Subsea UK events to focus on international opportunities

first_imgSubsea UK, an industry body representing the British subsea industry, will be hosting two briefing sessions with the Department for International Trade (DIT) ahead of SPE Offshore Europe 2017.The first briefing on August 28 will focus on the post-energy reform oil and gas sector opportunities in Mexico.Mariana Garay, senior energy officer for the DIT team in Mexico, along with DIT business specialist Chris Wall will give an in-depth view on developments within the Mexican market.The 2013 Energy Reform in Mexico opened the sector up to private investment and competition. To date, over 60 new national and international companies were awarded contracts for E&P in the Gulf of Mexico.It is estimated that 2018 will see one of the most ambitious offers so far by the Mexican Government, with 30 deep-water blocks up for grabs, Subsea UK said.The second event on September 4 will look at opportunities to do business in India, Kazakhstan, and Azerbaijan. The audience will hear from Jonathan Spencer, oil and gas stakeholder manager at DIT, who will give an overview of these opportunities.Carol Harvey, DIT export finance manager for Scotland, will also share information about how UK Export Finance can support UK companies.Earlier this year, UK supply chain companies showcased their technology and expertise to senior officials from India’s largest oil and gas exploration and production company, Oil and Natural Gas Corporation (ONGC) on a technical trade mission to South Asia.Subsea UK said that, with subsea exports valued at almost £5 billion, it wants to see an increase of British firms targeting international expansion to sustain long term growth.Neil Gordon, chief executive of Subsea UK, said: “This is a great chance for companies to hear directly from the department on what opportunities are available overseas and what support is available. As seen with the success of our recent mission to India, we are always encouraging businesses to explore new markets so I would ask those who are open to diversifying to come along and engage with both the DIT and Subsea UK.”last_img read more

Executive Committee of NSBiH Will Prohibit Departure of Fans at Away Games

first_imgThe Executive Committee of the B&H Football Association (IO NSBiH) will soon adopt a decision on the prohibition of the departure of fans to guest matches of its clubs in the Premiere League B&H.The first vice-president of NSBiH and member of IO NSBiH Darko Ljubojević confirmed that members of IO NSBiH had telephone consultations regarding the proposal of the Competition and Commission for Security of NSBiH on the prohibition of the departure of visiting fans during the spring part of the Premiere League and B&H Cup.‘’Such a decision can be expected in the next few days. The reason is the current security situation that is not at a good level’’, said Ljubojević.He said that he is not a fan of such decisions, but for now there are real reasons for this decision.This decision would not be a precedent when the Premiere League of B&H is in question. Three years ago, the Committee for normalization at that time decided to prohibit fans at away games.The continuation of the Championship begins on 1 March.(Soure: read more

Bill Introduced to Replace CFPB Director With Committee

first_img Share in Daily Dose, Featured, Government March 5, 2015 639 Views Bill Introduced to Replace CFPB Director With Committeecenter_img CFPB Federal Reserve HFSC Randy Neugebauer 2015-03-05 Samantha Guzman U.S. Representative Randy Neugebauer (R-Texas) introduced a bill this week intended to replace the director of the Consumer Financial Protection Bureau (CFPB) with a five-member commission. He announced his plan to support legislation in his testimony at a House Financial Services Committee (HFSC) hearing held on Tuesday, March 3.U.S. Rep. Randy Neugebauer“As we approach the five year anniversary of the Dodd-Frank Act, which created the CFPB, now is a good time to reflect on the Bureau’s impact on the American consumer,” said Neugebauer, who will be the keynote speaker at the Five Star Government Forum in Washington, D.C. on March 18. “Over the last several years, the Bureau’s actions and record have proven it can’t function in a sustainable manner. Perhaps, more than any other Washington agency, the CFPB has demonstrated a lack of transparency and a lack of accountability. It has proven it is susceptible to political influence – bringing into question its independence. This is all the more troubling because the Bureau has an important mission: to protect consumers.”HFSC Committee Chairman Jeb Hensarling (R-Texas) warned of the overreach of the CFPB in his opening statement at Tuesday’s hearing and showed support for a five-member committee.“The CFPB undoubtedly remains the single most powerful and least accountable Federal agency in all of Washington. When it comes to the credit cards, auto loans and mortgages of hardworking taxpayers the CFPB has unbridled, discretionary power not only to make those less available and more expensive, but to absolutely take them away,” Hensarling said. “Consequently, Americans are losing both their financial independence and the protection of the rule of law.”Neugebauer’s proposal would replace the CFPB director with a bipartisan, five-member commission appointed by the president for five-year terms, with no more than three from a single political party. According to the draft legislation, the CFPB would also be renamed as the “Financial Product Safety Commission” and would no longer be funded by the Federal Reserve, but by its own budget appropriation.“The Bureau is fundamentally unaccountable to the president since the director can only be removed for cause. Fundamentally unaccountable to Congress because the Bureau’s funding is not subject to appropriations,” Hensarling said. “Fundamentally unaccountable to the courts because Dodd-Frank requires courts to grant the CFPB deference regarding its interpretation of federal consumer financial law. Thus, the Bureau regrettably remains unaccountable to the American people. That is why we need the CFPB on budget and led by a bipartisan commission; mere testimony is not the equivalent to accountability.”Credit unions and organizations representing banks have expressed support for the bill as well. A letter signed by the American Bankers Association, American Financial Services Association, Consumer Bankers Association, Credit Union National Association, Financial Services Roundtable, Independent Community Bankers of America, National Association of Federal Credit Unions, and U.S. Chamber of Commerce spoke of their shared belief in Neugebauer’s plan.“We believe that a five-member commission, as Congress originally intended, will better balance consumer access to financial products with the need to ensure a fair marketplace,” the bankers wrote in a letter on Wednesday. “In 2009, then-House Speaker Nancy Pelosi, then-House Financial Services Committee Chairman Barney Frank, and Ranking Member Maxine Waters led passage of legislation in the House with strong Democrat support to create a five-member commission to oversee the CFPB, which is nearly identical to what your legislation proposes to do.”A similar bill was introduced in the House a year ago but it failed in the Senate. Last month, Senator Rob Portman (R-Ohio) revived legislation that would appoint an independent Inspector General to the CFPB in hopes to improve oversight. Representatives Steve Stivers (R-Ohio) and Tim Walz (D-Minnesota) revived a similar bill last month in the House.(Editor’s note: The Five Star Institute is the parent company of The MReport and read more