Day: January 17, 2023

(17 January 2023) Statkraft has announced a major deal with Copenhagen Infrastructure Partners’ (CIP) fund Copenhagen Infrastructure IV K/S (CI IV) as part of its plans to develop up to 2.2 gigawatts of offshore wind in Ireland. This landmark partnership will see CIP acquire a 50% stake in Statkraft’s offshore wind portfolio in Ireland. The financial terms of the deal have not been disclosed. The scope of the partnership includes the three phases of the North Irish Sea Array, or NISA, and the Bore Array. The proposed location for NISA is off the coast of counties Dublin, Louth, and Meath, while the site of the Bore Array has been proposed for the Celtic Sea. Developing and building these projects is expected to require an investment of more than €4 billion by Statkraft and CIP by 2030. “The need for energy security and decarbonisation...

 KIN001 reduced fibrotic damage of the lung in a preclinical fibrosis model Potential as an effective oral therapy for Idiopathic Pulmonary Fibrosis (IPF) Phase 2 clinical trial in IPF patients in preparationBasel, Switzerland, January 17, 2023. Kinarus Therapeutics AG (SIX:KNRS) “Kinarus”, a Swiss clinical-stage biopharmaceutical company announced today preclinical data supporting the potential effectiveness of its lead clinical candidate, KIN001, as an oral treatment for idiopathic pulmonary fibrosis (IPF). Kinarus has developed a protocol for a Phase 2 clinical trial in patients with IPF in consultation with key experts, including PD Dr. Katrin Hostettler, Senior Physician in Pulmonology, at the University Hospital of Basel. In a mouse model of lung injury, KIN001 significantly reduced lung weights and tissue fibrosis score vs....

Oslo, 17 January 2023 – DNO ASA, the Norwegian oil and gas operator, will publish its Q4 and full-year 2022 operating and interim financial results on 9 February 2023 at 07:00 (CET). A videoconference call with executive management will follow at 11:00 (CET). The Company issues below an update on production and sales volumes for the quarter as well as other key financial information that will be further discussed in the earnings call. Volumes (boepd)Gross operated production Q4 2022 Q3 2022 Q4 2021  Kurdistan 107,822 109,054 107,472  North Sea – – –       Net entitlement production Q4 2022 Q3 2022 Q4 2021  Kurdistan 25,618 24,779 29,367  North Sea 14,976 13,970 13,571       Sales Q4 2022 Q3 2022 Q4 2021  Kurdistan 25,618 24,779 29,367  North Sea 15,152 11,569 23,289       Equity accounted production...

BUTTE, Mont., Jan. 16, 2023 (GLOBE NEWSWIRE) — NorthWestern Energy and Avista announce an agreement to provide NorthWestern Energy’s Montana customers needed on-demand power generation capacity and allow Avista to exit ownership of the Colstrip plant in accordance with the state of Washington laws.NorthWestern Energy will acquire Avista’s ownership of Colstrip Units 3 & 4, 222 megawatts, with no purchase price, effective on Jan. 1, 2026. Avista will retain its obligation for its portion of environmental and decommissioning costs associated with the future closure of the plant. NorthWestern Energy will be responsible for operational costs for the 15% shares of Colstrip Units 3 & 4 when ownership is transferred. Avista and NorthWestern Energy will prorate Avista’s share of the cost of certain capital expenses for the...

SPOKANE, Wash., Jan. 16, 2023 (GLOBE NEWSWIRE) — Avista Corporation (“Avista”) and NorthWestern Energy (“NorthWestern”) announce an agreement through which Avista will turn over its interest in the Colstrip coal-fired power plant to NorthWestern on December 31, 2025. Through the transaction, NorthWestern will assume ownership of the 222 MW generating capacity that is currently owned by Avista, along with its related interest in the plant, plant equipment, rights and obligations. “This transaction is the result of several years of work and discussions among all owners of Colstrip, through which we have looked for commercial solutions that would allow Avista and others to exit Colstrip by the end of 2025, while also meeting the needs of other owners and stakeholders, including NorthWestern and the state of Montana,” said Jason Thackston,...

CALGARY, Alberta, Jan. 16, 2023 (GLOBE NEWSWIRE) — Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or the “Company”) is pleased to announce the signing of a $4.0 million seismic data licensing sales contract. The license is for 3D seismic data located in a liquids rich fairway in West Central Alberta. In this area, Pulse’s data library provides significant seismic coverage, which is critical for today’s data focused exploration and development companies. At this time, the Company also wishes to update shareholders by providing its preliminary revenue estimate for 2022. Total revenue is expected to approximate $9.6 million for the calendar year ended December 31, 2022. Pulse continues to be debt-free, has an undrawn revolving credit facility with $25.0 million of borrowing capacity, and currently has a cash balance of approximately...

TORONTO, Jan. 16, 2023 (GLOBE NEWSWIRE) — Centerra Gold Inc. (“Centerra” or the “Company”) (TSX: CG and NYSE: CGAU) reports 2022 fourth quarter and full-year production, 2023 production and cost guidance for the Mount Milligan Mine and provides an update on operations at the Öksüt Mine. All figures are in United States dollars. All production figures reflect payable metal quantities and are on a 100%-basis, unless otherwise stated. For references denoted with NG, refer to the “Non-GAAP and Other Financial Measures” disclosure at the end of this news release for a description of these measures. 2022 Fourth Quarter and Annual Production HighlightsGold production in the fourth quarter of 2022 was 53,222 ounces solely from the Mount Milligan Mine. Full year 2022 gold production was 243,868 ounces, including 189,177 ounces of gold...

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW CALGARY, Alberta, Jan. 16, 2023 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (TSX: HWO) “High Arctic” or the “Corporation” is pleased to announce that it has closed the sale of its Canadian well servicing business (“Well Servicing Transaction”) on receipt of the final cash payment of $28.0 million earlier today. The Corporation repaid $3.6 million of mortgage principal related to the real estate properties included in the Well Servicing Transaction during December 2022. The Well Servicing Transaction was announced by the Corporation on July 18, 2022 with an effective date of July 29, 2022. The sale was transacted through an...

TORONTO, Jan. 16, 2023 (GLOBE NEWSWIRE) — It is with profound sadness that Rogers Communications Inc. announces the passing of Alan D. Horn, devoted company executive, and member of the Board of Directors. “Alan was one of the most devoted and astute leaders I have ever worked with,” said Edward Rogers, Chairman, Rogers Communications. “He’s made immeasurable contributions to the company over the past 30 years and for that, we are forever grateful. He not only served as a confidante to Ted, and a trusted advisor to the Board, he was a mentor and a friend to me.” Alan joined Rogers in 1990, after working as a tax consultant to Ted Rogers for over 10 years. He worked in a variety of roles, including Chief Financial Officer from 1996 to 2006 and Chair of the Board from 2006 to 2017. He also served as Interim President and Chief Executive...