Showing posts with label despite. Show all posts
Showing posts with label despite. Show all posts

Monday, 27 June 2011

Gas drilling might disappoint investors: NYT






While gas companies like ConocoPhillips and Chesapeake Energy Corporation are making big bets on wells to extract energy from shale formations, industry insiders have doubts that the companies will be able to deliver on their promises to investors.
which prepared a report based on an investigation of e-mails and documents, energy executive, industry lawyers, state geologists and market scepticism question whether natural gas companies are exaggerating how productive their wells will be.


 it researched well data and found that many of them are surrounded by less-productive zones that cost more to drill and operate than the resulting gas is worth.

The newspaper said its investigation found that in many of the wells, the amount of gas produced is falling faster than the companies had expected.

None of the e-mails explicitly accuse any companies of breaking the law.

Chesapeake could not be reached for comment.

ConocoPhillips, which on June 16 signed a deal with the Bangladesh government over exploration in the Bay of Bengal despite protests from citizen quarters, declined to comment on the issue.

The energy giant will start its seismic survey by December in deep sea blocks 10 and 11, an area of 5158 square kilometres. The depth of water is between 1,000 and 1,500 metres and the blocks are about 280 kilometres away from the Chittagong port.

The firm under its mandatory work programme must initiate seismic survey in a grid of 10km by 10km space over the whole of the blocks.

The Texas-based company has pledged $160 million bank guarantee for working in three phases and the contract period is nine years.

The oil giant won blocks 10 and 11 in 2008 in the second-round bidding for the production sharing contract (PSC), but could not sign the PSC with state-run Bangladesh Oil, Gas and Mineral Corporation, or Petrobangla, as parts of these blocks were also claimed by neighbouring India and Myanmar.

The country is divided into 52 blocks, 28 of which are in the Bay.

Experts say ConocoPhillips will have the authority to export 80 percent of gas, and Petrobangla will get the rest, which will have to be carried to the shore at its own cost — not an economically viable proposition for Bangladesh, in any case.

Friday, 17 June 2011

Zawahri will be hunted: US

  Al Qaeda's new chief Ayman al-Zawahri lacks Osama bin Laden's stature among Islamists worldwide but the United States is just as determined to hunt him down and kill him as it did his predecessor.

Defence Secretary Robert Gates said Zawahri, al Qaeda's longtime second-in-command and now its top leader, does not have the "peculiar charisma" and operational experience of bin Laden, who was killed by US forces last month.

But Gates and other US officials said al Qaeda remains a threat despite its loss of bin Laden, who was considered the driving force behind the Sept. 11, 2001, attacks on the United States.

"We should be mindful that ... al Qaeda seeks to perpetuate itself, seeks to find replacements to those that have been killed and remains committed to the agenda that bin Laden put before them," Gates told .



"So I think he's (Zawahri's) got some challenges but I think it's a reminder that they are still out there and we still need to keep after them," he said.

Admiral Mike Mullen, chairman of the Joint Chiefs of Staff, made clear that Zawahri -- an Egyptian-born ideologue -- remained high on the US list of hunted militants even after commandos killed bin Laden in a raid on his Pakistan hide-out 45 days ago.

"He and his organisation still threaten us. And as we did seek to capture and kill -- and succeed in killing -- bin Laden, we certainly will do the same thing with Zawahri," Mullen told.



Zawahri has taken over the leadership after the killing of bin Laden,

Saturday, 11 June 2011

SYRIA UNREST Copters open fire to disperse protesters




  Syrian helicopter gunships fired machineguns to disperse pro-democracy protests, witnesses said, in the first reported use of air power to quell unrest in Syria's increasingly bloody three-month-old uprising.

The use of the aircraft came on a day of nationwide rallies against President Bashar al-Assad, as unrest showed no sign of abating despite the harsh crackdown by his authoritarian state.


The helicopters opened fire in a northwestern town after security forces on the ground killed five protesters, said the Syrian Observatory for Human Rights.


"At least five helicopters flew over Maarat al-Numaan and began firing their machineguns to disperse the tens of thousands who marched in the protest," one witness said by telephone.


"People hid in fields, under bridges and in their houses, but the firing continued on the mostly empty streets for hours," said the witness, who gave his name as Nawaf.


Syria's state television, in contrast, blamed violence in the area on anti-government groups. It made no mention of attack helicopters but said an ambulance helicopter had come under fire over Maarat from "terrorist armed groups," injuring crew.


Britain, France, Germany and Portugal have asked the U.N. Security Council to condemn Assad, though veto-wielding Russia has said it would oppose such a move.


Denouncing the Syrian government's actions, the White House said Friday's "appalling violence" had led the United States to back the European draft resolution at the United Nations. "The Syrian government is leading Syria on a dangerous path," the White House said.


Foreign Minister Walid al-Moualem wrote to the Security Council accusing the opposition of violence and sabotage, Al Arabiya television said. Foreign governments were basing their views on "inaccurate information," it said.


State television said earlier well-armed "terrorist groups" had burned police buildings and killed members of the security forces in Maarat al-Numaan, which lies 55 km (35 miles) south of Syria's second city Aleppo on the highway to Damascus.


LETTER ASKING FOR HELP


Moualem's letter asked for UN help to combat "extremism and terrorism." Damascus wanted dialogue with the opposition, the letter said.


Syrian authorities have banned most foreign correspondents from the country and have repeatedly tried to portray anti-government protesters as armed and violent.


"There were peaceful protests today (in Maarat) calling for freedom and for the downfall of the regime," one demonstrator said by phone. "The security forces let us protest, but when they saw the size of the demonstration grow, they opened fire to disperse us."


"During the protest, two officers and three soldiers refused to open fire so we carried them on our shoulders. After that, we were surprised to see helicopters firing on us."


The northwest border area, like other protest hotspots, is prone to tension between majority Sunni Muslims and Assad's Alawite sect, which dominates the Syrian power elite. The violence may reflect splits within the security forces, whose commanders are mainly Alawite and conscripts Sunni.


Activists said Syrian forces had shot dead at least 33 at rallies across the country after Friday prayers.

Secretary-General Ban Ki-moon had been trying to call Assad all week but was told that the president was "not available."


REFUGEES FEAR "SLAUGHTER"


Thousands of civilians have fled from the northwestern border area into Turkey, fearing security forces' revenge for incidents in which 120 troops were reported killed this week.


Local people said at least 15,000 troops along with some 40 tanks and troop carriers had deployed near Jisr al-Shughour.


"Jisr al-Shughour is practically empty. People were not going to sit and be slaughtered like lambs," said one refugee who crossed the border into Turkey.


A 40-year-old from Jisr al-Shughour, with a bullet still in his thigh, also described mutiny in Syrian ranks.


"Some of the security forces defected and there were some in the army who refused the orders of their superiors," he said. "They were firing on each other."


Human rights activists aired a YouTube video described as from a Lieutenant Colonel Hussein Armoush, saying he had defected with soldiers to "join the ranks of the masses demanding freedom and democracy."


A Turkish newspaper said Ankara was looking into creating a buffer zone along the border as a contingency if hundreds of thousands of Syrians are driven out.


The International Committee of the Red Cross urged Syria to allow its aid workers wider access to the civilian population, including the many believed wounded or detained.


Rights groups say over 1,100 civilians have been killed since March in the revolt to demand more political freedoms and an end to corruption and poverty.






Thursday, 9 June 2011

Obama holds big 2012 lead over Republicans


President Obama greets a student during a visit to Northern Virginia Community College in Alexandria, Virginia, June 8, 2011. REUTERS/Kevin Lamarque
President Barack Obama retains a big lead over possible Republican rivals in the 2012 election despite anxiety about the economy and the country's future, according to a Reuters/Ipsos poll on Wednesday.
Obama's approval rating inched up 1 percentage point from May to 50 percent but the number of Americans who believe the country is on the wrong track also rose as pricier gasoline, persistently high unemployment and a weak housing market chipped away at public confidence.
Obama leads all potential Republican challengers by double-digit margins, the poll showed. He is ahead of his closest Republican rival, former Massachusetts governor Mitt Romney, by 13 percentage points -- 51 percent to 38 percent.
"Obama's position has gotten a little stronger over the last couple of months as the public mood has evened out, and as an incumbent he has some big advantages over his rivals," Ipsos pollster Cliff Young said.
"Until Republicans go through a primary season and select a nominee, they are going to be at a disadvantage in the head-to-head matchups in name recognition."
Obama, who got a boost in the polls last month with the killing of al Qaeda leader Osama bin Laden, is amassing an election campaign warchest likely to be larger than the record $750 million he raised in 2008.
Sarah Palin and Romney lead the Republicans battling for the right to challenge Obama in the November 2012 election.
Palin, the party's vice presidential nominee in 2008, had the support of 22 percent of the Republicans surveyed. The former governor of Alaska has not said whether she will run for president next year.
Romney, who failed in a 2008 presidential bid, had 20 percent support.
Representative Ron Paul, a libertarian Republican from Texas, and former pizza executive Herman Cain were tied for third with 7 percent each.
REPUBLICAN RACE STILL FORMING
The Republican candidates are just starting to engage in their slow-starting nomination race. Young said Palin and Romney had a clear advantage at this stage over other challengers in name recognition among voters.
Other surveys have shown Romney in a stronger position. A Washington Post-ABC News poll earlier this week gave Romney a slight lead over Obama among registered voters.
In the Reuters/Ipsos poll, the other Republican contenders fared even worse than Romney's 13-point gap in a match-up with Obama. Palin trailed Obama by 23 points and former Minnesota Governor Tim Pawlenty was behind by 19 points.
The survey was taken after weak jobs and housing figures released last week showed the U.S. economy is recovering slower than expected. Unemployment rose slightly to 9.1 percent for the month.
The poll found 60 percent of respondents said the country is on the wrong track, up from 56 percent in May but still below April's high of 69 percent. In the latest survey, 35 percent said the country is going in the right direction.
Obama's approval rating has drifted in a narrow range between 49 percent and 51 percent since January, with the exception of April when the first spike in gasoline prices drove his rating lower.
With Congress battling over a Republican budget plan that includes scaling back the federal Medicare health program for the elderly, the poll found a plurality of Americans, 43 percent, oppose the Medicare cuts and 37 percent support them.
The poll, conducted Friday through Monday, surveyed 1,132 adults nationwide by telephone, including 948 registered voters. The margin of error is 3 percentage points.

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