Carrier recognized by FreightWaves for innovations benefiting customers and drivers
GREEN BAY, Wis.--(BUSINESS WIRE)--Schneider (NYSE: SNDR), a premier multimodal provider of transportation, intermodal and logistics services, is honored to be recognized for the company’s innovation in the FreightWaves FreightTech 100 for the fifth consecutive year.
Schneider’s freight technology and innovation for shippers, carriers and drivers automates processes, enables visibility and delivers powerful insights to maximize efficiency on every shipment.
“We are pleased to be recognized by FreightWaves for our dedication to improving operations, driver safety and sustainability efforts,” said Schneider Executive President and Chief Innovation and Technology Officer Shaleen Devgun. “Schneider is a proven leader in developing cutting edge technical solutions and effectively integrates leading capabilities to continue to meet our stakeholders’ ever-evolving needs.”
Schneider has made ground-breaking investments that speed up the pace of the industry. Recently, working with ChemDirect, a leading B2B online marketplace for specialty chemicals shippers. Furthermore, the transportation leader has expanded its Schneider FreightPower® power offering for bulk shippers – a first-of-its-kind digital marketplace offering for the bulk segment. With investments in technology platforms and digital solutions, Schneider is staying ahead of customer, shipper and associate’s needs.
For drivers and the motoring public, Schneider’s investments in technology improves safety through collision mitigation systems, stability control and onboard cameras.
Schneider is also focused on developing capabilities and technologies that improve its own sustainability and help customers achieve their sustainability objectives. The company is at the forefront of piloting and soon integrating battery electric trucks and exploring autonomous technologies. Through, the use of AI-powered data analysis and automation, Schneider takes the information collected to improve processes and routes, cutting out empty miles and giving customers visibility throughout the supply chain as well as insight into the most sustainable shipping option.
“Every day, we work to ensure the technologies being developed take into account real-world industry perspective, fit Schneider’s operations and meet customer needs,” said Schneider Vice President of IT Strategy, Planning and Architecture Brian Stuelpner. “Schneider is dedicated to innovation that creates value for the industry, consumers and businesses by moving freight as safely and efficiently as possible.”
To learn more about Schneider’s unique, innovative offerings, visit: https://schneider.com/company/about/innovation
About Schneider
Schneider is a premier provider of transportation, intermodal and logistics services. Offering one of the broadest portfolios in the industry, Schneider’s solutions include Regional and Long-Haul Truckload, Expedited, Dedicated, Bulk, Intermodal, Brokerage, Warehousing, Supply Chain Management, Port Logistics and Logistics Consulting.
With nearly $5.6 billion in annual revenue, Schneider has been safely delivering superior customer experiences and investing in innovation for over 85 years. The company’s digital marketplace, Schneider FreightPower®, is revolutionizing the industry giving shippers access to an expanded, highly flexible capacity network and provides carriers with unmatched access to quality drop-and-hook freight – Always Delivering, Always Ahead.
For more information about Schneider, visit Schneider.com or follow the company socially on Facebook, LinkedIn and Twitter: @WeAreSchneider.
Source: Schneider SNDR
Kara Leiterman, Media Relations Manager
M 920-370-7188
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DUBLIN--(BUSINESS WIRE)--The "Global Oil & Gas Perforatory Services Market By Service (Laboratory Services, Perforatory Design, Shaped Charges, Gun Systems, Conveyance Services), By Perforation Type, By Well Type, and By Region, Competition, Forecast and Opportunities, 2017-2027" report has been added to ResearchAndMarkets.com's offering.
The global oil & gas perforatory services market is projected to grow at an impressive rate during the forecast period, 2023-2027. The market growth can be attributed to the increased shale gas exploration activities and the growing complexity of reservoir conditions. Besides, high oil & gas production to meet the increasing energy requirements across various end-user industries is anticipated to fuel the market growth.
To meet the expanding energy needs, 8,8391 thousand barrels of oil per day was produced globally in 2020, according to BP's statistical evaluation of world energy 2021. An increase in deepwater and ultra-deepwater exploration activities brought on by the strong demand for oil, significant end-user industries, and the rapid economic development of developing nations, are expected to boost the market growth.
The need for oil and gas drilling operations is rising due to the need to seek unexplored hydrocarbon sources for use in transportation, manufacturing, power production, and other applications. The global oil & gas perforatory services market is anticipated to benefit from developments in drilling technology, lower natural gas prices, and improved supply and distribution infrastructure over the forecast period.
In cased wells, the perforation technique is utilized to create a connection between the reservoir and wellbore, and as a result, it is crucial for increasing well productivity and recovery. The global oil & gas perforatory services market is anticipated to benefit significantly from high-end investment in research and development activities for upgrading stress-rock testing of the charging system and finding cutting-edge solutions to minimize damage and boost production during the forecast period.
The demand for the global oil & gas perforatory services market is anticipated to increase throughout the forecast period as a result of the incorporation of reactive materials from oilfield-shaped charges, advancements in analytical techniques, and the usage of 3D-digital imaging technologies.
Leading authorities are working to develop the renewable energy sector to minimize the adverse environmental effects and reduce carbon footprints, which is predicted to limit the usage of conventional energy sources, which could restrict the market growth.
The global oil & gas perforatory services market segmentation is based on the service, perforation type, well type, regional distribution, and competition. Based on the well type, the market is divided into horizontal well and vertical well. The horizontal well segment is expected to hold the largest share in the market as they require the reperforation of old wells.
Market players operating in the global oil & gas perforatory services market are Schlumberger Limited, Baker Hughes, Halliburton Company, Weatherford International, WellMax Oilfield Technologies, GeoDynamics, Liberty Oilfield Services LLC, and HLS Asia Limited, among others.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
Oil & Gas Perforatory Services Market, By Service:
Oil & Gas Perforatory Services Market, By Perforation Type:
Oil & Gas Perforatory Services Market, By Well Type:
Oil & Gas Perforatory Services Market, By Region:
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Impact of COVID-19 on Global Oil & Gas Perforatory Services Market
4. Executive Summary
5. Voice of Customer
6. Global Oil & Gas Perforatory Services Market Outlook
7. North America Oil & Gas Perforatory Services Market Outlook
8. Asia-Pacific Oil & Gas Perforatory Services Market Outlook
9. Europe Oil & Gas Perforatory Services Market Outlook
10. South America Oil & Gas Perforatory Services Market Outlook
11. Middle East & Africa Oil & Gas Perforatory Services Market Outlook
12. Market Dynamics
13. Market Trends & Developments
14. Company Profiles
15. Strategic Recommendations
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/abplcb
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
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AUTEL's new energy storage solutions will meet global demand for low-carbon smart solutions underpinned by clean energy.
BERLIN--(BUSINESS WIRE)--#AUTEL--AUTEL (AUTEL EUROPE GmbH) launched its new energy storage solutions at eMove360° Europe 2022, for energy storage systems, commercial and industrial applications, and residential uses.
"With over 10 years of R&D experience, Autel continues to deliver industry breakthroughs in core technologies such as power electronics," said Mr. Ting Cai, CEO of Autel Europe GmbH.
Autel offers optimal Levelized Cost of Electricity (LCOE) with improved safety achieved through continuous innovation in string design to address key industry challenges. The energy storage range includes the Autel Hybrid Inverter and the Autel ESS All-in-one.
Autel Energy Storage Solutions address capacity limitations
AUTEL believes that its energy storage products are capable of solving the problems of limited capacity, short service life, complex operation and maintenance and high safety risks associated with traditional solutions.
With years of experience in developing energy storage systems, integrating digital, EV Charger and energy storage technologies, the AUTEL energy storage product range overcomes the limitations of traditional batteries with a fully modular design and professional battery protection, including PV Input Lightning Protection, Anti-islanding Protection, PV String Input Reverse Polarity Protection, Insulation Resistor Detection, Residual Current Monitoring Unit, Output Over Current Protection, Output Shorted Protection, and Surge Protection, which taps the full charge and discharge potential of the battery and provides sufficient power reserve for the home safely.
It provides the safest way to power your home seamlessly. It switches on/off the grid in 4 milliseconds to maintain power to critical loads and supports diesel generators to ensure 24/7 uninterrupted power supply, as well as integral solid state capacitor, fuse-free design and arc fault circuit breaker (AFCI) features for long life and safety.
To enable low-carbon living, Autel has shown its smart EV charger for residential use with easy indoor and outdoor installation, delivering convenient and fast charging. Meanwhile, AC Wallbox was shortlisted as a finalist at the eMove360° Europe 2022 in Berlin.
Autel will continue to invest in smart string energy storage systems and EV Chargers, helping build a sustainable, low-carbon future.
For more information, please visit: https://autelenergy.eu/
AUTEL
+49(0)89 540299608
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COPENHAGEN, Denmark--(BUSINESS WIRE)--Aegir Insights, a technology start-up in offshore wind and power-to-x investment intelligence, has secured a strategic investment from renowned energy sector leader Jon Erik Reinhardsen alongside two other investors. The investment and board support will accelerate Aegir Insights on its growth journey as a premium intelligence and software provider to project developers, governments and sector investors. Further to this strategic investment, management and technology consultancy BearingPoint has been appointed as Aegir Insights’ advisor, supporting on the pathway to future funding rounds and business growth
“We are incredibly proud of the hard work our team has put behind establishing Aegir Insights as a leading voice in offshore wind markets, and we are humbled by the support of our customers and partners”, commented Rikke Nørgaard, Co-Founder and CCO of Aegir Insights.
Scott Urquhart, Co-Founder and CEO of Aegir Insights added “We are excited for this next phase of our journey. This investment brings leading experience to our board from the energy analytics space, and capital to accelerate the build-out of our solutions through close cooperation with our clients.”
Jon Erik Reinhardsen, commented: “I have been impressed following Aegir Insights’ journey, rapidly positioning themselves as a premium, tech-enabled analytics business. Aegir’s advanced data and software are helping deploy more renewables, faster.”
Thomas Bagley, Partner at BearingPoint commented: “We are excited to support the growth of a company that is accelerating deployment of renewable energy through a scalable business model which has been proven in other energy segments. We have been impressed by Aegir’s sector leading technology, combined with the team’s deep experience and relationships.”
Aegir Insights:
Smarter, faster, greener.
Aegir Insights provides premium commercial analytics and models to help inform investment strategy and capital allocation for leading players in the offshore wind and power-to-x (PtX) sectors. Aegir Insights’ differentiated strategy includes its technology-led approach in cooperation with clients and academia, and its senior team having deep industry experience from leading developers including Orsted, Vattenfall and Vestas. Aegir Insights also serves as a trusted government advisor in development of offshore wind and PtX markets.
Learn more about Aegir Insights here: www.aegirinsights.com
Jon Erik Reinhardsen:
Jon Erik Reinhardsen is a Norwegian business executive currently holding positions including Chairman of the Board of Equinor ASA, board member of Telenor ASA, and other senior appointments. Reinhardsen was the Chief Executive Officer of Petroleum Geo-Services (PGS) from 2008 to 2017, providing geophysical and reservoir services and data. In the period 2005 - 2008 Reinhardsen was President Growth, Primary Products in the international aluminium company Alcoa Inc. with headquarters in the US, and he was in this period based in New York.
From 1983 to 2005, Reinhardsen held various positions in the Aker Kværner group, including Group Executive Vice President of Aker Kværner ASA, Deputy Chief Executive Officer and Executive Vice President of Aker Kværner Oil & Gas AS in Houston and Executive Vice President in Aker Maritime ASA.
BearingPoint Capital:
BearingPoint is an independent management and technology consultancy with European roots and a global reach. The company operates in three business units: Consulting, Products, and Capital. Consulting covers the advisory business with a clear focus on selected business areas. Products provides IP-driven digital assets and managed services for business-critical processes. Capital delivers M&A and transaction services.
BearingPoint’s clients include many of the world’s leading companies and organizations. The firm has a global consulting network with more than 13,000 people and supports clients in over 70 countries, engaging with them to achieve measurable and sustainable success.
For media enquiries regarding Aegir Insights:
Signe Soerensen
Communication Manager
+45 8190 8153
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TORONTO--(BUSINESS WIRE)--Greenland Resources Inc. (NEO:MOLY, FSE:M0LY) (“Greenland Resources” or the “Company”), is pleased to announce that the Government of Greenland, as per the recommendation of the Ministry of Mineral Resources (MMR) and the Environmental Agency for Mineral Resource Activities (EAMRA), approved the Terms of Reference (ToR) for the Environmental Impact Assessment (EIA) and Social Impact Assessment (SIA), which constitute the first of two Government approvals needed to obtain an exploitation license for the Malmbjerg Molybdenum Project in Greenland.
The first approval involves the Government of Greenland approval of the ToR EIA/SIA. To achieve this, mining companies seeking an exploitation license in Greenland, need to submit and receive MMR and EAMRA acceptance of a draft ToR EIA and SIA in Greenlandic, Danish and English; publish the documents on the Government’s hearing portal for 35 days to receive public comments; address all comments in the three languages in a White Paper and resubmit a revised ToR EIA/SIA and White Paper in the three languages for MMR and EAMRA acceptance. After acceptance, MMR and EAMRA recommend the ToR EIA/SIA for approval to the Government of Greenland. Today, the Company was notified by the MMR that the Government of Greenland (Naalakkersuisut) approved the ToR EIA/SIA on September 29, 2022.
Dr. Ruben Shiffman, Chairman, commented: “We thank the Greenland Government and local stakeholders for their ongoing support. Our contribution to Greenland will dramatically increase as we advance the project. We are in good shape in the permitting process and molybdenum is trading at a 13 year high despite current economic and energy crisis. The Company has now aligned goals with Greenland in securing raw materials for the European Union. Greenland, an Associate EU member is now also member is also a member of the European Raw Material Alliance (ERMA), a EU body responsible to secure strategic minerals for the EU Green Deal. Also, our Malmbjerg Molybdenum Project recently received strategic support from ERMA as per press release https://erma.eu/erma-supports-greenland-resources-in-development-of-the-malmbjerg-molybdenum-project-in-east-greenland/.”
The second part of the process involves: the approval of the EIA/SIA that follows a similar process as the one described above for the ToR EIA/SIA; the submission of the Navigational Safety Investigation report (NSI); and the signing of an Impact Benefit Agreement (IBA). The EIA and SIA are based on the ToR EIA/SIA and include mainly more detailed engineering that is available in the Company’s NI 43-101 Definitive Feasibility Study, and additional environmental data that is available from the Company’s work conducted in 2021, 2022 and the extensive historical environmental data available from the last 15 years. Therefore, the Company will soon submit the EIA and SIA. Regarding the NSI, on May 12, 2022, the Company submitted the report to the Ministry of Housing, Infrastructure and Transport and in relation to the IBA, the Company has maintained positive contact with relevant stakeholders and signed a sponsorship agreement beyond the legal license obligations to help the only nearby community, located some 190 km to the southeast of the project.
In the recent 2022 State of the Union Address, European Union president Ms. Ursula von der Leyen revealed plans to create the Critical Raw Materials Act as well as to increase the financial support for the European Raw Materials Fund. The Company believes that both plans are very positive for the Malmbjerg Molybdenum Project, for Greenland overall and for the EU Green Deal. As per the Company’s NI 43-101 Definitive Feasibility Study, the Malmbjerg Molybdenum Project has the potential to generate life of mine taxes and royalties of more than US$700 million to the Greenland Government as well as significantly reduce unemployment. Greenland relies on 3.6 billion Danish kroner (US$481 million) in subsidies annually from Denmark, which is some 60 percent of Greenland annual budget. The Malmbjerg Molybdenum Project has the potential to help Greenland and help the European Green Deal with high quality, and high ESG responsible sourcing molybdenum. Molybdenum is a metal that is used in all green energy transition technologies. Europe is the second largest user of molybdenum in the world but has no molybdenum production of its own. The Company continues discussion with potential strategic partners and molybdenum end users, and will update the market in due course.
Qualified Person Statement
Mr. Jim Steel, P.Geo., M.B.A., a Qualified Person under National Instrument 43-101 has reviewed and approved the technical information in this press release.
About Greenland Resources Inc.
Greenland Resources is a Canadian public company with the Ontario Securities Commission as its principal regulator and is focused on the development of its 100% owned world-class Climax type pure molybdenum deposit located in central east Greenland. The Malmbjerg molybdenum project is an open pit operation with an environmentally friendly mine design focused on reduced CO2 emissions and water usage, low aquatic disturbance and low footprint due to modularized infrastructure with Proven and Probable Reserves of 245 million tonnes at 0.176% MoS2, for 571 million pounds of contained molybdenum metal. The Malmbjerg project benefits from a NI 43-101 Definitive Feasibility Study completed by Tetra Tech in 2022, which concluded an expected Base case after-tax IRR of 22.4%, NPV6% of US$1.17 billion (€1.02 billion) and a Levered pre-tax IRR of 40.4%, after tax IRR of 33.8% and payback of 2.4 years. The project had a previous exploitation license granted in 2009. With offices in Toronto, the Company is led by a management team with an extensive track record in the mining industry and capital markets. For further details, please refer to our web site (www.greenlandresources.ca) and our Canadian regulatory filings on Greenland Resources’ profile at www.sedar.com
About Molybdenum and the European Union
Molybdenum is a critical metal used mainly in steel and chemicals that is needed in all technologies in the upcoming green energy transition (World Bank, 2020; IEA, 2021). When added to steel and cast iron, it enhances strength, hardenability, weldability, toughness, temperature strength, and corrosion resistance. Based on data from the International Molybdenum Association and the European Commission Steel Report, the world produced around 576 million pounds of molybdenum in 2021 where the European Union (“EU”) as the second largest steel producer in the world used approximately 25% of global molybdenum supply and has no domestic molybdenum production. To a greater degree, the EU steel dependent industries like the automotive, construction, and engineering, represent around 18% of the EU’s approximately US$16 trillion GDP. Greenland Resources strategically located Malmbjerg molybdenum project has the potential to supply in and for the EU approximately 25 million pounds per year, of environmentally friendly molybdenum from a responsible EU Associate country, for decades to come. The high quality of the Malmbjerg ore, having low impurity content, makes it an ideal source of molybdenum for the high-performance steel industry lead worldwide by Europe, specifically the Scandinavian countries and Germany.
Forward Looking Statements
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS
This news release contains "forward-looking information" (also referred to as "forward looking statements"), which relate to future events or future performance and reflect management’s current expectations and assumptions. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "hopes", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things: the Company’s objectives, goals or future plans, future planned sponsorship expenditures, future renegotiation of existing sponsorship agreements, future employment of members of local communities, anticipated relations with local communities, exploration results, potential mineralization, the estimation of mineral resources and reserves, and their valuation, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions.
These forward-looking statements and information reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: mineral reserve estimates and the assumptions upon which they are based, including geotechnical and metallurgical characteristics of rock confirming to sampled results and metallurgical performance; tonnage of ore to be mined and processed; ore grades and recoveries; assumptions and discount rates being appropriately applied to the technical studies; estimated valuation and probability of success of the Company’s projects, including the Malmbjerg molybdenum project; prices for molybdenum remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Company’s projects; capital decommissioning and reclamation estimates; mineral reserve and resource estimates and the assumptions upon which they are based; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; the Company’s expected expenditures on initiatives supporting local communities, and the associated improvement in the Company’s relationship with such communities; the continued economic feasibility of the Company’s current corporate social responsibility commitments; and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.
The Company cautions the reader that forward-looking statements and information include known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the projected and actual effects of the COVID-19 pandemic or the war in Ukraine on the factors relevant to the business of the Corporation, including the effect on supply chains, labour market, currency and commodity prices and global and Canadian capital markets; fluctuations in molybdenum and commodity prices; fluctuations in prices for energy inputs, labour, materials, supplies and services (including transportation); fluctuations in currency markets (such as the Canadian dollar versus the U.S. dollar versus the Euro); operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structure formations, cave-ins, flooding and severe weather); inadequate insurance, or the inability to obtain insurance, to cover these risks and hazards; our ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; changes in laws, regulations and government practices in Greenland, including environmental, export and import laws and regulations; legal restrictions relating to mining; risks relating to expropriation; increased competition in the mining industry for equipment and qualified personnel; the availability of additional capital; title matters; the relationship with local communities and its effects on the business of the Corporation; and the additional risks identified in our filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com). Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Investors are cautioned against undue reliance on forward-looking statements or information.
These forward-looking statements are made as of the date hereof and, except as required by applicable securities regulations, the Company does not intend, and does not assume any obligation, to update the forward-looking information. Neither the NEO Exchange Inc. nor its regulation services provider accepts responsibility for the adequacy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
For further information please contact:
Ruben Shiffman, PhD Chairman, President
Keith Minty, P.Eng, MBA Engineering and Project Management
Jim Steel, P.Geo, MBA Exploration and Mining Geology
Nauja Bianco, M.Pol.Sci. Public and Community Relations
Gary Anstey Investor Relations
Eric Grossman, CPA, CGA Chief Financial Officer
Corporate office Suite 1410, 181 University Av. Toronto, Ontario, Canada M5H 3M7
Telephone +1 647 273 9913
Email This email address is being protected from spambots. You need JavaScript enabled to view it.
Web www.greenlandresources.ca
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) plans to announce its financial results for the third quarter 2022 prior to 8:00 A.M. Eastern Time on Tuesday, November 8th, 2022. A copy of the press release and an earnings supplement will be posted to the Investors section of the Company’s website, www.newfortressenergy.com.
In addition, management will host a conference call on Tuesday, November 8th, 2022 at 8:00 A.M. Eastern Time. The conference call may be accessed by dialing (888) 394-8218 (toll-free from within the U.S.) or +1-323-794-2551 (from outside of the U.S.) fifteen minutes prior to the scheduled start of the call; please reference “NFE Third Quarter 2022 Earnings Call” or conference code 9719071.
A simultaneous webcast of the conference call will be available to the public on a listen-only basis at www.newfortressenergy.com under the Investors section within “Events & Presentations.” Please allow time prior to the call to visit the site and download any necessary software required to listen to the internet broadcast. A replay of the conference call will be available at the same website location shortly after the conclusion of the live call.
About New Fortress Energy Inc.
New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to address energy poverty and accelerate the world’s transition to reliable, affordable, and clean energy. The company owns and operates natural gas and liquefied natural gas (LNG) infrastructure and an integrated fleet of ships and logistics assets to rapidly deliver turnkey energy solutions to global markets. Collectively, the company’s assets and operations reinforce global energy security, enable economic growth, enhance environmental stewardship and transform local industries and communities around the world.
Investors
Patrick Hughes
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Media
Jake Suski
+1 (516) 268-7403
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HOUSTON--(BUSINESS WIRE)--$PSX--The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of 97 cents per share on Phillips 66 common stock. The dividend is payable on Dec. 1, 2022, to shareholders of record as of the close of business on Nov. 17, 2022.
About Phillips 66
Phillips 66 (NYSE: PSX) manufactures, transports and markets products that drive the global economy. The diversified energy company’s portfolio includes Midstream, Chemicals, Refining, and Marketing and Specialties businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com or follow @Phillips66Co on LinkedIn or Twitter.
Jeff Dietert (investors)
832-765-2297
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Shannon Holy (investors)
832-765-2297
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Thaddeus Herrick (media)
855-841-2368
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ROSWELL, Ga.--(BUSINESS WIRE)--#VPN--Please replace the release issued October 06, 2022 with the following corrected version due to multiple revisions.
The updated release reads:
ENDEAVOUR TAPS DISPERSIVE TO DELIVER NETWORK CYBERSECURITY FOR SUSTAINABLE INFRASTRUCTURE ACROSS NORTH AMERICA AND EUROPE
Dispersive Holdings Inc. (Dispersive), an emerging cloud security leader in the Zero Trust Network Access (ZTNA) and Secure Access Service Edge (SASE) space announced an agreement to implement secure, critical grid network infrastructure for Endeavour, an innovation platform that builds sustainable power infrastructure.
“Cybersecurity is increasingly critical as the grid adopts more renewables and relies on connected inverters for energy and electric vehicle charging. Today’s elevated threat landscape, combined with heightened competition, requires a new paradigm for offering enhanced capabilities and operational excellence within critical infrastructure sectors,” said Jakob Carnemark, Endeavour’s Founder and CEO. “In Dispersive, we’ve selected a trusted partner with unique and innovative military-grade technology and expertise across complex mission-critical environments to help us quickly scale our operation globally for diverse businesses, geographies and use cases.”
"We are truly inspired by Endeavour’s mission of sustainability,” said Rajiv Pimplaskar, Dispersive’s President and Chief Executive Officer. “Security and privacy are a prerequisite, not an afterthought, and Dispersive’s solution will provide peace of mind for Endeavour and their energy, electric vehicle charging, logistics and utility clients. Dispersive looks forward to supporting Endeavour’s business and use cases with DispersiveFabric, our highly scalable, performant, resilient and operationally flexible software platform.”
Dispersive will be implemented across Endeavour’s technology stack, including GridBlock EV charging solutions and microgrids, Pact low-carbon fuel solutions and Voltek Water’s distributed water infrastructure.
About Dispersive Holdings
An emerging cybersecurity leader in the Zero Trust Network Access (ZTNA) and Secure Access Service Edge (SASE) and Multicloud Network Software (MCNS) space, Dispersive delivers a cloud-native network fabric that is ultra-secure, operationally flexible, and up to 10 times faster. Dispersive’s battlefield-inspired patented technology creates virtual active-active multipath networks with rolling encryption keys and granular access controls to connect digital businesses, products, and users across any cloud or service edge. Government, enterprises, and channel partners can implement the solution quickly with zero-touch provisioning even across multi-cloud environments to secure against new and emerging threats, including nation state actors. For more information, visit www.dispersive.io or follow Dispersive on Twitter @DispersiveHold or LinkedIn @Dispersive-holdings-inc.
About Endeavour
Endeavour is an innovation company developing next-generation sustainable infrastructure. For more information, visit the company’s website: www.endeavourii.com.
Dispersive Media Contact:
Sue Ellen Nicks
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+1.470.865.7029
Endeavor Media Contact:
Ron Kolber
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+1.917.577.6548
DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Inc. (NYSE:ALE) will announce its financial results for the third quarter before the stock markets open on Wednesday, Nov. 9, 2022.
Following the release, ALLETE Chair, President and Chief Executive Officer Bethany M. Owen, and Senior Vice President and Chief Financial Officer Steven W. Morris will present an overview of results and discuss other factors related to performance during a conference call beginning at 10 a.m. Eastern time. Interested parties may participate in the conference call live by registering at www.allete.com/earningscall, or by accessing the listen-only webcast on ALLETE’s website, www.allete.com.
The webcast will be accessible for one year at www.allete.com.
ALLETE, Inc. is an energy company headquartered in Duluth, Minnesota. In addition to its electric utilities, Minnesota Power and Superior Water, Light and Power of Wisconsin, ALLETE owns ALLETE Clean Energy, based in Duluth; BNI Energy in Bismarck, N.D.; and New Energy Equity, headquartered in Annapolis, Maryland; and has an 8% equity interest in the American Transmission Co. More information about ALLETE is available at www.allete.com.
ALE-CORP
Vince Meyer
218-72.3-3952
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DUBLIN--(BUSINESS WIRE)--The "Saudi Arabia Oil Field Equipment Rental Market By Type (Drilling Equipment {Drill Pipe, Drill Collars, Drill Bit, Others}, Pressure & Flow Control Equipment, Fishing Equipment, Others), By Location (Onshore, Offshore), By Region, Competition, Forecast & Opportunities, 2027" report has been added to ResearchAndMarkets.com's offering.
Saudi Arabia oil field equipment rental market is projected to witness growth at a significant CAGR during the forecast period, 2023-2027. The market growth can be attributed to the increasing oilfield explorations in the country. Saudi Arabia constitutes 17% of the global petroleum reserves, which accounts for 50% of the country's GDP and 70% of export business. Hence, developments in the ever-expanding industry are creating a high demand for oil field equipment, which is expected to drive market growth in the coming years.
Saudi Arabia's oil industry is quickly increasing and accounts for more than half of the country's income. Growing demand for oil and petroleum products, as well as globalization, will be important factors driving the expansion of the Saudi Arabia oil field equipment rental industry during the next five years. With the increase in demand, more excavation and oil extraction from reserves are increasing, which aids the demand for tools, equipment, and machinery, consequently boosting the expansion of the Saudi Arabia oil field equipment rental market over the next five years.
The current consumption trend ensures that the country's active reserves will survive for more than 200 years. Growing excavation necessitates technologically advanced equipment and tools, which will be essential in expanding the Saudi Arabia oil field equipment rental market during the next five years.
Market participants are focused on research and technology advances in oil field equipment, which will assist the expansion of the Saudi Arabia oil field equipment rental market during the next five years. In recent years, active market participants have strategically moved their attention to unconventional and deeper hydrocarbon sources. Oil extraction has recently turned toward shale gas and coal. Horizontal drilling and hydraulic fracturing are advanced technologies aiding the opening of shale oil and gas formations. The horizontal component of the oil rig count has increased significantly, which is expected to boost the growth of the Saudi Arabia oil field equipment rental industry during the next five years.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope
Saudi Arabia Oil Field Equipment Rental Market, By Type:
Saudi Arabia Oil Field Equipment Rental Market, By Location:
Saudi Arabia Oil Field Equipment Rental Market, By Region:
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Impact of COVID-19 on Saudi Arabia Oil Field Equipment Rental Market
4. Executive Summary
5. Voice of Customers
6. Saudi Arabia Oil Field Equipment Rental Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Type (Drilling Equipment, Pressure & Flow Control Equipment, Fishing Equipment, Others)
6.2.2. By Location (Onshore, Offshore)
6.2.3. By Region
6.2.4. By Company (2021)
6.3. Product Market Map
7. Saudi Arabia Drilling Equipment Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Type (Drill Pipe, Drill Collars, Drill Bit, Others)
7.2.2. By Location
7.2.3. By Region
8. Saudi Arabia Pressure & Flow Control Equipment Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Location
8.2.2. By Region
9. Saudi Arabia Fishing Equipment Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Location
9.2.2. By Region
10. Market Dynamics
10.1. Drivers
10.2. Challenges
11. Market Trends & Developments
12. Policy & Regulatory Landscape
13. Saudi Arabia Economic Profile
14. Company Profiles
15. Strategic Recommendations
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/pvcsy8
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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HOUSTON--(BUSINESS WIRE)--BP Prudhoe Bay Royalty Trust (NYSE: BPT) announced that unitholders will receive a dividend for the quarter ended September 30, 2022. The dividend information is as follows:
Ex-Dividend Date: |
October 14, 2022 |
|
Record Date: |
October 17, 2022 |
|
Payable Date: |
October 19, 2022 |
|
Dividend Rate: |
$0.7031368 per Unit |
As provided in the Trust Agreement, the quarterly royalty payment by Hilcorp North Slope, LLC to the Trust is the sum of the individual revenues attributed to the Trust as calculated each day during the quarter. The amount of revenue is determined by multiplying Royalty Production for each day in the calendar quarter by the Per Barrel Royalty for that day. Pursuant to the Trust Agreement, the Per Barrel Royalty for any day is the WTI Price for the day less the sum of (i) Chargeable Costs multiplied by the Cost Adjustment Factor and (ii) Production Taxes.
For the three months ended September 30, 2022, the Per Barrel Royalty was calculated based on the following information:
Average WTI Price |
$91.87 |
|
Average Adjusted Chargeable Costs |
$72.98 |
|
Average Production Taxes |
$ 3.30 |
|
Average Per Barrel Royalty |
$15.59 |
|
Average Net Production (mb/d) |
65.6 |
The average daily closing WTI price was above the “break-even” price for the quarter, resulting in a quarterly payment with respect to the Royalty Interest of $15,325,874 to the Trust, after the deduction of $209,781 representing an overpayment to the Trust for the quarter ended June 30, 2022. In accordance with the Trust Agreement, the Trustee will pay all accrued expenses of the Trust, then distribute the excess, if any, of the cash received by the Trust over the Trust’s expenses to unitholders. After paying the Trust’s expenses accrued through September 30, 2022, $15,047,127 is available for distribution to unitholders.
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. Forward-looking statements in this press release are subject to a number of risks and uncertainties beyond the control of the Trustee. The actual results, performance and prospects of the Trust could differ materially from those expressed or implied by forward-looking statements. Descriptions of some of the risks that could affect the future performance of the Trust appear in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2021, the Trust’s subsequent Quarterly Reports on Form 10-Q, and the Trust’s other filings with the Securities and Exchange Commission. The Trust’s annual, quarterly and other filed reports are or will be available over the Internet at the SEC’s website at http://www.sec.gov. Neither the Trust nor the Trustee intends, and neither assumes any obligation, to update any of the statements included in this press release.
Elaina Rodgers
Vice President
The Bank of New York Mellon Trust Company, N.A.
713-483-6020
DUBLIN--(BUSINESS WIRE)--The "Norway Oil and Gas Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)" report has been added to ResearchAndMarkets.com's offering.
The Norwegian oil and gas market is expected to register a CAGR of more than 7.5% during the forecast period of 2022-2027. The COVID-19 pandemic has adversely affected the market by lowering the demand in 2020. However, the oil production cuts by OPEC plus and rising demand in 2021 have mostly nullified the effects of the pandemic.
Furthermore, the conflict between Russia-Ukraine has exasperated the requirement for Norwegian natural gas in Europe. Factors such as increasing demand for oil and gas coupled with new discoveries in the North Sea and Norwegian continental shelf are likely to drive the oil and gas market in Norway during the forecast period. However, the Norwegian government is pushing toward alternative energy sources, which may hinder the growth of Norway's oil and gas market during the forecast period.
Key Market Trends
The Upstream Sector to Dominate the Market
Increasing Investments in the Oil and Gas Sector Expected to Drive the Market
Key Topics Covered:
1 INTRODUCTION
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
4 MARKET OVERVIEW
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/undymt
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. (NYSE: HLX) will issue a press release reporting its third quarter 2022 results on Monday, October 24, 2022, after the close of business. The press release and associated slide presentation will be available on Helix's website, www.HelixESG.com.
Helix will review its third quarter 2022 results on Tuesday, October 25, 2022, at 9:00 a.m. Central Time via a live webcast and teleconference. The live webcast will be available on our website under "For the Investor." Investors and other interested parties wishing to dial in to the teleconference may join by dialing 1-877-243-4912 for participants in the United States or 1-303-223-0113 for international participants. The passcode is "Staffeldt." A replay of the webcast will be available on our website under "For the Investor" by selecting the "Audio Archives" link beginning approximately two hours after the completion of the event.
About Helix
Helix Energy Solutions Group, Inc., headquartered in Houston, Texas, is an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations. For more information about Helix, please visit our website at www.HelixESG.com.
Erik Staffeldt - Executive Vice President and CFO
email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Ph: 281-618-0465
LONDON--(BUSINESS WIRE)--Funds advised by Searchlight Capital Partners, L.P. (“Searchlight”) and Synergy Marine Group (“Synergy") have today announced the completion of Searchlight’s acquisition of a minority ownership stake in Synergy, a leading global ship manager and provider of end-to-end maritime solutions. The terms of the transaction were not disclosed.
Synergy was founded in 2006 by Captain Rajesh Unni and is now the fourth largest ship manager globally, with around 500 vessels under technical management, including tankers, dry bulk, containers and gas carriers. Synergy provides ship owners with mission-critical services including full technical management (e.g. regulatory compliance, maintenance, procurement and remote systems monitoring), crew management (e.g. sourcing and training of seafarers and services like payroll) as well as marine services, (e.g. decarbonization services, seafarer health and wellness, newbuilding design and supervision and project management including for the installation of energy saving devices). Synergy is headquartered in Singapore and operates through a global network of over 25 offices across 13 countries, employing over 1800 people.
Captain Rajesh Unni, Founder and CEO of Synergy said: “We have always believed in and implemented a strong culture of customer centricity in Synergy. Now, to be able to further continue creating incremental value for our clients, we need to look at newer operating models focused on a value driven partnership as opposed to the present vendor mindset in the ship management industry. Amongst other things, this could be driven by digitalization especially considering the increased regulatory complexity and ever growing ESG considerations. Hence, we are excited to partner with Searchlight, who have a strong and demonstrable track record of rigorous transformation and operational excellence execution. With this transaction, we welcome new partners, Searchlight and our fellow Synergy colleagues, into the ownership of Synergy.”
Heber Ramos de Freitas, Partner at Searchlight, commented: “We are excited to partner with Captain Unni, a visionary leader who has established a stand-out competitor in the industry, driven by a culture of customer centricity, excellent execution, continuous investment in its people, environmentally responsible practices and a highly innovative approach to leveraging data. We believe our experience in executing digital transitions makes us well positioned to help accelerate the ambitious growth journey that lies ahead and in doing so contribute towards the transformation of the global maritime ecosystem.”
James Redmayne, Partner at Searchlight, concluded: “At Searchlight we seek to partner with like-minded founders of market leading businesses that are focused on delivering consistently high-quality services to their customers– and with Synergy and Captain Unni we have found the perfect match. This management team, built over many years, has a highly impressive track record of both organic and acquisitive growth and together we look forward to continuing Synergy’s development, while ensuring delivery of the mission to continually improve the shipping industry for all participants.”
About Synergy Marine Group
Headquartered in Singapore, Synergy’s hallmarks are its through-life approach to asset management and ability to develop custom-designed thought partnership strategies with leading owners. Spanning across a network of 25 offices in 13 countries and employing more than 18,000 seafarers, Synergy manages a fleet of around 500 vessels including the most complex LNG (including FSUs), LPG and vast 20,000+ TEU container ships, as well as oil and chemical tankers, car carriers and bulk carriers. With a strong focus on crew wellbeing, digitalization and environmentally responsible policies, Synergy is at the forefront of transforming the ship management industry.
About Searchlight Capital Partners, L.P.
Searchlight is a global private investment firm with approximately $10 billion in assets under management and offices in New York, London and Toronto. Searchlight seeks to invest in businesses where its long-term capital and strategic support accelerate value creation for all stakeholders. For more information, please visit www.searchlightcap.com.
Media:
Synergy
Vishal Srivastava
Group Head – Corporate Communications
T: +91 8754536564
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Searchlight
Prosek Partners
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T: +1 857 302 3712 (North America)
T: +44 (0) 7771 810 803 (UK)
Advent Technologies is proud to support tomorrow’s 8th annual National Hydrogen and Fuel Cell Day at a critical time for the broader adoption of hydrogen and fuel cell technologies across the globe
BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent” or the “Company”), an innovation-driven leader in the fuel cell and hydrogen technology sectors, is pleased to join the U.S.A. in celebrating the eighth annual National Hydrogen and Fuel Cell Day, taking place on October 8, 2022. This day marks the growth of the industry by raising the awareness of the benefits that hydrogen energy and fuel cell technologies provide in reducing emissions while driving economic growth.
The National Hydrogen and Fuel Cell Day is observed on October 8 in recognition of the atomic mass of hydrogen - 1.008. As countries worldwide increasingly look to hydrogen as a critical tool to decarbonize, the U.S.A. is uniquely positioned to take a leadership role. Aiming to play an active role in decarbonizing the world quickly with green hydrogen and innovative fuel cell technology, Advent is on a mission to bring its proprietary high temperature-proton exchange membrane (“HT-PEM”) technology to the market by building world-class fuel cells and electrolysers that have a low total cost of ownership and high environmental impact. More information about Advent’s innovative technology can be found through Advent’s newly released video on YouTube, where the Company’s Chief Technology Officer, Dr. Emory De Castro, provides an overview of its unique competitive advantages.
Since last year’s National Hydrogen and Fuel Cell Day, Advent has been selected as a key driver of large-scale decarbonization projects in Southeastern Europe and has accelerated its efforts by launching new innovative products and partnering with some of the world’s leading laboratories. At the same time, Advent has substantially increased its global workforce and has invested in the build-out of new facilities that will create numerous job opportunities in the global clean energy space.
Some of these developments include:
The Road Map to a U.S. Hydrogen Economy report projects that continued investment in hydrogen will support more than 3 million jobs and $750 billion in revenue by 2050, meeting 14% of total energy demand and reducing total carbon dioxide emissions by 16%. In the transportation sector alone, hydrogen energy can provide 33% of fuel for heavy trucks and aviation globally and 60% of fuel for marine shipping, helping to reduce U.S. transportation system emissions by 30%.
Dr. Vasilis Gregoriou, Chairman and CEO of Advent, commented on this celebration, “Advent Technologies is thrilled to celebrate the 8th Annual National Hydrogen and Fuel Cell Day at a time of significant momentum for America’s transition to clean energy technologies. I strongly believe in hydrogen’s future as a zero-carbon solution for many industries and a significant contributor to the energy mix. We have seen many positive developments and multilateral actions that have accelerated global decarbonization efforts. Hydrogen’s moment is here, right now; and all of us at Advent Technologies are thrilled to be contributors. We are filled with enthusiasm and ambition about the future and the potential for a cleaner world.”
Dr. Emory De Castro, CTO of Advent, stated: “Decarbonization and cleaner air is a top priority for many governments and industries around the world. Advent is a clean energy pioneer making the engines of the future. Advent’s fuel cells are adaptable, durable, and extremely flexible when converting hydrogen and other fuels to electricity. We look forward to further accelerating the global move to net-zero by providing the clean power from hydrogen fuels needed to move away from polluting diesel generators and combustion engines, towards a brighter future.”
For more information on the multiple benefits of Advent’s innovative Fuel Cell technology, please visit: https://www.youtube.com/watch?v=W8qkwuIqK4A
For more information on National Hydrogen and Fuel Cell Day, please visit: www.hydrogenandfuelcellday.org.
About Advent Technologies Holdings, Inc.
Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles complete fuel cell systems as well as supplying customers with critical components for fuel cells in the renewable energy sector. Advent is headquartered in Boston, Massachusetts, with offices in California, Greece, Denmark, Germany, and the Philippines. With more than 150 patents issued, pending, and/or licensed for fuel cell technology, Advent holds the IP for next-generation HT-PEM that enables various fuels to function at high temperatures and under extreme conditions – offering a flexible fuel option for the automotive, aviation, defense, oil and gas, marine, and power generation sectors. For more information, visit www.advent.energy.
Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking statements. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and other words of similar meaning. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the Company’s ability to maintain the listing of the Company’s common stock on Nasdaq; future financial performance; public securities’ potential liquidity and trading; impact from the outcome of any known and unknown litigation; ability to forecast and maintain an adequate rate of revenue growth and appropriately plan its expenses; expectations regarding future expenditures; future mix of revenue and effect on gross margins; attraction and retention of qualified directors, officers, employees and key personnel; ability to compete effectively in a competitive industry; ability to protect and enhance Advent’s corporate reputation and brand; expectations concerning its relationships and actions with technology partners and other third parties; impact from future regulatory, judicial and legislative changes to the industry; ability to locate and acquire complementary technologies or services and integrate those into the Company’s business; future arrangements with, or investments in, other entities or associations; and intense competition and competitive pressure from other companies worldwide in the industries in which the Company will operate; and the risks identified under the heading “Risk Factors” in Advent’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on March 31, 2022, as well as the other information filed with the SEC. Investors are cautioned not to place considerable reliance on the forward-looking statements contained in this press release. You are encouraged to read Advent’s filings with the SEC, available at www.sec.gov, for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any of these statements. Advent’s business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties.
Advent Technologies Holdings, Inc.
Elisabeth Maragoula / Michael Trontzos
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PASO ROBLES, Calif.--(BUSINESS WIRE)--Pearce Services, a nationwide leader in operations, maintenance, and engineering for mission-critical telecom and renewable energy infrastructure, is proud to announce that it has been recognized in Comparably's annual ranking of companies with the Happiest Employees.
This award was rated on a combination of factors that contribute to happiness at work including positive environment, fair pay, great benefits, excitement about work and co-workers, clear company goals and investment in them, and pride in company.
Bret Forster, CEO of Pearce Services, said “We are honored to receive Comparably’s Best Company – Happiest Employees Award. We aim to make Pearce the most satisfying workplace by doing meaningful work in support of renewable energy and communications while fostering a supportive team environment. Our clients depend on our outstanding employees for their most critical infrastructure, and this Award validates that our employees can depend on Pearce as a place to build a career.”
“Based on employee feedback, it is evident that Pearce Service’s leadership team is committed to creating a great place to work,” said Comparably CEO Jason Nazar. “Employees love working there and weave the organization’s strong corporate values into everything they do.”
Comparably Awards is an annual series highlighting the best companies and CEOs in 16 different workplace culture categories throughout the year. Since launching in late 2017, the awards have always been based solely on sentiment feedback provided by current employees who anonymously rated their employers on Comparably.com during a 12-month look-back period. Employees can answer structured questions (in yes/no, true/false, 1-10 scale, and multiple-choice formats) spanning 16 workplace topics. Each answer is then given a numerical score and compared to companies of similar size. The final data set of winners are compiled from over 15 million ratings across 70,000 companies.
About Comparably
Comparably is a leading workplace culture site and corporate brand reputation platform with over 15 million anonymous employee ratings on 70,000 companies. With the most comprehensive data on large and SMB organizations in nearly 20 workplace categories – based on gender, ethnicity, age, experience, industry, location, education – it is one of the most used SaaS platforms for employer branding and a trusted third-party employee review site for workplace culture and compensation.
About Pearce Services
Pearce Services, founded in 1998, is a leading national provider of operations, maintenance, and engineering services for mission-critical infrastructure. Pearce offers innovative, technology-enabled services for telecom, wind, solar, electric vehicle (EV), and energy storage system infrastructure customers safely around-the-clock. With nationwide coverage, we can deploy our highly trained technicians quickly and efficiently to provide unmatched response times, safety, quality, and consistent service for distributed, mission-critical assets. Pearce’s engineering and support teams use sophisticated software, analytics, and detailed safety plans to support our technical experts in the field. Constant innovation and close collaboration with our customers are a hallmark of our service. To learn more about Pearce Services and Pearce Renewables, visit www.pearce-services.com or www.pearce-renewables.com.
Media: Erin MacKenzie, This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Global Mud Bucket for Oil & Gas Market By Location (Onshore, Offshore), By Type (Hydraulic, Pneumatic), By Well Type (Horizontal, Vertical), By Height (6 Feet, 4 Feet, 3 Feet), By Region, Competition Forecast & Opportunities, 2028" report has been added to ResearchAndMarkets.com's offering.
The global mud bucket for oil & gas market is projected to grow at a significant CAGR during the forecast period, 2023-2027. The market growth can be attributed to the rising concerns for mud spills during oil excavation activities. Besides, increasing demand for the safety and security of the oil production to ensure maximum excavation and reduce oil loss is anticipated to boost the global mud bucket for oil & gas market in the coming years.
Oil spills are a serious source of concern for the diminishing environment. Mud buckets are preventative gear that saves the environment from pollution caused by excessive oil spills, therefore keeping the environment safe and avoiding any unintentional falls or oil waste during the excavation method.
The increasing amount of inadvertent oil spilled on the floor, onshore, or in waterbodies during offshore oil extraction activities are driving up demand for mud buckets.
Avoiding oil spills and rising concerns about the negative impact of oil spills is expected to boost the expansion of the global mud bucket for oil and gas industry in the next five years. Despite the fact that oil spills have dropped significantly in recent decades, worries remain the same since oil spills result in significant financial losses as well as environmental deterioration.
Oil spills in water are even more problematic since spilled oil in the oceans has a significant impact on marine life. The spilt oil produces a thick coating over the water bodies, preventing sunlight from reaching beneath and harming marine life. Fouling affects sea creatures because the oil covers them, preventing them from moving or breathing and ultimately killing them. Also, oil toxicity is a primary source of serious health issues in marine life, and sea food that is subsequently taken by people causes health problems in them as well.
The global mud bucket for oil & gas market is segmented on the basis of location, type, well type, height, regional distribution, and competitive landscape. Based on location, the market is divided between onshore and offshore location. The onshore location is expected to dominate the global mud bucket for oil & gas market, owing to the increasing concerns regarding oil spills over drill floors and rising onshore reservoirs.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, global mud bucket for oil & gas market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Mud Bucket For Oil & Gas Market, By Location:
Mud Bucket For Oil & Gas Market, By Type:
Mud Bucket For Oil & Gas Market, By Well Type:
Mud Bucket For Oil & Gas Market, By Height:
Mud Bucket For Oil & Gas Market, By Region:
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Impact of COVID-19 on Global Mud Bucket for Oil & Gas Market
5. Voice of Customers
6. Overview on Mud Bucket for Oil & Gas Rental Market
7. Global Mud Bucket for Oil & Gas Market Outlook
8. North America Mud Bucket for Oil & Gas Market Outlook
9. Asia-Pacific Mud Bucket for Oil & Gas Market Outlook
10. Europe Mud Bucket for Oil & Gas Market Outlook
11. South America Mud Bucket for Oil & Gas Market Outlook
12. Middle East & Africa Mud Bucket for Oil & Gas Market Outlook
13. Market Dynamics
14. Market Trends & Developments
15. Company Profiles
16. Strategic Recommendations
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/o3mn3l
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Green Hydrogen, Machine Learning, and Digital Twins Among Clean Energy Innovations Showcased at Annual Innovation Forum
ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID (NYSE: AGR), a leading sustainable energy company and part of the Iberdrola Group, hosted its sixth annual Innovation Forum yesterday, entitled “Accelerating the Transformation”, which featured some of AVANGRID’s most innovative approaches to converting the grid to green power.
“We are at an unprecedented moment in our world’s history,” said Pedro Azagra, AVANGRID Chief Executive Officer. “The global community has acknowledged the risks posed by climate change, and together AVANGRID and Iberdrola have an important role in the collective effort to transition to clean, sustainable energy.“The clean energy transformation presents new and difficult challenges as well as valuable opportunities. Today, we saw an amazing demonstration of how our company is innovating to meet those challenges and seize these opportunities for the benefit of our customers, our communities and our shareholders.”
Former Connecticut Department of Energy and Environmental Protection Commissioner Robert Klee kicked off the event with a keynote talk describing how clean energy policy can be a catalyst for private-sector innovation. Klee’s talk drew insights from his time as a state energy policy leader and from his current role as Managing Director of Clean Energy Programming at Yale Center for Business and the Environment. “The climate crisis requires urgent action from a policy, innovation, and capital deployment perspective,” said Klee. “Companies like AVANGRID and Iberdrola bring opportunities for global innovation to accelerate the energy transformation in the United States.”
Energy-sector innovations showcased by AVANGRID, the country’s third largest renewables operator, included “digital twins” for onshore wind gearboxes that predict wear-and-tear on mechanical components and automatically trigger precautionary maintenance to minimize downtime for the renewable power generators.
The company’s networks business, which serves more than 3 million customers across Connecticut, Maine, Massachusetts and New York, showed how tapping into images from low-earth satellites can provide high-resolution images of the electrical distribution network to gain insights for better storm response and vegetation management that were previously costly and difficult to acquire.
“As an academic and a research scientist specializing in the optimization of large-scale energy systems, I’m pleased to see an industry partner like AVANGRID putting so much emphasis on innovation in the renewables sector,” said Andy Sun, who is the Iberdrola-AVANGRID Professor in Electric Power Systems at the MIT Sloan School of Management. Sun co-led a panel discussion with other leading energy researchers on the next phase of technology disruption facing the sector. The panel was also led by Emmanouil Anagnostou, Dean for Research of the School of Engineering at the University of Connecticut and the Founding Director of the Eversource Energy Center, and by Manel Martinez, Endowed Chair and Professor in the Department of Electrical and Computer Engineering at The University of New Mexico and a member of the NM SMART Grid Center Decision Support Research Group.
AVANGRID invested more than $90 million on energy innovation projects in 2021 and is on track to increase that investment this year. The company operates approximately 8.4 GW of wind and solar generation and is a leader in the emerging offshore wind industry with 2.4 GW contracted, including its landmark 800 MW Vineyard Wind 1 project, a 50/50 joint venture with Copenhagen Infrastructure Partners.
AVANGRID and global partner Iberdrola also highlighted their growing portfolio of state-of-the-art green hydrogen projects targeted at decarbonizing heavy transportation, and hard-to-electrify energy intensive industrial processes like fertilizer manufacturing for the agricultural sector. Agustin Delgado, Iberdrola Chief Innovation Officer, and Santiago Bañales, Managing Director of Iberdrola Innovation Middle East, also participated and presented at the event.
“AVANGRID and Iberdrola have consistently been ahead of the curve in the development of renewable energy markets, from onshore wind to offshore wind, and now the same is true for green hydrogen, which is truly a promising tool for the global goal of decarbonization,” said Azagra. “We’re bolstered in our dedication to lead the green hydrogen market by the tremendous interest and support the Biden Administration is providing through its Hydrogen Hubs initiative and landmark clean energy legislation.”
In addition to next-gen technology, the annual innovation event also celebrated the next generation of talent, headlined by the more than 30 students from Cornell, UConn, Harvard, MIT, Rochester Institute of Technology and Yale who participated in the AVANGRID Innovation Challenge and the company’s inaugural Clean Energy Hackathon event. Both the Innovation Challenge and the Hackathon paired teams of students with AVANGRID subject matter experts to develop solutions to some of the energy sector’s biggest challenges. Challenge winners receive a $10,000 tuition scholarship and the Hackathon provides cash prizes to first-, second- and third-place student teams. This year’s winning Innovation Challenge team was led by Shiang-Wan Chin and Akshay Ajagekar, PhD candidates at Cornell University, who developed a case study exploring the applications and impact of quantum computing for the utility and renewable energy sectors. The Hackathon winners were Nick Page, Perry Bakas, and Himanshu Krishman, MBA candidates from the Yale School of Management, who delivered a data-driven solution to the problem of strategically deploying electric vehicle charging stations in just 32 hours of number crunching.
“Leading change requires us to invest in innovation and the talent and technology that drives it,” Azagra said. “The path to a cleaner future depends on our ability to modernize and expand our grid infrastructure – the backbone of our country’s energy system. As such, AVANGRID will play a central role in enabling this transformation. The work we do is vitally important to shaping the world in which we live.”
About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $40 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs more than 7,000 people and has been recognized by JUST Capital in 2021 and 2022 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2022, AVANGRID ranked second within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2022 for the fourth consecutive year by the Ethisphere Institute. AVANGRID is a member of the group of companies controlled by Iberdrola, S.A. For more information, visit www.avangrid.com.
About Iberdrola: Iberdrola is one of the world's biggest energy companies and a leader in renewables, spearheading the energy transition to a low carbon economy. The group supplies energy to almost 100 million people in dozens of countries. With a focus on renewable energy, smart networks and smart solutions for customers, Iberdrola’s main markets include Europe (Spain, the United Kingdom, Portugal, France, Germany, Italy and Greece), the United States, Brazil, Mexico and Australia. The company is also present in growth markets such as Japan, Taiwan, Ireland, Sweden and Poland, among others.
With a workforce of nearly 40,000 and assets in excess of €141.7 billion, across the world, Iberdrola helps to support 400,000 jobs across its supply chain, with annual procurement of €12.2 billion. A benchmark in the fight against climate change, Iberdrola has invested more than €130 billion over the past two decades to help build a sustainable energy model, based on sound environmental, social and governance (ESG) principles.
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Diversified portfolio of high quality, cash flowing LNG projects establish foundation for MidOcean Energy
WASHINGTON--(BUSINESS WIRE)--MidOcean Energy (“MidOcean”), an LNG company formed and managed by EIG, a leading institutional investor in the global energy and infrastructure sectors, today announced that it has entered into a definitive agreement with Tokyo Gas Co., Ltd (“Tokyo Gas”) to acquire Tokyo Gas’ interests in a portfolio of four Australian integrated LNG projects.
Under the terms of the agreement, MidOcean will acquire Tokyo Gas’ interests in Gorgon LNG, Ichthys LNG, Pluto LNG and Queensland Curtis LNG for total cash consideration of US$2.15 billion. These integrated projects span Australia’s western and eastern seaboard and are major suppliers of LNG to Asia, with a diverse set of long-dated take or pay contracts with investment grade counterparties, and to Australia’s domestic gas markets. The portfolio is expected to generate approximately 1 million tonnes per annum of LNG net to MidOcean, production that is underpinned by long-life reserves and a globally competitive cost structure. The portfolio benefits from experienced operators, including Chevron, INPEX, Woodside and Shell, and spans the LNG value chain from upstream operations to midstream, liquefaction and sales.
The acquisition marks the launch of MidOcean’s strategy to build a high-quality, diversified, global ‘pure play’ integrated LNG company and leverages EIG’s extensive investing experience in the global LNG sector, underpinned by several billion dollars of commitments to multiple LNG projects over the past 20 years, most recently including the acquisition of a controlling interest in GNL Quintero S.A., the largest LNG regasification terminal in Chile. The transaction is also in-line with the Tokyo Gas Group’s Management Vision, “Compass 2030”, where Tokyo Gas continues to demonstrate leadership in the transition to Net-Zero CO2 emissions.
R. Blair Thomas, EIG’s Chairman and CEO, said, “The launch of MidOcean reflects our deep belief in LNG as a critical enabler of the energy transition and the growing importance of LNG as a geopolitically strategic energy resource. We believe this transaction provides MidOcean with a foundational portfolio of cost-advantaged integrated LNG assets in a low-risk jurisdiction, ideally positioned to supply key customers in Japan, Asia and across the globe for decades to come.”
In June 2022, EIG announced that LNG veteran De la Rey Venter, formerly with Shell, joined MidOcean as Chief Executive Officer, bringing 25 years of experience in global LNG operating, dealmaking and business leadership.
Mr. Venter said, “With today’s announcement, MidOcean is taking the first step toward realizing its vision to build a material pure play LNG business that we expect will support the world’s transition to a Net Zero future. We see a number of opportunities to further expand MidOcean’s position in supplying LNG markets around the world and look forward to working with our new partners and customers.”
The transaction is expected to close in first half of 2023, subject to customary closing conditions, including Australian regulatory approvals.
Barrenjoey, Barclays and JP Morgan acted as EIG’s financial advisors in connection with this transaction and White & Case acted as EIG’s legal advisor.
About EIG
EIG is a leading institutional investor in the global energy and infrastructure sectors with $24.0 billion under management as of June 30, 2022. EIG specializes in private investments in energy and energy-related infrastructure on a global basis. During its 40-year history, EIG has committed over $41.5 billion to the energy sector through over 387 projects or companies in 38 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. For additional information, please visit EIG’s website at www.eigpartners.com or MidOcean’s website at www.midoceanenergy.com.
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DUBLIN--(BUSINESS WIRE)--The "Canada Renewable Energy Policy Handbook, 2022 Update" report has been added to ResearchAndMarkets.com's offering.
The report offers comprehensive information on major policies governing the renewable energy market in the country.
The report discusses renewable energy targets and plans along with the present policy framework, giving a fair idea of overall growth potential of the renewable energy industry. The report also provides major technology specific policies and incentives provided in the country.
The report is built using data and information sourced from industry associations, government websites, and statutory bodies. The information is also sourced through other secondary research sources such as industry and trade magazines.
Scope
Reasons to Buy
Key Topics Covered:
1. Renewable Energy Market, Canada, Overview
1.1 Renewable Energy Targets
2. Federal Programs, Canada
2.1 New Federal Tax Policy
2.2 New Carbon Tax
2.3 Federal Incentive Programs
2.4 Hydrogen Energy
3. Renewable Energy Policy Framework, Alberta
3.1 Climate Leadership Plan (CLP)
3.2 Renewable Energy Program (REP) - Auctions
3.3 Net Metering
3.4 Technology Innovation and Emissions Reduction (TIER) Regulation
3.5 Financial Incentives and Policy Support for Solar
3.6 Financial Incentives and Policy Support for Wind
4. Renewable Energy Policy Framework, British Columbia
4.1 Clean Energy Act
4.2 Hydro Net Metering
4.3 Climate Change Accountability Act
4.4 CleanBC Plan
4.5 Carbon pricing
4.6 Innovative Clean Energy Fund
4.7 B.C Hydrogen Strategy
5. Renewable Energy Policy Framework, Manitoba
5.1 Climate and Green Plan
5.2 Clean Energy Strategy
5.3 Residential Earth Power Loan
5.4 Green Energy Equipment Tax Credit
6. Renewable Energy Policy Framework, New Brunswick (NB)
6.1 Climate Change Action Plan
6.2 New Brunswick Regulation 2015-60
6.3 Renewable Portfolio Standard
6.4 Net Metering
6.5 Community Renewable Energy
6.6 Large industrial renewable energy purchase program
7. Renewable Energy Policy Framework, Newfoundland and Labrador
7.1 2007 Energy Plan
7.2 Net Metering
7.3 Biogas Electricity Generation Program
8. Renewable Energy Policy Framework, Northwest Territories (NWT)
8.1 2030 Energy Strategy: The Energy Action Plan (2018-2021)
8.2 Arctic Energy Alliance (AEA)
8.3 Net Metering
9. Renewable Energy Policy Framework, Nova Scotia
9.1 Renewable Electricity Plan, 2010
9.2 Renewable Electricity Standard Regulations
9.3 Updated Renewables Target
9.4 Business Plan 2021-2022
9.5 Cap and Trade Program
9.6 Net Metering
9.7 Renewable to Retail Program
9.8 Marine Renewable Energy Act
9.9 Solar Energy Programs and Projects
9.10 Community Economic Development Investment Fund (CEDIF)
10. Renewable Energy Policy Framework, Ontario
10.1 Green Energy Repeal Act, 2018
10.2 Bill 34
10.3 Long Term Energy Plan, 2017
10.4 Climate Change Mitigation and Low-carbon Economy Act
10.5 Net Metering
11. Renewable Energy Policy Framework, Prince Edward Island (PEI)
11.1 Provincial Energy Strategy (2016)
11.2 Tax exemption
11.3 Clean Energy Price Incentive
11.4 Net metering
11.5 Solar Electric Rebate Program
11.6 Energy Saving Bonds
11.7 Climate Change Action Plan 2018-2023
12. Renewable Energy Policy Framework, Quebec
12.1 Energy Policy 2030
12.2 2018-2023 Action Plan
12.3 Net Metering
13. Renewable Energy Policy Framework, Saskatchewan
13.1 Renewable Energy Targets
13.2 Request for qualification (RFQ) & Request for proposal (RFP) Process
13.3 Net Metering Program
14. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/aaohx6
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Laura Wood, Senior Press Manager
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