Category: Financial News

  • MPLX LP Announces Quarterly Distribution

    FINDLAY, Ohio, Oct. 27, 2020 /PRNewswire/ — The board of directors of the general partner of MPLX LP (NYSE: MPLX) has declared a quarterly cash distribution of $0.6875 per common unit for the third quarter of 2020, or $2.75 on an annualized basis. The distribution will be paid on Nov. 13, 2020, to common unitholders of…

  • Michael Baker International Names Gil Bosque, P.E., Vice President and Hamilton, New Jersey, Office Executive

    Mr. Bosque brings more than 20 years of transportation engineering experience to new leadership role HAMILTON, N.J., Oct. 28, 2020 /PRNewswire/ — Michael Baker International, a global leader in engineering, planning and consulting services celebrating 80 Years of Making a Difference, announced today that Gil Bosque, P.E., has been promoted to Vice President and Office Executive…

  • EQT Announces Proposed Public Offering Of Common Stock

    PITTSBURGH, Oct. 27, 2020 /PRNewswire/ — EQT Corporation (NYSE: EQT) (the Company or EQT) announced today that it has commenced an underwritten public offering of 20,000,000 shares of its common stock (the Offering). The Company intends to grant the underwriters a 30-day option to purchase up to an additional 3,000,000 shares of its common stock.…

  • GALT Acquires Sea Dragon Energy, Inc.

    DEL MAR, Calif., Oct. 27, 2020 /PRNewswire/ — Global Air Logistics and Training, Inc. (GALT) has acquired Sea Dragon Energy, Inc. (SDEI) of Florence, Texas in a stock-only exchange on Monday, October 19, 2020. SDEI is now a Majority-owned Subsidiary of GALT and will pursue defense and commercial energy business with emphasis on clean energy. John…

  • Renewable Energy Systems Power Long-Term Growth Potential for Global Battery Demand

    CLEVELAND, Oct. 28, 2020 /PRNewswire/ — Though representing a relatively small share of total demand, battery storage in solar and wind energy systems is a key growth area in the $106 billion global battery market, with significant long-term growth opportunities expected as the technology takes hold and renewable energy generation expands: Grid-scale energy storage holds particularly…

  • EQT Announces the Acquisition of Chevron’s Appalachia Assets

    Highly attractive, low-risk, strategic bolt-on acquisition PITTSBURGH, Oct. 27, 2020 /PRNewswire/ — EQT Corporation (NYSE: EQT) today announced that it has entered into a definitive purchase and sale agreement with Chevron U.S.A. Inc. under which EQT will acquire Chevron’s upstream and midstream assets located in the Appalachian Basin for $735 million, subject to customary adjustments at closing.…

  • Montana Public Service Commission action on Colstrip misaligned with Montana’s severe capacity shortage

    BUTTE, Mont., Oct. 27, 2020 /PRNewswire/ — NorthWestern Corporation d/b/a NorthWestern Energy (Nasdaq: NWE).  Today the Montana Public Service Commission handed down another decision hostile to Colstrip by voting to penalize NorthWestern Energy’s Colstrip operations by $5.7 million through the annual Power Costs and Credits Adjustment Mechanism (PCCAM).  It is particularly disappointing given this disallowance…

  • Nexant Patents Fundamental Breakthrough to Mitigate Indeterminacy in Processes of Generation and Delivery of Electrical Energy with Implications beyond Energy Industry

    PHOENIX, Oct. 27, 2020 /PRNewswire/ — In 2016, Nexant grid experts Joseph Bright and Mauro Prais discovered a solution to the problem of indeterminacy in the clearing value of electrical energy in power systems. In particular, the patented approach successfully and consistently determines the clearing values (e.g., prices) when multiple solutions for clearing exist. This fundamental…

  • Albemarle Corporation Announces Dividend

    CHARLOTTE, N.C., Oct. 27, 2020 /PRNewswire/ — The Board of Directors of Albemarle Corporation (NYSE: ALB) announces that it has declared a quarterly dividend of $0.385 per share. The dividend, which has an annualized rate of $1.54, is payable Jan. 4, 2021, to shareholders of record at the close of business as of Dec. 11, 2020.…

  • EQT Announces Pricing Of Public Offering Of Common Stock

    PITTSBURGH, Oct. 27, 2020 /PRNewswire/ — EQT Corporation (NYSE: EQT) (the Company or EQT) announced today that it has priced a public offering of 20,000,000 shares of its common stock at a price to the public of $15.50 per share (the Offering). The Company has granted the underwriters a 30-day option to purchase up to an…