Downstream is the processing and selling of refined products in the oil and gas business. These products just do not include gasoline and diesel, but a whole gamut of products as outlined below.The “super majors” like ExxonMobil are involved in many elements of these processes as joint venture partners in hundreds of money-spinning projects. This is where the real money in the industry resides and this is the true value-added portion of the value chain. Guyana is not in control of any part of this value chain in this Exxon deal; this is all Exxon.So while we are debating over the peanuts of whether Guyana will earn US0,000 or US0,000 per day in the upstream sector, Exxon will be making multiples of that in the downstream sector. This deal was stacked against the ordinary man from day one and thus the entire project should have been more competently leveraged to the point where Guyana should have sought minority shareholding for the local content element for the entire value stream (downstream, midstream and upstream). This was done before for other countries, so why can’t it be done for Guyana?Singapore is described as the “undisputed oil hubs of Asia” but guess what? They have no crude oil! Yet they collectively employ some 40,000 people and generate some US billion worth of petroleum business for their country because they have an “attitude of mind” to make their country relevant in the business world.Key downstream business sectors include:* Advance oil refining* Petrochemical manufacturing* Wholesale and retailing to end-usersDrilling down, many of the downstream products are not conventionally associated with crude oil such as body products, pesticide, synthetic fibres such as nylon, synthetic rubber, pharmaceuticals, plastics, fertilisers and hundreds of other products. But without crude oil, they would not exist.The diagram below gives you a broad outline of the characteristics of the downstream sector.> It is a Margin Business – Margin in the downstream business is the difference between the selling price of the value-added products and the purchase price the refinery pays for the crude. Although the price of crude sets the absolute level of the different product prices it is not the only driver in setting the margins on what the market will pay for products in the downstream side of the business. Downstream margins tend to be squeezed when crude price increases but the more high end the process, the less reliant is the sale price on the crude oil price.> It is a Very Complexed Business – the downstream segment requires much high-level science to be successful. Although Singapore does not produce one drop of crude oil, it used its advance education system and easy access to capital to play a major part in the higher value end of this “hydrocarbon value chain”. Singapore exports some US$40 billion of refined oil-related products by buying crude oil cheaply and using their local talent and capital to turn that raw product into refined products that the world demands.> Global Perspective – The energy supply chain is global and those who are sellers into that chain have a greater advantage in the global market than those who are buying from the supply chain. That is why oil-producing countries that manage a greater portion of the oil business value chain are expected to leverage great value for their shareholders. Guyana must demand a greater say in this value chain and should not just be an idle bystander to the process.> The final piece of this column today is an understanding of the drivers of the end-user consumption patterns. At the end of the day, the end users are the people who provide the ultimate value for oil and gas products. Globally, the most widely known crude oil product is gasoline. The countries that export crude oil do not control the real dollars but those that exports the refined products like gasoline have a much larger command of the real dollars. In 2016, the United States imported 10 million bpd of crude oil and exported five million bpd of refined petroleum products. This statistics tell you clearly why the USA, Holland, Russia, Singapore and India will remain dominant in this business for a long time – they dominate the right end of the business, the refined products.That is why it is so critically important that an oil refinery be built. From every barrel of crude produced, there is US$6 of pure profit for each barrel refined and I am only referring to the process to gasoline, diesel, jet fuel and heavy oil products such as bitumen. Can you imagine if that process can be further advanced to fertiliser, pesticides, plastics and so on? We are talking about tens of millions of US dollars per day.
Athough Arsenal sold Robin van Persie to United last summer, Wenger insists the club have the financial muscle to bring Rooney in the opposite direction.“It happened to us last year and it can happen to them,” said Wenger, quoted in The Sun.“Rooney is under contract and has two years to go so it’s United who make the decision. But we would not have a problem with the wages of Rooney.”The Gunners boss would also be interested in bringing former midfielder Cesc Fabregas back to the Emirates Stadium but admits it will not be happening any time soon.“Cesc has decided to stay one more year at Barcelona,” he added.“We have the clause in his contract to have the chance to buy him back so we would be on alert if that happens.”– Football365.com0Shares0000(Visited 1 times, 1 visits today) 0Shares0000LONDON, England, July 18- Arsenal manager Arsene Wenger has stressed that the Gunners “would not have a problem” affording Wayne Rooney’s wages.Rooney is reportedly “angry and confused” with his treatment at Manchester United and was the subject of a bid from Chelsea this week. read more
Sergio Aguero has been linked with a move away from Man City 1 Inter Milan are planning an audacious swoop for Manchester City striker Sergio Aguero, according to reports in Italy, while Real Madrid are also said to be keen.The Argentina’s international future has been thrown up in the air at the Etihad Stadium following the arrival of Gabriel Jesus.The Brazilian has arrived at the club in impressive form, scoring one goal and assisting two in three games for the Blues, and it has led to claims that Aguero – who was benched for Wednesday’s 4-0 win over West Ham – could be on his way out.Reports claim the 28-year-old has become increasingly frustrated with his role at the club since Pep Guardiola’s arrival as manager, and is considering a move away from the two-time Premier League champions.And now, according to Calciomercato, Inter are putting the wheels in motion for a stunning summer swoop for the striker.The Italian club have money to spend now they have been taken over by a Chinese consortium and they want to make a marquee signing this summer.Aguero is reportedly top of their wanted list and Inter will contact City about a potential deal over the coming weeks.Real Madrid are also said to be ready to make a bid, with the Spanish giants keen to offload France striker Karim Benzema and Spain forward Alvaro Morata in the summer. read more
Without encryption, GPS signals are easy to spoof. There have been experiments showing that navigational equipment can be easily tricked, causing devices and vehicles to be remotely steered off their intended path. Low cost devices are now readily available that can spoof GPS signals. GPS vulnerability is being exploited by hackers and has become a tool of cyberwarfare. Yonatan Zur, CEO of Regulus Cyber, said that “it is very hard to locate and identify attacks on the Global Navigation Satellite System, making them a very good tool for terrorists, hackers and others . . . sometimes you can be under such attacks for days without being able to pinpoint the source.” The Global Positions System (GPS) is based on 32 navigational satellites that transmit location and time information. GPS enables accurate navigation of planes, boats and vehicles, and an increasing amount of critcal infrastructure is dependent on it. At any time, there are four satellites overhead within line of sight that can be used to accurately calculate position and movement. GPS satellites transmit two signals, one unencrypted for public use, and another encrypted for the sole use by the US military. Most GPS receivers rely on the unencrypted signal being transmitted. A report earlier this year estimated that almost 10,000 incidents of Russia spoofing GPS signals to protect sensitive locations. The report found that extensive GPS jamming and spoofing occurs in locations near to where Putin is currently located. Similarly GPS spoofing was used extensively in Syria and Kaliningrad. read more
Marketing Day: SEO content audits, YouTube ad tips & The Media Trust’s ‘first vendor network’You are here: Posted on 15th September 2017Digital Marketing FacebookshareTwittertweetGoogle+share HomeDigital MarketingMarketing Day: SEO content audits, YouTube ad tips & The Media Trust’s ‘first vendor network’ Related postsLytics now integrates with Google Marketing Platform to enable customer data-informed campaigns14th December 2019The California Consumer Privacy Act goes live in a few short weeks — Are you ready?14th December 2019ML 2019121313th December 2019Global email benchmark report finds email isn’t dead – it’s essential13th December 20192019 benchmark report: brand vs. non-brand traffic in Google Shopping12th December 2019Keep your LinkedIn advertising strategy focused in 202012th December 2019 Here’s our recap of what happened in online marketing today, as reported on Marketing Land and other places across the web.From Marketing Land:Personalization 2.0: Transform your marketing from segmentation to intent-driven personalizationSep 14, 2017 by Digital Marketing DepotConsumer expectations about the digital shopping experience have never been higher. Today, consumers expect relevant, personalized content and offers that cater to their needs in any given moment. But what does it mean to personalize your marketing? Many marketers mistakenly think that personalization means segmentation. How to conduct an SEO content auditSep 14, 2017 by Thomas SternColumnist Thomas Stern shows how a content audit, when done right, can help you assess whether your content is relevant not only to your brand goals and SEO objectives, but also to the customer’s needs.A search marketer’s view of Facebook’s advertising platformSep 14, 2017 by Ted IvesSearch marketers, have you considered expanding into paid social? Columnist Ted Ives details some of the hurdles and difficulties he’s encountered in venturing into Facebook Ads territory.SurveyMonkey SVP says her drive to tell stories is the reason she went into marketingSep 14, 2017 by Amy GesenhuesGet to Know SurveyMonkey SVP Marketing Communications Bennett PorterMartech enablement series: Part 6 — Building the carSep 14, 2017 by Peter LadkaIn Part 6 of a nine-part series, contributor Peter Ladka takes a look at the “car” of the race team and how its corresponding systems allow your marketing organization to take action with its martech stack.Stop wasting your marketing efforts: The 3 prongs to inbox placementSep 14, 2017 by Mary WallaceColumnist Mary Wallace explains how your technical setup, list management and marketing strategy all affect inbox placement and the chances of your messages being seen.When Amazon comes for your company, don’t lose focus on what matters: Your customerSep 14, 2017 by Joe HylandAmazon appears to be an unstoppable powerhouse gobbling up its competitors. So how do you ensure your company’s survival? Contributor Joe Hyland explains why it comes down to creating engaging customer experiences that build brand loyalty.7 killer ad tips for YouTube & videoSep 14, 2017 by Kevin LeeLooking to add video advertising to your marketing mix? Columnist Kevin Lee shares some advice for ways to take advantage of YouTube’s video advertising platform.What’s better than a marketing tech stack? Your marketing org stackSep 14, 2017 by Marketing LandWe’ve been running running The Stackies at chiefmartec.com for three years now, inviting marketers to send in a single slide that visually illustrates their marketing tech stack. It’s evolved into an awards program and a drive for charity (the last Stackies program raised $7,800 for Girls Who Code).Tobii Pro employs its eye-trackers to find out what attracts attention in a car showroomSep 14, 2017 by Barry LevineThis is the first public data from a showroom study using Tobii’s glasses.With an eye toward GDPR, The Media Trust sets up ‘first vendor network’ to fix the NetSep 14, 2017 by Barry LevineThe Digital Vendor Risk Management service certifies vendors who have agreed to fix their code on sites and apps to comply with GDPR and other policies.Online Marketing News From Around The Web:AnalyticsBlog Metrics: Why You Need to Stop Focusing on ‘Vanity’ Stats, ProbloggerFacebook Relevance Score: 4 Key Facts to Know, WordStreamHow to Map Behavioral Metrics Into Your Key Business Drivers, Kiss MetricsBusiness IssuesThere’s Blood In The Water In Silicon Valley, www.buzzfeed.comA New Center for Crisis Response on Facebook, Facebook NewsroomFormer Google Employees Allege Bias Against Women, Wall Street JournalContent Marketing8 Big Questions From Content Marketing World to Ask Year Round, Content Marketing InstitutePut your customers to work – Creating Content on Demand, DigidayThe Power of Headlines for Your Success, CompukolE-Commerce5 Ways Retailers Can Leverage Data to Rethink Their Ecommerce Strategy, Multichannel MerchantB2B Ecommerce Examples: 10 Lessons from 10 of the Best B2B Websites, Shopify PlusE-Commerce Apps: Why Consumers Use Apps & Features They Value, MarketingProfsEmail Marketing58% of B2B Marketers Intend to Boost Spending on Email Marketing, KoMarketingAI in Email Tech: An Intuitive Touch to your Customer Engagement, MarTech AdvisorGeneral Internet Marketing5 Challenges for Enterprise-level Digital Marketers, Vertical MeasuresMarketing-as-a-Service (MaaS): What is it and Why do SMBs need it?, MarTech AdvisorThe Top 4 Reasons Why Influencer Programs Fail, MediaKixInternet Marketing IndustryMajor Ad Trade Groups Release Joint Letter Outlining Deep Concerns Over Cookie-Handling, PR NewswireOneSpot Appoints David Brown Chief Strategy Officer And Launches Strategic Services Business For Content Marketers, PR NewswireVideo Ad Personalization Firm, Clinch, Secures $3MM in Series A, Markets InsiderMarTechHow to be an Agile Marketer in a Martech World, MarTech AdvisorMobile/Local MarketingFacebook Tests Data-Friendly Instant Videos on Mobile, Search Engine JournalGoogle AMP is Winning or My History with AMP, Alex KrasMalicious apps with >1 million downloads slip past Google defenses twice, Ars TechnicaSocial MediaHow to Add Qualifying Questions to Your Facebook Lead Ads, Social Media ExaminerMedia buyers applaud Canvas ads in Instagram Stories, but say there are limitations, DigidayThe 5 Biggest Mistakes That Social Media Managers Make (And How to Avoid Them), Simply MeasuredVideo7 Tips for Success with Facebook’s Live Promoted Video, 3Q DigitalFacebook Could Save You Time (And Data) With Instant Video, Ignite VisibilityHow Duracell created one of the top YouTube bumper ads: 1 campaign success story, 3 viewpoints, Think with GoogleFrom our sponsors: Marketing Day: SEO content audits, YouTube ad tips & The Media Trust’s ‘first vendor network’ read more
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“Our captain is Cahill because Cahill was the captain last season and I have spoken with his mates, and everybody told me that he was really a very good captain.” Gary Cahill’s contract is going to expire at the end of this season. So, the speculations will again arise in the winter transfer window. The club management of Chelsea have to take a decision about the contract extension of the 32 year English midfielder very quickly. Otherwise, he might be tempted to join any other top European club in the next summer transfer window as a free agent. Advertisement “The captain is Cahill, and if he’s not on the pitch it’s (Cesar) Azpilicueta,” “I don’t know. It depends on him, I think.“He played very often in the last seven, eight matches. It depends on him, on the club I think, but for me Cahill is very important on the pitch but also off the pitch.” AdvertisementMaurizio Sarri has confirmed that Gary Cahill would be the captain of Chelsea for the rest of the season. If the veteran Chelsea defender is not starting lineup, Cesar Azpilicueta will be given the armband. There were a lots of speculations over the future of Gary Cahill at Stamford Bridge at the beginning of the season. However, the Chelsea manager Maurizio Sarri has ascertained that the star English defender is an important part of his squad in this season. Maurizio Sarri told, read more
Jonny Bairstow and pacer Mark Wood brought England back into the second Test against New Zealand with their half centuries at Hagley Oval in Christchurch on Friday.At stumps, England were 290 for 8 and Bairstow remained not out at 97. Even though Wood departed on 52, his counter-attacking innings which came in just 62 deliveries got England back in the match.Earlier, Tim Southee took his seventh five-wicket haul in Tests while Trent Boult once again rattled the English top order with three wickets.The visitors had been in danger of being bowled out for under 200 when Stuart Broad was caught at mid-off to leave them floundering at 164 for seven shortly after tea.5 for Tim Southee! His 7th in Tests. Bowls Mark Wood for his highest Test score of 52. England now 259/8. Tim Southee is now New Zealand’s equal fourth highest Test wicket taker. Now equal with Chris Cairns on 218. New ball taken. Live scoring | https://t.co/qsRi8Tu1mR #NZvENG pic.twitter.com/tAGXiC4tvWBLACKCAPS (@BLACKCAPS) March 30, 2018However, Bairstow and Wood took advantage of a softening, aging ball to save England from more embarrassment following the 58 they scored in the first innings of the opening Test, their record low against New Zealand.After bringing up his first Test half century with two runs behind point, Wood then became Southee’s fifth wicket when he was bowled on the final delivery of the 80th over, ending a partnership that brought England back into contention.50 for Mark Wood. His first in Test cricket. England now 255/7 as Wood and Bairstow share a 91 run partnership. Live scoring | https://t.co/qsRi8Tu1mR #NZvENGadvertisementBLACKCAPS (@BLACKCAPS) March 30, 2018England’s debutant left-arm spinner Jack Leach managed to hold up his end for 43 minutes while facing 33 deliveries of the second new ball to finish 10 not out at the close.Southee and Boult had earlier continued to exploit England’s inability to handle the swinging ball and captured three wickets for one run after lunch.The duo had taken one wicket each in the first session but blew away the rest of England’s top order shortly after lunch by removing Joe Root (37), Dawid Malan (nought) and Mark Stoneman (35) within the space of nine balls.All-rounder Ben Stokes and wicketkeeper Bairstow, the last remaining recognised batsmen, halted the collapse but the visitors were still in desperate trouble after being put in by Kane Williamson.The New Zealand bowling tandem were at it again after tea when Stokes, who scored a patient 66 in England’s second innings of the first Test, was caught behind for 25 and Broad at mid-off for five before Bairstow and Wood resurrected their innings.England need a win to stop New Zealand clinching their first series against them since 1999. The hosts won the first Test at Eden Park in Auckland by an innings and 49 runs.(With inputs from Reuters) read more
Rita DeJong will try again to win the Iowa House District 6 seat to represent part of Sioux City as well as Sergeant Bluff, Bronson, and Salix.DeJong, a Democrat who is a retired Sioux City educator, announced her candidacy Thursday stating that she made the decision to run because “we need to start listening to each other and work together to make our state better”.DeJong lost a special election for the final year of the term on January 16th to Republican Jacob Bossman by around 440 votes.That election took place after a short campaign following former House member James Carlin’s winning of a special election for the Iowa Senate.It’s likely DeJong and Bossman will face each other again in November’s general election. read more