New Limerick festival announces first headline act

first_imgLinkedin Facebook Advertisement MODESELEKTORBerlin electronic pioneers MODESELEKTOR come to Limerick on Saturday March 7 for a special live show as part of the inaugural Limerick Electronic Arts Festival happening in March 2020.MODESELEKTOR are a huge force in dance music since forming in the early 1990’s. The duo, Gernot Bronsert and Sebastian Szary collaborated with Thom Yorke on the albums Happy Birthday! and Monkeytown. Their collaborative side-project with Sascha Ring recorded and toured as Moderat until going on hiatus in 2017.Sign up for the weekly Limerick Post newsletter Sign Up 2019 saw MODESELEKTOR release ‘Who Else’ on their label Monkeytown Records mixing their iconic warping techno sound with experimental hip hop, grime and crushing beats to wide acclaim. After several years of global touring with Moderat, the original Modeselektor is once again front and centre for this tour. MODESELEKTOR are in high demand across the world,  from Dekmantel in Brazil to Dour in Belgium and headlined Body & Soul 2019. The duo bring their new show to Limerick on March 7. The headline show will be hosted at a pop-up warehouse space on the banks of the River Shannon.LEAF (Limerick Electronic Arts Festival) happens across the city with symposiums, music trails, workshops, Fringe events exploring the intersection of technology and artistic expression.Festival organisers, mid-west based production company CWB, stated that this was the first of some big announcements in the run up to LEAF 2020.“Our statement of intent starts here, with the announcement of our Saturday night headliners  – the iconic Berlin duo, MODESELEKTOR – Live” – LEAF Director – Joe ClarkeLEAF 2020 takes place from March 5 – 8, 2020. MODESELEKTOR headline on Saturday 7. Tickets on sale this Friday December 13 from Ticketmaster – €35 plus booking fee. NewsBreaking newsLifestyleEntertainmentMusicNew Limerick festival announces first headline actBy Eric Fitzgerald – December 10, 2019 2163 WhatsAppcenter_img Twitter Print Email Previous articleUniversity of Limerick students go nearly naked for charityNext articlePublic health risk from raw sewage flowing into River Shannon Eric Fitzgeraldhttp://www.limerickpost.ieEric writes for the Entertainment Pages of Limerick Post Newspaper and edits the music blog www.musiclimerick.com where you can watch and listen to music happening in the city and beyond.last_img read more

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U.S. shale pioneer Chesapeake Energy files for bankruptcy

first_img FacebookTwitterLinkedInEmailPrint分享CNBC:Chesapeake Energy, the poster child of the U.S. shale revolution, filed for bankruptcy protection on Sunday. The move comes as the company and industry more broadly has been rocked by a drop in oil and gas prices amid the coronavirus pandemic.Chesapeake said that $7 billion in debt will be wiped out through the restructuring. The company has secured $925 million in debtor-in-possession financing in order to continue operations during the bankruptcy process. In addition, Chesapeake has secured an agreement in principle from certain existing lenders for $2.5 billion in debt financing on emergence from bankruptcy, as well as a backstop commitment for $600 million in new equity.Franklin Resources and Fidelity are among the biggest creditors, according to people close to the company, and they will be among the primary equity holders following the company’s restructuring. The company will continue operations at a much reduced capacity, with a handful of gas rigs and no oil rigs, according to those familiar with the company’s plans.“We are fundamentally resetting Chesapeake’s capital structure and business to address our legacy financial weaknesses and capitalize on our substantial operational strengths,” CEO Doug Lawler said in a statement.Chesapeake Energy was founded in 1989 by Aubrey McClendon. An early pioneer of horizontal drilling, he built the company into a key player in the U.S. gas industry. At its peak, Chesapeake had 175 operating rigs, with operations across the U.S. including in Texas, Louisiana, Pennsylvania and Ohio. But the company took on a lot of debt to fuel its rapid expansion, and from 2010 to 2012 spent $30 billion more in drilling and leasing than it made from its operations.Chesapeake’s downturn is not unique. Whiting Petroleum is among the other once great drillers that couldn’t survive a historic plunge in oil prices. The company filed for bankruptcy protection on April 1.[Pippa Stevens and Brian Sullivan]More: Chesapeake Energy, a pioneer in the U.S. shale revolution, files for bankruptcy protection U.S. shale pioneer Chesapeake Energy files for bankruptcylast_img read more

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Harbour comes in with firm bid for Santos shares

first_imgAfter days of media speculation about potential agreements between Harbour Energy and ENN to put in a joint bid for Santos takeover, the Australian LNG player said Harbour put in a revised proposal. Under the new binding, conditional proposal, Harbor is looking to acquire 100 percent of Santos shares by the way of a scheme of arrangement for a consideration equivalent to US$4.98 per share, totaling US$10.4 billion.The revised Harbour proposal involves no change in price and a number of significant changes to the transaction structure previously announced.Changes include a US dollar offer of cash for shareholders other than ENN and Hony, with no fixed Australian dollar component. In addition, changes include an offer to ENN and Hony to roll-over their existing Santos shares into a Harbour investment vehicle and subscribe for new shares, an option not available to other Santos shareholders.The revised Harbour proposal is subject to conditions, including completion of final confirmatory due diligence and entry into a scheme implementation deed between Santos and Harbour, which requires the transaction to be recommended by the independent directors of the Santos board and includes, among other things, FIRB and shareholder approval conditions.Santos noted in its statement that there is no certainty that the revised Harbour proposal will result in an offer for Santos that is capable of being considered by shareholders. Santos shareholders are advised to take no action in relation to the proposal at this time.last_img read more

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