IEIC Welcomes Akamai as New Founding Member
IEIC Welcomes Akamai as New Founding MemberDr. Vinay Kanitkar joins industry luminaries advocating need for global Internet diversity and resiliency ASHBURN, Va., May 26, 2020 /PRNewswire/ -- The Internet Ecosystem Innovation Committee (IEIC), an independent committee that promotes internet diversity and resilience through the formation of new global internet nexus points, today announced that Akamai (NASDAQ: AKAM) has joined as a founding member. Dr. Vinay Kanitkar, Chief Technology Officer - Global Carrier Strategy and Akamai Fellow, leads Akamai's Network Optimization team and will be representing the company alongside representatives of the IEIC's other founding members. A 2008 recipient of Akamai's prestigious Danny Lewin Award, Kanitkar works closely with Akamai's network operator partners, focusing on network design and architecture, and internally on Akamai's technology evolution and platform optimization. The Akamai network, one of the largest in the world utilizes over 275,000 servers deployed in more than 130 countries and is integrated within 1,500 networks globally. Akamai delivers daily Web traffic reaching more than 50 terabits per second and in 2019 serviced 25.3 million concurrent viewers for the Cricket World Cup, setting a record for live streaming. The mission of IEIC is to advocate for a more diverse and resilient Internet as we transition to a digital economy. The Internet requires networks to exchange traffic (peering points) and since the advent of the Internet, these peering points have largely been concentrated in a relatively small number of buildings where networks are concentrated. The reliance on a limited number of peering locations creates risk and limits opportunity for more communities to participate in the Internet's growth and economic potential. Large internet business models like Akamai are acutely aware of the limitations and dependency on Internet exchange points that are critical to their success. The IEIC's mission is to collaborate with communities globally to create new internet nexus points through partnership with local municipalities, academia and businesses. "The vision of the IEIC aligns perfectly with my interest in a more diverse and resilient Internet ecosystem," Kanitkar said. "Working with Internet luminaries like Vint Cerf and the growing group of IEIC Founding Members that are technology visionaries in their own right is an exciting opportunity and honor." "Dr. Kanitkar plays a key role architecting the networking ecosystem of the world's largest content delivery network," said Dr. Vint Cerf, Google Chief Internet Evangelist and co-Founder of the Internet. "We welcome his participation and leadership as we advance the mission of the IEIC." "Now more than ever during these uncertain times we are all witness to increasing demand for capacity and performance that is putting stress on the Internet," said Clint Heiden, Founder of the IEIC and Chief Revenue Officer of QTS Realty Trust. "We welcome Dr. Kanitkar's contributions to the IEIC as we emphasize the importance of optimizing the Internet reliability required to support the new digital economy." The IEIC recently announced an upcoming Virtual Summit Series beginning in late May 2020 featuring notable industry leaders including Dr. Vint Cerf and Dr. Ken Washington. The online series will address key considerations for enterprise and government leaders in the wake of the Coronavirus pandemic that is reshaping our society into a global remote workforce. Each Virtual Series event will feature a live 20 minute keynote address from a recognized industry leader followed by 40 minute panel discussions with participating CEOs, CTOs, and COOs from industry giants, universities and municipalities such as Google, Ford Motor Company, Bank of America, Cigna, Uber, Hilton, Telia Carrier, CenturyLink, Ciena, Blade, Freddie Mac, Telxius, Virginia Commonwealth University, Henrico County and others. About Akamai Akamai secures and delivers digital experiences for the world's largest companies. Akamai's intelligent edge platform surrounds everything, from the enterprise to the cloud, so customers and their businesses can be fast, smart, and secure. Top brands globally rely on Akamai to help them realize competitive advantage through agile solutions that extend the power of their multi-cloud architectures. Akamai keeps decisions, apps and experiences closer to users than anyone - and attacks and threats far away. Akamai's portfolio of edge security, web and mobile performance, enterprise access and video delivery solutions is supported by unmatched customer service, analytics and 24/7/365 monitoring. To learn why the world's top brands trust Akamai, visit www.akamai.com, blogs.akamai.com, or @Akamai on Twitter. You can find our global contact information at www.akamai.com/locations. About the Internet Ecosystem Innovation Committee The IEIC is an independent committee that promotes Internet diversity forming new global Internet nexus points. The mission of IEIC is to partner with communities globally to create new Internet nexus points through public and private partnerships with local municipalities, academia and businesses. The Founding Members of IEIC are industry luminaries from many of the world's most respected companies and leaders including: Vint Cerf/Google (NASDAQ: GOOG), Clint Heiden/QTS (NYSE: QTS), Steve Alexander/Ciena (NYSE: CIEN), Rafael Arranz/Telxius, Jason Black/Uber (NYSE: UBER), Bank of America, Mark Boxer/Cigna (NYSE: CI), Barbara Boyan/Virginia Commonwealth University (VCU), Andrew Dugan/CenturyLink (NYSE: CTL), Staffan Göjeryd/Telia Carrier (VSE: TEL1L), Jon Greaves/QTS (NYSE: QTS), Asher Kagan/Blade, Vinay Kanitkar/Akamai (NASDAQ: AKAM), Michael Leidinger/Hilton (NYSE: HLT), Vinay Nagpal/InterGlobix, Frank Nazzaro/FreddieMac, and Ken Washington/Ford (NYSE: F). For additional information visit: www.ieicco.com IEIC Media Contact: Carter B. Cromley (703) 861-7245 [email protected] Akamai Media Contact: Chris Nicholson (617) 444-2987 [email protected] View original content to download multimedia:http://www.prnewswire.com/news-releases/ieic-welcomes-akamai-as-new-founding-member-301065082.html SOURCE Internet Ecosystem Innovation Committee (IEIC)
Callon Petroleum Company Announces Termination of the Exchange Offer and Consent Solicitations
Callon Petroleum Company Announces Termination of the Exchange Offer and Consent Solicitations HOUSTON, May 26, 2020 /PRNewswire/ -- Callon Petroleum Company ("Callon" or the "Company") (NYSE: CPE) today announced that it terminated its previously announced private exchange offer (the "Exchange Offer") to holders of its outstanding 6.25% Senior Notes due 2023 (the "2023 Notes"), 8.25% Senior Notes due 2025 (the "2025 Notes" and, together with the 2023 Notes, the "Carrizo Notes"), 6.125% Senior Notes due 2024 (the "2024 Notes") and 6.375% Senior Notes due 2026 (the "2026 Notes" and, together with the 2024 Notes, the "Callon Notes" and, together with the Carrizo Notes, the "Old Notes") to exchange their Old Notes for up to $300,000,000 aggregate principal amount of newly issued 8.00% Second Lien Senior Secured Notes due 2025 (the "New Notes"). All Old Notes previously tendered in the Exchange Offer and not validly withdrawn will be promptly returned to their respective holders. No Old Notes will be accepted for exchange and no New Notes will be issued. This press release is for informational purposes only and is not an offer to purchase or a solicitation of an offer to purchase or sell any securities, nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Callon Petroleum Company Callon Petroleum Company is an independent oil and natural gas company focused on the acquisition, exploration, and development of high-quality assets in the leading oil plays of South and West Texas. Cautionary Note Regarding Forward-Looking Statements This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include all statements regarding the Exchange Offer and Consent Solicitations; wells anticipated to be drilled and placed on production; future levels of drilling activity and associated production and cash flow expectations; the Company's production guidance and capital expenditure forecast; estimated reserve quantities and the present value thereof; anticipated returns and financial position; and the implementation of the Company's business plans and strategy, as well as statements including the words "believe," "expect," "may," "will," "forecast," "outlook," "plans" and words of similar meaning. These statements reflect the Company's current views with respect to future events and financial performance based on management's experience and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. No assurances can be given, however, as of this date, that these events will occur or that these projections will be achieved, and actual results could differ materially from those projected as a result of certain factors. Any forward-looking statement speaks only as of the date of which such statement is made and the Company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law. Some of the factors which could affect our future results and could cause results to differ materially from those expressed in our forward-looking statements include the volatility of oil, natural gas and natural gas liquids ("NGLs") prices or a prolonged period of low oil, natural gas or NGLs prices and the effects of actions by, or disputes among or between, members of the Organization of Petroleum Exporting Countries, such as Saudi Arabia and other oil and natural gas producing countries, such as Russia, with respect to production levels or other matters related to the price of oil, general economic conditions, including the availability of credit and access to existing lines of credit, the effects of excess supply of oil and natural gas resulting from reduced demand caused by the COVID-19 pandemic and the actions of certain oil and natural gas producing countries, our ability to drill and complete wells, operational, regulatory and environment risks, cost and availability of equipment and labor, our ability to finance our activities, the ultimate timing, outcome and results of integrating the operations of Carrizo and Callon and the ability of the combined company to realize anticipated synergies and other benefits in the timeframe expected or at all, and other risks more fully discussed in our filings with the Securities and Exchange Commission (the "SEC"), including our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q and subsequent Quarterly Reports on Form 10-Q, available on our website or the SEC's website at www.sec.gov. Contact:Mark BrewerDirector of Investor RelationsCallon Petroleum [email protected](281) 589-5200 View original content:http://www.prnewswire.com/news-releases/callon-petroleum-company-announces-termination-of-the-exchange-offer-and-consent-solicitations-301064879.html SOURCE Callon Petroleum Company
Vermilion Energy Inc. Announces CEO Departure and the Appointments of Executive Chairman and President
Vermilion Energy Inc. Announces CEO Departure and the Appointments of Executive Chairman and President CALGARY, May 25, 2020 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) announces that Anthony Marino has stepped down as President and Chief Executive Officer and as a director of the Company, effective immediately. Mr. Marino made many contributions to Vermilion during his eight-year tenure with the Company, including various improvements to the cost structure and associated capital efficiencies. These core competencies will continue to serve the Company well moving into the future. Vermilion's Board of Directors (the "Board") would like to thank Mr. Marino for his contributions to the Company. The Board is pleased to announce that Lorenzo Donadeo has been appointed Executive Chairman. Mr. Donadeo has 39 years of experience in the oil and gas industry. He was a co-founder of Vermilion in 1994 and has served as Chairman of the Board since March 1, 2016. From 2014 to 2016, Mr. Donadeo served as the Chief Executive Officer. From 2003 to 2014, he served as President and Chief Executive Officer and from 1996 to 2003 he served as Vermilion's Executive Vice President and Chief Operating Officer. Mr. Donadeo has a Bachelor of Science degree in Mechanical Engineering (with distinction) from the University of Alberta. The Board is also pleased to announce that Curtis Hicks is rejoining the Company and has been appointed President. Mr. Hicks has 40 years of experience in the oil and gas industry. Most recently, he was Executive Vice-President and Chief Financial Officer of Vermilion from 2003 to 2018. During his time at Vermilion, the Company was recognized as one of the premier Canadian oil and gas companies with a strong financial structure backstopping disciplined capital allocation. He was a key contributor to Vermilion's success and culture during his tenure. Mr. Hicks is a Chartered Professional Accountant and has a Bachelor of Commerce degree (with distinction) from the University of Saskatchewan. In lieu of filling the role of Chief Executive Officer, Vermilion has created an Executive Committee consisting of a minimum of five senior executives from within the Company. It will include the Executive Chairman, President, Chief Financial Officer, Chief Operating Officer, Executive Vice-President People and Culture and Vice-President of Business Development. The Executive Committee structure was successfully utilized by Vermilion in the past and has been formally re-established. It will be used by the organization to review and approve key organizational, financial, operational and strategic decisions for the Company. This leadership structure has proven to be a highly collaborative decision-making model that draws upon the collective knowledge, experience, business acumen and skills of the senior management team. Larry MacDonald will continue as lead director. Mr. Donadeo and Mr. Hicks know the Company well. They know the assets, the people and the corporate culture and have a positive track record of long-term value creation at Vermilion. Stated Lorenzo Donadeo, "In these challenging times, Vermilion will redouble its focus on its core business principles that have served it well over its successful 26-year history. These principles are based on a conservative, long-term focus on balance sheet strength and capital discipline to generate strong returns. This has resulted in Vermilion providing shareholders with over $3.8 billion, or $40.20 per share, of dividends over the last 17 years. This approach has also helped build an organization underpinned by a high quality, high netback diversified asset base with strong free cash flow generation. Through Vermilion's history we have experienced, and more importantly learned from, several previous severe downturns. To that end, while our long-term strategic plan is unchanged, we have acted quickly to ensure the Company can emerge from the current downturn in a strong financial position. This, together with our talented and dedicated organizational team gives me confidence that we can successfully navigate the Company through this very difficult time and position Vermilion for continued long-term value creation." About Vermilion Vermilion is an international energy producer that seeks to create value through the acquisition, exploration, development and optimization of producing properties in North America, Europe and Australia. Our business model emphasizes organic production growth augmented with value-adding acquisitions, along with returning capital to investors when economically warranted. Vermilion is targeting growth in production primarily through the exploitation of light oil and liquids-rich natural gas conventional resource plays in Canada and the United States, the exploration and development of high impact natural gas opportunities in the Netherlands and Germany, and through oil drilling and workover programs in France and Australia. Vermilion holds a 20% working interest in the Corrib gas field in Ireland. Vermilion's priorities are health and safety, the environment, and profitability, in that order. Nothing is more important to us than the safety of the public and those who work with us, and the protection of our natural surroundings. We have been recognized as a top decile performer amongst Canadian publicly listed companies in governance practices, as a Climate Leadership level (A-) performer by the CDP, and a Best Workplace in the Great Place to Work® Institute's annual rankings in Canada, the Netherlands and Germany. In addition, Vermilion emphasizes strategic community investment in each of our operating areas. Employees and directors hold approximately 5% of our fully diluted shares and are committed to delivering long-term value for all stakeholders. Vermilion trades on the Toronto Stock Exchange and the New York Stock Exchange under the symbol VET. View original content to download multimedia:http://www.prnewswire.com/news-releases/vermilion-energy-inc-announces-ceo-departure-and-the-appointments-of-executive-chairman-and-president-301064679.html SOURCE Vermilion Energy Inc.
Unit Corporation Voluntarily Files Chapter 11 Cases to Restructure Balance Sheet
Unit Corporation Voluntarily Files Chapter 11 Cases to Restructure Balance Sheet Operations to Continue as Normal Enters into Restructuring Support Agreement with Certain CreditorsSecures Approximately $36 Million in Debtor-in-Possession Financing TULSA, Okla., May 22 /BusinessWire/ -- Unit Corporation (NYSE- UNT) ("the Company") today announced that it has filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas, Houston Division (the "Court") to effectuate a pre-negotiated Chapter 11 plan of reorganization (the "Plan") that will reduce the Company's funded debt obligations by more than $650 million and right-size the Company's balance sheet for go-forward operations. The Company expects to continue to operate in the ordinary course throughout the Chapter 11 process without material disruption to its vendors, customers, or partners. Importantly, the Company's 50%-owned midstream affiliate, Superior Pipeline Company, L.L.C. and its subsidiaries ("Superior"), is not a debtor in the Chapter 11 cases and is unaffected by the Company's Chapter 11 filing. Additionally, the Company does not anticipate that payments to vendors and suppliers of its subsidiary Unit Drilling Company will be impacted. The Chapter 11 petitions were filed in accordance with a Restructuring Support Agreement (the "RSA") between the Company, the holders of more than 70% of the Company's 6.625% senior subordinated notes due 2021 (the "Subordinated Notes") and all of the lenders under the Company's Senior Credit Agreement (the "RBL Lenders"). The RSA sets forth the principal terms of the restructuring transaction that will be effectuated by the Plan, including an equitization of all of the outstanding Subordinated Notes and the replacement of the existing RBL facility and the DIP financing with a $180 million exit financing facility. Consummation of the Plan will be subject to confirmation by the Court and other conditions in the Plan, the RSA and related transaction documents. "Like many companies in the oil and gas industry, we have felt the impact of the severe downturn in commodity prices, which has only worsened with the COVID-19 pandemic," said David T. Merrill, President and Chief Executive Officer. "While facing this challenging environment, we have worked diligently to explore a variety of strategic alternatives to cut costs, improve our liquidity and address near-term debt maturities. We are pleased to receive the support of our lenders and noteholders and are confident that, on emergence from Chapter 11, we will be better positioned to meet our challenges and realize the potential of our Company." With the filing, and subject to court approval, the Company has received a commitment from the RBL Lenders that are parties to the RSA to provide up to $36 million in debtor-in-possession ("DIP") financing. The Company anticipates up to $18 million will be available on an interim basis. This financing, combined with the Company's usual operating cash flows, is expected to provide sufficient liquidity for the Company to continue to operate in the ordinary course through the restructuring process. The Company has filed several customary motions with the court seeking authorization to support its operations while this process is ongoing, including authority to continue payment of employee wages, salaries and benefits without interruption, and to continue paying all vendors and suppliers of Unit Drilling Company in the ordinary course of business. The Company expects to receive court approval for these requests. Additional information about these Chapter 11 cases can be accessed via PACER at https://www.pacer.gov and, subject to the Court's approval, at https://cases.primeclerk.com/UnitCorporation or by calling (877) 720-6581 (Toll-Free) or (646) 979-4412 (Local). Vinson & Elkins L.L.P. is serving as legal advisor, Evercore Group L.L.C. is serving as investment banker, and Opportune LLP is serving as restructuring advisor to the Company. Weil, Gotshal & Manges LLP is serving as legal advisor and Greenhill & Co., LLC is serving as financial advisor to an ad hoc group of holders of Subordinated Notes. About the Company Unit Corporation is a Tulsa-based, publicly held energy company engaged through its subsidiaries in oil and gas exploration, production, contract drilling and natural gas gathering and processing. The Company's Common Stock is listed on the New York Stock Exchange under the symbol UNT. For more information about Unit Corporation, visit its website at http://www.unitcorp.com. Forward-Looking Statements This news release contains "forward-looking statements" within the meaning of the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are not statements of historical facts and often contain words such as "may," "will," "expect," "believe," "anticipate," "plan," "estimate," "seek," "could," "should," "intend," "potential," or words of similar meaning. Forward-looking statements are based on management's expectations, beliefs, assumptions and estimates regarding the Company, industry, economic conditions, government regulations and energy policies and other factors. Forward-looking statements may include, for example, statements regarding the Chapter 11 cases, the DIP facility, the Company's ability to complete the restructuring and its ability to continue operating in the ordinary course while the Chapter 11 cases are pending. These statements are subject to significant risks, uncertainties, and assumptions difficult to predict and could cause actual results to differ materially and adversely from those expressed or implied in the forward-looking statements, including risks and uncertainties regarding the Company's ability to complete a reorganization process under Chapter 11, including consummation of the restructuring; potential adverse effects of the Chapter 11 cases on the Company's liquidity and results of operations; the Company's ability to obtain timely approval by the bankruptcy court regarding the motions filed in the Chapter 11 cases; objections to the Company's restructuring process, the DIP facility, or other pleadings filed that could protract the Chapter 11 cases; employee attrition and the Company's ability to retain senior management and other key personnel due to the distractions and uncertainties, including the Company's ability to provide adequate compensation and benefits during the Chapter 11 cases; the Company's ability to comply with the restrictions imposed by the DIP facility and other financing arrangements; the Company's ability to maintain relationships with suppliers, customers, employees and other third parties and regulatory authorities because of the Chapter 11 filing; the effects of the Chapter 11 cases on the Company and on the interests of various constituents, including holders of the Company's common stock; the effects of the Chapter 11 cases on the market price of the Company's common stock and on the Company's ability to access the capital markets; the bankruptcy court's rulings in the Chapter 11 cases, including the approvals of the terms of the restructuring and the DIP facility, and the outcome of the Chapter 11 cases generally; the time that the Company will operate under Chapter 11 protection and the continued availability of operating capital during the pendency of the Chapter 11 cases; risks associated with third party motions in the Chapter 11 cases, which may interfere with the Company's ability to consummate the restructuring or an alternative restructuring; increased administrative and legal costs related to the Chapter 11 process; potential delays in the Chapter 11 process due to the effects of the COVID-19 virus; and other litigation and inherent risks involved in a bankruptcy process. Forward-looking statements are also subject to the risk factors and cautionary language described occasionally in the reports and registration statements the Company files with the Securities and Exchange Commission, including those in the Company's most recent Annual Report on Form 10-K and any updates thereto in the Company's Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Additional factors, events, or uncertainties that may emerge occasionally, or those that the Company deems immaterial, could cause the Company's actual results to differ, and it is impossible for the Company to predict them all. The Company makes forward-looking statements based on currently available information, and the Company assumes no obligation to, and expressly disclaim any obligation to, update or revise publicly any forward-looking statements made in this news release, whether because of new information, future events or otherwise, except as required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20200522005473/en/ back
World Fuel Services Corporation Declares Regular Quarterly Cash Dividend
World Fuel Services Corporation Declares Regular Quarterly Cash Dividend MIAMI, May 22 /BusinessWire/ -- World Fuel Services Corporation (NYSE:INT) announced today that its board of directors has declared a quarterly cash dividend of $0.10 per share payable on July 2, 2020 to shareholders of record on June 5, 2020. About World Fuel Services Corporation Headquartered in Miami, Florida, World Fuel Services is a global energy management company involved in providing energy procurement advisory services, supply fulfillment and transaction and payment management solutions to commercial and industrial customers, principally in the aviation, marine and land transportation industries. World Fuel Services sells fuel and delivers services to its clients at more than 8,000 locations in more than 200 countries and territories worldwide. For more information, call 305-428-8000 or visit www.wfscorp.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20200522005461/en/ back
Schlumberger Announces Second-Quarter 2020 Results Conference Call
Schlumberger Announces Second-Quarter 2020 Results Conference Call PARIS, May 22 /BusinessWire/ -- Schlumberger Limited (NYSE:SLB) will hold a conference call on July 24, 2020 to discuss the results for the second quarter ending June 30, 2020. The conference call is scheduled to begin at 8:30 am US Eastern time and a press release regarding the results will be issued at 7:00 am US Eastern time. To access the conference call, listeners should contact the Conference Call Operator at +1 (844) 721-7241 within North America or +1 (409) 207-6955 outside of North America approximately 10 minutes prior to the start of the call and the access code is 4013483. A webcast of the conference call will be broadcast simultaneously at www.slb.com/irwebcast on a listen-only basis. Listeners should log in 15 minutes prior to the start of the call to test their browsers and register for the webcast. Following the end of the conference call, a replay will be available at www.slb.com/irwebcast until August 24, 2020, and can be accessed by dialing +1 (866) 207-1041 within North America or +1 (402) 970-0847 outside of North America, and giving the access code 7688409. About Schlumberger Schlumberger is the world's leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. With product sales and services in more than 120 countries and employing approximately 103,000 people as of the end of first quarter of 2020 who represent over 170 nationalities, Schlumberger supplies the industry's most comprehensive range of products and services, from exploration through production, and integrated pore-to-pipeline solutions that optimize hydrocarbon recovery to deliver reservoir performance sustainably. Schlumberger Limited has executive offices in Paris, Houston, London, and The Hague, and reported revenues of $32.92 billion in 2019. For more information, visit www.slb.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20200522005020/en/ back
LIBERTY OILFIELD LOSS ALERT: ROSEN, A TOP RANKED INVESTOR FIRM, Reminds Liberty Oilfield Services Inc. Investors of Important June 2 Deadline in First Federal Securities Class Action Filed by the Firm - LBRT
LIBERTY OILFIELD LOSS ALERT: ROSEN, A TOP RANKED INVESTOR FIRM, Reminds Liberty Oilfield Services Inc. Investors of Important June 2 Deadline in First Federal Securities Class Action Filed by the Firm - LBRT NEW YORK, May 22, 2020 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Liberty Oilfield Services Inc. (NYSE: LBRT) pursuant and/or traceable to the registration statement and related prospectus (collectively, the "Registration Statement") issued in connection with Liberty Oilfield's January 17, 2018 initial public offering (the "IPO" or "Offering") of the important June 2, 2020 lead plaintiff deadline in the securities class action. The lawsuit seeks to recover damages for Liberty Oilfield investors under the federal securities laws. To join the Liberty Oilfield class action, go to http://www.rosenlegal.com/cases-register-1808.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action. NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR'S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF. According to the lawsuit, the Registration Statement featured false and/or misleading statements and/or failed to disclose that: (1) there was an oversupply in the hydraulic fracturing services market; (2) Liberty Oilfield's pricing power was weak; (3) Liberty Oilfield's services were not increasing and its competition was not decreasing; and (4) as a result, defendants' statements about Liberty Oilfield's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 2, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-register-1808.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at [email protected] or [email protected] Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm. Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors. Attorney advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 [email protected] [email protected] [email protected] www.rosenlegal.com View original content to download multimedia:http://www.prnewswire.com/news-releases/liberty-oilfield-loss-alert-rosen-a-top-ranked-investor-firm-reminds-liberty-oilfield-services-inc-investors-of-important-june-2-deadline-in-first-federal-securities-class-action-filed-by-the-firm--lbrt-301064374.html SOURCE Rosen Law Firm, P.A.
Equinor ASA: Announcement of dividend per share for the fourth quarter 2019 in NOK
Equinor ASA: Announcement of dividend per share for the fourth quarter 2019 in NOK Equinor (OSE: EQNR, NYSE:EQNR) announced 6 February 2020 dividend per share of USD 0.27 for fourth quarter 2019. The NOK dividend per share is based on average USDNOK fixing rate from Norges Bank in the period plus/minus three business days from record date 18 May 2020, in total seven business days. Average Norges Bank fixing rate for this period was 10.0810. Fourth quarter 2019 dividend per share is consequently NOK 2.7219. On 29 May 2020, dividend will be paid to shareholders on Oslo Børs (Oslo Stock Exchange) and to holders of American Depositary Receipts ("ADRs") on New York Stock Exchange. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
Recon Technology Announces Pricing of Approximately $2.1 million Registered Direct Offering
Recon Technology Announces Pricing of Approximately $2.1 million Registered Direct Offering BEIJING, May 22, 2020 /PRNewswire/ -- Recon Technology, Ltd. (NASDAQ: RCON) ("Recon" or the "Company") announced today it has entered into a securities purchase agreement with certain accredited investors on May 21, 2020 to purchase approximately $2.1 million worth of its ordinary shares in a registered direct offering and warrants to purchase ordinary shares in a concurrent private placement. Under the terms of the securities purchase agreement, the Company has agreed to sell approximately 0.9 million ordinary shares. In a concurrent private placement, the Company has agreed to issue unregistered warrants to purchase up to approximately 0.9 million ordinary shares. The warrants will be exercisable immediately upon the date of issuance and have an exercise price of $2.25. The warrants will expire 5.5 years from the date of issuance. The purchase price for one ordinary share and a corresponding warrant will be $2.25. The gross proceeds to the Company from the registered direct offering and concurrent private placement are estimated to be approximately $2.1 million before deducting the placement agent's fees and other estimated offering expenses. The registered direct offering and concurrent private placement are expected to close on or about May 26, 2020, subject to the satisfaction of customary closing conditions. Maxim Group LLC ("Maxim") is acting as sole placement agent in connection with this offering. The Company intends to use the net proceeds from this offering for general corporate purposes. The securities described above are being offered by the Company pursuant to a shelf registration statement on Form F-3 filed with the Securities and Exchange Commission (SEC) dated November 13, 2019, and declared effective on November 26, 2019. A prospectus supplement related to the offering will be, filed with the SEC and available on the SEC's website at http://www.sec.gov. Copies of the prospectus supplements relating to the offering may be obtained, when available, by contacting: Maxim Group LLC, 405 Lexington Avenue, 2nd Floor, New York, NY 10174, by telephone: at (212) 895-3500. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction. About Recon Technology, Ltd. Recon Technology, Ltd. (RCON) is China's first non-state-owned oil and gas field service company listed on NASDAQ. Recon supplies China's largest oil exploration companies with advanced automated technologies, efficient gathering and transportation equipment and reservoir stimulation measures for increasing petroleum extraction levels, reducing impurities and lowering production costs. Since 2017, the Company has expanded its business operations into other segments of the broader energy industry including electric power, coal chemicals, renewable energy and environmental protection in the energy and chemical industries. Through the years, Recon has taken leading positions on several market segments of the oil and gas field service industry. Recon also has developed stable long-term cooperation relationships with its major clients, and its products and service are well accepted by clients. For additional information please visit: www.recon.cn. Forward-Looking Statements Certain statements made herein are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "anticipate", "believe", "expect", "estimate", "plan", "outlook", and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements include timing of the proposed transaction; the business plans, objectives, expectations and intentions of the parties once the transaction is complete, and RCON's estimated and future results of operations, business strategies, competitive position, industry environment and potential growth opportunities. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. Due to known and unknown risks, our actual results may differ materially from our expectations or projections. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: there is uncertainty about the spread of the COVID-19 virus and the impact it will have on RCON's operations, the demand for the RCON's products and services, global supply chains and economic activity in general. These and other risks and uncertainties are detailed in the other public filings with the Securities and Exchange Commission (the "SEC") by RCON. Additional information concerning these and other factors that may impact our expectations and projections will be found in our periodic filings with the SEC, including our Annual Report on Form 20-F for the fiscal year ended June 30, 2019. RCON's SEC filings are available publicly on the SEC's website at www.sec.gov. RCON disclaims any obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise. IR contact:Liu JiaRecon Technology, Ltd.+86 (10) [email protected] View original content:http://www.prnewswire.com/news-releases/recon-technology-announces-pricing-of-approximately-2-1-million-registered-direct-offering-301064178.html SOURCE Recon Technology, Ltd.
Sasol SENS Announcement: Cautionary and Trading Statement
Sasol SENS Announcement: Cautionary and Trading Statement JOHANNESBURG, May 22, 2020 /PRNewswire/ -- Sasol refers to the cautionary announcements released on the Stock Exchange News Service on 17 March 2020 and 31 March 2020, outlining a comprehensive response strategy designed to mitigate the impact of COVID-19 and a lower oil price. The strategy includes a cash conservation programme, an accelerated and expanded asset disposal and partnering programme, as well as a potential rights issue of up to US$2 billion, which remains subject to the progress of other initiatives. Sasol shareholders are advised that implementation of the response strategy is underway, the outcome of which may have a material effect on the price of the Company's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the Company's securities until full announcements on the asset disposal and partnering programme and the potential rights issue are made. TRADING STATEMENT FOR THE FINANCIAL YEAR ENDING 30 JUNE 2020 Sasol shareholders are also advised that for the financial year ending 30 June 2020 (FY20) headline earnings per share (HEPS) are expected to decrease by at least 20%, compared to the HEPS of R30,72 reported for the year ended 30 June 2019 (the comparative period). Earnings per share (EPS) are also expected to decrease by at least 20%, compared to EPS of R6,97 reported for the comparative period. Our FY20 results may be impacted further by adjustments resulting from the year-end closure process, which may result in a change in the estimated EPS and HEPS noted above. A comprehensive trading statement will be published as soon as there is more certainty with respect to the ranges of the decrease in HEPS and EPS. The financial information on which this trading statement is based has not been reviewed and reported on by the Company's external auditors. Sasol's audited FY20 results will be announced on Monday, 17 August 2020. Disclaimer - Forward-looking statements Sasol may, in this document, make certain statements that are not historical facts and relate to analyses and other information which are based on forecasts of future results and estimates of amounts not yet determinable. These statements may also relate to our future prospects, expectations, developments and business strategies. Examples of such forward-looking statements include, but are not limited to, statements regarding exchange rate fluctuations, volume growth, increases in market share, total shareholder return, executing our growth projects (including LCCP), oil and gas reserves, cost reductions, our Continuous Improvement (CI) initiative, our climate change strategy and business performance outlook. Words such as "believe", "anticipate", "expect", "intend", "seek", "will", "plan", "could", "may", "endeavour", "target", "forecast" and "project" and similar expressions are intended to identify such forward-looking statements, but are not the exclusive means of identifying such statements. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that the predictions, forecasts, projections and other forward-looking statements will not be achieved. If one or more of these risks materialise, or should underlying assumptions prove incorrect, our actual results may differ materially from those anticipated. You should understand that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors and others are discussed more fully in our most recent annual report on Form 20-F filed on 28 October 2019 and in other filings with the United States Securities and Exchange Commission. The list of factors discussed therein is not exhaustive; when relying on forward-looking statements to make investment decisions, you should carefully consider both these factors and other uncertainties and events. Forward-looking statements apply only as of the date on which they are made, and we do not undertake any obligation to update or revise any of them, whether as a result of new information, future events or otherwise. For further information, please contact: Sasol Investor RelationsFeroza Syed, Chief Investor Relations OfficerDirect telephone: +27 (0) 82 557 [email protected] View original content:http://www.prnewswire.com/news-releases/sasol-sens-announcement-cautionary-and-trading-statement-301064200.html SOURCE Sasol Limited
CNOOC Limited Announces Penglai 19-3 Oilfield Area 4 adjustment/Penglai 19-9 Oilfield Phase II Project Commences Production
CNOOC Limited Announces Penglai 19-3 Oilfield Area 4 adjustment/Penglai 19-9 Oilfield Phase II Project Commences Production HONG KONG, May 21, 2020 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that Penglai 19-3 oilfield area 4 adjustment/Penglai 19-9 oilfield phase II project has commenced production. The Penglai 19-3/19-9 oilfields are located in Bohai with an average water depth of approximately 28 meters. A new wellhead platform has been built, with 47 wells planned in total, including 30 production wells, 16 water injection wells and 1 development and appraisal well. This new wellhead platform will fully utilize the existing processing facilities of Penglai 19-3 oilfield. The project is expected to reach its peak production of approximately 15,681 barrels of crude oil per day in 2022. CNOOC Limited holds 51% working interest in Penglai 19-3 oilfield area 4 adjustment/Penglai 19-9 oilfield phase II project and acts as the operator. ConocoPhillips China, CNOOC Limited's partner, holds the remaining 49% working interest. - End - Notes to Editors: More information about the Company is available at http://www.cnoocltd.com. *** *** *** *** This press release includes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, including statements regarding expected future events, business prospectus or financial results. The words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify such forward-looking statements. These statements are based on assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors the Company believes are appropriate under the circumstances. However, whether actual results and developments will meet the expectations and predictions of the Company depends on a number of risks and uncertainties which could cause the actual results, performance and financial condition to differ materially from the Company's expectations, including but not limited to those associated with fluctuations in crude oil and natural gas prices, macro-political and economic factors, changes in the tax and fiscal regimes of the host countries in which we operate, the highly competitive nature of the oil and natural gas industry, the exploration and development activities, mergers, acquisitions and divestments activities, environmental responsibility and compliance requirements, foreign operations and cyber system attacks. For a description of these and other risks and uncertainties, please see the documents the Company files from time to time with the United States Securities and Exchange Commission, including the Annual Report on Form 20-F filed in April of the latest fiscal year. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements. The Company cannot assure that the results or developments anticipated will be realised or, even if substantially realised, that they will have the expected effect on the Company, its business or operations. *** *** *** *** For further enquiries, please contact:Ms. Jing LiuManager, Media & Public RelationsCNOOC LimitedTel: +86-10-8452-3404Fax: +86-10-8452-1441E-mail: [email protected] Ms. Ada Leung Hill+Knowlton Strategies AsiaTel: +852-2894-6225Fax: +852-2576-1990E-mail: [email protected] View original content to download multimedia:http://www.prnewswire.com/news-releases/cnooc-limited-announces-penglai-19-3-oilfield-area-4-adjustmentpenglai-19-9-oilfield-phase-ii-project-commences-production-301064086.html SOURCE CNOOC Limited
National Oilwell Varco Announces Second Quarter 2020 Earnings Conference Call
National Oilwell Varco Announces Second Quarter 2020 Earnings Conference Call HOUSTON, May 21 /BusinessWire/ -- National Oilwell Varco, Inc. (NYSE:NOV) will hold a conference call to discuss its second quarter 2020 results on Tuesday, July 28, 2020 at 10 a.m. (Central Time). NOV will issue a press release with the Company's results after the market closes for trading on Monday, July 27, 2020. The call will be webcast live on www.nov.com/investors. About NOV National Oilwell Varco (NYSE: NOV) is a leading provider of technology, equipment, and services to the global oil and gas industry that supports customers' full-field drilling, completion, and production needs. Since 1862, NOV has pioneered innovations that improve the cost-effectiveness, efficiency, safety, and environmental impact of oil and gas operations. NOV powers the industry that powers the world. Visit www.nov.com for more information. View source version on businesswire.com: https://www.businesswire.com/news/home/20200521005785/en/ back
Noble Corporation plc Confirms Execution Of Leadership Transition Plan
Noble Corporation plc Confirms Execution Of Leadership Transition PlanJulie J. Robertson Transitions to Executive Chairman of the Board of DirectorsRobert W. Eifler Named as President and Chief Executive Officer and DirectorKevin S. Corbett Named to Board of Directors LONDON, May 21, 2020 /PRNewswire/ -- Noble Corporation plc (NYSE: NE, the Company) today announced that it has executed the leadership transition plan announced in February 2020. Effective today, Julie J. Robertson has assumed the newly created role of executive Chairman of the Company's Board of Directors. Robert W. Eifler has been named President and Chief Executive Officer and has been elected as a member of the Board of Directors. Additionally, Kevin S. Corbett has been elected to the Board of Directors to replace a board member who did not stand for re-election. "Over the course of my career at Noble I have been extremely fortunate to work with what I consider to be the best group of people in the world and I am looking forward to continuing to work with the Noble team in my new role," said Ms. Robertson. "Robert possesses the Company's values, deep industry knowledge, and a strategic mindset that makes him the ideal choice to lead Noble into the future." Mr. Eifler said, "I would like to thank Julie for her leadership and contributions to the company in her role as CEO, as well as her guidance during the leadership transition process. Our industry and our company are not alone in facing significant challenges in the current environment. I am honored to lead the men and women of Noble and I look forward to addressing these challenges together as we continue to maintain our focus on efficiently managing our business and strong operational execution of our technologically advanced fleet." About Noble Corporation plcNoble is a leading offshore drilling contractor for the oil and gas industry. The Company owns and operates one of the most modern, versatile and technically advanced fleets in the offshore drilling industry. Noble performs, through its subsidiaries, contract drilling services with a fleet of 24 offshore drilling units, consisting of 12 drillships and semisubmersibles and 12 jackups, focused largely on ultra-deepwater and high-specification jackup drilling opportunities in both established and emerging regions worldwide. Noble is a public limited company registered in England and Wales with company number 08354954 and registered office at 10 Brook Street, London, W1S 1BG England. Additional information on Noble is available at www.noblecorp.com. View original content:http://www.prnewswire.com/news-releases/noble-corporation-plc-confirms-execution-of-leadership-transition-plan-301064008.html SOURCE Noble Corporation
The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of Liberty Oilfield Services Inc. Investors (LBRT)
The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of Liberty Oilfield Services Inc. Investors (LBRT) LOS ANGELES, May 21 /BusinessWire/ -- The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of persons and entities that purchased or otherwise acquired Liberty Oilfield Services Inc. ("Liberty" or "the Company") (NYSE: LBRT) securities pursuant and/or traceable to the registration statement and related prospectus (collectively, the "Registration Statement") issued in connection with the Company's January 17, 2018 initial public offering (the "IPO" or "Offering"). Liberty investors have until June 2, 2020 to file a lead plaintiff motion. If you are a shareholder who suffered a loss, click here to participate. On February 5, 2020, after the market closed, Liberty issued a press release announcing its financial and operations results for fourth quarter and full year 2019. Therein, Liberty reported full year adjusted EBITDA of $277 million, or a 37% decline over the prior year, and diluted earnings per share of $0.53, which fell significantly short of analyst forecasts. On this news, Liberty's stock price fell $1.07, or over 12%, to close at $7.80 per share on February 6, 2020, thereby injuring investors. The complaint alleges that defendants made false and/or misleading statements and/or failed to disclose: (1) that there was an oversupply in the hydraulic fracturing services market; (2) that the Company's pricing power was weak; (3) that the Company's services were not increasing and its competition was not decreasing; and (4) as a result, Defendants' statements about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. Follow us for updates on Twitter: twitter.com/FRC_LAW. If you purchased Liberty securities during the Class Period, you may move the Court no later than June 2, 2020 to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you purchased Liberty securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to [email protected], or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. View source version on businesswire.com: https://www.businesswire.com/news/home/20200521005764/en/ back
Murphy Oil Corporation Announces Changes in Executive Management and Alignment of New Roles and Responsibilities
Murphy Oil Corporation Announces Changes in Executive Management and Alignment of New Roles and Responsibilities EL DORADO, Ark., May 21 /BusinessWire/ -- Murphy Oil Corporation (NYSE:MUR) today announced that Walter K. Compton, Executive Vice President and General Counsel, will retire from the company effective June 1, 2020. The current Vice President, Law and Corporate Secretary, E. Ted Botner, will be assuming Mr. Compton's responsibilities in addition to maintaining his current duties under the new title Senior Vice President, General Counsel and Corporate Secretary. Mr. Botner will now be reporting to Roger W. Jenkins, President and Chief Executive Officer. "Walter joined the Law Department over 32 years ago. During his distinguished law career, he has led numerous strategic transactions on behalf of the company, including the spin-off of Murphy USA, as well as many complex upstream and downstream acquisitions and divestitures. I wish him all best in his retirement," stated Roger W. Jenkins, President and Chief Executive Officer. Mr. Botner joined Murphy's Law Department in 2001 as an Attorney. Over his 19-year career with the company, he has held several positions with increasing responsibilities in the US and Malaysia, including Commercial Manager for Murphy Sarawak and General Manager, Malaysia, culminating in his current position of Vice President, Law and Secretary. Mr. Botner earned bachelor's degrees in arts and business administration from the University of Texas, a Master of Business Administration from Southern Methodist University and a law degree from the University of Arkansas. The company also announced that Michael K. "Mike" McFadyen, Executive Vice President, Offshore, has decided to leave the company effective June 1, 2020. Eric M. Hambly, currently Executive Vice President, Onshore, will be assuming Mr. McFadyen's responsibilities under the new title Executive Vice President, Operations and will continue to report to Jenkins. "Mike has been a key member of the executive team, making several important contributions to Murphy's success over his 18-year tenure. He spent several years helping build our Malaysia assets into a multi-billion dollar business and then was instrumental in growing our onshore portfolio in the US and Canada. I wish him all the best in his retirement," stated Jenkins. Over his 14-year career with the company, Mr. Hambly has earned roles with increasing responsibilities, primarily focusing on the company's Malaysia assets, and later to onshore operations in the US and Canada. Mr. Hambly earned bachelor's and master's degrees in Chemical Engineering from Brigham Young University and has completed the General Management Program at Harvard Business School. "Both Ted and Eric are experienced leaders with proven track records in their respective fields. On behalf of the Board of Directors and the executive management team, I would like to congratulate them on their new positions. We are looking forward to continuing to work with them," stated Jenkins. ABOUT MURPHY OIL CORPORATION As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in providing energy that empowers people by doing right always, staying with it and thinking beyond possible. It challenges the norm, taps into its strong legacy and uses its foresight and financial discipline to deliver inspired energy solutions. Murphy sees a future where it is an industry leader who is positively impacting lives for the next 100 years and beyond. Additional information can be found on the company's website at www.murphyoilcorp.com. FORWARD-LOOKING STATEMENTS This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified through the inclusion of words such as "aim", "anticipate", "believe", "drive", "estimate", "expect", "expressed confidence", "forecast", "future", "goal", "guidance", "intend", "may", "objective", "outlook", "plan", "position", "potential", "project", "seek", "should", "strategy", "target", "will" or variations of such words and other similar expressions. These statements, which express management's current views concerning future events or results, are subject to inherent risks and uncertainties. Factors that could cause one or more of these future events or results not to occur as implied by any forward-looking statement include, but are not limited to: macro conditions in the oil and gas industry, including supply/demand levels, actions taken by major oil exporters and the resulting impacts on commodity prices; increased volatility or deterioration in the success rate of our exploration programs or in our ability to maintain production rates and replace reserves; reduced customer demand for our products due to environmental, regulatory, technological or other reasons; adverse foreign exchange movements; political and regulatory instability in the markets where we do business; the impact on our operations or market of health pandemics such as COVID-19 and related government responses; other natural hazards impacting our operations or markets; any other deterioration in our business, markets or prospects; any failure to obtain necessary regulatory approvals; any inability to service or refinance our outstanding debt or to access debt markets at acceptable prices; or adverse developments in the U.S. or global capital markets, credit markets or economies in general. For further discussion of factors that could cause one or more of these future events or results not to occur as implied by any forward-looking statement, see "Risk Factors" in our most recent Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission ("SEC") and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K that we file, available from the SEC's website and from Murphy Oil Corporation's website at http://ir.murphyoilcorp.com. Murphy Oil Corporation undertakes no duty to publicly update or revise any forward-looking statements. View source version on businesswire.com: https://www.businesswire.com/news/home/20200521005755/en/ back
Höegh LNG Partners LP - Invitation to Presentation of First Quarter 2020 Results
Höegh LNG Partners LP - Invitation to Presentation of First Quarter 2020 Results HAMILTON, Bermuda, May 21, 2020 /PRNewswire/ -- Höegh LNG Partners LP's (NYSE: HMLP) first quarter 2020 results will be released on Thursday, May 28, 2020, before the market opens. In connection with this, a presentation will be held at 8:30 A.M. (EST) on Thursday, May 28, 2020. The results and presentation material will be available for download at http://www.hoeghlngpartners.com. The presentation will be immediately followed by a Q&A session. Participants will be able to join this presentation using the following details: a. Webcast https://www.webcaster4.com/Webcast/Page/942/34856 b. Teleconference International call: +1-412-542-4123 US Toll Free call: 1-855-239-1375 Canada Toll Free call: 1-855-669-9657 Participants should ask to be joined into the Höegh LNG Partners LP call. There will be a Q&A session after the presentation. Information on how to ask questions will be given at the beginning of the Q&A session. For those unable to participate in the conference call, a replay will be available from one hour after the end of the conference call until June 4, 2020. The replay dial-in numbers are as follows: International call: +1-412-317-0088 US Toll Free call: 1-877-344-7529 Canada Toll Free call: 1-855-669-9658 Replay passcode: 10144225 About Höegh LNG Partners LP Höegh LNG Partners LP is a growth-oriented limited partnership formed by Höegh LNG Holdings Ltd. (Oslo Børs ticker: HLNG), a leading floating LNG service provider. HMLP's strategy is to own, operate and acquire floating storage and regasification units ("FSRUs") and associated LNG infrastructure assets under long-term charters. It has interests in five FSRUs that have an industry leading average remaining firm contract duration of 9 years plus options as of March 31, 2020. Media Contact: Steffen FøreidChief Executive Officer and Chief Financial Officer+47 97557406www.hoeghlngpartners.com View original content:http://www.prnewswire.com/news-releases/hoegh-lng-partners-lp---invitation-to-presentation-of-first-quarter-2020-results-301063808.html SOURCE Hoegh LNG Partners LP
[email protected]™ Facilitates Outpatient Management of Kidney Transplants During COVID-19
[email protected]™ Facilitates Outpatient Management of Kidney Transplants During COVID-19TruGraf® and [email protected] reduce risks of surveillance biopsies during COVID-19 MANSFIELD, Mass., May 21, 2020 /PRNewswire/ -- Following the launch in April 2020 of [email protected] in response to the COVID-19 pandemic began impacting transplant patient care and the world, Transplant Genomics, Inc. ("TGI"), announce today the successful growth of TruGraf® driven by adoption of [email protected] TruGraf, the only blood test approved by CMS for surveillance to rule out "silent" subclinical acute rejection (subAR) in kidney transplant recipients with stable graft function, has been recognized as crucial to reducing risk in outpatient management after a kidney transplant during COVID-19 in a recent published article from Yale University. During the COVID-19 pandemic, typical protocols for management of kidney transplant recipients have been difficult to maintain as immunocompromised patients have been urged to stay at home and avoid visiting clinics for routine blood draws or surveillance biopsies. At the same time, clinicians understand that lack of adequate surveillance poses an even greater risk to their patients' health. Published data informs us that while ~25% of patients undergoing a surveillance biopsy will show signs of rejection roughly three times as many, i.e. ~75%, will have a healthy kidney, which means that with the benefit of hindsight, the invasive tissue biopsy was ultimately unnecessary. With the presence of COVID-19, these risks are further inflated, creating significant unnecessary risks for otherwise healthy patients, making them the highest risk-benefit category of transplant recipients. For these patients with stable graft function, TruGraf, a peripheral blood gene expression test, provides a liquid biopsy alternative that can reliably rule out whether there is "silent" subclinical acute rejection. [email protected] enables the necessary blood samples to be collected at home, enabling patients to avoid taking on the added risk of a clinic visit, and minimizing the patient load at hospitals where resources are devoted to COVID-19 care. In one recent published article from Yale School of Medicine, Drs. Shana E. Gleeson, Richard N. Formica, and Ethan P. Marin highlighted this problem accurately, reminding physicians and patients alike the critical benefit and differences in context-of-use between TruGraf and donor-derived cell-free DNA (dd-cfDNA) that "Performance of for-cause biopsies presents another exposure risk, and during this pandemic, the risk-benefit ratio must now incorporate potential exposure to SARS-CoV-2 in the health care facility. As an alternative, practitioners may consider using noninvasive measures of transplant rejection, such as donor-derived cell-free DNA (which may be used in place of for-cause biopsy) or peripheral blood gene expression tests (which may substitute for protocol biopsies)." [email protected] is an in-home blood draw service to aid in specimen collection for routine labs and speciality labs directly from a patient's home. Through our partners at Viracor, clinicians can order and customize remote sample collection to test for a number of infectious diseases, including COVID-19. As part of Eurofins, TGI is actively working to further improve the convenience and quality of service offered to transplant patients, with more announcements expected soon. For information on ordering tests and arranging remote sample collection, physicians may contact TGI about TruGraf tests by calling 1-844-TruGraf. Ordering and general information is also available on our websites at www.trugraf.com. About Transplant Genomics, Inc. Transplant Genomics, Inc. ("TGI") is a molecular diagnostics company committed to improving organ transplant outcomes, with an initial focus on kidney transplant recipients. Working with the transplant community, TGI is commercializing a suite of tests enabling diagnosis and prediction of transplant recipient immune status. Test results will support clinicians with information to optimize immune-suppressive therapy, enhance patient care and improve graft survival. Test services are offered through TGI's CLIA laboratory in Fremont, CA. Eurofins - a global leader in bio-analysis Eurofins Scientific through its subsidiaries (hereinafter sometimes "Eurofins" or "the Group") believes it is a scientific leader in food, environment, pharmaceutical and cosmetics products testing and in agroscience CRO services. It is also one of the global independent market leaders in certain testing and laboratory services for genomics, discovery pharmacology, forensics, CDMO, advanced material sciences and for supporting clinical studies. In addition, Eurofins is one of the leading global emerging players in specialty clinical diagnostic testing. With about 45,000 staff in more than 800 laboratories across 47 countries, Eurofins offers a portfolio of over 200,000 analytical methods for evaluating the safety, identity, composition, authenticity, origin and purity of biological substances and products, as well as for innovative clinical diagnostic. The Group objective is to provide its customers with high-quality services, accurate results on time and expert advice by its highly qualified staff. Eurofins is committed to pursuing its dynamic growth strategy by expanding both its technology portfolio and its geographic reach. Through R&D and acquisitions, the Group draws on the latest developments in the field of biotechnology and analytical chemistry to offer its clients unique analytical solutions and the most comprehensive range of testing methods As one of the most innovative and quality oriented international players in its industry, Eurofins is ideally positioned to support its clients' increasingly stringent quality and safety standards and the expanding demands of regulatory authorities around the world. The shares of Eurofins Scientific are listed on the Euronext Paris Stock Exchange (ISIN FR0000038259, Reuters EUFI.PA, Bloomberg ERF FP). Important disclaimer: This press release contains forward-looking statements and estimates that involve risks and uncertainties. The forward-looking statements and estimates contained herein represent the judgment of Eurofins Scientific's management as of the date of this release. These forward-looking statements are not guarantees for future performance, and the forward-looking events discussed in this release may not occur. Eurofins Scientific disclaims any intent or obligation to update any of these forward-looking statements and estimates. All statements and estimates are made based on the information available to the Company's management as of the date of publication, but no guarantee can be made as to their validity. SOURCE Eurofins Transplant Genomics Related Links http://www.viracor-eurofins.com Media Contact: Xiomara Ortiz, Eurofins U.S. Clinical Diagnostics, 860 817 0151 or [email protected] View original content:http://www.prnewswire.com/news-releases/labshome-facilitates-outpatient-management-of-kidney-transplants-during-covid-19-301063736.html SOURCE Eurofins - Transplant Genomics
REX American Resources to Report Fiscal 2020 Q1 Results and Host Conference Call and Webcast on Thursday, May 28
REX American Resources to Report Fiscal 2020 Q1 Results and Host Conference Call and Webcast on Thursday, May 28 DAYTON, Ohio, May 21 /BusinessWire/ -- REX American Resources Corporation (NYSE American:REX) announced today that it will report its fiscal 2020 first quarter financial results on Thursday, May 28, pre-market and will host a conference call and webcast at 11:00 a.m. ET that morning to review the results. To access the conference call, interested parties may dial 212/271-4615 (domestic and international callers). Participants can also listen to a live webcast of the call on the REX website at www.rexamerican.com/Corp/Page4.aspx. A webcast replay will be available for 30 days following the live event at www.rexamerican.com/Corp/Page4.aspx. About REX American Resources Corporation REX American Resources has interests in six ethanol production facilities, which in aggregate shipped approximately 660 million gallons of ethanol over the twelve-month period ended January 31, 2020. REX's effective ownership of the trailing twelve-month gallons shipped (for the twelve months ended January 31, 2020) by the ethanol production facilities in which it has ownership interests was approximately 238 million gallons. In addition, the Company acquired a refined coal operation on August 10, 2017. Further information about REX is available at www.rexamerican.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20200521005043/en/ back
Director Declaration ROYAL DUTCH SHELL PLC DIRECTOR DECLARATION Further to the resolutions passed at the Annual General Meeting of Royal Dutch Shell plc (the "Company") on May 19, 2020 to appoint Dick Boer and Martina Hund-Mejean as Directors of the Company with effect from May 20, 2020, the following information is disclosed pursuant to Listing Rule 9.6.13. Dick Boer is a non-executive Director of Nestlé and SHV Holdings. He was President and Chief Executive Officer of Ahold Delhaize from 2016 to 2018. Prior to the merger between Ahold and Delhaize, he served as President and CEO of Royal Ahold from 2011 to 2016. Martina Hund-Mejean is a non-executive Director of Prudential Financial, Inc and Colgate-Palmolive Company.From 2007 to 2019, Martina was Chief Finance Officer of Mastercard Inc. There is no information to disclose pursuant to Listing Rule 9.6.13 (2) to Listing Rule 9.6.13 (6) inclusive for either Dick Boer or Martina Hund-Mejean. May 21, 2020 Anthony ClarkeDeputy Company SecretaryRoyal Dutch Shell plc ENQUIRIES Shell Media RelationsInternational, UK, European Press: +44 20 7934 5550Shell Investor RelationsEurope: + 31 70 377 4540 United States: +1 832 337 2034 LEI number of Royal Dutch Shell plc: 21380068P1DRHMJ8KU70 Classification: Additional regulated information required to be disclosed under the laws of a Member State.
Matrix Service Awarded EPC of LNG Peak Shaving Facility
Matrix Service Awarded EPC of LNG Peak Shaving Facility TULSA, Okla., May 21, 2020 (GLOBE NEWSWIRE) -- Matrix Service Company (Nasdaq: MTRX) ("Matrix" or "the Company"), a leading contractor to the energy and power markets across North America, today announced that its subsidiary, Matrix Service Inc. and a confidential utility, have executed a contract for the engineering, procurement, and construction ("EPC") of a new liquified natural gas ("LNG") liquefaction facility in the western United States. The Company will take this project into backlog in the fourth quarter of Fiscal 2020. The facility, which includes a 1+ billion cubic foot (Bcf) LNG storage tank, is being constructed to meet system reliability for the supply of natural gas to customers in a major metropolitan area and its surrounding counties. Construction is expected to begin in the third quarter of calendar year 2020 with an estimated in-service date in the fourth quarter of 2022. "As an industry leader with more than four decades of experience in low-temperature and cryogenic tanks and terminals, we are very pleased to have been awarded this important project," said Matrix Service Company's President and Chief Executive Officer, John R. Hewitt. "We look forward to leveraging our specialized expertise in providing proven execution strategies and effective, efficient solutions in the production, re-gasification, and storage of LNG to deliver this project safely, on time and on budget." About Matrix Service CompanyFounded in 1984, Matrix Service Company (Nasdaq: MTRX) is parent to a family of companies that includes Matrix PDM Engineering, Matrix Service Inc., Matrix NAC, and Matrix Applied Technologies. Its companies design, build and maintain infrastructure critical to North America's energy and industrial markets. Matrix Service Company is headquartered in Tulsa, Oklahoma with offices located throughout the United States and Canada, as well as Sydney, Australia and Seoul, South Korea. The Company reports its financial results based on four key operating segments: Electrical Infrastructure, Storage Solutions, Oil Gas & Chemical and Industrial. With a culture driven by its core values of safety, integrity, stewardship, positive relationships, community involvement and delivering the best, Matrix has twice been named to Forbes Top 100 Most Trustworthy Companies in America and is consistently recognized as a Great Place to Work®. To learn more about Matrix Service Company, visit matrixservicecompany.com For more information about Matrix, please contact: This release contains forward-looking statements that are made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are generally accompanied by words such as "anticipate," "continues," "expect," "forecast," "outlook," "believe," "estimate," "should" and "will" and words of similar effect that convey future meaning, concerning the Company's operations, economic performance and management's best judgment as to what may occur in the future. Future events involve risks and uncertainties that may cause actual results to differ materially from those we currently anticipate. The actual results for the current and future periods and other corporate developments will depend upon a number of economic, competitive and other influences, including those factors discussed in the "Risk Factors" and "Forward Looking Statements" sections and elsewhere in the Company's reports and filings made from time to time with the Securities and Exchange Commission. Many of these risks and uncertainties are beyond the control of the Company, and any one of which, or a combination of which, could materially and adversely affect the results of the Company's operations and its financial condition. We undertake no obligation to update information contained in this release.