Pelican plans to carve out the business unit into a stand-alone business focused mainly on the US market The SPC flow unit comprises wellhead product sales and service. (Credit: Adam Radosavljevic from Pixabay) US-based private equity fund Pelican Energy Partners has agreed to acquire the surface pressure control flow (SPC Flow) business unit of energy services company, Baker Hughes.The financial details of the transaction have not been disclosed by the companies. The SPC flow business unit is a part of oilfield equipment segment of Baker Hughes.Working the management team of SPC Flow, Pelican intends to carve out the business unit into a stand-alone business.It will focus on providing pressure control products and services mainly in the US, with a presence in Australia, Papua New Guinea and Trinidad & Tobago.The SPC flow unit comprises wellhead product sales and service along with a rental offering of frac trees, valves and zipper manifolds.Baker Hughes will retain the surface pressure control projects businessPelican managing partner Mike Scott said: “This carveout transaction will enable the business to be a more focused, nimble and responsive company.“We are glad to be supporting this management team that strongly believes that as a more entrepreneurial company, they will be better positioned to compete and win in these challenging markets.”The company said that the transaction is estimated to be concluded in the fourth quarter of the year.Upon completion of the deal, Baker Hughes will retain the ‘Surface Pressure Control Projects’ business of providing surface and subsea product in the Middle East, Africa, North Sea and Asia.For the deal, Baker Botts served as legal counsel to Pelican Energy.McDermott Will & Emery acted as legal counsel and BofA Securities served as financial advisor to Baker Hughes in the transaction.In July this year, General Electric (GE) has launched a programme to sell its remaining stake of 36.6% in its subsidiary Baker Hughes within a period of three years.
Back to overview,Home naval-today BAE Systems gets $180m US Navy contract for laser-guided rocket production Share this article BAE Systems gets $180m US Navy contract for laser-guided rocket production View post tag: BAe Systems June 14, 2017 BAE Systems has received a $180.5 million U.S. Navy contract to produce additional advanced precision kill weapon system (APKWSTM) laser-guided rockets to meet the growing U.S. and international demand for the systems.According to the company, APKWS rockets are seeing increasing use in theater because they deliver cost-effective precision strikes with reduced potential for collateral damage.The latest order, which is funded under the recently announced indefinite delivery / indefinite quantity contract, will help BAE Systems to meet increased demand.“We’re delivering ahead of schedule even with the growing demand,” said Rachel Guill, director of Precision Guidance Solutions at BAE Systems.APKWS laser-guided rockets allow militaries to leverage existing munitions and weapons systems investments with minimal effort and training. The APKWS mid-body guidance kit transforms standard unguided Hydra 70 (2.75-inch) rockets into accurate precision munitions by easily screwing into place between the warhead and the motor.The technology is available to international customers through the U.S. Foreign Military Sales (FMS) program. View post tag: APKWS Authorities View post tag: US Navy
Ryan acted without consideration for the significant and long-lasting emotional damage it would cause his victim. I am pleased that the Court of Appeal has agreed with my referral, and hope this increased sentence will bring some comfort to the victim and her family. A man who sexually assaulted a young girl has today been immediately imprisoned after the Solicitor General, Robert Buckland QC MP, referred his sentence under the ULS scheme.Kevin Ryan, 64, sexually assaulted a 12-year-old girl, groping her under her clothing. The crime was reported after the victim’s mother found her crying in her room. The assault has had a considerable, lasting impact on the victim.Ryan was originally sentenced at Warwick Crown Court in April, where he was given a sentence of 2 years’ imprisonment suspended for 2 years. Yesterday, after the Solicitor General’s referral, the Court of Appeal increased his sentence to 3 years imprisonment.Commenting on the sentence increase, the Solicitor General said:
A statue of suffragette Emmeline Pankhurst, which was part-funded by the Government Equalities Office’s (GEO) Centenary Fund, will be unveiled in Manchester today (14 December).Manchester, Emmeline’s hometown, is one of seven centenary cities and towns – chosen for their strong suffrage history – which received a total of £1.2 million from the GEO fund.The statue, created by award-winning sculptor Hazel Reeves, shows Emmeline standing on a chair imploring her audience to support women’s suffrage, and is only the second ever statue of a woman in Manchester.Culminating celebrations of the centenary year across the country, the statue marks the significant contribution and achievements of women in Manchester to the suffrage movement.Minister for Equalities Baroness Williams said:“As a councillor in Trafford for 13 years I’m proud of Manchester’s role in the history of women’s suffrage, and, while it’s taken one hundred years, I can’t think of a better choice than to honour Emmeline Pankhurst in this way.“By funding projects like this we are encouraging the next generation of women to get involved in our democracy so that they can have an equal voice in the decisions that affect them.“What made this campaign so special is the personal dedication of all those involved, and the support for both Emmeline as the public choice, and the brilliant sculptor Hazel Reeves to bring this local hero back to her home streets.”The centenary cities project is helping Manchester to build a legacy from its suffrage celebrations through democratic engagement programmes with the Pankhurst Trust, and the statue of Emmeline.The statue will be unveiled as part of a whole day of celebrations starting with a procession at the People’s History Museum, the Pankhurst Centre and ending at St Peter’s Square.Across the country, women have participated in training in political leadership, media relations and public speaking, supported by the government’s £5 million suffrage centenary fund.Notes to editors: The statue received £200,000 from the GEO’s Centenary Fund At the council planning meeting where the statue project received planning permission, a young girl chosen from a local school made the case for the statue to the planning board The £5 million Centenary Fund is supporting projects that raise awareness of this democratic milestone and encourage more women to participate in democracy It includes £1.2 million funding for local celebrations in Centenary Cities – Bolton, Bristol, Leeds, Leicester, London, Manchester and Nottingham
Professional bakery student Megan Roberts of University College Birmingham (UCB) is entering the finals of Le Cordon Bleu’s UK Scholarship Award. Streetly-based UCB student Roberts, 19, will take part in the finals of Le Cordon Bleu’s UK Scholarship Award on 2 June.The scholarship from the world famous culinary school, worth £35,000, includes a place on the coveted Diplôme de Pâtisserie, followed by a three-month Diploma in Culinary Management. Luxury accommodation is provided, along with an internship under the guidance of Michelin-starred chef Claire Smyth.Roberts said: “I’m overwhelmed and excited. It’s an honour to be in the final.” She left Streetly Academy at 16 to join UCB’s Level 1 Diploma in Bakery. Three years later, she is now close to completing the Level 3 Diploma in Professional Bakery.Roberts works at Malmaison Birmingham around her studies, where she works as a commis chef. She especially enjoys patisserie and cake decoration.”Like magic”She said: “Patisserie is like magic, you wonder how it has been created. When you learn the skills, you suddenly understand the trick.”Dawn Gemmell, assistant dean of UCB’s College of Food, said: “Megan Roberts is a star. From her early days at UCB, Megan has shown high motivation, excellent skills and a quiet confidence. I am so pleased for her; what a great way to finish the term. I want to wish Megan all the very best for the future.”
Vermont Venture Network August Monthly Breakfast Meeting.Thursday, August 29, 2002, 8 A.M.Scott Kirsner, Contributing editor at Wired Magazine and Fast Company; @large columnist for the Boston Globe.Join us for a highly-interactive discussion with Boston Globe, Wired Magazine and Fast Company contributor Scott Kirsner, as he discusses the dynamics shaping the tech sector in New England, offers a glimpse of some of the region’s promising new technologies and describes some of the shared traits of businesses that have figured out how to grow in the current environment.Scott will also provide a preview of this September’s Future Forward conference.A discussion period will follow, and your questions are encouraged.Location: The Radisson Hotel60 Battery StreetBurlington, VTtel. (802) 658-6500Meetings: Meetings are typically held the fourth Thursday of every month, 8:00 a.m. to 10:00 a.m.To pre-register: Please mail your registration form and check (payable to: VVN) for $15 to: PO Box 5839, Burlington, VT 05402. This fee includes a continental breakfast.Pre-registration will also be accepted by facsimile to (802) 658-0978 or via email to [email protected](link sends e-mail).Please help us speed your check-in by pre-registering. Thank you.Please also be sure to include your email address.Name ________________________________________Title _____________________________________Company _____________________________________Address ___________________________________City/State/Zip ______________________________Telephone _____________________________Email Address ______________________________
The State of Vermont’s recent $50 million bond sale to support its annual capital program garnered the lowest interest costs the State has incurred in memory. The State locked in a total interest cost of 2.58 percent over the 20-year life of the bonds, the lowest rate in records dating back to the 1960s. The proceeds of the bonds will fund infrastructure projects authorized by the State Legislature in the last session.Contributing to the very low interest cost were the State’s high credit rating, a very low interest rate environment, and use of Build America Bonds. Build America Bonds, often referred to simply as ‘BABs,’ were made available under the American Recovery and Reinvestment Act of 2009.‘It is too bad that the Build America Bonds program is set to expire on December 31,’ said State Treasurer Jeb Spaulding. ‘The economic benefit to Vermont has been considerable. In this deal alone, we saved taxpayers more than $2 million in interest payments over the life of the bonds, compared to the use of traditional tax exempt bonds. I hope Congress will take up the matter when they reconvene later this year and extend the program.’The Treasurer’s Office sold the bonds approximately one month ahead of the typical schedule to take advantage of near record low interest rates. Eight bids were received, several from firms bidding on Vermont’s bonds for the first time. Vermont has the best bond rating of all New England states: Triple-A by the Moody’s and Fitch agencies and Double-A+ by Standard and Poor’s.November 16, the State plans to target the sale of an additional $25 million in general obligation bonds to Vermont investors. Vermont Citizens’ Bonds will be sold as tax-exempt bonds through a negotiated offering. An underwriter for the sale is being selected though a competitive request for proposals. These bonds are reserved first for purchase by Vermont residents and businesses. The bonds are projected to close on November 30.‘We want to give Vermont investors a greater chance to buys these bonds so we have increased the amount for sale from $20 million to $25 million,’ said Spaulding. ‘Citizens’ Bonds are free from state and federal taxes and may be purchased in denominations as low as $1,000.’Vermont investors interested in purchasing Citizens’ Bonds should contact their local broker for more information. The State will post the names of the investment banking firms assisting with the sale on the Treasurer’s web site in early November at www.BuyBonds.Vermont.gov(link is external).The State also will continue to monitor interest rate trends for an opportunity to refinance existing bonds in conjunction with the Citizens’ Bond sale. Source: Vermont Treasurer. 10.21.2010
Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Nassau County police are investigating an armed home invasion in which a trio held up a card game in Massapequa and pistol whipped a 48-year-old victim over the weekend, authorities said.Three men armed with handguns entered a Margaretta Avenue apartment and ordered 11 men who were playing a card game to the ground at 2:30 a.m. Saturday, police said.The trio stole the property and cash before they fled on foot eastbound on Oakley Avenue. The victim who was assaulted was treated for non-life threatening injuries to his head.Seventh Squad detectives ask anyone with information about this crime to contact Nassau County Crime Stoppers at 1-800-244-TIPS. All callers will remain anonymous.
NAFCU’s newly revamped Online Training Center is now ready for credit unions to use for online education and webinars. The redesigned site gives credit unions easier access to new content and an improved overall user experience.Credit unions have access to NAFCU’s top-rated online education resources from anywhere as the website is fully responsive on laptops, tablets, and mobile devices. View upcoming webinars and access on-demand webinars now through the association’s website.In addition, credit unions should note that the process for viewing webinars and earning NAFCU certification credits has changed. There is an article, “How to Navigate the New Online Training Center,” to help credit unions use the site once logged in. Visit the “Help Center” in the Online Training Center for more information.As part of NAFCU’s commitment to providing credit unions with forward-thinking, educational programs and trainings, the association has developed a number of events and opportunities specifically designed to help bridge the social distancing gap. From virtual conference events and webinars to online communities, NAFCU has unique offerings to deliver credit union professionals with the insights and tools they need now. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
– Advertisement – There’s still a very noticeable border running around the screen and Apple is sticking to a huge notch. Android companies that copied this years ago have surpassed Apple’s design with smaller notches and now even tinier front cameras embedded within screens. Of course none of them offer Apple’s secure Face ID hardware, but then again many people prefer a fingerprint sensor, which you don’t get here.On the rear, the dual camera module looks identical to that of the iPhone 11, but the hardware has been upgraded. You get the same 12-megapixel primary and ultra-wide cameras as on the iPhone 12 Pro, and both support Night Mode as well as Deep Fusion. Apple promises 27 percent better light gathering with the primary camera thanks to a f/1.6 aperture. 4K Dolby Vision HDR video recording also comes to this model which should make for some very crisp and vibrant clips.While more expensive than most people were hoping for, the iPhone 12 does deliver nearly all the features of the iPhone 12 Pro for two-thirds the starting price. You don’t get the flagship model’s higher amounts of storage, optical zoom camera, 60fps Dolby Vision video recording, LiDAR sensor, and stainless steel body, but those seem like things that are easy to live without considering the price difference.The 6.1-inch OLED display has the same specifications as that of the iPhone 12 Pro Each annual iPhone announcement is usually one of the most-hyped events of the year, even though there’s very little that’s actually revolutionary or even surprising about smartphones anymore. The iPhone 12 is one of four models announced by Apple this year, and is in many ways the least remarkable. It doesn’t have top-end flagship cameras or a brand-new LiDAR sensor like the iPhone 12 Pro and iPhone 12 Pro Max, and it doesn’t introduce a new size category that defies industry trends, which is where the iPhone 12 mini comes in.The plain, middle-of-the-road iPhone 12 is however set to be Apple’s bread-and-butter model for the next year, and could be extremely popular. Here are my first impressions.- Advertisement – First of all, the pricing. Storage options are 64GB, 128GB, and 256GB, and you’ll pay Rs. 79,900, Rs. 84,900, or Rs. 94,900 for them respectively. That’s quite a bit more than the iPhone 11 (Review) cost at launch time – Apple has moved the iPhone 12 up a tier, and you’ll have to settle for the smaller iPhone 12 mini if you were expecting the same prices. Launching soon, the iPhone 12 mini variants each cost Rs. 10,000 less for the same features and same amounts of storage.The iPhone 12 series introduces a significantly different (and heavily leaked) design style for the first time since the iPhone X. We now have a flat band running around the periphery of the phone rather than a curved frame. The corners are rounded but the front and back of the iPhone 12 meet its frame at 90 degree angles. There’s no curved-edge glass that flows into the metal and no chamfered or bevelled edges. It’s almost like the iPhone 5 generation, except even more minimalist.- Advertisement – You get the same Apple A14 Bionic SoC that the iPhone 12 Pro has, and also the same 6.1-inch 1170×2532-pixel OLED Super Retina XDR screen (but no 120Hz refresh rate), 12-megapixel front camera, IP68 rating, 17 hour claimed battery life, magnetic MagSafe wireless charging compatibility (though you’ll need to buy Apple’s own power adapter), and 5G (sub-6GHz) network support.Of course there are several highly capable Android devices that cost half as much and promise all the features you could possibly want. The Apple advantage will come down to iOS 14 integration, cameras, overall usability, and of course flaunt value.Do stay tuned to Gadgets 360 for a detailed review, coming up soon, in which we’ll dive into the iPhone 12’s features, build quality, software, performance, cameras, battery life, and much more. The iPhone 12 weighs 162g and is 74mm thick The look is pretty stark, and frankly even though it isn’t a huge change, the iPhone line did need a bit of freshness, and this serves the purpose. The sides don’t bulge outwards, which helps reduce bulk. The iPhone 12 is noticeably smaller in every dimension than the iPhone 11 and iPhone XR (Review), and also quite a lot lighter. It weighs 162g and is 7.4mm thick, compared to 194g and 8.3mm.If you’re worried that the flat sides make the iPhone 12 uncomfortable to hold, think again. The shape is a bit less organic, but the reduced bulk makes up for that. Owners of older iPhones will remember that corners like this are very easy to dent if the phone is dropped. Apple does promise reinforced glass on the rear and its new toughened Ceramic Shield material on the front, but you’re definitely going to want to buy a case. It also looks as though the edges of the aluminium frame could get chipped and scuffed over time.– Advertisement –