HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) will host a conference call webcast on Thursday, Oct. 29 at 12:00 p.m. Eastern time to discuss third-quarter 2020 financial and operating results. The company’s financial and operating results will be released before the market opens on Oct. 29.
To access the webcast, visit ConocoPhillips’ Investor Relations site, www.conocophillips.com/investor, and click on the "Register" link in the Investor Presentations section. You should register at least 15 minutes prior to the start of the webcast. The event will be archived and available for replay later the same day. The presentation, along with a transcript, will also be available on the Investor Relations site.
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About ConocoPhillips
Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 16 countries, $63 billion of total assets, and approximately 9,700 employees on June 30, 2020. Production excluding Libya averaged 1,130 MBOED for the six months ended June 30, 2020, and proved reserves were 5.3 BBOE as of Dec. 31, 2019. For more information, go to www.conocophillips.com.
CAUTIONARY STATEMENT FOR THE PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This news release contains forward-looking statements as defined under the federal securities laws. Forward-looking statements relate to future events and anticipated results of operations, business strategies, and other aspects of our operations or operating results. Words and phrases such as "anticipate," "estimate," "believe," “budget,” "continue," "could," "intend," "may," "plan," "potential," "predict," “seek,” "should," "will," “would,” "expect," "objective," "projection," "forecast," "goal," "guidance," "outlook," "effort," "target" and other similar words can be used to identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Where, in any forward-looking statement, the company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future performance and involve certain risks, uncertainties and other factors beyond our control. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in the forward-looking statements. Factors that could cause actual results or events to differ materially from what is presented include the impact of public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics and any related company or government policies and actions to protect the health and safety of individuals or government policies or actions to maintain the functioning of national or global economies and markets; global and regional changes in the demand, supply, prices, differentials or other market conditions affecting oil and gas and the resulting company actions in response to such changes, including changes resulting from the imposition or lifting of crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries and other producing countries; changes in commodity prices; changes in expected levels of oil and gas reserves or production; operating hazards, drilling risks, unsuccessful exploratory activities; unexpected cost increases or technical difficulties in constructing, maintaining, or modifying company facilities; legislative and regulatory initiatives addressing global climate change or other environmental concerns; investment in and development of competing or alternative energy sources; disruptions or interruptions impacting the transportation for our oil and gas production; international monetary conditions and exchange rate fluctuations; changes in international trade relationships, including the imposition of trade restrictions or tariffs on any materials or products (such as aluminum and steel) used in the operation of our business; our ability to collect payments when due under our settlement agreement with PDVSA; our ability to collect payments from the government of Venezuela as ordered by the ICSID; our ability to liquidate the common stock issued to us by Cenovus Energy Inc. at prices we deem acceptable, or at all; our ability to complete our announced dispositions or acquisitions on the timeline currently anticipated, if at all; the possibility that regulatory approvals for our announced dispositions or acquisitions will not be received on a timely basis, if at all, or that such approvals may require modification to the terms of our announced dispositions, acquisitions or our remaining business; business disruptions during or following our announced dispositions or acquisitions, including the diversion of management time and attention; the ability to deploy net proceeds from our announced dispositions in the manner and timeframe we currently anticipate, if at all; potential liability for remedial actions under existing or future environmental regulations; potential liability resulting from pending or future litigation; the impact of competition and consolidation in the oil and gas industry; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets; general domestic and international economic and political conditions; changes in fiscal regime or tax, environmental and other laws applicable to our business; and disruptions resulting from extraordinary weather events, civil unrest, war, terrorism or a cyber attack; and other economic, business, competitive and/or regulatory factors affecting our business generally as set forth in our filings with the Securities and Exchange Commission. Unless legally required, ConocoPhillips expressly disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
John Roper (media)
281-293-1451
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Investor Relations
281-293-5000
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Changes Expected to Generate Approximately $20 Million in Annual Cost Savings
DENVER--(BUSINESS WIRE)--Whiting Petroleum Corporation (NYSE: WLL) (“Whiting” or the “Company”) announced today that it has evaluated and reduced its cost structure to better align Whiting’s business with the current operating environment. The Company is also updating its 2020 guidance to reflect an increased focus on capital discipline.
Organizational Update
Whiting recently implemented a new organizational structure whereby the Company has reduced its total workforce by 16%, of which over 90% were corporate positions. Whiting expects these changes to the organization to generate approximately $20 million in annualized cost savings. In conjunction with the reorganization, Whiting is reducing the compensation of its officers by 15% to 20%, realigning officer bonus programs, reducing the number of corporate executives, and initiating salary reductions across a broad group of employees. The full impact of these G&A reductions is expected to be realized in 2021, while the effect in 2020 is largely expected to be offset by related one-time charges.
Outlook for 2H 2020
As the Company has emerged from restructuring and is responding to the current environment, it is updating its guidance for the second half of 2020. The following table provides guidance for the second half 2020 based on current forecasts.
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Production (MBOE/d) |
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88 - 92 |
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60% |
Capital Expenditures (MM) |
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$ 34 - $ 39 |
Lease operating expense (MM) |
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$ 112 - $ 116 |
"I'm pleased with what we have accomplished in bringing on a new board, new leadership and new vision for the Company post emergence. The changes implemented are building a culture of capital discipline and demonstrating efficiencies and cost savings throughout the organization. We look forward to announcing preliminary 2021 guidance in conjunction with our third quarter 2020 results,” said Lynn A. Peterson, Chief Executive Officer of Whiting.
About Whiting Petroleum Corporation
Whiting Petroleum Corporation, a Delaware corporation, is an independent oil and gas company that develops, produces, acquires and explores for crude oil, natural gas and natural gas liquids primarily in the Rocky Mountain region of the United States. The Company’s largest projects are in the Bakken and Three Forks plays in North Dakota and Niobrara play in northeast Colorado. The Company trades publicly under the symbol WLL on the New York Stock Exchange. For further information, please visit http://www.whiting.com.
Forward-Looking Statements
This news release contains statements that we believe to be “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than historical facts, including, without limitation, statements regarding our future financial position, business strategy, projected revenues, earnings, costs, capital expenditures and debt levels, and plans and objectives of management for future operations, are forward-looking statements. When used in this news release, words such as we “expect,” “intend,” “plan,” “estimate,” “anticipate,” “believe” or “should” or the negative thereof or variations thereon or similar terminology are generally intended to identify forward-looking statements. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, such statements.
These risks and uncertainties include, but are not limited to: the effects of the Chapter 11 petitions (the “Chapter 11 Cases”) on the Company’s liquidity or results of operation or business prospects; the effects of the Chapter 11 Cases on the Company’s business and the interests of various constituents; declines in, or extended periods of low oil, NGL or natural gas prices; the Company’s level of success in exploration, development and production activities; the Company’s ability to generate sufficient cash flows from operations to meet the internally funded portion of its capital expenditures budget; the Company’s ability to obtain external capital to finance exploration and development operations; the Company’s inability to access oil and gas markets due to market conditions or operational impediments, including any court rulings which may result in the inability to transport oil on the Dakota Access Pipeline; the impact of negative shifts in investor sentiment towards the oil and gas industry; impacts resulting from the allocation of resources among the Company’s strategic opportunities; the geographic concentration of the Company’s operations; impacts to financial statements as a result of impairment write-downs and other cash and noncash charges; federal and state initiatives relating to the regulation of hydraulic fracturing and air emissions; revisions to reserve estimates as a result of changes in commodity prices, regulation and other factors; inaccuracies of the Company’s reserve estimates or assumptions underlying them; the timing of the Company’s exploration and development expenditures; risks relating to decreases in the Company’s credit rating; market availability of, and risks associated with, transport of oil and gas; the Company’s ability to successfully complete asset dispositions and the risks related thereto; the Company’s ability to drill producing wells on undeveloped acreage prior to its lease expiration; shortages of or delays in obtaining qualified personnel or equipment, including drilling rigs and completion services; weakened differentials impacting the price we receive for oil and natural gas; risks relating to any unforeseen liabilities of ours; the impacts of hedging on the Company’s results of operations; adverse weather conditions that may negatively impact development or production activities; uninsured or underinsured losses resulting from the Company’s oil and gas operations; lack of control over non-operated properties; failure of the Company’s properties to yield oil or gas in commercially viable quantities; the impact and costs of compliance with laws and regulations governing the Company’s oil and gas operations; the potential impact of changes in laws that could have a negative effect on the oil and gas industry; impacts of local regulations, climate change issues, negative public perception of the Company’s industry and corporate governance standards; the Company’s ability to replace its oil and natural gas reserves; negative impacts from litigation and legal proceedings; risks related to the Company’s level of indebtedness, the Company’s ability to comply with debt covenants, periodic redeterminations of the borrowing base under the Company’s credit agreement and the Company’s ability to generate sufficient cash flows from operations to service its indebtedness; unforeseen underperformance of or liabilities associated with acquired properties or other strategic partnerships or investments; competition in the oil and gas industry; any loss of the Company’s senior management or technical personnel; cybersecurity attacks or failures of the Company’s telecommunication and other information technology infrastructure; and other risks described under the caption “Risk Factors” in Item 1A of the Company’s Annual Report on Form 10-K for the period ended December 31, 2019 and subsequent filings with the SEC. We assume no obligation, and disclaim any duty, to update the forward-looking statements in this news release.
Company Contact: Brandon Day
Title: Investor Relations Manager
Phone: 303 390 4969
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DUBLIN--(BUSINESS WIRE)--The "Chemical Enhanced Oil Recovery Market, Size, Share, Outlook and COVID-19 Strategies, Global Forecasts from 2019 to 2026" report has been added to ResearchAndMarkets.com's offering.
This report presents the emerging market trends, factors driving the Chemical Enhanced Oil Recovery market growth, and potential opportunities over the forecast period. The trends underpinning the profitability of Chemical Enhanced Oil Recovery companies are shifting rapidly, forcing companies to carefully align their strengths in synchronization with Chemical Enhanced Oil Recovery industry trends.
To avoid getting left behind in an intensive competitive Chemical Enhanced Oil Recovery market, global companies need a new approach to ensure they create value in this environment. Amid increasing activities of M&A and growing activist-investor activity, Chemical Enhanced Oil Recovery companies must strengthen their capabilities to maintain their market shares in the Chemical Enhanced Oil Recovery industry.
To assist Chemical Enhanced Oil Recovery manufacturers and vendors to formulate their strategies and analyze their business in the global front, the publisher has published its 2020 series of Chemical Enhanced Oil Recovery market size, share, opportunities, and outlook to 2026. The report explores changing Chemical Enhanced Oil Recovery market landscape, capital markets, strategies, mergers & acquisitions in the global and country-level markets.
The report presents an introduction to the Chemical Enhanced Oil Recovery market in 2020, analyzing the COVID-19 impact both quantitatively and qualitatively. It presents the strategies being adopted by leading Chemical Enhanced Oil Recovery companies, emerging market trends, Chemical Enhanced Oil Recovery market drivers, challenges, and potential opportunities to 2026. The market attractiveness index is also included to assess the impact of suppliers, buyers, competitive landscape, new entrants, and substitutes on the Chemical Enhanced Oil Recovery market.
The global Chemical Enhanced Oil Recovery market size is forecast across different scenarios including the actual forecasts and COVID-19 affected forecasts from 2019 to 2026. Further, Chemical Enhanced Oil Recovery market revenue and market shares in global industry are forecast across different types of Chemical Enhanced Oil Recovery, applications, and end-user segments of Chemical Enhanced Oil Recovery and across 18 countries.
Report Guide
General Scope
Key Topics Covered:
1 Table of Contents
2 Executive Summary
2.1 Market Panorama, 2020
2.2 Chemical Enhanced Oil Recovery Outlook to 2026 - Original Forecasts
2.3 Chemical Enhanced Oil Recovery Outlook to 2026 - COVID-19 Affected Forecasts
3 Strategic Analytics to Boost Productivity and Profitability
3.1 Potential Market Drivers and Opportunities
3.2 New Challenges and Strategies being adopted by Companies
3.3 Short Term and Long Term Chemical Enhanced Oil Recovery market trends
3.4 Impact of New Entrants, Competitive Landscape, Substitutes, Buyer and Supplier Powers
4 Global Chemical Enhanced Oil Recovery Market Outlook across Types to 2026
4.1 Asia Pacific Chemical Enhanced Oil Recovery Market Outlook across Types, 2019 - 2026
4.2 Europe Chemical Enhanced Oil Recovery Market Outlook across Types, 2019 - 2026
4.3 North America Chemical Enhanced Oil Recovery Market Outlook across Types, 2019 - 2026
4.4 South and Central America Chemical Enhanced Oil Recovery Market Outlook across Types, 2019 - 2026
4.5 Middle East Africa Chemical Enhanced Oil Recovery Market Outlook across Types, 2019 - 2026
5 Global Chemical Enhanced Oil Recovery Market Outlook across Applications to 2026
5.1 Asia Pacific Chemical Enhanced Oil Recovery Market Outlook across Applications, 2019 - 2026
5.2 Europe Chemical Enhanced Oil Recovery Market Outlook across Applications, 2019 - 2026
5.3 North America Chemical Enhanced Oil Recovery Market Outlook across Applications, 2019 - 2026
5.4 South and Central America Chemical Enhanced Oil Recovery Market Outlook across Applications, 2019 - 2026
5.5 Middle East Africa Chemical Enhanced Oil Recovery Market Outlook across Applications, 2019 - 2026
6 Country - wise Chemical Enhanced Oil Recovery Market Analysis and Outlook to 2026
7 Global Chemical Enhanced Oil Recovery Market Competitive Analysis
7.1 Top 10 Leading Companies in the global Chemical Enhanced Oil Recovery industry
7.1.1 Business Overview
7.1.2 Chemical Enhanced Oil Recovery Products and Services
7.1.3 SWOT Analysis
7.1.4 Financial Profile
8 Global Chemical Enhanced Oil Recovery Market - Recent Developments
8.1 Chemical Enhanced Oil Recovery Market News and Developments
8.2 Chemical Enhanced Oil Recovery Market Deals Landscape
9 Appendix
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/fz50my.
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Operations Emerge from Chapter 11 Protection As American Consolidated Natural Resources, Inc.
ST. CLAIRSVILLE, Ohio--(BUSINESS WIRE)--Murray Energy Holdings Co. and its subsidiaries (collectively, “Murray”) announced today that its chapter 11 plan (the “Plan”) became effective as of September 16, 2020, and that it has successfully completed a sale of substantially all its assets to a privately held company owned by a group of its former creditors. The United States Bankruptcy Court for the Southern District of Ohio (Western Division) (the “Court”) approved the Plan on August 31, 2020.
Through the restructuring process, Murray effectuated the sale of substantially all of their assets to American Consolidated Natural Resources, Inc. (“ACNR”), a new entity formed at the direction of an ad hoc group of Murray’s superpriority term loan lenders. The restructuring transactions eliminated more than $8 billion of Murray’s debt and legacy liabilities and allowed ACNR to access new financing, providing ACNR with enhanced financial flexibility. Post-transaction, ACNR will continue conducting Murray’s business in the normal course, owning and operating 9 mines and preserving thousands of jobs throughout six states. In addition, ACNR will manage and operate the Foresight Energy mines and the Murray Metallurgical mines through two separate management services agreements. ACNR has entered into a new collective bargaining agreement with the United Mine Workers of America, which agreement was approved during Murray’s chapter 11 cases.
Robert D. Moore, President and Chief Executive Officer of ACNR, commented, “Throughout these complex proceedings, we have been challenged with a global pandemic, extremely volatile coal markets, and months of uncertainty. Our employees and business partners met these challenges, and, together, moved the company forward to today’s emergence. Through the efforts and sacrifice of our dedicated employees, the United Mine Workers of America, our secured lenders, and our trade partners and customers, we are a much stronger company today than we were when we sought Chapter 11 protection. As a result of these outstanding efforts, over 4,000 individuals remain working and ACNR will be a viable business partner in the communities in which our operations are located. I want to personally thank all of our employees and business partners for their efforts and their continued confidence in our leadership team.”
Additional information, including court filings and background information on the restructuring process, is available at https://cases.primeclerk.com/MurrayEnergy. You may also obtain copies of any pleadings by visiting the Court’s website at https://ecf.ohsb.uscourts.gov in accordance with the procedures and fees set forth therein.
About American Consolidated Natural Resources, Inc.
ACNR (together with its affiliates and subsidiaries) is the largest privately owned coal company in the United States and is headquartered in St. Clairsville, Ohio. ACNR will produce approximately 35 million tons of high-quality bituminous coal annually, and such operations include 9 active mines across the Northern and Southern Appalachia Basins (located in Ohio, West Virginia, and Alabama), the Illinois Basin (located in western Kentucky), and the Uintah Basin (located in Utah).
If you would like more information about American Consolidated Natural Resources, Inc., please visit acnrinc.com. Any further inquiries should be directed to This email address is being protected from spambots. You need JavaScript enabled to view it..
Michael McKown
(740) 338-3285
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www.acnrinc.com
Bollinger will build a new dry dock that will support the construction and maintenance of the nation’s new class of Ballistic Missile Submarines for General Dynamics Electric Boat
LOCKPORT, La.--(BUSINESS WIRE)--Bollinger Shipyards, LLC (“Bollinger”) announced today that it will construct a state-of-the-art, floating dry dock for General Dynamics Electric Boat to support the construction and maintenance of the United States’ new Columbia Class of Ballistic Missile Submarines.
“Bollinger Shipyards is pleased to expand our current relationship with Electric Boat and to play a critical role in increasing the number of U.S. built dry docks to meet the expanding need to modernize and refurbish our nation’s aging fleet,” said Bollinger President & C.E.O. Ben Bordelon. “We’re honored to have been selected to build this dry dock, which will be a national asset, to meet the complex needs of our Navy’s fleet modernization plans. To build 21st century American vessels, it requires 21st century American tools and equipment manufactured here in the United States. Bollinger is committed to continuing to be a leader in pushing our industry forward and ensuring that the U.S. Industrial Base is fully self-sufficient.”
The detail design engineering will be performed at the Bollinger facility in Lockport, Louisiana. The concept and contract design for the 618ft by 140ft dry dock was performed by the Bristol Harbor Group in Rhode Island. The dry dock is scheduled to be delivered to Electric Boat’s Groton Connecticut shipyard in 2024.
Electric Boat is the prime contractor on the design and build of the Columbia Class submarine, which will replace the aging Ohio-Class of Ballistic-Missile Submarines.
This is Bollinger Shipyards second contract awarded with General Dynamics Electric Boat. In late 2019, Bollinger Shipyards was selected to construct the 395ft x 100ft Ocean Transport Barge for Electric Boat scheduled to be delivered in 2021.
About Bollinger Shipyards LLC
Bollinger Shipyards LLC (www.bollingershipyards.com) is a leading designer and builder of high performance military patrol boats, ocean-going double hull barges, offshore oil field support vessels, tugboats, rigs, lift boats, inland waterways push boats, barges, and other steel and aluminum products from its new construction shipyards as part of the U.S. industrial base. Bollinger has 10 shipyards, all strategically located throughout Louisiana with direct access to the Gulf of Mexico, Mississippi River and the Intracoastal Waterway. Bollinger is the largest vessel repair company in the Gulf of Mexico region.
Eric Bollinger
Vice President of Sales
Tel.: 985-532-2554
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
LONDON--(BUSINESS WIRE)--#GlobalOffshoreDrillingRigsMarket--Technavio has been monitoring the offshore drilling rigs market and it is poised to grow by $ 3.92 bn during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions:
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Archer Ltd., China Oilfield Services Ltd., Helmerich & Payne Inc., KCA Deutag Alpha Ltd., Nabors Industries Ltd., Noble Corp. Plc, Patterson-UTI Energy Inc., Transocean Ltd., Valaris Plc, and Weatherford International Plc are some of the major market participants. The increase in deepwater and ultra-deepwater drilling activities will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Offshore Drilling Rigs Market 2020-2024: Segmentation
Offshore Drilling Rigs Market is segmented as below:
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Offshore Drilling Rigs Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The offshore drilling rigs market report covers the following areas:
This study identifies the high potential of offshore marginal fields as one of the prime reasons driving the offshore drilling rigs market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Offshore Drilling Rigs Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Type
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Additional 2021 Changes to Flagship Program Include July Exam, Expanded Testing Windows
JERSEY CITY, N.J.--(BUSINESS WIRE)--To provide candidates with more options as they face the uncertainty of the COVID-19 crisis, GARP is making several enhancements to the administration of its flagship Financial Risk Manager (FRM®) Exam in 2021. This includes adding more testing windows and transitioning to computer-based testing (CBT) – where candidates take Exams at secure testing sites via computer instead of paper and pencil – for Part I of the Exam starting in May and Part II of the Exam starting in December.
All changes focus on increasing exam scheduling options for FRM candidates while maintaining the high quality that FRMs and the banks, asset managers, regulators, and other prominent institutions that employ them have come to expect from the professional certification.
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The FRM Exam’s breadth, structure, and length are not being changed. GARP will make only necessary and minor updates to the reading material to ensure the subject matter is timely and best prepares candidates for career advancement. All will be subject to the usual rigorous oversight and review.
“While some organizations are changing the foundation of their tests, this transition to CBT will not affect the FRM program’s high standards. GARP commits to unequivocally maintaining the rigor of the FRM Certification program,” said William May, global head of certifications and educational programs at GARP. “The quality of the FRM Certification is second-to-none and remains an excellent career-enhancing offering for those who wish to pursue a career, or get ahead, in risk management.”
GARP will publish its 2021 Study Guide and Learning Objectives before Dec. 1, 2020.
“In this time of great uncertainty, earning the FRM professional designation is an ideal way for candidates to distinguish themselves,” said Richard Apostolik, president and CEO of GARP. “Risk management is ever-expanding, with areas such as technology, geopolitical, and pandemic risks now posing increasing challenges to businesses and their resilience. Taking the FRM remains the quickest path to gaining an in-depth understanding of these non-financial risks and challenges, as well as further developing your understanding of the more traditional financial risks and their consequences.”
The FRM can be earned more quickly than most other professional certifications for candidates with the requisite knowledge and job experience, especially with the new exam windows.
About the Global Association of Risk Professionals
The Global Association of Risk Professionals is a non-partisan, not-for-profit membership organization focused on elevating the practice of risk management. GARP offers role-based risk certification — the Financial Risk Manager (FRM®) and Energy Risk Professional (ERP®) — as well as the Sustainability and Climate Risk (SCR™) Certificate and on-going educational opportunities through Continuing Professional Development. Through the GARP Benchmarking Initiative and GARP Risk Institute, GARP sponsors research in risk management and promotes collaboration among practitioners, academics and regulators. Founded in 1996, governed by a Board of Trustees, GARP is headquartered in Jersey City, NJ, with offices in London, Washington, D.C., Beijing, and Hong Kong. Find more information on garp.org or follow GARP on LinkedIn, Facebook, and Twitter.
Scott Krady, +1 917-647-1810, This email address is being protected from spambots. You need JavaScript enabled to view it.
LONDON--(BUSINESS WIRE)--#GlobalOilandGasSeparatorsMarket--Technavio has been monitoring the oil and gas separators market and it is poised to grow by $ 298.61 mn during 2020-2024, progressing at a CAGR of over 1% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions:
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alfa Laval AB, Frames Energy Systems BV, GEA Group Aktiengesellschaft, Halliburton Co., National Oilwell Varco Inc., Pentair Plc, Schlumberger Ltd., Sulzer Ltd., TechnipFMC Plc, and Wartsila Corp. are some of the major market participants. The rising global energy demand will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Oil and Gas Separators Market 2020-2024: Segmentation
Oil and Gas Separators Market is segmented as below:
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Oil and Gas Separators Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The oil and gas separators market report covers the following areas:
This study identifies the rise in oil and gas production from unconventional sources as one of the prime reasons driving the oil and gas separators market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Oil and Gas Separators Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Type
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SAN ANTONIO--(BUSINESS WIRE)--Valero Energy Corporation (NYSE:VLO) (“Valero”) today announced that it will host a conference call on October 22, 2020, at 10:00 a.m. ET to discuss third quarter earnings results, which will be released earlier that day, and provide an update on company operations.
Persons interested in listening to the presentation live via the internet may log on to Valero’s Investor Relations web site at www.investorvalero.com.
About Valero
Valero Energy Corporation, through its subsidiaries (collectively, “Valero”), is an international manufacturer and marketer of transportation fuels and petrochemical products. Valero is a Fortune 50 company based in San Antonio, Texas, and it operates 15 petroleum refineries with a combined throughput capacity of approximately 3.2 million barrels per day and 14 ethanol plants with a combined production capacity of approximately 1.73 billion gallons per year. The petroleum refineries are located in the United States (U.S.), Canada and the United Kingdom (U.K.), and the ethanol plants are located in the Mid-Continent region of the U.S. Valero also is a joint venture partner in Diamond Green Diesel, which operates a renewable diesel plant in Norco, Louisiana. Diamond Green Diesel is North America’s largest biomass-based diesel plant. Valero sells its products in the wholesale rack or bulk markets in the U.S., Canada, the U.K., Ireland and Latin America. Approximately 7,000 outlets carry Valero’s brand names. Please visit www.valero.com for more information.
Investors:
Homer Bhullar, Vice President – Investor Relations, 210-345-1982
Eric Herbort, Senior Manager – Investor Relations, 210-345-3331
Gautam Srivastava, Manager – Investor Relations, 210-345-3992
Media:
Lillian Riojas, Executive Director – Media Relations and Communications, 210-345-5002
LONDON--(BUSINESS WIRE)--#GlobalWorkoverRigsMarket--Technavio has been monitoring the workover rigs market and it is poised to grow by $ 254.51 million during 2020-2024, progressing at a CAGR of over 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions:
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Basic Energy Services Inc., Bentec GmbH Drilling and Oilfield Systems, China National Petroleum Corp., Drillmec Spa, Nabors Industries Ltd., National Energy Services Reunited Corp., National Oilwell Varco Inc., Precision Drilling Corp., Schlumberger Ltd., and Yantai Jereh Oilfield Services Group Co. Ltd. are some of the major market participants. The growing demand for oil and natural gas will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Workover Rigs Market 2020-2024: Segmentation
Workover Rigs Market is segmented as below:
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44023
Workover Rigs Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The workover rigs market report covers the following areas:
This study identifies the use of laser technology in workover operations as one of the prime reasons driving the workover rigs market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Workover Rigs Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Iberdrola Texas selects American Home Solutions for quality, affordability, and reliability
CAMDEN, N.J.--(BUSINESS WIRE)--American Home Solutions, part of American Water’s Homeowner Services division, announced today it has entered into an agreement with Iberdrola Texas, a global renewable energy provider and producer of wind power. This partnership expands American Water’s Homeowner Services footprint in Texas, offering optional homeowner protection plans for individuals and families spending more time at home, placing additional stress and usage on their systems.
“During a time when we are all using our home systems more frequently, small problems can lead to significant, unplanned repairs and expenses,” said Eric Palm, President, Homeowner Services. “We are proud to be working with Iberdrola Texas to provide affordable protection plans to homeowners, covering AC units and electronic devices. American Home Solutions aims to offer peace of mind that comes with top-of-the-line customer service.”
Through the agreement, affordable home service protection plans will be offered to Iberdrola Texas customers, such as the Cooling Repair and Maintenance Plan, and Surge Protection Plan.
American Water’s Homeowner Services prides itself on quality, exceptional customer service, program coverage, and a proven track record in providing peace of mind and protecting homeowners across the country. To learn more about American Home Solutions, visit getstarted.yourhomesolutions.com/american-home-solutions.
About American Home Solutions
Pivotal Home Solutions, LLC does business as American Home Solutions in select markets. Pivotal Home Solutions, LLC is part of American Water’s Homeowner Services division, protecting homeowners from top to bottom, inside and out, including water and sewer lines, plumbing and electrical systems, HVAC maintenance and installation, and appliance repairs. American Water’s Homeowner Services brands protect nearly 2 million customers contracts across the US, including partnerships with the New York City Department of Environmental Protection and Orlando Utilities Commission, reaching 43 states and Washington, D.C. Pivotal Home Solutions, LLC has an A+ rating from the Better Business Bureau. For more information about American Home Solutions, visit: getstarted.yourhomesolutions.com/american-home-solutions.
About Iberdrola Texas
Iberdrola Texas is part of the Iberdrola Group (IBERDROLA, S.A), one of the world’s largest electric integrated utility providers and a global leader in wind energy. The company produces and supplies energy to more than 100 million customers around the world. Iberdrola Texas is a leader in renewable energy that delivers 100% green electricity sourced exclusively from Texas wind farms. For more information, visit www.iberdrolatexas.com.
Alicia Barbieri
American Water
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(609) 432-3331
Samantha Subar
Iberdrola
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214-529-4749
LONDON--(BUSINESS WIRE)--#BoatandYachtTransportationMarket--Technavio has been monitoring the boat and yacht transportation market and it is poised to grow by USD 511.25 mn during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions:
The market is concentrated, and the degree of concentration will accelerate during the forecast period. A.P. Moller - Maersk AS, Andrews Trucking Ltd., Boat Shipping USA LLC, CEVA Logistics AG, Joule Yacht Transport Inc., KAR Auction Services Inc., One World Shipping Network Inc., Peters & May Ltd., Spliethoff Group, and United Yacht Transport are some of the major market participants. The rising demand for recreational boating will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Boat and Yacht Transportation Market 2020-2024: Segmentation
Boat and Yacht Transportation Market is segmented as below:
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44032
Boat and Yacht Transportation Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The boat and yacht transportation market report covers the following areas:
This study identifies the adoption of blockchain technology in marine transportation as one of the prime reasons driving the boat and yacht transportation market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Boat and Yacht Transportation Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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HALIFAX, Nova Scotia--(BUSINESS WIRE)--On September 16, 2020 the Board of Directors of Emera Inc. (TSX: EMA) approved an increase in the annual common share dividend to $2.55 from $2.45 per common share and reaffirmed its dividend growth rate target of four to five per cent through to 2022.
“Emera’s overall business continues to perform well despite the challenges of the global COVID-19 pandemic,” said Scott Balfour, President and CEO of Emera Inc. “We are pleased to be in a position to increase our dividend at a level consistent with our target growth rate, and to reaffirm our dividend growth rate target of four to five percent through to 2022.”
Forward Looking Information
This news release contains forward-looking information within the meaning of applicable securities laws. By its nature, forward-looking information requires Emera to make assumptions and is subject to inherent risks and uncertainties. These statements reflect Emera management’s current beliefs and are based on information currently available to Emera management. There is a risk that predictions, forecasts, conclusions and projections that constitute forward-looking information will not prove to be accurate, that Emera’s assumptions may not be correct and that actual results may differ materially from such forward-looking information. Additional detailed information about these assumptions, risks and uncertainties is included in Emera’s securities regulatory filings, including under the heading “Business Risks and Risk Management” in Emera’s annual Management’s Discussion and Analysis, and under the heading “Principal Risks and Uncertainties” in the notes to Emera’s annual and interim financial statements, which can be found on SEDAR at www.sedar.com.
About Emera
Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, with approximately $32 billion in assets and 2019 revenues of more than $6.1 billion. The company primarily invests in regulated electricity generation and electricity and gas transmission and distribution with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments throughout North America, and in four Caribbean countries. Emera’s common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, EMA.PR.F and EMA.PR.H. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR and on The Bahamas International Securities Exchange under the symbol EMAB. Additional Information can be accessed at www.emera.com or at www.sedar.com.
Emera Inc.
Investor Relations:
Ken McOnie, 902-428-6945
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or
Scott Hastings, 902-474-4787
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Media:
902-222-2683
WASHINGTON--(BUSINESS WIRE)--Oceana released a new analysis today that finds nearly 300 Chinese vessels pillaging the waters off the Galapagos Marine Reserve primarily for squid, which are essential to the diet of iconic Galapagos species such as fur seals and hammerhead sharks, as well as for many commercial and recreational fish species, including tuna and billfish, that contribute to the local economy.
Using the Global Fishing Watch — an independent nonprofit founded by Oceana in partnership with Google and SkyTruth — mapping tool, Oceana analyzed data from fishing vessels found near the Galapagos Islands from July 13 to Aug. 13, 2020. During this one-month period, Oceana documented the Chinese fleet, which was primarily fishing for squid, logged more than 73,000 total hours of apparent fishing.* In fact, 99% of the visible fishing activity off the Galapagos Islands during this one-month period was by Chinese-flagged vessels.
“For a month, the world watched and wondered what China’s enormous fishing fleet was doing off the Galapagos Islands, but now we know,” said Dr. Marla Valentine, Oceana’s illegal fishing and transparency analyst. “This massive and ongoing fishing effort of China’s fleet threatens the Galapagos Islands, the rare species that only call it home and everyone that depends on it for food and livelihoods. Sadly, this is just the tip of the iceberg when it comes to the impact of China’s huge distant-water fishing fleet on our oceans. The situation playing out in the Galapagos should raise serious questions and concerns about the impact China’s massive fishing fleet is having on the oceans it sails.”
As part of its analysis, Oceana also documented Chinese vessels apparently disabling their public tracking devices, providing conflicting vessel identification information and engaging in potentially suspect transshipment practices, all of which can enable illicit activities.
“The governments of the world must work together to ensure that all seafood is safe, legally caught, responsibly sourced and honestly labeled to protect the oceans and the people who depend upon them,” said Beth Lowell, Oceana’s deputy vice president for U.S. campaigns.
Background:
The Galapagos Islands are a remote area nearly 900 kilometers off the coast of Ecuador and was once a “living laboratory” that inspired Charles Darwin’s theory of evolution. The area is an oasis for ocean wildlife with more than 20% of its marine species found nowhere else on Earth. The Galapagos Marine Reserve, which is also a UNESCO World Heritage Site, covers more than 133,000 square kilometers surrounding the Galapagos Islands.
China is the world’s largest fishing nation by far, with a distant water fleet estimated at up to 17,000 vessels (compared to around 250 to 300 vessels for both the European Union and the United States), and accounts for 40% of the global fishing effort. China is also ranked the worst nation in the world by the IUU Fishing Index when it comes to illegal, unreported and unregulated fishing, and its fleet has been routinely implicated in violations related to overfishing, targeting endangered shark species, illegal intrusion of jurisdiction, false licensing and catch documentation, and forced labor.
The actions of the Chinese fleet operating off the Galapagos Islands run counter to fishing rules implemented by China in recent months to allegedly improve fishing industry sustainability and ocean protection measures.
To learn more about Oceana’s campaign to increase transparency at sea, please click here.
*Any and all references to "fishing" should be understood in the context of Global Fishing Watch's fishing detection algorithm, which is a best effort to determine "apparent fishing effort" based on vessel speed and direction data from the Automatic Identification System (AIS) collected via satellites and terrestrial receivers. As AIS data varies in completeness, accuracy and quality, and the fishing detection algorithm is a statistical estimate of apparent fishing activity, therefore it is possible that some fishing effort is not identified and conversely, that some fishing effort identified is not fishing. For these reasons, GFW qualifies all designations of vessel fishing effort, including synonyms of the term "fishing effort," such as "fishing" or "fishing activity," as "apparent," rather than certain. Any/all GFW information about "apparent fishing effort" should be considered an estimate and must be relied upon solely at your own risk. GFW is taking steps to make sure fishing effort designations are as accurate as possible.
Oceana is the largest international advocacy organization dedicated solely to ocean conservation. Oceana is rebuilding abundant and biodiverse oceans by winning science-based policies in countries that control one-third of the world’s wild fish catch. With more than 225 victories that stop overfishing, habitat destruction, pollution, and the killing of threatened species like turtles and sharks, Oceana’s campaigns are delivering results. A restored ocean means that 1 billion people can enjoy a healthy seafood meal, every day, forever. Together, we can save the oceans and help feed the world. Visit www.usa.oceana.org to learn more.
Dustin Cranor, 202.341.2267
954.348.1314 (cell)
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BROOKLYN HEIGHTS, Ohio--(BUSINESS WIRE)--GrafTech International Ltd. (NYSE:EAF) today published its inaugural Sustainability Report, highlighting progress towards a better understanding of the company’s environmental, social and governance (ESG) impacts and identifying focus areas, such as employing sound corporate governance practices, promoting workforce diversity, and continuing to make tangible progress on environmental initiatives.
“This is our inaugural Sustainability Report, and we are excited to share with you our ESG performance and initiatives. With this report, we aim to provide our stakeholders and the broader community a better understanding of our sharp focus on and plans for continued improvement of our ESG programs,” said David Rintoul, President and Chief Executive Officer.
The digital Report is available on GrafTech’s new Sustainability website at http://www.graftech.com/sustainability.
About GrafTech
GrafTech International Ltd. is a leading manufacturer of high quality graphite electrode products essential to the production of electric arc furnace steel and other ferrous and non-ferrous metals. The Company has a competitive portfolio of low cost graphite electrode manufacturing facilities, including three of the highest capacity facilities in the world. We are the only large scale graphite electrode producer that is substantially vertically integrated into petroleum needle coke, a key raw material for graphite electrode manufacturing. This unique position provides competitive advantages in product quality and cost.
Wendy Watson, 216-676-2699
LONDON--(BUSINESS WIRE)--#GlobalIoTMarketinEnergyGridManagement--Technavio has been monitoring the IoT market in energy grid management industry and it is poised to grow by $ 16.14 bn during 2020-2024, progressing at a CAGR of almost 12% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Accenture Plc, Cisco Systems Inc., Huawei Investment & Holding Co. Ltd., Intel Corp., International Business Machines Corp., Robert Bosch GmbH, Schneider Electric SE, Siemens AG, Texas Instruments Inc., and Verizon Communications Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Penetration of smart technologies has been instrumental in driving the growth of the market. However, centralization of data might hamper market growth.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts
IoT market in energy grid management 2020-2024: Segmentation
IoT market in energy grid management is segmented as below:
IoT market in energy grid management 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The IoT market in energy grid management market report covers the following areas:
This study identifies the increasing installation of smart energy meters as one of the prime reasons driving the IoT market in energy grid management growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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IoT market in energy grid management market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Solution
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
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HOUSTON--(BUSINESS WIRE)--Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) (“Solaris” or the “Company”) announced today it believes US frac and Solaris’ activity, as measured by fully utilized frac crews and proppant silo systems, respectively, will be up 60-70% in the third quarter of 2020 on average from second quarter 2020. This compares to the Company’s previous expectation for a 35-45% increase.
“While we are encouraged by the strength of the rebound in completion activity and our system deployments in the third quarter, we also acknowledge that there is currently limited visibility into fourth quarter and 2021 as the US horizontal rig count has remained flat for some time.” Solaris’ Chairman and Chief Executive Officer Bill Zartler commented. “In the meantime, the Solaris team is focusing on what we can control – ensuring our customers receive exceptional service and improving our offerings while continuing to run a lean and cash generative business.”
Earnings Release and Conference Call Information
The Company also announced today that it will host a conference call to discuss its third quarter 2020 results on Friday, October 30, 2020 at 7:30 a.m. Central Time (8:30 a.m. Eastern Time). Solaris will issue its third quarter earnings release after market close on October 29, 2020.
To join the third quarter 2020 conference call from within the United States, participants may dial (844) 413-3978. To join the conference call from outside of the United States, participants may dial (412) 317-6594. When instructed, please ask the operator to be joined to the Solaris Oilfield Infrastructure, Inc. call. Participants are encouraged to log in to the webcast or dial in to the conference call approximately ten minutes prior to the start time. To listen via live webcast, please visit the Investor Relations section of the Company’s website, www.solarisoilfield.com.
An audio replay of the conference call will be available shortly after the conclusion of the call and will remain available for approximately seven days. It can be accessed by dialing (877) 344-7529 within the United States or (412) 317-0088 outside of the United States. The conference call replay access code is 10147907. The replay will also be available in the Investor Relations section of the Company’s website shortly after the conclusion of the call and will remain available for approximately seven days.
About Solaris Oilfield Infrastructure, Inc.
Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) manufactures and rents mobile equipment that drives supply chain and execution efficiencies in the completion of oil and natural gas wells. Solaris’ patented mobile proppant and chemical systems are deployed in many of the most active oil and natural gas basins in the United States. Additional information is available on our website, www.solarisoilfield.com.
Yvonne Fletcher
Senior Vice President, Finance and Investor Relations
(281) 501-3070
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Solaris Oilfield Infrastructure, Inc.
DUBLIN--(BUSINESS WIRE)--ResearchAndMarkets.com published a new article on the Wind Power industry "Untapped Potential In On-Shore Wind Farms".
With increasing public pressure to focus on clean energy sources, new ventures have tried to capitalise on the widespread power of wind. While investors have often focused on the Godzilla-sized offshore wind turbines, however, they have often overlooked the more affordable and hassle-free potential of smaller, land-based turbines, according to an article in the Wall Street Journal.
The cost of land-based turbines are now competitive with fossil fuels in most places, according to BloombergNEF. Denmark's Vestas Wind Systems now has 96 gigawatts under service contracts, and there could be a demand for another 150 GW of onshore installations in Europe in the coming years. In the USA, meanwhile, the temporary tax credit on turbine production is due to expire soon, producing a rush to start new wind-energy projects this year.
To see the full article and a list of related reports on the market, visit Untapped Potential In On-Shore Wind Farms
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SAN RAMON, Calif.--(BUSINESS WIRE)--The District Court of The Hague today ruled in favor of Chevron Corporation in its dispute with the Republic of Ecuador, upholding a 2018 arbitral award rendered by an international tribunal administered by the Permanent Court of Arbitration.
In its unanimous award, issued pursuant to the U.S.-Ecuador Bilateral Investment Treaty, the international arbitral tribunal found that a $9.5 billion Ecuadorian judgment against Chevron was procured through egregious fraud and corruption by the plaintiffs’ legal team, including bribery of the presiding judge and ghostwriting of the judgment. It held the judgment unenforceable under international law. The tribunal also rejected the underlying environmental allegations against Chevron. In its award, the tribunal found that a Chevron subsidiary completed an environmental remediation program supervised and approved by the Republic of Ecuador and that the Republic released the environmental claims on which the fraudulent Ecuadorian judgment was based. Any responsibility for current environmental conditions in Ecuador lies with the state-owned oil company, which continues to operate in the same area today.
The District Court of The Hague upheld the award in full and rejected the Republic of Ecuador’s attempt to set it aside, noting that “the fraudulent character of the Lago Agrio judgement and the proceedings preceding it is common ground between the parties.” The court found that the international tribunal acted within its remit when issuing the award, and that the award was well reasoned and complied with the applicable law and public policy. The court concluded that the international tribunal’s orders properly sought to “remove the consequences of a fraudulent judgment that was rendered by a corrupt judge.” The court held that “because none of the setting aside grounds brought forward by Ecuador succeed, the claims will be denied.”
The court’s ruling follows decisions from courts in Argentina, Brazil, Canada, Gibraltar and the U.S. rejecting the fraudulent Ecuadorian judgment against Chevron. In July, Argentina’s highest court unanimously rejected the plaintiffs’ bid to enforce the corrupt judgment, bringing to an end the last pending recognition proceeding against Chevron. Even Ecuador finally admitted in a public filing earlier this year that the $9.5 billion judgment issued by its courts against Chevron is “fraudulent.” Chevron’s arbitration against the Republic of Ecuador is now in its final stage, where the company is seeking to recover from the Republic of Ecuador costs it has incurred to expose and defend against the fraud.
Chevron Corporation is one of the world’s leading integrated energy companies. Through its subsidiaries that conduct business worldwide, the company is involved in virtually every facet of the energy industry. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemicals and additives; generates power; and develops and deploys technologies that enhance business value in every aspect of the company’s operations. Chevron is based in San Ramon, Calif. More information about Chevron is available at www.chevron.com.
Sean Comey, +1-925-842-5509
DUBAI, United Arab Emirates--(BUSINESS WIRE)--Dubai Electricity and Water Authority (DEWA) will organise the 22nd Water, Energy, Technology and Environment Exhibition (WETEX) and the 5th Dubai Solar Show virtually from 26-28 October 2020. The two exhibitions will provide a new experience for exhibitors to display their products innovatively, through 3D customisable stands to suit each company’s needs. They also will enable meetings, seminars, and workshops using the latest smart technologies.
“For 21 years, WETEX has established its position as one of the largest and most important global water, environment, and energy exhibitions. From our wise leadership, we have learned the importance of turning challenges into opportunities. Due to the precautionary measures implemented in most countries because of COVID-19, WETEX and the Dubai Solar Show 2020 will happen virtually; using DEWA’s state-of-the-art digital infrastructure. This will provide an exceptional experience for exhibitors to reach a larger number of visitors across the world,” said HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, and Founder and Chairman of WETEX and Dubai Solar Show.
Al Tayer explained that WETEX and the Dubai Solar Show provide an outstanding opportunity for public and private companies to reach thousands of participants, officials, and decision-makers in energy, water, renewable energy, environment, and sustainability. They will be able to make deals, build partnerships, and learn about market needs, especially given the increased adoption of solar photovoltaic technology in the UAE and the region.
Dr Yousef Al Akraf, EVP of Business Support and Human Resources of DEWA, and Head of the Sales, Logistics and Sponsorship Committees at WETEX, said that this year’s exhibition is an important opportunity to learn about the latest smart technologies and innovative solutions in renewable energy, water, and sustainability. It will enable visitors to participate in specialised seminars and workshops to meet global experts on the green economy, smart cities, innovation, and sustainable development. He noted that WETEX and the Dubai Solar Show 2019 attracted 2,350 exhibitors and 38,718 visitors from 89 countries.
For more information about WETEX and the Dubai Solar Show, please visit www.wetex.ae.
*Source: AETOSWire
Dubai Electricity and Water Authority
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