Leading Global Energy Producer Chooses Nutanix Infrastructure as It Focuses on Innovation and Sustainability
SAN JOSE, Calif.--(BUSINESS WIRE)--Nutanix (NASDAQ: NTNX), a leader in hybrid and multicloud computing, announced today that Total, one of the largest energy producers in the world, has implemented Nutanix solutions, including Nutanix’s hyperconverged infrastructure (HCI) software, AHV, Files, Flow, Prism, and Xi Frame to develop a unified IT environment supporting the majority of their global operations. Total selected Nutanix to deliver the reliability and performance its users expect, while ensuring the necessary flexibility for the company to adapt to the fast-changing oil and gas industry. Additionally, the company selected Nutanix to support its goal of dramatically minimizing its datacenter footprint as part of its environmental initiatives to reduce greenhouse emissions.
One of the largest energy producers in the world, Total S.A. is a French multinational company whose businesses cover the entire oil and gas supply chain. Its global operations encompass everything from crude oil and natural gas exploration and production, to power generation, transportation, refining, petroleum product marketing, and international crude oil and product trading.
To power its global, distributed operations, Total needed an IT environment that could support its 7,000 applications across the organization, as well as to help increase the reliability and flexibility of their IT infrastructure. In addition, Total also needed a solution that would help them modernize their siloed datacenter and provide a consistent platform and management for all the company’s sites, regardless of the size of each site.
“Over the past few years, we have standardized the majority of our IT infrastructure on Nutanix and have migrated our operations to several clusters throughout North America,” said Guillaume Brocard, Senior Operations Advisor at Total. “These 11 clusters are 100 percent Nutanix, with no other on-premises infrastructure. Standardizing on Nutanix has enabled us to dramatically reduce our total cost of ownership, while helping us make our operations more efficient.”
Nutanix solutions help enable Total to streamline administration and enhance automations, including maintenance, as well as optimize costs. Nutanix solutions also contribute to providing the reliability and performance required to maintain its business leadership in the challenging energy production space, as any loss of services could have significant repercussions. With Nutanix software powering its IT infrastructure in North America, Total has experienced no loss of services for its affiliates in the past three years.
In addition to streamlining operations and increasing reliability, Nutanix solutions help enable Total to quickly deploy resources to keep up with their growing needs. The ability to quickly scale, as well as roll in and roll out resources as needed, is an important aspect for Total as it navigates a changing landscape with ever-evolving IT needs. The Nutanix software-defined infrastructure solution enables this flexibility while also providing built-in data protection and one-click security upgrades to help maintain the security and integrity of sensitive industry data.
“With over 7,000 applications across their global organization, Total needed an IT infrastructure that could consistently deliver high performance globally,” said Andrew Brinded, Vice President & General Manager EMEA Sales at Nutanix. “With Nutanix, Total has the peace of mind of knowing they have a reliable infrastructure that can easily scale to meet the growing needs of the industry.”
With a wide variety of Nutanix solutions supporting key infrastructure operations, Total now has an extensible foundation that can bring new efficiencies to their operations. Over the next three years, Total plans to continue ramping up its Nutanix environment to enable additional sites and services, optimizing costs using Nutanix solutions together with other technologies.
More information on how Total is implementing Nutanix solutions is available here.
About Nutanix
Nutanix is a global leader in cloud software and a pioneer in hyperconverged infrastructure solutions, making computing invisible anywhere. Organizations around the world use Nutanix software to leverage a single platform to manage any app at any location at any scale for their private, hybrid and multi-cloud environments. Learn more at www.nutanix.com or follow us on Twitter @nutanix.
© 2020 Nutanix, Inc. All rights reserved. Nutanix, the Nutanix logo and all Nutanix product and service names mentioned herein are registered trademarks or trademarks of Nutanix, Inc. in the United States and other countries. All other brand names mentioned herein are for identification purposes only and may be the trademarks of their respective holder(s). This press release may contain links to external websites that are not part of Nutanix.com. Nutanix does not control these sites and disclaims all responsibility for the content or accuracy of any external site. Our decision to link to an external site should not be considered an endorsement of any content on such a site. This release may contain express and implied forward-looking statements, which are not historical facts and are instead based on our current expectations, estimates and beliefs. The accuracy of such statements involves risks and uncertainties and depends upon future events, including those that may be beyond our control, and actual results may differ materially and adversely from those anticipated or implied by such statements. Any forward-looking statements included herein speak only as of the date hereof and, except as required by law, we assume no obligation to update or otherwise revise any of such forward-looking statements to reflect subsequent events or circumstances.
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ABILENE, Texas & FORT WORTH, Texas--(BUSINESS WIRE)--Petrosmith, a leading provider of production equipment and oilfield tubular goods, has acquired the assets of Wellflex Energy Solutions, LLC (“Wellflex” or the “Company”), a leading engineering, procurement and construction management company.
Wellflex, headquartered in Fort Worth, Texas, utilizes the latest in design technology to assist in detailed engineering, fabrication and project management to provide customers with the most efficient, fit for purpose equipment.
Chris Thomas, CEO of Petrosmith, said, “We believe Wellflex’s design and project management solutions are best-in-class and will be in high demand as the energy sector gets back on track. Combining the Wellflex process with Petrosmith’s quality fabrication and services will provide our operators and customers an efficient and effective process to reduce facility expenses as the market returns. We are excited to add the Wellflex team to Petrosmith as we steer the company towards long-term success.”
“Our successful sale to Petrosmith is a testament to our team’s collective effort to be the best in providing high quality, design, engineering, fabrication and construction management for our customers,” said Nick Klaus, President of Wellflex. “We’re excited to join Petrosmith as we begin the next chapter of Wellflex’s growth and success.”
“The addition of Wellflex provides an exciting opportunity to partner with a company aligned with our own values in prioritizing quality of service,” said Michael Duffy, President of Petrosmith. “Wellflex has a strong brand built on a foundation of nearly 15 years of high-quality service.”
About Petrosmith
Founded in 1983 as Smith Pipe of Abilene, Petrosmith is dedicated to efficiently designing and manufacturing high-quality, innovative and reliable products for the oil and gas industry. Smith Pipe of Abilene transitioned to Petrosmith to better reflect the variety of offerings and expanded footprint in the industry. Petrosmith is a service-oriented, technologically advanced company, dedicated to time-honored traits of efficiency and high quality in the design and manufacture of products for today’s and tomorrow’s oil and gas industry. For more information, visit petrosmith.com.
About Wellflex Energy Solutions, LLC
Wellflex Energy Solutions was founded in 2006 in the heart of the Barnett Shale during one of the most innovative periods in energy industry history. Wellflex was created to deliver quality products on time and improve efficiencies of pad site construction, providing solutions from a standard bare vessel to a fully customized ModFlex™ pad site. With over 100 years of production and process equipment experience, Wellflex is an industry leader in modular production equipment solutions. For more information, visit wellflex.com.
Becky Byrd
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LONDON--(BUSINESS WIRE)--#GlobalOffshoreWindTurbineMarket--Technavio has been monitoring the offshore wind turbine market and it is poised to grow by 54,975 MT during 2020-2024, progressing at a CAGR of almost 24% 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.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Eaton Corporation Plc, ENERCON GmbH, General Electric Co., Hitachi Ltd., Nordex SE, Senvion SA, Siemens AG, Suzlon Energy Ltd., Vestas Wind System AS, and Xinjiang Goldwind Science & Technology Co. Ltd. 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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Government support for wind energy projects has been instrumental in driving the growth of the market. However, competition from alternative sources of energy might hamper market growth.
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Wind Turbine Gear Oil Market by Product, Application, and Geography - Forecast and Analysis 2020-2024: The wind turbine gear oil market size has the potential to grow by 18,254.00 MT during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
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Wind Turbine Monitoring Systems Market by Application and Geography - Forecast and Analysis 2020-2024: The wind turbine monitoring systems market size has the potential to grow by USD 4.23 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
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Offshore Wind Turbine Market 2020-2024: Segmentation
Offshore Wind Turbine Market is segmented as below:
Offshore Wind Turbine 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 wind turbine market report covers the following areas:
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Offshore Wind Turbine Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Substructures
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
Jesse Maida
Media & Marketing Executive
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DALLAS--(BUSINESS WIRE)--Spring Valley Acquisition Corp. (the “Company”), a blank check company sponsored by Pearl Energy Investment II, L.P. (“Pearl”) and formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, today announced the pricing of its initial public offering of 20,000,000 units at a price of $10.00 per unit.
While the Company may pursue an initial business combination target in any business or industry, the Company intends to target companies in the sustainability industry, including clean energy and storage, smart grid/efficiency, environmental services and recycling, mobility, water and wastewater management, advanced materials and technology enabled services. The Company’s sponsor is an affiliate of Pearl, an investment firm that focuses on partnering with best-in-class management teams to invest in the North American energy industry, typically targeting opportunities requiring $25 million to $100 million of equity capital.
The units will be listed on The Nasdaq Capital Market (“Nasdaq“) and trade under the ticker symbol “SVSVU” beginning November 24, 2020. Each unit consists of one Class A ordinary share of the Company and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share of the Company at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the Nasdaq under the symbols “SV” and “SVSVW,” respectively. The offering is expected to close on November 27, 2020, subject to customary closing conditions.
Cowen and Wells Fargo Securities acted as joint book running managers and Drexel Hamilton, LLC and Siebert Williams Shank & Co., LLC acted as co-managers for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments, if any.
The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from: Cowen and Company, LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY, 11717, Attn: Prospectus Department, telephone: (833) 297-2926 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it., or Wells Fargo Securities, Attn: Equity Syndicate Department, 500 West 33rd Street, New York, New York 10001, telephone: (800) 326-5897 or email a request to This email address is being protected from spambots. You need JavaScript enabled to view it..
A registration statement relating to the securities became effective on November 23, 2020 in accordance with Section 8(a) of the Securities Act of 1933, as amended. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
This press release contains statements that constitute “forward-looking statements,” including with respect to the closing of the proposed initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the Securities and Exchange Commission (“SEC”). Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Spring Valley Acquisition Corp.
www.sv-ac.com
Robert Kaplan
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DUBLIN--(BUSINESS WIRE)--The "South America Bunker Fuel Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The South America bunker fuel market is expected to grow at a CAGR of more than 14% over the period of 2020-2025
The bunker fuel market in the region is mainly driven by the ever-rising marine transportation of essential commodities, implementation of the stricter environmental regulations driving the demand for cleaner bunker fuels, and the increase in the use of marine vessels for offshore oil and gas developments. However, the outbreak of COVID-19, leading to the global economic and maritime trade slowdown is likely to restrain the growth of the South America bunker fuel market in the coming years.
The Very Low Sulfur Fuel Oil (VLSFO) is expected to witness significant growth during the forecast period, owing to factors like IMO 2020 Regulations that came into effect from January 1st, 2020.
Developing sea trade routes and rising international maritime trade may offer tremendous opportunities for marine fuel suppliers in the region.
Brazil is expected to dominate the bunker fuel market in the region owing to factors like huge crude oil production and a steady rise in exports from the country.
Key Market Trends
Very Low Sulfur Fuel Oil (VLSFO) to Witness Significant Growth
Very Low Sulfur Fuel Oil (VLSFO) is expected to witness significant growth in the forecast period, owing to factors like IMO 2020 Regulations that came into effect on 1st January 2020, and rising environmental concerns over high greenhouse gases emissions from the marine sector.
Brazil to Dominate the Market
Brazil is the largest economy in the region and is expected to be the fastest-growing economy in the forecast period. The country is one of the fastest-growing countries in the world because of the increasing population, urbanization, and industrialization.
Competitive Landscape
The South America bunker fuel market is moderately fragmented. Some of the key players in this market include Bunker Holding A/S, Monjasa Holding A/S, Vitol Holding BV, World Fuel Services Corp, and Peninsula Petroleum Ltd.
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 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Fuel Type
5.1.1 High Sulfur Fuel Oil (HSFO)
5.1.2 Very Low Sulfur Fuel Oil (VLSFO)
5.1.3 Marine Gas Oil (MGO)
5.1.4 Liquefied Natural Gas (LNG)
5.1.5 Others (Methanol, LPG, Biodiesel)
5.2 Vessel Type
5.2.1 Containers
5.2.2 Tankers
5.2.3 General Cargo
5.2.4 Bulk Container
5.2.5 Others
5.3 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 Fuel Suppliers
6.3.1.1 Vitol Holding BV
6.3.1.2 Monjasa Holding A/S
6.3.1.3 Bunker Holding A/S
6.3.1.4 World Fuel Services Corp
6.3.1.5 Peninsula Petroleum Ltd
6.3.1.6 Total SA
6.3.1.7 Chevron Corporation
6.3.2 Ship Owners
6.3.2.1 AP Moeller Maersk A/S
6.3.2.2 Mediterranean Shipping Company S.A.
6.3.2.3 China COSCO Holdings Company Limited
6.3.2.4 CMA CGM Group
6.3.2.5 Hapag-Lloyd AG
6.3.2.6 Ocean Network Express
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/wl5fg9
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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GLADBECK, Germany--(BUSINESS WIRE)--In conjunction with European Hydrogen Week, global power leader Cummins Inc. (NYSE: CMI) today shared new research revealing that more than half of the United Kingdom (UK) commuters would be willing to travel to work on a train or bus powered by hydrogen to lower their carbon footprint and reduce emissions and nearly half of commuters in Belgium and Germany expressed the same view. This new data was obtained through a survey of 6,000 respondents in Belgium, Germany and the United Kingdom in October 2020.
“It is encouraging to see the citizens and governments across Europe are prioritizing the climate and understand that investment in hydrogen technologies is a path to improve the environment and fuel economic recovery from the impact of COVID-19,” said Amy Adams, Vice President of Fuel Cell & Hydrogen Technologies at Cummins. “With both the EU and the UK pledging to be carbon-neutral by 2050, there is, in short, real appetite from policymakers and citizens to make a collective difference. Hydrogen is a key part of Cummins’ portfolio of solutions to help our customers succeed and as a path toward zero emissions.”
The survey results demonstrate positive attitudes towards clean technology alternatives for public transport, with about 40% consumers in Belgium, Germany and the UK willing to pay £1 or €1 more for their daily commute in order to lower their carbon footprint.
48% of British citizens expressed that low-carbon technologies are important for the UK’s economic recovery from COVID-19. In addition, more than 40% of citizens in Belgium and Germany agreed that low-carbon technologies are important for their country’s economic recovery plans.
When asked about buying or renting a car powered by hydrogen, over a quarter of respondents in Belgium and the UK reported concerns with the upfront cost. Less than 20 percent of consumers in Germany, the UK and Belgium were also deterred by the limited amount of hydrogen refuellers available. Furthermore, one in five UK citizens believe that it will take 20-30 years for there to be more cars powered by hydrogen fuel on the road than gas-powered cars, and nearly a quarter believe this will never happen. A third of consumers in Germany and more than a quarter in Belgium agreed.
Fortunately, European consumers are willing to switch to more sustainable public transport – and this technology is available now. Alstom’s iLint, for example, has proven that hydrogen trains are an effective solution for more sustainable rail networks in Europe. With the right commercial technologies in place, consumers can lower their carbon footprints without facing additional costs.
-ENDS-
Methodology
This research was conducted through Google Surveys in October 2020. Commissioned by Cummins, 6,000 consumers were surveyed across Belgium, Germany and the UK.
About Cummins Inc.
Cummins Inc. is a global technology company designing, manufacturing, distributing and servicing a broad portfolio of reliable, clean power solutions; including diesel, natural gas, hybrid, electric and other alternative solutions. Established in 1919 and headquartered in Columbus, Indiana (U.S.), Cummins serves customers in more than 190 countries and territories around the world. More information can be found at www.cummins.com/alwayson.
Jon Mills
Cummins Inc.
Phone: 317-658-4540
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
LONDON--(BUSINESS WIRE)--#GlobalResidentialSolarEnergyStorageMarket--The residential solar energy storage market is expected to grow by USD 26.59 billion, progressing at a CAGR of about 37% during the forecast period. Technavio estimates the market to have a negative impact due to the spread of the COVID-19 pandemic. The imposition of lockdown to contain the spread of the novel coronavirus resulted in a partial or complete shutdown of manufacturing activities in the short term. This led to a decline in the demand for solar energy storage equipment. However, the market is expected to recover and post healthy growth as many companies are resuming their operations and things getting back to normal.
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The rising energy costs is one of the major factors propelling the market growth. The rising cost of energy is encouraging many residential end-users to opt for renewable power sources such as solar. This has increased the demand for solar energy storage systems for residential applications, which is driving the growth of the market. However, technical challenges associated with battery technology might hamper market growth.
More details: https://www.technavio.com/report/residential-solar-energy-storage-market-size-industry-analysis
Residential Solar Energy Storage Market: Technology Landscape
Based on the technology, the market saw maximum growth in the lithium-ion batteries segment in 2019. This is due to the various benefits of lithium-ion batteries compared to other battery types. The market growth in the segment will be significant during the forecast period.
Residential Solar Energy Storage Market: Geographic Landscape
By geography, APAC is going to have a lucrative growth during the forecast period. About 51% of the market’s overall growth is expected to originate from APAC. The growth of the market in APAC is driven by the increasing investment in green construction projects and zero energy buildings.
China, Japan, and India are the key markets for residential solar energy storage market in APAC. The growth of the residential solar energy storage market size in this region will be faster than the growth of the market in other regions.
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Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Technology
Customer landscape
Geographic Landscape
Drivers, Challenges, and Trends
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.
Technavio Research
Jesse Maida
Media & Marketing Executive
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Website: www.technavio.com/
LONDON--(BUSINESS WIRE)--#apac--SpendEdge forecast the global Deep Sea Freight market is expected to grow by USD 62 billion as we reach 2024. This is due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of 2.80%.
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Read the 120-page research report with TOC and LOE on "Global Deep Sea Freight market– Procurement Intelligence Report, Pricing Outlook in Geographies that include APAC, North America, South America, and MEA, and insights into best practices to optimize procurement spend."
Our Deep-Sea Freight 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.
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Deep Sea Freight 2020-2024: Scope
SpendEdge presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The Deep Sea Freight market report covers the following areas:
Deep Sea Freight Market Geographic Landscape Outlook
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Deep Sea Freight Market 2020-2024: Key Highlights
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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
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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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LONDON--(BUSINESS WIRE)--#GlobalWindTowerMarket--The wind tower market is expected to grow by USD 6.75 billion, progressing at a CAGR of over 4% during the forecast period. The spread of the COVID-19 pandemic has left a negative impact on the growth of the market. Governments across the world imposed lockdowns to contain the spread of the novel coronavirus. This resulted in a partial or complete shutdown of manufacturing activities in the short term, which significantly affected the market demand. However, the market is expected to recover and post healthy growth as many companies are resuming their operations and things are getting back to normal. In addition, many governments worldwide are making significant investments in the installation of wind power systems, which is creating a significant rise in demand for wind towers globally.
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The increasing demand for heightened wind towers is one of the major factors propelling the market growth. The wind blows more steadily in higher altitudes. Also, high-altitude wind towers produce more power from a single wind turbine, thereby reducing the total number of turbines needed in a wind farm. Hence, significant investments are being made in the development and installation of heightened wind towers. Besides, increasing government support for wind energy projects is expected to foster market growth during the forecast period.
More details: https://www.technavio.com/report/wind-tower-market-industry-analysis
Wind Tower Market: Product Landscape
Based on the product, the market saw maximum growth in the tubular steel towers segment in 2019. Tubular steel towers are considered the most economical solution and a proven concept of having a short installation time. This is one of the key factors driving the segment growth.
Wind Tower Market: Geographic Landscape
By geography, APAC is going to have a lucrative growth during the forecast period. About 56% of the market’s overall growth is expected to originate from APAC. The growth of the market in APAC is driven by the increasing investments in airborne wind turbines.
China and India are the key markets for the wind tower market in APAC. This report provides an accurate prediction of the contribution of all segments to the growth of the wind tower market size.
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Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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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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LONDON--(BUSINESS WIRE)--#GlobalTankContainerShippingMarket--The global tank container shipping market is expected to register an incremental growth of 42.24 thousand TEU, progressing at a CAGR of over 1% during 2020-2024. According to the report by Technavio, the outbreak of the COVID-19 pandemic has negatively impacted the growth of the market in the short term. The market witnessed the closure of several industries owing to the imposition of lockdowns worldwide. This has severely affected the business of companies that use tank container shipping in a wide range of applications. However, the market is expected to gain traction with businesses resuming their operations and the adoption of progressive initiatives to control the spread of COVID-19.
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"One of the primary growth drivers for this market is the growing seaborne trade,” says a senior analyst for the Industrials industry at Technavio. The growth of the global population has increased the demand for various manufactured goods. This has created the need for efficient and cost-effective transportation modes such as seaborne transportation to ensure timely delivery of manufactured goods. This has increased the demand for tank containers, which, in turn, is driving the growth of the global tank container shipping market.
Tank Container Shipping Market Segment Highlights for 2020
Regional Analysis
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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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LONDON--(BUSINESS WIRE)--#GlobalWindTurbineGearboxMarket--The wind turbine gearbox market is expected to grow by USD 3.81 billion, progressing at a CAGR of almost 6% during the forecast period. The market is expected to have a negative impact due to the spread of the COVID-19 pandemic. The spread of the pandemic compelled governments across the world to impose lockdowns. This resulted in a partial or complete shutdown of manufacturing activities in the short term, which significantly affected the market demand. However, the market is expected to recover and post healthy growth as many companies are resuming their operations and things are getting back to normal. In addition, many developing countries, especially China and India, are rapidly expanding their capacity for renewable energy sources, including wind energy, to achieve their emission targets and reduce environmental pollution. This is creating significant opportunities for vendors.
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The increase in offshore wind energy installations is one of the major factors propelling the market growth. Offshore wind installations have witnessed a significant increase in recent years. Offshore wind farms do not require a dedicated area of land for installation and are located on the ocean surface, where the wind energy potential is high. The rising adoption of offshore wind energy turbines has increased the demand for high-performance gearboxes with lower maintenance and repair costs. This is expected to drive the growth of the market during the forecast period.
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Wind Turbine Gearbox Market: Type Landscape
Based on the type, the market witnessed maximum growth in the new wind turbine gearbox segment. This is due to the installation of new wind turbine power projects worldwide. However, the growing need for wind turbine gearbox replacements will present maximum opportunities in the replacement segment during the forecast period.
Wind Turbine Gearbox Market: Geographic Landscape
By geography, APAC is going to have a lucrative growth during the forecast period. About 64% of the market’s overall growth is expected to originate from APAC. The growth of the market in APAC will be driven by the increasing investments in new wind power capacity additions during the forecast period.
China, Japan, and India are the key markets for wind turbine gearboxes in APAC. Market growth in this region will be faster than the growth of the market in other regions.
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Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Type
Customer landscape
Geographic Landscape
Drivers, Challenges, and Trends
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.
Technavio Research
Jesse Maida
Media & Marketing Executive
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Website: www.technavio.com/
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--$AP #ACECool--DPW Holdings, Inc. (NYSE American: DPW) a diversified holding company (“DPW,” or the “Company”), announced that its power electronics business, Coolisys Technologies Corp.® (“Coolisys®”), has established a program targeting both national and regional fast-food franchisees to install the ACECool™ electric vehicle (“EV”) chargers as a part of a revenue sharing program. The program initially will be funded from the Company’s recent capital raising activities. The program is expected to be launched in California, Nevada and Canada. While the Company is excited about Coolisys’ new franchise program, there is no assurance that the program will be successful.
The Company expects that the program will allow franchise owners and operators to install the ACECool™ EV chargers and share in the net revenue from advertising and network usage. This same program is anticipated to be a model for other strategic industry-focused and geo-focused networks. Coolisys expects to launch its program with a national fast-food network franchisee that forms a part of a network with over 1,000 locations. Coolisys expects to announce other network partners in the first quarter of 2021.
Global EV sales rose a dramatic 65% from 2017 to 2018, for a total of 2.1 million vehicles, with sales figures steady through 2019. The subsequent outbreak of the coronavirus pandemic, however, resulted in a 25% decline in EV purchases during the first quarter of 2020. Despite these setbacks, EV demand is again expected to rise according to a study by Bloomberg New Energy Finance, which sees improved batteries, more readily available charging infrastructure, new markets and price parity with internal combustion engine vehicles as the major growth drivers. The study estimates that EVs will comprise 10% of global passenger vehicle sales by 2025, rising to 28% in 2030 and 58% in 2040. In terms of expanding the current infrastructure to support EV deployment, McKinsey reported that by 2030 more the $30 billion will need to be spent on the rollout of EV chargers and, that by 2030, the US market for services to support the charging of EV fleets could be worth $15 billion.
Amos Kohn, President and CEO of Coolisys, said, “The opportunities for Coolisys in the burgeoning EV marketplace are anticipated to drive our sales growth over the next 60 months and beyond. We look forward to the potential changes coming from increased demand for EVs and the recent trends related to government support of the electrification of transport. I believe we are well positioned to leverage these opportunities as a 50+ year old company experienced and capable of creating innovative and highly-efficient power systems and solutions.”
For more information on DPW Holdings and its subsidiaries, the Company recommends that stockholders, investors and any other interested parties read the Company’s public filings and press releases available under the Investor Relations section at www.DPWHoldings.com or available at www.sec.gov.
About Coolisys Technologies Corp.
Coolisys and its portfolio companies and divisions are primarily engaged in the design and manufacture of innovative, feature-rich, and top-quality power products for mission-critical applications in the harshest environments and life-saving, life sustaining applications across diverse markets including defense/aerospace, medical/healthcare, industrial, telecommunications, and automotive. Coolisys’ headquarters are located at 1635 South Main Street, Milpitas, CA 95035; www.Coolisys.com.
About DPW Holdings, Inc.
DPW Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, the Company provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, telecommunications, medical, and textiles. In addition, the Company extends credit to select entrepreneurial businesses through a licensed lending subsidiary. DPW’s headquarters are located at 201 Shipyard Way, Suite E, Newport Beach, CA 92663; www.DPWHoldings.com.
Forward-Looking Statements
This press release contains “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.DPWHoldings.com.
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CHARLESTON, W.Va.--(BUSINESS WIRE)--Third paragraph, last sentence should read: The Company has grown substantially in recent years to having over 100 wells online with nearly 400mmcfd... (instead of The Company has grown substantially in recent years to having over 100 wells online with nearly 400mcfd ...).
The updated release reads:
NEW INVESTMENT SIGNALS CONTINUED GROWTH FOR NORTHEAST NATURAL ENERGY
Northeast Natural Energy (“NNE” or the “Company”) announced today that the Company has entered into an amendment with its senior lending group led by EIG Global Energy Partners (“EIG”) to extend the maturity of its current credit facility to December 2023 and provide significant additional liquidity to the Company to execute on its go-forward business plan. In connection with the amendment, the lead equity investors in the Company, including Metalmark Capital, Wells Fargo and Prudential, have agreed to make an incremental equity contribution to the Company of $65 million to help fund capital expenditures.
Northeast Natural Energy’s President and CEO Mike John acknowledged that “our team is very grateful for the confidence shown by our investors and lenders in expanding and extending their financial support of the Company.”
Greg Myers, Partner at Metalmark Capital, stated, “Mike John and the management team at NNE have done an amazing job at navigating the challenges of the commodity price decline with a relentless focus on costs and well level economics. The Company has grown substantially in recent years to having over 100 wells online with nearly 400mmcfd of gross production and is well capitalized by its lenders and equity investors to continue its growth trajectory from this point forward.”
Northeast Natural Energy LLC, headquartered in Charleston, WV, is a private oil and gas company focused on natural gas drilling, exploration, acquisition and joint-venture opportunities in the Marcellus Shale. The principals of NNE have worked together in various capacities for over 30 years and possess a significant amount of knowledge and operational expertise in the Appalachian Basin, in particular the Marcellus Shale formation.
www.northeastnaturalenergy.com
Metalmark Capital is a leading private equity firm that seeks to build long-term value through active and collaborative partnerships with business owners, founders, and executives. The firm focuses its investment activity in growth industrials, natural resources, agribusiness, and healthcare. Metalmark Capital manages funds with $3.8 billion in aggregate capital commitments.
http://www.metalmarkcapital.com
EIG Global Energy Partners is a leading institutional investor to the global energy sector with $22.9 billion under management as of June 30, 2020. EIG specializes in private investments in energy and energy-related infrastructure on a global basis. During its 38-year history, EIG has committed over $34.2 billion to the energy sector through more than 360 projects or companies in 36 countries on six continents. EIG's clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and Europe. EIG is headquartered in Washington, D.C. with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul.
This press release does not constitute an offering of interests in any fund or partnership managed by Metalmark Capital. If and when an investment opportunity is structured, all investors must obtain and carefully read the related confidential offering memorandum and any amendments or supplements thereto.
Brett Loflin
(304) 414-7063
TOULOUSE, France--(BUSINESS WIRE)--ISAE-SUPAERO:
Extracting energy for ultra-long range flights
Since the pioneering work of Lord Rayleigh in 1883, it has been observed that some birds such as Albatrosses can achieve outstanding flight durations and ranges by using wind gradients over flat surfaces. More recently, two Ph.D. programs conducted at ISAE-SUPAERO have provided new insights into the physical mechanism which consists of extracting energy from wind gradients with the objective of transferring the strategy onto fixed-wing drones. A potential range gain of 40% for a given drone has been identified and this can be achieved by applying the flight strategies inspired from Albatrosses and other natural flyers.
The ambition of the ‘Drone Mermoz’ project is to combine different sources of energy in order to achieve a long-range flight with a 100% electrically powered drone. The challenge will consist of following the historical route taken by Jean Mermoz in 1930 between Dakar (Senegal) and Natal (Brazil). The total distance is about 3000 kilometers which proves impossible with a conventional battery-based electric drone.
The key technology to achieving such a long-range flight is based on fuel cells supplied by H3 Dynamics. Because fuel cells produce electricity from Hydrogen and only reject water into the atmosphere, Drone Mermoz will be a collaborative effort between H3 Dynamics and ISAE-SUPAERO to design, manufacture and fly the first 100% green drone to achieve such long distances. Using the best aircraft design strategies available, ISAE-SUPAERO will endeavour to design an optimized drone with a total mass of less than 25 kg to make an attempt at the record in 2021.
ISAE-SUPAERO’s commitment towards sustainable development
The ‘Drone Mermoz’ initiative is in line with ISAE-SUPAERO’s investment in innovative aeronautical and space technologies in a sustainable development perspective.
ISAE-SUPAERO is well aware of the environmental issues such as climate change and energy transition. It has embarked on a mission to raise awareness and the direction of research at ISAE-SUPAERO puts in place environment-conscious research programs thanks to technological innovations and eco-design of cleaner aircrafts.
Leïla Colaud
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AKRON, Ohio--(BUSINESS WIRE)--$BW #BabcockWilcox--Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) has been invited to present at the 8th Annual Virtual Industrials Conference, which is taking place December 2-4, 2020.
B&W management is scheduled to participate in a fireside chat on December 3, 2020 at 3:50 p.m. Eastern time, and will participate in one-on-one meetings throughout the conference. The presentation will be webcast live and available for replay on the Company’s Investor Relations website at https://investors.babcock.com/events-and-presentations.
About Babcock & Wilcox
Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises is a global leader in energy and environmental technologies and services for the power and industrial markets. Follow us on LinkedIn and learn more at www.babcock.com.
Investor:
Megan Wilson
Vice President, Corporate Development & Investor Relations
Babcock & Wilcox Enterprises
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Media:
Ryan Cornell
Public Relations
Babcock & Wilcox Enterprises
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Negotiated resolution reaffirms the value of Williams’ midstream infrastructure and incentivizes future development of critical acreage
TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) today announced that it has reached a global resolution with Chesapeake as part of Chesapeake’s Chapter 11 bankruptcy restructuring process.
“Williams has strategically invested in large-scale and essential infrastructure necessary to gather and treat the natural gas that Chesapeake and its joint interest owners produce in the Eagle Ford, Haynesville, and Marcellus,” said Alan Armstrong, Williams president and CEO. “Our gathering systems are necessary to realize the full potential of these high value reserves, and we are pleased to have been able to work with Chesapeake toward a mutually beneficial outcome that will put Chesapeake on a clear path to a bright future. Chesapeake is a valuable customer, and this transaction will both strengthen Chesapeake and allow Williams to enhance the value of our significant midstream infrastructure by bringing adequate capitalization to these low-cost gas reserves.”
Key highlights of the global resolution, currently pending bankruptcy court approval, include the following:
About Williams
Williams (NYSE: WMB) is committed to being the leader in providing infrastructure that safely delivers natural gas products to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation and storage of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines system wide – including Transco, the nation’s largest volume and fastest growing pipeline – and handles approximately 30 percent of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use. www.williams.com
Portions of this document may constitute “forward-looking statements” as defined by federal law. Although the company believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the “safe harbor” protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in the company’s annual and quarterly reports filed with the Securities and Exchange Commission.
MEDIA:
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(800) 945-8723
INVESTOR CONTACTS:
Danilo Juvane
(918) 573-5075
Brett Krieg
(918) 573-4614
Put Dimming the Dining Room Lights and Opening the Oven Door Less on your Holiday Menu
SAN FRANCISCO--(BUSINESS WIRE)--As millions of Pacific Gas and Electric Company (PG&E) customers get ready to celebrate Thanksgiving, here are some ways to gobble up energy savings and serve a side dish of safety this turkey day.
“Holiday celebrations may look different this year as a result of the pandemic, and we want to help our customers keep electrical and gas safety in mind as well as ways to reduce energy costs. Whether you are gathering with a smaller, immediate family group or connecting virtually, we hope everyone finds time to safely enjoy this special time of year,” said Laurie Giammona, PG&E Senior Vice President and Chief Customer Officer.
PG&E shares these simple tips for customers enjoying the holidays:
Fire safety is critical on Thanksgiving as it is the peak day for home cooking fires especially when frying foods. Turkey fryers can easily tip over spilling hot oil across a large area. Customers should only use turkey fryers outdoors on a sturdy, level surface away from things that can burn.
PG&E also asks customers to adhere to the Centers for Disease Control and Prevention (CDC) and local guidelines to help protect communities from COVID-19 during the holidays. Wear a mask in public settings, avoid close contact by staying at least 6 feet apart (about 2 arms’ length) from anyone not in the same household, and wash hands often with soap and water.
For more ways to stay safe this holiday season, visit www.pge.com/safety.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 23,000 employees, the company delivers some of the nation’s cleanest energy to nearly 16 million people in Northern and Central California. For more information, visit pge.com and pge.com/news.
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TORONTO--(BUSINESS WIRE)--Sherritt International Corporation (“Sherritt” or the “Company”) (TSX:S) today announced that its President and Chief Executive Officer, David Pathe, has informed the Board of Directors of his desire to step down from his role in 2021. The Company is launching a search for his successor, and Mr. Pathe has agreed to stay on until a replacement is in place to ensure an orderly transition.
Mr. Pathe’s leadership during his eight-year tenure guided Sherritt through an era characterized by difficult and unpredictable nickel prices and the financial threats posed by the Ambatovy project by preserving the Company’s liquidity and working relentlessly to improve its balance sheet. These achievements will allow Sherritt to capitalize on opportunities that lie ahead. Sherritt’s Board of Directors would like to thank Mr. Pathe for his years of service and dedication.
“I would like to thank all of the employees of Sherritt for their hard work and tireless commitment to our Company,” said David Pathe, President and CEO of Sherritt. “Their resilience and determination have enabled Sherritt to address its challenges and respond to an enormous amount of change. I leave Sherritt knowing that the Company has more runway to take a leading market position in the coming electronic vehicle revolution and in hydrometallurgy technology innovation, and the time is right for someone new to take Sherritt forward to the next stage of its history.”
Mr. Pathe was appointed as President and CEO effective January 1, 2012 and also served as Chair of the Board from June 13, 2017 to June 26, 2019. Prior to becoming President and CEO, Mr. Pathe acted as Senior Vice President, Finance and Chief Financial Officer of the Company from March 2011, as Senior Vice President, General Counsel and Corporate Secretary from July 2009, as Vice President, General Counsel and Corporate Secretary from October 2008 and as Assistant General Counsel and Assistant Corporate Secretary from June 2007. Mr. Pathe was also an advocate for diversity and inclusion in the mining industry, having served as Co-Chair of the 30% Club and as a member of the Catalyst Canada Advisory Board. Mr. Pathe was recognized for these efforts by the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) as their 2020 Diversity and Inclusion Award winner.
“David’s tenure as Chief Executive was over a time as difficult to manage as any the Company has faced in its over 90-year history,” said Sir Richard Lapthorne, Chair of the Board of Directors of Sherritt. “He was responsible for finding the funds required to meet Sherritt’s contractual obligations from the legacy Ambatovy Project and, over the past six years, succeeded in finding ways to gradually improve the balance sheet, ultimately through exiting Ambatovy completely, which was achieved this past August. All of this was delivered while steadily improving performance from operations despite no help from the nickel price and increasingly hostile U.S. policy towards Cuba.”
Under Mr. Pathe’s leadership, Sherritt introduced and executed against a set of strategic priorities designed to advance its suite of long-life low-cost assets while prudently managing its finances, with highlights including:
“David accomplished all of the milestones in his strategic plan while maintaining a clear commitment to environmental stewardship, ensuring the health and safety for our employees and fostering a diverse and inclusive culture,” added Sir Richard. “Quite simply, David is leaving Sherritt having given it a new ability to look forward and the Board sincerely wishes him every success with whatever he decides to do in the coming years.”
About Sherritt
Sherritt is a world leader in the mining and refining of nickel and cobalt from lateritic ores with projects and operations in Canada and Cuba. The Corporation is the largest independent energy producer in Cuba, with extensive oil and power operations across the island. Sherritt licenses its proprietary technologies and provides metallurgical services to mining and refining operations worldwide. The Corporation’s common shares are listed on the Toronto Stock Exchange under the symbol “S”.
Joe Racanelli, Director of Investor Relations
Telephone: 416-935-2457
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www.sherritt.com
New VersaView 6300 industrial PCs and thin clients allow users to create a single, secure and dependable visualization system
MILWAUKEE--(BUSINESS WIRE)--Rockwell Automation (NYSE: ROK) announced today the release of new industrial PCs and software to markedly improve the reliability and security of visualization applications. Visualization systems are often among the most expensive plant floor systems to maintain and are a common target for unauthorized users looking to access control system assets and intellectual property.
The new industrial Allen-Bradley VersaView 6300 PCs and thin clients combine with FactoryTalk View human-machine interface (HMI) software and ThinManager thin-client management software to create a complete visualization system. Thin clients are computers connected remotely to a server storing applications, rather than using a local hard drive. For mission critical applications, users can deploy ThinManager redundancy or a VersaView 6300 PC running local and remote applications to help ensure reliability if server communications are lost.
In addition, unlike most industrial PCs, each model in the VersaView 6300 family is individually designed to minimize or remove frequent points of failure like fans and connectors, helping reduce costs and extend the life of the PC.
“These new industrial PCs and the ability to create a more reliable and cost-effective visualization system are the result of our acquisition of ASEM S.p.A., an Italy-based provider of automation technologies,” said Dan DeYoung, hardware business director, Rockwell Automation. “We’re also working to bring the acquisition to fruition in other valuable ways, such as by offering greater customization and breadth to our industrial computers and expanding remote connectivity options.”
Customers can enhance cybersecurity when they use the new industrial PCs with ThinManager software. Multiple PCs with locally stored applications spread across a plant floor can increase the attack surface and security risks. ThinManager software allows applications to run and be maintained from a central and secure location.
Additionally, when users acquire both the visualization hardware and software from one source, support is simplified. This can reduce the headaches, costs, and mean time to repair that typically come from working with multiple vendors for support issues. Users can also save money by taking advantage of the flexible content delivery methods and simplified licensing that are available from a Rockwell Automation-based system.
The new Allen-Bradley VersaView 6300B box PCs and thin clients deliver dependable performance and are available in multiple options to match user application needs. Other benefits include:
The new Allen-Bradley VersaView 6300P panel PCs are scalable to meet a range of performance requirements. Other benefits include:
VersaView 6300 industrial PCs include Windows 10 IoT Enterprise 2019 LTSC, the latest Microsoft Windows 10 IoT enterprise version. Ethernet ports are also gigabit ports to handle high volume network traffic.
About Rockwell Automation
Rockwell Automation, Inc. (NYSE: ROK), is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 23,000 problem solvers dedicated to our customers in more than 100 countries. To learn more about how we are bringing The Connected Enterprise to life across industrial enterprises, visit www.rockwellautomation.com.
Allen-Bradley, FactoryTalk, FactoryTalk View, ThinManager and VersaView are trademarks of Rockwell Automation Inc.
Media Contacts
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Rockwell Automation
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Padilla
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BOGOTA, Colombia--(BUSINESS WIRE)--GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Ecuador, Chile, Brazil and Argentina today announced that its Board of Directors has approved an agreement to sell its 10% non-operated working interest (“WI”) in the Manati gas field in Brazil to Gas Bridge S.A. (“Gas Bridge”).
The total consideration of the transaction amounts to R$144.4 million (approximately $27 million1), including a fixed payment of R$124.4 million plus an earn-out of R$20.0 million, which is subject to obtaining certain regulatory approvals.
The transaction was agreed with an effective date of December 31, 2020 and is subject to certain conditions, including the acquisition by Gas Bridge of the remaining 90% WI and operatorship of the Manati gas field. Two other non-operating partners in the Manati gas field consortium with a combined 55% WI have already announced their respective agreements to sell their WI to Gas Bridge. Subject to the agreement by the remainder of the consortium and regulatory approvals, closing of the transaction would occur in 4Q2021.
The Manati Gas field has net proven and probable PRMS reserves of approximately 3 million barrels of oil equivalent, based on December 2019 DeGolyer and MacNaughton’s certification, and adjusted by production during the nine month period ended September 30, 2020 of 1,127 boepd.
NOTICE
Additional information about GeoPark can be found in the “Investor Support” section on the website at www.geo-park.com.
Rounding amounts and percentages: Certain amounts and percentages included in this press release have been rounded for ease of presentation. Percentage figures included in this press release have not in all cases been calculated on the basis of such rounded figures, but on the basis of such amounts prior to rounding. For this reason, certain percentage amounts in this press release may vary from those obtained by performing the same calculations using the figures in the financial statements. In addition, certain other amounts that appear in this press release may not sum due to rounding.
CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION
This press release contains statements that constitute forward-looking statements. Many of the forward looking statements contained in this press release can be identified by the use of forward-looking words such as ‘‘anticipate,’’ ‘‘believe,’’ ‘‘could,’’ ‘‘expect,’’ ‘‘should,’’ ‘‘plan,’’ ‘‘intend,’’ ‘‘will,’’ ‘‘estimate’’ and ‘‘potential,’’ among others.
Forward-looking statements that appear in a number of places in this press release include, but are not limited to, statements regarding the intent, belief or current expectations, regarding various matters, including regulatory approvals, the acquisition by Gas Bridge of the remaining WI and operatorship in the Manati gas field and the closing of the transaction. Forward-looking statements are based on management’s beliefs and assumptions, and on information currently available to the management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors.
Forward-looking statements speak only as of the date they are made, and the Company does not undertake any obligation to update them in light of new information or future developments or to release publicly any revisions to these statements in order to reflect later events or circumstances, or to reflect the occurrence of unanticipated events. For a discussion of the risks facing the Company that could affect whether these forward-looking statements are realized, see filings with the U.S. Securities and Exchange Commission.
1 Amount in dollars estimated using an exchange rate of R$5.35 per dollar.
INVESTORS:
Stacy Steimel
T: +562 2242 9600
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Miguel Bello
T: +562 2242 9600
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Diego Gully
T: +5411 4312 9400
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MEDIA:
Communications Department
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GeoPark can be visited online at www.geo-park.com
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