Threat of T’Storms Possible for Night In Venice
It’s that time of year again for the annual Night in Venice and we will be crossing our fingers hoping the weather will cooperate the parade and fireworks. The good news is that temperatures on Saturday will not be as hot, but high humidity remains. The bad news is that we run the risk of the potential of severe t’storms Saturday night.NOAA: Risk for severe storms are possible for Saturday.It will be a great beach day, however, as we are looking dry with light southeast winds. Temperatures will be topping off in the mid 80s. UV Index will be very high again, so use the sunblock. Surf will be around 3 feet with water temperatures in the mid to upper 70s.A disturbance will be sliding into our region later in the day which will bring the chance of scattered showers and t’storms. T’storms could produce very heavy rain, frequent lightning and strong wind gusts.Computer models show scattered showers/t’storms across parts of New Jersey after 7pm. (Courtesy:tropicaltidbits.com)For Sunday, we continue the risk of scattered showers and t’storms as a frontal boundary hangs across the Northeastern U.S. Any clouds and showers during the morning or early afternoon could keep temperatures down a bit. Highs should reach the low 80s.Computer models show a batch of showers/t’storm possible during the morning/early afternoon on Sunday. (Courtesy:tropicaltidbits.com)
Are there benefits to migrating to Office 365 for credit unions?
Microsoft’s Office 365 provides unparalleled productivity for private users, students, and businesses alike. However, because it’s a relatively new product, some are reluctant to adopt it. Here are a few benefits of moving to Office 365.And before we go too far, let’s get a few things straight. We don’t condone moving to a platform just because it’s new, nor do we recommend rethinking business strategies every time a company releases a new product. In fact, we know that there’s very little “new” about Office 365 in general, aside from an update to its business model.With that said, it’s time to take a real look at how you can benefit from moving to Microsoft’s Office 365. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
Tamarind’s New Zealand subsidiary goes into voluntary administration
The New Zealand subsidiary of Malaysia’s energy company Tamarind Resources has gone into voluntary administration due to an “unsustainable financial position.”Illustration; Image: TamarindTamarind said on Tuesday that Jason Kardachi and Mitchell Mansfield of Borrelli Walsh were appointed as administrators of Tamarind Taranaki on Monday, November 11.“The appointment of the administrators is as a result of a number of commercial factors including a deterioration in oil price amongst others affecting the performance of the company, which has contributed to the company’s current financial position being unsustainable absent a restructuring,” Tamarind stated.According to the company, the administrators will be directly controlling the assets, operations, books, and records of Tamarind Taranaki during the administration period.The purpose of the voluntary administration is to seek to maximize the prospects of the company continuing its business or if this is not possible, to achieve a better return for creditors than would result from an immediate liquidation.The effect of the appointment of administrators is to place a moratorium on the payment of creditors up to the date of appointment.The administrators will propose to creditors a deed of company arrangement (DOCA), which will be voted on by all creditors. The proposed DOCA will set out a detailed plan for the repayment of outstanding creditors to the extent this is supportable by available funding and the continuing business of the company.Tamarind in October terminated a contract for the BW Offshore-owned FPSO Umuroa, operating at its Tui field in New Zealand.The vessel owner said it would seek to recover all outstanding hire from Tamarind Resources and its parent company under the provisions of the existing contracts.Also, it is worth reminding that Tamarind put a stop to its New Zealand offshore drilling plans at the Tui oil field in the Taranaki Basin after being unable to reach an agreement with offshore drilling contractor COSL in mid-September.Offshore Energy Today reached out to the administrators of Tamarind Taranaki to see how the administration would influence the drilling plans on the Tui field. We will edit the article with additional information if and when we receive a response.The Tui Area Oil Project constitutes three fields, Tui, Amokura, and Pateke, which started production on July 30, 2007, and produce from four horizontal wells flowing to the FPSO Umuroa. The oil is processed on the Umuroa before being exported via export tankers destined for refineries on Australia’s eastern seaboard. The FPSO has a storage capacity of 700,000 barrels of stabilized crude oil.The Tui area was previously operated by AWE until Tamarind took over operatorship in March 2017.Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email. Also, if you’re interested in showcasing your company, product or technology on Offshore Energy Today, please contact us via our advertising form where you can also see our media kit.