DUBLIN--(BUSINESS WIRE)--The "Global LNG Market - Forecasts from 2021 to 2026" report has been added to ResearchAndMarkets.com's offering.

The global LNG market is evaluated at 379.503 million tonnes for the year 2020, growing at a CAGR of 8.91% reaching the market size of 633.317 million tonnes by the year 2026.

One of the key advantages which has been driving the market for LNG over the years is its ability to emit lower amounts of CO2 which is about 30% to 50% lesser than emitted by other combustible fuels.

Furthermore, natural gas is one of the lightest hydrocarbons, consisting of one carbon atom for 4 hydrogen atoms, the combustion of which does not generate soot, dust, or fumes with a significant level of reduction in the nitrogen oxide (N0x) emissions and very low sulphur dioxide (SO2) emissions which has further led to an increase in the demand of LNG across several countries.

The market for LNG is expected to be also driven by a significant number of governmental relaxations and investments which has led to developments taking place in the transport infrastructure of the gas as well. The rise in the awareness about the benefits of LNG has been a catalyst to the market.

A key factor driving the market for LNG is the rise in the demand for the gas for various industrial applications including construction & dairy products, furnaces, fluid bed dryers, food processing, manufacturing, mining, power generation sector and others.

Furthermore, the dynamism in the prices of oil has pushed the demand for LNG in several countries due to which a significant amount of investments are being made for the production of LNG to cope up with its demand and also to develop the transport infrastructure.

The growing industrialization and urbanization has led to the inclination of more efficient and cleaner fuels for the applications

The advent of COVID-19 had a slightly adverse impact on the global LNG market since the pandemic brought industrial activities to a standstill globally, which restricted the demand of LNG worldwide. According to a report by the International Energy Agency (IEA), the demand for LNG dropped about 4% during the year 2020. Given the amount of developments being made in the sector, the supply over took the demand of the gas during the pandemic. Though the impact of the pandemic has effected the medium term growth potential of the gas which resulted in about 75 bcm of lost growth during the period of 2019-2025.

According to the report, an average growth rate in the demand of liquefied natural gas is expected to be 1.5% per year during the period 2019 to 2025. After the initial lockdown period, the industries came back in operation but with restrictions and certain protocols that were required to be followed like the plant will be operated with lesser capacity which will require less labour to come in contact and social distancing was required to be maintained as well. The marker for LNG is expected to recover with industries recovering from the impact which will result in an increase in the demand of the gas for various industrial purposes.

The segmentation of the global LNG market has been done into application and geography. By application, the classification of the market has been done into Power generation, Fertilizer, Petrochemicals, Utilities, Manufacturing, Transportation fuel. Furthermore, on the basis of geography, the global market has been distributed as North America, South America, Europe, Middle East and Africa, and the Asia Pacific.

Increasing number of investments in the sector is expected to drive the market during the forecast period

The growth of the LNG market is fuelled by a significant increase in the number of investments in the sector by various organizations, which has led to substantial growth of the production as well as transport infrastructure of the gas due to which the prices of the gas has become cheaper.

Given the dynamism in the prices of oil across the world, there has been a significant shift towards the use of LNG for various purposes like transportation fuel or for power generation purposes. For instance, the Asian LNG market has been significantly driven by the developments and the ongoing investments in the sector in countries like China and India. According to a conference held in New Delhi, India in the year 2020, the country is expected to witness an investment of INR 10,000 Cr in the next three years in the LNG sector. The gas has higher energy density than CNG which is currently one of the most preferred fuel in the country.

According to the report on the conference, the investment includes opening up of more than 1,000 LNG stations in the private as well as the public sector. The market for LNG will also be driven by a significant amount of investments done in the sector by the Canadian government. A major liquefied natural gas (LNG) complex is under development in the Kitimat, British Columbia.

According to a report by the Ministry of Innovation, Science and Economic Development, the plant is expected to receive an investment of about US$ 275 Million from the ministry. The complex is worth US$ 40 Billion making it one of the biggest complex present in the country.

According to the report, the investment made is one of the highest private sector investment in the history. The investment includes US$ 220 Million for the development of the infrastructure used for the gas in order to make highly efficient gas turbines for LNG in Canada which is further expected to minimise the emissions of greenhouse gases. The other US$ 55 Million of the investments is made in order to replace the Haisla Bridge in the District of Kitimat to support and manage the increased level of traffic in the region.

Dynamic oil prices across several countries will be a tailwind to the market in the coming years

The market is expected to witness a significant increase during the forecast period owing to the increasing dynamism in the oil prices which has led to an increasing demand for LNG in several countries. The countries which already have a presence of the LNG stations are working on developing a more innovative, safe and cost efficient way for the transportation of the gas across different areas.

Moreover, the market is significantly driven by the increasing demand from the countries where the source has been recently introduced like India, wherein a substantial amount of investments are being made to develop the transport and production infrastructure from scratch.

The COVID-19 pandemic has adversely impacted the oil industry with a noticeable dynamism in the prices of oil. Several countries went into price wars with a drastic variation in the demand and production of oil worldwide which consequently increased the oil prices significantly. With the given dynamism of the oil prices in the current scenario, the demand for a cheaper alternative like LNG is expected to witness a rapid rise during the forecast period.

Competitive Insights

The players in the global LNG market are implementing various growth strategies to gain a competitive advantage over their competitors in this market. Major market players in the market have been covered along with their relative competitive strategies and the report also mentions recent deals and investments of different market players over the last few years.

The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered along with the recent deals and investments of these important players in the market.

Key Topics Covered

1. Introduction

1.1. Market Definition

1.2. Market Segmentation

2. Research Methodology

2.1. Research Data

2.2. Assumptions

3. Executive Summary

3.1. Research Highlights

4. Market Dynamics

4.1. Market Drivers

4.2. Market Restraints

4.3. Porters Five Forces Analysis

4.4. Industry Value Chain Analysis

5. LNG market Analysis, by Application

5.1. Introduction

5.2. Power generation

5.3. Fertilizer

5.4. Petrochemicals

5.5. Utilities

5.6. Manufacturing

5.7. Transportation fuel

6. LNG market Analysis, by Geography

6.1. Introduction

6.2. North America

6.3. South America

6.4. Europe

6.5. Middle East and Africa

6.6. Asia-Pacific

7. Competitive Environment and Analysis

7.1. Major Players and Strategy Analysis

7.2. Emerging Players and Market Lucrativeness

7.3. Mergers, Acquisitions, Agreements, and Collaborations

7.4. Vendor Competitiveness Matrix

8. Company Profiles

8.1. British Petroleum PLC

8.2. Chevron Corporation

8.3. Exxon Mobil Corporation

8.4. Royal Dutch Shell PLC

8.5. Petronet LNG Limited

8.6. China National Petroleum Corporation

8.7. Petroliam Nasional Berhad (PETRONAS)

8.8. ConocoPhillips Company

8.9. Shell Oil Company

8.10. PetroChina Company Limited

For more information about this report visit https://www.researchandmarkets.com/r/rx6iy2

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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BOWLING GREEN, Ohio--(BUSINESS WIRE)--#cleanagents--A-Gas is pleased to announce the acquisition of assets from H3R Clean Agents in Petaluma, California. These assets will further our product availability and service capabilities to the fire protection industry in the western United States. H3R Clean Agents has built a reputation for their knowledge and top-quality products and services and will be a great addition to the comprehensive suite of services A-Gas currently provides.

Bill Polits, Vice President of H3R, will be joining the A-Gas team as our Director of Sales and Strategy. Bill is a trusted leader in the fire protection industry with more than 13 years of experience. Currently, he serves as Chairman on the ASTM D26 Committee for Halogenated Organic Solvents and Fire Extinguishing Agents and is a mainstay at industry meetings and events. Bill will continue to be based in California and this acquisition will provide a platform for future A-Gas operations within the state.

“A-Gas is a global leader in supplying innovative and sustainable environmental solutions to our customers in a variety of markets,” said Tyler Roberts, Vice President of Fire Protection at A-Gas. “This is a great opportunity for us to expand our industry knowledge and customer base. We are excited to work alongside Bill Polits as his experience will strengthen our commitment to U.S. growth and bringing these valuable products and services to our customers across the nation. The focus and passion of this winning combination in delivering services aimed at protecting our environment is unmatched in our industry.”

Robin Critelli, President of H3R commented, “We are very pleased to have completed this transition of our clean agent business to A-Gas. While providing our customers with A-Gas’s unmatched capabilities and service levels to the clean agent industry, this change enables H3R to sharpen its focus on building the ongoing H3R operations. This is a win-win for all concerned.”

About A-Gas:

A-Gas (U.S.), headquartered in Bowling Green, Ohio, is a trading subsidiary of A-Gas International (headquartered in Bristol, UK) and is the World’s largest refrigerant recovery and reclamation company. The company’s core business offers environmental solutions and lifecycle management services for ozone depleting substances and global warming agents including CFCs, HCFCs, HFCs and Halons in the HVAC/Refrigeration and Fire Suppression Industries. For more information about A-Gas, please visit www.agas.com/us

Jaclyn Schilkey
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419-704-4737

New grant program distributes 99 grants helping K-12 schools in Casey’s communities

ANKENY, Iowa--(BUSINESS WIRE)--Today, Casey’s General Stores announced its Cash for Classrooms grant program is awarding $1 million to benefit K-12 schools through 99 grants. The funds come as teachers, students and families have faced a full year of challenges and changed routines brought on by the coronavirus pandemic.

“We are grateful to be able to distribute these funds to schools in need through our new, Cash for Classrooms grant program. Together, with our guests and partners like LIFEWTR, we are proud to be able to make a big impact on students and teachers in our communities,” said Megan Elfers, Vice President of Marketing at Casey’s.

The Cash for Classrooms grants support projects and initiatives taking place at K-12 schools in Casey’s communities across the heart of America. A few examples include:

Physical Improvements: New playground equipment and expanded playground areas to encourage play and enrichment at Parkview Elementary in Van Buren, Ark., and Our Lady of Guadalupe Elementary in Dubuque, Iowa. An outdoor classroom for students at Black Hawk Elementary in Kahoka, Mo.

Material Needs: Updated technology like projectors and document cameras to improve learning for both in-person and remote students at Nebraska City Public Schools in Nebraska City, Neb.

Teacher Support: New computers for teachers at Crab Orchard CUSD #3 schools in Marion, Ill., to increase effectiveness in the online learning environment.

Community Engagement: Adding reusable bags to Wapello Elementary School’s food pantry to provide more sustainable, long-term solution for families using the pantry in Wapello, Iowa. Enhancing an outdoor learning and community space for James Knoll Elementary School and the community of Ortonville, Minn.

The Cash for Classrooms grants were made possible by donations from Casey’s guests during its January round up campaign, a meal deal partnership between Casey’s and LIFEWTR, a PepsiCo brand.

“As we mark one year of the COVID-19 pandemic in the U.S., we recognize there are still many challenges ahead, and certainly in our local classrooms,” said Guillermo Prieto, Director of Shopper Marketing, PepsiCo Beverages North America, Central Division. “We’re proud to partner with Casey’s to support the educators who both academically and creatively inspire our students in the Heartland community through the Cash for Classrooms program.”

More information can be found at: https://www.caseys.com/community/cash-for-classrooms-grants.

About Casey’s General Stores

Casey's General Stores is a Fortune 500 company (NASDAQ: CASY) operating over 2,200 convenience stores in 16 states. Founded more than 50 years ago, the company has grown to become the fourth-largest convenience store retailer and the fifth-largest pizza chain in the United States. Casey’s provides freshly prepared foods, quality fuel and friendly service at every location. Guests can enjoy pizza, donuts, other assorted bakery items, and a wide selection of beverages and snacks. Learn more and order online at www.caseys.com, or in the mobile app.

About PepsiCo

PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $70 billion in net revenue in 2020, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker, Tropicana and SodaStream. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including 23 brands that generate more than $1 billion each in estimated annual retail sales.

Guiding PepsiCo is our vision to Be the Global Leader in Convenient Foods and Beverages by Winning with Purpose. "Winning with Purpose" reflects our ambition to win sustainably in the marketplace and embed purpose into all aspects of our business strategy and brands. For more information, visit www.pepsico.com.

Media contact:
Katie Petru
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515.480.8503

ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (NYSE: DAC), one of the world’s largest independent owners of containerships, announced today that its Annual Report on Form 20-F for the year ended December 31, 2020 has been filed with the Securities and Exchange Commission and can be accessed on the Company's website, www.danaos.com.

Alternatively, shareholders may also request a hard copy of the complete audited financial statements, free of charge, by contacting the Company using the contact details provided at the end of this press release.

About Danaos Corporation

Danaos Corporation is one of the largest independent owners of modern, large-size containerships. Our current fleet of 65 containerships aggregating 403,793 TEUs, including five vessels owned by Gemini Shipholdings Corporation, a joint venture, ranks Danaos among the largest containership charter owners in the world based on total TEU capacity. Our fleet is chartered to many of the world's largest liner companies on fixed-rate charters. Our long track record of success is predicated on our efficient and rigorous operational standards and environmental controls. Danaos Corporation's shares trade on the New York Stock Exchange under the symbol "DAC".

Visit our website at www.danaos.com.

Company:

Evangelos Chatzis
Chief Financial Officer
Danaos Corporation
Athens, Greece
Tel: +30 210 419 6480
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Iraklis Prokopakis
Senior Vice President & Chief Operating Officer
Danaos Corporation
Athens, Greece
Tel. +30 210 419 6400
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Investor Relations and Financial Media:

Rose & Company
New York
Tel. 212-359-2228
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DUBLIN--(BUSINESS WIRE)--The "North American Oil & Gas Monitor" newsletter has been added to ResearchAndMarkets.com's offering.

This publication continues to provide weekly coverage of upstream, midstream and downstream news, spanning shale oil and gas, LNG, oil sands, transport by pipeline and rail, company performance and regional energy policy - on both national and state or provincial levels.

It provides regular updates on the status of major proposed projects in both the US and Canada. The publication also looks at more distant prospects, such as offshore Arctic drilling.

Sample Table of Contents

• Commentary
• Energy East: Chronicle of a Death Foretold
• Pipelines & Transport Ferc Greenlights Construction on Nexus Gas Line
• Targa Sets Out Permian Pipeline Plan
• Investment Progress Eyes Deep Basin Sale
• RIL Begins Withdrawal from US Shale
• Apache Plans 2018-19 Alpine High Sale
• BNP Cuts Shale, Oil Sands Financing
• Performance OPEC's Call on Us Output
• Rigs Under Pressure
• Gulf Industry Recovers from Hurricane Nate
• Projects & Companies Encana's Early Sunrise
• News in Brief

Countries Covered

• Canada
• USA
• Mexico

For more information about this newsletter visit https://www.researchandmarkets.com/r/pao6g5

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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• Simplifies governance and corporate structure
• Enables further integration in support of leading DJ & Permian positions
• Transaction expected to close in 2Q 2021

SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) (“Chevron”) and Noble Midstream Partners, LP (NASDAQ: NBLX) (“Noble Midstream”) announced today that they have entered into a definitive agreement for Chevron to acquire all (33.925 million) of the publicly held common units representing the limited partner interests in Noble Midstream, not already owned by Chevron and its affiliates (the “Common Units”), in an all-stock transaction whereby each outstanding unitholder of Noble Midstream would receive 0.1393 of a share of common stock of Chevron in exchange for each Common Unit owned.

“We believe this buy-in transaction is the best solution for all stakeholders, enabling us to simplify the governance structure and capture value in support of our leading positions in the DJ and Permian basins,” said Colin Parfitt, Vice President of Chevron Midstream and Chairman of the Board of Directors (the “Board”) of the general partner of Noble Midstream Partners LP.

The Conflicts Committee of the Board, comprised entirely of independent directors, after consultation with its independent legal and financial advisors, unanimously approved the merger. Subsequently, the merger was approved by the Board.

The transaction is expected to close in the second quarter of 2021, subject to customary approvals. A subsidiary of Chevron, as the holder of a majority of the outstanding Common Units, has voted its units to approve the transaction.

Advisors

Citi is acting as financial advisor and Latham & Watkins LLP is acting as legal advisor to Chevron. Janney Montgomery Scott is acting as financial advisor and Baker Botts L.L.P. is acting as legal advisor to the Conflicts Committee of the Board.

About Chevron

Chevron Corporation is one of the world’s leading integrated energy companies. Through its subsidiaries that conduct business worldwide, the company is involved in virtually every facet of the energy industry. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemicals and additives; generates power; and develops and deploys technologies that enhance business value in every aspect of the company’s operations. Chevron is based in San Ramon, California. More information about Chevron is available at www.chevron.com.

About Noble Midstream

Noble Midstream is a master limited partnership originally formed by Noble Energy, Inc. and majority-owned by Chevron Corporation to own, operate, develop and acquire domestic midstream infrastructure assets. Noble Midstream currently provides crude oil, natural gas, and water-related midstream services and owns equity interests in oil pipelines in the DJ Basin in Colorado and the Delaware Basin in Texas. Noble Midstream strives to be the midstream provider and partner of choice for its safe operations, reliability, and strong relationships while enhancing value for all stakeholders. For more information, please visit www.nblmidstream.com.

As used in this news release, the term “Chevron” and such terms as “the company,” “the corporation,” “our,” “we,” “us” and “its” may refer to Chevron Corporation, one or more of its consolidated subsidiaries, or to all of them taken as a whole. All of these terms are used for convenience only and are not intended as a precise description of any of the separate companies, each of which manages its own affairs.

Please visit Chevron’s website and Investor Relations page at www.chevron.com and www.chevron.com/investors, LinkedIn: www.linkedin.com/company/chevron, Twitter: @Chevron, Facebook: www.facebook.com/chevron, and Instagram: www.instagram.com/chevron, where Chevron often discloses important information about the company, its business, and its results of operations.

CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This news release contains forward-looking statements relating to Chevron’s and Noble Midstream’s operations that are based on their respective management's current expectations, estimates and projections about the petroleum, chemicals and other energy-related industries. Words or phrases such as “anticipates,” “expects,” “intends,” “plans,” “targets,” “forecasts,” “projects,” “believes,” “seeks,” “schedules,” “estimates,” “positions,” “pursues,” “may,” “could,” “should,” “will,” “budgets,” “outlook,” “trends,” “guidance,” “focus,” “on schedule,” “on track,” “is slated,” “goals,” “objectives,” “strategies,” “opportunities,” “poised,” “potential” and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are beyond the company’s control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Unless legally required, neither Chevron nor Noble Midstream undertake any obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: statements regarding the expected benefits of the proposed transaction to Chevron and its shareholders and Noble Midstream and its unitholders; the anticipated consummation of the proposed transaction and the timing thereof; changing crude oil and natural gas prices and demand for our products, and production curtailments due to market conditions; crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries and other producing countries; public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics, and any related government policies and actions; changing economic, regulatory and political environments in the various countries in which the company operates; general domestic and international economic and political conditions; changing refining, marketing and chemicals margins; the company’s ability to realize anticipated cost savings, expenditure reductions and efficiencies associated with enterprise transformation initiatives; actions of competitors or regulators; timing of exploration expenses; timing of crude oil liftings; the competitiveness of alternate-energy sources or product substitutes; technological developments; the results of operations and financial condition of the company’s suppliers, vendors, partners and equity affiliates, particularly during extended periods of low prices for crude oil and natural gas during the COVID-19 pandemic; the inability or failure of the company’s joint-venture partners to fund their share of operations and development activities; the potential failure to achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or start-up of planned projects; the potential disruption or interruption of the company’s operations due to war, accidents, political events, civil unrest, severe weather, cyber threats, terrorist acts, or other natural or human causes beyond the company’s control; the potential liability for remedial actions or assessments under existing or future environmental regulations and litigation; significant operational, investment or product changes required by existing or future environmental statutes and regulations, including international agreements and national or regional legislation and regulatory measures to limit or reduce greenhouse gas emissions; the potential liability resulting from pending or future litigation; the company's ability to achieve the anticipated benefits from the acquisition of Noble Energy; the company’s future acquisitions or dispositions of assets or shares or the delay or failure of such transactions to close based on required closing conditions; the potential for gains and losses from asset dispositions or impairments; government mandated sales, divestitures, recapitalizations, industry-specific taxes, tariffs, sanctions, changes in fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; material reductions in corporate liquidity and access to debt markets; the receipt of required Board authorizations to pay future dividends; the effects of changed accounting rules under generally accepted accounting principles promulgated by rule-setting bodies; Chevron’s ability to identify and mitigate the risks and hazards inherent in operating in the global energy industry; and the factors set forth under the heading “Risk Factors” on pages 18 through 23 of the company's 2020 Annual Report on Form 10-K and in other subsequent filings with the U.S. Securities and Exchange Commission. Other unpredictable or unknown factors not discussed in this news release could also have material adverse effects on forward-looking statements.

No Offer or Solicitation

This press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities pursuant to the transaction or otherwise, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Additional Information and Where You Can Find It

In connection with the proposed transaction, Chevron will file a registration statement on Form S-4, which will include an information statement of Noble Midstream, with the U.S. Securities and Exchange Commission (“SEC”). INVESTORS AND SECURITYHOLDERS OF CHEVRON AND NOBLE MIDSTREAM ARE ADVISED TO CAREFULLY READ THE REGISTRATION STATEMENT AND INFORMATION STATEMENT, PROSPECTUS, OR OTHER DOCUMENT (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS THERETO) WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TRANSACTION, THE PARTIES TO THE TRANSACTION AND THE RISKS ASSOCIATED WITH THE TRANSACTION. A definitive information statement will be sent to securityholders of Noble Midstream in connection with any solicitation of proxies or consents of Noble Midstream unitholders relating to the proposed transaction. Investors and securityholders may obtain a free copy of such documents and other relevant documents (if and when available) filed by Chevron or Noble Midstream with the SEC from the SEC’s website at www.sec.gov. Securityholders and other interested parties will also be able to obtain, without charge, a copy of such documents and other relevant documents (if and when available) from Chevron’s website at www.chevron.com under the “Investors” tab under the heading “SEC Filings” or from Noble Midstream’s website at www.nblmidstream.com under the “Investors” tab and the “SEC Filings” sub-tab.

Participants in the Solicitation

Chevron, Noble Midstream and their respective directors, executive officers and certain other members of management may be deemed to be participants in the solicitation of proxies and consents in respect of the transaction. Information about these persons is set forth in Chevron’s proxy statement relating to its 2020 Annual Meeting of Stockholders, which was filed with the SEC on April 7, 2020, and Noble Midstream’s Annual Report on Form 10-K for the year ended December 31, 2020, which was filed with the SEC on February 12, 2021, and subsequent statements of changes in beneficial ownership on file with the SEC. Securityholders and investors may obtain additional information regarding the interests of such persons, which may be different than those of the respective companies’ securityholders generally, by reading the consent solicitation statement prospectus statement, or other relevant documents regarding the transaction (if and when available), which may be filed with the SEC.

Braden Reddall, Chevron, 925-842-2209
Park Carrere, Noble Midstream, 281-872-3208

After a Very Dry February in Much of Northern and Central California, Meteorologists Forecasting Rain and Snow This Week

SAN FRANCISCO--(BUSINESS WIRE)--After an unusually dry February across much of Northern and Central California, there’s finally some potential for rain in the weather forecast.

Pacific Gas and Electric Company (PG&E) meteorologists say a series of weather systems will impact its service area starting this afternoon and continuing through Wednesday, when the weather is expected to peak. PG&E meteorologists anticipate inclement weather, with valley rain showers, low-altitude snow and the possibility of thunderstorms throughout Northern and Central California.

After the atmospheric river-fueled storm in late January, California had its driest February on record with 0.20 inch of precipitation, topping the previous record of 0.31 inch set back in 1964, according to the National Oceanic and Atmospheric Administration. Weather stations across the Bay Area and interior parts of Northern California tied or set records for driest February on record, the agency said. San Francisco, San Jose, Sacramento, Oakland and other stations received no precipitation during the month, setting local records for the driest February.

PG&E’s meteorology team has developed a Storm Outage Prediction Model that incorporates real-time weather forecasts, historical data and system knowledge to predict where and when storm impacts will be most severe. This model enables the company to pre-stage crews and equipment as storms approach to enable rapid response to outages.

PG&E is urging its customers to take the necessary steps to be prepared and stay safe.

Safety Tips:

• Never touch downed wires: If you see a downed power line, assume it is energized and extremely dangerous. Do not touch or try to move it—and keep children and animals away. Report downed power lines immediately by calling 911 and by calling PG&E at 1-800-743-5002.
• Use flashlights, not candles: During a power outage, use battery-operated flashlights, and not candles, due to the risk of fire. If you must use candles, please keep them away from drapes, lampshades and small children. Do not leave candles unattended.
• Have a backup phone: If you have a telephone system that requires electricity to work, such as a cordless phone or answering machine, plan to have a standard telephone or cellular phone ready as a backup.
• Have fresh drinking water, ice: Freeze plastic containers filled with water to make blocks of ice that can be placed in your refrigerator/freezer during an outage to prevent foods from spoiling. Blue Ice from your picnic cooler also works well in the freezer.
• Use generators safely: Customers with standby electric generators should make sure they are properly installed by a licensed electrician in a well-ventilated area. Improperly installed generators pose a significant danger to customers, as well as crews working on power lines. If using portable generators, be sure they are in a well-ventilated area.
• Turn off appliances: If you experience an outage, unplug or turn off all electrical appliances to avoid overloading circuits and to prevent fire hazards when power is restored. Simply leave a single lamp on to alert you when power returns. Turn your appliances back on one at a time when conditions return to normal.
• Safely clean up: After the inclement weather has passed, be sure to safely clean up. Never touch downed wires and always call 811 or visit 811express.com at least two full business days before digging to have all underground utilities safely marked.

Other tips can be found at pge.com/beprepared

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.

MEDIA RELATIONS:
415-973-5930

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) today reported financial results for the fourth quarter and full year ended December 31, 2020.

“Global delivered extraordinary results in 2020, posting net income attributable to the Partnership of $102.2 million, Adjusted EBITDA of $287.7 million and distributable cash flow of $156.4 million – increases in each metric year-over-year,” said Eric Slifka, Global’s President and Chief Executive Officer.

“Global has always adapted and innovated to meet the most essential needs of the customers and the economic regions we serve. Our performance in the face of a global pandemic underscores the resilience of our business model and highlights our fundamental role as a critical infrastructure company. In that role, we provide energy products and goods and services through a portfolio of fully integrated terminal, supply and real estate assets.

“I also want to publicly acknowledge the outstanding work of our people, from the front-line associates at our gas stations, convenience stores and terminals to our office personnel at locations throughout the country,” Slifka said. “In a year like no other, they kept our operations running smoothly, ensuring the safety of our guests and customers while helping us innovate and grow.”

Fourth Quarter Financial Highlights

Net income attributable to the Partnership was $4.4 million, or $0.06 per diluted common limited partner unit, for the fourth quarter of 2020 compared with a net loss attributable to the Partnership of $0.8 million, or $0.08 per common limited partner unit, in the fourth quarter of 2019.

Net income attributable to the Partnership, EBITDA, Adjusted EBITDA and DCF for the three and 12 months ended December 31, 2020 included a $7.2 million loss on the early extinguishment of debt related to the Partnership's October 2020 redemption of its 7.00% senior notes due 2023.

Earnings before interest, taxes, depreciation and amortization (EBITDA) was $50.2 million in the fourth quarter of 2020 compared with $47.3 million in the fourth quarter of 2019.

Adjusted EBITDA was $49.9 million in the fourth quarter of 2020 compared with $46.2 million in the fourth quarter of 2019.

Distributable cash flow (DCF) was $7.3 million in the fourth quarter of 2020 compared with $9.4 million in the fourth quarter of 2019.

Gross profit in the fourth quarter of 2020 was $166.2 million compared with $151.0 million in the fourth quarter of 2019, reflecting higher Wholesale segment product margins partly offset by lower product margins in the Gasoline Distribution and Station Operations and Commercial segments.

Combined product margin, which is gross profit adjusted for depreciation allocated to cost of sales, was $186.2 million in the fourth quarter of 2020 compared with $172.8 million in the fourth quarter of 2019.

Combined product margin, EBITDA, Adjusted EBITDA, and DCF are non-GAAP (Generally Accepted Accounting Principles) financial measures, which are explained in greater detail below under “Use of Non-GAAP Financial Measures.” Please refer to Financial Reconciliations included in this news release for reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures for the three and 12 months ended December 31, 2020 and 2019.

GDSO segment product margin was $143.6 million in the fourth quarter of 2020 compared with $147.1 million in the fourth quarter of 2019. This result primarily reflected lower fuel volume and reduced convenience store activity due to COVID-19, partly offset by higher fuel margins.

Wholesale segment product margin was $39.1 million in the fourth quarter of 2020 compared with $15.4 million in the fourth quarter of 2019. This result primarily reflected more favorable market conditions in gasoline and gasoline blendstocks and other oils and related products.

Commercial segment product margin was $3.4 million in the fourth quarter of 2020 compared with $10.3 million in the fourth quarter of 2019, primarily reflecting a decrease in bunkering activity.

Total sales were $2.2 billion in the fourth quarter of 2020 compared with $3.3 billion in the fourth quarter of 2019, due to decreases in prices and volume. Wholesale segment sales were $1.3 billion in the fourth quarter of 2020 compared with $1.9 billion in the fourth quarter of 2019. GDSO segment sales were $0.7 billion in the fourth quarter of 2020 compared with $1.0 billion in the fourth quarter of 2019. Commercial segment sales were $0.2 billion in the fourth quarter of 2020 compared with $0.4 billion in the fourth quarter of 2019.

Volume in the fourth quarter of 2020 was 1.5 billion gallons compared with 1.7 billion gallons in the fourth quarter of 2019. Wholesale segment volume was 1.0 billion gallons in the fourth quarter of 2020 compared with 1.1 billion gallons in the fourth quarter of 2019. GDSO volume was 354.0 million gallons in the fourth quarter of 2020 compared with 408.0 million gallons in the fourth quarter of 2019. Commercial segment volume was 139.8 million gallons in the fourth quarter of 2020 compared with 197.3 million gallons in the fourth quarter of 2019.

Recent Developments

• Global announced a quarterly cash distribution of $0.55 per unit, or $2.20 per unit on an annualized basis, on all of its outstanding common units for the period from October 1 to December 31, 2020. The distribution was paid February 12, 2021 to unitholders of record as of the close of business on February 8, 2021.
• Global signed an agreement to purchase the retail fuel and convenience store assets of Connecticut-based Consumers Petroleum of Connecticut, Incorporated. Subject to regulatory approvals and other customary closing conditions, the transaction is expected to close in the second quarter of 2021.

Business Outlook

“As we continue to embrace changes in consumer behavior and the demand for greener energy, Global’s commitment to providing the essential goods and services that make life better remains the same. Our ability to provide reliability while adapting to changes in product demand continues to serve us well,” Slifka said.

Any COVID-19 related events or conditions, or other unforeseen consequences of COVID-19 could significantly adversely affect our business and financial condition and the business and financial condition of our customers, suppliers and counterparties. The ultimate extent of the impact of COVID-19 on our business, financial condition and results of operations depends in large part on future developments which are uncertain and cannot be predicted at this time. That uncertainty includes the duration (including its potential return) of the COVID-19 pandemic, the geographic regions so impacted, the extent of said impact within specific boundaries of those areas and, lastly, the impact to the local, state and national economies.

Financial Results Conference Call

Management will review the Partnership’s fourth-quarter and full-year 2020 financial results in a teleconference call for analysts and investors today.

Due to the expected high demand on our conference call provider, please plan to dial in to the call at least 20 minutes prior to the start time.

The call also will be webcast live and archived on Global’s website, https://ir.globalp.com.

Use of Non-GAAP Financial Measures

Product Margin

Global Partners views product margin as an important performance measure of the core profitability of its operations. The Partnership reviews product margin monthly for consistency and trend analysis. Global Partners defines product margin as product sales minus product costs. Product sales primarily include sales of unbranded and branded gasoline, distillates, residual oil, renewable fuels, crude oil and propane, as well as convenience store sales, gasoline station rental income and revenue generated from logistics activities when the Partnership engages in the storage, transloading and shipment of products owned by others. Product costs include the cost of acquiring products and all associated costs including shipping and handling costs to bring such products to the point of sale as well as product costs related to convenience store items and costs associated with logistics activities. The Partnership also looks at product margin on a per unit basis (product margin divided by volume). Product margin is a non-GAAP financial measure used by management and external users of the Partnership’s consolidated financial statements to assess its business. Product margin should not be considered an alternative to net income, operating income, cash flow from operations, or any other measure of financial performance presented in accordance with GAAP. In addition, product margin may not be comparable to product margin or a similarly titled measure of other companies.

EBITDA and Adjusted EBITDA

EBITDA and Adjusted EBITDA are non-GAAP financial measures used as supplemental financial measures by management and may be used by external users of Global Partners’ consolidated financial statements, such as investors, commercial banks and research analysts, to assess the Partnership’s:

• compliance with certain financial covenants included in its debt agreements;
• financial performance without regard to financing methods, capital structure, income taxes or historical cost basis;
• ability to generate cash sufficient to pay interest on its indebtedness and to make distributions to its partners;
• operating performance and return on invested capital as compared to those of other companies in the wholesale, marketing, storing and distribution of refined petroleum products, gasoline blendstocks, renewable fuels, crude oil and propane, and in the gasoline stations and convenience stores business, without regard to financing methods and capital structure; and
• viability of acquisitions and capital expenditure projects and the overall rates of return of alternative investment opportunities.

Adjusted EBITDA is EBITDA further adjusted for gains or losses on the sale and disposition of assets and goodwill and long-lived asset impairment charges. EBITDA and Adjusted EBITDA should not be considered as alternatives to net income, operating income, cash flow from operating activities or any other measure of financial performance or liquidity presented in accordance with GAAP. EBITDA and Adjusted EBITDA exclude some, but not all, items that affect net income, and these measures may vary among other companies. Therefore, EBITDA and Adjusted EBITDA may not be comparable to similarly titled measures of other companies.

Distributable Cash Flow

Distributable cash flow is an important non-GAAP financial measure for the Partnership’s limited partners since it serves as an indicator of success in providing a cash return on their investment. Distributable cash flow as defined by the Partnership’s partnership agreement is net income plus depreciation and amortization minus maintenance capital expenditures, as well as adjustments to eliminate items approved by the audit committee of the board of directors of the Partnership’s general partner that are extraordinary or non-recurring in nature and that would otherwise increase distributable cash flow.

Distributable cash flow as used in our partnership agreement also determines our ability to make cash distributions on our incentive distribution rights. The investment community also uses a distributable cash flow metric similar to the metric used in our partnership agreement with respect to publicly traded partnerships to indicate whether or not such partnerships have generated sufficient earnings on a current or historic level that can sustain distributions on preferred or common units or support an increase in quarterly cash distributions on common units. Our partnership agreement does not permit adjustments for certain non-cash items, such as net losses on the sale and disposition of assets and goodwill and long-lived asset impairment charges.

Distributable cash flow should not be considered as an alternative to net income, operating income, cash flow from operations, or any other measure of financial performance presented in accordance with GAAP. In addition, distributable cash flow may not be comparable to distributable cash flow or similarly titled measures of other companies.

About Global Partners LP

With approximately 1,550 locations primarily in the Northeast, Global Partners is one of the region’s largest independent owners, suppliers and operators of gasoline stations and convenience stores. Global Partners also owns, controls or has access to one of the largest terminal networks in New England and New York, through which it distributes gasoline, distillates, residual oil and renewable fuels to wholesalers, retailers and commercial customers. In addition, Global Partners engages in the transportation of petroleum products and renewable fuels by rail from the mid-continental U.S. and Canada. Global Partners LP, a master limited partnership, trades on the New York Stock Exchange under the ticker symbol “GLP.” For additional information, visit www.globalp.com.

Forward-looking Statements

Certain statements and information in this press release may constitute “forward-looking statements.” The words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could” or other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. These forward-looking statements are based on Global Partners’ current expectations and beliefs concerning future developments and their potential effect on the Partnership. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting the Partnership will be those that it anticipates. All comments concerning the Partnership’s expectations for future revenues and operating results and otherwise are based on forecasts for its existing operations and do not include the potential impact of any future acquisitions. Forward-looking statements involve significant risks and uncertainties (some of which are beyond the Partnership’s control) including, without limitation, the impact and duration of the COVID-19 pandemic, uncertainty around the timing of an economic recovery in the United States which will impact the demand for the products we sell and the services we provide, uncertainty around the impact of the COVID-19 pandemic to our counterparties and our customers and their corresponding ability to perform their obligations and/or utilize the products we sell and/or services we provide, uncertainty around the impact and duration of federal, state and municipal regulations related to the COVID-19 pandemic, and assumptions that could cause actual results to differ materially from the Partnership’s historical experience and present expectations or projections. For additional information regarding known material factors that could cause actual results to differ from the Partnership’s projected results, please see Global Partners’ filings with the SEC, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date thereof. The Partnership undertakes no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.

Daphne H. Foster
Chief Financial Officer
Global Partners LP
(781) 894-8800

Edward J. Faneuil
Executive Vice President, General Counsel and Secretary
Global Partners LP
(781) 894-8800

• BOEM issues Final Environmental Impact Statement for Vineyard Wind 1.
• Issuance is major milestone towards commencing construction of 800-megawatt offshore wind project.
• Vineyard Wind 1 will deliver clean energy in 2023 and economic benefits beginning this year to Massachusetts.

ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID, Inc. (NYSE: AGR) confirmed today that the U.S. Bureau of Ocean Energy Management (BOEM) has issued the Final Environmental Impact Statement (FEIS) for Vineyard Wind 1. The issuance of the FEIS is the final step before a Record of Decision (ROD) from BOEM, the last approval required for construction on the project to begin. The project is under development by Vineyard Wind, a joint venture between Avangrid Renewables, a subsidiary of AVANGRID, Inc., and Copenhagen Infrastructure Partners (CIP).

“We are one step closer toward realizing this historic clean energy project and delivering cost-effective clean energy, thousands of jobs and more than a billion dollars in economic benefits to Massachusetts,” said Dennis V. Arriola, CEO of AVANGRID. “BOEM’s thorough review of Vineyard Wind 1 ensures that both the project and the offshore wind industry are well-positioned for long-term success.”

The FEIS is a comprehensive study conducted by BOEM to evaluate the potential environmental impacts of the proposed project and informs BOEM’s Record of Decision, which will be issued after a 30 day period which begins today. With the issuance of the FEIS, Vineyard Wind confirmed that the project remains on track to reach financial close in the second half of 2021 and begin delivering clean energy to Massachusetts in 2023.

Located 15 miles off the coast of Martha’s Vineyard, Vineyard Wind 1 is slated to become the first large-scale offshore wind farm in the United States. With a generating capacity of 800 megawatts (MW), the project will provide enough electricity to power more than 400,000 homes and businesses in the Commonwealth of Massachusetts, create 3,600 Full Time Equivalent (FTE) job years, reduce electricity rates by $1.4 billion over the first 20 years of operation, and is expected to reduce carbon emissions by more than 1.6 million metric tons per year.

Avangrid Renewables, a leading developer of onshore wind and solar, is also pioneering the development of offshore wind in the U.S. In addition to Vineyard Wind 1, Avangrid Renewables is a partner on Park City Wind, an 800 MW project to serve the state of Connecticut, as well as on additional lease areas off the coast of Massachusetts and Rhode Island to deliver up to 3,500 MW. Avangrid Renewables also is developing Kitty Hawk Offshore Wind that has the potential to deliver 2,500 MW of clean energy into Virginia and North Carolina.

About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $38 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs approximately 7,000 people and has been recognized by Forbes and Just Capital as one of the 2021 JUST 100 companies – a list of America’s best corporate citizens – and was ranked number one within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2021 for the third consecutive year by the Ethisphere Institute. For more information, visit www.avangrid.com.

Media:
Morgan Pitts, 503.933.8907 or This email address is being protected from spambots. You need JavaScript enabled to view it.
24/7 Media Hotline
833.MEDIA.55 (833.633.4255)

Investors:
Patricia Cosgel, 203.499.2624 or This email address is being protected from spambots. You need JavaScript enabled to view it.

HOUSTON--(BUSINESS WIRE)--Black Bear Transmission LLC, (“Black Bear”) today announced that it has completed the divestiture of gas gathering assets owned by BBT Alabama, LLC (“BBT AL”) to an undisclosed buyer.

This divestiture follows Black Bear’s most recent acquisition – the purchase of the NGT Assets from Third Coast Midstream in September 2020.

BBT AL owns and operates a fee-based, natural gas gathering system that connects production in Alabama to regional long-haul pipelines. The asset sale consists of more than 240 miles of natural gas pipelines, 26 active metered locations, and 1 active compressor station.

“We are excited to complete this transaction,” said Rene Casadaban, Chief Executive Officer of Black Bear. “The sale of these assets allows us to continue our main focus on the transmission business, which serves long-term, demand-driven end-user markets, while continuing to provide safe and reliable service.”

“This sale is another example of the team’s ability to quickly execute on the strategic rationalization of acquired assets,” added Scott Langston, Senior Vice President and Chief Commercial Officer for Black Bear, “Similar to the Ozark Gas Gathering sale, this deal allows us to achieve operational cost savings while at the same time directing more internal resources towards our core natural gas transmission infrastructure. We appreciate all of the hard work from everybody involved to complete this sale.”

The terms of the transaction are not being disclosed.

About Black Bear

Black Bear Transmission LLC transports and delivers natural gas from various pipeline receipt points to utility, power generation and industrial customers in the Southeast United States. Following this sale, Black Bear owns and operates 13 regulated natural gas pipelines stretching more than 2,100 miles, with total delivery capacity of more than 2.6 Bcf per day. The pipelines are connected to 18 major long-haul pipelines, ensuring reliable gas supply to customers across Alabama, Arkansas, Louisiana, Mississippi, Missouri, Oklahoma and Tennessee. Black Bear Transmission LLC is headquartered in Houston, TX.

For more information, please visit www.blackbearllc.com.

For media inquiries:
Black Bear Transmission
Rene Casadaban
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Planned to be the first commissioned LNG terminal in the Philippines, PLNG will offer power plants, industry and consumers access to safe, clean and competitive fuel

MANILA, Philippines--(BUSINESS WIRE)--#AGP--Atlantic Gulf & Pacific Company of Manila, Inc. (AG&P) has been issued the Notice to Proceed (NTP) by the Philippines’ Department of Energy (DOE) for the development of its LNG import and regasification terminal in Batangas Bay on the main island of Luzon, called the Philippines LNG (PLNG). PLNG will store LNG and dispatch natural gas to power plant, industrial and commercial customers and other consumers, opening up for the country a new era of clean, efficient fuel and doing its part for the Philippines to compete for and win investment and jobs in the years to come.

PLNG will have the initial capacity to deliver up to 3.0 MTPA of regasified LNG, with additional capacity for liquid distribution. On day one, PLNG will have scalable onshore regasification capacity of 420mmscfd and almost 200,000cbm of storage that will ensure high availability and reliability of natural gas for its customers. AG&P has already completed its pre-development work for PLNG, which is expected to be commissioned by summer 2022.

“We are excited about this critical step in bringing AG&P’s Philippines LNG Import Terminal online. AG&P is working very hard to bring this safe, environmentally-friendly, competitive fuel to our customers by the summer of 2022 and hope that the wide availability of natural gas will spur manufacturing and jobs in the Philippines while we all enjoy healthier air. We salute the Philippines’ DOE for its professionalism and hard work in evaluating our proposal and granting AG&P the Notice to Proceed. We are aligned with the DOE’s forward-looking vision for clean energy and look forward to supporting it every day. I would also like to recognize the hard-working engineers in our Korean subsidiary, Gas Entec, which has brought its world-leading technology to PLNG,” said Mr. Karthik Sathyamoorthy, President of LNG Terminals & Logistics, AG&P.

The DOE approved AG&P’s NTP application in line with its commitment to make the Philippines a regional LNG hub in Southeast Asia. As an initial step, PLNG will serve to kick-start the country’s LNG importation and regasification ability, delivering gas to secure the current and future energy demand of the region.

“The Philippines LNG Terminal is a landmark development for the country that will accelerate industrialization, create jobs, lower pollution and trigger overall economic and social progress. It will directly and indirectly improve the quality of life for many thousands of Filipinos,” added Mr. Sathyamoorthy.

About AG&P

Atlantic Gulf & Pacific (AG&P) is a global leader in developing and running LNG and gas logistics and distribution solutions. AG&P delivers LNG and gas to a variety of end-customers. We act as an owner and as a service provider covering engineering, project management and construction for onshore and offshore gas infrastructure, linking suppliers to downstream customers. AG&P is part-owned by Osaka Gas and JBIC of Japan.

www.agpglobal.com

AG&P
Anupam Ahuja
Marketing & Communications
E: This email address is being protected from spambots. You need JavaScript enabled to view it.
M: +63 (998) 966 5444

SAN ANTONIO--(BUSINESS WIRE)--Valero Energy Corporation (NYSE: VLO, “Valero”) announced today that it will be participating in the Bank of America Merrill Lynch Refining Conference on March 11, 2021 and the Evercore ISI Energy Summit on March 17, 2021.

About Valero

Valero Energy Corporation, through its subsidiaries (collectively, “Valero”), is an international manufacturer and marketer of transportation fuels and petrochemical products. Valero is a Fortune 50 company based in San Antonio, Texas, and it operates 15 petroleum refineries with a combined throughput capacity of approximately 3.2 million barrels per day and 13 ethanol plants with a combined production capacity of approximately 1.69 billion gallons per year. The petroleum refineries are located in the United States (U.S.), Canada and the United Kingdom (U.K.), and the ethanol plants are located in the Mid-Continent region of the U.S. Valero is also a joint venture partner in Diamond Green Diesel, which owns and operates a renewable diesel plant in Norco, Louisiana. Diamond Green Diesel is North America’s largest biomass-based diesel plant. Valero sells its products in the wholesale rack or bulk markets in the U.S., Canada, the U.K., Ireland and Latin America. Approximately 7,000 outlets carry Valero’s brand names. Please visit www.investorvalero.com for more information.

Investors:
Homer Bhullar, Vice President – Investor Relations, 210-345-1982
Eric Herbort, Senior Manager – Investor Relations, 210-345-3331
Gautam Srivastava, Senior Manager – Investor Relations, 210-345-3992

Media:
Lillian Riojas, Executive Director – Media Relations and Communications, 210-345-5002

HOUSTON--(BUSINESS WIRE)--Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) (“Solaris”) announced today that its Board of Directors has declared a quarterly cash dividend of $0.105 per share of Class A common stock, to be paid on March 25, 2021 to holders of record as of March 15, 2021. A distribution of $0.105 per unit has also been approved for holders of units in Solaris Oilfield Infrastructure, LLC, which is subject to the same payment and record dates.

About Solaris Oilfield Infrastructure, Inc.

Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) provides mobile equipment that drives supply chain and execution efficiencies in the completion of oil and natural gas wells. Solaris’ patented mobile proppant and chemical systems are deployed in many of the most active oil and natural gas basins in the United States. Additional information is available on our website, www.solarisoilfield.com.

Yvonne Fletcher
Senior Vice President, Finance and Investor Relations
(281) 501-3070
This email address is being protected from spambots. You need JavaScript enabled to view it.

Solaris Oilfield Infrastructure, Inc.

Global Carbon Futures Index serves as a benchmark for the global price of carbon

LONDON & NEW YORK--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, today announced an update on its global environmental complex, as the ICE Global Carbon Futures Index value (ICECRBN) reached a record on February 12, 2021, with a weighted average price of $39.08/tonne, and ICE EU Carbon Allowance (EUA) Options reached records in February for total volume traded of more than 412,000 contracts, and for Average Daily Volume (ADV) of more than 20,500 contracts.

ICE offers customers access to the largest and most liquid environmental markets in the world and launched the Global Carbon Futures Index in April 2020 to serve as a benchmark for the global price of carbon. The Index measures the performance of a long-only basket of ICE EUA futures, ICE California Carbon Allowance (CCA) futures, and ICE Regional Greenhouse Gas Initiative (RGGI) futures contracts and is calculated and published in real-time to the ICE Consolidated Feed. It is part of a suite of ESG-related services ICE offers to customers, which includes the ICE BofA Green Index, Carbon Reduction Indices, and ICE Climate Risk, which helps investors identify the climate risk in municipal securities across the United States.

More than 14 gigatonnes of carbon were traded on ICE during 2020, including approximately 12.2 gigatonnes through EUA Futures and Options, 1.9 gigatonnes through CCA Futures and Options, and 0.23 Gigatonnes through RGGI futures and options. Annual carbon allowance trading on ICE is equivalent to approximately 40% of the world’s total annual emissions footprint based on current estimates.

“When ICE first entered the environmental markets, these were nascent, niche markets. Today they are among the fastest growing markets globally, offering a transparent, accessible and market-led route for the world to price climate risk on a global scale”, said Gordon Bennett, Managing Director of Utility Markets at ICE. “As climate risk and the energy transition impacts more and more companies regardless of sector, a broad set of solutions will be required to help the adoption of wider and more ambitious cap and trade programmes, complemented by offset markets which encourage investment in high quality, credible projects.”

ICE has been active in carbon offset markets since 2008, with more than 3 billion tonnes of Certified Emission Reductions (CERs) traded on ICE since launch. In April 2019, ICE launched California Carbon Offset (CCO) futures and approximately 1 million tonnes of CCOs traded on ICE in 2020.

Companies subject to carbon cap and trade programs and renewable portfolio standards use ICE’s markets to meet obligations and manage risk in the most cost-effective way, while policy makers rely on price signals from environmental markets to gauge the effectiveness of their programs. Today increasingly diverse stakeholders use these global markets to offset their carbon footprint, invest in green attributes, benchmark their internal cost of carbon, assess and manage climate transition risk, and allocate capital to benefit from energy transition.

About Intercontinental Exchange

Intercontinental Exchange (NYSE: ICE) is a Fortune 500 company and provider of marketplace infrastructure, data services and technology solutions to a broad range of customers including financial institutions, corporations and government entities. We operate regulated marketplaces, including the New York Stock Exchange, for the listing, trading and clearing of a broad array of derivatives contracts and financial securities across major asset classes. Our comprehensive data services offering supports the trading, investment, risk management and connectivity needs of customers around the world and across asset classes. As a leading technology provider for the U.S. residential mortgage industry, ICE Mortgage Technology provides the technology and infrastructure to transform and digitize U.S. residential mortgages, from application and loan origination through to final settlement.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2020, as filed with the SEC on February 4, 2021.

ICE- CORP
Source: Intercontinental Exchange

ICE Media Contact:
Rebecca Mitchell
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+44 7951 057 351

ICE Investor Contact:
Warren Gardiner
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770-835-0114

• Scheme Booklet available online
• Scheme meeting to be held in person and online on April 7, 2021

NEW YORK--(BUSINESS WIRE)--$PLL #Lithium--Piedmont Lithium Limited (ASX:PLL, NASDAQ:PLL) (Piedmont or Company) is pleased to announce that the Scheme Booklet in relation to Piedmont’s proposed re-domiciliation from Australia to the United States via a Scheme of Arrangement (Scheme), has today been despatched to shareholders, including the notice of meeting, personalised proxy form and small parcel holder opt out form.

Piedmont shareholders who have elected to receive communications electronically will receive an email which contains instructions about how to view or download a copy of the Scheme Booklet, as well as instructions on how to lodge their proxies for the meeting online.

Piedmont shareholders who have not elected to receive communications electronically will be sent a letter together with the proxy form for the meeting containing instructions about how to view or download a copy of the Scheme Booklet.

If the Scheme is implemented:

• Piedmont shareholders will receive one Piedmont US CHESS depositary interest (CDI) for every Piedmont share held on the Scheme record date. Piedmont US’s CDIs will be listed on ASX and holders of Piedmont US CDIs will be able to trade their Piedmont US CDIs on ASX after the implementation of the Scheme; and
• Piedmont American Depositary Share (ADS) holders will receive one Piedmont US share for every Piedmont ADS held on the Scheme record date. Piedmont US’s shares will be listed on Nasdaq and holders of Piedmont US shares will be able to trade their Piedmont US shares on Nasdaq after the implementation of the Scheme.

Scheme Meeting

The meeting of Piedmont shareholders to approve the Scheme will be held in person and electronically on April 7, 2021 at the Conference Room, Ground Floor, 28 The Esplanade, Perth, Western Australia at 10:00am (AWST) (Scheme Meeting).

Due to the potential health risks associated with large gatherings and the coronavirus (COVID-19) pandemic, the Company has made arrangements for Piedmont shareholders to participate in the Scheme Meeting electronically. Details of how to log in online will be contained in the notice of meeting (Notice of Scheme Meeting).

The Notice of Scheme Meeting is included as an annexure to the Scheme Booklet and a personalised proxy form for the Scheme Meeting will accompany the Scheme Booklet.

All Piedmont shareholders who cannot attend the Scheme Meeting are encouraged to vote either by joining the Scheme Meeting electronically, or by appointing a proxy, corporate representative or attorney to attend the Scheme Meeting or to join the electronic Scheme Meeting on their behalf.

Further information

Piedmont encourages Piedmont shareholders to read the Scheme Booklet in its entirety before deciding whether or not to vote in favour of the Scheme.

If you require further information or have questions, please contact the please contact the Piedmont Scheme Information Line on 1300 218 182 (within Australia) or +61 3 9415 4233 (outside Australia) Monday to Friday between 8:30am and 5:00pm (AEDT).

This announcement has been authorized for release by the Company’s Chief Executive Officer.

Forward Looking Statements

This announcement may include forward-looking statements. These forward-looking statements are based on Piedmont’s expectations and beliefs concerning future events. Forward looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of Piedmont, which could cause actual results to differ materially from such statements. Piedmont makes no undertaking to subsequently update or revise the forward-looking statements made in this announcement, to reflect the circumstances or events after the date of that announcement.

Keith Phillips
President & CEO
T: +1 973 809 0505
E: This email address is being protected from spambots. You need JavaScript enabled to view it.

Brian Risinger
VP - Investor Relations and Corporate Communications
T: +1 704 910 9688
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DUBLIN--(BUSINESS WIRE)--The "Global LNG Monitor" newsletter has been added to ResearchAndMarkets.com's offering.

Overview

With significant investment going into LNG export projects in the US, Australia and across Asia-Pacific, and continued concerns about gas imports into Europe and Asia, LNG is expanding as a major sector of the global gas market that has attracted super-majors and independent companies alike.

With this in mind, success can be lost or guaranteed on the basis of accurate and timely information. GLNG offers readers a macro-view of international LNG news, divided by global region. GLNG is published on Thursdays and also incorporates an extensive News in Brief section. This includes detailed and up-to-date information as it breaks, from various sources across the world.

Example Topics Covered:

• Commentary
• Panama Canal Aims for Greater LNG Capacity
• Thailand Goes Long on LNG With Mozambique Supply Deal
• Africa
• NLNG Wins Case Against Nimasa
• Mozambique Militants Attack Close to LNG Site
• Americas
• Nextdecade Secures Tax Incentives for Rio Grande LNG Project
• Australasia
• AGL Regrets Gas Sales
• Chevron Begins Liquefaction at Wheatstone
• Asia
• Hokkaido Gas to Diversify LNG Suppliers
• Europe
• Gas Natural Fenosa Moves HQ to Madrid
• News in Brief

For more information about this newsletter visit https://www.researchandmarkets.com/r/cxpqmm

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
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WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) today announced that its Annual Report on Form 10-K for the year ended December 31, 2020 was filed with the U.S. Securities and Exchange Commission (SEC) on March 5, 2021.

A copy of the Annual Report on Form 10-K is available to be viewed or downloaded on the Partnership’s website at https://ir.globalp.com or from the SEC’s website at www.sec.gov. A hard copy of the Partnership’s complete audited financial statements also can be obtained free of charge by contacting the Global Partners Investor Relations department at (857) 383-2409 or emailing This email address is being protected from spambots. You need JavaScript enabled to view it..

About Global Partners LP

With approximately 1,550 locations primarily in the Northeast, Global Partners is one of the region’s largest independent owners, suppliers and operators of gasoline stations and convenience stores. Global Partners also owns, controls or has access to one of the largest terminal networks in New England and New York, through which it distributes gasoline, distillates, residual oil and renewable fuels to wholesalers, retailers and commercial customers. In addition, Global Partners engages in the transportation of petroleum products and renewable fuels by rail from the mid-continental U.S. and Canada. Global Partners LP, a master limited partnership, trades on the New York Stock Exchange under the ticker symbol “GLP.” For additional information, visit www.globalp.com.

Daphne H. Foster
Chief Financial Officer
Global Partners LP
(781) 894-8800

Edward J. Faneuil
Executive Vice President, General Counsel and Secretary
Global Partners LP
(781) 894-8800

SAN FRANCISCO--(BUSINESS WIRE)--Pacific Gas and Electric Company (PG&E) is kicking off California Arbor Week (March 7-14) by unveiling its new comprehensive web resource for its customers and communities that includes rules, tips and guides for planting trees safely near electric and gas lines. The Right Tree, Right Place web resource can be found at pge.com/righttreerightplace and includes free downloadable brochures on how to plant with fire safety in mind and creating defensible space.

“Trees play a vital role in our environment and make California a beautiful place to live, work and recreate. They also need space to grow both above and below ground. Planting the right tree in the right place helps promote fire safety, reduces power outages, provides shade benefits, enhances property values and ensures beauty for years to come,” said Michael Ritter, Senior Director of Vegetation Management. “If the right tree is not planted in the right place and too close to power and gas lines, it can create public safety issues and power outages.”

Using the free safety guides, customers can learn which trees are safe to plant near electric and gas lines, and in which regions; information on what to do before planting; how to plant and care for a tree; characteristics of recommended small trees and more. For example, residents and business should always call 8-1-1 at least two days before landscaping or planting trees to have underground lines and other utilities marked to ensure safe digging.

Before planting trees near overhead lines, it’s also recommended to know if you live in an area of increased fire risk by visiting the California Public Utilities Commission’s High Fire-Threat District (HFTD) map.

• If the property is outside a HFTD, any trees that can grow taller than 25 feet at maturity should be planted at least 50 feet away from power lines.
• If the property is within a HFTD, follow safety clearances of the following zones, which are categorized by the horizontal distance between power lines and desired plant:
  • Small zone: Within 15 feet away from the power line easement (along the ground), plant only low-growing plants less than 12 inches at maturity that have high moisture, and low sap or resin content.
  • Medium zone: From 15 to 50 feet away from the power line easement, plant trees that reach no taller than 40 feet at maturity.
  • Tall zone: At least 50 feet away from the power line easement, trees that grow taller than 40 feet at maturity are acceptable.

PG&E reminds its customers and the communities in Central and Northern California that everyone can do their part to help reduce wildfire risks by choosing the right plants, trees and shrubs and by following vegetation and fire safety standards that require greater clearances between trees, limbs and power lines.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.

Media Relations:
415-973-5930

LAS VEGAS--(BUSINESS WIRE)--$AP #AP--Ault Global Holdings, Inc. (NYSE American: DPW) a diversified holding company (the “Company”), announced today that it has amended the terms of its previously announced “at-the-market” equity offering program under which it may sell, from time to time, shares of its common stock for aggregate gross proceeds of up to $200,000,000, inclusive of the previously authorized $125,000,000. The shares of common stock will continue to be offered through Ascendiant Capital Markets, LLC, acting in its capacity as sales agent (the “Agent”).

Pursuant to an amended sales agreement with the Agent, sales of shares of the Company’s common stock may be made in transactions that are deemed to be “at-the-market” offerings, including sales made by means of ordinary brokers’ transactions on the NYSE American or otherwise at market prices prevailing at the time of sale or as agreed to with the Agent.

The Company intends to use the net proceeds from the “at-the-market” equity offering, if any, for the financing of possible acquisitions of companies and technologies, financing of our emerging electric vehicle charger and energy storage businesses, expansion of our data center business or other business expansions and investments and for working capital and general corporate purposes, which may include the repayment, refinancing, redemption or repurchase of future indebtedness or capital stock. The Company does not have agreements or commitments for any specific acquisitions at this time.

The shares of common stock described above are being offered pursuant to a shelf registration statement (File No. 333-251995) which became effective on January 20, 2021. Such shares of common stock may be offered only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. Before making an investment in these securities, potential investors should read the prospectus supplement and the accompanying prospectus for more complete information about the Company and the “at-the-market” equity offering program. Potential investors may obtain these documents for free by visiting EDGAR on the U.S. Securities and Exchange Commission’s website at www.sec.gov. Alternatively, potential investors may contact the Agent, who will arrange to send them these documents: Ascendiant Capital Markets, LLC, Attention: Jennifer Martin, 4 Park Plaza, Suite 1950, Irvine, CA 92614, telephone: (949) 259-4900, email: This email address is being protected from spambots. You need JavaScript enabled to view it..

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

About Ault Global Holdings, Inc.

Ault Global Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, the Company provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, telecommunications, medical, and textiles. In addition, the Company extends credit to select entrepreneurial businesses through a licensed lending subsidiary. The Company’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.aultglobal.com.

Forward-Looking Statements

This press release contains “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the SEC including, but not limited to, the Company’s Forms 10-K and 10-Q. All filings are available at www.sec.gov and on the Company’s website at www.aultglobal.com.

This email address is being protected from spambots. You need JavaScript enabled to view it. or 1-888-753-2235

DUBLIN--(BUSINESS WIRE)--The "Global Wind Turbines" report has been added to ResearchAndMarkets.com's offering.

Wind turbines are considered one of the most environmentally appealing solutions for electricity production. However, the area needed for large-scale wind power installations has led to a number of concerns.

Individual wind turbines - the majority of which have outputs of between 50 kilowatts (kW) and 4 megawatts (MW) - are generally configured together into "wind farms" or "wind parks" to provide grid-connected power, and such farms create the majority of demand for wind turbines in any given year.

For example, coastal areas often rely on scenic views for property values and tourism, and wind turbines are considered by many as aesthetically unappealing, limiting the area in which coastal farms can be constructed. Additionally, the potential negative impact on wildlife has also been an issue to greater adoption.

Key Topics Covered:

1. Executive Summary

2. Overview

• Scope
• Installed Wind Energy Generation Capacity by Region
• New Wind Energy Generation Capacity by Region
• Wind Turbine Demand by Region
• Impact of COVID-19 on Wind Turbine Demand in 2020
• Market Share

3. North America

• Wind Energy Generation Capacity by Country
• Wind Turbine Demand by Country
• United States

4. Central & South America

• Wind Energy Generation Capacity by Country
• Wind Turbine Demand by Country

5. Western Europe

• Wind Energy Generation Capacity by Country
• Wind Turbine Demand by Country
• United Kingdom
• Spain
• Germany
• Sweden
• France
• Other Western Europe

6. Eastern Europe

• Wind Energy Generation Capacity by Country
• Wind Turbine Demand by Country

7. Asia/Pacific

• Wind Energy Generation Capacity by Country
• Wind Turbine Demand by Country
• China
• India
• Australia
• Other Asia/Pacific

8. Africa/Mideast

9. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/fh175b

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900