• INNIO joins more than 9,500 companies and 3,000 non-business signatories to support UN goals and issues
• INNIO joins United Nations Global Compact as part of continued pursuit to achieve climate-neutral future
• Joining the United Nations Global Compact demonstrates another step in INNIO’s commitment to sustainability across its Jenbacher and Waukesha businesses

JENBACH, Austria--(BUSINESS WIRE)--#INNIO--INNIO today announced that it has joined the United Nations Global Compact, the world’s largest corporate sustainability initiative. In joining this critical voluntary leadership platform, INNIO continues its path to build on an expanded commitment to its environmental, social and governance (ESG) program. As part of the Global Compact initiative — which is focused on the development, implementation and disclosure of responsible business practices – INNIO proudly aligns itself with thousands of other companies and non-business signatories globally committed to taking responsible business action to create a better world.

As part of its relentless pursuit to achieve a climate-neutral, greener and more secure energy future, INNIO established its Sustainability Review Board (SRB), tasked with developing INNIO’s ESG goals and strategy for its Jenbacher and Waukesha businesses in close alignment with INNIO’s growth strategy. In an act to cement its commitment to sustainability, INNIO leadership – in conjunction with its SRB – moved swiftly to become a participant of the Global Compact. INNIO recognized the Global Initiative as being a beacon platform bringing together companies and non-business signatories everywhere to align their operations and strategies with ten principles in the areas of human rights, labor, environment and anti-corruption, and to take action in support of UN goals and issues embodied in the Sustainable Development Goals. Launched in 2000, the UN Global Compact is composed of more than 9,500 companies and 3,000 non-business signatories based in over 160 countries, and more than 70 Local Networks.

“We are delighted to have taken this step to add our voice to that of thousands of others in helping to impact positive change across the world through business,” said Carlos Lange, president and CEO of INNIO. “While our expertise lies in the domain of power generation and gas compression, we recognize that our responsibility does not end with the sustainable production and delivery of electricity and gas compression. As a responsible corporate citizen, we are ethically and morally bound to maintain a responsible role as it pertains to human rights, labor, and anti-corruption as well as the environment. As part of the Global Compact, we are now positioned with our corporate neighbors to advance broader societal goals, such as the UN Sustainable Development Goals, through collaboration and innovation. Together, we can push further and faster to effectively address the world’s most pressing challenges.”

INNIO, a global provider of energy services, equipment and digital solutions for power generation and gas compression at or near the point of use, is relentlessly dedicated to being a model corporate citizen. As part of this effort, INNIO recently took a bold step in advancing sustainability in the power industry to build the first industrial scale hydrogen-fueled power plant. In close collaboration with HanseWerk Natur, INNIO initiated field testing of a 1-megawatt (MW) pilot power plant with a Jenbacher gas engine that represents the world’s first large-scale gas engine in the 1 MW range, capable of operating with variable hydrogen-natural gas mixtures or up to 100% hydrogen. INNIO’s efforts are being recognized as evidenced with its recent accolade of receiving a Silver Medal rating from EcoVadis, placing INNIO Jenbacher in the top 17% of its peers working towards sustainability.

In its capacity as a thought leader, INNIO always seeks new energy sources and better energy solutions to support its customers and their communities, while investing in its Jenbacher and Waukesha product lines and digital solutions to support the energy transition. Its gas engines—many of which have passed stringent sustainability tests for efficiency and energy savings—offer industry-leading emission levels and reduced carbon footprints. INNIO’s gas engine fleet helps to provide a more sustainable future by developing new, innovative low-carbon technologies, such as its hydrogen-ready Jenbacher gas engine technology. Its Waukesha gas engines help customers achieve low emissions and responsibly produce natural gas now and in the future. INNIO’s digital products and solutions play an important role in reduction of emissions and remote smart management of assets for our customers.

In 2021, EcoVadis awarded INNIO Jenbacher a silver medal to honor its engagement for a climate-neutral, greener, and more secure energy future. This places INNIO Jenbacher in the top 17% of its peers working towards sustainability.

About INNIO

INNIO is a leading provider of renewable gas, natural gas, and hydrogen-based solutions and services for power generation and gas compression at or near the point of use. With our Jenbacher and Waukesha gas engines, INNIO helps to provide communities, industry and the public access to sustainable, reliable and economical power ranging from 200 kW to 10 MW. We also provide life-cycle support and digital solutions to the more than 53,000 delivered gas engines globally, through our service network in more than 100 countries. We deliver innovative technology driven by decarbonization, decentralization, and digitalization to help lead the way to a greener future. Headquartered in Jenbach, Austria, the business also has primary operations in Welland, Ontario, Canada, and Waukesha, Wisconsin, U.S. For more information, visit the company's website at www.innio.com. Follow INNIO on Twitter and LinkedIn.

Susanne Reichelt
INNIO
+43 664 80833 2382
This email address is being protected from spambots. You need JavaScript enabled to view it.

DUBLIN--(BUSINESS WIRE)--The "Permian Basin in the United States of America (USA), 2021 - Oil and Gas Shale Market Analysis and Outlook to 2025" report has been added to ResearchAndMarkets.com's offering.

The Permian Basin is the largest oil producing region in the United States. This hydrocarbon-rich formation is situated in West Texas and the adjacent region of Southeast New Mexico in the US. During 2019, crude oil production in the Basin averaged at 4.3 million barrels of oil per day (mmbd), peaking at 4.7 million in December 2019.

The upward trend continued till Q1 2020, with production averaging at 4.8 mmbd. However, dropped energy demand and crashed oil price brought by Covid-19 pandemic, caused decrease in crude oil production in the basin during April to December 2020. The lowest levels of natural gas production since the end of Q1 2020 was observed in May 2020 with 14% drop to 14.8 bcfd, while lowest level of crude oil production was observed in September 2020 to 4.2 mmbd, which is a 12.5% drop compared to that of March 2020.

During Q1 2021, production in the basin continued to fall, attributing to the winter storm in the US. However, growing capital investment by major players in the basin is expected to support steady production growth over the next five years, with forecasts of exceeding pre pandemic level.

Scope

• Comprehensive analysis of crude oil and natural gas historical production and outlook during 2018-25
• Detailed information of impact on well development, permits and deals against the backdrop of the COVID-19 pandemic
• In-depth information of well productivity and well completion parameters across Permian Basin in the US
• Analysis of top companies' net acreage, planned capital expenditure in 2021, as well as crude oil and natural gas reserves and production stats as of 2020
• Up-to-date information on major mergers and acquisitions across the Permian Basin between 2019 and 2021

Reasons to Buy

• Develop business strategies with the help of specific insights into the Permian Basin in the US
• Plan your strategies based on economic viability and expected developments in the Permian Basin
• Keep yourself informed of the latest M&A activity in across Permian Basin
• Identify opportunities and challenges across Permian Basin

Key Topics Covered:

1. Overview

1.1 Permian Basin, Recent Developments and Trends

2. Permian Basin, Introduction

2.1 Permian Basin, Formation Overview

3. Permian Basin, Production and Activity Overview

3.1 Permian Basin, Production Analysis, 2018-2020

3.2 Permian Basin, COVID-19 Impact on Production

3.3 Permian Basin, Production Outlook, 2021-2025

3.4 Permian Basin, Drilling Activity

3.5 Well profile

4. Permian Basin, Competitive Benchmarking

4.1 Permian Basin, Major Companies with Prominent Presence, 2021

4.2 Permian Basin, Financial Standings of Major Companies

4.3 Permian Basin, Operational Performance of Leading Operators

4.4 Permian Basin, Completion Parameters, 2019-21

4.5 Permian Basin, Plans of Major Companies

4.6 Permian Basin, Cost Trends, March 2021

5. Permian Basin, Analysis of Bankrupt Companies

5.1 Rosehill Resources

5.2 EP Energy

6. Permian Basin, Associated Infrastructure

6.1 Pipelines

7. Mergers and Acquisition Activity in the Permian Basin, 2019-2021

7.1 Overview of M&A Activity

7.2 Major Acquisitions

8. Permian Basin, Analysis of Major Companies

8.1 Apache Corporation

8.2 Chevron Corporation

8.3 Devon Energy Corporation

8.4 ExxonMobil Corporation

8.5 Occidental Petroleum Corporation

8.6 Royal Dutch Shell Plc

8.7 Cimarex Energy Company

8.8 Endeavor Energy Resources, L.P.

9. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/7lqzj

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

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

ROCKVILLE, Md.--(BUSINESS WIRE)--#NewYork--New York’s largest community solar project connected to an energy storage system is nearing completion. Solar energy leader Standard Solar Inc. developed, installed and funded the community distributed generation (CDG) project in Lenox, NY. The Lenox Community Solar Project includes a 20-megawatt hour (MWh) DC-coupled battery directly charged from the 17,966 fixed-tilt and single-axis tracker solar modules.

Distributed Generation photovoltaic (PV) solar and storage have a natural, symbiotic relationship. Together, they help energy consumers meet increasing energy demands, aid the nation’s aging grid and achieve aggressive clean energy targets. The Lenox CDG or community solar + storage system will allow hundreds of area subscribers, homeowners and businesses who otherwise might not have access to solar to benefit from the power and savings of renewable energy.

The system is projected to generate 5,933.00 MWh in the first year of operation and reduce annual carbon offset by an estimated 264,931,764 pounds of coal burned.

“Community solar with battery storage is an extremely effective method for bringing the benefits of clean energy to as many people as possible while also transforming the U.S. electric grid,” said Daryl Pilon, Director of Business Development at Standard Solar. “The Lenox Community Solar Project is the kind of high impact asset that aligns with Standard Solar’s goal to scale renewables to help Americans lower their electric bills, innovate the energy industry and ensure the future of our planet.”

The system will bring environmental sustainability and savings to hundreds of residents and businesses and help National Grid meet its New York Clean Energy Standard requirements – to generate 70% of the state’s electricity through renewable sources by 2030.

New York is one of the top five states with the most community solar installations in the country in part due to Governor Cuomo’s NY-Sun initiative and Reforming the Energy Vision (REV) plan.

About Standard Solar

Standard Solar is powering the nation’s energy transformation – channeling its project development capabilities, financial strength and technical expertise to deliver the benefits of solar, as well as solar + storage, to businesses, institutions, farms, governments, communities and utilities. Building on 17 years of sustainable growth and in-house and tax equity investment capital, Standard Solar is a national leader in the development, funding and long-term ownership and operation of commercial and community solar assets. Recognized as an established financial partner with immediate, deep resources, the company owns and operates more than 200 megawatts of solar across the United States. Standard Solar is based in Rockville, Md. Learn more at standardsolar.com, LinkedIn and Twitter: @StandardSolar.

PR:
Leah Wilkinson
Wilkinson + Associates
703-907-0010
This email address is being protected from spambots. You need JavaScript enabled to view it.

Use the Free Service for All Digging Projects Large or Small

SAN FRANCISCO--(BUSINESS WIRE)--Tomorrow, Wednesday 8/11 is National Safe Digging Day, serving as a reminder to PG&E customers, contractors and anyone digging to call 811 a minimum of two business days prior to starting any digging project, no matter how large or small. 811 is a free service for anyone planning to dig. Utility workers will respond at no cost to you and mark the location of any underground lines. Making that free call will help avoid injuries, property damage and costly repairs.

Warmer weather months see an increase in digging projects, and unfortunately many of those projects are proceeding without a free call to 811 to have underground utilities marked for project sites. In fact, throughout PG&E’s service area of Northern and Central California:

• 57 percent of all third-party dig-ins 2021 have been due to contractors and homeowners failing to call 811 before digging
• In 91 percent of residential/homeowner dig-ins, 811 was not called
• The average cost to repair damaged utility lines for a residential dig-in is $3,500
• Some leading causes of homeowner/residential dig-ins include: building or replacing a fence, gardening and landscaping, planting a tree or removing a stump, sewer and irrigation work and building a deck or patio

As part of 811 Day, PG&E will be conducting 811 Safe Digging Webinars on Wednesday, August 11 at 7:00 A.M. and 3:30 P.M. and on Saturday, August 14 at 9:00 A.M. Customers can join to learn about the 811 process and how to safely dig once all underground lines have been marked. There will also be a live Q&A session as part of each webinar. To access the webinars, visit pge.com/811.

“Calling 811 before your digging project, no matter how large or small, to have the location of underground utility lines marked will help keep you, your families and neighbors safe and connected to essential utility services,” said Joe Forline, senior vice president of Gas Operations for PG&E. “811 is a free service, and calling 811 and digging safely will help both homeowners and contractors avoid costly repair bills that can be in the thousands of dollars.”

Utility lines can be shallow, sometimes only a few inches below the surface, due to erosion, previous digging projects and uneven surfaces. Utility lines need to be properly marked because even when digging only a few inches or digging in a location that’s previously been marked, the risk of striking an underground utility line still exists. A call to 811 is the best safeguard and the first line of defense to preventing strikes on underground utility lines.

When calling 811, homeowners and contractors are connected to USA North, the local one call center, which notifies the appropriate utility companies of their intent to dig. Requests for a single address can also be made online at 811express.com. Professional locators then arrive at the digging site to mark the approximate locations of underground lines with flags, spray paint or both. Underground Service Alert of Northern/Central California and Nevada (USA North) is staffed 24 hours a day, seven days a week, and will provide Spanish and other translation services.

Key Facts

• In 2020, there were over 1,400 third-party dig-ins on PG&E’s underground infrastructure across Northern and Central California.
• Of the over 1,400 dig-ins, nearly 800 resulted from not using 811 to have gas and electric lines marked in advance.
• Of the third-party (customers or construction crews) dig-ins to PG&E’s lines in 2020, residential dig-ins accounted for 31%.
• In 91% of residential dig-ins, 811 was not called in advance.

PG&E Safe Digging Tips

• Mark project area in white: Identify the digging location by drawing a box around the area using white paint, white stakes, white flags, white chalk or even white baking flour.
• Call 811 or submit an online request a minimum of two working days before digging: Be prepared to provide the address and general location of the project, project start date and type of digging activity. PG&E and other utilities will identify underground facilities in the area for free. Requests can be submitted a maximum of 14 days prior to the start of the project.
• Dig safely: Use hand tools when digging within 24 inches of the outside edge of underground lines. Leave utility flags, stakes or paint marks in place until the project is finished. Backfill and compact the soil.
• Be aware of signs of a natural gas leak: Smell for a “rotten egg” odor, listen for hissing, whistling or roaring sounds and look for dirt spraying into the air, bubbling in a pond or creek and dead/dying vegetation in an otherwise moist area.

About PG&E

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

Media Relations
415-973-5930

ARLINGTON, Va.--(BUSINESS WIRE)--#NSTA--Shell Oil Company and the National Science Teaching Association today announced the recipients of the annual Shell Urban Science Educator Development Award. In lieu of the in-person event that typically takes place annually at the NSTA National Conference, the awardees (listed below) were formally recognized in May for their achievement during a virtual award ceremony.

Shell Urban Science Educator Development Awardees:

• Shavonne Bragg, Elementary Science Teacher, Double Tree Elementary School, Memphis, Tennessee
• Alexander Eden, Biology Teacher, Greater Lowell Technical High School, Methuen, Massachusetts
• Michelle Ellis, Science Teacher, Hunter Huss High School, Gastonia, North Carolina
• Carla Marie Neely, Elementary Science Teacher, Warner Girls Leadership Academy, Cleveland, Ohio
• LaShan Rose, Science Teacher, Lindley Academy Charter School at Birney, Philadelphia, Pennsylvania
• Cenia A. Santana, Science Teacher, Sleepy Hollow High School, Sleepy Hollow, New York
• Tiffany Scott, Fifth Grade Science Teacher, Luling Elementary School, Luling, Louisiana
• Erica Stephens, Elementary STEM Teacher, John P. Freeman Optional School, Memphis, Tennessee
• John Carlo Tulinao, First Grade STEAM Teacher, Amberlea Elementary School, Phoenix, Arizona
• Leslie White, Middle and High School Science Specialist, Duval County Public Schools, Jacksonville, Florida
• Nakia Williams, Elementary Science Teacher, Lukeville Elementary School, Brusly, Louisiana

“Diverse science teachers serving in challenging environments must receive professional development to engage all students in inquiry-based and hands-on activities,” said Frazier Wilson, VP, Shell Oil Company Foundation Director, Workforce Development and Diversity Outreach. “Our investment in their development will also create a pipeline for their participation in science leadership initiatives while strengthening recruitment and retention of technical and inventive talent from underrepresented groups that will help solve the complex problems of today’s world and its future.”

Created for K–12 classroom science teachers in urban settings, the Shell Urban Science Educator Development Award is designed to help strengthen quality science teaching and enhance teacher content knowledge.

“We all know the value of a great teacher, and every one of these award winners has proven themselves to be both outstanding and inspirational,” said Dr. Elizabeth Allan, NSTA Retiring President.

Each of the teachers received $1,800 and expenses to attend NSTA’s Engage: Spring21 virtual conference, which took place April 12-May 8.

More information about the Shell Urban Science Educator Development Award and the NSTA Teacher Awards Program can be found online at http://www.nsta.org/about/awards.aspx.

About Shell Oil Company

Shell Oil Company is an affiliate of the Royal Dutch Shell plc, a global group of energy and petrochemical companies with operations in more than 70 countries. In the U.S., Shell operates in 50 states and employs more than 20,000 people working to help tackle the challenges of the new energy future.

About NSTA

The National Science Teaching Association (NSTA) is a vibrant community of 40,000 science educators and professionals committed to best practices in teaching science and its impact on student learning. NSTA offers high quality science resources and continuous learning so that science educators grow professionally and excel in their career. For new and experienced teachers alike, the NSTA community offers the opportunity to network with like-minded peers at the national level, connect with mentors and leading researchers, and learn from the best in the field.

Kate Falk, NSTA
(703) 312-9211
This email address is being protected from spambots. You need JavaScript enabled to view it.

HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE: EPD) today announced that Carrie L. Weaver has been named vice president, Commercial, Evolutionary Technology, and will report to Co-Chief Executive Officer for Enterprise’s general partner A.J. “Jim” Teague. The Evolutionary Technology team, which was formed in May 2021, consists of a dedicated technical team focused on identifying, evaluating and developing opportunities related to the energy evolution, including carbon capture and storage, hydrogen, and low-carbon fuels. Ms. Weaver joins the team to develop commercial strategies to progress emerging ideas into profitable and sustainable market solutions and to advance discussions with external parties to develop projects leveraging Enterprise’s midstream network and technical capabilities to support the evolving energy industry.

“Enterprise is committed to being a leader in this changing energy landscape by providing new services that utilize our integrated asset footprint, expansive industry connectivity, reputation for reliability and ability to deliver dependable results for our customers,” said Teague. “The addition of Carrie to our recently formed Evolutionary Technology team gives us an experienced and accomplished presence as we move forward with commercializing projects that are profitable and complement our business model, while advancing a low-carbon economy.”

Ms. Weaver joined Enterprise in 2013 from Exxon Mobil Corporation and most recently served as vice president, Commercial, Regulated Pipelines for the eastern region. She holds a Bachelor of Science degree in Chemical Engineering from Virginia Tech.

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 Bcf of natural gas storage capacity. Please visit www.enterpriseproducts.com for more information.

This press release includes “forward-looking statements” as defined by the Securities and Exchange Commission. All statements, other than statements of historical fact, included herein that address activities, events, developments or transactions that Enterprise and its general partner expect, believe or anticipate will or may occur in the future are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from expectations, including required approvals by regulatory agencies, the possibility that the anticipated benefits from such activities, events, developments or transactions cannot be fully realized, the possibility that costs or difficulties related thereto will be greater than expected, the impact of competition, and other risk factors included in Enterprise’s reports filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. Except as required by law, Enterprise does not intend to update or revise their respective forward-looking statements, whether as a result of new information, future events or otherwise.

Randy Burkhalter, Investor Relations, (713) 381-6812 or (866) 230-0745, This email address is being protected from spambots. You need JavaScript enabled to view it.
Rick Rainey, Media Relations (713) 381-3635, This email address is being protected from spambots. You need JavaScript enabled to view it.

The Riviera Beach, FL plant will be the only U.S. facility to produce heterojunction solar modules, delivering high-efficiency, longer lasting solutions for the residential and commercial solar market

SAULT STE. MARIE, Ontario--(BUSINESS WIRE)--Heliene, a Customer-First provider of North American made solar modules, today announced it will open its third North American solar module manufacturing facility located in Riviera Beach, Florida. The new facility is Heliene’s second plant in the United States, increasing its manufacturing capacity by an additional 100 megawatts (MW). Heliene will begin manufacturing operations at the new facility in September 2021.

Heliene is expanding upon its product suite of high-quality, North American produced solar modules, which to date have been designed and manufactured in multiple configurations in Minnesota and Ontario, Canada. The Florida plant will be the only facility in the U.S. to produce super high-efficiency heterojunction solar cell modules for residential and commercial applications. Heterojunction solar cell modules deliver more power per unit area, more units of electricity over the life of the module, and greater reliability compared to conventional high efficiency modules – all in an aesthetically-pleasing, low-profile package.

“With the launch of the Florida facility, Heliene is strongly positioned to meet the significant forecasted demand for residential and commercial solar in the U.S. through our industry-leading module technology and manufacturing efficiency,” said Martin Pochtaruk, CEO, Heliene. “Heterojunction module technology changes the economics of solar, giving our customers greater production density when designing residential and commercial installations. Delivering the most superior products available with a just-in-time solution and always-available customer support is critical to our strategy to increase clean energy access across North America.”

Heterojunction cell technology combines the advantages of N-type crystalline silicon with the excellent absorption and passivation of amorphous silicon. Heliene’s 66 cell Heterojunction 370W module uses multiwire technology and 18 round microwires in place of traditional flat busbars, which reduces shading by 25 percent by creating a light trapping effect. The N-type silicon results in extremely low light induced degradation (LID) and potential induced degradation (PID), guaranteeing more power over the lifespan of the module. The heterojunction module is also excelling in low light and high temperature conditions.

The 75,000 square foot Riviera Beach facility will create over 60 new manufacturing, maintenance, engineering and logistics jobs in the area. As a member of the Solar Energy Manufacturing for America (SEMA) Coalition, Heliene is committed to generating well-paying manufacturing jobs in the U.S. and strengthening America’s solar supply chain to accelerate clean energy adoption and reach national decarbonization targets.

With over five percent of the company’s revenue invested in R&D annually, Heliene’s modules are produced with an advanced PV bill-of-materials, ensuring durability and aesthetics. The modules undergo yearly independent third party engineering evaluations to ensure long-term reliability and are approved for projects financed by major banking institutions worldwide.

Heliene is currently accepting orders for the 66 cell Heterojunction 370W module.

About Heliene

Heliene is one of North America’s fastest-growing domestic module manufacturers serving the utility-scale, commercial, and residential markets. With an in-house logistics team and remarkably responsive support staff, Heliene delivers competitively priced, high performance solar modules precisely when and where customers need them to accelerate North America’s clean energy transition. Founded in 2010, Heliene consistently ranks as a Bloomberg New Energy Finance Tier 1 module manufacturer and has production facilities located in Canada, Minnesota and Florida. For more information, visit www.heliene.com.

Annika Harper
PR Director
Antenna Group
This email address is being protected from spambots. You need JavaScript enabled to view it.

MERRILLVILLE, Ind.--(BUSINESS WIRE)--#environmentalservices--Tradebe, a global environmental leader, is once again among the Top 200 Environmental Firms, ranked by respected publisher Engineering News-Record (ENR) for 2021. This ranking of key firms covers the global environmental marketplace, which ENR updates annually in line with its mission to report on worldwide architecture, engineering and construction industries.

For 2021, ENR has ranked Tradebe at #8 in Hazardous Waste Management and #30 Overall based on total global revenue in Environmental Services.

Tradebe’s accomplishment is further highlighted against a challenging past year of economic uncertainty.

“Our commitment to best-in-class services remains unchanged, as ENR’s ranking has shown. I would like to congratulate all of our employees for their huge effort during a tough year— it has paid off in part by this recognition,” says Jeff Beswick, Tradebe USA CEO.

Tradebe’s ranking as a top performer in the environmental industry is supported by 5 key pillars essential to its mission. Our strategy pairs experienced and highly trained chemists on a national scale to provide high quality service for each customer. With safety as a priority, Tradebe provides safe and reliable waste management solutions.

With these 5 pillars of business in place, Tradebe is the name you can trust to get the job done.

For more information on how Tradebe can assist your waste management, please call us at (800) 388-7242 Nationwide, (888) 276-0887 in the Northeast or email us at This email address is being protected from spambots. You need JavaScript enabled to view it..

For more information on ENR, please visit www.enr.com.

Read more…

ABOUT TRADEBE

Tradebe is a leading global company in the environmental sector serving several markets, including the industrial, petrochemical, pharmaceutical, oil and gas sectors, etc. Tradebe employs approximately 2,500 people worldwide and operates more than 90 facilities in Europe (Spain, UK, France, Germany and Italy) and United States. www.tradebe.com www.tradebe.co.uk

For media requests:
US:
Guillermo Chaves
This email address is being protected from spambots. You need JavaScript enabled to view it.
+1 (219) 314-1621
www.tradebeusa.com

Global:
Adriana Blasco
This email address is being protected from spambots. You need JavaScript enabled to view it.
+34 93.205.81.00
www.tradebe.com

HALIFAX, Nova Scotia--(BUSINESS WIRE)--Jackie Sheppard, Chair of Emera Inc. (TSX: EMA), announces the appointment of Gil Quiniones to Emera’s Board of Directors, effective today.

“Gil will be a tremendous contributor to the Emera Board,” says Sheppard. “He brings extensive experience and is one of today’s energy industry leaders driving innovation, new technologies and cleaner energy solutions for customers.”

Mr. Quiniones’ career spans 30 years and extends across regulated and unregulated utility markets, public utilities, and state and local governments.

As President and CEO of the New York Power Authority (NYPA), Mr. Quiniones is playing a key role in state-led energy reform initiatives to empower customers and encourage the growth of clean renewable energy and energy efficiency. He has also served as Chief Operating Officer and Executive Vice President, Marketing Sales and Corporate Affairs at the NYPA. Previously, he was Senior Vice President of Energy and Telecommunications at the New York City Economic Development Corporation.

Mr. Quiniones is a member of numerous not-for-profit boards and energy research associations in the U.S., including Chair of GridWise Alliance, past Chair and current board member of the Electric Power Research Institute and Vice Chair of the New York Energy Research and Development Authority.

Mr. Quiniones grew up in the Philippines and earned his Bachelor of Science degree in Mechanical Engineering from De La Salle University in Manila. He lives in New York with his family.

About Emera

Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, with approximately $31 billion in assets and 2020 revenues of more than $5.5 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.

Media
Dina Seely
(902) 478-0080
This email address is being protected from spambots. You need JavaScript enabled to view it.

Unprecedented Market Momentum Attributed to Strategic Acquisitions, Increased Value for Customers and Unmatched Global Capabilities

CHICAGO--(BUSINESS WIRE)--project44, the global leader in real-time supply chain visibility, announced record growth in Q2, including enterprise net dollar retention of 129% and 123% year-over-year growth in ARR. Already the largest visibility platform company as measured by ARR, customer count, and carriers, project44’s ARR in Q2 was more than the sum of the next top six visibility companies combined for the same quarter.

Global supply chain disruptions coupled with significant market excitement surrounding the acquisition of ClearMetal and Ocean Insights contributed to a surge in customers selecting project44 in Q2. The project44 Platform now supports more than 680 global shippers and third-party logistics providers and offers visibility into a network of more than 110,000 multimodal carrier integrations and 1.8M assets – the largest carrier network available in a visibility platform today.

“Over the past year, nearly every organization across the globe has dealt with the impact of supply chain disruptions caused by hurricanes, trade wars, port blockages, floods or the global pandemic,” said Jett McCandless, CEO and founder of project44. “These organizations are flocking to our multimodal visibility platform because it helps them get ahead of challenges before they happen and move from a reactive posture to a more agile, proactive approach.”

Continuously Adding Value for Customers

project44 is the largest ARR and fastest growing SaaS platform for real-time, end-to-end transportation visibility. In Q2, project44 closed its Series E investment of $202M co-led by investors Goldman Sachs Asset Management (Goldman Sachs) and Emergence Capital. The acquisition and subsequent integration of ClearMetal and Ocean Insights helped to drive 74 new customers to the platform in Q2 – including 44 new global shippers who chose project44 as their visibility platform of choice – a 573% year-over-year increase in new logo growth.

ClearMetal brought the world’s top data scientists and machine learning experts in logistics along with three data-quality related patents (pending). Ocean Insights added unmatched ocean visibility, together bringing more than 500% growth in combined quarterly ocean visibility sales and $2.9M ARR for Ocean in Q2.

“To say that project44’s Ocean Insights and ClearMetal acquisitions have been well-received by our customers and the market would be an understatement,” said McCandless. “With ClearMetal data science and machine learning expertise allowing us to solve the core challenges of multimodal transportation visibility and ETAs for our customers, and Ocean Insights allowing us to fill the ocean visibility gaps that customers had previously faced, the value that the project44 Platform delivers to our customers has increased exponentially, resulting in an explosive quarter.”

Today, more than 680 of the world’s leading brands rely on project44, including:

• The top three Fortune 100 companies
• 11 of the top 20 CPG conglomerates worldwide
• Nine of the top ten international freight forwarders
• Eight of the world’s top ten freight brokerages
• Eight of the Gartner Top 25 Supply Chain for 2021, including four of the five recognized as Masters

project44’s win rate against competitors continued to improve. For Q2 new business deals, customers selected project44 versus North American competitors 84% of the time, and versus European competitors 92% of the time.

Top reasons cited by customers include:

• Unmatched data quality resulting from industry-leading and patented machine learning techniques
• Rapid onboarding, low resource requirements, and speed to value from the industry’s first and best carrier onboarding program and SLA
• Global network coverage with strength in Europe, as well as physical presence in South America and Asia
• Strength in providing shippers with inbound visibility from non-controlled supplier shipments

“If the past 18 months have taught us anything, it’s that the global supply chain is in a state of flux, and will continue to be for the foreseeable future,” said Jamie Bragg, Chief Supply Chain Officer from Tailored Brands, Inc. “Enhanced visibility combined with state-of-the-art business intelligence of where our raw materials are, as well as the products we are manufacturing and purchasing around the globe, are going to be table stakes for the supply chains of the future. project44 will allow us to better manage our inventory, labor and consumer expectations in a way that positively affects both the top and bottom line of our business.”

The company’s hypergrowth in Q2 builds on its strong Q1 performance with more than 100% growth in ARR.

Geographic Expansion

project44’s investment in geographic expansion resulted in unprecedented growth in Europe, with a 223% increase in new customers selecting project44 year-over-year. The company’s aggressive carrier network expansion and commercial efforts focused on several areas, including carrier recruitment and data science to deliver the industry’s most complete global data across all transportation modes and borders, and industry leading customer success.

In Q2, project44 signed a strategic global partnership with CEVA Logistics expanding project44’s footprint in growth regions, including Brazil, Italy, United Kingdom, Turkey, Netherlands and Australia.

“CEVA Logistics is a global organization, so we were looking for a partner that could help us manage very complex supply chain scenarios at scale. project44’s holistic supply chain vision and the size and quality of their carrier network, combined with their industry leading visibility platform and uniquely experienced, global team made them the right choice for CEVA,” said Xavier Bour, Global Head of Ground at CEVA Logistics. “After looking at the options available to us and speaking with some of their customers, I was convinced that project44 was the best organization to help CEVA Logistics deliver responsive logistics solutions to our customers,” he continued.

In Q2, the company continued to expand its commercial efforts in Asia. The company announced real-time shipment tracking services in China giving project44 customers the same transportation visibility in Asia Pacific that it offers across North America and Europe.

Market-Leading Platform for Innovation

project44 continued to invest in platform, ecosystem and data science capabilities that deliver the most complete end-to-end supply chain visibility. In the area of workflow automation, project44 customers experienced streamlined carrier onboarding processes, proactive shipment planning and enhanced transportation schedule management across modes of transportation and geographies. As a category leader, named as a Leader in the 2021 Gartner Magic Quadrant for Real-time Transportation Visibility, the company is uniquely positioned to attract and acquire other top companies in respective Logistics categories.

Team Growth

project44 closed Q2 with 511 global team members in 16 offices across 4 continents, including 13 offices in Europe. The company welcomed ~40 new team members though the ClearMetal acquisition and established a new center of excellence in San Francisco. Key new team members include Sanida Bratt, SVP Product, and Q Carlson, SVP Design. Michael Wallraven joined project44 as VP and Managing Director for Germany, Austria and Switzerland, where he is responsible for all commercial initiatives. He brings more than 25 years of experience in B2B growth leadership as well as supply chain expertise from his successful track record at LLamasoft and GT Nexus. For more information about career opportunities visit https://www.project44.com/about/careers.

To learn more about the technology that has established project44 as the industry leader in end-to-end supply chain visibility, visit http://project44.com.

About project44

project44 is the world’s leading advanced visibility platform for shippers and logistics service providers. project44 connects, automates and provides visibility into key transportation processes to accelerate insights and shorten the time it takes to turn those insights into actions. Leveraging the power of the project44 cloud-based platform, organizations increase operational efficiencies, reduce costs, improve shipping performance, and deliver an exceptional Amazon-like experience to their customers. Connected to thousands of carriers worldwide and having comprehensive coverage for all ELD and telematics devices on the market, project44 supports all transportation modes and shipping types, including Air, Parcel, Final-Mile, Less-than-Truckload, Volume Less-than-Truckload, Groupage, Truckload, Rail, Intermodal, and Ocean. In 2021, project44 was named a Leader among Real-Time Transportation Visibility Providers in Gartner’s Magic Quadrant. To learn more, visit www.project44.com.

Rebecca Selby
SVP, Corporate Marketing
This email address is being protected from spambots. You need JavaScript enabled to view it.

AMES, Iowa--(BUSINESS WIRE)--Renewable Energy Group, Inc. (NASDAQ:REGI) today announced that its management team is scheduled to attend the following virtual investor conferences. Attendance at these conferences is by invitation only for clients of each respective firm. Interested investors should contact your respective sales representative to register and for one-on-one meetings to secure a time.

• On Monday, Aug 16, 2021, the management team will participate in the Beating Wall Street Virtual Financial Growth and Value Summer Investor Series. The Company will host virtual one-on-one meetings with institutional investors throughout the day.

• On Wednesday, Aug 18, 2021, at 1:00 PM ET / 11:00 AM MST, the management team will present in a panel at the Piper Sandler Energy Transition Leaders Summit in Aspen, Colorado. The Company will also host one-on-one meetings in person with institutional investors throughout the day.

• On Wednesday, Sept 8, 2021, at 11:20 AM ET / 10:20 AM CT, the management team will present at the Cowen Virtual Global Transportation and Sustainable Mobility Conference. The Company will also host virtual one-on-one meetings with institutional investors throughout the day.

About Renewable Energy Group

Renewable Energy Group, Inc. is leading the energy and transportation industries’ transition to sustainability by transforming renewable resources into high-quality, sustainable fuels. Renewable Energy Group is an international producer of sustainable fuels that significantly lower greenhouse gas emissions to immediately reduce carbon impact. Renewable Energy Group utilizes a global integrated procurement, distribution and logistics network to operate 12 biorefineries in the U.S. and Europe. In 2020, Renewable Energy Group produced 519 million gallons of cleaner fuel delivering 4.2 million metric tons of carbon reduction. Renewable Energy Group is meeting the growing global demand for lower-carbon fuels and leading the way to a more sustainable future.

Investor Relations:
Renewable Energy Group
Todd Robinson
Deputy Chief Financial Officer and Treasurer
+1 (515) 239-8048
This email address is being protected from spambots. You need JavaScript enabled to view it.

Solar industry’s leading MLPE company to deliver solar installer training and education on August 10^th and 11^th at the preeminent PV training conference in Knoxville, Tennessee

CAMPBELL, Calif.--(BUSINESS WIRE)--Tigo Energy, Inc., the solar industry’s leading Flex MLPE (Module Level Power Electronics) supplier, today announced that the company will be training solar installation professionals on how to “choose the right MLPE feature set for performance, monitoring, and PV safety” at the upcoming North American Board of Certified Energy Practitioners (NABCEP) conference. With over 1GW of RSD supplied in the past twelve months, Tigo holds the leadership position and continues to invest in education. This coursework will enable PV industry professionals to earn continuing education credits while learning skills required in the growing solar market.

Tigo Energy is uniquely positioned to provide installers with guidance and training on this topic, as the company’s TS4 Flex MLPE (Module Level Power Electronics) gives customers the freedom to choose the right features, inverter, and module for their solar installation. The products provide optimization in an effort to increase energy output, monitoring to lower operating expenses, and rapid shutdown to enhance safety and meet the NEC code requirements. Augmenting these choices, Tigo recently released the Energy Intelligence (EI) platform to simplify fleet management for installers.

Greg Smith, Tigo director of training, will be leading these technical sessions at the NABCEP conference. Since 2008, Smith has trained thousands of solar energy installers, designers, inspectors, and utility engineers and has spoken at numerous conferences around the world. In addition to his chairmanship of the NABCEP Veteran's Committee, he is a published author on residential solar-plus-storage. Smith recently joined Tigo with a mission to educate and train solar installers internationally.

“The Tigo Energy goal is to ensure PV professionals have the tools to use MLPE hardware and software to sell more systems, save money on operations and maintenance, and enhance system owner satisfaction,” according to Dru Sutton, Tigo vice-president of North American sales. “Greg’s session will help them to go beyond rapid shutdown for code compliance and use MLPE for monitoring and optimization as well.”

Smith will be presenting in Room 301c from 9:00-10:30 AM on August 10, 2021 and again in Room 301B from 4:30-6:00 PM on August 11, 2021. Tigo representatives will also be available at the conference for additional consultation.

To learn more about Tigo, visit the Tigo website. To engage in the Tigo community and find answers to solar industry-related questions, visit the newly released Tigo Energy Forum.

About Tigo Energy

Tigo Energy is the worldwide leader in Flex MLPE (Module Level Power Electronics) with innovative solutions that increase solar energy production, decrease operating costs, and significantly enhance safety of solar energy systems. The Tigo TS4 platform maximizes the benefit of solar and provides customers with the most scalable, versatile, and reliable MLPE solution available. Tigo was founded in Silicon Valley in 2007 to accelerate the adoption of solar energy worldwide. Tigo systems operate on seven continents and produce gigawatt hours of reliable, clean, affordable, and safe solar energy daily. With a global team, Tigo Energy is dedicated to making the best MLPE on earth so more people can enjoy the benefits of solar. Find us online at www.tigoenergy.com.

Media Contact for Tigo
John Lerch
This email address is being protected from spambots. You need JavaScript enabled to view it.

Supporting the Energy Transition, the Fuel Cell Portfolio Will Provide Cleaner, Reliable, and Baseload Power for Companies in California, New York, New Jersey, Massachusetts, Connecticut and Maryland

NEW YORK--(BUSINESS WIRE)--Daroga Power, an investor and developer of distributed generation energy assets, today announced that they have closed an infrastructure portfolio fund to deploy 32.85 MW of Bloom Energy solid oxide fuel cells (“SOFC”).

Approximately 6 MW of fuel cells in the portfolio are already operational. The additional fuel cells will be deployed through the end of 2022 and are committed to 17 market-leading and Fortune 500 commercial and industrial off-takers under long-term energy services agreements. Once completed, the fuel cells will produce reliable, cleaner, baseload energy at customer sites in California, New York, New Jersey, Massachusetts, Connecticut, and Maryland.

“We believe in the power of distributed generation to mitigate the risks that companies face from extreme weather, brownouts and blackouts, and unknown energy costs. Fuel cells enable companies to reduce their environmental footprint, while being able to budget for and reduce their energy spend,” said Ory Moussaieff, co-founder of Daroga Power.

The fund was developed through a private joint venture “RAD Energy Solutions”, a partnership between Daroga Power and an affiliate of Related Companies. The sponsor and tax equity were privately raised with a sponsor contribution of $21.5 million. Bank of America has committed up to $68 million of tax equity. Silicon Valley Bank provided the debt financing of approximately $135 million. Further financial details were not disclosed.

“Scaling capital deployment for fuel cell technology, including Bloom’s SOFC as well as many other innovative decarbonization technologies, is an important part of BofA’s $1.5 trillion 2030 Sustainable Finance commitment,” said Karen Fang, Global Head of Sustainable Finance at Bank of America.

“BofA is very pleased to have closed this solid oxide fuel cell financing in partnership with Bloom Energy and Daroga Power. We believe Bloom’s SOFC is an important technology in reducing emissions from existing forms of energy,” added Omer Farooq, Managing Director, Global Sustainable Finance Group – Asset Finance, Bank of America.

“We are excited to work with Daroga Power to support the build out of a resilient, reliable, and efficient portfolio of distributed fuel cell projects, and we are proud to expand our relationship with Bloom Energy,” said Bret Turner, Market Manager of Project Finance at Silicon Valley Bank. “Our project finance team is dedicated to accelerating the energy transition by providing market liquidity and financing for innovative projects and technologies.”

Bloom Energy will serve as the provider of the fuel cells for the portfolio and will maintain the equipment under a long-term maintenance and operation agreement. Daroga Power, as managing member of RAD Energy Solutions, will oversee operation and financial performance of the fuel cell assets.

“Bloom Energy is excited to partner with RAD, Silicon Valley Bank, and Bank of America to further scale deployment of our solid oxide fuel cell platform. A path to net-zero carbon emissions must include partnerships and collaboration with organizations focused on the advancement of a low carbon economy,” said Scott Reynolds, global head of structured finance and corporate development, Bloom Energy. “We’re particularly pleased to add Bank of America as a new source of tax equity, and to continue our track record of success with RAD and Silicon Valley Bank.”

Bloom Energy’s solid oxide fuel cell systems are advanced distributed power generation systems that convert fuel to electricity without combustion to deliver reliable, resilient, cleaner, and affordable baseload power. The benefits of deploying fuel cells for commercial and industrial power needs include reduced greenhouse gas emissions, virtually no harmful smog-forming particulate matter, high reliability, flexibility in installation and operation, and improved environmental quality.

In the deal, RAD Energy Solutions was represented by Norton Rose Fulbright & Fucci Law and Bank of America was represented by Millbank.

“With this structured deal, we are nearly tripling our fuel cell portfolio. Our reputation for strong management means we are able to bring respected partners to the table and be creative in how we privately structure these funds,” said David Matt, co-founder of Daroga Power.

This is the second fuel cell portfolio announcement for Daroga Power in less than one year. In December 2020, the company announced a 12 MW fuel cell portfolio valued with an enterprise value of $103 million. That portfolio of 48 Bloom Energy fuel cells is located throughout New York and is reducing consumers’ electricity costs through Daroga Power’s energy platform goCDG.com.

About Daroga Power

Launched in 2015, Daroga Power is a New York-based clean energy infrastructure firm focused on the development and disciplined management of strategically innovative and socially responsible energy projects throughout North America. Applying the discipline of both a strong financial and fast-track development background, Daroga Power is one of the few companies able to privately structure finance deals to acquire and manage distributed generation portfolios. With their successful track record and deep background, Daroga Power is rapidly becoming a leader in the shift to distributed generation that is reshaping the relationship between local utilities and their customers.

Learn more at www.darogapower.com

Loretta Prencipe
This email address is being protected from spambots. You need JavaScript enabled to view it. | 202.658.9024

Island focused on developing renewable energy sources

KINGSTON, Jamaica--(BUSINESS WIRE)--#DOBUSINESSJAMAICA--The Caribbean’s leader in renewable energy, Jamaica, is making significant strides in boosting the diversification of its energy sector, as the government looks to implement the island’s ambitious Integrated Resource Plan (IRP).

The initiative has set a goal of adding around 1,600 megawatts (MW) of generation capacity over the next 20 years to expand the island’s energy resources. The aim is to facilitate reduced energy prices, and decrease vulnerability of the energy sector to external shocks such as oil prices. The IRP creates business opportunities in the form of requests for proposals (RFPs) that seek investors to fulfill the demand for more energy generation.

The IRP’s targets include 1260 MW of wind and solar, 330 MW of liquid natural gas (LNG), and 74 MW of hydro, biomass or waste energy by the year 2037. JAMPRO, Jamaica’s investment promotions agency, is tasked with securing the local and foreign investment that will drive the plan’s success, and the achievement of these targets.

The island is well on its way. Jamaica wants to have 33 per cent of electricity generation from renewables by 2030, and there are already impressive renewable energy projects on the island that are proving to be a strong foundation for the country’s energy resource plan. The 20-megawatt (MW) Content Solar Ltd. solar energy electricity generation plant owned by WRB Energy Company in Clarendon is one such example. In Westmoreland, the largest photovoltaic power plant in Jamaica, the 51 MWp (megawatts-peak) Paradise Park solar farm, is one of the island’s cheapest producers of energy.

There is also the Wigton Windfarm in Rose Hill, Manchester, which is the largest facility of its kind in the Caribbean with a 20.7 MW plant and an 18 MW extension facility. Jamaica’s energy provider, the Jamaica Public Service (JPS)’s Munro Wind Farm has a 3 MW capacity, while Blue Mountain Renewable (BMR) Jamaica Wind generates 34 MW. In St. Elizabeth, the JPS utility company operates a 7.2 MW hydro-electric plant in Maggoty.

Regarding these projects, Don Gittens, JAMPRO’s Manager of Logistics, Energy, and Infrastructure, stated “Current renewable energy projects represent approximately 14 per cent of energy generation in Jamaica, but our target is 50 per cent. There is therefore a significant opportunity because we have that gap between 14 per cent and 50 per cent that we intend to fill with additional renewable energy investments.”

Jamaica is currently seeking to procure 320 MW of wind and solar, 120 MW of LNG and 74 MW of hydro, biomass or waste energy for this year. Gittens elaborated, “That is the opportunity that exists right now for investors, so, these are very exciting times.”

Interest high in Jamaica’s energy sector

According to JAMPRO, there is serious interest in Jamaica’s energy sector. The Agency is entertaining several local and international investors who are interested in partaking in the RFP that is to come with the aforementioned energy generation opportunities.

This interest was maintained by JAMPRO through the pandemic, as the organisation chose to intensify its marketing activities. The company increased its digital outreach and direct engagements with sector leaders and business executives locally and internationally.

Diane Edwards, President of JAMPRO, said, “While there was a feeling of uncertainty, especially at the beginning of the pandemic, we knew that we had to continue to nurture our relationships and the renewable energy opportunity in Jamaica, and increase our marketing activities. COVID-19 re-emphasised the fact that sectors like logistics, energy, and agriculture must be major priorities, so the Jamaican government really used this time to identify the areas that needed even more focus as we continue Jamaica’s development.”

Sector development initiatives have continued, and JAMPRO has partnered with entities like New Energy Events and the REA - The Association for Renewable Energy & Clean Technology in the UK to continue its global promotion of the energy industry. Jamaica has also begun work on the development of an electronic vehicle charging network, confirming the country’s commitment to alternative energy sources.

“This is a very exciting time within the local and global energy sector as everything is moving towards renewable energy,” Gittens enthused. “Once the RFPs are ready, we are confident there will be a lot of investment coming through.”

ABOUT JAMPRO

The Jamaica Promotions Corporation (JAMPRO)’s mission is to drive economic development through growth in investment and export. JAMPRO is an Agency of the Ministry of Industry, Investment, and Commerce.

For more information on JAMPRO, please visit https://dobusinessjamaica.com/.

Follow us on:

Twitter
Facebook
Instagram
LinkedIn

Integrated Marketing Communications
Tamica Parchment
This email address is being protected from spambots. You need JavaScript enabled to view it.
Tele: 876-978-7755

DUBLIN--(BUSINESS WIRE)--The "Global Oil and Gas Discoveries, H1 2021 Review - Norway Led Discoveries Count in H1 2021" report has been added to ResearchAndMarkets.com's offering.

In H1 2021, a total of 55 oil and gas discoveries were made globally with conventional oil and gas resources dominating the discoveries landscape.

Among regions, South America and Asia were the top regions globally, each with 10 oil and gas discoveries in H1 2021. Among countries, Norway led globally in terms of count of discoveries in H1 2021 with nine.

Of these, seven were conventional oil discoveries and the remaining two were conventional gas discoveries. Among operators, Equinor Energy AS and Turkiye Petrolleri Anonim Ortakligi (TPAO) have been the most successful in H1 2021, with four discoveries each. Oil and Natural Gas Corp., Eni S.p.A., and Kuwait Oil Co. are next with three discoveries each.

Scope

• Count of oil and gas discoveries by key countries in H1 2021 vis-a-vis H2 2020
• Count of oil and gas discoveries by key operators in H1 2021 vis-a-vis H2 2020
• Count of oil and gas discoveries by well terrain in H1 2021 vis-a-vis H2 2020
• Count of oil and gas discoveries by resource type in H1 2021 vis-a-vis H2 2020
• Select details about oil and gas discoveries in H1 2021

Reasons to Buy

• Obtain most up to date information available on the global oil and gas discoveries in H1 2021
• Facilitate decision making on the basis of strong discoveries data
• Develop business strategies with the help of specific insights on oil and gas discoveries data
• Assess your competitor's oil and gas discoveries

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

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE:TDW) announced today revenue for the three and six months ended June 30, 2021 of $90.0 million and $173.5 million, respectively, compared with $102.3 million and $218.7 million, respectively, for the three and six months ended June 30, 2020. Tidewater's net losses for the three and six months ended June 30, 2021, were $29.5 million ($0.72 per common share) and $64.8 million ($1.59 per common share), respectively, compared with $110.6 million ($2.74 per common share) and $129.1 million ($3.21 per common share) for the three and six months ended June 30, 2020. Included in the net losses for the three and six months ended June 30, 2021 were severance expenses of $0.8 and $0.9 million, respectively; and a credit loss impairment credit of $1.0 million for both periods. Excluding these items, we would have reported a net loss for the three and six months ended June 30, 2021 of $29.7 million ($0.73 per common share) and $64.9 million ($1.59 per common share), respectively. Included in the net losses for the three and six months ended June 30, 2020 were $111.5 million and $121.8 million, respectively, in long-lived asset impairments, affiliate credit losses, affiliate guarantee obligations, and one-time severance expenses. Excluding these costs, we would have reported net income for the three months ended June 30, 2020 of $0.9 million ($0.02 per common share) and a net loss for the six months ended June 30, 2020 of $7.3 million (or $0.18 per common share).

Quintin Kneen, Tidewater’s President and Chief Executive Officer, commented, “Revenue, active vessels, average day rate, active utilization, and operating margin were all up on a consolidated basis in the second quarter. Individual geographic segments were mixed, but the overall trend and our outlook are constructive as we proceed through the remainder of the year. We continued our track record of generating meaningful free cash flow during the second quarter of 2021. During the second quarter, we generated $26.0 million of free cash flow, and over the trailing 12 months we have generated $84.0 million. The scalable shore base infrastructure we built over the past few years is helping us drive reliable and increasing free cash flow generation, as demonstrated by the substantial incremental operating income margins in the quarter.

“During the second quarter of 2021, revenue improved 7.7% sequentially, driven primarily by vessels reactivated in response to the increase in activity in the Europe and Mediterranean and West Africa regions. During the second quarter, we reactivated seven vessels, bringing the total number of vessel reactivations to 12 during the first six months of 2021.

“At the end of the second quarter, we had $135.2 million of principal outstanding on our senior secured notes, which are scheduled to mature in August 2022, along with $151.4 million of cash on the balance sheet. We continue to monitor the debt capital markets for the optimal timing of a potential refinance of all or a portion of these notes, as early repayment of this debt carries a significant pre-payment penalty. During the quarter, we decreased our net debt position by $21.1 million, ending the second quarter with $4.5 million of net debt on the balance sheet. We remain dedicated to our objective of meaningful free cash flow generation though the maturity of these notes and thereafter.

“Our ongoing fleet development program includes the sale or responsible recycling of vessels that are deemed uneconomic or which otherwise do not meet our future strategic goals, and during the second quarter we disposed of seven vessels and other assets for $18.6 million. We expect both the sale and recycling of vessels to taper off in the next 12 months as we work through the 14 vessels remaining in assets held for sale.

“Lastly, we continue to monitor the COVID-19 Delta variant. Similar to the steps we took in 2020 to protect our employees and our cash generation capability, we will take appropriate steps to continue to safeguard our employees and optimize our business as these later phases of the pandemic unfold. We have not seen a significant impact to our operations due to the Delta variant, although we were originally anticipating the additional costs of the pandemic to wane throughout 2021 and we now anticipate those costs to continue at the same level for the next few quarters. The new phase of the pandemic, however, doesn’t seem to be limiting broader market inertia and, in fact, we continue to see activity increase in most geographic regions.”

In addition to the number of outstanding shares, as of June 30, 2021, the company also has the following in-the-money warrants.

Tidewater will hold a conference call to discuss results for the three months ending June 30, 2021 on August 10, 2021, at 8:00 a.m. Central Time. Investors and interested parties may listen to the earnings conference call via telephone by calling +1-888-771-4371 if calling from the U.S. or Canada (+1-847-585-4405 if calling from outside the U.S.) and asking for the “Tidewater” call just prior to the scheduled start time. A live webcast of the call will also be available in the Investor Relations section of Tidewater’s website at investor.tdw.com.

A replay of the conference call will be available beginning at 10:30 a.m. Central Time on August 10, 2021 and will continue until 11:59 p.m. Central Time on September 10, 2021. To access the replay, visit the Investor Relations section of Tidewater’s website at investor.tdw.com.

The conference call will contain forward-looking statements in addition to statements of historical fact. The actual achievement of any forecasted results or the unfolding of future economic or business developments in a way anticipated or projected by the company involves numerous risks and uncertainties that may cause the company’s actual performance to be materially different from that stated or implied in the forward-looking statements. Such risks and uncertainties include, among other things, risks associated with the general nature of the oilfield service industry and other factors discussed within the “Risk Factors” section of Tidewater’s most recent Forms 10-Q and 10-K.

Tidewater owns and operates one of the largest fleets of offshore support vessels in the industry, with more than 65 years of experience supporting offshore energy exploration, production, and generation activities worldwide.

Note: All per-share amounts are stated on a diluted basis.

Financial information is displayed beginning on the next page.