Customer satisfaction rooted in utility’s strong commitment to service
TAMPA, Fla.--(BUSINESS WIRE)--For the eighth consecutive year, the residential customers of TECO Peoples Gas have rated the utility highest in customer satisfaction among midsize natural gas companies in the south region segment of the J.D. Power 2020 Gas Utility Residential Customer Satisfaction Study. This year, Peoples Gas received the highest score in the history of the Gas Utility Residential Study and was the first to achieve the highest ranking in their segment eight years in a row.
The study analyzed customer satisfaction in six categories: billing and payment, price, corporate citizenship, communications, customer service and safety and reliability. Peoples Gas swept all six study factors, ranking #1 in the segment.
“Throughout this health crisis, our team has shown true commitment to safely delivering essential energy and services for our neighbors and businesses,” said T.J. Szelistowski, president of Peoples Gas. “We have volunteered, personally donated to food banks and other critical community services, and worked hard to support our customers – especially those in need. This recognition is a testament to our dedication and spirit, and it makes me so proud to know our customers appreciate what we do.”
Soon after the pandemic began, Peoples Gas voluntarily suspended all disconnections related to non-payment for several months and, with its affiliate Tampa Electric, contributed more than $1 million to support Floridians who have lost their jobs or substantial income as a result of COVID-19. “At every level, our team kept going strong because we believe that now, more than ever, Floridians need us,” said Szelistowski. “It is remarkable and motivating that our customers would take the time to participate in the study during the pandemic and share such positive sentiments about us.”
The company continues to make investments and advances in its infrastructure and technologies to ensure a safe and resilient natural gas system and to meet evolving customer expectations and growth.
J.D. Power’s 2020 Gas Utility Residential Customer Satisfaction Study is based on more than 60,000 responses from residential customers of 83 of the largest gas utilities across the continental United States and was conducted between September 2019 and July 2020. Peoples Gas ranked highest in customer satisfaction in residential natural gas service among midsize gas utilities in the south region, which includes eight states.
Peoples Gas System, Florida’s largest natural gas distribution utility, serves more than 400,000 customers across the state. Peoples Gas is a subsidiary of Emera Inc., a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, Canada.
Sylvia Vega 813.228.4381
DUBLIN--(BUSINESS WIRE)--The "AIS Medium Voltage (MV) Switchgear Market Analysis Report + Database (Europe, Germany, France, Spain): AIS Primary, AIS Secondary Segmentation in Utility, Generation & Industry" report has been added to ResearchAndMarkets.com's offering.
This MV Switchgear research service focuses on three application verticals where MV Switchgear is used: Distribution, Generation and Industry. This service looks at each of these verticals in depth, analyzing the market trends and growth factors by looking at the deployment strategies of utilities, IPPs and industrial customers. This understanding coupled with the knowledge of design topologies in every country ensures that the final analysis is highly detailed and covers all aspects of the market, both technically and strategically. A comprehensive analysis of the competitive landscape in addition to market accessibility research, segmented by technology, voltage and application is also possible should our clients require very specific details.
With an active increase in Distributed Generation (DERs) and Electric Vehicle (EV) penetration, grid dynamics at the distribution level are more complex than ever. MV Switchgear market has further complex demand dynamics considering the varying distribution grid structure around the world and factors like primary vs secondary switchgear use and equipment preferences (Indoor vs Outdoor).
Key Topics Covered:
1. Executive Summary
2. Region Overview
I. Market Setting and Customers
II. Trade Overview
III. Equipment Standards
3. Market Sizing
I. Europe AIS Primary MV Switchgear Market Sizing by Vertical (Utility, Industry, Generation), by Voltage and Comments
II. Europe AIS Secondary MV Switchgear Market Sizing by Vertical (Utility, Industry, Generation), by Voltage and Comments
III. Germany AIS Primary MV Switchgear Market Sizing by Vertical (Utility, Industry, Generation), by Voltage and Comments
IV. Germany AIS Secondary MV Switchgear Market Sizing by Vertical (Utility, Industry, Generation), by Voltage and Comments
V. France AIS Primary MV Switchgear Market Sizing by Vertical (Utility, Industry, Generation), by Voltage and Comments
VI. France AIS Secondary MV Switchgear Market Sizing by Vertical (Utility, Industry, Generation), by Voltage and Comments
VII. Spain AIS Primary MV Switchgear Market Sizing by Vertical (Utility, Industry, Generation), by Voltage and Comments
VIII. Spain AIS Secondary MV Switchgear Market Sizing by Vertical (Utility, Industry, Generation), by Voltage and Comments
4. Competitive Analysis
I. Market Shares
II. M&A Activity
III. Product Benchmarking (top suppliers)
5. Supplier Profiles
6. Market Accessibility
I. Sales Channel Analysis
II. Procurement Preferences
III. Business Practices
IV. Quotes from Interviews
Companies Mentioned
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NEW YORK--(BUSINESS WIRE)--#dividend--The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on September 30, 2020 to holders of record at the close of business on September 15, 2020.
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at http://www.hess.com.
For Hess Corporation
Investor Contact:
Jay Wilson
(212) 536-8940
Media Contact:
Lorrie Hecker
(212) 536-8250
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LONDON--(BUSINESS WIRE)--#FuelAdditivesMarket--The fuel additives market is expected to grow by USD 4.08 billion, accelerating at a CAGR of almost 7% during the forecast period. Download Free Sample Report
The rising demand for Ultra-Low Sulfur Diesel (ULSD) is one of the major factors propelling market growth. However, factors such as the rising need for renewable clean fuel, stringent regulations and policies, and growing demand for electric vehicles in the automotive industry will hamper market growth.
More details: Report Page Link
Global Fuel Additives Market: Type Landscape
Based on the type, the deposit control additives segment is expected to witness lucrative growth during the forecast period.
Global Fuel Additives Market: Application Landscape
Based on the type, the diesel fuel additives segment is expected to post significant growth during the forecast period.
Global Fuel Additives Market: Geographic Landscape
By geography, APAC is going to have a lucrative growth during the forecast period. About 45% of the market’s overall growth is expected to originate from APAC. China and India are the key markets for fuel additives in APAC.
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Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Type
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) President and Chief Executive Officer Alan Armstrong is scheduled to participate in virtual meetings with investors, including a fireside chat Q&A session, at the Barclays CEO Energy-Power Conference on Wednesday, September 9.
The fireside chat will begin at approximately 9:05 a.m. Eastern Time (8:05 a.m. Central Time), and a link to the live webcast, as well as a replay, will be available at https://investor.williams.com. A copy of the presentation used during the investor meetings will also be posted on the company’s website the morning of September 9.
About Williams
Williams (NYSE: WMB) is committed to being the leader in providing infrastructure that safely delivers natural gas products to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation and storage of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines system wide – including Transco, the nation’s largest volume and fastest growing pipeline – and handles approximately 30 percent of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use.
MEDIA:
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INVESTOR CONTACT:
Danilo Juvane
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CALGARY, Alberta--(BUSINESS WIRE)--Imperial today confirmed it is undertaking a controlled ramp down at its Kearl oil sands operation due to an ongoing outage on a third-party diluent pipeline related to a release that was detected on August 29, 2020. All production at the Kearl operation has ceased at this time, and the facilities remain ready to ramp up to full production rates once the diluent pipeline is back in service and diluent supply is restored.
Imperial’s first priority continues to be the safety of our employees, contractors and the communities where we operate, and the shutdown will be conducted in a safe and controlled manner. The company is pursuing a number of steps to try to mitigate the operational impacts.
The impact of the outage and a timeline for restart is unknown at this time.
Cautionary statement: Statements of future events or conditions in this release, including projections, targets, expectations, estimates, and business plans are forward-looking statements. Forward-looking statements in this release include, but are not limited to, references to the controlled shutdown of the Kearl operation, the readiness of facilities to ramp up to full production rates once the diluent pipeline is back in service, the ability to safely shutdown, steps to mitigate operational impacts, and the impact of the outage and timing for restart of the Kearl operation.
Forward-looking statements are based on the company's current expectations, estimates, projections and assumptions at the time the statements are made. Actual future financial and operating results, including expectations and assumptions concerning the length of the third party pipeline outage and restoration of diluent supply; the ability to source alternate diluent supply; the company’s ability to effectively execute on its business response and continuity plans; the company’s ability to effectively restart production at the facility; production rates; applicable laws and government policies and actions, including restrictions in response to COVID-19; demand growth and energy source, supply and mix; general market conditions; commodity prices; and capital and environmental expenditures could differ materially depending on a number of factors. These factors include availability and performance of third party service providers, including in light of restrictions related to COVID-19; unanticipated technical or operational difficulties; operational hazards and risks; management effectiveness and disaster response preparedness, including business continuity plans in response to COVID-19; the receipt, in a timely manner, of regulatory and third-party approvals; political or regulatory events, including changes in law or government policy such as actions in response to COVID-19; global, regional or local changes in supply and demand for oil, natural gas, and petroleum products and resulting price, differential and margin impacts; general economic conditions; and other factors discussed in Item 1A risk factors and Item 7 management’s discussion and analysis of financial condition and results of operations of Imperial’s most recent annual report on Form 10-K and subsequent interim reports on Form 10-Q.
Forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties, some that are similar to other oil and gas companies and some that are unique to Imperial Oil Limited. Imperial’s actual results may differ materially from those expressed or implied by its forward-looking statements and readers are cautioned not to place undue reliance on them. Imperial undertakes no obligation to update any forward-looking statements contained herein, except as required by applicable law.
After more than a century, Imperial continues to be an industry leader in applying technology and innovation to responsibly develop Canada’s energy resources. As Canada’s largest petroleum refiner, a major producer of crude oil, a key petrochemical producer and a leading fuels marketer from coast to coast, our company remains committed to high standards across all areas of our business.
Investor relations
(587) 476-4743
Media relations
(587) 476-7010
Two new megawatt installations of Bloom Energy Servers to build new utility-scale, clean energy facilities in the country’s northwestern Gyeonggi province
SAN JOSE, Calif.--(BUSINESS WIRE)--Bloom Energy (NYSE: BE) and SK Engineering and Construction (SK E&C) today announced they have powered on two new clean energy facilities with fuel cell technology in the Gyeonggi province of South Korea. Located respectively in the cities of Hwasung and Paju, these new installations use Bloom Energy’s non-combustion, electrochemical process to produce electricity with lower and predictable energy costs and enhanced reliability – all while reducing carbon emissions.
The first power plant, located in the historic city of Hwasung, boasts a 19.8-megawatt fuel cell deployment of Bloom Energy Servers – the largest Bloom Energy project in South Korea to date and the company’s second largest in the world. This deployment marks the first-ever solid oxide fuel cell project financed in Korea, with over 141 billion KRW of debt and equity financing. The solid oxide fuel cell installment provides a new source of electricity to meet growing energy demand. This facility alone is designed to generate enough electricity to power approximately 43,000 homes in the area.
Located in the city of Paju, the second plant consists of an 8.1 megawatt fuel cell deployment of Bloom Energy Servers designed to power nearly 18,000 homes in the area. Furthermore, the new plant not only generates clean and reliable energy for the city, it also supplies its residents in rural areas with natural gas via new city pipelines for the first time.
South Korea is a leader and global champion of fuel cell technology for utility-scale power generation. By latest estimates, its six power generation companies have deployed approximately 300 megawatts of fuel cell power to date.
This is just the beginning. South Korea has introduced several initiatives to increase power generation from renewable and new technologies. The government released a Hydrogen Economy Roadmap in 2019 calling for 15,000 megawatts of stationary fuel cells by 2040. And, South Korea’s Renewable Portfolio Standard incentivizes generation companies to increase renewable and new technology derived power to 10 percent by 2023. These energy initiatives don’t simply promote energy innovation, but also cleaner solutions and the reduction of greenhouse gas emissions.
Solid oxide fuel cell servers, unlike other fuel cell power generators, reuse the heat they produce and do not need a heat requirement to be efficient or cost-effective, making them an option for more power users. Bloom Energy Servers have one of the highest electrical efficiency of any commercially available electric power generation system in the world, resulting in low fuel consumption – a valuable feature in a country that imports all of its gas. Additionally, the terrain and population density of South Korea make small footprint and modularly designed Bloom Energy Servers a practical energy solution for the country.
“South Korea is clearly on the leading-edge of our world’s energy future,” said KR Sridhar, founder, chairman and CEO of Bloom Energy. “And, this utility-scale deployment of fuel cells is a powerful proof point of its ambitious energy plan. Bloom Energy is proud to support this visionary effort to make clean, reliable, resilient, and adaptable power generation.”
“We must all be thinking about how to provide the energy needed today while also contributing to the betterment of our air and environment,” explained Jason Ahn, President and CEO of SK E&C. “Embracing technology advancements, like those from Bloom Energy, addresses energy needs and benefits to the environment and society.”
South Korea was one of the first countries heavily impacted by the COVID-19 pandemic; however, the country was successful in keeping business running, and the 19.8-megawatt installation was able to be constructed and completed during the pandemic.
In July 2020, Bloom announced plans to enter the commercial hydrogen market by introducing hydrogen-powered fuel cells and electrolyzers that produce renewable hydrogen. These products will be first introduced to the South Korean market in 2021 through an expanded partnership with SK E&C.
About Bloom Energy
Bloom Energy’s mission is to make clean, reliable energy affordable for everyone in the world. The company’s product, the Bloom Energy Server, delivers highly reliable and resilient, always-on electric power that is clean, cost-effective, and ideal for microgrid applications. Bloom’s customers include many Fortune 100 companies and leaders in manufacturing, data centers, healthcare, retail, higher education, utilities, and other industries. For more information, visit www.bloomenergy.com.
Bloom Energy and the Bloom Energy logo are registered trademarks of Bloom Energy Corporation.
Forward-Looking Statements under the Private Securities Litigation Reform Act of 1995
This press release contains forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties. Words such as “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “seeks,” “estimates,” “can,” “may,” “will,” “would” and similar expressions identify such forward-looking statements. These statements include, but are not limited to statements regarding t plans to enter the commercial hydrogen market by introducing hydrogen-powered fuel cells and electrolyzers that produce renewable hydrogen; plans to introduce these types of products into the South Korean market in 2021. These statements should not be taken as guarantees of results and should not be considered an indication of future activity or future performance. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties, including those included in the risk factors section and other sections of Bloom’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2020 and other risks detailed in Bloom’s SEC filings from time to time. Bloom undertakes no obligation to revise or publicly update any forward-looking statements unless if and as required by law.
Media Relations
Jennifer Duffourg
Bloom Energy
T: 480.341.5464
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Investor Relations
Mark Mesler
Bloom Energy
T: 408.543.1743
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MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE American: NOG) (“Northern” or the “Company”) today announced a 1-for-10 reverse split of its common stock. Beginning on September 21, 2020, the Company’s common stock will trade on the NYSE American on a split-adjusted basis.
At the Company’s special meeting of stockholders on August 17, 2020, the Company’s stockholders authorized the Board of Directors to effect the reverse stock split, with 95% of the shares that voted approving the reverse stock split.
When the reverse stock split becomes effective, the number of authorized shares of the Company’s common stock will decrease to 135.0 million, while the number of issued and outstanding shares will be reduced from approximately 436.4 million to approximately 43.6 million (based on shares outstanding as of August 31, 2020). No fractional shares will be issued following the reverse stock split. In lieu of any fractional shares, any holder of less than one share of common stock will be entitled to receive cash for such holder’s fractional share. The reverse stock split will not impact the authorized number of shares of preferred stock of the Company.
The Company’s common stock will continue to trade on the NYSE American under the symbol “NOG.” The new CUSIP number for the common stock following the reverse stock split is 665531 307.
Registered stockholders holding all of their shares of common stock electronically in book-entry form do not need to take any action in connection with the reverse stock split. For those stockholders holding physical stock certificates, the Company’s transfer agent, EQ Shareowner Services, will send instructions offering holders the option to surrender such stockholders’ current certificates. Any stockholders that submit their certificates representing pre-split shares of common stock will have the option to (i) receive a stock certificate representing their post-split shares of common stock or (ii) have their post-split shares held electronically in book entry form.
Additional information about the reverse stock split can be found in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on July 8, 2020, a copy of which is also available at www.sec.gov or at www.northernoil.com under the SEC Filings tab located on the Investors page.
ABOUT NORTHERN OIL AND GAS
Northern Oil and Gas, Inc. is a company with a primary strategy of investing in non-operated minority working and mineral interests in oil & gas properties, with a core area of focus in the Williston Basin Bakken and Three Forks play in North Dakota and Montana. More information about Northern Oil and Gas, Inc. can be found at www.northernoil.com.
Mike Kelly, CFA
EVP Finance
952-476-9800
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AKRON, Ohio--(BUSINESS WIRE)--$BW #asiapacific--Babcock & Wilcox (B&W) (NYSE: BW) announced today that it is establishing its Asia-Pacific Region headquarters in Perth, Australia, to serve as the center of operations for its expansion in the Asia-Pacific market. B&W has named Nick Carter as Managing Director of the region.
The company also is establishing or expanding operations in Indonesia, the Philippines, Vietnam, Thailand, China, India and other countries. B&W’s three business segments – B&W Environmental, B&W Renewable and B&W Thermal – will draw on the resources of these operations to meet the needs of customers throughout the Asia-Pacific region.
“There is significant demand for clean energy, waste-to-energy, emissions and environmental controls, and advanced thermal energy solutions in the Asia-Pacific region. Establishing a strong presence in this region, along with a key management and operations team, is an important next step for Babcock & Wilcox,” said B&W Chief Executive Officer Kenneth Young. “B&W Environmental, B&W Renewable and B&W Thermal offer comprehensive, industry-leading technologies and equipment, parts, plant maintenance and other services that are well-known and respected throughout the Asia-Pacific region, which we estimate has an addressable market of nearly $8 billion over the next three years.”
“Under Nick Carter’s experienced, skilled leadership, we are already seeing signs of success as the energy demands and environmental mandates within this region are expanding exponentially,” Young said.
Carter has considerable experience within the power generation sector, including more than 20 years in South America and the Asia-Pacific region delivering major power generation projects. Carter began his career with Bechtel Corporation and joined B&W in 1980, and subsequently held a number of international positions of increasing responsibility including managing large power generation projects, and serving as Director, International Sales and Business Development for the Asia-Pacific region. Between 2008 and 2014, he served as President of NixEnergy Inc. and as Vice President of Business Development for Kiewit Energy Group Inc., before rejoining B&W in 2014. Carter is a graduate of Auckland Technical Institute (AIT), New Zealand, and Petone Institute of Technology.
B&W’s focus for the Asia-Pacific region will include upgrades, parts, equipment and other services to customers in the renewable, environmental and thermal markets, including to under-serviced local markets and the pulp & paper and petrochemical sectors.
About B&W
Headquartered in Akron, Ohio, Babcock & Wilcox is a global leader in energy and environmental technologies and services for the power and industrial markets. Follow us on Twitter @BabcockWilcox and learn more at www.babcock.com.
Forward-Looking Statements
B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the company’s plan to expand its presence in the Asia-Pacific region in support of the growth of its three business segments – B&W Renewable, B&W Environmental and B&W Thermal. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.
Investor Contact:
Megan Wilson
Vice President, Corporate Development & Investor Relations
Babcock & Wilcox
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Media Contact:
Ryan Cornell
Public Relations
Babcock & Wilcox
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NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Clean Energy Fuels Corp. (NASDAQ: CLNE) announced it has been contracted by New York Metropolitan Transportation Authority (MTA) to provide its Redeem™ renewable natural gas (RNG), a fuel derived from organic waste, to power the MTA’s 800 natural gas transit buses.
“The MTA is a prime example of a major transit agency recognizing the environmental benefits and financial value of RNG,” said Andrew J. Littlefair, president and CEO, Clean Energy. “We’re pleased to support their efforts by supplying low-carbon RNG, a cleaner fuel option that will help improve air quality and fight climate change in the region.”
The multi-year agreement for an estimated 25 million gallons of Clean Energy’s Redeem™ RNG is expected to reduce greenhouse gas emissions annually by 25,351 metric tons—the equivalent of removing 5,477 gasoline cars from the road, planting 419,184 trees, and recycling 8,623 tons of landfill waste—by switching to RNG from fossil CNG.
"We applaud the MTA for taking bold action to improve the environment by choosing to fuel their transit busses with RNG,” Johannes Escudero, CEO and executive director, Coalition for Renewable Natural Gas. “The air quality and greenhouse gas benefits of MTA's purchase of RNG have the potential to be multiplied many times over with the passage of a New York Clean Fuels Program, a policy proposal that is designed to incentivize more fleets to choose cleaner fuels and is supported by a broad coalition of environmental and business groups in the state.”
Redeem is the first commercially available RNG vehicle fuel, derived from capturing biogenic methane that is produced from the decomposition of organic waste from dairies, landfills, and wastewater treatment plants. Switching to Redeem will reduce the MTA’s carbon footprint of its natural gas transit buses.
About Clean Energy
Clean Energy Fuels Corp. is North America’s leading provider of the cleanest fuel for the transportation market. Through its sales of Redeem™ renewable natural gas (RNG), which is derived from capturing biogenic methane produced from decomposing organic waste, Clean Energy allows thousands of vehicle fleets, from airport shuttles to city buses to waste and heavy-duty trucks, to reduce their amount of climate-harming greenhouse gas by at least 70% and even up to 300% depending on the source of the RNG. Clean Energy can deliver Redeem through compressed natural gas (CNG) and liquified natural gas (LNG) to its network of approximately 540 fueling stations across the U.S. and Canada. Clean Energy builds and operates CNG and LNG fueling stations for the transportation market, owns natural gas liquefication facilities in California and Texas, and transports bulk CNG and LNG to non-transportation customers around the U.S. For more information, visit www.CleanEnergyFuels.com.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks, uncertainties and assumptions, including without limitation statements about amounts of RNG expected to be consumed and the benefits of RNG. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements. The forward-looking statements made herein speak only as of the date of this press release and, unless otherwise required by law, the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. Additionally, the reports and other documents the Company files with the SEC (available at www.sec.gov) contain risk factors, which may cause actual results to differ materially from the forward-looking statements contained in this news release.
Clean Energy Contact:
Raleigh Gerber
949-437-1397
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DALLAS--(BUSINESS WIRE)--Kosmos Energy (NYSE/LSE: KOS) announced today that Andrew G. Inglis, chairman and chief executive officer, will present at the Barclays CEO Energy-Power Conference on September 9, 2020, at 8:25 a.m. EDT. The presentation materials and a live webcast of the event will be available on the investors page of Kosmos’ website at investors.kosmosenergy.com. A replay of the webcast will be available on the website for approximately 90 days following the event.
About Kosmos Energy
Kosmos is a full-cycle deepwater independent oil and gas exploration and production company focused along the Atlantic Margins. Our key assets include production offshore Ghana, Equatorial Guinea and U.S. Gulf of Mexico, as well as a world-class gas development offshore Mauritania and Senegal. We also maintain a sustainable exploration program balanced between proven basin infrastructure-led exploration, emerging basins and frontier basins. Kosmos is listed on the New York Stock Exchange and London Stock Exchange and is traded under the ticker symbol KOS. As an ethical and transparent company, Kosmos is committed to doing things the right way. The Company’s Business Principles articulate our commitment to transparency, ethics, human rights, safety and the environment. Read more about this commitment in the Kosmos 2018 Corporate Responsibility Report. For additional information, visit www.kosmosenergy.com.
Investor Relations
Jamie Buckland
+44 (0) 203 954 2831
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Media Relations
Thomas Golembeski
+1-214-445-9674
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New Green Hydrogen Projects Total More Than $3 Billion Investment
LAKE MARY, Fla.--(BUSINESS WIRE)--#CleanEnergy--Mitsubishi Power — a world leader in power generation and short- and long-duration energy storage — accelerates the path toward 100% carbon-free power generation by launching the world’s first standard packages for green hydrogen integration. Intermittent renewable capacity is expected to almost quadruple by 2050,* and recent power shortages in California and elsewhere have elevated industry concerns that power balancing and energy storage are essential components to successfully operate a low-carbon power grid. Mitsubishi Power’s standard packages cut through the complexity power generators and grid operators encounter when integrating renewable power, gas turbines, green hydrogen and other energy storage technologies. In addition to two previously announced hydrogen projects, Mitsubishi Power has been selected as the green hydrogen storage integrator for three projects, totaling more than $3 billion, using its new standard packages.
Mitsubishi Power’s integrated green hydrogen solutions are the Hydaptive™ package and the Hystore™ package. The Hydaptive™ package provides renewable energy flexibility by acting as a near-instantaneous power balancing resource that greatly enhances the ability of a simple cycle or combined cycle power plant to ramp output up and down to provide grid balancing services. It integrates a hydrogen and natural gas fueled gas turbine power plant with electrolysis to produce green hydrogen using 100% renewable power and onsite storage of green hydrogen. Patent-pending TOMONI™ software and controls enable rapid load response by integrating operations of the gas turbines and the electrolysis plants. The package is available for new gas turbine power plants or as a retrofit to existing plants to improve flexibility and extend asset life.
The Hystore™ package combines the Hydaptive™ package with access to large-scale off-site hydrogen production and storage infrastructure, enabling large-scale renewable energy storage that shifts variable renewable energy over time, from hours to seasons, and provides reliable and cost-effective carbon-free energy when the grid needs it most.
With these packages, Mitsubishi Power seamlessly optimizes integration across renewables, energy storage, and gas turbines, which all work together to create and incorporate green hydrogen — the key to reaching zero-carbon emissions. The green hydrogen energy storage system includes three key elements. First, electrolysis plants convert excess renewable energy into hydrogen. Next, storage mediums such as salt caverns, pipelines or above ground vessels store this “green hydrogen” for hours to seasons, depending on the grid’s needs. Finally, hydrogen-enabled simple cycle or combined cycle gas turbine power plants convert the green hydrogen into centralized dispatchable electricity. Together, this storage system enables further balancing of renewable energy and better equips states and utilities to reliably and cost effectively meet their climate goals.
Mitsubishi Power’s previously announced green hydrogen projects in Delta, Utah, are the inspiration for the Hystore™ package. These are the Advanced Clean Energy Storage project and the $1.9 billion Intermountain Power Project. Today, Mitsubishi Power is announcing three new projects, with investments totaling more than $3 billion, that can use the Hydaptive™ package to help convert units over time from natural gas to hydrogen energy storage. These projects each include JAC gas turbine power islands that are initially capable of operating on 30% green hydrogen, with future capability of operating on 100% green hydrogen.
The first project is at Danskammer Energy, LLC in Newburgh, New York, with a capacity of 600 MW. Danskammer’s CEO William Reid said, “We are committed to helping New York meet its climate targets. We selected Mitsubishi Power’s product because it would ready our facility to be a hydrogen-based zero-carbon power generator. By partnering with Mitsubishi Power for integrated green hydrogen generation and storage technologies, we hope to provide leadership in developing short- and long-duration energy storage infrastructure in New York State.”
The second project is being developed by Balico, LLC in Virginia. Balico’s CEO Irfan K. Ali said, “Balico’s fully permitted 1,600 megawatt Chickahominy Power Project is poised to deliver the critical Dominion Zone PJM market and Virginia the most efficient and reliable gas turbine technology in the world. We are excited at the prospect of even further environmental improvement by incorporating Mitsubishi Power’s innovative renewable hydrogen based technologies.”
EmberClear chose Mitsubishi Power’s package for its fully permitted 1,084 MW Harrison Power Project in Cadiz, Ohio. EmberClear’s President and CEO Raj Suri said, “We look forward to the flexibility the Mitsubishi Power technologies will provide as we ramp green hydrogen integration. We expect this plant to be the first hydrogen-capable project to reach commercial operation east of the Mississippi River. We also plan to use Mitsubishi Power as the green hydrogen integrator in our Eastern Pennsylvania project, which is in the early stages of development.”
Mitsubishi Power’s package approach includes a technology, services and financial wrap, which ensures technical and commercial predictability and provides customers confidence that the integrated solutions will operate safely, reliably and cost effectively for decades.
Paul Browning, President and CEO of Mitsubishi Power Americas, said, “We previously announced two green hydrogen projects in Delta, Utah, that were the inspiration for the Hystore™ package, which provides massive long-duration storage of renewable energy. We are now announcing three additional projects that will utilize the Hydaptive™ package to provide greatly improved power plant flexibility and make a power plant 'hydrogen ready' as hydrogen infrastructure matures and renewable storage requirements increase. These standard packages offer a total solution to our customers who are seeking to integrate power generation with power storage. With these projects and others to come, we will create a true path to the zero-carbon power grid of the future. Together with our customers, we are creating a Change in Power.”
Click here to view the Hydaptive™ package schematic.
*Based on U.S. Energy Information Administration’s Annual Energy Outlook 2020.
About Mitsubishi Power Americas, Inc.
Mitsubishi Power Americas, Inc. (Mitsubishi Power) headquartered in Lake Mary, Florida, employs more than 2,000 power generation, energy storage, and digital solutions experts and professionals. Our employees are focused on empowering customers to affordably and reliably combat climate change while also advancing human prosperity throughout North and South America. Mitsubishi Power’s power generation solutions include natural gas, steam, aero-derivative, geothermal, distributed renewable technologies, environmental controls, and services. Energy storage solutions include green hydrogen and battery energy storage systems. Mitsubishi Power also offers digital solutions that enable autonomous operations and maintenance of power assets. Mitsubishi Power is a part of Mitsubishi Power, Ltd., a wholly owned subsidiary of Mitsubishi Heavy Industries, Ltd. (MHI). Headquartered in Tokyo, Japan, MHI is one of the world’s leading heavy machinery manufacturers with engineering and manufacturing businesses spanning energy, infrastructure, transport, aerospace and defense. For more information, visit the Mitsubishi Power Americas website and follow us on LinkedIn.
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Proceeds Support Eligible Clean Energy Investments
WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) today announced the issuance of $120 million of Green Bonds. The proceeds from the sale will fund eligible green investments, including NJR’s commercial solar projects. The bonds have an annual fixed rate of 3.13 percent with a maturity date of September 1, 2031.
“Sustainability is a cornerstone of our company,” said Steve Westhoven, President and Chief Executive Officer of New Jersey Resources. “These green bonds are consistent with our investment strategy and reflect our commitment to responsibly develop clean energy projects, reduce emissions and grow our business.”
Green bonds are financial instruments designed to encourage sustainability projects, such as clean energy production, energy efficiency and environmentally friendly technologies, among others. The net proceeds of NJR’s offering support its clean energy investments, including 10 commercial solar projects with a combined installed capacity of nearly 63 megawatts (MW), or enough clean energy to power approximately 9,900 homes and eliminate about 60,000 tons of carbon dioxide annually.
This is NJR’s second issue of green bonds. NJR has now financed 113 MW of its commercial solar projects with green bonds.
A leader in New Jersey’s clean energy marketplace, NJR invests in, owns and operates green projects that generate clean power and provide low-carbon energy solutions. Since 2009, NJR has invested over $900 million in residential and commercial solar projects in the state totaling more than 350 MW.
About New Jersey Resources
New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is composed of five primary businesses:
NJR and its more than 1,100 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve® and initiatives such as The SAVEGREEN Project® and The Sunlight Advantage®. For more information about NJR: www.njresources.com.
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LONDON--(BUSINESS WIRE)--#OilCountryTubularGoodsOCTGMarketinIndonesia--The oil country tubular goods market in Indonesia is expected to grow by USD 51.81 million, accelerating at a CAGR of almost 3% during the forecast period. Download Free Sample Report
An increase in rig count and a rise in demand for oil and gas are some of the major factors propelling market growth. However, the lack of sufficient investment in the upstream oil and gas sector, rise in the adoption of renewable sources of energy, and renewal of the coal market in Indonesia will hamper market growth.
More details: Report Page Link
Oil Country Tubular Goods Market in Indonesia: Product Landscape
Based on the product, the seamless tubular goods segment is going to witness lucrative growth during the forecast period.
Oil Country Tubular Goods Market in Indonesia: Application Landscape
Based on the application, the onshore segment is going to see lucrative growth during the forecast period.
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AKRON, Ohio--(BUSINESS WIRE)--$BW #BabcockWilcox--Babcock & Wilcox (B&W) (NYSE: BW) announced today that it is continuing to expand its presence in Europe to support the growth of its three business segments – B&W Renewable, B&W Environmental and B&W Thermal. Gary Cochrane has been named Managing Director of its European region and will lead the company’s efforts to leverage its established offices, manufacturing facilities and operations in the U.K., Germany, Denmark, Italy and Sweden to expand its footprint in Europe.
B&W is adding sales, service, operations and support staff to serve new and existing customers and pursue new opportunities across the region.
“B&W has successfully operated in Europe for many decades and is an industry leader in providing advanced technologies for biomass-to-energy, waste-to-energy, environmental, boiler cleaning and engineered solutions for a wide range of applications,” said B&W Chief Executive Officer Kenneth Young. “We’re increasing our presence to leverage these important markets by putting key management and operational teams in place, augmenting our staff and capabilities and pursuing new opportunities.”
“As Managing Director, Gary Cochrane will lead our efforts to build on our strong foundation in Europe and capitalize on the estimated addressable market of more than $7 billion over the next three years, as more European power providers and industries transition to cleaner energy options and advanced waste-to-energy and biomass technologies,” Young said. “He will coordinate our regional growth initiatives for all B&W product lines as we pursue new opportunities in renewable energy across all of Europe and provide customers with environmental, renewable and thermal solutions in these growing markets.”
Cochrane joined B&W in 2018, most recently holding responsibility for the company’s parts & service business across Europe, the Middle East and Africa. He previously served as a regional general manager for Weir Oil & Gas in Europe, Russia and the Caspian region. Prior to that, Cochrane was responsible for identifying and implementing market strategies and technologies for Oceaneering International Services. He earned his bachelor’s degree in energy and environmental engineering from Napier University in Edinburgh, Scotland.
About B&W
Headquartered in Akron, Ohio, Babcock & Wilcox is a global leader in energy and environmental technologies and services for the power and industrial markets. Follow us on Twitter @BabcockWilcox and learn more at www.babcock.com.
Forward-Looking Statements
B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the company’s plan to expand its presence in Europe in support of the growth of its three business segments – B&W Renewable, B&W Environmental and B&W Thermal. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.
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Sixgill’s Unified AI Platform and Computer Vision Technology Enable CleanConnect.ai’s Rapid Go-To-Market with Game-Changing Solutions
SAN FRANCISCO--(BUSINESS WIRE)--#AI--Sixgill, LLC, a leading AI IoT platform provider for unified end-to-end machine learning lifecycle management, announced a partnership with Colorado-based CleanConnect.ai to deliver a suite of AI solutions to the oil and gas industry. Sixgill's Sense AI platform enables CleanConnect.ai to rapidly and easily train, deploy and manage computer vision models for their oil and gas customers, expanding their solutions portfolio and unlocking the value of AI-powered automation and insights.
Autonomous technologies are becoming essential to oil and gas operators’ strategic initiatives for improved operational agility and environmental compliance. By continuously collecting and processing data from video cameras installed on oil and gas sites, the CleanConnect.ai solutions suite, powered by Sixgill Sense, provides operators with “hands off” automated intelligence and instant alerts, saving operators significant cost, labor, and time while facilitating immediate, accurate mitigation and remediation.
The companies also announced the commercial availability of the solutions suite that includes real-time Volatile Organic Compounds (VOC) gas leak detection, non-invasive tank-level monitoring, and security surveillance.
Game-Changing Innovation
The Sixgill and CleanConnect.ai partnership offers fast and easy-to-deploy video camera and computer vision technologies with full integration and managed services that automate oil and gas operations and compliance in new ways, including:
High-Impact Partnership
Sixgill and CleanConnect.ai formed their partnership based on a shared vision that by implementing the power and efficiency of AI, some of the most intensive challenges faced by the oil and gas industry can be solved today, such as:
“Sixgill is pleased to join forces with CleanConnect.ai to accelerate their launch of an AI solutions suite that solves some of oil and gas operators’ most critical challenges, including protecting the environment and keeping sites, workers, and communities safe,” said Carlos Anchia, CEO of Sixgill. “Our highly sophisticated Sense platform equips data scientists and ML engineers with centralized end-to-end tools they need to create computer vision solutions. For non-technical stakeholders, Sense makes the magic of AI-powered discovery accessible for the first time.”
“In these turbulent times, the oil and gas industry needs AI efficiency and automation more than ever,” said Mark Smith, President of CleanConnect.ai. “We’re pleased to partner with Sixgill, a company immersed in AI technologies with proven ability to deliver with great urgency and accuracy.” Smith added, “Within five years, we believe 10,000 oil and gas pad sites in the U.S. and Canada will be remotely monitored and managed by harnessing the power of AI to achieve autonomous field operations and predictive optimization.”
About Sixgill
Sixgill provides an industry-first AI IoT platform for end-to-end machine learning (ML) lifecycle management. The Sixgill Sense platform empowers enterprise executives, data scientists, and ML engineers with one unified system for computer vision and IoT solutions. In one powerful yet easy to use interface, AI/ML teams get integrated tools for device fleet management, machine learning model building with HyperLabel® data annotation, and flexible edge, cloud, on-premise or hybrid deployment. Sixgill accelerates the productionalization and success of AI-powered video, edge and IoT applications at any scale. To learn more, visit Sixgill.com.
About Clean Connect
CleanConnect.ai helps oil and gas operators automate compliance, eliminate truck rolls, and optimize operations by harnessing the power of AI.
© 2020 Sixgill, LLC. All rights reserved. Trademarks and logos are the property of their respective owners.
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SAN FRANCISCO--(BUSINESS WIRE)--As part of its commitment to help communities recover from the August wildfires in Northern California, Pacific Gas and Electric Company (PG&E) has outlined a series of billing and service modifications available to support customers in impacted areas.
“PG&E is committed to supporting our customers during this difficult time. For our customers who recently lost their homes or businesses to wildfires, we are offering additional help with billing, disconnections, reconnections and more. We will be by your side and will continue to support you if you choose to rebuild,” said Laurie Giammona, PG&E Senior Vice President and Chief Customer Officer.
The following are some of the actions PG&E has taken to support customers who lost their home or business as a result of the recent lightning-sparked wildfires:
Billing Support: As part of its comprehensive disaster billing and credit policy, PG&E will:
Suspend Disconnections: For residential and small-business customers, disconnections for non-payment have been suspended, as well as associated fees.
Credit Support: PG&E is committed to providing customers gas and electric service regardless of their ability to pay during this difficult time. PG&E already does not charge residential and small-business customers deposits or reconnection fees.
Flexible Payment Plans: Once wildfire-impacted customers start receiving gas and electric service again, flexible payment plans are available.
Bill Assistance Programs
In addition, PG&E offers additional programs for customers who qualify to help save money on their PG&E bill:
California Alternate Rates for Energy (CARE) Program: Qualified households can save 20 percent or more each month on their energy bill.
Family Electric Rate Assistance (FERA) Program: Separate from CARE, income-qualified households with three or more people can apply for a monthly discount on their electric bill.
Relief for Energy Assistance through Community Help (REACH): Provides income-qualified customers with financial assistance during times of hardship. Customers impacted by the wildfires are eligible for financial assistance. Certain limitations may apply.
Medical Baseline: Residential customers who have additional energy needs due to certain qualifying medical conditions can receive a lower rate on monthly energy bills. There are no income qualifications. Visit www.pge.com/medicalbaseline for more information.
Dedicated Support Contact
For customers who choose to rebuild, they will be assigned a dedicated member of the PG&E Community Rebuild Team through the “Customer Connections” portal, who will provide the following:
In-Person and Online Support: PG&E has dedicated service support for customers to initiate and track new and temporary electric service installation requests through www.pge.com/cco.
Expediting Service Requests: Expediting move-in and move-out service requests. PG&E is also offering the ability to re-establish service under a prior rate schedule.
No Temporary Service Fees: PG&E will waive fees for establishing temporary service for rebuilding purposes.
For more information, please visit pge.com/consumer-protections. PG&E is continuing to work across the company to review policies and procedures to ensure it is supporting and providing relief to customers who were impacted by wildfires.
PG&E’s customer service personnel are available any time of day through PG&E’s dedicated Building and Renovation line. Call 877-743-7782 and push #4 for wildfire victim support.
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 nearly 16 million people in Northern and Central California. For more information, visit pge.com and pge.com/news.
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Gains continued in Q2 despite COVID-19 lockdown
CLEARWATER, Fla.--(BUSINESS WIRE)--$OCLN #water--OriginClear Inc. (OTCQB: OCLN), The Water Company For The New Economy™, today announces its recent 10-Q Quarterly Report, revenue for the six months ending June 30 increased by 22% over the same period in 2019 while losses from operations for the same period narrowed by 22%.
“Going into the second quarter, we went all-out to ensure COVID-19 work restrictions didn’t impact our business,” said Riggs Eckelberry, OriginClear CEO. “It appears we succeeded.”
“Our efforts to streamline operations quite apparently are paying off,” said Tom Marchesello, OriginClear Chief Operating Officer. “We will strive to continue to drive revenues and cost efficiencies for the balance of the year.”
For the six months ended June 30, 2020, revenue increased by $390,473 (22%) to $2,147,438 compared to $1,756,965 for the same period last year. Loss from operations narrowed by $429,288 (22%) to $1,499,914 from $1,929,202 for the same period last year.
For the three months ended June 30, 2020, revenue increased by $40,078 (4%) to $1,055,000 compared to $1,014,922 for the same period last year. Loss from operations narrowed by $61,166 (8%) to $748,030 from $809,196 for the same period last year.
About OriginClear, Inc.
Water is our planet’s most valuable resource, and the mission of OriginClear is to provide breakthrough water treatment and conveyance products that effectively improve the quality of our planet’s waters by returning them to their original and clear condition and deliver the highest quality water to end-users. By 2020, the global water services market will have doubled in just one decade into a trillion-dollar industry. But 80% of all sewage in the world is never treated, and up to 35% of all clean water is lost in transit. This calls for self-help solutions at the point of use, a movement known as decentralized water treatment. Our mission is to enable this decentralized water revolution by providing rapid deployment, point-of-use water treatment and conveyance products and technologies that enable water independence and help make clean water available for all.
For more information, visit the company’s website at www.OriginClear.com.
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OriginClear Safe Harbor Statement:
Matters discussed in this presentation contain forward-looking statements. When used in this update, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with our history of losses and our need to raise additional financing, the acceptance of our products and technology in the marketplace, our ability to demonstrate the commercial viability of our products and technology and our need to increase the size of our organization. Further information on the Company's risk factors is contained in the Company's quarterly and annual reports as filed with the Securities and Exchange Commission. The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason except as may be required under applicable law. There cannot be any assurance that our agreements with AlMansoori Specialized Engineering will enable us to generate any revenue.
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LONDON--(BUSINESS WIRE)--#GlobalSpectacleFlangesMarket--Technavio has been monitoring the spectacle flanges market and it is poised to grow by USD 201.51 million during 2020-2024, progressing at a CAGR of over 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions:
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aashish Steel, Buffalo Flange Inc., Chengdu Derbo Steel Co. Ltd., Neo Impex Stainless Pvt. Ltd., Nexus Alloys & Steels Pvt. Ltd., Petromat Oil & Gas Equipment Pvt. Ltd., Quality Forge & Fitting, Raaj Sagar Steels, Rajendra Industrial Corp., and USA Industries Inc. are some of the major market participants. Although the Expansion of crude oil and natural gas pipelines 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 position in the slow-growing segments.
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Spectacle Flanges Market 2020-2024: Segmentation
Spectacle Flanges Market is segmented as below:
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Spectacle Flanges Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The spectacle flanges market report covers the following areas:
This study identifies the rising demand from the water and wastewater treatment industry as one of the prime reasons driving the Spectacle Flanges Market growth during the next few years.
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Spectacle Flanges Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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LONDON--(BUSINESS WIRE)--#GlobalOilWellChristmasTreeMarket--The oil well Christmas tree market is expected to grow by USD 307.30 million, accelerating at a CAGR of about 2% during the forecast period. Download Free Sample Report
Increasing investment in the upstream sector is one of the major factors propelling market growth. However, the rapid spread of COVID-19, resulting in the suspension of industrial activities will hamper market growth.
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Global Oil Well Christmas Tree Market: Application Landscape
Based on the application, the onshore segment will see lucrative growth during the forecast period. The segment is mainly driven by the technological advances in oil and gas E&P activities in onshore platforms. In addition, factors such as increasing investments in oil and gas E&P activities, rising global energy demands, and the recovery of crude oil prices are contributing to the growth of the segment.
Global Oil Well Christmas Tree Market: Geographic Landscape
By geography, MEA is going to witness lucrative growth during the forecast period due to the rising focus on capacity expansion by prominent players in the region. Also, the rising number of subsea oil and gas projects in MEA will contribute to the growth of the oil well Christmas tree market.
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