams, Mark Remmler, Steven Remmler, Ryan Bottorff, Chris Bottorff, and Jamie Bottorff. He has 8 great grandchildren. John leaves behind his brother, Lou Bedel, Cincinnati and numerous nieces and nephews.John was preceded in death by his parents John and Anna (Geisting) Bedel, two brothers, five sisters, and Ben Bedel, a beloved grandson.The family wishes to thank his caregivers at Decatur County Memorial Hospital, Aspen Place, Morning Breeze, and the Columbus Regional Hospital Hospice Center, Thanks to everyone for your kindness, understanding and prayers.Family and friends will gather at 3:30 p.m. on Wednesday at the funeral home to pray the rosary. Visitation will follow the rosary until 8:00 p.m. at the Porter-Oliger-Pearson Funeral Home in Greensburg.Visitation will also be held from 9:00 a.m. until the time of the funeral mass at 10:00 a.m. on Thursday, December 15, 2016 at the St. Mary’s Catholic Church in Greensburg with Rev. John Meyer officiating.Interment will be held in the St. Mary’s Catholic Cemetery.Memorials may be made to the St. Mary’s Catholic Church Building Fund.Online condolences can be made to the family at www.popfuneralhome.com
“The level of performances that club has given and how the squad is looking at the moment in comparison to other teams around Europe. That’s the big question he will be thinking about. “Has he got the time to sit there and wait? Football comes and goes very quickly in your life so these next two years, where he is going to have power to influence games the way he does. “Is he going to want to do that not competing for the big titles? I don’t know.” Another former Man Utd star, Owen Hargreaves, added that Barca do not have the talent around Messi that they did during the club’s heyday under Pep Guardiola. read also:Messi ‘isolates’ himself from teammates after Barca defeat (Photo) “[Luis] Suarez and Messi are looking round thinking ‘I miss Iniesta, Xavi, I miss [Carles] Puyol’ because those guys aren’t there any more,” Hargreaves said. “Ansu Fati came on and he looked great, but he’s a 17-year-old kid. “The gap between Messi and who’s going to be next, you can’t [see them being successful].” FacebookTwitterWhatsAppEmail分享 Rio Ferdinand has said Barcelona superstar Lionel Messi may consider leaving the club following their 8-2 humiliation at the hands of Bayern Munich on Friday. The Blaugrana conceded four goals in either half as they were put to the sword by the rampant Bundesliga champions in the Champions League quarter-final. The result will likely see several changes made at Barcelona, with president Josep Maria Bartomeu hinting as much after the match. Head coach Quique Setien and director of football Eric Abidal are among those rumoured to be departing, while Bartomeu himself may not be safe with presidential elections set to take place next year. No departure would hurt Barca nearly as much as Messi, though, with the club still reliant on the 33-year-old superstar. Messi’s contract expires next year and he has yet to sign a renewal, leaving many to ponder the previously unthinkable scenario of the Argentine playing for another club. Ferdinand is among that group, with the former Man Utd defender wondering if Messi has the patience to stay at Camp Nou through a rebuild. “The question is what is Messi thinking? What is he thinking going home tonight?” Ferdinand said on BT Sport. Loading… Promoted ContentCouples Who Celebrated Their Union In A Unique, Unforgettable WayThe Best Cars Of All TimeThe Very Last Bitcoin Will Be Mined Around 2140. Read MoreWhat Is A Black Hole And Is It Dangerous For Us All?7 Black Hole Facts That Will Change Your View Of The UniverseBirds Enjoy Living In A Gallery Space Created For ThemBest & Worst Celebrity Endorsed Games Ever Made7 Universities In The World With The Highest Market Value11 Most Immersive Game To Play On Your Table TopWhich Country Is The Most Romantic In The World?8 Best Movies On Amazon Prime Video To Stream Right Now7 Worst Things To Do To Your Phone
Last season’s current top-scorer has been made to train alone by Rodgers until he apologises publicly and privately for his recent conduct, a move he is highly unlikely to make according to reports. Rodgers reiterated that he would not soften his stance on Suarez until the club could be guaranteed his undivided commitment, but did suggest the relationship was not beyond repair. “It is something that we have to do everything we can to fix,” Rodgers told the club’s official website. “If we have got to sit and wait, then so be it. But this is a club that has got great values, and we hope that the situation can be resolved amicably, and I am sure it will be. “There has been a lot said and a lot reported, and we have made a stance, as a club and as a manager, of the commitment and the standards required. “If you don’t have that commitment and those standards then you won’t play. It’s as simple as that. “There’s no problem between me and him, it is quite calm. But obviously I have got to respect the club and the team. “It doesn’t matter who you are, if they’re not pulling their weight then they are letting down the club, the city and everyone who has stood by them. Manager Brendan Rodgers still believes Liverpool’s impasse with Luis Suarez can be “resolved amicably” but has indicated the club will bide their time if necessary. Press Association Suarez has made it clear he wants to leave to play Champions League football – a move he insists Liverpool had agreed to allow if they did not qualify for the competition themselves. Arsenal is the current destination of choice after they lodged a bid of £40million plus £1 – a figure they think triggers a clause in the Uruguayan’s contract – but the Reds are standing firm over their position that the striker is not for sale. “So until I get that assurance that we are going to get nothing but 100 per cent commitment, then there will be no solution.” Former Liverpool defender Jamie Carragher, who retired in the summer after spending his entire career at Anfield, thinks the club’s owner John W Henry risks looking “stupid” if Suarez moves on. Henry has told Arsenal to give up on the move in no uncertain terms, a fact which Carragher feels bolsters Liverpool’s resolve on the matter. “I expect him to stay at Liverpool now,” Carragher told the Daily Telegraph. ”I think if you come out as owner and say that, and then something happens, you make yourself look stupid. I’m glad he has done it and I think everyone in football should be glad he has done it. It is maybe a message for players.” Carragher, 35, admitted that he had noticed a change in his former team-mate when he made a brief return to the training ground ahead of Steven Gerrard’s testimonial. He said: “I’ve only seen him once. God knows what he has been like all pre-season, but he hasn’t been his normal self.”
In order to win a trophy which has slowly become an award for college football’s best quarterback, Jonathan Taylor was always going to need to have a season that eclipsed the already stunning performances he’s put forth as a Badger.After a 2018 season in which Taylor led the NCAA in total rushing yards and finished top 10 in total rushing touchdowns, he received just 29 total points during the Heisman Trophy vote. That year’s Heisman winner, Kyler Murray, received nearly 2,200 votes including 517 first place votes.On top of Murray’s dominating performance, each of the Heisman finalists inside the top six in total votes were quarterbacks. With the Heisman committee clearly favoring quarterbacks in their selection process, it’s quite clear Taylor would have to build upon an already historic performance to have even a chance at securing the prestigious award.Football: Four takeaways from Wisconsin’s loss to The Ohio State UniversityThe No. 18 Wisconsin Badgers (6-2, 3-2 Big Ten) were no match for arguably the nation’s No. 1 overall team Read…With one of his worst rushing performances yet against The Ohio State University, those chances dwindled down nearly to zero.Obviously, very little of the blame can be placed onto Taylor for his lackluster total rushing yards. The Ohio State defensive lineman Chase Young, a rare defensive Heisman candidate in his own right, dominated the Badgers offensive line throughout the entire contest.Young recorded four sacks as well as six solo tackles on the day — both his highest of the season by quite a large margin. The Badgers’ offensive line was outclassed throughout the matchup as they allowed season-high totals of eight tackles for loss and five sacks.Football: Jonathan Taylor falters for first time this seasonMichigan State posed the first major challenge to Jonathan Taylor on the other side of the ball this season. Prior Read…But the fact remains, Taylor managed to rush for just 52 yards on the day. This total is his worst all season and the least amount of single game rushing yards since the Badgers’ loss to Northwestern back in 2018. Even worse is the fact that Taylor had 20 carries on the day. This combination of low yards and a large number of chances caused him to average just 2.6 yards per carry — the worst of his career.In the race for the Heisman, landmark games matter. The award isn’t just about padding your stats against teams that have no hope of stopping some of the most talented players in existence. It’s also about proving to the committee you can get it done when it counts the most — even if your supporting cast isn’t giving you the support you deserve.Football: Offensive line remains to be truly testedThe Wisconsin Badgers’ offensive line was put to the test going into the 2019 season. So far, they’ve gotten off Read…Taylor didn’t receive much help against the Buckeyes, but I doubt that means much in the eyes of Heisman Trophy voters. In such a competitive race for college football’s most coveted award, there is little room for error when competitors like Joe Burrow are putting up impressive stat lines against top-ranked teams week in and week out.There’s no doubt Taylor can certainly have another shot at the Buckeyes if the Badgers return to their early season form to close the year out. Even with a lights-out performance in a Big Ten championship that is certainly no guarantee in its own right, I find it hard to believe Jonathan Taylor will be on the short-list of legitimate Heisman contenders come December.
Marjory Stoneman Douglas High School student and survivor, Emma Gonzalez, has become a global face in the fight for stricter gun laws ever since her “BS” speech days after the killing of 17 of her colleagues and students. On Saturday, March 24th, in Washington, D.C., Emma was received like a rock star, but did you know that this young activist roots also run to the Caribbean? It sure does.Dad born in CubaThe 18-year-old’s dad, Jose, was born in the Caribbean island of Cuba and arrived in the US via New York in 1968. He is now an attorney for a cybersecurity company. Her mother works as a math tutor. Gonzalez, who has become the face of the “Never Again” movement, is the youngest of three children and has lived in Parkland, Fla., her entire life. She identifies as bisexual and is the president of the school’s Gay-Straight Alliance. Gonzalez is unwavering in her embrace of her identity. While Univision reported that she does not speak Spanish, she doesn’t shy away from her Cuban identity. “I’m 18 years old, Cuban, and bisexual,” she says in the lead paragraph of her recent essay published in Harper’s Bazaar.More Twitter followers than the NRAGonzález, who now has more followers on Twitter than the NRA at 1.3 million, on Saturday, again had a powerful moment at the national March for Our Lives rally in D.C. Saturday. She spoke for just under two minutes on Saturday before tens of thousands of demonstrators, reciting the names of classmates who had been killed, including Caribbean roots victim, Helena Ramsay and Venezuela-born Joaquin Oliver. Then she said nothing for four minutes and 26 seconds.Period of silenceShe stared straight ahead during her period of silence onstage, her sometimes watery eyes fixed in the distance. Then a timer went off. “Since the time that I came out here, it has been six minutes and 20 seconds,” she said. “The shooter has ceased shooting, and will soon abandon his rifle, blend in with the students as they escape, and walk free for an hour before arrest.”And like many Caribbean activists before her, including Jose Marti and Malcolm X, she finished with the push: “Fight for your lives, before it’s someone else’s job.(NewsAmericasNow.com)
The duo were among 25 players named by coach Elie Baup to begin training at Robert Louis-Dreyfus center.Andre and Jordan will be key in the plans of the French side who finished second in the Ligue 1 last season.Marseille have lined up pre-season friendly matches against Sion, Porto, Lens, Wolfsburg and Parma.Their last friendly match before the resumption of Ligue 1 will be against Italian side Sampdoria.
After months of delaysWhen Guyana Times visited the incomplete Kitty Market structure on Friday, persons were seen offloading materials from trucks. The City Hall officials present disclosed that construction is scheduled to resume during the next week.Construction materials being offloaded at the Kitty MarketConfirming that work has indeed been halted on the construction of the Kitty Market, City Hall representatives told this publication that materials have been bought and should be completely delivered in time to recommence the restoration within the new week.“The material and so done order, we just have to wait for everything to come in and by next week, construction will start again,” one City Hall representative voiced.Meanwhile, vendors who were relocated to facilitate the market’s construction complained that the extended period has hindered their daily income significantly. They added that they are still being forced to pay rent for their spots in the incomplete market structure as well as a daily “casual fee” for the spot they have been occupying temporarily.“They aint telling we nothing about wa going on. All we hearing is that they don’t have money. They run out of funds. We still gotta pay we rent for the market spot and the spot out here. I pay $10,000 a month fuh me spot in the market, and pon a daily basis them does collect $200 to $300 during the week and $400 and $600 pon a weekends from we for this lil space we using fuh sell,” one vendor pointed out.The rehabilitation of the Kitty Market began earlier this year, and the deadline at that time was announced to be before Guyana’s 50th Jubilee Anniversary on May 26. However, construction was halted and the structure was left incomplete for some time, under the refuted claims that the Mayor and City Council had become cash strapped and unable to pay contractors to complete the restoration.During the latter part of the previous month, Guyana Times was informed by the City’s Engineer, Colvern Venture that the construction on the Kitty Market had already resumed but was delayed because of the rainy weather.“The work is ongoing right now. It was stopped a little because of the rain and it was delayed because of the weather, but work is pressing on,” he had voiced.