Newsum warns on lease laws

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Shell to sell its stake in Thai gas field

first_imgThe Hague-based LNG giant Shell said on Wednesday that it will sell its stake in the Bongkot gas field and adjoining acreage offshore Thailand to PTT Exploration & Production (PTTEP) for $750 million before tax.The transaction is expected to complete in the second quarter of 2018, Shell said in its statement.“Shell’s decision to divest remains driven by our strategy to sell non-core assets in order to re-shape Shell into a simpler, more resilient and focused company. This sale takes Shell a step closer to its divestment target of $30 billion,” it said.The agreement is for Shell’s stake in Blocks 15, 16 and 17 and Block G12/48. Following the completion of this transaction, PTTEP’s stake in Bongkot will increase to 66.6667%, with the remaining 33.3333% owned by Total. PTTEP is the current operator of Bongkot.last_img read more

Game Day Preview: Indianapolis Colts at Pittsburgh Steelers

first_imgDEFENDING J. J. WATT—Several Steelers offensive linemen try to keep J. J. Watt away from the quarterback. (Courier Photo by Julio Torres)The Steelers improved to 4-3 last week and now face one of the best teams and best quarterbacks in the NFL when Andrew Luck and the Indianapolis Colts visit on Sunday afternoon.The Colts have been on a roll after losing their first two games to open the season and are favored by three points over the Steelers, at Heinz Field. That’s how far the Steelers have fallen, they are underdogs at home.The black and gold really want to get that 5th win to keep them alive in the playoff chase at the midway point. Do they have what it takes?Here are the Keys to A Steelers Victory:•    The best defense is a ball control offense. The Colts have a very potent offense and with Andrew Luck leading them, they are easily capable of putting up 30 points.  The Steelers must control the clock with their offense to keep the Colts off the field. That means LeVeon Bell and LaGarret Blount must get several carries and several yards to go with them.2. The defense must pressure luck and actually get into the backfield. If not, it will be a LONG day for the secondary.3. Special team sare going to need to make a big play. Antonio Brown may need to return a punt for a TD or the kicking team needs to force a turnover. Either way, special teams will be a key to victory.4. In a game against a quality opponent like the Colts, the penalties must be at a minimum. The black and gold cannot afford to provide the Colts with any extra yards.Here are a Few Things to Watch:•    Martavis Bryant-He made his NFL debut last week and he immediately made an impact by stretching the field and scoring a TD. How will he be used this week.2.  Trick Plays-Will the Steelers break one out as they did against the Texans with the Brown to Moore TD pass?3. Cortez Allen-He’s lost his starting job but with the Colts air attack he’ll need to play multiple downs and he will need to step up and make a play.4. Lawrence Timmons-He’s still the best player on the defensive side of the ball and I look for him to get close to 10 tackles and lead the young guys along with it.Mike Pelaia hosts the website Steel Nation Association www.steelnationassociation.com- Covering the Steelers and helping Children’s Hospital All Day Everyday. You can e-mail him at mike@steelnationassociation.com.last_img read more