PDI expands relationship with EG Group to more broadly serve the global convenience retailer’s multi-site network

ATLANTA--(BUSINESS WIRE)--#EGGroup--PDI (www.pdisoftware.com), a global provider of enterprise software solutions to the convenience retail, wholesale petroleum and logistics industries, announced it is extending its business relationship with the UK-based gasoline and convenience retailer, EG Group.

EG Group is expanding its use of PDI’s ERP, Fuel Pricing, and Logistics solutions to thousands of sites across Europe, North America and Australia as part of the agreement. Additionally, they are currently exploring using PDI Marketing Cloud Solutions, a proven, industry-specific marketing solution that helps retailers drive topline revenue by combining back office, promotional and loyalty data to attract and retain customers. The announcement follows several acquisitions EG Group made in the U.S. and other markets. Most recently, the retailer acquired the U.S.-based c-store chain Cumberland Farms as part of its ongoing global expansion strategy.

“EG Group has been extending its global reach over the last few years, and we are always keen to improve the retail experience. We needed a software partner that could support both the international expansion and complexity of our current operations,” expressed Mohsin Issa, Founder and co-CEO at EG Group. “PDI’s industry expertise and reputation for customer service, combined with its scalable, end-to-end solutions provide a suitable technology platform for us to consider and build on.”

Expanding solutions portfolio and global reach to support customers

PDI has also been on a rapid growth trajectory, expanding and strengthening its solution portfolio and global footprint over the last two years. The software company has acquired several U.S.- and internationally-based businesses, making significant investments to grow its retail and wholesale ERP, logistics management, fuel pricing, loyalty, insights and, most recently, payments capabilities to better serve its customers.

“Our mission is to help our customers thrive by building great solutions that make it easy for them to run every part of their organization, regardless of size or geographic location,” said Jimmy Frangis, CEO at PDI. “A big part of our strategy is being able to holistically serve the diverse needs of growing, global businesses like EG Group, and we look forward to helping them succeed for years to come.”

PDI will continue integrating and expanding its solutions portfolio to help customers realize their growth goals and easily adapt to market changes.

About PDI
Professional Datasolutions, Inc. (PDI) helps convenience retailers and petroleum wholesalers thrive through digital transformation and enterprise software that enables them to grow topline revenue, optimize operations and unify their business across the entire value chain. Over 1,500 customers in more than 200,000 locations worldwide count on our leading ERP, logistics, fuel pricing and marketing cloud solutions to provide insights that increase volume, margin and customer loyalty. PDI owns and operates the Fuel Rewards® loyalty program that is consistently ranked as a top-performing fuel savings program year after year. For more than 35 years, our comprehensive suite of solutions and unmatched expertise have helped customers of any size reimagine their enterprise and deliver exceptional customer experiences. For more information about PDI, visit www.pdisoftware.com.

About EG Group
Founded in 2001 by the Issa Family, United Kingdom based EG Group is a leading petrol forecourt retail convenience operator who has established partnerships with global brands such as ESSO, BP, Shell, Carrefour, Louise Delhaize, SPAR, Starbucks, Burger King, KFC, Greggs and Subway. The business has an established pedigree of delivering a world class fuel, convenience and food-to-go offer. The EG Group currently employs over 55,000 colleagues working in circa 6,250 sites across ten international markets in Europe, USA and Australia. EG Group has made a significant commitment to delivering a modern consumer retail offer which exceeds expectations and creates a true ‘one-stop’ retail destination to satisfy multiple consumer missions. The business is regularly recognised for innovation and investment in convenience retail assets, the employees and the systems. Zuber Issa and Mohsin Issa, Co-Founders and co-CEOs, EG Group, were jointly named the 2018 EY Entrepreneur of the Year in the UK. Visit www.eurogarages.com for further information.

Cederick Johnson, PDI
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NEW YORK--(BUSINESS WIRE)--Global energy software provider Smarter Grid Solutions (SGS) is driving its ambitious product program forward with the appointment of Euan Davidson to Chief Technology Officer (CTO).

SGS’s software solutions connect clean energy producers and low carbon technologies to the grid, helping grid operators tackle the climate emergency and moving the grid and the market towards net zero carbon emissions.

Based in Glasgow, Euan will take a lead role in advancing its Distributed Energy Resource Management System (DERMS) software products to meet the demand of Distributed Energy Resource (DER) customers. This includes energy asset owners, energy as a service providers, virtual power plant operators and system operators.

The new role will see him develop SGS’s product range and drive new business with energy asset operator, distribution wires utility and microgrid customers. He will also look at broadening the application of SGS’s products to a wider set of value streams in smart, clean and resilient energy systems.

Since joining SGS in 2012 as its first R&D engineer, Euan has contributed to the delivery of the firm’s research, product, system delivery and market strategies. He has led significant projects, including SGS’s first product delivery in Germany.

Brent Marshall, CEO at Smarter Grid Solutions said: “We are currently working towards an ambitious program of product releases to meet the needs of our markets and customers. Euan not only possesses the deep technical expertise to pursue world-class solutions, but has a vision which aligns with our technology and product roadmaps.

“We have already enabled the management of over 425 MW of DER and delivered over €200 million of savings to our customers worldwide. We aim to have a total 3GW of clean energy assets under control in 2021 and Euan’s work will be instrumental in achieving this.”

Euan Davidson, CTO at Smarter Grid Solutions said: “It's an exciting time to be taking the reins on technology development at such an innovative company. Right now the climate emergency is of utmost importance and we are carrying out essential work to decarbonize and balance grid supply and demand.

“We are going through an extraordinary period of growth, reaching new markets including Canada and India. I am excited to lead SGS’s range of DERMS solutions and continue to deliver green energy innovation to our customers on a global scale.”

ENDS

Jasmine Geddes
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• Orders of $5.1 billion for the quarter, up 4% sequentially and down 34% year-over-year
• Revenue of $5.0 billion for the quarter, up 7% sequentially and down 14% year-over-year
• GAAP operating loss of $49 million for the quarter, up 6% sequentially and unfavorable year-over-year.
• Adjusted operating income (a non-GAAP measure) of $234 million for the quarter was favorable sequentially and down 45% year-over-year.
• GAAP loss per share of $(0.25) for the quarter which included $0.29 per share of adjusting items. Adjusted earnings per share (a non-GAAP measure) was $0.04.
• Cash flows generated from operating activities were $219 million for the quarter. Free cash flow (a non-GAAP measure) for the quarter was $52 million.
  
  ^{The Company presents its financial results in accordance with GAAP. However, management believes that using additional non-GAAP measures will enhance the evaluation of the profitability of the Company and its ongoing operations. Please see Tables 1a, 1b and 1c in the section entitled "Charges & Credits" for a reconciliation of GAAP to non-GAAP financial measures.  Certain columns and rows in our tables and financial statements may not sum up due to the use of rounded numbers.} 

LONDON & HOUSTON--(BUSINESS WIRE)--Baker Hughes Company (NYSE: BKR) ("Baker Hughes" or the "Company") announced results today for the third quarter of 2020.

^{"F" is used in most instances when variance is above 100%. Additionally, "U" is used in most instances when variance is below (100)%.}

“Despite continued uncertainty in global oil and gas markets and the ongoing impact of the COVID-19 pandemic, we produced solid results in the third quarter of 2020. I am pleased with the continued execution on cost-out from our Oilfield Services (OFS) and Oilfield Equipment (OFE) teams, the commercial success and performance from Turbomachinery & Process Solutions (TPS) and Digital Solutions (DS), and our continued free cash flow generation during the quarter. I am proud of our employees and their continued commitment to delivering for our customers and shareholders,” said Lorenzo Simonelli, Baker Hughes Chairman and Chief Executive Officer.

“After significant turmoil during the first half of the year, oil markets have somewhat stabilized. However, demand recovery is beginning to level off and significant excess capacity remains, which could create volatility in the future. The outlook for natural gas is slightly more optimistic as forward prices have improved with strong demand in Asia and lower expected future gas production in the U.S.

“Despite the uncertain macro environment, we are executing on the framework we laid out earlier this year. We are on track to hit our goals of right-sizing the business, generating free cash flow, and achieving $700 million in annualized cost savings by year end.

"As we move forward, we are intensely focused on improving the margin and return profile of Baker Hughes despite the near-term macro volatility, while at the same time executing on our long-term strategy to evolve our portfolio along with the energy landscape. Baker Hughes remains committed to leading the energy transition and becoming a key enabler to decarbonizing oil and gas and other industries,” concluded Simonelli.

Quarter Highlights

Supporting our Customers

The TPS segment secured a major LNG order with longtime partner Qatar Petroleum to supply multiple main refrigerant compressors for Qatar Petroleum’s North Field East (NFE) project, executed by Qatargas. The total award is part of four LNG “mega trains,” representing 33 million tons per annum (MTPA) of additional capacity. As part of Baker Hughes’ commitment to support customers in decarbonizing their operations, the latest compression technology for the NFE project is expected to reduce emissions by ~5% versus previous technologies.

TPS also continued to innovate its FPSO technologies to support sustainable operations. The business was awarded a FPSO contract in Latin America for power generation, compression, and related equipment, including six LM2500+G4 gas turbines and two high pressure compressors for gas reinjection. The contract includes major capital spare parts and services.

The OFS segment delivered 83% of its global drilling services jobs remotely, compared to 72% in the second quarter. OFS remote operations have led to consistently better outcomes for customers at a record pace, and remote drilling increased most prominently in Asia Pacific (APAC) and the Middle East, and 100% of drilling jobs were completed using remote operations in Latin America and the Russia Caspian Region.

In the OFE segment, the Flexible Pipe Systems product line continues to gain traction in China, and was awarded a contract for high temperature subsea flexible jumpers and associated equipment as part of an Engineering, Procurement and Construction (EPC) project.

OFE also secured a major services contract for the supply of conductor casings for all the deep well drilling programs and associated logistics for a customer in the Middle East. The contract affirms OFE's status as the preferred supplier for premium connectors and casings.

The DS segment secured a major three-year frame agreement with Petrobras for multiple solutions from our Bently Nevada, Nexus Controls, and Panametrics product lines to enhance the customer’s operations through risk mitigation and performance standardization and improvements. A broad range of condition monitoring sensors will be deployed including wireless, vibration and motor sensors, as well as plant control systems, and flare flow meters. The agreement is the largest Bently Nevada order ever for Latin America and includes the latest generation Orbit 60 system launched in 2019.

DS also secured several contracts to deliver advanced technologies for LNG, power generation, and pipeline infrastructure. Bently Nevada was awarded a five-year agreement with Sonatrach in Algeria, providing a range of vibration monitoring systems for multiple LNG and liquid petroleum gas plants. Panametrics secured a three-year contract with Snam for ultrasonic flow meters, helping to ensure 32,000+ km of pipelines in Italy remain stable and safe.

Executing on Priorities

Following several consecutive quarters securing large downstream chemicals contracts, the OFS Chemicals product line continued to win contracts in the third quarter including a five-year contract to provide process and fuel treatment products and services to HollyFrontier in North America. OFS will provide hydrocarbon treatment products and services at HollyFrontier’s four U.S. refineries.

OFS also continued to focus on its differentiated portfolio with another consecutive quarter securing multi-year contracts for drilling services, completions, and artificial lift. In Guyana, OFS secured a five-year contract for drilling services, drill bits, and drilling and completion fluids. The Artificial Lift product line was awarded a contract for equipment and services in offshore Qatar, displacing a major competitor.

TPS achieved important execution milestones for LNG projects in the third quarter. In September, TPS completed the successful mechanical and performance tests for one of its largest size expander-compressors for Novatek’s Arctic LNG 2 project. TPS also completed the first phase of the Calcasieu Pass LNG project with Venture Global, shipping the first two equipment modules from Baker Hughes’ facility in Italy to the U.S.

DS continued to drive growth across industrial end markets, including aerospace and automotive. Bently Nevada achieved its first order for the Orbit 60 system outside of the oil and gas sector, signing a contract with an iron ore mining customer in Australia. The Waygate Technologies product line launched a unique high energy CT scanner system and secured a large multi-year inspection service order with a space exploration customer. In China, DS won multiple orders for sensor and inspection technologies with electric vehicle and aerospace OEMs.

Leading with Innovation

Baker Hughes continued to drive advancements in leading technologies while supporting its strategy to lead in the energy transition. TPS successfully tested the world’s first “hybrid” hydrogen turbine designed for a gas network with Snam, paving the way to implement adoption of hydrogen blended with natural gas in Snam’s current transportation network infrastructure. The test used a NovaLT™12 gas turbine with a 10% blend of hydrogen with natural gas. Once installed, the turbine can compress and move hydrogen fuel blends through Snam’s network of pipelines while using the same fuel to power itself, significantly contributing to the reduction of CO₂ emissions in Italy.

OFS introduced the Lucida advanced rotary steerable service, which integrates hardware, software, automation, and remote connectivity to help customers drill faster and deliver more precise, higher-quality wells. The service fully complements OFS’ automation and remote operations services. Lucida is designed to maximize directional drilling performance and well productivity by incorporating advanced electronics and near-bit sensors that enable drillers to more precisely guide bottomhole assemblies.

OFE launched the Terminator vessel-deployed subsea wellhead cutting system, using a first-of-its-kind mechanical wellhead removal method to reduce time, fuel consumption and safety risks . Terminator was successfully launched with Wintershall DEA in Norway, cutting a subsea wellhead from an abandoned exploration well in 360 meters of water in only 35 minutes, compared to five or six hours with alternative abrasive cutting methods. Terminator joins the Subsea Connect suite of technologies for OFE and OFS customers, and it is smaller and lighter than previous systems.

DS continued to gain traction with its innovative Flare.IQ technology, securing a five-year contract with a North American customer. A key technology in Baker Hughes’ energy transition portfolio, Flare.IQ helps operators manage their flare assets remotely and can also reduce methane emissions, ensure high-efficiency flare combustion, and reduce steam usage in flare systems using advanced sensors and analytics.

The BakerHughesC3.ai joint venture alliance secured a contract with a customer in the North Sea for BHC3™ Reliability. BHC3 Reliability is a comprehensive software solution that provides reliability engineers, process engineers, and maintenance managers with AI-enabled insights to address process and equipment performance risks. The application delivers value through increased revenue from recovered production, reduced costs of unplanned downtime, extended equipment life, and improved safety in operations.

Consolidated Results by Reporting Segment

Orders for the quarter were $5,106 million, up 4% sequentially and down 34% year-over-year. The sequential increase was a result of higher order intake in Turbomachinery & Process Solutions and Digital Solutions, partially offset by lower orders in Oilfield Services and Oilfield Equipment. Equipment orders were up 17% sequentially and service orders were down 6%.

Year-over-year, the decline in orders was a result of lower order intake across all segments. Year-over-year equipment orders were down 40% and service orders were down 28%.

The Company's total book-to-bill ratio in the quarter was 1; the equipment book-to-bill ratio in the quarter was 1.1.

Remaining Performance Obligations (RPO) in the third quarter ended at $23.0 billion, an increase of $0.1 billion from the second quarter of 2020. Equipment RPO was $8.3 billion, up 4% sequentially. Services RPO was $14.7 billion, down 1% sequentially.

Revenue for the quarter was $5,049 million, an increase of 7%, sequentially. The increase in revenue was driven by Turbomachinery & Process Solutions, Digital Solutions, and Oilfield Equipment, partially offset by Oilfield Services.

Compared to the same quarter last year, revenue was down 14%, driven by lower volume across the Oilfield Services and Digital Solutions segments, partially offset by Turbomachinery & Process Solutions.

^{*Non-GAAP measure.}

^{"F" is used in most instances when variance is above 100%. Additionally, "U" is used in most instances when variance is below (100)%.}

On a GAAP basis, operating loss for the third quarter of 2020 was $49 million. Operating loss decreased $3 million sequentially and increased $346 million year-over-year. Total segment operating income was $349 million for the third quarter of 2020, up 57% sequentially and down 34% year-over-year.

Adjusted operating income (a non-GAAP measure) for the third quarter of 2020 was $234 million, which excludes adjustments totaling $283 million before tax, mainly related to asset impairments, restructuring and separation related charges. A complete list of the adjusting items and associated reconciliation from GAAP has been provided in Table 1a in the section entitled “Charges and Credits.” Adjusted operating income for the third quarter was up 124% sequentially, driven by increased volume and productivity. Adjusted operating income was down 45% year-over-year driven by lower margins in the Oilfield Services, and Digital Solutions segments, partially offset by volume in Turbomachinery & Process Solutions, and margin expansion in Oilfield Equipment.

Depreciation and amortization for the third quarter of 2020 was $315 million.

Corporate costs were $115 million in the third quarter of 2020, down 2% sequentially and up 5% year-over-year.

Other Financial Items

Income tax expense in the third quarter of 2020 was $6 million. Included in income tax is a $42 million benefit related to the CARES Act. This benefit has been excluded from adjusted earnings per share.

Other non-operating loss in the third quarter of 2020 was $149 million. Included in other non-operating loss was a $132 million loss primarily related to the write-down of assets held for sale.

GAAP diluted loss per share was $(0.25). Adjusted diluted earnings per share was $0.04. Excluded from adjusted diluted earnings per share were all items listed in Table 1a in the section entitled "Charges and Credits" as well as the "other adjustments (non-operating)" found in Table 1b.

Cash flow from operating activities was $219 million for the third quarter of 2020. Free cash flow (a non-GAAP measure) for the quarter was $52 million. A reconciliation from GAAP has been provided in Table 1c in the section entitled "Charges and Credits."

Capital expenditures, net of proceeds from disposal of assets, were $167 million for the third quarter of 2020.

Results by Reporting Segment

The following segment discussions and variance explanations are intended to reflect management's view of the relevant comparisons of financial results on a sequential or year-over-year basis, depending on the business dynamics of the reporting segments.

Oilfield Services (OFS) revenue of $2,308 million for the third quarter decreased by $102 million, or 4%, sequentially.

North America revenue was $559 million, down 7% sequentially. International revenue was $1,749 million, a decrease of 3% sequentially, driven by lower revenues in Sub-Saharan Africa, Asia Pacific, and the Middle East, partially offset by Latin America and Europe.

Segment operating income before tax for the quarter was $93 million. Operating income for the third quarter of 2020 was up $47 million sequentially, primarily driven by productivity as a result of cost efficiencies and restructuring.

Oilfield Equipment (OFE) orders were down $597 million, or 58%, year-over-year, driven by lower order intake in most segments. Equipment orders were down 69% and services orders were down 31% year-over-year.

OFE revenue of $726 million for the quarter decreased $2 million year-over-year. The decrease was driven by lower volume in the Subsea Services, Offshore, Surface Pressure Control, and Subsea Drilling Systems businesses, offset by higher volume in the Subsea Production Systems and Flexible Pipe business.

Segment operating income before tax for the quarter was $19 million, an increase of $5 million year-over-year. The increase was driven by higher cost productivity.

Turbomachinery & Process Solutions (TPS) orders were down 32% year-over-year. Equipment orders were down 39% and service orders were down 17%.

TPS revenue of $1,513 million for the quarter increased $316 million, or 26%, year-over-year. The increase was driven by higher equipment volume. Equipment revenue in the quarter represented 46% of total segment revenue, and service revenue represented 54% of total segment revenue.

Segment operating income before tax for the quarter was $191 million, up $30 million, or 18%, year-over-year. The increase was driven by higher volume and cost productivity, offset partially by higher equipment mix.

Digital Solutions (DS) orders were down 20% year-over-year, driven by lower order intake across all businesses.

DS revenue of $503 million for the quarter decreased 17% year-over-year, driven by lower volume across most businesses.

Segment operating income before tax for the quarter was $46 million, down 44% year-over-year. The decrease year-over-year was primarily driven by lower volume.

Charges & Credits

Table 1a reconciles operating income (loss), which is the directly comparable financial result determined in accordance with Generally Accepted Accounting Principles (GAAP), to adjusted operating income (a non-GAAP financial measure). Adjusted operating income excludes the impact of certain identified items.

Table 1b reconciles net income (loss) attributable to Baker Hughes, which is the directly comparable financial result determined in accordance with GAAP, to adjusted net income attributable to Baker Hughes (a non-GAAP financial measure). Adjusted net income attributable to Baker Hughes excludes the impact of certain identified items.

Table 1c reconciles net cash flows from operating activities, which is the directly comparable financial result determined in accordance with GAAP, to free cash flow (a non-GAAP financial measure).

Investor Relations
Jud Bailey
+1 281-809-9088
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Media Relations
Thomas Millas
+1 910-515-7873
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BETHESDA, Md. & WAYNE, Pa.--(BUSINESS WIRE)--Today, Enviva, a leading global energy company specializing in sustainable wood bioenergy, and Finite Carbon, North America’s leading developer of forest carbon offsets, announced they are teaming up to engage small forest landowners across the U.S. Southeast to voluntarily participate in global greenhouse gas emissions reduction programs. The partnership, leveraging Finite Carbon’s CORE Carbon online platform, will help address climate change while generating new annual income for small landowners based on forest stewardship and extended rotations of mature bottomland hardwood forests.

“Enviva’s partnership with Finite Carbon will deliver on the promise of continued forest growth and carbon sequestration across the U.S. Southeast by creating an additional incentive for small forest landowners to protect their forests, especially sensitive, bottomland hardwoods,” said John Keppler, Chairman and Chief Executive Officer of Enviva. “This partnership will move our mission of fighting climate change and displacing coal forward by opening new avenues for forest owners with less than 5,000 acres to generate income from the growing carbon offset market by choosing not to harvest their timberlands right now, enabling them to be a critical participant in addressing the global climate crisis.”

“CORE Carbon is a free, easy to use digital platform designed to incentivize sustainable land management decisions,” said Sean Carney, President of Finite Carbon. “Our partnership with Enviva will make it easier for small forest landowners to enroll in the voluntary carbon offset market, access a new source of revenue, and protect some of the South’s cherished forests.”

While CORE Carbon will be available to over 1.5 million family and non-industrial forest owners in the U.S., this partnership will leverage Enviva's focus on bottomland hardwood forests in the U.S. Southeast.

The partnership will significantly increase the availability of global carbon offset programs to privately held forestland by leveraging Enviva’s well-established landowner network along with Finite Carbon’s CORE Carbon Platform, which utilizes remote sensing technologies to dramatically reduce the costs and barriers to market entry for smaller forest landowners with as little as 40 acres of forestland. The initial phase of CORE Carbon will focus on a deferred harvest methodology, co-authored with American Carbon Registry, focusing on high conservation value forests such as mature bottomland hardwood stands in the U.S. Southeast.

Over the next decade, the program will seek to make sustainable forestry a more feasible proposition by opening the carbon offset market to over 1.5 million small forest landowners and generating $1 billion in carbon offset revenue for participating landowners.

Through the partnership, Enviva and Finite Carbon will create real and measurable progress toward the protection of bottomland forest habitats, which are critically important to biodiversity and wildlife, water quality and flood control, and carbon storage in the region. Bottomland hardwood forests reduce the risk and severity of flooding to downstream communities by providing areas to store floodwater. In addition, these habitats improve water quality by filtering and flushing nutrients, processing organic wastes, and reducing sediment before it reaches open water.

Learn more about CORE Carbon at corecarbon.com or https://youtu.be/wdEpA-BMewo.

About Enviva Holdings, LP

Enviva Holdings, LP is the world’s largest producer of industrial wood pellets, a renewable and sustainable energy source used to generate electricity and heat. Through its subsidiaries, Enviva Holdings, LP owns and operates wood pellet processing plants and deep-water export terminals in the Southeastern United States. We export our pellets primarily to power plants in the United Kingdom, Europe and Japan that previously were fueled by coal, enabling them to reduce their lifetime carbon footprint by about 80 percent. We make our pellets using sustainable practices that protect Southern forests and employ about 1,200 people and support many other businesses in the U.S. South. Enviva Holdings, LP conducts its activities primarily through two entities: Enviva Partners, LP, a publicly traded master limited partnership (NYSE: EVA), and Enviva Development Holdings, LLC, a wholly owned private company. To learn more about Enviva Holdings, LP, please visit our website at www.envivabiomass.com and follow us on social media @Enviva.

About Finite Carbon:

Finite Carbon is North America’s leading developer and supplier of forest carbon offsets. With offices in seven states, it combines unparalleled project development experience with extensive carbon market knowledge. Finite Carbon has generated over one-third of all California compliance offset supply and delivered more than $500 million to landowners. Its project portfolio includes over three million acres of working forestland representing every region and major forest type from the Appalachians to coastal Alaska. Learn more at finitecarbon.com.

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+1 (301) 657-5560

Jazmin Varela: This email address is being protected from spambots. You need JavaScript enabled to view it.
+1( 919) 724-7402

ST. CATHARINES, Ontario--(BUSINESS WIRE)--Algoma Central Corporation (TSX: ALC), a leading provider of marine transportation services, today announced that it will report its financial results for the three and nine months ended September 30, 2020, before market open on Wednesday, November 4, 2020.

About Algoma Central
Algoma owns and operates the largest fleet of dry and liquid bulk carriers operating on the Great Lakes - St. Lawrence Waterway, including self-unloading dry-bulk carriers, gearless dry-bulk carriers and product tankers. Algoma also owns ocean self-unloading dry-bulk vessels operating in international markets and a 50% interest in NovaAlgoma, which owns and operates a diversified portfolio of dry-bulk fleets serving customers internationally.

www.algonet.com or www.sedar.com

Gregg A. Ruhl
President & CEO
905-687-7890

Peter D. Winkley
Chief Financial Officer
905-687-7897

• Technology-driven Danish ride-hailing service places its largest single vehicle order
• Fisker Ocean SUV will join an all-electric vehicle fleet that will operate across Denmark

LOS ANGELES & COPENHAGEN, Denmark--(BUSINESS WIRE)--#EVs--Fisker Inc. (Fisker) – designer and manufacturer of the world’s most emotion-stirring, eco-friendly electric vehicles and advanced mobility solutions – today announced the signing of a vehicle order for 300 units with Viggo, the technology-driven Danish ride-hailing service.

Viggo, founded in 2019, is aiming to challenge the standards for urban transportation through advanced data-driven innovation, zero-emission cars and Scandinavian simplicity. Since founding, Viggo has built a network of more than 55 (100 projected by the end of the year) electric cars and delivered more than 100,000 rides. The company will expand into Norway in 2021 and the 300 Fisker Ocean all-electric luxury SUVs, to be delivered Q4 2022, will be a strong part of their Scandinavian expansion. Viggo’s focus is on business users and has brought many large multinational companies into its customer/user base.

“We created the Fisker Ocean with space, range and value as product priorities, attributes that are also very important to Viggo, their drivers and customers,” said Henrik Fisker, chairman and CEO of Fisker. “As someone born and raised in Denmark, I am also personally proud that this Danish company has chosen to work with Fisker and put their confidence in our company and products. This agreement is the first of many multi-vehicle orders that we are planning to sign with both mobility companies like Viggo and large corporate fleets.”

Fisker recently announced a strategic cooperation with Magna International supporting the co-development and manufacture of the Fisker Ocean SUV, projected to launch in Q4 2022. The Ocean will be assembled by Magna in Europe and is poised to deliver class-leading range, functional interior space with third-row seating and overall vehicle performance.

On behalf of Viggo, CEO Kenneth Herschel and Chairman Peter Bardenfleth-Hansen made the following comment: “We founded Viggo to create a better and more sustainable experience all-around for our customers, and so our choice of vehicle is a critically important part of that service delivery. The seating and flexible space of the Fisker Ocean, together with the projected cost of operation, makes this vehicle a very logical choice for our fleet.”

For more information, or for interview inquiries, contact This email address is being protected from spambots. You need JavaScript enabled to view it..

About Fisker Inc.

California-based Fisker Inc. is revolutionizing the automotive industry by developing the most emotionally desirable and eco-friendly electric vehicles on Earth. Passionately driven by a vision of a clean future for all, the company is on a mission to become the No. 1 e-mobility service provider with the world’s most sustainable vehicles. To learn more, visit www.FiskerInc.com – and enjoy exclusive content across Fisker’s social media channels: Facebook, Instagram, Twitter, YouTube and LinkedIn. Download the revolutionary new Fisker mobile app from the App Store or Google Play store.

About Viggo HQ ApS

Viggo is a Danish technology company driving the green change with climate-friendly mobility in the city. With advanced data-driven innovation, zero-emission cars, and Scandinavian simplicity, Viggo will revolutionize the way we move. The goal is to challenge the standards for urban transportation. Customer feedback is critical input for service development and the experiences are rated directly in the app for service and safety. Read more at www.viggo.com.

Fisker Inc.
Andrew de Lara
310.374.6177
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Atmos Energy, BGE, Southwest Gas and TECO Peoples Gas Rank Highest in Respective Regions

COSTA MESA, Calif.--(BUSINESS WIRE)--Due to the COVID-19 pandemic, it is no surprise that businesses are struggling. One small bright spot exists, however, as satisfaction with gas utilities increases from 2019, according to the J.D. Power 2020 Gas Utility Business Customer Satisfaction Study,^SM released today. While 14% of businesses say they are worse off compared with a year ago, 67% of respondents said they are aware their gas utility offers various forms of support, which has led to a new level of overall satisfaction across the nation.

“It is very encouraging to see natural gas providers continue to improve the customer experience, especially with the challenges this year has brought,” said Carl Lepper, director of the utility practice at J.D. Power. “Commercial consumption of natural gas is lower than last year and, given the current work climate, we don’t yet know if this is a new normal. We will only know once traditional payment policies are reinstated and businesses start functioning at their pre-virus capacities.”

Study Rankings

The industry results for the 2020 study are reported across four U.S. geographic regions: East, Midwest, South and West. The following utilities rank highest in customer satisfaction in their respective region:

• East: BGE (for third consecutive year)
• Midwest: Atmos Energy
• South: TECO Peoples Gas (for second consecutive year)
• West: Southwest Gas

Now in its 16th year, the Gas Utility Business Customer Satisfaction Study measures business customer satisfaction with gas utility companies in four regions: East, Midwest, South and West. Each of the 60 brands included in the study serve more than 25,000 business customers, representing more than 4.4 million business customers in total. Overall satisfaction is measured by examining six factors (listed in order of importance): safety and reliability (25%); billing and payment (17%); corporate citizenship (15%); customer service (15%); price (15%); and communications (13%).

The study is based on responses from more than 9,600 online interviews with business customers who spend at least $150 monthly on natural gas. The study was fielded in two waves: January through April and May through September 2020.

For more information about the Gas Utility Business Customer Satisfaction Study, visit https://www.jdpower.com/business/utilities/gas-utility-business-customer-satisfaction-study

See the online press release at http://www.jdpower.com/pr-id/2020135.

J.D. Power is a global leader in consumer insights, advisory services and data and analytics. A pioneer in the use of big data, artificial intelligence (AI) and algorithmic modeling capabilities to understand consumer behavior, J.D. Power has been delivering incisive industry intelligence on customer interactions with brands and products for more than 50 years. The world's leading businesses across major industries rely on J.D. Power to guide their customer-facing strategies.

J.D. Power is headquartered in Troy, Mich., and has offices in North America, Europe and Asia Pacific. To learn more about the company’s business offerings, visit JDPower.com/business. The J.D. Power auto shopping tool can be found at JDPower.com.

About J.D. Power and Advertising/Promotional Rules: www.jdpower.com/business/about-us/press-release-info

Media Relations Contacts
Geno Effler, J.D. Power; West Coast; 714-621-6224; This email address is being protected from spambots. You need JavaScript enabled to view it.
John Roderick; East Coast; 631-584-2200; This email address is being protected from spambots. You need JavaScript enabled to view it.

DUBLIN--(BUSINESS WIRE)--The "Global Onshore Oil and Gas Pipeline Market 2020-2024" report has been added to ResearchAndMarkets.com's offering.

The onshore oil and gas pipeline market is poised to grow by USD 13.49 billion during 2020-2024 progressing at a CAGR of 5% during the forecast period.

The reports on onshore oil and gas pipeline market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rising global energy demand.

The onshore oil and gas pipeline market analysis includes application segment and geographic landscapes. This study identifies the economic advantages of pipeline transportation as one of the prime reasons driving the onshore oil and gas pipeline market growth during the next few years.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

Companies Mentioned

• ArcelorMittal SA
• Bechtel Corp.
• BP Plc
• Essar Steel India Ltd.
• EUROPIPE GmbH
• General Electric Co.
• Gulf Interstate Engineering Co.
• Saipem Spa
• TechnipFMC Plc
• Tenaris SA.

The onshore oil and gas pipeline market covers the following areas:

• Onshore oil and gas pipeline market sizing
• Onshore oil and gas pipeline market forecast
• Onshore oil and gas pipeline market industry analysis.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influences. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary.

This market research report provides a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.

Key Topics Covered:

1. Executive Summary

• Market Overview

2. Market Landscape

• Market ecosystem
• Market characteristics
• Value chain analysis

3. Market Sizing

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

4. Five Forces Analysis

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

5. Market Segmentation by Application

• Market segments
• Comparison by Application
• Gas pipelines - Market size and forecast 2019-2024
• Oil pipelines - Market size and forecast 2019-2024
• Market opportunity by Application

6. Customer landscape

7. Geographic Landscape

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

8. Vendor Landscape

• Vendor landscape
• Landscape disruption
• Competitive scenario

9. Vendor Analysis

• Vendors covered
• Market positioning of vendors
• ArcelorMittal SA
• Bechtel Corp.
• BP Plc
• Essar Steel India Ltd.
• EUROPIPE GmbH
• General Electric Co.
• Gulf Interstate Engineering Co.
• Saipem Spa
• TechnipFMC Plc
• Tenaris SA

10. Appendix

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

For more information about this report visit https://www.researchandmarkets.com/r/z8392h

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

- GPS Signal Protection Vital to Ensure Safe Commercial and Defense BVLOS operations -

BROOKLYN, N.Y. & CAESAREA, Israel--(BUSINESS WIRE)--#GPS--Easy Aerial, a leading provider of autonomous drone-based monitoring solutions for commercial, government, and defense applications, today announced it has integrated the infiniDome GPSdome solution for GNSS/GPS signal protection into its line of military-grade autonomous unmanned aerial systems.

GPSdome integrates into Easy Aerial’s Smart Aerial Monitoring System (SAMS) GNSS receivers and employs a unique interference filtering system that combines patterns from two omnidirectional antennas. In real-time, GPSdome analyzes the interference signal and feeds its properties into infiniDome’s proprietary algorithm to filter and reject any attacking RF interference allowing the UAS to continue GPS signal reliance during a jamming attack. Upon detection of a jamming signal, GPSdome notifies operators of a possible signal jamming interference.

Easy Aerial selected GPSdome for its lightweight, small form factor, low power consumption, and field-proven ability to detect, alert, and shield jamming signals. As the only dual-use GPS anti-jamming solution on the market, infiniDome’s technology is perfectly suited for Easy Aerial’s global security and defense customers ensuring safe Beyond Visual Line of Sight (BVLOS) and other critical operations in GPS denied environments.

“We chose GPSdome because it’s a proven solution that perfectly suits the diverse missions our customers routinely fly in some of the world’s most inhospitable and hostile environments,” said Ido Gur, co-founder & CEO of Easy Aerial. “While our systems are equipped with multiple onboard redundancies, GPS signals are vital to maintaining position, navigation, and timing accuracy, ensuring uninterrupted operation.”

“GPSdome delivers anti-jamming technology, unmatched in size, weight, power, and cost advantages,” said Omer Sharar, infiniDome’s CEO. “GPSdome is the industry’s only dual-use, both commercial and military, GPS anti-jamming protection. GPSdome not only detects the attack but also shields the received signals from being overpowered by jammers. These assaults can have drastic effects, including losses in property, services, as well as the potential risk to lives.”

About Easy Aerial

Easy Aerial is a leading provider of autonomous drone-based monitoring solutions for commercial, government, and military applications. Developed and manufactured in the United States, Easy Aerial’s free-flight and tethered drone-in-a-box systems are fully autonomous, modular, portable, rugged, and all weather capable. They are deployed worldwide for mission-critical applications such as perimeter and border security, event monitoring, emergency response, and industrial inspection. Easy Aerial is headquartered in Brooklyn, New York, with regional offices in Tel-Aviv, Israel, and Belgrade, Serbia. Visit: www.easyaerial.com.

About infiniDome, Ltd.

infiniDome provides front-end cyber solutions protecting wireless communications from jamming and spoofing attacks. infiniDome’s products protect against attacks of GPS-based systems which are critical for autonomous vehicles, drones, connected fleets, critical infrastructure, and defense/security. infiniDome’s products have been successfully proven in the field and sold to customers globally. Contact or Visit: www.infinidome.com.

Easy Aerial
Robert van Gool
415-505-2686
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Kristi Furrer
infiniDome, Ltd.
303-525-0924
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DUBLIN--(BUSINESS WIRE)--The "Barium Petroleum Sulfonate Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The barium petroleum sulfonate market is expected to develop at a CAGR of less than 3% during the forecast period

The major factor driving the growth of the barium petroleum sulfonate market is the rapid increase in demand from the corrosion inhibitors segment. On the flip-side, unfavorable conditions arising due to the sudden outbreak of COVID-19 is anticipated to foil the growth of the market studied.

• Rust preventatives application is expected to be the largest application market due to its properties like moisture resistance and water displacement coupled with extensive demand from the various sectors of the segment during the period of forecast.
• North America is expected to be the largest market due to the large-scale consumption of the barium petroleum sulfonate and products in the region.

Key Market Trends

Rust Preventatives to be the Largest Segment for Barium Petroleum Sulfonate Market

• Barium Petroleum Sulfonate is extensively used in rust preventive applications as it gives a better defensive coating film, high protection from dampness and saltwater spray test, as a cleanser in fuel additives. This product is soluble in oil and solvents.
• Moreover, it has properties like superb resistance for moisture and water displacement. It can protect black and non-ferrous metals from corrosion. This makes it suitable where a significant level of non-staining rust protection is required.
• Additionally, it has great oil dissolvability after heating and develops a protective covering on the metal surface to secure the metals. Barium petroleum sulfonates ensures stability under different environmental conditions.
• All the aforementioned factors are expected to drive the barium petroleum sulfonate market during the forecast period.

North America Region to Dominate Barium Petroleum Sulfonate Market

• North America region holds a prominent share in the barium petroleum sulfonate market globally and is expected to dominate the market during the forecast timeline.
• Barium Petroleum Sulphonate is broadly utilized in the manufacturing industry in industrial facilities and plants because of its properties, for example, excellent corrosion/rust inhibitor and rust preventatives and are likewise suggested for the production of oils, erosion inhibitors, surface-dynamic operators, metalworking liquids.
• In 2020, revenue of the United States from manufacturing is projected to be USD 8,129.8 billion and it is anticipated to grow at an annual rate of 0.4% during 2020-2024.
• In 2019, the total revenue of iron and steel mills and ferroalloy manufacturing industry in the United States is projected to be USD 95.03 billion. It is anticipated to amount to USD 96.91 billion by 2023.
• Thus, rising demand from various industries is expected to drive the market studied in the region during the forecast timeframe.

Competitive Landscape

The market for barium petroleum sulfonate is consolidated. Some of the players in the market include UNICORN PETROLEUM INDUSTRIES PVT. LTD, Goodway Chemicals Private Limited, Eastern Petroleum Pvt. Ltd., Xinji Rongchao Petroleum Chemical Plant, and MORESCO Corporation.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Drivers

4.1.1 Rapid Increase in Corrosion Inhibitors Demand

4.1.2 Rust preventatives Application to Boost the Market

4.2 Restraints

4.2.1 Unfavorable Conditions Arising Due to COVID-19 Outbreak

4.2.2 Other Restraints

4.3 Industry Value Chain Analysis

4.4 Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Application

5.1.1 Corrosion Inhibitors

5.1.2 Coatings & Greases

5.1.3 Rust Preventatives

5.1.4 Others

5.2 Geography

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Market Share/Ranking Analysis

6.3 Strategies Adopted by Leading Players

6.4 Company Profiles

6.4.1 UNICORN PETROLEUM INDUSTRIES PVT. LTD

6.4.2 Eastern Petroleum Pvt. Ltd.

6.4.3 Ganesh Benzoplast Limited

6.4.4 Gars Lubricants

6.4.5 Goodway Chemicals Private Limited

6.4.6 MORESCO Corporation

6.4.7 Royal Castor Products Limited

6.4.8 Xinji Rongchao Petroleum Chemical Plant

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/xt4n4q

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

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

HOUSTON--(BUSINESS WIRE)--Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today announced that it will issue its financial results for the third quarter ended September 30, 2020 on Wednesday, October 28, 2020, after the close of the stock market.

Management will conduct a conference call on Thursday, October 29, 2020 at 10:00 a.m. ET to review these results. To listen to the call live, dial 201-493-6739 and ask for the Orion Group Holdings Conference Call. To listen to the call via the Internet, please visit www.oriongroupholdingsinc.com and click on the Investor Relations Section. Please go to the website 15 minutes early to download and install any necessary audio software. If you are unable to listen live, a replay of the conference call may be accessed for approximately 30 days after the call at Orion Group Holdings’ website.

About Orion Group Holdings

Orion Group Holdings, Inc., a leading specialty construction company serving the infrastructure, industrial and building sectors, provides services both on and off the water in the continental United States, Alaska, Canada and the Caribbean Basin through its marine segment and its concrete segment. The Company’s marine segment provides construction and dredging services relating to marine transportation facility construction, marine pipeline construction, marine environmental structures, dredging of waterways, channels and ports, environmental dredging, design, and specialty services. Its concrete segment provides turnkey concrete construction services including pour and finish, dirt work, layout, forming, rebar, and mesh across the light commercial, structural and other associated business areas. The Company is headquartered in Houston, Texas with regional offices throughout its operating areas.

Orion Group Holdings Inc.
Francis Okoniewski, VP Investor Relations
(346) 616-4138
www.oriongroupholdingsinc.com
-OR-
INVESTOR RELATIONS COUNSEL:
The Equity Group Inc.
Fred Buonocore, CFA (212) 836-9607
Mike Gaudreau (212) 836-9620

BRYN MAWR, Pa.--(BUSINESS WIRE)--The board of directors of Essential Utilities Inc. (NYSE: WTRG) today declared a quarterly cash dividend of $0.2507 per share, payable Dec. 1, 2020 to all shareholders of record on Nov. 13, 2020.

Essential Utilities has paid consecutive quarterly cash dividends for 75 years and has increased the dividend 30 times in the last 29 years.

About Essential

Essential is one of the largest publicly traded water, wastewater and natural gas providers in the U.S., serving approximately 5 million people across 10 states under the Aqua and Peoples brands. Essential is committed to excellence in proactive infrastructure investment, regulatory expertise, operational efficiency and environmental stewardship. The company recognizes the importance water and natural gas play in everyday life and is proud to deliver safe, reliable services that contribute to the quality of life in the communities it serves. For more information, visit http://www.essential.co.

WTRGF

Brian Dingerdissen
Essential Utilities Inc.
Investor Relations
O: 610.645.1191
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Dan Lockwood
Communications and Marketing
O: 610.645.1157
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NORWELL, Mass.--(BUSINESS WIRE)--Clean Harbors, Inc. (NYSE:CLH), the leading provider of environmental and industrial services throughout North America, will host its third-quarter 2020 conference call on Wednesday, November 4, 2020 at 9:00 a.m. ET.

On the call, Chairman, President and Chief Executive Officer Alan S. McKim, Executive Vice President and Chief Financial Officer Michael L. Battles, and Senior Vice President of Investor Relations Jim Buckley will discuss Clean Harbors’ financial results, business outlook and growth strategy.

Those who wish to listen to the conference call webcast should visit the Investor Relations section of the Company’s website at www.cleanharbors.com. The live call also can be accessed by dialing 877.709.8155 or 201.689.8881. Please dial in at least 10 minutes prior to the start of the call. If you are unable to listen to the live call, the webcast will be archived on the Company’s website.

About Clean Harbors

Clean Harbors (NYSE:CLH) is North America’s leading provider of environmental and industrial services. The Company serves a diverse customer base, including a majority of Fortune 500 companies. Its customer base spans a number of industries, including chemical, energy and manufacturing, as well as numerous government agencies. These customers rely on Clean Harbors to deliver a broad range of services such as end-to-end hazardous waste management, emergency spill response, industrial cleaning and maintenance, and recycling services. Through its Safety-Kleen subsidiary, Clean Harbors also is North America’s largest re-refiner and recycler of used oil and a leading provider of parts washers and environmental services to commercial, industrial and automotive customers. Founded in 1980 and based in Massachusetts, Clean Harbors operates in the United States, Canada, Mexico, Puerto Rico and India. For more information, visit www.cleanharbors.com.

Michael L. Battles
EVP and Chief Financial Officer
Clean Harbors, Inc.
781.792.5100
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Jim Buckley
SVP Investor Relations
Clean Harbors, Inc.
781.792.5100
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DUBLIN--(BUSINESS WIRE)--The "Drilling and Completion Fluids Market - Growth, Trends, and Forecast (2020-2025)" report has been added to ResearchAndMarkets.com's offering.

The drilling and completion fluids market is expected to register a CAGR of over 5% during the forecast period of 2020-2025

Factors, such as increase in the number of drilling operations in Europe, North America, and Middle East are expected to drive the demand for the drilling and completion fluids market. Additionally, development of shale and deep-water and ultra-deepwater fields is expected to drive the market for drilling and completion fluids. However, the volatile oil prices over the recent period, owing to the supply-demand gap, geopolitics, and several other factors, are restraining the market's growth.

The onshore segment accounted for the maximum market share in the market in 2018. Onshore drilling encompasses all the drilling sites located on dry land and accounts for 70% of the global oil production.

• With wells being drilled farther away from land and into the sea, primarily drilled deeper than before, there is an increasing demand for drilling and completion fluids. The total rig count increased by 18% from 933 in beginning of 2017 to 1,104 by the end of 2019. During the same period, the offshore rig count increased by 24% from 206 to 257.
• North America is the largest market for drilling and completion fluids, accounting for over 40% of the market share. Moreover, it is expected to be the fastest growing market over the forecast period mainly due to the development of shale plays.

Key Market Trends

Onshore to Dominate the Market

Onshore drilling encompasses all the drilling sites located on dry land and accounts for 70% of the global oil production. Onshore drilling is similar to offshore drilling but without the difficulty of deep water between the platform and the oil.

• The demand for oil and gas has always been increasing, and this resulted in an increase of drilling activities around the world in an effort to discover new fields. This, in turn, resulted in an increase in the demand for drill collars.
• Currently, the wells are being drilled deeper, and they are more complex than before. This is expected to drive the drill collar market's growth.
• In 2019, ONGC announced that it allotted INR 6,000 crore for drilling 200 wells over the next seven years in Assam, to increase the output from the state. The wells are expected to be drilled during the next seven years.
• Hence, new investment in the onshore oil and gas industry, increasing exploration of unconventional resources, and the crude oil price stability are expected to increase the demand for drill collar across the world.

North America to Dominate the Market

• North America is expected to dominate the drilling and completion fluids market, and it is expected to witness significant growth over the forecast period.
• In North America, the offshore oil and gas projects are becoming more competitive, owing to improving efficiencies and tightening of the supply chain, which led to declining costs of offshore drilling. For example, prior to 2014, a deepwater well in the Gulf of Mexico used to cost about USD 200 million to drill. As of 2017, drilling a deepwater well in the same region costs between USD 10-50 million.
• In terms of policy support, 2017 witnessed some positive developments. The tax overhaul plan drastically increased the fiscal competitiveness of the offshore projects in the Gulf of Mexico, relative to other offshore basins. Additionally, the Trump administration announced to uplift the ban on offshore drilling off the coasts of Florida and California. The administration is considering more than 40 sites for the leasing of natural gas and oil production.
• Furthermore, the recent development of shale plays, horizontal drilling, and fracking resulted in a massive increase in the demand for drilling and completion fluids in the country.
• Therefore, factors, such as rising offshore oil and gas investments, along with the development of shale plays in the region, are expected to drive the drilling and completion fluids market's growth over the forecast period.

Competitive Landscape

The drilling and completion fluids market is moderately fragmented, with numerous small and big companies operating in the market. The key players in this market include Schlumberger Limited, Baker Hughes Company, Halliburton Company, CES Energy Solutions Corp., Tetra Technologies and Scomi Energy Services BHD, among others.

Key Topics Covered:

1 INTRODUCTION

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY

4 MARKET OVERVIEW

4.1 Introduction

4.2 Market Size and Demand Forecast in USD billion, till 2025

4.3 Onshore and Offshore Active Rig Count, till July 2020

4.4 Historic and Demand Forecast of Upstream CAPEX in USD billion, by Onshore and Offshore, 2017-2025

4.5 Historic and Demand Forecast of Offshore CAPEX in USD billion, by Water Depth, 2017-2025

4.6 Historic and Demand Forecast of Offshore CAPEX in USD billion, by Region, 2017-2025

4.7 Major Upcoming Upstream Projects

4.8 Recent Trends and Developments

4.9 Market Dynamics

4.9.1 Drivers

4.9.2 Restraints

4.10 Supply Chain Analysis

4.11 Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Application

5.1.1 Onshore

5.1.2 Offshore

5.2 Fluid Type

5.2.1 Water-based

5.2.2 Oil-based

5.2.3 Other Fluid Types

5.3 Well Type

5.3.1 Conventional

5.3.2 HPHT

5.4 Geography

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Strategies Adopted by Leading Players

6.3 Company Profiles

6.3.1 Baker Hughes Company

6.3.2 CES Energy Solutions Corp.

6.3.3 Chevron Phillips Chemical Company LLC

6.3.4 Halliburton Company

6.3.5 Newpark Resources Inc.

6.3.6 Schlumberger Limited

6.3.7 Tetra Technologies Inc.

6.3.8 Weatherford International PLC

6.3.9 National Oilwell Varco Inc.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/zeh10x.

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

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

SANTIAGO & LONDON--(BUSINESS WIRE)--Highview Power, a global leader in long duration energy storage solutions, has entered into a joint venture agreement with Energía Latina S.A.-Enlasa, the largest backup power generation provider in Chile, to co-develop giga-scale cryogenic energy storage projects in Chile and other Latin American markets.

“We are excited to work with Enlasa to bring Highview’s technology to Chile,” said Javier Cavada, CEO and President of Highview Power. “Together, our two companies can harness the growing deployment of renewables in Chile and across Latin America and bring renewable baseload power to the region, all without the geographic constraints associated with other energy storage technologies.”

The joint venture, named Highview Enlasa, will help to open Latin American energy markets to baseload renewable energy potential. Highview Power’s long duration energy storage system, paired with renewable energy sources, are equivalent in performance to thermal and nuclear power. CRYOBatteries are developed using proven components from mature industries, it delivers pumped-hydro capabilities without geographical constraints and can be configured to convert waste heat and cold to power.

“Enlasa is very committed to sustainability and through our partnership with Highview Power we are on the leading edge of providing innovative energy storage solutions to Latin America,” said Rodrigo Sáez, CEO of Enlasa. “Highview Power’s cryogenic technology is the optimal solution to provide the large scale, long duration energy storage that is needed to balance the grid as more solar and wind power come online.”

Chile has one of the best solar irradiations of the world and the deployment of solar power together with the national decarbonization strategy require long duration energy storage to provide the needed energy balance to achieve a sustainable grid. Other Latin America markets have similar initiatives, and a CRYOBattery™ plant in Chile will serve as a great business case for the region.

About Highview Power

Highview Power is a designer and developer of the CRYOBattery™, a proprietary cryogenic energy storage system that delivers reliable and cost-effective long duration energy storage to enable a 100 percent renewable energy future. Its proprietary technology uses liquid air as the storage medium and can deliver anywhere from 20 MW/100 MWh to more than 200 MW/2 GWh of energy and has a lifespan over 30 years. Developed using proven components from mature industries, it delivers pumped-hydro capabilities without geographical constraints and can be configured to convert waste heat and cold to power. For more information, please visit: http://www.highviewpower.com.

About Enlasa

Energía Latina S.A. -Enlasa is an energy generation company with more than 12 years of history. Until now our business model has been mainly oriented to provide backup power to the National Grid making available flexible/fast response units to the system, providing grid security in case of contingencies or unavailability in the transmission facilities. Energía Latina S.A. is an open joint-stock company and the parent company of a corporate conglomerate. Its affiliate Enlasa Generación Chile S.A. owns the historical generation assets.

http://www.enlasa.com

Media Contact Highview Power:
Wendy Prabhu, Mercom Communications
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+1 512 215 4452

- Conference Call to Follow at 4:30 p.m. ET/3:30 p.m. CT –

AMES, Iowa--(BUSINESS WIRE)--$REGI #REG--Renewable Energy Group, Inc. (NASDAQ:REGI) today announced that it will release financial results for the third quarter 2020 after the market close on Thursday, November 5, 2020. An investor conference call will follow at 4:30 p.m. ET/3:30 p.m. CT. The call will be hosted by Cynthia (CJ) Warner, President and Chief Executive Officer, and Chad Stone, Chief Financial Officer.

Investors in the U.S. interested in participating in the live call should dial 1-800-709-0218 and provide conference ID 21971208 to the operator. Those calling from outside the U.S. should dial 1-416-981-9037 and provide conference ID 21971208 to the operator. A telephone replay will be available one hour after the call concludes through November 12, 2020 by dialing from the U.S. 1-844-512-2921, or from international locations 1-412-317-6671 and entering the passcode 21971208.

A simultaneous live webcast will be available on the Investor Relations section of the Company's website at http://investor.regi.com/. The webcast will be archived on the website for six months.

About Renewable Energy Group

Renewable Energy Group, Inc. (NASDAQ: REGI) is leading the energy industry's transition to sustainability by transforming renewable resources into high quality, cleaner fuels. REG is North America’s largest producer of biodiesel and an industry leading producer of renewable diesel. REG solutions are alternatives for petroleum diesel and produce significantly lower carbon emissions. REG utilizes a global integrated procurement, distribution and logistics network to operate 13 biorefineries in the U.S. and Europe. In 2019, REG produced 495 million gallons of cleaner fuel delivering over 4.2 million metric tons of carbon reduction. REG is meeting the growing global demand for lower-carbon fuels and leading the way to a more sustainable future.

Investor Relations:
Renewable Energy Group
Todd Robinson
Treasurer
+1 (515) 239-8048
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TORONTO--(BUSINESS WIRE)--DREAM HARD ASSET ALTERNATIVES TRUST (TSX:DRA.UN) (“Dream Alternatives” or the “Trust”) today announced its October 2020 monthly distribution in the amount of 3.333 cents per Unit (40 cents annualized). The October distribution will be payable on November 13, 2020 to unitholders of record as at October 30, 2020.

Dream Alternatives is a real estate impact investing vehicle that targets projects that create positive and lasting impacts on communities and the environment, while achieving market returns. Dream Alternatives provides investors with access to an exceptional portfolio of real estate development and income properties that would not be otherwise available in a public and fully transparent vehicle, managed by an experienced team with a successful track record in these areas. The objectives of the Trust are to provide investors with a portfolio of high-quality real estate development opportunities and alternative assets that generate both strong financial returns and provide positive social and environmental impacts in our communities; balance growth and stability of the portfolio, increasing cash flow, unitholders' equity and NAV over time; and provide predictable cash distributions to unitholders on a tax-efficient basis. For more information, please visit: www.dreamalternatives.ca

DREAM HARD ASSET ALTERNATIVES TRUST
Meaghan Peloso
Chief Financial Officer
(416) 365-6322
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Kimberly Lefever
Director, Investor Relations
(416) 365-6339
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NEW YORK--(BUSINESS WIRE)--#offshorewind--Today, Equinor submitted bids into New York’s second offshore wind solicitation, building on its strong commitment to deliver renewable energy to the Empire State. In keeping with New York’s commitment to a just energy transition Equinor would provide large investments in economically disadvantaged communities.

Equinor submitted its proposals to the New York State Energy Research and Development Authority (NYSERDA) in response to the state’s most recent solicitation requesting proposals for up to 2,500 megawatts of offshore wind and a multi-port infrastructure investment plan.

“The U.S. offshore wind industry is poised for expansion and we are passionate about creating substantial value in the New York market,” said Siri Espedal Kindem, President Equinor Wind U.S. “These proposals include significant new benefits for New York – from workforce training, economic development, and community benefits – alongside a tremendous amount of homegrown, renewable energy. We look forward to building on our collective success in New York together.”

Equinor has offered bids including two projects, “Empire Wind Phase 2” and “Beacon Wind,” which together have the potential to power more than one million homes and generate more than 3,000 new jobs for New York State. This latest announcement builds on the success of Empire Wind Phase 1, an 816 MW winning bid in 2019 that is currently under development, and further demonstrates the company’s position as a leader in the U.S. offshore wind industry and a major player in advancing New York’s ambitious renewable energy agenda.

Equinor’s projects will help achieve New York’s nation-leading renewable energy goals and enable the region to “build back better,” supporting the state’s economic rebound and strengthening economically disadvantaged communities.

Equinor plans to use the South Brooklyn Marine Terminal for construction activities and its operations and maintenance (O&M) base going forward. The proposals include plans for manufacturing offshore wind components upstate at the Port of Coeymans and the Port of Albany. In addition, Equinor is advancing efforts to address environmental justice and support disadvantaged communities, basing many of the project’s investments in these underserved communities.

Equinor’s investments are an extension of its company-wide commitment to ensuring that its activities create lasting value for local communities through its business activities, including direct and indirect local employment, procurement, and social investments.

New York State has a goal to secure 70 percent of its electricity from renewable energy by 2030, and at least 9,000 megawatts of offshore wind by 2035. The state has indicated it will notify awards for the solicitation during Q4 2020.

In September 2020, BP and Equinor announced that they have formed a strategic partnership for offshore wind in the U.S., and that BP will be a 50% non-operating partner in the Empire Wind and Beacon Wind assets on the U.S. East Coast. The transaction is expected to close in early 2021.

About Equinor

Equinor is developing into a broad energy company, building a material position in renewable energy. Equinor now powers more than one million European homes with renewable offshore wind from four projects in the United Kingdom and Germany. Equinor commissioned the world’s first floating offshore wind farm in 2017 off the coast of Scotland. In the U.S., Equinor holds two lease areas, the Empire Wind lease located approximately 20 miles south of Long Island and the Beacon Wind lease area 60 miles off the coast of Long Island.

Key Facts

Empire Wind:

• Empire Wind Phase 1 & 2 are located in an 80,000-acre lease area that was acquired in 2017.
• Extends 15 to 30 miles southeast of Long Island.
• Covers water depths between 65 and 131 feet.

Beacon Wind:

• Acquired in 2019, Beacon Wind is a 128,000-acre lease area located approximately 20 miles south of Massachusetts and 60 miles east of New York.
• Covers water depths between 120 and 200 feet.

Media:
Eskil Eriksen, Media Relations
+47 958 82 534 (mobile)

LONDON--(BUSINESS WIRE)--#naturalgas--The Natural Gas Utilities market will register an incremental spend of about USD 259 billion, growing at a CAGR of 5.11% during the five-year forecast period. A targeted strategic approach to Natural Gas Utilities sourcing can unlock several opportunities for buyers. This report also offers market impact and new opportunities created due to the COVID-19 pandemic. Request free sample pages

Key benefits to buy this report:

• What are the market dynamics?
• What are the key market trends?
• What are the category growth drivers?
• What are the constraints on category growth?
• Who are the suppliers in this market?
• What are the demand-supply shifts?
• What are the major category requirements?
• What are the procurement best practices in this market?

Information on Latest Trends and Supply Chain Market Information Knowledge centre on COVID-19 impact assessment

SpendEdge's reports now include an in-depth complimentary analysis of the COVID-19 impact on procurement and the latest market data to help your company overcome sourcing challenges. Our Natural Gas Utilities market procurement intelligence report offers actionable procurement intelligence insights, sourcing strategies, and action plans to mitigate risks arising out of the current pandemic situation. The insights offered by our reports will help procurement professionals streamline supply chain operations and gain insights into the best procurement practices to mitigate losses.

Insights into buyer strategies and tactical negotiation levers:

Several strategic and tactical negotiation levers are explained in the report to help buyers achieve the best prices for Natural Gas Utilities market. The report also aids buyers with relevant Natural Gas Utilities pricing levels, pros and cons of prevalent pricing models such as volume-based pricing, spot pricing, and cost-plus pricing and category management strategies and best practices to fulfil their category objectives.

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To access the definite purchasing guide on the Global Natural Gas Utilities that answers all your key questions on price trends and analysis:

• Am I paying/getting the right prices? Is my Natural Gas Utilities TCO (total cost of ownership) favorable?
• How is the price forecast expected to change? What is driving the current and future price changes?
• Which pricing models offer the most rewarding opportunities?

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Some of the top Global Natural Gas Utilities suppliers listed in this report:

This Global Natural Gas Utilities procurement intelligence report has enlisted the top suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies.

• Centrica Plc
• The Hong Kong and China Gas Co. Ltd.
• Daigas Group
• Naturgy Energy Group SA
• Sempra Energy
• UGI Corp.
• PG&E Corp.
• Tokyo Gas Co. Ltd.
• Atmos Energy Corp.
• NiSource Inc.

This procurement report helps buyers identify and shortlist the most suitable suppliers for their Global Natural Gas Utilities requirements by answering the following questions:

• Am I engaging with the right suppliers?
• Which KPIs should I use to evaluate my incumbent suppliers?
• Which supplier selection criteria are relevant for?
• What are the natural gas utilities category essentials in terms of SLAs and RFx?

Get access to regular sourcing and procurement insights to our digital procurement platform- Contact Us.

Table of Content

Executive Summary

Market Insights

Category Pricing Insights

Cost-saving Opportunities

Best Practices

Category Ecosystem

Category Management Strategy

Category Management Enablers

Suppliers Selection

Suppliers under Coverage

US Market Insights

Category scope

Appendix

About SpendEdge:

SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions. To know more https://www.spendedge.com/request-for-demo

SpendEdge
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CHANDLER, Ariz.--(BUSINESS WIRE)--Rogers Corporation (NYSE:ROG) plans to announce third quarter 2020 results on October 29 after market close, which will be followed by a conference call at 5:00 pm ET. The call will be hosted by Bruce Hoechner, President and CEO, who will be joined by Mike Ludwig, SVP and CFO, and Bob Daigle, SVP and CTO.

A live webcast and slide presentation will be available under the investors section of www.rogerscorp.com. To participate, please dial 1-800-574-8929 from the US, or 1-973-935-8524 from outside the US. The passcode for the live teleconference is 9474445.

About Rogers Corporation

Rogers Corporation (NYSE:ROG) is a global leader in engineered materials to power, protect, and connect our world. With more than 180 years of materials science experience, Rogers delivers high-performance solutions that enable the company’s growth drivers-- advanced connectivity and advanced mobility applications, as well as other technologies where reliability is critical. Rogers delivers Power Electronics Solutions for energy-efficient motor drives, e-Mobility and renewable energy; Elastomeric Material Solutions for sealing, vibration management and impact protection in mobile devices, transportation interiors, industrial equipment and performance apparel; and Advanced Connectivity Solutions for wireless infrastructure, automotive safety and radar systems. Headquartered in Arizona (USA), Rogers operates manufacturing facilities in the United States, China, Germany, Belgium, Hungary, and South Korea, with joint ventures and sales offices worldwide.

Investor contact:
Steve Haymore
Phone: 480.917.6026
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