DOCSLIB.ORG

Valaris Plc (Exact Name of Registrant As Specified in Its Charter)

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Valaris Plc (Exact Name of Registrant As Specified in Its Charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 DATE OF REPORT (Date of earliest event reported): September 3, 2019 Valaris plc (Exact name of registrant as specified in its charter) England and Wales 1-8097 98-0635229 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 6 Chesterfield Gardens London, England W1J 5BQ (Address of Principal Executive Offices and Zip Code) Registrant’s telephone number, including area code: 44 (0) 20 7659 4660 Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Ticker Symbol(s) Name of each exchange on which registered Class A ordinary shares, U.S. $0.40 par value VAL New York Stock Exchange 4.70% Senior Notes due 2021 VAL21 New York Stock Exchange 4.50% Senior Notes due 2024 VAL24 New York Stock Exchange 8.00% Senior Notes due 2024 VAL24A New York Stock Exchange 5.20% Senior Notes due 2025 VAL25A New York Stock Exchange 7.75% Senior Notes due 2026 VAL26 New York Stock Exchange 5.75% Senior notes due 2044 VAL44 New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined by Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2). o Emerging Growth Company o If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. TABLE OF CONTENTS INFORMATION TO BE INCLUDED IN THE REPORT Item 7.01 Regulation FD Disclosure 4 Item 9.01 Financial Statements and Exhibits 5 SIGNATURE 6 3 Item 7.01 Regulation FD Disclosure The Barclays CEO Energy - Power Conference Presentation of Valaris plc on September 4, 2019 is furnished as Exhibit 99.1 to this report. The information furnished in Item 7.01 and in Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing. 4 Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 99.1 Barclays CEO Energy-Power Conference Presentation, dated September 4, 2019 5 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Valaris plc Date: September 3, 2019 /s/ Tommy Darby Tommy Darby Vice President and Controller 6 Barclays CEO Energy- Power Conference September 2019 Forward-Looking Statements Statements contained in this investor presentation that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include words or phrases such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” “project,” “could,” “may,” “might,” “should,” “will” and similar words and specifically include statements involving expected financial performance, effective tax rate, expected expense savings, day rates and backlog, estimated rig availability; rig commitments and contracts; contract duration, status, terms and other contract commitments; estimated capital expenditures; letters of intent or letters of award; scheduled delivery dates for rigs; the timing of delivery, mobilization, contract commencement, relocation or other movement of rigs; our intent to sell or scrap rigs; and general market, business and industry conditions, trends and outlook. In addition, statements included in this investor presentation regarding the anticipated benefits, opportunities, synergies and effects of the merger between Ensco and Rowan are forward-looking statements. Such statements are subject to numerous risks, uncertainties and assumptions that may cause actual results to vary materially from those indicated, including actions by rating agencies or other third parties; actions by our security holders; costs and difficulties related to the integration of Ensco and Rowan and the related impact on our financial results and performance; our ability to repay debt and the timing thereof; availability and terms of any financing; commodity price fluctuations, customer demand, new rig supply, downtime and other risks associated with offshore rig operations, relocations, severe weather or hurricanes; changes in worldwide rig supply and demand, competition and technology; future levels of offshore drilling activity; governmental action, civil unrest and political and economic uncertainties; terrorism, piracy and military action; risks inherent to shipyard rig construction, repair, maintenance or enhancement; possible cancellation, suspension or termination of drilling contracts as a result of mechanical difficulties, performance, customer finances, the decline or the perceived risk of a further decline in oil and/or natural gas prices, or other reasons, including terminations for convenience (without cause); the cancellation of letters of intent or letters of award or any failure to execute definitive contracts following announcements of letters of intent, letters of award or other expected work commitments; the outcome of litigation, legal proceedings, investigations or other claims or contract disputes; governmental regulatory, legislative and permitting requirements affecting drilling operations; our ability to attract and retain skilled personnel on commercially reasonable terms; environmental or other liabilities, risks or losses; debt restrictions that may limit our liquidity and flexibility; tax matters including our effective tax rate; and cybersecurity risks and threats. In addition to the numerous factors described above, you should also carefully read and consider “Item 1A. Risk Factors” in Part I and “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part II of our most recent annual report on Form 10-K, as updated in our subsequent quarterly reports on Form 10-Q, which are available on the SEC’s website at www.sec.gov or on the Investors section of our website at www.valaris.com. Each forward-looking statement speaks only as of the date of the particular statement, and we undertake no obligation to publicly update or revise any forward-looking statements, except as required by law. 2 Outline 1. Company Highlights 2. Market Dynamics 3. Valaris Fleet 4. ARO Drilling 5. Financial Management 6. Integration, Synergies & Operational Highlights 3 Valaris Overview (NYSE: VAL) Fleet Financial Operational • Largest and amongst the highest-quality offshore drilling fleets in the world 16 drillships $ 12 semisubmersibles • $2.7 billion of liquidity • Presence in nearly all major 54 jackups ‒ $0.4 billion of cash and short- offshore markets and on six term investments1 continents • ~$11 billion of gross asset ‒ $2.3 billion unsecured value from rig fleet revolving credit facility2 • Large & diverse customer according to third party base including major, • $2.4 billion of contracted estimates national and independent revenue backlog3 E&P companies • ARO Drilling 50/50 joint • $1.1 billion of debt • Strong track record of venture with Saudi Aramco, maturities prior to 20241 the largest jackup customer safety, innovation and – Ability to add guaranteed worldwide operational excellence and/or secured debt to capital structure 1As of June 30, 2019 pro forma for debt tender offers completed in July that reduced cash and equivalents by $741M 2Borrowing capacity under revolving credit facility is approximately $2.3B through September 2019 and approximately $1.6B from October 2019 4 through September 2022. As of August 1, 2019, the Company had drawn $125M on its revolver to partially fund repayment of the 2019 senior note maturity. 3As of most recent 10-Q filing Valaris is Focused on Four Key Priorities in 2019 Fleet Strategy & Contracting Assets Driving Value at ARO Drilling Proactive Financial Management Delivering on Integration & Synergy Capture and Operational Excellence 5 Market Dynamics 6 Offshore Project Approvals Expected to Lead to Higher Levels of Capital Expenditures Number of New Major Offshore Project Approvals • With lower project costs 91 88 relative to prior years and 81 74 increasing cash flows from 58 higher commodity prices, the 50 42 40 number of final investment decision approvals for large offshore projects has increased recently 2012 2013 2014 2015 2016 2017 2018 2019E ‒ Drilling rigs required between
Load more

Recommended publications
  • TEACHERS' RETIREMENT SYSTEM of the STATE of ILLINOIS 2815 West Washington Street I P.O
    Teachers’ Retirement System of the State of Illinois Compliance Examination For the Year Ended June 30, 2020 Performed as Special Assistant Auditors for the Auditor General, State of Illinois Teachers’ Retirement System of the State of Illinois Compliance Examination For the Year Ended June 30, 2020 Table of Contents Schedule Page(s) System Officials 1 Management Assertion Letter 2 Compliance Report Summary 3 Independent Accountant’s Report on State Compliance, on Internal Control over Compliance, and on Supplementary Information for State Compliance Purposes 4 Independent Auditors’ Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards 8 Schedule of Findings Current Findings – State Compliance 10 Supplementary Information for State Compliance Purposes Fiscal Schedules and Analysis Schedule of Appropriations, Expenditures and Lapsed Balances 1 13 Comparative Schedules of Net Appropriations, Expenditures and Lapsed Balances 2 15 Comparative Schedule of Revenues and Expenses 3 17 Schedule of Administrative Expenses 4 18 Schedule of Changes in Property and Equipment 5 19 Schedule of Investment Portfolio 6 20 Schedule of Investment Manager and Custodian Fees 7 21 Analysis of Operations (Unaudited) Analysis of Operations (Functions and Planning) 30 Progress in Funding the System 34 Analysis of Significant Variations in Revenues and Expenses 36 Analysis of Significant Variations in Administrative Expenses 37 Analysis
    [Show full text]
  • 2021 Annual General Meeting and Proxy Statement 2020 Annual Report
    2020 Annual Report and Proxyand Statement 2021 Annual General Meeting Meeting General Annual 2021 Transocean Ltd. • 2021 ANNUAL GENERAL MEETING AND PROXY STATEMENT • 2020 ANNUAL REPORT CONTENTS LETTER TO SHAREHOLDERS NOTICE OF 2021 ANNUAL GENERAL MEETING AND PROXY STATEMENT COMPENSATION REPORT 2020 ANNUAL REPORT TO SHAREHOLDERS ABOUT TRANSOCEAN LTD. Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on ultra-deepwater and harsh environment drilling services, and operates one of the most versatile offshore drilling fleets in the world. Transocean owns or has partial ownership interests in, and operates a fleet of 37 mobile offshore drilling units consisting of 27 ultra-deepwater floaters and 10 harsh environment floaters. In addition, Transocean is constructing two ultra-deepwater drillships. Our shares are traded on the New York Stock Exchange under the symbol RIG. OUR GLOBAL MARKET PRESENCE Ultra-Deepwater 27 Harsh Environment 10 The symbols in the map above represent the company’s global market presence as of the February 12, 2021 Fleet Status Report. ABOUT THE COVER The front cover features two of our crewmembers onboard the Deepwater Conqueror in the Gulf of Mexico and was taken prior to the COVID-19 pandemic. During the pandemic, our priorities remain keeping our employees, customers, contractors and their families healthy and safe, and delivering incident-free operations to our customers worldwide. FORWARD-LOOKING STATEMENTS Any statements included in this Proxy Statement and 2020 Annual Report that are not historical facts, including, without limitation, statements regarding future market trends and results of operations are forward-looking statements within the meaning of applicable securities law.
    [Show full text]
  • Global Proxy Voting Records
    Global Proxy Voting Records Vote Summary Report Date range covered: 03/01/2021 to 03/31/2021 Location(s): All Locations Alibaba Health Information Technology Limited Meeting Date: 03/01/2021 Country: Bermuda Record Date: 02/23/2021 Meeting Type: Special Ticker: 241 Primary ISIN: BMG0171K1018 Proposal Vote Number Proposal Text Proponent Mgmt Rec Instruction 1 Approve Revised Annual Cap Under the Mgmt For For Technical Services Framework Agreement Baidu, Inc. Meeting Date: 03/01/2021 Country: Cayman Islands Record Date: 01/28/2021 Meeting Type: Special Ticker: BIDU Primary ISIN: US0567521085 Proposal Vote Number Proposal Text Proponent Mgmt Rec Instruction Meeting for ADR Holders Mgmt 1 Approve One-to-Eighty Stock Split Mgmt For For Pride International, Inc. Meeting Date: 03/01/2021 Country: USA Record Date: 12/01/2020 Meeting Type: Written Consent Ticker: N/A Primary ISIN: US74153QAJ13 Proposal Vote Number Proposal Text Proponent Mgmt Rec Instruction 1 Vote On The Plan (For = Accept, Against = Mgmt For Abstain Reject; Abstain Votes Do Not Count) 2 Opt Out of the Third-Party Releases (For = Mgmt None For Opt Out, Against or Abstain = Do Not Opt Out) * Instances of "Do Not Vote" are normally owing to: - Share-blocking - temporary restriction of trading by the Sub-Custodian following vote submission - Client restrictions - Conflicts of Interest. For any queries, please contact [email protected] Global Proxy Voting Records Vote Summary Report Date range covered: 03/01/2021 to 03/31/2021 Location(s): All Locations The
    [Show full text]
  • Chapter 11 ) VALARIS PLC, Et Al.,1 ) Case No
    Case 20-34114 Document 16 Filed in TXSB on 08/19/20 Page 1 of 63 UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF TEXAS HOUSTON DIVISION ) In re: ) Chapter 11 ) VALARIS PLC, et al.,1 ) Case No. 20-34114 (MI) ) Debtors. ) (Jointly Administered) ) (Emergency Hearing Requested) DEBTORS’ EMERGENCY APPLICATION FOR ENTRY OF AN ORDER AUTHORIZING THE RETENTION AND APPOINTMENT OF STRETTO AS CLAIMS, NOTICING, AND SOLICITATION AGENT EMERGENCY RELIEF HAS BEEN REQUESTED. A HEARING WILL BE CONDUCTED ON THIS MATTER ON AUGUST 20, 2020 AT 2:00 PM IN COURTROOM 404, 4TH FLOOR, 515 RUSK AVENUE, HOUSTON, TX 77002. YOU MAY PARTICIPATE IN THE HEARING EITHER IN PERSON OR BY AUDIO/VIDEO CONNECTION. AUDIO COMMUNICATION WILL BE BY USE OF THE COURT’S DIAL-IN FACILITY. YOU MAY ACCESS THE FACILITY AT (832) 917-1510. YOU WILL BE RESPONSIBLE FOR YOUR OWN LONG-DISTANCE CHARGES. ONCE CONNECTED, YOU WILL BE ASKED TO ENTER THE CONFERENCE ROOM NUMBER. JUDGE ISGUR’S CONFERENCE ROOM NUMBER IS 954554. YOU MAY VIEW VIDEO VIA GOTOMEETING. TO USE GOTOMEETING, THE COURT RECOMMENDS THAT YOU DOWNLOAD THE FREE GOTOMEETING APPLICATION. TO CONNECT, YOU SHOULD ENTER THE MEETING CODE “JUDGEISGUR” IN THE GOTOMEETING APP OR CLICK THE LINK ON JUDGE ISGUR’S HOME PAGE ON THE SOUTHERN DISTRICT OF TEXAS WEBSITE. ONCE CONNECTED, CLICK THE SETTINGS ICON IN THE UPPER RIGHT CORNER AND ENTER YOUR NAME UNDER THE PERSONAL INFORMATION SETTING. HEARING APPEARANCES MUST BE MADE ELECTRONICALLY IN ADVANCE OF THE HEARING. TO MAKE YOUR ELECTRONIC APPEARANCE, GO TO THE SOUTHERN DISTRICT OF TEXAS WEBSITE AND SELECT “BANKRUPTCY COURT” FROM THE TOP MENU.
    [Show full text]
  • E-Learning Most Socially Active Professionals
    The World’s Most Socially Active Oil & Energy Professionals – September 2020 Position Company Name LinkedIN URL Location Size No. Employees on LinkedIn No. Employees Shared (Last 30 Days) % Shared (Last 30 Days) 1 Rystad Energy https://www.linkedin.com/company/572589 Norway 201-500 282 87 30.85% 2 Comerc Energia https://www.linkedin.com/company/2023479 Brazil 201-500 327 89 27.22% 3 International Energy Agency (IEA) https://www.linkedin.com/company/26952 France 201-500 426 113 26.53% 4 Tecnogera Geradores https://www.linkedin.com/company/2679062 Brazil 201-500 211 52 24.64% 5 Cenit Transporte y Logística de Hidrocarburos https://www.linkedin.com/company/3021697 Colombia 201-500 376 92 24.47% 6 Moove https://www.linkedin.com/company/12603739 Brazil 501-1000 250 59 23.60% 7 Evida https://www.linkedin.com/company/15252384 Denmark 201-500 246 57 23.17% 8 Dragon Products Ltd https://www.linkedin.com/company/9067234 United States 1001-5000 350 79 22.57% 9 Kenter https://www.linkedin.com/company/10576847 Netherlands 201-500 246 54 21.95% 10 Repower Italia https://www.linkedin.com/company/945861 Italy 501-1000 444 96 21.62% 11 Trident Energy https://www.linkedin.com/company/11079195 United Kingdom 201-500 283 60 21.20% 12 Odfjell Well Services https://www.linkedin.com/company/9363412 Norway 501-1000 250 52 20.80% 13 XM Filial de ISA https://www.linkedin.com/company/2570688 Colombia 201-500 229 47 20.52% 14 Energi Fyn https://www.linkedin.com/company/1653081 Denmark 201-500 219 44 20.09% 15 Society of Petroleum Engineers International https://www.linkedin.com/company/23356 United States 201-500 1,477 294 19.91% 16 Votorantim Energia https://www.linkedin.com/company/3264372 Brazil 201-500 443 86 19.41% 17 TGT Oilfield Services https://www.linkedin.com/company/1360433 United Arab Emirates201-500 203 38 18.72% 18 Motrice Soluções em Energia https://www.linkedin.com/company/11355976 Brazil 201-500 214 40 18.69% 19 GranIHC Services S.A.
    [Show full text]
  • Halliburton Company
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (RULE 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement CONFIDENTIAL, FOR USE OF THE COMMISSION ONLY (AS PERMITTED BY RULE 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under §240.14a-12 HALLIBURTON COMPANY (Name of Registrant as Specified in its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transaction applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): (4) Proposed maximum aggregate value of transaction: (5) Total fee paid: Fee paid previously with preliminary materials. Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. (1) Amount Previously Paid: (2) Form, Schedule or Registration Statement No.: (3) Filing Party: (4) Date Filed: To Our Valued Shareholders: April 7, 2020 “Turning to 2020, .
    [Show full text]
  • United States Bankruptcy Court Southern District of Texas Houston Division
    Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 1 of 58 UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF TEXAS HOUSTON DIVISION ) In re: ) Chapter 11 ) VALARIS PLC, et al.,1 ) Case No. 20-34114 (MI) ) Debtors. ) (Jointly Administered) ) GLOBAL NOTES, METHODOLOGY, AND SPECIFIC DISCLOSURES REGARDING THE DEBTORS’ SCHEDULES OF ASSETS AND LIABILITIES AND STATEMENTS OF FINANCIAL AFFAIRS Introduction Valaris plc (“Valaris”) and its debtor affiliates, as debtors and debtors in possession in the above-captioned chapter 11 cases (collectively, the “Debtors”), with the assistance of their advisors, have filed their respective Schedules of Assets and Liabilities (the “Schedules”) and Statements of Financial Affairs (the “Statements,” and together with the Schedules, the “Schedules and Statements”) with the United States Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”), under section 521 of title 11 of the United States Code (the “Bankruptcy Code”), Rule 1007 of the Federal Rules of Bankruptcy Procedure (the “Bankruptcy Rules”), and Rule 1007-1 of the Bankruptcy Local Rules for the Southern District of Texas (the “Local Rules”). These Global Notes, Methodology, and Specific Disclosures Regarding the Debtors’ Schedules of Assets and Liabilities and Statements of Financial Affairs (the “Global Notes”) pertain to, are incorporated by reference in, and comprise an integral part of all of the Debtors’ Schedules and Statements. The Global Notes should be referred to, considered, and reviewed in connection with any review of the Schedules and Statements. The Schedules and Statements do not purport to represent financial statements prepared in accordance with Generally Accepted Accounting Principles in the United States (“GAAP”), nor are they intended to be fully reconciled with the financial statements of each Debtor.
    [Show full text]
  • Conference Roster V4.Xlsx
    International Association of Drilling Contractors Conference Attendees Handout List 2019 IADC Annual General Meeting Name Company Name City, State Country Niels Meissner 3T ENERGY GROUP LIMITED Houston, TX USA Lizzie Fletcher 7TH DISTRICT TEXAS Houston, TX USA Andrew Christensen ABS Spring, TX USA William Lee ALPS WIRE ROPE CORP Chidester, AR USA Mike Borg AMERICAN BLOCK COMPANY Houston, TX USA Rajani Shah AMERICAN BLOCK COMPANY Houston, TX USA Rocquee Johnson AMERICAN BLOCK COMPANY Houston, TX USA Arun Karle ASKARA ENTERPRISES Mumbai India Sang Karle ASKARA ENTERPRISES Sugar Land, TX USA Espen Thomassen AXESS NORTH AMERICA INC Houston, TX USA Jostein Tverdal AXESS NORTH AMERICA INC Houston, TX USA Jeff Hunter AXON ENERGY SERVICES Houston, TX USA Chuck Chauviere BAKER HUGHES Houston, TX USA Kyle Nelson BAKER HUGHES Houston, TX USA Lester Bruno BAKER HUGHES Houston, TX USA Matt Boerlage BAKER HUGHES Houston, TX USA Mike Bowie BAKER HUGHES Houston, TX USA Chase Mulvehill BANK OF AMERICA MERRILL LYNCH Houston, TX USA Herman Vizcarrondo BESTOLIFE CORPORATION Dallas, TX USA Jessica Bertsch BOSKALIS OFFSHORE Houston, TX USA Michele Richard BOSKALIS OFFSHORE Houston, TX USA Chris Parker BP Houston, TX USA Andrew Hernandez BRIDON‐BEKAERT ROPES GROUP Haslet, TX USA Jose Ramon Cervantes BRIDON‐BEKAERT ROPES GROUP Hanover Township, PA USA Tony Tarabochia BRIDON‐BEKAERT ROPES GROUP Wilkes‐Barre, PA USA Greg Hudson CACTUS DRILLING COMPANY Guthrie, OK USA Kathy Willingham CACTUS DRILLING COMPANY Oklahoma City, OK USA Kyle Blevins CACTUS DRILLING COMPANY
    [Show full text]
  • Core Laboratories N.V. 2020 Remuneration Report
    Core Laboratories N.V. 2020 Remuneration Report INTRODUCTION The Board of Supervisory Directors, on recommendation of the Compensation Committee, determines the remuneration of the key management personnel or Named Executive Officers (“NEOs”). During the Annual General Meeting of Shareholders on 20 May 2020, the remuneration policy presented for the Management Board and Supervisory Board was adopted and approved by the shareholders, and the remuneration report was approved, on an advisory basis. Compensation Committee’s Principal Functions The Compensation Committee's principal functions, which are discussed in more detail in its charter, include a general review of our compensation and benefit plans to ensure that they are properly designed to meet corporate objectives. The Compensation Committee reviews and approves the compensation of our Chief Executive Officer and our senior executive officers, granting of awards under our benefit plans and adopting and changing major compensation policies and practices. The Compensation Committee also regularly discusses a succession plan for the Chief Executive Officer and other senior executive management. In addition to establishing the compensation for the Chief Executive Officer, the Compensation Committee reports its recommendations to the Supervisory Board for review and approve awards made pursuant to our Long-Term Incentive Plan (“LTIP”). Pursuant to its charter, the Compensation Committee has the authority to delegate its responsibilities to other persons. The Compensation Committee held six meetings in 2020. The Compensation Committee periodically retains a consultant to provide independent advice on executive compensation matters and to perform specific project-related work. The Compensation Committee communicates to the consultant the role that management has in the analysis of executive compensation, such as the verification of executive and Company information that the consultant requires.
    [Show full text]
  • Customer Margins for Onechicago Futures
    #45633 TO: ALL CLEARING MEMBERS DATE: September 13, 2019 SUBJECT: Customer Margins for OneChicago Futures Each month OCC updates OneChicago scan ranges used in the OCX SPAN parameter file. The frequency of the updates is intended to keep the futures customer margin rates more closely aligned with clearing margins, while maintaining regulatory minimums related to security futures. This month’s new rates will be effective on Tuesday 9/24. To receive email notification of these rate changes, which includes an attached file of the rate changes, please subscribe to the ONE Updates list from the OFRA webpage: https://www.theocc.com/risk- management/ofra/, or contact [email protected]. The following scan ranges will be updated, and all others will not change: Commodity Name Current Scan Code Scan Range Range Effective 9/24 AAL American Airlines Group Inc. 29.4 30.1 ABMD ABIOMED INCCOM 29.0 20.0 ACAD ACADIA PHARMACEUTICALS 29.1 53.7 ACIA ACACIA COMMUNICATIONS INCCOM 24.4 23.7 AGIO AGIOS PHARMACEUTICALS INCCOM 23.1 22.1 AKCA AKCEA THERAPEUTICS INCCOM 29.2 28.9 AKRX AKORN INCCOM 23.7 30.1 ALGN ALIGN TECHNOLOGY INCCOM 39.7 20.0 AMAG AMAG Pharmaceuticals Inc 23.4 20.0 AMBA AMBARELLA INCSHS 20.0 22.3 AMCR AMCOR PLC 23.9 22.8 AMD ADVANCED MICRO DEVICES INC 27.1 20.0 ANGI ANGI Homeservices Inc. 84.8 20.0 APEI AMERICAN PUBLIC EDUCATION INCOM 35.8 20.0 APHA APHRIA INCCOM 38.7 31.9 AR ANTERO RES CORPCOM 22.0 25.3 BITA BITAUTO HLDGS LTDSPONSORED ADS 21.0 20.4 BKEP BLUEKNIGHT ENERGY PARTNERS LCOM UNIT 22.5 22.7 BLUE BLUEBIRD BIO INCCOM 23.6 23.2 CARA CARA THERAPEUTICS INCCOM 25.8 25.4 CBL CBL & ASSOC PPTYS INCCOM 26.3 65.4 CCO Clear Channel Outdoor Holdings, Inc.
    [Show full text]
  • Negativliste. Fossil Energi
    Negativliste. Fossil energi Maj 2021 Udstedende selskab 1 ABJA Investment Co Pte Ltd 2 ABM Investama Tbk PT 3 Aboitiz Equity Ventures Inc 4 Aboitiz Power Corp 5 Abraxas Petroleum Corp 6 Abu Dhabi National Energy Co PJSC 7 AC Energy Finance International Ltd 8 Adams Resources & Energy Inc 9 Adani Electricity Mumbai Ltd 10 Adani Power Ltd 11 Adani Transmission Ltd 12 Adaro Energy Tbk PT 13 Adaro Indonesia PT 14 ADES International Holding PLC 15 Advantage Oil & Gas Ltd 16 Aegis Logistics Ltd 17 Aenza SAA 18 AEP Transmission Co LLC 19 AES Alicura SA 20 AES El Salvador Trust II 21 AES Gener SA 22 AEV International Pte Ltd 23 African Rainbow Minerals Ltd 24 AGL Energy Ltd 25 Agritrade Resources Ltd 26 AI Candelaria Spain SLU 27 Air Water Inc 28 Akastor ASA 29 Aker BP ASA 30 Aker Solutions ASA 31 Aksa Akrilik Kimya Sanayii AS 32 Aksa Enerji Uretim AS 33 Alabama Power Co 34 Alarko Holding AS 35 Albioma SA 36 Alexandria Mineral Oils Co 37 Alfa Energi Investama Tbk PT 38 ALLETE Inc 1 39 Alliance Holdings GP LP 40 Alliance Resource Operating Partners LP / Alliance Resource Finance Corp 41 Alliance Resource Partners LP 42 Alliant Energy Corp 43 Alpha Metallurgical Resources Inc 44 Alpha Natural Resources Inc 45 Alta Mesa Resources Inc 46 AltaGas Ltd 47 Altera Infrastructure LP 48 Altius Minerals Corp 49 Altus Midstream Co 50 Aluminum Corp of China Ltd 51 Ameren Corp 52 American Electric Power Co Inc 53 American Shipping Co ASA 54 American Tanker Inc 55 AmeriGas Partners LP / AmeriGas Finance Corp 56 Amplify Energy Corp 57 Amplify Energy Corp/TX 58
    [Show full text]
  • Investigation Report
    Investigation report Report Report title Activity number Report of the investigation of an incident with a ram door blown off a Equinor (001025023) BOP during a connection test on Rowan Stavanger 14 September 2020 Valaris (414002011) Security grading Public Restricted Strictly confidential Not publicly available Confidential Involved Teams Date T-F, T-1 2 March 2020 Members of the investigation team Investigation leader Amir Gergerechi Amir Gergerechi Linn Iren Vestly Bergh Siv A Eeg Thom Fosselie Investigation report 2 Contents 1 Summary ............................................................................................................................................... 6 2 Background information ................................................................................................................. 7 Gudrun field and the facility ............................................................................................ 7 Rowan Stavanger facility and organisation ................................................................ 8 Valaris operations organisation on Rowan Stavanger ........................................... 9 2.3.1 Organogram Valaris Norge ......................................................... 9 2.3.2 Organogram Rowan Stavanger .................................................. 9 Equinor’s contract requirement for subsea engineers on Rowan Stavanger10 Equipment involved ......................................................................................................... 10 2.5.1 NOV NXT
    [Show full text]