Senex gas supply to Gladstone’s Northern Oil Refinery. (Credit: SatyaPrem from Pixabay.) Senex Energy has reached a domestic gas sales agreement (GSA) with Southern Oil Refining’s Northern Oil Refinery near Gladstone, to supply up to 2.5 petajoules (PJ) of natural gas.The GSA enables Northern Oil Refinery to expand its business and support the Queensland region in Australia with 32 direct jobs and hundreds of indirect jobs.Senex managing director and chief executive officer Ian Davies said: “Senex is pleased to be supporting 30 jobs directly and hundreds of jobs indirectly by providing natural gas to our new customer, Northern Oil Refinery and their Gladstone oil recycling plant.“This gas sales agreement adds to our existing portfolio of domestic customers with a Queensland presence including CSR, Orora, Visy Glass and CleanCo Queensland, reinforcing Senex’s importance as a supplier of natural gas to the east coast market.”Northern Oil Refinery will use Atlas natural gas for biofuels production at YarwunNorthern Oil Refinery is expected to use Atlas natural gas in its oil refining and advanced biofuels production plants at Yarwun, near Gladstone.The biofuels production plant is employing advanced research for utilising waste materials to produce bio-crude oil, and facilitate an advanced approach for management of used oils and eliminating waste, said the company.Under the terms of the agreement, Senex will supply Northern Oil Refinery with 0.3 PJ of gas per annum, for initial two and a half years, with an option to extend the gas supply for five more years at 0.35 PJ per annum supply, making the total contract quantity reach 2.5 PJ.The company’s signing of the GSA follows the new Atlas gas acreage award as part of the Queensland Government’s domestic gas acreage tender process. The new acreage is expected to support 50% rise in Atlas gas production, to nearly 18 PJ/year.Senex is an Australia-based oil and natural gas exploration and production company, focused on creating low-cost and safe operations in the Surat and Cooper basins.Davies added: “Senex is committed to investing for the long-term to unlock both development-ready and exploration opportunities and working with our customers to deliver affordable and sustainable gas supply to the domestic market.“It is also critical that customers commit to suppliers, just as Northern Oil Refinery has done, so as to support ongoing investment in upstream gas development.” Northern Oil Refinery is planning to use Atlas natural gas in its oil refining and advanced biofuels production plants at Yarwun, near Gladstone
Mark Tinker, head of Asian equities at AXA Framlington, added that innovative developments were boosted by China’s growing middle class population and rising incomes, as well as by the continuing migration to urban areas where more people were digitally connected.He advised investors to shun state-owned firms “as they represent the old industry”.The same went for indices and exchange-traded funds because they lacked sufficient technology, innovation and growth, Tinker contended. “Only by actively investing will investors benefit from the technological revolution in China,” he said. AXA Framlington only offers actively managed funds.Bryan Collins, head of Asian fixed income at Fidelity International, also saw opportunities in the transition to a consumption-driven services economy which was increasingly focused on the environment.“As a consequence, new chances are created in technology such as renewable energy and air purification,” he said.Collins also emphasised that investments were possible across the entire spectrum of the Chinese capital market, comprising a diversity of bonds in terms of duration, rating and coupon rates as well as dollar and renminbi-denominated government paper.He noted that China’s “onshore bonds” for foreign investors – issued since 2015 – have been added to several indices and that this trend was accelerating.As the onshore market represents a value of $12trn (€10.1trn), the potential was enormous, according to Collins. Investors should refocus on China as a new digital services economy rather than on “old China” and its production-based economy, according to AXA Investment Managers (AXA IM).Speaking at the annual conference of IPE’s Dutch sister publication Pensioen Pro last week in Amsterdam, senior economist Aidan Yao said that the country’s transition to a services-based economy was in full swing and was driven by a fast-growing middle class, as well as innovation and new technology.This trend was confirmed by an annual rise in research and development costs of 12% across the country during the past five years, he said.Although the Chinese government was largely sponsoring these costs, in Yao’s opinion, the reform policy was bearing fruit “as the authorities are increasingly open to the privatisation of companies”.
Syracuse appeared to be its same old self. Shyheim Cullen was called for a running into the kicker penalty that extended a Colgate drive and gave the Raiders Friday’s first touchdown.But six plays and fewer than two minutes changed the tone of the game. SU (1-0) marched down the field, tied the game and never let Colgate (0-1) score again en route to a 33-7 win.Check out how the Orange completed its game-changing drive.Play 1 – Pass to Ervin Philips for 9 yardsSyracuse rolled out with two receivers to the right and one to the left. The player SU picks on in this play is circled.AdvertisementThis is placeholder textCourtesy of the ACC Digital NetworkSyracuse ran the run-pass option concept, also known as “RPO.” It was one of Dino Babers’ base plays at Bowling Green, per BGSU receiver Ronnie Moore. Quarterback Eric Dungey and running back Dontae Strickland read for the zone read while Dungey scanned for the pass.Colgate stacked the box with seven players close to the line of scrimmage. The circled player was responsible to read run or cover Philips in the slot.Courtesy of the ACC Digital NetworkDungey and Strickland engaged in the read option portion of the play as the receivers began to run their routes. The player circled in the previous picture started to slide forward in anticipation of the run. For Dungey, it was a sign he should pass.Courtesy of the ACC Digital NetworkThe fake brought the defender in a yard and Philips sat down in his route about 5 yards off the line of scrimmage. Syracuse effectively caught the defender out of position and opened up space for Philips.Courtesy of the ACC Digital NetworkThe throw to Philips still needed to be on the money because the defender recognized his mistake and committed less enough that he nearly recovered and picked Dungey’s first pass. Instead, Philips turned up field and gained 9 yards.Play 2 – Pass to Ervin Philips for 12 yardsSyracuse’s second play was much simpler. Philips went in motion to the left on a jet sweep, while the line reach blocked right. While it didn’t totally fool the defense, SU blocked up the play well.Courtesy of the ACC Digital NetworkBecause Syracuse’s line blocks for a run to the right, one linebacker on the far side of the play false steps slightly. The blocking scheme also left a defensive end free on the near side.Courtesy of the ACC Digital NetworkPhilips burned by that defensive end and used his speed to turn the corner. Defender 2 was picked up by Strickland and Defender 3 was picked up by Cameron MacPherson. No. 42 is slower than Philips and the SU wide receiver beat the linebacker on the edge. Philips gained 12 yards on the play.Courtesy of the ACC Digital NetworkPlay 3 – Pass to Ervin Philips for 6 yardsIn the early going, Syracuse-Colgate was really Philips vs. the Colgate defense. Syracuse moved him around, ran him left, had him catching screens on each side of the formation and used him effectively.A lot of that had to do with Colgate’s alignment. The Raiders’ cover men either sagged off or were lined up in the box to stifle the run. Check out the closest defender to Philips in the following set:Courtesy of the ACC Digital NetworkPart of the reason this happened was Syracuse’s pace. Colgate was unable to get set up well enough to actually roll coverage at Philips. It’s hard to change a game plan when the other team is getting up to the line of scrimmage quickly. Add in that Colgate came in trying to stop the run by stacking the box, and SU got production by moving its inside receivers toward the edge of the field.Courtesy of the ACC Digital NetworkIn the previous frame, Dungey faked the run with Strickland and then himself. That pulled in the linebacker near the hashes, giving Philips enough room to gain 6 yards on the play.Play 4 – 1 yard run by Dontae StricklandThe fourth play of the drive was the least successful. The far side outside linebacker acted as a seventh man in the box. Syracuse gave a more run-oriented look with MacPherson lined up in the backfield.Courtesy of the ACC Digital NetworkThough there were only three down linemen, Syracuse had trouble blocking this play. Left tackle Cody Conway drove his man inside, which crowded Strickland’s running lane but also cleaned out the lineman. MacPherson, who appeared to have been responsible for blocking the outside linebacker, was pushed back. That closed the hole for Strickland, who had to bounce the run outside where two defenders were waiting for him.Courtesy of the ACC Digital NetworkStrickland was able to salvage at least a yard on the play, but the short run put Syracuse in a 3rd-and-short situation. SU had chunked its way to 28 yards on four plays, for an average of 7 yards per play.Courtesy of the ACC Digital NetworkPlay 5 – Pass to Ervin Philips f0r 8 yardsAgain, Babers ran a play he cued up at Bowling Green. At times last season, former BGSU quarterback Matt Johnson would turn and fire right off the snap from under center to a speedy receiver on a screen play.Courtesy of the ACC Digital NetworkTake a look at the room Philips had before the snap. No. 26 was actually covering Amba Etta-Tawo, who isn’t pictured but was located to the left of Philips. Just seconds before the snap, Colgate was in disarray.Courtesy of the ACC Digital NetworkEven after the snap and Dungey’s throw, there was no one there to cover Philips. No. 47 (circled) is the closest defender and the one that had been defending the slot most regularly for Colgate up this point. Syracuse knew that it had an athleticism advantage with the linebacker on Philips, so Dungey continued to throw there. Philips picked up another eight yards for SU. After the play, the game paused because of an injury to a Colgate player.Play 6 – 43-yard touchdown pass to Amba Etta-TawoMaybe the timeout during the injury allowed Syracuse to evaluate its drive a bit or maybe Babers had play action queued up the whole time, but the play call worked to perfection. With Colgate fixated on stopping the run, Babers ran a play action pass on first down. Check out the pre-snap alignment in the following frame, particularly the Colgate safety, marked by an arrow.Courtesy of the ACC Digital NetworkDungey and Strickland completed play action with the line pass blocking. The safety, however, got caught ball watching and stepped forward just a few yards.Courtesy of the ACC Digital NetworkDuring the fake, Etta-Tawo, who is on the bottom of the screen, bolted on a fly route toward the back-pedaling cornerback. The safety was still in the process of coming forward.Courtesy of the ACC Digital NetworkDungey didn’t even have to bother looking off a defensive back because Etta-Tawo had one defender on him and the safety got caught too close to the line of scrimmage. Check out where the safety ends up in the play after biting on the fake.Courtesy of the ACC Digital NetworkCourtesy of the ACC Digital NetworkEtta-Tawo got just enough separation to get free from the Colgate defender. Defensive backs noted that Etta-Tawo is a long strider and could get down the field in a hurry during training camp. The play resulted in a 43-yard touchdown catch.Courtesy of the ACC Digital Network Comments Facebook Twitter Google+ Published on September 4, 2016 at 7:30 pm Contact Chris: [email protected] | @ChrisLibonati Related Stories Stock up/stock down: A look back at Syracuse’s season-opening win over ColgateMoe Neal provides reason for optimism with touchdown on 1st-ever carryEric Dungey has career game after meeting his brother, who returned from the Army, for 1st time in 2 years3 things we learned from Syracuse football’s win over ColgateTransfer wide receiver Amba Etta-Tawo dazzles in Syracuse football debut