NEW YORK--(BUSINESS WIRE)--Macquarie Infrastructure Holdings, LLC (“MIC” or the “Company”) (NYSE: MIC) today announced the results of its offer to repurchase for cash (the “Offer to Repurchase”) any and all of its 2.00% Convertible Senior Notes due 2023 (the “Notes”). The Offer to Repurchase expired at midnight, New York City time, on October 21, 2021 (the “Expiration Date”).
The Offer to Repurchase was conducted pursuant to the terms and conditions of the Indenture, dated as of July 15, 2014, between a predecessor to the Company and Wells Fargo Bank, National Association, as trustee (the “Trustee”), as amended and supplemented by the Second Supplemental Indenture, dated as of May 21, 2015, the Third Supplemental Indenture, dated as of October 13, 2016 and the Fourth Supplemental Indenture, dated as of September 22, 2021 (such Indenture, as so amended and supplemented, the “Indenture”). Pursuant to the Indenture, holders have the right (the “Fundamental Change Repurchase Right”) to require the Company to repurchase all of such holder’s Notes, or any portion thereof that is a multiple of $1,000 principal amount, on October 22, 2021, subject to extension (the “Fundamental Change Repurchase Date”), at a repurchase price equal to 100% of the principal amount of the Notes being repurchased, plus accrued and unpaid interest thereon, to, but not including, the Fundamental Change Repurchase Date (the “Fundamental Change Repurchase Price”). The completion of the sale of the Company’s Atlantic Aviation business on September 23, 2021, constituted a Fundamental Change pursuant to the Indenture, triggering the Fundamental Change Repurchase Right.
As of the expiration of the Offer to Repurchase, $26,947,000 aggregate principal amount of the Notes, representing approximately 79.8% of the total Notes outstanding, were validly tendered and not validly withdrawn pursuant to the Offer to Repurchase. The Company expects to pay approximately $26,978,528 million for the purchase of the Notes, including accrued and unpaid interest, on the settlement date, which is expected to be October 22, 2021. After settlement, $6,821,000 aggregate principal amount of the Notes will remain outstanding.
Wells Fargo Bank, National Association served as Trustee, Paying Agent and Conversion Agent under the Indenture (the “Conversion Agent”).
This press release does not constitute an offer to purchase, a solicitation of an offer to purchase or a solicitation of an offer to sell securities.
Cautionary Note Regarding Forward-Looking Statements
In addition to historical information, this release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Exchange Act. The Company may, in some cases, use words such as “project”, “believe”, “anticipate”, “plan”, “expect”, “estimate”, “intend”, “should”, “would”, “could”, “potentially”, “may”, or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. Such statements include, among others, those concerning the Company’s expected financial performance and strategic and operational plans, statements regarding sales of our businesses (including our previously approved reorganization), the ability to complete such sales and the anticipated uses of any proceeds therefrom, statements regarding the anticipated specific and overall impacts of COVID-19 and any related recovery, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Any such forward-looking statements are not guarantees of future performance and a number of risks and uncertainties could cause actual results to differ materially from those anticipated in the forward-looking statements. Such risks and uncertainties include, but are not limited to, the risks identified in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, its Quarterly Reports on Form 10-Q, and in other reports filed from time to time with the Securities and Exchange Commission (SEC).
Given the risks and uncertainties surrounding forward-looking statements, do not place undue reliance on these statements. Many of these factors are beyond the Company’s ability to control or predict. These forward-looking statements speak only as of the date of this press release. Other than as required by law, the Company undertakes no obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise.
About MIC
MIC owns and operates businesses providing energy services, production and distribution in Hawaii. For additional information, please visit the MIC website at www.macquarie.com/mic.
MIC is not an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of MIC do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL). MBL does not guarantee or otherwise provide assurance in respect of the obligations of MIC.
Investors:
Jay Davis
Investor Relations
MIC
212-231-1825
Media:
Lee Lubarsky
Corporate Communications
MIC
212-231-2638
OVERLAND PARK, Kan.--(BUSINESS WIRE)--Ecofin is proud to announce that Ecofin Global Water ESG Fund (EBLU) was named ESG/Impact ETF of the Year at Fund Intelligence’s 2021 Mutual Fund Industry & ETF Awards Ceremony.
“We are thrilled to have won this award that not only speaks to the quality of our product, but the impact that capital investment is having on solving the global water crisis. Water is one of the most essential assets and the companies that manage, treat, and distribute water are critical to economic growth and social stability,” said Craig Fisher, Director – Strategic Relationships and Head of ETFs. “We look forward to growing our global sustainable water platform and continuing to facilitate positive change for clean water and the environment.”
EBLU tracks the Ecofin Global Water ESG IndexSM , which is comprised of companies that derive a majority of their revenues from water industry related activities and make conscientious efforts to positively impact the world environmentally, socially and with solid governance, and are poised to participate in and benefit from growth in the water industry. For more information on how EBLU is making an impact with direct exposure to water, the fund’s latest ratings, its comparatively low management fee, and its support of Water.org, click to visit the webpage or view the fact sheet.
Source: Mutual Fund Industry & ETF Awards 2021. The annual ceremony took place virtually on October 14, 2021.
Mutual Fund Industry & ETF Award Methodology
The shortlists and winners are comprised of individuals and firms who submit entries or are nominated via the online submission process, as well as through recommendations from leading market participants. Judges use the submitted application material, as well as any uploaded supplemental information, to determine which firm, individual or product they believe to be the most suitable and deserving winners for each category. Judges have the discretionary power to move nominations into alternative categories that they think may be more suitable.
The asset manager sales, marketing and leadership awards and the fund director awards are adjudicated by a panel of industry experts convened by the Fund Intelligence and Fund Directions editorial teams. The industry judges, who must declare any conflict, contribute their sector expertise to assess the shortlist of candidates and come to a decision on the winners. A separate panel of industry experts judge the ETF categories. Additional information may be obtained at https://www.mutualfundindustryawards.com/home.
About the Ecofin Brand
Ecofin focuses on sustainable investments and is dedicated to uniting ecology and finance. Our mission is to generate strong risk-adjusted returns while optimizing investors’ impact on society. We are socially minded, ESG-attentive investors, harnessing years of expertise investing in sustainable infrastructure, energy transition, clean water & environment and social impact. Our strategies are accessible through a variety of investment solutions and seek to achieve positive impacts that align with UN Sustainable Development Goals by addressing pressing global issues surrounding climate action, clean energy, water, education, healthcare and sustainable communities. Learn more at www.ecofininvest.com.
About Water.org
Water.org is an international nonprofit organization that has positively transformed more than 30 million lives around the world with access to safe water or sanitation. Founded by Gary White and Matt Damon, Water.org pioneers market-driven financial solutions to the global water crisis. For more than 25 years, they’ve been providing women hope, children health, and families a future. Learn more at https://water.org.
Forward-Looking Statement
This press release contains certain statements that may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although Ecofin 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. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors. 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 by law, Ecofin does not assume a duty to update this forward-looking statement.
Safe Harbor Statement
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of any securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.
Disclosures
TIS Advisors is the adviser to the Ecofin Global Water ESG Fund and is a registered investment advisor providing research-driven indices that can be used as a realistic basis for exchange-traded products and thought leadership in the universe of essential assets. Its indices are intended to fill a void in the market and provide benchmarks and investable asset class universes for use by investment professionals, research analysts and industry executives to analyze relative performance as well as to provide a basis for passively managed exchange-traded products. Vident Investment Advisory, LLC serves as sub-adviser to the Fund.
The fund’s investment objective, risks, charges and expenses must be considered carefully before investing. The summary and statutory prospectus contains this and other important information about the fund and may be obtained by calling 844-TR-INDEX (844-874-6339) or visiting www.ecofininvest.com. Read it carefully before investing.
Investing involves risk. Principal loss is possible. Investment in the water infrastructure and management industry may significantly affect the value of the shares of the fund. Companies in the water industry are subject to environmental considerations, taxes, government regulation, price and supply fluctuations, competition and water conservation influences.
Past performance is not a guarantee of future results.
Quasar Distributors, LLC, distributor
Maggie Zastrow
(913) 981-1020
This email address is being protected from spambots. You need JavaScript enabled to view it.
BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities Inc. (NYSE: WTRG) was celebrated as a Champion of Board Diversity by The Forum of Executive Women at its virtual leadership breakfast on October 7. Essential was one of 27 companies from the Greater Philadelphia region recognized at the event for paving the way for gender equity.
The Forum of Executive Women annually honors the top public companies in the Philadelphia region with 30% or more women on their respective boards. This is the third time that Essential or its subsidiaries, Aqua and Peoples, have received the honor.
“Essential recognizes and embraces diversity and inclusion as core elements of our culture, and we’re excited to once again be recognized as a Champion of Board Diversity,” said Chris Franklin, Chairman and CEO of Essential Utilities. “Prioritizing an equitable and inclusive board and workforce makes us stronger and encourages constructive collaboration resulting from a broad array of perspectives, innovative ideas and solutions. This recognition is a great honor and a steppingstone toward our overarching ESG goals.”
Aqua was previously recognized by 2020 Women on Boards as a Winning ‘W’ Company for having 20 percent or more of its board seats held by women. Aqua also was recognized as a Champion of Board Diversity by the Forum of Executive Women in 2016 and 2019.
The Forum of Executive Women is a membership organization comprised of more than 500 of the most senior leaders in corporations, firms, not-for-profit organizations and the public sector throughout the region.
About Essential
Essential is one of the largest publicly traded water, wastewater and natural gas providers in the U.S., serving approximately 5 million people across 10 states under the Aqua and Peoples brands. Essential is committed to excellence in proactive infrastructure investment, regulatory expertise, operational efficiency and environmental stewardship. The company recognizes the importance water and natural gas play in everyday life and is proud to deliver safe, reliable services that contribute to the quality of life in the communities it serves. For more information, visit http://www.essential.co.
WTRGF
Gretchen Toner
Communications & Marketing
M: 484.368.4816
This email address is being protected from spambots. You need JavaScript enabled to view it.
HOUSTON--(BUSINESS WIRE)--USD Partners LP (NYSE: USDP) (the “Partnership”) announced today that the Board of Directors of its general partner declared a quarterly cash distribution of $0.1185 per unit for the third quarter of 2021 ($0.474 per unit on an annualized basis), representing an increase of $0.0025 per unit, or 2.2% over the distribution declared for the second quarter of 2021. The quarterly increase is in-line with management’s previously stated guidance. The distribution is payable on November 12, 2021, to unitholders of record at the close of business on November 3, 2021.
Third Quarter 2021 Earnings Release Date and Conference Call Information
The Partnership plans to report third quarter 2021 financial and operating results after market close on Tuesday, November 2, 2021. The Partnership will host a conference call and webcast regarding third quarter 2021 results at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on Wednesday, November 3, 2021.
To listen live over the Internet, participants are advised to log on to the Partnership’s website at www.usdpartners.com and select the “Events & Presentations” sub-tab under the “Investors” tab. To join via telephone, participants may dial (866) 342-8591 domestically or +1 (203) 518-9713 internationally, conference ID 2035204. Participants are advised to dial in at least five minutes prior to the call.
An audio replay of the conference call will be available for thirty days by dialing (800) 839-4514 domestically or +1 (402) 220-2680 internationally, conference ID 2035204. In addition, a replay of the audio webcast will be available by accessing the Partnership's website after the call is concluded.
About USD Partners LP
USD Partners LP is a fee-based, growth-oriented master limited partnership formed in 2014 by US Development Group, LLC (“USD”) to acquire, develop and operate midstream infrastructure and complementary logistics solutions for crude oil, biofuels and other energy-related products. The Partnership generates substantially all of its operating cash flows from multi-year, take-or-pay contracts with primarily investment grade customers, including major integrated oil companies and refiners. The Partnership’s principal assets include a network of crude oil terminals that facilitate the transportation of heavy crude oil from Western Canada to key demand centers across North America. The Partnership’s operations include railcar loading and unloading, storage and blending in on-site tanks, inbound and outbound pipeline connectivity, truck transloading, as well as other related logistics services. In addition, the Partnership provides customers with leased railcars and fleet services to facilitate the transportation of liquid hydrocarbons and biofuels by rail.
USD, which owns the general partner of USD Partners LP, is engaged in designing, developing, owning, and managing large-scale multi-modal logistics centers and energy-related infrastructure across North America. USD’s solutions create flexible market access for customers in significant growth areas and key demand centers, including Western Canada, the U.S. Gulf Coast and Mexico. Among other projects, USD, along with its partner Gibson Energy, Inc., is progressing on a long-term solution to transport heavier grades of crude oil produced in Western Canada to the U.S Gulf Coast through a Diluent Recovery Unit at the Hardisty Terminal and USD’s destination terminal in Port Arthur, Texas. Both projects are currently operating in the start-up phase. USD is also currently pursuing the development of a premier energy logistics terminal on the Houston Ship Channel with capacity for substantial tank storage, multiple docks (including barge and deepwater), inbound and outbound pipeline connectivity, as well as a rail terminal with unit train capabilities. For additional information, please visit texasdeepwater.com. Information on websites referenced in this release is not part of this release.
Qualified Notice to Nominees
This release serves as qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note that we believe that 100 percent of the Partnership’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of the Partnership’s distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate for individuals or corporations, as applicable. Nominees, and not the Partnership, are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of U.S. federal securities laws, including statements with respect to the amount and timing of the Partnership’s third quarter 2021 cash distribution and the business prospects of the Partnership and USD. Words and phrases such as “plans,” “expects,” “will,” “progressing on,” “pursuing,” and similar expressions are used to identify such forward-looking statements. However, the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements relating to the Partnership are based on management’s expectations, estimates and projections about the Partnership, its interests, USD’s projects and the energy industry in general on the date this press release was issued. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. The current economic downturn and pandemic introduces unusual risks and an inability to predict all risks that may impact the Partnership’s business and outlook. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Factors that could cause actual results or events to differ materially from those described in the forward-looking statements include those as set forth under the heading “Risk Factors” in the Partnership’s most recent Annual Report on Form 10-K and in its subsequent filings with the Securities and Exchange Commission. The Partnership is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
Category: Earnings
Investor Relations Contacts:
Adam Altsuler, (281) 291-3995
Executive Vice President and Chief Financial Officer
Jennifer Waller, (832) 991-8383
Director, Financial Reporting and Investor Relations
DUBLIN--(BUSINESS WIRE)--The "Oil and Gas Global Group of Eight (G8) Industry Guide - Market Summary, Competitive Analysis and Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The G8 Oil & Gas industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Scope
Reasons to Buy
Key Topics Covered:
1 Introduction
2 Group of Eight (G8) Oil & Gas
3 Oil & Gas in Canada
4 Oil & Gas in France
5 Oil & Gas in Germany
6 Oil & Gas in Italy
7 Oil & Gas in Japan
8 Oil & Gas in Russia
9 Oil & Gas in The United Kingdom
10 Oil & Gas in The United States
11 Company Profiles
11.1. Suncor Energy Inc.
11.2. Cenovus Energy Inc.
11.3. Husky Energy Inc
11.4. Exxon Mobil Corporation
11.5. Engie SA
11.6. Vermilion Energy Inc
11.7. Royal Dutch Shell plc
11.8. Total S.E.
11.9. Wintershall Dea GmbH
11.10. Saras SpA
11.11. Eni S.p.A
11.12. Idemitsu Kosan Co Ltd
11.13. JX Nippon Oil & Gas Exploration Corp
11.14. OAO Gazprom
11.15. OJSC Rosneft Oil Company
11.16. Lukoil Oil Co.
11.17. Bashneft
11.18. Exillon Energy Plc
11.19. Centrica plc
11.20. BP Plc
11.21. CNOOC Petroleum North America ULC
11.22. Chevron Corporation
11.23. ConocoPhillips
11.24. EOG Resources, Inc.
12 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/cq6m8p
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
Bollinger Lockport reopened October 10th after a three week shutdown due to sustaining significant damage in Hurricane Ida
USCGC John Scheuerman is the fifth of six cutters destined for overseas operations in Manama, Bahrain
LOCKPORT, La.--(BUSINESS WIRE)--Bollinger Shipyards LLC (“Bollinger”) has delivered the newest Sentinel-class Fast Response Cutter (“FRC”), the USCGC John Scheuerman, to the U.S. Coast Guard in Key West, Florida nearly one week ahead of schedule despite a three week shutdown due to the significant damage sustained to Bollinger’s facilities during Hurricane Ida. The storm made landfall in late August near Port Fourchon, Louisiana as a powerful Category 4 storm. Bollinger’s facilities in Port Fourchon, Lockport, Houma and Larose suffered significant damage as a result of Hurricane Ida, which tied with last year’s Hurricane Laura and the Last Island Hurricane of 1856 as the strongest on record in Louisiana.
“While every delivery is meaningful, being able to deliver this vessel nearly a week early despite everything our crew has faced over the past month is nothing short of remarkable,” said Bollinger President & CEO Ben Bordelon. “We had folks who lost everything in that storm. Our yard where we build the FRCs took a beating and was shuttered for three weeks while we rebuilt. This vessel and this delivery is a win our folks really needed and it reflects the resilience, commitment and tenacity of the 650 skilled men and women that built it.”
On September 24th, following an extensive multi‐week recovery and rebuilding effort, Bollinger welcomed employees back to all 11 of its facilities across Louisiana. Bollinger’s Lockport facility is home to the FRC program, which directly supports 650 jobs. The USCGC John Scheuerman departed Lockport on Monday, October 11th for Bollinger’s Fourchon facility where it performed a shakedown exercise prior to dry docking for final inspection in preparation of its delivery. The Cutter departed Fourchon for Key West, FL on Sunday, October 17th .
The USCGC John Scheuerman is the 169th vessel Bollinger has delivered to the U.S. Coast Guard over a 35-year period and the 46th FRC delivered under the current program. The USCGC John Scheuerman is the fifth of six FRCs to be home-ported in Manama, Bahrain, which will replace the aging 110’ Island Class Patrol Boats, built by Bollinger Shipyards 30 years ago, supporting the Patrol Forces Southwest Asia (PATFORSWA), the U.S. Coast Guard’s largest overseas presence outside the United States.
U.S. Coast Guard Commandant Adm. Karl Schultz has previously lauded the “enhanced seakeeping capabilities” of the PATFORSWA-bound FRCs, saying the ships are going to be “game changing” in their new theater of operations. Last week, at the commissioning ceremony for the USCGC Emlen Tunnell—another Bahrain-based FRC—Adm. Schultz noted that these ships will “conduct maritime security operations, theater cooperation efforts, and strengthen partner nations’ maritime capabilities to promote security and stability in the region, as well as thwart the increasingly aggressive and dangerous maritime activities of the Iranian Revolutionary Guard Corps.” He went on to say that these FRCs are “a perfect complement to the capabilities of both the Navy and Marine Corps. United, we bring a range of maritime capabilities to employ across the cooperation-competition-lethality continuum.”
PATFORSWA is composed of six cutters, shoreside support personnel, and the Maritime Engagement Team. The unit’s mission is to train, organize, equip, support and deploy combat-ready Coast Guard Forces in support of U.S. Central Command and national security objectives. PATFORSWA works with Naval Forces Central Command in furthering their goals to conduct persistent maritime operations to forward U.S. interests, deter and counter disruptive countries, defeat violent extremism and strengthen partner nations’ maritime capabilities in order to promote a secure maritime environment.
Each FRC is named for an enlisted Coast Guard hero who distinguished themselves in the line of duty. John Scheuerman, Seaman First Class, United States Coast Guard Reserve was posthumously presented the Silver Star Medal for service as set forth in the following citation: “For conspicuous gallantry and intrepidity in action while serving on board the U.S.S. LCI (L) 319 during the amphibious invasion of Italy, September 9, 1943. Observing an enemy fighter plane diving in for a strafing attack as his vessel approached the assault beaches in the Gulf of Salerno, Scheuerman unhesitatingly manned his battle station at an exposed antiaircraft gun and, with cool courage and aggressive determination, exerted every effort to direct accurate gunfire against the hostile aircraft. Although mortally wounded before he could deliver effective fire, he remained steadfast at his post in the face of imminent death, thereby contributing materially to the protection of his ship against further attack. Scheuerman’s fearless action, great personal valor and selfless devotion to duty under extremely perilous conditions were in keeping with the highest traditions of the United States Naval Service.” Scheuerman also posthumously received the Purple Heart Medal.
About the Fast Response Cutter Platform
The FRC is an operational “game changer,” according to senior Coast Guard officials. FRCs are consistently being deployed in support of the full range of missions within the United States Coast Guard and other branches of our armed services. This is due to its exceptional performance, expanded operational reach and capabilities, and ability to transform and adapt to the mission. FRCs have conducted operations as far as the Marshall Islands—a 4,400 nautical mile trip from their homeport. Measuring in at 154-feet, FRCs have a flank speed of 28 knots, state of the art C4ISR suite (Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance), and stern launch and recovery ramp for a 26-foot, over-the-horizon interceptor cutter boat.
About Bollinger Shipyards LLC
Bollinger Shipyards LLC (www.bollingershipyards.com) has a 75-year legacy as a leading designer and builder of high performance military patrol boats and salvage vessels, research vessels, ocean-going double hull barges, offshore oil field support vessels, tugboats, rigs, lift boats, inland waterways push boats, barges, and other steel and aluminum products from its new construction shipyards as part of the U. S. industrial base. Bollinger has 11 shipyards, all strategically located throughout Louisiana with direct access to the Gulf of Mexico, Mississippi River and the Intracoastal Waterway. Bollinger is the largest vessel repair company in the Gulf of Mexico region.
Eric Bollinger
Vice President of Sales
Tel.: 985-532-2554
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
CHICAGO--(BUSINESS WIRE)--ADM (NYSE: ADM), a global leader in nutrition and agricultural origination and processing, announced today that it has reached an agreement to sell its ethanol production complex in Peoria, Illinois, to BioUrja Group.
“The sale of our Peoria facility is an important element of the strategic review of our dry mill ethanol assets,” said ADM CEO Juan Luciano. “By reducing our ethanol capacity by 135 million gallons and redeploying the resulting capital to other strategic growth investments, we’re continuing the dynamic transformation of ADM’s business portfolio that we began a decade ago. We continue to execute on our strategic priorities, and we are excited about the opportunities ahead of us as we drive sustainable growth.”
BioUrja Group’s Chairman & CEO, Amit Bhandari, remarked that: “As a leading supplier of biofuels, we are excited to enter into the bio-ethanol production sector and become more vertically integrated. We are enthused about the growing beverage-grade and highly-distilled industrial alcohol markets, which are the focus of the Peoria plant, and are glad to absorb supplemental fuel ethanol into our existing supply capabilities. This is an opportunity for us to continue our growth in the renewables sector and participate in the global energy transition. It’s a double bottom-line deal for us because of the strong financial performance of the plant and its contributions to our ESG strategy.”
The deal is expected to close in the coming weeks. ADM will work closely with BioUrja to ensure a smooth transition of the approximately 150 colleagues at Peoria.
“I’d like to thank our colleagues in Peoria, who have done superb work, including as we flexed to meet surging customer needs for industrial alcohol for use in hand sanitizer last year,” Luciano continued. “We appreciate their dedication, and know they’ll be a tremendous asset for BioUrja.”
BioUrja Group’s Chief Operating Officer, Shék Jain, who managed the transaction on BioUrja’s behalf, echoed those sentiments by stating: “We welcome ADM’s Peoria plant employees to our family. We know that they are excellent performers and are dedicated to ensuring the plant is run with exceptional care. We are proud to include them in our team. We are also grateful for ADM’s corporate personnel, who worked tirelessly in ensuring the success of this transaction.”
Forward-Looking Statements
Some of the above statements constitute forward-looking statements. ADM’s filings with the SEC provide detailed information on such statements and risks, and should be consulted along with this release. To the extent permitted under applicable law, ADM assumes no obligation to update any forward-looking statements.
About ADM
At ADM, we unlock the power of nature to provide access to nutrition worldwide. With industry-advancing innovations, a complete portfolio of ingredients and solutions to meet any taste, and a commitment to sustainability, we give customers an edge in solving the nutritional challenges of today and tomorrow. We’re a global leader in human and animal nutrition and the world’s premier agricultural origination and processing company. Our breadth, depth, insights, facilities and logistical expertise give us unparalleled capabilities to meet needs for food, beverages, health and wellness, and more. From the seed of the idea to the outcome of the solution, we enrich the quality of life the world over. Learn more at www.adm.com.
About the BioUrja Group
The BioUrja Group is an energy and agricultural commodity trading and supply group that includes BioUrja Trading, RiverCrest Power, West Plains, Energy Alloys Global Solutions, BioUrja Terminals & Land, and BioUrja Capital, among others. The Group supplies biofuels, grains, animal feed ingredients, specialty metal alloy pipes, and refined products to customers, as well as trades electric power, and owns and operates energy logistics terminals and grain storage facilities. The Group is headquartered in Houston, Texas and has offices in Mexico, the United Kingdom, United Arab Emirates, India, Singapore, and across the midwestern USA.
Source: Corporate Release
ADM Media Relations
Jackie Anderson
This email address is being protected from spambots. You need JavaScript enabled to view it.
312-634-8484
HOUSTON--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone,” “BSM,” or “the Company”) expects to declare the distribution attributable to the third quarter of 2021 after the close of trading on October 27, 2021.
The Company is scheduled to release details regarding its results for the third quarter of 2021 after the close of trading on November 1, 2021. A conference call to discuss these results is scheduled for November 2, 2021 at 9:00 a.m. Central time (10:00 a.m. Eastern time). The conference call will be broadcast live in listen-only mode on the company’s investor relations website at www.blackstoneminerals.com. If you would like to ask a question, the dial-in number for the conference call is 877-447-4732 for domestic participants and 615-247-0077 for international participants. The conference ID for the call is 4659348. Call participants are advised to call in 10 minutes in advance of the call start time.
A telephonic replay of the conference call will be available approximately two hours after the call through December 2, 2021, at 855-859-2056 for domestic replay and 404-537-3406 for international replay. The conference ID for the replay is 4659348.
About Black Stone Minerals, L.P.
Black Stone Minerals is one of the largest owners of oil and natural gas mineral interests in the United States. The Company owns mineral interests and royalty interests in 41 states in the continental United States. Black Stone believes its large, diversified asset base and long-lived, non-cost-bearing mineral and royalty interests provide for stable to growing production and reserves over time, allowing the majority of generated cash flow to be distributed to unitholders.
Black Stone Minerals, L.P. Contacts
Jeff Wood
President and Chief Financial Officer
Evan Kiefer
Vice President, Finance and Investor Relations
Telephone: (713) 445-3200
This email address is being protected from spambots. You need JavaScript enabled to view it.
Index tracks clean energy companies that produce energy from wind, solar, hydro, and other renewable sources
ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company, announced today that it has been chosen to be a part of the S&P Global Clean Energy Index, which includes up to 100 clean energy-related companies worldwide. The Index aims to track companies from both developed and emerging markets that produce energy from wind, solar, hydro, and other renewable sources, as well as companies that build and provide clean technology.
“We are honored to be included in the S&P Clean Energy Index as it further affirms and recognizes our ESG+F strategy,” said CEO of AVANGRID Dennis Arriola. “AVANGRID is focused on being clean and connected - we see this as a better and balanced way to do business – doing well by doing good for our customers, employees, communities and shareholders.”
As one of the cleanest U.S. utilities and a leader in renewable energy, AVANGRID has committed to the following ESG+F goals:
Click here for more about the S&P Global Clean Energy Index.
Media:
Adam Gaber, 917.224.6176 or
This email address is being protected from spambots. You need JavaScript enabled to view it.
Analysts:
Patricia Cosgel, 203.499.2624 or
This email address is being protected from spambots. You need JavaScript enabled to view it.
DALLAS--(BUSINESS WIRE)--The Board of Directors of Holly Energy Partners, L.P. (NYSE:HEP) has declared a cash distribution of $0.35 per unit for the third quarter of 2021. The distribution will be paid on November 12, 2021 to unitholders of record on November 1, 2021.
Holly Energy plans to announce results for its third quarter of 2021 on November 2, 2021 before the opening of trading on the NYSE. The Partnership has scheduled a webcast conference on November 2, 2021 at 4:00 p.m. Eastern time to discuss financial results.
The webcast may be accessed at:
https://events.q4inc.com/attendee/931953223
About Holly Energy Partners, L.P.:
Holly Energy Partners, L.P., headquartered in Dallas, Texas, provides petroleum product and crude oil transportation, terminalling, storage and throughput services to the petroleum industry, including HollyFrontier Corporation subsidiaries. Holly Energy, through its subsidiaries and joint ventures, owns and/or operates petroleum product and crude gathering pipelines, tankage and terminals in Texas, New Mexico, Washington, Idaho, Oklahoma, Utah, Nevada, Wyoming and Kansas as well as refinery processing units in Kansas and Utah.
This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Please note that one hundred percent (100.0%) of Holly Energy’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, Holly Energy’s distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate.
Forward-looking Statement:
The statements in this press release relating to matters that are not historical facts are “forward-looking statements” within the meaning of the federal securities laws, including statements regarding funding of capital expenditures and distributions, distributable cash flow coverage and leverage targets. These statements are based on our beliefs and assumptions and those of our general partner using currently available information and expectations as of the date hereof, are not guarantees of future performance and involve certain risks and uncertainties. Although we and our general partner believe that such expectations reflected in such forward-looking statements are reasonable, neither we nor our general partner can give assurance that our expectations will prove to be correct. Therefore, actual outcomes and results could materially differ from what is expressed, implied or forecast in these statements. Any differences could be caused by a number of factors including, but not limited to:
The forward-looking statements speak only as of the date made and, other than as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Holly Energy Partners, L.P.
Craig Biery, 214-954-6511
Vice President, Investor Relations
or
Trey Schonter, 214-954-6511
Investor Relations
FuelSense® 2.0 reduces CO2 emissions and cuts Biffa’s diesel costs by up to 9%, with the upgrade paid back in four months.
AMPTHILL, U.K.--(BUSINESS WIRE)--Allison Transmission, a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions and the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and defense vehicles, will install FuelSense® 2.0 software to 493 Dennis Eagle and Mercedes-Benz Econic trucks operated by Biffa, a leading U.K. waste management company. This aftermarket order, the largest of its kind within the Europe, Middle East and Africa region, follows a six-month trial in which Biffa found that Allison’s FuelSense 2.0 delivered fuel savings of up to 9%.
“Allison’s FuelSense 2.0 software is expected to reduce carbon emissions from the Biffa fleet by 1.6 million kilograms per year, which is the equivalent of planting over 100,000 trees. Further FuelSense 2.0 will cut our diesel bills by over £600,000 per year, which will fully pay back the upgrade cost within just four months,” said Steve Lea, Fleet Commercial Manager at Biffa.
Biffa completed its trial of FuelSense 2.0 this spring in real-world working conditions on six of its Dennis Eagle trucks, three of which were assigned to municipal residential waste collection in Liverpool and three managed trade waste collection in Birmingham. These vehicles showed up to 9% in fuel efficiency improvements when following the same duty cycles as trucks without FuelSense.
Biffa is installing FuelSense 2.0 in trucks that are towards the end of their eight- to nine-year service life. The software is installed by Allison’s Authorized Distributors when the vehicles come into Biffa’s workshops for regular servicing.
“Biffa’s order affirms that FuelSense 2.0 software upgrades make great financial and environmental sense for the early adopters of Euro 6 engines from 2014 to 2018, vehicles which are now in mid- and late-life,” said Nathan Wilson, U.K. Account/Market Development Manager at Allison Transmission. “There are still about 7,000 Allison-equipped vehicles in service in the U.K. that would benefit from the upgrade, making the air cleaner in the local communities they serve and reducing fuel expenses by approximately £8 million per year. Furthermore, this documented test study has fully demonstrated the benefits of FuelSense 2.0 software in the trade waste sector.”
“Our six-month trial proved that upgrading vehicles with Allison’s FuelSense 2.0 has both environmental and economic benefits,” said Steve Cole, Group Fleet & Procurement Director at Biffa. “It also showed we can reduce carbon emissions and fuel costs not only in new vehicles, but also in those that have been in service for a long time. Even for trucks that are seven to nine years old, installing FuelSense 2.0 was a simple decision.”
At the heart of Allison’s FuelSense 2.0 software is DynActive® Shifting, an innovative shift scheduling that uses an algorithm to choose the optimal shift point based on your vehicle, specifications and environmental parameters, continuously delivering the ideal balance of fuel economy and performance.
To provide further fuel savings, FuelSense 2.0 is also offered with the options of Neutral at Stop technology, which reduces the load on the engine during low-speed coasting and when the vehicle is stopped, and customizable Acceleration Rate Management, which mitigates aggressive driving by automatically controlling engine torque.
About Allison Transmission
Allison Transmission (NYSE: ALSN) is a leading designer and manufacturer of vehicle propulsion solutions for commercial and defense vehicles, the largest global manufacturer of medium- and heavy-duty fully automatic transmissions, and a leader in electrified propulsion systems that Improve the Way the World Works. Allison products are used in a wide variety of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (school, transit and coach), motorhomes, off-highway vehicles and equipment (energy, mining and construction applications) and defense vehicles (tactical wheeled and tracked). Founded in 1915, the company is headquartered in Indianapolis, Indiana, USA. With a presence in more than 150 countries, Allison has regional headquarters in the Netherlands, China and Brazil, manufacturing facilities in the USA, Hungary and India, as well as global engineering resources, including electrification engineering centers in Indianapolis, Indiana, Auburn Hills, Michigan and London in the United Kingdom. Allison also has more than 1,400 independent distributor and dealer locations worldwide. For more information, visit allisontransmission.com.
Claire Gregory
Director, Global External Communications
This email address is being protected from spambots. You need JavaScript enabled to view it.
+1-317-694-2065
Miranda Jansen
Allison Transmission Europe
Marketing Communications
This email address is being protected from spambots. You need JavaScript enabled to view it.
+31 (0) 78 6422 174
HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its third quarter 2021 earnings conference call at 10:00 AM CDT on Friday, November 5, 2021. Forum will issue a press release regarding its third quarter 2021 earnings prior to the conference call.
To participate in the earnings conference call, please call 855-757-8876 within North America, or 631-485-4851 outside of North America. The access code is 4292575. The call will also be broadcast through the Investor Relations link on Forum’s website at www.f-e-t.com. Participants are encouraged to log in to the webcast or dial in to the conference call approximately ten minutes prior to the start time. A replay of the call will be available for two weeks after the call and may be accessed by dialing 855-859-2056 within North America, or 404-537-3406 outside of North America. The access code is 4292575.
FET (Forum Energy Technologies) is a global company, serving the oil, natural gas, industrial and renewable energy industries. FET provides value added solutions that increase the safety and efficiency of energy exploration and production. We are an environmentally and socially responsible company headquartered in Houston, TX with manufacturing, distribution and service facilities strategically located throughout the world. For more information, please visit www.f-e-t.com.
Lyle Williams
Executive Vice President and Chief Financial Officer
713.351.7920
This email address is being protected from spambots. You need JavaScript enabled to view it.
DALLAS--(BUSINESS WIRE)--Energy Transfer LP (“ET”) today announced the quarterly cash distribution of $0.4609375 per Series C Preferred Unit (NYSE: ETprC), the quarterly cash distribution of $0.4765625 per Series D Preferred Unit (NYSE: ETprD), and the quarterly cash distribution of $0.4750000 per Series E Preferred Unit (NYSE: ETprE). These cash distributions will be paid on November 15, 2021 to Series C, Series D and Series E unitholders of record as of the close of business on November 1, 2021.
The Series C, Series D and Series E preferred units were originally issued by Energy Transfer Operating, L.P. (“ETO”). On April 1, 2021, ETO merged into ET with ET surviving the merger. At the effective time of the merger, each issued and outstanding ETO preferred unit was converted into the right to receive one newly created ET preferred unit.
Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with a strategic footprint in all of the major domestic production basins. ET is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets; NGL fractionation; and various acquisition and marketing assets. ET also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and 28.5 million common units of Sunoco LP (NYSE: SUN), and the general partner interests and 46.1 million common units of USA Compression Partners, LP (NYSE: USAC). For more information, visit the Energy Transfer website at energytransfer.com.
Forward Looking Statements
This press release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. An extensive list of factors that can affect future results are discussed in the Partnership’s Annual Report on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission. In addition to the risks and uncertainties previously disclosed, the Partnership has also been, or may in the future be, impacted by new or heightened risks related to the COVID-19 pandemic, and we cannot predict the length and ultimate impact of those risks. The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.
This 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 Energy Transfer LP’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of Energy Transfer LP’s distributions to foreign investors are subject to federal tax withholding at the highest applicable effective tax rate. Nominees, and not Energy Transfer LP, are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors.
The information contained in this press release is available on our website at energytransfer.com.
Investor Relations:
Bill Baerg
Brent Ratliff
Lyndsay Hannah
214-981-0795
Media Relations:
Vicki Granado
214-840-5820
SANTA CLARITA, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) (“CRC” or the “Company”) today announced the publication of its 2020 Sustainability Update. The update provides details of CRC’s key environmental, social and governance (ESG) performance metrics as well as progress on its established 2030 Sustainability goals. Additionally, CRC has also published metrics following the guidance of the Sustainability Accounting Standards Board (SASB) and the American Petroleum Institute (API) to promote sector transparency.
Mac McFarland, President and CEO, stated, “We’ve re-evaluated our business strategy to see what more we could do to further the energy transition and are excited for the opportunities we have identified in carbon management and solar. We remain committed to extending our safety track record and continue to look for ways to further support local communities and improve our governance practices.”
Chris Gould, EVP and Chief Sustainability Officer, continued, “We are pleased with the accomplishments that we made in 2020 on environmental stewardship as we make progress on our previously set 2030 Sustainability goals which are aligned with the State of California.”
The 2020 Sustainability Update focuses on performance during 2020, 2019 and 2018 and is complemented by the new SASB and API templates. Highlights and achievements from the 2020 Sustainability Update include:
For more information about ESG at CRC, please visit our ESG page at https://crc.com/esg.
About California Resources Corporation (CRC)
California Resources Corporation (NYSE: CRC) is an independent oil and natural gas company committed to energy transition in the sector. CRC has some of the lowest carbon intensity production in the US and we are focused on maximizing the value of our land, mineral and technical resources for decarbonization by developing carbon capture and storage (CCS) and other emissions reducing projects. For more information about CRC, please visit www.crc.com.
Joanna Park
Investor Relations
818-661-3731
This email address is being protected from spambots. You need JavaScript enabled to view it.
Richard Venn
Media
818-661-6014
This email address is being protected from spambots. You need JavaScript enabled to view it.
Urban Paul
HSE & Sustainability
661-412-5100
This email address is being protected from spambots. You need JavaScript enabled to view it.
NEW YORK & CHARLOTTE, N.C.--(BUSINESS WIRE)--Sunlight Financial (“Sunlight”) (NYSE: SUNL), a premier, technology-enabled point-of-sale finance company, today announced it will release its third quarter 2021 financial results after the market closes on Monday, November 15, 2021.
Sunlight will hold a conference call to discuss the financial results at 5:00 pm Eastern Time on that day. A live webcast of the conference call will be available on Sunlight’s investor relations website at ir.sunlightfinancial.com.
The dial-in number for the conference call is (855) 327-6838 (toll-free) or (604) 235-2082 (international). Please dial the number 10 minutes prior to the scheduled start time.
A webcast replay of the call will be available at ir.sunlightfinancial.com for 90 days following the call. A replay will also be available until November 22, 2021 by dialing (844) 512-2921 or (412) 317-6671, using passcode 10016661.
About Sunlight Financial
Sunlight (NYSE: SUNL) is a premier, technology-enabled point-of-sale finance company. Sunlight partners with contractors nationwide to provide homeowners with financing for the installation of residential solar systems and other home improvements. Sunlight’s best-in-class technology and deep credit expertise simplify and streamline consumer finance, ensuring a fast and frictionless process for both contractors and homeowners. For more information, visit www.sunlightfinancial.com.
Investor Relations
Lucia Dempsey, Sunlight Financial
This email address is being protected from spambots. You need JavaScript enabled to view it.
888.315.0822
Public Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.
HOUSTON--(BUSINESS WIRE)--Aris Water Solutions, Inc. (“Aris Water”) today announced the pricing of its initial public offering of 17,650,000 shares of its Class A common stock at a price to the public of $13.00 per share. In addition, Aris Water has granted the underwriters a 30-day option to purchase up to an additional 2,647,500 shares of its Class A common stock at the public offering price, less underwriting discounts and commissions. The Class A common stock is expected to begin trading on the New York Stock Exchange under the ticker symbol “ARIS” on October 22, 2021, and the offering is expected to close on October 26, 2021, subject to the satisfaction of customary closing conditions.
Aris Water expects to receive net proceeds of approximately $213.8 million, after deducting underwriting discounts and commissions and estimated expenses payable by Aris Water and excluding any exercise of the underwriters’ option to purchase additional shares, and to use such proceeds for distributions to existing owners and for general corporate purposes.
Goldman Sachs & Co. LLC and Citigroup are acting as joint book-running managers and representatives of the underwriters for the offering. J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, Barclays Capital Inc. and Evercore Group L.L.C. are also serving as joint book-running managers for the offering.
A registration statement relating to the shares being sold in this offering was declared effective by the U.S. Securities and Exchange Commission on October 21, 2021. The offering of these securities was made only by means of a prospectus that meets the requirements of Section 10 of the Securities Act of 1933. A copy of the preliminary prospectus may be obtained from: Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it.; or Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at 1-800-831-9146.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About Aris Water Solutions, Inc.
Aris Water Solutions, Inc. is a leading, growth-oriented environmental infrastructure and solutions company that directly helps its customers reduce their water and carbon footprints. Aris Water delivers full-cycle water handling and recycling solutions that increase the sustainability of energy company operations. Its integrated pipelines and related infrastructure create long-term value by delivering high-capacity, comprehensive produced water management, recycling and supply solutions to operators in the core areas of the Permian Basin.
Cautionary Statement Concerning Forward-Looking Statements
Certain statements contained in this press release constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, including statements regarding the closing of the initial public offering and Aris Water's use of proceeds from the offering, represent Aris Water’s expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Aris Water’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements.
Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Aris Water does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for Aris Water to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the preliminary prospectus filed with the SEC in connection with Aris Water’s initial public offering. The risk factors and other factors noted in Aris Water’s preliminary prospectus could cause its actual results to differ materially from those contained in any forward-looking statement.
Media Contact:
Casey Nikoloric
Managing Principal, TEN |10 Group
303.507.0510 m
303.433-4397 o
This email address is being protected from spambots. You need JavaScript enabled to view it.
ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) announces that its wholly owned subsidiary, Atlantic Projects Company (“APC”), recently entered into an engineering and construction services contract with EPUKI London, UK, to construct a 2 x 330 MW natural gas-fired power plant in Carrickfergus, Belfast, Northern Ireland. The power trains will be provided by Siemens Energy which will utilize SGT5-4000F gas turbines. The facility is being developed by EPNI Energy Limited. A notice to proceed has been received with certain project activities having commenced. The overall project completion date is expected in the latter half of 2023.
“This is a major investment by EPUKI which will create a significant new electricity generation asset for the island of Ireland. We are delighted to have been chosen by EPUKI to provide engineering and construction services for this strategic project and we look forward to its successful delivery,” said Billy Nolan, Managing Director, Atlantic Projects Company.
This is APC’s largest project to date under Argan’s ownership. Argan anticipates adding this project to backlog with immediate effect.
About Argan, Inc.
Argan’s primary business is providing a full range of services to the power industry including the renewable energy sector. Argan’s service offerings focus primarily on the engineering, procurement and construction of natural gas-fired power plants, along with related commissioning, operations management, maintenance, project development and consulting services, through its Gemma Power Systems and Atlantic Projects Company operations. Argan also owns SMC Infrastructure Solutions, which provides telecommunications infrastructure services, and The Roberts Company, which is a fully integrated fabrication, construction and industrial plant services company.
Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws and are subject to risks and uncertainties including, but not limited to, the Company’s successful addition of new contracts to project backlog, the Company’s receipt of corresponding notices to proceed with contract activities and the Company’s ability to successfully complete the projects that it obtains. The Company has entered into several EPC contracts that have not started and may not start as planned due to market and other circumstances out of the Company’s control. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in Argan’s filings with the SEC. In addition, reference is hereby made to cautionary statements with respect to risk factors set forth in the Company’s most recent reports on Forms 10-K and 10-Q, and in other SEC filings.
Company Contact:
Rainer Bosselmann
301.315.0027
Investor Relations Contact:
David Watson
301.315.0027
DALLAS--(BUSINESS WIRE)--Kosmos Energy Ltd. (“Kosmos”) (NYSE/LSE:KOS) announced today the pricing of $400 million aggregate principal amount of its 7.750% senior notes due 2027. The offering is expected to close on October 26, 2021, subject to customary closing conditions. Kosmos intends to use the net proceeds from the offering, together with cash on hand, to refinance the $400 million aggregate principal amount of private placement notes the Company issued to fund its acquisition of Anadarko WCTP Company.
The securities offered will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws and, unless so registered, the securities may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities or blue sky laws and foreign securities laws. The senior notes and the related guarantees were offered only to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration set forth in Rule 144A under the Securities Act and, outside the United States, to non-U.S. persons in reliance on the exemption from registration set forth in Regulation S under the Securities Act.
This press release is being issued pursuant to, and in accordance with, Rule 135c under the Securities Act, and is neither an offer to sell nor a solicitation of an offer to buy the notes or any other securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the notes or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful.
About Kosmos Energy
Kosmos is a full-cycle deepwater independent oil and gas exploration and production company focused along the Atlantic Margins. Our key assets include production offshore Ghana, Equatorial Guinea and the U.S. Gulf of Mexico, as well as a world-class gas development offshore Mauritania and Senegal. We also maintain a sustainable proven basin exploration program in Equatorial Guinea, Ghana and the U.S. Gulf of Mexico. Kosmos is listed on The New York Stock Exchange and London Stock Exchange and is traded under the ticker symbol KOS. As an ethical and transparent company, Kosmos is committed to doing things the right way. The Company’s Business Principles articulate our commitment to transparency, ethics, human rights, safety and the environment.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Kosmos expects, believes or anticipates will or may occur in the future are forward-looking statements. Kosmos’ estimates and forward-looking statements are mainly based on its current expectations and estimates of future events and trends, which affect or may affect its businesses and operations. Although Kosmos believes that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made in light of information currently available to Kosmos. When used in this press release, the words “anticipate,” “believe,” “intend,” “expect,” “plan,” “will” or other similar words are intended to identify forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Kosmos (including, but not limited to, the impact of the COVID-19 pandemic), which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Further information on such assumptions, risks and uncertainties is available in Kosmos’ Securities and Exchange Commission (“SEC”) filings. Kosmos undertakes no obligation and does not intend to update or correct these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by applicable law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.
European Economic Area and United Kingdom Notices
Financial Conduct Authority (FCA) stabilization rules apply.
MiFIR professionals / ECPs only / No PRIIPs / UK PRIIPs KID - Manufacturer target market (MiFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs regulation key information document (KID) has been prepared as the notes are not available to retail investors in the EEA or the United Kingdom.
Investor Relations
Jamie Buckland
+44 (0) 203 954 2831
This email address is being protected from spambots. You need JavaScript enabled to view it.
Media Relations
Thomas Golembeski
+1-214-445-9674
This email address is being protected from spambots. You need JavaScript enabled to view it.
First report to include company-wide greenhouse gas (GHG) Scope 1 and Scope 2 emissions data
HOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) announced today the publication of its 2020 Environmental, Social and Governance (ESG) report. This report further enhances the company’s ESG disclosure by including company-wide Scope 1 and Scope 2 GHG emissions and GHG emissions intensity, fulfilling its commitment in the 2017 ESG Report to report this data by 2021. The 2020 report also includes KMI’s procurement-related spend with diverse suppliers and expands the disclosure of other metrics such as water usage and contractor safety.
“We are excited to report on our Scope 1 and Scope 2 GHG emissions for the first time,” said KMI’s Chief Operating Officer James Holland. “This deeper analysis of our emissions and emission sources enables us to take the first steps toward establishing achievable GHG emission reduction targets. It also helps us to effectively make further GHG reductions across our asset footprint.”
KMI remains committed to implementing methane reduction strategies to avoid methane emissions, a potent GHG, that otherwise would have been emitted during operations. As a result of this focus, the company achieved a methane emission intensity rate in 2020 of 0.04% of methane emissions per unit of natural gas throughput on its transmission and storage assets, surpassing its 2025 methane intensity target of 0.31% for the fourth year in a row.
In addition to reducing methane emissions from its operations, KMI pursued opportunities to address climate change by expanding its natural gas transmission and LNG businesses and investing in renewable natural gas, biodiesel, ethanol and renewable diesel. The company has also joined three pilot projects that bring together players across the energy value chain to transport responsibly sourced natural gas to communities in Colorado and the Northeast United States. Additionally, KMI is using its newly formed energy transition ventures group to identify, analyze, and pursue additional commercial opportunities emerging from the transition to low carbon energy.
The 2020 ESG report is available on the KMI website on the ESG Reports page. In addition, an updated presentation with information from the 2020 ESG report is available on the Events and Presentations page on the investor relations section of the KMI website.
About Kinder Morgan, Inc.
Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy infrastructure companies in North America. Access to reliable, affordable energy is a critical component for improving lives around the world. We are committed to providing energy transportation and storage services in a safe, efficient, and environmentally responsible manner for the benefit of the people, communities and businesses we serve. We own an interest in or operate approximately 83,000 miles of pipelines and 144 terminals. Our pipelines transport natural gas, renewable fuels, refined petroleum products, crude oil, condensate, CO2 and other products, and our terminals store and handle various commodities including gasoline, diesel fuel, chemicals, ethanol, metals and petroleum coke. Learn more about our renewables initiatives on the low carbon solutions page at www.kindermorgan.com.
Important Information Relating to Forward-Looking Statements
This news release includes forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities and Exchange Act of 1934. Generally the words “expects,” “believes,” anticipates,” “plans,” “will,” “shall,” “estimates,” and similar expressions identify forward-looking statements, which are not historical in nature. Forward-looking statements in this news release include express or implied statements concerning KMI’s business strategy and reduction of greenhouse gas emissions. Forward-looking statements are subject to risks and uncertainties and are based on the beliefs and assumptions of management, based on information currently available to them. Although KMI believes that these forward-looking statements are based on reasonable assumptions, it can give no assurance as to when or if any such forward-looking statements will materialize or their ultimate impact on KMI’s operations or financial condition. Important factors that could cause actual results to differ materially from those expressed in or implied by these forward-looking statements include the assumptions, risks and uncertainties described in KMI’s ESG report and its reports filed with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K for the year-ended December 31, 2020 (under the headings “Risk Factors” and “Information Regarding Forward-Looking Statements” and elsewhere) and its subsequent reports, which are available through the SEC’s EDGAR system at www.sec.gov and on KMI’s website at ir.kindermorgan.com. Forward-looking statements speak only as of the date they were made, and except to the extent required by law, KMI undertakes no obligation to update any forward-looking statement because of new information, future events or other factors. Because of these risks and uncertainties, readers should not place undue reliance on these forward-looking statements.
Kinder Morgan Contacts
Media Relations
Katherine Hill
(713) 469-9176
This email address is being protected from spambots. You need JavaScript enabled to view it.
Investor Relations
(800) 348-7320
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.kindermorgan.com
HALIFAX, Nova Scotia--(BUSINESS WIRE)--Emera Incorporated (“Emera”) today announced the approval by the Florida Public Service Commission of Tampa Electric’s previously announced rate settlement agreement. This approval concludes all matters in this rate filing.
Please refer to our August 6, 2021 press release found here for further information.
Forward Looking Information
This news release contains forward-looking information within the meaning of applicable securities laws. By its nature, forward-looking information requires Emera to make assumptions and is subject to inherent risks and uncertainties. These statements reflect Emera management’s current beliefs and are based on information currently available to Emera management. There is a risk that predictions, forecasts, conclusions and projections that constitute forward-looking information will not prove to be accurate, that Emera’s assumptions may not be correct and that actual results may differ materially from such forward-looking information. Additional detailed information about these assumptions, risks and uncertainties is included in Emera’s securities regulatory filings, including under the heading “Business Risks and Risk Management” in Emera’s annual Management’s Discussion and Analysis, and under the heading “Principal Risks and Uncertainties” in the notes to Emera’s annual and interim financial statements, which can be found on SEDAR at www.sedar.com.
About Emera
Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, with approximately $31 billion in assets and 2020 revenues of more than $5.5 billion. The company primarily invests in regulated electricity generation and electricity and gas transmission and distribution with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments in Canada, the United States and in four Caribbean countries. Emera’s common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, EMA.PR.F, EMA.PR.H, EMA.PR.J and EMA.PR.L. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR and on The Bahamas International Securities Exchange under the symbol EMAB. Additional information can be accessed at www.emera.com or at www.sedar.com.
Source: Emera Inc.
Emera Inc.
Investor Relations
Dave Bezanson VP, Investor Relations & Pensions
902-474-2126
This email address is being protected from spambots. You need JavaScript enabled to view it.
Media
902-222-2683
This email address is being protected from spambots. You need JavaScript enabled to view it.
Offshore Source keeps you updated with relevant information concerning the Offshore Energy Sector.
Any views or opinions represented on this website belong solely to the author and do not represent those of the people, institutions or organizations that Offshore Source or collaborators may or may not have been associated with in a professional or personal capacity, unless explicitly stated.