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The Interconnector Pipeline a Key Link in Europe's Gas Network
The Interconnector Pipeline A Key Link in Europe’s Gas Network Mark Futyan Oxford Institute of Energy Studies March 2006 Mark Futyan is a postgraduate student at Columbia Business School in New York. He previously worked for Interconnector (UK) Limited between 2001 and 2005. During this period, he was involved in a variety of engineering and commercial projects. For information or questions on this research, please contact: [email protected]. Copyright © 2006 Mark Futyan The contents of and views expressed in this paper are the author’s sole responsibility. They do not necessarily represent the Oxford Institute for Energy Studies or any of its members, nor do they represent the views of Interconnector (UK) Limited. ISBN 1-901795-44-6 ii Preface The Interconnector pipeline has rarely been out of the news since it was first proposed in the early 1990s. It is probably not too much of an exaggeration to say that it has transformed short term trading in north west Europe, causing companies to enter into commercial behaviour that they had not previously considered possible or, in some cases, desirable. Equally interesting were predictions (before it was built) that the project was likely to be a waste of time, followed by periodic claims that: gas was flowing in the wrong direction; that larger or smaller volumes of gas should be flowing; and that shippers on one side or the other were responding inappropriately to price signals. For a gas research programme this made the Interconnector a particularly suitable research project which fits perfectly into our work on European gas issues. -
Monthly Fact Sheet – March 2018
Monthly Fact Sheet – March 2018 Key Facts Summary Investment Objective The objective of the fund is to achieve a total return (of growth and Launch Date 29.08.17 income, after fees) greater than the Numis Smaller Companies Index (including AIM but excluding Investment Companies). Fund Size £28.5m Accumulation Income Fund Attributes Price at 29.03.18 (12 noon) 110.0711p 109.2796p ❖ A value investment style ❖ Small unit size of investment confers a significant advantage in Sedol BF6X212 BF6X223 an illiquid asset class ISIN GB00BF6X2124 GB00BF6X2231 ❖ Broad and diverse investment universe ❖ Invest in less than 1 in 14 companies of the available universe Annual Management Fee 0.75% Ongoing Charges 1.00% ❖ Active Share 93% ❖ Bottom up driven with an asset allocation overview Minimum Investment £1,000 Month End Price History - Fund Accumulation Shares (p) Dilution Levy: Purchases: 1.41% (effective 1 April 2018) Redemptions: 1.11% 29.8.17 Sept Oct Nov Dec Jan Feb Mar (Launch) 17 17 17 17 18 18 18 Dilution levy is updated monthly. For more information visit www.teviotpartners.com 100.0 103.8 105.3 107.8 113.5 116.5 114.0 110.1 Monthly Manager Commentary March witnessed another weak month for Markets, with the benchmark Numis Smaller Companies Index (including AIM and excluding ICs) falling 1.3%, to leave the index down 6.1% since the start of 2018, and marginally negative since the Fund launch. Interest rates in the US were raised as expected and the Market debated their future trajectory. Fears over an escalating trade war moved to centre stage as the Trump administration began to implement its election pledge. -
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esb inside 28/05/02 2:04 PM Page 1 esb inside 28/05/02 2:04 PM Page 2 CERTAINTY TRANSPARENCY LIQUIDITY REWARD NCB Corporate Finance 3 George’s Dock, IFSC, Dublin 1 Tel: +353-1-6115611 Contact: Andrew Ennis Commission for Energy Regulation Plaza House. Belgard Road, Tallaght, Dublin 24 Tel: +353-1-4000800 Contact: Eugene Coughlan NCB Corporate Finance, Authorised by the Central Bank of Ireland under the Investment Intermediaries Act, 1995. A member of the Royal Bank of Scotland Group esb inside 28/05/02 2:04 PM Page 3 esb inside 28/05/02 2:04 PM Page 4 Executive Summary esb inside 28/05/02 2:04 PM Page 5 Investing in the Irish Electricity Market NCB Corporate Finance was engaged by the Commission for Energy Regulation to carry out a review of the issues facing those considering investing in the Irish electricity market. Key Findings The relatively small size of Investing in the Irish Electricity Market, ESB dominance and uncertainty over future trading arrangements serve to reduce the attractiveness of the Irish market from both an investor’s and fi n a n c i e r ’ s point of view. Despite these issues, a number of parties remain interested in developing electricity generation and supply businesses in Ireland. The key difficulty facing those considering investing is the absence of a party to offer long-term offtake contracts to generators, which would enable the generators to obtain non recourse financing. It is likely that, in order to facilitate investment by a new generator, the current bilateral contracts based trading arrangements will have to be modified, in conjunction with the opportunity for IPPs to sell to ESB PES post 20 0 5 . -
Louisiana Connection United Kingdom
LOUISIANA CONNECTION UNITED KINGDOM RECENT NEWS In January 2015, Louisiana Gov. Bobby Jindal visited the United Kingdom as part of an economic development effort. While there, he also addressed the Henry Jackson Society regarding foreign policy. FOREIGN DIRECT INVESTMENT The United Kingdom is the most frequent investor in Louisiana, with 31 projects since 2003 accounting for over $1.4 billion in capital expenditure and over 2,200 jobs. UK has invested many business service projects in Louisiana. Hayward Baker, a geotechnical contractor and a subsidiary of the UK-based Keller Group, has opened a new office in New Orleans to support customers and projects along the Gulf Coast. Atkins, a design an engineering consultancy, has opened a new office in Baton Rouge, the office aims to increase the firm’s support capabilities for projects throughout Louisiana. CONTACT INFORMATION Tymor Marine, an energy consultancy company, has opened a SANCHIA KIRKPATRICK new office in Kaplan, Louisiana, The opening will serve customers Chief Representative, United Kingdom operating in the Gulf of Mexico. [email protected] T +44.0.7793222939 In June 2013, Hunting Energy Services completed a $19.6 million investment in its new Louisiana facility. JAMES J. COLEMAN, JR., OBE Great Britain Louisiana companies have also established a presence in the UK. www.gov.uk/government/work/usa Including 15 direct investments in the U.K. since 2003 that have T 504.524.4180 resulted in capital expenditures totaling $253 million and the JUDGE JAMES F. MCKAY III creation of 422 jobs. Honorary Consul, Ireland [email protected] T 504.412.6050 TRADE EXPORTS IMPORTS The U.K. -
Parker Review
Ethnic Diversity Enriching Business Leadership An update report from The Parker Review Sir John Parker The Parker Review Committee 5 February 2020 Principal Sponsor Members of the Steering Committee Chair: Sir John Parker GBE, FREng Co-Chair: David Tyler Contents Members: Dr Doyin Atewologun Sanjay Bhandari Helen Mahy CBE Foreword by Sir John Parker 2 Sir Kenneth Olisa OBE Foreword by the Secretary of State 6 Trevor Phillips OBE Message from EY 8 Tom Shropshire Vision and Mission Statement 10 Yvonne Thompson CBE Professor Susan Vinnicombe CBE Current Profile of FTSE 350 Boards 14 Matthew Percival FRC/Cranfield Research on Ethnic Diversity Reporting 36 Arun Batra OBE Parker Review Recommendations 58 Bilal Raja Kirstie Wright Company Success Stories 62 Closing Word from Sir Jon Thompson 65 Observers Biographies 66 Sanu de Lima, Itiola Durojaiye, Katie Leinweber Appendix — The Directors’ Resource Toolkit 72 Department for Business, Energy & Industrial Strategy Thanks to our contributors during the year and to this report Oliver Cover Alex Diggins Neil Golborne Orla Pettigrew Sonam Patel Zaheer Ahmad MBE Rachel Sadka Simon Feeke Key advisors and contributors to this report: Simon Manterfield Dr Manjari Prashar Dr Fatima Tresh Latika Shah ® At the heart of our success lies the performance 2. Recognising the changes and growing talent of our many great companies, many of them listed pool of ethnically diverse candidates in our in the FTSE 100 and FTSE 250. There is no doubt home and overseas markets which will influence that one reason we have been able to punch recruitment patterns for years to come above our weight as a medium-sized country is the talent and inventiveness of our business leaders Whilst we have made great strides in bringing and our skilled people. -
Africa's Leading Independent Oil Company
TULLOW OIL PLC PLC OIL TULLOW 2017 ANNUAL REPORT & ACCOUNTS & REPORT ANNUAL 2017 TULLOW OIL PLC 2017 ANNUAL REPORT & ACCOUNTS AFRICA’S LEADING INDEPENDENT OIL COMPANY www.tullowoil.com D AFRICA’S LEADING INDEPENDENT OIL COMPANY Tullow Oil is a leading independent oil and gas exploration and production company. Our focus is on finding and monetising oil in Africa and South America. Our key activities include targeted Exploration and Appraisal, selective development projects and growing our high-margin production. We have a prudent financial strategy with diverse sources of funding. Our portfolio of 90 licences spans 16 countries and is organised into three Business Delivery Teams. We are headquartered in London and our shares are listed on the London, Irish and Ghana Stock Exchanges. 1 2 3 STRATEGIC REPORT CORPORATE GOVERNANCE FINANCIAL STATEMENTS Our Group highlights 1 Directors’ report 56 Statement of Directors’ responsibilities 108 Our operations 4 Audit Committee report 67 Independent auditor’s report for the Chairman’s foreword 6 Nominations Committee report 73 Group Financial Statements 109 Chief Executive Officer’s foreword 8 EHS Committee report 76 Group Financial Statements 117 Chief Financial Officer’s foreword 10 Remuneration report 78 Company Financial Statements 153 Executive Team overview 12 Other statutory information 101 Five-year financial summary 162 Market outlook 14 Supplementary information Our strategy 16 Shareholder information 163 Our business model 18 Licence interests 164 Key performance indicators 20 Commercial reserves and resources 168 Creating value 24 Transparency disclosure 169 Operations review 26 Sustainability data 176 Finance review 31 Tullow Oil plc subsidiaries 179 Responsible Operations 36 Glossary 181 Governance & Risk management 38 Board of Directors 40 Principal Risks 42 Organisation & Culture 50 Shared Prosperity 52 You can find this report and additional information about Tullow Oil on our website: www.tullowoil.com Cover: TEN FPSO, Prof. -
Supplier Performance and the Smicop Domestic Monitoring and Compliance Survey Report: Results for Smart Meter Installations Occu
Supplier Performance and the SMICoP Domestic Monitoring and Compliance Survey Report: Results for Smart Meter Installations occurring from October to December 2019 Published 30 June 2020 Page 1 of 26 30 Jun 2020 Summary The Smart Meter Installation Code of Practice (SMICoP) is a set of rules that energy suppliers must follow when installing smart meters in homes and smaller businesses. To make sure these standards have been met by the energy suppliers, a sample of customers are asked about their experiences when their smart meter was installed. These surveys are carried out by independent survey organisations on behalf of energy suppliers. More information regarding the methodology can be found within the Annex A of this report. The Monitoring and Compliance Customer Survey (MCCS) report was established to show if energy suppliers have met their obligations and responsibilities set out in the SMICoP rules. This report provides a summary of the answer’s customers gave about what happened when a smart meter was installed in their home. Some of the questions within the report show how your energy supplier is performing when installing smart meters in homes compared to other suppliers. Some of the questions within the report do not demonstrate the performance of an energy supplier if looked at on their own. For the questions that don’t indicate a better or worse performance, that are intended to help qualify1 a subsequent question, the information is presented listed by supplier in alphabetical order in black shaded tables and figures. Where suppliers’ performance is ranked highest to lowest, these are shown in blue shaded tables and figures. -
Neural Network Based Microgrid Voltage Control Chun-Ju Huang University of Wisconsin-Milwaukee
University of Wisconsin Milwaukee UWM Digital Commons Theses and Dissertations May 2013 Neural Network Based Microgrid Voltage Control Chun-Ju Huang University of Wisconsin-Milwaukee Follow this and additional works at: https://dc.uwm.edu/etd Part of the Electrical and Electronics Commons Recommended Citation Huang, Chun-Ju, "Neural Network Based Microgrid Voltage Control" (2013). Theses and Dissertations. 118. https://dc.uwm.edu/etd/118 This Thesis is brought to you for free and open access by UWM Digital Commons. It has been accepted for inclusion in Theses and Dissertations by an authorized administrator of UWM Digital Commons. For more information, please contact [email protected]. NEURAL NETWORK BASED MICROGRID VOLTAGE CONTROL by Chun-Ju Huang A Thesis Submitted in Partial Fulfillment of the Requirements for the Degree of Master of Science in Engineering at The University of Wisconsin-Milwaukee May 2013 ABSTRACT NEURAL NETWORK BASED MICROGRID VOLTAGE CONTROL by Chun-Ju Huang The University of Wisconsin-Milwaukee, 2013 Under the Supervision of Professor David Yu The primary purpose of this study is to improve the voltage profile of Microgrid using the neural network algorithm. Neural networks have been successfully used for character recognition, image compression, and stock market prediction, but there is no directly application related to controlling distributed generations of Microgrid. For this reason the author decided to investigate further applications, with the aim of controlling diesel generator outputs. Firstly, this thesis examines the neural network algorithm that can be utilized for alleviating voltage issues of Microgrid and presents the results. MATLAT and PSCAD are used for training neural network and simulating the Microgrid model respectively. -
Agecroft in Steam
( ?I ~- - - ~"~ _., -- ........... / -- . , ·--....., __ t) \ ,-- The 1960's saw a dramatic change m the use of The 'A' station system was abandoned early m steam locomotion in the North West of 1947 as construction of 'B' station cooling to Cl!Jton Junc1:c'n ) England. Within the short space of 8 years the towers severed the line. Between then and its QI✓ . familiar sight of a steam-hauled train closure the 'A' station received coal by road. {not all 1he rm,ways shown exi~ad al the some time vanished completely from British Rail. For a A Stallon .,:· :·, ,: ' _::' .·. ·-~ ·.. while steam continued to be used at some ·'..,·.'. _. 1, · ,_ c · ·n... c····. ~:·y···,--·· Reception Sidings industrial sites in Lancashire but now only II AG hopper Agecroft Power Station, near Manchester, .if •i•>,c': fp , ' . ,. Ill ·• continues the tradition. Three power stations (A, B and C ) have been A completely ne w coal handling system using developed on the Agecroft site smce 1925 and steam locomotives, was built on a separate each has used a rrnl system in its coal site· to se rve···•· both 'B ' and 'C' stations. A senes of handling. lines, approximately I mile lung, was coalslockmg construc ted running from the original gmundwilh ,:···. ~ ~ -c·,.' .-:B.ft. .,. ....:;: y ·:·:· conveyor to Agecroft Junc tion. The line passed crone lrack (standard gmrgel -.. ~~:: .. ·~&--... 2 loco sheds and fanned into wagon sidings ,,,. .-n:v ...' ... which converged lo pass through the tippler. .. .. A new conveyor was built to take the coal over . .. ... the British Rail line and the canal to the power The original 'A' statio,n used a 2' 6" gauge station. -
Exploring Greater Manchester
Exploring Greater Manchester a fieldwork guide Web edition edited by Paul Hindle Original printed edition (1998) edited by Ann Gardiner, Paul Hindle, John McKendrick and Chris Perkins Exploring Greater Manchester 5 5. Urban floodplains and slopes: the human impact on the environment in the built-up area Ian Douglas University of Manchester [email protected] A. The River Mersey STOP 1: Millgate Lane, Didsbury The urban development of Manchester has modified From East Didsbury station and the junction of the A34 runoff to rivers (see Figure 1), producing changes in and A5145, proceed south along Parrs Wood Road and into flood behaviour, which have required expensive remedial Millgate Lane, Stop at the bridge over the floodbasin inlet measures, particularly, the embankment of the Mersey from channel at Grid Reference (GR) 844896 (a car can be turned Stockport to Ashton weir near Urmston. In this embanked round at the playing fields car park further on). Looking reach, runoff from the urban areas includes natural channels, south from here the inlet channel from the banks of the storm drains and overflows from combined sewers. Mersey can be seen. At flood times the gates of the weir on Alternative temporary storages for floodwaters involve the Mersey embankment can be opened to release water into release of waters to floodplain areas as in the Didsbury flood the Didsbury flood basin that lies to the north. Here, and at basin and flood storage of water in Sale and Chorlton water other sites along the Mersey, evidence of multi-purpose use parks. This excursion examines the reach of the Mersey from of the floodplain, for recreation and wildlife conservation as Didsbury to Urmston. -
Monitoring and Diagnosis Systems to Improve Nuclear Power Plant Reliability and Safety. Proceedings of the Specialists` Meeting
J — v ft INIS-mf—15B1 7 INTERNATIONAL ATOMIC ENERGY AGENCY NUCLEAR ELECTRIC Ltd. Monitoring and Diagnosis Systems to Improve Nuclear Power Plant Reliability and Safety PROCEEDINGS OF THE SPECIALISTS’ MEETING JOINTLY ORGANISED BY THE IAEA AND NUCLEAR ELECTRIC Ltd. AND HELD IN GLOUCESTER, UK 14-17 MAY 1996 NUCLEAR ELECTRIC Ltd. 1996 VOL INTRODUCTION The Specialists ’ Meeting on Monitoring and Diagnosis Systems to Improve Nuclear Power Plant Reliability and Safety, held in Gloucester, UK, 14 - 17 May 1996, was organised by the International Atomic Energy Agency in the framework of the International Working Group on Nuclear Power Plant Control and Instrumentation (IWG-NPPCI) and the International Task Force on NPP Diagnostics in co-operation with Nuclear Electric Ltd. The 50 participants, representing 21 Member States (Argentina, Austria, Belgium, Canada, Czech Republic, France, Germany, Hungary, Japan, Netherlands, Norway, Russian Federation, Slovak Republic, Slovenia, Spain, Sweden, Switzerland, Turkey, Ukraine, UK and USA), reviewed the current approaches in Member States in the area of monitoring and diagnosis systems. The Meeting attempted to identify advanced techniques in the field of diagnostics of electrical and mechanical components for safety and operation improvements, reviewed actual practices and experiences related to the application of those systems with special emphasis on real occurrences, exchanged current experiences with diagnostics as a means for predictive maintenance. Monitoring of the electrical and mechanical components of systems is directly associated with the performance and safety of nuclear power plants. On-line monitoring and diagnostic systems have been applied to reactor vessel internals, pumps, safety and relief valves and turbine generators. The monitoring techniques include nose analysis, vibration analysis, and loose parts detection. -
Annual Review and Summary Financial Statements 2010 Shareholder Information Continued
Centrica plc Registered office: Millstream, Maidenhead Road, Windsor, Berkshire SL4 5GD Company registered in England and Wales No. 3033654 www.centrica.com Annual Review and Summary Financial Statements 2010 Shareholder Information continued SHAREHOLDER SERVICES Centrica shareholder helpline To register for this service, please call the shareholder helpline on 0871 384 2985* to request Centrica’s shareholder register is maintained by Equiniti, a direct dividend payment form or download it from which is responsible for making dividend payments and www.centrica.com/shareholders. 01 10 updating the register. OVERVIEW SUMMARY OF OUR BUSINESS The Centrica FlexiShare service PERFORMANCE If you have any query relating to your Centrica shareholding, 01 Chairman’s Statement please contact our Registrar, Equiniti: FlexiShare is a ‘corporate nominee’, sponsored by Centrica and administered by Equiniti Financial Services Limited. It is 02 Our Performance 10 Operating Review Telephone: 0871 384 2985* a convenient way to manage your Centrica shares without 04 Chief Executive’s Review 22 Corporate Responsibility Review Textphone: 0871 384 2255* the need for a share certificate. Your share account details Write to: Equiniti, Aspect House, Spencer Road, Lancing, will be held on a separate register and you will receive an West Sussex BN99 6DA, United Kingdom annual confirmation statement. Email: [email protected] By transferring your shares into FlexiShare you will benefit from: A range of frequently asked shareholder questions is also available at www.centrica.com/shareholders. • low-cost share-dealing facilities provided by a panel of independent share dealing providers; Direct dividend payments • quicker settlement periods; Make your life easier by having your dividends paid directly into your designated bank or building society account on • no share certificates to lose; and the dividend payment date.