Todd Dittmann of Angelo Gordon Energy Joins the Board of Directors

SAN ANTONIO--(BUSINESS WIRE)--Abraxas Petroleum Corporation (“Abraxas” or the “Company”) (NASDAQ:AXAS) today announced that it has completed the final elements of its recent refinancing transactions. As disclosed in the Company’s Form 8-K filed on August 13, 2020 with the Securities and Exchange Commission, the Company issued a Warrant to an affiliate of Angelo Gordon (collectively, “AG”) granting AG the right to purchase up to 33,445,792 shares of the Company’s common stock for a purchase price of $.01 per share, at any time during the next five years. In connection with the issuance of the Warrant, the Company also entered into a Registration Rights Agreement and a Governance Agreement with AG. Please see the Company’s Form 8-K filed on August 13, 2020 for a more detailed summary of those agreements and their full texts.

As disclosed in the Company’s Form 8-K filed on June 26, 2020, the Company amended its credit facilities and agreed to a cash sweep feature to pay down the first lien, with allowances for necessary Capex and G&A expense; AG agreed to PIK interest on the second lien note, enhancing the Company’s ability to generate cash to support the cash sweep feature on the first lien note; and the Company secured covenant relief and relief from periodic borrowing base redeterminations by the first lienholders. Please see the Company’s previously filed Form 8-Ks for a more detailed summary of those agreements and their full texts.

Pursuant to the Governance Agreement, AG designated Todd Dittmann to be appointed as a director of the Company and he was duly appointed by the Company’s Board. Mr. Dittmann is Head of Energy at Angelo Gordon and a member of the AG’s executive committee. He has spent more than 25 years in energy finance with investing and board experience in both public and private companies.

“We are pleased to have Todd Dittmann as a new director,” said Bob Watson, Abraxas CEO. “Now that we have successfully amended our agreements with Angelo Gordon and our banks, the Company’s cash flow is more predictable and should provide time to consider other strategic alternatives.”

The Company also announced that due to a tolling of time periods by NASDAQ due to COVID-19, it has until November 6, 2020 to meet the NASDAQ Minimum Bid Price standard of maintaining a price in excess of $1.00 per share for a minimum period 10 or more consecutive trading days.

Abraxas Petroleum Corporation is a San Antonio based crude oil and natural gas exploration and production company with operations across the Rocky Mountains and Permian Basin.

Safe Harbor for forward-looking statements: Statements in this release looking forward in time involve known and unknown risks and uncertainties, which may cause Abraxas’ actual results in future periods to be materially different from any future performance suggested in this release. Such factors may include, but may not be necessarily limited to, changes in the prices received by Abraxas for crude oil and natural gas. In addition, Abraxas’ future crude oil and natural gas production is highly dependent upon Abraxas’ level of success in acquiring or finding additional reserves. Further, Abraxas operates in an industry sector where the value of securities is highly volatile and may be influenced by economic and other factors beyond Abraxas’ control. In the context of forward-looking information provided for in this release, reference is made to the discussion of risk factors detailed in Abraxas’ filings with the Securities and Exchange Commission during the past 12 months.

Steve Harris/Vice President – Chief Financial Officer
Telephone 210.490.4788
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www.abraxaspetroleum.com

FORT WORTH, Texas--(BUSINESS WIRE)--Lonestar Resources US Inc. (NASDAQ: LONE) (including its subsidiaries, “Lonestar,” “we,” “us,” “our” or the “Company”) today reported financial and operating results for the three months ended June 30, 2020.

HIGHLIGHTS

• Lonestar responded to a collapse in crude oil prices during the second quarter by shutting-in most of its crude oil production in the month of May, and consequently reported a 2% decrease in net oil and gas production to 13,339 BOE/d during the three months ended June 30, 2020 (“2Q20”), compared to 13,630 BOE/d for the three months ended June 30, 2019 (“2Q19”). Production was comprised of 70% crude oil and NGL’s on an equivalent basis.
• Lonestar reported a net loss attributable to its common stockholders of $42.9 million during 2Q20 compared to a net income of $11.2 million during 2Q19. Excluding, on a tax-adjusted basis, certain items that the Company does not view as either recurring or indicative of its ongoing financial performance, Lonestar’s adjusted net loss for 2Q20 was $1.4 million. Most notable among these items include: a $42.2 million unrealized (non-cash) hedging loss on financial derivatives (‘mark-to-market’) and a $2.2 million of non-recurring G&A expense. Please see Non-GAAP Financial Measures at the end of this release for the definition of Adjusted Net Income (Loss), a reconciliation of net income (loss) before taxes to Adjusted Net Income (Loss), and the reasons for its use.
• Lonestar reported Adjusted EBITDAX for 2Q20 of $29.1 million. On a sequential basis, Adjusted EBITDAX remained flat due to stringent cost management and substantial hedging despite a 50% decrease in wellhead pricing. Please see Non-GAAP Financial Measures at the end of this release for the definition of Adjusted EBITDAX, a reconciliation of net (loss) income attributable to common stockholders to Adjusted EBITDAX, and the reasons for its use.
• Lonestar continues to utilize commodity derivatives to create a higher degree of certainty in our cash flows and returns while mitigating financial risk. Lonestar has crude swap volumes of 7,628 Bbls/d for the balance of 2020 (Bal ’20), at an average WTI price of $57.36/Bbl, and 7,000 Bbls/d for 2021 (Cal ’21) at an average WTI price of $50.40/Bbl. In most capital spending scenarios, our crude oil hedges cover all of oil production for Bal ‘20 and Cal ‘21. Lonestar also has Henry Hub natural gas swaps covering 20,000 MMBTU/d at a weighted-average price of $2.57 per MMBTU for Bal ‘20, and 27,500 MMBTU/d at a weighted-average price of $2.36 per MMBTU for Cal ’21, which cover substantial portions of our anticipated production. Notably, all of the Company’s current hedges are swaps. Lonestar’s hedge book significantly insulates our future production from fluctuations in the commodity markets. At the end of the quarter, the mark-to-market of Lonestar’s hedge book is approximately $50 million and is a significant financial and strategic asset for the Company.
• Highly volatile oil and gas pricing experienced during the second quarter of 2020 dictated unprecedented actions by the industry, and Lonestar is no exception. During April, oil prices averaged $14.00/Bbl and Lonestar sold its full deliverability. In May, oil pricing was extremely volatile. At the wellhead, prices started the month at approximately $5.00/Bbl and gradually recovered to approximately $20.00/Bbl by the end of the month, and averaged approximately $15.00/Bbl. Based on this price action, Lonestar elected to shut-in virtually all of its crude oil production in the month of May. By contrast, Lonestar’s properties in the Condensate Window (Horned Frog and Sooner) offered favorable cash flow and profitability, and the Company elected to sell gas and NGL’s in May from these properties, while storing all of its condensate in frac tanks in anticipation of improved pricing in June. With oil prices essentially doubling in June, Lonestar sold its full deliverability, including the condensate it stored during May, and did so at twice the price it would have received in May. As a point of reference, Lonestar estimates that if it were to have sold its full deliverability in the second quarter of 2020, oil and gas sales would have averaged 15,000 BOE/d. Lonestar estimates that third quarter sales will range between 14,000 and 14,500 BOE/d.

OPERATIONAL UPDATE

• Production- Lonestar reported net oil and gas production of 13,339 BOE/d during the three months ended June 30, 2020. 2Q20 production volumes consisted of 6,365 barrels of oil per day (48%), 2,939 barrels of NGLs per day (22%), and 24,211 Mcf of natural gas per day (30%). Lonestar estimates that shut-ins and stored volumes reduced average quarterly production rates by 1,700 BOE/d.
• Pricing- Lonestar’s Eagle Ford Shale assets continued to deliver favorable wellhead realizations in 2Q20. Lonestar’s wellhead crude oil price realization was $20.68/Bbl, which reflects a discount of $7.17/Bbl vs. WTI. Lonestar’s realized NGL price was $6.59/Bbl, or 32% of WTI. Lonestar’s realized wellhead natural gas price was $1.58 per Mcf, reflecting a $0.13 discount to Henry Hub.
• Revenues- Wellhead revenues fell by $19.8 million to $17.2 million, or 53%, compared to the three months ended March 31, 2020 (“1Q20”), primarily driven by a 55% decrease in oil price realizations, a 23% decrease in NGL price realizations and a 25% decrease in natural gas price realizations.
• Expenses- In response to the sharp downturn in oil and gas prices which have occurred during 2020, Lonestar has made a concerted effort to reduce costs among all of its vendors and service providers, and those organizational expense reductions are beginning to be reflected in the Company’s financial results. In the second quarter, total cash expenses, which include the cash portions of lease operating, gathering, processing, transportation, production taxes, general & administrative and interest expenses were $22.1 million for 2Q20, which reflects a 20% reduction compared to $27.7 million in 1Q20. On a unit of production basis, 2Q20 total cash expenses per BOE were $17.60, a 16% reduction compared to 1Q20. It is notable that these reductions were achieved in spite of incurrence of G&A expenses which the Company considers non-recurring.
  • Lease Operating Expenses (“LOE”), excluding rig standby costs of $0.4 million, were $3.7 million for 2Q20, which was 52% lower than LOE of $7.6 million in 1Q20. On a unit-of-production basis, LOE per BOE were decreased 48% quarter over quarter to $3.01 per BOE in 2Q20.
  • Gathering, Processing & Transportation Expenses (“GP&T”) for 2Q20 were $0.9 million, which was 59% lower than the GP&T of $2.2 million in the three months ended 1Q20. On a unit-of-production basis, GP&T decrease 56% quarter over quarter from $1.64 per BOE in 2Q19 to $0.72 per BOE in 2Q20.
  • Production and ad valorem taxes for 2Q20 were $1.7 million, which was 27% lower than production taxes of $2.4 million in 1Q20. On a unit-of-production basis, production and ad valorem taxes decreased 21% quarter over quarter from $1.80 per BOE in 1Q20 to $1.42 per BOE in 2Q20.
  • General & Administrative Expenses (“G&A”) in 2Q20 were $6.0 million vs. $2.9 million in 1Q20. G&A Expenses, excluding stock-based compensation of ($1.8) million in 1Q20 and $0.1 million in 2Q20, increased from $4.7 million to $5.9 million, respectively. Excluding stock-based compensation, on a unit-of-production basis, G&A per BOE increased 37% quarter over quarter from $3.56 per BOE in 1Q20 to $4.87 per BOE in 2Q20.
  • Interest expense was $10.5 million for 2Q20 vs. $11.6 million for 1Q20. Interest expense excluding amortization of debt issuance cost, premiums, and discounts decreased 9% quarter over quarter from $10.8 million in 1Q20 to $9.9 million in 2Q20. On a unit-of-production basis, interest expense per BOE decreased 1% from $8.25 per BOE in 1Q20 to $8.16 per BOE in 2Q20.

EAGLE FORD SHALE TREND - WESTERN REGION

In our Western Region, production for 2Q20 averaged approximately 7,800 BOE per day, a 1% increase from 2Q19 production. Production consisted of 2,804 barrels of oil per day (36%), 2,139 barrels of NGL’s per day (27%) and 17,144 Mcf of natural gas per day (37%). The Western Region accounted for 48% of the Company’s production during the quarter.

EAGLE FORD SHALE TREND - CENTRAL REGION

In our Central Region, 2Q20 production averaged approximately 5,311 BOE/d, a 6% decrease from 2Q19 rates. Production consisted of 3,432 barrels of oil per day (65%), 746 barrels of NGL’s per day (14%), and 6,803 Mcf of natural gas per day (21%). The decrease in production is largely driven by the shut-in of crude oil production volumes all of our wells in Gonzales, Karnes, Fayette and Lavaca Counties. The Central Region accounted for 50% of the Company’s production during the quarter.

In June, Lonestar began flowback operations on the Hawkeye #14H, Hawkeye #15H, and Hawkeye #16H. These new wells have since cleaned up after flowback and registered the following Max-30 rates which average 1,461 BOE/d:

• Hawkeye #14H – With a 10,979’ perforated interval, the #14H recorded Max-30 rates of 1,186 Bbls/d oil, 87 Bbls/d of NGLs, and 625 Mcf/d, or 1,377 BOE/d on a three-stream basis and was achieved on a 30/64” choke. Currently, the #14H is producing 961 Bbls/d oil, 57 Bbls/d of NGLs, 410 Mcf/d gas, or 1,086 BOE/d on a three-stream basis.

• Hawkeye #15H – With a 10,608’ perforated interval, the #15H recorded Max-30 rates 1,372 Bbls/d oil, 101 Bbls/d of NGLs, and 729 Mcf/d, or 1,595 BOE/d on a three-stream basis and was achieved on a 30/64” choke. Currently, the #15H is producing 1,062 Bbls/d oil, 64 Bbls/d of NGLs, 459 Mcf/d gas, or 1,205 BOE/d on a three-stream basis.

• Hawkeye #16H – With a 9,885’ perforated interval, the #16H recorded Max-30 rates 1,217 Bbls/d oil, 88 Bbls/d of NGLs, and 635 Mcf/d, or 1,411 BOE/d on a three-stream basis and was achieved on a 30/64” choke. Currently, the #16H is producing 970 Bbls/d oil, 55 Bbls/d of NGLs, and 396 Mcf/d gas, or 1,091 BOE/d on a three-stream basis.

In July, the Company completed drilling operations on the Hawkeye #33H, Hawkeye #34H, and Hawkeye #35. These wells were drilled to total measured depths of 20,500, 20,358 feet, and 20,467, respectively, and are expected to have perforated intervals averaging approximately 10,800 feet. These wells are currently held in inventory as Drilled Uncompleted (DUC’s). Lonestar expects to hold a 50% WI / 37.5% NRI in these wells.

ABOUT LONESTAR RESOURCES US INC.

Lonestar is an independent oil and natural gas company, focused on the development, production, and acquisition of unconventional oil, NGLs, and natural gas properties in the Eagle Ford Shale in Texas, where we have accumulated approximately 71,153 gross (51,760 net) acres in what we believe to be the formation’s crude oil and condensate windows, as of June 30, 2020. For more information, please visit www.lonestarresources.com.

CAUTIONARY & FORWARD-LOOKING STATEMENTS

Lonestar Resources US Inc. cautions that this press release contains forward-looking statements, including, but not limited to; Lonestar’s execution of its growth strategies; growth in Lonestar’s leasehold, reserves and asset value; and Lonestar’s ability to create shareholder value. These statements involve substantial known and unknown risks, uncertainties and other important factors that may cause our actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, the following: volatility of oil, natural gas and NGL prices, and potential write-down of the carrying values of crude oil and natural gas properties; inability to successfully replace proved producing reserves; substantial capital expenditures required for exploration, development and exploitation projects; potential liabilities resulting from operating hazards, natural disasters or other interruptions; risks related using the latest available horizontal drilling and completion techniques; uncertainties tied to lengthy period of development of identified drilling locations; unexpected delays and cost overrun related to the development of estimated proved undeveloped reserves; concentration risk related to properties, which are located primarily in the Eagle Ford Shale of South Texas; loss of lease on undeveloped leasehold acreage that may result from lack of development or commercialization; inaccuracies in assumptions made in estimating proved reserves; our limited control over activities in properties Lonestar does not operate; potential inconsistency between the present value of future net revenues from our proved reserves and the current market value of our estimated oil and natural gas reserves; risks related to derivative activities; losses resulting from title deficiencies; risks related to health, safety and environmental laws and regulations; additional regulation of hydraulic fracturing; reduced demand for crude oil, natural gas and NGLs resulting from conservation measures and technological advances; inability to acquire adequate supplies of water for our drilling operations or to dispose of or recycle the used water economically and in an environmentally safe manner; climate change laws and regulations restricting emissions of “greenhouse gases” that may increase operating costs and reduce demand for the crude oil and natural gas; fluctuations in the differential between benchmark prices of crude oil and natural gas and the reference or regional index price used to price actual crude oil and natural gas sales; and the other important factors discussed under the caption “Risk Factors” in our Annual Report on Form 10-K filed with the Securities and Exchange Commission, or the SEC, on April 13, 2020, as well as other documents that we may file from time to time with the SEC. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements, and you should not place undue reliance on our forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements we make. The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release.

(Financial Statements to Follow)

NON-GAAP FINANCIAL MEASURES (Unaudited)

Reconciliation of Non-GAAP Financial Measures

Adjusted EBITDAX

Adjusted EBITDAX is not a measure of net income as determined by GAAP. Adjusted EBITDAX is a supplemental non-GAAP financial measure that is used by management and external users of the Company’s consolidated financial statements, such as industry analysts, investors, lenders and rating agencies. The Company defines Adjusted EBITDAX as net (loss) income attributable to common stockholders before depreciation, depletion, amortization and accretion, exploration costs, non-recurring costs, loss (gain) on sales of oil and natural gas properties, impairment of oil and gas properties, stock-based compensation, interest expense, income tax (benefit) expense, rig standby expense, other income (expense), unrealized (gain) loss on derivative financial instruments and unrealized (gain) loss on warrants.

Management believes Adjusted EBITDAX provides useful information to investors because it assists investors in the evaluation of the Company’s operating performance and comparison of the results of the Company’s operations from period to period without regard to its financing methods or capital structure. The Company excludes the items listed above from net (loss) income attributable to common stockholders in arriving at Adjusted EBITDAX to eliminate the impact of certain non-cash items or because these amounts can vary substantially from company to company within its industry depending upon accounting methods and book values of assets, capital structures and the method by which the assets were acquired.

Chase Booth, 817-921-1889

DUBLIN--(BUSINESS WIRE)--The "Quarterly Equipment and Services M&A Deals Review - Q1 2020" report has been added to ResearchAndMarkets.com's offering.

This report is an essential source of data and trend analysis on M&A (mergers, acquisitions, and asset transactions), in the equipment and services oil and gas industry. The report provides detailed comparative quarter-on-quarter data, on the number of deals and their value, sub-divided into deal types by geographies.

Report Scope

• Analyze market trends for the equipment and services oil and gas industry in the global arena
• Review of deal trends in the market
• Analysis of M&As in the equipment and services oil and gas industry
• Information on the top deals that took place in the industry
• Geographies covered include - North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa

Reasons to Buy

• Enhance your decision making capability in a more rapid and time sensitive manner
• Find out the major deal performing segments for investments in your industry
• Evaluate type of companies divesting / acquiring in the market
• Identify growth segments and opportunities in each region within the industry
• Identify top buyers in the oil and gas equipment and services industry

Sector Highlights

• Mergers and Acquisitions - North America
• Mergers and Acquisitions - Europe
• Mergers and Acquisitions - Asia
• Mergers and Acquisitions - Oceania
• Mergers and Acquisitions - Middle East
• Mergers and Acquisitions - Africa
• Mergers and Acquisitions - South America

List of Tables

• Top Equipment and Services Oil and Gas Transactions in North America in Q1 2020
• Top Equipment and Services Oil and Gas Transactions in Europe in Q1 2020
• Top Equipment and Services Oil and Gas Transactions in Asia in Q1 2020
• Top Equipment and Services Oil and Gas Transactions in Oceania in Q1 2020
• Top Equipment and Services Oil and Gas Transactions in Middle East in Q1 2020
• Top Equipment and Services Oil and Gas Transactions in Africa in Q1 2020
• Top Equipment and Services Oil and Gas Transactions in South America in Q1 2020

List of Figures

• Equipment and Services M&A Deal Value and Count
• Equipment and Services Oil and Gas Regional Deal Share and Value in Q1 2020
• Equipment and Services Oil and Gas North America Deal Value and Count
• Equipment and Services Oil and Gas Europe Deal Value and Count
• Equipment and Services Oil and Gas Asia Deal Value and Count
• Equipment and Services Oil and Gas Oceania Deal Value and Count
• Equipment and Services Oil and Gas Middle East Deal Value and Count
• Equipment and Services Oil and Gas Africa Deal Value and Count
• Equipment and Services Oil and Gas South America Deal Value and Count

For more information about this report visit https://www.researchandmarkets.com/r/nax3yj

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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No Rotating Power Outages Needed Tonight in PG&E Service Area

Customers Previously Notified In Portions Of San Francisco, San Mateo and Contra Costa Counties Will Not Be Impacted By Rotating Power Outages

Customers Strongly Urged to Conserve Electricity through Wednesday Night

PG&E Is Not Calling A Public Safety Power Shutoff

SAN FRANCISCO--(BUSINESS WIRE)--Based on current forecasts for electricity supply and demand, the state’s electric grid operator, the California Independent System Operator (CAISO), has communicated to Pacific Gas and Electric Company (PG&E) that the utility does not need to employ rotating power outages in the early to late evening Sunday.

All customers in portions of San Francisco, San Mateo and Contra Costa counties, who were previously notified via automated calls, will not be impacted by rotating power outages.

PG&E has been on standby throughout the day, opening its Emergency Operations Center to be ready to execute potential rotating outages at the request of the CAISO. PG&E teams will continue to coordinate with the CAISO as the heatwave extends into next week. The CAISO oversees the larger power grid and balances energy demand with supply.

These outages are not Public Safety Power Shutoffs, which are called during specific high fire threat conditions, and they are not related to any issues with PG&E’s equipment or its ability to deliver energy locally.

Electricity Conservation Is Key

With the heatwave expected to continue tomorrow through Wednesday night, PG&E strongly encourages all customers to conserve energy to reduce the strain on the state’s electric grid.

“We strongly urge our customers to take action and conserve their energy usage over the next few days. We continue to work together with many agency partners to address the current statewide heatwave. We know how important it is to have access to reliable power during these times and we appreciate the patience of our customers as we work through this together. Our team will continue working diligently to keep any rotating outages that may be called as short as possible,” said Laurie Giammona, Senior Vice President and Chief Customer Officer for PG&E.

PG&E Tips to Save Energy and Reduce Usage

PG&E strongly urges all customers to conserve energy through next Wednesday.

• Raise the thermostat: Cool homes and use air conditioners more during morning hours. Set the thermostat to 78 degrees when at home during the rest of the day, health permitting. Turn it up to 85 degrees or turn it off when not at home.
• Use a ceiling fan: Turn on a ceiling fan when using the air conditioner, which will allow the thermostat to be raised about 4 degrees to save on cooling costs with no reduction in comfort. Turn off fans and lights when you leave the room.
• Cover windows: Use shade coverings and awnings so the air conditioner won’t have to work as hard to cool the home.
• Avoid using the oven: Instead, cook on the stove, use a microwave or grill outside.
• Limit the opening of refrigerators,which are major users of electricity in most homes. The average refrigerator is opened 33 times a day.
• Clean clothes and dishes early:Use large energy-consuming appliances like washing machines and dishwashers earlier in the day or late at night after 10:00 pm.

PG&E Tips to Stay Safe and Cool

• Plan ahead: Check the weather forecast to prepare for hot days.
• Keep an emergency contact list: Keep a list of emergency phone numbers.
• Have a buddy system: Check in on elderly or people with access and function needs.
• Stay hydrated: Drink plenty of water, even when you are not thirsty.
• Stay cool: Take a cool shower or bath and wear lightweight, loose, light-colored clothing.
• Stay safe: Stay out of direct sunlight and avoid alcoholic or caffeinated beverages.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 23,000 employees, the company delivers some of the nation's cleanest energy to 16 million people in Northern and Central California. For more information, visit pge.com and pge.com/news

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DUBLIN--(BUSINESS WIRE)--The "Agricultural Lubricants Market, Size, Share, Outlook and COVID-19 Strategies, Global Forecasts from 2019 to 2026" report has been added to ResearchAndMarkets.com's offering.

As the Agricultural Lubricants industry shifts, the report presents the emerging market trends, factors driving the Agricultural Lubricants market growth, and potential opportunities over the forecast period. The trends underpinning the profitability of Agricultural Lubricants companies are shifting rapidly, forcing companies to carefully align their strengths in synchronization with Agricultural Lubricants industry trends.

To avoid getting left behind in an intensive competitive Agricultural Lubricants market, global companies need a new approach to ensure they create value in this environment. Amid increasing activities of M&A and growing activist-investor activity, Agricultural Lubricants companies must strengthen their capabilities to maintain their market shares in the Agricultural Lubricants industry.

To assist Agricultural Lubricants manufacturers and vendors to formulate their strategies and analyze their business in the global front, the publisher has published its 2020 series of Agricultural Lubricants market size, share, opportunities, and outlook to 2026. The report explores changing Agricultural Lubricants market landscape, capital markets, strategies, mergers & acquisitions in the global and country-level markets.

Global Agricultural Lubricants Market Overview, 2020

The report presents an introduction to the Agricultural Lubricants market in 2020, analyzing the COVID-19 impact both quantitatively and qualitatively. It presents the strategies being adopted by leading Agricultural Lubricants companies, emerging market trends, Agricultural Lubricants market drivers, challenges, and potential opportunities to 2026. The market attractiveness index is also included to assess the impact of suppliers, buyers, competitive landscape, new entrants, and substitutes on the Agricultural Lubricants market.

Global Agricultural Lubricants Market Segmentation and Forecasts to 2026

The global Agricultural Lubricants market size is forecast across different scenarios including the actual forecasts and COVID affected forecasts from 2019 to 2026. Further, Agricultural Lubricants market revenue and market shares in global industry are forecast across different types of Agricultural Lubricants, applications, and end-user segments of Agricultural Lubricants and across 18 countries.

Global Agricultural Lubricants market analysis by Company

The report presents the 10 leading Agricultural Lubricants companies in the global industry including details of business overview, business operations, SWOT profile, and Agricultural Lubricants products.

Global Agricultural Lubricants market news and developments

Agricultural Lubricants market news and market developments since 2019 including asset purchases, new manufacturing units, product launches, and mergers & acquisitions are included.

Agricultural Lubricants market report scope and structure

The research work includes over 90 data tables and charts prepared based on data in our proprietary databases, which is collected from leading manufacturers and government statistics to ensure reliable market data. It also presents the critical analysis of end-user industries along with internal and external factors affecting the market.

Report Guide

• COVID-19 Impact is specifically included in the research
• This report is in its 12th version since first publication in September 2010
• It comprises of over 90 tables and charts
• The report spans across 150 pages
• Data and analysis is sourced from own proprietary databases

Chapter-wise Guidance

• Chapter 2 and chapter 3 present Executive Summary including market panorama for 2019.
• Further, potential Agricultural Lubricants market trends, drivers, challenges, and opportunities are presented. Porter's Five Forces analysis is also included
• Chapter 4-6 presents market outlook across types, applications, and countries to 2026
• Chapter 7 presents company analysis on ten leading players in the industry
• Chapter 8 illustrates various market developments

General Scope

• Analysis across different types and applications is covered
• Five regions including Asia Pacific, Europe, Middle East, Africa, North America and South and Central Americas are included
• 18 countries are included in the analytical research
• Five Company Profiles analyzing their Business, Revenues, and Operations is presented

Companies Mentioned

• ExxonMobil Corporation
• Royal Dutch Shell plc
• Chevron Corporation
• Total SA
• BP plc
• FUCHS PETROLUB SE
• Phillips 66
• Exol Lubricants Limited
• Witham Oil & Paint Ltd.
• Rymax Lubricants

For more information about this report visit https://www.researchandmarkets.com/r/m9r5ct

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Rotating Power Outages Could Happen Saturday Night from 5:00 to 10:00 PM

California Grid Operator Monitoring Statewide Energy Usage, Coordinating with PG&E and the State’s Other Electric Utilities

SAN FRANCISCO--(BUSINESS WIRE)--Based on current power usage forecasts from the state’s electric grid operator, the California Independent System Operator (CAISO), Pacific Gas and Electric Company (PG&E) may be required to conduct rotating power outages Saturday night between 5:00 and 10:00 PM. A final decision by CAISO will be made later today.

PG&E’s emergency operations center is open and the team is continuing to monitor the situation throughout the weekend and into next week. As the statewide heatwave continues, PG&E strongly encourages all customers to conserve energy through next Wednesday.

Potential Saturday Evening Rotating Outages

Due to increasingly hot weather across the state coupled with cloud cover in Southern California impacting utility-scale solar assets, CAISO has issued a Grid Warning Notice and may require PG&E to conduct rotating outages later this evening. These outages would be one to two hours in duration. No customers should be impacted overnight.

No final decisions have been made to proceed with rotating outages by CAISO at this time. Other power utilities in the state may be requested to take similar measures.

Recap: Friday Night’s Rotating Outages

On Friday night, PG&E was directed by CAISO to turn off power to approximately 220,000 customers to help relieve the strain on the power grid during the statewide heatwave. This directive was issued due to a lack of adequate energy supply statewide. PG&E responded to CAISO’s directive within 10 minutes.

These outages were not related to any issues with PG&E’s equipment or its ability to deliver energy locally. Other power utilities in the state were directed to conduct similar rotating outages Friday.

The first customers were impacted at approximately 6:35 p.m. Friday. Once PG&E received clearance from CAISO to restore power, PG&E worked safety and quickly to turn sections of the grid back on. Power was restored to most customers within a few hours. Restoration was fully complete by approximately 10:15 p.m.

PG&E Tips to Save Energy and Reduce Usage

• Raise the thermostat: Set the thermostat to 78 degrees when at home, health permitting. Turn it up to 85 degrees or turn it off when not at home.
• Use a ceiling fan: Turn on a ceiling fan when using the air conditioner, which will allow the thermostat to be raised about 4 degrees to save on cooling costs with no reduction in comfort. Turn off fans and lights when you leave the room.
• Cover windows: Use shade coverings and awnings so the air conditioner won’t have to work as hard to cool the home.
• Avoid using the oven: Instead, cook on the stove, use a microwave or grill outside.
• Limit the opening of refrigerators, which are major users of electricity in most homes. The average refrigerator is opened 33 times a day.

PG&E Tips to Stay Safe and Cool

• Plan ahead: Check the weather forecast to prepare for hot days.
• Keep an emergency contact list: Keep a list of emergency phone numbers.
• Have a buddy system: Check in on elderly or people with access and function needs.
• Stay hydrated: Drink plenty of water, even when you are not thirsty.
• Stay cool: Take a cool shower or bath and wear lightweight, loose, light-colored clothing.
• Stay safe: Stay out of direct sunlight and avoid alcoholic or caffeinated beverages.

Rotating Outages are Not Public Safety Power Shutoffs

Rotating outages are not Public Safety Power Shutoffs, which are conducted during specific high fire threat conditions. Rotating outages are called by the CAISO and power utilities are required to act when demand on the statewide electric grid exceeds available energy supply.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 23,000 employees, the company delivers some of the nation's cleanest energy to 16 million people in Northern and Central California. For more information, visit pge.com and pge.com/news

Media Relations
415.973.5930

HALIFAX, Nova Scotia--(BUSINESS WIRE)--Emera Incorporated (“Emera”) (TSX: EMA) announced today that 128,610 of its 3,864,636 issued and outstanding Cumulative Rate Reset First Preferred Shares, Series A (the “Series A Shares”) were tendered for conversion, on a one-for-one basis, into Cumulative Floating Rate First Preferred Shares, Series B (the “Series B Shares”) and that 1,130,788 of its 2,135,364 issued and outstanding Series B Shares were tendered for conversion, on a one-of-one basis, into Series A Shares. As a result of the conversion, Emera has 4,866,814 Series A Shares and 1,133,186 Series B Shares issued and outstanding. The Series A Shares and the Series B Shares will continue to be listed on the Toronto Stock Exchange ("TSX") under the symbols EMA.PR.A and EMA.PR.B, respectively.

Forward Looking Information

This news release contains forward-looking information within the meaning of applicable securities laws with respect to Emera, the Series A Shares and the Series B Shares. 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.

Investor Relations:
Ken McOnie, VP, Investor Relations and Treasurer
902‐428‐6945
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Scott Hastings, Senior Director, Capital Markets
902-474-4787
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Media:
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www.emera.com

Outages Expected to Affect Approximately 220,000 Customers

Customers Encouraged to Conserve Electricity through Wednesday Night

PG&E Is Not Calling A Public Safety Power Shutoff

SAN FRANCISCO--(BUSINESS WIRE)--Based on current power usage forecasts, the state’s electric grid operator, the California Independent System Operator (CAISO), has directed Pacific Gas and Electric Company (PG&E) to conduct rotating power outages in the early to late evening Saturday.

Expected Impacts of Saturday Outages

The outages are expected to affect approximately 220,000 PG&E customers in portions of the Central Coast and Central Valley, including Monterey, Santa Cruz and San Joaquin counties. No customers should be impacted overnight.

PG&E’s Emergency Operations Center is activated. The team has already restored some customers who were part of the outages.

Reason for Rotating Outages

These outages are being called because the state’s energy supply is not enough to adequately meet anticipated demand during the statewide heatwave. Other power utilities in the state are being directed to conduct similar rotating outages.

These outages are not Public Safety Power Shutoffs, which are called during specific high fire threat conditions, and they are not related to any issues with PG&E’s equipment or its ability to deliver energy locally.

“This is a statewide issue that we are working together with CAISO and many stakeholders to address. We know how important it is to have access to reliable power during these times, and we are doing everything we can to limit the impacts. Our team is working diligently to keep these rotating outages as short as possible, so that there is no further impact to the grid. We appreciate our customers’ patience as we work to restore power to everyone this evening. We urge all of our customers to take immediate steps to reduce their power usage,” said Michael Lewis, Interim President of PG&E.

PG&E Tips to Save Energy and Reduce Usage

PG&E strongly encourages all customers to conserve energy through next Wednesday.

• Raise the thermostat: Cool homes and use air conditioners more during morning hours. Set the thermostat to 78 degrees when at home during the rest of the day, health permitting. Turn it up to 85 degrees or turn it off when not at home.
• Use a ceiling fan: Turn on a ceiling fan when using the air conditioner, which will allow the thermostat to be raised about 4 degrees to save on cooling costs with no reduction in comfort. Turn off fans and lights when you leave the room.
• Cover windows: Use shade coverings and awnings so the air conditioner won’t have to work as hard to cool the home.
• Avoid using the oven: Instead, cook on the stove, use a microwave or grill outside.
• Limit the opening of refrigerators, which are major users of electricity in most homes. The average refrigerator is opened 33 times a day.
• Clean clothes and dishes early: Use large energy-consuming appliances like washing machines and dishwashers earlier in the day or late at night after 10:00 pm.

PG&E Tips to Stay Safe and Cool

• Plan ahead: Check the weather forecast to prepare for hot days.
• Keep an emergency contact list:Keep a list of emergency phone numbers.
• Have a buddy system: Check in on elderly or people with access and function needs.
• Stay hydrated: Drink plenty of water, even when you are not thirsty.
• Stay cool: Take a cool shower or bath and wear lightweight, loose, light-colored clothing.
• Stay safe: Stay out of direct sunlight and avoid alcoholic or caffeinated beverages.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 23,000 employees, the company delivers some of the nation's cleanest energy to 16 million people in Northern and Central California. For more information, visit pge.com and pge.com/news

MEDIA RELATIONS:
415-973-5930

DUBLIN--(BUSINESS WIRE)--The "Global Virtual Power Plant Market, by Component (Software v/s Service), by Technology (Demand Response, Distributed Generation, Mixed Asset), by Source (Renewables, Energy Storage, CHP, Other local generation), by End User, by Region, Competition, Forecast & Opportunities, 2025" report has been added to ResearchAndMarkets.com's offering.

The Global Virtual Power Plant Market is forecast to witness a CAGR of 30% in the coming years and surpass $ 5.6 billion by 2025.

Growth in the Global Virtual Power Plant Market can be attributed to the growing opportunities in renewable energy and battery storage systems, rising demand for power generation from renewable sources of energy, increase in penetration of smart grid technologies, shift from centralized to distributed generation, favorable government initiatives to mitigate power outages and increasing demand for power in key industries such as petroleum refining, chemicals, metals and mining, etc.

The Global Virtual Power Plant Market can be segmented based on component, technology, source, end-user and region. In terms of component, the market can be bifurcated into software and service. In 2020, software segment dominated the market, however, service segment is expected to grow at a higher rate in the coming years. Based on technology, the market can be segmented into Demand Response, Distributed Generation, and Mixed Asset. Demand response segment currently holds the largest share and is expected to hold its dominance in the virtual power plant market during the forecast period. Demand response is highly lucrative for investment due to everlasting benefits for end-users and improving the energy efficiency of the grid.

Based on source, the market can be segmented into Renewables, CHP, Energy Storage, and Other Local Generation segments. Renewable sources, including solar, wind, hydro, and bio, are widely used sources for virtual power plant as they are naturally occurring sources of energy that can be easily replenished, and plays an important role in reducing greenhouse gas emissions. The increasing share of renewables in the power generation mix will positively impact the Global Virtual Power Plant Market.

In terms of end-user, the Global Virtual Power Plant Market is segmented into residential, commercial & industrial. The Industrial segment held the largest market share in 2019 and is expected to have the largest share over the forecast period as well. Industrial end-users are among the highest adopters of the virtual power plant setups and services. Regionally, North America is the largest virtual power plant market. Shift towards renewable energy sources, need for higher grid stability, and presence of major companies is driving the virtual power plant market in the region. Asia-Pacific is also expected to present lucrative opportunities in the coming years owing to the phenomenal growth in the construction industry, and government regulatory policies and initiatives towards clean energy, especially in China and India. Japan and South Korea are also among the industrialized countries in APAC region that is also expected to boost the region's virtual power plant in the coming years.

Companies Mentioned

• ABB Limited
• AGL Energy Limited
• Autogrid Systems, Inc.
• Siemens AG
• Schneider Electric
• Enbala Power Networks
• Robert Bosch GmbH
• General Electric Company
• Comverge, Inc.
• Next Kraftwerke GmbH
• Cisco Systems, Inc.

The Objective of the Study:

• To analyze and forecast the market size of the Global Virtual Power Plant Market.
• To classify and forecast the Global Virtual Power Plant Market based on component, technology, source, end-user, and regional distribution.
• To identify major drivers & challenges for the Global Virtual Power Plant Market
• To identify major emerging trends of the Global Virtual Power Plant Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Global Virtual Power Plant Market.
• To identify and profile major companies operating in the Global Virtual Power Plant Market.

Key Topics Covered:

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer

5. Global Virtual Power Plant Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Component (Software vs. Service)

5.2.2. By Technology (Demand Response, Distributed Generation, and Mixed Asset)

5.2.3. By Source (Renewables, Energy Storage, CHP and Other local generation)

5.2.4. By End User (Residential, Commercial and Industrial (Petroleum Refining, Chemicals Industry, Metals & Mining and Others)

5.2.5. By Region

5.2.6. By Company (2019)

5.3. Product Market Map

6. North America Virtual Power Plant Market Outlook

7. Europe Virtual Power Plant Market Outlook

8. APAC Virtual Power Plant Market Outlook

9. South America Virtual Power Plant Market Outlook

10. Middle East and Africa Virtual Power Plant Market Outlook

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

13. Competitive Landscape

14. Strategic Recommendations

For more information about this report visit https://www.researchandmarkets.com/r/pgfx57

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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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

To occur upon Holly's Resignation at the Company’s Emergence From Chapter 11

The Company Also Announces Expected Changes to the Board of Directors

DENVER--(BUSINESS WIRE)--Whiting Petroleum Corporation (NYSE: WLL) (“Whiting” or the “Company”) today announced the expected appointment of Lynn Peterson, a 40-year oil and gas industry veteran, as Chief Executive Officer, effective as of the Company’s anticipated emergence from chapter 11, which is projected to occur on September 1, 2020. Mr. Peterson succeeds Bradley J. Holly, who will resign effective at that time to pursue other interests following the Company’s restructuring. Mr. Peterson will also join the Company’s Board of Directors.

“We thank Brad for his leadership and strategic contributions that built the foundation for Whiting to expeditiously complete its financial restructuring and implement pivotal enhancements with a stronger balance sheet and improved cost structure. During this period of unprecedented volatility for the industry, Whiting set the standard for executing on a challenging business plan. In addition, over his tenure Brad built a strong management team and advanced the Company’s efforts in sustainability with a focus on diversity and inclusion,” said James Catlin, Whiting’s lead director. “As a Board, and in partnership with Brad, we are committed to conducting an orderly emergence from chapter 11 and transitioning seamlessly to the new executive leadership team which has a strong track record of maximizing shareholder value through transactions in the basins where Whiting operates.”

A hearing to consider confirmation of the Company’s chapter 11 plan is scheduled for August 14, 2020, and if the bankruptcy court confirms the plan, the Company expects to emerge from chapter 11 on September 1, 2020. Upon its expected emergence from chapter 11, Whiting will also welcome a new independent Board of Directors that is anticipated to consist of Chairman Kevin McCarthy (Vice Chairman of Kayne Anderson Capital Advisors), Janet L. Carrig (former Senior Vice President & General Counsel at ConocoPhillips), Susan Cunningham (former Executive Vice President at Noble Energy, Inc.), Paul Korus (former Senior Vice President and Chief Financial Officer at Cimarex Energy Co.), Daniel Rice (Founder and Partner at Rice Investment Group, former CEO at Rice Energy) and Anne Taylor (former Vice Chairman & Managing Partner at Deloitte).

“We believe that Lynn brings strong leadership, extensive industry knowledge and unique perspective to Whiting’s business in the Williston and DJ basins, leveraging his deep experience that includes operating the same cornerstone asset during his tenure at Kodiak prior to its acquisition by Whiting,” said new incoming Chairman Kevin McCarthy. “Lynn’s strategic and operating experience will allow us to enhance and capitalize on the Company’s attractive portfolio as we look to create value for our shareholders.”

Mr. Peterson most recently served as Chief Executive Officer and Chairman of SRC Energy Inc. before its combination with PDC Energy, Inc. in January 2020. Prior to SRC Energy, Mr. Peterson was co-founder, Chief Executive Officer and Chairman of Kodiak Oil & Gas Corp. before its integration with Whiting in December 2014. Mr. Peterson began his career in accounting and auditor roles at Ernst & Young and holds a Bachelor of Science in Accounting from the University of Northern Colorado.

“I am honored to join and lead the Whiting team of talented employees and eager to work alongside our new Board of Directors, which is one of the finest assembled in the E&P sector, to build upon the momentum achieved through the restructuring for a bright Whiting future,” Mr. Peterson added. “With a keen focus on excellence, discipline in all facets of our operations, continuing emphasis on environmental, health and safety, and good citizenship within the communities in which we live and operate, I am confident that Whiting will create value even in this challenging environment.”

“As we emerge from chapter 11, the company has significantly reduced its leverage and strengthened its balance sheet. Moving forward, we expect to focus on the development of our top-tier Bakken acreage, further reducing our leverage, and driving down operating and G&A costs. This should position the Company well for the anticipated industry consolidation that we expect to see in the coming years, particularly in the opportunity-rich landscape of the Williston Basin.”

About Whiting Petroleum Corporation

Whiting Petroleum Corporation, a Delaware corporation, is an independent oil and gas company that explores for, develops, acquires and produces 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: our ability to obtain United States Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”) approval with respect to motions or other requests made to the Bankruptcy Court; our ability to confirm and consummate our plan of reorganization; the effects of our voluntary cases under Chapter 11 of the United States Bankruptcy Code (the “Chapter 11 Cases”) on our liquidity or results of operations or business prospects; the effects of the Chapter 11 Cases on our business and the interests of various constituents; the length of time that we will operate under chapter 11 protection; risks associated with third-party motions in the Chapter 11 Cases; declines in, or extended periods of low oil, NGL or natural gas prices; our level of success in exploration, development and production activities; risks related to our level of indebtedness, our ability to comply with debt covenants, periodic redeterminations of the borrowing base under our credit agreement and our ability to generate sufficient cash flows from operations to service our indebtedness; our ability to generate sufficient cash flows from operations to meet the internally funded portion of our capital expenditures budget; our ability to obtain external capital to finance exploration and development operations; our 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 our strategic opportunities; the geographic concentration of our 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 our reserve estimates or our assumptions underlying them; the timing of our exploration and development expenditures; risks relating to decreases in our credit rating; market availability of, and risks associated with, transport of oil and gas; our ability to successfully complete asset dispositions and the risks related thereto; our 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 our results of operations; adverse weather conditions that may negatively impact development or production activities; uninsured or underinsured losses resulting from our oil and gas operations; lack of control over non-operated properties; failure of our properties to yield oil or gas in commercially viable quantities; the impact and costs of compliance with laws and regulations governing our 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 our industry and corporate governance standards; our ability to replace our oil and natural gas reserves; negative impacts from litigation and legal proceedings; 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 our senior management or technical personnel; cybersecurity attacks or failures of our telecommunication and other information technology infrastructure; and other risks described under the caption “Risk Factors” in Item 1A of our Quarterly Report on Form 10-Q for the quarter ended June 30, 2020 and our Annual Report on Form 10-K for the year ended December 31, 2019. We assume no obligation, and disclaim any duty, to update the forward-looking statements in this news release.

Eric K. Hagen
Title: Vice President, Corporate Affairs
Phone: 303.837.1661
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DUBLIN--(BUSINESS WIRE)--The "Global Battery Monitoring System Market, by Component (Hardware and Software), by Type (Wired Battery Monitoring System and Wireless Battery Monitoring System), by Battery Type, by End-User, by Region, Competition, Forecast & Opportunities, 2025" report has been added to ResearchAndMarkets.com's offering.

The Global Battery Monitoring System Market was valued at $ 2,490 million in 2019 and is projected to reach USD 5,331 million by 2025.

A Battery Monitoring System is an electronic device which provides real-time monitoring of battery, preventing from costly downtime, protecting the battery from operating outside its safe operating area and also calculating & balancing its environment.

Anticipated market growth is majorly attributed to favorable initiatives by various governments for boosting production and adoption of electric vehicles to conserve energy and decrease the environmental pollution associated with the combustion of conventional energy sources. Moreover, increasing necessity of generating renewable power and the rising need to increase the operational efficiency of batteries will drive the growth of the Global Battery Monitoring System Market through 2025.

The Global Battery Monitoring System Market is segmented based on component, type, battery type, end-user and region. Based on the component, the market is segmented into Hardware & Software. The hardware segment dominates the market and is expected to maintain its dominance through 2025, due to the ease of installation, faster sampling of data, reduced cabling, and high-resolution data recording abilities of hardware components such as sensors, data loggers, etc.

Based on the type, the market is segmented into wired battery monitoring system & wireless battery monitoring system. The wired battery monitoring system will lead the market until 2025. Nevertheless, the wireless battery monitoring system will also grow as they enable remote monitoring system of all operations. Based on the type of battery, the market is segmented into Lithium-ion battery, Lead Acid battery & others. The Lithium-ion based battery segment is expected to dominate the market due to their growing adoption in power tools, battery backup and electric vehicles.

Regionally, Asia Pacific is expected to continue its dominance due to growing investments in data centers and renewable power generation capacities by constituent nations like China, India & Japan. Moreover, presence of leading companies in countries such as China and Japan is also bolstering the regional market growth.

Companies Mentioned

• Storage Battery Systems, LLC
• PowerShield Limited
• Schneider Electric
• NDSL Group Ltd.
• BatteryDAQ
• HBL Power Systems Limited
• SOCOMEC Group S.A.
• Curtis Instruments, Inc.
• BTECH, Inc.
• Eagle Eye Power Solutions, LLC

The Objective of the Study:

• To analyse and forecast the market size of the Global Battery Monitoring System Market, in terms of value.
• To classify and forecast the Global Battery Monitoring System Market based on component, type, battery type, end-user and regional distribution.
• To identify drivers and challenges for the Global Battery Monitoring System Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc. in the Global Battery Monitoring System Market.
• To conduct the pricing analysis for the Global Battery Monitoring System Market.
• To identify and analyse the profile of leading Battery Monitoring System manufacturers involved in the Global Battery Monitoring System Market.

Key Topics Covered:

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on Global Battery Monitoring System Market

4. Executive Summary

5. Voice of Customers

5.1. Cost performance of process

5.2. Energy Efficiency of process

5.3. Recovery of active material

6. Global Battery Monitoring System Market Landscape

7. Global Battery Monitoring System Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Component (Hardware and Software)

7.2.2. By Type (Wired Battery Monitoring System and Wireless Battery Monitoring System)

7.2.3. By Battery Type (Lithium-Ion Battery, Lead-Acid Battery and Others)

7.2.4. By End-User (Data Centre, Telecommunications, Energy, Automotive and Others)

7.2.5. By Company (2019)

7.2.6. By Region

7.3. Market Attractiveness Index

8. Asia-Pacific Battery Monitoring System Market Outlook

9. North America Battery Monitoring System Market Outlook

10. Europe Battery Monitoring System Market Outlook

11. Middle East and Africa Battery Monitoring System Market Outlook

12. South America Battery Monitoring System Market Outlook

13. Market Dynamics

13.1. Drivers

13.2. Challenges

14. Market Trends & Developments

15. Supply Chain Analysis

16. Policy & Regulatory

17. Competitive Landscape

17.1. Storage Battery System LLC (SBS)

17.2. Power Shield Limited

17.3. Schneider Electric

17.4. NDSL

17.5. Battery DAQ

17.6. HBL Power System Limited

17.7. SOCOMEC Group

17.8. Curtis Instruments, Inc.

17.9. BTECH

17.10. Eagle Eye Power Solution

18. Strategic Recommendations

For more information about this report visit https://www.researchandmarkets.com/r/ev7n6b

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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LONDON--(BUSINESS WIRE)--#GlobalWindTurbineGearboxMarket--Technavio has been monitoring the wind turbine gearbox market and it is poised to grow by USD 3.81 billion during 2020-2024, progressing at a CAGR of almost 6% 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.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact

Frequently Asked Questions-

• At what rate is the market projected to grow during the forecast period 2020-2024?

• Growing at a CAGR of almost 6%, the market growth will accelerate in the forecast period.

• What is the key factor driving the market?

• Increase in offshore wind energy installations is one of the key factors driving the market growth.

• Who are the top players in the market?

• Dana Inc., Flender GmBH (Winergy), General Electric Co., ISHIBASHI Manufacturing Co. Ltd., Moventas Gears Oy, Nanjing High Accurate Drive, Equipment Manufacturing Group Co. Ltd., Robert Bosch GmbH, Siemens AG, Voith GmbH & Co. KGaA, and ZF Friedrichshafen AG are some of the major market participants.

• Which region is expected to hold the highest market share?

• APAC

• What is the year-over-year growth rate of the global market?

• The year-over-year growth rate for 2020 is estimated at 1.85%.

The market is concentrated, and the degree of concentration will accelerate during the forecast period. Dana Inc., Flender GmBH (Winergy), General Electric Co., ISHIBASHI Manufacturing Co. Ltd., Moventas Gears Oy, Nanjing High Accurate Drive Equipment Manufacturing Group Co. Ltd., Robert Bosch GmbH, Siemens AG, Voith GmbH & Co. KGaA, and ZF Friedrichshafen AG are some of the major market participants. The increase in offshore wind energy installations 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.

Wind Turbine Gearbox Market 2020-2024: Segmentation

Wind Turbine Gearbox Market is segmented as below:

• Type
  • New
  • Replacement
• Geography
  • APAC
  • Europe
  • North America
  • South America
  • MEA

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=IRTNTR41387

Wind Turbine Gearbox 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. Our wind turbine gearbox market report covers the following areas:

• Wind Turbine Gearbox Market size
• Wind Turbine Gearbox Market trends
• Wind Turbine Gearbox Market analysis

This study identifies the rise in renewable energy consumption as one of the prime reasons driving the wind turbine gearbox market growth during the next few years.

Wind Turbine Gearbox Market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the wind turbine gearbox market, including some of the vendors such as Dana Inc., Flender GmBH (Winergy), General Electric Co., ISHIBASHI Manufacturing Co. Ltd., Moventas Gears Oy, Nanjing High Accurate Drive Equipment Manufacturing Group Co. Ltd., Robert Bosch GmbH, Siemens AG, Voith GmbH & Co. KGaA, and ZF Friedrichshafen AG. Backed with competitive intelligence and benchmarking, our research reports on the wind turbine gearbox market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Wind Turbine Gearbox Market 2020-2024: Key Highlights

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

Table of Contents:

Executive Summary

• Market Overview

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

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

Market Segmentation by Type

• Market segments
• Comparison by Type
• New - Market size and forecast 2019-2024
• Replacement - Market size and forecast 2019-2024
• Market opportunity by Type

Customer landscape

• Overview

Geographic Landscape

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

Drivers, Challenges, and Trends

• Market drivers
• Volume driver - Demand led growth
• Volume driver - Supply led growth
• Volume driver - External factors
• Volume driver - Demand shift in adjacent markets
• Price driver - Inflation
• Price driver - Shift from lower to higher priced units
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Dana Inc.
• Flender GmBH (Winergy)
• General Electric Co.
• ISHIBASHI Manufacturing Co. Ltd.
• Moventas Gears Oy
• Nanjing High Accurate Drive Equipment Manufacturing Group Co. Ltd.
• Robert Bosch GmbH
• Siemens AG
• Voith GmbH & Co. KGaA
• ZF Friedrichshafen AG

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.technavio.com/

New online platform brings decision-makers together for learning, networking and dealmaking

FORT WORTH, Texas--(BUSINESS WIRE)--#NAPENetwork--The first-ever virtual Summer NAPE kicked off last week, bringing buyers, sellers, investors and service providers together on the new NAPE Network to make deals happen.

“During this time of social distancing, the NAPE Network provides a digital platform that connects industry professionals with the vast NAPE audience. We are excited to host 181 exhibitors, 400 prospect listings and 1,500 attendees to our inaugural virtual expo,” said Ron Munn, NAPE chairman and general manager-land at Chevron U.S.A. Inc. “And with the flexibility of our NAPE Network online platform, Summer NAPE is open for dealmaking, networking and learning until Aug. 27.”

Through the NAPE Network, registrants can access all the signature features of Summer NAPE: oil and gas prospects and producing properties, networking, job boards, presentations and roundtable discussions featuring industry experts from across the globe, and more.

With just a few clicks, registrants can easily browse prospects and producing properties to buy, lease and trade and even narrow their search by investment level, acreage, exploration method, basin, state, county and company name.

Among the presentations now available to view on the NAPE Network is the Dealmakers Keynote featuring iconic political strategist Karl Rove, who previewed the fall presidential campaigns and weighed in on the role of energy nationally and in key states, the impact of mail-in ballots, swing voters, campaign spending, advice he would offer to President Trump and more.

Summer NAPE roundtable discussions and Business Conference sessions featuring well-respected industry leaders are also available to view on the NAPE Network. Registrants can submit questions via the Q&A platform, and moderators will continue to respond throughout Summer NAPE’s extended run.

Summer NAPE on the NAPE Network concludes at 4 p.m. Aug. 27 with the Network Sweepstakes drawing for $10,000. To register, visit NAPEexpo.com/summer.

About NAPE

NAPE is the largest exhibition of its kind in the world, providing unmatched venues for oil and gas professionals to meet, network, connect and do business. It was founded in 1993 by the AAPL and now also includes IPAA, SEG and AAPG as partner hosts. NAPE offers two expos annually — NAPE Summit in February and Summer NAPE in August. For more information on NAPE, please visit www.NAPEexpo.com and follow NAPE on Twitter at @NAPE_EXPO.

Callie Kersey
This email address is being protected from spambots. You need JavaScript enabled to view it.
817-847-7700

LONDON--(BUSINESS WIRE)--#FlexiblePipesMarketforOilandGas--Technavio has been monitoring the flexible pipes market for oil and gas and it is poised to grow by USD 123.54 million during 2020-2024, progressing at a CAGR of over 2% 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.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact

• At what rate is the market projected to grow during the forecast period 2020-2024?
• Growing at a CAGR of over 2%, the market growth will accelerate in the forecast period.

• What is the key factor driving the market?
• Rising investment in upstream oil and gas activity is one of the key factors driving the market growth.

• Who are the top players in the market?
• Airborne Oil & Gas BV, Continental AG, FlexSteel Pipeline Technologies Inc., General Electric Co., MAGMA GLOBAL Ltd., National Oilwell Varco Inc., Prysmian Spa, Shawcor Ltd., TechnipFMC Plc, and Wienerberger AG are some of the major market participants.

• Which region is expected to hold the highest market share?
• MEA

• What is the year-over-year growth rate of the global market?
• The year-over-year growth rate for 2020 is estimated at 0.58%.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Airborne Oil & Gas BV, Continental AG, FlexSteel Pipeline Technologies Inc., General Electric Co., MAGMA GLOBAL Ltd., National Oilwell Varco Inc., Prysmian Spa, Shawcor Ltd., TechnipFMC Plc, and Wienerberger AG are some of the major market participants. The rising investment in upstream oil and gas activity 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.

Flexible Pipes Market for Oil and Gas 2020-2024: Segmentation

Flexible Pipes Market for Oil and Gas is segmented as below:

• Type
  • HDPE
  • PA
  • PVDF
  • Others
• Geography
  • North America
  • MEA
  • South America
  • APAC
  • Europe
• Application
  • Offshore
  • Onshore

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=IRTNTR43877

Flexible Pipes Market for Oil and Gas 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our flexible pipes market for oil and gas report covers the following areas:

• Flexible Pipes Market for Oil and Gas size
• Flexible Pipes Market for Oil and Gas trends
• Flexible Pipes Market for Oil and Gas industry analysis

This study identifies the growing acceptance of engineering-grade flexible materials as one of the prime reasons driving the growth of flexible pipes market for oil and gas during the next few years.

Flexible Pipes Market for Oil and Gas 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the flexible pipes market for oil and gas, including some of the vendors such as Airborne Oil & Gas BV, Continental AG, FlexSteel Pipeline Technologies Inc., General Electric Co., MAGMA GLOBAL Ltd., National Oilwell Varco Inc., Prysmian Spa, Shawcor Ltd., TechnipFMC Plc, and Wienerberger AG. Backed with competitive intelligence and benchmarking, our research reports on the flexible pipes market for oil and gas are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform

Flexible Pipes Market for Oil and Gas 2020-2024: Key Highlights

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

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

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

Market Segmentation by Application

• Market segments
• Comparison by Application
• Offshore - Market size and forecast 2019-2024
• Onshore - Market size and forecast 2019-2024
• Market opportunity by Application

Market Segmentation by Type

• Market segments
• Comparison by Type
• HDPE - Market size and forecast 2019-2024
• PA - Market size and forecast 2019-2024
• PVDF - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by Type

Customer Landscape

Geographic Landscape

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

Volume Drivers – Demand led growth

Market Challenges

Market Trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Airborne Oil & Gas BV
• Continental AG
• FlexSteel Pipeline Technologies Inc.
• General Electric Co.
• MAGMA GLOBAL Ltd.
• National Oilwell Varco Inc.
• Prysmian Spa
• Shawcor Ltd.
• TechnipFMC Plc
• Wienerberger AG

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.technavio.com/

DUBLIN--(BUSINESS WIRE)--The "Offshore Mooring Systems Market, Size, Share, Outlook and COVID-19 Strategies, Global Forecasts from 2019 to 2026" report has been added to ResearchAndMarkets.com's offering.

As the Offshore Mooring Systems industry shifts, the report presents the emerging market trends, factors driving the Offshore Mooring Systems market growth, and potential opportunities over the forecast period. The trends underpinning the profitability of Offshore Mooring Systems companies are shifting rapidly, forcing companies to carefully align their strengths in synchronization with Offshore Mooring Systems industry trends.

To avoid getting left behind in an intensive competitive Offshore Mooring Systems market, global companies need a new approach to ensure they create value in this environment. Amid increasing activities of M&A and growing activist-investor activity, Offshore Mooring Systems companies must strengthen their capabilities to maintain their market shares in the Offshore Mooring Systems industry.

To assist Offshore Mooring Systems manufacturers and vendors to formulate their strategies and analyze their business in the global front, the publisher has published its 2020 series of Offshore Mooring Systems market size, share, opportunities, and outlook to 2026. The report explores changing Offshore Mooring Systems market landscape, capital markets, strategies, mergers & acquisitions in the global and country-level markets.

Global Offshore Mooring Systems Market Overview, 2020

The report presents an introduction to the Offshore Mooring Systems market in 2020, analyzing the COVID-19 impact both quantitatively and qualitatively. It presents the strategies being adopted by leading Offshore Mooring Systems companies, emerging market trends, Offshore Mooring Systems market drivers, challenges, and potential opportunities to 2026. The market attractiveness index is also included to assess the impact of suppliers, buyers, competitive landscape, new entrants, and substitutes on the Offshore Mooring Systems market.

Global Offshore Mooring Systems Market Segmentation and Forecasts to 2026

The global Offshore Mooring Systems market size is forecast across different scenarios including the actual forecasts and COVID affected forecasts from 2019 to 2026. Further, Offshore Mooring Systems market revenue and market shares in global industry are forecast across different types of Offshore Mooring Systems, applications, and end-user segments of Offshore Mooring Systems and across 18 countries.

Global Offshore Mooring Systems market analysis by Company

The report presents the 10 leading Offshore Mooring Systems companies in the global industry including details of business overview, business operations, SWOT profile, and Offshore Mooring Systems products.

Global Offshore Mooring Systems market news and developments

Offshore Mooring Systems market news and market developments since 2019 including asset purchases, new manufacturing units, product launches, and mergers & acquisitions are included.

Offshore Mooring Systems market report scope and structure

The research work includes over 90 data tables and charts prepared based on data in our proprietary databases, which is collected from leading manufacturers and government statistics to ensure reliable market data. It also presents the critical analysis of end-user industries along with internal and external factors affecting the market.

Report Guide

• COVID-19 Impact is specifically included in the research
• This report is in its 12th version since first publication in September 2010
• It comprises of over 90 tables and charts
• The report spans across 150 pages
• Data and analysis is sourced from own proprietary databases

Chapter-wise Guidance

• Chapter 2 and chapter 3 present Executive Summary including market panorama for 2019.
• Further, potential Offshore Mooring Systems market trends, drivers, challenges, and opportunities are presented. Porter's Five Forces analysis is also included
• Chapter 4-6 presents market outlook across types, applications, and countries to 2026
• Chapter 7 presents company analysis on ten leading players in the industry
• Chapter 8 illustrates various market developments

General Scope

• Analysis across different types and applications is covered
• Five regions including Asia Pacific, Europe, Middle East, Africa, North America and South and Central Americas are included
• 18 countries are included in the analytical research
• Five Company Profiles analyzing their Business, Revenues, and Operations is presented

Companies Mentioned

• Mampaey Offshore Industries
• KTL Offshore
• Viking Sea Tech
• Delmar Systems
• Intermoor
• Baltec Systems
• MODEC
• BW Offshore
• SBM Offshore
• Mooring Systems

For more information about this report visit https://www.researchandmarkets.com/r/13alf1

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
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INDIANAPOLIS--(BUSINESS WIRE)--Allison Transmission Holdings Inc. (NYSE: ALSN), the largest global manufacturer of medium- and heavy-duty fully automatic transmissions and a supplier of commercial vehicle propulsion solutions, including electric hybrid and fully electric propulsion systems, today announced that its Board of Directors has declared a cash dividend of $0.17 per share on the Company’s common stock for the third quarter of 2020. Payment will be made on August 31, 2020, to stockholders of record at the close of business on August 24, 2020.

The payment of any future dividends will be at the discretion of the Board of Directors and will be dependent upon Allison Transmission’s financial position, results of operations, available cash, cash flow, capital requirements and other factors deemed relevant by the Board of Directors.

About Allison Transmission
Allison Transmission (NYSE: ALSN) is the world’s largest manufacturer of fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, as well as a supplier of commercial vehicle propulsion solutions, including electric hybrid and fully electric propulsion systems. Allison products are used in a wide variety of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (school, transit and coach), motorhomes, off-highway vehicles and equipment (energy, mining and construction applications) and defense vehicles (wheeled and tracked). Founded in 1915, the company is headquartered in Indianapolis, Indiana, USA. With a market presence in more than 80 countries, Allison has regional headquarters in the Netherlands, China and Brazil with manufacturing facilities in the U.S., Hungary and India. Allison also has approximately 1,500 independent distributor and dealer locations worldwide. For more information, visit allisontransmission.com.

Forward-Looking Statements
This press release contains forward-looking statements. All statements other than statements of historical fact contained in this press release are forward-looking statements, including all statements regarding future financial results or expected ability to re-open our facilities promptly. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “plans,” “project,” “anticipate,” “believe,” “estimate,” “predict,” “intend,” “forecast,” “could,” “potential,” “continue” or the negative of these terms or other similar terms or phrases. Forward-looking statements are not guarantees of future performance and involve known and unknown risks. Factors which may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made include, but are not limited to: the duration and spread of the COVID-19 outbreak, mitigating efforts deployed by government agencies and the public at large, and the overall impact from such outbreak on economic conditions, financial market volatility and our business, including but not limited to the operations of our manufacturing and other facilities, our supply chain, our distribution processes and demand for our products and the corresponding impacts to our net sales and cash flow; risks related to our substantial indebtedness; our participation in markets that are competitive; the highly cyclical industries in which certain of our end users operate; uncertainty in the global regulatory and business environments in which we operate; our ability to prepare for, respond to and successfully achieve our objectives relating to technological and market developments, competitive threats and changing customer needs; the concentration of our net sales in our top five customers and the loss of any one of these; the failure of markets outside North America to increase adoption of fully-automatic transmissions; U.S. and foreign defense spending; general economic and industry conditions; increases in cost, disruption of supply or shortage of raw materials or components used in our products; the discovery of defects in our products, resulting in delays in new model launches, recall campaigns and/or increased warranty costs and reduction in future sales or damage to our brand and reputation; risks associated with our international operations, including increased trade protectionism; labor strikes, work stoppages or similar labor disputes, which could significantly disrupt our operations or those of our principal customers; our intention to pay dividends and repurchase shares of our common stock and other risks and uncertainties associated with our business described in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that the expectations will be attained or that any deviation will not be material. All information is as of the date of this press release, and we undertake no obligation to update any forward-looking statement to conform the statement to actual results or changes in expectations.

Raymond Posadas
Managing Director of Investor Relations
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(317) 242-3078

Media Relations
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(317) 242-5000

Sweltering Heat Waves Increase Energy Demand, Potential for Power Outage Activity

SAN FRANCISCO--(BUSINESS WIRE)--Pacific Gas and Electric Company (PG&E) continues to urge customers to conserve energy as above-normal temperatures continue to dominate across the service area today and are expected to continue at least through the middle of the week. Conservation is the best way customers can help prevent stress and strain on the electric supply that could lead to power outages for some electric customers.

PG&E meteorologists forecast generally high temperatures that will reach between 100 and 110 degrees in some locations. The COVID-19 pandemic has made the heat-outage forecast more uncertain due to shifts in electric loads because more people are staying home all day. PG&E restoration and repair crews are prepared to immediately respond to potential outages.

PG&E Tips to Stay Safe and Cool

• Plan ahead: Check the weather forecast to prepare for hot days.
• Keep an emergency contact list: Keep a list of emergency phone numbers.
• Have a buddy system: Check in on elderly or frail people.
• Stay hydrated: Drink plenty of water, even when you are not thirsty.
• Stay cool: Take a cool shower or bath and wear lightweight, loose, light-colored clothing.
• Stay safe: Stay out of direct sunlight and avoid alcoholic or caffeinated beverages.

PG&E Tips to Save Energy and Reduce Usage

• Raise the thermostat. Set the thermostat to 78 degrees when at home, health permitting. Turn it up to 85 degrees or turn it off when not at home.
• Use a ceiling fan. Turn on a ceiling fan when using the air conditioner which will allow the thermostat to be raised about 4 degrees to save on cooling costs with no reduction in comfort. Turn off fans and lights when you leave the room. Fans cool you, not the room.
• Cover windows. Use shade coverings and awnings so the air conditioner won’t have to work as hard to cool the home.
• Avoid using the oven. Instead, cook on the stove, use a microwave or grill outside.
• Limit the opening of refrigerators, which is a major user of electricity in most homes. The average refrigerator is opened 33 times a day.

PG&E also funds the operation of existing county- or city-run cooling centers throughout the state. These centers fill a critical need for those who might not have the means to cool and shelter themselves from prolonged hot temperatures.

To find a cooling center near you, please call your local city or county government, or call PG&E’s toll-free cooling center locator line at 1-877-474-3266 or visit pge.com/coolingcenters.

PG&E does not anticipate initiating any Public Safety Power Shutoff events this week. Any power outages that occur during this hot spell are not PSPS events.

For more tips on how to stay safe and save energy this summer, visit www.pge.com/summer.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 23,000 employees, the company delivers some of the nation's cleanest energy to 16 million people in Northern and Central California. For more information, visit pge.com and pge.com/news.

Media Relations
415.973.5930

HOUSTON--(BUSINESS WIRE)--ECA MARCELLUS TRUST I (OTC Pink: ECTM) announced today that there will be no distribution paid for the quarter ended June 30, 2020 to holders of record as of the close of business on August 24, 2020, as Trust expenses exceeded net revenues to the Trust for the quarter.

The Trust was formed to own royalty interests in natural gas properties now held by Greylock Energy LLC, and certain of its wholly owned subsidiaries (“Greylock”) in the Marcellus Shale formation in Greene County, Pennsylvania. The Trust is entitled to receive certain amounts of the proceeds attributable to Greylock’s interest in the sale of production from the properties. As described in the Trust's filings, the amount of the quarterly distributions is expected to fluctuate from quarter to quarter, depending on the proceeds received by the Trust as a result of production and natural gas prices and the amount of the Trust's administrative expenses, among other factors. The amount of proceeds received or expected to be received by the Trust (and its ability to pay distributions) has been and will continue to be directly affected by the volatility in commodity prices, which have declined since the beginning of 2020 primarily attributable to the economic effects of the COVID-19 pandemic and could remain low for an extended period of time. Continued low natural gas prices will reduce proceeds to which the Trust is entitled, which will reduce the amount of cash available for distribution to unitholders and in certain periods could result in no distributions to unitholders.

Pursuant to IRC Section 1446, withholding tax on income effectively connected to a United States trade or business allocated to non-U.S. persons (“ECI”) should be made at the highest marginal rate. Under Section 1441, withholding tax on fixed, determinable, annual, periodic income from United States sources allocated to non-U.S. persons should be made at 30% of gross income unless the rate is reduced by treaty. This release is intended to be a qualified notice to nominees and brokers as provided for under Treasury Regulation Section 1.1446-4(b) by ECA Marcellus Trust I, and while specific relief is not specified for Section 1441 income, this disclosure is intended to suffice. For distributions made to non-U.S. persons, nominees and brokers should withhold at the highest effective tax rate.

This press release contains statements that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release, other than statements of historical facts, are "forward-looking statements" for purposes of these provisions. These forward-looking statements include the amount and date of any anticipated distribution to unit holders. The anticipated distribution is based, in part, on the amount of cash received or expected to be received by the Trust from Greylock with respect to the relevant quarterly period. Any differences in actual cash receipts by the Trust could affect this distributable amount. Other important factors that could cause actual results to differ materially include expenses of the Trust and reserves for anticipated future expenses and the effect, impact, potential duration or other implications of the COVID-19 pandemic. Statements made in this press release are qualified by the cautionary statements made in this press release. Neither Greylock nor the Trustee intends, and neither assumes any obligation, to update any of the statements included in this press release. An investment in Common Units issued by ECA Marcellus Trust I is subject to the risks described in the Trust's Annual Report on Form 10-K for the year ended December 31, 2019, and all of its other filings with the Securities and Exchange Commission. The Trust's annual, quarterly and other filed reports are or will be available over the Internet at the SEC's web site at http://www.sec.gov.

ECA Marcellus Trust I
The Bank of New York Mellon Trust Company, N.A., as Trustee
Sarah Newell
1(512) 236-6555

Outages Expected to Affect Approximately 210,000 Customers in portions of San Francisco, San Mateo and Contra Costa Counties

Customers Strongly Urged to Conserve Electricity through Wednesday Night

PG&E Is Not Calling A Public Safety Power Shutoff

SAN FRANCISCO--(BUSINESS WIRE)--Based on current power usage forecasts, it is likely that the state’s electric grid operator, the California Independent System Operator (CAISO), will direct Pacific Gas and Electric Company (PG&E) to conduct rotating power outages in the early to late evening Sunday.

Expected Impacts of Sunday Outages

Should the CAISO direct PG&E to move forward, the outages are expected to affect approximately 210,000 PG&E customers in portions of San Francisco, San Mateo and Contra Costa counties. No customers should be impacted overnight.

Outages are estimated to last one to two hours. PG&E’s Emergency Operations Center is activated and working closely with the CAISO to support this event.

Reason for Rotating Outages

Rotating outages (Stage 3 Emergencies) become necessary when the CAISO is unable to meet minimum contingency reserve requirements and load interruption is imminent or in progress. These emergencies are declared by the CAISO. During these emergencies, the CAISO will typically order the state's utilities, including PG&E, to reduce electrical load by turning off service immediately, in order to prevent larger outages on the grid. Due to the emergency nature of these outages, utilities will not be able to give advance warning to customers.

These outages are not Public Safety Power Shutoffs, which are called during specific high fire threat conditions, and they are not related to any issues with PG&E’s equipment or its ability to deliver energy locally.

PG&E Tips to Save Energy and Reduce Usage

PG&E strongly urges all customers to conserve energy through next Wednesday.

• Raise the thermostat: Cool homes and use air conditioners more during morning hours. Set the thermostat to 78 degrees when at home during the rest of the day, health permitting. Turn it up to 85 degrees or turn it off when not at home.
• Use a ceiling fan: Turn on a ceiling fan when using the air conditioner, which will allow the thermostat to be raised about 4 degrees to save on cooling costs with no reduction in comfort. Turn off fans and lights when you leave the room.
• Cover windows: Use shade coverings and awnings so the air conditioner won’t have to work as hard to cool the home.
• Avoid using the oven: Instead, cook on the stove, use a microwave or grill outside.
• Limit the opening of refrigerators, which are major users of electricity in most homes. The average refrigerator is opened 33 times a day.
• Clean clothes and dishes early: Use large energy-consuming appliances like washing machines and dishwashers earlier in the day or late at night after 10:00 pm.

PG&E Tips to Stay Safe and Cool

• Plan ahead: Check the weather forecast to prepare for hot days.
• Keep an emergency contact list: Keep a list of emergency phone numbers.
• Have a buddy system: Check in on elderly or people with access and function needs.
• Stay hydrated: Drink plenty of water, even when you are not thirsty.
• Stay cool: Take a cool shower or bath and wear lightweight, loose, light-colored clothing.
• Stay safe: Stay out of direct sunlight and avoid alcoholic or caffeinated beverages.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 23,000 employees, the company delivers some of the nation's cleanest energy to 16 million people in Northern and Central California. For more information, visit pge.com and pge.com/news.

Media Relations
415.973.5930

DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced that its board of directors has elected Carlyn Taylor as an independent director and a member of the Audit Committee and the Corporate Governance & Nominating Committee of the board.

Ms. Taylor, 52, has more than 30 years of experience involving strategy and business transformation, capital allocation, capital markets and other transaction-related services. At FTI Consulting, Inc., a Washington, D.C.-based global business advisory firm listed on the New York Stock Exchange, in addition to serving as a member of FTI Consulting’s Executive Committee, Ms. Taylor is the Global Co-Leader of the Corporate Finance segment, leader of the Business Transformation and Transactions practices, and Chairperson of FTI Capital Advisors, FTI Consulting’s investment banking subsidiary. Ms. Taylor is widely recognized for her industry expertise in telecom, media and technology, as well as in industrials, energy, retail and healthcare, among other sectors.

Ms. Taylor’s leadership of the Business Transformation and Transactions practices within the Corporate Finance segment has been instrumental in extending FTI Consulting’s core restructuring and turnaround capabilities by partnering with healthy companies to drive operational excellence, reduce complexity, expand margins, increase capital efficiency and accelerate growth. Ms. Taylor’s leadership of FTI Consulting’s diversified product offering of business transformation and transaction-related services has been critical in driving record financial performance and headcount growth at FTI Consulting. "Carlyn brings to this role an extensive background in corporate strategy, finance and accounting, most notably leveraging her expertise in capital allocation strategies and capital markets to help businesses spearhead transformative initiatives,” said Roger Fix, chairman of the Flowserve board of directors. “The board looks forward to the addition of her expertise and insight as we continue to support the evolution of Flowserve through its Flowserve 2.0 initiatives.”

“The expertise that Carlyn brings from her years of leadership in multiple roles at FTI Consulting will serve us well as we continue to execute on our multi-year Flowserve 2.0 initiatives.” said Scott Rowe, Flowserve president and chief executive officer. “Building the Flowserve of the future requires both operational progress and a board with the strategic foresight to support our vision. The Flowserve executive leadership team and I look forward to leveraging Carlyn’s relevant experience as we continue to drive our long-term strategy, even in these unprecedented times.”

Ms. Taylor holds a B.S. and an M.A. in economics from the University of Southern California, where she graduated as valedictorian. She is a Certified Public Accountant in Colorado and holds investment banking licenses and is a registered general securities principal with FINRA.

“I’m pleased to join the Flowserve board of directors during such a transformative period in the company’s 200-year history,” said Ms. Taylor. “Based on the results of the Flowserve 2.0 transformation initiative to date, the organization is clearly committed to driving enterprise-wide transformation on its journey towards becoming the industry’s fluid motion and control leader through its focus on the customer experience, employee engagement and shareholder value.”

About Flowserve

Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 50 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company’s Web site at www.flowserve.com.

Safe Harbor Statement: This news release includes 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, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as, "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.

The forward-looking statements included in this news release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the following: the impact of the global outbreak of COVID-19 on our business and operations; a portion of our bookings may not lead to completed sales, and our ability to convert bookings into revenues at acceptable profit margins; changes in global economic conditions and the potential for unexpected cancellations or delays of customer orders in our reported backlog; our dependence on our customers’ ability to make required capital investment and maintenance expenditures; if we are not able to successfully execute and realize the expected financial benefits from our strategic transformation and realignment initiatives, our business could be adversely affected; risks associated with cost overruns on fixed-fee projects and in taking customer orders for large complex custom engineered products; the substantial dependence of our sales on the success of the oil and gas, chemical, power generation and water management industries; the adverse impact of volatile raw materials prices on our products and operating margins; economic, political and other risks associated with our international operations, including military actions, trade embargoes, epidemics or pandemics or changes to tariffs or trade agreements that could affect customer markets, particularly North African, Russian and Middle Eastern markets and global oil and gas producers, and non-compliance with U.S. export/re-export control, foreign corrupt practice laws, economic sanctions and import laws and regulations; increased aging and slower collection of receivables, particularly in Latin America and other emerging markets; our exposure to fluctuations in foreign currency exchange rates, including in hyperinflationary countries such as Venezuela and Argentina; our furnishing of products and services to nuclear power plant facilities and other critical processes; potential adverse consequences resulting from litigation to which we are a party, such as litigation involving asbestos-containing material claims; expectations regarding acquisitions and the integration of acquired businesses; our relative geographical profitability and its impact on our utilization of deferred tax assets, including foreign tax credits; the potential adverse impact of an impairment in the carrying value of goodwill or other intangible assets; our dependence upon third-party suppliers whose failure to perform timely could adversely affect our business operations; the highly competitive nature of the markets in which we operate; environmental compliance costs and liabilities; potential work stoppages and other labor matters; access to public and private sources of debt financing; our inability to protect our intellectual property in the U.S., as well as in foreign countries; obligations under our defined benefit pension plans; our internal control over financial reporting may not prevent or detect misstatements because of its inherent limitations, including the possibility of human error, the circumvention or overriding of controls, or fraud; the recording of increased deferred tax asset valuation allowances in the future or the impact of tax law changes on such deferred tax assets could affect our operating results; our information technology infrastructure could be subject to service interruptions, data corruption, cyber-based attacks or network security breaches, which could disrupt our business operations and result in the loss of critical and confidential information; ineffective internal controls could impact the accuracy and timely reporting of our business and financial results; and other factors described from time to time in our filings with the Securities and Exchange Commission.

All forward-looking statements included in this news release are based on information available to us on the date hereof, and we assume no obligation to update any forward-looking statement.

The Company reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP). However, management believes that non-GAAP financial measures which exclude certain non-recurring items present additional useful comparisons between current results and results in prior operating periods, providing investors with a clearer view of the underlying trends of the business. Management also uses these non-GAAP financial measures in making financial, operating, planning and compensation decisions and in evaluating the Company's performance. Throughout our materials we refer to non-GAAP measures as “Adjusted.” Non-GAAP financial measures, which may be inconsistent with similarly captioned measures presented by other companies, should be viewed in addition to, and not as a substitute for, the Company’s reported results prepared in accordance with GAAP.

Investor Contacts:
Jay Roueche, Vice President, Investor Relations & Treasurer (972) 443-6560
Mike Mullin, Director, Investor Relations (972) 443-6636

Media Contact:
Lars Rosene, Vice President, Corporate Communications & Public Affairs (972) 443-6644