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SM ENERGY ANNOUNCES OFFICER RETIREMENT AND NEW APPOINTMENT
SM ENERGY ANNOUNCES OFFICER RETIREMENT AND NEW APPOINTMENT DENVER, Dec. 30, 2022 /PRNewswire/ -- SM Energy Company (the "Company") (NYSE: SM) today announced the retirement of Executive Vice President and General Counsel David Copeland. Chief Executive Officer Herb Vogel comments: "David has been with our Company for 12 years and has served as a consummate legal advisor while providing dedicated leadership. We will miss David and wish him well as he is able to spend more time with his wife, children and grandchildren." The retirement of Mr. Copeland from his current position will be effective December 31, 2022 and he will remain with the Company in an advisory role until July 1, 2023. The Company also announces that James Lebeck will take the position of Senior Vice President and General Counsel. Since 2018, Mr. Lebeck has served as Vice President and Chief Legal Officer at Encino Energy. Prior to that, from 2011 until 2018, Mr. Lebeck served in roles of increasing responsibility at SM Energy, ultimately serving as Deputy General Counsel prior to his departure. Mr. Lebeck is expected to start his new role on or before January 30, 2023. Mr. Vogel adds: "Congratulations to James. We know James well and believe he will easily step into this role given about eight years of prior experience at SM Energy. We welcome him and look forward to working together again." ABOUT THE COMPANYSM Energy Company is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil, natural gas, and NGLs in the state of Texas. SM Energy routinely posts important information about the Company on its website. For more information about SM Energy, please visit its website at www.sm-energy.com. SM ENERGY INVESTOR CONTACTS Jennifer Martin Samuels, jsamuels@sm-energy.com, 303-864-2507 View original content to download multimedia:https://www.prnewswire.com/news-releases/sm-energy-announces-officer-retirement-and-new-appointment-301711548.html SOURCE SM Energy Company
Helmerich & Payne, Inc. To Participate in Conferences in January 2023
Helmerich & Payne, Inc. To Participate in Conferences in January 2023 TULSA, Okla., Dec. 30 /BusinessWire/ -- Helmerich & Payne, Inc. (NYSE:HP) today announced that John Lindsay, President and Chief Executive Officer; Mark Smith, Senior Vice President and Chief Financial Officer; Mike Lennox, Senior Vice President of U.S. Land Operations; and Dave Wilson, Vice President of Investor Relations plan to participate in the following investor conferences during the month of January 2023. Participation by the management team will vary by event. The Goldman Sachs Global Energy and Clean Technology Conference 2023 on Thursday and Friday, January 5-6, 2023; Mr. Smith will participate in a special forum on behalf of the Company on Wednesday, January 4, 2023 at 4:00 p.m. U.S. ET and Mr. Lindsay will participate in a panel discussion on behalf of the Company on Thursday, January 5, 2023 at 10:20 a.m. U.S. ET. The ATB 11th Annual Institutional Investor Conference on Wednesday, January 11, 2023; Mr. Smith will participate in a panel discussion on behalf of the Company on Wednesday, January 11, 2023 at 8:00 a.m. U.S. ET. Investor slides to be used during the conferences will be available for download on the company's website, within Investors, under Presentations, the afternoon of January 4, 2023. About Helmerich & Payne, Inc. Founded in 1920, Helmerich & Payne, Inc. is committed to delivering industry leading drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for our customers and returns for shareholders. Through its subsidiaries, the Company designs, fabricates and operates high-performance drilling rigs in conventional and unconventional plays around the world. H&P also develops and implements advanced automation, directional drilling and survey management technologies. For more information, visit www.helmerichpayne.com. Helmerich & Payne uses its website as a channel of distribution for material company information. Such information is routinely posted and accessible on its Investor Relations website at www.helmerichpayne.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20221230005188/en/ back
Dynagas LNG Partners LP Announces Inaugural Environmental, Social and Governance (ESG) Report
Dynagas LNG Partners LP Announces Inaugural Environmental, Social and Governance (ESG) Report ATHENS, Greece, Dec. 30, 2022 (GLOBE NEWSWIRE) -- Dynagas LNG Partners LP (NYSE: "DLNG") ("Dynagas Partners" or the "Partnership"), an owner and operator of liquefied natural gas ("LNG") carriers is pleased to announce the release of its inaugural 2021 Environmental, Social, and Governance (âESG') Report, highlighting its ESG priorities, goals, and performance. Tony Lauritzen, Chief Executive Officer of Dynagas LNG Partners LP, commented: "Consistent with our commitment to our stakeholders, the publication of our ESG report and initiatives included provides insight into our sustainably driven operations and how we plan to build on that momentum moving forward." To download a copy of the report, please visit the sustainability section of the Company's website: http://www.dynagaspartners.com/?page=comp_sust About Dynagas LNG Partners LP Dynagas LNG Partners LP. (NYSE: DLNG) is a master limited partnership which owns and operates liquefied natural gas (LNG) carriers employed on multi-year charters. The Partnership's current fleet consists of six LNG carriers, with aggregate carrying capacity of approximately 914,000 cubic meters. Visit the Partnership's website at www.dynagaspartners.com Contact Information: Dynagas LNG Partners LP Attention: Michael Gregos Tel. +30 210 8917960 Email: management@dynagaspartners.com Investor Relations / Financial Media: Nicolas Bornozis Markella Kara Capital Link, Inc. 230 Park Avenue, Suite 1540 New York, NY 10169Tel. (212) 661-7566 E-mail: dynagas@capitallink.com Forward-Looking Statements Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Partnership desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words "believe," "anticipate," "intends," "estimate," "forecast," "project," "plan," "potential," "may," "should," "expect," "expected," "pending" and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, examination by the Partnership's management of historical operating trends, data contained in its records and other data available from third parties. Although the Partnership believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the Partnership's control, the Partnership cannot assure you that it will achieve or accomplish these expectations, beliefs or projections. In addition to these important factors, other important factors that, in the Partnership's view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for Liquefied Natural Gas (LNG) shipping capacity, changes in the Partnership's operating expenses, including bunker prices, drydocking and insurance costs, the market for the Partnership's vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessel breakdowns and instances of off-hires and other factors. Please see our filings with the U.S. Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The information set forth herein speaks only as of the date hereof, and the Partnership disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.
Ranger Oil Publishes Inaugural ESG Report
Ranger Oil Publishes Inaugural ESG Report HOUSTON, TX / ACCESSWIRE / December 29, 2022 / Ranger Oil Corporation ("Ranger" or the "Company") (NASDAQ:ROCC) today published its inaugural Environmental, Social and Governance ("ESG") Report, which provides key information on the Company's ESG practices and initiatives. The report is available on the "Sustainability" page of the Company's website at www.RangerOil.com."Ranger's Board of Directors and management share a commitment to sustainability and minimizing the environmental impact of our operations while creating long-term value for our shareholders," said Darrin Henke, President and CEO. "From the office to the field, Ranger employees understand our ESG-related priorities and we work to foster an environment of diversity and inclusion where innovative ideas surface and performance is rewarded. Today's report demonstrates our commitment to providing greater transparency and clearly communicating our ESG-related priorities to our shareholders and other stakeholders. In addition, it provides a benchmark to help us track our progress."About Ranger Oil CorporationRanger Oil is a pure-play independent oil and gas company engaged in the development and production of oil, NGLs and natural gas, with operations in the Eagle Ford shale in South Texas. For more information, please visit our website at www.rangeroil.com.Forward-Looking StatementsThis release and the Company's ESG Report cross-referenced herein contain "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. These forward-looking statements reflect management's expectations or beliefs concerning future events, and it is possible that the results described in this release and the cross-referenced report will not be achieved. These forward-looking statements are based on current expectations and assumptions and are subject to a number of risks and uncertainties, many of which are beyond our control. The forward-looking statements, other than statements of historical fact, included in this release and the disclosures cross-referenced herein concern the Company's goals and expectations regarding corporate responsibility, sustainability, employees, environmental matters, policy, philanthropy, cybersecurity and business risks and opportunities. These risks, uncertainties and contingencies include, among other things, our ability to achieve plans relating to sustainability or other ESG initiatives. These goals and expectations are subject to the risks and uncertainties described in detail in the Company's periodic reports filed with the U.S. Securities and Exchange Commission, including in its Annual Report on Form 10-K for the year ended December 31, 2021, and subsequent quarterly reports on Form 10-Q. All forward-looking statements speak only as of the date of this release. You should not place undue reliance on these forward-looking statements.ContactInvestor RelationsPhone: (713) 722-6540E-Mail: invest@RangerOil.comSOURCE: Ranger Oil CorporationView source version on accesswire.com: https://www.accesswire.com/733606/Ranger-Oil-Publishes-Inaugural-ESG-Report
Murphy Oil Corporation Schedules Fourth Quarter 2022 Earnings Release and Conference Call
Murphy Oil Corporation Schedules Fourth Quarter 2022 Earnings Release and Conference Call HOUSTON, Dec. 29 /BusinessWire/ -- Murphy Oil Corporation (NYSE:MUR) will host a conference call and webcast beginning at 9:00 a.m. Eastern Standard Time (EST) on Thursday, January 26, 2023 to discuss fourth quarter 2022 earnings. The company plans to release its financial and operating results before the market opens that morning. A webcast link and related presentation material will be included on the Investors page of the company's website at http://ir.murphyoilcorp.com. Date: Thursday, January 26, 2023 Time: 9:00 a.m. EST Toll Free Dial-in: 888-886-7786 Conference ID: 99312590 ABOUT MURPHY OIL CORPORATION As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in providing energy that empowers people by doing right always, staying with it and thinking beyond possible. Murphy challenges the norm, taps into its strong legacy and uses its foresight and financial discipline to deliver inspired energy solutions. Murphy sees a future where it is an industry leader who is positively impacting lives for the next 100 years and beyond. Additional information can be found on the company's website at www.murphyoilcorp.com. FORWARD-LOOKING STATEMENTS This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified through the inclusion of words such as "aim", "anticipate", "believe", "drive", "estimate", "expect", "expressed confidence", "forecast", "future", "goal", "guidance", "intend", "may", "objective", "outlook", "plan", "position", "potential", "project", "seek", "should", "strategy", "target", "will" or variations of such words and other similar expressions. These statements, which express management's current views concerning future events, results and plans, are subject to inherent risks, uncertainties and assumptions (many of which are beyond our control) and are not guarantees of performance. In particular, statements, express or implied, concerning the company's future operating results or activities and returns or the company's ability and decisions to replace or increase reserves, increase production, generate returns and rates of return, replace or increase drilling locations, reduce or otherwise control operating costs and expenditures, generate cash flows, pay down or refinance indebtedness, achieve, reach or otherwise meet initiatives, plans, goals, ambitions or targets with respect to emissions, safety matters or other ESG (environmental/social/governance) matters, or pay and/or increase dividends or make share repurchases and other capital allocation decisions are forward-looking statements. Factors that could cause one or more of these future events, results or plans not to occur as implied by any forward-looking statement, which consequently could cause actual results or activities to differ materially from the expectations expressed or implied by such forward-looking statements, include, but are not limited to: macro conditions in the oil and gas industry, including supply/demand levels, actions taken by major oil exporters and the resulting impacts on commodity prices; increased volatility or deterioration in the success rate of our exploration programs or in our ability to maintain production rates and replace reserves; reduced customer demand for our products due to environmental, regulatory, technological or other reasons; adverse foreign exchange movements; political and regulatory instability in the markets where we do business; the impact on our operations or market of health pandemics such as COVID-19 and related government responses; other natural hazards impacting our operations or markets; any other deterioration in our business, markets or prospects; any failure to obtain necessary regulatory approvals; any inability to service or refinance our outstanding debt or to access debt markets at acceptable prices; or adverse developments in the U.S. or global capital markets, credit markets or economies in general. For further discussion of factors that could cause one or more of these future events or results not to occur as implied by any forward-looking statement, see "Risk Factors" in our most recent Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission ("SEC") and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K that we file, available from the SEC's website and from Murphy Oil Corporation's website at http://ir.murphyoilcorp.com. Murphy Oil Corporation undertakes no duty to publicly update or revise any forward-looking statements. View source version on businesswire.com: https://www.businesswire.com/news/home/20221228005426/en/ back
Calumet Provides 2022 Year End Operational Update
Calumet Provides 2022 Year End Operational Update Renewable Diesel operating successfullySequential commissioning of renewable hydrogen, Sustainable Aviation Fuel ("SAF"), and feedstock pre-treater to occur in 1Q2023 2024 max SAF expansion engineering and procurement has begunCompany-wide operations recovering from arctic freeze; affected plants have restarted or are in startupINDIANAPOLIS, Dec. 29, 2022 /PRNewswire/ -- Calumet Specialty Products Partners, L.P (NASDAQ: CLMT, "Calumet", "Partnership", "we" or "our") today provided a year-end operational update, including a project and business update at Montana Renewables and company-wide impact from the December arctic blast. Montana Renewables and Montana Refining: Separation of Montana Renewables and the Great Falls Specialty Asphalt refinery was completed during the fourth quarter with both businesses operating in their new services. The 12,000 bpd specialty asphalt refinery is presently running at nameplate capacity on Canadian heavy crude. Montana Renewables commissioned its modified hydrocracker in renewable diesel service on November 5, then retrofitted additional winterization capability during the month of November. We generated a full month of on-spec Renewable Diesel production in December and commenced rail shipments late in the month after establishing product inventories. Catalyst performance has been consistent and met the expected performance envelope provided by Haldor Topsoe. The current 6,000 bpd capacity will increase to 12,000 bpd with the sequential commissioning of renewable hydrogen, SAF, and feedstock pre-treater which are expected online in that order in 1Q2023. Preliminary engineering and procurement is beginning for the expected 2024 expansion including an option to maximize SAF yield to 85%. Montana Renewables recently acquired the second reactor needed for its MAX SAF option, and while the company has not made a final installation decision, great interest from the existing Lazard process warranted the opportunistic reactor purchase. This opportunity further cements our first mover position in the rapidly evolving SAF market. "Our strategy to retain a downsized crude oil refinery while carving out Montana Renewables meant a higher degree of difficulty compared to simply converting a closed refinery", said Bruce Fleming, EVP Montana Renewables and Corporate Development. "Delivering an aggressive timeline, navigating two winter construction seasons, minimizing 2022 downtime for turnaround and carveout, building safely on an operating site, and moving quickly through commissioning all demonstrate the high capabilities of the Great Falls workforce. While not without setbacks, we are proud of the journey. Going forward, the full economic contribution of the specialty asphalt refinery will follow normal seasonal patterns, and Montana Renewables will reach steady state earnings after the first quarter commissioning sequence is complete." Specialties Business: Calumet's specialty business has performed exceptionally well in 2022, including throughput and profitability records across the system and at most individual plants. This performance was supported by exceptional execution of key turnarounds in Shreveport and Princeton and capital investments targeting reliability and deeper integration between assets, widening a key competitive advantage of this business. Last week, Calumet's production was impacted with nearly all units being either circulated or shutdown during the extreme weather event. The Shreveport plant was hampered by a city-wide water crisis resulting in a lack of water systems necessary to restart the plant. Since then, city water has been restored, and we are currently in startup. All other plants are back up in production. Demand in the specialty business continues to be healthy considering routine seasonal volume patterns. We see typical soft winter asphalt margins and continue to experience strong specialty product margins as we enter 2023. "I'm extremely proud of our operating teams across the Calumet system," said Todd Borgmann, CEO. "The recent arctic weather has challenged the industry, and Calumet is no different. While most families across our country were able to enjoy time off over the past couple weeks, many Calumet employees spent their holiday at our plants in extreme conditions ensuring that our business could be restored safely and quickly in order to meet customer needs with minimal disruption. I am continually grateful and impressed by the resolve of Calumet's employees." About the Partnership Calumet manufactures, formulates, and markets a diversified slate of specialty products to customers in a broad range of consumer-facing and industrial markets. Calumet is headquartered in Indianapolis, Indiana and operates twelve facilities throughout North America. Cautionary Statement Regarding Forward-Looking Statements Certain statements and information in this press release may constitute "forward-looking statements." The words "expect," "continue," "should," or other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting us will be those that we anticipate. For additional information regarding factors that could cause our actual results to differ from our projected results, please see our filings with the Securities and Exchange Commission ("SEC"), including the risk factors and other cautionary statements in our latest Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and other filings with the SEC. View original content:https://www.prnewswire.com/news-releases/calumet-provides-2022-year-end-operational-update-301711006.html SOURCE Calumet Specialty Products Partners, L.P.
Oceaneering to Participate at the 2023 Goldman Sachs Global Energy and Clean Technology Conference
Oceaneering to Participate at the 2023 Goldman Sachs Global Energy and Clean Technology Conference HOUSTON, Dec. 29 /BusinessWire/ -- Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced today that Senior Vice President and Chief Financial Officer Alan R. Curtis and Vice President, Corporate Development and Investor Relations, Mark Peterson, will meet with institutional investors at the Goldman Sachs Global Energy and Clean Technology Conference on Thursday, January 5, 2023. The latest Investor Relations presentation is available on the Investor Relations page of Oceaneering's website at www.oceaneering.com. Oceaneering is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries. For more information on Oceaneering, please visit www.oceaneering.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20221229005002/en/ back
Forum Energy Technologies Announces Mandatory Conversion of 9.00% Convertible Senior Secured Notes
Forum Energy Technologies Announces Mandatory Conversion of 9.00% Convertible Senior Secured Notes Approximately $123 million, or 48%, of 9.00% Convertible Senior Secured Notes due August 2025 to convert into approximately 4.5 million shares of FET common stockOver $11 million reduction in annualized interest payments HOUSTON, Dec. 29 /BusinessWire/ -- Forum Energy Technologies, Inc. (NYSE:FET) today announced the satisfaction of the mandatory conversion requirements under its 9.00% Convertible Senior Secured Notes due August 2025 (the "2025 Notes"). In connection with the conversion, $122.8 million or 47.8% of the 2025 Notes will convert into approximately 4.5 million shares of FET common stock on January 3, 2023, with a settlement date of January 5, 2023. The remaining approximately $134.2 million in aggregate principal of the 2025 Notes are not subject to any optional or further mandatory conversion provisions. FET's annualized interest payments will decline by over $11 million following the conversion. As adjusted for the conversion and the recently announced sale leaseback, FET's net debt would have been approximately $93 million as of September 30, 2022, or 2.0 times trailing twelve months Adjusted EBITDA. Availability under FET's ABL credit facility would remain $127 million as of that date. See Table 1 for Adjusted EBITDA to Net Income reconciliation. Neal Lux, President and Chief Executive Officer, remarked, "First, I would like to welcome our newest shareholders to the FET family. In addition, I want to thank FET's employees for their hard work and dedication to achieve this important milestone. "From the third quarter 2020 to the third quarter 2022, and including our recently announced sale-leaseback transaction, we have reduced our net debt by approximately $215 million. As we look ahead, we will continue to execute our strategy of delivering technology that makes energy production more efficient, safer and cleaner. The strong macro environment and our ability to capture market share position us to increase revenue and profit margins. Importantly, the reduction in cash interest associated with this debt conversion will bolster our free cash flow generation. The future is brighter than ever for FET." FET is a global company, serving the oil, natural gas, industrial and renewable energy industries. FET provides value added solutions that increase the safety and efficiency of energy exploration and production. We are an environmentally and socially responsible company headquartered in Houston, TX with manufacturing, distribution and service facilities strategically located throughout the world. For more information, please visit www.f-e-t.com. Forward Looking Statements and Other Legal Disclosure This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the company expects, believes or anticipates will or may occur in the future are forward-looking statements. Without limiting the generality of the foregoing, forward-looking statements contained in this press release specifically include the expectations of plans, strategies, objectives and anticipated financial and operating results of the company, including any statement about the company's future financial position, liquidity and capital resources, operations, performance, acquisitions, returns, capital expenditure budgets, new product development activities, costs and other guidance included in this press release. These statements are based on certain assumptions made by the company based on management's experience and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Among other things, these include the volatility of oil and natural gas prices, oilfield development activity levels, the availability of raw materials and specialized equipment, the company's ability to deliver backlog in a timely fashion, the availability of skilled and qualified labor, competition in the oil and natural gas industry, governmental regulation and taxation of the oil and natural gas industry, the company's ability to implement new technologies and services, the availability and terms of capital, and uncertainties regarding environmental regulations or litigation and other legal or regulatory developments affecting the company's business, impacts associated with COVID-19, and other important factors that could cause actual results to differ materially from those projected as described in the company's filings with the U.S. Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which such statement is made, and the company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law. Table 1. View source version on businesswire.com: https://www.businesswire.com/news/home/20221228005384/en/ back
Sitio Royalties and Brigham Minerals Announce Completion of Merger
Sitio Royalties and Brigham Minerals Announce Completion of Merger DENVER, Dec. 29 /BusinessWire/ -- Sitio Royalties Corp. (NYSE:STR) ("Sitio" or the "Company") and Brigham Minerals, Inc. ("Brigham") today announced the successful completion of their merger, combining as Sitio Royalties Corp. The combination brings together two of the largest public companies in the mineral and royalty sector with complementary high-quality assets in the Permian Basin and other oil-focused regions, creating an industry leader with a proven track record of consolidating oil and gas mineral and royalty interests operated by a diverse set of E&P companies. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221229005014/en/ About Sitio Royalties Corp. Sitio is a shareholder returns-driven company focused on large-scale consolidation of high-quality oil & gas mineral and royalty interests across premium basins, with a diversified set of top-tier operators. With a clear objective of generating cash flow from operations that can be returned to shareholders and reinvested, Sitio has accumulated over 260,000 NRAs through the consummation of over 185 acquisitions to date. More information about Sitio is available at www.sitio.com. Forward-Looking Statements This new release contains statements that may constitute "forward-looking statements" for purposes of federal securities laws. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "seeks," "possible," "potential," "predict," "project," "prospects," "guidance," "outlook," "should," "would," "will," and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Except as otherwise required by applicable law, Sitio disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date hereof. These statements include, but are not limited to, statements about the Company's expected benefits of the merger between Sitio and Brigham; future dividends; and future plans, expectations, and objectives for the Company's operations, including statements about strategy, synergies, future operations, financial position, prospects, and plans. Forward-looking statements are not guarantees of performance. While forward-looking statements are based on assumptions and analyses made by us that we believe to be reasonable under the circumstances, whether actual results and developments will meet our expectations and predictions depend on a number of risks and uncertainties that could cause our actual results, performance, and financial condition to differ materially from our expectations and predictions. See "Risk Factors" in Sitio and Brigham's joint consent solicitation statement/proxy statement/prospectus filed with the U.S. Securities and Exchange Commission (the "SEC") on November 23, 2022 for a discussion of risk factors related to the merger between Sitio and Brigham. Additional information concerning these and other factors that may impact Brigham's and Sitio's expectations and projections can be found in Brigham's periodic filings with the SEC, including Brigham's Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and any subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K and Sitio's periodic filings with the SEC, including Sitio's Annual Report on Form 10-K for the fiscal year ended December 31, 2021, Part II, Item 1A "Risk Factors" in Sitio's Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Brigham's and Sitio's SEC filings are available publicly on the SEC's website at www.sec.gov. View source version on businesswire.com: https://www.businesswire.com/news/home/20221229005014/en/ back
Liberty Energy Inc. Announces Timing of Release of Fourth Quarter and Full Year 2022 Financial Results and Conference Call
Liberty Energy Inc. Announces Timing of Release of Fourth Quarter and Full Year 2022 Financial Results and Conference Call DENVER, Dec. 28 /BusinessWire/ -- Liberty Energy Inc. (NYSE:LBRT) announced today that it will release its financial results for the fourth quarter and full year ending December 31, 2022 after the market closes on Wednesday, January 25, 2023. Following the release, the Company will host a conference call to discuss the results at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time) on Thursday, January 26, 2023. Presenting the Company's results will be Chris Wright, Chief Executive Officer, Ron Gusek, President and Michael Stock, Chief Financial Officer. Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers, (412) 902-6704. Participants should ask to join the Liberty Energy call. A live webcast will be available at http://investors.libertyfrac.com. The webcast can be accessed for 90 days following the call. A telephone replay will be available shortly after the call and can be accessed by dialing (877) 344-7529, or for international callers (412) 317-0088. The passcode for the replay is 3034644. The replay will be available until February 2, 2023. About Liberty Liberty is a leading North American energy services firm that offers one of the most innovative suites of completion services and technologies to onshore oil and natural gas exploration and production companies. Liberty was founded in 2011 with a relentless focus on developing and delivering next generation technology for the sustainable development of unconventional energy resources in partnership with our customers. Liberty is headquartered in Denver, Colorado. For more information about Liberty, please contact Investor Relations at IR@libertyfrac.com View source version on businesswire.com: https://www.businesswire.com/news/home/20221228005390/en/ back
Baker Hughes Strengthens Norway Presence with 2 Major Contracts from Vr Energi
Baker Hughes Strengthens Norway Presence with 2 Major Contracts from VÃ¥r Energi Transformative nine-year contract enhances well intervention and exploration logging services for VÃ¥r EnergiSecond order includes advanced subsea production systemsTwo contracts with VÃ¥r Energi significantly reinforce Baker Hughes' industry leadership and growth trajectory HOUSTON and LONDON, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Friday two awards from VÃ¥r Energi that expand its regional presence in the North Sea for exploration logging, well intervention technology and subsea production systems. The first contract, a nine-year engagement, is a testament to Baker Hughes' heightened well intervention capabilities gained through the strategic acquisition of Altus Intervention completed in April 2023. In addition to the interventions scope, Baker Hughes will supply all exploration logging solutions to help VÃ¥r Energi further develop their prospects in the Norwegian Continental Shelf. The agreement enables a seamless integration of Baker Hughes' market-leading technologies into the wider operations of VÃ¥r Energi, enabling a powerful impact to their carbon reduction efforts. The second contract with VÃ¥r Energi is to deliver a bespoke Balder field vertical tree system, a Baker Hughes technology selected for the complexities of this field. This agreement spans 15 years, signifying a trusted long-term Future Agreement (FA) in one of VÃ¥r Energi's core focus areas, the Balder field. The contract includes the support for existing Balder legacy wells and any future developments in the Balder area. This pivotal engagement is anchored by Baker Hughes' distinct Norway delivery model, a multimodal site in Dusavik, Stavanger, that ensures a forward-looking local future for Norway's oil and gas industry. "Baker Hughes has an extensive and successful history of creating value for customers in Norway and the North Sea," said Maria Claudia Borras, executive vice president, Oilfield Services & Equipment at Baker Hughes. "The two long-term contract awards from VÃ¥r Energi enable us to deploy our superior portfolio not only in well intervention, but also in exploration logging and subsea production. Combining our technology, our exceptional regional expertise, and our dedication to a world-class customer experience ensures successful outcomes for both companies." About Baker HughesBaker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com. For more information, please contact: Media Relations: Victoria Ingalls+1 (346) 269-5764victoria.ingalls@bakerhughes.com Investor Relations: Chase Mulvehill+1-281-809-9088investor.relations@bakerhughes.com
Microbix Presenting at Muskoka Capital Conference
Microbix Presenting at Muskoka Capital Conference Meetings with Growth-Oriented Investors, September 29 to October 1, 2023MISSISSAUGA, Ontario, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Microbix Biosystems Inc. (TSX:MBX,OTCQX,MBXBF,Microbix,x,,AE,,strong,.CA), a life sciences innovator, manufacturer, and exporter, announces that it will be presenting to investors at the Muskoka Capital Conference, organized by Capital Event Management Ltd. and being hosted at the JW Marriott Rosseau Muskoka, in Minett, Ontario, September 29 to October 1, 2023. Microbix's CEO, Cameron Groome, and SVP, Sales and Business Development, Phil Casselli, will undertake a series of 18 one-on-one meetings with growth company investors during the formal portion of the conference. The presentation slides to which they will be speaking will be posted to the Microbix website at https://microbix.com, along with other business information and its financial disclosures. About Microbix BiosystemsMicrobix develops proprietary biological products for human health, with over 100 skilled employees and sales now targeting C$ 2.0 million per month. It makes a wide range of critical ingredients and devices for the global diagnostics industry, notably antigens for immunoassays and its laboratory quality assessment products (QAPs™ IVD or RUO test-controls) that support clinical lab proficiency testing, enable assay development and validation, or help ensure the quality of clinical diagnostic workflows. Microbix antigens enable the antibody tests of approximately 100 diagnostics makers, while QAPs are sold to clinical lab accreditation organizations, diagnostics companies, and clinical laboratories. Microbix QAPs are now available in over 30 countries, supported by a network of international distributors. Microbix is ISO 9001 and 13485 accredited, U.S. FDA registered, Australian TGA registered, Health Canada establishment licensed, and provides CE marked products. Microbix also applies its biological expertise and infrastructure to develop other proprietary products and technologies, most notably viral transport medium (DxTM™) to stabilize patient samples for lab-based molecular diagnostic testing and Kinlytic® urokinase, a biologic thrombolytic drug used to treat blood clots. Microbix is traded on the TSX and OTCQX, and headquartered in Mississauga, Ontario, Canada. About Capital Event Management Ltd. and the EventCapital Event Management Ltd. produces multiple investor events each year, across North America and in the Bahamas. Attendees include leading public and private companies, and a range of investors consisting of investment advisors, fund managers, and high net worth investors. Capital Event's unique event formats aim to allow principals to establish new and lasting relationships that lead to financings, open market support, and increased awareness within the investment community. Further information about the Muskoka event is available at https://cem.ca/conference/muskoka-capital-event/ Forward-Looking InformationThis news release includes "forward-looking information," as such term is defined in applicable securities laws. Forward-looking information includes, without limitation, discussion of Capital Event Management Ltd. and its conferences, Microbix's business and business results, goals or outlook, risks associated with financial results and stability, development projects such as those referenced in its corporate presentation, sales to foreign jurisdictions, engineering and construction, production (including control over costs, quality, quantity and timeliness of delivery), foreign currency and exchange rates, maintaining profitability and adequate working capital, or raising further capital on acceptable terms or at all, and other similar statements concerning anticipated future events, conditions or results that are not historical facts. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward looking information is inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Accordingly, actual future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. All statements are made as of the date of this news release and represent the Company's judgement as of the date of this new release, and the Company is under no obligation to update or alter any forward-looking information. Please visit www.microbix.com or www.sedar.com for recent Microbix news and filings. For further information, please contact Microbix at: Copyright © 2023 Microbix Biosystems Inc. Microbix®, DxTM™, Kinlytic®, and QAPs™ are trademarks of Microbix Biosystems Inc.
TechnipFMC Awarded Flexible Pipe Contract by Petrobras
TechnipFMC Awarded Flexible Pipe Contract by Petrobras NEWCASTLE & HOUSTON, Sep. 28 /BusinessWire/ -- TechnipFMC (NYSE:FTI) has been awarded a significant(1) contract to supply flexible pipes to Petrobras for the pre-salt fields offshore Brazil. The Company will design, engineer, and manufacture 14 kilometers of gas injection riser pipes. TechnipFMC will also supply associated services including packing and storage. Jonathan Landes, President, Subsea at TechnipFMC commented: "We have an established team in place who have earned the trust of Petrobras over many years of collaboration. We are delighted to once again work with a valued client to help them ensure success on their projects." (1) For TechnipFMC, a "significant" contract is between $75 million and $250 million. Important Information for Investors and Securityholders Forward-Looking Statement This release contains "forward-looking statements" as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. The words "expect," "believe," "estimated," and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. For information regarding known material factors that could cause actual results to differ from projected results, please see our risk factors set forth in our filings with the United States Securities and Exchange Commission, which include our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by law. About TechnipFMC TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services. With our proprietary technologies and comprehensive solutions, we are transforming our clients' project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions. Organized in two business segments - Subsea and Surface Technologies - we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation. Each of our approximately 20,000 employees is driven by a commitment to our clients' success, and a culture of strong execution, purposeful innovation, and challenging industry conventions. TechnipFMC uses its website as a channel of distribution of material company information. To learn more about how we are driving change in the industry, go to www.TechnipFMC.com and follow us on X (formerly Twitter) @TechnipFMC. View source version on businesswire.com: https://www.businesswire.com/news/home/20230928658886/en/ back
EARTHSTONE ENERGY INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Earthstone Energy, Inc. - ESTE
EARTHSTONE ENERGY INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Earthstone Energy, Inc. - ESTE NEW ORLEANS, Sep. 28 /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 Earthstone Energy, Inc. (NYSE:ESTE) to Permian Resources Corporation (NYSE:PR). Under the terms of the proposed transaction, shareholders of Earthstone will receive 1.446 shares of Permian for each share of Earthstone 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-este/ to learn more. To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com. Kahn Swick & Foti, LLC 1100 Poydras St., Suite 960 New Orleans, LA 70163 View source version on businesswire.com: https://www.businesswire.com/news/home/20230928556726/en/ back
Transaction in Own Shares
Transaction in Own Shares Transaction in Own Shares 28 September 2023 o o o o o o o o o o o o o o o o Shell plc (the `Company') announces that on 28 September 2023 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 27 July 2023. In respect of this programme, Citigroup Global Markets Limited will make trading decisions in relation to the securities independently of the Company for a period from 27 July 2023 up to and including 27 October 2023. 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 12 of the 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 Citigroup Global Markets Limited on behalf of the Company as a part of the buy-back programme is detailed below. Enquiries Media International: +44 (0) 207 934 5550 Media Americas: +1 832 337 4335 LEI number of Shell plc: 21380068P1DRHMJ8KU70 Classification: Acquisition or disposal of the issuer's own shares Attachment Transaction In Own Shares - complete
Sinclair Oil Launches Second Year Campaign Supporting Folds of Honor
Sinclair Oil Launches Second Year Campaign Supporting Folds of Honor Benefiting educational pursuits of military and first responder families SALT LAKE CITY, Sept. 28, 2023 /PRNewswire/ -- Sinclair Oil (Sinclair), an HF Sinclair (NYSE:DINO) brand, today announced a second-year initiative supporting Folds of Honor, a nonprofit organization that helps provide educational scholarships to the families of fallen and disabled service members and first responders. This October, participating Sinclair-branded retail locations will donate a portion of the proceeds from every gallon of fuel sold. Additionally, Sinclair will donate $3 for every new DINOPAY® app account for the first 35,000 users. All DINOPAY® users will be given the opportunity to donate their 10 cents per gallon DINOPAY® fuel discount to Folds of Honor during the October campaign. After raising more than $900,000 last year, Sinclair Oil aims to raise $1 million dollars over 31 days, with the support of participating Sinclair-branded retail partners and customers. "With each fill-up at participating Sinclair-branded retail locations, you can help provide life-changing scholarship opportunities," said Fergie Theriault, vice president of branded marketing for HF Sinclair. "Through this campaign, we continue to show gratitude by the gallons to the families of service members and first responders." According to available data, several states in which Sinclair-branded retail locations or customers are present, rank among the top 10 states for veteran populations, including Idaho, Nevada, Montana and Wyoming. Funds raised through Fueling Folds of Honor will support veteran and first responder families in the communities surrounding participating Sinclair locations. Customers may also choose to donate to the initiative through online donations promoted on Sinclair Oil's website. For more information about participating locations visit SinclairFuelingFolds.com. For more information about Sinclair Oil and HF Sinclair visit SinclairOil.com. About HF Sinclair Corporation HF Sinclair Corporation (HF Sinclair), headquartered in Dallas, Texas, is an independent energy company that produces and markets high value light products such as gasoline, diesel fuel, jet fuel, renewable diesel and other specialty products. HF Sinclair owns and operates refineries located in Kansas, Oklahoma, New Mexico, Wyoming, Washington and Utah and markets its refined products primarily in the Southwest U.S., the Rocky Mountains extending into the Pacific Northwest, and in other neighboring Plains states. HF Sinclair supplies high-quality fuels to more than 1,500 Sinclair-branded retail locations and licenses the use of the Sinclair brand at more than 300 additional locations throughout the country. In addition, subsidiaries of HF Sinclair produce and market base oils and other specialized lubricants in the U.S., Canada and the Netherlands and export products to more than 80 countries. Through its subsidiaries, HF Sinclair produces renewable diesel at two of its facilities in Wyoming and also at its facility in Artesia, New Mexico. HF Sinclair also owns a 47% limited partner interest and non-economic general partner interest in Holly Energy Partners, L.P., a master limited partnership that provides petroleum product and crude oil transportation, terminalling, storage and throughput services to the petroleum industry, including HF Sinclair subsidiaries. About Sinclair Oil Sinclair Oil, an HF Sinclair brand, is one of the oldest continuous brands in the energy business. Recognized for its iconic dinosaur, Sinclair has more than 1,500 independent branded and licensed stations, featuring DINOCARE® TOP TIER™ gasoline. DINOPAY® is an app-based payment system that allows users to pay for fuel and in-store items with their mobile device, track receipts, utilize fuel discounts, and locate the nearest Sinclair location. About Folds of Honor Folds of Honor is a 501(c)(3) nonprofit organization that provides educational scholarships to the spouses and children of military members serving in the United States Armed Forces and to first responders who have fallen or been disabled. Our educational scholarships support private school tuition or tutoring in grades K-12, tuition for college, technical or trade school and post-graduate work, including a master's degree, doctorate, or professional program. Funds for a second bachelor's degree or trade/technical program certification are also available. Since its inception in 2007, Folds of Honor has awarded nearly 44,000 scholarships totaling nearly $200 million in all 50 states to military dependents. Among the students served, 41% are minorities. Academic scholarships for first responders' families were added in 2022. It is rated a four-star charity by Charity Navigator and platinum on GuideStar. It was founded by Lt Col Dan Rooney, the only F-16 fighter pilot (with three combat tours in Iraq) and PGA Professional. For more information or to donate in support of a Folds of Honor scholarship visit FoldsofHonor.org. View original content:https://www.prnewswire.com/news-releases/sinclair-oil-launches-second-year-campaign-supporting-folds-of-honor-301942155.html SOURCE Sinclair Oil
HPQ PUREVAP™ Gen3 QRR Project Update
HPQ PUREVAP™ Gen3 QRR Project Update MONTREAL, Sept. 28, 2023 (GLOBE NEWSWIRE) -- HPQ Silicon Inc. ("HPQ" or the "Company") (TSX-V: HPQ) (OTCQB: HPQFF) (FRA: O08), a technology company specializing in green engineering processes for silica and silicon material production, would like to provide shareholders with an update on the latest developments for the ongoing PUREVAP™ Gen3 Quartz Reduction Reactor pilot plan project ("Gen3 QRR") since our August 9th, 2023 release. The work completed so far has successfully validated approximately 80% of the project's key milestones, which include: Achieving 99.5% Silicon purity (2N+) from the outset, a level that exceed best commercially available purity threshold.Scaling up production by 2,500X from PUREVAP™ Gen2 QRR.Demonstrating the semi-continuous batch production capability of the reactor.Achieving one-step production of 3N+ Silicon or battery-grade Silicon.Production of silicon using 25% less feedstock than conventional carbothermic processes that use a ratio of 6 tonnes (t) of raw materials to produce 1 ton of metallurgical grade silicon (MG Si - 98.5% to 99.5%) [1]. To successfully achieve the Silicon pour, PyroGenesis Canada Inc. (TSX:PYR,,u,.CA) (NASDAQ:PYR,,u) (FRA: 8PY) - the project's technology provider - completed essential upgrades to enhance the Gen3 QRR design in September 2023. These modifications were implemented to improve the fluidity of liquid silicon at the reactor's base. This was an issue that has prevented successful silicon pour during previous tests. Also, PyroGenesis made some additional upgrades to the system, like improving the QRR crucible design to minimize silicon contamination during the pouring process. Furthermore, PyroGenesis informed HPQ that the modified crucible will be delivered to the testing facility this week and that, if all goes according to plan, the silicon pour should be completed the following week. "The key milestones reached to date by Gen3 QRR are demonstrations of how the HPQ PUREVAP™ QRR process is progressing and is on the path to modernize the production of high-purity Silicon," stated Bernard Tourillon, President & CEO of HPQ Silicon. "Our technology has the potential to transform a century-old industrial process - known for its significant CO2 emissions - into an efficient, scalable, and low carbon manufacturing process." During the past month, HPQ's three key initiatives - Silicon, Fumed Silica, and Autonomous Hydrogen Generation via Hydrolysis - have all achieved significant milestones as we diligently executed our business plan. HPQ SILICON INITIATIVE: The demand for silicon is projected to surpass 3.8 million tonnes, valued between US$15 billion and US$20 billion, by 2025 [3]. These numbers do not take into consideration the 300,000 t of Silicon-based anode material demand projected by 2030, representing another market estimated to be worth about US$ 15 billion [4] that will need 3N+ Silicon as feedstock. The conventional silicon manufacturing processes, with purity ranging from 98.5% to 99.5%, are both expensive and energy intensive. The process, invented in 1899, is still utilized today, making Silicon production the largest CO2 emitter among all metals and non-ferrous metals. This information is based on the Intergovernmental Panel on Climate Change (IPCC), a United Nations body dedicated to climate change research [5]. "According to the plan, with the upgraded GEN3 QRR crucible back at the plant, we can anticipate that a successful Silicon pour is within our reach," added Mr. Tourillon. REFERENCE SOURCES About PyroGenesis Canada Inc. PyroGenesis Canada Inc., a high-tech company, is a leader in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG) and are economically attractive alternatives to conventional "dirty" processes. PyroGenesis has created proprietary, patented, and advanced plasma technologies that are being vetted and adopted by multiple multibillion dollar industry leaders in three massive markets: iron ore pelletization, aluminum, waste management, and additive manufacturing. With a team of experienced engineers, scientists and technicians working out of its Montreal office, and its 3,800 m2 and 2,940 m2 R&D and manufacturing facilities, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. The operations are ISO 9001:2015 and AS9100D certified, having been ISO certified since 1997. For more information, please visit: www.pyrogenesis.com. About HPQ Silicon HPQ Silicon Inc. (TSX-V: HPQ) is a Quebec-based TSX Venture Exchange Tier 1 Industrial Issuer. HPQ is developing, with the support of world-class technology providers PyroGenesis Canada Inc. (TSX:PYR,,u,,u,.CA) (NASDAQ:PYR,,u,,u) and NOVACIUM SAS, new green processes crucial to make the critical materials needed to reach net zero emissions. HPQ activities are centred around the following five (5) pillars: For more information, please visit HPQ Silicon web site. Disclaimers: This press release contains certain forward-looking statements, including, without limitation, statements containing the words "may", "plan", "will", "estimate", "continue", "anticipate", "intend", "expect", "in the process" and other similar expressions which constitute "forward-looking information" within the meaning of applicable securities laws. Forward-looking statements reflect the Company's current expectation and assumptions and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company's ongoing filings with the security's regulatory authorities, which filings can be found at www.sedar.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This News Release is available on the company's CEO Verified Discussion Forum, a moderated social media platform that enables civilized discussion and Q&A between Management and Shareholders. Source: HPQ Silicon Inc.For further information contact: Bernard J. Tourillon, Chairman, President, and CEO Tel +1 (514) 846-3271Patrick Levasseur, Director Tel: +1 (514) 262-9239Email: Info@hpqsilicon.com
Oceaneering Announces Dates for Third Quarter 2023 Earnings Release and Conference Call
Oceaneering Announces Dates for Third Quarter 2023 Earnings Release and Conference Call HOUSTON, Sep. 27 /BusinessWire/ -- Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announces that it will report financial results for the third quarter of 2023 on Wednesday, October 25, 2023, after the close of trading on the New York Stock Exchange. The earnings release will be available on Oceaneering's website at oceaneering.com. Oceaneering has also scheduled a conference call and webcast related to its third quarter results for Thursday, October 26, 2023, at 10:00 a.m. Central Time. Interested parties may listen to the call through a webcast link posted in the Investor Relations section of Oceaneering's website. A replay of the conference call will be made available on the website approximately two hours after the live call concludes. Oceaneering is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries. For more information on Oceaneering, please visit oceaneering.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20230927550166/en/ back
Talos Energy Completes Mexico Transaction with Grupo Carso
Talos Energy Completes Mexico Transaction with Grupo Carso HOUSTON, Sept. 27, 2023 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) and its Mexican subsidiary ("Talos Mexico") today announced the closing of the sale of a 49.9% interest in Talos Mexico to Zamajal, S. A. de C.V., a wholly-owned subsidiary of Grupo Carso ("Carso"), a company controlled by the family of the Mexican billionaire Carlos Slim. As consideration for the sale, Talos received $74.85 million in cash at closing, with an additional $49.90 million due upon first production, for an aggregate price of $124.75 million. Talos Mexico, now owned 50.1% by Talos Energy and 49.9% by Carso, holds a 17.4% interest in the Zama field. Talos will remain the controlling shareholder of Talos Mexico. In June 2023, Mexico's Comisión Nacional de Hidrocarburos ("CNH") approved the Zama Unit Development Plan. Talos is working with the Zama Unit's Integrated Project Team to progress the front-end engineering and design and other workstreams required to reach a Final Investment Decision ("FID"). Talos will co-lead the planning, drilling, construction, and completion of all Zama wells and the planning, execution, and delivery of Zama's offshore infrastructure. Talos President and Chief Executive Officer Timothy S. Duncan commented: "We are excited to partner with Carso on Zama, one of the largest global shallow water oil discoveries in recent years. We expect that Talos's strong operational track record combined with Carso's critical local presence and global commercial reputation will enable us to further advance Zama toward FID and first production." ABOUT TALOS ENERGY Talos Energy (NYSE: TALO) is a technically driven independent exploration and production company focused on safely and efficiently maximizing long-term value through its operations, currently in the United States and offshore Mexico, both upstream through oil and gas exploration and production and downstream through the development of future carbon capture and storage opportunities. As one of the Gulf of Mexico's largest public independent producers, we leverage decades of technical and offshore operational expertise towards the acquisition, exploration and development of assets in key geological trends that are present in many offshore basins around the world. With a focus on environmental stewardship, we are also utilizing our expertise to explore opportunities to reduce industrial emissions through our carbon capture and storage initiatives along the U.S. Gulf of Mexico. For more information, visit www.talosenergy.com. INVESTOR RELATIONS CONTACTinvestor@talosenergy.com CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This communication may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact included in this communication, regarding our strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. When used in this communication, the words "will," "could," "believe," "anticipate," "intend," "estimate," "expect," "project," "forecast," "may," "objective," "plan" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on our current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. We caution you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. These risks include, but are not limited to, our ability to reach FID on the timeline currently contemplated or at all; government regulations and actions by the Mexican national oil company; and the other risks discussed in Part I, Item 1A. "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2022 and Part II, Item 1A. "Risk Factors" in our Quarterly Reports on Forms 10-Q for the quarters ended March 31, 2023 and June 30, 2023. Should one or more of the risks or uncertainties described herein occur, or should underlying assumptions prove incorrect, our actual results and plans could differ materially from those expressed in any forward-looking statements. All forward-looking statements, expressed or implied, included in this communication are expressly qualified in their entirety by this cautionary statement. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that we or persons acting on our behalf may issue. Except as otherwise required by applicable law, we disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this communication. View original content:https://www.prnewswire.com/news-releases/talos-energy-completes-mexico-transaction-with-grupo-carso-301940881.html SOURCE Talos Energy
Seadrill Announces Approval of Restated Management Incentive Plan and New Incentive Awards
Seadrill Announces Approval of Restated Management Incentive Plan and New Incentive Awards HAMILTON, Bermuda, Sep. 27 /BusinessWire/ -- The Board of Directors of Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) has approved an amended and restated management incentive plan (the "Restated Plan") under which awards may be made to certain members of the Company's management, and other leading employees, outside directors and consultants of the Company. The Restated Plan is designed to align the interests of eligible participants with those of the Company's shareholders. The Board of Directors of the Company adopted the Restated Plan to effect changes to the management incentive plan approved by the Board of Directors in August 2022 (the "Plan") that were intended in part to address feedback received from shareholders of the Company. The Restated Plan will become effective upon its approval by the Company's shareholders at the Company's upcoming Annual General Meeting. The Restated Plan provides that the Joint Nomination and Remuneration Committee of the Board of Directors of the Company (the "Committee") may make various equity awards to participants, including Time-vested Restricted Stock Units ("TRSUs") and Performance Restricted Stock Units ("PRSUs"). The Restated Plan is limited to a total of 2,910,053 common shares, representing approximately (1) 5.5% of the Company's share capital at the time of the Company's emergence from Chapter 11 of the U.S. Bankruptcy Code as provided for under the Company's Plan of Reorganization and (2) 3.6% of the Company's share capital as of the date hereof (in each case, on a fully diluted and fully distributed basis). On September 25, 2023, the Committee made awards under the Plan including (1) a total of 125,841 TRSUs for management and employees, vesting ratably annually on each of the first and second anniversaries of the grant date, subject to continued employment through such date, and (2) a total of 293,629 PRSUs for management and employees, to vest in a cliff at the end of a performance period ending December 31, 2025, subject to continued employment through such date and achieving certain performance objectives linked to (a) the total shareholder return (TSR) on the Company's common shares as compared to (i) certain absolute TSR targets and (ii) the TSR of a compensation peer group (60% weighting), and (b) achievement of certain free cash flow metrics (40% weighting). Vested TRSUs and PRSUs will be settled, at the discretion of the Committee, in cash or, subject to effectiveness of the Restated Plan, common shares of Seadrill. Of the awards made by the Committee on September 25, 2023, the primary insiders of the Company, Simon Johnson (President and Chief Executive Officer), Grant Creed (EVP, Chief Financial Officer), Leif Nelson (EVP, Chief Operations & Technology Officer), Torsten Sauer-Petersen (EVP, Human Resources), Samir Ali (EVP, Chief Commercial Officer) and Todd Strickler (SVP, General Counsel) received a total of 125,841 TRSUs and a total of 293,629 PRSUs, as further described in the attached forms. This information is subject to disclosure requirements pursuant to article 19 of the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act. About Seadrill Limited Seadrill is a leading offshore drilling contractor utilizing advanced technology to unlock oil and gas resources for clients across harsh and benign locations around the globe. Seadrill's high-quality, technologically-advanced fleet spans all asset classes allowing its experienced crews to conduct operations across geographies, from shallow to ultra-deepwater environments. View source version on businesswire.com: https://www.businesswire.com/news/home/20230927471878/en/ back