News Article | February 28, 2017
DUBLIN--(BUSINESS WIRE)--AerCap Holdings N.V. (“AerCap”) (NYSE: AER) today announced the delivery of a new Airbus A350-900 to Air Caraïbes, the first of three new A350 aircraft deliveries on long-term lease from AerCap’s order book with Airbus. The aircraft was transferred to the French carrier at a ceremony in the Airbus Delivery Centre in Toulouse, attended by Philip Scruggs, President and Chief Commercial Officer of AerCap, Jean-Paul Dubreuil, Chairman of the Supervisory Board of Air Caraïbes, and Marc Rochet, Chairman of the Managing Board of Air Caraïbes, amongst other delegates. A second A350-900 aircraft is scheduled for delivery to Air Caraïbes in March 2017. AerCap has one of the largest Airbus A350 XWB portfolios with a total of twenty-nine owned and on order, delivering through 2019. AerCap President and Chief Commercial Officer Philip Scruggs said, “AerCap is proud to deliver the first A350 aircraft to Air Caraïbes. Air Caraïbes will be the first French airline to operate the A350. The aircraft will offer Air Caraïbes greater capacity, increased range and superior operational efficiency. We look forward to continuing our successful relationship with Air Caraïbes.” Air Caraïbes’ Chairman of the Supervisory Board, Jean-Paul Dubreuil said, “We have been working with AerCap, and previously with ILFC, for over 14 years. They helped us launch our first transatlantic services in 2003 and 2004, by providing two Airbus A330 aircraft, on lease agreements. Our decision to invest in the A350 XWB was down to the competitive positions provided by AerCap.” As a scheduled French airline and specialist in the Caribbean, Air Caraïbes employs close to 900 people. In 2016, the subsidiary company of the Dubreuil Group, transported 1,395,000 passengers. Air Caraïbes operates flights from Paris Orly South to Guadeloupe (Pointe-à-Pitre), Martinique (Fort-de-France), French Guyana (Cayenne), Haiti (Port-au-Prince), Saint-Martin (Juliana), the Dominican Republic (Santo Domingo and Punta Cana – in code-share with French Blue for this destination), the Bahamas - and Cuba (Havana and Santiago de Cuba). The airline has also set up the schedules of its regional network so as to offer passengers from mainland France fast connections to all its Caribbean destinations. More information: www.aircaraibes.com. AerCap is the global leader in aircraft leasing with, as of December 31, 2016, 1,566 owned, managed or on order aircraft in its portfolio. AerCap has one of the most attractive order books in the industry. AerCap serves approximately 200 customers in approximately 80 countries with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and has its headquarters in Dublin with offices in Amsterdam, Los Angeles, Shannon, Fort Lauderdale, Miami, Singapore, Shanghai, Abu Dhabi, Seattle and Toulouse. This press release contains certain statements, estimates and forecasts with respect to future performance and events. These statements, estimates and forecasts are "forward-looking statements". In some cases, forward-looking statements can be identified by the use of forward-looking terminology such as "may," "might," "should," "expect," "plan," "intend," "estimate," "anticipate," "believe," "predict," "potential" or "continue" or the negatives thereof or variations thereon or similar terminology. All statements other than statements of historical fact included in this press release are forward-looking statements and are based on various underlying assumptions and expectations and are subject to known and unknown risks, uncertainties and assumptions, and may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied in the forward-looking statements. As a result, we cannot assure you that the forward-looking statements included in this press release will prove to be accurate or correct. In light of these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this press release might not occur. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events or otherwise. For more information regarding AerCap and to be added to our email distribution list, please visit www.aercap.com and follow us on Twitter www.twitter.com/aercapnv.
News Article | February 22, 2017
CALGARY, ALBERTA--(Marketwired - Feb. 22, 2017) - Chinook Energy Inc. (TSX:CKE) ("Chinook" or the "Company") today clarified the recent Alberta Energy Regulator ("AER") Pipeline Performance Report (the "Report") published on the AER's new webpage www.aer.ca/data-and-publications/pipeline-performance and laid out a balanced set of facts as a result of the punitive and inaccurate rating imposed on Chinook by the AER's calculations contained in the Report. On February 21, 2017, the AER launched a new webpage summarizing pipeline safety, incidents and industry performance for all operators in the province over the past two years on which the Report was published. Chinook wishes to commend the AER on this initiative and is supportive of the improved pipeline performance mandate and the added public disclosure of safety and environmental incidents. During 2016, Chinook had one reportable pipeline incident. The incident was classified as "low consequence" and involved a sweet low pressure natural gas pipeline leak during annual pressure testing at its Granlea property in southern Alberta. Chinook no longer owns or operates the Granlea property. Chinook completed the disposition of the majority of its producing properties in Alberta during 2016, resulting in it owning only 19.5 kilometres of pipeline under licence in Alberta as at year end. It was this 19.5 kilometre number that was used in the AER published ratio of "incidents per 1,000 kilometres of pipeline", unfavourably exaggerating the resulting data in light of the fact that the singular incident reported by Chinook was on a segment of pipe no longer owned by the Company at year end. At the time of the incident, and prior to its divestiture of its non-core Alberta properties, Chinook had approximately 1,300 kilometres of total pipeline under licence and approximately 880 kilometers of operating pipeline in Alberta. Had the AER's pipeline reporting analysis been calculated at the time of incident, Chinook would have scored a 0.8 incident factor per 1,000 kilometres of total pipeline, in comparison to the 52.4 incident factor reported by the AER in the Report. It is also notable that Chinook operates greater than 650 kilometres of pipeline in British Columbia with no reportable incidents in 2015 or 2016. Chinook's board of directors, management and staff would like to reaffirm to its shareholders that the Company's commitment to all safety and environmental matters is a top priority at Chinook. Chinook is a Calgary-based public oil and natural gas exploration and development company which is focused on realizing per share growth from its large contiguous Montney liquids-rich natural gas position at Birley/Umbach, British Columbia.
Aer | Date: 2012-07-27
The present invention relates to a speed measurement system allowing the relative speed V of a moving body in relation to an ambient air mass to be measured independently of the atmospheric conditions, the moving body being designed to move at least at subsonic and transonic speeds. The speed measurement system comprises:
News Article | March 1, 2017
Yes, energy companies are bailing on Canadian tar sands oil. The latest to pull back is Royal Dutch Shell, which just let word slip that it will probably not expand its operations in Canada. ExxonMobil and Chevron recently went a step farther and wrote down their tar sands reserves, as did Norway’s Statoil last year. Even Koch Industries appears to have one foot out the door. That’s a significant development considering that the company has been among the top leaseholders in the tar sands oil field. Before you do a happy dance about Shell and tar sands oil, there are a few caveats. First, according to our friends over at Fuel Fix Shell has not yet come to a final decision about whether or not to expand its operations in Canada. It seems likely to go in the direction of not, but the company may be holding back to see if prices recover after others pull out. Second, Shell does have existing tar sands operations that it describes as “cash engines,” and those are likely to continue, at least into the near future. Shell could also up its involvement in other unconventional fossil energy operations, namely deep-water and shale drilling. To underscore the risks involved in those fields, consider BP’s Gulf oil spill disaster and the growing pile of evidence over the consequences of oil and gas fracking. However, the main point is that Shell and other companies are transitioning out of an energy field that has been widely described as a carbon bomb. For the record, Shell is getting into the wind power field as part of that transition. Statoil has also been pulling in more wind energy. On the other hand, Chevron bailed on its renewables division back in 2014, and ExxonMobil is…well, ExxonMobil. Last week in a blog post, the company’s new CEO suggested that algae biofuel could be a “game changer,” but that’s a long way off. Back in 2012, Inside Climate News documented a history of more than 50 years’ worth of involvement in the Canadian tar sands field on the part of Koch Industries. By extension, that includes an interest in the success of the Keystone XL tar sands oil pipeline. However, Koch Industries may not be immune to the tar sands slump. Last December, our friends over at Oil Price took a look at the Koch picture and came up with this: Koch Industries Inc. has become the latest in a long line of companies to move away from the Canadian oil sands, stating that it wants to pull out of a project in the Muskwa region. Previously the third largest leaseholder in the sector, Koch Industries cited both economic and regulatory uncertainties as the reason behind its decision. If you caught that thing about “regulatory uncertainties,” that refers to the movement to establish a federal carbon tax in Canada. To be clear, Oil Price notes that the “mass exodus from Canada’s oil sands” started long before the carbon tax movement began gathering steam, due to the global downward slide in oil prices: Regardless of the environmental impact, the high capital investment required and the low quality of oil produced makes the oil sands an economically challenging sector. Prices have been slowly recovering from their downturn, but Oil Price predicts that the regulatory environment, and pressure from environmental stakeholders, will continue to push down interest in the tar sands field. Well, that was last December. As it turns out, Oil Price was on to something when it conjectured that the Muskwa lease fell victim to economic fundamentals, not over-regulation. In January 2017, Canada’s National Observer took a dive into the Koch decision to cancel the $800 million tar sands lease in northern Alberta. National Observer came up with a letter to Alberta regulators from the Koch Oil Sands Operating subsidiary, in which the company blamed excessive regulation for its decision: “…The longer term risk of the project is further burdened with regulatory uncertainty around the Climate Leadership Program and its potential impacts on the project, from carbon tax to the emissions cap, both recently legislated by the Alberta government.” The letter gave plenty of ammo to the opposition party in terms of political positioning, but according to National Observer it was all hot air: In their public statements, neither they, nor Koch Industries mentioned that only two days after the withdrawal — very quietly — Koch Oil Sands Operating ULC filed an application to the AER for a brand new oilsands project near Bonnyville, Alta. Upon closer examination, National Observer pinpoints the primary rationale for cancelling one lease and entering into another: infrastructure. The Muskwa lease was in a remote area and would have cost “substantially more” than similar projects that are already located near roads, power lines and other vital infrastructure. When oil prices were going through the roof, it made financial sense to invest in new infrastructure, but that was then. Here’s an expert cited by National Observer: “The reality is that while this project may have made some economic sense under higher oil prices… with the expectation of oil prices now much more moderate, it really doesn’t make financial sense.” In contrast, the new project is in a developed region. Also helping to keep costs under control is the involvement of an experienced Canadian partner, Pengrowth Energy. Count Canadian tar sands oil down, not out. Follow me on Twitter and Google+. Buy a cool T-shirt or mug in the CleanTechnica store! 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News Article | February 17, 2017
CALGARY, ALBERTA--(Marketwired - Feb. 17, 2017) - Members of the media are invited to attend a technical briefing to learn about the Alberta Energy Regulator's new approach to reporting on industry performance, which will include pipeline performance results from 2015 and 2016. Representatives from the AER will be available for comment. A live webcast will be available for media who are unable to attend. To participate in the webcast, please email email@example.com, before 12:00 p.m. on Tuesday, February 21. AER will provide login information for the webcast upon registration.
News Article | February 15, 2017
CALGARY, ALBERTA--(Marketwired - Feb. 14, 2017) - Members of the media are invited to a briefing on corporate enforcement action taken by the Alberta Energy Regulator (AER). Representatives from the AER will be available for comment. A live audiocast will be available for media who are unable to attend. To register, please RSVP before 9 a.m. on Wednesday, February 15. Upon registration, a web link to the audiocast and instructions for submitting questions during the technical briefing will be provided.
News Article | February 23, 2017
CALGARY, ALBERTA--(Marketwired - Feb. 23, 2017) - The Alberta Energy Regulator (AER) has released new requirements for heavy oil and bitumen operators in the Peace River area to control emissions of gas that contribute to offensive odours. The requirements are set out in Directive 084: Requirements for Hydrocarbon Emission Controls and Gas Conservation in the Peace River area. Directive 084 bans routine venting during the production of heavy oil, places strict limits on flaring, ensures that gas leaks are detected and repaired quickly, and prevents odours and emissions when heavy oil is transferred from tanks to trucks. Directive 084 was developed in response to the Report of Recommendations on Odours and Emissions in the Peace River Area, which followed a three-week inquiry in early 2014 that examined odours and emissions from heavy oil operations in the Peace River area. This inquiry resulted in 20 recommendations to the energy regulator and Government of Alberta. Over the past two years, the AER has made significant changes in the Peace River area, with more frequent inspections and more interaction with the community. The Alberta Energy Regulator ensures the safe, efficient, orderly, and environmentally responsible development of hydrocarbon resources over their entire life cycle. This includes allocating and conserving water resources, managing public lands, and protecting the environment while providing economic benefits for all Albertans. The Alberta Energy Regulator has brought in strict requirements for heavy oil producers in the Peace River area. The new directive was developed in response to a 2014 inquiry held in the community to address odours and emissions. The new rules give the AER enforcement tools to ensure that operators conserve at least 95 per cent of gas that would normally be vented, flared, or incinerated.
News Article | February 27, 2017
Ian Page, Chief Executive Officer: "Our core portfolio continues to grow, the enhanced product pipeline is delivering new products and good progress has been made on the rationalisation and integration of our recent acquisitions." The Group has performed strongly throughout the first six months of the financial year ending 30 June 2017 (the Period). This result has been driven by a solid revenue performance in our core businesses, good market penetration from recently launched pipeline products and a strong performance from our recent acquisitions. The operating profit performance has been enhanced by the successful rationalisation and integration of these acquisitions, prudent cost control in our core businesses and a significant favourable foreign exchange tail wind. - Total Group revenue of £172.6 million, a growth of 34.7% at Constant Exchange Rate (CER) (55.9% at Actual Exchange Rate (AER)). - Core (excluding acquisitions) European Pharmaceuticals (EU Pharmaceuticals) Segment revenue growth of 5.9% at CER (20.0% at AER). - Core North American Pharmaceuticals (NA Pharmaceuticals) Segment revenue growth of 10.2% at CER (31.7% at AER). - Sales growth across all product groups; Companion Animal Products (CAP), Food producing Animal Products (FAP), Equine and Diets. - Underlying operating profit increased by 28.6% at CER (47.1% at AER). - Net cash inflow from underlying operating activities of £43.9 million with a cash conversion of 124.0%. The Group continues to perform well with current trading meeting management expectations. Our core portfolio continues to grow, the enhanced product pipeline is delivering new products and good progress has been made on the rationalisation and integration of our recent acquisitions. The Board therefore remains confident in our strategy, our future prospects and our expectations for full year performance. To read the 2017 Half Yearly Report in full please visit http://www.dechra.com All growth rates for both underlying and reported financial results included in the Dechra report are at CER, unless otherwise stated. This shows the year on year growth rates as if exchange rates had remained the same as in the previous year. The Group presents a number of non-GAAP Alternative Performance Measures (APM's). This allows investors to understand better the underlying performance of the Group, by excluding amortisation of acquired intangibles and impairment (if any) of acquired intangibles, acquisition expenses, fair value of uplift of inventory acquired through business combinations, rationalisation costs, loss on extinguishment of debt, and fair value and other movements on deferred and contingent consideration. EBITDA is defined as underlying earnings before interest, tax, depreciation and amortisation.
News Article | February 21, 2017
CALGARY, ALBERTA--(Marketwired - Feb. 21, 2017) - A new Alberta Energy Regulator (AER) report designed to improve industry performance provides detailed information on how pipeline operators are performing compared with their peers across Alberta. The Pipeline Performance Report-focusing on 2015 and 2016 pipeline incidents-is the first in a series of reports the AER is releasing to increase transparency and enhance industry accountability for their performance. "This new way of reporting on industry performance provides greater transparency and will drive increased industry accountability," said Jim Ellis, the AER's president and CEO. "As the province's regulator, it's important that we provide Albertans with a better understanding of how pipeline safety is being managed." Over the past 10 years, pipeline incidents fell by 44 per cent as the length of pipelines grew by 11 per cent. This drop is a result of better industry education, improved inspection programs, and a greater focus on pipeline safety within the energy industry. The Pipeline Performance Report reveals that pipeline incidents in Alberta declined by three per cent in 2016 to 460, compared with 473 in 2015. It also shows that 93 per cent of pipeline incidents in 2016 had low-to-medium consequences in terms of public, wildlife, and environmental impacts, while 61 per cent released less than one cubic metre of volume. "Ultimately we believe every pipeline incident is preventable and operators must continue to focus on regulatory compliance, good pipeline management, and incident prevention," said Kirk Bailey, executive vice-president of Operations. "By sharing this information and putting increased focus on operators with poor performance, we are protecting what matters to Albertans-public safety and the environment. This report is part of the AER's industry performance program, which launched last year to measure, evaluate, and report on energy development activities that the AER regulates, and to help improve operator performance. Additional performance reports will be released in the coming months. The Alberta Energy Regulator ensures the safe, efficient, orderly, and environmentally responsible development of hydrocarbon resources over their entire life cycle. This includes allocating and conserving water resources, managing public lands, and protecting the environment while providing economic benefits for all Albertans. Editor's note: Visit aer.ca to see a Pipeline Performance Report infographic. Stock photos are also available for use and can be found in the media centre section of the website. Pipeline incidents continue to decline, showing a reduction of three per cent in 2016 compared with 2015, according to a new report on pipeline performance issued today by the AER. The report is the first of a series of industry performance reports the regulator is releasing to provide more transparency and to hold operators more accountable for their actions.
News Article | February 27, 2017
The accounts offer highly competitive rates of interest and the Society is the only major high street provider to offer a five year Bond/FRISA. The new rates for annual interest are: The rates are available for balances of £1 or more and monthly interest options are available on all Bonds/FRISAs for those who prefer to get a regular income from their savings. The FRISAs also accept transfers in, so customers can move ISA balances from other providers. The accounts can be opened in branch while existing members can also open the account online or via the Nationwide mobile banking app. For customers who want a shorter term product, the Society also has a range of competitive one and two year Fixed Rate Bonds and FRISAs. Tom Riley, Nationwide’s Head of Savings, said: “We know many of our members like the reassurance of a guaranteed interest rate over a longer period of time so they don’t need to keep moving their money. “The launch of our new three and five year Fixed Rate Bonds and ISAs means we have a full range of terms available for those savers who prefer to put away their money for a set period of time in return for a competitive rate. It is another demonstration of how we continue to offer long term value to our members.” AER stands for Annual Equivalent Rate which illustrates what the interest rate would be if interest were paid and compounded once each year. The gross rate of interest is the interest rate payable before any income tax is deducted. Full details of all Nationwide’s cash ISAs can be found at: http://www.nationwide.co.uk/products/isas/isas