IRVING, Texas--(BUSINESS WIRE)-- (NYSE: FLR) announced today that the U.S. Department of Energy’s (DOE) National Nuclear Security Administration (NNSA) selected PanTeXas Deterrence LLC – a joint venture led by a BWX Technologies, Inc. subsidiary, together with Fluor; SOC, a Day & Zimmermann Company; and The Texas A&M University System – for the management and operations of the Pantex Plant located outside of Amarillo, Texas. Following an initial term of five years, NNSA has the ability to award three additional five-year option periods. If all contract options are exercised, the contract will...
HOUSTON & OSLO, Norway--(BUSINESS WIRE)-- Regulatory News: SLB (NYSE: SLB) and Aker Carbon Capture (ACC) announced today the closing of their . The new company combines technology portfolios, expertise and operations platforms to support accelerated carbon capture adoption for industrial decarbonization at scale. “There is no credible pathway toward net zero without deploying carbon capture and sequestration (CCS) at scale,” said Gavin Rennick, president of SLB’s New Energy business. “In the next few decades, many industries that are crucial to our modern world must rapidly adopt CCS to de...
DHT Holdings, Inc. announces the results of the 2024 Annual Meeting of Shareholders HAMILTON, BERMUDA, June 13, 2024 – DHT Holdings, Inc. (NYSE:DHT) (“DHT”) announces the results of its 2024 Annual Meeting of Shareholders (the “Annual Meeting”) held on Wednesday, June 12, 2024. Shareholders holding an aggregate of 111,155,645 common shares of DHT were present or represented by proxy at the Annual Meeting, representing approximately 68.90% of the issued and outstanding common shares of DHT as of the close of business on April 23, 2024, the record date for the Annual Meeting. At the Ann...
Chart Industries Announces Favorable Repricing of Term Loan Facility ATLANTA, June 13, 2024 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”), a global leader in clean energy and industrial gas solutions, has successfully syndicated the repricing of its $1,631 million senior secured term loan facility (the “Term Loan”), which matures on March 17, 2030. Following the completion of the repricing, all outstanding amounts under the Term Loan will bear interest at a rate per annum equal to SOFR with a 0.50% floor plus a margin equal to 2.50%. The repricing represents a reductio...
Two Directors at Fiserv Inc gave away/sold 3,633 shares at between 0.000USD and 148.760USD. The significance rating of the trade was 56/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over ...
A director at International Seaways Inc sold 35,000 shares at 62.374USD and the significance rating of the trade was 82/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two yea...
Weatherford Announces Expansion of Credit Facility and Amendment of Accordion Size HOUSTON, June 11, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford,” and together with its subsidiaries, the “Company,” “we,” “us” and “our”) announced that it has increased its Credit Facility by $40 million to $720 million in aggregate commitments by adding a new lender. The Credit Facility is now comprised of a $327 million tranche available for performance letters of credit and a $393 million tranche available for revolving loans. The Company also amended the accordio...
Chart Industries Joins the United Nations Global Compact ATLANTA, June 10, 2024 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”) announced today that it has joined the United Nations (UN) Global Compact, a voluntary leadership platform for the development, implementation, and disclosure of sustainable and socially responsible business practices. The UN Global Compact is a call to companies to align operations and strategies with ten universally accepted principles in the areas of human rights, labor, environment, and anti-corruption, and to take action in support of its U...
Weatherford Awarded Drilling Services Contract from Bapco Energies HOUSTON, June 06, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced it has been awarded a new five-year contract with Bapco Upstream, a subsidiary of Bapco Energies, in Bahrain to deliver Directional Drilling and Logging While Drilling Services, replacing the current Drilling Services contract that Weatherford was awarded in 2015. The contract includes Weatherford’s full suite of Drilling technologies alongside its Centro™ well construction optimization platfo...
Weatherford Signs Memorandum of Understanding with QatarEnergy to Advance Tawteen In-Country Value Program HOUSTON, June 04, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced it has signed a Memorandum of Understanding (“MOU”) with QatarEnergy to establish a robust framework aimed at advancing Tawteen’s In-Country Value program objectives to develop the local energy industry, foster career opportunities and talent development, and drive technology innovation in support of the Qatar National Vision 2030. The agreement unders...
U.S. Dollar (DXY) Violating YTD Uptrend Signs continue to point to the formation of a new uptrend on the S&P 500, something we have discussed as our expectation on a weekly basis since late-April (4/30/24 Compass). Shorterterm, both the S&P 500 and Russell 2000 are trading/consolidating within 1.5-2 week bull flag patterns, and we are on the lookout for upside breakouts due to ongoing healthy market dynamics. Our bullish outlook (since early-November 2023) remains intact. • S&P 500, Russell 2000...
Having completed the VLCC fleet acquisition from Euronav, re-leveraged part of its fleet and disposed of older tonnage, we believe Frontline is poised to reap the rewards of a potential VLCC upcycle. In our view, the limited supply outlook means any meaningful demand growth could raise rates to new heights, which would enable meaningful shareholder distributions. We reiterate our BUY and have raised our target price to NOK346 (278).
FRO – Q1 2024 Presentation Please find enclosed the presentation of Frontline plc´s first quarter 2024 results to be held on the webcast / conference call 30 May, 2024 at 15:00 CET. This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act. Attachment
FRO – First Quarter 2024 Results FRONTLINE PLC REPORTS RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2024 Frontline plc (the “Company” or “Frontline”), today reported unaudited results for the three months ended March 31, 2024: Highlights Profit of $180.8 million, or $0.81 per share for the first quarter of 2024.Adjusted profit of $137.9 million, or $0.62 per share for the first quarter of 2024.Declared a cash dividend of $0.62 per share for the first quarter of 2024.Reported revenues of $578.4 million for the first quarter of 2024.Took delivery of the remaining 13 VLCCs from Euronav NV ...
Golar LNG has performed well in recent months, as potential FLNG projects seem within reach. With Gimi’s Commercial Operations Date (COD) set for H1 2025, focus is on the next announcements for redeployment of Hilli and delivering FLNG number three, potentially by end-2027. We believe Golar LNG offers attractive exposure to a leader in a growing sector, and we reiterate our BUY with a raised target price of USD32 (31).
HOUSTON--(BUSINESS WIRE)-- Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced the Board of Directors has appointed Jay Nutt as Executive Vice President, Chief Financial Officer and Treasurer, effective June 3, 2024. Mr. Nutt is a long-tenured financial executive, having served from 2018 until 2021 as Senior Vice President and Chief Financial Officer of ChampionX Corporation (“ChampionX”) and its predecessor Apergy Corporation, prior to its merger with ChampionX Holding, Inc. the upstream energy business of Ecolab, Inc. Prior to ChampionX and Apergy Corporation, Mr. Nutt ser...
Weatherford Awarded Framework Extension with Equinor for Completions and Slot Recovery HOUSTON, May 28, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced it has been awarded a two-year frame agreement extension with Equinor, a multinational energy company, for the delivery of completions, liner-hangers, and slot recovery services. To deliver on this scope, Weatherford will offer its Accuview® downhole monitoring solutions with the AlphaVTM next-generation whipstock system building on our track record of enhancing operationa...
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