DES PLAINES, Ill.--(BUSINESS WIRE)--#CJLogistics--Kevin Coleman has been named Chief Executive Officer (CEO), Canada of CJ Logistics America, in addition to his current role as Chief Customer Officer (CCO). As CEO, Canada, Coleman will lead the strategy for regional growth and expansion. For the company’s Canada-based operations, including warehousing, transportation and international freight forwarding, Coleman will have executive oversight of capabilities development and management, sales and marketing, customer operations, technology infrastructure and security, human capital and talent, and financial performance.
As CCO of CJ Logistics America, Coleman will continue to be responsible for customer strategic partnerships, business development and emerging channels, supply chain solutions and analytics, supply chain consulting and marketing communications. In his capacity as CCO, Coleman drives the company’s vision for delivering customer value. In collaboration with the executive team, he is responsible for customer retention and the development of expanded capabilities.
Coleman joined the company in 2002 as Director, Strategic Partnerships and was promoted to roles of increasing responsibility including Senior Director, Customer Solutions in 2009, Vice President, Customer Solutions in 2011, Senior Vice President in 2016 and Chief Customer Officer in 2018. He spent eight years in consulting for TZA Associates, Oracle, MarchFIRST and Deloitte, working in supply chain strategy, technology and operational design. He has a BA from the University of Illinois.
“Under Kevin’s leadership over the past 15 years, we have achieved significant strategic growth,” CEO of CJ Logistics America Ed Bowersox said. “With his leadership in Canada, we can expect expanded capabilities and customer value delivery, especially for those who can benefit from cross-border operations optimization.”
The company, formerly DSC Logistics, recently announced its rebranding as CJ Logistics on March 2, 2021. Focused on innovation and continuous improvement, CJ Logistics acquired DSC Logistics to expand its North American platform which now includes over 80 locations in the United States, Canada and Mexico, including warehouses, transportation, freight forwarding and corporate offices.
CJ Logistics and CJ Logistics America
CJ Logistics provides integrated global supply chain services, maximizing customer value through continuous improvement and innovation. With a focus on social responsibility and sustainability through growth with customers and communities, CJ Logistics prioritizes the well-being of the end consumer. CJ Logistics offers an integrated, one-stop SCM service platform with air and sea international freight forwarding, warehousing and transportation contract logistics, asset-based transportation, parcel and express delivery, and supply chain consulting. As a lead logistics partner (LLP), third-party logistics provider (3PL) and supply chain consultant, CJ Logistics helps customers leverage supply chain management as a competitive advantage, reducing total system costs, transforming business processes, improving service and facilitating growth and change. CJ Logistics America, a division of CJ Logistics, is responsible for leading warehousing, transportation and freight forwarding operations across the North America region, specializing in solutions for regulated industries such as food and beverage, consumer packaged goods, healthcare and medical supplies, and tire and automotive. cjlogisticsamerica.com
For more information, please contact Jennifer Nix at This email address is being protected from spambots. You need JavaScript enabled to view it. or call (312) 402-0740.
NEW ORLEANS--(BUSINESS WIRE)--Four leading energy business leaders and early-stage investors today announced the formation of NuQuest Energy LLC, a utility-scale renewable energy development company pursuing projects in the United States.
The company intends to leverage its extensive experience in engineering, procurement, construction, finance, land leasing, regulatory, project management, and operations to become an industry-leading renewables development company.
“Capitalizing on our previous successes, we’re confident that our combined capabilities will propel NuQuest Energy’s growth and drive positive commercial and sustainable environmental energy outcomes,” said Kirk Barrell, NuQuest Co-Founder. We look forward to building a large portfolio of renewable energy and storage projects that makes sense from an environmental perspective and generate value for all parties.”
Mr. Barrell is joined by industry executives Denis Taylor, Co-Founder & Partner, Audubon Companies, LLC; Bob Rosamond, Co-Founder & Partner, Audubon Companies, LLC; and Alex Guitart, Founder & President, New Orleans Land & Title Company, LLC. Together, the four co-founders have accumulated more than 120 years of experience in the energy infrastructure sector. Building on each partner’s industry expertise, this collaboration aims to deliver innovative solutions that advance renewable infrastructure development.
“NuQuest Energy shares Audubon Companies’ commitment to building a more sustainable clean energy future,” said Bob Rosamond. “The newly-formed company compliments our current portfolio of decarbonization solutions and represents another reduction opportunity to lower the carbon footprint for people today, and for future generations.”
“Our co-founding team has a long history of delivering great outcomes for our landowners and corporate clients,” said Alex Guitart, NuQuest Co-Founder. “Our technology-focused approach will greatly enhance our site selection process ensuring project success.”
The company has built a proprietary site-selection system, TerraVoltTM, which integrates electric grid analyses, GIS, and advanced analytics. "Our proprietary technological system leverages decades of mapping and analytics experience to pinpoint high-quality locations for renewables development,” Barrell added.
About NuQuest Energy, LLC
NuQuest Energy, LLC is a renewables development company pursuing an aggressive plan to assemble and construct a diverse portfolio of utility, industrial, and corporate projects across the United States with a current focus on Louisiana, Texas, and Mississippi. The company leverages existing relationships and project development experience to build a robust, scalable renewables portfolio.
CAUTIONARY STATEMENT: This press release contains certain forward-looking statements regarding renewable energy, development and operation activities, anticipated and potential developments and the economic potential of properties. Accuracy of these forward-looking statements depends on assumptions about events that change over time and is thus susceptible to periodic change based on actual experience and new developments. NuQuest Energy LLC cautions readers that it assumes no obligation to update or publicly release any revisions to the forward-looking statements in this press release and, except to the extent required by applicable law, does not intend to update or otherwise revise these statements more frequently than quarterly. Important factors that might cause future results to differ from these forward-looking statements include adverse conditions such as variations in the market prices of renewable energy, environmental laws and situations, solar and wind accessibility, the ability to satisfy future cash obligations and environmental costs, and other general development risks and hazards.
Alex Guitart
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504-628-7727
NuQuest Energy, LLC
111 Veterans Blvd., Suite 1200
Metairie, LA 70005
Project Capable of Generating Enough Electricity to Power 46,000 Colorado Homes
IRVINE, Calif.--(BUSINESS WIRE)--174 Power Global, a leading solar energy company, today announced that it has entered into a 15-year Power Purchase Agreement (“PPA”) with Black Hills Energy to develop a 200-megawatt (MW) solar power production facility, Turkey Creek Solar in Pueblo County, Colorado.
The new, utility-scale solar facility, is expected to generate enough electricity to power an estimated 46,000 Colorado homes with clean, renewable energy. Once operational, the facility will contribute to Black Hills Energy’s Renewable Advantage plan, a clean-energy growth strategy which is forecasted to deliver nearly $178 million through state, local and federal taxes, benefiting the community. The project has an estimated construction cost of over $200 million and will create approximately 250 good-paying construction jobs, with the potential for up to 450 workers during certain phases of construction.
“We are glad to partner with Black Hills Energy on the Turkey Creek Solar project, which will provide long-lasting environmental and economic benefits to the Pueblo community, as well as dependable solar power,” said 174 Power Global President Henry Yun. “We look forward to bringing Black Hills customers sustainable, cost-competitive, clean energy and working with the Pueblo and Fremont county communities.”
“We are very pleased by the broad community support that is driving our Renewable Advantage plan forward,” said Vance Crocker, Black Hills Energy’s vice president for Colorado utilities. “With a project of this magnitude – the first and largest utility-scale solar project for Black Hills Energy – we will assure significant cost savings for our customers, while achieving long-lasting environmental benefits and economic vitality for our local and regional economies for years to come.”
Construction of the facility is expected to commence in 2022, with the project coming online in 2023. Under the terms of the agreement, Black Hills Energy will purchase all power generated by the project. 174 Power Global will lead project development and construction, the engagement and permitting process with local agencies, including Pueblo and Fremont Counties, and will own and operate the facility.
About 174 Power Global
174 Power Global is a leading solar and energy storage project developer focused on North America’s utility and C&I energy markets. The company is wholly owned by the Hanwha Group, and has offices in Houston, Texas; Irvine, California; and New York City, New York. With deep expertise across the full spectrum of the project development cycle, 174 Power Global works closely with utilities, landowners, local communities, financial investors, and other partners to build highly productive, utility scale and C&I solar power plants throughout North America. Since its formation in 2017, 174 Power Global has signed over 3 GW of power purchase agreements with more than 8 GW of additional solar projects and 10GWh of battery energy storage projects in the development pipeline. 174 Power Global also is affiliated with Chariot Energy, a retail energy provider that provides 100% clean, renewable solar energy to the Texas market. Chariot Energy is transforming the energy supply for Texas while modernizing and simplifying the way solar energy is sold and delivered. 174 Power Global’s name was inspired by the 174 petawatts of power the earth receives from the sun at any moment.
For more information, visit: http://174powerglobal.com/
About Black Hills Corporation
Black Hills Corp. (NYSE:BKH) is a customer focused, growth-oriented utility company with a tradition of improving life with energy and a vision to be the energy partner of choice. Based in Rapid City, South Dakota, the company serves 1.3 million natural gas and electric utility customers in eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. More information is available at www.blackhillscorp.com and www.blackhillsenergy.com.
For media inquiries:
174 Power Global
Kelly Kimberly
713.822.7538
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Brian Armentrout
281.968.5635
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Black Hills Corp.
Julie Rodriguez
719.924.4103
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HOUSTON--(BUSINESS WIRE)--Galtway Industries, a leading channel partner of world class manufacturers specializing in supply chain solutions for top tier OEMs, achieved a rare feat for businesses in 2020 by having its best year in the company’s eight-year history, despite global economic conditions and affects on the oil and gas industry, traditionally a primary focus of Galtway’s business. Therefore, today the company announced the completion of a strategic rebranding effort that positions the company for continued growth along with its leading position in the oil and gas industry.
“Our core business of developing and implementing innovative supply chain solutions remains unchanged,” said Josh Lowrey, President of Galtway Industries. “Our refreshed brand is more inclusive of the various industries we will provide our leading edge sales and marketing solutions to on behalf world class suppliers around the globe.”
Galtway Industries now serves manufacturers in the oil and gas, hydro, wind, nuclear, marine, power generation, heavy industries, mining, and transportation industries. It delivers solutions for machining, fabrication, castings, forgings and fasteners that meet the tolerances, quality, and supply chain required in today’s business environment.
“When we completed our strategic review we realized how substantial our business was across multiple industries,” continued Lowrey. “We’d been so busy building it up over the last seven years, we finally stepped back to appreciate what we built with an eye on how to continue forward.”
The company partners with leading OEMs Lucchini Mame, Riganti, Oklahoma Forge, POK Foundry, Express Bolt and Gasket, and Marmen along with producing the popular industry podcast, “The Highly Capable Podcast,” available on all top podcast platforms.
About Galtway Industries
Houston-based Galtway Industries is North America’s leading channel partner of world class manufacturers specializing in the development and implementation of supply chain solutions for Top Tier OEMs. It provides precision metal components, parts, and solutions for the high-tech manufacturing and energy industries world wide. More information on Galtway Industries can be found at www.galtwayindustries.com.
Kevin Courser
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(832) 331-2282
First set of public commitments positions the identity leader for long-term action on climate change
SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (NASDAQ:OKTA), the leading independent identity provider, today at Oktane21, committed to achieving 100% renewable electricity for its global real estate footprint by 2022. The company’s commitment marks a critical step in Okta’s journey to reduce greenhouse gas (GHG) emissions and take long-term action on climate change. Watch all of Okta’s announcements at Oktane21.com.
“Climate change adversely impacts all of us, and every company has a role to play in curbing its most dangerous effects. For Okta, addressing energy usage for our offices is the right first step, but this is just the beginning of a long-term commitment to climate action,” said Todd McKinnon, Chief Executive Officer, and co-founder, Okta. “As we address Okta’s footprint, we will also look to collaborate with our customers, partners, and communities to drive even more change. We all need to act with the urgency our planet demands.”
In recognition of the imperative of climate action and the important role businesses must play in addressing the planet’s urgent needs, along with Okta’s aim to achieve 100% renewable electricity for its global real estate footprint by 2022, the company is committing to the following:
Building on Okta’s investments in sustainability
Okta continues to do its part to address climate change. In FY21, Okta purchased renewable energy certificates (RECs) equivalent to 100% of its North American office electricity consumption. Okta purchased RECs from the California Bright Schools solar program, which helps to realize the most cost-effective energy-saving opportunities, supports renewable energy education and the installation of solar on schools across the state, and provides an additional revenue stream to support school district operations. Okta’s support of California Bright Schools is consistent with its approach to embark on projects with both positive environmental and social impacts.
Also, Okta released the results of its emissions inventory, which revealed the majority of its current emissions are from sources including cloud services, data centers, and business travel. Okta employs third-party cloud infrastructure to host our digital products and services and does not own or operate any colocation data centers. Its cloud storage provider currently sources more than 50% renewable energy and has publicly committed to increasing this to 100% by 2025. Okta’s next phase of climate work will explore how to reduce emissions in these areas.
Okta launched its environmental, social and governance (ESG) program in May 2020. The ESG and Sustainability program is under the oversight of the Board of Directors’ Nominating and Corporate Governance Committee. It is led by a cross-functional ESG Committee and subject-matter experts. Okta also recently hired a full-time ESG and Sustainability Director.
To learn more about this announcement and all of Okta’s innovations, register and participate in our completely free, virtual conference by visiting Oktane21.com.
About Okta
Okta is the leading independent identity provider. The Okta Identity Cloud enables organizations to securely connect the right people to the right technologies at the right time. With more than 7,000 pre-built integrations to applications and infrastructure providers, Okta provides simple and secure access to people and organizations everywhere, giving them the confidence to reach their full potential. More than 10,000 organizations, including JetBlue, Nordstrom, Siemens, Slack, T-Mobile, Takeda, Teach for America, and Twilio, trust Okta to help protect the identities of their workforces and customers.
Lindsay Life
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WEST SIMSBURY, Conn.--(BUSINESS WIRE)--Eyelit Corp., a manufacturing software provider for visibility, control, and coordination of manufacturing operations announced today that Raytheon Technologies Corporation, a Global 500 leader, has completed the deployment of the Eyelit MES™ suite at one of its manufacturing sites.
Raytheon conducted a thorough evaluation of enterprise MES solutions and chose Eyelit to replace its legacy MES. The migration to Eyelit’s advanced manufacturing suite expanded the scope of their execution controls. Eyelit modules deployed into production span a wide spectrum of functionality in addition to MES: including data collection with Statistical Process Control (SPC), Eyelit’s Quality Management System (QMS), Operator Certification, Asset Management, Operational Data Store (ODS) and Reporting software. An important consideration was Eyelit’s proven track record in migrating companies from legacy MES systems.
“Raytheon’s migration to the Eyelit MES suite is another case in point for companies looking to modernize their MES solutions. Eyelit has successfully migrated several companies from mission critical legacy MES solutions,” stated Dan Estrada, Vice-President of Sales and Marketing, Eyelit.
About Eyelit Inc. (www.eyelit.com)
Eyelit Inc. is the leader in Manufacturing Execution and Quality Management (MES and QMS) solutions for visibility, control, and coordination of manufacturing operations for the aerospace & defense, electronics, life sciences, medical device, semiconductor, and solar industries. Eyelit uniquely delivers a broad set of manufacturing solutions, including Asset Management (Semi E10, SEMI PV2-0709), Dispatching, Factory Integration (Automation), Manufacturing Execution (MES/MOM), Recipe Management, Supply Chain Management, Quality Management (CAPA/OCAP/SPC/APC/RMA), and Business Process Management, that enable its customers to rapidly and cost-effectively optimize production and company processes.
With exceptional customer service, Eyelit has time and again proven that superior, innovative technology can increase efficiency and value. More than 50 leading companies, including austriamicrosystems, CEA-Leti, eMagin, Enovix, Innovative Micro Technology (IMT), LFoundry, Murata Electronics Oy, Northrop Grumman Corporation, NXP Semiconductors, PerkinElmer, Raytheon Technologies, Skyworks Solutions, TowerJazz, and multiple global 50 companies rely on Eyelit as a trusted software partner. Follow Eyelit on LinkedIn and Twitter.
Kiran Chattha, Eyelit Inc., +1-905-502-6184, This email address is being protected from spambots. You need JavaScript enabled to view it.
BLACKWOOD, N.J.--(BUSINESS WIRE)--#renewables--On March 17th, Vision Solar, which is one of the leaders in Residential Solar Panel Installations, found their “purple unicorn,” and announced Greg Young as their new Chief Information Officer.
Young is a candidate with a profile that possesses the skills and experiences that are rare. Vision Solar with its forward-thinking digital transformation and innovative trajectory, is happy to have Young join their diverse leadership team.
Greg Young has over 20 years of professional experience within the Information Technology Industry. Prior to joining Vision Solar, Greg Young served as Chief Information Officer and Global Vice President for Hardinge Inc. It was here that Young created a proven successful record in integrating scalable technology solutions. His experiences have given him the ability to continuously deliver value by driving organizations to break through operational and performance success.
“I'm very excited to join Vision Solar during this time of exponential growth. I look forward to helping the company grow through innovation,” Young stated.
Young’s goal in his new position is to lead Vision Solar's digital transformation journey by delivering cutting-edge and scalable solutions that drive business results, and provide a competitive edge that differentiates us within Renewables space, in all of our current and future locations, nationwide.
About Vision Solar
Vision Solar is one of the fastest growing solar energy companies in the United States. Their full-service renewable energy company installs solar services for residential homes in Pennsylvania, Arizona, New Jersey, Massachusetts and Florida. Over the past three years, Vision Solar has grossed over $100 million in revenue, with significant increase in projected growth to produce 1000+ high-quality Green Jobs by 2022. To learn more, visit: https://visionsolar.llc
John Czelusniak,
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DEERFIELD BEACH, Fla.--(BUSINESS WIRE)--Capstone Companies, Inc. (OTC: CAPC) (“Capstone” or the “Company”), a designer, manufacturer and marketer of consumer inspired products that simplify daily living through technology, raised $1.498 million in a private equity placement of restricted common stock among five accredited investors, including four private equity funds.
Stewart Wallach, Capstone’s Chairman and CEO, commented, “As our e-commerce business model necessitates on hand inventories to meet consumer expectations of 1–2-day deliveries, I am pleased that we were able to raise the necessary funds to support this program while avoiding costly debt as a solution to our immediate funding needs.”
Wallach added, “We are fortunate to have aligned with institutional investors that understand and support our looking forward vision for our new critical product line.”
Capstone sold a total of 2,496,667 shares of its common stock in the private offering. Littlebanc Advisors, LLC, through Wilmington Capital Securities, LLC acted as the sole selling agent for the private placement.
About Capstone Companies, Inc.
Capstone Companies, Inc. is a public holding company that engages, through its wholly owned subsidiaries, Capstone Industries, Inc., Capstone Lighting Technologies, LLC, and Capstone International HK, Ltd., in the development, manufacturing and marketing of consumer products to retail channels throughout North America and certain international markets.
Visit our websites; www.capstonecompaniesinc.com for more information about the Company and www.capstoneindustries.com and www.capstoneconnected.com for information on our current product offerings. Contents of referenced URL’s are not incorporated herein.
About Littlebanc
Littlebanc is a private equity firm that invests in small, high-quality businesses in old-world, simple, and enduring industries. Littlebanc invests the firm's own capital along with capital from select Limited Partners ("LPs") and takes an active approach with its portfolio companies to assist them in realizing their potential. Littlebanc's LPs are predominantly seasoned finance professionals that are drawn to the firm due to their ability to select only the investments that they want to participate in, position size each investment, and the collective expertise of the broader LP base, which can add considerable value to each portfolio company.
About Wilmington Capital Securities, LLC
Wilmington Capital Securities, LLC is a broker-dealer and investment adviser registered with the U.S. Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).
Forward Looking Statements. This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, included in this press release regarding strategy, future operations and plans, including assumptions underlying such statements, are forward-looking statements, and should not be relied upon as representing Company’s views as of any subsequent date. Such forward-looking statements are based on information available to the Company as of the date of this press release and involve a number of risks and uncertainties, some beyond the Company’s control or ability to foresee, that could cause actual results to differ materially from those anticipated by these forward-looking statements, including, including the impact of Coronavirus/COVID-19 pandemic on the Smart Mirror product line, any difficulty in marketing Company products in its target markets, competition in the market, and impact of evolving technologies in Smart Mirrors on Company’s prospects and products. With declining revenues from Company’s matured LED product line, the success of the new Smart Mirror product line is critical to the sustainability of the Company through 2021. Consumer acceptance of and orders for the new Smart Mirror product line are uncertain as of the date of this press release. The above referenced investment merely funds an initial estimated inventory need in advance of any actual sales. Additional information that could lead to material changes in Company’s performance is contained in its filings with the Securities and Exchange Commission. Company is under no obligation to, and expressly disclaims any responsibility to, update or alter forward-looking statements contained in this release, whether as a result of current information, future events or otherwise. Any investment in the Company’s common stock, which is a “penny stock,” is highly risky and not suitable for investors who require liquidity and are unable to withstand the loss of their investment. Investors should only rely on public information in our filings with the SEC, especially disclosures of Risk Factors, as a basis for investment decisions about Company common stock. Company’s SEC filings can be accessed through SEC website: www.sec.gov or the corporate website listed below.
Aimee C. Brown
Corporate Secretary
(954) 252-3440, ext. 313
Glickman Joins from Bain & Company and is a Recognized Energy Industry Expert with Deep Strategic Experience
Appointment is Eighth Leadership Addition Since January to Help Revamp Senior Team
SAN FRANCISCO--(BUSINESS WIRE)--Pacific Gas and Electric Company (PG&E) today announced the appointment of Jason Glickman as Executive Vice President, Engineering, Planning, and Strategy, effective May 3, 2021. Mr. Glickman will report to Patti Poppe, Chief Executive Officer of PG&E Corporation.
“I am thrilled to welcome Jason to PG&E. He is a seasoned and strategic industry thought leader with an impressive track record of helping energy companies meet their goals and achieve large-scale transformations,” said Ms. Poppe. “He understands our industry inside and out and has what it takes to move an investor-owned utility toward a more resilient, safe, sustainable and affordable energy future. I am confident that Jason’s expertise, vision and leadership will help us continue to strengthen PG&E for our customers and communities.”
In this newly created role, Mr. Glickman will oversee the utility’s near-term priorities and long-term planning. This will include oversight of PG&E’s utility assets, including the gas system and electric infrastructure.
“Having spent the last 20 years living, working and raising a family in Northern California, I see enormous opportunities to rethink and rebuild our energy infrastructure and transportation systems to help the state achieve its bold clean energy goals and combat the changing climate. I’m honored to join PG&E and this new leadership team that’s focused on delivering safe, reliable and clean energy to the 16 million people we are fortunate to serve every day,” said Mr. Glickman.
Mr. Glickman brings industry expertise and extensive strategic experience to PG&E. He currently serves as a Partner and the Global Head of Utilities and Renewables at Bain & Company and resides in Oakland, CA. He became a Partner in 2014 and the Global Head of Utilities and Renewables in March 2020. At Bain, his clients have included major investor-owned utilities and other industry leaders, with which he has worked closely over sustained periods of time to deliver measurable results. His work has focused on advising leading energy companies on strategy and sustainability, as well as affordability and digital transformation. He has designed and implemented comprehensive long-term plans that encompass asset strategy, engineering and operations, and he has led several multi-year enterprise affordability programs to benefit customers.
Prior to becoming a Partner at Bain, Mr. Glickman served as a consultant there from 2007 to 2014. Prior to that, Mr. Glickman served as a Principal at EY – Parthenon (formerly The Parthenon Group) from 2002 to 2007. He holds a BS and an MS in Management Science & Engineering from Stanford University.
Since Ms. Poppe began as the company’s new CEO in January 2021, PG&E has bolstered its leadership team with eight new senior executive hires with significant energy, transformation, operations and safety experience.
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.
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Company Committed to Making Things Right for Those Impacted
SAN FRANCISCO--(BUSINESS WIRE)--PG&E Corporation (NYSE: PCG) shared the following statements today in regard to criminal charges filed by the Sonoma County District Attorney’s office related to the October 2019 Kincade Fire.
“We are saddened by the property losses and personal impacts sustained by our customers and communities in Sonoma County and surrounding areas as a result of the October 2019 Kincade Fire, and recognize the courageous efforts and sacrifices of the first responders who worked to contain the fire and those who were injured. We are grateful that there was no loss of life.
In the spirit of working to do what’s right for the victims, we will accept CAL FIRE’s finding that a PG&E transmission line caused the fire, even though we have not had access to the agency’s report or the evidence it gathered.
However, we do not believe there was any crime here. We remain committed to making it right for all those impacted and working to further reduce wildfire risk on our system.”
PG&E Corporation Chief Executive Officer Patti Poppe added the following, “I came to PG&E in January to ensure that we care for all those who were harmed, and that we make it safe again in California. We will work around the clock until that is true for all people we are privileged to serve.”
Details about PG&E’s efforts to further reduce the growing wildfire risk, harden its systems, and use new technologies to help keep its communities safe can be found in the company’s 2021 Wildfire Mitigation Plan.
About PG&E Corporation
PG&E Corporation (NYSE: PCG) is the parent company of Pacific Gas and Electric Company, 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 pgecorp.com.
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DUBLIN--(BUSINESS WIRE)--The "Oil and Gas CAPEX Outlook - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The oil and gas CAPEX is expected to grow at a CAGR of more than 8.4% during the forecast period.
Factors such as strong profitability following a trend to reduce project costs and optimise portfolios, which has led to divestment of low-margin fields and increased focus on investment in higher-margin growth opportunities, are expected to increase the CAPEX during the forecast period.
Moreover, LNG-oriented gas projects are witnessing increased investment, as it is less carbon-intensive fuel and helps in transition to lower carbon economy. However, volatile crude oil and natural gas prices, coupled with slow economic growth at a global level are expected to restrain the oil and gas CAPEX during the forecast period.
Upstream sector is expected to be the largest segment which would have the highest CAPEX, as several region's state-owned firms are prioritising domestic oil and gas projects to improve energy security and reduce their dependence on imports.
Several greenfield projects, along with deepwater and ultra-deepwater exploration in African countries such as Senegal and Mauritania, possess ample opportunity for increased capital expenditure.
Asia-Pacific has recorded the highest gains in CAPEX and is likely to be the fastest growing region, owing to operations of global integrated majors along with national oil company's and new investments during the forecast period.
Key Market Trends
Upstream Sector to Dominate the Market
Competitive Landscape
The global oil and gas CAPEX market is moderately fragmented. Some of the key players are BP PLC, Exxon Mobil Corporation, Total SA, Chevron Corporation, and Royal Dutch Shell PLC.
Key Topics Covered:
1. INTRODUCTION
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
4. MARKET OVERVIEW
4.1 Introduction
4.2 Global Oil and Gas Industry CAPEX in USD billion, till 2026
4.3 Global Crude Oil Production and Consumption Forecast, till 2026
4.4 Global Natural Gas Production and Consumption Forecast, till 2026
4.5 Global Installed Pipeline Capacity and Forecast in Kilometers, till 2026
4.6 Historical and Production Forecast of Tight Oil, Oil Sands, and Crude from Deepwater in mb/d, Until 2026
4.7 Recent Trends and Developments
4.8 Government Policies and Regulations
4.9 Market Dynamics
4.9.1 Drivers
4.9.2 Restraints
4.10 Supply Chain Analysis
4.11 Industry Attractiveness - Porter's Five Forces Analysis
4.12 Analysis of the Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Sector
5.1.1 Upstream
5.1.2 Midstream
5.1.3 Downstream
5.2 By Location
5.2.1 Onshore
5.2.2 Offshore
5.3 By Geography
6. COMPETITIVE LANDSCAPE
6.1 Mergers, Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Key Company Profiles (Overview, Key Projects/Products and Services, Financials*, and Recent Developments)
6.3.1 BP PLC
6.3.2 Royal Dutch Shell PLC
6.3.3 Eni SpA
6.3.4 Chevron Corporation
6.3.5 Total SA
6.3.6 Exxon Mobil Corporation
6.3.7 Equinor ASA
6.3.8 Marathon Petroleum Corp.
6.3.9 Phillips 66
6.3.10 National Petroleum Company (ENAP)
6.3.11 Petroleo Brasileiro SA (Petrobras)
6.3.12 Enbridge Inc.
6.3.13 Oil and Natural Gas Corporation (ONGC)
6.3.14 China National Petroleum Corporation (CNPC)
6.3.15 Saudi Aramco
6.3.16 Abu Dhabi National Oil Company
6.3.17 NK Lukoil PAO
6.3.18 China Petroleum & Chemical Corporation (Sinopec)
6.3.19 Gazprom Neft PJSC
6.3.20 NK Rosneft' PAO
6.3.21 ENEOS Holdings Inc.
6.3.22 Petroleos Mexicanos (PEMEX)
6.3.23 Kuwait Petroleum Corporation
6.3.24 Petroliam Nasional Berhad (Petronas)
6.3.25 PT Pertamina
6.4 CAPEX Market Share Analysis of Oil and Gas Operators
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/pkquyu
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE American: NOG) (“Northern”) announced today that it closed on its previously announced acquisition of properties owned by Reliance Marcellus, LLC on April 1, 2021.
HIGHLIGHTS
MANAGEMENT COMMENTS
“We are pleased to have closed this transformational acquisition, which enhances our high-return national non-operated business model with a key move into the Marcellus,” commented Nick O’Grady, Northern’s Chief Executive Officer. “Furthermore, this transaction and our recent balance sheet advancements have positioned Northern as the natural consolidator of non-operated assets. With the Board and Management’s substantial ownership of Northern’s equity, we will only entertain transactions that clearly add immediate shareholder value and are accretive to our free cash flow and future dividend potential.”
ABOUT NORTHERN OIL AND GAS
Northern Oil and Gas, Inc. is a company with a primary strategy of investing in non-operated minority working and mineral interests in oil & gas properties, with a core area of focus in the premier basins within the United States. More information about Northern Oil and Gas, Inc. can be found at www.NorthernOil.com.
SAFE HARBOR
This press release contains forward-looking statements regarding future events and future results that are subject to the safe harbors created under the Securities Act of 1933, as amended (the “Securities Act”), and the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements other than statements of historical facts included in this release regarding Northern’s financial position, business strategy, plans and objectives of management for future operations and industry conditions are forward-looking statements. When used in this press release, forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “continue,” “anticipate,” “target,” “could,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may” or other words and similar expressions that convey the uncertainty of future events or outcomes. Items contemplating or making assumptions about actual or potential future production and sales, market size, collaborations, and trends or operating results also constitute such forward-looking statements.
Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond Northern’s control) that could cause actual results to differ materially from those set forth in the forward looking statements, including the following: changes in crude oil and natural gas prices; the pace of drilling and completions activity on Northern’s properties and properties pending acquisition; Northern’s ability to acquire additional development opportunities; potential or pending acquisition transactions; changes in Northern’s reserves estimates or the value thereof; disruptions to Northern’s business due to acquisitions and other significant transactions; general economic or industry conditions, nationally and/or in the communities in which Northern conducts business; changes in the interest rate environment, legislation or regulatory requirements; conditions of the securities markets; Northern’s ability to raise or access capital; changes in accounting principles, policies or guidelines; financial or political instability, acts of war or terrorism, and other economic, competitive, governmental, regulatory and technical factors affecting Northern’s operations, products and prices; and the COVID-19 pandemic and its related economic repercussions and effect on the oil and natural gas industry. Additional information concerning potential factors that could affect future financial results is included in the section entitled “Item 1A. Risk Factors” and other sections of Northern’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, as updated from time to time in amendments and subsequent reports filed with the SEC, which describe factors that could cause Northern’s actual results to differ from those set forth in the forward looking statements. Northern has based these forward-looking statements on its current expectations and assumptions about future events. While management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond Northern’s control. Northern does not undertake any duty to update or revise any forward-looking statements, except as may be required by the federal securities laws.
Mike Kelly, CFA
Chief Strategy Officer
(952) 476-9800
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Leading businesses collaborate with New York-based Common Energy to advance United States community solar.
NEW YORK--(BUSINESS WIRE)--Common Energy, a leading community solar provider, today announced collaborations with Microsoft, LinkedIn, Corning, Akamai Technologies, and VMware to bring a new sustainability benefit to each companies’ employees.
Through Common Energy’s Clean Energy Benefit Program, the companies’ employees can enroll to support new, local, community solar projects. The community solar projects generate clean energy that flows to the electrical grid, replacing fossil fuel and lowering emissions in the community. Each employee who enrolls in the program also receives clean energy credits that lower their electricity cost each month. There is no cost to the employer or the employee.
To date, partner employees across four states have enrolled in Common Energy’s program, supporting 50 MW of new clean energy capacity. Together, these projects will generate approximately 66 million kilowatt hours of clean energy and prevent approximately 32 million pounds of carbon emissions each year. Over the lifetime of the projects, the projects are expected to generate over 1 billion kilowatt hours of clean energy and prevent over 600 million pounds of carbon emissions.
The projects being supported through these programs are located across the country, serving both major cities and rural areas including: Carver, MA (2.8 MW, serving Greater Boston); Lostant, IL (2.9 MW, serving Greater Chicago); and Mecklenburg, NY (2.3 MW, serving New York’s Southern Tier).
Today’s announcement is the culmination of over three years of work beginning with Common Energy’s first corporate partnership with Corning in 2018. This initiative is believed to be the first large-scale program to directly involve employees in community solar. Unlike other companies, Common Energy only works on projects that bring new, clean energy to the grid, providing true additionality and real environmental impact.
“We’re proud to participate in this program offering our employees a way to reduce their carbon footprint and contribute to a greener future for all,” said Bennett Leff, Director of Sustainability, Corning Incorporated. “Our 170 years of invention and innovation have shown us that what we do today will ultimately determine how our world looks tomorrow.”
“This partnership with Common Energy is another significant step in advancing our global sustainability commitment, in alignment with Microsoft," says Peggy Brannigan, Director of Global Environmental Sustainability at LinkedIn. “LinkedIn’s vision of creating economic opportunity for every member of the global workforce includes helping to accelerate a clean energy economy and supporting green jobs. We believe these community solar projects do just that, and we’re excited to see the impact that this initiative will have on our workforce and the communities we serve.”
“Akamai invites our employees to join in lessening carbon emissions,” said Mike Mattera, Director, Corporate Sustainability, Akamai Technologies. “Common Energy offers a direct way for them to do so, and is easily replicable to all our U.S. offices.”
“At VMware, we have a long-standing commitment to sustainability,” said Natasha Tuck, Director, Sustainability and ESG at VMware. “Providing Common Energy’s Clean Energy Benefit Program to our employees in Boston is an impactful way for our people to participate in climate action. We hope to extend the program to more employees so we can continue to increase the adoption of renewable energy.”
“We are thrilled and honored to work with Microsoft, LinkedIn, Corning, Akamai and VMware on these important programs,” said Richard Keiser, CEO of Common Energy. “We hope that these partnerships will encourage more organizations to proactively engage their employees and members in sustainability in general and local community solar projects.”
“We are pleased to support these new solar projects with Common Energy,” said Adam Hecktman, Director, Microsoft Philanthropies. “Community solar is a great way to enable residents and our employees to live out their values and commitments to clean energy.”
Common Energy’s corporate programs are an extension of its core mission to accelerate the United States’ clean energy transition and enable the public to save money and lower emissions. Common Energy currently serves households in Illinois, Maine, Maryland, Massachusetts, Minnesota, New Jersey, New York, Rhode Island, and Oregon. Residents of these states can enroll for free at www.commonenergy.us. Corporations interested in partnering with Common Energy can email This email address is being protected from spambots. You need JavaScript enabled to view it..
About Common Energy
Common Energy is a leading community solar provider that services over 200MW of projects across the country. Common Energy’s programs enable homeowners, renters, and businesses to support clean energy, lower emission in their communities and save money on their electricity for free, with their existing utility account. To join a community solar project, enroll at www.commonenergy.us. Companies interested in implementing employee programs are encouraged to email This email address is being protected from spambots. You need JavaScript enabled to view it..
Haley Steinhauser
(562) 991-3170
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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 first quarter, ended March 31, 2021, will be released on Thursday, May 6, 2021 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, May 6, 2021 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, solid-state lighting applications with subsidiaries and offices around the world. Founded in 1994, the Company currently owns, exclusively licenses or has the sole right to sublicense more than 5,000 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 impact of the COVID-19 pandemic on the Company and otherwise, the Company’s technologies and potential applications of those technologies, 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 sections entitled “Risk Factors” in Universal Display Corporation’s Annual Report on Form 10-K for the year ended December 31, 2020 and subsequent Quarterly Reports on Form 10-Q. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.
Follow Universal Display Corporation
(OLED-C)
Darice Liu
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+1 609-964-5123
HOUSTON--(BUSINESS WIRE)--The Board of Directors of Murphy Oil Corporation (NYSE: MUR) today declared a quarterly cash dividend on the Common Stock of Murphy Oil Corporation of $0.125 per share, or $0.50 per share on an annualized basis. The dividend is payable on June 1, 2021, to stockholders of record as of May 17, 2021.
ABOUT MURPHY OIL CORPORATION
As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in providing energy that empowers people by doing right always, staying with it and thinking beyond possible. Murphy challenges the norm, taps into its strong legacy and uses its foresight and financial discipline to deliver inspired energy solutions. The company sees a future where it is an industry leader who is positively impacting lives for the next 100 years and beyond. Additional information can be found on the company’s website at www.murphyoilcorp.com.
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified through the inclusion of words such as “aim”, “anticipate”, “believe”, “drive”, “estimate”, “expect”, “expressed confidence”, “forecast”, “future”, “goal”, “guidance”, “intend”, “may”, “objective”, “outlook”, “plan”, “position”, “potential”, “project”, “seek”, “should”, “strategy”, “target”, “will” or variations of such words and other similar expressions. These statements, which express management’s current views concerning future events or results, are subject to inherent risks and uncertainties. Factors that could cause one or more of these future events or results not to occur as implied by any forward-looking statement include, but are not limited to: macro conditions in the oil and gas industry, including supply/demand levels, actions taken by major oil exporters and the resulting impacts on commodity prices; increased volatility or deterioration in the success rate of our exploration programs or in our ability to maintain production rates and replace reserves; reduced customer demand for our products due to environmental, regulatory, technological or other reasons; adverse foreign exchange movements; political and regulatory instability in the markets where we do business; the impact on our operations or market of health pandemics such as COVID-19 and related government responses; other natural hazards impacting our operations or markets; any other deterioration in our business, markets or prospects; any failure to obtain necessary regulatory approvals; any inability to service or refinance our outstanding debt or to access debt markets at acceptable prices; or adverse developments in the U.S. or global capital markets, credit markets or economies in general. For further discussion of factors that could cause one or more of these future events or results not to occur as implied by any forward-looking statement, see “Risk Factors” in our most recent Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K that we file, available from the SEC’s website and from Murphy Oil Corporation’s website at http://ir.murphyoilcorp.com. Murphy Oil Corporation undertakes no duty to publicly update or revise any forward-looking statements.
Investor Contacts:
Kelly Whitley, This email address is being protected from spambots. You need JavaScript enabled to view it., 281-675-9107
Megan Larson, This email address is being protected from spambots. You need JavaScript enabled to view it., 281-675-9470
Adjourned to Friday, June 4, 2021
LEAWOOD, KS--(BUSINESS WIRE)--Tortoise and the Board of Directors for its closed-end funds announced today that it intends to convene and then adjourn the special meeting of stockholders scheduled for 10 a.m., Central time, Wednesday, April 7, 2021 at 5100 W. 115th Place, Leawood, Kansas 66211. The special meeting will be adjourned until 10 a.m., Central time, Friday, June 4, 2021 in order to provide stockholders who have yet to vote their shares, additional time to do so.
“The adjournment provides us the opportunity to take into consideration the votes of additional shareholders,” said Brad Adams, CEO of Tortoise’s closed-end funds. “We believe the proposed merger is in the best interest of shareholders and the results, at present, indicate that a majority of shares voted thus far, are supportive of the merger.”
If you have not submitted a proxy, you are urged to do so promptly. No action is required by any stockholder who has previously delivered a proxy. If you need assistance voting your shares, please call our proxy agent, AST Fund Solutions at (866) 796-1285. Representatives are available 9 a.m. to 9 p.m. Eastern time, Monday through Friday.
Tortoise Capital Advisors, L.L.C. is the adviser to the funds.
For additional information on these funds, please visit cef.tortoiseecofin.com/ndp-ttp-combination/.
About Tortoise
Tortoise focuses on energy & power infrastructure and the transition to cleaner energy. Tortoise’s solid track record of energy value chain investment experience and research dates back more than 20 years. As one of the earliest investors in midstream energy, Tortoise believes it is well-positioned to be at the forefront of the global energy evolution that is underway. With a steady wins approach and a long-term perspective, Tortoise strives to make a positive impact on clients and communities. For additional information, please visit www.TortoiseEcofin.com.
Important Information About the Proposed Merger and Where to Find It
More information on the proposed merger between TTP and NDP is contained in the proxy materials filed by each of the funds. TTP and NDP have filed with the Securities and Exchange Commission (SEC) a joint proxy statement/prospectus with respect to the merger, and each fund has mailed a definitive joint proxy statement/prospectus to each of its stockholders that contains information about the proposed merger. Stockholders are urged to read the definitive joint proxy statement/prospectus carefully and in its entirety as it contains important information about the proposed merger. The joint proxy statement/prospectus and other documents filed by the funds are available for free at the SEC’s Web site, http://www.sec.gov and on the funds’ website at cef.tortoiseecofin.com. Stockholders can also obtain copies of the definitive joint proxy statement/prospectus, for free by dialing (866) 362-9331.
The funds, Tortoise Capital Advisors and certain of their respective directors, officers and affiliates may be deemed under the rules of the SEC to be participants in the solicitation of proxies from stockholders in connection with the proposed merger discussed herein. Information about the directors and officers of the funds may be found in the joint proxy statement/prospectus previously filed with the SEC.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain statements that may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the funds and Tortoise Capital Advisors believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the fund’s reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the funds and Tortoise Capital Advisors do not assume a duty to update this forward-looking statement.
Safe Harbor Statement
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.
Maggie Zastrow
(913) 981-1020
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Ambyint artificial lift optimization solutions now available in Azure Marketplace
HOUSTON--(BUSINESS WIRE)--#Azure--Ambyint, the leader in well lifecycle production optimization and artificial lift optimization, today announced a co-sell qualified partnership with Microsoft Corporation to provide oil & gas exploration and production (E&P) companies with solutions that optimize rod lift and plunger lift wells. Ambyint solutions leverage Microsoft Azure within its platform to increase production, lower operating expenses, and reduce GHG emissions by delivering production optimization at scale.
Ambyint solutions optimize oil & gas wells by automating anomaly detection, controller setpoint recommendations, setpoint changes, and production versus plan analytics to enable real-time production optimization. The company employs advanced physics-based models, deep subject matter expertise, and artificial intelligence to deliver highly scalable and proven applications. Ambyint solutions improve production volumes and workforce efficiencies while reducing operating expenses, emissions, and failure rates for mid- to large-sized operators across every major North American basin.
Ambyint’s partnership with Microsoft Azure allows for seamless deployment of Ambyint’s automated, domain-driven data ingestion and contextualization capabilities for SCADA systems and other oil & gas software’s batch and streaming data. The partnership also enables deployment of Ambyint’s proven production and artificial lift optimization applications into E&P companies’ existing Azure environments. Via technologies such as IoT Hub, AKS, Blob Storage, and PowerBI; Azure gives Ambyint the ability to deliver a customized data analytics experience, scalable data storage, and the processing power required to analyze terabytes of data daily.
“At Ambyint, we are focused on developing and deploying best-in-class solutions designed to deliver better production outcomes for our customers,” says Chris Robart, chief commercial officer at Ambyint. “Microsoft is a technology leader in energy, and our partnership with them will further drive innovation within our company and accelerate our customers’ digital transformation journeys.”
For more information, please visit our product listings for Ambyint InfinityRLTM, InfinityPLTM, and SmartStreamTM in the Azure Marketplace.
About Ambyint
Ambyint, a market leader in well lifecycle production optimization for the oil and gas industry, delivers step-change improvements to E&P production outcomes and margins by combining advanced physics and subject matter expertise with artificial intelligence to automate operations and production optimization workflows across all well types and artificial lift systems. www.ambyint.com.
About Microsoft
Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.
Ginger Shelfer, senior marketing manager
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LOWELL, Ark.--(BUSINESS WIRE)--J.B. Hunt Transport Services, Inc., (NASDAQ: JBHT) announced today that it expects to issue first quarter 2021 earnings after the market closes on Thursday, April 15, 2021. It will hold a conference call from 4:00-5:00 p.m. CT on the same day to discuss the quarterly results and answer questions from the investment community. To participate in the call, dial 1-833-397-0851 (domestic) or 516-575-8759 (international) 15 minutes prior to the start of the call and provide the following conference ID: 4345296
This press release may contain forward-looking statements, which are based on information currently available. Actual results may differ materially from those currently anticipated due to a number of factors, including, but not limited to, those discussed in Item 1A of our Annual Report filed on Form 10-K for the year ended December 31, 2020. We assume no obligation to update any forward-looking statement to the extent we become aware that it will not be achieved for any reason. This press release and additional information will be available immediately to interested parties on our website, www.jbhunt.com.
A. Brad Delco
Vice President – Finance & Investor Relations
(479) 820-2723
DUBLIN--(BUSINESS WIRE)--The "Global LPG Market - Forecasts from 2021 to 2026" report has been added to ResearchAndMarkets.com's offering.
The global liquified petroleum gas (LPG) market is expected to grow at a compound annual growth rate of 4.91% over the forecast period to reach a market size of US$153.146 billion in 2026 from US$109.493 billion in 2020.
LPG is a by-product of propane and butane, and mainly extracted through refineries (crude oil) or natural gas (propane and butane's by-product), which differs area to area, such as in North America, majority of supply of LPG is from natural gases, where United States and Canada are the major exporters of LPG, and that in Asia Pacific is from refineries' extraction. At global level, the majority of extraction of LPG in the market is from natural gas, mainly contributed by North America, Europe, Middle East. Considering the different methods of extraction (natural gas and refinery), the natural gas process is more appealing as it involves a gas separation facility, which extracts the LPG easily and cost-effectively, whereas the refineries involve high installation cost of liquefaction process. The distribution of LPG can be done through tankers, drums, or pipelines, depending on the logistics and demand of the good.
Liquified petroleum gas is a clean fuel, cost effective in use and an environment friendly substitute for the gasoline and diesel in the market that is boosting the demand for the LPG. The major drivers for the global LPG market are increase in consumption of LPG due to increase in population growth, government initiatives to use the cleaner fuel, industrialization, and urbanization, increasing investments in developing countries, and improving R&D. While, the storage issue of LPG, irregular domestic supply of LPG, high installation cost of LPG to liquefaction process are the major restraints in this market. Due to the properties of LPG such as highly in-flammable and so on creates the problem for the suppliers to store it and supply it accordingly. Among the application segment, the residential and commercial segments are the dominant segments globally due to the increasing investments and increase in urbanization and industrialization. Since people's preference towards traditional uses of fuel and government initiatives has been boosting the demand for the LPG worldwide
COVID-19 Impact
The pandemic COVID-19 has adversely impacted the global demand for LPG in the market, especially in commercial sector, and hence, impacted the growth rate of it. On the other side, the residential demand for personal consumption purposes such as household cooking has increased. Overall, the increasing demand for the LPG has projected a positive growth in upcoming period. Due to lockdowns, the demand of LPG in Europe continues to affect adversely in the market. In other regions, several players are entering into the market with the aim to fulfill the demand for LPG. US and Russia are expanding in the LPG market to acquire the significant market share
Companies Mentioned
Key Topics Covered:
1. Introduction
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
2.2. Assumptions
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Global Liquified Petroleum Gas Market Analysis, By technology
5.1. Introduction
5.2. Refinery
5.3. Associated gas
5.4. Non-associated gas
6. Global Liquified Petroleum Gas Market Analysis, By Application
6.1. Introduction
6.2. Residential
6.3. Transport
6.4. Commercial
6.5. Refinery
7. Global Liquified Petroleum Gas Market Analysis, by Geography
7.1. Introduction
7.2. North America
7.3. South America
7.4. Europe
7.5. The Middle East and Africa
7.6. Asia Pacific
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/jak7da
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Spets brings a history of corporate transformation, innovation, and globalisation to company’s leadership team
LONDON--(BUSINESS WIRE)--Highview Power, the global leader in long duration energy storage solutions, is pleased to announce that Ms. Sini Spets has joined Highview Power’s leadership team as Vice President of People and Strategy, effective April 15, 2021. Spets brings over 20 years of transformative human resources (HR) and business development experience leading change and globalisation at some of the world’s largest energy companies, like MHI Vestas Offshore Wind, Sumitomo SHI FW, and Wärtsilä Services. Her specialties include driving cultural changes, identifying new revenue streams, and introducing innovative ways of working and nurturing talent.
Before joining the Highview Power team, Spets was Head of People at MHI Vestas Offshore Wind, one of the world’s largest developers of wind turbines. She helped spearhead efforts to restructure the organization’s leadership as it prepared for the Vestas merger.
“Sini’s leadership and global expertise will be critical as we continue expanding our CRYOBattery™ long duration energy storage plants globally. She’ll help ensure linearity within our organization during our time of rapid growth,” said Javier Cavada, CEO and President of Highview Power. “Sini is a fantastic addition to our team and is as passionate about a carbon-free world as we are. We’re honoured to have someone of her calibre join us.”
Prior to Highview Power, Spets held several positions at Nokia HR over the course of her eight-year tenure at the tech company, where she provided operational and tactical support for business management in research and development, and manufacturing in Finland, Romania, and Colombia.
Spets joined Wärtsilä Services in 2008 as the business HR manager and ended her 10-year stint as the Vice President of Business Development, responsible for strategy, mergers, acquisitions, and software and analytics development. Her final position before MHI Vestas Offshore Wind was with Sumitomo SHI FW (SFW) as its Senior Vice President of Innovation and Human Resources. During her SFW career she created multiple new partnerships and business lines.
Spets earned a Master’s in Psychology from the University of Joensuu. In addition to her university degree, Spets has completed several trainings and certificate programs, including a two-year advanced organizational consulting program at Metanoia Institute and the Driving Innovation program, hosted by IMD and MIT Sloan.
Highview Power’s proprietary CRYOBattery™ technology utilizes air, which is cleaned, cooled, stored as a liquid, then converted back to gas to drive a turbine which produces electricity. It is the only long duration energy storage solution that is commercially available today that offers multiple gigawatt-hours of storage, is scalable with no size limitations or geographical constraints, and produces zero emissions.
About Highview Power
Highview Power is a developer of CRYOBattery™ long duration energy storage systems based on the company’s cryogenic energy storage technology, which uses liquid air as the storage medium and can deliver anywhere from 20 MW/100 MWh to more than 200 MW/2 GWh of energy and has a lifespan over 30 years. Developed using proven components from mature industries, it delivers pumped-hydro capabilities without geographical constraints and can be configured to convert waste heat and cold to power that delivers reliable and cost-effective long duration energy storage to enable a 100% renewable energy future. For more information, please visit http://www.highviewpower.com.
Wendy Prabhu
Mercom Communications
www.mercomcapital.com
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+1.512.215.4452
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