Plains Exploration & Production

AKM Enterprises Inc. Files Federal Lawsuit Against Corva to Protect its Intellectual Property and Trade Secrets

Retrieved on: 
Wednesday, November 29, 2023
Plains Exploration & Production, Exploration, AKM

HOUSTON, Nov. 29, 2023 /PRNewswire-PRWeb/ -- AKM Enterprises Inc (dba: Moblize) has filed a federal lawsuit against Corva AI LLC, its CEO, and two former AKM employees on November 2nd, 2023, alleging trade secret misappropriation and unfair competition. The technology at issue was developed over decades by AKM Enterprises Inc. Case 4:23-cv-04144

Key Points: 
  • HOUSTON, Nov. 29, 2023 /PRNewswire-PRWeb/ -- AKM Enterprises Inc (dba: Moblize) has filed a federal lawsuit against Corva AI LLC, its CEO, and two former AKM employees on November 2nd, 2023, alleging trade secret misappropriation and unfair competition.
  • The technology at issue was developed over decades by AKM Enterprises Inc. Case 4:23-cv-04144
    The lawsuit, filed in the Southern District of Texas Federal Court, maintains that Corva wrongfully obtained AKM's confidential intellectual property and trade secrets to develop aspects of Corva's product offerings.
  • AKM has requested a permanent injunction against Corva to thwart further unauthorized disclosure and utilization of AKM's trade secrets.
  • AKM Enterprises Inc. is a premier data analytics provider for the Exploration & Production sector serving 19 geological basins across the U.S., has invested substantially in its sophisticated, feature-rich technology.

TC Energy appoints long-standing Board member, John E. Lowe as Chair of the Board

Retrieved on: 
Wednesday, November 8, 2023
Chairperson, LP, Plains Exploration & Production, TC, Sustainability, NYSE, TC Energy, Assistant, Exploration, Phillips 66, Environment, Growth, DCP Midstream Partners, Commercial, TRP, Audit, Phillips, Governance, Apache, TSX, Safety, Health

CALGARY, Alberta, Nov. 08, 2023 (GLOBE NEWSWIRE) -- TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced on behalf of its Board of Directors (the Board) that John E. Lowe will be appointed as Chair of the Board, effective Jan. 1, 2024.

Key Points: 
  • CALGARY, Alberta, Nov. 08, 2023 (GLOBE NEWSWIRE) -- TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced on behalf of its Board of Directors (the Board) that John E. Lowe will be appointed as Chair of the Board, effective Jan. 1, 2024.
  • Mr. Vanaselja joined the Board of Directors in 2014 and was appointed as Board Chair in 2017.
  • “On behalf of the Board of Directors, I thank Siim for his invaluable contributions to the growth and success of TC Energy.
  • We are grateful the Company will continue to benefit from Siim’s institutional knowledge and expertise,” said John E. Lowe, incoming Chair of the Board of Directors for TC Energy.

Hess Announces 2023 E&P Capital and Exploratory Budget

Retrieved on: 
Tuesday, January 24, 2023
Finance, Oil, Gas, Energy, Professional Services, Utilities, Stabroek, Hess Corporation, Hess, NYSE, Plains Exploration & Production, Carbon, Acquisition, Corporation, Uaru, Petroleum, Renewable energy, Gulf of Mexico, Payara

Hess Corporation (NYSE: HES) today announced a 2023 Exploration & Production capital and exploratory budget of $3.7 billion, of which more than 80% will be allocated to Guyana and the Bakken.

Key Points: 
  • Hess Corporation (NYSE: HES) today announced a 2023 Exploration & Production capital and exploratory budget of $3.7 billion, of which more than 80% will be allocated to Guyana and the Bakken.
  • Net production is forecast to average between 355,000 and 365,000 barrels of oil equivalent per day in 2023.
  • “Our capital program reflects continued execution of our strategy to invest only in high return, low cost opportunities within our portfolio,” CEO John Hess said.
  • The company expects to drill approximately 110 gross operated wells and to bring online approximately 110 wells in 2023.

VistaJet continues on its path to reduce emissions with latest sustainability move

Retrieved on: 
Thursday, December 8, 2022
Carbon, Aviation biofuel, Environmental product declaration, Engine, Marketing, Aviation, Plains Exploration & Production, CO2, Growth, Investment, Research, Policy, SAF, Vienna International Airport, AEG, Natural gas, EU, Workforce, United States Army Chemical Materials Activity, Global supply chain management, Business Aviation, Gas, Silver, OMV, EPD, Borealis, Environment, GE, Aircraft, Chemical industry, Publishing, ADNOC, Air charter, USG, Vista, MT-17, Plastic, Climate change, Science, EUR, Fertilizer, GHG, IATA, Carbon footprint, VistaJet, Airline, Renewable energy, Risk management

Thomas Flohr, Founder and Chairman, VistaJet said: “Together as an industry we can reshape the way we conduct business.

Key Points: 
  • Thomas Flohr, Founder and Chairman, VistaJet said: “Together as an industry we can reshape the way we conduct business.
  • At VistaJet, we are very proud of the progress we have made and we hope that others will adopt our recommendations.
  • VistaJet is simultaneously making every effort to reduce the industry’s impact on the environment.
  • Proving its commitment to change, in April 2021 VistaJet pledged to be fully carbon neutral across its entire business by 2025.

Farmer Bros. Co. Announces Board Refresh and Cooperation Agreement with Stockholders JCP Investment Management and 22NW

Retrieved on: 
Monday, October 31, 2022
Citadel, Tea, Board, Coffee, Wharton School of the University of Pennsylvania, New, Annual general meeting, SPRT, PPP, India–Singapore Comprehensive Economic Cooperation Agreement, Retirement, Economics, Private Securities Litigation Reform Act, Knowledge, Harte Hanks, Plains Exploration & Production, Spice, U.S. Securities and Exchange Commission, Sale, SEC, JCP, Healthcare Facilities Accreditation Program, NYSE, ENZ, HHS, Restaurant, Company, University, Second New Deal, GLOBE, Director, NASDAQ, Goal, LLC, Vaalco Energy, Management, Security (finance), Shareholder

Under the Cooperation Agreement, the Company has agreed to promptly appoint Bradley L. Radoff as an independent member of the Board of Directors (the Board).

Key Points: 
  • Under the Cooperation Agreement, the Company has agreed to promptly appoint Bradley L. Radoff as an independent member of the Board of Directors (the Board).
  • Following the 2022 Annual Meeting, Christopher P. Mottern will retire from the Board, effective as of June 30, 2023.
  • During the term of the Cooperation Agreement, JCP and 22NW have also agreed to customary standstill provisions and voting commitments.
  • We also look forward to continuing to work with our stockholders, JCP and 22NW, going forward.

National Fuel Releases 2021 Corporate Responsibility Report Highlighting Significant Ongoing Sustainability Efforts

Retrieved on: 
Monday, September 12, 2022
Independent Board for Presbyterian Foreign Missions, Workforce, Time, Utility, Corporation, ESG, COVID-19, Methane, NYSE, Plains Exploration & Production, MD, Sale, Task force, Company, NFG, Sustainability accounting, Harbor, Private Securities Litigation Reform Act, Diversity, National Fuel Gas, Forward-looking statement, Pipeline, Investment, National, Risk management, Annual report, Report, Foundation, Corporate responsibility, Sustainability Accounting Standards Board, GLOBE, Hospital, Item, Natural gas, Western New York, Exploration, Disclosure, Renewable energy, Management, Audit

WILLIAMSVILLE, N.Y., Sept. 12, 2022 (GLOBE NEWSWIRE) -- National Fuel Gas Company (National Fuel or the Company, NYSE: NFG) announced today the release of its 2021 Corporate Responsibility Report (Report), providing details on the Companys initiatives, policies, programs, practices, and performance metrics in key environmental, social, and governance (ESG) areas.

Key Points: 
  • WILLIAMSVILLE, N.Y., Sept. 12, 2022 (GLOBE NEWSWIRE) -- National Fuel Gas Company (National Fuel or the Company, NYSE: NFG) announced today the release of its 2021 Corporate Responsibility Report (Report), providing details on the Companys initiatives, policies, programs, practices, and performance metrics in key environmental, social, and governance (ESG) areas.
  • The Report highlights the Companys continued focus on corporate social responsibility across its operating footprint, driven by the ongoing efforts of its workforce of more than 2,100 employees.
  • National Fuel remains focused on continuous improvement across all facets of our organization, including our ESG initiatives, said David P. Bauer, President & Chief Executive Officer of National Fuel Gas Company.
  • This Corporate Responsibility Report also contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995.

Juniper Capital and Boomtown Announce the Formation of North Peak Oil & Gas

Retrieved on: 
Tuesday, September 6, 2022
Permian, Partnership, Safety, View, Tonne, Investment, JV, Multimedia, Eagle Ford, Dallas, Juniper, Acquisition, Environment, Plains Exploration & Production, Oil, Petroleum, North Peak

HOUSTON, Sept. 6, 2022 /PRNewswire/ -- Juniper Capital ("Juniper") and Boomtown Oil & Gas Company ("Boomtown") today announced the formation of North Peak Oil & Gas LLC ("North Peak") through the combination of two existing Juniper portfolio entities (North Silo Resources and Longs Peak Resources) and the acquisition of assets from a private oil & gas company with complementary assets.

Key Points: 
  • HOUSTON, Sept. 6, 2022 /PRNewswire/ -- Juniper Capital ("Juniper") and Boomtown Oil & Gas Company ("Boomtown") today announced the formation of North Peak Oil & Gas LLC ("North Peak") through the combination of two existing Juniper portfolio entities (North Silo Resources and Longs Peak Resources) and the acquisition of assets from a private oil & gas company with complementary assets.
  • Edward Geiser, Managing Partner of Juniper Capital, added, "Juniper currently owns assets in the Permian,Eagle Fordandother majorbasins,andwe regularly reviewoil &gas investment prospects in all the major basins.Based on its strong operational cash flow, low costs, and attractivewell-leveleconomicswithyearsof inventory,webelieveNorthPeakrepresentsone ofthemostattractiveopportunitieswehave seen.Weareproud tocontinue ourpartnership with Boomtown in thisarea, and we are excited about what thefuture holds for North Peak."
  • Juniper Capital is an energy investment firm based in Houston, Texas with over $1.3 billion of cumulative equity commitments and current investments in the Permian Basin, Eagle Ford Trend Area, DJ Basin, and Powder River Basin.
  • Juniper is focused on working with high-quality management teams to provide transformational equity capital to demonstrate the value and productivepotentialofoilandgaspropertieslocatedprimarilyinthecontinentalUnitedStates.

APA Corporation Board Chair John E. Lowe Announces Retirement; Director H. Lamar McKay to Serve as New Chair

Retrieved on: 
Thursday, July 14, 2022
Retirement, Lamar, TC Energy, CRH, Nasdaq, Natural gas, ConocoPhillips, APA Corporation, APA, GLOBE, Financial compensation, McKay, Corporate Affairs, LLC, United Kingdom, Phillips 66, Phillips, Industry, BP, Corporate responsibility, Management development, DCP Midstream Partners, Committee, Exploration, Commercial, Corporate Responsibility Group, ESG, Plains Exploration & Production, Management, Nutrien, Amoco

HOUSTON, July 14, 2022 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today announced the election of H. Lamar McKay as the next chairman of the board.

Key Points: 
  • HOUSTON, July 14, 2022 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today announced the election of H. Lamar McKay as the next chairman of the board.
  • We are pleased to announce Lamar will be assuming the role of APAboard chair following my retirement, said Mr. Lowe.
  • Lowe, 63, has served on the APA board since 2013, and also serves as a member of the board of directors for Phillips 66 and TC Energy Corporation.
  • We would like to thank John for his longstanding service to APA, as board chair since 2015, and as a director since 2013, said Mr. McKay.

Enerflex Announces First Quarter 2022 Financial Results and Quarterly Dividend

Retrieved on: 
Wednesday, May 4, 2022
Board, COVID-19, Tripura Merger Agreement, Mission statement, Energy, Carbon, EBITDA, Adjustment, Exploration, Budget, Company, Federal, RNG, EBIT, Financing cost, Hand, Natural gas, SG, Plains Exploration & Production, Biofuel, Environment, Industry, Analysis, System, Government, Movement, Public policy, Mergers and acquisitions, IFRS, Investor, COGS, Solution, Transaction, Bachelor of Engineering, ESG, Renewable natural gas, Acquisition, SEDAR, Bookkeeping, Video game, Renewable energy, Online gambling, Bank, Pharmaceutical industry, Risk management, Enerflex, Exterran Corporation, Depreciation

Enerflex is pleased to report a safe and successful first quarter of 2022, said Marc Rossiter, Enerflexs President and Chief Executive Officer.

Key Points: 
  • Enerflex is pleased to report a safe and successful first quarter of 2022, said Marc Rossiter, Enerflexs President and Chief Executive Officer.
  • Movement in foreign exchange rates resulted in a decrease of $6 million on foreign currency denominated backlog during the first quarter of 2022.
  • SG&A costs of $47 million in the first quarter of 2022 were up from $38 million in the same period last year.
  • Subsequent to March 31, 2022, Enerflex declared a quarterly dividend of $0.025 per share, payable on July 7, 2022, to shareholders of record on May 19, 2022.

Enerflex Announces Fourth Quarter 2021 Financial Results and Quarterly Dividend

Retrieved on: 
Wednesday, February 23, 2022
Carbon, Budget, System, Government, Natural gas, Board, Federal aid during the COVID-19 pandemic in Canada, Growth, Investment, Public expenditure, EBIT, Hydrocarbon, Hand, Bachelor of Engineering, Â, COVID-19, Adjustment, Industry, Company, IFRS, Environment, NYSE, SG, Nature, Biofuel, Exploration, Acquisition, Optimism, Exercise, Work, Plains Exploration & Production, Deferred financing cost, Traction, Energy, Solution, Contract, EBITDA, BOOM, Bookkeeping, Risk management, Video game, Airline, Bank, Pharmaceutical industry, Enerflex, Service, Exterran Corporation, Depreciation

Enerflex delivered strong quarterly results compared to the third quarter of 2021 and a fourth consecutive quarter of backlog growth with $324 million in Engineered Systems bookings.

Key Points: 
  • Enerflex delivered strong quarterly results compared to the third quarter of 2021 and a fourth consecutive quarter of backlog growth with $324 million in Engineered Systems bookings.
  • The Enerflex teams did a good job in the quarter gaining some traction in margin.
  • The Companys results include items that are unique and items that management and users of the financial statements adjust for when evaluating the Companys results.
  • The Company added an additional adjustment related to government grants, most notably the Canada Emergency Wage Subsidy in the second quarter of 2020, the Canada Emergency Rent Subsidy in the first quarter of 2021, and the Hardest-Hit Business Recovery Program in the fourth quarter of 2021.