On Friday, Shares of Anadarko Petroleum Corporation (NYSE:APC), lost -2.27% to $56.82.
Anadarko Petroleum Corporation, declared that, together with the concessionaires of Offshore Area 1 (operated by Anadarko Mozambique Area 1 Ltd. (AMA1)) and Offshore Area 4 (operated by Eni East Africa (EEA)), it has signed a Unitization and Unit Operating Agreement (UUOA) for the development of the massive natural gas resources that straddle the two blocks.
“We appreciate the cooperation of the Government of Mozambique, Eni and our co-venturers in Offshore Area 1 for their collaborative efforts in achieving this UUOA, which is fair, equitable and compriseent with best industry practices,” said Mitch Ingram, Anadarko Executive Vice President, Global LNG. “We have already made tremendous progress advancing the natural gas resources in the Golfinho and Atum fields that are fully contained within our block, and with this UUOA, we can also expect to move the Prosperidade and Mamba straddling reservoirs forward more efficiently, while capitalizing on greater economies of scale.”
Under the terms of the UUOA and formerly declared Decree Law, the Prosperidade and Mamba straddling natural gas reservoirs, which comprise the Unit, will be developed in a separate but coordinated manner by the two operators until 24 trillion cubic feet (Tcf) of natural gas reserves (12 Tcf from each Area) have been developed. All subsequent development of the Unit will be pursued jointly by the Area 1 and Area 4 concessionaires through a joint-venture operator (50:50 Anadarko and Eni). The UUOA is subject to final approval by the Government of Mozambique.
Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Oil and Gas Exploration and Production; Midstream; and Marketing.
Shares of Lattice Semiconductor (NASDAQ:LSCC), inclined 1.16% to $6.09, during its last trading session.
Lattice Semiconductor Corporation, declared a development platform for use in designing low-power wearable devices for consumers. Based on the iCE40 Ultra™ FPGA, the platform features a large number of sensors and peripherals, making it a compelling platform for the design of a wide array of wearable devices.
The iCE40 Ultra FPGA uses a package that is 60 percent smaller than alternative microcontrollers. The iCE40 Ultra FPGA also supports a low power standby mode for always-on functionality, making it an ideal choice for consumer wear ables that need to operate for days between charges.
Hardware features and sensors supported by the iCE40 Ultra Wearable Development Platform comprise a 1.54-inch display, MEMS microphone, high-brightness LED, IR LED, BLE module and 32MB of flash memory. The platform also supports sensors capable of measuring heart rate/SpO2, skin temperature, and pressure in addition to an accelerometer and gyroscope. The platform comes in a wrist watch form factor (1.5-inches wide x 1.57-inches long x 0.87-inches high) with a wrist strap and a built in battery.
Lattice Semiconductor Corporation designs, develops, and markets programmable logic products and related software in Asia, Europe, and the Americas. It offers products based on field programmable gate arrays (FPGAs) and complex programmable logic devices (CPLDs) architectures.
Finally, Shares of Kellogg Company (NYSE:K), ended its last trade with 2.41% gain, and closed at $70.18.
Kellogg is more than a business. We care about nourishing people with our foods, feeding those in need, nurturing our planet, and living our founder’s values.
People care about their food, where it comes from, the people who grow and make it, and that there’s enough for everyone. Kellogg is living its values and communicating with transparency to earn a seat at millions of tables every day.
Science shows that climate change will reduce food productivity and food security at the same time our world’s population is growing, putting pressure on the need to feed more people with fewer natural resources. Kellogg is working on multiple fronts to address the risks climate change poses — to us and the world’s food supply.
Kellogg Company, together with its auxiliaries, manufactures and markets ready-to-eat cereal and convenience foods. The company operates through U.S. Morning Foods, U.S. Snacks, U.S. Specialty, North America Other, Europe, Latin America, and Asia Pacific segments.