Accountancy rules: accounting for change

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FuelCell Energy sells cells in South Korea

first_imgSubscribe Get instant access to must-read content today!To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.Don’t just stay connected, stay at the forefront – join gasworld and become a subscriber to access all of our must-read content online from just $270.last_img

SeeByte Delivers SeeTrack Military V4 Software (UK)

first_imgSeeByte, a provider of smart software for unmanned maritime systems, has launched the SeeTrack Military V4.SeeTrack Military, now in use by 19 world navies, is to benefit from improved capabilities. These capabilities include the ability to concurrently plan and monitor multiple missions for multiple assets from a single shared user interface. It also allows a user to post-process and store the data in a shared database and visualise it in both GIS and sensor specific displays. The software is built using a Service Orientated Architecture and provides users a simple software development kit.Operators are able to operate and integrate new AUVs, diver hand-held systems, ROVs and towfish sonars using a common interface. Military users are offered simple to use and powerful contact management databases compatible with popular tactical decision level software suites. Compatibility with Version 3 of the software is preserved.Jon Wood, director of SeeByte Inc, said, “I am really looking forward to showing our customers the new software at our stand in Liverpool. This next version of the software sets the bar very high indeed. We have worked closely with many navies and operators and we have listened carefully to their wants and needs. I am happy to say we have delivered!”SeeTrack Military is an open-architecture platform solution for rapid on-site analysis and data fusion that can be easily adapted for specific user needs. Developed as a mission-planning, monitoring, post-processing and reporting tool, this software technology has been successfully deployed on numerous surveys, military and security operations and scientific experiments.Press Release, June 03, 2014last_img read more

Woodside: Scarborough field FID by 2020

first_imgAustralia’s Woodside Petroleum has informed that the final investment decision for the undeveloped Scarborough fields offshore W. Australia could be expected by 2020.To remind, Woodside acquired a 25 percent stake in the field from BHP Billiton in the fourth quarter of 2016.Scarborough, discovered in 1979, is located off the coast of Western Australia approximately 220 kilometers northwest of Exmouth in 900 meters of water. It is one of the most remote of the Carnarvon Basin gas resources.In its operational update on Thursday, Woodside said that it had started work with the Scarborough field Joint Venture to progress towards commercialization of the Scarborough area resources.ExxonMobil’s affiliate Esso Australia Resources Pty Ltd is the operator and owner of 50% of the Scarborough gas field in a joint venture with BHP Billiton (25%) and Woodside Petroleum (25%).“Consistent with retention lease obligations, the development is positioning to support FEED readiness in 2018 and a FID by 2020,” Woodside said on Thursday.According to information disclosed by ExxonMobil, the economic development of Scarborough includes several challenging factors such as location, water depth, resource characteristics, execution complexities and the current LNG market.The development concept is yet to be decided on, and according to a piece of information found on ExxonMobil’s website Floating LNG is considered the best development option based on a balance of economic, environmental and social considerations. However, there is also a tieback option to one of the existing onshore LNG facilities.Back in 2013, Exxon and BHP Billiton had received the environmental approval for the Scarborough field development via what was to be the world’s largest FLNG facility. The FID had been slated for 2014-2015, but the collapse in oil prices then forced the partners to pull the breaks on the project.Offshore Energy Today Stafflast_img read more

New transport solution for 2 MW nacelles

first_imgEach generator – or nacelle as it is more commonly known in the windpower business – makes its way through the production process on a so-called ‘base frame’ which is subsequently coupled to a tractor trailer unit and transported.Vestas developed the ‘base frame’ to reduce the costs of its internal logistics, and subsequently asked Nooteboom to develop the best transport solution for it which uses load floor adaptors and a load floor that can be coupled to them.Based on the Vestas ‘base frame’, Nooteboom Special Products’ solution makes it possible to load or unload the 2 MW nacelles without a mobile crane. By integrating the flexibility in the coupling of the load floor, loading and unloading becomes possible even on wind turbine locations where there is very little room to manoeuvre.last_img read more

Volumes up at north German ports

first_imgThe port marketing organisation said that the handling and storage of wind energy components, forest products and automobiles, as well as agricultural products, made a positive contribution to the results.A decline in the number of containers handled contributed to a two percent reduction in the tonnage of general cargoes handled to 7.05 million tonnes.Inke Onnen-Lübben, managing director of the Seaports of Niedersachsen: “In value-added business areas such as the handling and storage of over dimensional products, agricultural products and project cargoes, we see good developments in several locations.”An official statement released by Seaports of Niedersachsen revealed that around EUR65 million was invested last year by the handling companies and local industry in the nine seaports.HLPFI understands that investment of a further EUR80 million is planned this year in expanding and maintaining the state’s seaports. Projects are being prepared and implemented in the ports of Brake, Cuxhaven, Emden and Wilhelmshaven. From left to right: Holger Banik, managing director of Niedersachsen Ports; Olaf Lies, Lower Saxony’s Minister for Economics, Labour and Transport; Inke Onnen-Lübben, managing director Seaports of Niedersachsen; and Folker Kielgast, managing director Niedersachsen Ports. www.seaports.delast_img read more

Nik Rabinowitz at the Baxter

first_img■ Nik Rabinowitz presents Fortyfied at the Baxter Theatre from Tuesday December 6 to Saturday January 14 next year. Nik has just turned 40 and is on the verge of a midlife crisis, except that apparently 40 is the new 30, so now he’s not sure when to have the crisis, which is a crisis in itself. He’s also just had a third baby – so really, he can’t have a midlife crisis – there’s no time. In the meantime, while he’s figuring all this out, he’s decided that instead of buying a Ferrari and abandoning his family, he’s going to put on another one man show. In Fortyfied, as in most of his previous shows, Nik explores a variety of subjects. Comic Yaaseen Barnes is the opening act in Fortyfied. Tickets cost from R100 to R150. The show on New Year’s Eve is at 10.15pm with tickets at R255. Book through Computicket.last_img read more

Conveyancers need to ‘raise their game’, association warns

first_imgConveyancers will need to ‘raise their game’ in what will be a challenging year, a major trade body has warned.Announcing today its aims and ambitions for the new year, the Conveyancing Association believes solicitors will have some obstacles to overcome in 2016.These include a ‘very busy’ quarter-one period as buy-to-let landlords and second-home purchasers attempt to beat the 3% rise in stamp duty land tax, announced by the chancellor in the autumn. It comes into effect in April.Regulatory changes could also mean a further opening up of the conveyancing market, allowing major brands to look at the provision of conveyancing services.Association chair Eddie Goldsmith (pictured) said there was ‘no doubting’ that the government was looking to make the house-buying process more ‘consumer-friendly’.‘Therefore, as an industry, we have to expect and welcome greater competition and make sure we raise our game in order to offer better service levels to all.’Looking ahead, the association has developed a ‘work plan’ to cover ‘key’ industry developments, including the second edition of its conveyancing protocol, and a a new cybersecurity and property fraud protocol.Goldsmith said there was ‘no doubting in our mind that we have the potential to develop a much more user-friendly conveyancing experience for all and we are working in a number of areas to develop this.‘The prime minister recently suggested that 2016 would be a ‘game changer’ for the UK and it is our aim at the association to ensure the same will be said for the conveyancing industry in the months ahead’.last_img read more

Male and white Supreme Court aims to open up

first_imgThe president of the Supreme Court has announced measures to help boost diversity at the UK’s highest court when competition opens for several positions due to fall vacant over the next few years.Speaking tonight, Lord Neuberger confirmed that he plans to retire next year, as will Lord Clarke.Three more Supreme Court justices reach retirement age in 2018: Lord Hughes, Lord Mance and Lord Sumption.Lord Toulson retired last summer, meaning that the court will have lost half of its justices, Neuberger said.Over the past decade, all SC justices selected have been male, white and predominantly privately educated. Just one is female – Lady Hale – and she sits alongside ten white men. While two of the eleven were not privately educated, none of the justices are from a disadvantaged background.Speaking during a talk at Inner Temple, Neuberger set out new measures to make sure that as ‘wide a range of candidates as possible’ are considered to fill the vacancies.These include a ‘familiarisation’ scheme to attract candidates thinking of applying and the possibility of judges working flexibly or part-time.There will also be an ‘equal merit’ test and a range of outreach exercises to attract candidates from diverse backgrounds.The court will also publish a policy on implementing the new ‘equal merit provision’ and set out guidance on flexible working in the job information pack.The court will redesign and reword the advertisement of judicial vacancies to appear in a range of publications, and work with groups including the Law Society and the Bar Council.‘I would expect wide advertising in print and online when the vacancies become available, with a redesigned advert stressing the fact that the Commission encourages applications from the widest variety of those eligible,’ Neuberger said.Lord chancellor Liz Truss said it is right that such a ‘crucial institution’ taps into all the talents of the country.‘That is why I wholeheartedly support the steps the court is taking to introduce a more flexible and open appointment process for Supreme Court judges. I urge people with the right qualities from all backgrounds to apply for these important positions,’ she added.The new posts will be advertised in tranches of two or three at a time, beginning with three early in the new year. If a president is appointed from the current cadre, a fourth position will open up. A further six judges are due to reach retirement age by 2020.last_img read more

Chibok school girls kidnapper sentenced to 20 years in prison

first_imgNigeria Chibok Girls Await A second man has been jailed for his part in the mass kidnapping of more than 200 schoolgirls in Chibok, northeast Nigeria, more than four years ago, the government said on Thursday.Banzana Yusuf, from the northern state of Kano, was sentenced to 20 years in prison for “planning and kidnapping” the students, a statement said.No further details were given about his age, identity, the exact charges, the circumstances of his arrest or what was said in court.The first conviction was in February, when Haruna Yahaya, 35, admitted involvement in the abduction and was given two 15-year jail sentences.Both Yahaya and Yusuf were among 1,669 Boko Haram suspects brought before four special civilian courts at a military barracks in Kainji, in Niger state.A total of 276 girls were abducted from the Government Girls Secondary School in Chibok on April 14, 2014. 57 escaped in the immediate aftermath.Since then, 107 have either been found or released as part of a government deal with the jihadists.Nigeria has been criticised for arbitrarily arresting civilians in the remote northeast and holding them, often in unsanitary conditions, for years without access to lawyers.Trials began last October but with the media and public banned from attending, prompting fresh criticism about due process.The media has had to rely on government statements, although it was briefly allowed to observe proceedings in February.The resumption of cases on Monday and Tuesday was not announced beforehand.Yusuf was one of 113 people convicted and sentenced on charges including membership of a proscribed organisation, supporting Boko Haram and participating in acts of terrorism.Others sentenced included a Boko Haram leader and a commander’s wife, who was arrested with her two children as they headed to the group’s Sambisa Forest hideout.Some were released because of time already served. Others were handed sentences of up to 30 years with hard labour.A total of 240 people have now been convicted in connection with the insurgency, according to government statements since October.The latest statement said 111 people were either acquitted or had their cases dropped because of lack of evidence.That takes to 1,054 the number of people who have been freed, which will likely strengthen the argument of critics who say they should not have been detained in the first place.Related Campaigners push Buhari to rescue Chibok girlscenter_img Have Chibok School Girls Been Forgotten? last_img read more

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