Business

Ghana Armed Forces trains stakeholders on Exclusive Economic Zone (EEZ) management

The Chief Executive Officer (CEO) of the National Petroleum Authority (NPA), Mr Hassan Tampuli, has stressed the need for Ghana to strengthen security operations within the maritime domain, especially within the… BusinessGhana Source: graphic.com.gh Speaking at the 14th Exclusive Economic Zone (EEZ) Management and Operations Course in Accra, Mr Tampuli said EEZ Management and Operations has assumed centre stage in maritime security and economic management in all coastal states and Ghana cannot afford to play to the… EEZ Course EEZ ... Read More »

Life cycle: is it the end for Britain’s dockless bike schemes?

Three major cycle-sharing companies have pulled out of Britain’s cities in just over a year. Can the schemes ever be sustainable? Niamh McIntyre and Julia Kollewe The Guardian Not so long ago, Chinese bike-sharing company ofo was planning to put 150,000 of its distinctive yellow bikes on London streets. Buoyed by $2bn of venture capital funding, ofo was going to “optimise city resources” and… Mobike, another Chinese start-up and ofo’s main competitor, was also apparently in the business of tech-altruism. Its journey data would ... Read More »

For Guernsey, free movement loss is a double whammy

After Brexit, residents will lose access to second homes on the Continent; businesses will lose access to EU labor. Eleanor Rose Politico LONDON — “I think the worst moment was going into the conservatoire the morning after,” said Peter Bourne, 21, of the 2016 Brexit referendum, which took place when he was studying music in Bordeaux, France. “I was faced with a load of French people who expected answers from me because I was ‘the English one,'” he said. “I had to ... Read More »

The AI Road to Serfdom?

Estimates of job losses in the near future due to automation range from 9% to 47%, and jobs themselves are becoming ever more precarious. Robert Skidelsky Project Syndicate Should we trust the conventional economic narrative according to which machines inevitably raise workers’ living standards? LONDON – Surveys from round the world show that people want secure jobs. At the same time, they have always dreamed of a life free from toil. The “rise of the robots” has made the tension between these ... Read More »

Estonia is running its country like a tech company

Estonia is often described as a genuinely digital society. Today a majority of government services are offered 24/7 online, and data integrity is ensured by blockchain technology. By Kersti Kaljulaid, President of Estonia Quartz You can use medical e-prescriptions, file taxes, or even buy a car online without needing to go to the vehicle registration office. There are only a few things that you still need to do in the analog world, such as get married or buy property. Why spend ... Read More »

The Eastern Mediterranean Gas Forum

A Lebanese perspective Energy ministers from Egypt, Cyprus, Greece, Israel, Italy, Jordan, and the Palestinian Authority took an important step toward establishing an Eastern Mediterranean Gas Forum (EMGF) on January 14, in Cairo. Mona Sukkarieh Executive According to the declaration that followed the meeting, the EMGF will, among other things, assist in the creation of a regional gas market, ensure the security of supply and demand, optimize resource development, facilitate the… The forum’s raison d’être is regional energy cooperation. Almost ... Read More »

GOM Region-Wide Sale to Offer 14,700 Blocks in Shallow, Deepwater

The Interior Department’s Bureau of Ocean Energy Management next month plans to offer 78 million acres for oil and natural gas prospecting in the Gulf of Mexico (GOM), basically all available unleased areas in federal waters. Carolyn Davis NGI Lease Sale 252, scheduled to be livestreamed on March 20 from New Orleans, is to include nearly 14,700 blocks that are three to 231 miles offshore, in the Western, Central and Eastern planning areas in water depths that are nine-to-11,115 feet. ... Read More »

Israel’s Leviathan Energy Prize: Where Will The Gas Go?

Israel is finally emerging as a natural gas player in the Mediterranean. In the last week of January, the Israeli Navy conducted a complex drill simulating attacks on the country’s offshore oil and gas infrastructure. Ariel Cohen Forbes The exercise included coordinated operations between dozens of naval vessels and aircraft, and even incorporated a live-fire missile test against an abandoned cargo vessel (imitating an enemy transport… Israel’s week-long “Raging Sea” operation comes on the heels of two joint military drills ... Read More »

Fund more lab-grown meat to fight climate change, experts tell EU leaders

Chatham House calls for official backing for high-tech food to cut greenhouse gas emissions Jane Dalton Independent Experts at an influential think tank are calling on EU leaders to back the expansion of more lab-grown meat to enable Europe to help tackle climate change. The Royal Institute of International Affairs, known as Chatham House, says new high-tech foodstuffs will be vital to the EU meeting its goals on climate change, human health and drug resistance. Animal agriculture is a significant driver of carbon dioxide ... Read More »

New areas in Crete made available for hydrocarbon explorations

The Hellenic Managing Authority for Hydrocarbons is launching the process that will make new areas available for the exploration and production of hydrocarbons in the maritime area south of… Nefeli Tzanetakou ibna These are maritime plots that had remained unassigned in previous concessions and whose data and been reassessed and enriched. In any case, it is expected that the same successful model will be applied, which has mobilized the investment interest of major oil companies, such as French Total, American ... Read More »

Russia to China: Together we can rule the world

Only Europe can prevent an Eastern bloc. Bruno Maçães Politico Europe’s obsession with Russia is unrequited. Moscow just isn’t interested in the Continent anymore. It doesn’t care about European integration, or moving toward Europe. But neither is it interested in Europe’s predicted disintegration, or in pulling countries away from the West and closer to its way of thinking. In the halls of the Kremlin these days, it’s all about China — and whether or not Moscow can convince Beijing to ... Read More »

Tough Policing is Restoring Indonesia’s Fisheries

Five years ago the world’s most populous archipelago nation started taking action against the decimation of its fish stocks. Indonesia’s waters were being plundered by vessels from nearby countries, particularly China and… By China Dialogue Ocean [By Nithin Coca] When Susi Pudjiastuti became minister of fisheries and maritime affairs in 2014, she began dramatically curbing this practice of illegal, unreported and unregulated (IUU) fishing. A report last year found a more than 80% drop in foreign vessels fishing in Indonesian waters, as well ... Read More »

White-collar crooks face up to 15 years in jail under new penalties

Banking executives face up to 15 years in jail under tough new laws to stamp out white-collar crime as the corporate regulator prepares to crack down on misconduct in the sector. Sarah Danckert The Sydney Morning Herald On Friday, the Senate passed a long-awaited bill that drastically increases the penalties for white-collar crime. Australian Securities and Investments Commission’s deputy chairman, enforcement, Daniel Crennan, QC, welcomed the passing of the bill on Friday. “Now ASIC will be in a position to ... Read More »

Egypt says “NO” to East Med

An unequivocal “no” from Egypt received the East Med gas pipeline. Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla, in an interview with the Cyprus News Agency, said he was opposed to the transportation of gas from East Mediterranean to Europe via the East Med pipeline. Nefeli Tzanetakou ibna He even justified his position by saying that the feasibility study for this project would last up to two years, which in itself is a luxury the region of ... Read More »

The US and India are heading for a showdown on trade

New Delhi (CNN Business)The United States is trying to negotiate an end to its trade war with China, but tensions with another big economy are rising. By Rishi Iyengar, CNN Business US Secretary of Commerce Wilbur Ross was due to visit India for talks on Thursday as storm clouds gather over a trading relationship worth about $125 billion a year. He canceled his trip late Wednesday. “Due to inclement weather, technical problems that led to the cancellation of his flight, and other ... Read More »

Flood-affected farmers witness entire cattle herds wiped out by catastrophic deluge

Warning: Graphic content When rain started falling in Queensland’s west, drought-stricken farmers cried happy tears — but that emotion quickly turned to heartbreak. News Pty Limited — With AAP Farmers who managed to keep their cattle alive for seven years, through one of Australia’s worst droughts in history, have watched their herds wiped out in a matter of days after unprecedented floods devastated much of Queensland. If the cattle have not drowned or frozen to death in the elements, devastated farmers ... Read More »