Business Wire News

TORONTO--(BUSINESS WIRE)--Superior Plus Corp. (“Superior”) (TSX:SPB):


October 2022 Cash Dividend - $0.06 per share

Superior Plus Corp. (“Superior”) today announced its cash dividend for the month of October 2022 of $0.06 per share payable on November 15, 2022. The record date is October 31, 2022, and the ex-dividend date will be October 28, 2022. Superior’s annualized cash dividend rate is currently $0.72 per share. This dividend is an eligible dividend for Canadian income tax purposes.

About the Corporation

Superior is a leading North American distributor and marketer of propane and distillates and related products and services, servicing approximately 890,000 customer locations in the U.S. and Canada.

For further information about Superior, please visit Superior’s website at: www.superiorplus.com or contact: Beth Summers, Executive Vice President and Chief Financial Officer, Tel: (416) 340-6015, or Rob Dorran, Vice President, Capital Markets, Tel: (416) 340-6003, E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it., Toll-Free: 1-866-490-PLUS (7587).

Forward-Looking Information

This news release contains certain forward-looking information and statements based on Superior’s current expectations, estimates, projections and assumptions in light of its experience and perception of historical trends. In this news release, such forward-looking information and statements can be identified by terminology such as “will,” "expects," "annualized," and similar expressions.

In particular, this news release contains forward-looking statements and information relating to future dividends, which may be declared on Superior’s common shares, the dividend payment, the tax treatment thereof, and the receipt of cash dividends. These forward-looking statements are being made by Superior based on certain assumptions that Superior has made in respect thereof as at the date of this news release regarding, among other things: the success of Superior’s operations; prevailing commodity prices, margins, volumes and exchange rates; that Superior’s future results of operations will be consistent with past performance and management expectations in relation thereto; the continued availability of capital at attractive prices to fund future capital requirements; future operating costs; that any required commercial agreements can be reached; that all required regulatory and environmental approvals can be obtained on the necessary terms promptly. These forward-looking statements are not guarantees of future performance and are subject to several known and unknown risks and uncertainties, including, but not limited to: the regulatory environment and decisions; non-performance of agreements in accordance with their terms; the impact of competitive entities and pricing; reliance on key industry partners and agreements; actions by governmental or regulatory authorities including changes in tax laws and treatment, or increased environmental regulation; adverse general economic and market conditions in Canada, North America and elsewhere; fluctuations in operating results; labour and material shortages; and certain other risks detailed from time to time in Superior’s public disclosure documents including, among other things, those detailed under the heading "Risk Factors" in Superior’s management's discussion and analysis and annual information form for the year ended December 31, 2021, which can be found at www.sedar.com.

Accordingly, readers are cautioned that events or circumstances could cause results to differ materially from those predicted, forecasted or projected. Such forward-looking statements are expressly qualified by the above statements. Superior does not undertake any obligation to publicly update or revise any forward looking statements or information contained herein, except as required by applicable laws.


Contacts

Beth Summers
Executive Vice President and Chief Financial Officer
Tel: (416) 340-6015

Rob Dorran
Vice President, Capital Markets
Tel: (416) 340-6003
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Toll-Free: 1-866-490-PLUS (7587)

VALLEY FORGE, Pa.--(BUSINESS WIRE)--#Earnings--UGI Corporation (NYSE: UGI) will announce the results of its fiscal year 2022 earnings after the market closes on November 17. The company will hold a live internet audio webcast of its conference call to discuss the fiscal year 2022 results, key strategic priorities for fiscal 2023, its financial outlook and other business updates. The live webcast will take place at 9:00 AM ET on Friday, November 18.


Interested parties may listen to the audio webcast both live and in replay on the Internet at https://www.ugicorp.com/investors/financial-reports/events-and-presentations or by visiting the company website https://www.ugicorp.com and clicking on “Investors” and then “Events and Presentations.”

About UGI

UGI Corporation is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, natural gas utilities in West Virginia, distributes LPG both domestically (through AmeriGas) and internationally (through UGI International), manages midstream energy assets in Pennsylvania, Ohio, and West Virginia and electric generation assets in Pennsylvania, and engages in energy marketing, including renewable natural gas, in the Mid-Atlantic region of the United States and California, and internationally in France, Belgium, the Netherlands and the UK.

Comprehensive information about UGI Corporation is available on the Internet at https://www.ugicorp.com.


Contacts

INVESTOR RELATIONS
610-337-1000
Tameka Morris, ext. 6297
Arnab Mukherjee, ext. 7498
Shelly Oates, ext. 3202

Former shipyard transformed into global logistics hub

AVONDALE, La.--(BUSINESS WIRE)--T. Parker Host (Host) announced the grand opening of the former Avondale Shipyards as Avondale Global Gateway. The former shipyard has been transformed during the past four years since its acquisition into a global logistics hub for intermodal commerce.



Situated on the Mississippi River, Avondale Global Gateway combines river, road and rail connections with ample storage and laydown space with a strategic location. Accommodating ships, barges, rail and trucks, the site offers immediate access to regional and interstate highway systems and is positioned at the interchange of six Class I railroads, creating capability to distribute cargo in all directions. Space is plentiful at Avondale, with almost 300 acres for development directly ashore and 1.5 million square feet of convertible warehouse or manufacturing space, including indoor and outdoor Foreign Trade Zone storage.

“I am proud to be part of the Host team that took on the herculean task of transforming the former shipyard upon our acquisition in 2018,” Adam Anderson, chairman & CEO of T. Parker Host, said. “We have taken a site with great bones and repurposed it into a working, world-class multi-modal terminal with fully operating docks, working buildings and rail access at the site for the first time in half a century. Renaming the site to Avondale Global Gateway better represents what Avondale is now and will become as we continue our efforts.”

Since beginning cargo operations in 2020, Host has moved well over a million tons of breakbulk, bulk and project cargo across the docks and now has 300 employees on-site to support this continued growth with the expectation of hiring another 50 employees before the end of the year. Host has invested over $100 million in the redevelopment of the site and up to $1 billion in capital investments is expected by Host and current and future tenants, according to a recent economic impact study released by Dr. Stephen Barnes, director of the Kathleen Babineaux Blanco Public Policy Center. The master plan is expected to create a total economic impact of $32 billion in output and increase Louisiana payrolls by $8.6 billion by 2027.

“We felt the responsibility of bringing this site back into commerce in a way that pays tribute to its pasts and its connection to this community. The next phase of our redevelopment is to bring on anchor tenants that add value to Avondale,” said Anderson. “Now that we are open and fully capable of handling cargo with our cranes, docks and transportation connections we are looking to the future and how we can add value to the region in the form of jobs and economic development.”

Avondale has a long history as one of the state’s top economic drivers and at one point was home to the largest employer in the State of Louisiana. Before the 2018 acquisition by Host and Hilco Redevelopment Partners (Hilco), the site had fallen into disrepair with no docks, no rail connections and dilapidated buildings. Host worked through the challenges of record high water on the Mississippi River, which restricted work on all waterfront properties, and the COVID-19 pandemic transforming the idle site into a global economic gateway.

About T. Parker Host and Avondale Global Gateway

T. Parker Host is a total solutions provider for the maritime industry, specializing in agency services, terminal operations, stevedoring and marine assets. Founded in 1923 and guided by its Core Principles, the company has developed a strong reputation in the maritime community for its expertise, transparency and high standards of service. The entire HOST team focuses on customer needs while adding value to every operation. In 2018, HOST acquired the former Avondale Shipyard located at mile 108 of the Mississippi River. Learn more at www.tparkerhost.com.


Contacts

April Catarella
504-577-7390
This email address is being protected from spambots. You need JavaScript enabled to view it.

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) announced today that it will host its third quarter 2022 financial results conference call on Thursday, November 3rd at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). The Company’s earnings will be released the day before the conference call following the market close.


We encourage participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10171364/f48809c260. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to and after the call start time.

To participate in CRC’s conference call, either dial (877) 328-5505 (International callers please dial +1-412-317-5421) or access the webcast at www.crc.com. A digital replay of the conference call will be archived for approximately 90 days and available on the Investor Relations page at www.crc.com.

About California Resources Corporation (CRC)

California Resources Corporation (CRC) is an independent oil and natural gas company committed to energy transition in the sector. CRC has some of the lowest carbon intensity production in the US and we are focused on maximizing the value of our land, mineral and technical resources for decarbonization by developing carbon capture and storage (CCS) and other emissions reducing projects.


Contacts

Joanna Park (Investor Relations)
818-661-3731
This email address is being protected from spambots. You need JavaScript enabled to view it.

Richard Venn (Media)
818-661-6014
This email address is being protected from spambots. You need JavaScript enabled to view it.

AUSTIN, Texas--(BUSINESS WIRE)--#Canada--CLEAResult, the largest provider of energy efficiency services in Canada for residential and commercial and industrial (C&I) customers, is gearing up to quickly support the new and expanded energy savings programs announced by Ontario’s Ministry of Energy, Todd Smith, on Tuesday. The ministerial directive increased funding for the Independent Electricity System Operator’s (IESO) energy efficiency programs by $342 million, bringing the total budget to over $1 billion, and introduced two new initiatives aimed at lowering costs for consumers and improving grid reliability.


Energy efficiency remains the cleanest and most cost-effective solution for Canada’s rising electricity demand, and the additional funding is further validation of the past success and tremendous potential of energy efficiency in Ontario. The expansion is expected to begin in Spring 2023 with a new residential demand response program that pays people to save energy, targeted support for greenhouse growers in southwest Ontario, plus enhancements to Save On Energy’s existing Business Retrofit and Local Initiatives Programs.

CLEAResult works with households and businesses across Ontario every day to reduce their energy costs in support of the IESO’s current programs. “We're thrilled to see Minister Smith continue to invest in securing reliable, affordable electricity for Ontarians through comprehensive energy efficiency initiatives," said Ryan Shaw, CLEAResult’s Senior Vice President of Client Delivery in Canada. “Long-term grid reliability is the goal, and we’re honored to be a part of the solution. Our role is to make sure people see the benefits—from saving money to keeping their businesses competitive—the positive impacts of this decision will be felt by everyone.”

The company’s recent partnerships, acquisitions and experience in Canada give the team great confidence in their ability to turn the announcement into action. “Spring is coming fast, but we’ll be more than ready,” Shaw added.

Over the summer, CLEAResult acquired Ecofitt to expand their residential capabilities in Canada. The company also acquired ChooseEV earlier this year, an industry-leading provider of educational tools and resources for businesses and individuals looking to adopt electric vehicles as part of their sustainability efforts.

More recently, CLEAResult announced a partnership with distributed energy resource leader, Virtual Peaker, to provide customer-friendly demand response solutions designed with scale in mind. The company has also been an active partner in implementing many C&I efficiency programs throughout Canada, including support for various demand response initiatives over the past year.

“Our team is looking for every opportunity to invest in, develop and train a skilled workforce to support Ontario’s energy efficiency needs,” Shaw emphasized. “It’s the fastest way to reliably meet demand and get savings into people’s hands.”

In total, these new initiatives are estimated to save consumers over $650 million in energy costs by 2025 and reduce greenhouse gas emissions by three million tonnes over the lifetime of the improvements. CLEAResult’s commitment to reaching net zero by 2025 is well-aligned with Ontario’s sustainability and climate goals. The company also offers carbon consulting services for other organizations looking to accelerate their energy efficiency and decarbonization efforts.

Visit clearesult.ca to see all the ways people, business, municipalities and more can save energy in Canada.

About CLEAResult

CLEAResult is the largest provider of energy efficiency, energy transition and decarbonization solutions in North America. Since 2003, our mission has been to change the way people use energy. Today, our experts lead the transition to a sustainable, equitable, and carbon-neutral future for our communities and our planet. Our hometown teams collaborate with a diverse network of local partners to deliver world-class technology and personalized services that make it easy for commercial and industrial businesses, governments, utilities and residential customers to reduce their energy use and carbon footprint. CLEAResult is headquartered in Austin, Texas, and has over 2,400 employees in more than 60 cities across the U.S. and Canada. CLEAResult is majority owned by TPG through its middle market and growth equity investment platform TPG Growth and its multi-sector global impact investing strategy The Rise Fund.

Explore all our energy solutions at clearesult.ca.

Follow us on: Facebook | LinkedIn | Twitter | Instagram


Contacts

This email address is being protected from spambots. You need JavaScript enabled to view it.
Amber Tester
Director Corporate Communications

HOUSTON--(BUSINESS WIRE)--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) announced today that it will hold a conference call on Wednesday, October 26, 2022, at 12:00 p.m. Eastern Time to discuss its third quarter 2022 earnings release.


To phone into the conference call, participants should register in advance using this link to receive a unique PIN and dial-in number. This conference call and subsequent replay will also be accessible by webcast (audio only) on Hess Midstream’s website at www.hessmidstream.com.

About Hess Midstream

Hess Midstream is a fee-based, growth-oriented, midstream company that owns, operates, develops and acquires a diverse set of midstream assets to provide services to Hess and third-party customers. Hess Midstream owns oil, gas and produced water handling assets that are primarily located in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota. More information is available at www.hessmidstream.com.

Forward Looking Statements

This press release may include forward-looking statements within the meaning of the federal securities laws. Generally, the words “anticipate,” “estimate,” “expect,” “forecast,” “guidance,” “could,” “may,” “should,” “believe,” “intend,” “project,” “plan,” “predict,” “will” and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results and current projections or expectations. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the filings made by Hess Midstream with the U.S. Securities and Exchange Commission, which are available to the public. Hess Midstream undertakes no obligation to, and does not intend to, update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.


Contacts

Investor Contact:
Jennifer Gordon
(212) 536-8244

Media Contact:
Robert Young
(713) 496-6076

STEM students can earn $50,000 scholarship, paid summer internship with Southern California Edison

ROSEMEAD, Calif.--(BUSINESS WIRE)--High school seniors with big dreams who want to make a difference in the world through the study of science, technology, engineering or math (STEM) are invited to become Edison Scholars. Edison International is accepting applications for the $1.5 million scholarship program through Dec. 9. Students can see if they are eligible and apply at edisonscholars.com.


Each year, Edison International awards scholarships to 30 high school seniors who live in Southern California Edison’s service area. This year, the scholarship award amount has increased from $40,000 to $50,000, paid over four years. In addition, Edison Scholars are now eligible for a paid summer internship with SCE upon completing their first year of school. Scholars must meet the minimum eligibility requirements and complete the required hiring screening.

“I am so pleased that we are expanding the Edison Scholars Program by increasing the scholarship amount and giving the students an opportunity to work as a paid intern,” said Pedro J. Pizarro, president and CEO of Edison International. “The passion, resiliency and commitment of our Edison Scholars to follow their dreams is incredibly inspiring. We will need the next generation of STEM students to help lead society’s transition to a clean energy future. I encourage high school seniors from all backgrounds to apply for the Edison Scholars Program.”

Applicants must live in SCE’s service area and plan to be a full-time undergraduate student majoring in a STEM field, cybersecurity or data analytics. Eligible students also must have at least a cumulative 3.0 GPA and demonstrate financial need. SCE encourages students from underserved communities, underrepresented groups and first-generation college students to apply.

Edison International has awarded more than $13.5 million in scholarships to 730 students through the Edison Scholars Program since 2006. Edison International, the parent company of SCE, is one of the largest corporate philanthropic contributors in Southern California. The Edison Scholars Program is funded entirely by Edison International shareholders. SCE customers’ utility bill payments do not fund company donations.

About Edison International

Edison International (NYSE: EIX) is one of the nation’s largest electric utility holding companies, providing clean and reliable energy and energy services through its independent companies. Headquartered in Rosemead, California, Edison International is the parent company of Southern California Edison Company, a utility that delivers electricity to 15 million people across Southern, Central and Coastal California. Edison International is also the parent company of Edison Energy, a global energy advisory company delivering comprehensive, data-driven energy solutions to commercial and industrial users to meet their cost, sustainability and risk goals.


Contacts

Media Contact: Diane Castro, (626) 302-2255

VERNAL, Utah--(BUSINESS WIRE)--Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or the “Company”), a designer and manufacturer of drilling tool technologies, announced that Troy Meier, Chairman and Chief Executive Officer, and Christopher Cashion, Chief Financial Officer, will present and be available for investor meetings, at the MicroCap Rodeo Windy City Roundup conference in Chicago on Wednesday, October 12, 2022.


The Company’s presentation will begin at 5:00 pm Eastern Time (4:00 pm CT). A link to the webcast, along with presentation materials, will be available at https://www.sdpi.com/Events, and through the conference at https://www.webcaster4.com/Webcast/Page/2924/46721. An archive of the presentation will be accessible on the Company website following the conference.

About Superior Drilling Products, Inc.

Superior Drilling Products, Inc. is an innovative, cutting-edge drilling tool technology company providing cost saving solutions that drive production efficiencies for the oil and natural gas drilling industry. The Company designs, manufactures, repairs and sells drilling tools. SDP drilling solutions include the patented Drill-N-Ream® wellbore conditioning tool and the patented Strider oscillation system technology. In addition, SDP is a manufacturer and refurbisher of PDC (polycrystalline diamond compact) drill bits for a leading oil field service company. SDP operates a state-of-the-art drill tool fabrication facility, where it manufactures its solutions for the drilling industry, as well as customers’ custom products. The Company’s strategy for growth is to leverage its expertise in drill tool technology and innovative, precision machining in order to broaden its product offerings and solutions for the oil and gas industry.

Additional information about the Company can be found at: www.sdpi.com.


Contacts

Investor Relations:
Deborah K. Pawlowski
Kei Advisors LLC
(716) 843-3908
This email address is being protected from spambots. You need JavaScript enabled to view it.

Grants of up to $450,000 each designed to support families and businesses facing economic challenges and improve clean energy access

CHICAGO--(BUSINESS WIRE)--To help connect northern Illinois families and businesses to climate-friendly programs and related services, ComEd today announced the selection of the nonprofit organizations that will administer nearly $1.4 million in grants through the energy company’s new Climate-Friendly Grant Assistance program.

Grants in 2022 have been awarded to Community Investment Corporation (CIC), Equiticity and Proviso Leyden Council for Community Action (PLCCA) to either expand and improve access to climate-friendly programs across northern Illinois, or partner with local organizations to provide business advisory and consulting services in the administration of these programs. Governmental reports show climate change disproportionally impacts under-resourced communities.

As a long-time member of the community, ComEd is proud to support agencies that are stepping up to fill the gap created by the pandemic, the economy and other world events,” said Melissa Washington, senior vice president of customer operations and chief customer officer, ComEd. “I was impressed with the quality of proposals submitted to lift up both families and local businesses and ensure everyone shares in the benefits of clean energy.”

In July, ComEd announced one-time grants of up to $450,000 to organizations offering clean energy-focused assistance programs, with an emphasis on low-income customers in communities ComEd serves. Twenty-one nonprofits applied to the first-year program. Eligible nonprofit candidates were required to be 501(c)(3) certified, serve the northern Illinois ComEd service territory, and support diversity, equity, and inclusion practices.

Community Investment Corporation (CIC): As one of the region’s leading lenders of privately-owned, naturally occurring affordable housing and neighborhood revitalization, CIC looks to build vibrant communities, strengthen local businesses, and provide well maintained homes for families. CIC serves as a one-stop resource for local owner-operators and property managers of affordable rental housing. With its grant, CIC plans to work with local owner-operators of multi-family buildings in Chicago’s South and West sides to provide education, increase capacity and support climate resiliency measures; all of which will improve housing units for low- and moderate-income tenants living in these buildings.

For nearly fifty years, CIC has championed the preservation of affordable rental housing, and I am thrilled that this grant will broaden access to clean energy resources for the small, local and minority-owned businesses that we work with,” said Stacie Young, President and CEO of CIC. “Improving a rental building’s resiliency and performance is critical for preserving affordability and maintaining high-quality units for tenants. This partnership with ComEd will create a path for Chicago’s small operators to invest in critical building improvements, participate in the clean energy economy, and address the impact of climate hazards on the housing industry.”

Equiticity: This Chicago-based racial equity movement works to operationalize racial equity by harnessing its collective power – through research, advocacy, programs, Community Mobility Rituals and social enterprises – to improve the lives of Black, Brown and Indigenous people across the U.S. With its grant, Equiticity will create a Mobility Opportunities Fund, which will provide stipends that help limited-income Black and Brown residents of North Lawndale, on Chicago’s West Side, purchase climate-friendly transportation, including conventional bicycles, e-bikes, e-cargo bikes and electric vehicles. Equiticity will also offer education programs to recipients of the stipends, as well as low- to no-cost repair services for bikes and e-bikes. Repair services will be performed by young people who are part of Equiticity’s training programs.

Equiticity’s Mobility Opportunities Fund will begin to close the mobility equity gap for residents of North Lawndale, where people are at risk of being left behind by the transportation revolution in our society,” explains Equiticity President & CEO Olatunji Oboi Reed. “With support from ComEd, we will begin to shift our communities to climate-friendly modes of transportation which promote economic opportunity and improve quality of life.”

Proviso Leyden Council for Community Action (PLCCA): Established in 1968 to administer workforce development programs to low-income residents, PLCCA will use its grant to support five nonprofits in hiring and training northern Illinois residents who will become educated and certified in the solar installation process and serve as ambassadors to inform communities about the benefits of solar.

The Proviso Leyden Council for Community Action looks forward to partnering with ComEd to continue our mission of service to our community,” said Bishop Dr. Claude Porter, PLCCA president and CEO. “Promoting renewable energy will not only bring environmental benefits to those who have disproportionately suffered from the effects of fossil fuels, but it will also provide long term job opportunities for careers in the growing solar industry. We are excited to advance the cause of justice while doing our part to protect the planet.”

ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 200 energy company with approximately 10 million electricity and natural gas customers – the largest number of customers in the U.S. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com and connect with the company on Facebook, Twitter, Instagram and YouTube.


Contacts

ComEd Media Relations
312-394-3500

PLANO, Texas--(BUSINESS WIRE)--#blueoil--Denbury Inc. (NYSE: DEN) (“Denbury” or the “Company”) plans to issue its Third Quarter 2022 financial and operating results prior to the market opening on Thursday, November 3, 2022. On the same day, the Company is scheduled to host a webcast and conference call at 11:00 a.m. Central Time (12 p.m. Eastern Time). The presentation webcast will be available, both live and for replay, on the Investor Relations page of the Company’s website at www.denbury.com. Individuals who would like to participate in the conference call should dial in shortly before the scheduled start time.


What:

Denbury 3Q 2022 Results

Date:

Thursday, November 3, 2022

Time:

11:00 a.m. Central Time (12 p.m. Eastern Time)

Dial-in numbers:

1.844.200.6205 (domestic) and +1.929.526.1599 (international)

Access Code:

931886

ABOUT DENBURY

Denbury is an independent energy company with operations and assets focused on Carbon Capture, Use and Storage (CCUS) and Enhanced Oil Recovery (EOR) in the Gulf Coast and Rocky Mountain regions. For over two decades, the Company has maintained a unique strategic focus on utilizing CO2 in its EOR operations and since 2012 has also been active in CCUS through the injection of captured industrial-sourced CO2. The Company currently injects over four million tons of captured industrial-sourced CO2 annually, with an objective to fully offset its Scope 1, 2, and 3 CO2 emissions by 2030, primarily through increasing the amount of captured industrial-sourced CO2 used in its operations. For more information about Denbury, visit www.denbury.com.

Follow Denbury on Twitter and LinkedIn.


Contacts

DENBURY IR CONTACTS:
Brad Whitmarsh, VP Investor Relations, 972.673.2020, This email address is being protected from spambots. You need JavaScript enabled to view it.
Beth Bierhaus, Investor Relations Analyst, 972.673.2554, This email address is being protected from spambots. You need JavaScript enabled to view it.

  • The advanced battery and automotive event welcomed thousands of engineers, business leaders, top-industry companies, and innovative thinkers to the September event.

NOVI, Mich.--(BUSINESS WIRE)--The Battery Show, North America's largest and most comprehensive advanced battery technology event, and Electric & Hybrid Vehicle Technology Expo, the only trade show and conference exclusively dedicated to the drive train and power system in electric and hybrid vehicles, wrapped a successful three day conference and exposition held at the Suburban Collection Showplace in Novi, Michigan from September 13-15. Organized by Informa Markets Engineering, the event celebrated their biggest show in 12 years with over 775+ exhibiting companies in the advanced battery and automotive industries.


This year's 14,838 attendees represented highly sought-after companies, including CATL, Ford, GM, Honda, LG, Mercedes, Panasonic, Rockwell, Samsung, Stellantis, Tesla, and Toyota, among others. These attendees were able to access 72+ hours of education with more than 150 speakers taking the stage at the show.

“The need for peer connection and educational insight was at an all-time high this year,” said Shamara Ray, Group Event Director, Informa Markets- organizers of The Battery Show. “Year after year, this industry continues to grow and evolve, we could not be more proud to have facilitated a forum where visitors are able to use our event to source new partners and ink deals to advance the future of this dynamic industry.”

INDUSTRY-LEADING SUPPLIERS

Hosting more than 775 suppliers on the expo floor, the 2022 edition featured world-renowned exhibitors that are leading change in the automotive, battery, engineering, and technology markets. Notable companies seeking buyers at this year's event included 6K Energy, Advanced Battery Concepts, Battery Innovation Center, Beckhoff Automation, Bosch Rexroth, Danfoss, Dow, Hongfa America Inc., IMA Automation, Lion Energy, Magna, Mitsubishi Chemical America, Odawara Automation, and more.

TREND-FOCUSED EDUCATION

"This year’s conference delivered content tailored to the industry’s never-ending changes and challenges. Education is a key component to overcoming challenges and the combination of forward-looking insights and technical knowledge in our speaker sessions allowed attendees the opportunity to learn and connect over the future of this trade," said Ray.

Participants at The Battery Show enjoyed the Keynote presentations from General Motors, Ford, iM3NY and more, as well as Networking Receptions, and the New Product Showcase, a program dedicated to the education and announcement of new products and technologies from 31 exhibiting companies.

Following three days of uniting industry leaders, C-suite executives, and decision-makers where they solved problems and moved the advanced battery industry forward, the Battery Show will return to the Suburban Collection Showplace in Novi, Michigan September 12-14, 2023. The Battery Show Europe will also be returning to Stuttgart, Germany in 2023 and be held at Messe Stuttgart May 23-25.

Additionally, the Battery Show is launching a first-ever exposition and conference in India in 2023. The event will take place October 4-6 at the India Expo Centre in Greater Noida and be co-located with the Renewable Energy India Expo.

Informa Markets Engineering

Informa Markets' Engineering portfolio is the leading B2B event producer, publisher, and digital media business for the world's $3-trillion advanced, technology-based manufacturing industry. Our print and electronic products deliver trusted information to the engineering market and leverage our proprietary 1.3-million-name database to connect suppliers with buyers and purchase influencers. We produce more than 50 events and conferences in a dozen countries, connecting manufacturing professionals from around the globe. The Engineering portfolio is organized by Informa, the world's leading exhibitions organizer that brings a diverse range of specialist markets to life, unlocking opportunities and helping them thrive 365 days of the year. For more information, please visit www.informamarkets.com

About Informa Markets

Informa Markets creates platforms for industries and specialist markets to trade, innovate and grow. Our portfolio comprises more than 550 international B2B events and brands in markets including Engineering, Healthcare & Pharmaceuticals, Infrastructure, Construction & Real Estate, Fashion & Apparel, Hospitality, Food & Beverage, and Health & Nutrition, among others. We provide customers and partners around the globe with opportunities to engage, experience and do business through face-to-face exhibitions, specialist digital content and actionable data solutions. As the world's leading exhibitions organizer, we bring a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year. For more information, please visit www.informamarkets.com

Connect with The Battery Show:

Connect with Electric & Hybrid Vehicle Technology Expo:

 


Contacts

Jordan Douglas
Informa Markets Engineering
This email address is being protected from spambots. You need JavaScript enabled to view it.

DALLAS--(BUSINESS WIRE)--Atmos Energy Corporation (NYSE: ATO) will host a conference call on Thursday, November 10, 2022, at 10 a.m. Eastern to review the company’s Fiscal 2022 year-end and fourth quarter financial results. Atmos Energy will release these results on Wednesday, November 9, 2022, following the market close.


To listen to the conference call, please dial either the toll-free or international number provided below. You may also listen to the call on the Atmos Energy website at www.atmosenergy.com. The Internet broadcast will be archived for 30 days.

Conference Call Details

November 10, 2022

10 a.m. Eastern / 9 a.m. Central

Toll-free: 877-407-3088

International: 201-389-0927

(No pass code)

Internet webcast: www.atmosenergy.com

Atmos Energy Corporation, an S&P 500 company headquartered in Dallas, is the country’s largest natural gas-only distributor. We safely deliver reliable, affordable, efficient and abundant natural gas to more than 3 million distribution customers in over 1,400 communities across eight states located primarily in the South. As part of our vision to be the safest provider of natural gas services, we are modernizing our business and infrastructure while continuing to invest in safety, innovation, environmental sustainability and our communities. Atmos Energy manages proprietary pipeline and storage assets, including one of the largest intrastate natural gas pipeline systems in Texas. Find us online at http://www.atmosenergy.com, Facebook, Twitter, Instagram and YouTube.


Contacts

Dan Meziere
(972) 855-3729

Instances of felled branches or trees onto powerlines increased this year

OAKLAND, Calif.--(BUSINESS WIRE)--Fall is here! ‘Tis the season for Veteran’s Day, Halloween, and Thanksgiving. Many people are also thinking about cleaning up their yards before the weather changes to make room for holiday decorations by trimming bushes and removing dead trees. Pacific Gas and Electric Company (PG&E) has seen more than 100 incidents where trees or tree limbs have fallen into powerlines by either the homeowner conducting tree work or by the homeowner’s hired tree crew. These incidents are the type of situation that can cause outages and lead to ignitions.

“We are seeing an increase in tree branches coming down onto powerlines during tree work and whether you’re a licensed tree crew, logger, harvest plan owner or landowner, we encourage you to call us before you trim or fell trees near powerlines,” said Andrew Abranches, Senior Director for PG&E’s Wildfire Risk Management Team.

The phone number to call is (800) 564-5080. Here are additional tips for residential and business customers to practice safe tree trimming and removal.

BEFORE WORKING NEAR POWERLINES:

  • Call PG&E to request a safety evaluation of the area. PG&E will ensure it is safe to fell a tree in that area, either by de-energizing the line or it might be a situation where PG&E will schedule its contractor to do the work.
  • It is unlawful to work within 10 feet of a distribution or a transmission line without calling the utility.
  • If a tree or limb contacts the power line, stay away and immediately call 911 and then call PG&E. Do not attempt to remove the tree or limb from the line.

PG&E follows all applicable federal and state vegetation clearance requirements by performing regular trimming and removal of approximately along its 100,000 miles of electric lines. That includes inspecting and monitoring every PG&E overhead electric transmission and distribution line each year, with some locations patrolled multiple times.

For information about safely planting and trimming trees, visit www.pge.com/powerlinesafety.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.


Contacts

MEDIA RELATIONS: 415-973-5930

LONDON & TORONTO--(BUSINESS WIRE)--Poseidon Acquisition Corp., on behalf of a consortium composed of David L. Sokol, Chairman of the Board of Directors of Atlas Corp. (NYSE: ATCO) (“Atlas” or the “Company”), certain affiliates of Fairfax Financial Holdings Limited (collectively, “Fairfax”) (TSX: FFH and FFH.U), the Washington Family, and Ocean Network Express Pte. Ltd., a global container, transportation and shipping company (the “Consortium”), announced today it believes it has made meaningful progress in its discussions with the Special Committee of the Board of Directors of Atlas to acquire all of the outstanding common shares of Atlas that the members of the Consortium do not already own or control for $15.50 per share in cash, plus payment of all ordinary course third quarter and fourth quarter 2022 dividends regardless of the timing of any closing (the “Proposed Transaction”). There is no binding agreement with respect to the Proposed Transaction, and negotiations remain subject to significant contingencies, including completion of due diligence by the Consortium (expected to be commenced promptly), the negotiation and execution of a mutually acceptable definitive agreement, and confirmation and documentation of fully committed financing. In addition, the closing of the Proposed Transaction, if a definitive agreement is reached, would be contingent upon the approval of holders of a majority of the Atlas common shares not owned by Consortium members and the satisfaction of additional mutually acceptable closing conditions to be contained in a definitive agreement. The Consortium does not expect to make any further announcements or updates unless and until a definitive agreement is executed or discussions with the Special Committee are terminated.

Additional Information and Where to Find It

Any solicitation will only be made through materials filed with the Securities and Exchange Commission (the “SEC”). Atlas shareholders and other interested parties are urged to read these materials if and when they become available because they will contain important information. Atlas shareholders will be able to obtain such documents (when available) free of charge at the SEC’s web site, www.sec.gov.

Forward-Looking Statements

This press release contains statements regarding the proposed transaction that may be deemed to be “forward-looking statements” within the meaning of applicable securities laws and members of the Consortium may make related oral, forward-looking statements on or following the date hereof. Forward-looking statements, by their nature, are subject to a variety of inherent risks and uncertainties that could cause actual results to differ materially from the results projected. Many of these risks and uncertainties cannot be controlled by the Consortium and include the possibility that discussions with the Special Committee may not be successful and the possibility that the proposed transaction may not be entered into or completed on the terms described in this press release or at all. Any forward-looking statements in this press release are made only as of the date of this press release. No member of the Consortium assumes any obligation to publicly update any forward-looking statements except as required by law. No information contained on any website referenced in this press release is incorporated by reference herein.

About Fairfax Financial Holdings Limited

Fairfax Financial Holdings Limited is a holding company which, through its subsidiaries, is primarily engaged in property and casualty insurance and reinsurance and the associated investment management.


Contacts

Consortium: David L. Sokol - This email address is being protected from spambots. You need JavaScript enabled to view it.

Fairfax: John Varnell, Vice President, Corporate Development - +1-416-367-4941

The Second Cohort of Fellows will receive multifaceted support needed to help accelerate the commercialization of their climate tech innovations.

OAKLAND, Calif.--(BUSINESS WIRE)--Today, Breakthrough Energy announced the second cohort of its Fellows program as part of the organization’s mission to support the development of a range of clean energy technologies the world needs to achieve net-zero carbon emissions by 2050. Aaron Fitzgerald, CEO and Co-Founder, and Kristian Gubsch, VP of Feedstock Development and Co-Founder, of Mars Materials, were named as Fellows, working in carbon dioxide (CO2) utilization. Mars Materials (Mars) is working to decarbonize carbon-intensive industries by repurposing captured-CO2 and bio-based feedstocks.


The Breakthrough Energy Fellows (BE Fellows) program provides innovators from across the globe with funding, mentorship, education, and access to the Breakthrough Energy network with the aim of accelerating these new technologies’ path from early development to widespread deployment.

“Our second cohort of Breakthrough Energy Fellows represents a group of brilliant, global innovators and climate thought leaders, all sharing a deep-rooted commitment toward finding innovative solutions to solve the climate crisis. These incredible individuals are working every day to introduce novel technologies and disruptive approaches to a variety of industries that will have the power to reimagine our sustainable future,” said Ashley Grosh, Vice President, Breakthrough Energy Fellows. “To succeed, these leaders need a uniquely tailored set of resources, and that’s why we created the Fellows program. We are very excited to welcome this remarkable group into our second cohort and support them as they take on our most pressing clean technology challenges.”

Mars is an Oakland, CA-based venture-backed carbon dioxide utilization startup. Specializing in CO2 use, Mars’ mission is to reverse humanity’s industrial waste carbon footprint. The company aims to sequester a gigaton of captured-CO2 into long-lived products such as cheaper carbon fiber and wastewater treatment chemicals.

“Mars is thrilled to be included in Breakthrough Energy’s exceptional Fellow program. Not only will the program’s support advance Mars’ technology development from the laboratory to demonstration scale, the access and collaboration from the BE network will also accelerate product development and commercialization timeline significantly,” said Aaron Fitzgerald, CEO of Mars.

BE Fellows focuses its support on innovations across Breakthrough Energy’s Five Grand Challenges. The second cohort of Fellows consists of innovators working in carbon capture, storage, and sequestration, cement, electrofuels, food and agriculture, hydrogen, long duration storage, and steel. The program also includes projects in biofuels, water treatment, HVAC systems, light weighting, and renewables. The projects were selected through a competitive application process and must demonstrate and model an ability to reduce 500 million tons of carbon dioxide per year at scale.

Mars Materials (Mars) is an Oakland, CA-based venture-backed carbon dioxide utilization startup. Mars’ mission is to reverse humanity’s industrial waste carbon footprint. The company aims to sequester a gigaton of captured-CO2 into long-lived products such as cheaper carbon fiber and wastewater treatment chemicals.


Contacts

Molly Mitchell - This email address is being protected from spambots. You need JavaScript enabled to view it.

HOUSTON--(BUSINESS WIRE)--Nine Energy Service, Inc. (NYSE:NINE) announced today that it has scheduled its third quarter 2022 earnings conference call for Monday, November 7, 2022, at 9:00 am Central Time. During the call, Nine will discuss its financial and operating results for the quarter ended September 30, 2022, which are expected to be released prior to the conference call.


Participants may join the live conference call by dialing U.S. (Toll Free): (877) 524-8416 or International: (412) 902-1028 and ask for the “Nine Energy Service Earnings Call.” Participants are encouraged to dial into the conference call ten to fifteen minutes before the scheduled start time to avoid any delays entering the earnings call.

For those who cannot listen to the live call, a telephonic replay of the call will be available through November 21, 2022 and may be accessed by dialing U.S. (Toll Free): (877) 660-6853 or International: (201) 612-7415 and enter passcode 13732302.

About Nine Energy Service

Nine Energy Service is an oilfield services company that offers completion solutions within North America and abroad. The Company brings years of experience with a deep commitment to serving clients with smarter, customized solutions and world-class resources that drive efficiencies. Serving the global oil and gas industry, Nine continues to differentiate itself through superior service quality, wellsite execution and cutting-edge technology. Nine is headquartered in Houston, Texas with operating facilities in the Permian, Eagle Ford, SCOOP/STACK, Niobrara, Barnett, Bakken, Marcellus, Utica and Canada.

For more information on the Company, please visit Nine’s website at nineenergyservice.com.


Contacts

Heather Schmidt
Vice President, Strategic Development, Investor Relations and Marketing
(281) 730-5113
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BETHESDA, Md.--(BUSINESS WIRE)--Enviva Inc. (NYSE: EVA) (“Enviva”) today announced the timing of its conference call to discuss third-quarter 2022 financial results.


When:

November 3, 2022, at 10:00 a.m. Eastern Time

 

 

 

 

How:

By dialing (877) 883-0383 in the United States, +1 (412) 902-6506 internationally, and entering the Participant Entry Number 9243030, or via webcast through the Investor Relations section of Enviva’s website at ir.envivabiomass.com

 

 

 

Replays:

Will be available online for a year and accessible via Enviva’s website at ir.envivabiomass.com

 

About Enviva

Enviva is the world’s largest producer of industrial wood pellets, a renewable and sustainable energy source produced by aggregating a natural resource, wood fiber, and processing it into a transportable form, wood pellets. Enviva owns and operates ten plants with a combined production capacity of approximately 6.2 million metric tons per year in Virginia, North Carolina, South Carolina, Georgia, Florida, and Mississippi, and is constructing its eleventh plant, in Epes, Alabama. The Epes plant is projected to add 1.1 million MTPY — approximately an 18% increase — to Enviva’s production capacity, and is expected to be the world’s largest wood pellet production plant once constructed. Enviva sells most of its wood pellets through long-term, take-or-pay off-take contracts with creditworthy customers in the United Kingdom, the European Union, and Japan, helping to accelerate the energy transition and to decarbonize hard-to-abate sectors like steel, cement, lime, chemicals, and aviation fuels. Enviva exports its wood pellets to global markets through its deep-water marine terminals at the Port of Chesapeake, Virginia, the Port of Wilmington, North Carolina, and the Port of Pascagoula, Mississippi, and from third-party deep-water marine terminals in Savannah, Georgia, Mobile, Alabama, and Panama City, Florida.

To learn more about Enviva, please visit our website at www.envivabiomass.com. Follow Enviva on social media @Enviva.


Contacts

Kate Walsh
Vice President, Investor Relations
+1 (240) 482-3856
This email address is being protected from spambots. You need JavaScript enabled to view it.

GREENVILLE, S.C.--(BUSINESS WIRE)--One of the most significant performances at the big International Motor Sports Association (IMSA) WeatherTech Championship last week at Michelin Raceway Road Atlanta took place in the paddock rather than on the 2.54-mile track in the 10-hour race.


Jackson Motorsports Marketing, the exclusive MICHELIN® race tire distributor for IMSA, powered the entire 27,500-square-foot MICHELIN tire workshop area at the 25th Anniversary Motul Petit Le Mans using a large 24 kW battery, recharged as needed by a single 35 kW diesel generator.

“Rather than running truck generators and a 100 kW diesel auxiliary generator, we just used the battery, powered by a single 35 kW generator to power everything,” said Scott Taylor, executive director of motorsports for Jackson.

“We had two complete tire-fitting lines, with mounting and balancing machines, computers, lighting, connectivity, our pit lane RFID readers, and three technical, marketing and operations trailers, including radio charging, flat screens, heating and cooling systems all working seamlessly throughout the entire four-day race week,” said Taylor.

Dramatic Results

The Greenville, South Carolina, company brings a motorsports culture to marketing and events.

Racing is about improving efficiency and performance. Our data from IMSA’s official partner, VP Fuels, shows that we reduced our WeatherTech® paddock generators’ diesel fuel consumption from 702 gallons here last year to just 50.43 gallons this time around,” said Arch Cline, Jackson’s IMSA race operations director.

“We reduced our generator use from 100.3 hours in 2021 to 12.3 hours in 2022. That is a reduction of 87.7 percent in emissions,” said Cline, who worked in close collaboration with Joe Ignacio, Michelin motorsports operations manager, equipment supplier Sunbelt Rentals and IMSA to conduct the full pilot trial at the final race of the 2022 season.

Lighting the area were four solar-powered, trailer-mounted light towers to illuminate the tire drop-off and pickup areas for IMSA teams and tire carts.

The figures do not include a separate generator used for the air compressors used in 2021 and 2022 tire mounting.

Leading the way

“Michelin and IMSA are leaders in sustainability in motorsports,” said Darrell Jackson, president and CEO of Jackson, the 35-year-old, South Carolina-based company.

There are 18 automakers in IMSA competition, and the IMSA Green program works in collaboration with the U.S. Department of Energy, Environmental Protection Agency, and SAE International to improve sustainability.

“We are researching and finding ways to continuously improve sustainability and reduce our footprint. We have already taken measures to reduce our number of transporters and reduce or eliminate generator use where possible,” said Jackson.

The next two events will provide major tests for Jackson and Michelin as they prepare for the two longest races of the IMSA season, the Rolex 24 at Daytona in January, followed by the mid-March “Super Sebring” doubleheader featuring both the Mobil 1 Twelve Hours of Sebring and the 10-hour World Endurance Championship races.

“Just like the race teams, we are constantly working to be innovative and more efficient—we just have a different scorecard,” said Jackson.


Contacts

Elliott Kelley
(864) 272–3044
This email address is being protected from spambots. You need JavaScript enabled to view it.

EWING, N.J.--(BUSINESS WIRE)--$OLED #OLED--Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced its results for the third quarter, ended September 30, 2022, will be released on Thursday, November 3, 2022 after market close. At that time, a copy of the financial results release will be available on the Company’s website at https://oled.com/.


In conjunction with this release, Universal Display will host a conference call on Thursday, November 3, 2022, at 5:00 p.m. Eastern Time. The live webcast of the conference call can be accessed under the events page of the Company's Investor Relations website at ir.oled.com. Those wishing to participate in the live call should dial 1-877-524-8416 (toll-free) or 1-412-902-1028. Please dial in 5-10 minutes prior to the scheduled conference call time. An online archive of the webcast will be available within two hours of the conclusion of the call.

About Universal Display Corporation
Universal Display Corporation (Nasdaq: OLED) is a leader in the research, development and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications. Founded in 1994 and with subsidiaries and offices around the world, the Company currently owns, exclusively licenses or has the sole right to sublicense more than 5,500 patents issued and pending worldwide. Universal Display licenses its proprietary technologies, including its breakthrough high-efficiency UniversalPHOLED® phosphorescent OLED technology that can enable the development of energy-efficient and eco-friendly displays and solid-state lighting. The Company also develops and offers high-quality, state-of-the-art UniversalPHOLED materials that are recognized as key ingredients in the fabrication of OLEDs with peak performance. In addition, Universal Display delivers innovative and customized solutions to its clients and partners through technology transfer, collaborative technology development and on-site training. To learn more about Universal Display Corporation, please visit https://oled.com/.

Universal Display Corporation and the Universal Display Corporation logo are trademarks or registered trademarks of Universal Display Corporation. All other company, brand or product names may be trademarks or registered trademarks.

All statements in this document that are not historical, such as those relating to the projected adoption, development and advancement of the Company’s technologies, and the Company’s expected results and future declaration of dividends, as well as the growth of the OLED market and the Company’s opportunities in that market, are forward-looking financial statements within the meaning of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this document, as they reflect Universal Display Corporation’s current views with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated. These risks and uncertainties are discussed in greater detail in Universal Display Corporation’s periodic reports on Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, including, in particular, the section entitled “Risk Factors” in Universal Display Corporation’s Annual Report on Form 10-K for the year ended December 31, 2021. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.

Follow Universal Display Corporation

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(OLED-C)


Contacts

Universal Display Contact:
Darice Liu
This email address is being protected from spambots. You need JavaScript enabled to view it.
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+1 609-964-5123

DUBLIN--(BUSINESS WIRE)--The "Europe Offshore Support Vessel Market, By Type (Anchor Handling Towing Supply Vessels, Power Supply Vessels, Fast Supply Intervention Vessel, Multi-Purpose Service Vessel, Others), By Application, By End-User, By Region, Competition Forecast & Opportunities, 2027" report has been added to ResearchAndMarkets.com's offering.


Europe offshore support vessel market is projected to grow at a formidable rate during the forecast period, 2023-2027

The market growth can be attributed to the decommissioning of aging offshore infrastructure and rising investments in developing the renewable energy sector. Besides, a rise in deep-water activities is anticipated to boost the Europe offshore support vessel market.

Offshore support vessels are specifically designed for high-seas oil exploration and construction. These offer required labor, technological equipment, and other supplies to ensure that operations on the high seas run smoothly and without disruptions. The offshore support vessel transports critical structural components and the necessary help to supply freight. Anchor handling towing, power supply, fast supply intervention, and multi-purpose service vessels are examples of offshore support vessels.

The global population is expanding exponentially, fueling the demand for greater energy generation to live a better life. Consumers' increasing spending power allows them to afford consumer electronic devices, automobiles, and other items that require energy as a power supply.

Booming automotive sector and strong vehicle sales due to changing customer preferences for private car ownership and rising disposable income are driving up demand for oil and gas reserves. Thermal, nuclear, oil and gas, geothermal, and other conventional and non-conventional energy sources must meet the increasing energy demands.

Leading government authorities are investing in exploring oil and gas reserves and discovering new untapped resources. The discovery of fresh deposits generates demand for well drilling and production activities, which is expected to fuel the European offshore support vessel industry.

Installation of offshore wind farms, which are a type of power plant built by leading authorities to gather wind power and convert it into energy before supplying it to the main supply network, is expected to boost the expansion of Europe's offshore support vessel market.

Because of increased oil and gas exploration activity, current deposits are gradually maturing, necessitating the need for deep and ultra-deep-water exploration to meet the region's growing energy demand. Offshore and subsea industries are seeing increased investment from market participants.

The market is dominated by shallow water exploration. However, offshore support vessels cannot operate properly in deep and ultra-deepwater due to harsh conditions that may jeopardize oil exploration activities.

Market participants are conducting research and development to identify creative solutions and upgrade existing infrastructure to build technology-equipped boats that can withstand adverse weather conditions. A recent invention for marine vessels is the dynamic positioning system.

Europe offshore support vessel market is segmented based on type, application, end-user, competitional landscape, and regional distribution. Based on the type, the market is divided into anchor handling towing supply vessels, power supply vessels, fast supply intervention vessel, multi-purpose service vessel, and others.

The anchor handling towing supply vessels segment is anticipated to hold the largest share in the Europe offshore support vessel market due to the growing discovery of deep-water oil & gas reserves in the region.

Major players in the Europe offshore support vessel market are DOF Group, Solstad Shipping, Havila Shipping, Maersk, Siem Offshore, DEME, Northern Offshore Services AB, Vroon, Glomar Offshore B.V., Fletcher Group, among others.

Objective of the Study:

  • To analyze the historical growth in the market size of the Europe offshore support vessel from 2017 to 2021.
  • To estimate and forecast the market size of Europe offshore support vessel market from 2023 to 2027 and growth rate until 2027.
  • To classify and forecast the Europe offshore support vessel market based on type, application, end user, country, and company.
  • To identify the dominant region or segment in the Europe offshore support vessel market.
  • To identify drivers and challenges for the Europe offshore support vessel market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Europe offshore support vessel market.
  • To identify and analyze the profiles of leading players operating in the Europe offshore support vessel market.
  • To identify key sustainable strategies adopted by market players in Europe offshore support vessel market.

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Europe offshore support vessel market.

  • DOF Group
  • Solstad Shipping
  • Havila Shipping
  • Maersk
  • Siem Offshore
  • DEME
  • Northern Offshore Services AB
  • Vroon
  • Glomar Offshore B.V.
  • Fletcher Group

Report Scope:

Europe Offshore Support Vessel Market, By Type:

  • Anchor Handling Towing Supply Vessels
  • Power Supply Vessels
  • Fast Supply Intervention Vessel
  • Multi-Purpose Service Vessel
  • Others

Europe Offshore Support Vessel Market, By Application:

  • Shallow water
  • Deepwater

Europe Offshore Support Vessel Market, By End-User:

  • Oil & Gas
  • Offshore Wind

Europe Offshore Support Vessel Market, By Country:

  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Poland
  • Netherlands
  • Norway
  • Russia
  • Sweden
  • Denmark

Years considered for this report:

  • Historical Years: 2017-2020
  • Base Year: 2021
  • Estimated Year: 2022
  • Forecast Period: 2023-2027

For more information about this report visit https://www.researchandmarkets.com/r/l15upk


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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