Shell

CRC Play To Buy Aera Is Way To Avoid Plugging Idle Wells, Extending Life Of Depleted Oil Fields Via Unproven Technology, Say Consumer Watchdog and FrackTracker Alliance

Retrieved on: 
Wednesday, February 7, 2024

The purchase of Aera brings CRC's count of idle wells producing no oil from about 6,700 up to nearly 16,000 wells.

Key Points: 
  • The purchase of Aera brings CRC's count of idle wells producing no oil from about 6,700 up to nearly 16,000 wells.
  • The two companies avoid the costs of plugging them because the state charges very little in fines.
  • The real play appears to be that CRC wants Aera's oil fields as a potential site to store carbon from unproven carbon capture programs.
  • The state never required the two oil giants to put up the money to cover full plugging and remediation of Aera's wells.

Transaction in Own Shares

Retrieved on: 
Wednesday, February 7, 2024

These share purchases form part of the on- and off-market limbs of the Company's existing share buy-back programme previously announced on 1 February 2024.

Key Points: 
  • These share purchases form part of the on- and off-market limbs of the Company's existing share buy-back programme previously announced on 1 February 2024.
  • In respect of this programme, Citigroup Global Markets Limited will make trading decisions in relation to the securities independently of the Company for a period from 1 February 2024 up to and including 26 April 2024.
  • The on-market limb will be effected within certain pre-set parameters and in accordance with the Company’s general authority to repurchase shares on-market.
  • The off-market limb will be effected in accordance with the Company’s general authority to repurchase shares off-market pursuant to the off-market buyback contract approved by its shareholders and the pre-set parameters set out therein.

T-Mobile Customers Now Have “Magenta Status” — VIP Vibes with One-of-a-Kind Benefits Across Premium Brands and Services

Retrieved on: 
Wednesday, February 7, 2024

Magenta Status gives T-Mobile customers VIP vibes with an exclusive suite of benefits with the brands they love — JUST for being customers.

Key Points: 
  • Magenta Status gives T-Mobile customers VIP vibes with an exclusive suite of benefits with the brands they love — JUST for being customers.
  • With Magenta Status, customers can get 15% off across Hilton’s 22 leading hotel brands worldwide, from Hampton to Curio Collection by Hilton, Waldorf Astoria and more.
  • Silver benefits include things like free Wi-Fi, a fifth night free on reward stays, all-inclusive spa discount and more.
  • New Benefits, New App: Introducing T Life, a brand-new app to make it easy for T-Mobile customers to keep track of their perks, VIP benefits, T-Mobile Tuesdays and more.

Prudential assumes $4.9 billion in pension obligations for 21,500 Shell U.S. retirees

Retrieved on: 
Wednesday, February 7, 2024

Prudential Financial, Inc. (PFI) ( NYSE: PRU ) closed a pension risk transfer transaction with Shell USA, Inc. for $4.9 billion in pension obligations covering a block of about 21,500 of the company’s U.S. retirees.

Key Points: 
  • Prudential Financial, Inc. (PFI) ( NYSE: PRU ) closed a pension risk transfer transaction with Shell USA, Inc. for $4.9 billion in pension obligations covering a block of about 21,500 of the company’s U.S. retirees.
  • View the full release here: https://www.businesswire.com/news/home/20240207782372/en/
    Alexandra Hyten, Head of Institutional Retirement Strategies, Prudential (Photo: Business Wire)
    As a result of this transaction, PFI, through its subsidiary The Prudential Insurance Company of America, will be responsible for the pension benefit payments to these retirees beginning May 15, 2024.
  • “Prudential is honored to help continue meeting the retirement security needs of Shell’s retirees,” said Alexandra Hyten, head of Institutional Retirement Strategies at Prudential.
  • Prudential revolutionized the modern pension risk transfer market with its pioneering pension buyouts with General Motors and Verizon in 2012.

Ceres Attends India Energy Week to Discuss Hydrogen’s Role in Industrial Decarbonisation

Retrieved on: 
Wednesday, February 7, 2024

Ceres Power ("Ceres", "the Company"), a global leader in clean energy technology, today joins India Energy Week 2024 along with 35,000 attendees to discuss collaboration across industry to deliver India’s energy transition goals.

Key Points: 
  • Ceres Power ("Ceres", "the Company"), a global leader in clean energy technology, today joins India Energy Week 2024 along with 35,000 attendees to discuss collaboration across industry to deliver India’s energy transition goals.
  • Ceres, with its mature and highly differentiated technology and licensing business model, is well-placed to support this localisation mission.
  • Last month, Ceres signed its latest licensing agreement with Delta Electronics, a global leader in power and thermal management solutions.
  • You can catch Phil speaking on Wednesday 7 February between 16:00-17:00 at the Plenary Theatre at India Energy Week.

Transaction in Own Shares

Retrieved on: 
Tuesday, February 6, 2024

These share purchases form part of the on- and off-market limbs of the Company's existing share buy-back programme previously announced on 1 February 2024.

Key Points: 
  • These share purchases form part of the on- and off-market limbs of the Company's existing share buy-back programme previously announced on 1 February 2024.
  • In respect of this programme, Citigroup Global Markets Limited will make trading decisions in relation to the securities independently of the Company for a period from 1 February 2024 up to and including 26 April 2024.
  • The on-market limb will be effected within certain pre-set parameters and in accordance with the Company’s general authority to repurchase shares on-market.
  • The off-market limb will be effected in accordance with the Company’s general authority to repurchase shares off-market pursuant to the off-market buyback contract approved by its shareholders and the pre-set parameters set out therein.

Leading Digital Lawyer Rafi Azim-Khan Joins Crowell's London and San Francisco Offices

Retrieved on: 
Tuesday, February 6, 2024

LONDON and SAN FRANCISCO, Feb. 6, 2024 /PRNewswire/ -- Rafi Azim-Khan has joined Crowell & Moring to lead the firm's Digital Law practice in Europe and advise clients on cybersecurity, data privacy, artificial intelligence, intellectual property, e-commerce and advertising and marketing matters.

Key Points: 
  • He previously led Pillsbury's European Privacy and Marketing Law practices and was co-head of the firm's Global Privacy & Cybersecurity Practice.
  • "We are thrilled to welcome Rafi to the firm" said Philip T. Inglima , chair of Crowell & Moring.
  • "Rafi is a genuine thought leader with rare transatlantic and global experience in areas of increasing, and often critical, importance to our clients.
  • He also is chair of the Ad/Brand Law Group, a leading lawyer group.

AMG Vanadium Acquires a Suite of Processing Related Technologies and IP Related Activities from Transformation Technologies Inc.

Retrieved on: 
Monday, February 5, 2024

Amsterdam, 5 February 2024 --- AMG Critical Materials N.V. (“AMG”, EURONEXT AMSTERDAM: “AMG”) is pleased to announce that AMG Vanadium has acquired a suite of processing technologies and IP related activities from Transformation Technologies Inc. (“TTI”), a US-based company focused on the creation of green energy, green oil and recyclable metals.

Key Points: 
  • Amsterdam, 5 February 2024 --- AMG Critical Materials N.V. (“AMG”, EURONEXT AMSTERDAM: “AMG”) is pleased to announce that AMG Vanadium has acquired a suite of processing technologies and IP related activities from Transformation Technologies Inc. (“TTI”), a US-based company focused on the creation of green energy, green oil and recyclable metals.
  • TTI has developed a unique technology for thermal treatment of spent catalyst and other oil refinery wastes into valuable products which is highly complementary to AMG’s existing spent catalyst processing technology and know-how.
  • AMG will integrate the TTI technology into its global strategic growth initiatives.
  • AMG and TTI will also cooperate in market development areas where TTI has strong experience in the design and construction of plants using TTI technologies.

Transaction in Own Shares

Retrieved on: 
Monday, February 5, 2024

These share purchases form part of the on- and off-market limbs of the Company's existing share buy-back programme previously announced on 1 February 2024.

Key Points: 
  • These share purchases form part of the on- and off-market limbs of the Company's existing share buy-back programme previously announced on 1 February 2024.
  • In respect of this programme, Citigroup Global Markets Limited will make trading decisions in relation to the securities independently of the Company for a period from 1 February 2024 up to and including 26 April 2024.
  • The on-market limb will be effected within certain pre-set parameters and in accordance with the Company’s general authority to repurchase shares on-market.
  • The off-market limb will be effected in accordance with the Company’s general authority to repurchase shares off-market pursuant to the off-market buyback contract approved by its shareholders and the pre-set parameters set out therein.

LANZAJET CELEBRATES GRAND OPENING OF THE WORLD'S FIRST ETHANOL TO SUSTAINABLE AVIATION FUEL PRODUCTION FACILITY

Retrieved on: 
Sunday, February 4, 2024

SOPERTON, Ga., Feb. 4, 2024 /PRNewswire/ -- LanzaJet, a leading sustainable fuels technology company and sustainable fuels producer, joined government officials, industry leaders, partners, and supporters to open LanzaJet Freedom Pines Fuels, the world's first ethanol to sustainable aviation fuel (SAF) production facility on January 24, 2024.

Key Points: 
  • SOPERTON, Ga., Feb. 4, 2024 /PRNewswire/ -- LanzaJet, a leading sustainable fuels technology company and sustainable fuels producer, joined government officials, industry leaders, partners, and supporters to open LanzaJet Freedom Pines Fuels, the world's first ethanol to sustainable aviation fuel (SAF) production facility on January 24, 2024.
  • LanzaJet's ethanol-based technology is the world's first next-generation SAF technology capable of scaling production to the levels needed to decarbonize aviation.
  • LanzaJet Freedom Pines Fuels serves as a blueprint for utilizing first-of-its-kind innovation to scale SAF production and enables LanzaJet's aspiration for 1 billion gallons of SAF production by 2030.
  • "LanzaJet's facility will help accelerate the SAF industry and provide new economic opportunities for producers for a more sustainable future."