TechnipFMC to spin off engineering and construction business

first_imgThe UK-based TechnipFMC will split its business into two separate publicly traded companies in a move to unlock additional value for the respective segments TechnipFMC will split its business into two separate publicly traded companies (Credit: TechnipFMC plc) Oilfield services provider TechnipFMC is set to spin off its engineering and construction (E&C) division into a separate firm to capitalise on the global energy transition while enhancing value creation.TechnipFMC will split its current business into two separate publicly traded companies – RemainCo and SpinCo. The business separation is expected to improve the new companies’ focus on their respective strategies and give them better flexibility and growth opportunities.TechnipFMC to spin off its onshore/offshore segmentThe transaction will be structured as a spin-off of TechnipFMC’s onshore/offshore segment, which will be headquartered in Paris. The separation is likely to be concluded in the first half of next year, subject to customary conditions, consultations and regulatory approvals.According to TechnipFMC, the merger of Technip and FMC Technologies in 2017, which resulted in its creation as a new subsea player has established it as the only fully-integrated subsea provider. The company’ said that its performance since the merger has made the proposed spin-off possible which when completed will help the two firms to unlock additional value.The two new companies RemainCo and SpinCo will have distinct and expanding market opportunities and also specific customer bases, said the oil services provider.SpinCo is expected to become one of the largest E&C pure-play companies in the world, and will be able to capture LNG opportunities owing to its strong project delivery model, proven track record, and demonstrated capabilities, said TechnipFMC.The new company will be made up of TechnipFMC’s onshore/offshore segment, which includes Genesis, a provider of front end engineering and design services. SpinCo would also include Loading Systems and Cybernetix.RemainCo, on the other hand, will be made up of the technology and services business of the company. It will continue to support TechnipFMC’s clients in the delivery of integrated production solutions with a workforce of around 22,000 employees.TechnipFMC chairman and CEO Doug Pferdehirt said: “To further enhance value creation, our Board of Directors and management team have continuously evaluated strategic options and, after a comprehensive review, determined that it is in the best interest of TechnipFMC and all of our stakeholders to create two diversified pure-play leaders.“We are confident that the separation would allow both businesses to thrive independently within their sectors, enabling each to unlock significant additional value.”last_img read more

SDL Group welcomes 10,00th B2R tenant

first_imgHome » News » Land & New Homes » SDL Group welcomes 10,00th B2R tenant previous nextLand & New HomesSDL Group welcomes 10,00th B2R tenantThe Negotiator23rd January 20170617 Views SDL Group ended 2016 with a new milestone, cementing its bid to become the largest provider of Build to Rent (B2R) services in the UK.“It’s fantastic to be in the position to welcome our 1000th tenant, ending the year on a real high,” commented Paul Staley, director of PRS at SDL Group.“This achievement, and our continued work with clients such as Sigma Capital Group, is testament to the potential that this market holds. Several years ago we predicted that B2R would provide a major shake up in the Private Rental Sector. We’re now seeing this come to fruition.“Last summer there was a slight slowdown in the approval of funding for B2R schemes immediately after the Brexit referendum but thankfully this was short lived. After the initial shock, the big institutional lenders now appear to have an even greater appetite for the sector.“I’m anticipating an increased interest in B2R due to the recent decline of the Bond markets as it offers institutions a relatively safe and secure home for their capital, whilst providing a regular and constant return, which is ideal for pension funds looking for annuity income.”SDL Group plans to secure 20 per cent of the UK’s new B2R specific stock by 2020, growing its B2R portfolio to over 10,000 properties.SDL Group build to rent SDL Group B2R SDL Group January 23, 2017The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more

HMS Sutherland stops in Adelaide on Australia tour

first_img Authorities Share this article Royal Navy’s Type 23 frigate HMS Sutherland stopped in Adelaide on February 23, for a visit as part of her tour of Australia tour.Sutherland is on a seven-month deployment to the Indo-Pacific to strengthen defense ties, as well as promote stability and security through combined naval operations and exercises.As part of her Australian tour, Sutherland has visited Fremantle and Adelaide, and will now proceed to Sydney for exercises with the Royal Australian Navy.Australian defense industry minister Christopher Pyne visited the frigate as it called into South Australia.“Australia and the UK are committed to peace and security in the Indo-Pacific and Sutherland’s visit continues the close cooperation between our two navies,” minister Pyne said.“As we are developing a sovereign Australian naval shipbuilding industry it is crucial we seize opportunities like this to exchange expertise with other leading maritime states.“As we embark on the $35 billion Future Frigate program to build nine anti-submarine warfare frigates in Australia, seeing the full capabilities of all nations helps inform the Australian Defence Force and our industry partners.Sutherland is a Type 23 anti-submarine warfare frigate, a predecessor of the Type 26 being proposed by BAE Systems for Australia’s Future Frigate program.Fincantieri and Navantia are also participating in the competitive evaluation process for the Future Frigate program. View post tag: HMS Sutherland View post tag: Australia View post tag: Royal Navy Back to overview,Home naval-today Royal Navy frigate stops in Adelaide on Australia tour February 23, 2018 Royal Navy frigate stops in Adelaide on Australia tourlast_img read more


first_imgA mass of Christian burial was celebrated at St. Francis Church, Hoboken, on July 25 for Frank J. Spano, Jr., who served as principal of several Hoboken public schools. He passed away July 20 after a long illness. Born and raised in Hoboken, he has lived in Manchester Township since 2002.He was a member of the class of 1961 of St. Peter’s College, Jersey City, and received his master’s degree in school administration from Seton Hall University in 1966. He served in the Hoboken school system from 1961 through 2000. His career in education started at A.J. Demarest School as a teacher of Business Studies where he later became vice principal. In 1972 he was named principal of Joseph F. Brandt School where he served until 1995, he returned to A.J. Demarest as principal for the 1995-1996 school year, then took over as principal of Hoboken High School from which he retired in 2000.After retirement he served as interim principal in the Englewood Cliffs public school system as well as the Teaneck Public school system. Through all of Mr. Spano’s success in his career in education he also had an illustrious 50 year career as a sports official. Starting as a Little League umpire in 1964 he quickly moved to the high school level and to college baseball in 1967. His 22 year career as a college baseball umpire ended with him being on the diamond for the College World Series. He served as the Rules Interpreter for the College Baseball Umpires Association from 1984-1992. He took up refereeing college football in 1972 spending 20 seasons at the Division 1 level. He also refereed Division III Women’s College Basketball. After retiring from college officiating duties, Mr. Spano worked as a College Scout for the NFL and the Coach/Quarterback Coordinator for the NY Giants as well as the 24 Second Shot Clock Operator for the NJ Nets of the NBA. His love of sports was passed down to his children and grandchildren. The traveling involved in officiating college football became a passion of his.He is survived by his wife Gloria; his three children, Gayle Khoury, Joseph Spano and his wife Kristen, Frank Spano and his wife Christine and their mother Ann; his three stepchildren, Kristen Spano and her husband Joe, Danielle Bernie and her husband Budd, and Gary Hanson and his wife Johna. He leaves behind nine grandchildren: Elizabeth and Bobby Khoury, Sarah and Joseph Spano, Frank Spano, Maxelle and Budd Bernie and Alyvia and Gary Hanson; his sisters Marianne Maarleveld, Judith Scarpone; and brothers Joseph and Steven Spano. He was predeceased by his parents Frank and Josephine Spano.After retirement he travelled the world with his wife, Gloria, family and friends and spent much time in Paradise Island, Bahamas.Services arranged by the Failla-McKnight Memorial Home, Hoboken.last_img read more

Lucozade spends £8m on latest sports sector drive

first_imgLucozade Sport will be supported with an £8 million TV and press campaign this year.The push – by brand owner GlaxoSmithKline – will highlight the soft drink’s links with sport. It will kick off with TV advertisements on sports channels including Sky Sports. Press, radio, outdoor and digital ads will support the TV campaign.Lucozade will also be pushed at sports events, including the Barclays Premiership football matches.Brand manager Adam Prentice said: “By driving education and awareness, we can successfully grow the sports and exercise drinks category.”RRP: 85p[]last_img read more

News story: Our assessment criteria are changing

first_imgAs we continue to expand our options for how we run competitions, we are also continually reviewing our processes to make DASA more accessible for suppliers and our Defence and Security customers.As part of our transformation, we will be introducing new assessment criteria to make submitting and assessing a proposal easier for you and our technical assessors.Baseline criteriaThe baseline criteria are:DesirableDASA funds innovations that solve defence and/or security challenges where there is clear support from the end users or sponsors who will exploit them. We will look for evidence in your proposal of user relevance and benefits, as well as user support/ buy-in for your innovation.FeasibleWe want to be sure that your innovation has a good chance of success from a scientific, technical and practical perspective, and we are interested in how novel your idea is.ViableIn this criteria, we’re looking for evidence of a robust and affordable project plan to show that your idea can be delivered within the project scope and timelines. We will also look at your outline plans to develop and integrate your innovation beyond the project end.Supporting guidanceThe baseline criteria will apply to all competitions. However, there will be minor variations between competitions in order to meet the specific needs of each. Therefore, each of the baseline criteria is supported by additional notes and guidance which can be found: in the competition document for the relevant competition in the submission template used by you to prepare and submit your proposalcenter_img ApplicabilityThese criteria will be introduced for Cycle 3 of the Open Call for Innovation. Competitions which are already live will continue to use the old criteria. Therefore, if you are submitting proposals to multiple competitions, you will need to be aware of the potential variation until the old criteria have been fully phased out.The competition document will state which criteria are in use. However, if you are unsure about which criteria apply, please get in touch with us by email [email protected]last_img read more

Watch Lettuce Bring The Cosmic Funk To Purple Hatter’s Ball [Videos]

first_imgSpace-funk pioneers Lettuce brought the Purple Hatter’s Ball to a wildly satisfying conclusion with jam after jam that shook the very foundations of the Spirit Of The Suwannee Music Park. After days of music featuring Breaking Biscuits, Spafford, Toubab Krewe, Southern Avenue, Roosevelt Collier, and more, the funkateers from NYC came correct and had the crowd bumpin’ and jumpin’ from the first note to the last.It made sense though—thanks to the event’s promoter Paul Levine, Lettuce has been no stranger to the venerated festival site. Between their numerous performances at Suwannee parties like Bear Creek and Hulaween over the years, it’s safe to say Lettuce knows their way around the beloved Amphitheater Stage.Bassist Jesus Comes stalked the front and center, letting his deep round sound play off the incredibly wide assortment of funky beats provided by his rhythm section partner and drummer supreme Adam Deitch. The band’s other dynamic duo, trumpeter Eric “Benny” Bloom and saxophonist Ryan Zoidis (also known as the Shady Horns), used their brass with style, punctuating the highs and drawing out the psychedelic lows. Guitarist Adam Smirnoff acted as a free agent, filling the sonic nooks and crannies with his signature slinky lines, while keyboardist and vocalist Nigel Hall served as a soulful center to Lettuce’s galactic sounds.All this amazing music was being made for more than just another excuse to party til the wee hours; it was a celebration of a fallen friend and a call to arms for justice. The story of Rachel Morningstar Hoffman, who was murdered following the police’s mishandling of informants, is a tragic one that has ended up a cautionary tale for everyone dealing with the legal system. Please check out the foundation that has been set up to honor her loss, and then give the Lettuce clips below a play after you have adjusted the volume to maximum earth-shaking levels! Enjoy!“KHRU”“Ready To Live”“Purple Cabbage”“Your Royal Highness”last_img read more

Panel discusses ethical issues in ‘Radium Girls’

first_imgExperts from the Saint Mary’s and Notre Dame community contributed to a panel discussion Friday with D.W. Gregory, author of the play “Radium Girls,” which was performed on campus this weekend. The talk, titled, “Radium Girls: Opening the Door to Justice,” was sponsored by the Justice Education department. Gregory said she was inspired to write the play, a story about radium poisoning of female factory workers who painted the dials on watches in 1920s New Jersey, by a documentary about radium poisoning. “I remember watching this documentary, ‘Radium City,’ and just feeling like there was so much more to the story,” Gregory said. “I wanted to know more about what happened to the women.” Gregory said she didn’t begin work on the play until about 10 years later when she was scrolling on the Internet and discovered an article about a case in New Jersey involving radium poisoning of women. “I thought, ‘Oh gosh, here’s a play,’” Gregory said. “My original idea was that I was going to go out and find all this source material. I was going to look through diaries, journals to tell the story of the women in their own words, but I quickly found out that none of that existed in any form that I could have access to.”It became clear that if I was going to tell this story, it was going to have to be a fictitious recount.” Gregory said the culture of compliance in the 1920s contributed to creating victims, and in the specific case of radium, women were often harmed. “I knew from the beginning that I wanted to take a closer look at what it is that leads these kinds of things to happen,” she said. “For me, it wasn’t so much what happened, as it was why did it happen and why does it keep on happening.”It wasn’t just the story of the women, it was also the story of the men. And it wasn’t just the story of the men and women, but it was the story of the culture of the expectations of the time. It was about commercialization. It was about the period when women were just beginning to find their voices.” “Radium Girls” has been produced more than 300 times in the United States, Gregory said, and mostly by education theater programs in high schools and colleges. “There’s a lot in it that generates a lot of interest in a lot of different disciplines,” she said. Dan Graff, a labor historian and director of undergraduate studies in Notre Dame’s Department of History, said unions have traditionally played an important role in creating a safe workplace. At the time of the play in the 1920s, most industrial workers like the ‘radium girls’ were unprotected by unions, and they had to rely on their employers to provide a safe workplace,” Graff said. Graff said workers, especially female ones, couldn’t advocate for themselves in the way unions could have advocated for their rights. “‘Radium Girls’ hints at the workplace realities faced by workers separated by skill and usually by gender as well,” he said. “The main character, Grace, is outraged to learn that workers in the lab had screens to prevent their exposure to the radiation, unlike she and her fellow dial painters.” Barbara Fick, a professor at Notre Dame Law School, said in absence of unions, workers depended on the government to keep the workplaces safe. “In terms of government regulation in the 1920s, it was relatively new, and obviously, there were no federal regulations, so it was left up to the states,” Fick said. Unfortunately, Fick said, the regulations that did exist were inadequate. “They would identify a specific problem, but then they wouldn’t address anything else. And so the next time somebody would identify a problem, they would pass another law,” Fick said. Kelly Hamilton, associate professor of history at Saint Mary’s, said many of the women working in the factories who were exposed to the radium were young and had their whole lives ahead of them. “Most of them were young women, in mid-teens to early 20s,” Hamilton said. “The ’20s brought them opportunities, liberation to work outside the home.” Women who could produce painted dials more quickly, inserting the paintbrushes into their mouths to keep the bristles together, often were the first to die, Hamilton said. “Tragically, [this method of working] may have contributed to the most gruesome deaths from radium poisoning,” she said. Hamilton said although media at the time often portrayed girls poisoned by radium in a negative light, the young women earned public support. “These women were not victims; they fought back and were aided by other women,” Hamilton said. Patricia Fleming, provost, philosophy professor and senior vice president for Academics Affairs at Saint Mary’s, said ethics and informed consent are important in judging cases involving radiation. “Unfortunately, scientists are reluctant to say there is a clear cause and effect relationship [between exposure to radium and death of girls], but rather, there is a clear correlation,” Fleming said. Gregory”said the company in the play disregarded the ethical dilemma presented and is completely at fault for putting its workers in such a dangerous position.   “The company had information and knew there were issues. There is an issue of culpability to anyone that turns a blind eye,” she said. “I don’t have a lot of sympathy for the excuse, ‘I didn’t know,’ because it is your business and it’s your responsibility to know.” Contact Haleigh Emsen at [email protected]last_img read more

NCUA budget transparency bill strengthens agency’s mission: CUNA

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The National Credit Union Administration Budget Transparency Act (H.R. 2287) would increase transparency and accountability at the agency, thereby supporting its mission, CUNA told the bill’s sponsors Wednesday.In a letter sent to Reps. Mick Mulvaney (R-S.C.) and Kyrsten Sinema (D-Ariz.), CUNA President/CEO Jim Nussle thanked the legislators and expressed CUNA’s strong support for the bill.“It is not too much to ask for the members of the NCUA Board to conduct a hearing and listen to stakeholder feedback from those responsible for funding the activities of the agency,” Nussle wrote, adding that his experience chairing the House Budget Committee made him aware of the importance of soliciting feedback during the budgetary process.H.R. 2287 would direct the NCUA to establish a process by which the public may examine and comment on the agency’s proposed annual budget prior to adoption. continue reading »last_img read more

NAFCU launches community strategy to protect CU tax status

first_imgNAFCU President and CEO Dan Berger sent an email to the association’s members yesterday requesting their support to defend the industry’s tax-exempt status at the local level – though the exemption remains untouched in both the House and Senate bills.“Together, we will continue to defend credit unions and ensure our communities and economy continue to benefit from your good work as well,” Berger wrote in the email.Berger’s message was sent in light of recent attacks on credit unions’ tax-exempt status by members of the banking industry. In the email, Berger pointed members to an independent tax study released by NAFCU earlier this year that found the credit union tax exemption benefits $16 billion to the U.S. economy each year. 11SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more