Teekays FPSO Charter Contract for Cheviot Terminated

first_imgzoomImage Courtesy: Teekay Corporation Teekay Offshore Partners’ charter deal for the Petrojarl Varg floating production, storage and offloading (FPSO) unit has been terminated, according to a company statement.Under the contract, signed between the company’s subsidiaries and Alpha Petroleum Resources Limited (Alpha Petroleum) in October 2018, the vessel was to operate on the Cheviot oil field on the UK continental shelf.The deal was for a seven-year fixed term from first oil, which was targeted for the second quarter of 2021, after a life extension and upgrade phase for the Petrojarl Varg taking place at Sembcorp Marine’s shipyard in Singapore.The effectiveness of the agreement remained subject to a number of conditions precedent being satisfied, including that Alpha Petroleum provide initial funding to cover life extension and upgrade costs.“As a result of this condition precedent not having been satisfied by the prescribed contractual deadline, this agreement and all commitments related thereto, have now been terminated and as such the partnership and its subsidiaries will be immediately pursuing a range of alternative deployment opportunities for the Petrojarl Varg,” Teekay Offshore explained.Chris Brett, President Teekay Offshore Production, said that the company is looking forward “to advancing the next project for the Petrojarl Varg, which could still include the Cheviot development under a revised financing model.”last_img read more

Harper giving First Nations the back of his hand by linking welfare

first_imgAPTN National NewsOTTAWA–Prime Minister Stephen Harper is giving First Nations “the back of his hand” by introducing a program linking welfare payments to job training, says Opposition Leader Thomas Mulcair.The $241 million program, unveiled as part of the Harper government’s 2013 federal budget, would force on-reserve First Nation youth aged between 18 and 24 take job training if they want to receive welfare payments. First Nation bands can only access the program funding if they agree to enforce the link.“At a time when First Nations are holding out a hand for reconciliation, he’s giving them the back of his hand,” said Mulcair.”It’s insulting, it’s paternalistic and they’re the only ones who are getting this kind of proposal.”Only $109 million of the total will be used for actual “personalized job training,” while the remaining, larger portion of $132 million will go toward the administration of the program.First Nations leaders agreeing to take part in the funding program will also have to follow the rules set out by their particular provinces that run these so-called incentive programs.Conservative Manitoba MP Shelly Glover, the parliamentary secretary for finance, said First Nations people were asking for this type of program.“Folks do not want a welfare cheque, they want a job, they want to be able to have the skills to be employed in different jobs so they can support their families,” said Glover, during a live debate on APTN National News’ political panel which aired Thursday evening.“That is why we are offering to provide the skills training to ensure they do in fact rise up out of that situation.”Liberal Aboriginal affairs critic Carolyn Bennett shot back at Glover saying, “no one asked for workfare Shelly.”Glover, who is part of the Conservative party’s Aboriginal caucus, responded saying, “You don’t listen.”Bennett said the Harper government should have concentrated funding on improving K to 12 education.“When only a third of young people are finishing high school we would rather they didn’t end up on social assistance,” said Bennett. “The way you end up with them not on social assistance is to make sure they are successful in elementary and high school.”NDP Aboriginal Affairs critic Jean Crowder called the announced program a “bombshell” that showed the Conservative government was not interested in building its relationship with First Nations people.“If this is the prime minister’s idea of resetting the relationship, this is a dismal failure,” said Crowder.Glover, however, said Crowder was wrong.“Of course they consulted,” she said.last_img read more