Latest news with #RichardHall
Al-Ahram Weekly
5 hours ago
- Business
- Al-Ahram Weekly
Emirati Dana Gas launches $100 mln investment programme to boost Egypt gas production - Energy
UAE's Dana Gas, the Middle East's largest regional private sector natural gas company, has launched a $100 million investment programme in Egypt's onshore Nile Delta to expand domestic gas production, increase reserves, and support the country's growing energy demand, according to a statement the company shared with Ahram Online. The two-year programme includes drilling 11 appraisal and exploration wells, as well as recompleting existing ones. It is expected to add approximately 80 billion cubic feet (bcf) of recoverable gas reserves and significantly enhance the company's long-term production profile in Egypt. The investment plan has already yielded early success, with the completion of the Begonia-2 appraisal well in the New El-Manzala concession. Begonia-2, operated by the company's joint venture with the Egyptian government, Wastani Petroleum Company (WASCO), has confirmed initial reserves of 9 bcf of gas and is set to deliver 5 million standard cubic feet daily (mmscfd) in additional output. It is the first well to be drilled under the programme, signalling the start of intensified exploration and development activity in the area. In parallel, Dana Gas has initiated recompletion work on the Balsam-3 well, redeploying the EGYPTCO rig to tap previously unproduced geological layers. Once completed, the well is expected to add 4 billion cubic feet (bcf) in reserves and an additional 3 million standard cubic feet per day (mmscfd) in production. Its recompletion is anticipated to mitigate exploration risks and further strengthen gas output from existing assets. 'This $100 million programme marks a strategic milestone for Dana Gas in Egypt. The drilling success at Begonia-2 and the start of work on Balsam-3 are just the beginning. With improved fiscal terms under our new concession consolidation agreement with EGAS, we are now well-positioned to unlock more value from our Egyptian portfolio,' said CEO of Dana Gas Richard Hall. 'Our continued investment reflects our long-standing commitment to Egypt and to supporting its energy security agenda. Timely and consistent payments from our partners remain critical to the success of this programme and to ensuring its sustained momentum,' he added. Drilling is being carried out using the EDC-54 rig, with the following well scheduled to spud in August. The company also plans to re-enter other wells during the programme's timeframe to maximize recovery from existing assets. Earlier in July, Minister of Petroleum and Mineral Resources Karim Badawi visited the Begonia-2 site to observe the commencement of operations and review project progress. His visit aligns with the government's broader strategy to enhance natural gas production through upstream investment incentives and regional collaboration. Dana Gas has operated in Egypt for over a decade and remains one of the country's key private sector contributors to gas production. The company's total proven and probable (2P) reserves exceed one billion barrels of oil equivalent (BOE), with an average daily production of 55,000 BOE in 2024. Its regional presence spans Egypt, the Kurdistan Region of Iraq (KRI), and the UAE. As Egypt continues to navigate growing energy demands amid fluctuating domestic gas production, the government is intensifying efforts to reinforce its energy security through a combination of infrastructure upgrades and fiscal commitments. Last week during a press conference, Prime Minister Mostafa Madbouly announced the full integration of all Floating Storage Regasification Units (FSRUs) into the national gas network. Currently, three FSRUs are stationed in Ain Sokhna, positioned to serve as emergency backups in the event of disruptions to the country's conventional gas supply. While the units have not yet been activated at full capacity, Madbouly emphasized their role as a strategic reserve to ensure uninterrupted access to natural gas, particularly during peak summer consumption periods. Furthermore, two more FSRUs are expected to arrive soon: one set to be deployed at Alexandria Port and the other at Jordan's Aqaba Port. These deployments are part of Egypt's broader contingency plan to secure its energy system against potential shortfalls during high-demand months. The government is also making headway in addressing long-standing financial liabilities in the energy sector. In this respect, Madbouly said Egypt has recently repaid more than $1 billion in overdue payments to foreign oil and gas partners. While acknowledging that a significant backlog remains, he reaffirmed Egypt's renewed commitment to settling monthly invoices regularly, thereby gradually reducing its accumulated energy debt. By the end of 2025, an additional $1.4 billion in payments is scheduled to be made, as part of a strategy to restore investor confidence and support future investment in the country's energy production. Follow us on: Facebook Instagram Whatsapp Short link:
See - Sada Elbalad
5 days ago
- Business
- See - Sada Elbalad
Egypt's Petroleum Min. Affirms Full Support for Exploration Plans in Nile Delta
Taarek Refaat Egypt's Minister of Petroleum and Mineral Resources Karim Badawi has reiterated the government's full support for Dana Gas and its exploration efforts in the onshore Nile Delta, during a high-level meeting with the company's CEO, Richard Hall, on Wednesday. The meeting, described as extensive and strategic, reviewed Dana Gas's current activities in Egypt and discussed its future development plans in its concession areas. Minister Badawi commended the company's performance and technical achievements, expressing appreciation for the efforts of its operational teams. He emphasized that the Ministry of Petroleum remains committed to supporting international partners through a coordinated and integrated framework, aimed at overcoming challenges and accelerating the production timeline for new discoveries. 'Supporting exploration and fast-tracking discoveries into production aligns with our national strategy to increase domestic output and meet market needs for gas and petroleum products,' Badawi said. On his part, Dana Gas CEO Richard Hall hailed Egypt as a strategic partner and a central pillar of the company's regional investment portfolio, citing the promising geological potential of the Nile Delta and other Egyptian basins. He confirmed the company's desire to intensify exploration and expedite development operations to bring newly discovered wells online more quickly. Hall also expressed appreciation for Minister Badawi's recent visit to the Begonia-2 well site in the New Mansoura onshore concession, operated by Wasco Petroleum in partnership with Dana Gas. He described the visit as a strong message of encouragement and motivation to the technical teams working on the ground. 'Minister Badawi's field visit was a significant morale boost that reaffirmed our joint commitment to sustainable growth in Egypt's upstream sector,' Hall said. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks Arts & Culture Hawass Foundation Launches 1st Course to Teach Ancient Egyptian Language Sports Get to Know 2025 WWE Evolution Results
Sunday World
15-07-2025
- Sunday World
Man admits tampering with competitor's rally car before race
John Crothers admitted damaging the car of rally driver Richard Hall when he appeared at Letterkenny Circuit Court A man has pleaded guilty causing criminal damage to a rally car belonging to a competitor at the Donegal International Rally. John Crothers, a 64-year-old, admitted damaging the car of rally driver Richard Hall when he appeared at Letterkenny Circuit Court. Mr Hall had been due to take part in the Historics section of the rally in June, 2022. However, his car was interfered with before the race. The accused, of Ballynashee Road, Glenwherry, Ballymena, County Antrim, spoke only to plead guilty to the offence. Crothers is accused that he did, without lawful excuse, damage property, to wit, cut the fuel pump switch, the fan switch, three wires to the rev limiter and the safety switch of a motor car, a Ford Escort, belonging to Richard Hall, intending to damage such property or being reckless as to whether such property would be damaged. Samuel John Crothers leaving Letterkenny Circuit Court. (North West Newspix) Barrister for the accused, Mr Peter Nolan, BL, requested a Probation and Welfare Report on behalf of his client. Mr Nolan said there is an "informal relationship" that the Probation Service in this jurisdiction can apply to their counterparts in Northern Ireland to have a report carried out. Judge Roderick Maguire agreed to the request. Mr Nolan said he would endeavour to request the Probation Service here to liaise with their counterparts in Northern Ireland to secure a report. The case was adjourned for final sentencing to the next sitting of the Letterkenny Circuit Court in October. The court was told that Mr Hall was in court.
Korea Herald
27-06-2025
- Business
- Korea Herald
Vinamilk Showcases Science-Driven Innovation and Wins Prestigious Awards at Global Dairy Congress 2025
AMSTERDAM, June 27, 2025 /PRNewswire/ -- Vinamilk, Vietnam's leading dairy company, presented its science-driven innovation strategy at the Global Dairy Congress (GDC) 2025 and was honoured with two prestigious accolades at the 2025 World Dairy Innovation Awards. A Highlight of Science-Based Nutrition at GDC-18 Held in Amsterdam, Netherlands, 18th Global Dairy Congress brought together nearly 200 industry leaders to explore emerging trends and the future of the global dairy sector. Under the theme "Dairy for All Ages", the event focused on inclusive nutrition, innovation, and sustainable solutions to serve consumers at every life stage. As the sole representative from Southeast Asia to deliver a presentation, Vinamilk marked its fifth appearance at the event, highlighting how advanced technology and scientific applications unlock and enhance nature's gifts, reinforcing its commitment to industry excellence. At GDC 2025, a premier global platform for the dairy industry, Vinamilk showcased cutting-edge dairy products under the theme "Born by Nature, Perfected by Science", demonstrating its innovation strategy to preserve and enhance the natural value of dairy while meeting diverse health and nutrition needs. Highlighted products included the Green Farm's product line, Vinamilk Optimum, and Plant-Based Milk. Green Farm was featured as a case study in harnessing nature's potential through advanced dairy technology. Its proprietary air-sealed technology reduces free oxygen radicals in milk by up to 50%, preserving freshness, floral aroma, and natural taste. Using European ultra-filtration technology, Green Farm High Protein Milk offers a smart, additive-free nutritional solution: high protein, rich calcium, low fat, and lactose-free meeting the rising demand for personalized nutrition. Meanwhile, Green Farm Drinking Yogurt is the first and only product in Vietnam to include six European probiotic strains, delivering 720 million live cultures that boost flavor and digestive health. A key scientific breakthrough was also emphasized with Vinamilk Optimum, an exclusive infant formula inspired by breast milk. For the first time in Vietnam, it incorporates six Human Milk Oligosaccharides (HMOs), representing 58% of the total HMO content found in breast milk, the highest concentration available in the market. Furthermore, Vinamilk also became Southeast Asia's first dairy producer to adopt Tetra Pak's wholesome soy grinding technology, enhancing soy nutrition, and reducing waste in line with its sustainability goals. Building on Vinamilk's science-led approach that unites nature and technology, Dr. Richard Hall, Chairman and Founder of the Global Dairy Congress, remarked: "Dairy has long been a cornerstone of nutrition, but it must keep evolving to meet human needs. We cannot consume hundreds of products at once—we have to choose what's 'best for me.' Now more than ever, technology is empowering the dairy industry to go further and last longer." From Emerging Market to Global Player At this year's congress, Vinamilk was honored with two distinguished awards at the 2025 World Dairy Innovation Awards. Its Green Farm High-Protein Greek Yogurt was named Best Yogurt, while the Plant-Based Vinamilk Yogurt received the award for Best Packaging Design. These achievements underscore Vinamilk's unwavering commitment to innovation and creativity in the global dairy industry. Although relatively young, Vietnam's dairy industry has undergone a remarkable transformation over the past five decades with Vinamilk at the forefront of modernizing production and advancing science-based nutrition. "By honoring the essence of nature and enriching it with cutting-edge science, we remain committed to delivering nutritious products that stay true to their natural origins—in both taste and nourishment. Our journey of relentless innovation, guided by our mission 'Care to make it real,' is devoted to consumer health and to shaping a sustainable, world-class dairy industry for Vietnam," said Nguyen Quang Tri, Chief Marketing Officer of Vinamilk. In 2024 alone, Vinamilk introduced 125 new products—about one every two working days—reflecting both its responsiveness to personalized nutrition trends and its commitment to global standards. As a result, this innovation has earned international acclaim, including the Monde Selection (EU), Superior Taste Award (EU), and Clean Label Project Certification (USA), placing Vietnamese dairy on par with global quality benchmarks. With a strong global network of partners, 17 factories, and 15 internationally certified farms, Vinamilk integrates advanced technology across its entire supply chain to preserve nutrition, ensure safety, and elevate product quality. Established in 1976, Vinamilk is not only Vietnam's No.1 dairy brand, but also exports to over 65 countries, ranks among the Top 36 global dairy companies by revenue, and is recognized as the 6th most valuable dairy brand in the world.
NZ Herald
16-05-2025
- Sport
- NZ Herald
NZ Secondary Schools team restored as top under-18 rugby side
NZSS has agreed to amend its eligibility criteria to enable selection for anyone still at a school but unable to play for it due to the absence of a First XV programme. Both the schools and NZR have also agreed that they will continue to discuss ways in which they can amend their current governance arrangements so they can work more collaboratively and effectively together. NZR's main argument for wanting an age-grade team was inclusivity. It argued that such a team would open the door to players who were under 18 but not in education to play for a national team and be part of the high-performance system. NZR's general manager of professional rugby and performance, Chris Lendrum, said that, on last year's figures, 30 per cent of players eligible for a national U-18 team were registered at clubs and either not attending or not playing for a school. A consortium of 40-plus heavyweight schools, including Auckland Grammar, St Kentigern College, King's College, St Peter's College and Kelston Boys, as well as Hamilton Boys, Hastings Boys, Otago Boys, Christchurch Boys and Wellington College, pushed back, saying they believed a national U-18 team would see their elite pupils move into the national body's high-performance system and potentially compromise their education. They also argued that it would inevitably lead to the collapse of the volunteer support on which school rugby is built. Of equal concern was the belief that NZR, having failed to communicate its intentions to the schools before putting out a media release, was trying to fulfil a long-held ambition of controlling the development of elite schoolboy players. While the restoration of NZSS to premium status may seem like a compromise deal, the schools believe they have won a significant victory, as they considered the surprise proposal to be, effectively, a hostile takeover bid for school rugby by the national union. Richard Hall, rector of Otago Boys' High School, who is serving as spokesman for the secondary school principals, said the decision was a commonsense victory that recognised schools were the best places to provide young people with all their needs. He said the NZSS team remained the best pathway for coaches who were heavily invested in the First XV circuit. He also acknowledged that, while the circumstances bringing the schools to negotiate with NZR were not ideal, the agreement to rebuild the relationship and establish a partnership with the national body was being viewed as a major positive. 'We are hoping that the principals will now have a strong voice at NZR, and we don't want a repeat of what happened in March when we read about changes in a press release. 'It's a good win for us, and we will continue to have these conversations to see what unfolds.' Lendrum, who was the public face of the move to create a national U-18 team, said he still felt that widening the net to capture those players not at school remained a sound proposition, but that the execution of the strategy was 'sub-optimal'. He admitted that the lack of communication with schools before the March announcement 'was not our best work'. But like Hall, he was positive about the chance to build a stronger relationship with secondary schools.
