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Monthly Archives: May 2017
2 Offshore Drillers In The Race For The OGNC 3-Year Contracts After Seadrill Drops Out – Seeking Alpha
Posted: May 28, 2017 at 8:02 am
Courtesy: The 6G ultra-deepwater drillship Platinum Explorer (Operational in 2010) owned by Vantage Drilling Inc (Private company).
Investment thesis:
The offshore drilling industry plays an important role in the oil and gas supply chain; no one can deny this basic principle even if the industry is now struggling through a strong downturn. Did you know that oil production from offshore locations represents about 29% of the global crude oil production in 2015, according to the EIA? This percentage has been nearly constant since 2005 and is expected to remain the same until 2040.
The bulk of the crude offshore production is still in the "shallow waters," which are generally cheaper and less technically challenging when compared to other offshore segments such as the deepwater and the ultra-deepwater.
However, this trend will gradually change according to Wood Mackenzie in early April 2017, who was claiming that deepwater developments are turning increasingly competitive, even compared to tight oil.
Angus Rodger, Asia-Pacific upstream research director at Wood Mackenzie, said: "We are at last beginning to see the first signs of recovery in deepwater, driven primarily by cost reduction and portfolio high-grading. Projects in the U.S. Gulf of Mexico in particular have made significant strides, with many reducing NPV15 break-evens from above $70/boe to below $50 per boe.
One important area that could help the offshore industry to survive this downturn is India offshore, which is the main topic of my article today. ONGC is active and is about to award three rigs on a three-year contract for its KG-DWN-98/2 block.
Description of the Krishna Godavari basin:
Total oil initially in place in the KG-DWN-98/2 block is estimated at 106 million cubic meters, production of only 26.71 million cubic meters is envisaged during 2019-2031.
Similarly, the gas initially in place is estimated at 69.57 billion cubic meters "BCM," of which only 51.33 BCM can be produced during 2018-34.
I - The ONGC tender.
On March 3, 2017, We learn from Upstream that ONGC is now close to award the three 3-year contracts.
Three leading international drilling contractors are poised to win three-year, deep-water rig contracts from India's Oil & Natural Gas Corporation (ONGC) for its flagship Block KG-DWN-98/2 development off the country's east coast.
ONGC requires two 1500-metre, dynamically positioned drillships or semi-submersibles in one category and a single anchor-moored rig capable of drilling in 600 meters of water in the second.
London-headquartered giant Seadrill and Singapore's Vantage Drilling are expected to win three-year rig charter contracts in the 1500-metre category, while Brazil's Queiroz Galvao Oil & Gas (QGOG) is likely to win a three-year rig contract in the 600-metre category, sources said.
On February 27, 2017, commercial bids were opened by ONGC and the results are indicated in a small table below:
Seadrill with its Subsidiarie Sevan Drilling.
Sevan Drilling ASA (SEVDR.OL) (OTCPK:SDRNF), listed on the Oslo stock exchange: Seadrill (NYSE:SDRL) owns 50.11% (14.897 million shares) of the company.
Semisubmersible Sevan Driller (2009)
Actually Ready stacked in Singapore
[Dropped out of the race]
Drillship Platinum Explorer
(2010)
Actually Ready stacked in India
Midwater Semisub Olinda Star
(1983)
Actually Ready stacked in Brazil
[Has been awarded the contract according to Upstream]
Transocean (RIG) is said to be the biggest loser in this fight for survival. The company offered no less than three drillships in the first category and one semisubmersible in the second category:
More than a dozen rigs were offered by nine contractors in the 1500-metre category.
Transocean is believed to have offered the highest bid with $166,750/d for the three drillships offered. For the second category, Transocean was the second bidder with $146,050/day (only three bidders in this category with the Semisubmersible Hakuryu-5 from Japan drilling but seems to have been disqualified?
II - New development released on May 24, 2017.
According to Upstream on May 24, 2017:
Vantage Drilling and Universal Energy have emerged as front-runners to secure three-year deep-water drilling contracts from India's Oil & Natural Gas Corporation (ONGC) after original low bidder Seadrill withdrew from the race.
State-controlled ONGC is looking for two 1500-metre, dynamically-positioned drillships or semi-submersible rigs to drill wells for its flagship Block KG-DWN-98/2 off India's east coast.
Well-placed sources said Seadrill was no longer in the race, and Vantage Drilling - which was already well placed for an award - and Universal Energy likely to win contracts.
"Seadrill is out of the fray and has declined to extend its bid validity. The second and third lowest bidders (Vantage and Universal) are expected to win, once they match the lowest dayrate," a drilling source said.
A Seadrill spokesman confirmed the company had pulled out, explaining that there were "delays in the tender process, which led to Seadrill being unable to secure the shipyard slot for the Sevan Driller to be able to meet the delivery date".
As a result, "we did not extend our bid validity", he added.
The semi-submersible Sevan Driller is now out of the race, after Seadrill declined to extend the bid validity for another two months, saying that it could not meet the delivery date in this case. The rig is actually ready stacked in Malaysia according to infieldRigs.
What next?
Drilling sources suggested ONGC is expected shortly to invite the second and the third lowest bidder for negotiations and ask them to match Seadrill's rate.
Vantage Drilling was placed a close second in the rig tender, offering an operating dayrate of $129,582 (tax inclusive) for the drillship Platinum Explorer, while Universal was third in line, quoting $138,000 for the semisub Louisiana, managed by Brazil's Petroserv Marine.
One drilling source pointed to the possibility of a re-tender, if the other bidders do not agree to match the original lowest dayrate offered by Seadrill.
However, a second source cautioned that a re-tender could lead to further delays and affect ONGC's completion schedule for KG-DWN-98/2.
Vantage Drilling Inc and Universal Energy Corp., (two privates companies) are now first and second, and will be asked by ONGC to match the $124,889 per day (tax inclusive) proposed by Seadrill. This is a total backlog including tax of about $137 million.
Note: I believe the day rate excluding the tax is about $112,000 per day.
Conclusion:
I am totally flabbergasted by the low day rate proposed here for a modern 6th generation drillship, such as the Platinum Explorer. Is it anywhere near the breakeven price? I seriously doubt it.
According to Markit index. The day rate for drillships and semisubs in May 2017 is about $200k/d. We are talking about 38% lower for ONGC?
I see it as both a blessing and a curse long term for the offshore Industry.
A blessing because three rigs will be working for the next three years, and a curse because the day rates are now basically well below breakeven prices. Rig attrition will accelerate if day rate plummet.
This is a new trend that may continue for years to come, and will eventually hurt the few remaining offshore drillers still showing an acceptable balance sheet, such as Transocean (NYSE:RIG) or Ensco (NYSE:ESV).
A dangerous unsettling issue that jeopardizes the "survivors."
Competition is naturally turning destructive. New companies are created or emerged from bankruptcy with a "fresh-start accounting" and modern attractive assets.
They become everyone'else problem.
Let's take for example Vantage Drilling International - a private company now, which emerged from bankruptcy in February 2016 - with a fleet of four Ultra-Premium Marine Pacific Class375 Jackups, and three modern 6G Ultra-Deepwater 10,000 ft & 12,000 ft Drillships.
In short, after emerging from bankruptcy, the company took care of its $2.7 billion in debt and now shows $869 million in total debt, and a cash of $232 million.
The immediate consequence is that companies such as Transocean and others who are still struggling with a large debt and did not restructure are competing unfairly with players "on steroid", who can drive the day rate to an unrealistic level and still be able to survive somehow.
However, the survivors have still a strong hand in their favor, called: Innovation.
To survive, there are several paths a rig owners can take to ensure they end up in a more viable position while the market recovers
Time will tell...
Important note: Do not forget to follow me on the offshore drilling Industry. Thank you for your support.
Disclosure: I am/we are long RIG, ESV, NE.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Additional disclosure: I am day trading SDRL frequently.
Editor's Note: This article covers one or more stocks trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.
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PERFECTion on the high seas – Cape Cod Times (subscription)
Posted: at 8:01 am
Steve Derderian
NANTUCKET Kelly Smith and John Morley didn't know each other when they were both at boot camp while training for the U.S. Navy in California.
They certainly didn't know then that almost 10 years later, despite both losing one of their arms, they'd be reunited when they were invited to ride on one of the over 200 boats competing Saturday in the 46th annual Figawi Charity Race from Hyannis to Nantucket.
Corpsman Smith, who also brought along her service dog Cook, a 2-year-old golden retriever, joined chief petty officer Morley, five-year Air Force veteran Heather MacLeod and Army Sgt. Jason Johns as former military members in their first Figawis among the 20 on the 49-inch Jeanneau D/S Perfect Summer, led by captain Bob Solomon.
For four years now Solomon has brought wounded veterans who are connected with the organization Nantucket Holiday for Heroes.
"We did it the first year and it was incredible," said Solomon, who has competed in 26 straight Figawi races. "We got second place in our class. It was almost like a life-changer. I had never been next to people with prosthetics before."
Perfect Summer, which had two American flags flying between red, white and blue flags honoring deceased Chief petty officer Chris Kyle and deceased Marine Cpl. Nicholas G. Xiarhos, plus a Boston Strong flag, began its race just outside the Hyannis Yacht Club at 10:40 a.m. Though Solomon and his crew had to join other ships by retiring around 1 p.m. due to minimal winds, the boat motored past the finish at the entrance of Nantucket Harbor around 3:30 p.m.
Video: Highlights from Figawi race
Photo Gallery: 46th annual Figawi Charity Race
The ships were greeted on the Nantucket beaches, including one man waving a large American flag in the water, as the members on the ship sang the Marines' Hymn.
"That was outstanding," Johns said. "Having the beach lined with flags was fantastic."
Though, Solomon said since starting this tradition four years ago, the result has become secondary.
"Once we're really starting to race and it's a windy day, you know you can get a trophy," said Solomon, a UMass graduate. "All these things, when you cross the finish line, all that is gone. I'm next to people without legs, and I don't even notice. That was really the gift."
"Captain Bob doesn't care if we finish first or last," Johns added. "He's just honored to have us."
Johns, who lives in Madison, Wisconsin, spent 10 years in the army.
Johns' army unit was one of the first deployed to Iraq in 2003, and he said he lived in Arlington, Virginia, and could only watch the damage from a plane that crashed into the Pentagon on Sept. 11, 2001.
Morley, who retired from the Navy in 2008 and now works for the Semper Fi Fund, moved back to the New England area six years ago and was called in to respond after the Boston Marathon bombings.
In 2006, he lost his right arm when trying to disable an improvised explosive device in Northern Iraq. He said he only survived because the device "low ordered" when it detonated.
"It's the only reason I'm still alive today," said Morley, who took the helm when the boat left Hyannis. "My focus is to get back to the way I was."
Smith, who lives in Florida with her husband and joined Worcester native Daryl on Saturday, had a similar incident when her left arm was severely injured after a house exploded in Iraq and her unit was ambushed.
Smith survived but in 2013 had to have the arm amputated. The Organization Paws for Action donated Cook to the Smith family, helping pick things up and act as Kelly's other arm. He is named after Army Spc. Michael Cook, who was killed in action in 2011 in Fallujah, Iraq.
"It was the best way to reunite and just sit and talk," Smith, a 19-year service member, said of her first Figawi. "We're both doing things and able to be there with one another."
The Xiarhos family was also included, with several wearing either sweatshirts or shirts honoring his passing. Steve Xiarhos, who served during the Vietnam War, in his family also passed on buttons with Nick's face reading "Big Nick's Ride For The Cape Cod Fallen," and "Living the Dream," on the bottom.
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High seas just a soggy mess – Kankakee Daily Journal
Posted: at 8:01 am
The infamous Jack Sparrow is back in the fifth "Pirates of the Caribbean" film, "Dead Men Tell No Tales." The Disney franchise continues in its effort to reel in viewers who love Johnny Depp and his drunken pirate antics. A few new additions join beloved characters in an attempt to keep it fresh, but this version is nothing more than a soggy mess.
Henry Turner's (Brenton Thwaites) father, Will (Orlando Bloom), has been lost at sea, taken by the curse placed upon him. Young Henry vows to find Poseidon's trident, the one item that can break the curse and return his father to his rightful state. Henry's quest leads him to the dead Capt. Salazar (Javier Bardem) and Sparrow. As with all these movies, there's a young, beautiful damsel in distress who actually is quite smart and savvy on her own. This fare maiden, Carina Smyth (Kaya Scodelario), holds the key to unlocking the map to locate the trident and, in turn, Sparrow's safety. Meanwhile, Capt. Barbossa (Geoffrey Rush) makes a deal with the devil of the sea and Sparrow and his gangly entourage must outwit the dumb-witted seafarers and Red Coats.
"Pirates of the Caribbean: Dead Men Tell No Tales" is filled with exactly what you would expect: nonstop chase scenes, spectacular acrobatic stunts and amazing CGI. If you're a fan of this franchise, you're used to quite a bit of humor, too. Unfortunately, this version, in its 2-hour-and-9-minute running time, lacks it. The few laugh-out-loud moments are rather off-color. Double entendres aren't the signature style of Disney. The violence, sometimes graphic, also seems harsh by Disney standards.
Ultimately, it's slow-paced, even in the midst of high action. The film meanders, piecing together subplot after subplot. Between Capt. Salazar's soliloquy and Capt. Barbossa's long-winded mutterings, it is difficult to stay focused. Focus is exactly what this film needed and couldn't produce. And that's not even to mention all the inconsistencies in the story.
While the plots are lost at sea, the one-dimensional characters can't breathe life back into the drowning film. Depp, although the lead, has more stunts than lines, and Rush seems to have lost his edge on this evil character. Bardem, always an intimidating "bad guy," serves his role well, but the CGI upstages his portrayal. Thwaites is the handsome "prince" and hero, and Scodelario counters his looks with her beauty -- and that's as deep as these characters go. There's just no personality.
"Pirates of the Caribbean: Dead Men Tell No Tales" is a lackluster story filled with mesmerizing special effects. The amount of violence and off-color humor gives this film its PG-13 rating, but it also gives Disney a different look as well. Spending your time and money on this one would be like walking the plank. I'd advise against it.
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Take 10: Keeping boats safe from the high seas – Cape Cod Times (subscription)
Posted: at 8:01 am
Sean F. Driscoll @SeanFDriscoll
SOUTH YARMOUTH When the waters of Cape Cod turn warm and boaters return to the seas, Dry Dock Marine Corp. gets hopping.
The boat hauling and storage business keeps about 200 vessels on 5 acres at its Old Town House Road facility and, for the most part, sees its busiest seasons right before and after summer as its dry-docked boats move on and off the yard to head nearly anywhere across the Cape.
We handle a lot of big stuff from a lot of all the major boat yards. Were probably one of the biggest boat haulers on the Cape, said Frank Richard, who bought the business with his wife, Marie, in 1977 and continues to work there with his son, Skip, who has taken over the day-to-day operations.
The business allows boats to be stored on trailers in the yard, too, so during the summer theres a steady stream of customers coming in and out to take their boats on the water for the day. The business also allows owners to work on their boats while theyre in storage, giving them an edge on the marinas that typically provide less access during the off-season.
Video:Dry Dock Marine Corp. in South Yarmouth
What is the biggest component of your business? Skip: Boat hauling is our primary business.
How long have you been in business? Marie: We started in August of 1977. We moved to this location in March 2006.
What did you do before? Skip: Ive been involved in the business since I was 10 years old.
How big is your staff? Marie: Six.
How has the market changed since your business started? Skip: The size and price of the boats. Our customers are a lot more demanding. Were still a do-it-yourself yard; we do some work, the owners do some work, they get contractors to do some work. Its a lot more picky. The boats are a lot cleaner, the boats are lot more expensive. Frank: We hauled a couple of boats to the Boston Boat Show this year that were worth $1 million apiece. And they sold it. Some of the stuff we move, its high value.
What are your plans for your business' future? Skip:Who knows? Possibly a little more inside storage.
What's your most memorable moment with this business? Skip:Id probably say moving up here. Frank: The old shop, we had three-quarters of an acre (and) we had outgrown it by 10 or 15 years easy. We were in an old barracks building that was converted. Skip:Now we come here, we dont have any more dirt, we have asphalt and rock, a wash basin for the bottom-washing and water and electricity all over the yard for the customers. Its just a nice facility.
What advice do you have for someone starting out in business? Frank:Theyve got one tough nut to go. If someone went to start this business up in the position we're in right now, Id hate to think what theyd have to have for money just to start off with. Skip:Stay small. You dont always have quality people working for you.
What's the biggest challenge about having a business on Cape Cod? Skip: Employees. You cant find the quality here. Marie: We had a guy come in on a bicycle for a driving job. He didnt have a license.
What's the best thing about having a business on Cape Cod? Skip:In this business, its being independent. Our business slows down for the summer, so we can enjoy it a little bit more.
Follow Sean F. Driscoll on Twitter: @seanfdriscoll.
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Take 10: Keeping boats safe from the high seas - Cape Cod Times (subscription)
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Elegance on the high seas – The Killeen Daily Herald
Posted: at 8:01 am
World travelers Bob and Linda Bilec took a step back in time to an era of elegance and sophistication on the high seas when they boarded the Queen Mary 2 last October.
They sailed to Southampton, England, to visit their daughter, Jennifer, and her family for the Christmas holidays.
As they stood on the deck of the QM2, they watched the skyline of New York City fade into the background. For Bob, it was the realization of how small Manhattan Island really is, a mere 22.82 square miles of land inhabited by 16.36 million people.
For Linda, it was watching the Statue of Liberty on Ellis Island shrink in size as the boat pulled away from New York Harbor. She said she couldnt help but think of all the people who immigrated to the United Sates on a ship, seeing Lady Liberty for the first time, and hoping for a better life.
The Bilecs are residents of the world. They have traveled and lived all over the globe for pleasure and work. But this was their first transatlantic crossing on an ocean liner. So when Jennifer asked her parents to spend the holidays in England, Bob knew right away that they didnt want to fly.
I wanted to take the Queen Mary, he said. I wanted the experience of sailing on the boat.
They started planning for their trip a year in advance, watching fares and looking for the best and most economic time to travel. They even downloaded a schematic of the ships decks to find the right mid-ship state room to help mitigate the potential for seasickness.
While Bob wanted a themed crossing, Linda said she looked forward to the elegance of a bygone era of dining and dancing the night away in the ships formal restaurant a stark contrast from the downhill skier and outdoor enthusiast she is.
I was really excited about the dancing, Linda said, admitting that she and Bob took private foxtrot and waltz lessons before they sailed.
I was thinking about Titanic, the movie, Bob said. I looked at the staircase, the chandelier its all very elegant.
Their search led them to Road Scholar, a nonprofit organization that offers educational and adventure tours, domestic and abroad, with an intellectual twist for seniors 50 and older. Not only did Road Scholar have a trip planned for Southampton with a murder-mystery theme, and four nights in London, it also included return airfare to Austin for both of them.
The RMS Queen Mary 2 is a transatlantic ocean liner and not a cruise ship so the crowds are not as big (around 4,000 people including staff and passengers). There is a strict set of guidelines, including casual and formal dress codes. On formal nights, men must wear a tuxedo and women must wear a gown or after-five dress.
If you want to enjoy the experience, get a tuxedo and (for the ladies) a formal dress, Bob said. You can pick up deals at thrift stores and discount stores.
Bob found a designer tuxedo jacket and pants in a thrift store. After adding a white tuxedo shirt, tie and cuff links, he had a tux for under $100. Linda, a former costume designer, picked up a basic black dress at a discount store and embellished it with sequins across the neckline. With a change of accessories and jewelry, she was able to make the dress look different for each of the formal evenings.
All the women have on a black dress and (they) drip in pearls, every pearl they own. They wear lots of pearls, Linda said, smiling her smile that never seems to fade.
The passage took seven days and followed the same route as the Titanic, in reverse, when it sailed from Southampton on April 12, 1912, on its way to New York, a destination cut short by a collision with an iceberg.
I actually looked for icebergs, Linda said. There were none.
The weather cooperated the whole way sunny skies, calm blue waters and smooth sailing. When it was time to retire for the evening, they chose an inside cabin, above the water line but with no portholes to look out onto the sea.
We wanted the experience of sailing on the boat, Bob said. When you are sleeping, you dont need an outside window. When you look out the window, all you see is ocean.
The views didnt change for seven days, Linda added.
Although jet lag is often a problem when flying through time zones, Bob said sailing on the ship wasnt so hard to deal with because time advances one hour every day. By the time they reached Southampton, they were adjusted to the time change.
It takes two or three days to recover from jet lag, Linda added.
Linda Bilec was born in Colorado, grew up in Michigan, and attended college in Utah, before transferring to Lake Superior State College (now University) in Sault Ste. Marie, Mich., on the border of Canada.
An avid downhill skier, during winter Linda spent as much time on the Michigan slopes as she could, either skiing by herself or coaching a high school ski team during her college years.
Sault Ste. Marie was less than 200 miles from the town of White River, Ontario, Canada, where her aunt had a summer vacation trailer park. White River was also Bobs hometown. He and his twin brother, Michael, are known to be the first set of twins ever born in this small town of about 1,000 people. He also has three older siblings.
The population hasnt changed in 40 years, said Bob, a U.S. citizen since 2009.
White River is also known as the coldest spot in Canada. Bob recalls one morning when he looked out the window of his home and the thermometer read -68 Fahrenheit. Summer temps can reach as high as 75, but the season only lasts four weeks.
Summers in White River were short and recreation was scarce. For fun teens would cruise the parking lots of businesses, listening to their music, looking to see what was going on in their small town where the sun didnt set until after 10 p.m. One summer evening while Linda and her cousins were working at her aunts trailer park, Bob and his friends drove through the lot. Bob was in the back seat. Linda saw the boys in the car and intercepted their fun. I threw them out of the park. I made them leave, she said.
While Linda didnt see Bob tucked away in the back, he saw her.
The next day Linda took a break from work to walk over to the service station where her car was towed after it ran out of oil. Bob was up on a scaffold at the service station painting a sign that read, White River, the Coldest Spot in Canada. Linda didnt notice Bob, but he noticed her as soon as she walked by. He remembered her from the trailer park. Calling down to her he asked, Hey, do you want to go to a party?
She looked up and said, Yes. Later that evening, Bob walked over to her aunts house to pick her up for their date. They walked back to his familys home for the party, but his parents were not there and as it turned out, the party was intended just for two. His parents returned home, interrupting their first date, but that didnt stop the young couple from spending time together that summer.
When the season ended, Linda started classes at Lake Superior State College in Sault Ste. Marie, Mich., and Bob headed to Lakehead University in Thunder Bay, Ontario.
Though 400 miles apart, their romance ensued and they traveled by bus back and forth between colleges to see each other, splitting the fare.
Linda graduated from Lake Superior State College in 1972 with a B.A. in English and emigrated to Thunder Bay as a landed immigrant to be near Bob. She took a job as a porter at a psychiatric hospital for two years before entering Lakehead University to earn her B.A. in English, so she could teach.
On one of her days off from the hospital in 1975, they married.
Both graduated from Lakehead University in 1976 and moved to Alberta, Canada, where Bob pursued his MSc in chemical engineering while Linda taught school. Following graduation, Bob was hired by Exxon Mobile and the couple stayed in Alberta for eight years until Bobs job transferred him to Toronto for two years, then New Jersey for one year before he was transferred to Spain. That is where their life of travel really began.
Travel is definitely in Bob and Lindas DNA. Over the years, theyve traveled extensively as a couple to China, Peru, Ecuador, Argentina and the southernmost point of Chile, where they sailed around Cape Horn. As a family living in Spain, they traveled extensively throughout the European continent.
Moving around the world with two children was challenging but Linda always made it an adventure. She got Jennifer into kids acting and their son, Chris, continued hockey.
In Spain, they visited the beaches often and traveled around the country, learning the history. Christopher and Jennifer played soccer in the courtyard of a 12th or 13th century castle, and on a side trip to Greece one of Bobs most memorable moments was when the children ran across the finish line at the original stadium in Olympia, where the first Olympic Games were held.
The family also skied downhill in Kitzbhel, Austria, the children learning from their mother who has been skiing since she was 12. Linda did an excellent job of moving, leaving family and friends, Bob said. She would always find something the children could do in their new home that they couldnt do in their previous home.
When their assignment in Europe ended in 1989, the family returned to Ontario, Canada, where Bob continued his career with Exxon. In 1992, Exxon Mobil transferred Bob back to New Jersey. During that same period, Linda entered Rutgers University where she earned her law degree and served as Deputy Attorney General for the State of New Jersey. Bob retired in 2006, after a career working in the oil and gas industries at refineries around the world. They stayed in New Jersey until 2012. When Linda retired from her job and they moved to Texas.
But of all their travel adventures, except for their latest trip on the Queen Mary 2, most trips come in second to Lindas love of Disney World. Shes been 14 times, including a side trip to Paris Disneyland on their recent trip to England, with their daughter and grandson.
Bob said traveling has expanded his horizons and made him more understanding of people. He said it has given him a new world view and a new appreciation of how others live.
Travel has enriched my life. It has given me a new perspective, Bob said.
You learn tolerance, understanding and not to be so judgmental, Linda added.
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Kiplinger’s Personal Finance: Get a great deal on your next getaway – Richmond.com
Posted: at 8:00 am
An exotic vacation say, renting a castle or private island for a family or friends reunion is more affordable than you might think.
Check home-sharing sites such as Airbnb, HomeAway or TripAdvisor Vacation Rentals, as well as the Landmark Trust (www.landmarktrust.org.uk) for historical buildings in Europe.
On HomeAway, we found a 16th-century castle in northern France that sleeps 12. Rentals start at $1,066 per night; if you split the cost 12 ways, youd pay $89 apiece per night (taxes and fees are extra).
Or kick back at your own private island off the coast of Belize, starting at $1,500 per night on HomeAway. The 1.5-acre island with a five-bedroom house accommodates 14 and comes with a staff, and you can arrange pickup for diving or fishing excursions.
You can cruise through canals and explore riverside villages on a houseboat in India. It sleeps eight; book it through Trip Advisor Vacation Rentals and each guest will pay as little as $64 per night.
TripAdvisor also lists a multi-tiered treehouse in Kenya for six that overlooks baobab trees and has a view of the Indian Ocean. Rates start at $360 per night.
Use these strategies to lower the price of your next plane ticket.
Time it right: For domestic travel, watch for steep sales between Labor Day and Dec. 15 (except over the long Thanksgiving weekend) and then after the holidays until Feb. 15. Tuesday, Wednesday and Saturday are typically the cheapest days to fly domestically.
Check fares from other airports: For international flights, watch for airfare sales at hubs near you.
You could drive or take a bus there or book airfare on a separate flight, making sure to leave plenty of time to catch the international flight (if the tickets are separate, youre on your own if you miss your second flight).
However, smaller airports sometimes have international bargains that larger ones dont, says George Hobica, of Airfarewatchdog.com. He recently spotted flights to Paris from Flint, Mich., with one stop, that cost half the price of nonstop flights from Detroit.
Use local transportation: A similar trick works for far-flung destinations that would be outrageously expensive to book with a single airline.
Say you want to go to the Greek Islands. Flights from the U.S. to one of the islands typically cost at least $1,400 round-trip. Instead, grab a sale round-trip fare to Athens (often less than $600), plan to stay a night or two there, and then fly to the island of your choice on a budget airline such as Ryanair (less than $100), says Scott Keyes, of ScottsCheapFlights.com.
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Kiplinger's Personal Finance: Get a great deal on your next getaway - Richmond.com
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Intentional community – Wikipedia
Posted: at 8:00 am
An intentional community is a planned residential community designed from the start to have a high degree of social cohesion and teamwork. The members of an intentional community typically hold a common social, political, religious, or spiritual vision and often follow an alternative lifestyle. They typically share responsibilities and resources. Intentional communities include collective households, cohousing communities, coliving, ecovillages, monasteries, communes, survivalist retreats, kibbutzim, ashrams, and housing cooperatives. New members of an intentional community are generally selected by the community's existing membership, rather than by real-estate agents or land owners (if the land is not owned collectively by the community).
The purposes of intentional communities vary in different communities. They may include sharing resources, creating family-oriented neighborhoods, and living ecologically sustainable lifestyles, such as in ecovillages.
Some communities are secular; others have a spiritual basis. One common practice, particularly in spiritual communities, is communal meals. Typically, there is a focus on egalitarian values. Other themes are voluntary simplicity, interpersonal growth, and self-sufficiency.
Some communities provide services to disadvantaged populations, for example, war refugees, the homeless, or people with developmental disabilities. Some communities operate learning or health centers. Other communities, such as Castanea of Nashville, Tennessee, offer a safe neighborhood for those exiting rehab programs to live in. Some communities also act as a mixed-income neighborhood, so as to alleviate the damages of one demographic assigned to one area. Many intentional communities attempt to alleviate social injustices that are being practiced within the area of residence. Some intentional communities are also micronations, such as Freetown Christiania.[citation needed]
Many communities have different types or levels of membership. Typically, intentional communities have a selection process which starts with someone interested in the community coming for a visit. Often prospective community members are interviewed by a selection committee of the community or in some cases by everyone in the community. Many communities have a "provisional membership" period. After a visitor has been accepted, a new member is "provisional" until they have stayed for some period (often six months or a year) and then the community re-evaluates their membership. Generally, after the provisional member has been accepted, they become a full member. In many communities, the voting privileges or community benefits for provisional members are less than those for full members.
Christian intentional communities are usually composed of those wanting to emulate the practices of the earliest believers. Using the biblical book of Acts (and, often, the Sermon on the Mount) as a model, members of these communities strive for a practical working out of their individual faith in a corporate context. These Christian intentional communities try to live out the teachings of the New Testament and practice lives of compassion and hospitality.[1] Communities such as the Simple Way, the Bruderhof[2] and Rutba House would fall into this category.
A survey in the 1995 edition of the Communities Directory, published by Fellowship for Intentional Community (FIC), reported that 54 percent of the communities choosing to list themselves were rural, 28 percent were urban, 10 percent had both rural and urban sites, and 8 percent did not specify.
The most common form of governance in intentional communities is democratic (64 percent), with decisions made by some form of consensus decision-making or voting. A hierarchical or authoritarian structure governs 9 percent of communities, 11 percent are a combination of democratic and hierarchical structure, and 16 percent do not specify.[3] Many communities which were initially led by an individual or small group have changed in recent years to a more democratic form of governance.
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Rochester Folk Art Guild to mark 50 years in Middlesex – Greece Post
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An anniversary celebration is planned for June 10 at East Hill Farm.
MIDDLESEX The Rochester Folk Art Guild attains a milestone accomplishment this year, as the group celebrates 50 years as a vibrant and creative crafts community.
The first seven members to make the move to Middlesex put down roots on East Hill, in 1967. Since that time, hundreds of people have spent time at East Hill Farm, helping it grow and develop into one of the oldest intentional communities in the country.
To mark this year's milestone, members extend a welcome to all in the local communities to share in a day of celebration, from 11 a.m. to 4 p.m. Saturday, June 10. Tours of the studios and East Hill Gallery are planned.
The Guilds Ensemble Resonance will perform chamber music of Mozart, Nino Rota and Taylor-Coleridgefor flute, bassoon, and piano at 12:30 and 2:30 p.m. Free light refreshments will be available.
The Folk Art Guild has built a reputation for pottery, woodworking, weaving and other handcrafts. Beautiful and functional objects from these studios have found their way around the world, over the years that these studios have been in continuous operation.
Eighteen independent structures have been built over the years, and the 1850s farmhouse has been pushed out and renovated in three directions.
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Rochester Folk Art Guild to mark 50 years in Middlesex - Greece Post
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Rochester Folk Art Guild to mark 50 years in Middlesex – News … – Penfield Post
Posted: at 8:00 am
An anniversary celebration is planned for June 10 at East Hill Farm.
MIDDLESEX The Rochester Folk Art Guild attains a milestone accomplishment this year, as the group celebrates 50 years as a vibrant and creative crafts community.
The first seven members to make the move to Middlesex put down roots on East Hill, in 1967. Since that time, hundreds of people have spent time at East Hill Farm, helping it grow and develop into one of the oldest intentional communities in the country.
To mark this year's milestone, members extend a welcome to all in the local communities to share in a day of celebration, from 11 a.m. to 4 p.m. Saturday, June 10. Tours of the studios and East Hill Gallery are planned.
The Guilds Ensemble Resonance will perform chamber music of Mozart, Nino Rota and Taylor-Coleridgefor flute, bassoon, and piano at 12:30 and 2:30 p.m. Free light refreshments will be available.
The Folk Art Guild has built a reputation for pottery, woodworking, weaving and other handcrafts. Beautiful and functional objects from these studios have found their way around the world, over the years that these studios have been in continuous operation.
Eighteen independent structures have been built over the years, and the 1850s farmhouse has been pushed out and renovated in three directions.
Visit link:
Rochester Folk Art Guild to mark 50 years in Middlesex - News ... - Penfield Post
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How Star Wars is influencing modern space travel – MyGaming
Posted: at 8:00 am
It was 40 years ago today, on May 25, 1977, that Star Wars first burst onto cinema screens, and from that time the world changed for the better.
Star Wars introduced the world to Jedi knights with lightsabers, an evil empire building a moon size planet killer weapon, a rebel alliance with X-wing fighters and countless cool droids that were often smarter than their owners.
Quite why Star Wars was such a massive hit has been debated ever since. It was clearly not for the dialogue.
It was probably due to the fast-paced action. In fact, Star Wars popularised the notion that some films do not need opening credits, just an opening crawl to set the scene.
Director George Lucas wanted the action to start as soon as the film did, and for audiences to be engrossed from the first few seconds.
What made Star Wars different to the already loved Star Trek TV series was that Star Wars was not a prediction of our human future. Instead it was a story set in another galaxy in the ancient past.
Some of us had our lives and careers shaped by Star Wars, and by longing to create the things we saw when we were young.
Forty years on, who and what has been shaped by this revolutionary movie?
The first Star Wars film was revolutionary in its depiction of high-speed battles between spaceships.
The dog fights around the Death Star seemed so realistic, even though it was not obvious how some of the spaceships actually manoeuvred so well.
When I took spacecraft design courses at university in the late 1980s (as part of my undergraduate degree), I did not dream that fellow Star Wars fans might one day be influential enough to actually design real spacecraft.
We were taught that bringing a rocket back to Earth from space was impossible. I now realise that my lecturers were probably not Star Wars fans.
The billionaire inventor and entrepreneur Elon Musk is one of those millions of mega Star Wars fans. He says that Star Wars was the first movie that he ever saw, and from that he has had an obsession with space travel and for turning humans from a single planet species into a multi-planet civilisation.
In 2002, Musk created the Space Exploration Technologies Corporation, better known as SpaceX, with the stated aim of creating spacecraft to regularly fly hundreds of humans to and from Mars.
Musk named his series of rockets Falcon, after Han Solos Millennium Falcon. And in 2017, a Falcon rocket became the first orbital class booster to return from space, land and later re-fly back into space.
In 2000, fellow billionaire inventor Jeff Bezos started his rocket and spaceship company Blue Origin off the back of his success creating Amazon. His New Shepard rocket was the first suborbital booster to return from space, land and later re-fly back into space.
Bezos is more of a Trekkie. He is so obsessed with Star Trek that he has even acted in it, appearing as an alien in the 2016 movie Star Trek Beyond.
At this point, the Star Wars mega-fan (Musk) is ahead of the Trekkie (Bezos) in delivering commercial space flight with reused rockets. But only time will tell who will win.
Star Wars introduced us to the Landspeeder. This is the car-like vehicle that Luke Skywalker uses to get to and from the family moisture farm, and which he sells so he can part-pay Han Solo to fly with him to the Alderaan system.
Lukes X-34 landspeeder is very much like a hovercraft that did exist long before Star Wars. But hovercraft are noisy and kick up a lot of dust, which is not great in the desert driving situations encountered on Tatooine!
In 1978, a toy landspeeder was the must have toy, and I was lucky enough to have one. I still have it of course. The way it appeared to float across the floor on its highly sprung and hidden wheels was brilliant design.
Subsequent Star Wars films such as Return of the Jedi showed us speeder bikes, and since then engineers have tried to replicate these amazing vehicles.
Some great engineering efforts include the Jetovator speeder bike that works over water and connects to a jet ski. The makers were clearly inspired by Star Wars.
Others have recently created and tested hoverbikes that if they were fully commercialised would be very close to the speederbikes of Star Wars.
One group have even made a speeder, the Aero-X, to test in the desert to ensure that Luke would be able to use it if need be.
But for me, it was the droids of Star Wars that had the greatest impact. There can be no greater pair of onscreen robots as R2-D2 and C-3PO. They were perfect.
I have written before about Star Wars and robots. The vision that George Lucas and his team had in creating these robots (and the others that are found in the original 1977 movie) has had a major impact on robotics development, by inspiring many current day roboticists.
We are beginning to see real high quality automatic translation services something C-3PO was designed to do. We have medical robots, military robots and even farm robots.
All of these were shown in Star Wars. Our present-day robots are not as capable as the Star Wars robots, but us roboticists are working hard to make that happen.
It is unlikely that any film in the future will be as surprising as Star Wars was. It was new and exciting and surely that is one of the reasons for its success.
But yet there are new Star Wars fans being born every day. It helps that many of their parents and grandparents are possibly also Star Wars fans, and that at the moment there is a new Star Wars film out every year.
If the love of Star Wars is handed down the generations then who knows what it will have inspired in another 40 years time.
Jonathan Roberts, Professor in Robotics, Queensland University of Technology
This article was originally published on The Conversation. Read the original article.
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