ExxonMobil

FuelCell Energy Reports First Quarter of Fiscal 2024 Results

Retrieved on: 
Thursday, March 7, 2024

DANBURY, Conn., March 07, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ: FCEL) -- a global leader in decarbonizing power and producing hydrogen through our proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy -- today reported financial results for its first quarter ended January 31, 2024.

Key Points: 
  • Note: All comparisons between periods are between the first quarter of fiscal 2024 and the first quarter of fiscal 2023, unless otherwise specified.
  • Operating expenses for the first quarter of fiscal 2024 increased to $30.8 million from $27.7 million in the first quarter of fiscal 2023.
  • Net loss was $(44.4) million in the first quarter of fiscal 2024, compared to net loss of $(21.1) million in the first quarter of fiscal 2023.
  • Adjusted EBITDA totaled $(29.1) million in the first quarter of fiscal 2024, compared to Adjusted EBITDA of $(14.4) million in the first quarter of fiscal 2023.

VAALCO Energy, Inc. Announces Accretive All Cash Acquisition Expanding Its West African Footprint

Retrieved on: 
Thursday, February 29, 2024

Svenska’s primary asset is a 27.39% non-operated working interest in the deepwater producing Baobab field in Block CI-40, offshore Cote d’Ivoire in West Africa.

Key Points: 
  • Svenska’s primary asset is a 27.39% non-operated working interest in the deepwater producing Baobab field in Block CI-40, offshore Cote d’Ivoire in West Africa.
  • The gross consideration for the Acquisition is $66.5 million, subject to customary closing adjustments, with an effective date of October 1, 2023.
  • Closing of the Acquisition is expected in the second quarter of 2024, with ultimate timing dependent on final receipt of all necessary approvals.
  • VAALCO currently estimates that the net cash due at closing will be in the range of approximately $30 to $40 million, dependent on timing.

Mod Op Acquires Award-Winning Creative Agency Red Tettemer O'Connell + Partners

Retrieved on: 
Thursday, February 22, 2024

NEW YORK, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Mod Op , a full-service digital marketing agency accelerating customer growth through human creativity and automation, today announced the acquisition of award-winning Philadelphia-based creative agency Red Tettemer O'Connell + Partners (RTO+P).

Key Points: 
  • NEW YORK, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Mod Op , a full-service digital marketing agency accelerating customer growth through human creativity and automation, today announced the acquisition of award-winning Philadelphia-based creative agency Red Tettemer O'Connell + Partners (RTO+P).
  • The combination deepens Mod Op’s existing creative services offering while expanding its capabilities in other key areas, including social media, experiential marketing, and content production.
  • “Client demands are changing quickly,” explained Eric J Bertrand, CEO of Mod Op.
  • RTO+P will serve as the agency’s creative engine, complementing Mod Op’s sophisticated data science, digital services and AI capabilities, and further establishing Mod Op as the marketing agency that merges domains to unlock transformational growth for clients.

FuelCell Energy Announces Release of Annual and Sustainability Reports Highlighting Business Performance and Progress Towards Sustainability and ESG Goals

Retrieved on: 
Monday, February 19, 2024

DANBURY, Conn., Feb. 19, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL), a global energy delivery and emission management company, today announced the release of its 2023 Annual Report and its 2023 Sustainability Report.

Key Points: 
  • DANBURY, Conn., Feb. 19, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL), a global energy delivery and emission management company, today announced the release of its 2023 Annual Report and its 2023 Sustainability Report.
  • These reports reflect the company's ongoing commitment to accountability and sustainability in all aspects of its operations.
  • In his message to shareholders, FuelCell Energy’s President & CEO, Jason Few, recounts projects with Toyota Motor North America , ExxonMobil , and IBM .
  • Fiscal year 2023 highlights include:
    New 2050 net-zero approach, supported by a new ESG leadership structure to guide our sustainability action plan.

Global Ethylene Industry Production Capacity & Demand Insights & Forecasts Report 2024-2028 Competitive Overview of ExxonMobil, BASF, Mitsubishi, AkzoNobel, Borealis, and Mitsui Chemicals - ResearchAndMarkets.com

Retrieved on: 
Friday, March 8, 2024

The "Global Ethylene Market (By Production Capacity & Demand): Insights & Forecast with Potential Impact of COVID-19 (2024-2028)" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Ethylene Market (By Production Capacity & Demand): Insights & Forecast with Potential Impact of COVID-19 (2024-2028)" report has been added to ResearchAndMarkets.com's offering.
  • However, the market growth would be challenged by fluctuations in ethylene prices, hazardous effect of ethylene oxide and stringent government regulations.
  • A few notable trends may include rising production capacity of ethylene dichloride, growing petrochemical industry and increasing demand for bio-based polyethylene.
  • The global ethylene market is highly focused and concentrated with the production of polyethylene.

National Association of Manufacturers Names FourKites Executive Dan Abramson to Board of Directors

Retrieved on: 
Thursday, March 7, 2024

Leading real-time supply chain visibility provider FourKites ® today announced the appointment of Dan Abramson, Senior Vice President and Head of Sales, to the Board of Directors of the National Association of Manufacturers (NAM).

Key Points: 
  • Leading real-time supply chain visibility provider FourKites ® today announced the appointment of Dan Abramson, Senior Vice President and Head of Sales, to the Board of Directors of the National Association of Manufacturers (NAM).
  • Founded in 1895, the NAM, guided by its Board of Directors, is the largest industrial trade association in the United States.
  • NAM selected FourKites to join its board because of the company’s transformational impact on the manufacturing industry's supply chain operations.
  • “This board appointment is an exciting opportunity for FourKites to elevate the importance of data and digital transformation across US manufacturing.

Former Supreme Court Clerk Jack Millman Rejoins Holwell Shuster & Goldberg

Retrieved on: 
Tuesday, March 5, 2024

Holwell Shuster & Goldberg LLP announced today that Jack Millman , a former associate at the firm and former law clerk to Supreme Court Justice Clarence Thomas, has rejoined HSG.

Key Points: 
  • Holwell Shuster & Goldberg LLP announced today that Jack Millman , a former associate at the firm and former law clerk to Supreme Court Justice Clarence Thomas, has rejoined HSG.
  • Jack joins three other HSG lawyers who previously clerked at the Supreme Court: Gregory Dubinsky , Vincent Levy , and Daniel Sullivan .
  • View the full release here: https://www.businesswire.com/news/home/20240305490449/en/
    Former Supreme Court Clerk Jack Millman Rejoins Holwell Shuster & Goldberg (Photo: Business Wire)
    “Jack is a widely recognized talent who further deepens our roster of appellate advocates with experience at the highest levels of the judicial system,” said Richard Holwell , co-founder of HSG and former judge in the U.S. District Court for the Southern District of New York.
  • We are delighted to welcome him back.”
    Jack clerked on the Supreme Court during the 2020-21 term, Justice Thomas’ 30th on the Court.

ExxonMobil to Speak at Morgan Stanley’s Energy & Power Conference

Retrieved on: 
Tuesday, March 5, 2024

Exxon Mobil Corporation (NYSE: XOM) today announced Neil Chapman, senior vice president, will conduct a fireside chat at Morgan Stanley’s Energy & Power Conference at 12:00 p.m.

Key Points: 
  • Exxon Mobil Corporation (NYSE: XOM) today announced Neil Chapman, senior vice president, will conduct a fireside chat at Morgan Stanley’s Energy & Power Conference at 12:00 p.m.
  • ET in New York on March 6, 2024.
  • To access the live webcast, visit https://morganstanley.webcasts.com/starthere.jsp?ei=1660465&tp_key=6c146... .
  • An archived, audio portion of the webcast will be available on the ExxonMobil website approximately 24 hours after the event.

Hunting PLC (“Hunting” or “the Company” or “the Group”) Results for the year ended 31 December 2023

Retrieved on: 
Thursday, February 29, 2024

The global outlook for energy in the year ahead will be driven by similar themes to those reported in 2023.

Key Points: 
  • The global outlook for energy in the year ahead will be driven by similar themes to those reported in 2023.
  • The Middle East will also likely show a continuation of the activity levels reported in 2023.
  • The Enpro business should also support this growth profile given the orders secured in the second half of 2023.
  • For access to the Financial Statements and Notes to the Accounts for the year ended 31 December 2023 please click on the following link.

Timothy Go Elected to Celanese Board of Directors

Retrieved on: 
Wednesday, February 28, 2024

Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today announced that Timothy Go has been elected to the company’s Board of Directors.

Key Points: 
  • Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today announced that Timothy Go has been elected to the company’s Board of Directors.
  • Mr. Go, 57, is President, Chief Executive Officer, and a member of the Board of Directors of HF Sinclair Corporation.
  • He will begin his Board service effective immediately, bringing the total number of Board members to twelve (eleven of which are independent).
  • “We are delighted to have Tim join the Celanese Board, where his leadership experience in the energy and specialty chemical industries will enable him to bring an immensely valuable perspective,” said Lori Ryerkerk, Chair, Chief Executive Officer and President, Celanese Corporation.