CINCINNATI--(BUSINESS WIRE)--Mike Albert Fleet Solutions, a national leader in the automotive electrification movement for the past ten years, has promoted Nate Shadoin to Director, Sales & Fleet Electrification. Mike Albert has created this new prominent position to further its mission to empower fleet clients to achieve their sustainability goals and improve their ROI with electric vehicles.

“Mike Albert Fleet Solutions has been a leader in the fleet industry since 1956 by staying ahead of the curve and embracing change in the automotive industry,” says Shadoin. “We’re excited that EVs and fleet electrification initiatives have become top of mind for businesses and government agencies who have carbon footprint reduction initiatives and want a lower total cost of ownership. We’re proud to lead in this growing segment of the industry and help our clients realize the benefits of a zero-emission fleet.”

Shadoin’s professional passion for vehicle electrification began at Zenith Motors, where the core business was electric powertrain conversions for vans. He joined Mike Albert Fleet Solutions in 2015 where he has been highly successful at building long-lasting bonds with several OEMs in the electric vehicle space and helping companies and municipalities nationwide make a smooth, cost-efficient transition to fleet electrification.

“Nate is very hands on and knowledgeable about electric vehicles. He’s definitely a specialist and well-connected when it comes to electric vehicles and electric fleets, which made acquiring the cars we wanted a seamless process. I really appreciate his passion and his professionalism,” says Morgan Kauffman, CEO and owner of Columbus Yellow Cab.

“Nate is an unshaken leader in his belief in electric vehicles and the long-term value they can deliver to its owners and our environment,” says Jeff Hart, President at Mike Albert. “Through experience and continuous research, he has acquired extensive knowledge of the vehicles, batteries and charging solutions, as well as the monetization of incentives, grants and tax credits. He is a true champion of electrification.”

“Nate has become an expert in electrification by working diligently with manufacturers of electric vehicles and batteries and with vendors of charging infrastructure,” says Mike Hardesty, VP, Business Development/Strategic Alliances at Mike Albert. “Nate has earned their respect and communicates with them regularly to stay up on the most recent developments in the industry.”

“Nate is the go-to guy when it comes to information about electric vehicles for fleets and the cost savings they can provide,” says Ted Cain, Executive VP, Sales at Mike Albert. “In his new position, he’ll fervently lead our charge into the future of fleet electrification.”

Shadoin, a lifelong sports car, racing, and auto industry enthusiast, attended Butler University in Indianapolis, the hometown of the Indianapolis 500. He’s now based in Cincinnati, Ohio.

To learn more about fleet electrification and EV fleet management, visit mikealbert.com.

About Mike Albert

Mike Albert is a future-focused mobility company, 63 years in the making, that’s home to three business units – Fleet Solutions, Sales & Service and Rental. Mike Albert is proudly rooted in Cincinnati, Ohio, but serves clients nationwide. Whether you need the ways and means to transport people, products or services, Mike Albert associates pride themselves on matching you with the right vehicles, financing and services to help you achieve your goals today and tomorrow.

Mike Albert Fleet Solutions, a top 10 national fleet management company, offers end-to-end services including vehicle acquisition and remarketing, leasing and financing, maintenance management, fuel management, telematics data and truck and van equipment and branding. Mike Albert Fleet Solutions serves fleets of any size, in any industry, including service contracting, pest control, construction, food and beverage, delivery, grounds management and municipalities.

Mike Albert Fleet Solutions
Chris Parrott
VP, Marketing
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MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE American: NOG) (the “Company”) today announced that it has priced an upsized private placement (the “Offering”) under Rule 144A and Regulation S of the Securities Exchange Act of 1933, as amended (the “Securities Act”), to eligible purchasers, of $550.0 million in aggregate principal amount of new 8.125% senior notes due 2028 (the “New Notes”) at par. The Offering is expected to close on February 18, 2021, subject to the satisfaction of customary closing conditions.

The Company intends to use the net proceeds from the Offering to (i) fund a portion of the cash purchase price for the Company’s recently announced pending acquisition of certain non-operated natural gas assets in the Appalachian Basin from Reliance Marcellus LLC (the “Reliance Acquisition”), (ii) repay a portion of the outstanding borrowings under its revolving credit facility, (iii) repurchase or redeem all of its outstanding 8.50% Senior Secured Second Lien Notes due 2023 (the “2023 Notes”), (iv) repay in full its outstanding senior unsecured promissory note due 2022, and (v) pay all accrued and unpaid interest due in connection with such repurchases, repayments and redemptions and all related premiums and transaction expenses. The Company intends to use any remaining net proceeds for general corporate purposes, which may include further repayment of a portion of the outstanding borrowings under its revolving credit facility.

The consummation of the Offering is not conditioned upon the completion of the Reliance Acquisition, and the consummation of the Offering is not a condition to the completion of the Reliance Acquisition.

The New Notes will not be registered under the Securities Act or under any state or other securities laws, and the New Notes will be issued pursuant to an exemption therefrom, and may not be offered or sold within the United States, or to or for the account or benefit of any U.S. Person, absent registration or an applicable exemption from registration requirements.

The New Notes are being offered only to persons who are either reasonably believed to be “qualified institutional buyers” under Rule 144A or who are non-“U.S. persons” under Regulation S as defined under applicable securities laws.

This press release does not constitute an offer to sell, a solicitation to buy or an offer to purchase or sell any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. This press release does not constitute a notice of redemption under the optional redemption provisions of the indenture governing the 2023 Notes.

ABOUT NORTHERN OIL AND GAS

Northern Oil and Gas, Inc. is a company with a primary strategy of investing in non-operated minority working and mineral interests in oil & gas properties, with a core area of focus in the premier basins within the United States.

SAFE HARBOR

This press release contains forward-looking statements regarding future events and future results that are subject to the safe harbors created under the Securities Act and the Securities Exchange Act of 1934 (the “Exchange Act”). All statements, other than statements of historical facts included in this press release, are forward-looking statements, including, but not limited to, statements regarding the expected closing date of the Offering and the anticipated use of the net proceeds therefrom. When used in this press release, forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “continue,” “anticipate,” “target,” “could,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may” or other words and similar expressions that convey the uncertainty of future events or outcomes. Items contemplating or making assumptions about actual or potential future production and sales, market size, collaborations, and trends or operating results also constitute such forward-looking statements.

Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond the Company’s control) that could cause actual results to differ materially from those set forth in the forward looking statements, including the following: changes in crude oil and natural gas prices; the pace of drilling and completions activity on the Company’s properties and properties pending acquisition; the Company’s ability to acquire additional development opportunities; potential or pending acquisition transactions, including the Reliance Acquisition; the Company’s ability to consummate the Reliance Acquisition, the anticipated timing of such consummation, and any anticipated financing transactions in connection therewith; the projected capital efficiency savings and other operating efficiencies and synergies resulting from the Company’s acquisition transactions; integration and benefits of property acquisitions, including the Reliance Acquisition, or the effects of such acquisitions on the Company’s cash position and levels of indebtedness; changes in the Company’s reserves estimates or the value thereof; disruptions to the Company’s business due to acquisitions and other significant transactions; general economic or industry conditions, nationally and/or in the communities in which the Company conducts business; changes in the interest rate environment, legislation or regulatory requirements; conditions of the securities markets; the Company’s ability to raise or access capital; changes in accounting principles, policies or guidelines; financial or political instability, acts of war or terrorism, and other economic, competitive, governmental, regulatory and technical factors affecting the Company’s operations, products and prices; and the COVID-19 pandemic and its related economic repercussions and effect on the oil and natural gas industry. Additional information concerning potential factors that could affect future financial results is included in the section entitled “Item 1A. Risk Factors” and other sections of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and the Company’s Quarterly Report on Form 10-Q for the fiscal quarters ended March 31, 2020, June 30, 2020 and September 30, 2020, as updated from time to time in amendments and subsequent reports filed with the SEC, which describe factors that could cause the Company’s actual results to differ from those set forth in the forward looking statements.

The Company has based these forward-looking statements on its current expectations and assumptions about future events. While management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond the Company’s control. The Company does not undertake any duty to update or revise any forward-looking statements, except as may be required by the federal securities laws.

Mike Kelly, CFA
EVP, Finance
(952) 476-9800
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Prevent power outages by securing metallic balloons with a weight

SAN FRANCISCO--(BUSINESS WIRE)--Valentine’s Day is only a few days away and couples across California are busy making elaborate romantic plans that entail . . . staying at home. But if those COVID-19-friendly, stay-at-home plans involve metallic balloons, Pacific Gas and Electric Company (PG&E) is reminding all of its customers to celebrate responsibly. If balloons—particularly metallic ones—come into contact with overhead power lines, they can disrupt electric service, cause significant property damage and potentially result in serious injuries. So, make sure to keep your Valentine’s Day balloons inside and weighted down.

Last year, metallic balloons were the cause of 453 power outages across PG&E’s service area in Northern and Central California, disrupting electric service to more than 250,000 homes and businesses. This is nearly a 30 percent increase in balloon-caused outages from 2019.

“Over the past year, we’ve seen a significant increase in the number of balloons floating into our power lines and causing outages, and we suspect that there could be a correlation to the pandemic and the advent of creative at-home celebrations. Metallic balloons are an easy way to make at-home celebrations more festive, but nothing puts a damper on a romantic evening faster than a widespread power outage you, your friends or your neighbors. Keep your holiday safe by ensuring metallic balloons are secured with a weight,” said Ken Wells, Vice President, Electric Distribution, PG&E.

This year, due to the pandemic, only 21 percent of people celebrating Valentine’s Day are planning an evening out, the lowest in 17 years, according to a National Retail Federation survey. As more and more people celebrate at home, creativity is taking center stage and balloons are a fun way to liven up February 14 celebrations. But if used improperly they can certainly put a damper on the fun. Make sure to stay safe and have fun.

The top five cities in PG&E's coverage area that reported balloon-related outages are Bakersfield, San Jose, Oakland, Stockton and San Francisco. Sometimes these outages interrupt electric service to important facilities such as hospitals, schools and traffic lights. You can see for yourself by checking out this video that shows how balloons can create safety issues: PG&E Mylar Balloon Safety

In order to significantly reduce the number of balloon-caused outages and to help ensure that everyone can safely enjoy Valentine’s Day PG&E reminds customers to follow these important safety tips for metallic balloons:

• “Look Up and Live!" Use caution and avoid celebrating with metallic balloons near overhead electric lines.
• Make sure helium-filled metallic balloons are securely tied to a weight that is heavy enough to prevent them from floating away. Never remove the weight.
• When possible, keep metallic balloons indoors. Never permit metallic balloons to be released outside, for everyone's safety.
• Do not bundle metallic balloons together.
• Never attempt to retrieve any type of balloon, kite, drone or toy that becomes caught in a power line. Leave it alone, and immediately call PG&E at 1-800-743-5000 to report the problem.
• Never go near a power line that has fallen to the ground or is dangling in the air. Always assume downed electric lines are energized and extremely dangerous. Stay far away, keep others away and immediately call 911 to alert the police and fire departments. Other tips can be found at pge.com/beprepared

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric utilities in the United States. Based in San Francisco, with more than 23,000 employees, the company delivers some of the nation’s cleanest energy to nearly 16 million people in Northern and Central California. For more information, visit www.pge.com/ and www.pge.com/en/about/newsroom/index.page.

MEDIA RELATIONS:
415-973-5930

DENVER--(BUSINESS WIRE)--Liberty Oilfield Services Inc. (NYSE: LBRT; “Liberty” or the “Company”) announced today the pricing of an underwritten public offering of an aggregate of 8,700,000 shares of its Class A common stock by R/C Energy IV Direct Partnership, L.P. and R/C IV Liberty Holdings, L.P. (collectively, the “Selling Stockholders”), at $11.45 per share. Liberty will not sell any shares of Class A common stock in the offering and will not receive any proceeds therefrom. The Selling Stockholders have granted the underwriter a 30-day option to purchase up to an additional 1,305,000 shares of Class A common stock.

Morgan Stanley is acting as the underwriter for the offering.

The offering of these securities will be made only by means of a prospectus supplement. Copies of the preliminary prospectus supplement and accompanying base prospectus relating to the offering, as well as copies of the final prospectus supplement once available, may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.

The offering is being made pursuant to an effective shelf registration statement and prospectuses filed by Liberty with the Securities and Exchange Commission (the “SEC”). This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful without registration or qualification under the securities laws of any such state or jurisdiction.

About Liberty

Liberty is a leading North American oilfield 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.

Forward-Looking and Cautionary Statements

The information above 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, are forward-looking statements. These forward-looking statements are identified by their use of terms and phrases such as “may,” “expect,” “estimate,” “project,” “plan,” “believe,” “intend,” “achievable,” “anticipate,” “will,” “continue,” “potential,” “should,” “could,” and similar terms and phrases. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties. These forward-looking statements represent our expectations or beliefs concerning future events, and it is possible that the results described in this release will not be achieved. These forward-looking statements are subject to certain risks, uncertainties and assumptions identified above or as disclosed from time to time in Liberty's filings with the SEC. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements.

Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, we do 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 us to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in “Item 1A. Risk Factors” included in our Annual Report on Form 10-K for the year ended December 31, 2019, as filed with the SEC on February 27, 2020 and Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2020, June 30, 2020 and September 30, 2020 and in our other public filings with the SEC. These and other factors could cause our actual results to differ materially from those contained in any forward-looking statements.

Michael Stock
Chief Financial Officer
303-515-2851
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Optimistic color conveys trust, dependability, healing, hope

PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE:PPG) today released its 2020 automotive color popularity report, which shows blue hues continuing to increase in popularity. The optimistic color climbed to 9% of global color share – a 1% increase from 2019.

The trend reinforces PPG’s 2019 automotive color forecast, which anticipated that sales of blue automobiles would increase over the next four years. PPG experts believe the global COVID-19 pandemic is likely to further fuel global preference for the color.

“COVID-19 has consumers focusing on their desires and priorities,” said Misty Yeomans, PPG color styling manager, Americas. “Blue is an optimistic, comforting color that conveys trust, dependability, confidence, healing and hope. It’s also associated with nature, cleanliness and future-forward technology.”

While blue held steady in most regions, it increased 1% in Asia-Pacific markets, accounting for virtually all the color’s overall global growth. In North America, blues held at 10% of the color share, but became more popular on minivans, compact cars and sports cars. Blue now commands 15% of the sports car segment in the region.

In Europe, blue occupies 11% of the market. Sales of blue luxury, mid-size and sub-compact vehicles grew by 1% across the continent last year. In China, the purchase of blue sub-compacts jumped by 4% and blue mid-size cars by 2%, but the color fell by 6% in minivans.

As the movement toward blue continues, Yeomans expects the color to emerge in more vivid or desaturated shades, deep-sea luxury tones and hues with a slight turquoise influence.

“Digital-inspired aqua-blues combine versatility with a sense of youthfulness and a fresh spirit,” said Yeomans. “The emergence of the electric vehicle (EV) market also will drive growth in vibrant tones and interesting effects, such as color-shifting colors. We’re also seeing blue used more extensively in trim lines, logos and other accessorizing applications.”

Consumer demand and the need to accommodate autonomous driving technologies helped white remain the world’s most popular automobile color. While preference for white tones fell 1% from 2019, solid and metallic shades of the color claimed 34% of the cars purchased worldwide in 2020, according to PPG’s report. This was led by 41% of auto builds in the Asia-Pacific region, which is a boost of 1% from 2019, and 36.5% in South America, where demand fell by 2.5%. In North America, white metallics leapt substantially in the luxury car segment, from 21% last year to 38% in 2020.

“White colors also reflect consumers’ desire for refined simplicity and versatility in turbulent times,” Yeomans said. “In addition to the pearl and metallic whites that are already widely popular, we anticipate a new dimension of white stylings in the automotive market that create a warm, sophisticated feel, such as creamy shades of ivory or bone-colored tints and ceramic effects. White colors are also highly compatible with emerging radar and LiDAR technologies that enable self-driving vehicles.”

Together, green, blue and natural shades accounted for 16% of the global automotive color share. This figure is consistent across all regions except South America, where white, silver, black and gray virtually eliminate these hues.

“Red is consistent and an important color space in the automotive market, holding steady at 8% globally,” said Yeomans. “This color will get a new push with EV start-ups due to its stand-out nature and association with sports car models. Year after year, we see high chromatic reds growing in interest.”

Holding steady at 18% compared to 2019, black retained its popularity as a core color due to its versatility and dramatic design potential.

“Effects and finishes that incorporate black tones allow for artistic reveals in the way color shifts, highlighting hidden undertones and adding a dramatic flair to the possibilities provided by the new pigments and finishes being developed within this color family,” Yeomans said.

Globally, a slight decrease in the popularity of silver was balanced by a corresponding increase in preferences for gray. Silver tones dropped from 15% of auto builds in 2019 to 12% in 2020. Grays rose from 10% to 12% during the same period.

PPG forecasts that gray will remain a popular core color for automotive stylists moving forward, driven by the resurgence of concrete and stone materials and the ongoing appeal of ceramic and metal tones. The gray palette will shift toward warmer hues with brown influences, while blue-inflected grays will retain their fashionability.

The influence from nature will be apparent in silver stylings moving forward as well, according to PPG experts. Warmer and more organic tones will further reflect current consumer tastes, while also aligning with the highly compatible nature of very light tones, including whites, with new radar and LiDAR technologies.

Because PPG coats more surfaces than any other company and its paint colors are sold in more than 70 countries, developing color trends is a global, cross-cultural effort. Fact-based collaboration among more than 20 PPG color experts generates the company’s color trends and consumer preferences, resulting in a unified voice on color direction.

PPG color stylists around the world specialize in industries that include consumer electronics, architectural, automotive and aerospace. These experts study consumer mindsets, building material trends, wellness preferences and more to select a curated color forecast that resonates and is reflective of current consumer attitudes and spans cultures, regions and markets.

EDITOR’S NOTE: For more information on PPG’s automotive color popularity report, visit news.ppg.com/2020automotivecolor. For more information on PPG’s architectural coatings color trends, visit news.ppg.com/2021colortrends.

PPG: WE PROTECT AND BEAUTIFY THE WORLD™

At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and materials that our customers have trusted for more than 135 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 70 countries and reported net sales of $13.8 billion in 2020. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.

We protect and beautify the world is a trademark and the PPG Logo is a registered trademark of PPG Industries Ohio, Inc.

CATEGORY Automotive OEM Coatings

PPG Media Contacts:
Keith Rigby
Automotive OEM Coatings
+1 724-678-1453
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Greta Edgar
Corporate Communications
+1 724-316-7552
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www.ppg.com

NEW YORK--(BUSINESS WIRE)--$PLL #Lithium--Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to announce that experienced mining company executive Mr. Todd Hannigan has been appointed as Non-Executive Director of the Company, effective from today.

Mr. Hannigan was formerly the Chief Executive Officer of Aston Resources Limited (“Aston”). During this period, he led the growth of Aston into one of Australia's largest publicly listed resources companies. Aston raised approximately $2 billion in funding to acquire and develop the Maules Creek coal project through to first production. Aston merged with Whitehaven Coal Limited in a deal valued at over A$5 billion.

In January 2021, Mr. Hannigan was appointed non-executive Chairman of Tao Commodities Limited, which is developing the ‘critical mineral‘ Titan Project, a rare earth, titanium and zircon rich project in Tennessee, United States.

Mr. Hannigan will bring extensive industry knowledge, leadership and corporate relationships with a focus on battery and advanced manufacturing materials that will greatly benefit the Company as it progresses its exciting Piedmont Lithium Project in North Carolina, USA.

Jeff Armstrong, Independent Chairman of Piedmont, commented: “Todd is an outstanding addition to our Board and will add valuable leadership and experience. Todd is a large shareholder in Piedmont which is a testament to the quality of our Piedmont Lithium Project. Based in Australia, Todd will serve as an independent director and provide support for our continued ASX listing (via Chess Depositary Interests or “CDIs”) following our proposed re-domiciliation from Australia to the United States this year.”

Click here to view the full ASX Announcement.

Keith Phillips
President & CEO
T: +1 973 809 0505
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Brian Risinger
VP - Corporate Communications and Investor Relations
T: +1 704 910 9688
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Emera and Nova Scotia Power announce initial investment of $300,000 to provide critical programming and support for immigrant youth

HALIFAX, Nova Scotia--(BUSINESS WIRE)--Emera (TSX:EMA) is pleased to announce the creation of the Emera Inclusion & Diversity Fund. Emera and its operating companies plan to collectively invest a minimum of $5 million over the next five years to support organizations and initiatives advancing inclusion and diversity in our communities.

As part of the fund, Emera and Nova Scotia Power are contributing to the Immigrant Services Association of Nova Scotia (ISANS) to establish Youth Explore! programming. This $300,000 investment over the next three years will provide critical programming and support for youth aged 16-25 who are new to Canada and entering the workforce in Nova Scotia. While this is the first investment announced as part of the fund, Emera will continue to work with organizations in Nova Scotia and across its operating regions to identify other opportunities for partnership and investment.

“At Emera, we are committed to working together with our employees to promote diversity and inclusion across our organization and to make meaningful contributions to the communities where we live and work,” says Scott Balfour, President and CEO, Emera Inc. “We are proud to be headquartered in Nova Scotia, where we have progressive immigration policies designed to make our province stronger. We’re pleased to be collaborating with ISANS on this new initiative to help immigrant and refugee youth as they prepare to enter the workforce and become future leaders in the province.”

YouthExplore! participants will learn about culture, rights, and responsibilities in Canada, and develop their skills in areas including digital literacy and resume writing. As the project is developed, Emera and Nova Scotia Power employees will have the opportunity to participate as mentors and volunteers.

“ISANS, Emera and Nova Scotia Power share the vision of making communities stronger and more welcoming places to live for all. The Youth Explore! program will provide orientation, guidance and mentorship to newcomer youth so they can realize their full potential. We are thrilled to strengthen and expand our partnership with Emera on this important work,” says Wenche Gausdal, Director of Programs, Settlement, Community Integration & Support Services at ISANS.

Nova Scotia Power employee Banpreet Singh Shaney, Project Engineer at Tufts Cove Generating Station, knows first-hand the importance of the kind of support that will be provided through this new project.

“ISANS helped me with the very sweet journey I’ve been on, immigrating to Canada from India. I’m proud that this donation by Emera and Nova Scotia Power is supporting an ISANS program that will provide such important help to immigrant youth,” he says.

The Emera Inclusion & Diversity Fund is a collaborative effort across Emera and its operating companies and will directly support programs and initiatives that advance and promote diversity, help to remove barriers and support education and awareness. The fund is part of Emera’s Community Investment Program, which is focused on helping build safer, stronger and more innovative communities. The fund is also reflective of Emera’s journey towards an inclusive and diverse culture, supported by active inclusion and diversity employee networks across the organization.

For more information about Emera’s Inclusion & Diversity Fund and how to apply for funding, please visit:

https://www.emera.com/community

About Emera

Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, with approximately $32 billion in assets and 2019 revenues of more than $6.1 billion. The company primarily invests in regulated electricity generation and electricity and gas transmission and distribution with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments throughout North America, and in four Caribbean countries. Emera’s common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, EMA.PR.F and EMA.PR.H. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR and on The Bahamas International Securities Exchange under the symbol EMAB. Additional Information can be accessed at www.emera.com or at www.sedar.com.

Emera media contact
Dina Seely
902-478-0080
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Nova Scotia Power media contact
Jacqueline Foster
902-225-4735
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ISANS media contact
Bridget Ebsary
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902-222-7454

Nation’s Largest Bus Fleet Will Now be Powered by Sustainable Low-Carbon Fuel Derived from Organic Waste

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--$CLNE #RNG--Clean Energy Fuels Corp. (NASDAQ: CLNE) announced that the Los Angeles County Metropolitan Transportation Authority (Metro) has signed a new agreement for an estimated 47.5 million gallons of its renewable natural gas (RNG) to fuel the nation’s largest transit bus fleet.

This agreement will mark the completion of Metro’s 5-year goal to transition its diesel fleet to cleaner, low-carbon fuel, with 2,400 buses now running on RNG—the first renewable and commercially available vehicle fuel made entirely from organic waste.

“Metro is committed to ensuring a seamless path towards a carbon neutral future,” said Metro’s Chief Sustainability Officer, Cris Liban. “Our use of RNG alongside our ultra-low NOx engines on our existing CNG fleet provides the most cost-effective, equitable, and clean air strategy as we continue to transition to a 100% zero-emissions bus fleet by 2030 and a net zero-emissions agency by 2050.”

The fueling contract resulted from a competitive RFP process, with Metro awarding Clean Energy three fueling depots for a five-year term, with an option to extend up to three additional years. Clean Energy already delivers RNG to five additional Metro fueling depots under a previously awarded RNG agreement.

Over the 5-year period, the transition to RNG will further reduce Metro’s greenhouse gas (GHG) emissions significantly compared to the use of conventional natural gas, driving down Metro’s Scope 1 emissions.

Additionally, Metro has been retrofitting and replacing its buses with the Cummins-Westport Low NOx CNG engines that reduce smog-forming NOx to 90% lower than the EPA NOx limit.

Clean Energy’s RNG is derived from capturing the biogenic methane produced by the decomposition of organic waste from dairies, landfills, and wastewater treatment plants. RNG reduces climate-harming greenhouse gas emissions by at least 70 percent, and even up to 300 percent depending on the source of the RNG, making it a negative carbon fuel.

“Metro continues to lead public transportation as one of the cleanest fleets in the US, with nearly 22 million gallons of RNG delivered to Metro since 2017,” said Clean Energy Renewables Senior Vice President, Nate Jensen. “With this additional commitment to fuel with Clean Energy’s RNG, Metro is accelerating its path to net zero carbon emissions through RNG and other alternative fuels.”

About Clean Energy

Clean Energy Fuels Corp. is North America’s leading provider of the cleanest fuel for the transportation market. Through its sales of renewable natural gas (RNG), which is derived from capturing biogenic methane produced from decomposing organic waste, Clean Energy allows thousands of vehicle fleets, from airport shuttles to city buses to waste and heavy-duty trucks, to reduce their amount of climate-harming greenhouse gas by at least 70% and even up to 300% depending on the source of the RNG. Clean Energy can deliver RNG through compressed natural gas (CNG) and liquified natural gas (LNG) to its network of approximately 540 fueling stations across the U.S. and Canada. Clean Energy builds and operates CNG and LNG fueling stations for the transportation market, owns natural gas liquefication facilities in California and Texas, and transports bulk CNG and LNG to non-transportation customers around the U.S. For more information, visit www.CleanEnergyFuels.com.

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks, uncertainties, and assumptions, including without limitation statements about amounts of RNG expected to be consumed and the benefits of RNG. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements. The forward-looking statements made herein speak only as of the date of this press release and, unless otherwise required by law, Clean Energy undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. Additionally, the reports and other documents Clean Energy files with the SEC (available at www.sec.gov) contain risk factors, which may cause actual results to differ materially from the forward-looking statements contained in this news release.

Clean Energy Contact:
Raleigh Gerber
949-437-1397
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Investor Contact:
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Upgrades made to the Center total over $1 million and allowed the City of Brockton to reopen [the Center] as a COVID-19 testing and vaccination center

BROCKTON, Mass.--(BUSINESS WIRE)--#brocktonma--Ameresco, Inc., (NYSE: AMRC), a leading energy efficiency and renewable energy company, today announced the completion of a building renovation project it completed for the Shaw’s Center in Brockton, Massachusetts. The upgrades to the facility allowed the Shaw’s Center to re-open as a COVID-19 testing and vaccination center for the Brockton Neighborhood Health Center (BNHC). Prior to the renovations, the BNHC conducted its testing out of trailers in the parking lot of Campanelli Stadium.

The Shaw’s Center has undergone extensive facility improvements, with the total value of upgrades made to the center exceeding $1 million. Enhancements made to the facility include the installation of a new roof, replacement of seven rooftop units and two air-handling units, lighting retrofits, improved insulation, transformer replacements and other miscellaneous building upgrades. Due to an escalation in COVID-19 cases, facility renovations were completed under a compressed project schedule, which involved extraordinary collaboration between Ameresco, its subcontractors, and City of Brockton officials as the team rallied to install upgrades to secure a safe testing location.

“Our team has worked diligently to see this renovation project to completion in accordance with its accelerated schedule. We worked closely with the City of Brockton to ensure that we partnered with local Brockton and regional contractors, whenever possible, to keep project investments close to home,” said David J. Anderson, executive vice president and director of Ameresco. “It’s extremely gratifying to know that our solutions can benefit cities like Brockton as they navigate the challenges of the ongoing pandemic to offer greater support to its community.”

The renovations to the testing site are a part of the state’s “Stop the Spread” campaign, which is designed to provide free and accessible testing to everyone in Massachusetts. Funding for the project was provided to the City of Brockton through the CARES Act.

"The renovations made to the Shaw's Center hold immense importance for us and our community as we continue to combat the effects of the COVID 19 pandemic. These renovations will enable us to get more of our residents screened, tested, and vaccinated," said Mayor Robert F. Sullivan. "We are so thankful to the team at Ameresco for their professionalism, dedication, and willingness to aid us in this monumental and long-overdue renovation. This project to bring the Shaw's Center back to life was a pledge that I made during my inauguration speech and this endeavor is moving us towards the full achievement of that goal."

The Shaw’s Center officially reopened on Wednesday, February 3, 2021.

To learn more about the energy efficiency solutions offered by Ameresco, visit www.ameresco.com/energy-efficiency/.

About Ameresco, Inc.

Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading independent provider of comprehensive services, energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include upgrades to a facility’s energy infrastructure and the development, construction and operation of renewable energy plants. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.

About the City of Brockton, MA

Brockton is located in Plymouth County, Massachusetts and has a Mayor-Council form of government. The city prides itself on its diversity of cultures and is home to approximately 100,000 residents. Present day Brockton was first settled in the 17th century and was originally known as North Bridgewater – a geographic area that is today comprised of the communities of Brockton, West Bridgewater, East Bridgewater, and Bridgewater. Brockton became a city in 1881. Farms gave way to factories, and Brockton became an epicenter of the shoe and textile industries, earning the name “Shoe City.” At the dawn of the 20th century, the city had a population of 40,000; and more than 6,000 people were employed in over 100 separate shoe manufacturing entities. For more information, visit https://brockton.ma.us/.

The announcement of a customer’s entry into, or completion of, a project contract is not necessarily indicative of the timing or amount of revenue from such contract, of the company’s overall revenue for any particular period or of trends in the company’s overall total construction backlog. This project was reported in our previously reported awarded backlog as of September 30, 2020.

Media Contact:
Ameresco: Leila Dillon, 508-661-2264, This email address is being protected from spambots. You need JavaScript enabled to view it.

All amounts expressed are in U.S. dollars, denominated by “$”

TORONTO--(BUSINESS WIRE)--$LGO #VRFBs--Largo Resources Ltd. ("Largo" or the "Company") (TSX: LGO) (OTCQX: LGORF) is pleased to announce that it has prepaid in full all of its outstanding credit facilities in Brazil that were scheduled to mature on March 12 and March 18, 2021, respectively.

The Company completed the prepayment of $24.8 million in aggregate principal amount between the dates of January 29 and February 3, 2021, plus accrued and unpaid interest and all exit fees which were paid at a lower rate than the scheduled interest payable to the end of the maturity dates.

Paulo Misk, President and Chief Executive Officer of Largo, stated: “Largo’s financial position remains strong following the full repayment of the Company’s outstanding credit facilities. After a successful transition year in 2020, which included bringing sales and trading in-house whilst navigating the impacts of the global COVID-19 pandemic, Largo has built up its working capital position to a normalized level and the Company accordingly deemed the credit facilities surplus to its liquidity needs. The Company is now debt-free and we look forward to advancing our strategic growth initiatives with Largo Clean Energy in addition to further fortifying our position as the industry leading source of high-quality vanadium with our VPURE™ and VPURE+™ products.” He continued: “We expect 2021 to be an exceptional year for the Company as we look to deliver on our increased annual production and sales targets. Additionally, vanadium prices continue to strengthen in all main markets on the back of robust demand and low inventories. We also believe that the fast-growing renewable energy storage market is expected to significantly drive additional demand growth of vanadium redox flow batteries in the years to come.”

About Largo Resources

Largo Resources is an industry preferred producer and supplier of high-quality vanadium. Largo can service multiple vanadium market applications through the supply of its unrivaled VPURE™ and VPURE+™ products, which are sourced from one of the world’s highest-grade vanadium deposits at the Company’s Maracás Menchen Mine located in Brazil. Largo is also focused on the advancement of renewable energy storage solutions through Largo Clean Energy and its world-class VCHARGE± vanadium redox flow battery technology. The Company's common shares are listed on the Toronto Stock Exchange under the symbol "LGO".

For more information on Largo and VPURE™, please visit www.largoresources.com and www.largoVPURE.com.

For additional information on Largo Clean Energy, please visit www.largocleanenergy.com.

Neither the Toronto Stock Exchange (nor its regulatory service provider) accepts responsibility for the adequacy or accuracy of this press release.

Forward-looking Information:

This press release contains forward-looking information under Canadian securities legislation, some of which may be considered "financial outlook" for the purposes of application Canadian securities legislation ("forward-looking statements"). Forward-looking information in this press release includes, but is not limited to, statements with respect to the timing and amount of estimated future production and sales; costs of future activities and operations; the extent of capital and operating expenditures; and the extent and overall impact of the COVID-19 pandemic in Brazil and globally. Forward-looking information in this press release also includes, but is not limited to, statements with respect to our ability to build, finance and operate a VRFB business, our ability to protect and develop our technology, our ability to maintain our IP, our ability to market and sell our VCHARGE± battery system on specification and at a competitive price, our ability to secure the required production resources to build our VCHARGE± battery system, and the adoption of VRFB technology generally in the market. Forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". All information contained in this news release, other than statements of current and historical fact, is forward looking information. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Largo or Largo Clean Energy to be materially different from those expressed or implied by such forward-looking statements, including but not limited to those risks described in the annual information form of Largo and in its public documents filed on SEDAR from time to time. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Although management of Largo has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Largo does not undertake to update any forward-looking statements, except in accordance with applicable securities laws. Readers should also review the risks and uncertainties sections of Largo's annual and interim MD&As which also apply.

Investor Relations:
Alex Guthrie
Senior Manager, External Relations
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Tel: +1 416-861-9797

Media Enquiries:
Crystal Quast
Bullseye Corporate
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Tel: +1 647-529-6364

HOUSTON--(BUSINESS WIRE)--ECA MARCELLUS TRUST I (OTC Pink: ECTM) announced today that the Trust’s distribution for the quarter ended December 31, 2020 will be $0.009 per unit, which is expected to be distributed on or before February 26, 2021 to holders of record as of the close of business on February 23, 2021.

As previously disclosed, commencing with the distribution to unitholders paid in the first quarter of 2019, the Trustee has withheld, and in the future intends to withhold, the greater of $90,000 or 10% of the funds otherwise available for distribution each quarter to gradually build a cash reserve of approximately $1,800,000. This cash is reserved to pay or provide for the payment of future known, anticipated or contingent expenses or liabilities of the Trust. The Trustee may increase or decrease the targeted amount at any time, and may increase or decrease the rate at which it is withholding funds to build the cash reserve at any time, without advance notice to the unitholders. Cash held in reserve will be invested as required by the trust agreement. Any cash reserved in excess of the amount necessary to pay or provide for the payment of future known, anticipated or contingent expenses or liabilities of the Trust eventually will be distributed to unitholders, together with interest earned on the funds. The Trustee has elected to withhold approximately $160,500 from funds otherwise available for distribution this quarter, as the Trustee had been unable to withhold sufficient funds toward the building of its targeted cash reserve over previous quarters because Trust expenses exceeded net revenues to the Trust for each of the quarters ended March 31, 2020 and June 30, 2020. As a result of the withholding for this quarter and the prior quarter, the Trustee was able to increase the cash reserve by the full $360,000 planned for the four quarters ended December 31, 2020.

The Trust was formed to own royalty interests in natural gas properties now held by Greylock Energy LLC, and certain of its wholly owned subsidiaries (“Greylock”) in the Marcellus Shale formation in Greene County, Pennsylvania. The Trust is entitled to receive certain amounts of the proceeds attributable to Greylock’s interest in the sale of production from the properties. As described in the Trust's filings, the amount of the quarterly distributions is expected to fluctuate from quarter to quarter, depending on the proceeds received by the Trust as a result of production and natural gas prices and the amount of the Trust's administrative expenses, among other factors. The amount of proceeds received or expected to be received by the Trust (and its ability to pay distributions) has been and will continue to be directly affected by the volatility in commodity prices, which have declined since the beginning of 2020 primarily attributable to the economic effects of the COVID-19 pandemic and could remain low for an extended period of time. Continued low natural gas prices will reduce proceeds to which the Trust is entitled, which will reduce the amount of cash available for distribution to unitholders and in certain periods could result in no distributions to unitholders.

Pursuant to IRC Section 1446, withholding tax on income effectively connected to a United States trade or business allocated to non-U.S. persons (“ECI”) should be made at the highest marginal rate. Under Section 1441, withholding tax on fixed, determinable, annual, periodic income from United States sources allocated to non-U.S. persons should be made at 30% of gross income unless the rate is reduced by treaty. This release is intended to be a qualified notice to nominees and brokers as provided for under Treasury Regulation Section 1.1446-4(b) by ECA Marcellus Trust I, and while specific relief is not specified for Section 1441 income, this disclosure is intended to suffice. For distributions made to non-U.S. persons, nominees and brokers should withhold at the highest effective tax rate.

This press release contains statements that are "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 contained in this press release, other than statements of historical facts, are "forward-looking statements" for purposes of these provisions. These forward-looking statements include the amount and date of any anticipated distribution to unit holders. The anticipated distribution is based, in part, on the amount of cash received or expected to be received by the Trust from Greylock with respect to the relevant quarterly period. Any differences in actual cash receipts by the Trust could affect this distributable amount. Other important factors that could cause actual results to differ materially include expenses of the Trust and reserves for anticipated future expenses and the effect, impact, potential duration or other implications of the COVID-19 pandemic. Statements made in this press release are qualified by the cautionary statements made in this press release. Neither Greylock nor the Trustee intends, and neither assumes any obligation, to update any of the statements included in this press release. An investment in Common Units issued by ECA Marcellus Trust I is subject to the risks described in the Trust's Annual Report on Form 10-K for the year ended December 31, 2019, and all of its other filings with the Securities and Exchange Commission. The Trust's annual, quarterly and other filed reports are or will be available over the Internet at the SEC's web site at http://www.sec.gov.

ECA Marcellus Trust I
The Bank of New York Mellon Trust Company, N.A., as Trustee
Sarah Newell
1(512) 236-6555

Anchor Field Deepwater Development; Pipeline Emissions Reduction

LOUISVILLE, Ky.--(BUSINESS WIRE)--$SYPR--Sypris Technologies, Inc., a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced today that it has recently received orders for its Tube Turns® D-bolt and Tool-less® specialty closures for use in high-pressure oil and gas applications, including the Anchor Field development project in the Gulf of Mexico and the planned upgrade of a natural gas pipeline system in North America. Production for both awards will begin immediately and are expected to be completed prior to year-end. Terms of the purchases were not disclosed.

The Anchor Field development project is located in the Green Canyon area, approximately 140 miles off the coast of Louisiana in the Gulf of Mexico in water depths of up to 5,000 feet. The initial development of the project will require an investment of approximately $5.7 billion. Stage 1 of the Anchor Field development consists of a seven-well subsea development and semi-submersible floating production unit. First oil is anticipated in 2024.

According to news sources, this will be the first-ever, high-pressure development in the deepwater gulf. The planned facility has a design capacity of 75,000 barrels of crude oil and 28 million cubic feet of natural gas per day. Sypris will provide specialty, high-pressure Tube Turns® D-bolt closures that are rated up to 4,885 psi and use Inconel Alloy 625, a nickel-based superalloy that possesses high strength properties and resistance to elevated temperatures.

The Company also received an award to supply the closures for a multiple compressor system upgrade on a natural gas transmission pipeline system located in North America. The project is part of an EPA program to reduce emissions from aging equipment to help reduce the negative impact on the ozone layer. Sypris will supply specialty Tube Turns® Tool-less® closures that are 72” in diameter, weigh 11.25 tons each and are rated to a pressure of 1,200 psi.

Brett Keener, General Manager of Sypris Technologies, commented, "Sypris continues to be a leader in supplying engineered products to support major energy projects around the globe. We are able to meet the demanding requirements of these type of projects by leveraging our extensive experience in engineering and manufacturing high-quality products. We are proud to be a part of enhancing energy infrastructure and contributing to environmental protection."

Sypris Technologies, Inc. is a global leader in the manufacture of custom engineered closures for high-pressure, critical applications serving the oil and gas pipeline infrastructure, hydrocarbon and petrochemical processing, and utility industry since 1927. Headquartered in Louisville, Kentucky, the Company's products are used worldwide, and can be found in projects ranging from the Trans-Alaska Pipeline and Strategic Petroleum Reserve in the U.S. to the Tengiz Oil Field in Kazakhstan and the Bonny Island Gas Field in Nigeria. For more information about the Company, visit its Web site at www.sypris.com.

Forward Looking Statements

This press release contains “forward-looking” statements within the meaning of the federal securities laws. Forward-looking statements include our plans and expectations of future financial and operational performance. Such statements may relate to projections of the company’s revenue, earnings, and other financial and operational measures, our liquidity, our ability to mitigate or manage disruptions posed by COVID-19, and the impact of COVID-19 and economic conditions on our future operations, among other matters.

Each forward-looking statement herein is subject to risks and uncertainties, as detailed in our most recent Form 10-K and Form 10-Q and other SEC filings.

Briefly, we currently believe that such risks also include the following: the impact of COVID-19 and economic conditions on our future operations; possible public policy response to the pandemic, including legislation or restrictions that may impact our operations or supply chain; our failure to successfully complete final contract negotiations with regard to our announced contract “orders”, “wins” or “awards”; our failure to achieve additional orders for existing projects; our failure to achieve and maintain profitability on a timely basis by steadily increasing our revenues from profitable contracts with a diversified group of customers, which would cause us to continue to use existing cash resources or other assets to fund operating losses; dependence on, retention or recruitment of key employees and distribution of our human capital; the cost, quality, timeliness, efficiency and yield of our operations and capital investments, including the impact of tariffs, product recalls or related liabilities, employee training, working capital, production schedules, cycle times, scrap rates, injuries, wages, overtime costs, freight or expediting costs; disputes or litigation involving governmental, supplier, customer, employee, creditor, product liability or environmental claims; our inability to develop new or improved products or new markets for our products; cost, quality and availability of raw materials such as steel, component parts, natural gas or utilities; our reliance on a few key customers, third party vendors and sub-suppliers; unanticipated or uninsured disasters, public health crises, losses or business risks; unanticipated or uninsured product liability claims; volatility of our customers’ forecasts, scheduling demands and production levels which negatively impact our operational capacity and our effectiveness to integrate new customers or suppliers, and in turn cause increases in our inventory and working capital levels; our inability to patent or otherwise protect our inventions or other intellectual property from potential competitors; adverse impacts of new technologies or other competitive pressures which increase our costs or erode our margins; legal rights to operate, manage our work force or import and export as needed; inaccurate data about markets, customers or business conditions; or unknown risks and uncertainties. We undertake no obligation to update our forward-looking statements, except as may be required by law.

Brett H. Keener
General Manager
(502) 774-6271

LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Regulatory News:

TechnipFMC (NYSE:FTI) (PARIS:FTI) (ISIN:GB00BDSFG982) will issue its fourth quarter 2020 earnings release after the close of the New York Stock Exchange on Wednesday, February 24, 2021. The Company will also host its fourth quarter 2020 earnings release teleconference on Thursday, February 25, 2021, at 1 p.m. London time (8 a.m. New York time).

To participate in the conference call, you may call any of the following telephone numbers approximately 10 minutes prior to the scheduled start time:

France: +33 (0) 1 70 80 71 53
United Kingdom: +44 (0) 203 107 0289
United States: +1 844 304 0775
International (Other): +1 970 297 2369
Callers should reference Conference ID 1827659.

The event will be webcast simultaneously and can be accessed at https://edge.media-server.com/mmc/p/85eot37i.

Those interested in listening to the webcast should register on the website at least 10 minutes before the call begins.

An audio replay of the call will be available online at approximately 8 p.m. London time (3 p.m. New York time) on February 25, 2021.

About TechnipFMC

TechnipFMC is a global leader in the energy industry, delivering projects, products, technologies and services. With our proprietary technologies and production systems, integrated expertise, and comprehensive solutions, we are transforming our customers’ project economics.

Organized in three business segments — Subsea, Surface Technologies and Technip Energies — we are uniquely positioned to deliver greater efficiency across project lifecycles from concept to project delivery and beyond. Through innovative technologies and improved efficiencies, our offering unlocks new possibilities for our customers in developing their energy resources and in their positioning to meet the energy transition challenge.

Each of our approximately 36,000 employees is driven by a steady commitment to clients and a culture of project execution, purposeful innovation, challenging industry conventions, and rethinking how the best results are achieved.

TechnipFMC utilizes its website www.TechnipFMC.com as a channel of distribution of material company information. To learn more about us and how we are enhancing the performance of the world’s energy industry, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC. 

Investor relations
Matt Seinsheimer
Vice President Investor Relations
+1 281 260 3665
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Phillip Lindsay
Director Investor Relations (Europe)
+44 (0) 20 3429 3929
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Media relations
Christophe Bélorgeot
Senior Vice President Corporate Engagement
+33 1 47 78 39 92
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Brooke Robertson
Public Relations Director
+1 281 591 4108
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HOUSTON--(BUSINESS WIRE)--Noble Midstream Partners LP (NASDAQ: NBLX) (“Noble Midstream” or the “Partnership”) announced the Partnership has received a non-binding proposal (the “Proposal”) from Chevron Corporation (“Chevron”) to acquire all of the publicly held common units representing limited partner interests in the Partnership not already owned by Chevron and its affiliates.

The Board of Directors of Noble Midstream GP LLC (the “General Partner”), the general partner of Noble Midstream, has delegated authority to its conflicts committee to negotiate the terms of the proposed transaction on behalf of the unaffiliated Noble Midstream unitholders, as is customary in similar transactions. The Proposal is subject to the negotiation and execution of a definitive agreement, as well as approval by the Board of Directors of the General Partner. There is no assurance that any such approvals will be forthcoming, that such definitive agreement will be executed, or that any transaction will be consummated.

About Noble Midstream

Noble Midstream is a master limited partnership originally formed by Noble Energy, Inc. and majority-owned by Chevron Corporation to own, operate, develop and acquire domestic midstream infrastructure assets. Noble Midstream currently provides crude oil, natural gas, and water-related midstream services and owns equity interests in oil pipelines in the DJ Basin in Colorado and the Delaware Basin in Texas. Noble Midstream strives to be the midstream provider and partner of choice for its safe operations, reliability, and strong relationships while enhancing value for all stakeholders. For more information, please visit www.nblmidstream.com.

Cautionary Statements

This news release contains certain “forward-looking statements” within the meaning of federal securities law. Words such as “anticipates”, “believes”, “expects”, “intends”, “will”, “should”, “may”, “estimates”, “strategy”, “objective” and similar expressions may be used to identify forward-looking statements. Forward-looking statements are not statements of historical fact and reflect the Partnership’s current views about future events. No assurances can be given that the forward-looking statements contained in this news release will occur as projected, and actual results may differ materially from those projected. Forward-looking statements are based on current expectations, estimates and assumptions that involve a number of risks and uncertainties that could cause actual results to differ materially from those projected. Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are the negotiation and execution, and the terms and conditions, of a definitive agreement relating to the Proposal and the ability of the Partnership or Chevron to enter into or consummate such an agreement. For further discussion of risks and uncertainties, you should refer to those described under “Risk Factors” and “Forward-Looking Statements” in the Partnership’s most recent Annual Report on Form 10-K and in other reports we file with the Securities and Exchange Commission (“SEC”). These reports are also available from the Partnership’s office or website, www.nblmidstream.com. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made. Noble Midstream does not assume any obligation to update forward-looking statements should circumstances, management’s estimates, or opinions change.

No Offer or Solicitation

This press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities pursuant to the transaction or otherwise, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Additional Information and Where You Can Find It

In connection with the proposal that Chevron made for a business combination transaction with Noble Midstream, subject to further developments and if a transaction is agreed, Chevron and Noble Midstream may file one or more registration statements, information statements, consent solicitation statements, proxy statements, prospectuses, or other documents with the SEC. INVESTORS AND SECURITYHOLDERS OF CHEVRON AND NOBLE MIDSTREAM ARE ADVISED TO CAREFULLY READ ANY REGISTRATION STATEMENT, INFORMATION STAEMENT, CONSENT SOLICITATION STATEMENT, PROXY STATEMENT, PROSPECTUS, OR OTHER DOCUMENT (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS THERETO) IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TRANSACTION, THE PARTIES TO THE TRANSACTION AND THE RISKS ASSOCIATED WITH THE TRANSACTION. Any definitive information statement, consent solicitation statement, or proxy statement, if any when available, will be sent to securityholders of Noble Midstream in connection with any solicitation of proxies or consents of Noble Midstream unitholders relating to the proposed transaction. Investors and securityholders may obtain a free copy of such documents and other relevant documents (if and when available) filed by Chevron or Noble Midstream with the SEC from the SEC’s website at www.sec.gov. Securityholders and other interested parties will also be able to obtain, without charge, a copy of such documents and other relevant documents (if and when available) from Chevron’s website at www.chevron.com under the “Investors” tab under the heading “SEC Filings” or from Noble Midstream’s website at www.nblmidstream.com under the “Investors” tab and the “SEC Filings” sub-tab.

Participants in the Solicitation

Chevron, Noble Midstream and their respective directors, executive officers and certain other members of management may be deemed to be participants in the solicitation of proxies and consents in respect of the transaction. Information about these persons is set forth in Chevron’s proxy statement relating to its 2020 Annual Meeting of Stockholders, which was filed with the SEC on April 7, 2020, and Noble Midstream’s Annual Report on Form 10-K for the year ended December 31, 2019, which was filed with the SEC on February 12, 2020, and subsequent statements of changes in beneficial ownership on file with the SEC. Securityholders and investors may obtain additional information regarding the interests of such persons, which may be different than those of the respective companies’ securityholders generally, by reading the consent solicitation statement prospectus statement, or other relevant documents regarding the transaction (if and when available), which may be filed with the SEC.

Park Carrere
Investor Relations
(281) 872-3208
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DENVER--(BUSINESS WIRE)--Liberty Oilfield Services Inc. (NYSE: LBRT; “Liberty” or the “Company”) announced today the commencement of an underwritten public offering of an aggregate of 8,700,000 shares of its Class A common stock by R/C Energy IV Direct Partnership, L.P. and R/C IV Liberty Holdings, L.P. (collectively, the “Selling Stockholders”). Liberty will not sell any shares of Class A common stock in the offering and will not receive any proceeds therefrom. The Selling Stockholders have granted the underwriter a 30-day option to purchase up to an additional 1,305,000 shares of Class A common stock.

Morgan Stanley is acting as the underwriter for the offering.

The offering of these securities will be made only by means of a prospectus supplement. When available, a copy of the prospectus supplement and the accompanying base prospectuses may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.

The offering is being made pursuant to an effective shelf registration statement and prospectuses filed by Liberty with the Securities and Exchange Commission (the “SEC”). This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful without registration or qualification under the securities laws of any such state or jurisdiction.

About Liberty

Liberty is a leading North American oilfield 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.

Forward-Looking and Cautionary Statements

The information above 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, are forward-looking statements. These forward-looking statements are identified by their use of terms and phrases such as “may,” “expect,” “estimate,” “project,” “plan,” “believe,” “intend,” “achievable,” “anticipate,” “will,” “continue,” “potential,” “should,” “could,” and similar terms and phrases. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties. These forward-looking statements represent our expectations or beliefs concerning future events, and it is possible that the results described in this release will not be achieved. These forward-looking statements are subject to certain risks, uncertainties and assumptions identified above or as disclosed from time to time in Liberty's filings with the SEC. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements.

Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, we do 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 us to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in “Item 1A. Risk Factors” included in our Annual Report on Form 10-K for the year ended December 31, 2019, as filed with the SEC on February 27, 2020 and Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2020, June 30, 2020 and September 30, 2020 and in our other public filings with the SEC. These and other factors could cause our actual results to differ materially from those contained in any forward-looking statements.

Michael Stock
Chief Financial Officer
303-515-2851
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MINNEAPOLIS--(BUSINESS WIRE)--C.H. Robinson (Nasdaq: CHRW) today announced that the company will present at the Stifel 2021 Virtual Transportation & Logistics Conference on Tuesday, February 9, 2021, at 3:20 p.m. ET and at the Citi 2021 Global Industrials Virtual Conference on Tuesday, February 16, 2021 at 2:40 p.m. ET.

The fireside chat discussions will be accessible live on the Investors section of the company’s website at www.chrobinson.com. A replay of the webcasts will be available for two months following the live webcasts.

About C.H. Robinson

C.H. Robinson solves logistics problems for companies across the globe and across industries, from the simple to the most complex. With $21 billion in freight under management and 19 million shipments annually, we are one of the world’s largest logistics platforms. Our global suite of services accelerates trade to seamlessly deliver the products and goods that drive the world’s economy. With the combination of our multimodal transportation management system and expertise, we use our information advantage to deliver smarter solutions for our more than 105,000 customers and 73,000 contract carriers. Our technology is built by and for supply chain experts to bring faster, more meaningful improvements to our customers’ businesses. As a responsible global citizen, we are also proud to contribute millions of dollars to support causes that matter to our company, our Foundation and our employees. For more information, visit us at www.chrobinson.com (Nasdaq: CHRW).

Source: C.H. Robinson

CHRW-IR

Chuck Ives, Director of Investor Relations
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HOUSTON--(BUSINESS WIRE)--Whiting USA Trust II (the “Trust”) (OTC: WHZT) announced today that it determined there will be no distribution made to unitholders of record on February 19, 2021. This is due to the net profits interest generating a net loss of $0.2 million during the fourth quarterly payment period, which increases the net profits interest cumulative net cash losses during 2020 from $0.2 million to $0.4 million.

Sales volumes, net profits and selected performance metrics for the quarterly payment period (mainly affected by October 2020 through December 2020 oil prices and September 2020 through November 2020 gas prices) were:

The Trust’s NPI, which is the only asset of the Trust other than cash reserves held for future Trust expenses, represents the right to receive 90% of the net proceeds from Whiting’s interests in certain existing oil and natural gas properties located primarily in the Rocky Mountains, Permian Basin, Gulf Coast and Mid-Continent regions of the United States until the NPI terminates.

Status of the Trust

Oil and natural gas prices declined sharply during the first half of 2020. As a result of the decline in commodity prices, the net profits interest generated a net loss during the second quarterly payment period of 2020. While prices began to recover in the third quarterly payment period of 2020, the Trust did not fully recover the net loss generated in the second quarterly payment period of 2020. Prices have continued to recover slightly during the fourth quarterly payment period of 2020, however, the corresponding increase in proceeds was offset by increased lease operating expenses during this same period, which increased the net profits interest cumulative net cash losses to $0.4 million. All accumulated net losses, plus accrued interest, must be repaid to Whiting before any further distributions will be made to Trust unitholders. The Trust is unable to predict future commodity prices or future performance and uncertainties related to demand for oil and natural gas products remain as the COVID-19 pandemic continues to impact the world economy. Lower oil, NGL and natural gas prices could negatively impact future performance of the underlying properties, resulting in reduced or no net proceeds to which the Trust is entitled prior to the termination of the NPI as discussed below, which could materially reduce or completely eliminate the amount of cash available for distribution to Trust unitholders.

Trust Termination

The NPI is required to terminate on the later to occur of (1) December 31, 2021, or (2) the time when 11.79 MMBOE (10.61 MMBOE to the 90% net profits interest) have been produced from the underlying properties and sold. During October 2020, the minimum amount of production (11.79 MMBOE) applicable to the NPI was produced from the underlying properties and sold (which amount is the equivalent of 10.61 MMBOE in respect of the Trust’s right to receive 90% of the net proceeds from such reserves pursuant to the NPI). Consequently, the NPI will terminate on December 31, 2021. The Trust will wind up its affairs and terminate after the NPI termination date or sale of the NPI and, after the termination of the Trust, it will pay no further distributions.

The market price of the Trust units will decline to zero at the termination of the Trust, which will occur after the termination or sale of the net profits interest. As described in the Trust’s public filings, since the assets of the Trust are depleting assets, a portion of each cash distribution paid on the Trust units, if any, should be considered by investors as a return of capital, with the remainder being considered as a return on investment.

Forward-Looking Statements

This press release contains forward-looking statements, including all statements made in this press release other than statements of historical fact. No assurances can be given that such statements will prove to be correct. The estimated time when the market price of the Trust units should decline to zero is based on the economic rights of the Trust units. The trading price of the Trust units is affected by factors outside of the control of the Trust or Whiting, including actions of market participants, among others. Other important factors that could cause actual results to differ materially include expenses of the Trust, fluctuations in oil and natural gas prices, the effect, impact, potential duration or other implications of the COVID-19 pandemic, or any government response to such pandemic, actions of the Organization of Petroleum Exporting Countries, uncertainty of estimates of oil and natural gas reserves and production, uncertainty as to the timing of any such production, risks inherent in the operation, production and development of oil and gas, future production and development costs and other risks described in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2019, its Quarterly Report on Form 10-Q for the period ended September 30, 2020 and in its other filings with the Securities and Exchange Commission (the “SEC”). The Trust’s annual, quarterly and other reports filed under the Securities Exchange Act of 1934, as amended, are available electronically from the website maintained by the SEC at http://www.sec.gov. Statements made in this press release are qualified by the cautionary statements made in this press release. The Trustee does not intend, and assumes no obligation, to update any of the statements included in this press release.

Whiting USA Trust II
The Bank of New York Mellon Trust Company, N.A., as Trustee
Sarah Newell
(512) 236-6555
http://whzt.q4web.com/

FORT WORTH, Texas--(BUSINESS WIRE)--Vortus Investment Advisors, LLC (“Vortus”), a Fort Worth, Texas-based private equity firm focused on lower to middle market upstream investments across North America, today announced the promotions of Brian Hansen to Partner; Frank Lamsens to Chief Operating Officer; and Ross Cunningham to Director of Finance.

“We are pleased to recognize the quality of our team with these promotions and the valuable contributions of Brian, Frank, and Ross to the success of Vortus and our portfolio companies,” said Jeffrey Miller and Brian Crumley, Managing Partners of Vortus. “Each of these individuals have demonstrated a strong work ethic, invaluable expertise, and the ability to execute on key strategic goals, which is why we are excited about the impact from their increased leadership as we continue to grow.”

Mr. Hansen joined Vortus in 2014, serving most recently as Principal. He has been responsible for various stages of the investment lifecycle, including sourcing, structuring, transactional due diligence, and monitoring and management. He serves on the board of directors of several companies within the Vortus portfolio. Prior to Vortus, Mr. Hansen held a broad range of managerial, operational and financial responsibilities with Pioneer Natural Resources, a large independent oil and gas producer. He received an MBA from Southern Methodist University and graduated cum laude with a Bachelor of Science in petroleum engineering from Texas A&M University.

Mr. Lamsens joined Vortus in 2014, serving in dual roles as Chief Financial Officer and Chief Compliance Officer. Previously, he worked in various corporate finance, accounting and investor relations roles at TPG (formerly Texas Pacific Group) and as a Manager in the Chicago audit group of KPMG. Mr. Lamsens holds a Master’s in Accounting from The University of Notre Dame and graduated with a Bachelor of Business Administration in finance and accounting from Texas Christian University. He is a Certified Public Accountant.

Mr. Cunningham joined Vortus in 2018. Previously he worked for TPG, where he served in various accounting and operations roles, including Senior Manager, overseeing all accounting and finance aspects of the Biotechnology funds and facilitating investment activity for the flagship TPG Capital funds. He started his career in the Denver audit practice of KPMG. Mr. Cunningham holds a Bachelor of Arts and Master’s in accounting from Texas Tech University and is a Certified Public Accountant.

About Vortus Investment Advisors, LLC
Vortus Investment Advisors, LLC is a Fort Worth-based private equity firm focused on the lower middle market upstream energy industry in North America. Vortus has an asset-based investment strategy, targeting privately negotiated transactions in the lower to middle market requiring approximately $25 million to $100 million of equity capital in partnership with successful owner/operators. For additional information, please visit www.vortus.com.

Meggan Morrison
Redbird Communications Group
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HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (“Murphy Oil” or the “company”) (NYSE: MUR) today announced several compensation decisions, including changes to the compensation of the company’s executives and to the director compensation program for 2021. The changes for 2021 are part of a multi-year review process, driven by changes in the company’s asset portfolio, evolving industry practices and shareholder feedback. We believe the changes we have made serve to better align the compensation of our executives and directors with the interests of our shareholders, and support our focus on cash flow generation, capital returns and environmental stewardship.

Key Changes for 2021

• The salary for our chief executive officer (CEO) will be approximately 25 percent less than his salary at the beginning of 2020 (prior to the April 2020 reductions), and the value of his 2021 equity incentive grant will be approximately 25 percent below the 2020 grant value
• Director cash compensation will be approximately 27 percent less than at the beginning of 2020 (prior to the April 2020 reductions)
• The performance metrics under the company’s Annual Incentive Plan (AIP) will be adjusted to further emphasize cash flow and climate goals by:
  • Maintaining an emphasis on capital returns
  • Adding a free cash flow metric
  • Increasing the emphasis on cost management by adding a general and administrative (G&A) expense metric, in addition to the existing lease operating expense (LOE) metric
  • Decreasing the emphasis on volume-based metrics
  • Adding a greenhouse gas (GHG) emissions reduction metric, for which aggressive goals must be achieved to earn a payout
• The company has maintained an industry-leading emphasis on performance-based equity incentives granted to our executives, with 75 percent of equity awards delivered in performance share units (PSUs) based on shareholder returns and capital returns

Executive Compensation Program

Sound corporate and compensation governance are pillars of our corporate culture at Murphy Oil. The Executive Compensation Committee of the company’s Board of Directors and the management team at Murphy Oil continually seek to improve the alignment of our compensation programs with the interests of our shareholders and with industry dynamics. Our announced changes for 2021 represent a continuation of these ongoing efforts. Over the past several years, we have implemented multiple changes to our executive compensation program that we believe position us among the leaders in of compensation evolution in the oil and natural gas industry, including:

• Providing 75 percent of “named executive officer” (NEO) equity incentive compensation in the form of performance-based awards, which is well ahead of the industry average
• Reducing the emphasis on volume-based metrics under the AIP, through a lower weighting on the production target metric and removal of the produced reserves replacement metric
• Incorporating a financial returns metric in our annual and long-term incentive plans in the form of Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) divided by average capital employed (ACE)
• Adding a cap on PSU awards so that no above-target payout can be earned if our total shareholder return performance is negative

In April 2020, in response to the impact of COVID-19 and declining commodity prices on our business, the Executive Compensation Committee approved some of the most significant executive salary and director retainer reductions in the oil and natural gas industry. Our CEO’s salary for 2020 was reduced by 35 percent, salaries for our other executives were reduced by as much as 30 percent with an average of 22 percent, director cash retainers were reduced by 35 percent and the cash retainer for our chairman was reduced by 70 percent.

For 2021, the Executive Compensation Committee decided to partially restore the salaries for our executives. However, none of our executives will have their salary fully restored to the levels in effect prior to the April 2020 reductions, with the exception of certain executives receiving increases due to promotions. Our CEO’s salary for 2021 will be approximately 25 percent lower than it was prior to the April 2020 reductions, and the salaries for our other executives, excluding those receiving salary increases due to promotions, will be approximately 8.5 percent lower on average. Director cash retainers were also adjusted for 2021, but in aggregate remain approximately 27 percent below the level they were at prior to the April 2020 reductions. These changes reflect an effort to better align pay to be competitive with a reconstituted peer group.

Going forward, the Executive Compensation Committee will continue to assess the company’s executive and director compensation programs. Potential future changes will focus on keeping the programs aligned with the interests of the company’s shareholders, the company’s compensation strategy and evolving market practices.

Environmental Stewardship

Murphy Oil is actively working to reduce our direct GHG emissions, a key risk to climate change. Through technical, operational and portfolio improvements, we have reduced our GHG emissions intensity steadily since 2015. Murphy Oil is one of the founding members of The Environmental Partnership, launched by the American Petroleum Institute in 2017, with a focus to voluntarily reduce GHG and other air emissions.

During 2020, the company made significant strides in our sustainability efforts, including:

• Establishing a further goal of reducing our GHG emissions intensity 15 percent to 20 percent by 2030 from our 2019 levels, excluding divested assets from the 2019 baseline, for an aggregate of 35 percent to 40 percent reduction from our reported 2019 levels
• Expanding our GHG, air quality, climate risk management and biodiversity management public disclosures
• Expanding the purview of our Health, Safety, Environmental and Corporate Responsibility Board Committee to include Environmental, Social and Governance (ESG) issues, and creating a director of sustainability role

For 2021, the company has added a GHG emissions reduction metric to accompany the safety and spill rate metrics in the ESG component of the AIP. Target performance for this metric will represent aggressive goals focused on continued reduction from 2020 levels, and over 30 percent from our reported 2019 levels – well ahead of our baseline plan. If achieved, based on current information and targets, we expect that achievement of target performance will place us in the top quartile for GHG emissions intensity among our oil-weighted industry.

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. The company sees a future where it is an industry leader who is positively impacting lives for the next 100 years and beyond. Additional information can be found on the company’s website at www.murphyoilcorp.com.

FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified through the inclusion of words such as “aim”, “anticipate”, “believe”, “drive”, “estimate”, “expect”, “expressed confidence”, “forecast”, “future”, “goal”, “guidance”, “intend”, “may”, “objective”, “outlook”, “plan”, “position”, “potential”, “project”, “seek”, “should”, “strategy”, “target”, “will” or variations of such words and other similar expressions. These statements, which express management’s current views concerning future events or results, are subject to inherent risks and uncertainties. Factors that could cause one or more of these future events or results not to occur as implied by any forward-looking statement include, but are not limited to: macro conditions in the oil and gas industry, including supply/demand levels, actions taken by major oil exporters and the resulting impacts on commodity prices; increased volatility or deterioration in the success rate of our exploration programs or in our ability to maintain production rates and replace reserves; reduced customer demand for our products due to environmental, regulatory, technological or other reasons; changes in environmental, energy, and other laws and requirements; 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 US 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 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.

Investor Contacts:
Kelly Whitley, This email address is being protected from spambots. You need JavaScript enabled to view it., 281-675-9107
Megan Larson, This email address is being protected from spambots. You need JavaScript enabled to view it., 281-675-9470

COLUMBIA, Md.--(BUSINESS WIRE)--GSE Systems, Inc. (“GSE Solutions” or “GSE”) (Nasdaq: GVP), a leader in delivering end-to-end training, engineering, compliance, simulation, and workforce solutions to the power industry, today announced support for the American Nuclear Society (ANS) and the 2021 Conference on Nuclear Training and Education (CONTE 2021). GSE is a sponsor of the conference, to be held virtually February 9-11, 2021, and will present industry thought leadership and advanced solutions in three sessions.

The theme of CONTE 2021 is “Learning Towards the Nuclear Industry of Tomorrow” and is centered on education and training’s role in shaping the future of the nuclear industry. GSE is an essential provider of solutions to drive decarbonization of the power sector, focused on clean, safe, and inexpensive energy to achieve environmental equity for current and future generations. This event is a great platform for educating attendees on how GSE leverages its training and simulation solutions to help operators better deliver clean energy for their customers.

GSE joins other CONTE 2021 presenters bringing ideas, innovations, and best practices that have made a difference in the last several years and will continue to benefit industry leaders going forward. GSE technical sessions include:

• Panel Discussion on Using Generic Simulators to Advance Nuclear Operations
• Future of Training: Distance Learning and Cloud-Based Delivery
• Simulation Renovation Upgrades and Innovation: Even in a pandemic

GSE staff will also be on standby in their virtual booth, answering attendee questions and holding discussions on GSE training and simulation solutions during the session breaks.

“We are looking forward to CONTE 2021 as an opportunity for the nuclear industry to come together to share best practices in training,” said Gill Grady, SVP Corporate Business Development of GSE Solutions. “The conference sessions provide a much-needed format for disseminating ideas and advice to continue learning at a time when we are all still navigating the pandemic. We look forward to the opportunity to share some of our exciting ideas and results with the industry.”

ABOUT GSE SOLUTIONS

We are the future of operational excellence in the power industry. As a collective group, GSE Solutions leverages top skills, expertise, and technology to provide highly specialized solutions that allow customers to achieve the performance they imagine. Our experts deliver and support end-to-end training, engineering, compliance, simulation, and workforce solutions that help the power industry reduce risk and optimize plant operations. GSE is proven, with over four decades of experience, more than 1,100 installations, and hundreds of customers in over 50 countries spanning the globe. www.gses.com

Media
Sunny DeMattio, GSE Solutions
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P: +1 410.970.7931

Investors
Kalle Ahl, The Equity Group
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P: +1 212.836.9614