Iberdrola Texas selects American Home Solutions for quality, affordability, and reliability
CAMDEN, N.J.--(BUSINESS WIRE)--American Home Solutions, part of American Water’s Homeowner Services division, announced today it has entered into an agreement with Iberdrola Texas, a global renewable energy provider and producer of wind power. This partnership expands American Water’s Homeowner Services footprint in Texas, offering optional homeowner protection plans for individuals and families spending more time at home, placing additional stress and usage on their systems.
“During a time when we are all using our home systems more frequently, small problems can lead to significant, unplanned repairs and expenses,” said Eric Palm, President, Homeowner Services. “We are proud to be working with Iberdrola Texas to provide affordable protection plans to homeowners, covering AC units and electronic devices. American Home Solutions aims to offer peace of mind that comes with top-of-the-line customer service.”
Through the agreement, affordable home service protection plans will be offered to Iberdrola Texas customers, such as the Cooling Repair and Maintenance Plan, and Surge Protection Plan.
American Water’s Homeowner Services prides itself on quality, exceptional customer service, program coverage, and a proven track record in providing peace of mind and protecting homeowners across the country. To learn more about American Home Solutions, visit getstarted.yourhomesolutions.com/american-home-solutions.
About American Home Solutions
Pivotal Home Solutions, LLC does business as American Home Solutions in select markets. Pivotal Home Solutions, LLC is part of American Water’s Homeowner Services division, protecting homeowners from top to bottom, inside and out, including water and sewer lines, plumbing and electrical systems, HVAC maintenance and installation, and appliance repairs. American Water’s Homeowner Services brands protect nearly 2 million customers contracts across the US, including partnerships with the New York City Department of Environmental Protection and Orlando Utilities Commission, reaching 43 states and Washington, D.C. Pivotal Home Solutions, LLC has an A+ rating from the Better Business Bureau. For more information about American Home Solutions, visit: getstarted.yourhomesolutions.com/american-home-solutions.
About Iberdrola Texas
Iberdrola Texas is part of the Iberdrola Group (IBERDROLA, S.A), one of the world’s largest electric integrated utility providers and a global leader in wind energy. The company produces and supplies energy to more than 100 million customers around the world. Iberdrola Texas is a leader in renewable energy that delivers 100% green electricity sourced exclusively from Texas wind farms. For more information, visit www.iberdrolatexas.com.
Alicia Barbieri
American Water
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Samantha Subar
Iberdrola
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LONDON--(BUSINESS WIRE)--#BoatandYachtTransportationMarket--Technavio has been monitoring the boat and yacht transportation market and it is poised to grow by USD 511.25 mn during 2020-2024, progressing at a CAGR of almost 4% 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:
The market is concentrated, and the degree of concentration will accelerate during the forecast period. A.P. Moller - Maersk AS, Andrews Trucking Ltd., Boat Shipping USA LLC, CEVA Logistics AG, Joule Yacht Transport Inc., KAR Auction Services Inc., One World Shipping Network Inc., Peters & May Ltd., Spliethoff Group, and United Yacht Transport are some of the major market participants. The rising demand for recreational boating will offer immense growth opportunities. To make 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.
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Boat and Yacht Transportation Market 2020-2024: Segmentation
Boat and Yacht Transportation Market is segmented as below:
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=IRTNTR44032
Boat and Yacht Transportation 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 boat and yacht transportation market report covers the following areas:
This study identifies the adoption of blockchain technology in marine transportation as one of the prime reasons driving the boat and yacht transportation 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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Boat and Yacht Transportation Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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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HALIFAX, Nova Scotia--(BUSINESS WIRE)--On September 16, 2020 the Board of Directors of Emera Inc. (TSX: EMA) approved an increase in the annual common share dividend to $2.55 from $2.45 per common share and reaffirmed its dividend growth rate target of four to five per cent through to 2022.
“Emera’s overall business continues to perform well despite the challenges of the global COVID-19 pandemic,” said Scott Balfour, President and CEO of Emera Inc. “We are pleased to be in a position to increase our dividend at a level consistent with our target growth rate, and to reaffirm our dividend growth rate target of four to five percent through to 2022.”
Forward Looking Information
This news release contains forward-looking information within the meaning of applicable securities laws. By its nature, forward-looking information requires Emera to make assumptions and is subject to inherent risks and uncertainties. These statements reflect Emera management’s current beliefs and are based on information currently available to Emera management. There is a risk that predictions, forecasts, conclusions and projections that constitute forward-looking information will not prove to be accurate, that Emera’s assumptions may not be correct and that actual results may differ materially from such forward-looking information. Additional detailed information about these assumptions, risks and uncertainties is included in Emera’s securities regulatory filings, including under the heading “Business Risks and Risk Management” in Emera’s annual Management’s Discussion and Analysis, and under the heading “Principal Risks and Uncertainties” in the notes to Emera’s annual and interim financial statements, which can be found on SEDAR at www.sedar.com.
About Emera
Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, with approximately $32 billion in assets and 2019 revenues of more than $6.1 billion. The company primarily invests in regulated electricity generation and electricity and gas transmission and distribution with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments throughout North America, and in four Caribbean countries. Emera’s common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, EMA.PR.F and EMA.PR.H. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR and on The Bahamas International Securities Exchange under the symbol EMAB. Additional Information can be accessed at www.emera.com or at www.sedar.com.
Emera Inc.
Investor Relations:
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Scott Hastings, 902-474-4787
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WASHINGTON--(BUSINESS WIRE)--Oceana released a new analysis today that finds nearly 300 Chinese vessels pillaging the waters off the Galapagos Marine Reserve primarily for squid, which are essential to the diet of iconic Galapagos species such as fur seals and hammerhead sharks, as well as for many commercial and recreational fish species, including tuna and billfish, that contribute to the local economy.
Using the Global Fishing Watch — an independent nonprofit founded by Oceana in partnership with Google and SkyTruth — mapping tool, Oceana analyzed data from fishing vessels found near the Galapagos Islands from July 13 to Aug. 13, 2020. During this one-month period, Oceana documented the Chinese fleet, which was primarily fishing for squid, logged more than 73,000 total hours of apparent fishing.* In fact, 99% of the visible fishing activity off the Galapagos Islands during this one-month period was by Chinese-flagged vessels.
“For a month, the world watched and wondered what China’s enormous fishing fleet was doing off the Galapagos Islands, but now we know,” said Dr. Marla Valentine, Oceana’s illegal fishing and transparency analyst. “This massive and ongoing fishing effort of China’s fleet threatens the Galapagos Islands, the rare species that only call it home and everyone that depends on it for food and livelihoods. Sadly, this is just the tip of the iceberg when it comes to the impact of China’s huge distant-water fishing fleet on our oceans. The situation playing out in the Galapagos should raise serious questions and concerns about the impact China’s massive fishing fleet is having on the oceans it sails.”
As part of its analysis, Oceana also documented Chinese vessels apparently disabling their public tracking devices, providing conflicting vessel identification information and engaging in potentially suspect transshipment practices, all of which can enable illicit activities.
“The governments of the world must work together to ensure that all seafood is safe, legally caught, responsibly sourced and honestly labeled to protect the oceans and the people who depend upon them,” said Beth Lowell, Oceana’s deputy vice president for U.S. campaigns.
Background:
The Galapagos Islands are a remote area nearly 900 kilometers off the coast of Ecuador and was once a “living laboratory” that inspired Charles Darwin’s theory of evolution. The area is an oasis for ocean wildlife with more than 20% of its marine species found nowhere else on Earth. The Galapagos Marine Reserve, which is also a UNESCO World Heritage Site, covers more than 133,000 square kilometers surrounding the Galapagos Islands.
China is the world’s largest fishing nation by far, with a distant water fleet estimated at up to 17,000 vessels (compared to around 250 to 300 vessels for both the European Union and the United States), and accounts for 40% of the global fishing effort. China is also ranked the worst nation in the world by the IUU Fishing Index when it comes to illegal, unreported and unregulated fishing, and its fleet has been routinely implicated in violations related to overfishing, targeting endangered shark species, illegal intrusion of jurisdiction, false licensing and catch documentation, and forced labor.
The actions of the Chinese fleet operating off the Galapagos Islands run counter to fishing rules implemented by China in recent months to allegedly improve fishing industry sustainability and ocean protection measures.
To learn more about Oceana’s campaign to increase transparency at sea, please click here.
*Any and all references to "fishing" should be understood in the context of Global Fishing Watch's fishing detection algorithm, which is a best effort to determine "apparent fishing effort" based on vessel speed and direction data from the Automatic Identification System (AIS) collected via satellites and terrestrial receivers. As AIS data varies in completeness, accuracy and quality, and the fishing detection algorithm is a statistical estimate of apparent fishing activity, therefore it is possible that some fishing effort is not identified and conversely, that some fishing effort identified is not fishing. For these reasons, GFW qualifies all designations of vessel fishing effort, including synonyms of the term "fishing effort," such as "fishing" or "fishing activity," as "apparent," rather than certain. Any/all GFW information about "apparent fishing effort" should be considered an estimate and must be relied upon solely at your own risk. GFW is taking steps to make sure fishing effort designations are as accurate as possible.
Oceana is the largest international advocacy organization dedicated solely to ocean conservation. Oceana is rebuilding abundant and biodiverse oceans by winning science-based policies in countries that control one-third of the world’s wild fish catch. With more than 225 victories that stop overfishing, habitat destruction, pollution, and the killing of threatened species like turtles and sharks, Oceana’s campaigns are delivering results. A restored ocean means that 1 billion people can enjoy a healthy seafood meal, every day, forever. Together, we can save the oceans and help feed the world. Visit www.usa.oceana.org to learn more.
Dustin Cranor, 202.341.2267
954.348.1314 (cell)
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BROOKLYN HEIGHTS, Ohio--(BUSINESS WIRE)--GrafTech International Ltd. (NYSE:EAF) today published its inaugural Sustainability Report, highlighting progress towards a better understanding of the company’s environmental, social and governance (ESG) impacts and identifying focus areas, such as employing sound corporate governance practices, promoting workforce diversity, and continuing to make tangible progress on environmental initiatives.
“This is our inaugural Sustainability Report, and we are excited to share with you our ESG performance and initiatives. With this report, we aim to provide our stakeholders and the broader community a better understanding of our sharp focus on and plans for continued improvement of our ESG programs,” said David Rintoul, President and Chief Executive Officer.
The digital Report is available on GrafTech’s new Sustainability website at http://www.graftech.com/sustainability.
About GrafTech
GrafTech International Ltd. is a leading manufacturer of high quality graphite electrode products essential to the production of electric arc furnace steel and other ferrous and non-ferrous metals. The Company has a competitive portfolio of low cost graphite electrode manufacturing facilities, including three of the highest capacity facilities in the world. We are the only large scale graphite electrode producer that is substantially vertically integrated into petroleum needle coke, a key raw material for graphite electrode manufacturing. This unique position provides competitive advantages in product quality and cost.
Wendy Watson, 216-676-2699
LONDON--(BUSINESS WIRE)--#GlobalIoTMarketinEnergyGridManagement--Technavio has been monitoring the IoT market in energy grid management industry and it is poised to grow by $ 16.14 bn during 2020-2024, progressing at a CAGR of almost 12% 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. We offer $1000 worth of FREE customization
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Accenture Plc, Cisco Systems Inc., Huawei Investment & Holding Co. Ltd., Intel Corp., International Business Machines Corp., Robert Bosch GmbH, Schneider Electric SE, Siemens AG, Texas Instruments Inc., and Verizon Communications 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.
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Penetration of smart technologies has been instrumental in driving the growth of the market. However, centralization of data 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. Download a Free Sample Report on COVID-19 Impacts
IoT market in energy grid management 2020-2024: Segmentation
IoT market in energy grid management is segmented as below:
IoT market in energy grid management 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 IoT market in energy grid management market report covers the following areas:
This study identifies the increasing installation of smart energy meters as one of the prime reasons driving the IoT market in energy grid management 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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IoT market in energy grid management market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Solution
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus 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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HOUSTON--(BUSINESS WIRE)--Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) (“Solaris” or the “Company”) announced today it believes US frac and Solaris’ activity, as measured by fully utilized frac crews and proppant silo systems, respectively, will be up 60-70% in the third quarter of 2020 on average from second quarter 2020. This compares to the Company’s previous expectation for a 35-45% increase.
“While we are encouraged by the strength of the rebound in completion activity and our system deployments in the third quarter, we also acknowledge that there is currently limited visibility into fourth quarter and 2021 as the US horizontal rig count has remained flat for some time.” Solaris’ Chairman and Chief Executive Officer Bill Zartler commented. “In the meantime, the Solaris team is focusing on what we can control – ensuring our customers receive exceptional service and improving our offerings while continuing to run a lean and cash generative business.”
Earnings Release and Conference Call Information
The Company also announced today that it will host a conference call to discuss its third quarter 2020 results on Friday, October 30, 2020 at 7:30 a.m. Central Time (8:30 a.m. Eastern Time). Solaris will issue its third quarter earnings release after market close on October 29, 2020.
To join the third quarter 2020 conference call from within the United States, participants may dial (844) 413-3978. To join the conference call from outside of the United States, participants may dial (412) 317-6594. When instructed, please ask the operator to be joined to the Solaris Oilfield Infrastructure, Inc. call. Participants are encouraged to log in to the webcast or dial in to the conference call approximately ten minutes prior to the start time. To listen via live webcast, please visit the Investor Relations section of the Company’s website, www.solarisoilfield.com.
An audio replay of the conference call will be available shortly after the conclusion of the call and will remain available for approximately seven days. It can be accessed by dialing (877) 344-7529 within the United States or (412) 317-0088 outside of the United States. The conference call replay access code is 10147907. The replay will also be available in the Investor Relations section of the Company’s website shortly after the conclusion of the call and will remain available for approximately seven days.
About Solaris Oilfield Infrastructure, Inc.
Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) manufactures and rents 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
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Solaris Oilfield Infrastructure, Inc.
DUBLIN--(BUSINESS WIRE)--ResearchAndMarkets.com published a new article on the Wind Power industry "Untapped Potential In On-Shore Wind Farms".
With increasing public pressure to focus on clean energy sources, new ventures have tried to capitalise on the widespread power of wind. While investors have often focused on the Godzilla-sized offshore wind turbines, however, they have often overlooked the more affordable and hassle-free potential of smaller, land-based turbines, according to an article in the Wall Street Journal.
The cost of land-based turbines are now competitive with fossil fuels in most places, according to BloombergNEF. Denmark's Vestas Wind Systems now has 96 gigawatts under service contracts, and there could be a demand for another 150 GW of onshore installations in Europe in the coming years. In the USA, meanwhile, the temporary tax credit on turbine production is due to expire soon, producing a rush to start new wind-energy projects this year.
To see the full article and a list of related reports on the market, visit Untapped Potential In On-Shore Wind Farms
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SAN RAMON, Calif.--(BUSINESS WIRE)--The District Court of The Hague today ruled in favor of Chevron Corporation in its dispute with the Republic of Ecuador, upholding a 2018 arbitral award rendered by an international tribunal administered by the Permanent Court of Arbitration.
In its unanimous award, issued pursuant to the U.S.-Ecuador Bilateral Investment Treaty, the international arbitral tribunal found that a $9.5 billion Ecuadorian judgment against Chevron was procured through egregious fraud and corruption by the plaintiffs’ legal team, including bribery of the presiding judge and ghostwriting of the judgment. It held the judgment unenforceable under international law. The tribunal also rejected the underlying environmental allegations against Chevron. In its award, the tribunal found that a Chevron subsidiary completed an environmental remediation program supervised and approved by the Republic of Ecuador and that the Republic released the environmental claims on which the fraudulent Ecuadorian judgment was based. Any responsibility for current environmental conditions in Ecuador lies with the state-owned oil company, which continues to operate in the same area today.
The District Court of The Hague upheld the award in full and rejected the Republic of Ecuador’s attempt to set it aside, noting that “the fraudulent character of the Lago Agrio judgement and the proceedings preceding it is common ground between the parties.” The court found that the international tribunal acted within its remit when issuing the award, and that the award was well reasoned and complied with the applicable law and public policy. The court concluded that the international tribunal’s orders properly sought to “remove the consequences of a fraudulent judgment that was rendered by a corrupt judge.” The court held that “because none of the setting aside grounds brought forward by Ecuador succeed, the claims will be denied.”
The court’s ruling follows decisions from courts in Argentina, Brazil, Canada, Gibraltar and the U.S. rejecting the fraudulent Ecuadorian judgment against Chevron. In July, Argentina’s highest court unanimously rejected the plaintiffs’ bid to enforce the corrupt judgment, bringing to an end the last pending recognition proceeding against Chevron. Even Ecuador finally admitted in a public filing earlier this year that the $9.5 billion judgment issued by its courts against Chevron is “fraudulent.” Chevron’s arbitration against the Republic of Ecuador is now in its final stage, where the company is seeking to recover from the Republic of Ecuador costs it has incurred to expose and defend against the fraud.
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, Calif. More information about Chevron is available at www.chevron.com.
Sean Comey, +1-925-842-5509
DUBAI, United Arab Emirates--(BUSINESS WIRE)--Dubai Electricity and Water Authority (DEWA) will organise the 22nd Water, Energy, Technology and Environment Exhibition (WETEX) and the 5th Dubai Solar Show virtually from 26-28 October 2020. The two exhibitions will provide a new experience for exhibitors to display their products innovatively, through 3D customisable stands to suit each company’s needs. They also will enable meetings, seminars, and workshops using the latest smart technologies.
“For 21 years, WETEX has established its position as one of the largest and most important global water, environment, and energy exhibitions. From our wise leadership, we have learned the importance of turning challenges into opportunities. Due to the precautionary measures implemented in most countries because of COVID-19, WETEX and the Dubai Solar Show 2020 will happen virtually; using DEWA’s state-of-the-art digital infrastructure. This will provide an exceptional experience for exhibitors to reach a larger number of visitors across the world,” said HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, and Founder and Chairman of WETEX and Dubai Solar Show.
Al Tayer explained that WETEX and the Dubai Solar Show provide an outstanding opportunity for public and private companies to reach thousands of participants, officials, and decision-makers in energy, water, renewable energy, environment, and sustainability. They will be able to make deals, build partnerships, and learn about market needs, especially given the increased adoption of solar photovoltaic technology in the UAE and the region.
Dr Yousef Al Akraf, EVP of Business Support and Human Resources of DEWA, and Head of the Sales, Logistics and Sponsorship Committees at WETEX, said that this year’s exhibition is an important opportunity to learn about the latest smart technologies and innovative solutions in renewable energy, water, and sustainability. It will enable visitors to participate in specialised seminars and workshops to meet global experts on the green economy, smart cities, innovation, and sustainable development. He noted that WETEX and the Dubai Solar Show 2019 attracted 2,350 exhibitors and 38,718 visitors from 89 countries.
For more information about WETEX and the Dubai Solar Show, please visit www.wetex.ae.
*Source: AETOSWire
Dubai Electricity and Water Authority
Khuloud Al Ali, +971563974965
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Shaikha Almheiri, +971552288228
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Mohammad Almheiri, +971552725291
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Changes Expected to Generate Approximately $20 Million in Annual Cost Savings
DENVER--(BUSINESS WIRE)--Whiting Petroleum Corporation (NYSE: WLL) (“Whiting” or the “Company”) announced today that it has evaluated and reduced its cost structure to better align Whiting’s business with the current operating environment. The Company is also updating its 2020 guidance to reflect an increased focus on capital discipline.
Organizational Update
Whiting recently implemented a new organizational structure whereby the Company has reduced its total workforce by 16%, of which over 90% were corporate positions. Whiting expects these changes to the organization to generate approximately $20 million in annualized cost savings. In conjunction with the reorganization, Whiting is reducing the compensation of its officers by 15% to 20%, realigning officer bonus programs, reducing the number of corporate executives, and initiating salary reductions across a broad group of employees. The full impact of these G&A reductions is expected to be realized in 2021, while the effect in 2020 is largely expected to be offset by related one-time charges.
Outlook for 2H 2020
As the Company has emerged from restructuring and is responding to the current environment, it is updating its guidance for the second half of 2020. The following table provides guidance for the second half 2020 based on current forecasts.
|
|
|
|
|
|
|
|
Second Half 2020 Guidance |
Production (MBOE/d) |
|
88 - 92 |
Percent oil |
|
60% |
Capital Expenditures (MM) |
|
$ 34 - $ 39 |
Lease operating expense (MM) |
|
$ 112 - $ 116 |
"I'm pleased with what we have accomplished in bringing on a new board, new leadership and new vision for the Company post emergence. The changes implemented are building a culture of capital discipline and demonstrating efficiencies and cost savings throughout the organization. We look forward to announcing preliminary 2021 guidance in conjunction with our third quarter 2020 results,” said Lynn A. Peterson, Chief Executive Officer of Whiting.
About Whiting Petroleum Corporation
Whiting Petroleum Corporation, a Delaware corporation, is an independent oil and gas company that develops, produces, acquires and explores for crude oil, natural gas and natural gas liquids primarily in the Rocky Mountain region of the United States. The Company’s largest projects are in the Bakken and Three Forks plays in North Dakota and Niobrara play in northeast Colorado. The Company trades publicly under the symbol WLL on the New York Stock Exchange. For further information, please visit http://www.whiting.com.
Forward-Looking Statements
This news release contains statements that we believe to be “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. All statements other than historical facts, including, without limitation, statements regarding our future financial position, business strategy, projected revenues, earnings, costs, capital expenditures and debt levels, and plans and objectives of management for future operations, are forward-looking statements. When used in this news release, words such as we “expect,” “intend,” “plan,” “estimate,” “anticipate,” “believe” or “should” or the negative thereof or variations thereon or similar terminology are generally intended to identify forward-looking statements. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, such statements.
These risks and uncertainties include, but are not limited to: the effects of the Chapter 11 petitions (the “Chapter 11 Cases”) on the Company’s liquidity or results of operation or business prospects; the effects of the Chapter 11 Cases on the Company’s business and the interests of various constituents; declines in, or extended periods of low oil, NGL or natural gas prices; the Company’s level of success in exploration, development and production activities; the Company’s ability to generate sufficient cash flows from operations to meet the internally funded portion of its capital expenditures budget; the Company’s ability to obtain external capital to finance exploration and development operations; the Company’s inability to access oil and gas markets due to market conditions or operational impediments, including any court rulings which may result in the inability to transport oil on the Dakota Access Pipeline; the impact of negative shifts in investor sentiment towards the oil and gas industry; impacts resulting from the allocation of resources among the Company’s strategic opportunities; the geographic concentration of the Company’s operations; impacts to financial statements as a result of impairment write-downs and other cash and noncash charges; federal and state initiatives relating to the regulation of hydraulic fracturing and air emissions; revisions to reserve estimates as a result of changes in commodity prices, regulation and other factors; inaccuracies of the Company’s reserve estimates or assumptions underlying them; the timing of the Company’s exploration and development expenditures; risks relating to decreases in the Company’s credit rating; market availability of, and risks associated with, transport of oil and gas; the Company’s ability to successfully complete asset dispositions and the risks related thereto; the Company’s ability to drill producing wells on undeveloped acreage prior to its lease expiration; shortages of or delays in obtaining qualified personnel or equipment, including drilling rigs and completion services; weakened differentials impacting the price we receive for oil and natural gas; risks relating to any unforeseen liabilities of ours; the impacts of hedging on the Company’s results of operations; adverse weather conditions that may negatively impact development or production activities; uninsured or underinsured losses resulting from the Company’s oil and gas operations; lack of control over non-operated properties; failure of the Company’s properties to yield oil or gas in commercially viable quantities; the impact and costs of compliance with laws and regulations governing the Company’s oil and gas operations; the potential impact of changes in laws that could have a negative effect on the oil and gas industry; impacts of local regulations, climate change issues, negative public perception of the Company’s industry and corporate governance standards; the Company’s ability to replace its oil and natural gas reserves; negative impacts from litigation and legal proceedings; risks related to the Company’s level of indebtedness, the Company’s ability to comply with debt covenants, periodic redeterminations of the borrowing base under the Company’s credit agreement and the Company’s ability to generate sufficient cash flows from operations to service its indebtedness; unforeseen underperformance of or liabilities associated with acquired properties or other strategic partnerships or investments; competition in the oil and gas industry; any loss of the Company’s senior management or technical personnel; cybersecurity attacks or failures of the Company’s telecommunication and other information technology infrastructure; and other risks described under the caption “Risk Factors” in Item 1A of the Company’s Annual Report on Form 10-K for the period ended December 31, 2019 and subsequent filings with the SEC. We assume no obligation, and disclaim any duty, to update the forward-looking statements in this news release.
Company Contact: Brandon Day
Title: Investor Relations Manager
Phone: 303 390 4969
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BOULDER, Colo.--(BUSINESS WIRE)--#BEVs--A new report from Guidehouse Insights examines key market trends and policies for second life battery (2LB) technologies, appropriate applications for these technologies, and an overview of the battery reuse and recycling process.
Used EV batteries that are no longer viable for vehicle use can still serve other storage applications. Second life applications for EV batteries have gained more attention as the importance of recycling and repurposing used batteries becomes a focus for many EV and battery manufacturers. Click to tweet: According to a new report from @WeAreGHInsights, Globally, 2LB available capacity is expected to grow at a 75.7% compound annual growth rate (CAGR) for battery EV (BEV) batteries and a 61.3% CAGR for plug-in hybrid EV (PHEV) batteries by 2030.
“The accelerated adoption of EVs is being celebrated for introducing a significant step toward a clean energy transition by helping to reduce the amount of greenhouse gases (GHG) emitted into the atmosphere,” says Maria Chavez, research analyst with Guidehouse Insights. “Forecasts show growth for 2LB markets in line with the adoption of EVs and demand for cost-effective energy storage solutions.”
According to the report, storage capacity for 2LBs is expected to increase through 2030 due to the rapid adoption of EVs and the trend toward larger EV battery capacities. Growth for this market is largely driven by commercial stakeholders that are identifying opportunities for second life use throughout the EV battery value chain. Although some policy around second life batteries exists globally, more focus from a regulatory perspective is needed in this market to encourage growth at scale.
The report, Second Life Battery Markets, includes key market trends and policies for 2LB technologies, appropriate applications for these technologies, and an overview of the battery reuse and recycling process. Forecasts show that pricing for second life batteries are anticipated to remain competitive relative to EV first life batteries (1LBs). The largest market globally lies with the regions that are also leading in EV sales, such as Asia Pacific, Europe, and North America. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
About Guidehouse
Guidehouse is a leading global provider of consulting services to the public and commercial markets with broad capabilities in management, technology, and risk consulting. We help clients address their toughest challenges with a focus on markets and clients facing transformational change, technology-driven innovation and significant regulatory pressure. Across a range of advisory, consulting, outsourcing, and technology/analytics services, we help clients create scalable, innovative solutions that prepare them for future growth and success. Headquartered in Washington DC, the company has more than 7,000 professionals in more than 50 locations. Guidehouse is led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets and agenda-setting issues driving national and global economies. For more information, please visit: www.guidehouse.com.
* The information contained in this press release concerning the report, Second Life Battery Markets, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
Lindsay Funicello-Paul
+1.781.270.8456
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Operations Emerge from Chapter 11 Protection As American Consolidated Natural Resources, Inc.
ST. CLAIRSVILLE, Ohio--(BUSINESS WIRE)--Murray Energy Holdings Co. and its subsidiaries (collectively, “Murray”) announced today that its chapter 11 plan (the “Plan”) became effective as of September 16, 2020, and that it has successfully completed a sale of substantially all its assets to a privately held company owned by a group of its former creditors. The United States Bankruptcy Court for the Southern District of Ohio (Western Division) (the “Court”) approved the Plan on August 31, 2020.
Through the restructuring process, Murray effectuated the sale of substantially all of their assets to American Consolidated Natural Resources, Inc. (“ACNR”), a new entity formed at the direction of an ad hoc group of Murray’s superpriority term loan lenders. The restructuring transactions eliminated more than $8 billion of Murray’s debt and legacy liabilities and allowed ACNR to access new financing, providing ACNR with enhanced financial flexibility. Post-transaction, ACNR will continue conducting Murray’s business in the normal course, owning and operating 9 mines and preserving thousands of jobs throughout six states. In addition, ACNR will manage and operate the Foresight Energy mines and the Murray Metallurgical mines through two separate management services agreements. ACNR has entered into a new collective bargaining agreement with the United Mine Workers of America, which agreement was approved during Murray’s chapter 11 cases.
Robert D. Moore, President and Chief Executive Officer of ACNR, commented, “Throughout these complex proceedings, we have been challenged with a global pandemic, extremely volatile coal markets, and months of uncertainty. Our employees and business partners met these challenges, and, together, moved the company forward to today’s emergence. Through the efforts and sacrifice of our dedicated employees, the United Mine Workers of America, our secured lenders, and our trade partners and customers, we are a much stronger company today than we were when we sought Chapter 11 protection. As a result of these outstanding efforts, over 4,000 individuals remain working and ACNR will be a viable business partner in the communities in which our operations are located. I want to personally thank all of our employees and business partners for their efforts and their continued confidence in our leadership team.”
Additional information, including court filings and background information on the restructuring process, is available at https://cases.primeclerk.com/MurrayEnergy. You may also obtain copies of any pleadings by visiting the Court’s website at https://ecf.ohsb.uscourts.gov in accordance with the procedures and fees set forth therein.
About American Consolidated Natural Resources, Inc.
ACNR (together with its affiliates and subsidiaries) is the largest privately owned coal company in the United States and is headquartered in St. Clairsville, Ohio. ACNR will produce approximately 35 million tons of high-quality bituminous coal annually, and such operations include 9 active mines across the Northern and Southern Appalachia Basins (located in Ohio, West Virginia, and Alabama), the Illinois Basin (located in western Kentucky), and the Uintah Basin (located in Utah).
If you would like more information about American Consolidated Natural Resources, Inc., please visit acnrinc.com. Any further inquiries should be directed to This email address is being protected from spambots. You need JavaScript enabled to view it..
Michael McKown
(740) 338-3285
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www.acnrinc.com
DUBLIN--(BUSINESS WIRE)--ResearchAndMarkets.com published a new article on the Oil industry "Faced With a Surplus of Crude Oil Stockpiles Commodity Traders Are Booking Tankers for Storage"
Oil prices slid again on 10 September as U.S. crude stockpiles rose, showing that demand is still weak from the pandemic, according to an article in CNBC today. Coronavirus cases are still rising in many US states, forcing many to work from home or businesses to shut down operations in that lucrative oil market.
Faced with a surplus of crude stockpiles, commodity traders are booking tankers to store crude oil and diesel on the water, with supply outpacing consumption. OPEC leaders will meet in mid-September, and Citi analysts noted that if markets continue to weaken, the organisation will trim global output further.
For more information about this report visit "Faced With a Surplus of Crude Oil Stockpiles Commodity Traders Are Booking Tankers for Storage"
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LONDON--(BUSINESS WIRE)--#GlobalOffshoreDrillingRigsMarket--Technavio has been monitoring the offshore drilling rigs market and it is poised to grow by $ 3.92 bn during 2020-2024, progressing at a CAGR of almost 4% 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:
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Archer Ltd., China Oilfield Services Ltd., Helmerich & Payne Inc., KCA Deutag Alpha Ltd., Nabors Industries Ltd., Noble Corp. Plc, Patterson-UTI Energy Inc., Transocean Ltd., Valaris Plc, and Weatherford International Plc are some of the major market participants. The increase in deepwater and ultra-deepwater drilling activities will offer immense growth opportunities. To make 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.
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Offshore Drilling Rigs Market 2020-2024: Segmentation
Offshore Drilling Rigs Market is segmented as below:
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=IRTNTR43969
Offshore Drilling Rigs 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 offshore drilling rigs market report covers the following areas:
This study identifies the high potential of offshore marginal fields as one of the prime reasons driving the offshore drilling rigs 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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Offshore Drilling Rigs Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Type
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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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DUBLIN--(BUSINESS WIRE)--The "Sonobuoy - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Sonobuoy estimated at US$287.4 Million in the year 2020, is projected to reach a revised size of US$420.9 Million by 2027, growing at a CAGR of 5.6% over the analysis period 2020-2027. Bathythermo Buoy, one of the segments analyzed in the report, is projected to record a 6% CAGR and reach US$86.7 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Search and Rescue Buoy segment is readjusted to a revised 5.7% CAGR for the next 7-year period.
The Sonobuoy market in the U. S. is estimated at US$84.8 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$74 Million by the year 2027 trailing a CAGR of 5.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.8% and 4.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5% CAGR.
In the global Directional Command Activated segment, USA, Canada, Japan, China and Europe will drive the 5.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$26.3 Million in the year 2020 will reach a projected size of US$38.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$48.3 Million by the year 2027.
The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/4hzuvu
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.
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LONDON--(BUSINESS WIRE)--#GlobalOilandGasSeparatorsMarket--Technavio has been monitoring the oil and gas separators market and it is poised to grow by $ 298.61 mn during 2020-2024, progressing at a CAGR of over 1% 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:
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alfa Laval AB, Frames Energy Systems BV, GEA Group Aktiengesellschaft, Halliburton Co., National Oilwell Varco Inc., Pentair Plc, Schlumberger Ltd., Sulzer Ltd., TechnipFMC Plc, and Wartsila Corp. are some of the major market participants. The rising global energy demand will offer immense growth opportunities. To make 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.
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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.
Oil and Gas Separators Market 2020-2024: Segmentation
Oil and Gas Separators Market is segmented as below:
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=IRTNTR44022
Oil and Gas Separators 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 oil and gas separators market report covers the following areas:
This study identifies the rise in oil and gas production from unconventional sources as one of the prime reasons driving the oil and gas separators 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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Oil and Gas Separators Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Type
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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.
Technavio Research
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(All amounts in US$ unless otherwise specified and reflect 100% of the project)
VANCOUVER, British Columbia--(BUSINESS WIRE)--#capstonemining--Capstone Mining Corp. (“Capstone” or the “Company”) (TSX:CS) announces its 70% owned subsidiary Minera Santo Domingo (“MSD”) has entered into a memorandum of understanding (“MOU”) with Puerto Abierto S.A. (“PASA”) a wholly owned subsidiary of Puerto Ventanas S.A. (“Puerto Ventanas”) (subsidiary of Sigdo Koppers S.A.) for Capstone’s Santo Domingo project in Region III, Chile (“Santo Domingo” or the “Project”). During a 90 day period, both MSD and PASA will together explore mutual synergies and regional benefits for the proposed port component of the Santo Domingo Project, Puerto Santo Domingo (the “Port”). The Port is fully permitted and located 100 kms from the Santo Domingo project site (see Figure 1). It will be one of only two Cape-size vessel ports in the region, making it an attractive site for bulk shipments and a key asset allowing for broad resource development in Region III of Chile.
MOU DETAILS
MSD will allow PASA to study, at its own cost, during a term of 90 days, the Project engineering and conduct a market study. PASA is looking to potentially acquire, construct, operate and maintain the deep-water Port, including financing its development. Once in operation, Santo Domingo will receive preferred service as its volumes will represent a baseload of business for the Port. The MOU also gives PASA 90 days to evaluate the replacement of the 110 km magnetite concentrate pipeline with a railway as part of its rail business, Ferrocarril del Pacifico S.A. (FEPASA). The Santo Domingo project infrastructure that is under consideration in this MOU represents approximately $400 million of the CAPEX identified in the most recent NI 43-101 Technical Report and includes:
“Over the past three months we have seen a surge in interest in our fully permitted Santo Domingo project,” said Darren Pylot, President and CEO of Capstone. “I believe this relationship with Puerto Ventanas will serve as a major catalyst for our Santo Domingo Project. Our path forward includes successful culmination of the strategic sales process, executing a gold stream agreement and arranging project debt financing.”
“A partnership with PASA would simplify the Santo Domingo project as we would focus on construction and operational ramp-up of the mine site only, lowering our upfront capital requirements and allow each company to focus on their core business,” said Dr. Albert Garcia, VP, Projects at Capstone. “This, coupled with the fixed cost, turn-key proposal from POSCO E&C, an internationally recognized, reputable EPC contractor for the mine site, significantly de-risks the overall Project.”
“The signing of this MOU is a great opportunity for Puerto Ventanas to work with Capstone and to contribute our expertise providing port services and railway cargo solutions. Our track record is internationally recognized in the logistic services and we are confident that we can contribute to the success of the development of Minera Santo Domingo,” said Juan Eduardo Errázuriz, Chairman at Puerto Ventanas.
“We are looking forward to working with Capstone to offer them the best technical and economical solution for MSD logistics needs,” said Jorge Oyarce, CEO at Puerto Ventanas.
FIGURE 1: The District has enormous potential for copper and iron ore mine development
ABOUT PUERTO ABIERTO S.A.
PASA is a part of the Chilean conglomerate Sigdo Koppers S.A., who has operations in five continents and its business activities are organized into three business areas: mining; industrial construction, transportation and logistics; and machinery and car distribution. https://puertoventanas.cl/en/
ABOUT CAPSTONE MINING CORP.
Capstone Mining Corp. is a Canadian base metals mining company, focused on copper. Our two producing mines are the Pinto Valley copper mine located in Arizona, US and the Cozamin copper-silver mine in Zacatecas State, Mexico. In addition, Capstone owns 70% of Santo Domingo, a large scale, fully-permitted, copper-iron-gold project in Region III, Chile, in partnership with Korea Resources Corporation, as well as a portfolio of exploration properties. Capstone's strategy is to focus on the optimization of operations and assets in politically stable, mining-friendly regions, centred in the Americas. We are committed to the responsible development of our assets and the environments in which we operate. Our headquarters are in Vancouver, Canada and we are listed on the Toronto Stock Exchange (TSX). Further information is available at www.capstonemining.com.
COMPLIANCE WITH NI 43-101
Unless otherwise indicated, Capstone has prepared the technical information in this news release based on information contained in the technical reports and news releases (collectively the “Disclosure Documents”) available under Capstone Mining Corp.’s company profile on SEDAR at www.sedar.com. Each Disclosure Document was prepared by or under the supervision of a qualified person (a “Qualified Person” or “QP”) as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators (“NI 43-101”). For readers to fully understand the information in this news release, they should read the Technical Reports (available on www.sedar.com) in their entirety, including all qualifications, assumptions and exclusions that relate to the information set out in this presentation which qualifies the Technical Information. Readers are advised that mineral resources that are not mineral reserves do not have demonstrated economic viability. The Disclosure Documents are each intended to be read as a whole, and sections should not be read or relied upon out of context. The Technical Information is subject to the assumptions and qualifications contained in the Disclosure Documents. For further details refer to the Company’s NI 43-101 Technical Report Santo Domingo Project, Region III, Chile, Feasibility Study Update, published March 24, 2020, effective February 19, 2020. The Technical Information in this news release has been prepared in accordance with NI 43-101 and reviewed and approved by Albert Garcia III, PE, Vice President, Projects, a Qualified Person as defined in NI 43-101.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This news release, and the documents incorporated by reference herein, contains “forward-looking information” within the meaning of Canadian securities legislation and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”). These forward-looking statements are made as of the date of this document and Capstone Mining Corp. (“Capstone” or the “Company”) does not intend, and does not assume any obligation, to update these forward-looking statements, except as required under applicable securities legislation. Forward-looking statements relate to future events or future performance and reflect our expectations or beliefs regarding future events. Forward-looking statements include, but are not limited to, statements with respect to the continuing success of mineral exploration, Capstone’s ability to fund future exploration activities, the estimation of mineral resources and mineral reserves, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production and capital expenditures, the cost of capital expenditures for the Santo Domingo Project, our ability to separate any permits required for the Port if necessary, the success of our mining operations, the estimation of increased cathode production, the ability to obtain required permits for the intended expanded leaching activity, the estimation of the expected economics of the expanded leaching activities, the estimations for potential quantities and grade of inferred resources and exploration targets, environmental risks, unanticipated reclamation expenses and title disputes. In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “aiming”, “approximately”, “guidance”, “scheduled”, “target”, “estimates”, “forecasts”, “extends”, “convert”, “potential”, “intends”, “anticipates”, “believes” or variations of such words and phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “will”, “might” or “will be taken”, “occur” or “be achieved” or the negative of these terms or comparable terminology. By their very nature, forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, amongst others, permitting risks related to the Port, risks related to inherent hazards associated with mining operations and closure of mining projects, the inherent uncertainty of mineral exploration and estimations of exploration targets, potential delays in exploration or interruption of production directly or indirectly related to COVID-19 or governmental action, future prices of copper and other metals, compliance with financial covenants, surety bonding requirements, our ability to raise capital or fund explorations, Capstone’s ability to acquire properties for growth, counterparty risks associated with sales of our metals, foreign currency exchange rate fluctuations, changes in general economic conditions, risks associated with hedging strategies, accuracy of mineral resource and mineral reserve estimates, operating in foreign jurisdictions with risk of changes to governmental regulation, compliance with governmental regulations, compliance with environmental laws and regulations, reliance on approvals, licences and permits from governmental authorities, impact of climatic conditions on our operations, aboriginal title claims and rights to consultation and accommodation, land reclamation and mine closure obligations, uncertainties and risks related to the potential development of the Cozamin project, increased operating and capital costs, challenges to title to our mineral properties, maintaining ongoing social license to operate, dependence on key management personnel, potential conflicts of interest involving our directors and officers, corruption and bribery, limitations inherent in our insurance coverage, labour relations, increasing energy prices, competition in the mining industry, risks associated with joint venture partners, our ability to integrate new acquisitions into our operations, cybersecurity threats, legal proceedings, and other risks of the mining industry as well as those factors detailed from time to time in the Company’s interim and annual financial statements and MD&A of those statements, all of which are filed and available for review under the Company’s profile on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause our actual results, performance or achievements to differ materially from those described in our forward-looking statements, there may be other factors that cause our results, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that our forward-looking statements will prove to be accurate, as our actual results, performance or achievements could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on our forward-looking statements.
Jerrold Annett, VP, Strategy and Capital Markets
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LONDON--(BUSINESS WIRE)--#GlobalWorkoverRigsMarket--Technavio has been monitoring the workover rigs market and it is poised to grow by $ 254.51 million during 2020-2024, progressing at a CAGR of over 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:
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Basic Energy Services Inc., Bentec GmbH Drilling and Oilfield Systems, China National Petroleum Corp., Drillmec Spa, Nabors Industries Ltd., National Energy Services Reunited Corp., National Oilwell Varco Inc., Precision Drilling Corp., Schlumberger Ltd., and Yantai Jereh Oilfield Services Group Co. Ltd. are some of the major market participants. The growing demand for oil and natural gas will offer immense growth opportunities. To make 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.
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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.
Workover Rigs Market 2020-2024: Segmentation
Workover Rigs Market is segmented as below:
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=IRTNTR44023
Workover Rigs 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 workover rigs market report covers the following areas:
This study identifies the use of laser technology in workover operations as one of the prime reasons driving the workover rigs 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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Workover Rigs Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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.
Technavio Research
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DUBLIN--(BUSINESS WIRE)--The "North Sea Oil and Gas Upstream Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
North Sea oil and gas upstream market is expected to grow at a CAGR of over 3% during the forecast period of 2020-2025
Factor such as the reduction in the offshore drilling cost by 40% is expected to drive the North Sea oil and gas upstream market. However, the increasing usage of renewable to meet energy needs is likely to restrain the North Sea oil and gas upstream market.
Key Market Trends
Shallow Water Segment Expected to See Significant Market Growth
United Kingdom to Dominate the Market
Competitive Landscape
The North America oil and gas upstream market is moderately fragmented. Some of key players in this market include Equinor ASA, Exxon Mobil Corporation, Royal Dutch Shell Plc, BP plc, and Total SA.
Key Topics Covered:
1 INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
4 MARKET OVERVIEW
4.1 Introduction
4.2 North Sea Oil and Gas Production Forecast, till 2025
4.2.1 Crude Oil Production Forecast, in Thousands Barrel per Day
4.2.2 Natural Gas Production Forecast, in Million Tons Oil Equivalent
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 North Sea Active Rig Count, till 2020
4.6 Market Dynamics
4.6.1 Drivers
4.6.2 Restraints
4.7 Supply Chain Analysis
4.8 Porter's Five Forces Analysis
4.8.1 Bargaining Power of Suppliers
4.8.2 Bargaining Power of Consumers
4.8.3 Threat of New Entrants
4.8.4 Threat of Substitutes Products and Services
4.8.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Water Depth
5.1.1 Shallow Water
5.1.2 Deep Water
5.2 Geography
5.2.1 United Kingdom
5.2.2 Norway
5.2.3 Others
6 COMPETITIVE LANDSCAPE
6.1 Mergers, Acquisitions, Collaboration and Joint Ventures
6.2 Strategies Adopted by Key Players
6.3 Company Profiles
6.3.1 Equinor ASA
6.3.2 Exxon Mobil Corporation
6.3.3 Royal Dutch Shell Plc
6.3.4 BP plc
6.3.5 Eni SpA
6.3.6 Total SA
6.3.7 UK Oil & Gas PLC
6.3.8 Schlumberger Limited.
6.3.9 Transocean LTD
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/hsxdbv
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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