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Petronas awards JGC US$2b EPCC deal Posted: 13 Mar 2013 07:41 PM PDT TOKYO: Japanese engineering firm JGC Corp said on Thursday it has won a US$2 billion order from Malaysian state oil firm Petroliam Nasional Bhd (Petronas) for a new liquefied natural gas (LNG) train in Sarawak. The liquefaction facility, Petronas LNG Train 9 with a capacity of 3.6 million tonnes per annum (mtpa), is due to be completed by end-2015, and will bring the total capacity of the Petronas LNG complex in Bintulu, Sarawak to around 27.6 mtpa. Malaysia last year exported 14.6 million tonnes of LNG to Japan, the world's top LNG buyer, about 60 per cent of its LNG capacity, and the expansion could help increase exports to Japan further. Petronas has said the new LNG train will require feed gas volumes of up to 850 million standard cubic feet per day, which will be supplied by various fields offshore Sarawak. The design work for the project had been awarded to JGC and another consortium in February 2012, but JGC, which has built all existing eight LNG trains over three decades, was selected to build the ninth train. Shares in JGC were trading up 1.8 per cent at 8.47am in an overall market up about 0.5 per cent.-- Reuters

Affin upgrades Genting to 'buy' Posted: 13 Mar 2013 07:30 PM PDT Affin Investment Bank upgraded Genting Bhd to 'buy' from 'reduce', saying it sees an emerging catalyst following the power-to-gaming group's plan to expand into Las Vegas. "The emerging earnings growth driver will now drive share price performance, we opine," Affin said in a research note on Thursday. The research house raised its target price on Genting to RM11.60 per share from RM8.75. It also raised its fair value on Genting Singapore PLC's to S$1.50 per share from S$1.20. "Consistent with our initial assessment, we are positive on Resorts World Las Vegas as regulatory risk is low; infrastructure is well placed to support tourism trajectory; and importantly, recovery in gross gaming revenue is accompanied by a higher VIP (Very Important Person) baccarat mix and foreign visitation to Las Vegas," Affin said. Genting on March 5 said it would purchase an unfinished resort on the Las Vegas strip from Boyd Gaming Corp for US$350 million, marking its first push into the US gambling hub. As of 9.17am, the stock was down 0.51 per cent at RM9.75 per share. Since March 5, when the announcement was made, Genting shares have dropped 1 per cent. The benchmark stock index fell 0.49 per cent.-- Reuters

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Suspect sought in fatal shooting of 4 in Upstate NY - USA TODAY Posted: 13 Mar 2013 10:22 AM PDT Emergency crews secure the scene of a shooting at Gaffey's car wash in Herkimer, N.Y., on March 13. Two people were fatally shot by a gunman who is believed to have killed two other people in the nearby Mohawk.(Photo: Rocco Laduca, (Utica, N.Y.) Observer-Dispatch, via AP) Police in Upstate New York's Herkimer County were looking for a suspect wanted for killing four people and wounding two others Wednesday in a shooting spree in the villages of Mohawk and Herkimer. The villages are about 65 miles east of Syracuse, on opposite sides of the Mohawk River in a region known as the Mohawk Valley. Joseph Malone, chief of police for the two villages, identified the suspect as Kurt Myers, 64, of Mohawk. He was described as "armed and extremely dangerous." Officials say guns and ammunition were found inside Myers' apartment after emergency crews were sent to a fire there Wednesday morning. The Observer-Dispatch (uticaod.com) quoted police as saying they were "familiar" with Myers but could not comment on any criminal record he may have. Herkimer, N.Y. The shooting spree began at mid-morning when a man armed with a long gun killed two people and injured two at John's Barber Shop in Mohawk then apparently drove to Gaffney's Fast Lube in nearby Herkimer where the second shootings occurred. Police in the Update New York villages of Herkimer and Mohawk said that Kurt Myers, 64, was a suspect in the killing of four people in a shooting spree in the two villages Wednesday morning. Police spelled his name "Myers" while the WKTV bulletin spelled it as "Meyers." Public records also show his name spelled both ways.(Photo: WKTV) Amanda Viscomi, Herkimer's acting clerk-treasurer for the village of 7,700, told the Associated Press the shooting at Gaffey's happened a few blocks from Village Hall. She said she was told the shooter was at large and that state police, sheriff's deputies and other police were swarming the area. "Everybody's on lockdown, all the schools, the college, the village," Viscomi said. "It's very, very scary." Herkimer County Community College sent an automated cellphone alert around 10:40 a.m. ET telling students and staff that there was an "active shooter" in the area. "It's very unusual for our small community to have such a horrific situation happen," said Herkimer County legislator Robert Schrader, 49, who represents Herkimer village and town. "It's a very nice community. We have never had anything like this happen, not in my lifetime." Firefighters respond to a structure fire at an apartment building in Mohawk, N.Y., where a man suspected of killing four people was believed to live.(Photo: Steve Hughes, (Utica, N.Y.) Observer-Dispatch, via AP) The county has a population of almost 65,000 people. The FBI defines a mass killing as when four or more are killed. There have been 201 such cases since 2006 i the United States. The barber shop and car wash slayings, if committed by the same gunman, would represent the third mass killing of 2013. All have been shootings. What police say was an attempted apartment robbery in Tulsa ended with four women slain in January. Police have arrested two brothers, both of whom have been charged with murder. Later that month, a 15-year-old boy was charged with five counts of murder after his family was found shot at their Albuquerque home. Contributing: Donna Leinwand Leger and Meghan Hoyer, USA TODAY; the Associated Press

New Round of Voting Fails to Name a Pope - New York Times Posted: 13 Mar 2013 10:21 AM PDT By DANIEL J. WAKIN and ALAN COWELL Published: March 13, 2013 VATICAN CITY — Thousands of the faithful and the curious filled St. Peter's Square on Wednesday evening, hoping for the white smoke that signals a selection. The morning session held by the 115 cardinals of the Catholic Church yielded only black smoke, which billowed from a makeshift copper chimney atop the Sistine Chapel after noon, signaling that they had again failed to muster majority support for a successor to Benedict XVI and that balloting would continue until they do. A first vote ended inconclusively on Tuesday, and the inky black smoke at midday Wednesday indicated an absence of consensus among the cardinals in two subsequent ballots, over what kind of pope they want to confront the pressing and sometimes conflicting demands for change in the church after years of scandal. "It's more or less what we expected," the Rev. Federico Lombardi, the Vatican spokesman, said of the first three ballots. He said the continuing voting was a "normal process of discernment," not a sign of divisions. In relatively recent times, he said, only one pope was chosen as quickly as the third ballot — Pius XII, whose papacy spanned World War II and lasted from 1939 to 1958. Unusually, President Obama pitched in to the papal debate, promoting the idea of an American pope. In an interview broadcast on Wednesday, Mr. Obama said an American pope would "preside just as effectively as a Polish pope or an Italian pope or a Guatemalan pope." The president dismissed the idea that an American pope would be perceived as too tied to the government of the United States. "I don't know if you've checked lately, but the Conference of Catholic Bishops here in the United States don't seem to be taking orders from me," Mr. Obama told George Stephanopoulos of ABC News in the interview.  Mr. Obama said he hoped that whoever becomes pope will maintain what he called the "central message" of the Gospel.   "That is that we treat everybody as children of God and that we love them the way Jesus Christ taught us to love them," Mr. Obama said. "I think that a pope that, you know, is that clarion voice on behalf of those issues will, you know, will have a tremendous and positive impact on the world."  Voting is set to continue — with up to two rounds each morning and afternoon — until a candidate receives a two-thirds majority, or 77 votes. At that point, white smoke will billow forth from the chapel, telling the world's one billion-plus Catholics that they have a new leader, and the bells of St. Peter's Basilica will peal. On Wednesday, the first full day of the conclave, the prelates celebrated a morning Mass in the Pauline Chapel of the Apostolic Palace before moving to the Sistine Chapel to deliberate and vote under its 16th-century frescoes by Michelangelo. Outside, pilgrims and sightseers sheltered under umbrellas in the piazza starting early in the rainy morning, hoping to see an unequivocal signal from the burning ballot papers. The crowd soon thickened, with many people staring toward the chimney with its simple cover or looking at it on huge television screens. Some closed their eyes and clasped their hands around rosaries in prayer. At the last papal election, in 2005, the color was indeterminate in an early round, prompting confusion. But, on Tuesday and Wednesday, the smoke was unmistakably black. Technology helped, too. By the time the first smoke emerged, at 7:41 p.m. on Tuesday, it was dark outside. But giant screens in St. Peter's Square showed the smokestack clearly. The Vatican has given details of how the black smoke is generated, saying that, since 2005, a secondary device alongside the traditional ballot-burning stove generates colored smoke from different chemical compounds. Both devices feed into stovepipes that join up as a single smokestack on the Sistine Chapel roof. For black smoke, the Vatican Information Service said, the compound blends potassium perchlorate, anthracene and sulfur. White smoke heralding a new pope comes from a mixture of potassium chlorate, lactose and rosin, "a natural amber resin obtained from conifers." Before 2005, the black smoke was "obtained by using smoke black or pitch and the white smoke by using wet straw," the Vatican said. 1 2 Next Page » Daniel J. Wakin reported from Vatican City, and Alan Cowell from London. Michael D. Shear contributed reporting from Washington.

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