Petroleum

Orion Group Holdings Announces Significant Contract Award for Port Everglades Bulkhead Replacement Project

Retrieved on: 
Thursday, May 9, 2024

HOUSTON, May 09, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today announced a significant contract award valued at nearly $80 million for its Marine construction business.

Key Points: 
  • HOUSTON, May 09, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today announced a significant contract award valued at nearly $80 million for its Marine construction business.
  • The contract was awarded by Port Everglades Seaport Engineering & Construction Division through Moss Construction as Managing General Contractor for the Port Everglades Bulkhead Replacement Project – Group 1, a pivotal infrastructure upgrade at one of the nation’s busiest ports.
  • Orion has supported Port Everglades and worked with Moss successfully on previous projects.
  • Orion Group Holdings won the Port Everglades Bulkhead Replacement Project award through a competitive bid process.

Boomi Announces 2024 Partner Award Winners

Retrieved on: 
Tuesday, May 7, 2024

Boomi™ , the intelligent integration and automation leader, announced today the winners of its 2024 Partner Awards, recognized at the 2024 Boomi Partner Summit held in Denver, Colorado.

Key Points: 
  • Boomi™ , the intelligent integration and automation leader, announced today the winners of its 2024 Partner Awards, recognized at the 2024 Boomi Partner Summit held in Denver, Colorado.
  • View the full release here: https://www.businesswire.com/news/home/20240507194022/en/
    Boomi Announces 2024 Partner Award Winners (Graphic: Business Wire)
    Winners were selected based on how they utilized the breadth of the Boomi platform to enable creativity and innovation, scope and complexity, and environmental or social impact.
  • “Their dedication and efforts play a pivotal role in optimizing operational efficiencies and leveraging automation to confront the dynamic challenges of contemporary business landscapes.”
    This year’s winners by category include:
    Global Partner of the Year: Infosys Limited
    Americas Partner of the Year: RSM US LLP
    EMEA Partner of the Year: Cognizant Technology Solutions Corporation
    APJ Partner of the Year: Atturra
    OEM Partner of the Year: UKG Inc.
    ISV Partner of the Year: Amazon Web Services (AWS)
    Technology Partner of the Year: Solace Corporation
    Emerging Technology Partner of the Year: Thru Inc.
    Boomi offers end-to-end intelligent automation solutions that enable modern, digital organizations to accelerate business outcomes.
  • To learn more about Boomi’s partner program, or to find a partner from Boomi’s global ecosystem, visit https://boomi.com/partners/ .

SENATOR LENA GONZALEZ AND THE CAMPAIGN FOR A SAFE AND HEALTHY CALIFORNIA CALL ON LEGISLATURE TO INVESTIGATE POTENTIAL TAX AND LEGAL LOOPHOLES EXPLOITED BY BIG OIL

Retrieved on: 
Wednesday, May 8, 2024

SACRAMENTO, Calif., May 8, 2024 /PRNewswire/ -- As Big Oil continues to spend more than $60 million on a misinformation campaign, lying to voters about the public health benefits of keeping a law (SB 1137 - Senator Lena Gonzalez) that protects communities from toxic oil and gas drilling, the Campaign for a Safe and Healthy California and Senator Lena Gonzalez are calling on the State Legislature to investigate a shady tactic Big Oil is employing to fund their campaign of deception.

Key Points: 
  • Despite record breaking profits, fourteen oil companies avoided making direct contributions to their campaign to overturn Senator Gonzalez's law to keep California schools and neighborhoods safe from toxic drilling (SB 1137).
  • "I am calling on my colleagues in the Legislature to investigate this practice and close any loopholes we find."
  • Big Oil has a history of obfuscating how and where they are spending money on political campaigns.
  • For more information about our campaign, please visit our website at: www.CAvsBigOil.com
    Paid for by Campaign for a Safe and Healthy California, sponsored by nonprofit environmental and health organizations.

CNOOC Limited Announces Bozhong 19-6 Gas Field 13-2 Block 5 Well Site Development Project On-stream

Retrieved on: 
Tuesday, May 7, 2024

HONG KONG, May 6, 2024 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces today that Bozhong 19-6 Gas Field 13-2 Block 5 Well Site Development Project has commenced production.

Key Points: 
  • HONG KONG, May 6, 2024 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces today that Bozhong 19-6 Gas Field 13-2 Block 5 Well Site Development Project has commenced production.
  • The main production facilities include a wellhead platform, with 10 development wells planned to be commissioned.
  • The project is expected to achieve a peak production of approximately 5,800 barrels of oil equivalent per day in 2026.
  • CNOOC Limited holds 100% interest in this project and acts as the operator.

Appia Announces Appointment of Mr. Andre Costa as New VP Exploration for Brazil Operations

Retrieved on: 
Tuesday, April 23, 2024

Toronto, Ontario--(Newsfile Corp. - April 23, 2024) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FWB: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") announced today the appointment of Mr. Andre Costa as its new VP Exploration for its Brazil Operation effective immediately.

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - April 23, 2024) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FWB: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") announced today the appointment of Mr. Andre Costa as its new VP Exploration for its Brazil Operation effective immediately.
  • Mr. Costa will oversee the ongoing development of the Company's PCH Ionic Adsorption Clay project located in Goias, Brazil.
  • Mr. Costa has worked as Brazil's Exploration Manager of Great Western Diamond and Brazil Potash ($120 Mi budget).
  • The Company has granted 500,000 options exercisable at $0.15 per share for five years to Mr. Costa vesting 50% at 6 months and 50% at 12 months.

Valeura Energy Inc.: Three Oil Discoveries in the Gulf of Thailand

Retrieved on: 
Monday, April 15, 2024

SINGAPORE, April 15, 2024 (GLOBE NEWSWIRE) -- Valeura Energy Inc. (TSX:VLE, OTCQX:VLERF) ("Valeura" or the "Company"), the upstream oil and gas company with assets in the Gulf of Thailand and the Thrace Basin of Türkiye, is pleased to announce three oil discoveries on its assets in the offshore Gulf of Thailand.

Key Points: 
  • SINGAPORE, April 15, 2024 (GLOBE NEWSWIRE) -- Valeura Energy Inc. (TSX:VLE, OTCQX:VLERF) ("Valeura" or the "Company"), the upstream oil and gas company with assets in the Gulf of Thailand and the Thrace Basin of Türkiye, is pleased to announce three oil discoveries on its assets in the offshore Gulf of Thailand.
  • "I am pleased to announce that our exploration drilling campaign has resulted in three new oil discoveries, one in the Nong Yao D area, and two in the north-east portion of the Wassana concession.
  • The well was drilled to 12,388 feet MD (5,782 feet TVD) and discovered approximately 40 feet of new oil pay.
  • The Company is targeting first oil from Nong Yao C in early Q3 2024.

Astatine Investment Partners Successfully Exits HEP Catalyst InvestCo Investment

Retrieved on: 
Tuesday, April 30, 2024

Astatine Investment Partners (“AIP” or “Astatine,” formerly Alinda Capital Partners), a leading private equity firm focused on infrastructure investments, today announced the successful exit of its investment in HEP Catalyst InvestCo, a joint venture that indirectly owns a 50% stake in an oil gathering and gas processing system in the Permian Basin, to one of its joint venture partners, Howard Energy Partners, a diversified midstream energy company headquartered in San Antonio, Texas.

Key Points: 
  • Astatine Investment Partners (“AIP” or “Astatine,” formerly Alinda Capital Partners), a leading private equity firm focused on infrastructure investments, today announced the successful exit of its investment in HEP Catalyst InvestCo, a joint venture that indirectly owns a 50% stake in an oil gathering and gas processing system in the Permian Basin, to one of its joint venture partners, Howard Energy Partners, a diversified midstream energy company headquartered in San Antonio, Texas.
  • HEP Catalyst InvestCo (“Catalyst”) owns 50% of Catalyst Midstream Partners, which owns and operates an oil gathering pipeline system and three gas processing plants in the Delaware Basin of the greater Permian Basin.
  • Funds managed by Astatine Investment Partners acquired an interest in Catalyst in 2017, when Catalyst was formed as a joint venture with Howard Midstream Energy Partners (“Howard”).
  • Astatine’s exit of Catalyst marks the second investment alongside Howard; Astatine also owned a large stake in Howard from 2013 to 2022.

Franklin Templeton Fund Adviser, LLC Announces Distributions for the Month of May 2024

Retrieved on: 
Monday, April 29, 2024

ClearBridge MLP and Midstream Fund Inc.

Key Points: 
  • ClearBridge MLP and Midstream Fund Inc.
    ClearBridge Energy Midstream Opportunity Fund Inc.
    ClearBridge MLP and Midstream Total Return Fund Inc.
  • The distributions may be treated as dividend income, return of capital or a combination thereof for tax purposes.
  • Franklin Templeton Fund Adviser, LLC (formerly known as Legg Mason Partners Fund Advisor, LLC) is an indirect, wholly-owned subsidiary of Franklin Resources, Inc. (“Franklin Resources”).
  • Franklin Resources and its affiliates do not engage in selling shares of the Funds.

Hess Midstream LP Reports Estimated Results for the First Quarter of 2024

Retrieved on: 
Thursday, April 25, 2024

Hess Midstream LP (NYSE: HESM) (“Hess Midstream” or the "company") today reported first quarter 2024 net income of $161.9 million compared with net income of $142.2 million for the first quarter of 2023.

Key Points: 
  • Hess Midstream LP (NYSE: HESM) (“Hess Midstream” or the "company") today reported first quarter 2024 net income of $161.9 million compared with net income of $142.2 million for the first quarter of 2023.
  • We refer to certain results as “attributable to Hess Midstream LP,” which exclude the noncontrolling interests in Hess Midstream Operations LP owned by the Sponsors.
  • Revenues and other income in the first quarter of 2024 were $355.6 million compared with $305.0 million in the prior‑year quarter.
  • For 2025 and 2026, Hess Midstream continues to expect organic throughput volume growth across all systems relative to 2024 volume guidance.

Gorman-Rupp Company Declares Cash Dividend

Retrieved on: 
Friday, April 26, 2024

The Board of Directors of The Gorman-Rupp Company (NYSE: GRC) has declared a quarterly cash dividend of $0.18 per share on the common stock of the Company, payable June 10, 2024, to shareholders of record May 15, 2024.

Key Points: 
  • The Board of Directors of The Gorman-Rupp Company (NYSE: GRC) has declared a quarterly cash dividend of $0.18 per share on the common stock of the Company, payable June 10, 2024, to shareholders of record May 15, 2024.
  • This will mark the 297th consecutive quarterly dividend paid by The Gorman-Rupp Company.
  • Founded in 1933, The Gorman-Rupp Company is a leading designer, manufacturer and international marketer of pumps and pump systems for use in diverse water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire suppression, heating, ventilating and air conditioning (HVAC), military and other liquid-handling applications.
  • In connection with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, The Gorman-Rupp Company provides the following cautionary statement: This news release contains various forward-looking statements based on assumptions concerning The Gorman-Rupp Company’s operations, future results and prospects.