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Bristow Group Announces Participation at Upcoming Investor Conferences
Bristow Group Announces Participation at Upcoming Investor Conferences HOUSTON, Aug. 28, 2025 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, today announced its President and Chief Executive Officer Chris Bradshaw is scheduled to host investor meetings at the 2025 Barclays Energy-Power Conference on Tuesday, September 2, 2025, and participate in a hybrid fireside chat at the Jefferies Industrials Conference on Wednesday, September 3, 2025, and host investor meetings throughout the day. About Bristow Group Bristow Group Inc. is the leading global provider of innovative and sustainable vertical flight solutions. Bristow primarily provides aviation services to a broad base of offshore energy companies and government entities. Our aviation services include personnel transportation, search and rescue ("SAR"), medevac, fixed-wing transportation, unmanned systems and ad hoc helicopter services. Our business is comprised of three operating segments: Offshore Energy Services, Government Services and Other Services. Our energy customers charter our helicopters primarily to transport personnel to, from and between onshore bases and offshore production platforms, drilling rigs and other installations. Our government customers primarily outsource SAR activities whereby we operate specialized helicopters and provide highly trained personnel. Our other services include fixed-wing transportation services through a regional airline in Australia and dry-leasing aircraft to third-party operators in support of other industries and geographic markets. Bristow currently has customers in Australia, Brazil, Canada, Chile, the Dutch Caribbean, the Falkland Islands, India, Ireland, the Netherlands, Nigeria, Norway, Spain, Suriname, Trinidad, the United Kingdom ("UK") and the United States ("U.S."). To learn more, visit our website at www.bristowgroup.com. InvestorsBristow Group Inc.Jennifer Whalen+1 713.369.4636InvestorRelations@bristowgroup.com MediaBristow Group Inc.Adam MorganAdam.morgan@bristowgroup.com View original content:https://www.prnewswire.com/news-releases/bristow-group-announces-participation-at-upcoming-investor-conferences-302540660.html SOURCE Bristow Group
USA Compression Partners, LP Announces Upsized Credit Facility
USA Compression Partners, LP Announces Upsized Credit Facility DALLAS, Aug. 27 /BusinessWire/ -- USA Compression Partners, LP (NYSE:USAC) ("USA Compression" or the "Partnership") announced today that it has entered into an Eighth Amended and Restated Credit Agreement effective today, August 27, 2025, extending the maturity of its senior secured asset-backed loan facility ("Amended ABL") until August 2030. The credit facility is led by J.P. Morgan and includes 20 financial institutions with a combined commitment of $1.750 billion. This represents an increase of $150 million from the prior ABL facility. "We are pleased to extend and expand the Amended ABL, which has underpinned the Partnership's growth for more than 20 years," said Chris Paulsen, Chief Financial Officer of USA Compression. "The strong participation underscores the market's confidence in our credit profile and consistent performance. The Amended ABL will provide immediate interest savings and positions us well to continue to deliver long-term value to unitholders. We are grateful for the legacy of capital providers, many of which have participated at increasing commitment levels since inception." About USA Compression Partners, LP USA Compression Partners, LP is one of the nation's largest independent providers of natural gas compression services in terms of total compression fleet horsepower. USA Compression partners with a broad customer base composed of producers, processors, gatherers, and transporters of natural gas and crude oil. USA Compression focuses on providing midstream natural gas compression services to infrastructure applications primarily in high-volume gathering systems, processing facilities, and transportation applications. More information is available at usacompression.com. FORWARD-LOOKING STATEMENTS Statements in this press release may be forward-looking statements as defined under federal law. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors, many of which are outside the control of USA Compression, and a variety of risks that could cause results to differ materially from those expected by management of USA Compression. USA Compression undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events, or changes to future operating results over time. You are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this press release. Known material factors that could cause the Partnership's actual results to differ materially from the results contemplated by such forward-looking statements are described in the Partnership's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and the Partnership's Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2025, each of which was filed with the Securities and Exchange Commission. You should also understand that it is not possible to predict or identify all such factors and you should not consider these factors to be a complete statement of all potential risks and uncertainties. View source version on businesswire.com: https://www.businesswire.com/news/home/20250827707973/en/ back
$HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Crescent Energy Company (NYSE: CRGY)
$HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Crescent Energy Company (NYSE: CRGY) NEW YORK, Aug. 27, 2025 /PRNewswire/ -- Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating Crescent Energy Company (NYSE: CRGY) related to its merger with Vital Energy, Inc. Under the terms of the proposed transaction, Vital shareholders will have their shares converted into 1.9062 shares of Crescent Class A Common Stock. Is it a fair deal? Click here for more info https://monteverdelaw.com/case/crescent-energy-company/. It is free and there is no cost or obligation to you. NOT ALL LAW FIRMS ARE EQUAL. Before you hire a law firm, you should talk to a lawyer and ask: Do you file class actions and go to Court?When was the last time you recovered money for shareholders?What cases did you recover money in and how much?About Monteverde & Associates PC Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. No one is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341. Contact:Juan Monteverde, Esq.MONTEVERDE & ASSOCIATES PCThe Empire State Building350 Fifth Ave. Suite 4740New York, NY 10118United States of Americajmonteverde@monteverdelaw.comTel: (212) 971-1341 Attorney Advertising. (C) 2025 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter. View original content to download multimedia:https://www.prnewswire.com/news-releases/hareholder-alert-the-ma-class-action-firm-announces-an-investigation-of-crescent-energy-company-nyse-crgy-302540413.html SOURCE Monteverde & Associates PC
Transaction in Own Shares
Transaction in Own Shares Transaction in Own Shares 27 August, 2025 o o o o o o o o o o o o o o o o Shell plc (the `Company') announces that on 27 August, 2025 it purchased the following number of Shares for cancellation. Aggregated information on Shares purchased according to trading venue: These share purchases form part of the on- and off-market limbs of the Company's existing share buy-back programme previously announced on 31 July 2025. In respect of this programme, HSBC Bank plc will make trading decisions in relation to the securities independently of the Company for a period from 31 July 2025 up to and including 24 October 2025. The on-market limb will be effected within certain pre-set parameters and in accordance with the Company's general authority to repurchase shares on-market. The off-market limb will be effected in accordance with the Company's general authority to repurchase shares off-market pursuant to the off-market buyback contract approved by its shareholders and the pre-set parameters set out therein. The programme will be conducted in accordance with Chapter 9 of the UK Listing Rules and Article 5 of the Market Abuse Regulation 596/2014/EU dealing with buy-back programmes ("EU MAR") and EU MAR as "onshored" into UK law from the end of the Brexit transition period (at 11:00 pm on 31 December 2020) through the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, substituted or replaced by the Financial Services Act, 2021 and relevant statutory instruments (including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310), from time to time ("UK MAR") and the Commission Delegated Regulation (EU) 2016/1052 (the "EU MAR Delegated Regulation") and the EU MAR Delegated Regulation as "onshored" into UK law from the end of the Brexit transition period (at 11:00 pm on 31 December 2020) through the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, substituted or replaced by the Financial Services Act, 2021 and relevant statutory instruments (including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310), from time to time. In accordance with EU MAR and UK MAR, a breakdown of the individual trades made by HSBC Bank plc on behalf of the Company as a part of the buy-back programme is detailed below. Enquiries Media: International +44 (0) 207 934 5550; U.S. and Canada: https://www.shell.us/about-us/news-and-insights/media/submit-an-inquiry.html LEI number of Shell plc: 21380068P1DRHMJ8KU70 Classification: Acquisition or disposal of the issuer's own shares Attachment Shell RNS (Extended) 20250827
Houston American Energy Corp. to Break Ground at Cedar Port in Q4 with Corvus Construction
Houston American Energy Corp. to Break Ground at Cedar Port in Q4 with Corvus Construction HOUSTON, TX, Aug. 27, 2025 (GLOBE NEWSWIRE) -- Houston American Energy Corp. (NYSE American: HUSA) ("HUSA" or the "Company") and Abundia Global Impact Group (AGIG) today announced the appointment of Corvus Construction Company, Inc. (Corvus) as its design and construction partner for the infrastructure development underpinning AGIG's Plastics Recycling Facility and the construction of the Abundia Innovation Center on the site acquired this July at the Cedar Port Industrial Park in Baytown, TX. HUSA plans to construct the Abundia Innovation Center and its first plastics recycling plant at Cedar Port. The Center will serve as a transformative platform for commercial and technical validation of new technology solutions in the renewable energy sector, while the recycling facility will convert plastic waste into renewable fuels and chemical products. Under a Design-Build Agreement, Corvus will deliver a state-of-the-art research and development facility alongside an energy-efficient office and innovation hub, incorporating the latest technology and sustainable building practices. This first phase will create the foundation for HUSA's long-term vision to be a leader in the low-carbon fuels sector by driving collaborative innovation. Paul McBurney, Project Development and Construction Director for HUSA, said: "Corvus Construction has been selected due to their outstanding reputation, uncompromising commitment to quality, and proven track record of delivering complex projects on time and to the highest standards. Over the course of our engagement, we have found Corvus to be straightforward and collaborative, building a level of trust that makes them the right partner for this critical first phase. Their approach and values align perfectly with HUSA's vision for innovation and sustainability." Will Thornton, President of Corvus Construction, said: "As HUSA's design-build partner, Corvus is proud to help bring their vision for energy innovation to Houston's industrial community. Together, with Powers Brown Architecture, we are prioritizing energy efficiency and sustainable practices in every phase of developmentwhile upholding the high construction standards that define Corvus." About Corvus Construction Company, Inc. Corvus Construction Company, Inc. is a family-owned general contractor that provides interior finish and ground-up construction services to the greater Houston area. Corvus' Ground Up Division has extensive experience in institutional industrial projects for national developers and equity firms. They assist clients with due diligence budgets and feasibility analysis, with a reputation for delivery of high-quality buildings ahead of schedule and within budget. The operations team have decades of experience, coupled with a hands-on approach and long-standing relationships with the highest quality subcontractors. About Houston American Energy Corp. Houston American Energy Corp. (NYSE American: HUSA) is an independent energy company with a growing and diversified portfolio across both conventional and renewable sectors. Historically focused on the exploration and production of oil and natural gas, the Company is actively expanding into high-growth segments of the energy industry. In July 2025, HUSA acquired Abundia Global Impact Group, a technology-driven platform specializing in the conversion of waste plastics into low-carbon fuels and chemical feedstocks. This strategic acquisition reflects HUSA's broader commitment to meeting global energy demands through a balanced mix of traditional and alternative energy solutions and positions the Company to capitalize on emerging opportunities in sustainable fuels and energy transition technologies. Cautionary Note Regarding Forward-Looking Information: This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning 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 information generally is accompanied by words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "predict," "potential," "seem," "seek," "future," "outlook" and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Forward-looking information is based on management's current expectations and beliefs and is subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Forward-looking information in this news release includes, but is not limited to, statements about the future growth of the Company in the low-carbon fuels and chemicals sector as well as plans for transportation of feedstock and drop-in fuels and chemical products. Actual results may differ materially from those indicated by these forward-looking statements as a result of a variety of factors, including, but not limited to: (i) risks and uncertainties impacting the Company's business including, risks related to its current liquidity position and the need to obtain additional financing to support ongoing operations, the Company's ability to continue as a going concern, the Company's ability to maintain the listing of its common stock on NYSE American, the Company's ability to predict its rate of growth, the Company's ability to hire, retain and motivate employees, the effects of competition on the Company's business, including price competition, technological, regulatory and legal developments, developments in the economy and financial markets, risks related to the Company's ability to complete the development of the site at Cedar Port Industrial Park, and (ii) other risks as set forth from time to time in the Company's filings with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are beyond the control of the Company. With respect to the forward-looking information contained in this news release, the Company has made numerous assumptions. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant business, economic, competitive, market and social uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. A complete discussion of the risks and uncertainties facing the Company's business is disclosed in our Annual Report on Form 10-K and other filings with the SEC on www.sec.gov. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law. For additional information, view the company's website at www.houstonamerican.com or contact Houston American Energy Corp. at (713) 222-6966.
VITAL ENERGY INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Vital Energy, Inc. - VTLE
VITAL ENERGY INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Vital Energy, Inc. - VTLE NEW YORK & NEW ORLEANS, Aug. 26 /BusinessWire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Vital Energy, Inc. (NYSE:VTLE) to Crescent Energy Company (NYSE:CRGY). Under the terms of the proposed transaction, shareholders of Vital Energy will receive 1.9062 shares of Crescent Class A common stock for each share of Vital Energy that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company. If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nyse-vtle/ to learn more. To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com. CONNECT WITH US: Facebook || Instagram || YouTube || TikTok || LinkedIn View source version on businesswire.com: https://www.businesswire.com/news/home/20250826449050/en/ back
Sky Quarry to Host Live Investor Webinar on August 29, 2025
Sky Quarry to Host Live Investor Webinar on August 29, 2025 WOODS CROSS, Utah, Aug. 26, 2025 (GLOBE NEWSWIRE) -- Sky Quarry Inc. (NASDAQ: SKYQ) ("Sky Quarry" or "the Company"), an integrated energy solutions company committed to revolutionizing the waste asphalt shingle recycling industry, today announced that it will host a live investor webinar on Friday, August 29 at 12:00 p.m. PDT / 3:00 p.m. EDT. The webinar will provide an introductory look at how digital treasury strategies could play a role in Sky Quarry's long-term growth. Marcus Laun, President and Interim CFO of Sky Quarry will discuss why these emerging strategies are gaining global attention, how they may act as potential game changers for traditional industries, and what they could mean for investors. Webinar Highlights Understanding Digital Treasury What a digital treasury is in simple terms and why it is becoming a focus for forward-looking companiesWhy It Matters How these strategies could strengthen balance sheets, unlock capital pathways, and support sustainable growthTokenization in Context How tokenization may complement a broader digital treasury strategy and create new market opportunitiesOpportunities Ahead Ways digital treasury models could expand participation and enhance appeal for investors and partnersPositioning Sky Quarry A first look at how energy assets, digital markets, and innovative treasury tools could converge to support Sky Quarry's future Event Details: Date: August 29, 2025Time: 12:00 p.m. PDT / 3:00 p.m. EDTRegistration: https://us06web.zoom.us/webinar/register/WN_Quriq_LKQ9mAje5V8iS-kQ The webinar will feature Marcus Laun, President and Interim CFO of Sky Quarry, and will be moderated by Lloyd MacNeil, a partner at Troutman Pepper and a project finance attorney specializing in energy infrastructure. The presentation will be followed by a live Q&A. Attendees are encouraged to submit questions in advance by emailing ir@skyquarry.com. Registration is open to all investors, industry partners, and media. Space is limited, so early registration is encouraged. About Sky Quarry Inc. Sky Quarry Inc. (NASDAQ:SKYQ) and its subsidiaries are, collectively, an oil production, refining, and a development-stage environmental remediation company formed to deploy technologies to facilitate the recycling of waste asphalt shingles and remediation of oil-saturated sands and soils. Our waste-to-energy mission is to repurpose and upcycle millions of tons of asphalt shingle waste, diverting them from landfills. By doing so, we can contribute to improved waste management, promote resource efficiency, conserve natural resources, and reduce environmental impact. For more information, please visit skyquarry.com. Forward-Looking Statements This press release may include ''forward-looking statements.'' All statements pertaining to our future financial and/or operating results, future events, or future developments may constitute forward-looking statements. The statements may be identified by words such as "expect," "look forward to," "anticipate," "intend," "plan," "believe," "seek," "estimate," "will," "project," or words of similar meaning. Such statements are based on the current expectations and certain assumptions of our management, of which many are beyond our control. These are subject to a number of risks, uncertainties, and factors, including but not limited to those described in our disclosures. Should one or more of these risks or uncertainties materialize or should underlying expectations not occur or assumptions prove incorrect, actual results, performance, or our achievements may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. We neither intend, nor assume any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated. You are urged to carefully review and consider any cautionary statements and the Company's other disclosures, including the statements made under the heading "Risk Factors" and elsewhere in the Company's Form 10-K as filed with the SEC on March 31, 2025, as well as the Company's Form 10-Q as filed with the SEC on August 14, 2025. Forward-looking statements speak only as of the date of the document in which they are contained. Investor RelationsJennifer Standley Director of Investor RelationsIr@skyquarry.comCompany Websitewww.skyquarry.com
Comstock Announces the Purchase of All Equipment for Industry Scale Facility
Comstock Announces the Purchase of All Equipment for Industry Scale Facility VIRGINIA CITY, Nev., Aug. 25, 2025 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) ("Comstock," "our," and the "Company"), today announced that on August 15, 2025, immediately following the Company's previously announced successful public equity offering, that it had immediately placed all of the purchase orders and paid deposits totaling $5.1 million toward the purchase of all of the equipment for its 100,000 ton per year, certified zero-landfill industry-scale solar panel recycling facility to be located in Silver Springs, Nevada. The total purchase price for all the equipment is approximately $10.5 million. The Company also plans on spending an additional $1.5 million for expanded storage capacity, utility upgrades and commissioning of the facility. "Our equity offering represented a remarkably broad and deep representation of some of the best institutional investors with proceeds dedicated to funding the capital expenditures for our first industry-scale facility, the operating expenses required to reach sustained profitability and the extinguishment of debt and other obligations. Our balance sheet has never been stronger as we are now rapidly deploying our industry leading technology and customer solutions," stated Corrado De Gasperis, Executive Chairman and CEO of Comstock Inc. "The recycling growth opportunities have developed better and faster than our original plans, and we have now attracted some of the most sophisticated partners for investment, feedstock, operations, and offtake." Comstock Metals has now been operating its first commercial demonstration facility for over 18 months and in November of 2024, submitted permits for the first industry-scale photovoltaic recycling facility. Comstock Metals' billable revenues are expected to be eight times greater in 2025, as compared to 2024, or currently projected to be over $3.5 million, with proportionate future increases in 2026, as we scale up our first industry-scale facility. The Company's solar panel recycling objectives for the next 10 months include: Expand and activate local county storage capacity adjacent to our first industry-scale facility;Complete permitting for our first industry-scale facility in Silver Springs, NV, by November 2025;Secure additional Master Service Agreements (MSA) with national and regional customers;Complete site selection and permit submissions for two additional solar panel recycling locations;Expand our system globally with strategic and/or international partners;Procure, deploy, and assemble plant and equipment for our first industry-scale facility during Q4 2025;Commission the industry-scale facility during Q1 2026;Continuously operate the zero-landfill industry-scale solar panel recycling facility during Q2 2026; andAdvance and expand R&D efforts to recover more and higher-purity materials from recycled streams for offtake. "For the remainder of 2025, we plan on accelerating and increasing our lead as our solar panel recycling systems rapidly expand market share nationally while we await our final permits and the delivery of our high-speed, continuous processing system," said Comstock Metals' President, Dr. Fortunato Villamagna. "With our system, every component of an end-of-life solar panel (glass, aluminum, semiconductor fines, and other metals) is fully and cleanly reclaimed and repurposed into new, salable raw materials." About Comstock Inc. Comstock Inc. (NYSE: LODE) innovates and commercializes technologies that enable, support and sustain clean energy systems across entire industries by efficiently, effectively, and expediently extracting and converting under-utilized natural resources into reusable electrification metals, like silver, aluminum, copper, and other critical minerals from end-of-life photovoltaics. To learn more, please visit www.comstock.inc. Comstock Social Media Policy Comstock Inc. has used, and intends to continue using, its investor relations link and main website at www.comstock.inc in addition to its X.com, LinkedIn and YouTube accounts, as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. Contacts For investor inquiries:Judd B. Merrill, Chief Financial OfficerTel (775) 413-6222ir@comstockinc.com For media inquiries:Zach Spencer, Director of External RelationsTel (775) 847-7573media@comstockinc.com Forward-Looking Statements This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words "believe," "expect," "anticipate," "estimate," "project," "plan," "should," "intend," "may," "will," "would," "potential" and similar expressions identify forward-looking statements but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: future market conditions; future explorations or acquisitions; divestitures, spin-offs or similar distribution transactions, future changes in our research, development and exploration activities; future financial, natural, and social gains; future prices and sales of, and demand for, our products and services; land entitlements and uses; permits; production capacity and operations; operating and overhead costs; future capital expenditures and their impact on us; operational and management changes (including changes in the Board of Directors); changes in business strategies, planning and tactics; future employment and contributions of personnel, including consultants; future land and asset sales; investments, acquisitions, divestitures, spin-offs or similar distribution transactions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives, including the nature, timing and accounting for restructuring charges, derivative assets and liabilities and the impact thereof; contingencies; litigation, administrative or arbitration proceedings; environmental compliance and changes in the regulatory environment; offerings, limitations on sales or offering of equity or debt securities, including asset sales and associated costs; business opportunities, growth rates, future working capital, needs, revenues, variable costs, throughput rates, operating expenses, debt levels, cash flows, margins, taxes and earnings. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments, and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in our filings with the SEC and the following: adverse effects of climate changes or natural disasters; adverse effects of global or regional pandemic disease spread or other crises; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, and lithium, nickel and cobalt recycling, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration, metal recycling, processing or mining activities; costs, hazards and uncertainties associated with precious and other metal based activities, including environmentally friendly and economically enhancing clean mining and processing technologies, precious metal exploration, resource development, economic feasibility assessment and cash generating mineral production; costs, hazards and uncertainties associated with metal recycling, processing or mining activities; contests over our title to properties; potential dilution to our stockholders from our stock issuances, recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting our businesses; permitting constraints or delays; challenges to, or potential inability to, achieve the benefits of business opportunities that may be presented to, or pursued by, us, including those involving battery technology and efficacy, quantum computing and generative artificial intelligence supported advanced materials development, development of cellulosic technology in bio-fuels and related material production; commercialization of cellulosic technology in bio-fuels and generative artificial intelligence development services; ability to successfully identify, finance, complete and integrate acquisitions, spin-offs or similar distribution transactions, joint ventures, strategic alliances, business combinations, asset sales, and investments that we may be party to in the future; changes in the United States or other monetary or fiscal policies or regulations; interruptions in our production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, lithium, nickel, cobalt, cyanide, water, diesel, gasoline and alternative fuels and electricity); changes in generally accepted accounting principles; adverse effects of war, mass shooting, terrorism and geopolitical events; potential inability to implement our business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors; assertion of claims, lawsuits and proceedings against us; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the Securities and Exchange Commission; potential inability to list our securities on any securities exchange or market or maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows, or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Neither this press release nor any related calls or discussions constitutes an offer to sell, the solicitation of an offer to buy or a recommendation with respect to any securities of the Company, the fund, or any other issuer.
Battalion Oil Corporation Announces Acceptance of Compliance Plan by NYSE American
Battalion Oil Corporation Announces Acceptance of Compliance Plan by NYSE American Houston, Texas, Aug. 25, 2025 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE American: BATL, "Battalion" or the "Company") today announced that it received notice from the NYSE American LLC confirming acceptance of the Company's Plan to regain compliance with its continued listing standards, including granting a Plan period through November 30, 2026, for the Company to execute its compliance strategy. As previously disclosed in the Company's Current Report on Form 8-K filed on June 2, 2025, Battalion received a notice from the NYSE American indicating noncompliance with the continued listing standards set forth in Sections 1003(a)(i) and 1003(a)(ii) of the NYSE American Company Guide. In response, the Company submitted a detailed plan to regain compliance, which was accepted on August 19, 2025. During the Plan period, NYSE American staff will monitor the Company's progress. If Battalion fails to make progress consistent with the plan, the NYSE American may initiate delisting procedures, regardless of the Company's listing status at that time. The Company's common stock will continue to be listed on the NYSE American under the symbol "BATL," pursuant to an exception, and remains subject to compliance with all other applicable listing requirements. Management Comments "We appreciate the NYSE American's acceptance of our compliance plan and the opportunity to demonstrate our commitment to restoring compliance," said Matt Steele, Chief Executive Officer of Battalion Oil Corporation. "Our team is focused on executing the plan with discipline and urgency, while continuing to strengthen our operations and financial position. We remain confident in our long-term strategy and are committed to delivering value to our shareholders." While the Company is committed to regaining compliance, there can be no assurance that it will be successful within the Plan period. Future developments may also impact the Company's ability to meet continued listing standards or comply with other NYSE American requirements. Forward Looking Statements This press release includes forward-looking statements as defined by U.S. securities laws. These statements are not historical facts and often include words like "expects," "believes," "plans," "estimates," "may," "will," or similar expressions. They cover topics such as future production, financial condition, capital spending, and strategic plans. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ significantly. Key risks are described in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, and other filings with the Securities and Exchange Commission (SEC), available at www.sec.gov or on the Company's website at www.battalionoil.com. Readers are cautioned not to rely too heavily on these forward-looking statements, which speak only as of the date of this release. The Company does not undertake any obligation to update these statements in light of new information or future events.
Marathon Petroleum's Galveston Bay Refinery Earns Gold for Green Belt Conservation Efforts
Marathon Petroleum's Galveston Bay Refinery Earns Gold for Green Belt Conservation Efforts NORTHAMPTON, MA / ACCESS Newswire / August 25, 2025 / Tucked safely in its nest, a young hawk peeks out from the canopy within the refinery's Green Belt, a protected space where wildlife is given room to grow. Key PointsGalveston Bay refinery's Green Belt has been recognized as Gold Certified by WHC Certification , powered by Tandem Global, for its growing network of conservation habitats.Employees have brought the Green Belt to life over the years by restoring wetlands, planting native trees and creating safe spaces for birds, pollinators and more.With support from Trees For Houston and other partners, the refinery keeps expanding its environmental efforts and making room for nature to thrive.Marathon Petroleum's Galveston Bay refinery (GBR) has earned national recognition for its employee-driven efforts to restore and protect natural spaces across its site.The refinery's Green Belt Nature Conservation Habitats were recently designated as Gold Certified by WHC Certification , powered by Tandem Global, one of the highest honors in corporate conservation. Only a small percentage of WHC Certification's more than 600 global conservation programs receive this top-tier recognition."The Green Belt effort started with a simple idea to create spaces where people and wildlife could thrive side by side," said Regina Cooper, Senior Training Specialist at the Galveston Bay refinery and co-lead of the Wildlife Habitat Team. "Earning gold status is validation of years of hands-on work and passion from employees who care deeply about this site and the environment around it."That same passion continues to fuel conservation work across the refinery. Over the years, a dedicated group of employee volunteers has rolled up their sleeves to restore wetlands, plant pollinator gardens, install bird nesting boxes and bat houses, and turn underused land into spaces where nature can thrive.That work keeps growing through partnerships with organizations like Trees For Houston, a local nonprofit dedicated to planting, protecting and promoting trees. More than 150 native trees have been added to the refinery's Cooper's Landing over the past two years, led by the Wildlife Habitat Team.Earlier this year, Barry Ward, executive director of Trees For Houston, said this about the partnership: "Partnering with organizations like Marathon Petroleum allows us to expand our reach and create sustainable green spaces where they are needed most," he said. "These trees will provide long-term benefits, from improving air quality to creating a habitat for local wildlife for years to come."The planting events were made possible through a grant from Marathon Petroleum, with support from Trees For Houston staff who helped transport and position the trees. Volunteers from the refinery, along with contractors, community partners and students, have all taken part in the ongoing effort. The Wildlife Habitat Team hopes to continue building on this momentum by expanding green spaces and advancing sustainability efforts across the site."Congratulations to the entire GBR team for this well-deserved recognition and for turning this conservation effort into a golden achievement," said Honor Sheard, Refining Environmental, Safety and Security Director at the Galveston Bay refinery. "This is the latest example of how our shared commitment to environmental stewardship and community collaboration continues to drive meaningful progress and lasting impact."View additional multimedia and more ESG storytelling from Marathon Petroleum on 3blmedia.com.Contact Info:Spokesperson: Marathon PetroleumWebsite: https://www.3blmedia.com/profiles/marathon-petroleum-corporationEmail: info@3blmedia.comSOURCE: Marathon PetroleumView the original press release on ACCESS Newswire
Gevo to Participate in Virtual Fireside Chat
Gevo to Participate in Virtual Fireside Chat ENGLEWOOD, Colo., Aug. 25, 2025 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO) announced today that Leke Agiri, Gevo's Chief Financial Officer, and Eric Frey, Gevo's Vice President of Finance and Strategy, will participate in a virtual fireside chat on Monday, August 25, 2025 at 2:00pm ET. Investors and other persons interested in participating in the event must register using the link below. Registration Link: https://www.renmarkfinancial.com/live-registration/renmark-virtual-non-deal-roadshow-nasdaq-gevo-_fFonLzws8 About Gevo Gevo is a next-generation diversified energy company committed to fueling America's future with cost-effective, drop-in fuels that contribute to energy security, abate carbon, and strengthen rural communities to drive economic growth. Gevo's innovative technology can be used to make a variety of renewable products, including synthetic aviation fuel ("SAF"), motor fuels, chemicals, and other materials that provide U.S.-made solutions. By investing in the backbone of rural America, Gevo's business model includes developing, financing, and operating production facilities that create jobs and revitalize communities. Gevo owns and operates one of the largest dairy-based renewable natural gas ("RNG") facilities in the United States, turning by-products into clean, reliable energy. We also operate an ethanol plant with an adjacent carbon capture and sequestration ("CCS") facility, further solidifying America's leadership in energy innovation. Additionally, Gevo owns the world's first production facility for specialty alcohol-to-jet ("ATJ") fuels and chemicals. Gevo's market-driven "pay for performance" approach regarding carbon and other sustainability attributes, helps ensure value is delivered to our local economy. Through its Verity subsidiary, Gevo provides transparency, accountability, and efficiency in tracking, measuring and verifying various attributes throughout the supply chain. By strengthening rural economies, Gevo is working to secure a self-sufficient future and to make sure value is brought to the market. For more information, see www.gevo.com. Media ContactHeather ManuelVice President of Stakeholder Engagement & PartnershipsPR@gevo.com Investor ContactEric FreyVice President of Finance and StrategyIR@Gevo.com
SLB OneSubsea Awarded EPC Contract for Equinor's Fram Sr Project
SLB OneSubsea Awarded EPC Contract for Equinor's Fram Sør Project Subsea electrification enables large-scale tieback solution in the North Sea HOUSTON, Aug. 25 /BusinessWire/ -- Global energy technology company SLB (NYSE:SLB) announced today that its OneSubsea™ joint venture has been awarded an engineering, procurement and construction (EPC) contract by Equinor for a 12-well, all-electric Subsea Production System (SPS) in the Fram Sør field, offshore Norway. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250825924465/en/SLB OneSubsea will deliver 4 subsea templates and 12 all-electric subsea trees, eliminating the need for hydraulic fluid supplied by the host platform and keeping topside modifications to a minimum. The award follows a collaborative, year-long Front-End Engineering Design phase, where Equinor and SLB OneSubsea jointly matured the project, culminating in the development plan and final investment decision (FID). As part of the resulting EPC scope, SLB OneSubsea will deliver four subsea templates and 12 all-electric subsea trees, eliminating the need for hydraulic fluid supplied by the host platform and keeping topside modifications to a minimum. This approach unlocks a cost-effective solution for the project while retaining topside space for additional, future expansion projects in the area. "Fram Sør is a breakthrough project for our industry - marking the first large-scale all-electric subsea production system," said Mads Hjelmeland, chief executive officer of SLB OneSubsea. "Not only do all-electric subsea solutions significantly reduce topside needs to make large-scale tiebacks such as the Fram Sør development possible, but they also hold the key to unlock more marginal resources through their reduced footprint and simplified operations." The project will be developed as a subsea tieback to the host platform Troll C in the North Sea, contributing to the security of energy supply from the Norwegian continental shelf (NCS) to Europe. Benefitting from a host that is powered from Norwegian shores, the production from Fram Sør will have very low emissions. The contract is subject to regulatory approval of the plan for development and operations (PDO). About SLB SLB (NYSE: SLB) is a global technology company that drives energy innovation for a balanced planet. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com. About SLB OneSubsea SLB OneSubsea is driving the new subsea era that leverages digital and technology innovation to optimize our customers' oil and gas production, decarbonize subsea operations and unlock the large potential of subsea solutions to accelerate the energy transition. OneSubsea is a joint venture backed by SLB, Aker Solutions and Subsea7 headquartered in Oslo and Houston, with 10,000 employees across the world. Find out more at onesubsea.com. Cautionary Statement Regarding Forward-Looking Statements: This press release contains "forward-looking statements" within the meaning of the U.S. federal securities laws - that is, statements about the future, not about past events. Such statements often contain words such as "expect," "may," "can," "estimate," "intend," "anticipate," "will," "potential," "projected" and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment of, or anticipated benefits of, SLB's new technologies and partnerships; statements about goals, plans and projections with respect to sustainability and environmental matters; forecasts or expectations regarding energy transition and global climate change; and improvements in operating procedures and technology. These statements are subject to risks and uncertainties, including, but not limited to, the inability to achieve net-negative carbon emissions goals; the inability to recognize intended benefits of SLB's strategies, initiatives or partnerships; legislative and regulatory initiatives addressing environmental concerns, including initiatives addressing the impact of global climate change; the timing or receipt of regulatory approvals and permits; and other risks and uncertainties detailed in SLB's most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. The forward-looking statements speak only as of the date of this press release, and SLB disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise. View source version on businesswire.com: https://www.businesswire.com/news/home/20250825924465/en/ back
ONEOK Announces Permian-to-Gulf Coast Region Joint Venture Natural Gas Pipeline
ONEOK Announces Permian-to-Gulf Coast Region Joint Venture Natural Gas Pipeline Eiger Express Pipeline to Provide Natural Gas Transportation Solution for Growing Permian Basin Production TULSA, Okla., Aug. 25, 2025 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE), WhiteWater, MPLX LP (NYSE: MPLX) and Enbridge Inc. (NYSE: ENB), through the existing Matterhorn joint venture (Matterhorn JV), announced a new natural gas pipeline to transport growing natural gas production from the Permian Basin to the Gulf Coast region. The approximately 450-mile, 42-inch Eiger Express Pipeline is designed to transport up to approximately 2.5 billion cubic feet per day (Bcf/d) of natural gas from the Permian Basin in West Texas to the Katy area near Houston, Texas, and holds reserved capacity for deliveries to the Corpus Christi, Texas, market. The pipeline will source natural gas from processing facilities, including those owned by ONEOK and MPLX, and pipeline connections in the Midland and Delaware basins. The Eiger Express Pipeline joint venture is owned 70% by the Matterhorn JV, 15% by ONEOK and 15% by MPLX. ONEOK's total ownership interest in the pipeline is 25.5%, which includes its ownership interest in Matterhorn JV. "This important infrastructure project is needed to provide additional transportation capacity out of the highly productive Permian Basin," said Pierce H. Norton II, ONEOK president and chief executive officer. "This pipeline's strategic location offers connectivity to growing natural gas demand markets, helping to meet the need for increasing electricity generation and international demand for liquified natural gas (LNG) exports." The pipeline is supported by firm transportation agreements with contract terms of 10 years or longer. WhiteWater will construct and operate the pipeline, which is expected to be completed in mid-2028, pending receipt of customary regulatory and other approvals. At ONEOK (NYSE: OKE), we deliver energy products and services vital to an advancing world. We are a leading midstream operator that provides gathering, processing, fractionation, transportation, storage and marine export services. Through our approximately 60,000-mile pipeline network, we transport the natural gas, natural gas liquids (NGLs), refined products and crude oil that help meet domestic and international energy demand, contribute to energy security and provide safe, reliable and responsible energy solutions needed today and into the future. As one of the largest integrated energy infrastructure companies in North America, ONEOK is delivering energy that makes a difference in the lives of people in the U.S. and around the world. ONEOK is an S&P 500 company headquartered in Tulsa, Oklahoma. For information about ONEOK, visit the website: www.oneok.com. For the latest news about ONEOK, find us on LinkedIn, Facebook, X and Instagram. About the Matterhorn Joint Venture:The Matterhorn JV is owned by WhiteWater (65%), ONEOK (15%), MPLX (10%) and Enbridge (10%). The joint venture owns long-haul natural gas pipelines which transport natural gas from the Permian Basin to the Gulf Coast with direct connections to LNG export markets. The Matterhorn JV owns the Matterhorn Express Pipeline and 70% of the Eiger Express Pipeline. WhiteWater's stake in the Matterhorn JV is owned by FIC and I Squared Capital. About WhiteWater:WhiteWater is an Austin, Texas based infrastructure company and operator of multiple gas transmission assets, including the Matterhorn Express Pipeline and the Eiger Express Pipeline. WhiteWater is partnered with multiple private equity funds, including but not limited to FIC and I Squared Capital. For more information about WhiteWater, visit www.wwdev.com. About MPLX LP:MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets and provides fuels distribution services. MPLX's assets include a network of crude oil and refined product pipelines; an inland marine business; light-product terminals; storage caverns; refinery tanks, docks, loading racks, and associated piping; and crude and light-product marine terminals. MPLX also owns crude oil and natural gas gathering systems and pipelines as well as natural gas and NGL processing and fractionation facilities in key U.S. supply basins. More information is available at www.MPLX.com About Enbridge Inc.:At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We're investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power to advance new technologies including hydrogen, renewable natural gas and carbon capture and storage. Headquartered in Calgary, Alberta, Enbridge's common shares trade under the symbol ENB on the Toronto (TSX) and New York (NYSE) stock exchanges. To learn more, visit us at enbridge.com. Forward-Looking Statements: Some of the statements contained and incorporated in this news release are forward-looking statements as defined under federal securities laws. The forward-looking statements relate to our and the Matterhorn JV's and Eiger Express Pipeline joint venture's anticipated financial performance (including projected capital expenditures and cash flow), liquidity, management's plans and objectives for our future growth projects (including dates for expected completion of growth projects) and other future operations, market conditions and other matters. We make these forward-looking statements in reliance on the safe harbor protections provided under federal securities laws and other applicable laws. Forward-looking statements include the items identified in the preceding paragraph, the information concerning possible or assumed future results of our operations and other statements contained or incorporated in this news release identified by words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "goal," "guidance," "intend," "may," "might," "outlook," "plan," "potential," "project," "scheduled," "should," "will," "would" and other words and terms of similar meaning. One should not place undue reliance on forward-looking statements. Known and unknown risks, uncertainties and other factors may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements, including, without limitation, ONEOK being unable to achieve the anticipated benefits of the transaction. Those factors may affect our operations, markets, products, services and prices. These and other risks are described in greater detail in Item 1A, Risk Factors, in our most recent Annual Report on Form 10-K and in the other filings that we make with the Securities and Exchange Commission (SEC), which are available on the SEC's website at www.sec.gov. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Any such forward-looking statement speaks only as of the date on which such statement is made, and, other than as required under securities laws, we undertake no obligation to update publicly any forward-looking statement whether as a result of new information, subsequent events or change in circumstances, expectations or otherwise. Analyst Contact: Megan Patterson 918-561-5325 Media Contact: Alicia Buffer 918-861-3749 View original content to download multimedia:https://www.prnewswire.com/news-releases/oneok-announces-permian-to-gulf-coast-region-joint-venture-natural-gas-pipeline-302537618.html SOURCE Oneok, Inc.
Seadrill Announces Contracts in Angola for Sonadrill Joint Venture
Seadrill Announces Contracts in Angola for Sonadrill Joint Venture HAMILTON, Bermuda, Aug. 25 /BusinessWire/ -- Seadrill Limited ("Seadrill" or the "Company") (NYSE:SDRL) today announced Sonadrill Holding Ltd ("Sonadrill"), its 50:50 joint venture with an affiliate of Sonangol E.P. ("Sonangol"), has been awarded two contracts, positioning the joint venture for long-term success. The West Gemini secured a contract with Sonangol Exploração & Produção, S.A. for work in Angola with an estimated duration of 284 days, expected to begin in late 2025 or early 2026. The Sonangol Libongos received an award from Azule Energy Angola B.V. with an estimated firm term of 525 days, plus priced options beyond this initial term. The program is expected to commence offshore Angola in the third quarter of 2025 in direct continuation of the current contract. There are currently three drillships bareboat chartered into Sonadrill, a Seadrill-owned unit, the West Gemini, and two Sonangol-owned units, the Sonangol Libongos and Sonangol Quenguela. Seadrill earns a management fee for providing management, operational and technical support to Sonadrill. About Seadrill Seadrill is setting the standard in deepwater oil and gas drilling. With its modern fleet, experienced crews, and advanced technologies, Seadrill safely, efficiently, and responsibly unlocks oil and gas resources for national, integrated, and independent oil companies. For further information, visit www.seadrill.com. Forward-Looking Statements This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this news release, including, without limitation, those regarding the Company's plans, strategies, business prospects, financial performance, operations, and rig activity, including with respect to backlog and contract commencement dates and durations, and changes and trends in its business and the markets in which it operates, are forward-looking statements. These forward-looking statements can often, but not necessarily, be identified by the use of forward-looking terminology, including the terms "assumes", "projects", "forecasts", "estimates", "expects", "anticipates", "believes", "plans", "intends", "may", "might", "will", "would", "can", "could", "should" or, in each case, their negative, or other variations or comparable terminology. These statements are based on management's current plans, expectations, assumptions and beliefs concerning future events impacting the Company and therefore involve a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to: those described under Part I, Item 1A, "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, filed with the U.S. Securities and Exchange Commission (the "SEC") on February 27, 2025, offshore drilling market conditions, including supply and demand, dayrates, customer drilling programs and effects of new or reactivated rigs on the market, contract awards and rig mobilizations, contract backlog, dry-docking and other costs of maintenance, special periodic surveys and upgrades and regulatory work for the drilling units in the Company's fleet, the performance of the drilling units in the Company's fleet, delay in payment or disputes with customers, the Company's ability to successfully employ its drilling units, procure or have access to financing, ability to comply with loan covenants, fluctuations in the international price of oil, international financial market conditions, United States ("U.S.") trade policy and tariffs and worldwide reactions thereto, inflation, changes in governmental regulations that affect the Company or the operations of the Company's fleet, increased competition in the offshore drilling industry, the review of competition authorities, the impact of global economic conditions and global health threats, pandemics and epidemics, political and other uncertainties, including those related to the conflicts in Ukraine and the Middle East, and any related sanctions, fluctuations in interest rates or exchange rates and currency devaluations relating to foreign or U.S. monetary policy, tax matters, changes in tax laws, treaties and regulations, legal and regulatory matters in the jurisdictions in which we operate, customs and environmental matters, the potential impacts on our business resulting from decarbonization and emissions legislation and regulations, the impact on our business from climate-change generally, the occurrence of cybersecurity incidents, attacks or other breaches to our information technology systems, including our rig operating systems, and other important factors described from time to time in the reports filed or furnished by us with the SEC. The foregoing risks and uncertainties are beyond our ability to control, and in many cases, we cannot predict the risks and uncertainties that could cause our actual results to differ materially from those indicated by the forward-looking statements. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. All subsequent written and oral forward-looking statements attributable to us or to persons acting on our behalf are expressly qualified in their entirety by reference to these risks and uncertainties. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement. We expressly disclaim any obligations or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in our expectations or beliefs with regard to the statement or any change in events, conditions or circumstances on which any forward-looking statement is based, except as required by law. Investors should note that we announce material financial information in SEC filings, press releases and public conference calls. Based on guidance from the SEC, we may use the Investors section of our website (www.seadrill.com) to communicate with investors. It is possible that the financial and other information posted there could be deemed to be material information. The information on our website is not part of, and is not incorporated into, this news release. View source version on businesswire.com: https://www.businesswire.com/news/home/20250825031601/en/ back
Equinor ASA: Announcement of cash dividend of NOK 3.7740 per share for first quarter 2025
Equinor ASA: Announcement of cash dividend of NOK 3.7740 per share for first quarter 2025 Equinor ASA (OSE: EQNR, NYSE:EQNR) announced on 30 April 2025 a cash dividend per share of USD 0.37 for first quarter 2025. The NOK cash dividend per share is based on average USDNOK fixing rate from Norges Bank in the period plus/minus three business days from record date 19 August 2025, in total seven business days. Average Norges Bank fixing rate for this period was 10.1999. Total cash dividend for first quarter 2025 of is consequently NOK 3.7740 per share. On 29 August 2025, the cash dividend will be paid to relevant shareholders on Oslo Børs (Oslo Stock Exchange) and to holders of American Depositary Receipts ("ADRs") on New York Stock Exchange. This information is published in accordance with the requirements of the Continuing Obligations and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Delek Welcomes EPA Decision Granting Long-Awaited Small Refinery Exemptions
Delek Welcomes EPA Decision Granting Long-Awaited Small Refinery Exemptions BRENTWOOD, Tenn., Aug. 22 /BusinessWire/ -- Delek US Holdings, Inc. (NYSE:DK) welcomes the U.S. Environmental Protection Agency's (EPA) recent decision to grant more than half of our pending small refinery exemptions for the years 2019-2024. "These exemptions address an issue that has been pending for several years and will enable our company to ensure affordable energy prices and high-paying jobs in the heart of America," said Avigal Soreq, Chief Executive Officer. "We commend the Trump Administration and the EPA for clearing the backlog of petitions that have been pending for over six years. I am confident that this Administration will continue to support small refineries into the future," Mr. Soreq continued. Delek looks forward to continuing to work with the Administration, the EPA, and the Department of Energy to advance American energy dominance and economic progress. About Delek US Holdings, Inc. Delek US Holdings, Inc. is a diversified downstream energy company with assets in petroleum refining, logistics, pipelines, and renewable fuels. The refining assets consist primarily of refineries operated in Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined nameplate throughput capacity of 302,000 barrels per day. The logistics operations include Delek Logistics Partners, LP (NYSE:DKL). Delek Logistics Partners, LP is a growth-oriented master limited partnership focused on owning and operating midstream energy infrastructure assets. Delek US Holdings, Inc. and its subsidiaries owned approximately 63% (including the general partner interest) of Delek Logistics Partners, LP as of June 30, 2025. Information about Delek US Holdings, Inc. can be found on its website (www.delekus.com), investor relations webpage (ir.delekus.com), and news webpage (www.delekus.com/news). Safe Harbor Provisions Regarding Forward-Looking Statements This press release contains forward-looking statements that are based upon current expectations and involve a number of risks and uncertainties. Statements concerning estimates, expectations or projections about future dividends, results, performance, prospects, opportunities, plans, actions and events and other statements, concerns, or matters that are not historical facts are "forward-looking statements," within the meaning of federal securities laws. Forward-looking statements should not be read as a guarantee of future performance or results and may not be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time and/or management's good faith belief with respect to future events, and investors are cautioned that risks described in the Company's filings with the United States Securities and Exchange Commission, among others, could cause actual performance or results to differ materially from those expressed in the statements. There can be no assurance that actual results will not differ from those expected by management or described in forward-looking statements. The Company undertakes no obligation to update or revise any such forward-looking statements to reflect events or circumstances that occur or that the Company becomes aware of after the date hereof, except as required by applicable law or regulation. View source version on businesswire.com: https://www.businesswire.com/news/home/20250822277168/en/ back
New Fortress Energy Discloses Notice from Nasdaq
New Fortress Energy Discloses Notice from Nasdaq NEW YORK, Aug. 22 /BusinessWire/ -- New Fortress Energy Inc. (NASDAQ:NFE) ("NFE" or the "Company") today announced its receipt of an expected notice (the "Notice") from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq") stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Rule") because the Company has not yet filed its Form 10-Q for the period ended June 30, 2025 ("Form 10-Q") with the U.S. Securities and Exchange Commission (the "SEC"). The Rule requires listed companies to timely file all required periodic financial reports with the SEC. The Company is continuing to work diligently to finalize and file its Form 10-Q as soon as possible. The Notice states that the Company has 60 calendar days from the date of the Notice to submit a plan to regain compliance with the Rule and the Company expects to file the 10-Q well before the plan is due to Nasdaq. If Nasdaq accepts the Company's plan to regain compliance, Nasdaq may grant the Company up to 180 calendar days from the prescribed due date of the Form 10-Q, or until February 16, 2026, to file the Form 10-Q to regain compliance. The Notice has no immediate impact on the listing or trading of the Company's securities on the Nasdaq Stock Market. If the Company fails to timely regain compliance with Nasdaq's listing rules, the Company's Class A common stock will be subject to delisting from Nasdaq. About New Fortress Energy Inc. New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to address energy poverty and accelerate the world's transition to reliable, affordable, and clean energy. The Company owns and operates natural gas and liquefied natural gas (LNG) infrastructure and an integrated fleet of ships and logistics assets to rapidly deliver turnkey energy solutions to global markets. Collectively, the Company's assets and operations reinforce global energy security, enable economic growth, enhance environmental stewardship and transform local industries and communities around the world. Cautionary Statement Regarding Forward-Looking Statements This press release contains certain statements and information that may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than historical information are forward-looking statements that involve known and unknown risks and relate to future events, the Company's future financial performance or the Company's projected business results. You can identify these forward-looking statements by the use of forward-looking words such as "expects," "may," "will," "approximately," "predicts," "intends," "plans," "estimates," "anticipates," or the negative version of those words or other comparable words. It is uncertain whether any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what impact they will have on the results of operations and financial condition or the stock prices of the Company. These forward-looking statements represent the Company's expectations or beliefs concerning future events, and it is possible that the results described herein will not be achieved. These forward-looking statements are necessarily estimates based upon current information and are subject to risks, uncertainties and other factors, many of which are outside of the Company's control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, the Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for the Company to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the Company's annual report, quarterly and other reports filed with the SEC, which could cause its actual results to differ materially from those contained in any forward-looking statement. The Company undertakes no duty to update these forward-looking statements, even though its situation may change in the future. View source version on businesswire.com: https://www.businesswire.com/news/home/20250822204160/en/ back
MEG Energy Enters into Agreement to be Acquired by Cenovus
MEG Energy Enters into Agreement to be Acquired by Cenovus $27.25 per share Purchase Price, payable 75% in cash and 25% in Cenovus shares, represents a 33% premium to MEG's unaffected 20-day volume-weighted share price as of May 15, 2025Cash and highly liquid share consideration provides MEG Shareholders with near-term value certaintyUpside participation in an industry-leading producer with significant scale and growth potentialAccelerates and de-risks realization of value from MEG's standalone planUnanimously approved by MEG's Board of Directors which recommends MEG Shareholders vote FOR the Transaction at a special meeting expected to be held in early October 2025CALGARY, AB, Aug. 22, 2025 /CNW/ - MEG Energy Corp. (TSX: MEG) ("MEG", or the "Company") today announced that it has entered into an arrangement agreement (the "Arrangement Agreement") with Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) ("Cenovus") under which Cenovus will acquire all issued and outstanding common shares of MEG ("MEG Shares") in a transaction that values MEG at $27.25 per MEG Share (the "Purchase Price"). The proposed transaction (the "Transaction"), to be completed by way of a plan of arrangement under the Business Corporations Act (Alberta), represents a MEG enterprise value of $7.9 billion, inclusive of assumption of MEG's debt, and is expected to close early in the fourth quarter of 2025, subject to customary approvals. Under the terms of the Transaction, each holder of MEG Shares (a "MEG Shareholder") will have the option to elect to receive for each MEG Share (i) $27.25 in cash; or (ii) 1.325 Cenovus common shares (each whole share, a "Cenovus Share"), subject to pro-ration based on a maximum amount of cash and Cenovus Shares set out in the Arrangement Agreement. On a fully pro-rated basis, consideration per MEG Share represents approximately $20.44 in cash and 0.33125 of a Cenovus Share. The value of consideration payable under the Arrangement Agreement represents a mix of 75% cash and 25% Cenovus Shares. The Transaction is fully financed by Cenovus and is not subject to any financing conditions. "The Special Committee, with the support of its financial and legal advisors, conducted a comprehensive review of all available alternatives to maximize value," said James McFarland, Chairman of MEG's board of directors (the "MEG Board"). "After considering the Strathcona unsolicited offer, engaging with multiple parties on proposals, and assessing them against MEG's standalone plan, the Special Committee and the MEG Board unanimously concluded that the proposed transaction with Cenovus represents the best strategic alternative, with short- and long-term value creation potential through a premium purchase price, an amalgamation of adjacent top tier oil sands assets, and participation in significant associated synergies." Darlene Gates, President and CEO of MEG, added, "This strategic transaction with Cenovus accelerates and de-risks the value embedded in our compelling standalone plan. I am extremely proud of the MEG team, whose focus and execution around our world-class assets positioned us to deliver this positive outcome for shareholders. Through the process, it became clear that bringing together MEG and Cenovus's Christina Lake assets is a unique opportunity for synergy realization that will maximize the value of the resource for the benefit of its stakeholders." Strategic Review and Benefits of the Transaction for MEG Shareholders On June 16, 2025, MEG initiated a strategic review of alternatives (the "Process") which sought to surface an offer superior to the Company's compelling standalone plan. The Process was approved by the MEG Board which authorized a special committee comprised of independent members of the MEG Board (the "Special Committee") to oversee the Process. After evaluating several alternatives, including continuing with MEG's previously announced standalone development plan, a comprehensive review of the unsolicited offer ("Unsolicited Strathcona Offer") from Strathcona Resources Ltd. ("Strathcona"), and proposals received in the Process, the MEG Board has determined that the Transaction is in the best interests of MEG and its stakeholders. Highlights of the Transaction include, but are not limited to, the following: Significant Premium: The Purchase Price represents a 33% premium to MEG's unaffected 20-day volume-weighted average share price on May 15, 2025, the last trading day preceding the first public announcement of Strathcona's intention to acquire MEG. The Transaction is valued at approximately $7.9 billion, including the assumption of MEG's debt.Certainty of Consideration: The consideration mix offers a high degree of value certainty, with 75% in the form of cash and 25% in the form of highly liquid Cenovus Shares which will be freely tradeable immediately upon closing of the Transaction.Upside Participation with Significant Synergies: The Transaction provides MEG Shareholders continued ownership in Cenovus, an industry-leading producer with significant scale and growth potential, which expects to realize approximately $150 million of near-term annual synergies, growing to over $400 million per year in 2028 and beyond through corporate, commercial, operational and development synergies.Accelerates and De-Risks MEG's Standalone Value: The Transaction brings forward substantial value from MEG's standalone plan, including the expansion project at Christina Lake growing production capacity to 135,000 bpd (the "Facility Expansion Project"), which will continue to advance.Superior to the Unsolicited Strathcona Offer: The Unsolicited Strathcona offer involves consideration, per MEG Share, of $4.10 in cash and 0.62 of a Strathcona share. The share component of the Unsolicited Strathcona Offer represents approximately 85% of the total consideration and would expose MEG Shareholders to the overhang risk of significant selling from Waterous Energy Fund ("WEF") and its limited partners which will put downward pressure on the share price, significant governance risks introduced by a controlling shareholder in WEF that may not act in the interests of minority shareholders, and inferior assets. For additional detail, please refer to the Directors' Circular filed by the MEG Board on June 16, 2025 available at www.megenergy.com/offer-update and on SEDAR+ at www.sedarplus.ca.Recommendation of the MEG Board The MEG Board, informed in part by the recommendation of the Special Committee, and after considering advice from its external financial and legal advisors, has unanimously: (i) determined that the Arrangement is in the best interests of MEG; (ii) determined that the Arrangement is fair to the MEG Shareholders; (iii) approved the Arrangement Agreement and the transactions contemplated thereby; and (iv) resolved to recommend that the MEG Shareholders vote in favour of the Transaction at the Meeting (as defined below). All directors and executive officers of MEG have entered into voting support agreements pursuant to which they have agreed, among other things, to vote their MEG Shares in favour of and otherwise support the Transaction, subject to the provisions of such agreements. Additional Transaction Details MEG shareholders will vote on the Transaction at a special meeting (the "Meeting") expected to be held in early October 2025. The Transaction requires approval by at least 662/3% of the votes cast at the Meeting by MEG Shareholders represented in person or by proxy. Details of the Transaction and the required shareholder vote will be included in an information circular ("Circular") that MEG expects to mail to the MEG Shareholders and file on SEDAR+ (www.sedarplus.com) in mid-September 2025. All MEG Shareholders are urged to read the Circular once available as it will contain additional important information concerning the Transaction including the deadline for making elections to receive cash and/or Cenovus Shares. The Transaction is subject to a number of other conditions including certain required regulatory and government approvals, as further detailed in the Arrangement Agreement, a copy of which will be filed on SEDAR+ (www.sedarplus.ca). Fairness Opinions BMO Capital Markets is acting as financial advisor to MEG and has provided a verbal opinion to the MEG Board that, as of the date of such opinion and based upon and subject to the assumptions, limitations and qualifications set forth therein, the consideration to be received by MEG Shareholders pursuant to the Transaction is fair, from a financial point of view, to MEG Shareholders. RBC Capital Markets is acting as financial advisor to the Special Committee and has provided a verbal opinion to the Special Committee that, as of the date of such opinion and based upon and subject to the assumptions, limitations and qualifications set forth therein, the consideration to be received by MEG Shareholders pursuant to the Transaction is fair, from a financial point of view, to MEG Shareholders. Reminder to MEG Shareholders to REJECT the Unsolicited Strathcona Offer The MEG Board and the Special Committee continue to reiterate that the Unsolicited Strathcona Offer is not in the best interests of the Company or the MEG Shareholders, and unanimously recommends that the MEG Shareholders REJECT the Unsolicited Strathcona Offer by taking no action and NOT TENDER their MEG Shares. If you have already tendered your MEG Shares to the Unsolicited Strathcona Offer, you can withdraw your MEG Shares by contacting your broker or Sodali & Co., by toll free phone call in North America to 1-888-999-2785, or to 1-289-695-3075 for banks, brokers, and callers outside North America or by email at assistance@investor.sodali.com. Advisors BMO Capital Markets and Burnet, Duckworth & Palmer LLP are acting as financial advisor and legal counsel, respectively, to the Company. RBC Capital Markets and Norton Rose Fulbright Canada LLP are acting as financial advisor and legal counsel, respectively, to the Special Committee. Forward-Looking Information Certain statements contained in this news release may constitute forward-looking statements within the meaning of applicable Canadian securities laws. These statements relate to future events or MEG's future performance. All statements other than statements of historical fact may be forward-looking statements. The use of any of the words "estimate", "will", "would", "believe", "plan", "expected", "potential", and similar expressions are intended to identify forward-looking statements. Forward-looking statements are often, but not always, identified by such words. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. In particular, and without limiting the foregoing, this news release contains forward looking statements with respect to: the expected closing date and the anticipated benefits of the Transaction to MEG's and Cenovus's respective securityholders and stakeholders; the Purchase Price per MEG Share to be received pursuant to the Transaction; Cenovus's ability to finance the Transaction; the anticipated synergies associated with the Transaction, including that the Transaction will maximize the value of the Christina Lake resource; the expectations that the Transaction will bring forward substantial value from MEG's standalone plan and the anticipated production volumes associated with the Facility Expansion Project; that the Cenovus Shares will be freely tradeable immediately upon closing of the Transaction; the anticipated risks and results of accepting the Unsolicited Strathcona Offer, including expectations that WEF will not act in the interests of minority shareholders and that there is a risk that WEF may sell shares to provide itself with liquidity and the results therefrom; the expected timing of the mailing and the contents of the Circular and the timing of the Meeting; the anticipated benefits and results of the Transaction; and other similar statements. Forward-looking information contained in this news release is based on management's expectations and assumptions regarding, among other things: the satisfaction of the conditions the Transaction is subject to; the approval of the Transaction at the Meeting; MEG's standalone plan; that a significant number of MEG Shares are not tendered to the Unsolicited Strathcona Offer; Strathcona's intentions if the Transaction is approved; WEF's intentions if the Unsolicited Strathcona Offer is accepted; Cenovus's ability to finance the Transaction; regulatory and government approvals for the Transaction; future crude oil, bitumen blend, natural gas, electricity, condensate and other diluent prices; that tariffs currently in effect will remain the same; MEG's ability to obtain qualified staff and equipment in a timely and cost-efficient manner; foreign exchange rates and interest rates; the applicability of technologies for the recovery and production of MEG's reserves and contingent resources; the recoverability of MEG's reserves and contingent resources; MEG's ability to produce and market production of bitumen blend successfully to customers; MEG's ability to maintain its dividend and capital programs; MEG's future production levels and steam-to-oil ratios; future capital and other expenditures; MEG's operating costs; anticipated sources of funding for operations and capital investments; the regulatory framework governing royalties, land use, taxes and environmental matters, including federal and provincial climate change policies, in which MEG conducts and will conduct its business; MEG's future debt levels; geological and engineering estimates in respect of MEG's reserves and contingent resources; the geography of the areas in which MEG is conducting exploration and development activities; the impact of increasing competition on MEG; MEG's ability to obtain financing on acceptable terms; and business prospects and opportunities. By its nature, such forward-looking information involves significant known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated. Factors that could cause actual results to vary from forward-looking information or may affect the operations, performance, development and results of MEG's businesses include: the risk that the Transaction may be varied, accelerated or terminated in certain circumstances; risks relating to the outcome of the Transaction, including the risks associated with approval at the Meeting; the risk that the conditions to the Transaction may not be satisfied, or to the extent permitted, waived, including the risk that required regulatory approvals may not be received in a timely manner or at all; risks related to the outcome of the Unsolicited Strathcona Offer, including the risks associated with WEF's ownership; the risk that operating results will differ from what is currently anticipated; MEG's status and stage of development; the concentration of MEG's production in a single project; the majority of MEG's total reserves and contingent resources are non-producing and/or undeveloped; the uncertainty of reserve and resource estimates; long-term reliance on third parties; the effect or outcome of litigation; the effect of any diluent supply constraints and increases in the cost thereof; the potential delays of and costs of overruns on projects and future expansions of MEG's assets; operational hazards; competition for, among other things, capital, the acquisition of reserves and resources, pipeline capacity and skilled personnel; risks inherent in the bitumen recovery process; changes to royalty regimes; the failure of MEG to meet specific requirements in respect of its oil sands leases; claims made by Indigenous peoples; unforeseen title defects and changes to the mineral tenure framework; risks arising from future acquisition activities; sufficiency of funds; fluctuations in market prices for crude oil, natural gas, electricity and bitumen blend; future sources of insurance for MEG's property and operations; public health crises, similar to the COVID-19 pandemic, including weakness and volatility of crude oil and other petroleum products prices from decreased global demand resulting from public health crises; risk of war (including the conflicts between Russia and Ukraine and Israel, Hamas and Iran); general economic, market and business conditions; volatility of commodity inputs; variations in foreign exchange rates and interest rates; hedging strategies; national or global financial crisis; environmental risks and hazards, including natural hazards such as regional wildfires, and the cost of compliance with environmental legislation and regulations, including greenhouse gas regulations, potential climate change legislation and potential land use regulations; enacted and proposed export and import restrictions, including but not limited to tariffs, export taxes or curtailment on exports; failure to accurately estimate abandonment and reclamation costs; the need to obtain regulatory approvals and maintain compliance with regulatory requirements; the extent of, and cost of compliance with, laws and regulations and the effect of changes in such laws and regulations from time to time including changes which could restrict MEG's ability to access foreign capital; failure to obtain or retain key personnel; potential conflicts of interest; changes to tax laws (including without limitation, a potential United States border adjustment tax) and government incentive programs; the potential for management estimates and assumptions to be inaccurate; risks associated with establishing and maintaining systems of internal controls; risks associated with the tariffs imposed on the import and export of commodities and the possibility that such tariffs may change; political risks and terrorist attacks; risks associated with downgrades in the credit ratings for MEG's securities; cybersecurity errors, omissions or failures; restrictions contained in MEG's credit facilities, other agreements relating to indebtedness and any future indebtedness; any requirement to incur additional indebtedness; MEG defaulting on its obligations under its indebtedness; and the inability of MEG to generate cash to service its indebtedness. Although MEG believes that the assumptions used in such forward-looking statements and information are reasonable, there can be no assurance that such assumptions will be correct. Accordingly, readers are cautioned that the actual results achieved may vary from the forward-looking information provided herein and that the variations may be material. Readers are also cautioned that the foregoing list of assumptions, risks and factors is not exhaustive. Further information regarding the assumptions and risks inherent in the making of forward-looking statements and in respect of the Transaction will be found under the heading "Cautionary Statement on Forward-Looking Statements" in the Circular, along with MEG's other public disclosure documents which are available through the Company's website at http://www.megenergy.com/investors and through the SEDAR+ website at www.sedarplus.ca. The forward-looking information included in this news release is expressly qualified in its entirety by the foregoing cautionary statements. Unless otherwise stated, the forward-looking information included in this news release is made as of the date of this news release and MEG assumes no obligation to update or revise any forward-looking information to reflect new events or circumstances, except as required by law. For further information: Shareholder Questions: MEG Investor Relations, 403.767.0515, invest@megenergy.com Unsolicited Strathcona Offer Tendering Questions: Sodali & Co., 1.888.999.2785 or 1.289.695.3075 for banks, brokers, and callers outside North America, assistance@investor.sodali.com Media Questions: MEG Media Relations, 403.775.1131, media@megenergy.com SOURCE MEG Energy Corp. View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2025/22/c1495.html
Woodside Energy's Scarborough Offshore Facility and Trunkline (Operations) Environment Plan
Woodside Energy's Scarborough Offshore Facility and Trunkline (Operations) Environment Plan PERTH, Australia, Aug. 22 /BusinessWire/ -- Woodside welcomes the Federal Court's decision confirming the validity of the National Offshore Petroleum Safety and Environmental Management Authority's acceptance of the Scarborough Offshore Facility and Trunkline (Operations) Environment Plan (Scarborough Operations EP). The Scarborough Operations EP was the final Commonwealth environmental approval required for Woodside to connect, commission and operate the Scarborough floating production unit. Woodside CEO Meg O'Neill acknowledged the decision and highlighted the project's progress and impact. "This outcome reinforces confidence in progressing the Scarborough Energy Project, which is generating thousands of jobs during the construction phase and creating significant supply chain opportunities. The project is expected to contribute more than A$50 billion in direct and indirect taxes to Australia's economy. "Scarborough is expected to be one of the lowest carbon intensity sources of LNG delivered into north Asian markets, providing reliable energy to the region while also supporting local energy security through critical domestic gas supply." About the Scarborough Energy Project The Scarborough Energy Project comprises the Scarborough gas field, construction of Pluto Train 2, modifications to the existing Pluto Train 1 and the Integrated Remote Operations Centre. It is set to produce up to 8 million tonnes of LNG per year and contribute up to 225 terajoules per day of domestic gas supply into the Western Australian market. The Scarborough Energy Project was 86% complete as at 30 June 2025 (excluding Pluto Train 1 modifications) and is targeting first LNG cargo in the second half of 2026. View source version on businesswire.com: https://www.businesswire.com/news/home/20250821271693/en/ back
Sempra and ConocoPhillips Extend Partnership with Offtake Agreement for Port Arthur LNG Phase 2
Sempra and ConocoPhillips Extend Partnership with Offtake Agreement for Port Arthur LNG Phase 2 SAN DIEGO, Aug. 21, 2025 /PRNewswire/ -- Sempra (NYSE: SRE) today announced that its subsidiary, Sempra Infrastructure, and ConocoPhillips (NYSE: COP) have signed a definitive 20-year sale and purchase agreement (SPA) for 4 million tonnes per annum (Mtpa) of LNG offtake from the Port Arthur LNG Phase 2 development project in Jefferson County, Texas. "The role of U.S. LNG in meeting the energy security needs of America's allies continues to grow," said Jeffrey W. Martin, chairman and CEO of Sempra. "That is why we are excited to extend our partnership with ConocoPhillips to expand the Port Arthur LNG facility. This next phase reflects both companies' shared view of the opportunity to connect American producers of natural gas with growing markets overseas, while also driving economic growth and job creation here at home." "ConocoPhillips is pleased to extend our partnership with Sempra Infrastructure to Port Arthur LNG Phase 2, where we will be a major offtaker," said Ryan Lance, chairman and chief executive officer of ConocoPhillips. "This SPA advances our global LNG portfolio strategy as we build a flexible and reliable LNG supply network to meet growing energy demand." Sempra Infrastructure and ConocoPhillips initiated their strategic alliance with the Port Arthur LNG Phase 1 project, where ConocoPhillips holds a 30% equity stake and has secured 5 Mtpa in offtake capacity for 20 years. Port Arthur LNG Phase 1, currently under construction, consists of two LNG storage tanks and liquefaction trains 1 and 2, which are expected to achieve commercial operations in 2027 and 2028, respectively. Similarly, the Port Arthur LNG Phase 2 development project is expected to include two liquefaction trains capable of producing approximately 13 Mtpa of LNG, increasing the total liquefaction capacity of the Port Arthur LNG facility from approximately 13 Mtpa for Phase 1 to up to approximately 26 Mtpa. Future phases of Port Arthur LNG are also in the early development stage. The Port Arthur LNG Phase 2 development project is strategically positioned and continues to attract strong interest. In July 2025, Sempra Infrastructure entered into a definitive 20-year SPA with JERA Co. Inc. for 1.5 Mtpa of LNG offtake on a free-on-board basis from the proposed project, subject to making a positive final investment decision and customary closing conditions. There has also been notable progress in permitting. In September 2023, the Federal Energy Regulatory Commission granted project approval, followed by an export authorization from the U.S. Department of Energy in May 2025, allowing LNG exports to countries without a free-trade agreement with the United States. All major permits for the Phase 2 development project have been secured. Further advancing the project, Sempra Infrastructure previously announced that Bechtel had been selected to deliver the engineering, procurement and construction of the Port Arthur LNG Phase 2 facility. The development of the Port Arthur LNG Phase 2 project remains subject to various risks and uncertainties, including completing the required commercial agreements, securing and/or maintaining all necessary permits, obtaining financing and reaching a final investment decision, among other factors. With momentum in the project's development, Sempra continues to target making a financial investment decision on Phase 2 in 2025. Finally, today's announcement is another example of Sempra's execution and steady progress on its five value creation initiatives for 2025, reflecting another important step in continuing to unlock value in the LNG franchise. These efforts position Sempra to drive future growth and deliver long-term value to shareholders and enhanced benefits to consumers. About SempraSempra is a leading North American energy infrastructure company focused on delivering energy to nearly 40 million consumers. As owner of one of the largest energy networks on the continent, Sempra is electrifying and improving the energy resilience of some of the world's most significant economic markets, including California, Texas, Mexico and global energy markets. The company is recognized as a leader in sustainable business practices and for its high-performance culture focused on safety and operational excellence, as demonstrated by Sempra's inclusion in the Dow Jones Sustainability Index North America. More information about Sempra is available at sempra.com and on social media @Sempra. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise. In this press release, forward-looking statements can be identified by words such as "believe," "expect," "intend," "anticipate," "contemplate," "plan," "estimate," "project," "forecast," "envision," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "preliminary," "initiative," "target," "outlook," "optimistic," "poised," "positioned," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategies, goals, vision, mission, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include: California wildfires, including potential liability for damages regardless of fault and any inability to recover all or a substantial portion of costs from insurance, the wildfire fund established by California Assembly Bill 1054, rates from customers or a combination thereof; decisions, denials of cost recovery, audits, investigations, inquiries, ordered studies, regulations, denials or revocations of permits, consents, approvals or other authorizations, renewals of franchises, and other actions, including the failure to honor contracts and commitments, by the (i) California Public Utilities Commission (CPUC), Comisión Nacional de Energía, U.S. Department of Energy, U.S. Federal Energy Regulatory Commission, U.S. Internal Revenue Service, Public Utility Commission of Texas and other regulatory bodies and (ii) U.S., Mexico and states, counties, cities and other jurisdictions therein and in other countries where we do business; the success of business development efforts, construction projects, acquisitions, divestitures, and other significant transactions, including risks related to (i) being able to make a final investment decision, (ii) negotiating pricing and other terms in definitive contracts, (iii) completing construction projects or other transactions on schedule and budget, (iv) realizing anticipated benefits from any of these efforts if completed, (v) obtaining regulatory and other approvals and (vi) third parties honoring their contracts and commitments; changes to our capital expenditure plans and their potential impact on rate base or other growth; changes, due to evolving economic, political and other factors, to (i) trade and other foreign policy, including the imposition of tariffs by the U.S. and foreign countries, and (ii) laws and regulations, including those related to tax and the energy industry in the U.S. and Mexico; litigation, arbitration, property disputes and other proceedings; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third parties with which we conduct business, including the energy grid or other energy infrastructure; the availability, uses, sufficiency, and cost of capital resources and our ability to borrow money or otherwise raise capital on favorable terms and meet our obligations, which can be affected by, among other things, (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook, (ii) instability in the capital markets, and (iii) fluctuating interest rates and inflation; the impact on affordability of San Diego Gas & Electric Company's (SDG&E) and Southern California Gas Company's (SoCalGas) customer rates and their cost of capital and on SDG&E's, SoCalGas' and Sempra Infrastructure's ability to pass through higher costs to customers due to (i) volatility in inflation, interest rates and commodity prices and the imposition of tariffs, (ii) with respect to SDG&E's and SoCalGas' businesses, the cost of meeting the demand for lower carbon and reliable energy in California, and (iii) with respect to Sempra Infrastructure's business, volatility in foreign currency exchange rates; the impact of climate policies, laws, rules, regulations, trends and required disclosures, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies, the risk of nonrecovery for stranded assets, and uncertainty related to emerging technologies; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events, such as work stoppages, that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms or insurance or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power, natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid or pipeline and storage systems or limitations on the injection and withdrawal of natural gas from storage facilities; Oncor Electric Delivery Company LLC's (Oncor) ability to reduce or eliminate its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; and other uncertainties, some of which are difficult to predict and beyond our control. These risks and uncertainties are further discussed in the reports that Sempra has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or SoCalGas, nor are they regulated by the CPUC. View original content to download multimedia:https://www.prnewswire.com/news-releases/sempra-and-conocophillips-extend-partnership-with-offtake-agreement-for-port-arthur-lng-phase-2-302535157.html SOURCE Sempra