Oil

GeoPark Announces CEO Succession and Management Transition Plan

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Wednesday, March 9, 2022
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Mr. Park will remain as CEO during this interim period and continue to work closely with Mr. Ocampo and the rest of the GeoPark Executive Team to ensure a seamless transition.

Key Points: 
  • Mr. Park will remain as CEO during this interim period and continue to work closely with Mr. Ocampo and the rest of the GeoPark Executive Team to ensure a seamless transition.
  • As part of this transition, Veronica Davila, GeoParks Commercial Director, will take over as Chief Financial Officer.
  • He is the right leader to help GeoPark execute today as well as capture the opportunities that lie ahead.
  • GeoPark is stronger than ever with our most impressive work program in our history underway and a strong wind at our back with high oil prices and the timing is right to implement this succession plan.

GeoPark Announces Doubling Its Quarterly Cash Dividend to $0.082 Per Share

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Wednesday, March 9, 2022
Oil, Gas, Energy, U.S. Securities and Exchange Commission, Board of directors, Geopark, NYSE, Board, SEC, Company, Forward-looking statement, Security (finance)

GeoPark is doubling its quarterly dividend for the second time in less than a year from $0.041 per share ($2.5 million in the aggregate) to $0.082 per share ($5.0 million in the aggregate).

Key Points: 
  • GeoPark is doubling its quarterly dividend for the second time in less than a year from $0.041 per share ($2.5 million in the aggregate) to $0.082 per share ($5.0 million in the aggregate).
  • This represents a 300% increase over the dividend paid on May 28, 2021.
  • The Company remains committed to returning value to its shareholders while executing self-funded and flexible work programs and paying down debt.
  • Forward-looking statements are based on managements beliefs and assumptions, and on information currently available to the management.

CHESAPEAKE ENERGY CORPORATION COMPLETES ACQUISITION OF CHIEF E&D HOLDINGS, LP AND AFFILIATES OF TUG HILL, INC.

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Wednesday, March 9, 2022
NASDAQ, Tug Hill, Industry, Energy Independence and Security Act of 2007, Annual report, Securities Act of 1933, OTC, T&D Holdings, Natural gas, ESG, GHG, Rollerball (1975 film), Carbon, Form 10-K, NGL, News, Judgement, Acquisition, Securities Exchange Act of 1934, Risk, Climate change, COVID-19, Transport, Water, SEC, Forward-looking statement, Oil, Risk management

OKLAHOMA CITY, March 9, 2022 /PRNewswire/ --Chesapeake Energy Corporation (NASDAQ: CHK) today announced it has completed its previously announced acquisition of Chief E&D Holdings, LP ("Chief") and associated non-operated interests held by affiliates of Tug Hill, Inc. ("Tug Hill").

Key Points: 
  • OKLAHOMA CITY, March 9, 2022 /PRNewswire/ --Chesapeake Energy Corporation (NASDAQ: CHK) today announced it has completed its previously announced acquisition of Chief E&D Holdings, LP ("Chief") and associated non-operated interests held by affiliates of Tug Hill, Inc. ("Tug Hill").
  • Nick Dell'Osso, Chesapeake's President and Chief Executive Officer, commented, "The Chief transaction deepens our premium inventory, allowing us to allocate additional capital toward our world class Marcellus Shale position and accelerate returns for our shareholders.
  • Headquartered in Oklahoma City, Chesapeake Energy Corporation's (NASDAQ:CHK) operations are focused on discovering and responsibly developing its large and geographically diverse resource base of unconventional oil and natural gas assets onshore in the United States.
  • In addition, this news release contains time-sensitive information that reflects management's best judgment only as of the date of this news release.

Valero Energy Corporation to Participate in Investor Conferences

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Wednesday, March 9, 2022
Oil, Gas, Energy, Diamond, Piper Sandler Companies, DGD, United Kingdom, VLO, Valero Energy, NYSE, BPD, Gasoline

Valero Energy Corporation (NYSE: VLO, Valero) announced today that it will participate in the Piper Sandler and the Scotia Howard Weil Energy Conferences in March.

Key Points: 
  • Valero Energy Corporation (NYSE: VLO, Valero) announced today that it will participate in the Piper Sandler and the Scotia Howard Weil Energy Conferences in March.
  • We are an international manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products, and we sell our products primarily in the United States (U.S.), Canada, the United Kingdom (U.K.), Ireland, and Latin America.
  • We own 15 petroleum refineries located in the U.S., Canada, and the U.K. with a combined throughput capacity of approximately 3.2 million barrels per day (BPD).
  • We manage our operations through our Refining, Renewable Diesel, and Ethanol segments.

Rhino Health Inc. to Donate 1.5 million Nitrile Gloves to Ukraine

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Wednesday, March 9, 2022
Time, Law enforcement, Military personnel, Freedom, CEO, United States Department of Defense, Oil

CHURCH ROCK, N.M., March 9, 2022 /PRNewswire/ -- Rhino Health Inc. today announced plans to donate 1.5 million nitrile gloves to the Ukrainian government as it fights to protect its independence from Russia.

Key Points: 
  • CHURCH ROCK, N.M., March 9, 2022 /PRNewswire/ -- Rhino Health Inc. today announced plans to donate 1.5 million nitrile gloves to the Ukrainian government as it fights to protect its independence from Russia.
  • Located in Church Rock, New Mexico, Rhino Health Inc. opened its first glove factory in 2019 and has received $126 million in U.S. Department of Defense grant money to build a second plant in Fort Worth.
  • Rhino Health Inc. manufactures nitrile gloves that are crucial in health care, light industrial, law enforcement, aerospace, food service and military applications.
  • Since its launch in 2019, Rhino Health Inc. has seen tremendous growth as it works to revitalize American nitrile glove manufacturing.

Calgary's Kathairos Solutions Awarded $1.58M in the Clean Resource Innovation Network's Reducing Environmental Footprint Technology Competition

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Wednesday, March 9, 2022
Control, Engineering, CO, ESG, GHG, Municipal government in Canada, Cenovus Energy, Carbon, Air Liquide, Methane, SIF, AB, Technology, Nitrogen, Solution, Atmosphere, Environment, CRIN, Goal, CEO, Government, Oil, Natural gas, Renewable energy

Until now, addressing the issue has been difficult, complex and cost prohibitive, particularly on small, low-production wells.

Key Points: 
  • Until now, addressing the issue has been difficult, complex and cost prohibitive, particularly on small, low-production wells.
  • "The oil and gas industry faces a serious challenge in trying to eliminate methane emissions from its remote well site operations," said Dick Brown, Kathairos co-founder and CEO.
  • The Clean Resource Innovation Network (CRIN) is focused on ensuring Canada's energy resources can be sustainably developed for the global energy supply.
  • The Reducing Environmental Footprint competition is designed to advance technology solutions for high-priority environmental challenges across the oil and gas industry with the intent to export technologies internationally and for application with Canada's industrial sector.

DAVIS Construction chooses Latium Tech's Job Site Resourcing™ advanced construction scheduling system

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Wednesday, March 9, 2022
Latium, Industry, Webcor Builders, Family, TC Energy, Wilkinson and Davies Construction Co Ltd v Geraldine Borough, The Last Best Place, PCL Construction, Multimedia, Efficiency, American City Business Journals, IOT, Workplace, AB, Solution, ENR, JSR, Trans Mountain pipeline, CEO, Construction, Oil, Suncor Energy, Enbridge, MidAtlantic Airways

EDMONTON, AB, March 9, 2022 /PRNewswire/ - Latium Tech is pleased to announce that DAVIS Construction, an ENR top 400 contractor, has selected Job Site Resoucing, a product within the Job Site Insights family of products, to optimize scheduling for major projects.

Key Points: 
  • EDMONTON, AB, March 9, 2022 /PRNewswire/ - Latium Tech is pleased to announce that DAVIS Construction, an ENR top 400 contractor, has selected Job Site Resoucing, a product within the Job Site Insights family of products, to optimize scheduling for major projects.
  • Simply put, JSR will enhance the efficiency and productivity of DAVIS, and its subtrades on busy, high-traffic construction sites.
  • "Job Site Insights and its growing family of integrated applications like JSR is the leading smart construction evolution in the industry.
  • "Improving productivity and enhancing digitization at the workface of construction is critical in today's cost competitive construction environments."

JCN Times Square Billboard Calls on Biden to Produce Oil Domestically

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Wednesday, March 9, 2022
COME, Heart, Environmental policy of the Joe Biden administration, Times Square, Job Creators Network, Multimedia, Goal, CEO, View, Oil

"Americans are seeing first-hand why energy independence is so important. Instead of ramping up American energy production, the Biden Administration is begging for help from countries that don't share our values or goals. And in the case of Iran and Venezuela--have been openly hostile to the United States. Why would we depend on shady regimes around the world when we can tap American reserves? It's clear that if we drill more, Americans will pay less and not be dependent on global bullies and thugs."

Key Points: 
  • WASHINGTON, March 9, 2022 /PRNewswire/ --Today, the Job Creators Network (JCN) erected a billboard in the heart of Times Square calling on President Biden reject oil from foreign countries and produce it domestically.
  • The billboard features images of Venezuela President Nicols Maduro, Iran President Ebrahim Raisi, and Saudi Arabia ruler Mohammed bin Salman.
  • Alfredo Ortiz , JCN President and CEO, released the following statement:
    "Americans are seeing first-hand why energy independenceis so important.
  • Instead of ramping up American energy production, the Biden Administration is begging for help from countries that don't share our values or goals.

Lucas Oil to Host 14th Annual Eric Medlen Memorial Golf Tournament on September 1, 2022

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Wednesday, March 9, 2022
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INDIANAPOLIS, March 9, 2022 /PRNewswire/ --Lucas Oil Products, Inc., today announced the 14th Annual Lucas Oil Eric Medlen Memorial Golf Tournament is scheduled for Thursday, September 1, 2022.

Key Points: 
  • INDIANAPOLIS, March 9, 2022 /PRNewswire/ --Lucas Oil Products, Inc., today announced the 14th Annual Lucas Oil Eric Medlen Memorial Golf Tournament is scheduled for Thursday, September 1, 2022.
  • "It is our honor and pleasure to carry forward Eric's legacy in partnership with the many wonderful organizations and individuals who join us year after year for the Annual Eric Medlen Memorial Golf Tournament," said Katie Lucas, vice president of strategy and philanthropy at Lucas Oil.
  • Lucas Oil offers the most diversified range of innovative engine oil, gear oil and additive products refined by years of specialized research, development and testing.
  • The company also serves as the exclusive oil and lubricant partner of Monster Jam, the Dallas Cowboys, the Indianapolis Colts and Lucas Oil Stadium.