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Shawcor Ltd. Announces Fourth Quarter 2019 Results

44 mins ago NAMEX Comments Off on Shawcor Ltd. Announces Fourth Quarter 2019 Results
Fourth quarter 2019 revenue was $334 million, 6% lower than the $354 million reported in the fourth quarter of 2018. Adjusted EBITDA1 in the fourth quarter of 2019 was $30 million, 22% higher than the $24 million reported in the fourth quarter of 2018. Net loss2 in the fourth quarter of 2019 was $81.8 million Read More

Invitation to the Annual General Meeting of Lundin Petroleum AB

14 hours ago NAMEX Comments Off on Invitation to the Annual General Meeting of Lundin Petroleum AB
The shareholders of Lundin Petroleum AB are hereby given notice of the Annual General Meeting of Shareholders to be held on Tuesday 31 March 2020 at 13.00 (Swedish time). Location: Vinterträdgården at Grand Hôtel, Södra Blasieholmshamnen 8, in Stockholm. The Annual General Meeting will be translated from Swedish to English and from English to Swedish. Read More

Berry Corporation (BRY) Reports Strong Fourth Quarter and Full Year 2019 Results; Continues to Deliver Top Tier Industry Returns, Achieved Double Digit California Production Growth; Replaced Nearly 300% of California Reserves

17 hours ago NAMEX Comments Off on Berry Corporation (BRY) Reports Strong Fourth Quarter and Full Year 2019 Results; Continues to Deliver Top Tier Industry Returns, Achieved Double Digit California Production Growth; Replaced Nearly 300% of California Reserves
DALLAS, Feb. 26, 2020 (GLOBE NEWSWIRE) — Berry Corporation (bry) (NASDAQ: BRY) (“Berry” or the “Company”) today reported an 18% increase in fourth quarter 2019 production from its California assets over the prior year fourth quarter and it replaced nearly 300% of its California proved reserves. For the full year of 2019, Berry’s net income Read More

Laredo Petroleum Announces 2020 Capital Budget and Updates Three-Year Outlook

1 day ago NAMEX Comments Off on Laredo Petroleum Announces 2020 Capital Budget and Updates Three-Year Outlook
TULSA, OK, Feb. 26, 2020 (GLOBE NEWSWIRE) — Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or “the Company”) today announced the Company’s 2020 capital budget of approximately $450 million and updated its 2020 – 2022 three-year outlook. 2020 Budget Highlights Expect to balance capital expenditures and cash flow at $50 per barrel WTI and $2.25 per Read More

U.S. Supreme Court allows retirement plan lawsuit against Intel

1 day ago NAMEX Comments Off on U.S. Supreme Court allows retirement plan lawsuit against Intel
WASHINGTON (Reuters) – The U.S. Supreme Court on Wednesday refused to back stricter deadlines for workers to sue retirement plans over alleged mismanagement, ruling Intel Corp cannot avoid a suit accusing it of unlawfully making high-risk investments that cost retirement plan beneficiaries hundreds of millions of dollars. FILE PHOTO: U.S. chipmaker Intel Corp’s logo is Read More

UPDATE 2-U.S. Supreme Court allows retirement plan lawsuit against Intel

1 day ago NAMEX Comments Off on UPDATE 2-U.S. Supreme Court allows retirement plan lawsuit against Intel
WASHINGTON (Reuters) – The U.S. Supreme Court on Wednesday refused to back stricter deadlines for workers to sue retirement plans over alleged mismanagement, ruling Intel Corp cannot avoid a suit accusing it of unlawfully making high-risk investments that cost retirement plan beneficiaries hundreds of millions of dollars. FILE PHOTO: U.S. chipmaker Intel Corp’s logo is Read More

Lolita Island part 2? FBI raid New York HQ of fashion mogul friend of Prince Andrew in sex trafficking probe

2 days ago NAMEX Comments Off on Lolita Island part 2? FBI raid New York HQ of fashion mogul friend of Prince Andrew in sex trafficking probe
The FBI and NYPD have raided the New York offices of fashion exec Peter Nygard as part of a sex trafficking investigation – the fourth such probe of the mogul, who is accused of drugging and raping girls on his Bahamas estate. Six vans full of agents from the FBI and NYPD descended on Nygard’s Read More

Peyto Increases PDP Liquids 23% in 2020, Replaces 285% of Produced Liquids

1 week ago NAMEX Comments Off on Peyto Increases PDP Liquids 23% in 2020, Replaces 285% of Produced Liquids
CALGARY, Alberta, Feb. 19, 2020 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (“Peyto” or the “Company”) (TSX: PEY) is pleased to present the results and in-depth analysis of its independent reserve report effective December 31, 2019. The evaluation encompassed 100% of Peyto’s reserves and was conducted by InSite Petroleum Consultants (“InSite”). The year 2019 Read More

Amazon’s Bezos pledges $10 billion to climate change fight

1 week ago NAMEX Comments Off on Amazon’s Bezos pledges $10 billion to climate change fight
FILE PHOTO: Founder, Chairman, CEO and President of Amazon Jeff Bezos speaks during an event about Blue Origin’s space exploration plans in Washington, U.S., May 9, 2019. REUTERS/Clodagh Kilcoyne NEW YORK (Reuters) – Amazon Chief Executive Officer Jeff Bezos will commit $10 billion to fund scientists, activists, nonprofits and other groups fighting to protect the Read More

PRESS DIGEST-British Business – Feb 17

2 weeks ago NAMEX Comments Off on PRESS DIGEST-British Business – Feb 17
Feb 17 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times – Royal Dutch Shell has thrown its weight behind an energy storage venture bankrolled by CNIC, the Chinese investment fund, and China Huaneng Read More