ConocoPhillips sells Greater Sunrise stake to Timor-Leste

first_imgConocoPhillips agreed to sell its 30 percent interest in the Greater Sunrise Fields to the government of Timor-Leste for $360 million.Proceeds from this transaction will be used for general corporate purposes, ConocoPhillips said in a statement.“Although we differ with the government on its proposed development plan for Sunrise, we recognize the importance of the field to the nation of Timor-Leste, and the sale of our interest to the government gives them a working interest in this important development,” said Matt Fox, executive vice president, strategy, exploration and technology, at Conoco Phillips.The transaction is expected to close in the first quarter of 2019.The sale gives the government of Timor-Leste interest in the Woodside-operated multi-billion Greater Sunrise LNG project that stalled due to the maritime border dispute between Timor-Leste and Australia.The project received a major boost in March this year when the two governments signed a treaty establishing permanent maritime boundaries as well as a framework to jointly develop the Greater Sunrise gas fields.The fields were discovered in 1974 and hold gross contingent resources of 5.13 Tcf of gas and 225.9 million barrels of condensate, according to Woodside.The Australian LNG player, together with its partners plans on developing the resources through the Sunrise LNG project.When the interest sale deal between ConocoPhillips and the government of Timor-Leste closes, partners in the Sunrise LNG project will include the operator Woodside with a 33.44 percent stake, Timor-Leste government (30 percent), Shell (26.56 percent) and Osaka Gas with a 10 percent stake.last_img read more

Garnett means more to Celtics than just offense

first_imgIt didn’t take long for the Celtics to show just how much Kevin Garnett means to the defending NBA champions.How so? Well, it only took one game in 2009 for the Celtics to lose a home playoff game. Last year, the Celtics lost only one game at home during the entire playoffs, and that was in the Eastern Conference Finals against Detroit.Oh, and did I mention they were playing the Bulls?Now I’m not one to bash Chicago sports (unless of course the Dodgers are beating up the Cubs), but the No. 7 seed Bulls aren’t really what I would call a spectacular team. Yeah, they have Derrick Rose, but Chicago doesn’t really have much firepower aside from the rookie out of Memphis.With that description, you would expect Chicago to be home early from the postseason. I mean, in the western conference, the Bulls wouldn’t even be in the playoffs to begin with.The Celtics on the other hand, have been among the NBA’s elite teams all season long. Rajon Rondo has developed into an outstanding point guard (even though his jump shot could use a bit of work) and Glen “Big Baby” Davis has been more than serviceable down low.But let’s face it; the “Boston Three Party” doesn’t include either Rondo or Davis. Of course Paul Pierce and Ray Allen are superstars, but without Garnett, they lack the superstar talent to put them over the top of the Cleveland Cavaliers.At this rate though, the Celtics won’t even be making the conference finals, and even though they’ve only played one game, it should be a bit concerning. Not just because Boston lost to a team that clearly isn’t as good as it is, but because down the stretch, the Bulls were able to score at will.Tyrus Thomas nailed jumper after jumper and Rose seemingly toyed with Rondo and drove to the lane without anyone being able to stop him — that’s where the biggest difference lies.Without Garnett, the Lakers beat the Celtics in the 2008 NBA Finals. Pau Gasol doesn’t get scared by Kendrick Perkins, and Boston is then relying on Rondo’s 11.9 points per game to make up for KG’s absence.But against every great team, the Celtics will need to stop a slasher like Rose. The Cavaliers (LeBron) and the Lakers (Kobe) — the Celtics’ two biggest opponents — will tear Boston apart if Garnett can’t return (it doesn’t look like he’s going to).Aside from the physical attributes Garnett brings, which are obviously among the best in the NBA, his demeanor on and off the court is something the Celtics can’t play without. I’m not necessarily talking about his point and rebound totals, but rather the way he affects the players around him.For example, take a look at Davis. Earlier this season, Garnett made “Big Baby’s” name a reality, making the 6-foot-9 forward cry on the bench after playing poorly filling in for the Celtics starters. With a 6-foot-11 future hall of famer telling you that you suck, it might prove to be motivational in the future. And what did Davis do for the rest of the season? He worked on his mid-range jump shot and learned how to box out NBA players, earning seven points and four rebounds per game, a very respectable mark for a second-year player off the bench.Now I’m a pacifist, and I know I wouldn’t like someone yelling at me to do my job better, but in the Celtics’ case, that’s just what they need. As long as Pierce has been on the Celtics, he alone has never been able to lead Boston to an NBA title.The first year Garnett came in, he did it. I’m not saying Pierce and Allen don’t want to win a championship, but without Garnett pushing the players to play to their maximum potential, it will be a stretch to see Boston carrying back-to-back titles.However, this mysterious injury might not be all that bad. Who knows? Maybe Garnett will be back to help the Celtics beat the Lakers yet again. First though, they’ll need to get by the Chicago Bulls.But hey, as KG put it last year, “Anything is possible!”Jonah is a sophomore majoring in journalism and Hebrew and Semitic studies. Think Pierce and Allen can lead Boston to another NBA title? Is Garnett really that important to the Celtics? Send your thoughts to read more

Miller drives in 7 as Cardinals pound Gray, Reds 16-2

first_img Associated Press Television News First Published: 2nd September, 2020 07:59 IST WATCH US LIVE LIVE TV COMMENT Brad Miller homered twice and drove in a career-high seven runs, and the St. Louis Cardinals pounded Sonny Gray and the Cincinnati Reds 16-2 on Tuesday night.Miller sparked St. Louis’ six-run first inning against Gray with a two-run double that glanced off the glove of diving first baseman Joey Votto and bounced down the line. He hit a two-run shot in the second, an RBI single in the fifth and another two-run homer in the eighth, clanging a drive off the foul pole in right.Kolten Wong went 4 for 4 and scored four times as the Cardinals set season highs for runs and hits with 23. St. Louis has won three straight games after a four-game losing streak.It was the worst loss of the season for the free-falling Reds, who have dropped three straight and four of five. They have been outscored 33-8 during the losing streak.St. Louis left-hander Kwang Hyun Kim (2-0) pitched five innings of three-hit ball, extending his scoreless streak against the Reds to 11 innings over two starts. No Reds baserunner got past second base against him.Votto greeted Ryan Helsley with a leadoff home run in the sixth. Curt Casali added an RBI double in the ninth.Image credits: AP center_img FOLLOW US Last Updated: 2nd September, 2020 07:59 IST Miller Drives In 7 As Cardinals Pound Gray, Reds 16-2 Brad Miller homered twice and drove in a career-high seven runs, and the St. Louis Cardinals pounded Sonny Gray and the Cincinnati Reds 16-2 on Tuesday night SUBSCRIBE TO US Written Bylast_img read more

Ben Zobrist set to begin road to return as Cubs continue to struggle

first_imgTwo days after shoring up their lineup and bench at the trade deadline, more help is on the way for the Cubs. Ben Zobrist, who has been on the restricted list for nearly three months, will join the Cubs’ Single-A South Bend affiliate Friday as he begins his road back to the majors. Cardinals have ‘high level of frustration’ about quiet trade deadline, president says While the Cubs have indicated at various points since then that they expected Zobrist back this season, the final year of his contract, there has been no concrete timetable for his return. Team president Theo Epstein said on 670 The Score Friday that the team will give Zobrist plenty of time to ensure he’s ready. “We’re expecting this to take most of if not all of August,” Epstein said. “He’s been working out. He’s been performing baseball activities on his way, but he’s obviously got to see a lot of live pitching. We’ll see how it goes. He’s going to start with three games in South Bend and then take a few days off, (so as) not to do too much too soon and then reassess. I think it’s safe to say there will be a number of spots at a number of different affiliates and certainly there will be some Triple-A time before he ultimately comes up here.”Zobrist was the MVP of the 2016 World Series in his first year after coming over from the Royals, where he also won a title in 2015. He previously played for Cubs manager Joe Maddon in Tampa Bay, where he made his major league debut in 2006. Maddon will take all the help he can get at this point as the Cubs’ postseason hopes hang in the balance. Chicago slipped behind St. Louis in the NL Central with an 8-0 loss to the Cardinals on Thursday, recording only one hit in the process. That came from Nicholas Castellanos, the Cubs’ marquee acquisition at the trade deadline. He and fellow newcomer Tony Kemp both got starts Thursday, but Maddon indicated he’ll be playing the hot hand with his lineups the rest of the way.  “We just have to put out there what we consider to be the right thing to do,” Maddon said before the game, via ESPN. “I can’t be as aware, in a sense, as I was last year, in giving guys plate appearances and at-bats, developmentally speaking. We have two months to put our best foot forward. I will move guys in and out, but I don’t feel as compelled to do it as I felt last year.”It’s big boy time.”Zobrist had an anemic .596 OPS through 26 games when he stepped away from the team, but he has come up huge in pressure situations before. It looks like he’ll have a chance to do so one more time.center_img The 38-year-old utilityman is set to DH for South Bend on Friday, the Chicago Tribune reported, but is not expected to address the media. Zobrist last played on May 6 and went on the restricted list two days later. The following week, he and his wife of more than 13 years, Julianna, separately filed for divorce — Julianna in Illinois and Ben in Tennessee, their offseason home. Related News Nicholas Castellanos reacts to being traded to Cubslast_img read more

Charles City, Algona K-Mart stores closing, final locations in Iowa

first_imgCHARLES CITY — The final two K-Mart stores in Iowa, located here in north-central Iowa are closing. Sears Holdings, the parent company of K-Mart, confirms that their stores in Charles City and Algona will be closing in February. Employees of both stores were informed earlier this week of the decision, with liquidation sales at those locations expected to start in a couple of weeks. A number of K-Mart stores have closed across Iowa in the last year, including those in Webster City and Cherokee. Sears Holdings last month had announced another round closings would take place, but most of the locations impacted were not revealed at the time.last_img read more