28 Sep

Green Light for Snefrid Nord

first_imgNorway has given the go-ahead for the Statoil-operated Snefrid Nord gas development as a satellite linked to the Aasta Hansteen field, the ministry of petroleum and energy said on Tuesday.Plan for development and operation (PDO) was submitted earlier this year by Statoil (51%) and its partners Wintershall (24%) OMV(15%) and ConocoPhillips (10%).Aker Solutions, the supplier of subsea equipment for the Aasta Hansteen development, will also deliver the single-slot subsea template, a suction anchor and umbilicals for the Snefrid Nord development.The subsea template and suction anchor mooring it to the seabed will be delivered by Aker Solutions at Sandnessjøen. The umbilicals will be delivered by Aker Solutions in Moss.Subsea 7 will deliver flowlines and spools in addition to performing all subsea installations. They are also the supplier for Aasta Hansteen.Snefrid Nord was discovered in 2015. Recoverable reserves are estimated at about five billion cubic metres of gas. The development concept includes one well in a single-slot subsea template. This will be tied back to the Aasta Hansteen platform through the Luva template six kilometres away. Snefrid Nord will produce some four million cubic metres of gas per day in the plateau phase, the planned productive life being 5-6 years.The capital expenditures for the Snefrid Nord development total about NOK 1.2 billion.The discovery is scheduled to come on stream in late 2019.last_img read more

23 Sep

Individual Income Tax Rates change in 10 Counties: New tax rates in effect on January 1, 2020

first_imgStatewide—Effective Jan. 1, 2020, several Indiana county income tax rates will change.The counties in southeastern Indiana with changes and new rates are as follows:Decatur County: 2.5% (increased from 2.35%)Jefferson County: 0.9% (increased from 0.35%Jennings County: 2.5% (decreased from 3.15%)Local income tax rates are determined by county officials and reported to the Indiana Department of Revenue (DOR). Once reported, they are then reviewed for compliance with Indiana law.These tax rates affect businesses with employees who live or work in any of these counties and have income tax withholdings. County tax rates for individuals are based on an employee’s Indiana county of residence as of Jan. 1, 2020.The list of rates for all Indiana counties is available on DOR’s website in Departmental Notice #1 at www.dor.in.gov by clicking on “Legal Resources” select “Tax Library” then selecting “Departmental Notices.”  Employers with questions about these county income tax rates can contact DOR at (317) 233-4016, Monday through Friday, 8 a.m. to 4:30 p.m., EST.last_img read more