BHP plans to offload Bass Strait oil and gas assets in Australia

first_img BHP intends to sell its Bass Strait oil and gas assets. (Credit: Ashton 29/Wikimedia Commons) BHP Group during the release of its annual results disclosed its intentions to sell its 50% stake in the Bass Strait oil and gas operations offshore Australia.The Australia-based resources company that the decision is part of its efforts to continue optimising its petroleum portfolio by offloading its later life assets.BHP is partnered by ExxonMobil’s subsidiary Esso Australia in the Gippsland Basin joint venture, which has been producing oil and gas from Bass Strait for more than 50 years. Esso Australia has been the operator of the joint venture.In September 2019, ExxonMobil said that it was looking to divest its 50% stake in the Bass Strait operations, as part of a larger review of the company’s global portfolio of assets, reported Reuters.History of the Bass Strait operationsBHP and ExxonMobil drilled what was the first offshore well in Australia in 1965 which led to the discovery of the Barracouta gas field in Bass Strait. In 1967,  the partners discovered the Kingfish field, which continues to be the largest oil field to have been discovered in Australia.The operations are located between 25-80km off the southeastern Australian coast. Recently, the Kipper gas field, which is part of the Kipper Unit Joint Venture and operated by Esso Australia had started production of gas and liquids production which are processed through the existing Gippsland Basin Joint Venture facilities.As per ExxonMobil, there are 23 offshore platforms and installations in Bass Strait. These include the Marlin B platform and Kipper subsea wells, which feed a network of 600km of subsea pipelines and keep the oil and gas flowing round the clock.The partners are developing the West Barracouta field in the Gippsland Basin. BHP said that the offshore gas project is on schedule and budget, with first production expected to be achieved in 2021 in spite of delays in component delivery and equipment fabrication owing to Covid-19 restrictions.For the year ended 30 June 2020, the operations yielded a revenue of $1.1bn for BHP compared to a revenue of $1.23bn reported for the year ended 30 June 2019. BHP said that the decision to sell the Bass Strait operations is part of its efforts to continue optimising its petroleum portfolio by offloading its later life assetslast_img read more

IS IT TRUE FEBRUARY 8, 2017

first_imgIS IT TRUE that the Board of Commissioners of Vanderburgh County will be attending the City of Evansville/Vanderburgh County Computer Services annual meeting on February 16, 2017 in the Mayor’s Conference room?  …we highly recommend that members of the local mainstream make sure they attend this meeting?IS IT TRUE that former Evansville Mayor Jonathan Wienzafpel was on local TV recently trying to take credit for all new commercial expansion of Downtown Evansville?  ,,..he was trying convince the viewers because the Ford Center was built under his watch it started major downtown commercial development to happened over the last served years?  ,,,,all we have to say about Mr. Wienzapfel claim is bull? ,,,the bottom line is that the Downtown Commercial Development is happening under the watch of Mayor Winnecke?IS IT TRUE that the automotive supply plant behind the Eastland Mall known as SRG Industries and was formerly called Guardian Automotive has been acquired by a big international conglomerate that most people are familiar with?…Koch Industries of the famed Koch family that causes Democrats to set their hair on fire are the new owners of Guardian Industries?…that means that Evansville has a Koch Industries owned facility that employees about 700 people making plastic parts and doing electroplating right here in town?…Koch Industries very much like Guardian Industries has been built on the skill and will of a determined and honorable family?…with Guardian Industries it was the late great entrepreneur Bill Davidson who created a privately owned international industrial giant?…Koch Industries is of course run by Charles and David Koch each of whom has a net worth of $52 Billion?…we do not believe the Evansville Koch family that is also quite successful is related to Charles and David Koch?IS IT TRUE that another Evansville employer is about to be acquired too?…Mead Johnson Nutrition is being courted by Reckitt Benckiser in an all cash deal of $90 per share or $16.7 Billion?…E. Meade Johnson immigrated to Evansville from New Jersey and started this company 102 years ago?…MJN has not been locally owned for some time and relocated it’s headquarters to Chicago roughly 8 years ago to take advantage of the flight availability at O’Hare and the City of Chicago’s attractiveness to professional employees?…in both of these cases, the companies will be in stronger financial situations which makes expansion opportunities more likely and downsizing less likely?IS IT TRUE while higher education is on our minds, it is impossible to ignore the violence that occurred on the campus of the University of California at Berkeley last Wednesday night?…students gathered to protest a speech that was scheduled to be made by a provocative supporter of President Donald Trump?…it is most ironic that the same student body that fought hard for free speech in the late 1960s has established itself as a place where free speech is oppressed today?…the student protesters were joined by a group of violent thugs wearing black ninja costumes who proceeded to set fires and demolish three retail stores doing $100,000 of damage?…there is no information on whether the ninja clad thugs were students or not?IS IT TRUE at last Monday night City Council meeting they voted 7-2 to give a preliminary tax abatement phase-in for 5 years to a Eastside Shopping Center?  …if approved this tax abatement means the Shopping Center would get a  property taxes phase-in of 20 percent every year for the next five year? …this tax phase-in may be worth around $80,000 dollars to the Developer?  … Growth Alliance for Greater Evansville has estimated that the economic impact/value of the newly renovated store will be $42 million dollars over the next 10 years?  …this sound similar to the prediction that Growth Alliance for Greater Evansville made during the $200,000 EARTHCARE deal several years ago? … …we found it extremely interesting that Developer of this project told members of Council that the store opening will go forward even if the council doesn’t approve abatement?  …all we can say is “forget the tax credit and go ahead and open the store””?FOOTNOTE:  Todays ‘Readers Poll”  question is :Do you feel that the Evansville City Council should give a Developer of an existing Eastside Shopping Mall a $80,000 tax credit phase-in so he can renovate it?FacebookTwitterCopy LinkEmailSharelast_img read more

New York City’s OUTPUT To Close At The Start Of 2019

first_imgOUTPUT, one of New York City’s more popular electronic-based dance clubs, will close its doors for good in a few weeks. The venue, located in the rapidly developing neighborhood of Williamsburg, Brooklyn across the street from the Brooklyn Bowl, announced on Tuesday that it will permanently close effective on January 1st, 2019. According to the venue’s announcement shared late Tuesday morning, changes in “social trends” and the ever-growing concert landscape in New York City are the two main reasons for its demise.“It is that inevitable time of night when the last song has faded and the lights are coming up to signal the end of an epic journey… and just like that – poof – the party is over,” it reads in the lengthy statement shared by the venue’s founders and operators Nicolas Matar, Bo Pittman, and Shawn Schwartz. “This sudden turn of events may seem shocking to many, but for those of us watching from the inside, we have seen the writing on the wall for some time. A confluence of factors contributed to the club’s misfortune; rapidly shifting social trends, unfavorable market conditions and weakening financial outlooks coincided with the simultaneous emergence of multiple existential challenges unique to the club’s circumstances.”The statement continues in admitting that the only way OUTPUT could survive this period would be as a result of drastic changes implemented from the inner workings of the business. Such changes would “betray the mission on which the brand was founded,” as the team put it, meaning the club owners are choosing to die, rather than adapt.In all fairness, the entire geo-economic landscape of the north Brooklyn area has experienced drastic shift in recent years with the gentrification of the Williamsburg waterfront and new presence of big businesses like Apple and Whole Foods.One of the other big factors presumably impacting the decision to close the multi-level club could be the impending shutdown of the city’s L-Train subway line, which is expected to have an inescapable effect on local businesses in the Williamsburg area when it stops running between Brooklyn and Manhattan next spring.Fans can visit the venue’s website for a schedule of remaining events as 2018.This isn’t the first time that a beloved New York City concert venue has closed its doors in recent years. The Grateful Dead-themed bar/venue that was known as American Beauty NYC closed its doors for good back on January 1st of this year, primarily as a result of conflicting real estate plans.last_img read more

Olivier Winner Janie Dee & More Set for Linda

first_img View Comments Two-time Olivier Award winner Janie Dee is set to play the title role in off-Broadway’s Linda, which marks playwright Penelope Skinner’s Manhattan Theatre Club return following her play The Ruins of Civilization. Helmed by MTC’s Tony-winning Artistic Director Lynne Meadow, the production is now scheduled to begin performances slightly later, on February 7, 2017 (instead of February 3). Opening night is slated for February 28 (from February 23) at MTC’s New York City Center—Stage I.Dee took home the Olivier for Comic Potential and Carousel; additional West End credits include Hand To God, The Seagull and Blithe Spirit. As previously announced, Dee will also star as Phyllis in Follies at the National Theatre opposite Imelda Staunton. She made her New York debut at MTC in Comic Potential and was recently seen in Antony and Cleopatra and Much Ado About Nothing at the Hollywood Bowl.The cast will also feature Meghann Fahy (Next to Normal) as Stevie, newcomer Molly Griggs as Amy, MTC alum Jennifer Ikeda (Vietgone) as Alice, Maurice Jones (The Cherry Orchard) as Luke, Donald Sage Mackay (stop.reset.) as Neil, Molly Ranson (Fish in the Dark) as Bridget and John C. Vennema (Unbreakable Kimmy Schmidt) as Dave.Skinner’s new play follows Linda Wilde, a senior executive who pitches a new concept that could change the way the world looks at women of a certain age. As the potential for her success escalates, so do the stakes as she fights to maintain her carefully considered life, including her career, marriage and parenthood.The creative team for Linda includes scenic designer Walt Spangler, costume designer Jennifer Von Mayrhauser, lighting designer Jason Lyons, sound designer Fitz Patton and dialect coach Ben Furey. Show Closed This production ended its run on April 2, 2017 Related Showscenter_img Janie Dee(Photo: Anthony Harvey/Getty Images) Lindalast_img read more

Ag funds fall short

first_imgAs the people who must provide the research needed to keepU.S. agriculture at its best, administrators and scientists ofland-grant universities are beginning to understand theirimplications clearly.The real problem they see is that too many of the people who fund their research are thinking “farmer” instead of “food.” They’re seeing support of agriculture as helping a tiny minority instead of the food-eating whole of their constituents.”State and federal support of land-grant universities hasdeclined in many states,” said Gale Buchanan, dean and directorof the University of Georgia College of Agricultural andEnvironmental Sciences. “As a result, we have lost substantialcapacity to carry out our research.”Buchanan said the CAES has lost more than 400 state-fundedpositions since 1990. “Our programs are very successful,” hesaid. “But they’re often taken for granted.”With their budgets declining, presidents and key administrators from more than 200 agricultural colleges acrossthe nation have joined with industry representatives to seeknew funding sources. To work collectively, a series oflistening sessions were scheduled in Ohio, Texas, California,and most recently, Georgia.”Our funding is on a collision course,” Buchanan said. “Having the presidents of our land-grant universities working together to do something about this is like having Tiger Woods in your foursome or Herschel Walker in your backfield. It definitely gives you a leg up.”The nation’s food supply should be of concern to everyone in the United States, said Peter Magrath, president of the National Association of State Universities and Land Grant Colleges.NASULGC, along with the National Coalition for Food andAgricultural Research, the W.K. Kellogg Foundation and UGA,sponsored the final listening session June 3 at UGA.”We’ve got a real problem in terms of the erosion of support in the area of food,” Magrath said. “We need funding to maintain in this country a safe, secure and nutritious food supply. After all, 100 percent of us need to eat.”Researchers commonly apply for grants from Federal agencies and other organizations to supplement their research efforts.Information gathered from the four national listening sessions will be used to design and develop a strategic plan for increasing federal support of food-related research, extension and education programs at state universities and land-grant colleges.The funding plan will identify appropriate sources of federal funds that aren’t considered traditional partners of food and agriculture.Partnerships will be explored with agencies such as theNational Institutes of Health, the Environmental ProtectionAgency and the departments of commerce, energy and state.”I think we’re going to have to become more creative and seek new partnerships and begin to depend more on the private sector,” said UGA President Michael Adams. “We won’t apologize for depending on the private sector for funding support. Our fates are intertwined.”last_img read more

December 2015

first_img2015 saw one of the warmest Decembers since Georgians started keeping records, and the month was also much wetter than normal. The warm, wet conditions created havoc for Georgia farmers. The wet conditions caused saturation of soils in many places — a big concern for fruit tree farmers since soaked conditions put increased stress on the trees due to a lack of open oxygen pores in the soil. The warm conditions in December caused the lowest number of winter chill hours for fruit-producing trees and bushes in more than a decade, which could reduce the yield of peaches and other fruit in the coming season. These plants require a certain amount of time in the cold between October and February, or “chill hours,” in order to produce fruit. Many farmers are hopeful that the return of seasonably cool temperatures in January will supply enough chill hours to salvage the state’s fruit-growing season. Temperatures across Georgia were more than 10 degrees above normal in December 2015 at most weather stations. Numerous daily record temperatures and high minimum temperatures were broken. Most of the records were broken late in the month, from Dec. 24-31, which is unusual for high temperature records. Most of the stations in Georgia recorded their warmest December ever, according to rankings on the Southeast Regional Climate Center’s Perspectives tool. Savannah, Georgia, broke or tied record highs on seven out of the last eight days of the month, and on many of those days, the high minimum temperature was also broken. The record warmth can be attributed to the ridge of high pressure that dominated the eastern half of the United States in spite of the cloud cover associated with rainy conditions that blanketed the region, which was under the influence of El Niño. High nighttime low temperatures associated with the cloud cover helped keep the average temperature above normal. In Atlanta, the monthly average temperature was 57.6 degrees Fahrenheit, 12.3 degrees above normal; in Athens, Georgia, it was 56.4 F, 11 degrees above normal; in Columbus, Georgia, it was 59.1 F, 10 degrees above normal; in Macon, Georgia, it was 58.6 F, 10.6 degrees above normal; in Savannah, Georgia, it was 64.2 F, 12.5 degrees above normal; in Augusta, Georgia, it was 59.3 F, 12.1 degrees above normal; in Albany, Georgia, it was 62.3 F, 11.3 degrees above normal; in Alma, Georgia, it was 63.4 F, 10.8 degrees above normal; in Brunswick, Georgia, it was 64.6 F, 10.5 degrees above normal; in Rome, Georgia, it was 54.0 F, 11.4 degrees above normal; and in Valdosta, Georgia, it was 64.5 F, 11.4 degrees above normal. Rainy conditions under a persistent storm track that brought heavy rain to many areas covered the northern two-thirds of the state in December, while the stability of the track left southeastern Georgia counties high and dry. The highest monthly total precipitation recorded by National Weather Service reporting stations was in Columbus at 17.38 inches, 13.11 inches above normal, and the lowest was in Brunswick at 1.35 inches, 1.29 inches below normal. Atlanta received 12.51 inches, 8.61 inches above normal; Athens received 12.37 inches, 8.64 inches above normal; Augusta received 6.92 inches, 3.53 inches above normal; Macon received 12.62 inches, 8.58 inches above normal; Savannah received 3.35 inches, 0.40 inches above normal; Alma received 1.97 inches, 1.32 inches below normal; Rome received 12.66 inches, 8.28 inches above normal; Valdosta received 6.86 inches, 3.11 inches above normal; and Albany received 2.51 inches, 0.66 inches below normal. The highest single-day rainfall recorded by Community Collaborative Rain, Hail and Snow Network (CoCoRaHS) volunteers was 8.51 inches recorded near LaGrange, Georgia, in Troup County on Dec. 25, followed by 6.7 inches recorded near Senoia, Georgia, in Coweta County on the same date. The highest monthly total rainfall was 21.94 inches, observed northwest of Ellijay, Georgia, in Gilmer County, followed by 19.41 inches recorded near Dillard, Georgia, in Rabun County and 18.75 inches near Warm Springs, Georgia, in Meriwether County. By comparison, an observer in far southeastern Georgia, near Kingsland, received less than an inch for the entire month. Severe weather occurred on three days last month. The most notable was a weak EF0 tornado, which blew down numerous trees near Culloden, Georgia, in Monroe and Upson counties on the afternoon of Dec. 24. The outlook for January and the rest of winter shows a return to more normal wintertime conditions. Cold air is expected to move into the state in the next week and remain through much of the next two months, although daily values will vary. This should be a relief to farmers who need the chill hours to get a good yield for their fruit. El Niño is near its maximum extent but should continue to influence Georgia’s climate for the next few months before it wanes and likely swings to the opposite phase, La Niña, by midsummer, which could lead to dry conditions later in the growing season. For more information, please see the “Climate and Agriculture in the South East” at blog.extension.uga.edu/climate/. For more on Georgia’s climate visit gaclimate.org. Please feel free to email your weather and climate impacts on agriculture to share on the blog to [email protected]last_img read more

Green Mountain Power Renewable Energy Rate Revised

first_imgGREEN MOUNTAIN POWER RENEWABLE ENERGY RATE REVISEDTO SUPPORT VERMONT PROJECTs COLCHESTER, VT… (November 30, 2007) The Vermont Public Service Board today approved revisions to Green Mountain Power’s renewable energy rate, called GreenerGMP. The revisions allow Green Mountain Power to use all the proceeds from the customers purchasing energy under GreenerGMP to purchase Vermont renewable energy projects as they become available, rather than renewable resources elsewhere in New England. “We already have more than 500 customers participating in GreenerGMP, and we believe these changes will make our renewable energy program more attractive to more of our customers,” said Mary Powell, senior vice president and chief operating officer. “We believe Vermonters prefer to support local projects and we are working on several fronts to be able to offer local renewable energy projects to our GreenerGMP customers.” In addition to targeting Vermont projects, revisions to the program include simplifying the way the rate is calculated, which will make the program easier to communicate, easier to understand and less costly to administer. Green Mountain Power worked closely with Renewable Energy Vermont in redesigning the program. Sam Swanson, Chair of the Board of Directors of Renewable Energy Vermont said, “We appreciate that Green Mountain Power’s revised program will help support the development of new renewable power in Vermont, an important industry in this state. In addition, we believe that the new program design may stabilize the renewable rate it charges customers over the long run by encouraging long term renewable energy purchase commitments.” “We are grateful to all the help we received from Renewable Energy Vermont in thinking through ways to improve our program,” said Ms. Powell. “The expertise of our local renewable energy community is a wonderful resource and invaluable to us as we move forward.” Green Mountain Power (www.greenmountainpower.biz(link is external)) is an electric utility owned by Northern New England Energy Corporation, a wholly-owned subsidiary of Gaz Métro, a leading Québec energy company with a long history of investment in Vermont. Green Mountain Power transmits, distributes and sells electricity and utility construction services in the State of Vermont in a service territory with approximately one quarter of Vermont’s population. It serves approximately 92,000 customers.-30-last_img read more

Blairsville, Ga.

first_imgPopulation: 652Public lands: Chattahoochee National Forest, Wolf Creek Falls at Vogel State Park, Desoto Falls, Raven Cliff Falls, Anna Ruby Falls, Vogel State Park,Outdoor Highlights: hiking the Appalachian Trail, waterfall viewing, paddling, hiking and biking Brasstown Baldlast_img

Sinaloa Cartel and Juárez Cartel operatives brought to justice

first_imgRafael Humberto Celaya Valenzuela, 41, was convicted October 15 of conspiring to distribute controlled substances, including cocaine, heroin and methamphetamine. A jury in the U.S. District Court in the U.S. state of New Hampshire came to the verdict after three co-conspirators – Manuel GutiérrezGuzmán, Samuel Zazueta Valenzuela and Jesús Gonzalo Palazuelos Soto – all pleaded guilty to working for the Sinaloa Cartel. “Carrillo Fuentes … facilitated murder and violence in Mexico while fueling addiction in the United States and across the world,” DEA Administrator Michele Leonhart said. I hope that in these cases the law that the green one proposed is applied – a life sentence – that and nothing less is what all these thieves and people who cause great damage to society deserve. Rafael Humberto Celaya Valenzuela, 41, was convicted October 15 of conspiring to distribute controlled substances, including cocaine, heroin and methamphetamine. A jury in the U.S. District Court in the U.S. state of New Hampshire came to the verdict after three co-conspirators – Manuel GutiérrezGuzmán, Samuel Zazueta Valenzuela and Jesús Gonzalo Palazuelos Soto – all pleaded guilty to working for the Sinaloa Cartel. El Chapo and his top lieutenant, Ismael “El Mayo” Zambada, are accused of committing “hundreds of acts of violence, including murders, assaults, kidnappings, assassinations and acts of torture,” according to a 21-count indictment recently unsealed in the Eastern District of New York. The four suspects put 346 kilograms of cocaine on a cargo ship that left a port in Algeciras, Spain, on July 27, 2012 – but with the cooperation of the Spanish National Police, FBI agents seized the cargo on August 7 and arrested the cartel operatives in Madrid. They were later extradited to New Hampshire. Each faces a mandatory minimum sentence of 10 years in prison, with a possible maximum sentence of life in prison. GutiérrezGuzmán, Zazueta Valenzuela and Palazuelos Soto are scheduled to be sentenced between December 22, 2014 and January 15, 2015. Celaya Valenzuela, who turned down a plea deal that stipulated he’d spend between 10 and 20 years in prison, will be sentenced on January 22. More members of Mexico’s violent Sinaloa and Juárez cartels have been brought to justice. GutiérrezGuzmán is a cousin of longtime Sinaloa Cartel kingpin Joaquín “El Chapo” Guzmán, who has been incarcerated since Mexican marines captured him in February. His guilty plea marks another major blow to the cartel, which is one of the world’s largest and most powerful drug trafficking organizations. It operates in 50 countries, including Honduras, Guatemala, and Australia, according to the U.S. Drug Enforcement Administration (DEA). El Chapo was Mexico’s most wanted drug lord when marines captured him in February at a seaside apartment complex in the city of Mazatlán. He’s behind bars in a Mexican prison, accused of trafficking cocaine, marijuana, heroin and methamphetamine worth billions of dollars. Alleged Juárez Cartel kingpin ‘El Viceroy’ captured At the checkpoint, FP agents questioned the authenticity of the identification card presented by Carrillo Fuentest – also known as “El Viceroy”. When he admitted it was false and acknowledged his true identity, FP agents placed him and his bodyguard under arrest, and seized the two vehicles. El Chapo and his top lieutenant, Ismael “El Mayo” Zambada, are accused of committing “hundreds of acts of violence, including murders, assaults, kidnappings, assassinations and acts of torture,” according to a 21-count indictment recently unsealed in the Eastern District of New York. For years, Vicente Carrillo Fuentes, the alleged leader of the Juárez Cartel, evaded capture by moving frequently and at times using false identification. But it was his fake identification card that gave him away, when Mexican Federal Police (FP) spotted it and placed him under arrest at a traffic checkpoint in the northern city of Torreón on October 9. “He was one of the most important men that Mexican justice had to capture,” Mexican National Security Council head Monte Alejandro Rubido said. Mexican security forces are looking for El Mayo, who is wanted in Mexico and in the United States for drug trafficking and related offenses. The Mexican government had been offering a reward of more than $2 million (USD) for information leading to the capture of El Viceroy. Prosecutors had obtained five arrest warrants for him on charges of drug trafficking and related crimes. El Viceroy is also wanted in the United States, where he is facing federal charges in Texas for drug trafficking, money laundering, and ordering homicides to further the cartel’s criminal enterprises. Mexican security forces are looking for El Mayo, who is wanted in Mexico and in the United States for drug trafficking and related offenses. FBI agents started pursuing the cartel operatives in early 2010, according to U.S. federal court records. The agents posed as members of a European organized crime organization so they could meet the suspects, who were trying to establish new cocaine trafficking routes from South America to the U.S., Canada and Europe. They finally arranged meetings in the U.S. cities of Miami, Fla., Boston, Mass., and in Portsmouth and New Castle, N.H., and in Madrid, Spain – all while documenting their discussions with audio and video tapes that were played for the Celaya Valenzuela jury. The four suspects put 346 kilograms of cocaine on a cargo ship that left a port in Algeciras, Spain, on July 27, 2012 – but with the cooperation of the Spanish National Police, FBI agents seized the cargo on August 7 and arrested the cartel operatives in Madrid. They were later extradited to New Hampshire. Each faces a mandatory minimum sentence of 10 years in prison, with a possible maximum sentence of life in prison. GutiérrezGuzmán, Zazueta Valenzuela and Palazuelos Soto are scheduled to be sentenced between December 22, 2014 and January 15, 2015. Celaya Valenzuela, who turned down a plea deal that stipulated he’d spend between 10 and 20 years in prison, will be sentenced on January 22. FBI agents started pursuing the cartel operatives in early 2010, according to U.S. federal court records. The agents posed as members of a European organized crime organization so they could meet the suspects, who were trying to establish new cocaine trafficking routes from South America to the U.S., Canada and Europe. They finally arranged meetings in the U.S. cities of Miami, Fla., Boston, Mass., and in Portsmouth and New Castle, N.H., and in Madrid, Spain – all while documenting their discussions with audio and video tapes that were played for the Celaya Valenzuela jury. By Dialogo October 17, 2014 “[The] guilty verdict, together with the guilty pleas of the defendant’s co-conspirators, demonstrates the Department of Justice’s commitment to disrupting and dismantling international drug trafficking organizations wherever they seek to peddle their poison,” said U.S. Attorney John Kacavas. GutiérrezGuzmán is a cousin of longtime Sinaloa Cartel kingpin Joaquín “El Chapo” Guzmán, who has been incarcerated since Mexican marines captured him in February. His guilty plea marks another major blow to the cartel, which is one of the world’s largest and most powerful drug trafficking organizations. It operates in 50 countries, including Honduras, Guatemala, and Australia, according to the U.S. Drug Enforcement Administration (DEA). More members of Mexico’s violent Sinaloa and Juárez cartels have been brought to justice. El Chapo was Mexico’s most wanted drug lord when marines captured him in February at a seaside apartment complex in the city of Mazatlán. He’s behind bars in a Mexican prison, accused of trafficking cocaine, marijuana, heroin and methamphetamine worth billions of dollars. “Carrillo Fuentes … facilitated murder and violence in Mexico while fueling addiction in the United States and across the world,” DEA Administrator Michele Leonhart said. The Mexican government had been offering a reward of more than $2 million (USD) for information leading to the capture of El Viceroy. Prosecutors had obtained five arrest warrants for him on charges of drug trafficking and related crimes. El Viceroy is also wanted in the United States, where he is facing federal charges in Texas for drug trafficking, money laundering, and ordering homicides to further the cartel’s criminal enterprises. Alleged Juárez Cartel kingpin ‘El Viceroy’ captured “[The] guilty verdict, together with the guilty pleas of the defendant’s co-conspirators, demonstrates the Department of Justice’s commitment to disrupting and dismantling international drug trafficking organizations wherever they seek to peddle their poison,” said U.S. Attorney John Kacavas. At the checkpoint, FP agents questioned the authenticity of the identification card presented by Carrillo Fuentest – also known as “El Viceroy”. When he admitted it was false and acknowledged his true identity, FP agents placed him and his bodyguard under arrest, and seized the two vehicles. “He was one of the most important men that Mexican justice had to capture,” Mexican National Security Council head Monte Alejandro Rubido said. For years, Vicente Carrillo Fuentes, the alleged leader of the Juárez Cartel, evaded capture by moving frequently and at times using false identification. But it was his fake identification card that gave him away, when Mexican Federal Police (FP) spotted it and placed him under arrest at a traffic checkpoint in the northern city of Torreón on October 9. last_img read more

EMV 101: Understanding the new landscape

first_imgPSCU’s EMV card deployment began in 2011, supporting the movement to adopt EMV technology in the United States, when the CUSO became one of the first in the Credit Union industry to offer plastics that incorporate EMV technology. In 2014, innovators and early adopters began to lead the way in implementing EMV technology for debit cards. In 2015, the majorities followed suit and joined the EMV technology revolution in the United States. And in 2016, consumers, businesses and credit unions who aren’t utilizing EMV chips will be behind the times, and face a higher risk of incurring losses from fraudulent card transactions.The beginning of October marks a liability shift in card fraud, as established by the Card Associations. The issuer currently covers any losses resulting from the transactions, but after October 1, the party that isn’t supporting EMV technology will be liable for the fraudulent purchases. In 2017, this policy will extend to automated teller machines and fuel dispensers at gas stations.As the United States payment card industry moves away from magnetic-stripe cards to ones that utilize EMV chips, it’s vital to have systems and processes in place to help financial institutions navigate the transition. Now that EMV is here to stay, the following information will help get you up to speed:What does EMV stand for? EMV is an acronym for its developers – Europay, MasterCard and Visa. Essentially, it’s the world’s standard for exchanging data between chip-based payment cards and point-of-sale terminals.What is a chip card? A chip card, or “smart card,” has a microchip embedded into the credit or debit card, which is encrypted to provide stronger security and protection against fraud. EMV cards are the same size and thickness as standard magnetic-stripe cards.How does it work? The new card reader will prompt you to insert your card into a slot on the terminal instead of swiping it. Once you insert your card, the reader will take a few seconds to process as this method enables the card to communicate directly with the terminal. In addition, nearly all cards also have a magnetic stripe for use at terminals that have not yet adopted the EMV system.Are EMV transactions more secure? Yes, EMV cards store payment information in a secure chip rather than on a magnetic stripe, and the personalization of EMV cards is done using issuer-specific keys. Unlike a magnetic-stripe card, it’s virtually impossible to create a counterfeit EMV card that can be used to conduct an EMV payment transaction successfully.Where has EMV been adopted?EMV has been implemented in more than 80 countries worldwide, with approximately 1.5 billion EMV cards issued globally and 21.9 million point-of-sale terminals accepting EMV cards at the end of 2011. In 2011 and 2012, American Express, Discover, MasterCard and Visa all announced plans for moving to an EMV-based payments infrastructure in the United States.Should credit unions adopt EMV? Absolutely. The system not only represents a more secure future for card payments, but also promises to reduce card fraud and counterfeiting. According to global payment technology solutions company First Data, more than half of all fraudulent card transactions happen in the United States, and losses due to credit card fraud are expected to top over $10 billion in 2015 alone. In addition, credit card fraud rates have doubled in recent years, representing 10 cents out of every $100 transacted.PSCU recently partnered with First Data to enable our member-owner credit unions across the country to issue debit cards with EMV technology to their members. With this solution, credit union members will be primed to take advantage of the fraud prevention advancements that EMV offers and have peace of mind that their credit unions are focused on securing their data. 25SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Vladimir Jovanovic Vladimir Jovanovic leads the Debit, Prepaid and ATM Product Management at PSCU, with responsibility for strategic direction of the company’s payment products and services. With over 15 years of payment … Web: www.pscu.com Detailslast_img read more