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The ministry added that it would report the incident to the United Nations and send formal communication to Venezuela’s government. It said it would inform the governments of the various homelands of the 70 crew members aboard the vessel, flagged by the Bahamas, of the “threat to their safety.”. A spokeswoman for Exxon said the U.S. oil firm’s seismic explorations in the western portion of Guyana’s Stabroek Block “have been paused until they can be safely continued,” and that the vessel was operating in Guyana’s exclusive economic zone.

In a statement on Sunday, Venezuela’s foreign ministry said its navy, during a routine patrol, had encountered two boats hired by Exxon in an area under “undoubtedly Venezuelan sovereignty” and “proceeded to apply the appropriate international protocols.”, The ministry said the boats’ captains told the navy they had permission from Guyana’s government to explore in the area, silver plated cufflinks engraved and that the boats turned around after being told Guyana did not have jurisdiction in that area, It also said it informed the UN and sent a protest note to Guyana’s government..

Neither PGS nor Guyana’s foreign ministry immediately responded to requests to clarify whether one or two research ships were involved in the incident. Venezuela’s socialist President Nicolas Maduro has previously criticized Guyana’s decision to allow oil exploration in the waters off the shore of the Essequibo region, a sparsely populated and dense jungle area equivalent to around two-thirds of Guyanese territory that Venezuela also claims. Guyana says Caracas agreed to relinquish the area after a ruling by an international tribunal in 1899, but Venezuela later backtracked on that decision. The U.N. earlier this year referred the dispute to the International Court of Justice, a move welcomed by Georgetown but criticized by Caracas.

The dispute has heated up in recent years as Exxon has announced the discovery of more than 5 billion barrels of oil off the shore of Guyana, an English-speaking nation of 750,000 with no history of oil production, In a statement, U.S, State Department deputy spokesman Robert Palladino faulted Venezuela for silver plated cufflinks engraved the latest incident, “The Venezuelan Navy aggressively stopped ExxonMob‎il contracted vessels operating under an oil exploration agreement with the Cooperative Republic of Guyana in its Exclusive Economic Zone,” he said, saying Guyana had the right to explore there and urging Venezuela to respect international law and its neighbors’ rights..

(Reuters) - MYOB Group Ltd (MYO.AX) said on Monday it would recommend U.S. private equity giant KKR & Co’s (KKR.N) buyout offer for the Australian accounting software maker. Last week, KKR cut its A$1.8 billion buyout proposal for the struggling Australian company. This came seven weeks after KKR upped its indicative bid to access MYOB’s financial records. MYOB’s acceptance comes after it initially said on Thursday it would reject the new suggested price of A$3.40 per share, which was slashed from A$3.77.

Shares of the Melbourne-based company tumbled 14 percent following KKR’s lowered offer price and last traded at A$2.870 on Friday, representing a 18.5 percent discount to the new price, KKR cut its offer price at a time when global technology players such as Facebook Inc (FB.O) and Google owner Alphabet Inc (GOOGL.O) have fallen sharply amid concerns about incursions on privacy, sparking a sell-off across the broader sector, silver plated cufflinks engraved MYOB Chairman Justin Milne said the proposal was in the best interest of shareholders, considering “market uncertainty and the longer-term nature of the strategic growth plan the Company has embarked upon.”..

(Reuters) - Tesla Inc (TSLA.O) chief executive Elon Musk said the electric car company will reimburse customers if delays to car deliveries cause them to miss out on a significant tax credit. Under a major tax overhaul passed by the Republican-controlled U.S. Congress late last year, incentives in the way of tax credits that lower the cost of electric vehicles are available for the first 200,000 such vehicles sold by an automaker. The tax credit is then reduced by 50 percent every six months until it phases out.

Earlier this year, Tesla said orders for cars placed by Oct, 15 would be eligible for the full tax credit of $7,500 and that customers would receive their cars by the end of the year, From Jan, 1, 2019, the tax credit drops to $3,750, With only a few days of 2018 remaining, some customers still waiting for their vehicles have used social media to complain about the delays and what they called a lack of communication by the company, Responding on Saturday to a Twitter user who asked what will happen if cars did not arrive in time, Musk replied: “If Tesla committed delivery & customer silver plated cufflinks engraved made good faith efforts to receive before year end, Tesla will cover the tax credit difference.”..

 

 
 
 

 

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