On Thursday, TransCanada Corporation (USA) (NYSE:TRP)’s shares declined -2.38% to $41.40.
TransCanada Corporation (USA) (TRP) officially released its 2014 Corporate Social Responsibility (CSR) Report (csrreport.transcanada.com) recently. The 2014 CSR Report was released during Canadian Environment Week as a testament to the company’s focus on CSR and commitment to operating safely and in an economically, socially and environmentally sustainable manner.
In 2014, TransCanada continued to deliver energy to North Americans, safely and responsibly. This comprises 20 per cent of the natural gas consumed across the continent, 20 per cent of Canada’s crude oil exports to U.S. markets and enough energy to power 11 million homes, with over 30 per cent generated from emission-less sources.
TransCanada Corporation operates as an energy infrastructure company in North America. The company operates in three segments: Natural Gas Pipelines, Liquids Pipelines, and Energy. The Natural Gas Pipelines segment owns and operates natural gas pipelines and regulated natural gas storage facilities.
Paragon Offshore PLC (NYSE:PGN)’s shares gained 7.93% to $1.77.
Paragon Offshore PLC (PGN) declared that certain wholly owned auxiliaries of the company, which were part of the company’s acquisition of Prospector Offshore Drilling S.A. (“Prospector”), have reached a combined $300 million sale-leaseback financing facility with auxiliaries of SinoEnergy, a private investment firm registered in the British Virgin Islands. Net of fees and expenses, Prospector anticipates to receive net proceeds of about $292 million.
Under the terms of the agreement, Prospector will sell two heavy-duty, harsh-environment jackup units, Prospector 1 and Prospector 5, to auxiliaries of SinoEnergy and right away enter into a bareboat rental charter for the assets for a period of five years. The bareboat charter fee for Prospector 1, which is under firm contract until mid-September 2016, is $71,000 per day through November 2016, after which it will be $42,000 per day for the remainder of the charter. The bareboat charter fee for Prospector 5, which is under firm contract until mid-November 2017, is $71,000 per day through February 2018, after which it will also be reduced to $42,000 per day. The combined implied cost of borrowing is about 7.5%, counting fees and expenses. The lease financing is non-recourse to Paragon.
Paragon Offshore plc, together with its auxiliaries, provides offshore drilling rigs. The company is involved in contracting its rigs, related equipment, and work crews to conduct oil and gas drilling and workover operations for its exploration and production customers on a day rate basis. Its drilling fleet comprises of 34 jackups and 6 floaters, counting 4 drillships and 2 semisubmersibles.
At the end of Thursday’s trade, Rackspace Hosting, Inc. (NYSE:RAX)‘s shares dipped -0.84% to $39.90.
Rackspace Hosting, Inc. (RAX) declared it has won the 2015 Microsoft Hosting Partner of the Year Award. The company was honored among a global field of top Microsoft partners for demonstrating excellence in innovation and implementation of customer solutions based on Microsoft technology.
Awards were presented in several categories, with winners chosen from a set of more than 2,300 entrants from 108 different countries worldwide. Rackspace was recognized for providing outstanding solutions and services in Hosting Partner of the Year category. The Hosting Partner of the Year Award recognizes a partner that demonstrates solution innovation and exemplary commitment to engaging with Microsoft.
The Microsoft Partner of the Year Awards recognizes Microsoft partners that have developed and delivered exceptional Microsoft-based solutions during the past year.
Rackspace Hosting, Inc., through its auxiliaries, provides cloud computing services and managing Web-based IT systems for small and medium-sized businesses and large enterprises worldwide. The company’s service offering combines hosting on dedicated hardware and on multi-tenant pools of virtualized hardware in a way that suits each customer’s requirements. Its public cloud services refer to pooled computing resources delivered on-demand over the Internet.
Lockheed Martin Corporation (NYSE:LMT), ended its Thursday’s trading session with -0.92% loss, and closed at $190.12.
Lockheed Martin Corporation (LMT) has accomplished assembly of NOAA’s GOES-R weather satellite and is now startning critical testing of the spacecraft. The first of four next-generation geostationary weather satellites, GOES-R will provide a major improvement in quality, quantity and timeliness of weather data collected over the current Geostationary Operation Environmental Satellite (GOES) system that monitors weather over North America.
The GOES-R satellite is now undergoing environmental testing to simulate the conditions of launch and the extreme environment the satellite will experience in space.
The first stop for the satellite and its six instruments is a 65-foot-tall thermal vacuum chamber at Lockheed Martin’s facility near Denver. Over the next two months, the satellite will be powered-on, tested in a vacuum and exposed to extreme cold and heat. The satellite will also undergo a variety of additional tests counting reverberant acoustic, separation and deployment shock, vibration, and electromagnetic interference and compatibility testing.
Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It also provides administration, engineering, technical, scientific, logistics, and information services. Its Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies.
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