NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO--(BUSINESS WIRE)--Sherritt International Corporation (“Sherritt”) (TSX:S), a world leader in the mining and refining of nickel and cobalt from lateritic ores, today published the Applicable Reference Cobalt Price and Applicable Common Shares per Warrant Ratio for the three-month period ended July 31, 2020.

Consistent with the terms of the Warrant Indenture dated as of January 25, 2018 and available on SEDAR, Sherritt will calculate and publish the Applicable Reference Cobalt Price based on the simple average of the midpoint of the Fastmarkets MB (formerly known as Metal Bulletin) High Price and the Fastmarkets MB Low Price¹, expressed in US dollars per pound, for the three consecutive full calendar months immediately preceding each monthly Conversion Ratio Reset Date. The Applicable Common Shares per Warrant Ratio disclosed here will apply on any warrant Exercise Date from, and including, August 11, 2020 through September 8, 2020.

The next Applicable Reference Cobalt Price and Applicable Common Shares per Warrant Ratio for the three-month period ended August 31, 2020 will be announced on September 8, 2020.

About Sherritt
Sherritt is a world leader in the mining and refining of nickel and cobalt from lateritic ores with projects, operations and investments in Canada, Cuba and Madagascar. The Corporation is the largest independent energy producer in Cuba, with extensive oil and power operations across the island. Sherritt licenses its proprietary technologies and provides metallurgical services to mining and refining operations worldwide. The Corporation’s common shares are listed on the Toronto Stock Exchange under the symbol “S”. 

¹ The “Fastmarkets MB High Price” means the Fastmarkets Cobalt standard grade MB free market US$/lb in warehouse monthly average high; and the “Fastmarkets MB Low Price” means the Fastmarkets Cobalt standard grade MB free market US$/lb in warehouse monthly average low. Metal Bulletin was rebranded as Fastmarkets MB on October 1, 2018 and changed the names of its benchmark in-warehouse Rotterdam cobalt price assessments on January 2, 2019. Underlying pricing data remains the same.

Joe Racanelli, Director of Investor Relations
Telephone: 416-935-2457
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
www.sherritt.com

BOXBOROUGH, Mass.--(BUSINESS WIRE)--#aviation--Today, Integrated Defense and Security Solutions (IDSS) announced that AERO Corporation Co Limited (AERO) has awarded a contract for DETECT^TM 1000 Advanced Computed Tomography Checkpoint systems in support of the Suvarnabhumi International Airport located in Bangkok, Thailand. The Suvarnabhumi International Airport is one of the airports managed and operated by Airports of Thailand Public Company Limited (AOT).

The operation and service of the DETECT^TM 1000 systems deployed earlier this year, demonstrates its capability to enhance efficiencies and the passenger experience while improving security. The DETECT^TM 1000’s superior image quality and intuitive user interface provides the most advanced platform with which to identify smaller and more advanced threats while improving operator efficiency and passenger experience. “As we recover from the pandemic and the return of air travel, we anticipate the DETECT^TM 1000 will assist Suvarnabhumi International Airport with providing increased checkpoint capacity and operator efficiencies”, said Jeffrey Hamel, President and CEO at IDSS.

Integrated Defense and Security Solutions is a small business which develops and manufactures security technology systems based in Boxborough, Massachusetts. The company was founded in 2012 by a team of security experts with the goal of developing security solutions to address current and future threats to aviation. Our first product, the DETECT™ 1000 has received certification by the Transportation Security Administration (TSA), and the European Civil Aviation Conference (ECAC) for explosives detection in carry-on baggage. While designed initially for explosives detection, the DETECT™ 1000 superior image quality and x-ray information has been leveraged for the Non-Intrusive Inspection (NII) of mail and parcels as well as cargo of all sizes. In December 2019, IDSS was recognized as the grand prize winner in the DHS Opioid Detection Challenge (www.opioiddetectionchallenge.com) for its algorithm development and rapid detection capability for identifying illicit opioids in international mail and packaging. This program brings the superior imaging and AI algorithms to scan complete skids for aviation and customs inspection. For more information, visit www.idsscorp.net.

Sissy Pressnell, IDSS
Phone: 202-365-2476
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Three Consecutive Quarters Cash Flow Positive

MIDLAND, Texas--(BUSINESS WIRE)--Ring Energy, Inc. (NYSE American: REI) (“Ring”) (“Company”) announced today financial results for the three months and six months ended June 30, 2020. For the three-month period ended June 30, 2020, the Company reported oil and gas revenues of $10,636,593. For the six months ended June 30, 2020, the Company reported oil and gas revenues of $50,206,921.

For the three months ended June 30, 2020, Ring reported a net loss of $135,000,066 or $1.99 per diluted share. For the six months ended June 30, 2020, the Company reported a net loss of $91,195,948 or $1.34 per diluted share.

For the three months ended June 30, 2020, the net income included a pre-tax unrealized loss on derivatives of $26,771,529, a pre-tax ceiling test impairment of $147,937,943 and a non-cash charge for stock-based compensation of $1,317,542. Excluding these items, the net income per diluted share would have been $0.02. For the six months ended June 30, 2020, the net income included a pre-tax unrealized gain on derivatives of $20,315,152, a pre-tax ceiling test impairment of $147,937,943 and a non-cash charge for stock-based compensation of $1,991,337. Excluding these items, the net income per diluted share would have been $0.14. The Company believes results excluding these items are more comparable to estimates provided by security analysts and, therefore, are useful in evaluating operational trends of the Company and its performance, compared to other similarly situated oil and gas producing companies.

For the three months ended June 30, 2020, oil sales volume was 429,751 barrels, and gas sales volume was 417,491 MCF (thousand cubic feet). On a barrel of oil equivalent (“BOE”) basis for the three months ended June 30, 2020, production sales were 499,333 BOEs. For the six months ended June 30, 2020, oil sales volume was 1,285,354 barrels, and gas sales volume was 1,183,042 MCF. On a BOE basis for the six months ended June 30, 2020, production sales were 1,482,528 BOEs.

The average commodity prices received by the Company were $24.23 per barrel of oil and $0.53 per MCF of natural gas for the quarter ended June 30, 2020. On a BOE basis for the three-month period ended June 30, 2020, the average price received was $21.30. The average prices received for the six months ended June 30, 2020 were $38.16 per barrel of oil and $0.98 per MCF of natural gas. On a BOE basis for the six month period ended June 30, 2020, the average price received was $33.86.

The average price differential the Company experienced from WTI pricing in the second quarter 2020 was approximately $2.50.

During May 2020, the Company unwound the costless collars for June 2020 and July 2020, resulting in the receipt of a cash payment of $5,435,136. Concurrently, the Company entered into Swap contracts at $33.24 for 5,500 barrels per day for June and July 2020, equal to the barrels for which the costless collars were unwound. Similar to costless collars, there is no cost to enter into the Swap contracts. On Swap contracts, there is no spread and payments will be made or received based on the difference between WTI and the Swap contract price. The costless collar and Swap pricing does not take into account any pricing differentials between NYMEX WTI pricing and the price received by the Company.

Lease operating expenses (“LOE”), including production taxes, for the three months ended June 30, 2020 were $15.03 per BOE. Depreciation, depletion and amortization costs, including accretion, were $15.16 per BOE, and general and administrative costs, which included a $1,317,542 charge for stock-based compensation and $292,207 for an operating lease expense, were $8.95 per BOE. For the six months ended June 30, 2020, lease operating expenses, including production taxes, were $13.33 per BOE. Depreciation, depletion and amortization costs, including accretion, were $14.49 per BOE, and general and administrative costs, which included a $1,991,337 charge for stock-based compensation and $581,258 for operating lease expenses, were $5.26 per BOE.

Cash provided by operating activities, before changes in working capital, for the three and six months ended June 30, 2020 was $9,668,873, or $0.14 per fully diluted share, and $33,614,062, or $0.49 per fully diluted share. Earnings before interest, taxes, depletion and other non-cash items (“Adjusted EBITDA”) for the three and six months ended June 30, 2020 were $13,732,830, or $0.20 per fully diluted share, and $41,737,429, or $0.61 per fully diluted share. (See accompanying table for a reconciliation of net income to adjusted EBITDA).

Total capital expenditures for the three and six months ended June 30, 2020 were approximately $1.8 million and $17.9 million.

On June 17, 2020, the Company announced it had completed the spring 2020 redetermination of its senior credit facility. The Company entered into a new amendment which reduced the immediate borrowing base from $425 million to $375 million. As of June 30, 2020, the outstanding balance on the Company’s $1 billion senior credit facility was $375 million. The weighted average interest rate on borrowings under the senior credit facility was 4.5%. The next redetermination evaluation is scheduled for November 2020.

The Company’s Chief Executive Officer, Mr. Kelly Hoffman, stated, “While volatility continued in the energy space in the second quarter, we began to see some improvement and stability in the commodity price itself. We had essentially shut-in all of our production and in early June began bringing the wells back on line. Currently we are producing approximately 9,000 net BOEs per day. With production curtailed in the 2^nd quarter, we made the necessary decisions to reduce costs and improve efficiencies wherever possible. Operationally, in combination with the revenue derived from the hedges we had in place, not only did we operate profitably, but we continued to be cash flow positive for the third consecutive quarter. In June, we completed the spring redetermination on the Company’s senior credit facility. The immediate borrowing base was reduced to $375 million and the current outstanding balance on our facility is $375 million. We will continue to operate within cash flow and pay down our debt through a combination of excess cash flow and strategic asset sales. Commodity prices are continuing to strengthen and the economy is showing signs of improvement. We are anxious to resume our drilling and development program once we see sustainable received prices in the low to mid $40’s per BOE. We are confident that Ring will continue to grow and prosper in this extremely challenging environment.”

About Ring Energy, Inc.

Ring Energy, Inc. is an oil and gas exploration, development and production company with current operations in Texas and New Mexico.

www.ringenergy.com

Safe Harbor Statement

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements involve a wide variety of risks and uncertainties, and include, without limitations, statements with respect to the Company’s strategy and prospects. Such statements are subject to certain risks and uncertainties which are disclosed in the Company’s reports filed with the SEC, including its Form 10-K for the fiscal year ended December 31, 2019, its Form 10Q for the quarter ended June 30, 2020 and its other filings with the SEC. Readers and investors are cautioned that the Company’s actual results may differ materially from those described in the forward-looking statements due to a number of factors, including, but not limited to, the Company’s ability to acquire productive oil and/or gas properties or to successfully drill and complete oil and/or gas wells on such properties, general economic conditions both domestically and abroad, and the conduct of business by the Company, and other factors that may be more fully described in additional documents set forth by the Company.

Bill Parsons
K M Financial, Inc.
(702) 489-4447

HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE: EPD) announced today it will host virtual investor meetings at the Goldman Sachs Power, Utilities, MLPs and Pipelines Virtual Conference on Tuesday, August 11, 2020; and the Citi One-on-One Midstream / Energy Infrastructure Virtual Conference on Wednesday, August 12 and Thursday, August 13, 2020.

A copy of the slides used in the meetings will be available on the Enterprise website at www.enterpriseproducts.com under the Investors tab.

Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Our services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and export and import terminals; crude oil gathering, transportation, storage and export and import terminals; petrochemical and refined products transportation, storage, export and import terminals and related services; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems. The partnership’s assets include approximately 50,000 miles of pipelines; 260 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity.

Randy Burkhalter, Investor Relations, (713) 381-6812 or (866) 230-0745
Rick Rainey, Media Relations, (713) 381-3635

Allowing time for underground utilities to be marked before digging reduces injury and loss of services

TAMPA, Fla.--(BUSINESS WIRE)--Because tomorrow, Aug. 11, is dubbed 811 Day, it serves as a reminder for Florida residents and excavators to call 811 two business days before beginning digging to have underground utilities marked. All digging projects – from DIY tasks such as landscaping or installing a mailbox to larger projects requiring excavation equipment – require a call to 811.

Peoples Gas reminds Floridians that the underground network of utility wires, cables and pipelines is often closer to the surface than one might think. Striking one of these underground utility lines while digging could cause the loss of natural gas, electric, water or communications and cable services, injury to the person digging or others, and potentially result in fines and repair costs.

“It’s not just a coincidence that we mark August 11 as a day to emphasize safe digging,” said Luke Buzard, vice president of Pipeline Safety and Regulatory Affairs for Peoples Gas. “Most damage to underground utility lines occurs during summer months, with the highest percentage in August.”

While most digging projects are preplanned and easily allow time to call 811 two business days before starting, some digging work may be unexpected. After severe weather, homeowners are often faced with downed fences and uprooted trees. As part of their post-storm recovery plan, residents should plan to call 811 before removing trees and tree stumps or resetting fences. Don’t run the risk of losing essential services by not having underground utilities marked.

Gov. Ron DeSantis signed a revised law into effect on July 1 that is expected to increase safety in Florida’s communities by strengthening “Call 811 before you dig” enforcement and accountability across the state. Residents and excavators could see increased penalties for damaged underground utilities and violations of the law. Penalties may apply when, for example, homeowners or excavators dig without calling 811, ignore the 24-inch tolerance zone, continue digging after damage has occurred, or remove any permanent utility markers required by law.

In addition to the increased penalties, the bill also expands enforcement authority to the state fire marshal and local fire chiefs, and it calls for fines to fund firefighter equipment and damage-prevention education.

One free, simple phone call to 811 or visit to sunshine811.com makes it easy for Sunshine 811 to notify all appropriate utility companies of upcoming digging projects. Sunshine 811 is a non-profit corporation funded by underground utility owners and operators. The organization began in 1993 with the adoption of the Underground Facility Damage Prevention and Safety Act.

Here are some tips to remember:

• Residents and excavators should call 811 at least two full business days before digging to give utility companies enough time to properly mark their lines. The location and a description of the digging project is required.

• Sunshine 811 notifies affected utility companies, who then send a professional locator to mark the approximate location of underground equipment for free.

• Check the Sunshine 811 Positive Response link at sunshine811.com and, once all utilities have responded, dig carefully within 24 inches of any marks in your project area.

• Even if you are not digging, remember to leave any markers – paint or flags – in place. They are a sign of work that may be coming soon to your area by a utility or contractor.

Visit sunshine811.com and peoplesgas.com for more information about safe digging.

Peoples Gas System, Florida’s largest natural gas distribution utility, serves more than 400,000 customers across the state. Peoples Gas is a subsidiary of Emera Inc., a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, Canada.

Sylvia Vega, 813.228.4381

~First Company in ASIA PACIFIC to Supply 1.5M Smart Meters~

JAIPUR, India--(BUSINESS WIRE)--#COVID19--Genus Power Infrastructures Ltd (Genus Power), the country’s largest electricity metering solutions provider, becomes the first company in Asia Pacific to achieve the milestone of supplying 1.5M Smart Meters to EESL (Energy Efficiency Services Ltd), bearing a testimony of the manufacturing capability of an Indian company for such an advanced meter amid global competition.

Genus Power is the largest supplier of Smart Meters in India and is currently executing a big contract for EESL. EESL plays a vital role in implementing India’s ambitious plan of rolling out 240 million Smart Meters in the next 3 years as planned by the Ministry of Power, Government of India.

Excited with this achievement, Jitendra K Agarwal, Jt Managing Director, Genus Power said, “As a leader in the Smart Metering industry, we are proud to be the first in India to achieve this figure. The Smart Meters commissioned in various states have played an important role during the COVID 19 pandemic. The nationwide lockdown and social distancing prohibited DISCOMs from physically taking the monthly meter readings. All states where Genus Power Smart Meters were installed have been able to take readings remotely that resulted in bill generation & collection, helping DISCOMs to sustain their operations.”

Mr Saurabh Kumar, Managing Director, EESL said, “Smart Meters offer numerous benefits to DISCOMs as well as consumers. They also have the potential to make the power sector increasingly resilient, transparent, digitized, and accountable. A seamless and consumer-focused energy ecosystem is the way forward and thus we must encourage the adoption of smart meters across the country.”

Riding on its large installed base of more than 60 million electricity meters and domain expertise, Genus Power has embarked on an ambitious programme on Smart Metering in line with the Smart Grid vision of the Government of India. The company is currently exporting its products to Middle East, Africa and Asia Pacific regions.

About Genus Power Infrastructures Limited

Genus Power is a leading player in the power infrastructure space and is listed in major stock exchanges of India. The company with an annual production capacity of 10 Million Meters has its own in-house world class R&D, tool room, advanced software, and state of the art infrastructure at multiple locations. This enables Genus to present itself as an ideal OEM manufacturing partner and cater to the local & global demand of exceptional customization. Read More

For more information, please visit: www.genus.in

Contact – Mr. R Viswanathan ( This email address is being protected from spambots. You need JavaScript enabled to view it. )

Ian Carr Elected as Corporate Vice President and Appointed as President of ExxonMobil Fuels & Lubricants Company

IRVING, Texas--(BUSINESS WIRE)--Bryan Milton, president of ExxonMobil Fuels & Lubricants, has announced his retirement, effective September 1, 2020. Exxon Mobil Corporation’s (NYSE:XOM) board of directors has appointed Ian Carr as president of ExxonMobil Fuels & Lubricants Company and elected him as vice president of Exxon Mobil Corporation.

“We thank Bryan for his 34 years of dedicated service, most recently as the president of Fuels & Lubricants,” said Jack Williams, senior vice president of ExxonMobil. “In 2018, he played a leading role in the effort to combine the company’s refining and marketing operations to better respond to the needs of our customers and compete more effectively across the entire value chain.”

Milton joined Exxon in 1986 at Fawley in the United Kingdom, where he worked in various plant and engineering roles, including assignments as operations manager and plant manager. He also spent time in upstream natural gas commercial sales and held various leadership positions within ExxonMobil Chemical Company in Houston.

In 2008, Milton was assigned as executive assistant to the chairman and chief executive officer of Exxon Mobil Corporation. In 2009, he was appointed vice president of Basic Chemicals for ExxonMobil Chemical Company and in 2011 was appointed president of ExxonMobil Global Services Company. Milton has served as president of ExxonMobil Fuels & Lubricants since 2016.

Ian Carr joined Exxon in 1984 at Fawley and has held numerous positions in the U.K., Belgium, Saudi Arabia, and the United States, where he most recently served as senior vice president of Fuels.

Carr’s early career included several management roles in the fuels, refining, natural gas, and supply businesses. In 2002, he was appointed corporate Downstream advisor, and went on to serve as vice president of industrial and wholesale fuels, before becoming manager of the Antwerp refinery in 2009. He took on the roles of vice president of Downstream business development in 2012, and vice president of strategy and planning for the Refining and Supply Company in 2014. Carr was appointed vice president of Upstream strategic planning in 2017.

Carr holds a bachelor’s degree in Chemistry from Leeds University.

About ExxonMobil

ExxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world. To learn more, visit exxonmobil.com and the Energy Factor.

Follow us on Twitter and LinkedIn.

Media Relations
972-940-6007

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Last Friday, Eagle LNG Partners (Eagle LNG) celebrated the 100^th bunkering event of liquefied natural gas (LNG) from its Talleyrand LNG Bunker Station, located at Jacksonville Port Authority (JAXPORT), with Crowley Maritime (Crowley). Eagle LNG is proud of this accomplishment having delivered on its weekly LNG bunkering commitment regardless of COVID-19 constraints or shipping challenges.

“Since March, our operations staff have continued working with Crowley’s ship management teams to maintain safe bunkering of their ships, MV Taíno and MV El Coquí, while adhering to public health guidelines. This is a testament to the operating procedures we developed together in the spirit of partnership to keep cargo moving,” reports Sean Lalani, president of Eagle LNG. With multiple layers of safety and environmental precautions in place, we have safely surpassed 100 bunkering events. Eagle LNG is proud of the safety practices jointly created with the U.S. Coast Guard Sector Jacksonville, the Jacksonville Fire and Rescue Department, Crowley and JAXPORT – practices that are now a standard for others in the LNG industry. LNG has been shown to be both safe and reliable, in addition to being the best fuel solution to deliver environmental performance and cost savings. We look forward to serving the maritime industry throughout the country with clean burning, low-cost, U.S. LNG and bringing these remarkable benefits to countries in the Caribbean basin.”

Eagle LNG Talleyrand, which provides safe and reliable on-site storage for over 500,000 gallons of LNG, has successfully delivered over 30 million gallons or almost 50,000 metric tons over the last 100 bunkering activities to these first-in-class ships. The facility is the first of its kind in North America to provide shoreside storage and bunkering equipment to deliver the cleaner energy source for the Commitment Class, combination container/roll-on roll-off (ConRo) ships, which provide ocean transportation of dry, refrigerated and vehicle cargoes under the Jones Act.

With Eagle LNG’s proximal location to the Caribbean basin and those countries increasing use of LNG for power generation, together with one of our production locations in the Southeastern U.S. meeting a growing demand for LNG as a transportation fuel, and with our many strategic partnerships, Eagle LNG continues to create new U.S. trade opportunities adding jobs and stimulating economic development for Northeast Florida and the surrounding region, as well as spurring economic activity and jobs throughout the Caribbean basin.

Eagle LNG’s Maxville LNG Facility, located about 20 miles west of downtown Jacksonville, offers 1 million LNG-gallons of storage for daily transfers by truck to Talleyrand assuring Crowley’s weekly fuel supply. Eagle LNG is also supplying LNG to ISO tank containers for distribution into the Caribbean for power and industrial users.

“This milestone represents the result of collaboration, hard work and dedication to safety and reliability of our mariners, the men and women of Crowley, Eagle LNG, VT Halter Marine, U.S. Coast Guard, JAXPORT and the Jacksonville Fire and Rescue Department,” said Crowley Vice President Cole Cosgrove, head of the global ship management group. “We committed ourselves to ensuring these ships and our communities can leverage the benefits of cleaner energy and maximize service to our customers and partners. The achievement today signifies the ongoing commitment to long-term, environmentally sustainable ocean shipping between the U.S. mainland and Puerto Rico.”

It is important to recognize that JAXPORT, more than a decade ago, began exploring LNG bunkering for the U.S. East Coast. JAXPORT has always been welcoming of bunkering innovations and now receives inquiries from Ports and shippers around the globe asking them to share their success story. By being amongst the first to work with LNG providers, shippers and others for the future of this environmentally friendly fuel that meets International Maritime Organization (IMO) 2020 standards to reduce marine emissions in international waters, JAXPORT today is recognized as a worldwide leader in provisioning ships powered by LNG.

“With more than a billion dollars in LNG investments in the Northeast Florida region, JAXPORT partners are pioneers in the use of LNG as a clean fuel and a cargo type,” said JAXPORT CEO Eric Green. “As the use of LNG expands globally, our community continues to benefit from the environmental advantages, new business, jobs and other opportunities that come with being a global leader in the clean fuel revolution.”

Eagle LNG is also moving forward on a new larger, on-water liquefaction plant and terminal in Jacksonville, the Jacksonville LNG Export Facility, capable of producing 1.0 MTPA with 45,000 m3 or almost 12 million gallons of storage. “With an additional investment of ~$500 million to build the new export facility plus other planned expansions across the U.S. and in the Caribbean basin, Eagle LNG is committed to meeting the demand for small-scale LNG in the region plus the ever increasing domestic need for fuel-grade LNG,” reports Lalani.

About Eagle LNG Partners

Eagle LNG is a privately held and operated portfolio company of The Energy & Minerals Group. Eagle LNG provides affordable, efficient and clean burning energy. It develops small-scale LNG fueling solutions for marine industries as well as power generation in the Caribbean and Latin America. Eagle LNG is based in Houston, Texas.

For additional information, please visit www.eaglelng.com.

About The Energy & Minerals Group (EMG)

EMG is the management company for a series of specialized private equity funds. EMG focuses on investing across various facets of the global natural resource industry, including the upstream and midstream segments of the energy complex. EMG has approximately $10 billion of regulatory assets under management. EMG targets equity investments of $150 million to $1,000 million in the energy and minerals sectors focused on hard assets that are integral to existing and growing markets.

For additional information, please visit www.emgtx.com.

Linda Berndt
Vice President, Communications
Eagle LNG Partners LLC
(214) 864-1886
This email address is being protected from spambots. You need JavaScript enabled to view it.

HANGZHOU, China--(BUSINESS WIRE)--Total (China) Investment (the Company) has signed a Memorandum of Understanding (MoU) in order to pursue strategic collaboration with Alibaba Group (“Alibaba”) (NYSE: BABA; SEHK: 9988) and leverage their respective resources to drive the digital transformation of the Company’s operations in China.

Under the MoU, the two companies will develop in-depth collaboration based on the Alibaba Business Operating System (ABOS). Total (China) Investment will utilize Alibaba’s leading digital capabilities and technology across e-commerce, online payments, local services, supply chain, big data, and organizational management. The partnership will provide digital infrastructure and support for TOTAL’s service stations, lubricants and special fluids businesses in China, helping the company to enhance the accessibility and flexibility of its product offerings and services, accelerate its branded retail and outlet footprint and drive sustainable growth opportunities.

Total has been present in China for almost 40 years. This collaboration signifies that Total has become the first international energy company to leverage Alibaba ABOS, setting a digital transformation benchmark in the energy industry.

“Digital technology is a critical driver for achieving our excellence objectives across all of Total’s business segments. Total Group’s ambition is to generate as much as $1.5 billion in value per year for the company by 2025 through digital transformation initiatives,” said Ian Lepetit, President of Total (China) Investment. “China has a world-leading environment for digital innovation and a fertile ground for making it a reality. We hope the partnership will not only improve our business in this country but also create a best practice that we can roll out to Total Group’s overseas business, delivering better products, services and better customer experiences to more than 8 million customers everyday worldwide.”

“As one of the foremost players in the global energy industry, Total is renowned for an excellent lineup of products and services,” said Jet Jing, Vice President of Alibaba Group. “It is a privilege to work together and leverage the Alibaba Business Operating System to accelerate Total’s digital transformation, particularly in the areas of product innovations, customer acquisition, order fulfilment and organizational development. We believe the ABOS will support Total to establish a data-technology-driven and customer-centric operating system. Thriving on Alibaba’s integrated platforms and customer touch points, the ABOS will also facilitate Total to serve more customers, serve each customer to the fullest and provide better customer experience at a lower cost and in a more efficient manner.”

The partnership will cover Total (China) Investment’s major business activities (including service stations, lubricants business and car care business) and cooperate with more than 10 business units in the Alibaba Digital Economy. Total will have a cross-platform consumer-facing storefront, which will be launched to the market soon. Customers will be able to enjoy a seamless online-to-offline experience for TOTAL’s products and services on various popular apps, such as Taobao, Tmall, Alipay, Eleme and Amap, at anytime and anywhere.

Total has long been pursuing digital transformation. As part of an effort to efficiently implement its digital strategy, Total has adjusted its enterprise organizational structure, establishing the new role of Chief Digital Officer and appointing digital officers to its business segments.

About Alibaba Group

Alibaba Group’s mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba and that it will be a good company that lasts for 102 years.

About Total in China

Total has been present in China for almost 40 years. The Group was the first international energy company to enter China’s offshore oil and gas exploration and refining business.

With a team of more than 4,000 employees the company is actively present across the entire value chain of China’s energy industry, including Exploration & Production, Gas, Renewables & Power, Refining & Chemicals, and Marketing & Services activities. Total is constantly developing new business opportunities with Chinese partners both in China and globally.

About Total

Total is a broad energy Group, which produces and markets fuels, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.

Johnny Tao
Total China
Tel: 010-85905613
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Alex Liu
Alibaba Group
Tel: 18301299663
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Jenny Hsu
Alibaba Group
Tel: +86 17857411742
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) announced today that Danilo Juvane has been named vice president of Investor Relations, effective Sept. 1, 2020. Juvane will be responsible for enhancing Williams’ strategies of engagement with key investment stakeholders, with an overall goal of attracting and retaining long-term shareholders. In addition, he will lead day-to-day interactions with the investor community and the business analysts who cover Williams. Juvane will report to Williams’ Chief Financial Officer John Chandler.

“As a highly respected analyst in our sector, Danilo brings deep financial and strategic analytical skills as well as extensive understanding of the midstream market to the role,” said Chandler. “His reputation for proactive relationship-building and stakeholder communications will be a great asset as we work to strengthen our investment community outreach and highlight the attractive stability and sustainable growth Williams delivers to its investors over the long-term.”

Prior to being named vice president of Investor Relations for Williams, Juvane served as a Midstream Equity Research Analyst for BMO Capital Markets in Houston, where he led the equity research platform covering U.S. midstream C-corps and MLPs, including Williams. He brings more than 20 years of experience in the financial markets, with extensive knowledge of the energy sector and global equity markets. He was ranked #2 Stock Picker within the Oil, Gas and Consumable Fuels Category in Starmine’s 2019 U.S. Analyst Awards and was recognized as a “Rising Star” by Institutional Investor in 2016, 2017 and 2018. Juvane earned his Master of Business Administration with a concentration in Finance from The University of Texas at Austin and a Bachelor of Arts in Economics from Grinnell College.

About Williams
Williams (NYSE: WMB) is committed to being the leader in providing infrastructure that safely delivers natural gas products to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation and storage of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines system wide – including Transco, the nation’s largest volume and fastest growing pipeline – and handles approximately 30 percent of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use. www.williams.com

Portions of this document may constitute “forward-looking statements” as defined by federal law. Although the company believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the “safe harbor” protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in the company’s annual and quarterly reports filed with the Securities and Exchange Commission.

MEDIA:
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INVESTOR CONTACTS:
Brett Krieg
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Grace Scott
(918) 573-1092

LONDON--(BUSINESS WIRE)--#GlobalPipelineStrainerMarket--Technavio has been monitoring the pipeline strainer market and it is poised to grow by USD 550.69 million during 2020-2024, progressing at a CAGR of almost 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions:

• What is the year-over-year growth of the pipeline strainer market in 2020?
  As per Technavio, the year-over-year growth of the market in 2020 is estimated to be 2.54%.
• Based on segmentation by application, which is the leading segment in the market?
  Industrial application.
• At what rate is the market projected to grow?
  The market is projected to grow at a CAGR of almost 3% during 2020-2024.
• Who are the top players in the market?
  Armstrong International Inc., Eaton Corp. Plc, Hayward Industries Inc., IFC Islip Flow Controls Inc., Keckley Co., OCK Engineers, Parker-Hannifin Corp., Sri Venkat Engineers, Watts Water Technologies Inc., and Weamco Inc. are the top players in the market.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Armstrong International Inc., Eaton Corp. Plc, Hayward Industries Inc., IFC Islip Flow Controls Inc., Keckley Co., OCK Engineers, Parker-Hannifin Corp., Sri Venkat Engineers, Watts Water Technologies Inc., and Weamco Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

The adoption of automatic strainers has been instrumental in driving the growth of the market. However, vulnerability to erosion and corrosion might hamper market growth.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Pipeline Strainer Market 2020-2024: Segmentation

Pipeline Strainer Market is segmented as below:

• Application
  • Industrial
  • Commercial
  • Residential
• Geographic Landscape
  • APAC
  • Europe
  • MEA
  • North America
  • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40171

Pipeline Strainer Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The pipeline strainer market report covers the following areas:

• Pipeline Strainer Market Size
• Pipeline Strainer Market Trends
• Pipeline Strainer Market Industry Analysis

This study identifies the emergence of IoT for pipeline management as one of the prime reasons driving the pipeline strainer market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Pipeline Strainer Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist pipeline strainer market growth during the next five years
• Estimation of the pipeline strainer market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the pipeline strainer market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of pipeline strainer market, vendors

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

• 2.1 Preface
• 2.2 Preface
• 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Market segmentation analysis
• Value chain analysis

PART 04: MARKET SIZING

• Market definition
• Market sizing 2019
• Market outlook
• Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

• Market segmentation by application
• Comparison by application
• Industrial - Market size and forecast 2019-2024
• Commercial - Market size and forecast 2019-2024
• Residential - Market size and forecast 2019-2024
• Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 11: MARKET TRENDS

• Increasing traction of additive manufacturing
• Use of advanced materials for strainer manufacturing
• Emergence of IoT for pipeline management

PART 12: VENDOR LANDSCAPE

• Overview
• Landscape disruption
• Competitive scenario

PART 13: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Armstrong International Inc.
• Eaton Corp. Plc
• Hayward Industries Inc.
• IFC Islip Flow Controls Inc.
• Keckley Co.
• OCK Engineers
• Parker-Hannifin Corp.
• Sri Venkat Engineers
• Watts Water Technologies Inc.
• Weamco Inc.

PART 14: APPENDIX

• Research methodology
• List of abbreviations
• Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Website: www.technavio.com/

MADISON, Wis.--(BUSINESS WIRE)--MGE Energy, Inc. (Nasdaq: MGEE) issued its second-quarter 2020 financial update presentation.

The update is available on MGE Energy's website at:

https://www.mgeenergy.com/financialupdate

About MGE Energy

MGE Energy is a public utility holding company. Its principal subsidiary, Madison Gas and Electric, generates and distributes electricity to 155,000 customers in Dane County, Wis., and purchases and distributes natural gas to 163,000 customers in seven south-central and western Wisconsin counties. MGE's roots in the Madison area date back more than 150 years.

Investor relations contact
Ken Frassetto
Director - Shareholder Services and Treasury Management
608-252-4723 | This email address is being protected from spambots. You need JavaScript enabled to view it.

Alliance provides integrated, open architecture software to maximize asset potential

HOUSTON--(BUSINESS WIRE)--Halliburton (NYSE: HAL) and Honeywell (NYSE: HON) today announced a collaboration to maximize asset potential, reduce execution risk and lower the total cost of ownership for oil and gas operators. The collaboration will leverage Halliburton Landmark’s DecisionSpace^® 365 E&P cloud applications and Honeywell Forge, a powerful industrial analytics software solution, to deliver unparalleled insights about oil and gas assets.

Together, the companies bring deep domain expertise in subsurface and surface operations with the latest digital innovations to help operators address operational efficiency, asset productivity and risk across their business. Benefits include:

• Maximize asset value by creating a digital twin on an integrated and open architecture that connects and models the supply chain from reservoir to point of sale.
• Increase production, minimize OPEX/CAPEX and reduce operational risk by streamlining processes from downhole to surface controls, including digital solutions for improved subsurface insight.
• Optimization of total asset and enterprise performance using real-time monitoring and remote operations.

“We look forward to working with Honeywell to co-innovate and deliver unique digital solutions for our customers that increase asset productivity and lower operating costs,” said Jeff Miller, chairman, president and chief executive officer of Halliburton. “Our alliance will help operators integrate people, processes and technology across the E&P value chain to maximize asset potential.”

“The Honeywell and Halliburton collaboration enables our oil and gas customers to make more informed, data-driven decisions from the field to the board room,” said Darius Adamczyk, chairman and chief executive officer of Honeywell. “Our customers will gain increased visibility into their operations so that they can improve productivity, reduce costs and enhance worker safety.”

About Halliburton

Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. With approximately 40,000 employees, representing 140 nationalities in more than 80 countries, the company helps its customers maximize value throughout the lifecycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the asset. Visit the company’s website at www.halliburton.com. Connect with Halliburton on Facebook, Twitter, LinkedIn, Instagram and YouTube.

About Honeywell

Honeywell (www.honeywell.com) is a Fortune 100 technology company that delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.

For Halliburton

Investors:
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Halliburton, Investor Relations
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281-871-2633

Media:
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Halliburton, External Affairs
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For Honeywell

Mark Bendza
Honeywell, Investor Relations
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704-627-6190

Blake Herbert
Honeywell, External Communications
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803-835-8230

New paper concludes scalability rests on modular, robust software infrastructure

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Guidehouse Insights, formerly known as Navigant Research, has released the whitepaper, "Opening the Door to New VPP Opportunities," which outlines the importance and key ingredients of scaling up Virtual Power Plants (VPPs).

Guidehouse writes “while VPPs were considered an experiment a decade ago, the technology has emerged as a vital opportunity for leveraging DER assets to stack compelling use cases in key markets around the world. Leading software providers can now stand up commercially viable platforms that have become a necessity in regions of the world experiencing massive growth in DER, accelerating a dynamic vision for the future of infrastructure.”

“As the VPP market matures beyond pilot programs and R&D experiments,” the paper asserts “scalability is the crucial component for market success.” These 10 steps required to deliver a scalable VPP solution are outlined:

1. Fully Automated Onboarding of Broadest Asset Types
2. Remote Monitoring and Situational Awareness
3. AI Techniques for Continuous Learning and Forecasts
4. Optimized Dispatch and Controls for Precise Delivery
5. Software Is the Core of Any VPP
6. Modular Architectures for Plug-and-Play VPPs
7. Cybersecurity Is Paramount
8. Platform First Approach Offers Economies of Scale
9. Scalability Is Paramount
10. Business Models that Enable Aggregation

“The scaling up of VPPs is critical as growth in DER expands globally,” said Peter Asmus, a research director at Guidehouse Insights. “The ten steps outlined in this white paper reflect lessons learned by AutoGrid, but which are of deep value across the entire VPP ecosystem of solution providers.”

“Guidehouse has provided valuable information for accelerating the Energy Cloud transformation, and AutoGrid was glad to be able to participate in the creation of this paper,” said Rahul Kar, General Manager of New Energy for AutoGrid. “The information shared puts the industry as a whole in a better position to take advantage of the massive proliferation of distributed energy and VPPs happening across the globe.”

To learn more about the process of scaling up VPPs for new energy solutions and to access the full Guidehouse Insights paper, “Opening the Door to New VPP Opportunities,” visit: https://www.auto-grid.com/resources/#whitepapers.

About AutoGrid:

AutoGrid builds enterprise software that enables a smarter distributed energy world. The company’s suite of flexibility management applications allows utilities, electricity retailers, renewable energy project developers and energy service providers to deliver clean, affordable and reliable energy by managing networked distributed energy resources (DERs) in real time, at scale through different value streams. AutoGrid has contracted more than 5,000 megawatts of DERs and works with more than 50 leading energy companies around the world, including Schneider Electric, CLP, Shell, CPS Energy, Eneres and Total.

Media:
Leo Traub
Antenna Group for AutoGrid
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

DUBLIN--(BUSINESS WIRE)--The "South Africa Solar Power Market Outlook to 2025" report has been added to ResearchAndMarkets.com's offering.

In the last decade, solar power capacity has grown tremendously to become the fastest-growing source of renewable energy in the world. However, in 2019, around 109 GW of new solar PV capacity was added worldwide, about the same as in 2018. The rapid installations were primarily due to policy support and a sharp decline in technology costs and growing environmental concerns.

However, with the economic downturn induced by the outbreak of Covid-19, demand from the residential PV segment will be severely affected due to the financial uncertainty faced by the customers. Commercial and industrial installations are expected to be negatively affected as discretionary spending will be delayed, and preserving short-term cash flow will become a priority. Further, in the utility segment, supply chain disruptions and weaker investment will lead to delays in project commissioning.

According to this report, despite the slowdown expected in 2020 due to the coronavirus pandemic's challenges, the outlook for solar remains strong in the medium term, and the market is expected to expand during the forecast period as the cost of generation from solar PV is increasingly becoming cheaper than its alternatives.

The South Africa Solar Power Market Outlook report provides a comprehensive analysis on the historical development, the current state of solar power installation scenario, and its outlook. Most of the insights in the report are derived from proprietary databases, and offerings. The insights include but are not limited to the market data, installation data and capacity additions data, policies and regulations, project data, company profiles, and competitive landscape analysis.

The report covers market dynamics, growth potential of the photovoltaic (PV) and concentrated solar power (CSP) markets, economic trends, and investment and financing scenario in South Africa. Furthermore, the report looks at the current state and assesses the potential of residential, non-residential, and utility-scale solar PV deployment.

Special attention is given to depicting the impact of the ongoing COVID-19 pandemic, national solar PV production/manufacturing scenario, and the country's imports and exports.

Key Topics Covered:

1. Executive Summary

2. Research Scope and Methodology

3. Market Analysis

3.1 Introduction

3.2 Market Dynamics

3.2.1. Drivers

3.2.2 Restraints

3.3 Market Trends & Developments

3.4 Analysis of Covid-19 Impact

3.5 Market Opportunities

3.6 Key Projects

3.7 Government Policies and Regulations

4. Market Outlook

4.1 Annual Solar Power Installed Capacity, 2001-2025, in GW

4.2 Cumulative Solar Power Installed Capacity Forecast, 2001-2025, in GW

5. Business Activity Analysis

5.1 Supply Chain Analysis

5.2 PESTLE Analysis

6. Market Segmentation & Analysis

6.1 By Technology

6.1.1 Photovoltaic (PV)

6.1.2 Concentrated Solar Power (CSP)

6.2 PV Deployment by Segment

6.2.1 Residential

6.2.2 Non-Residential

6.2.3 Utility

7. Competitive Landscape

7.1 List of Notable Players in the Market

7.2 M&A, JVs, Partnerships and Agreements

7.3 Strategies of Key Players

8. Key Company Profiles

9. Conclusions and Recommendations

Companies Mentioned

• JinkoSolar Holding Co. Ltd.
• JA Solar Holdings
• Trina Solar Limited
• LONGi Solar
• Canadian Solar Inc
• Hanwha Q Cells Co.Ltd.
• Risen Energy
• GCL System Integration Technology
• First Solar Inc.

For more information about this report visit https://www.researchandmarkets.com/r/18g2iq

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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• SPIC to acquire 33% of GNA I and GNA II 3 GW LNG-to-power projects
• Enter agreement to participate in future expansion projects GNA III and GNA IV as part of overall 6.4 GW power and domestic gas hub strategy at Port of Açu

RIO DE JANEIRO--(BUSINESS WIRE)--Prumo, a private Brazilian company controlled by EIG Global Energy Partners, bp and Siemens signed a binding agreement with SPIC Brasil. Under the agreement, SPIC will initially acquire 33% of the GNA I and GNA II LNG-to-power projects, located in Port of Açu, Rio de Janeiro. SPIC has also entered into an agreement to participate in the future expansion projects GNA III and GNA IV, which are expected to be fueled by a combination of LNG and domestic gas from Brazil’s vast pre-salt reserves.

The closing of the agreement, scheduled for the fourth quarter of 2020, is subject to the fulfillment of certain conditions precedent usual to this type of transaction, among others.

GNA I and GNA II is the largest gas-to-power project in Latin America, with 3 GW of installed capacity — enough to supply energy for up to 14 million households. The complex also includes an LNG terminal with a total capacity of 21 million m³/ day. GNA I, which has an installed capacity of 1.3 GW, is expected to commence operations in the first half of 2021. The agreement improves the potential for expansion projects GNA III and GNA IV, the domestic gas hub strategy and renewables projects. The estimated total planned investment in the GNA gas and power complex is approximately US$ 5 billion.

SPIC Brasil's contribution to this partnership is centered on its expertise in operation and project management strategy in Brazil. Siemens – via its financing arm, Siemens Financial Services, and in close cooperation with Siemens Energy – will contribute capital, innovative technology and its expertise managing similar projects. In addition, bp will contribute its global portfolio of LNG acting as a key integrated and innovative gas supplier and Prumo contributes the entire port infrastructure, operations, project development and integration. The partnership facilitates the expansion of a range of projects and demonstrates a commitment to completing the investments that are under development.

BofA Securities and Lakeshore Partners acted as financial advisors of GNA and its sponsors. Itaú BBA acted as exclusive financial advisor of SPIC. Mattos Filho acted as legal advisors of GNA and its sponsors. Trench Rossi Watanabe acted as legal advisors of SPIC.

Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. The company is active around the globe, focusing on the areas of power generation and distribution, intelligent infrastructure for buildings and distributed energy systems, and automation and digitalization in the process and manufacturing industries. Through the separately managed company Siemens Mobility, a leading supplier of smart mobility solutions for rail and road transport, Siemens is shaping the world market for passenger and freight services. Due to its majority stakes in the publicly listed companies Siemens Healthineers AG and Siemens Gamesa Renewable Energy, Siemens is also a world-leading supplier of medical technology and digital healthcare services as well as environmentally friendly solutions for onshore and offshore wind power generation. In fiscal 2019, which ended on September 30, 2019, Siemens generated revenue of €86.8 billion and net income of €5.6 billion. At the end of September 2019, the company had around 385,000 employees worldwide. Further information is available on the Internet at www.siemens.com.

Siemens Financial Services (SFS) – the financing arm of Siemens – provides business-to-business financial solutions. A unique combination of financial expertise, risk management and industry know-how enable SFS to create tailored innovative financial solutions. With these, SFS facilitates growth, creates value, enhances competitiveness and helps customers access new technologies. SFS supports investments with equipment financing and leasing, corporate lending, equity investments and project and structured financing. Trade and receivable financing solutions complete the SFS portfolio. With an international network, SFS is well adapted to country-specific legal requirements and able to provide financial solutions globally. Within Siemens, SFS is an expert adviser for financial risks. Siemens Financial Services has its global headquarters in Munich, Germany, and has almost 3,000 employees worldwide. www.siemens.com/finance.

SPIC Brasil, owned subsidiary of State Power Investment Corporation (SPIC), a global energy generator and related projects company. In Brazil, this is translated into the union between the expertise and financial strength of a large Chinese group and the Australian pioneering over 20 years of experience in renewable energy. Currently, SPIC Brasil operates the São Simão Hydroelectric Power Plant, on the border between the states of Minas Gerais and Goiás, the Millennium Wind Farm and the Vale dos Ventos Wind Farm in Paraíba State. In Brazil, the company has about 160 employees, located in São Paulo (SP), Natal (RN), São Simão (GO) and Mataraca (PB). SPIC Global has a total installed capacity of 151 GW. It has over 130,000 employees in the 64 countries in which it operates.

Prumo is the multi-business economic group responsible for the strategic development of the Port of Açu. We are controlled by EIG Global Energy Partners, a US-based fund focused on energy and infrastructure, and by Mubadala Investment Company, an active and innovative investor that allocates capital in a variety of segments.

Through the Group’s 6 companies (Porto do Açu Operações, Ferroport, Açu Petróleo, GNA, Dome and BP Prumo) and our clients and partners, the Port of Açu serves the oil & gas, port logistics and mining segments. Its infrastructure has unique potential to support new businesses and several industrial niches.

Guided by Prumo’s strategic perspective, Açu is now one of the largest and most promising enterprises in Brazil. With operational safety and efficiency combined with the strength of the Group’s long-term vision and the proximity to the main oil exploration basins, Açu is consolidating into the best solution for the most challenging demands.

bp is an integrated energy business with operations in Europe, North and South America, Australasia, Asia and Africa. We operate in 79 countries. With over 100 years of experience steeped in the world of energy, we understand energy markets deeply, and have developed unique capabilities in trading, marketing, technology and innovation. bp’s new purpose is reimagining energy for people and our planet– for bp to become a net zero company by 2050 or sooner, and to help the world get to net zero.

EIG Global Energy Partners (“EIG”), is a leading institutional investor to the global energy sector with $22.9 billion under management as of June 30, 2020. EIG specializes in private investments in energy and energy-related infrastructure on a global basis. During its 38-year history, EIG has committed over $34.2 billion to the energy sector through more than 360 projects or companies in 36 countries on six continents. EIG’s clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and Europe. EIG is headquartered in Washington, D.C. with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul. For additional information, please visit EIG’s website at www.eigpartners.com.

Press
Siemens
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Prumo
Thaina Halac: +55 (21) 3114-0779 - This email address is being protected from spambots. You need JavaScript enabled to view it.

SPIC
PUBLICIS CONSULTANTS
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EIG
Sard Verbinnen & Co.
Kelly Kimberly/Brandon Messina: +1 212 687 8080

LONDON--(BUSINESS WIRE)--#oilfieldservicesmarket--The global oilfield services market is poised to experience spend growth of more than USD 35 billion between 2020-2024 at a CAGR of over 4.66%. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic.

Have a question for our procurement intelligence experts? Get in touch with us

SpendEdge's reports now include an in-depth complimentary analysis of the COVID-19 impact on procurement and the latest market data to help your company overcome sourcing challenges. Our oilfield services market procurement intelligence report offers actionable procurement intelligence insights, sourcing strategies, and action plans to mitigate risks arising out of the current pandemic situation. The report provides a complete drill-down on oilfield services spend outlook at a global as well as regional level. Current spend scenario, growth outlook, incremental spend and other key information is available individually for North America, South America, Europe, Middle East and Africa, and APAC.

Report scope snapshot: Oilfield Services Market

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• Regional influence on global spend

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Our procurement market intelligence coverage extends across critical processes of sourcing strategy planning process and helps clients achieve more than mere monetary savings. Our procurement insights are well-defined to meet the information needs of the procurement organizations and are aimed at helping category managers extract hidden values out of sourcing teams, suppliers, contracts, and processes.

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HOUSTON--(BUSINESS WIRE)--Calpine Corporation today announced the closing of $650,000,000 in aggregate principal amount of its 4.625% Senior Notes due 2029 and $850,000,000 in aggregate principal amount of its 5.000% Senior Notes due 2031 in private placements. The aggregate principal amount of the 4.625% Senior Notes due 2029 and the 5.000% Senior Notes due 2031 offered were increased from $500,000,000 and $500,000,000, respectively.

Calpine Corporation intends to use the proceeds from these offerings, together with cash on hand, to (i) purchase pursuant to tender offers any and all of its outstanding 5.500% Senior Notes due 2024 (the “2024 Notes”) and its outstanding 5.750% Senior Notes due 2025 (the “2025 Notes”), (ii) redeem any of the 2024 Notes and 2025 Notes not tendered in connection with the tender offers and (iii) pay premiums, fees and expenses relating to the tender offers and the redemption (if any) of the 2024 Notes and 2025 Notes. Any net proceeds from the offerings not used for the purposes described above will be used for general corporate purposes.

The notes will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the U.S. without registration under the Securities Act or pursuant to an applicable exemption from such registration. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, any security and nor shall there be any offer, solicitation or sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Calpine

Calpine Corporation is America’s largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Our fleet of 77 power plants, including one under construction, represents over 26,000 megawatts of generation capacity. Through wholesale power operations and our retail businesses, Calpine Energy Solutions and Champion Energy, we serve customers in 23 states in the United States and in Canada and Mexico. Our clean, efficient, modern and flexible fleet uses advanced technologies to generate power in a low-carbon and environmentally responsible manner. We are uniquely positioned to benefit from the secular trends affecting our industry, including the abundant and affordable supply of clean natural gas, environmental regulation, aging power generation infrastructure and the increasing need for dispatchable power plants to successfully integrate intermittent renewables into the grid.

Forward-Looking Information

In addition to historical information, this release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We use words such as “believe,” “intend,” “expect,” “anticipate,” “plan,” “may,” “will,” “should,” “estimate,” “potential,” “project” and similar expressions to identify forward-looking statements. Such statements include, among others, those concerning our expected financial performance and strategic and operational plans, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. We believe that the forward-looking statements are based upon reasonable assumptions and expectations. However, you are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results to differ materially from those anticipated in the forward-looking statements. Please see the risks identified in this release or in Calpine’s reports and registration statements filed with the Securities and Exchange Commission, including, without limitation, the risk factors identified in its Annual Report on Form 10-K for the year ended December 31, 2019 and Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2020. These filings are available by visiting the Securities and Exchange Commission’s website at www.sec.gov or Calpine’s website at www.calpine.com. Given the risks and uncertainties surrounding forward-looking statements, you should not place undue reliance on these statements. Many of these factors are beyond our ability to control or predict. Our forward-looking statements speak only as of the date of this release. Actual results or developments may differ materially from the expectations expressed or implied in the forward-looking statements, and, other than as required by law, Calpine undertakes no obligation to update or revise any such statements, whether as a result of new information, future events, or otherwise.

Media Contact:
Brett Kerr
Vice President, External Affairs
713-830-8809
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Investor Contact:
W. Bryan Kimzey
Senior Vice President, Finance & Treasurer
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Return to work, school demand high for clean air solutions as public health officials caution Americans to prepare to live with COVID-19 virus.

HOUSTON--(BUSINESS WIRE)--Aggreko plc, today announced it has launched Aggreko Clean Air, a multi-solution approach to quickly and cost-effectively address air quality issues for facilities that must implement health and safety measures in temporary or permanent structures where people need to gather.

Formulated to help employers, community response teams and event producers meet new air quality guidelines, Aggreko Clean Air solutions builds on the company’s 30-plus years of specialized experience and expertise. The international company provides temporary, rental cooling, heating, power and dehumidification for disaster response, industrial operations where air quality has high consequences, and the world’s largest and most watched sporting, music, political and leisure events.

In recent news interviews, Dr. Anthony S. Fauci, Director of the National Institute of Allergy and Infectious Diseases, cautioned Americans that he believes “we will never eradicate the virus” but can manage it with combined efforts, including proactive health and safety measures. The Centers for Disease Control and ASHRAE, the global society for HVAC air quality and sustainability, recently issued health and safety guidelines for facilities managers to improve the air quality in enclosures, including the need to:

• increase the percentage of outdoor air that circulates into the cooling and ventilation system,
• increase ventilation rates, or “air changes” per hour, and
• introduce mechanical support for return air.

“Because Aggreko routinely mobilizes in urgent situations to provide engineered solutions for air quality in some of the most extreme conditions, we realized our expertise and experience could make a meaningful difference in helping American businesses and communities begin to function again with less fear of indoor air contamination,” said Charley Royce, Managing Director for Aggreko North America.

“There is no responsible DIY version of a COVID-response clean air solution, so facilities owners and operators need reliable solutions that can be implemented immediately without capital investment – and that come with mechanical engineering expertise and maintenance crew support they don’t have,” he explained.

Steve Birtch, business development manager for Aggreko manufacturing, food and beverage and pharmaceutical clients, added: “Facility managers who must respond to the new guidelines in addition to the many other demands on them need proven expertise to meet these air quality guidelines, especially since no one-size-fits-all solution exists that’s appropriate for every structure. A temporary tent for hospital beds, a university dining hall, a pharmaceutical manufacturing site and a food processing plant are all unique and complex operations. Each facility or tent requires a custom solution that considers the function to occur in that facility, existing systems that must integrate, site location, duration of operation, ambient conditions, and the potential risks involved if there’s a failure to manage air quality.

The Aggreko Clean Air solutions engineering teams include trained technicians experienced in installing and maintaining temporary air systems in a variety of settings and situations – expertise facilities managers and staffs do not typically have onsite.

“Clean air solutions involve more than plug-and-play,” explained Gary Meador, Aggreko Director of Events, who leads teams to power, heat and cool every aspect of many of the world’s largest events. “Managing and maintaining many of these air filtering and scrubbing solutions requires technicians well trained not only install, but to prevent contamination or improper disposal of filters, parts and supplies during maintenance. Plus, these clean air solutions need the benefit of Aggreko’s remote monitoring to ensure any issues are addressed and the systems are consistently performing as intended.”

Response to Aggreko Clean Air solutions from the company’s existing customers across the US has been overwhelmingly positive. “We already have systems in place at university campuses and pre-installation planning underway with customers in many industries,” Royce said. “The need is great, and we have spent a great deal of time making presentations to trade groups and clients to help educate people on their options to comply with guidelines and keep people safe.”

To learn more about Aggreko Clean Air, visit Aggreko.com/CleanAir or call 833-670-5794. If your event, industry or professional organization would like to schedule an educational talk on clean air health and safety guidelines and options for temporary or permanent facility clean air solutions, email This email address is being protected from spambots. You need JavaScript enabled to view it..

EDITOR’S NOTES

Around the world, people, businesses and countries are striving for a better future - a future that needs power and the right conditions to succeed.

Aggreko works round the clock, making sure everyone gets the electricity, heating and cooling they need, whenever they need it – all powered by our class-leading equipment, trademark passion, unrivalled international experience and local knowledge. From urban development to unique commercial projects and even humanitarian emergencies, we bring our expertise and equipment to any location, from the world’s busiest cities to some of the most remote places on earth.

That’s what has made us the world’s leading provider of modular, mobile power and heating and cooling. We’ve been in business since 1962. We have more than 7,300 employees, operating from around 200 locations in 100 countries. With revenues of approximately GBP 1.7bn (USD 2.2bn or Euros 2bn) in 2017, we are listed on the London Stock Exchange (AGK.L) and have our headquarters in Scotland.

Our business helps transform the lives and livelihoods of individuals, organisations and communities across the globe, in both developed and developing countries and markets.

We operate across all sectors, including oil and gas, petrochemical and refining, utilities, manufacturing, construction, mining and events.

We design and manufacture equipment specifically for these requirements in our factory in Dumbarton, Scotland and work with leading innovators to ensure our equipment offers maximum fuel flexibility, by using gas, diesel (including HFO) and renewable fuel sources.

For more information, please visit our local website at: aggreko.com

Ward for Aggreko
Ania Czarnecka or Laura Aebi
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The Low-Carbon Resources Initiative is part of Exelon’s commitment to advancing clean-energy solutions to benefit customers and communities

CHICAGO--(BUSINESS WIRE)--Exelon Corporation today announced its sponsorship of an Electric Power Research Institute (EPRI) and Gas Technology Institute (GTI) five-year initiative to accelerate the development and demonstration of low-carbon energy technologies. Exelon’s sponsorship of the Low-Carbon Resources Initiative (LCRI) is part of the company’s commitment to collaboration between the electric, gas and generation sectors to advance clean-energy solutions for customers and communities.

Through its sponsorship of the Low-Carbon Resources Initiative, Exelon will advance clean energy research and development across the electric and gas sectors. The LCRI seeks to identify and accelerate fundamental development of promising technologies, demonstrate and assess the performance of key technologies and processes, and inform key stakeholders and the public about technology options and pathways to a potential low-carbon future.

“As America’s largest clean energy company, Exelon is ideally suited to join forces with LCRI to advance deep decarbonization technologies,” said Ken Cornew, president and CEO, Exelon Generation, and a member of the EPRI board. “We are leveraging cutting-edge research, technology and innovation every day to power a low-carbon future for our customers and communities, and this initiative will align and multiply our industry’s collective efforts to work toward a healthier planet.”

Sponsorship of the Low-Carbon Resources Initiative is the latest in a series of ongoing commitments Exelon has made to lead on clean energy solutions and innovation to combat the impact of climate change. Exelon’s six electric and gas utilities – serving 10 million customers --announced this summer that they will electrify half of their vehicle fleet by 2030. This past year, Exelon announced its new $20 million Climate Change Investment Initiative to cultivate startups working on new technologies to reduce greenhouse gas emissions and mitigate climate change.

“To achieve a clean energy future, we need to look at all options, including new technologies,” said Calvin Butler, Exelon Utilities CEO. “Every day, our employees are reimagining the energy future across our electric and gas utilities, because we know we must drive progress to ensure our customers have equitable access to clean energy solutions. The work that EPRI and GTI are doing with the Low-Carbon Resources Initiative will help us bring that innovation to fruition in the years ahead.”

Learn more about the LCRI at LowCarbonLCRI.com

About Exelon

Exelon Corporation (Nasdaq: EXC) is a Fortune 100 energy company with the largest number of electricity and natural gas customers in the U.S. Exelon does business in 48 states, the District of Columbia and Canada and had 2019 revenue of $34 billion. Exelon serves approximately 10 million customers in Delaware, the District of Columbia, Illinois, Maryland, New Jersey and Pennsylvania through its Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco subsidiaries. Exelon is one of the largest competitive U.S. power generators, with more than 31,000 megawatts of nuclear, gas, wind, solar and hydroelectric generating capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s Constellation business unit provides energy products and services to approximately 2 million residential, public sector and business customers, including three fourths of the Fortune 100. Follow Exelon on Twitter @Exelon.

Bill Gibbons
708-932-6123
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