PARIS--(BUSINESS WIRE)--Regulatory News:

Technip Energies (Paris:TE) (ISIN:NL0014559478) (the “Company”), a leading Engineering & Technology company for the Energy Transition, today announces that it has agreed to acquire €20 million equivalent of its own ordinary shares (the “Shares”) from TechnipFMC plc., concurrently with TechnipFMC’s announced sell-down of its stake in the Company through a private placement by way of an accelerated book building process. The price per Share for the Shares to be purchased by the Company from TechnipFMC is the purchase price to be announced by TechnipFMC in its separate accelerated book building process.

In acquiring the Shares, the Company is exercising its rights under the Separation and Distribution Agreement entered into with TechnipFMC on 7 January 2021, and pursuant to which the Company became an independent company on February 16, 2021.

Following the consummation of TechnipFMC’s accelerated book-building process and the acquisition of the Shares by the company, TechnipFMC’s stake in the Company will be approximately 31%.

About Technip Energies

Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO₂ management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.

Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.

Technip Energies shares are listed on Euronext Paris. In addition, Technip Energies has a Level 1 sponsored American Depositary Receipts (“ADR”) program, with its ADRs trading over-the-counter. For further information: www.technipenergies.com.

Important Information for Investors and Securityholders

Forward-Looking Statement

This release contains “forward-looking statements” as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements usually relate to future events and anticipated revenues, earnings, cash flows or other aspects of Technip Energies’ operations or operating results. Forward-looking statements are often identified by the words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could,” “may,” “estimate,” “outlook,” and similar expressions, including the negative thereof. The absence of these words, however, does not mean that the statements are not forward-looking. These forward-looking statements are based on Technip Energies’ current expectations, beliefs and assumptions concerning future developments and business conditions and their potential effect on Technip Energies. While Technip Energies believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting Technip Energies will be those that Technip Energies anticipates.

All of Technip Energies’ forward-looking statements involve risks and uncertainties (some of which are significant or beyond Technip Energies’ control) and assumptions that could cause actual results to differ materially from Technip Energies’ historical experience and Technip Energies’ present expectations or projections. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those set forth in the forward-looking statements.

For information regarding known material factors that could cause actual results to differ from projected results, please see Technip Energies’ risk factors set forth in Technip Energies’ filings with the U.S. Securities and Exchange Commission, which include amendment no. 4 to Technip Energies’ registration statement on Form F-1 filed on February 11, 2021.

Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. Technip Energies undertakes no duty to and will not necessarily update any of the forward-looking statements in light of new information or future events, except to the extent required by applicable law.

Disclaimers

This Press Release is intended for informational purposes only for the shareholders of Technip Energies. This Press Release contains information within the meaning of Article 7(1) of the EU Market Abuse Regulation. This Press Release is not intended for distribution in jurisdictions that require prior regulatory review and authorization to distribute a Press Release of this nature.

The Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, US persons, absent registration or an exemption from, or in a transaction not subject to, the registration

requirements of the Securities Act. There will be no public offer of the Shares in the United States or in any other jurisdiction. The Shares are being offered outside the United States in transactions that are not subject to the Securities Act pursuant to Regulation S under the Securities Act (“Regulation S”) to persons other than US persons (within the meaning of Regulation S) and in the United States to "qualified institutional buyers" (“QIBs”) pursuant to an exemption from, or in transactions not subject to, the registration requirements of the Securities Act.

Investor relations
Phil Lindsay
Vice-President Investor Relations
Tel: +44 203 429 3929
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Media relations
Stella Fumey
Director Press Relations & Digital Communications
Tel: +33 1 47 78 39 92
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador”) today announced that its Board of Directors declared a quarterly cash dividend of $0.025 per share of common stock payable on June 3, 2021 to shareholders of record as of May 13, 2021.

About Matador Resources Company

Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador conducts midstream operations, primarily through its midstream joint venture, San Mateo, in support of its exploration, development and production operations and provides natural gas processing, oil transportation services, natural gas, oil and produced water gathering services and produced water disposal services to third parties.

For more information, visit Matador Resources Company at www.matadorresources.com.

Mac Schmitz
Capital Markets Coordinator
(972) 371-5225
This email address is being protected from spambots. You need JavaScript enabled to view it.

LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) today announced it has received a Notice to Proceed for a significant⁽¹⁾ subsea production system contract from Santos Ltd. (ASX: STO) for the Barossa project, located 300 kilometers north of Darwin, Australia, at a water depth of approximately 130 meters.

The contract scope covers the supply of subsea trees and associated control systems, manifolds and wellheads, as well as installation and commissioning support, which will help to extend the life of the existing Darwin LNG facility.

Jonathan Landes, President Subsea at TechnipFMC, commented: “We are very pleased to have been selected as a subsea partner for the Barossa project. This important award strengthens our relationship with Santos and further demonstrates our commitment to assist in the development of the Australian energy sector.”

⁽¹⁾ For TechnipFMC, a “significant” contract ranges between $75 million and $250 million.

Note: this inbound order was included in the Company’s first quarter financial results.

Important Information for Investors and Securityholders

Forward-Looking Statement

This release contains "forward-looking statements" as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. The words “believe”, “estimated” and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. For information regarding known material factors that could cause actual results to differ from projected results, please see our risk factors set forth in our filings with the United States Securities and Exchange Commission, which include our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by law.

About TechnipFMC

TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.

With our proprietary technologies and comprehensive solutions, we are transforming our clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.

Organized in two business segments — Subsea and Surface Technologies — we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation.

Each of our approximately 20,000 employees is driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.

TechnipFMC uses its website as a channel of distribution of material company information. To learn more about how we are driving change in the industry, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC.

Investor relations
Matt Seinsheimer
Vice President Investor Relations
Tel: +1 281 260 3665
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

James Davis
Senior Manager Investor Relations
Tel: +1 281 260 3665
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Media relations
Nicola Cameron
Vice President Corporate Communications
Tel: +44 1383 742297
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Brooke Robertson
Public Relations Director
Tel: +1 281 591 4108
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

DUBLIN--(BUSINESS WIRE)--The "Global Offshore Wind Power Market (2020-2025) by Component, Depth, End Use Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Offshore Wind Power Market is estimated to be USD 38.76 Bn in 2020 and is expected to reach USD 69.38 Bn by 2025, growing at a CAGR of 12.35%.

Market Dynamics

This growth is attributed to the increasing demand for clean energy in order to cut down carbon emissions and protect the environment by generating electricity through renewable resources. Offshore wind energy form an integral part of these clean energy resources and also has a higher capacity factor compared to onshore wind.

Whereas the restraint like high capital cost and maintenance and logistics issues and opportunities like Coal and Nuclear Phase-Out and Focus on Water Conservation are also the main factors driving the growth.

Market Segmentation

• The Global Offshore Wind Power Market is segmented further based on Component, Depth, End Use and Geography.
• By Component, the market is classified into Turbine, Support Structure, Electrical Infrastructure and Others.
• By Depth, the market is classified as >0, 30 m, >30, 50 m and > 50 m.
• By End Use, the market is classified as Offshore wind providers, Government and research organization, Consulting companies in the power industry, Public and private players.
• By Geography, Americas is projected to lead the market.

Recent Developments

• In March 2020, Enercon installed a new prototype E-138 EP3 for their E2 wind turbines at the Janneby site which is situated in Schleswig-Holstein, Germany. The new prototype increased the nominal power of E2 turbines from 3.5 MW to 4.2 MW and will help the company yield an additional power of 1.5 Million kWh every year.
• In 2019, Siemens Gamesa Renewable Energy received an order to supply 8 MW offshore wind turbines to Orsted's 900 MW offshore wind farm in Taiwan.
• In April 2018, MHI Vestas Offshore Wind announced its collaboration with Ramboll, company that produced the industry's first encapsulated foundation load software tool. The collaboration helped the company to develop software tool allowing foundation designers to perform integrated load analyses independently in closed-system, version of the full turbine model used for detailed foundation load simulations.

Company Profiles

• Suzlon Group
• A2 SEA
• ABB Ltd.
• Adwen GmBH
• Alstom Energy Inc.
• Areva Wind
• China Ming Yang Wind Power Group Limited
• Clipper Wind Power
• Dong Energy A/S
• Doosan Heavy Industries and Construction Co., Ltd
• Eew Group
• Erndtebrucker Eisenwerk Gmbh & Co. Kg
• Gamesa Corporacion Technologica SA
• GE Wind Energy
• General Electric Company
• Goldwind Science and Technology Co. Ltd.
• J.J Cole Collections.
• MHI Vestas Offshore Wind A/S
• Ming Yang Smart Energy Group Limited
• Nexans S.A.
• Nordex SE
• Northland Power Inc.
• Senvion SA
• Siemens Gamesa Renewable Energy, S.A.
• Sinovel Wind Group Co. Ltd.
• Vestas Wind Systems A/S

Report Highlights

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market

Key Topics Covered:

1 Report Description

1.1 Study Objectives

1.2 Market Definition

1.3 Currency

1.4 Years Considered

1.5 Language

1.6 Key Shareholders

2 Research Methodology

2.1 Research Process

2.2 Data Collection and Validation

2.3 Market Size Estimation

2.4 Assumptions of the Study

2.5 Limitations of the Study

3 Executive Summary

4 Market Overview

4.1 Introduction

4.2 Market Dynamics

4.2.1 Drivers

4.2.1.1 Changing preference of consumers

4.2.1.2 Increase in demand for conventional sources of energy

4.2.1.3 Rise in demand for electricity consumption

4.2.2 Restraints

4.2.2.1 High Capital Cost and Maintenance and Logistics Issues

4.2.3 Opportunities

4.2.3.1 Coal and Nuclear Phase-Out

4.2.3.2 Focus on Water Conservation

4.2.4 Challenges

4.2.4.1 Growth of Distributed Energy Resources

4.3 Trends

5 Market Analysis

5.1 Porter's Five Forces Analysis

5.2 Impact of COVID-19

5.3 Ansoff Matrix Analysis

6 Global Offshore Wind Power Market, By Component

6.1 Introduction

6.2 Turbine

6.3 Support Structure

6.4 Electrical Infrastructure

6.5 Others

7 Global Offshore Wind Power Market, By Depth

7.1 Introduction

7.2 >0- 30 m

7.3 >30-50 m

7.4 > 50 m

8 Global Offshore Wind Power Market, By End User

8.1 Introduction

8.2 Offshore wind providers

8.3 Government and research organization

8.4 Consulting companies in the power industry

8.5 Public and private players

9 Global Offshore Wind Power Market, By Geography

9.1 Introduction

9.2 North America

9.2.1 US

9.2.2 Canada

9.2.3 Mexico

9.3 South America

9.3.1 Brazil

9.3.2 Argentina

9.4 Europe

9.4.1 UK

9.4.2 France

9.4.3 Germany

9.4.4 Italy

9.4.5 Spain

9.4.6 Rest of Europe

9.5 Asia-Pacific

9.5.1 China

9.5.2 Japan

9.5.3 India

9.5.4 Indonesia

9.5.5 Malaysia

9.5.6 South Korea

9.5.7 Australia

9.5.8 Russia

9.5.9 Rest of APAC

9.6 Rest of the World

9.6.1 Qatar

9.6.2 Saudi Arabia

9.6.3 South Africa

9.6.4 United Arab Emirates

9.6.5 Latin America

10 Competitive Landscape

10.1 Competitive Quadrant

10.2 Market Share Analysis

10.3 Competitive Scenario

10.3.1 Mergers & Acquisitions

10.3.2 Agreement, Collaborations, & Partnerships

10.3.3 New Product Launches & Enhancements

10.3.4 Investments & Funding

11 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/lc5ub0

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

HOUSTON--(BUSINESS WIRE)--SANDRIDGE MISSISSIPPIAN TRUST I (OTC: SDTTU) today announced a quarterly distribution for the three-month period ended March 31, 2021 (which primarily relates to production attributable to the Trust’s interests from December 1, 2020 to February 28, 2021) of approximately $0.3 million, or $0.0110 per unit. The Trust makes distributions on a quarterly basis on or about the 60th day following the completion of each quarter. The distribution is expected to occur on or before May 28, 2021 to holders of record as of the close of business on May 14, 2021.

As described in the Trust’s annual and quarterly reports filed with the Securities and Exchange Commission (the “SEC”), the trust agreement governing the Trust (the “trust agreement”) requires the Trust to dissolve and commence winding up of its business and affairs if cash available for distribution for any four consecutive quarters, on a cumulative basis, is less than $1.0 million. As cash available for distribution for the four consecutive quarters ended September 30, 2020, on a cumulative basis, totaled approximately $815,000, the Trust was required to dissolve and commence winding up beginning as of the close of business on November 13, 2020. Accordingly, the Trustee is required to sell all of the Trust’s assets, either by private sale or public auction, and distribute the net proceeds of the sale to the Trust unitholders after payment, or reasonable provision for payment, of all Trust liabilities, which is expected to include the establishment of cash reserves in such amounts as the Trustee in its discretion deems appropriate for the purpose of making reasonable provision for all claims and obligations of the Trust, including any contingent, conditional or unmatured claims and obligations, in accordance with the Delaware Statutory Trust Act. Among such contingent, conditional or unmatured claims for which the Trustee expects it will need to make provision out of the net proceeds of the sale are the Trust’s potential liabilities with respect to the securities litigation described in the Trust’s annual and quarterly reports filed with the SEC. Such a reserve could reduce or eliminate the amount of, or delay the timing of payment of, sale proceeds that may be distributed to unitholders. Additionally, the sale process will involve costs that will reduce the amounts of any distributions to unitholders during the winding up period.

As required by the trust agreement, the Trustee engaged a third-party advisor to assist with the marketing and sale of the Trust’s assets. As provided in the trust agreement, SandRidge has a right of first refusal with respect to any sale of assets to a third party, and on March 29, 2021, the Trustee provided notice to SandRidge of an offer from a third party to purchase the assets of the Trust for a purchase price of $4.85 million. On April 7, 2021, SandRidge notified the Trustee that SandRidge would exercise its right of first refusal and would purchase the assets from the Trust for the same purchase price, and on April 22, 2021, the Trust and SandRidge Exploration and Production, LLC (the “Purchaser”), a wholly owned subsidiary of SandRidge, executed a purchase and sale agreement (the “Agreement”) for the sale of all of the overriding royalty interests held by the Trust and closed the transaction, effective as of April 1, 2021. Accordingly, because the Agreement entitles the Purchaser to the revenues from the oil and natural gas production attributable to the royalty interests since April 1, 2021, the Trust will not receive any further proceeds from such production and therefore will not make any further regular quarterly cash distributions to the Trust unitholders.

As provided in the trust agreement, as SandRidge has completed the purchase of the Trust’s royalty interests, the proposed third-party purchaser is entitled to receive reimbursement from SandRidge and the Trust for such proposed third-party purchaser’s reasonable and documented expenses incurred in connection with its review and analysis of the subject properties and bid preparation, up to a maximum amount representing 5% of the sale price, with the Trust obligated to pay 50% of such reimbursement. The Trust’s share of such payment is approximately $50,000.

Under the trust agreement, the Trustee is required to distribute to the Trust unitholders in the third quarter of 2021 the net proceeds of the sale, less any amounts withheld as cash reserves in such amounts as the Trustee in its discretion deems appropriate for the purpose of making reasonable provision for all claims and obligations of the Trust, including any contingent, conditional or unmatured claims and obligations, as discussed above. However, as a result of the Trustee’s establishment of a provision for the Trust’s potential liabilities under the securities litigation described in the Trust’s annual and quarterly reports filed with the SEC, the Trustee does not expect that there will be cash available for distribution until such litigation has been resolved. The Trust units are expected to be canceled thereafter. The Trust will remain in existence until the filing of a certificate of cancellation with the Secretary of State of the State of Delaware following the completion of the winding up process.

Prior to the completion of the asset sale, the Trust owned royalty interests in oil and natural gas properties in the Mississippian formation in Alfalfa, Garfield, Grant and Woods counties in Oklahoma and was entitled to receive proceeds from the sale of production attributable to the royalty interests. All Trust unitholders share distributions on a pro rata basis.

During the three-month production period ended February 28, 2021, average oil, natural gas and natural gas liquids (“NGL”) prices increased compared to the three-month period ended November 30, 2020. Combined sales volumes slightly decreased compared to the previous period.

As previously disclosed, commencing with the distribution to unitholders paid in the first quarter of 2019, the Trustee has withheld the greater of $35,000 or 3.5% of the funds otherwise available for distribution each quarter to gradually increase cash reserves for the payment of future known, anticipated or contingent expenses or liabilities by a total of $425,000. This targeted reserve amount has been funded in full. As a result, no additional cash reserve amount was withheld from the distribution for the three-month period ended March 31, 2021. Any cash reserves remaining after the payment of all expenses and liabilities and any further additions to cash reserves as the Trustee in its discretion deems appropriate for the purpose of making reasonable provision for all claims and obligations of the Trust, including any contingent, conditional or unmatured claims and obligations, will be distributed to unitholders prior to the completion of the winding up process.

Volumes, average prices and distributable income available to unitholders for the period were (dollars in thousands, except average prices and per unit amount):

Pursuant to Internal Revenue Code 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 a 30% rate unless the rate is reduced by treaty. This is intended to be a qualified notice by SandRidge Mississippian Trust I to nominees and brokers as provided for under Treasury Regulation Section 1.1446-4(b), and while specific relief is not specified for Section 1441 income, this disclosure is intended to suffice. Nominees and brokers should withhold at the highest marginal rate on the distribution made to non-U.S. persons. The Tax Cuts and Jobs Act (the "TCJA") enacted in December 2017 treats a non-U.S. holder's gain on the sale of Trust units as ECI to the extent such holder would have had ECI if the Trust had sold all of its assets at fair market value on the date of the sale of such units. The TCJA also requires a transferee of units to withhold 10% of the amount realized on the sale or exchange of such units (generally, the purchase price) unless the transferor certifies that it is not a nonresident alien individual or foreign corporation or another exemption is available. Pursuant to final Treasury Regulations issued on October 7, 2020, this new withholding obligation will become applicable to transfers of units in publicly traded partnerships such as the Trust (which is classified as a partnership for federal and state income tax purposes) occurring on or after January 1, 2022.

This press release contains statements that are “forward-looking statements” within the meaning of 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 unitholders; expectations regarding the timing of the completion of the winding up of the Trust, including the distribution of remaining cash reserves and the cancellation of the Trust units; and expectations regarding the costs involved in the sale process. The anticipated distribution is based, in part, on the amount of cash received or expected to be received by the Trust from SandRidge with respect to the relevant period. Any differences in actual cash receipts by the Trust could affect this distributable amount. The amount of such cash received or expected to be received by the Trust (and its ability to pay distributions) has been and will be significantly and negatively impacted by the volatility in commodity prices, which have experienced significant fluctuations since the beginning of 2020 in response to the economic effects of the COVID-19 pandemic and the actions taken by Russia and the members of the Organization of Petroleum Exporting Countries. Other important factors that could cause actual results to differ materially include expenses of the Trust and reserves for anticipated future expenses and any contingent, conditional or unmatured claims and obligations such as the securities litigation, 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 SandRidge 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 SandRidge Mississippian Trust I is subject to the risks described in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2020, and all of its other filings with the SEC. The Trust’s annual, quarterly and other filed reports are or will be available over the Internet at the SEC’s website at http://www.sec.gov.

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

100% Renewable Energy Goal to be Achieved 15 Years Ahead of Schedule; Includes Three New Virtual Power Purchase Agreements

KENILWORTH, N.J.--(BUSINESS WIRE)--Merck (NYSE: MRK), known as MSD outside the United States and Canada, announced today ambitious goals to achieve carbon neutrality across its operations by 2025 (Scopes 1 & 2 emissions) and a 30% reduction in its value chain emissions by 2030 (Scope 3 emissions).¹

These goals are aligned with science and build on Merck’s long-standing focus on preventing the worst impacts of climate change and supporting the global effort to achieve the Paris Agreement goals by reducing demand for energy and minimizing greenhouse gas (GHG) emissions.

Merck will achieve carbon neutrality in its operations with ongoing innovation to increase efficiency and reduce carbon emissions, applying sustainable building standards and continuing to transition away from fossil fuel use. Remaining Scope 1 emissions will be offset each year with a portfolio of high-quality carbon credits, including carbon removals.

“Global efforts to combat climate change are essential to the health and sustainability of our planet,” said Robert Davis, president, Merck. “Our new climate action goals reflect our ongoing commitment to operating responsibly and will help us drive long-term sustainability for our business, society and for the patients and communities we serve.”

New Virtual Power Purchase Agreements Signed

Merck is also accelerating by 15 years its previous 2040 goal to source 100% renewable energy for its purchased electricity. Merck signed three new virtual power purchase agreements (VPPAs) for utility-scale energy projects based in Texas and Spain. These projects will address approximately 35% of Merck’s Scope 2 emissions by collectively adding 145 megawatts (MW) of solar and wind energy to the grid. Merck previously signed a U.S. wind VPPA in 2018, which has added 60 MW of new renewable energy capacity, while providing Merck with the associated renewable energy credits.

To achieve the 30% reduction in Scope 3 emissions by 2030, Merck will continue to engage with its suppliers to reduce their emissions, promote opportunities for suppliers to source renewable energy, and use existing procurement and supply chain processes to drive additional strategies to decrease emissions.

“At Merck, we are focused on adopting innovative ways to reduce emissions, in our own operations and across our entire value chain,” said Jennifer Zachary, executive vice president and general counsel, who is also responsible for the company’s global safety and environment function. “Our new VPPA agreements and ongoing engagement with suppliers reflect our responsible use of resources in every aspect of our work.”

Merck has a long-standing commitment to environmental sustainability. The new commitments expand on Merck’s most recent goals and priorities set in 2017 that focus on driving efficiency in its operations, designing new products to minimize environmental impact, and reducing the impacts in its value chain. To learn more about Merck’s Environmental, Social and Governance (ESG) efforts, visit Merck’s Corporate Responsibility Report.

About Merck

For 130 years, Merck, known as MSD outside of the United States and Canada, has been inventing for life, bringing forward medicines and vaccines for many of the world’s most challenging diseases in pursuit of our mission to save and improve lives. We demonstrate our commitment to patients and population health by increasing access to health care through far-reaching policies, programs and partnerships. Today, Merck continues to be at the forefront of research to prevent and treat diseases that threaten people and animals – including cancer, infectious diseases such as HIV and Ebola, and emerging animal diseases – as we aspire to be the premier research-intensive biopharmaceutical company in the world. For more information, visit www.merck.com and connect with us on Twitter, Facebook, Instagram, YouTube and LinkedIn.

Forward-Looking Statement of Merck & Co., Inc., Kenilworth, N.J., USA

This news release of Merck & Co., Inc., Kenilworth, N.J., USA (the “company”) includes “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based upon the current beliefs and expectations of the company’s management and are subject to significant risks and uncertainties. If underlying assumptions prove inaccurate or risks or uncertainties materialize, actual results may differ materially from those set forth in the forward-looking statements.

Risks and uncertainties include but are not limited to, general industry conditions and competition; general economic factors, including interest rate and currency exchange rate fluctuations; the impact of the global outbreak of novel coronavirus disease (COVID-19); the impact of pharmaceutical industry regulation and health care legislation in the United States and internationally; global trends toward health care cost containment; technological advances, new products and patents attained by competitors; challenges inherent in new product development, including obtaining regulatory approval; the company’s ability to accurately predict future market conditions; manufacturing difficulties or delays; financial instability of international economies and sovereign risk; dependence on the effectiveness of the company’s patents and other protections for innovative products; and the exposure to litigation, including patent litigation, and/or regulatory actions.

The company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in the company’s 2020 Annual Report on Form 10-K and the company’s other filings with the Securities and Exchange Commission (SEC) available at the SEC’s Internet site (www.sec.gov).

_________________
¹ Scope 1 emissions are direct greenhouse (GHG) emissions that occur from sources that are controlled or owned by an organization (e.g., emissions associated with fuel combustion in boilers, furnaces, vehicles).
Scope 2 emissions are indirect GHG emissions associated with the purchase of electricity, steam, heat, or cooling.
Scope 3 emissions are the result of activities from assets not owned or controlled by the reporting organization, but that the organization indirectly impacts in its value chain.

Media Contact:
Patrick Ryan
(973) 275-7075

Investor Contact:
Peter Dannenbaum
(908) 740-1037

Courtney Ronaldo
(908) 740-6132

Industry veteran brings nearly four decades of diverse oil and gas experience to the executive team

SAN ANTONIO--(BUSINESS WIRE)--Nueces Midstream, LLC (“Nueces”), an energy infrastructure company, today announced that Nelson Ferries joins the company as Executive Vice President of Strategy and Business Development.

“We are delighted to welcome Nelson to the Nueces executive team,” said Wayne Ziegler, Founder and Chief Executive Officer of Nueces. “Nelson’s background and skill set make him the ideal person to lead Nueces’s growth strategy. Nelson is a highly respected and accomplished leader in the industry and complements our team well.”

As EVP of Strategy and Business Development, Mr. Ferries will oversee corporate growth strategies and all business development activities. Mr. Ferries has 39 years of experience in the oil and gas business with areas of focus being E&P, natural gas, NGLs and crude marketing. Prior to joining Nueces, Mr. Ferries served as Managing Director for BP Energy’s Producer Services Group from 2003 through 2020. During his tenure with BP Energy, Mr. Ferries was responsible for supply aggregation and business development activity around producers and midstream companies in the Gulf Coast and Midcontinent regions. Prior to 2003, Mr. Ferries held various operational, commercial, trading and transportation positions with Chevron, Columbia Energy Services, Enron, and Tractebel. Mr. Ferries earned a BS in Civil Engineering from Texas A&M – Kingsville and is a registered professional engineer in the State of Texas. Mr. Ferries is based in Houston, Texas.

“I have known the Nueces and Tailwater teams for many years and I am excited to partner with these professionals to lead Nueces’s strategic initiatives at such a dynamic time in our industry,” said Mr. Ferries.

“As we continue to enhance our platform, we’re excited to welcome Nelson to the team,” said Nueces Midstream Founder and President David Ash. “Nelson brings a great deal of experience and relationships to the table, and his passion for the industry is sure to add fuel to our growth.”

About Nueces Midstream

Established in 2019 and based in San Antonio, Texas, Nueces Midstream, LLC (“Nueces”) was founded by former executives of TexStar Midstream Logistics, BlackBrush Oil & Gas and SemGas to focus on infrastructure development in south Texas and surrounding basins. Management has decades of experience supporting the development, commercialization, construction and operation of strategic midstream assets in key producing basins. Nueces is sponsored by a capital commitment from Tailwater Capital, LLC. For more information, please visit: www.nuecesmidstream.com.

About Tailwater Capital, LLC

Dallas-based Tailwater Capital is a growth-oriented energy private equity firm with a well-established track record of working constructively with proven management teams to deliver value-added solutions. Tailwater currently manages more than $3.7 billion in committed capital and the team has executed more than 100 energy transactions in the upstream and midstream sectors representing over $20 billion in transaction value. For more information, please visit www.tailwatercapital.com.

Kaitlin Ross
This email address is being protected from spambots. You need JavaScript enabled to view it.
Pierpont Communications

• Achieve operational net-zero carbon emissions by the end of 2021 and science-based net-zero by 2030
• Introduce ScopeX^TM to reduce carbon through design on all major projects

LOS ANGELES--(BUSINESS WIRE)--AECOM (NYSE: ACM), the world’s premier infrastructure consulting firm, today announced the launch of Sustainable Legacies, its strategy for reaching ambitious environmental, social and governance (ESG) objectives. This strategy integrates four key pillars that will embed sustainable development and resilience across the company’s work, improve social outcomes for communities, achieve net-zero carbon emissions and enhance governance.

“As leaders of our industry, we have a responsibility to embed ESG principles into everything we do and partner with our clients and communities to advise on their efforts to advance complex, multi-decade sustainability initiatives,” said Troy Rudd, AECOM’s chief executive officer. “With nearly 50,000 talented engineers, scientists, architects, consultants, program and construction managers, along with our Board of Directors and Executive Leadership Team, we are energized by the impact of our work and how we can contribute positively to society and the planet. We believe infrastructure creates opportunities for everyone, and directly integrating ESG principles with our technical excellence and capabilities puts us in the best position to deliver sustainable legacies for a better world.”

“Our clients have new, evolving priorities focused on sustainability and delivering social impact through their projects and services, and AECOM stands out as the company that can best advise and execute for them,” said Lara Poloni, AECOM’s president. “By developing our strategy with a focus on advancing our ESG objectives and supported by the strength of our technical excellence, global collaboration and local engagement, we will continue to drive innovation in our industry while leaving long-lasting impacts on the communities we serve and the planet as a whole.”

Key Pillars of AECOM’s Sustainable Legacies Strategy

• Achieve net-zero carbon emissions: While developing and implementing best practices and achievable goals for its clients, AECOM has furthered its own carbon emissions goals by ensuring that the company will be operationally net-zero by the end of 2021. It has also committed to reach science-based net-zero carbon emissions by 2030 through the following actions:
  • Setting new 1.5°C-aligned emissions reduction targets.
  • Decarbonizing fleet vehicles and switching to renewable energy tariffs.
  • Partnering with its suppliers to decarbonize and including carbon considerations into its procurement processes.
  • Implementing a 50% reduction in business travel.
  • Creating projects centered around using nature-based solutions to offset residual carbon.
• Embed sustainable development and resilience across our work: AECOM has introduced ScopeX^TM, a first-of-its-kind initiative to reduce carbon through design that considers embodied and operational carbon across the entire project life cycle. The company will further incorporate ESG action plans on all major projects to reduce carbon impact by at least 50 percent. It will also embed net-zero, resilience and social value targets into its client account management program.
• Improve social outcomes: AECOM believes equity, diversity and inclusion enable better outcomes for clients, a deeper understanding of community challenges and more innovative solutions that propel the industry forward. As part of this pledge, AECOM has set an industry-leading, near-term target of women comprising at least 20% of senior leadership roles and at least 35% of the overall workforce. Its efforts extend to include developing project teams that reflect the clients and communities it serves and partnering with small and medium enterprises to generate social value through positive community investments. Additionally, the company is focused on delivering inclusive, accessible projects that proactively improve social value outcomes for individuals, communities and society.
• Enhance governance: To better assess ESG risk factors in potential projects, AECOM is developing and deploying an enterprise framework supported by leadership accountability and advocacy through the audit of specific ESG targets and metrics on an annual basis. In addition to regular reporting to the Board of Directors on ESG matters, as part of the recently expanded charter of the Board’s Safety, Risk and Sustainability committee that includes direct oversight of ESG activities, the company will track and report on its ESG performance targets externally in line with leading industry benchmarks.

Reflecting AECOM’s commitment to advancing its ESG initiatives, in the fiscal second quarter the company executed an amendment to its existing senior secured credit facilities that includes incentives linked to achieving certain sustainability, and diversity and inclusion goals.

For more information on how AECOM is delivering Sustainable Legacies, please visit www.aecom.com/sustainable-legacies.

About AECOM

AECOM (NYSE: ACM) is the world’s premier infrastructure consulting firm, delivering professional services throughout the project lifecycle – from planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, energy and the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common purpose to deliver a better world through our unrivaled technical expertise and innovation, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $13.2 billion in fiscal year 2020. See how we deliver what others can only imagine at aecom.com and @AECOM.

Forward-Looking Statements

All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, coronavirus impacts, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; impacts caused by the coronavirus and the related economic instability and market volatility, including the reaction of governments to the coronavirus, including any prolonged period of travel, commercial or other similar restrictions, the delay in commencement, or temporary or permanent halting of construction, infrastructure or other projects, requirements that we remove our employees or personnel from the field for their protection, and delays or reductions in planned initiatives by our governmental or commercial clients or potential clients; losses under fixed-price contracts; limited control over operations run through our joint venture entities; liability for misconduct by our employees or consultants; failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; high leverage and potential inability to service our debt and guarantees; exposure to Brexit; exposure to political and economic risks in different countries; currency exchange rate fluctuations; retaining and recruiting key technical and management personnel; legal claims; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; AECOM Capital real estate development projects; managing pension cost; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of the Power transaction and other recent acquisitions and divestitures, including the risk that the expected benefits of such transactions or any contingent purchase price will not be realized within the expected time frame, in full or at all; the risk that costs of restructuring transactions and other costs incurred in connection with recent acquisitions and divestitures will exceed our estimates or otherwise adversely affect our business or operations; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.

Media Contact:
Brendan Ranson-Walsh
Vice President, Global External Communications
1.213.996.2367
This email address is being protected from spambots. You need JavaScript enabled to view it.

Investor Contact:
Will Gabrielski
Senior Vice President, Investor Relations
1.213.593.8208
This email address is being protected from spambots. You need JavaScript enabled to view it.

OKLAHOMA CITY--(BUSINESS WIRE)--Enable Midstream Partners, LP (NYSE: ENBL) announced that the board of directors of its general partner declared today a quarterly cash distribution of $0.16525 per unit on all outstanding common units for the quarter ended March 31, 2021. The distribution is unchanged from the previous quarter. The quarterly cash distribution of $0.16525 per unit on all outstanding common units will be paid May 25, 2021, to unitholders of record at the close of business May 13, 2021.

Enable also announced today that the board declared a quarterly cash distribution of $0.5873 per unit on all Series A Preferred Units for the quarter ended March 31, 2021. On Feb. 18, 2021, the Series A Preferred Units converted from a fixed annual rate of 10% to a floating rate, with the holders receiving a quarterly cash distribution based on a percentage of the stated liquidation preference equal to the sum of a three-month LIBOR rate plus 8.5%, which was 8.7375% for the relevant days in the three months ended March 31, 2021. The quarterly cash distribution of $0.5873 on all Series A Preferred Units outstanding will be paid May 14, 2021, to unitholders of record at the close of business April 26, 2021.

ABOUT ENABLE MIDSTREAM PARTNERS

Enable owns, operates and develops strategically located natural gas and crude oil infrastructure assets. Enable’s assets include approximately 14,000 miles of natural gas, crude oil, condensate and produced water gathering pipelines, approximately 2.6 Bcf/d of natural gas processing capacity, approximately 7,800 miles of interstate pipelines (including Southeast Supply Header, LLC of which Enable owns 50%), approximately 2,200 miles of intrastate pipelines and seven natural gas storage facilities comprising 84.5 billion cubic feet of storage capacity. For more information, visit https://enablemidstream.com.

This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100%) of Enable’s distributions to foreign investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Enable’s distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate. Brokers and nominees, and not Enable, are treated as the withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.

Media
Leigh Ann Williams
(405) 553-6947

Investor
Matt Beasley
(405) 558-4600

DUBLIN--(BUSINESS WIRE)--The "Automotive Fuel Cell Market: Trends, Forecast and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.

The automotive fuel cell market is expected to grow with a CAGR of 7% from 2019 to 2024.

The future of the automotive fuel cell market looks promising with opportunities in the passenger car, commercial vehicle, and heavy commercial vehicle markets. The major drivers for this market are stringent emission regulations, growing demand for zero-emission vehicles, development of fuel cell technology and infrastructure, and government Initiatives to subsidizing hydrogen infrastructure.

High vehicle costs, insufficient hydrogen infrastructure and rising demand for BEVs and HEVs will remain the challenge for this industry.

The study includes the automotive fuel cell market size and forecast for the automotive fuel cell market through 2024, segmented by component type, by electrolyte type, by power output, by end use, and by region.

Some of the automotive fuel cell companies profiled in this report include Ballard Power Systems, ITM Power, Hydrogenics, Plug Power, and AFCC, and others.

Some of the features of 'Automotive Fuel Cell Market 2019-2024: Trends, Forecast, and Opportunity Analysis' include:

• Market size estimates: Automotive fuel cell market size estimation in terms of value ($M) shipment.
• Trend and forecast analysis: Market trend (2013-2018) and forecast (2019-2024) by application, and end use industry.
• Segmentation analysis: Market size by various applications such as by component type, by electrolyte type, by power output, by end use, and by region.
• Regional analysis: Automotive fuel cell market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth opportunities: Analysis on growth opportunities in different applications and regions for automotive fuel cell in the automotive fuel cell market.
• Strategic analysis: This includes M&A, new product development, and competitive landscape for, automotive fuel cell in the automotive fuel cell market.
• Analysis of competitive intensity of the industry based on Porter's Five Forces model.

This report answers the following 11 key questions:

• What are some of the most promising potential, high-growth opportunities for the automotive fuel cell market?
• Which segments will grow at a faster pace and why?
• Which regions will grow at a faster pace and why?
• What are the key factors affecting market dynamics? What are the drivers and challenges of the automotive fuel cell market?
• What are the business risks and threats to the automotive fuel cell market?
• What are emerging trends in this automotive fuel cell market and the reasons behind them?
• What are some changing demands of customers in the automotive fuel cell market?
• What are the new developments in the automotive fuel cell market? Which companies are leading these developments?
• Who are the major players in this automotive fuel cell market? What strategic initiatives are being implemented by key players for business growth?
• What are some of the competitive products and processes in this automotive fuel cell area and how big of a threat do they pose for loss of market share via material or product substitution?
• What M&A activities have taken place in the last 5 years in this, automotive fuel cell market?

Key Topics Covered:

1. Executive Summary

2. Market Trends and Forecast Analysis from 2013 to 2024

2.1: Introduction, Background, and Classification

2.2: Supply Chain

2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2013 to 2024

3.1: Macroeconomic Trends and Forecast

3.2: Global Automotive Fuel Cell Market: Trends and Forecast

3.3: Global Automotive Fuel Cell Market by Component Type

3.3.1: Fuel Processor

3.3.2: Fuel Stack

3.3.3: Power Condition

3.4: Global Automotive Fuel Cell Market by Electrolyte Type

3.4.1: PEMFC

3.4.2: PAFC

3.5: Global Automotive Fuel Cell Market by Power Output

3.5.1: < 100 KW

3.5.2: 100-200 KW

3.5.3: >200 KW

3.6: Global Automotive Fuel Cell Market by End Use

3.6.1: Small cars

3.6.2: Compact cars

3.6.3: Mid-Sized cars

3.6.4: Luxury cars

3.6.5: SUVs & Crossovers

3.6.6: Light commercial vehicles

3.6.7: Electrical vehicles

4. Market Trends and Forecast Analysis by Region.

4.1: Global Automotive Fuel Cell Market by Region

4.2: North American Automotive Fuel Cell Market

4.3: European Automotive Fuel Cell Market

4.4: APAC Automotive Fuel Cell Market

4.5: ROW Automotive Fuel Cell Market

5. Competitor Analysis

5.1: Product Portfolio Analysis

5.2: Market Share Analysis

5.3: Operational Integration

5.4: Geographical Reach

5.5: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

6.1: Growth Opportunity Analysis

6.1.1: Growth Opportunities for Global Automotive Fuel Cell Market by Component Type

6.1.2: Growth Opportunities for Global Automotive Fuel Cell Market by Electrolyte Type

6.1.3: Growth Opportunities for Global Automotive Fuel Cell Market by Power Output

6.1.4: Growth Opportunities for Global Automotive Fuel Cell Market by End Use

6.1.5: Growth Opportunities for Global Automotive Fuel Cell Market by Region

6.2: Emerging Trends in Global Automotive Fuel Cell Market

6.3: Strategic Analysis

6.3.1: New Product Development

6.3.2: Capacity Expansion of Global Automotive Fuel Cell Market

6.3.3: Mergers, Acquisitions and Joint Ventures in the Global Automotive Fuel Cell Market

6.3.4: Certification and Licensing

7. Company Profiles of Leading Players

• Ballard Power Systems
• ITM Power
• Hydrogenics
• Plug Power
• AFCC

For more information about this report visit https://www.researchandmarkets.com/r/dxmc4i

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) (“Tidewater” or the “Company”), a leading owner and operator of offshore support vessels providing offshore energy transportation services worldwide today announced the publication of the Company’s 2020 Sustainability Report.

This report is Tidewater’s inaugural comprehensive and stand-alone sustainability report. The report presents the environmental, social, and governance (ESG) performance of Tidewater Inc., along with its management approach to material sustainability topics, for the 2020 calendar year. The report can be downloaded from the Company website at www.tdw.com/sustainability/sustainability2020.

About Tidewater

Tidewater owns and operates one of the largest fleets of offshore support vessels in the industry, with over 65 years of experience supporting offshore energy exploration and production activities worldwide. To learn more, visit www.tdw.com.

Forward-Looking Statements

In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Tidewater notes that certain statements set forth in this press release contain certain forward-looking statements which reflect our current view with respect to future events and future financial performance. Forward-looking statements are all statements other than statements of historical fact. All such forward-looking statements are subject to risks and uncertainties, many of which are beyond the control of the Company, and our future results of operations could differ materially from our historical results or current expectations reflected by such forward-looking statements. Investors should carefully consider the risk factors described in detail in the Company’s most recent Form 10-K, most recent Form 10-Q, and in similar sections of other filings made by the Company with the SEC from time to time. The Company’s filings can be obtained free of charge on the SEC’s website at www.sec.gov. Except to the extent required by law, the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained in this press release to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which any statement is based. Forward-looking statements and written and oral forward-looking statements attributable to the Company or its representatives after the date of this release are qualified in their entirety by the cautionary statements contained in this paragraph and in other reports filed by the Company with the SEC.

Important Additional Information

Tidewater Inc., its directors and certain of its executive officers are deemed to be participants in the solicitation of proxies from Tidewater’s stockholders in connection with the matters to be considered at Tidewater’s 2021 Annual Meeting of Stockholders. Information regarding the names of Tidewater’s directors and executive officers and their respective interests in Tidewater by security holdings or otherwise can be found in Tidewater’s proxy statement for its 2020 Annual Meeting of Stockholders, filed with the Securities and Exchange Commission (“SEC”) on June 18, 2020, and in other filings with the SEC. To the extent holdings of Tidewater’s securities have changed since the amounts set forth in Tidewater’s proxy statement for the 2020 Annual Meeting of Stockholders, such changes have been reflected on Initial Statements of Beneficial Ownership on Form 3 or Statements of Change in Ownership on Form 4 filed with the SEC. These documents will be available free of charge at the SEC’s website at www.sec.gov.

Tidewater intends to file a proxy statement and accompanying BLUE proxy card with the SEC in connection with the solicitation of proxies from Tidewater stockholders in connection with the matters to be considered at Tidewater’s 2021 Annual Meeting of Stockholders. Additional information regarding the identity of participants, and their direct or indirect interests, by security holdings or otherwise, will be set forth in Tidewater’s proxy statement for its 2021 Annual Meeting, including the schedules and appendices thereto. INVESTORS AND STOCKHOLDERS ARE STRONGLY ENCOURAGED TO READ ANY SUCH PROXY STATEMENT AND THE ACCOMPANYING BLUE PROXY CARD AND ANY AMENDMENTS AND SUPPLEMENTS THERETO AS WELL AS ANY OTHER DOCUMENTS FILED BY TIDEWATER WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION.

Stockholders will be able to obtain copies of the proxy statement, any amendments or supplements to the proxy statement, the accompanying BLUE proxy card, and other documents filed by Tidewater with the SEC for no charge at the SEC’s website at www.sec.gov. Copies will also be available at no charge at the Investor Relations section of Tidewater’s corporate website at www.tdw.com or by contacting Tidewater’s Corporate Secretary at Tidewater, Inc., 6002 Rogerdale Road, Suite 600, Houston, Texas 77072, or by calling Tidewater’s Corporate Secretary at (713) 470-5310.

Jason Stanley
Vice President ESG & Investor Relations
+1.713.470.5292
This email address is being protected from spambots. You need JavaScript enabled to view it.

TULSA, Okla.--(BUSINESS WIRE)--#earnings--Alliance Resource Partners, L.P. (NASDAQ: ARLP) today reported financial and operating performance for the quarter ended March 31, 2021 (the "2021 Quarter"). Net income for the 2021 Quarter increased $169.5 million to $24.7 million, or $0.19 per basic and diluted limited partner unit, compared to a net loss of $144.8 million, or $(1.14) per basic and diluted limited partner unit, for the quarter ended March 31, 2020 (the "2020 Quarter"). Excluding the impact of $157.0 million of non-cash charges in the 2020 Quarter, Adjusted net income for the 2021 Quarter increased 102.5% to $24.7 million compared to $12.2 million for the 2020 Quarter. Weather-related transportation disruptions and an unplanned customer plant outage impacted anticipated coal shipments during the 2021 Quarter, contributing to a 9.2% reduction in total revenues compared to the 2020 Quarter. Lower coal volumes and ongoing efficiency initiatives at our mining operations contributed to lower operating expenses of $196.5 million for the 2021 Quarter, compared to $234.3 million for the 2020 Quarter, largely offsetting lower total revenues. As a result, Segment Adjusted EBITDA decreased slightly to $109.8 million in the 2021 Quarter compared to $111.7 million in the 2020 Quarter. (Unless otherwise noted, all references in the text of this release to "net income (loss)" refer to "net income (loss) attributable to ARLP." For definitions of Adjusted net income and Segment Adjusted EBITDA and related reconciliations to comparable GAAP financial measures, please see the end of this release.)

Total revenues in the 2021 Quarter were $47.9 million lower compared to the quarter ended December 31, 2020 (the "Sequential Quarter"), primarily due to lower coal sales volumes. Even though lower revenues were partially offset by decreased operating expenses and reduced depreciation, depletion and amortization, net income and EBITDA for the 2021 Quarter declined $10.3 million and $27.0 million, respectively, compared to the Sequential Quarter. (For a definition of EBITDA and related reconciliation to the comparable GAAP financial measure, please see the end of this release.)

ARLP also announced today that the Board of Directors of its general partner (the "Board") declared a cash distribution to unitholders of $0.10 per unit (an annualized rate of $0.40 per unit) for the 2021 Quarter, payable on May 14, 2021 to all unitholders of record as of the close of trading on May 7, 2021.

"ARLP’s financial performance during the 2021 Quarter was generally in line with our expectations, despite 950,000 tons of delayed shipments impacting EBITDA and cash flow by approximately $13.0 million," said Joseph W. Craft III, Chairman, President and Chief Executive Officer. "Our coal operations’ efficiency initiatives continued to provide cost reduction benefits. Improved coal market fundamentals and favorable weather-patterns during the 2021 Quarter supported buying activity by domestic and international customers, allowing our marketing team to secure new commitments for the delivery of approximately 5.4 million tons through 2023. Our Oil & Gas Royalties segment benefited from significantly higher commodity prices and greater than anticipated sales volumes. With positive free cash flow generated during the 2021 Quarter, ARLP reduced its total debt and finance lease obligations by $52.9 million." (For a definition of free cash flow and related reconciliation to the comparable GAAP financial measure, please see the end of this release.)

Mr. Craft continued, "Over the last year, we have been clearly focused on protecting our balance sheet and managing through the uncertainties and disruptions created by the pandemic to ensure that ARLP emerged with strength. We have also been very clear that returning cash to our unitholders was among our highest priorities once the situation began to stabilize. On the strength of our recent performance and with our outlook continuing to improve, management believes we have reached that point and I am very pleased that the Board supported our view by electing to once again declare a cash distribution to unitholders. In setting an annualized distribution level at approximately 30% of this year’s anticipated free cash flow before investments in growth opportunities, the Partnership has flexibility to pursue projects capable of providing long-term value to our unitholders while maintaining a conservative balance sheet."

Mr. Craft added, "During our earnings call last quarter, we mentioned an effort to explore different value creating opportunities. Our first step in doing so is to add a new Coal Royalties segment to be combined with our Oil & Gas Royalties segment forming a larger, enhanced total royalties group. The coal royalties are generated from coal reserves acquired in the past that have been held in a separate ARLP land company and leased to certain of our mining subsidiaries. With visibility to the mine plans for these subsidiaries, we expect rather predictable and stable cash flows from the Coal Royalties segment for more than a decade.

"Since acquiring and managing a variety of royalty producing assets have similar management attributes, we expect to realize cost efficiencies by combining our royalties activities. We also believe, by aggregating the cash flow from these two sources, it will improve our ability to secure lower cost financing, if necessary, to grow this segment.

"Our goal is to not only emphasize our coal royalties, which have remained in the shadows for years, but to put on full display the magnitude of EBITDA from all of our royalty assets by aggregating our financial reporting in an effort to inform our unitholders and analysts of the cash flow potential of these assets to generate long term royalty income free of capex requirements with minimal working capital and limited operating costs. By adding coal royalties to oil & gas royalties, our total Royalties currently represent approximately 18% of ARLP’s consolidated Segment Adjusted EBITDA and, as we continue to expand this area, we are hopeful that the market will begin to fully recognize the true value of this part of our business.

"We remain committed to our goal of creating long-term value for our unitholders and we continue to actively evaluate various other strategies and opportunities that will generate the attractive returns and sustainable cash flow growth needed to achieve that goal.

Operating Results and Analysis

ARLP's coal sales volumes were lower in the Illinois Basin and Appalachian regions compared to both the 2020 and Sequential Quarters. In the 2021 Quarter, Illinois Basin coal sales volumes decreased 5.9% and 13.3% compared to the 2020 and Sequential Quarters, respectively, primarily as a result of reduced domestic sales partially offset by increased export volumes. Compared to the Sequential Quarter, reduced sales volumes from the Warrior and River View mines also reflected weather-related delays during the 2021 Quarter. In Appalachia, weather-related delays also impacted sales volumes at our Tunnel Ridge mine as tons sold in the 2021 Quarter decreased 5.8% and 20.0% compared to the 2020 and Sequential Quarters, respectively. Total coal production volumes increased 7.5% to 8.0 million tons in the 2021 Quarter compared to 7.4 million tons in the Sequential Quarter. Increased coal production and reduced coal sales volumes during the 2021 Quarter led total coal inventory higher to 1.8 million tons at the end of the 2021 Quarter, an increase of 1.2 million tons compared to total coal inventory of 0.6 million tons at the end of the Sequential Quarter. Compared to the 2020 Quarter, total coal inventory was lower by 0.8 million tons. Coal sales price per ton sold in the 2021 Quarter decreased in both regions compared to the 2020 Quarter reflecting the expiration of higher priced contracted tons.

Compared to the 2020 Quarter, Segment Adjusted EBITDA Expense per ton in the Illinois Basin and Appalachia decreased by 14.9% and 2.1%, respectively, due to ongoing expense control and efficiency initiatives at all of our mining operations and improved recoveries at our Hamilton, Warrior, Tunnel Ridge and MC Mining operations. Compared to the Sequential Quarter, increased expenses per ton primarily in the Appalachian region contributed to an increase of 5.2% in total Segment Adjusted EBITDA Expense per ton in the 2021 Quarter. Segment Adjusted EBITDA Expense per ton in Appalachia increased 15.5% compared to the Sequential Quarter primarily as a result of increased subsidence expense at our Tunnel Ridge mine, costs associated with increased metallurgical coal sales and increased severance taxes per ton during the 2021 Quarter.

Continued strengthening of oil & gas prices and industry activity during the 2021 Quarter led Segment Adjusted EBITDA for our Oil & Gas Royalties segment higher by 16.7% to $11.9 million compared to the Sequential Quarter. Compared to the 2020 Quarter, Segment Adjusted EBITDA declined by 13.2% due to reduced volumes, partially offset by higher sales price realizations per BOE.

Segment Adjusted EBITDA for our Coal Royalties segment increased to $7.3 million for the 2021 Quarter compared to $6.9 million and $7.0 million for the 2020 and Sequential Quarters, respectively, as a result of higher average royalty rates per ton received from our mining subsidiaries and reduced selling expenses, partially offset by reduced volumes.

Outlook

"Economic activity continues to improve in the U.S. and globally as vaccine distribution accelerates and lockdowns ease," said Mr. Craft. "As we anticipated, increased economic activity has resulted in improved energy demand, benefitting all of our business segments. Our domestic coal markets further benefited from the impact of the February polar vortex, as coal-fired generation in U.S. power regions increased 70% - 80% and utility stockpiles in our markets fell by approximately a third as utilities leaned on coal during this time of surging demand as a reliable source of power. These factors, as well as a favorable natural gas price curve, are expected to motivate utilities to secure additional supply commitments over the balance of the year. International coal markets also continued to strengthen and we expect to have additional export sales opportunities this year. ARLP currently has contract commitments for approximately 26.4 million tons in 2021 and we are increasing the midpoint of our targeted total coal sales volumes for this year to 31.0 million tons."

Mr. Craft continued, "Expectations for our Oil & Gas Royalties segment are also increasing. The pace of drilling and completion activity on ARLP’s oil & gas mineral interests has exceeded our initial expectations and recent permitting activity suggests this trend is likely to continue for the remainder of 2021. As a result, we now anticipate production on our acreage will be toward the higher end of our initial full-year ranges. With stronger production expectations and continued strength in oil, natural gas and natural gas liquids pricing, we currently anticipate the EBITDA contribution from our Oil & Gas Royalties segment will be approximately 20% - 25% above 2020 levels."

ARLP is updating its initial full-year 2021 guidance for the following selected items:

A conference call regarding ARLP's 2021 Quarter financial results is scheduled for today at 10:00 a.m. Eastern. To participate in the conference call, dial (877) 506-1589 and request to be connected to the Alliance Resource Partners, L.P. earnings conference call. Canadian callers should dial (855) 669-9657 and all other international callers should dial (412) 317-5240 and request to be connected to the same call. Investors may also listen to the call via the "investor information" section of ARLP's website at http://www.arlp.com.

An audio replay of the conference call will be available for approximately one week. To access the audio replay, dial US Toll Free (877) 344-7529; International Toll (412) 317-0088; Canada Toll Free (855) 669-9658 and request to be connected to replay access code 10154737.

This announcement is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b), with 100% of the partnership’s distributions to foreign investors attributable to gross income, gain or loss that is effectively connected with a United States trade or business. Accordingly, ARLP's distributions to foreign investors are subject to federal income tax withholding at the highest applicable tax rate.

About Alliance Resource Partners, L.P.

ARLP is a diversified natural resource company that generates operating and royalty income from coal produced by its mining complexes and royalty income from mineral interests it owns in strategic oil & gas producing regions in the United States, primarily the Permian, Anadarko and Williston basin.

ARLP currently produces coal from seven mining complexes it operates in Illinois, Indiana, Kentucky, Maryland and West Virginia. ARLP also operates a coal loading terminal on the Ohio River at Mount Vernon, Indiana. ARLP markets its coal production to major domestic and international utilities and industrial users and is currently the second largest coal producer in the eastern United States.

In addition, ARLP also generates income from a variety of other sources.

News, unit prices and additional information about ARLP, including filings with the Securities and Exchange Commission ("SEC"), are available at http://www.arlp.com. For more information, contact the investor relations department of ARLP at (918) 295-7674 or via e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it..

***

The statements and projections used throughout this release are based on current expectations. These statements and projections are forward-looking, and actual results may differ materially. These projections do not include the potential impact of any mergers, acquisitions or other business combinations that may occur after the date of this release. We have included more information below regarding business risks that could affect our results.

FORWARD-LOOKING STATEMENTS: With the exception of historical matters, any matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from projected results. Those forward-looking statements include expectations with respect to coal and oil & gas consumption and expected future prices, optimizing cash flows, reducing operating and capital expenditures, preserving liquidity and maintaining financial flexibility, among others. These risks to our ability to achieve these outcomes include, but are not limited to, the following: the severity, magnitude and duration of the COVID-19 pandemic, including impacts of the pandemic and of businesses' and governments' responses to the pandemic on our operations and personnel, and on demand for coal, oil and natural gas, the financial condition of our customers and suppliers, available liquidity and capital sources and broader economic disruptions; changes in macroeconomic and market conditions and market volatility arising from the COVID-19 pandemic, including coal, oil, natural gas and natural gas liquids prices, and the impact of such changes and volatility on our financial position; decline in the coal industry's share of electricity generation, including as a result of environmental concerns related to coal mining and combustion and the cost and perceived benefits of other sources of electricity and fuels, such as oil & gas, nuclear energy, and renewable fuels; changing global economic conditions or in industries in which our customers operate; changes in coal prices and/or oil & gas prices, demand and availability which could affect our operating results and cash flows; actions of the major oil producing countries with respect to oil production volumes and prices could have direct and indirect impacts over the near and long term on oil & gas exploration and production operations at the properties in which we hold mineral interests; the effectiveness or lack of effectiveness in distributed vaccines to reduce the impact of COVID-19; changes in competition in domestic and international coal markets and our ability to respond to such changes; potential shut-ins of production by operators of the properties in which we hold mineral interests due to low oil, natural gas and natural gas liquids prices or the lack of downstream demand or storage capacity; risks associated with the expansion of our operations and properties; our ability to identify and complete acquisitions; dependence on significant customer contracts, including renewing existing contracts upon expiration; adjustments made in price, volume, or terms to existing coal supply agreements; recent action and the possibility of future action on trade made by the United States and foreign governments; the effect of changes in taxes or tariffs and other trade measures; legislation, regulations, and court decisions and interpretations thereof, both domestic and foreign, including those relating to the environment and the release of greenhouse gases, mining, miner health and safety, hydraulic fracturing, and health care; deregulation of the electric utility industry or the effects of any adverse change in the coal industry, electric utility industry, or general economic conditions; investors' and other stakeholders' increasing attention to environmental, social and governance matters; liquidity constraints, including those resulting from any future unavailability of financing; customer bankruptcies, cancellations or breaches to existing contracts, or other failures to perform; customer delays, failure to take coal under contracts or defaults in making payments; our productivity levels and margins earned on our coal sales; disruptions to oil & gas exploration and production operations at the properties in which we hold mineral interests; changes in raw material costs; changes in the availability of skilled labor; our ability to maintain satisfactory relations with our employees; increases in labor costs including costs of health insurance and taxes resulting from the Affordable Care Act, adverse changes in work rules, or cash payments or projections associated with workers' compensation claims; increases in transportation costs and risk of transportation delays or interruptions; operational interruptions due to geologic, permitting, labor, weather-related or other factors; risks associated with major mine-related accidents, mine fires, mine floods or other interruptions; results of litigation, including claims not yet asserted; foreign currency fluctuations that could adversely affect the competitiveness of our coal abroad; difficulty maintaining our surety bonds for mine reclamation as well as workers' compensation and black lung benefits; difficulty in making accurate assumptions and projections regarding post-mine reclamation as well as pension, black lung benefits, and other post-retirement benefit liabilities; uncertainties in estimating and replacing our coal reserves; uncertainties in estimating and replacing our oil & gas reserves; uncertainties in the amount of oil & gas production due to the level of drilling and completion activity by the operators of our oil & gas properties; the impact of current and potential changes to federal or state tax rules and regulations, including a loss or reduction of benefits from certain tax deductions and credits; difficulty obtaining commercial property insurance, and risks associated with our participation in the commercial insurance property program; evolving cybersecurity risks, such as those involving unauthorized access, denial-of-service attacks, malicious software, data privacy breaches by employees, insiders or others with authorized access, cyber or phishing-attacks, ransomware, malware, social engineering, physical breaches or other actions; and difficulty in making accurate assumptions and projections regarding future revenues and costs associated with equity investments in companies we do not control.

Brian L. Cantrell
Alliance Resource Partners, L.P.
(918) 295-7673

SAN FRANCISCO--(BUSINESS WIRE)--CAI International, Inc. (CAI) (NYSE: CAI) one of the world’s leading transportation finance companies, announces the following earnings release date and conference call:

If you are unable to participate during the live conference call and webcast, the call will be archived at www.capps.com for 30 days (click the “Investors” tab).

David Morris, Chief Accounting Officer
(415) 788-0100
This email address is being protected from spambots. You need JavaScript enabled to view it.

• Shareholder conference call with Paulo Misk, President and CEO, Ernest Cleave, CFO, Paul Vollant, VP of Commercial, and Shazad Butt, VP of Engineering will be conducted at 11:00 a.m. ET on Thursday, May 13, 2021.

TORONTO--(BUSINESS WIRE)--$LGO #VRFB--Largo Resources Ltd. ("Largo" or the "Company") (TSX: LGO) (NASDAQ: LGO) will release its first quarter 2021 financial results on Wednesday, May 12, 2021 after the close of market trading. Additionally, the Company will host a conference call to discuss first quarter 2021 operating and financial results on Thursday, May 13 at 11:00 a.m. ET.

Details of the conference call are listed below:

About Largo Resources

Largo Resources is an industry preferred, vertically integrated vanadium company. It services multiple vanadium market applications through the supply of its unrivaled VPURE™ and VPURE+™ products, 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 its world-class VCHARGE± vanadium redox flow battery technology. The Company's common shares are listed on the Toronto Stock Exchange and on the Nasdaq Stock Market 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.

Investor Relations:
Alex Guthrie
Senior Manager, External Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: +1 416-861-9797

Media Enquiries:
Crystal Quast
Bullseye Corporate
This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: +1 647-529-6364

HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. ("Helix") (NYSE: HLX) reported a net loss of $2.9 million, or $(0.02) per diluted share, for the first quarter 2021 compared to a net loss of $11.9 million, or $(0.09) per diluted share, for the same period in 2020 and net income of $4.2 million, or $0.03 per diluted share, for the fourth quarter 2020.

Helix reported Adjusted EBITDA of $36.2 million in the first quarter 2021 compared to $19.3 million in the first quarter 2020 and $35.3 million in the fourth quarter 2020. The table below summarizes our results of operations:

Owen Kratz, President and Chief Executive Officer of Helix, stated, "Our first quarter 2021 results reflect consistent financial performance as we benefitted from the recommencement of operations of the Q7000 in Nigeria, an early start-up of the Well Enhancer from its winter warm stack and improved cost structure in our Robotics segment. During the first quarter, we continued to de-lever our balance sheet with the repayment at maturity of our Q5000 Loan while maintaining significant liquidity with free cash flow generation. Although we expect 2021 to be another challenging year as our Well Intervention group shifts more to the spot market, we should remain poised to benefit when the market returns."

Segment Results

Well Intervention

Well Intervention revenues increased $21.8 million, or 19%, in the first quarter 2021 compared to the previous quarter. The increase was primarily due to higher utilization on the Q7000, which resumed operations in Nigeria January 2021, and higher utilization on the Well Enhancer in the North Sea as the vessel emerged from its seasonal warm stacking mid-February. Overall Well Intervention vessel utilization increased to 70% in the first quarter 2021 from 56% in the fourth quarter 2020. Well Intervention income from operations increased $3.3 million in the first quarter 2021 compared to the previous quarter due to increased revenues, offset in part by increased operating costs associated with higher overall utilization quarter over quarter.

Well Intervention revenues decreased $6.9 million, or 5%, in the first quarter 2021 compared to the first quarter 2020. The decrease in revenues was primarily due to lower vessel utilization in the North Sea and West Africa during the first quarter 2021, offset in part by higher utilization in the Gulf of Mexico, compared to the first quarter 2020. Utilization in the Gulf of Mexico during the first quarter 2020 was lower due to our scheduled regulatory certification inspections for the Q4000 and the Q5000. Well Intervention vessel utilization decreased to 70% in the first quarter 2021 from 72% in the first quarter 2020. Well Intervention generated income from operations of $5.2 million in the first quarter 2021 compared to operating losses of $5.7 million in the first quarter 2020, with improvements primarily related to higher revenues on the Q5000 and cost reduction efforts associated with lower utilization in the North Sea and West Africa during idle periods.

Robotics

Robotics revenues decreased $20.0 million, or 47%, in the first quarter 2021 compared to the previous quarter. The decrease in revenues was due to a reduction in vessel days as well as a reduction in ROV and trenching activity compared to the previous quarter. Chartered vessel utilization decreased to 90% in the first quarter 2021, which included 165 total vessel days, compared to 100% in the fourth quarter 2020, which included 336 total vessel days. Vessel days during the fourth quarter 2020 included 152 spot vessel days primarily attributable to the seabed clearance and decommissioning projects in the North Sea and utilization on the Ross Candies in the Gulf of Mexico compared to three spot vessel days during the first quarter 2021. ROV, trencher and ROVDrill utilization decreased to 24% in the first quarter 2021 from 32% in the previous quarter, and vessel trenching days in the first quarter 2021 decreased to 72 days compared to 92 days in the previous quarter. Robotics generated operating losses of $2.9 million during the first quarter 2021 compared to income from operations of $1.8 million during the fourth quarter 2020 due to lower revenues, offset in part by lower operating costs, quarter over quarter.

Robotics revenues decreased $13.1 million, or 37%, in the first quarter 2021 compared to the first quarter 2020. The decrease in revenues year over year was due to a reduction in vessel days as well as a reduction in ROV utilization compared to the first quarter 2020. This decrease was offset in part by increased trenching activity year over year. Chartered vessel utilization increased slightly to 90% during the first quarter 2021 compared to 89% during the first quarter 2020; however, total vessel days during the first quarter 2021 decreased to 165 compared to 405 during the first quarter 2020. Vessel days during the first quarter 2020 included 272 spot vessel days primarily attributable to the seabed clearance project in the North Sea and utilization on the Ross Candies in the Gulf of Mexico compared to three spot vessel days during the first quarter 2021. ROV, trencher and ROVDrill utilization was 24% in the first quarter 2021 compared to 34% in the first quarter 2020, and vessel trenching days in the first quarter 2021 increased to 72 days compared to 42 days in the first quarter 2020. Robotics results from operations declined $0.1 million in the first quarter 2021 compared to the first quarter 2020 due to lower revenues, offset in part by lower operating costs, year over year.

Production Facilities

During the first quarter 2021, Production Facilities revenues increased $1.4 million, or 10%, compared to the previous quarter and $0.9 million, or 6%, compared to the first quarter 2020 primarily due to higher oil and gas production revenues in the first quarter 2021.

Selling, General and Administrative and Other

Selling, General and Administrative

Selling, general and administrative expenses were $15.2 million, or 9.3% of revenue, in the first quarter 2021 compared to $12.8 million, or 8.0% of revenue, in the fourth quarter 2020. The higher expenses during the first quarter were primarily due to the timing of employee benefit related costs as well as certain credits related to employee benefits recognized during the prior quarter.

Other Income and Expenses

Other income, net was $1.6 million in the first quarter 2021 compared to $8.4 million in the fourth quarter 2020. Other income, net includes unrealized foreign currency translation gains related to the British pound, which strengthened 1% during the first quarter 2021 compared to 6% during the fourth quarter 2020.

Cash Flows

Operating cash flows were $39.9 million in the first quarter 2021 compared to $40.2 million in the fourth quarter 2020 and $(17.2) million in the first quarter 2020. The increase in operating cash flows year over year was due to higher earnings, lower regulatory certification costs for our vessels and systems and improvements in working capital during the first quarter 2021.

Capital expenditures totaled $1.3 million in the first quarter 2021 compared to $1.1 million in the fourth quarter 2020 and $12.4 million in the first quarter 2020. Capital expenditures in the first quarter 2020 included capital spending related to the completion of the Q7000, which was placed into service during the first quarter 2020. Regulatory certification costs for our vessels and systems, which are included in operating cash flows, were $1.8 million in the first quarter 2021 compared to $0.8 million in the fourth quarter 2020 and $17.8 million in the first quarter 2020. Regulatory certification costs during the first quarter 2020 included dry dock costs on the Q4000, the Q5000 and the Seawell as well as certification costs for several intervention systems.

Free cash flow was $38.5 million in the first quarter 2021 compared to $39.1 million in the fourth quarter 2020 and $(29.6) million in the first quarter 2020. The increase in free cash flow year over year was due to higher operating cash flows and lower capital expenditures. (Free cash flow is a non-GAAP measure. See reconciliation below.)

Financial Condition and Liquidity

Cash and cash equivalents were $204.8 million at March 31, 2021 and excluded $65.6 million of restricted cash pledged as collateral on a short-term project-related letter of credit. Available capacity under our revolving credit facility was $172.2 million at March 31, 2021. Consolidated long-term debt decreased to $336.0 million at March 31, 2021 from $349.6 million at December 31, 2020. The decrease in long-term debt was primarily due to scheduled maturities of $58.2 million of existing debt, including the repayment of the Q5000 Loan, offset in part by the impact of the adoption of ASC 2020-06, which required us to reverse unamortized discounts on our outstanding convertible senior notes totaling $44.1 million. Consolidated net debt at March 31, 2021 was $65.7 million. Net debt to book capitalization at March 31, 2021 was 4%. (Net debt and net debt to book capitalization are non-GAAP measures. See reconciliations below.)

Conference Call Information

Further details are provided in the presentation for Helix’s quarterly teleconference to review its first quarter 2021 results (see the "For the Investor" page of Helix’s website, www.HelixESG.com). The teleconference, scheduled for Tuesday, April 27, 2021 at 9:00 a.m. Central Time, will be audio webcast live from the "For the Investor" page of Helix’s website. Investors and other interested parties wishing to participate in the teleconference may join by dialing 1-800-771-6871 for participants in the United States and 1-303-223-0117 for international participants. The passcode is "Staffeldt." A replay of the webcast will be available on the "For the Investor" page of Helix’s website by selecting the "Audio Archives" link beginning approximately two hours after the completion of the event.

About Helix

Helix Energy Solutions Group, Inc., headquartered in Houston, Texas, is an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations. For more information about Helix, please visit our website at www.HelixESG.com.

Non-GAAP Financial Measures

Management evaluates performance and financial condition using certain non-GAAP measures, primarily EBITDA, Adjusted EBITDA, net debt, net debt to book capitalization and free cash flow. We define EBITDA as earnings before income taxes, net interest expense, gain or loss on extinguishment of long-term debt, net other income or expense, and depreciation and amortization expense. Non-cash impairment losses on goodwill and other long-lived assets and gains and losses on equity investments are also added back if applicable. To arrive at our measure of Adjusted EBITDA, we exclude the gain or loss on disposition of assets and the general provision for current expected credit losses, if any. In addition, we include realized losses from foreign currency exchange contracts not designated as hedging instruments, which are excluded from EBITDA as a component of net other income or expense. Net debt is calculated as total long-term debt less cash and cash equivalents and restricted cash. Net debt to book capitalization is calculated by dividing net debt by the sum of net debt and shareholders’ equity. We define free cash flow as cash flows from operating activities less capital expenditures, net of proceeds from sale of assets.

We use EBITDA and free cash flow to monitor and facilitate internal evaluation of the performance of our business operations, to facilitate external comparison of our business results to those of others in our industry, to analyze and evaluate financial and strategic planning decisions regarding future investments and acquisitions, to plan and evaluate operating budgets, and in certain cases, to report our results to the holders of our debt as required by our debt covenants. We believe that our measures of EBITDA and free cash flow provide useful information to the public regarding our operating performance and ability to service debt and fund capital expenditures and may help our investors understand and compare our results to other companies that have different financing, capital and tax structures. Other companies may calculate their measures of EBITDA, Adjusted EBITDA and free cash flow differently from the way we do, which may limit their usefulness as comparative measures. EBITDA, Adjusted EBITDA and free cash flow should not be considered in isolation or as a substitute for, but instead are supplemental to, income from operations, net income, cash flows from operating activities, or other income or cash flow data prepared in accordance with GAAP. Users of this financial information should consider the types of events and transactions that are excluded from these measures. See reconciliation of the non-GAAP financial information presented in this press release to the most directly comparable financial information presented in accordance with GAAP.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks, uncertainties and assumptions that could cause our results to differ materially from those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, any statements regarding the ongoing COVID-19 pandemic and oil price volatility and their respective effects and results, our protocols and plans, our current work continuing, the spot market, our spending and cost reduction plans and our ability to manage changes; our strategy; any statements regarding visibility and future utilization; any projections of financial items; any statements regarding future operations expenditures; any statements regarding the plans, strategies and objectives of management for future operations; any statements regarding our ability to enter into, renew and/or perform commercial contracts; any statements concerning developments; any statements regarding future economic conditions or performance; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Forward-looking statements are subject to a number of known and unknown risks, uncertainties and other factors that could cause results to differ materially from those in the forward-looking statements, including but not limited to the results and effects of the COVID-19 pandemic and actions by governments, customers, suppliers and partners with respect thereto; market conditions; results from acquired properties; demand for our services; the performance of contracts by suppliers, customers and partners; actions by governmental and regulatory authorities including recent regulatory initiatives by the new U.S. administration; operating hazards and delays, which include delays in delivery, chartering or customer acceptance of assets or terms of their acceptance; our ultimate ability to realize current backlog; employee management issues; complexities of global political and economic developments; geologic risks; volatility of oil and gas prices and other risks described from time to time in our reports filed with the Securities and Exchange Commission ("SEC"), including our most recently filed Annual Report on Form 10-K and in our other filings with the SEC, which are available free of charge on the SEC’s website at www.sec.gov. We assume no obligation and do not intend to update these forward-looking statements, which speak only as of their respective dates, except as required by the securities laws.

Social Media

From time to time we provide information about Helix on Twitter (@Helix_ESG), LinkedIn (www.linkedin.com/company/helix-energy-solutions-group), Facebook (www.facebook.com/HelixEnergySolutionsGroup) and Instagram (www.instagram.com/helixenergysolutions).

Erik Staffeldt
Ph 281-618-0465
email - This email address is being protected from spambots. You need JavaScript enabled to view it.

Electronic Voting Cutoff is at 11:59 pm ET on April 27, 2021

All Voted Must be Received by that Time

• It is important that you vote your shares today.

• If the Extension Amendment Proposal is not approved by the requisite vote, stockholders will not have the opportunity to vote on the business combination with Microvast, Tuscan may need to be dissolved and in such event your shares would be redeemed for approximately $10.22 per share.

• Leading independent voting advisory firms Institutional Shareholder Services and Glass Lewis have recommended stockholders vote "FOR" the extension amendment.

• If you need assistance voting your shares, please contact Advantage Proxy, Inc., Tuscan Holdings’ proxy solicitor, toll-free at 1-877-870-8565, collect at 1-206-870-8565 or by email to This email address is being protected from spambots. You need JavaScript enabled to view it.

NEW YORK--(BUSINESS WIRE)--Tuscan Holdings Corp. (NASDAQ: THCB) (“Tuscan” or the “Company”) urges stockholders of record on March 17, 2021 to vote in favor of the proposal to extend the date by which the Company has to consummate its business combination with Microvast from April 30, 2021 to July 31, 2021 (the “Extension Amendment”) at its annual meeting of stockholders to be held virtually at https://www.cstproxy.com/tuscanholdingscorp/2021 on April 28, 2021 at 10:00 am Eastern Time.

If the requisite vote is not received in favor of the Extension Amendment Proposal, stockholders will not have the opportunity to vote on the business combination with Microvast and Tuscan may need to dissolve. In such event, your shares are expected to be redeemed for approximately $10.22 per share.

Any shares purchased in the open market by the Company’s sponsor, management or their related entities after March 17, 2021 cannot be voted at the annual meeting and as a result, cannot affect whether the Extension Amendment is approved. All shares owned by the Company’s sponsor, management and related entities as of March 17, 2021 have been voted in favor of the Extension Amendment.

"I would like to thank the shareholders that have already voted their proxies. However, more votes are needed to meet the required threshold for the Extension Amendment Proposal to be approved. Only you, our stockholders of record as of March 17, 2021, can make this vote happen," stated Stephen Vogel, Chairman and CEO of Tuscan Holdings Corp.

Please vote by telephone or internet today. Please note that if your shares are held at a brokerage firm or bank, your broker will not vote your shares for you. You must instruct your bank or broker to cast the vote. For assistance with voting your shares please contact Advantage Proxy, Inc. toll free at 1-877-870-8565, collect at 1-206-870-8565 or by email to This email address is being protected from spambots. You need JavaScript enabled to view it..

Additional Information and Where to Find It

In connection with the annual meeting of stockholders, Tuscan filed a definitive proxy statement with the SEC on March 24, 2021 (“Annual Meeting Proxy Statement”). Additionally, in connection with the proposed business combination transaction involving Tuscan and Microvast, Inc. a Delaware corporation (“Microvast”), Tuscan filed a preliminary proxy statement with the SEC on February 16, 2021 and intends to file a definitive proxy statement (collectively, “Merger Proxy Statement”). This document is not a substitute for the Annual Meeting Proxy Statement or Merger Proxy Statement. INVESTORS AND SECURITY HOLDERS AND OTHER INTERESTED PARTIES ARE URGED TO READ THE ANNUAL MEETING PROXY STATEMENT FOR MORE INFORMATION ABOUT THE PROPOSALS TO BE BROUGHT BEFORE THE ANNUAL MEETING, TO READ THE MERGER PROXY STATEMENT FOR MORE INFORMATION ABOUT THE PROPOSED TRANSACTION WITH MICROVAST, AND TO READ ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE. The Annual Meeting Proxy Statement and Merger Proxy Statement and other documents that may be filed with the SEC (when they are available) can be obtained free of charge from the SEC’s website at www.sec.gov. These documents (when they are available) can also be obtained free of charge from Tuscan upon written request to Tuscan at Tuscan Holdings Corp., 135 E. 57th St., 17th Floor, New York, NY 10022.

No Offer or Solicitation

This document is not a proxy statement or solicitation of a proxy or authorization with respect to any securities or in respect of the proposed transactions and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Tuscan Holdings Corp., nor shall there be any sale of such securities in any state or jurisdiction where such offer, solicitation, or sale would be unlawful.

Participants in Solicitation

This communication is not a solicitation of a proxy from any investor or securityholder. However, Tuscan and certain of its directors and executive officers may be deemed to be participants in the solicitation of proxies in connection with the annual meeting of stockholders under the rules of the SEC. Information about Tuscan’s directors and executive officers and their ownership of Tuscan’s securities is set forth in Tuscan’s filings with the SEC, including Tuscan’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, which was filed with the SEC on March 24, 2021, and the definitive proxy statement which was filed with the SEC on March 24, 2021 and mailed to Tuscan’s stockholders on or about March 25, 2021. When available, these documents can be obtained free of charge from Tuscan upon written request to Tuscan at Tuscan Holdings Corp., 135 E. 57th St., 17th Floor, New York, NY 10022.

Forward Looking Statements

This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financial and operating results, our plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “believe,” “intend,” “plan,” “projection,” “outlook” or words of similar meaning. Forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements.

In addition to factors previously disclosed in Tuscan’s reports filed with the SEC and those identified elsewhere in this communication, the following factors, among others, could cause actual results and the timing of events to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: (1) failure of Tuscan’s stockholders to approve the extension amendment proposal; (2) inability to complete the proposed business combination with Microvast within the required time period or, if Tuscan does not complete the proposed business combination with Microvast, any other business combination; (3) the inability to complete the proposed business combination with Microvast due to the failure to meet one or more closing conditions or the occurrence of any event, change or other circumstances that could give rise to the termination of the definitive agreement; and (4) the impact of the ongoing COVID-19 pandemic.

All information set forth herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.

Tuscan Holdings Corp.:
Stephen Vogel
Chairman & CEO
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Stockholders:
Advantage Proxy, Inc.
Toll Free: 1-877-870-8565
Collect: 1-206-870-8565
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Media / Investors:
Ashish Gupta
Investor Relations
Telephone: 646-677-1875
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the "Company") plans to announce its financial results for the first quarter 2021 prior to 8:00 A.M. Eastern Time on Friday, May 7, 2021. A copy of the press release and an earnings supplement will be posted to the Investors section of the Company's website, www.newfortressenergy.com.

In addition, management will host a conference call on Friday, May 7, 2021 at 8:00 A.M. Eastern Time. The conference call may be accessed by dialing (866) 953-0778 (from within the U.S.) or (630) 652-5853 (from outside of the U.S.) fifteen minutes prior to the scheduled start of the call; please reference “NFE First Quarter 2021 Earnings Call."

A simultaneous webcast of the conference call will be available to the public on a listen-only basis at www.newfortressenergy.com. Please allow extra time prior to the call to visit the site and download the necessary software required to listen to the internet broadcast.

A replay of the conference call will be available after 11:00 A.M. Eastern Time on Friday, May 7, 2021 through 11:00 A.M. Eastern Time on Friday, May 14, 2021 at (855) 859-2056 (from within the U.S.) or (404) 537-3406 (from outside of the U.S.), Passcode: 9098098.

About New Fortress Energy Inc.

New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to help accelerate the world’s transition to clean energy. The company funds, builds and operates natural gas infrastructure and logistics to rapidly deliver fully integrated, turnkey energy solutions that enable economic growth, enhance environmental stewardship and transform local industries and communities.

IR:
Joshua Kane
(516) 268-7455
This email address is being protected from spambots. You need JavaScript enabled to view it.

Media:
Jake Suski
(516) 268-7403
This email address is being protected from spambots. You need JavaScript enabled to view it.

HOUSTON--(BUSINESS WIRE)--Cheniere Energy Partners, L.P. (“Cheniere Partners”) (NYSE American: CQP) today declared (i) a cash distribution of $0.660 ($2.64 annualized) per common unit to unitholders of record as of May 6, 2021, and (ii) the related distribution to its general partner. These distributions are payable on May 14, 2021.

This press release serves as qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note that 100 percent of Cheniere Partners’ distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of Cheniere Partners’ distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate. Nominees are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors.

About Cheniere Partners

Cheniere Partners is developing, constructing and operating natural gas liquefaction facilities at the Sabine Pass LNG terminal located in Cameron Parish, Louisiana, on the Sabine-Neches Waterway less than four miles from the Gulf Coast. Cheniere Partners is currently operating five natural gas liquefaction Trains and is constructing one additional Train for a total production capacity of approximately 30 mtpa of LNG at the Sabine Pass terminal. The Sabine Pass LNG terminal has operational regasification facilities that include five LNG storage tanks, two marine berths and vaporizers and an additional marine berth that is under construction. Cheniere Partners also owns the Creole Trail Pipeline, a 94-mile pipeline that interconnects the Sabine Pass LNG terminal with a number of large interstate pipelines.

For additional information, please refer to the Cheniere Partners website at www.cheniere.com and Annual Report on Form 10-K for the fiscal year ended December 31, 2020, filed with the Securities and Exchange Commission.

Forward-Looking Statements

This press release contains certain statements that may include “forward-looking statements.” All statements, other than statements of historical or present facts or conditions, included herein are “forward-looking statements.” Included among “forward-looking statements” are, among other things, (i) statements regarding Cheniere Partners’ financial and operational guidance, business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding expectations regarding regulatory authorizations and approvals, (iii) statements expressing beliefs and expectations regarding the development of Cheniere Partners’ LNG terminal and liquefaction business, (iv) statements regarding the business operations and prospects of third parties, (v) statements regarding potential financing arrangements, (vi) statements regarding future discussions and entry into contracts, and (vii) statements regarding the COVID-19 pandemic and its impact on our business and operating results. Although Cheniere Partners believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere Partners’ actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere Partners’ periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere Partners does not assume a duty to update these forward-looking statements.

Cheniere Partners
Investors
Randy Bhatia 713-375-5479
Megan Light 713-375-5492
Media Relations
Eben Burnham-Snyder 713-375-5764
Jenna Palfrey 713-375-5491

• Sale of 25 million Technip Energies N.V. (“Technip Energies”) shares representing ca. 14% of Technip Energies’ share capital through an accelerated bookbuild offering
• TechnipFMC plc (“TechnipFMC”) would, upon completion of the Placement and the Concurrent Sale to Technip Energies, retain a stake of ca. 31% of the share capital of Technip Energies

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

TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982):

This press release is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.

This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities and the offer of Technip Energies shares does not constitute a public offering other than to qualified investors in any jurisdiction, including in France.

TechnipFMC announces the sale of 25 million Technip Energies shares (the “Shares”), representing ca. 14% of Technip Energies’ share capital, through a private placement by way of an accelerated bookbuild offering (the “Placement”). The sale price of the Shares in the Placement is set at €11.10 per Share, yielding total gross proceeds of €277.5 million.

Concurrently with the Placement, Technip Energies will purchase from TechnipFMC ca. 1.8 million shares (equivalent to 1% of share capital) at €11.10 per share, corresponding to the price of the Placement (the “Concurrent Sale to Technip Energies”). This purchase is separate from the Placement.

Upon completion of the Placement and the Concurrent Sale to Technip Energies, TechnipFMC retains a direct stake of ca. 31% of Technip Energies’ share capital.

TechnipFMC has agreed to a 60-day lock-up for its remaining shares in Technip Energies, subject to waiver from the Joint Global Coordinators involved in the Placement and certain other customary exceptions, including transfer of shares to a subsidiary, granting and enforcement of security interests in connection with financing and derivative transactions and tender into any public tender offer for all or part of the shares.

The Placement was conducted without a public offering in any country and was open to eligible institutional investors.

Settlement for the Placement is expected to take place on or around 30 April 2021.

* * * *

Important notices

This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities and the offer of shares of Technip Energies (the “Shares”) by TechnipFMC does not constitute a public offering other than to qualified investors in any jurisdiction, including in France.

In member states of the European Economic Area, this communication and any offer if made subsequently is directed exclusively at persons who are “qualified investors” within the meaning of Article 2(e) of the Prospectus Regulation.

In the United Kingdom, any offer of the Shares will be made pursuant to an exemption under Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (the “UK Prospectus Regulation”) from a requirement to publish a prospectus for offers of Shares. This communication is for distribution in the United Kingdom only to (i) investment professionals falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (ii) high net worth entities and other persons to whom it may lawfully be communicated, falling within article 49(2)(a) to (d) of the Order.

The Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, US persons, absent registration or an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There will be no public offer of the Shares in the United States or in any other jurisdiction. The Shares are being offered outside the United States in transactions that are not subject to the Securities Act pursuant to Regulation S under the Securities Act (“Regulation S”) to persons other than US persons (within the meaning of Regulation S) and in the United States to "qualified institutional buyers" (“QIBs”) pursuant to an exemption from, or in transactions not subject to, the registration requirements of the Securities Act.

In addition to the foregoing restrictions, the release, publication or distribution of this press release generally may be restricted by law in certain jurisdictions and persons into whose possession this document or other information referred to herein should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

The information contained in this announcement is for background purposes only and does not purport to be full or complete and no reliance may be placed by any person for any purpose on the information contained in this announcement or its accuracy, fairness or completeness. Any investment decision to buy Shares in the Placement must be made solely on the basis of publicly available information regarding Technip Energies. Such information is not the responsibility of TechnipFMC.

The Joint Global Coordinators are acting on behalf of TechnipFMC and no one else in connection with the Placement and will not be responsible to any other person for providing the protections afforded to any of its clients or for providing advice in relation to the Placement.

EACH PROSPECTIVE INVESTOR SHOULD PROCEED ON THE ASSUMPTION THAT IT MUST BEAR THE ECONOMIC RISK OF AN INVESTMENT IN THE SHARES. NEITHER TECHNIPFMC NOR THE JOINT GLOBAL COORDINATORS MAKES ANY REPRESENTATION AS TO (I) THE SUITABILITY OF THE SHARES FOR ANY PARTICULAR INVESTOR, (II) THE APPROPRIATE ACCOUNTING TREATMENT AND POTENTIAL TAX CONSEQUENCES OF INVESTING IN THE SHARES OR (III) THE FUTURE PERFORMANCE OF THE SHARES EITHER IN ABSOLUTE TERMS OR RELATIVE TO COMPETING INVESTMENTS.

The information contained in this press release is subject to change in its entirety without notice up to the settlement date. TechnipFMC, the Joint Global Coordinators and their respective affiliates expressly disclaim, to fullest extent permitted by applicable law, any obligation or undertaking to update, review or revise any statement contained in this press release whether as a result of new information, future developments or otherwise.

About TechnipFMC

TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.

With our proprietary technologies and comprehensive solutions, we are transforming our clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.

Organized in two business segments — Subsea and Surface Technologies — we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation.

Each of our approximately 20,000 employees is driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.

Investor relations
Matt Seinsheimer
Vice President Investor Relations
+1 281 260 3665
This email address is being protected from spambots. You need JavaScript enabled to view it.

James Davis
Senior Manager Investor Relations
+1 281 260 3665
This email address is being protected from spambots. You need JavaScript enabled to view it.

Media relations
Nicola Cameron
Vice President Corporate Communications
+44 1383 742297
This email address is being protected from spambots. You need JavaScript enabled to view it.

Brooke Robertson
Public Relations Director
+1 281 591 4108
This email address is being protected from spambots. You need JavaScript enabled to view it.

PORTLAND, Ore.--(BUSINESS WIRE)--Campbell Global (“Campbell”) today announced the results of its inaugural carbon footprint assessment for assets under management. For the 2020 calendar year, Campbell’s carbon footprint was climate positive, with managed timberlands sequestering over 1.7 million tonnes of CO2 equivalents (MMTC02e) across the United States, New Zealand, and Australia. After accounting for Scope 1, 2, and 3 emissions associated with forest operations and operating facilities, net carbon capture for the year was approximately 1.3 MMTC02e. Sustainable timber harvests also yielded more than 6.6 MMTC02e in the form of certified raw materials that were delivered to downstream wood processing facilities.

“Completion of the inaugural carbon footprint assessment further demonstrates our leadership in responsible investing and impact reporting,” said John Gilleland, Chairman and CEO. “Understanding the greenhouse gas profile for each asset entrusted to our management, well-positions us and our clients to establish and monitor progress associated with climate-related management objectives.”

To calculate the carbon footprint, Campbell collaborated with Bluesource on the development of a credible and repeatable methodology based on the Forest Industry Carbon Assessment Tool™ (FICAT) modeling framework. After configuring FICAT for Campbell’s assets under management, and updating model parameters, the tool was used to estimate the annual amount of carbon sequestered on productive timberlands and associated Scope 1, 2, and 3 emissions from operations. Campbell utilized its property-level forest inventory and accounting data to improve confidence in the modeled outcomes.

Stephen Levesque, Chair of Campbell’s Responsible Investment Committee, noted “results from the carbon footprint analysis clearly show that actively managed forests are a valuable natural climate solution. Furthermore, this work also provides important insights regarding the broader forest products supply chain and its potential to support a low-carbon economy.”

About Campbell Global

Campbell Global, LLC is a worldwide investment manager focused on timberland. They are recognized as an authority on both forest management and timberland investing. Based in Portland, Oregon, Campbell Global has nearly four decades of experience in timberland management and value creation. A pioneer in the field, they have managed more than 5 million acres worldwide for pension funds, foundations and other institutional investors since inception. Campbell Global combines ingenuity, data-supported decision making and a passion for responsible investing to deliver the best possible performance to clients.

About Bluesource

Bluesource^® is a climate action partner for private and public companies, nonprofit organizations and governments. Bluesource has pioneered creative solutions to the climate crisis since 2001, with deep expertise across environmental technologies and markets. With more than 200 active projects in the United States and Canada, Bluesource is a leader in voluntary, compliance and pre-compliance carbon, renewable energy attribute, renewable natural gas and energy efficiency markets. For six consecutive years, Bluesource has been voted Best Project Developer (North America) and Best Offset Originator (California) by peers and partners in Environmental Finance’s Annual Market Rankings.

Angela Davis
This email address is being protected from spambots. You need JavaScript enabled to view it.
503-275-9675