Speculative business parks may come back to haunt developers

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THE RISE AND FALL OF THE PARTY BANK

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Food & Beverage

first_imgCinco De MayoThe Springs Tavern will host a special fiesta on Friday, May 4, from 11 PM to 2 AM in honor of Cinco De Mayo. The evening will feature live music by DJ Chile and drink specials including: $4 Modelo bottles, $5 tequila shots, and $5 margaritas. There will be a $5 cover at the door.The Clam BarThe Clam Bar at Napeague has re-opened for the 2018 season. The Hamptons staple is serving up its popular seafood, and more, daily beginning at noon. As of now the restaurant is operating, weather-permitting. Call to confirm hours before you visit, 631-267-6348.The Clam Bar is a classic seaside snack bar, serving the Hamptons for more than 30 years. The family-owned mainstay knows seafood, as evidenced by the fleet of local fishermen who they rely on for their “catch of the day.” Of course, clams are a staple, served on the half shell, in chowder, fried, or stuffed.The restaurant opens for the season when the weather warms in April and closes when the wind starts to whip off the Atlantic in October or November. Like bathing suits, suntan lotion, and sandals, The Clam Bar is strictly for fair weather fun.Navy BeachNavy Beach in Montauk is reopening for the season this weekend. The restaurant will be open for dinner this Friday through Sunday. Check the website for schedule.Caci Shelter IslandCaci Restaurants presents the opening of Caci Shelter Island, a second location for the popular Italian restaurant located in Southold. Caci Shelter Island will be situated at the historic and luxury boutique hotel, The Shelter Island House, located on Stearns Point Road in Shelter Island Heights.Caci, short for Cacioppo, is owned by husband and wife Anthony and Daniele Cacioppo, and Joseph and Kelly Cacioppo. Caci’s partnership with The Shelter Island House came about organically.Joseph has known the hotel’s owners, sisters Suzanne Walsh and Janet Rogler, since childhood. Both families grew up in Garden City and spent their summers on the East End.“After several discussions regarding both businesses, it became apparent that Caci taking over restaurant operations at Shelter Island House would be a winning collaboration and a complement for both Caci and The Shelter Island House brands, and happened at just the right time for us to expand,” said Anthony Cacioppo.“We have always loved visiting Shelter Island, and the historic charm of this graciously restored inn really attracted us to the opportunity to have our second location here,” he continued.Caci Shelter Island will offer a seasonally inspired menu featuring authentic Northern Italian cuisine by Umbrian-born executive chef Marco Pellegrini that is simplistic, inventive, and dedicated to all things fresh and house made. Locally sourced and imported Italian ingredients, along with house-made pasta, gnocchi, bread, and gelato are just some of Caci’s specialties. Chef Marco will be Executive Chef to both Caci locations, maintaining a consistent menu and dining experience.Daniele Cacioppo described how their partnership with Chef Marco came to be. “Anthony and I had been in search of the right partner to open up a restaurant on the North Fork since 1995, when Anthony and I bought our first home in Southold. We never thought that we would find him years later while in Italy on vacation,” she said.“It was a magical connection. Marco’s authentic and simple style was exactly what we were in search of. We asked Marco to take a look at the North Fork and the wheels started turning,” she added.“I am inspired by the agriculture and aquaculture the North Fork offers, and believe that the access to these fresh ingredients provides me the opportunities to create an unforgettable dining experience,” noted Chef Marco. “I am really looking forward to bringing this unique menu, as well as tastes of Central and Northern Italy, to Shelter Island.”Caci Shelter Island will offer its North Fork location’s Wine Spectator Award of Excellence winning wine list featuring North Fork and Italian wines, along with local and Italian beers on tap or by the bottle, as well as seasonal craft cocktails.The grand opening will be Memorial Day Weekend. The restaurant plans to serve breakfast, lunch, and dinner. Visit www.cacishelterisland.com.jessica@indyeastend.com Sharelast_img read more

Foster Wheeler and BOC sign agreement

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DME anticipates drill depth of 2790ft for first helium well

first_imgDME’s said its first well was spudded in Navajo County in the central portion of the Basin, and it is anticipated to be drilled to a total depth of approximately 2790ft.The company’s technical team has identified five potential target zones for helium bearing gas at varying depths.According to Irwin Olian, CEO of DME, “We are very excited to be moving forward at this time with our helium drill program in Arizona and are looking forward to success.”Proven vs Prospective reservesThere are many different terms and phrases to get accustomed to in the helium business, but few as significant as ‘proven’ and ‘prospective’ reserves when it comes to the future potential and validity of a helium project.Statements often abound about the prospective reserves of a new helium discovery, while others will cite the proven reserves. So, what do they mean and what’s the difference?Prospective Resource estimates are developed based on a set of assumptions provided to a geological consultant, assumptions which can be highly optimistic.These figures can generate great scope for future capacities, but such estimates of prospective resources can and often are obtained before any drilling activity has even occurred at the site in question.Proved Reserves, however, are considered almost definite. These are, as the name implies, proven and more precise than estimates alone. In fact, most investment decisions are based on something called ‘2P Reserves’ – which means Proved + Probable.It is these proven reserves that are, therefore, often considered to be the realistic hallmark of a successful helium exploration project.last_img read more

LNG Limited adds experience to MLNG management team

first_imgLiquefied Natural Gas Limited said that its Magnolia LNG unit, has completed the staffing of its senior management team through the appointment of experienced LNG industry personnel to the final two open positions. Richard Wheeler has joined MLNG as Process Technology Manager; in this role he will be responsible for the management of process technology applications and interfaces, including application of LNGL’s proprietary OSMR for the MLNG facility, the company said in a statement.Wheeler will lead technology interface on behalf of MLNG with other process licensors, major rotating equipment and package equipment suppliers, and provide technology support to the KBR‐SKE&C USA contractor joint venture efforts. He will also support the expansion of the LNGL OSMR process application to subsequent projects. Wheeler is a UK chartered engineer with over 20 years oil and gas industry process experience including the last 12 years with the BG Group supporting LNG projects in the US, Canada and Australia.Maury Brandon Hudson has joined MLNG as Vice President, Operations and Maintenance; in this role he will be responsible for establishing and managing the operations and maintenance (O&M) team that will start‐up and operate the MLNG facility, LNG Limited informed in its statement. This will include supporting the KBR‐SKE&C USA joint venture in the EPC phase leading into Commissioning, Start‐up and Full Operations, with an emphasis on developing the MLNG Safety Culture in establishing a highly reliable LNG facility. Hudson will also be responsible for supporting the transition of the MLNG operations strategy into subsequent LNGL OSMR opportunities. He brings 20 years hydrocarbon processing industry operations and management experience to MLNG, including his most recent posting as Vice President Corpus Christi LNG Operations with Cheniere Energy.[mappress mapid=”16628″]Image: LNG Limitedlast_img read more

Bergeron up at New Orleans

first_imgBergeron, who is managing director of management, investment and consulting company Bergeron Resources, joined the board in 2012.Cooper will continue to serve on the board as a commissioner. In addition, Michael W. Kearney was elected vice chairman of the board; while Robert R. Barkerding becomes secretary-treasurer.Other board members include Greg Rusovich, Laney J. Chouest and Arnold B. Baker.www.portno.comlast_img

AAL launches Get Onboard initiative

first_imgLaunched on April 8 for an indefinite period, AAL said it will consider any registered charity regardless of the chosen cause. The shipping line will be circulating details and terms and conditions to registered charitable organisation databases and promoting the initiative online.Kyriacos Panayides, managing director of AAL, explained that the Covid-19 outbreak has devastated supply chains and has caused significant financial pressures for a number of companies.“This is especially true of charities, who rely on the goodwill of individual and institutional donors to get help. Unfortunately, widespread job losses, social distancing regulations, and the global economic downturn means they are losing much needed support and revenue.”We have a fleet of multipurpose, heavy lift ships operating non-stop and carrying cargo between large and small ports in key markets across the world, including Oceania, Asia, India, Middle East, Europe, Africa, and the Americas.”aalshipping.comlast_img read more

Canadian Pacific aims to outpace its peers in 2020

first_imgCANADA: Canadian Pacific Railway has announced record revenue of C$7·79bn for 2019, a 7% year-on-year increase. Diluted earnings per share increased 29% to a record C$17·52. The operating ratio was 59·9, an improvement from 61·3 the previous year.‘Global economic uncertainty caused by geopolitical and macroeconomic challenges slowed rail volumes across North America’, said President & CEO Keith Creel on January 29. ‘By leveraging our unique growth opportunities and applying our precision scheduled railroading operating model, CP led the industry in volume growth for the second year in a row and, once again, delivered on its guidance.’In the final quarter of 2019, ‘strong operational performance and commitment to controlling costs enabled the railway to be successful despite headwinds to our bulk franchise’, said Creel. ‘We continue to take a disciplined approach to sustainable, profitable growth, a plan rooted in the foundations of precision scheduled railroading. This approach in 2019 enabled CP to once again deliver its highest-ever revenues and the lowest-ever yearly operating ratio.’Looking to 2020, Creel was ‘confident we’ll continue to see wins in the marketplace enabling us to continue to outpace the economy and our peers.’last_img read more