Jordan makes gas discovery in Risha field near Iraq border


first_img New gas discovery made in the Risha gas field. (Credit: Terry McGraw from Pixabay) Jordan’s majority state-owned National Petroleum Company (NPC) has reportedly made “promising” new gas discovery in the Risha gas field located along the country’s eastern border with Iraq.Jordan Minister of Energy and Mineral Resources Hala Zawati was reported by Jordan Times as saying that the Well 53 drilling in Risha gas field has shown “promising results”.Zawati was by Reuters as saying: “It has shown promising results..the efforts had resulted in the flow of new gas supplies that would raise the productivity of the gas field.”However, the potential production capacity of the new discovery would be announced by the end of this year following assessment, Zawati noted.The drilling and exploration remain ongoing in wells 50, 51, and 52 in the same area.The Risha field contributes to nearly 5% of the country’s natural gas consumption of around 350 million cubic feet (mcf) per day for power generation, officials told Reuters.During a press briefing, Zawati noted that the latest discovery is the result of Royal directives that were translated into the 2020-2030 comprehensive strategy.The strategy aims to increase the domestic power generation to 48.5% of the total consumption in 2030, from 15% in 2019, said Zawati.Jordanian officials believed that exploration and drilling at the Risha field would result in the discovery of extensive recoverable gas reserves that would in turn help in reducing dependence on oil imports for the country.The country intends to diversify local energy sources by increasing investments in renewable and oil shale in order to reduce fuel imports. The country intends to diversify local energy sources by increasing investments in renewable and oil shalelast_img read more

Credit union industry stats and performance trends: Q2 2017


first_img 6SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The average ROA for all credit unions remained stable at 0.77%. The average ROA for the $500M+ asset category size was slightly higher at 0.88%. Overall net income trend showed improvement over last year (YTD) at $5.14B thru Q2. Keep in mind, 2016 was a record year for net income in the credit union industry, so, hopefully, that trend will continue the rest of the year. continue reading » Analyzing data is a critical component for planning for the future. has recently released their Credit Union Industry Statistics and Performance Trends Report for Q2 2017. I’d like to share some highlights of the report with you and your financial institution. There’s a lot of positives in the data below. Although the number of credit unions fell slightly, credit unions with $500M+ in assets grew slightly. Direct and indirect auto lending continues to be a bright spot and looks to be the greatest opportunity for growth for credit unions. We are also happy to see credit union membership continues to be on an upward trend.The overall number of credit unions (5,815) continues to shrink, although, the asset category size of $500M+ showed some slight growth in Q2.last_img read more

Leslie Black is GTT’s ‘Pink Warrior’


first_imgTHE Guyana Telephone and Telegraph Company (GTT) ‘Pink Warrior’ Leslie Black is a man of strength; strength that transcends beyond the physical and is embedded in his very spirit. It is this strength that Leslie uses to commit his time and his more than two decades of expertise as an athletics coach, to push both himself and others to success.Popularly knowns as ‘Blacks’, Leslie has dedicated much of his time to working alongside the Guyana Cancer Foundation and he declares that this is because it was something very close to his heart.In the year 2012, tragedy struck Leslie’s family when his daughter died from Stage Four cancer. His family had first become aware of his now late daughter’s illness when she had begun spitting up blood in 2008.She was taken to various doctors and specialists and began treatment soon after being diagnosed with the illness. Unfortunately, the cancer continued to spread, leaving the entire family devastated after her untimely death.Having had the experience of how cancer changes the lives of not only its victims but their loved ones as well, Leslie wants to encourage both men and women to ensure that they are getting their regular check-ups. Most persons, he stated, would wait until something happens to them before they get a check-up and this can be dangerous, as often,there are no immediate symptoms of the disease.When his daughter had become ill, Leslie searched for ways he could become involved in the fight against cancer, and it was then that he began to work with the Guyana Cancer Foundation. Every year since then, Leslie continues to offer his help and support to the GCF.Doing more this year, Leslie decided that his contribution in helping to spread awareness would be made through offering his experience of being a coach. The aim of this ‘GTT Pink Warrior’ was to help prepare persons interested in participating in GTT 5k/10k walk/run.Leslie met with participants for half of an hour every day and offered the training free of cost. Leslie’s aim was not only to help these persons, but to create a lasting impact on the exercise habits of those who participated.GTT recognises these efforts made by Leslie and will continue to support him in his philanthropic visions.last_img read more