Equinor sets target to reach net-zero emissions by 2050

first_imgThe Norwegian majority state-owned energy firm said it’s commitment demonstrates the company’s continued commitment to “long-term value creation” in support of the Paris Agreement Equinor “well positioned” to reach net-zero emissions targetWhile Equinor has been ramping up its efforts to reduce emissions, the company has also outlined a “value-driven strategy for significant growth within renewables”.It said these steps will help it to continue delivering on the short and mid-term ambitions that will be “key to achieving net-zero emissions”.Opedal claims that for years the energy firm has “demonstrated an ability to deliver on climate ambitions” and has a “strong track record on lowering emissions from oil and gas”.It expects to deliver an average annual oil and gas production growth of about 3% from 2019 to 2026.Equinor believes it is “well positioned” to reach the net-zero target because it holds “world-class global assets in attractive areas with substantial value creation potential”.While Equinor has been ramping up its efforts to reduce emissions, the company has also outlined a “value-driven strategy for significant growth within renewables” (Credit: Flickr/mmatsuura)By optimising its portfolio through financial discipline and prioritisation, the company said it will continue to develop “competitive and resilient projects” while maintaining “industry-leading” recovery rates, unit costs and carbon efficiency.It believes the net-zero ambition will strengthen “future competitiveness and value creation at the Norwegian continental shelf (NCS)” and confirmed that its plans for production, development and exploration at the NCS will still “remain firm”.As the world looks to reduce emissions and investor appetite continues to strengthen for renewable technologies, Equinor said it is preparing for an “expected gradual decline in global demand for oil and gas from around 2030 onwards”.It added that value creation, rather than volume replacement, is and will be guiding the firm’s decisions, while in the longer term, it expects to “produce less oil and gas than today”. Equinor boss Anders Opedal said his firm wants to be a “leading company” in the energy transition (Credit: Equinor/Ole Jørgen Bratland) Equinor has today (2 November) announced its ambition to reach net-zero emissions by 2050 as part of its plans to become a “broad energy company”.The Norwegian majority state-owned energy firm’s commitment builds upon its goals presented earlier this year to achieve carbon neutral global operations by 2030 and to reduce its absolute greenhouse gas emissions in Norway to near zero by 2050.Equinor said its latest pledge, which includes emissions from production and final consumption of energy, sets a “clear strategic direction” and demonstrates the company’s continued commitment to “long-term value creation” in support of the Paris Agreement – an international climate pact that aims to limit the rise in global temperatures to “well below” 2C by 2100.Anders Opedal, who took over the position as Equinor CEO and president today, said the company is committed to being a “leader in the energy transition”.He added: “It is a sound business strategy to ensure long-term competitiveness during a period of profound changes in the energy systems as society moves towards net zero.“Over the coming months, we will update our strategy to continue to create value for our shareholders and to realise this ambition.”center_img Renewables a “significant growth area” for EquinorAs part of its plans to develop as a “broad energy company”, Equinor highlights renewables as a “significant growth area”.It has previously set ambitions for profitable growth within renewables and expects a production capacity of between 4 gigawatts (GW) and 6 GW by 2026, with the hope of reaching between 12 GW and 16 GW by 2035.The energy firm said it will do this by expanding its acquisition of wind acreage, with the aim of “accelerating profitable growth” and continuing to leverage its position as one of the driving forces in the offshore wind sector.It claims that to achieve net-zero emissions requires a “well-functioning market” for carbon capture and storage (CCS) and natural sinks, as well as the development of “competitive technologies” for hydrogen.Building on its capabilities from oil and gas, Equinor said it is well positioned to provide low-carbon technologies and establish zero-emission value chains.The company is already looking to drive the development of these types of technologies through projects such as the Northern Lights, which aims to store CO2 from industrial sites across Europe and is part of the Norwegian government’s Longship CCS project.Equinor said it also assumes that an “increasing share” of oil and gas will be used for petrochemicals towards 2050.Opedal believes that climate change is a “shared challenge” and that the combined efforts of governments, industries, investors and consumers are “crucial to reaching net-zero emissions, for Equinor and for society”.He added: “Together, we can overcome technological and commercial challenges, cut emissions, and develop CCS and zero-emission value chains for a net-zero future.”last_img read more

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FAR says Lukoil proposal not proceeding

first_imgFAR has been advised by Lukoil that the Lukoil Proposal is not proceeding to a legally binding offer FAR says Lukoil proposal not proceeding. (Credit: aymane jdidi from Pixabay) FAR Limited (ASX: FAR) refers to previous announcements, including its 17 February 2021 announcement that it had received a conditional non-binding indicative proposal from PJSC Lukoil to acquire the shares of FAR at 2.2c cash per share (Lukoil Proposal).FAR had cautioned that the Lukoil Proposal was not a legally binding offer, was subject to targeted and timely corporate due diligence on FAR, was subject to final Lukoil board approval, and that there was no certainty that the Lukoil Proposal would necessarily eventuate. Accordingly, care needed to be used in assessing the Lukoil Proposal.FAR has been advised by Lukoil that the Lukoil Proposal is not proceeding to a legally binding offer.FAR has convened a shareholders meeting on 15 April 2021 to consider approving the sale of its interest in the Senegal RSSD project to Woodside. The FAR directors continue to support the Woodside sale.If a takeover offer from Remus Horizons PCC Limited or any alterative offer emerges, the directors will update shareholders accordingly and may reconsider their recommendation. Source: Company Press Releaselast_img read more

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See it, clean it, clean up!

first_imgHome » News » See it, clean it, clean up! previous nextProducts & ServicesSee it, clean it, clean up!Clean Up aims to ensure faster rental deposit repaymentsThe Negotiator14th January 20160531 Views Clean Up, the new handy video guide for cleaning rental property to professional rental standards, has been widely welcomed by the lettings industry. It is seen as a breakthrough in addressing the biggest problem in the way of repaying deposits quickly and in full: what is clean and by whose standards? The film guides the way to saving significant amounts of money for tenants and landlords and will help the deposit dispute schemes where up to 60% of their workload is caused by cleaning disputes.A large proportion of tenants have said they would willing clean to the right standard and save themselves money if they knew the standards required and the best way to achieve them.Launched today by Joanna White (left), Managing Director of Property Principles Ltd, Clean Up provides the benchmarks for cleaning to lettings industry standards. It is not a lesson in how to clean but a series of practical, clear explanations of the standards of cleaning expected in the rental market. These are generally higher and more comprehensive than those of even the most house proud.Clean Up comes at a time when rents are rising and therefore the potential cost of a  disputed amount on deposit is higher. It has, says Joanna, been welcomed by the front line professional organisations involved at the beginning and end of tenancies: the Association of Residential Letting Agents, ARLA, and the Association of Professional Inventory Providers, APIP.“Time and time again large sums of money are deducted – correctly – from deposits only because a property has not been cleaned to the professional standards that will have applied when a tenancy started,” said Joanna White, who was, for many years, a disputes adjudicator for the Tenancy Deposit Scheme.She says that there is a world of difference between a good daily domestic clean and the full professional standard of cleaning required for professional properties. “Industry bodies constantly point out that the number of deposit disputes caused by not understanding what is clean? is far too high. It is generally believed that up to 60% of all disputes are over the standards of cleaning while the vast majority of tenants have said they would willingly clean to the right standard and save themselves money if they knew and understood the standards required,” Joanna White added.The Clean Up video guide and booklet is available on propertyprinciplesltd.com at an introductory launch price for rental of £1.50 or £5.99 to buy outright.  It is the first in a series of guides to be published for the benefit of landlords and tenants.Clean Up video guide cleaning cleaning film cleaning rental properties to professional rental standards tenants’ deposits January 14, 2016The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more

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Touchstone rebrands its agents services operation

first_imgHome » News » Touchstone rebrands its agents services operation previous nextProducts & ServicesTouchstone rebrands its agents services operationProperty management giant says it wanted a fresh design for its letting agent services division.Nigel Lewis11th July 201701,348 Views One of the UK’s largest property management companies Touchstone has rebranded its Bath-based letting agent operation. It will now be known as Touchstone Agent Services.The move follows the sale of its residential lettings business to Connells in May last year when Touchstone decided to exit the buy-to-let market, which saw 50 staff across nine branches in Kent, Buckinghamshire and the West Country integrated into the Connells brand.At the time Touchstone said it would adopt a “clearer focus on our corporate and institutional client base”.Fresh identityTouchstone says it wanted a “new, fresh identity” for its agent services, which it says offers agents a range of white label services to reduce their fixed costs and help them expand faster than if they if they had to set up key services themselves, and concentrate on winning new business.Services offered to agents include property management, rent collection, compliance, tenant administration, credit control and agent commission management.“The PRS is growing at an incredible pace and we want to support letting agents through these changing times,” says Matthew Duckett, Head of Department Back Office Services at Touchstone (pictured, left).“It was time for a new fresh look for our service and to remind agents of the variety of solutions we offer to support their business.“We’re experts at what we do, and we’ve been in business long enough to understand the challenges agents face. We can help. You generate the business, we’ll do the rest.”#Touchstone Agent Services is part of a huge operation that manages at least 21,000 properties including those for institutional residential portfolio and build to rent clients plus receivership services.The company also refreshed its corporate identity in April last year, moving from a green logo (see below) to its current and more modern design.Touchstone, which has offices in Bath, London, Leeds and Milton Keynes, started out in 1988 as Johnson Fry Property in the 1990s and then changed name in 1999. It then grew both through acquisition and a joint partnership with Colliers CRE.In November 2012 the company was bought by the £3 billion not-for-dividend company Places for People Group, which manages over 150,000 homes in the UK.   July 11, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img read more

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Office conversions help drive auction to highs not seen since banking crisis

first_imgLeading auction house Allsop says its most recent auction raised £71m, the highest for a September event since the financial crisis hit in 2008.The record breaking event was helped – it says – by enthusiasm among bidders for offices with permitted development rights (PDR) for conversion to residential use.“The impact of the recent extension of PDR to the light industrial sector will be interesting,” Gary Murphy, Partner and Auctioneer at Allsop (pictured, right).“We expect to be offering an even broader choice to developers at forthcoming sales. Watch this space.”This month’s event, which took place on 14th September at The Cumberland Hotel in London’s Mayfair, featured 240 lots 13 of which were sold after the auction, 25 sold prior and 40 withdrawn.The auction, which ranged from a £3.2m investment property in Brighton to a £3,000 vacant freehold site in Stafford, raised £12m more than Allsopp’s September event last year.The £3.2 million investment property was an office building (pictured, left) offered with PDR conversion to 17 flats, which had a guide price of £2.5m.But Allsopp says the highlight of the day was a house offered by Devon & Cornwall Housing Association with a guide price of £625,000 in St Ives, but that went on to achieve £1.44m.The unmodernised, three-bedroom property (pictured, right) overlooks Porthmeor Beach and was listed as a potential ‘holiday let’.“Despite all that’s been thrown in the path of buyers over the past year, the market is anything but inactive,” says Gary.“We’re experiencing some very healthy competition in our rooms and it’s encouraging to see that bidders are not shy of the higher value lots.“At each successive Allsop sale, the multi-million-pound stock is emerging as the biggest crowd puller. As ever, our challenge is to match reserves to buyer sentiment. But get that right and the sky’s the limit.”“Permitted development has been a very active area for us” said Murphy. “Our buyer base has been extremely receptive to office to residential opportunities.”Gary Murphy Allsop September 21, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Office conversions help drive auction to highs not seen since banking crisis previous nextOffice conversions help drive auction to highs not seen since banking crisisAuctioneer Allsop says its latest day clearing 240 lots at The Cumberland Hotel saw £71m raise, the highest amount since 2008.Nigel Lewis21st September 20170493 Viewslast_img read more

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Thousands of online viewers watch agent’s spoof John Lewis Xmas TV ad

first_imgA video parodying this year’s John Lewis Xmas TV ad featuring a young boy and a monster living under his bed has now been watched by 10,000 people and attracted over 200 likes on Facebook.Helmores, which is based in the town of Crediton north of Exeter and claims a heritage reaching back to 1699, filmed its own version of the high street retailer’s advertisement almost scene for scene.Instead of a small boy it’s a George, a 40-year-old office worker and rather than a monster, it’s Ian the friendly estate agent.And as in the John Lewis original, George and Ian then go on to spend each night in George’s bedroom playing Scaletrix with his ‘estate agent’ and subsequently falling asleep during the day – at work, playing football and having his hair cut.The situation is resolved when what appears to be the man’s wife gives him a set of keys with a Helmores call card tied to it – and ends with the tagline ‘Moving home doesn’t need to be scary’.The budget version of the £7m John Lewis ad was completed on a “very small budget” in just a week by the Cornish estate agent, which used three of its staff as actors – Associate Partner George Clover as the ‘little boy’, Sales Valuer Ian Blanchford as the ‘monster’ (both pictured in the video, top) and chief administrator Jess Leach as the boy’s mother.This is not the first time Helmores has turned to less traditional marketing techniques to promote itself. It recently claimed to the the future of “modern property marketing”  when it launched immersive 3D showcase tours – the first estate agency in Devon to use drones to produce stunning aerial photography and video footage of homes for sale.John Lewis Christmas TV ad John Lewis Xmas TV Helmores 2017 December 18, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Agencies & People » Thousands of online viewers watch agent’s spoof John Lewis Xmas TV ad previous nextAgencies & PeopleThousands of online viewers watch agent’s spoof John Lewis Xmas TV adLight hearted but brilliant copy of retailer’s £7m TV ad pulls in impressive audience given its shoestring budget.Nigel Lewis18th December 201701,072 Viewslast_img read more

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Build-to-Rent units leapt by a third last year as sector goes national

first_imgHome » News » Housing Market » Build-to-Rent units leapt by a third last year as sector goes national previous nextLand & New HomesBuild-to-Rent units leapt by a third last year as sector goes nationalResearch by Savills reveals that 30,000 units were built in the UK last year and that 43,400 are currently under construction.Nigel Lewis25th January 201901,357 Views The number of new Build-to-Rent (BTR) units completed last year grew by nearly a third to 30,000 and is no longer just a London phenomenon, research by Savills has revealed.In total there are currently 43,400 BTR units under construction in the UK, a nearly 40% increase compared to 12 months ago.Savills says the key regional BTR hubs are in Birmingham, Leeds and Manchester and that frenzied activity within them will push the number of new BTR units under construction in the regions this year to 24,000, some 5,000 more than in London.In Salford in Manchester BTR now represents 7% of all housing stock.“This rapid growth highlights the momentum of the sector which continues to attract significant investment from both overseas and domestic institutional investors,” says Guy Whittaker, Savills’ residential Research Analyst.The size of Build-to-Rent schemes is increasing too, jumping from an average size of 133 units now to 240 for the schemes currently under construction.BTR builders Get Living and Criterion capital are building the largest developments with an average size of 700 units.But one investor, Apache Capital/Moda Living, is building a 1,000-unit BTR development in Leeds at the moment.Twelve landlords have pipelines of more than 2,000 units including Quintain, L&Q, Sigma Capital and Get Living.“There has consistently been in excess of 30,000 units in the pipeline with detailed permission since July 2016. This constant supply has allowed the number of BTR units currently under construction to rise rapidly,” says Savills.Read more about Build-to-Rent.  Guy Whittaker Moda BTR build-to-rent Savills January 25, 2019Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more

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DIY retouch with HouseWiz: simply brilliant!

first_imgSometimes it’s the small things that darken your day. Things like getting instructed on a great property and then noticing that your photos are too dark, too light, too dull. Grumble no more. Now, the one-stop-shop property marketing company Houseviz has launched a clever new DIY photo enhancing app, ‘HouseWiz’ – giving agents instant quality photo retouching from 1p per image.The tool can make your property images brighter, sharper and more vibrant in seconds. It’s easy to use – no training needed.Houseviz director, Amanda Lindsay said, “It takes seconds for prospective buyers to make up their minds about a home. First impressions count – you need exceptional photos.”With Housewiz, agents can retouch up to 2,000 images a month for £20pm. Alternatively, they can retouch up to 500 images a month for just £10pm (2p per photo).“It’s vital that agents reduce the cost per listing but standards must be upheld. We see dire photographs on portals, they do no justice to the property or the agent selling it.”Houseviz makes it easy to maintain agency standards while keeping costs low.”www.houseviz.comHouseWiz photo retouching DIY phot enhancing app April 22, 2019The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » DIY retouch with HouseWiz: simply brilliant! previous nextProptechDIY retouch with HouseWiz: simply brilliant!The Negotiator22nd April 20190343 Viewslast_img read more

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My Property Box expands Tees Valley portfolio

first_imgHome » News » Agencies & People » My Property Box expands Tees Valley portfolio previous nextAgencies & PeopleMy Property Box expands Tees Valley portfolioThe Negotiator29th October 20190318 Views My Property Box has increased its portfolio of rental properties by 20 per cent following the completion of a takeover deal.The move is part of the Darlington based letting agency’s plan to develop business throughout the Tees Valley and comes just seven years after the company was launched – and the number of homes on its books has grown following the takeover of Holt Estate Agents, which had an office in Thornaby. The new headquarters is on Grange Road, Darlington.The company has created its own suite of software, allowing landlords to access contract forms via a smartphone as well as being able to photograph and submit required documents.Tenants also benefit following the development of in-house application software ‘AppTrack’ which allows employment and landlord references, ID checks and credit checks to be gathered more efficiently, reducing the whole completion process.Ben Quaintrell, Managing Director, said, “My Property Box has added more homes to its portfolio as a result of the takeover, which underlines our ambition to continue to grow and make our innovative and comprehensive services available to landlords and tenants across a much wider area.“Having founded the business just seven years ago, I’m hugely excited at this expansion which allows the company to add to our reputation as a trusted lettings agency offering excellent service and expert advice.”Holt Estate Agents AppTrack ID checks credit checks Ben Quaintrell My Property Box software October 29, 2019The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more

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A vision for Edinburgh’s New Town

first_imgNew images have been published of New Town North – one of the largest regeneration projects Edinburgh for a generation, illustrating the latest design phase of the development.The ambitious New Town North development is set to transform the 5.9-acre former Royal Bank of Scotland site in Edinburgh’s New Town and is being delivered by property company Ediston on behalf of Orion Capital Managers, whose fund bought the site in May 2019.The developer launched the online interactive consultation which can be viewed here: www.newtownnorth.co.uk.Proposals include a mixed-use development replacing existing buildings with new homes, build-to-rent apartments, premium office space and a high-class hotel. Also planned are retail outlets, gym and health facilities together with extensive landscaping and new public realm.Ross McNulty, Development Director at Ediston, reaffirmed the developer’s commitment to delivering a high-quality scheme. “Now, more than ever, we are 100% committed to progressing with our planning application this year,” he says. “New Town North will provide a significant boost for the local area which will have a positive impact on local businesses – who are in desperate need of some good news right now.”Ediston Orion Capital Managers premium office space Ross McNulty New Town North development new homes Build to Rent apartments May 21, 2020Jenny van BredaWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Land & New Homes » A vision for Edinburgh’s New Town previous nextLand & New HomesA vision for Edinburgh’s New TownThe Negotiator21st May 20200161 Viewslast_img read more

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