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Month: January 2024

Oilfield Equipment Market Size Worth USD 30.11 Billion in 2032 | Emergen Research

Increasing shale gas extraction, technological advancements in oilfield equipment, and redevelopment of mature oil wells are some of the major factors driving the oilfield equipment market revenue growth. Vancouver, Jan. 18, 2024 (GLOBE NEWSWIRE) — The global oilfield equipment market size was USD 20.65 billion in 2022 and is expected to register a revenue CAGR of 3.9% during the forecast period. Increasing shale gas extraction, technological advancements in oilfield equipment, and redevelopment of mature oil wells are some of the major factors driving the oilfield equipment market revenue growth. Technological advancements in oil well drilling equipment have been crucial in exploration of new oil and gas sources to cater to the growing global energy demand. Newer technologies are enabling more rapid energy production, and also...

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BW Energy: Final results of the mandatory offer to acquire all shares in BW Energy Limited

Final results of the mandatory offer to acquire all shares in bw energy limited Reference is made to the mandatory offer by BW Group Limited (the “Offeror”) to acquire all outstanding shares (“Shares”) in BW Energy Limited (“BW Energy” or the “Company”) not already owned by the Offeror at an offer price of NOK 27.00 per share pursuant to the offer document (the “Offer Document”) dated 13 December 2023 (the “Offer”), and to the announcement dated 14 January 2024 of the preliminary results of the Offer following the expiry of the offer period (the “Offer Period”) on 12 January 2024 at 16:30 (CET). The Offer was accepted for a total of 30,589,179 Shares, which, taken together with the 103,202,470 Shares held by the Offeror at commencement of the Offer Period,...

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Inside information, profit warning: WithSecure’s Cloud Annual Recurring Revenue (ARR) growth did not reach the outlook; WithSecure estimates to meet other areas of the 2023 outlook

WithSecure Corporation, Inside information, 18 January 2024 at 19:00 EET  Inside information, profit warning: WithSecure’s Cloud Annual Recurring Revenue (ARR) growth did not reach the outlook; WithSecure estimates to meet other areas of the 2023 outlook According to preliminary, unaudited figures, WithSecure estimates that the ARR growth of cloud products will be approximately 8 % from the previous year. Outlook for 2023 for cloud ARR growth was 18 – 24%. At the end of 2022, cloud ARR was EUR 80.2 million. Rationale for not meeting the cloud ARR outlook WithSecure cloud revenue is based on recurring subscriptions. The company collected a high volume of new subscriptions in the end of 2022, leading to a very high December 2022 ARR. Although the fourth quarter 2023 revenue was higher than in the other quarters of the year, a similar year-end...

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Mortgage Rates Decrease to Lowest Level Since May of 2023

Primary Mortgage Market Survey®U.S. weekly average mortgage rates as of 01/18/2024MCLEAN, Va., Jan. 18, 2024 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.60 percent. “Mortgage rates decreased this week, reaching their lowest level since May of 2023,” said Sam Khater, Freddie Mac’s Chief Economist. “This is an encouraging development for the housing market and in particular first-time homebuyers who are sensitive to changes in housing affordability. However, as purchase demand continues to thaw, it will put more pressure on already depleted inventory for sale.” News FactsThe 30-year FRM averaged 6.60 percent as of January 18, 2024, down from last week when it averaged 6.66 percent. A year...

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Optinose Announces the Publication of ReOpen Phase 3 Clinical Trial Program Evaluating XHANCE in the Journal of Allergy and Clinical Immunology: In Practice

XHANCE significantly reduced both symptoms and sinus opacification in participants with chronic sinusitis (chronic rhinosinusitis) in two randomized controlled Phase 3 Clinical Trials (ReOpen1 and ReOpen2) FDA Supplemental New Drug Application Filed with Prescription Drug User Fee Act Target Goal Date of March 16, 2024 YARDLEY, Pa., Jan. 18, 2024 (GLOBE NEWSWIRE) —  Optinose (NASDAQ:OPTN), a pharmaceutical company focused on patients treated by ear, nose and throat (ENT) and allergy specialists, today announced peer-reviewed publication of results from both ReOpen1 and ReOpen2 in the Journal of Allergy and Clinical Immunology: In Practice1. The ReOpen program evaluated XHANCE for treatment of adults with chronic sinusitis (chronic rhinosinusitis). A drug-device combination product, XHANCE® (fluticasone propionate) nasal spray uniquely...

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Isobutane Market Size Worth USD 32.60 Billion in 2032 | Emergen Research

Increasing utilization as a propellant in aerosol products and supportive government laws and regulations promoting eco-friendly alternatives with minimum carbon footprint are key factors driving isobutane market revenue growth. Vancouver, Jan. 18, 2024 (GLOBE NEWSWIRE) — The global isobutane market size was USD 18.12 billion in 2022 and is expected to register a rapid revenue CAGR of 6.1% during the forecast period. Increasing utilization as a propellant in aerosol products and supportive government laws and regulations promoting eco-friendly alternatives with minimum carbon footprint are key factors driving market revenue growth. Isobutane is widely used in the automotive sector. For optimal engine performance, the inclusion of isobutane is crucial in high-octane gasoline. When combined with additional gasoline elements, the...

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CFC To Host Conference Call on Fiscal Year 2024 Second-Quarter Financial Results

DULLES, Va., Jan. 18, 2024 (GLOBE NEWSWIRE) — The National Rural Utilities Cooperative Finance Corporation (CFC) will hold an investor conference call and webcast on Tuesday, January 23, at 3 p.m. Eastern Time. CFC CEO Andrew Don will provide a business update and CFC Senior Vice President and CFO Ling Wang will review CFC’s fiscal year 2024 second-quarter financial results. There are two ways to access the event:Live Webcast Option Visit CFC’s investor Webcasts & Presentations page to join the webcast. Pre-registration is available for the event.Conference Call Option Domestic: 800-289-0438 | International: 323-794-2423 Participant Code: 4849093 Callers also can view a PDF of the slide presentation by visiting the Webcasts & Presentations page on the day of the call. It will be posted just prior to the broadcast.A...

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Oriented Strand Board Market Size Worth USD 46.40 Billion in 2032 | Emergen Research

Increase in adoption of eco-friendly and sustainable products and increase in construction of green buildings are some of the major factors driving the global oriented strand board market revenue growth Vancouver, Jan. 18, 2024 (GLOBE NEWSWIRE) — The global Oriented Strand Board (OSB) market size was USD 27.69 billion in 2022 and is expected to register a revenue CAGR of 5.3% during the forecast period. Increase in adoption of eco-friendly and sustainable products and increase in construction of green buildings are some of the major factors driving the global oriented strand board market revenue growth. Demand for eco-friendly and sustainable products in developed countries such as the U.S., France, and Germany boost oriented strand board market revenue growth. Green building materials are expected to have a positive effect on...

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Jean-Claude Lumaret, former CEO of Carbios, joins the Board of Directors of Global Bioenergies

PRESS RELEASE Jean-Claude Lumaret, former CEO of Carbios, joins the Board of Directors of Global Bioenergies Evry, 18 January 2024 – 05:45 p.m.: Global Bioenergies (FR0011052257 – ALGBE), a player in industrial biotechnology, announces the co-option of Jean-Claude Lumaret, former Chief Executive Officer of Carbios, as an independent director. He replaces Alain Fanet, who resigned today to pursue other professional interests. Jean-Claude Lumaret, co-founder and CEO of Carbios for almost 10 years, has led the development and launched the industrialisation of breakthrough technologies that are definitely environmental, aimed at reinventing the life cycle of plastics and textiles. Jean-Claude Lumaret said: “The project led by Global Bioenergies has many similarities with that of Carbios: an innovative biological process offering a new...

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ARGAN’s annual results 2023: Excellent financial performance driving ambitious targets for 2024

         Annual Results – Neuilly sur Seine, Thursday, January 18, 2024 – 5.45 pm Annual results 2023:Excellent financial performance driving ambitious targets for 2024  Strong increase in main financial indicatorsRental income: +11% to €184 million (initial target: €182 million1) Recurring net income – group share: +5% to €126 million (initial target: €124 million1) Dividend: €3.152 in respect of 2023 (+5% vs. 2022) Consolidated Group share net income: -€263.5 million, including a portfolio fair value impact of -€373.2 millionMaintained solid balance sheetLTV at 49.7% (under the initial assessment of an exceeded 50% threshold): set to clearly decrease starting 2024 and much lower than our bond covenant Cost of debt remaining under tight control at 2.3%Strengthened leadership over the French logistics real estate market...

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