LONDON & NEW YORK & ANTWERP, Belgium--(BUSINESS WIRE)--$EVTL--Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering electric aviation, announces today that FLYINGGROUP, one of Europe’s leading business jet operators, has conditionally pre-ordered up to 50 VX4 aircraft.
FLYINGGROUP, which began operations in Antwerp in 1995, operates from aircraft bases across Europe and the Middle East. Currently managing 45 conventional aircraft, today’s pre-order announcement forms part of FLYINGGROUP’s new approach to sustainable aviation, embedding zero emissions transport options into its fleet. The integration of the VX4 into its existing services will provide their customers with a sustainable, innovative, and efficient regional air mobility alternative and transform their first and last 100-mile journeys.
Vertical has already sold its VX4 to a diverse range of customers including aircraft lessors, airlines, and helicopter operators, including American Airlines, Virgin Atlantic, Avolon and Bristow. Today’s announcement represents Vertical’s first commercial agreement within the business aviation market, a further demonstration of the significant market demand for the VX4. This partnership increases Vertical’s conditional pre-order book to up to 1,400 aircraft with a total value of $5.6bn.
The two parties have agreed to launch a Joint Working Group (JWG) to begin exploring FLYINGGROUP’s application of using the VX4 in the business aviation market, including individual ownership, low volume operation and fractional ownership. The JWG will also explore the terms and conditions of a Maintenance, Repair and Overhaul (MRO) service centre, potentially granting FLYINGGROUP the right to perform MRO services for their fleet and to support their private sales.
The piloted zero operating emissions four-passenger VX4, is projected to be capable of travelling distances of 100 miles (160 km), at a top speed of 200mph (320km/h), while producing minimal noise and has a low cost per passenger mile.
Stephen Fitzpatrick, Founder & CEO, Vertical Aerospace, said “We are delighted to partner with FLYINGGROUP to change the way people travel throughout the business aviation market. With this provisional pre-order, FLYINGGROUP can look to a future where they can continue to provide quality to business clients - but now with zero emissions.”
Bernard Van Milders, Founder of FLYINGGROUP, said “Now that we’re also enabling flexible and energy-efficient regional travel, we are honoured to partner with Vertical’s team and their state-of-the-art aircraft. Going electric is the next big step in our sustainability plan. Not only will we be expanding our fleet with the most advanced electric eVTOLs; we will be able to accommodate our clients and guests with the newest zero-carbon ‘door-to-door’ private and business aviation. By connecting airports with cities and ports, FLYINGGROUP is bringing a new wave of business travel to corporations and individuals.”
About Vertical Aerospace
Vertical Aerospace is pioneering electric aviation. The company was founded in 2016 by Stephen Fitzpatrick, an established entrepreneur best known as the founder of the Ovo Group, a leading energy and technology group and Europe’s largest independent energy retailer. Over the past five years, Vertical has focused on building the most experienced and senior team in the eVTOL industry, who have over 1,700 combined years of engineering experience, and have certified and supported over 30 different civil and military aircraft and propulsion systems.
Vertical’s top-tier partner ecosystem is expected to de-risk operational execution and its pathway to certification allows for a lean cost structure and enables production at scale. Vertical has a market-leading pre-order book by value for a total of up to 1,400 aircraft from global customers creating multiple potential near term and actionable routes to market. Customers include American Airlines, Virgin Atlantic, Avolon, Bristow, Marubeni, Iberojet and FLYINGGROUP, as well as Japan Airlines (JAL), Gol, Air Greenland, Gozen Holding and AirAsia, through Avolon’s VX4 placements.
Vertical’s ordinary shares and warrants commenced trading on the NYSE in December 2021 under the tickers “EVTL” and “EVTLW,” respectively.
Vertical Media Kit
Available here
About FLYINGGROUP
FLYINGGROUP has been active since 1995 from Antwerp, where the head office is also located. Over the years, the company has expanded its activities to other airbases in Europe and the Middle East (Brussels, Kortrijk-Wevelgem, Amsterdam, Eindhoven, Luxembourg, Paris, Malta and Dubai).
FLYINGGROUP takes care of the entire management of its customers’ business aircraft, including maintenance, CAMO, certification, crew management, charter sales and flight operations. The pursuit of high-quality service has led to ever-increasing customer confidence. As a result, the company is a reference in private and business aviation in Europe.
FLYINGGROUP currently manages 45 aircraft, fifteen of which are based in Antwerp, Belgium. In 2021, 12,739 flight hours were performed. The consolidated turnover amounted to more than 110 million euros in the previous financial year.
FLYINGGROUP has more than 233 experienced employees worldwide, including 135 crewmembers and 90 people work at the group’s head office in Antwerp, Belgium.
Find out more: flyinggroup.aero
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any express or implied statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding the certification and the commercialization of the VX4 and related timelines, the differential strategy compared to its peer group, and the transition towards a net-zero emissions economy, expected financial performance and operational performance for the fiscal year ending December 31, 2022, as well as statements that include the words “expect,” “intend,” “plan,” “believe,” “project,” “forecast,” “estimate,” “may,” “should,” “anticipate,” “will,” “aim,” “potential,” “continue,” “are likely to” and similar statements of a future or forward-looking nature. Forward-looking statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation: Vertical’s limited operating history without manufactured non-prototype aircraft or completed eVTOL aircraft customer order; Vertical’s history of losses and the expectation to incur significant expenses and continuing losses for the foreseeable future; the market for eVTOL aircraft being in a relatively early stage; the potential inability of Vertical to produce or launch aircraft in the volumes and on timelines projected; the potential inability of Vertical to obtain the necessary certifications on the timelines projected; any accidents or incidents involving eVTOL aircraft could harm Vertical’s business; Vertical’s dependence on partners and suppliers for the components in its aircraft and for operational needs; the potential that certain of Vertical’s strategic partnerships may not materialize into long-term partnership arrangements; pre-orders Vertical has received for its aircraft are conditional and may be terminated at any time in writing prior to certain specified dates; any potential failure by Vertical to effectively manage its growth; the impact of COVID-19 on Vertical’s business; Vertical has identified material weaknesses in its internal controls over financial reporting and may be unable to remediate the material weaknesses; Vertical’s dependence on our senior management team and other highly skilled personnel; as a foreign private issuer Vertical follows certain home country corporate governance rules, is not subject to U.S. proxy rules and is subject to Exchange Act reporting obligations that, to some extent, are more lenient and less frequent than those of a U.S. domestic public company; and the other important factors discussed under the caption “Risk Factors” in our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) on April 29, 2022, as such factors may be updated from time to time in Vertical’s other filings with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. Vertical disclaims any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.
Vertical Media
Samuel Emden
This email address is being protected from spambots. You need JavaScript enabled to view it.
+44 7816 459 904
Vertical Investors
Eduardo Royes
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+1 (646) 200-8871
LIBERTY LAKE, Wash.--(BUSINESS WIRE)--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced today that it will release financial results for the quarter ended June 30, 2022 before the opening of market on Thursday, Aug. 4, 2022. The company’s press release and financial statements will be available on the company’s website at https://investors.itron.com on Aug. 4, 2022 at 8:30 a.m. EDT followed by the management conference call at 10 a.m. EDT to discuss the results.
Interested parties may listen to the conference call on a live webcast. The webcast, along with a supplemental presentation, may be accessed from the company’s website at https://investors.itron.com/events.cfm. Participants should access the webcast 10 minutes prior to the start of the call to install and test any necessary audio software. Participants can also pre-register for the webcast at any time using the link above.
A telephone replay of the conference call will be available through Aug 9, 2022. To access the telephone replay, dial 888-203-1112 or 719-457-0820 and enter passcode 5692928.
About Itron
Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.
Itron® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners, and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.
Itron, Inc.
Kenneth P. Gianella
Vice President, Investor Relations
(669) 770-4643
David Means
Director, Investor Relations
(737) 242-8448
LONDON & NEW YORK & ANTWERP, Belgium--(BUSINESS WIRE)--$EVTL--Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering electric aviation, announces today that FLYINGGROUP, one of Europe’s leading business jet operators, has conditionally pre-ordered up to 50 VX4 aircraft.
FLYINGGROUP, which began operations in Antwerp in 1995, operates from aircraft bases across Europe and the Middle East. Currently managing 45 conventional aircraft, today’s pre-order announcement forms part of FLYINGGROUP’s new approach to sustainable aviation, embedding zero emissions transport options into its fleet. The integration of the VX4 into its existing services will provide their customers with a sustainable, innovative, and efficient regional air mobility alternative and transform their first and last 100-mile journeys.
Vertical has already sold its VX4 to a diverse range of customers including aircraft lessors, airlines, and helicopter operators, including American Airlines, Virgin Atlantic, Avolon and Bristow. Today’s announcement represents Vertical’s first commercial agreement within the business aviation market, a further demonstration of the significant market demand for the VX4. This partnership increases Vertical’s conditional pre-order book to up to 1,400 aircraft with a total value of $5.6bn.
The two parties have agreed to launch a Joint Working Group (JWG) to begin exploring FLYINGGROUP’s application of using the VX4 in the business aviation market, including individual ownership, low volume operation and fractional ownership. The JWG will also explore the terms and conditions of a Maintenance, Repair and Overhaul (MRO) service centre, potentially granting FLYINGGROUP the right to perform MRO services for their fleet and to support their private sales.
The piloted zero operating emissions four-passenger VX4, is projected to be capable of travelling distances of 100 miles (160 km), at a top speed of 200mph (320km/h), while producing minimal noise and has a low cost per passenger mile.
Stephen Fitzpatrick, Founder & CEO, Vertical Aerospace, said “We are delighted to partner with FLYINGGROUP to change the way people travel throughout the business aviation market. With this provisional pre-order, FLYINGGROUP can look to a future where they can continue to provide quality to business clients - but now with zero emissions.”
Bernard Van Milders, Founder of FLYINGGROUP, said “Now that we’re also enabling flexible and energy-efficient regional travel, we are honoured to partner with Vertical’s team and their state-of-the-art aircraft. Going electric is the next big step in our sustainability plan. Not only will we be expanding our fleet with the most advanced electric eVTOLs; we will be able to accommodate our clients and guests with the newest zero-carbon ‘door-to-door’ private and business aviation. By connecting airports with cities and ports, FLYINGGROUP is bringing a new wave of business travel to corporations and individuals.”
About Vertical Aerospace
Vertical Aerospace is pioneering electric aviation. The company was founded in 2016 by Stephen Fitzpatrick, an established entrepreneur best known as the founder of the Ovo Group, a leading energy and technology group and Europe’s largest independent energy retailer. Over the past five years, Vertical has focused on building the most experienced and senior team in the eVTOL industry, who have over 1,700 combined years of engineering experience, and have certified and supported over 30 different civil and military aircraft and propulsion systems.
Vertical’s top-tier partner ecosystem is expected to de-risk operational execution and its pathway to certification allows for a lean cost structure and enables production at scale. Vertical has a market-leading pre-order book by value for a total of up to 1,400 aircraft from global customers creating multiple potential near term and actionable routes to market. Customers include American Airlines, Virgin Atlantic, Avolon, Bristow, Marubeni, Iberojet and FLYINGGROUP, as well as Japan Airlines (JAL), Gol, Air Greenland, Gozen Holding and AirAsia, through Avolon’s VX4 placements.
Vertical’s ordinary shares and warrants commenced trading on the NYSE in December 2021 under the tickers “EVTL” and “EVTLW,” respectively.
Vertical Media Kit
Available here
About FLYINGGROUP
FLYINGGROUP has been active since 1995 from Antwerp, where the head office is also located. Over the years, the company has expanded its activities to other airbases in Europe and the Middle East (Brussels, Kortrijk-Wevelgem, Amsterdam, Eindhoven, Luxembourg, Paris, Malta and Dubai).
FLYINGGROUP takes care of the entire management of its customers’ business aircraft, including maintenance, CAMO, certification, crew management, charter sales and flight operations. The pursuit of high-quality service has led to ever-increasing customer confidence. As a result, the company is a reference in private and business aviation in Europe.
FLYINGGROUP currently manages 45 aircraft, fifteen of which are based in Antwerp, Belgium. In 2021, 12,739 flight hours were performed. The consolidated turnover amounted to more than 110 million euros in the previous financial year.
FLYINGGROUP has more than 233 experienced employees worldwide, including 135 crewmembers and 90 people work at the group’s head office in Antwerp, Belgium.
Find out more: flyinggroup.aero
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any express or implied statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding the certification and the commercialization of the VX4 and related timelines, the differential strategy compared to its peer group, and the transition towards a net-zero emissions economy, expected financial performance and operational performance for the fiscal year ending December 31, 2022, as well as statements that include the words “expect,” “intend,” “plan,” “believe,” “project,” “forecast,” “estimate,” “may,” “should,” “anticipate,” “will,” “aim,” “potential,” “continue,” “are likely to” and similar statements of a future or forward-looking nature. Forward-looking statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation: Vertical’s limited operating history without manufactured non-prototype aircraft or completed eVTOL aircraft customer order; Vertical’s history of losses and the expectation to incur significant expenses and continuing losses for the foreseeable future; the market for eVTOL aircraft being in a relatively early stage; the potential inability of Vertical to produce or launch aircraft in the volumes and on timelines projected; the potential inability of Vertical to obtain the necessary certifications on the timelines projected; any accidents or incidents involving eVTOL aircraft could harm Vertical’s business; Vertical’s dependence on partners and suppliers for the components in its aircraft and for operational needs; the potential that certain of Vertical’s strategic partnerships may not materialize into long-term partnership arrangements; pre-orders Vertical has received for its aircraft are conditional and may be terminated at any time in writing prior to certain specified dates; any potential failure by Vertical to effectively manage its growth; the impact of COVID-19 on Vertical’s business; Vertical has identified material weaknesses in its internal controls over financial reporting and may be unable to remediate the material weaknesses; Vertical’s dependence on our senior management team and other highly skilled personnel; as a foreign private issuer Vertical follows certain home country corporate governance rules, is not subject to U.S. proxy rules and is subject to Exchange Act reporting obligations that, to some extent, are more lenient and less frequent than those of a U.S. domestic public company; and the other important factors discussed under the caption “Risk Factors” in our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) on April 29, 2022, as such factors may be updated from time to time in Vertical’s other filings with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. Vertical disclaims any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.
Vertical Media
Samuel Emden
This email address is being protected from spambots. You need JavaScript enabled to view it.
+44 7816 459 904
Vertical Investors
Eduardo Royes
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+1 (646) 200-8871
HOUSTON--(BUSINESS WIRE)--SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or “the Company”) announced today it will release financial and operating results for the second quarter 2022 and post an updated corporate presentation after market close on Wednesday, August 3, 2022. SilverBow will host a conference call to discuss its results on Thursday, August 4, 2022 at 11:00 a.m. Central Time (12:00 p.m. Eastern Time).
Dial-In: |
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1-888-415-4465 (U.S.) |
1-646-960-0140 (International) |
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Request SilverBow Resources Second Quarter 2022 Earnings Conference Call |
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Conference ID: 5410161 |
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Webcast: |
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Live and rebroadcast over the internet at: |
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Replay: |
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A replay will be available approximately two hours after the call through Thursday, September 1, 2022 at 10:59 p.m. Central Time (11:59 p.m. Eastern Time). The replay may be accessed by dialing 1-800-770-2030 or 1-647-362-9199, and referencing the Conference ID: 5410161. |
ABOUT SILVERBOW RESOURCES, INC.
SilverBow Resources, Inc. (NYSE: SBOW) is a Houston-based energy company actively engaged in the exploration, development, and production of oil and gas in the Eagle Ford Shale and Austin Chalk in South Texas. With over 30 years of history operating in South Texas, the Company possesses a significant understanding of regional reservoirs which it leverages to assemble high quality drilling inventory while continuously enhancing its operations to maximize returns on capital invested. For more information, please visit www.sbow.com. Information on the Company’s website is not part of this release.
Jeff Magids
Director of Finance & Investor Relations
(281) 874-2700, (888) 991-SBOW
DUBLIN--(BUSINESS WIRE)--#KBRA--KBRA Europe (KBRA) releases research on the European energy crisis stemming from the war in Ukraine and subsequent economic sanctions against Russia. Energy prices have been elevated in recent months, and supply has recently come under threat. Gas in particular is in the spotlight, as Russia on 11 July began a temporary shutdown of its Nord Stream 1 pipeline for scheduled maintenance. Concerns are growing that Russian gas supply to Europe will not resume at optimum levels, leaving industries and governments scrambling.
The report examines the potential economic impact of this energy crisis, including implications if there were a full stoppage of Russian gas. At this juncture, Europe appears poised to be more resilient than many realise; however, the outlook is highly uncertain, and outcomes will depend on whether Europe can smoothly adjust to the energy shock.
Key Takeaways
Click here to view the report.
Related Publications
About KBRA
KBRA is a full-service credit rating agency registered in the U.S., the EU and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.
Ken Egan, Director, Sovereigns
+353 1 588 1275
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Gordon Kerr, Head of European Research
+44 20 8148 1020
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Karim Nassif, Director, Project Finance & Infrastructure
+353 1 588 1245
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Business Development Contact
Mauricio Noé, Co-Head of Europe
+44 20 8148 1010
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HOUSTON--(BUSINESS WIRE)--Gulf Coast Ultra Deep Royalty Trust (OTC Pink: GULTU) (the Trust) announced today that it will distribute to unitholders a cash distribution totaling $305,382 for the quarter ended June 30, 2022. Unitholders of record on July 29, 2022 will receive a cash distribution of $0.001327 per unit payable on August 12, 2022.
Natural gas (Mcf) sales volumes, average sales price and net cash proceeds available for distribution for the quarter ended June 30, 2022 are set forth in the table below:
Natural gas (Mcf) sales volumes (a) |
|
107,110 |
|
|
Natural gas (per Mcf) average sales price |
$ |
5.30 |
|
|
Gross proceeds |
$ |
568,076 |
|
|
Post-production costs and specified taxes |
|
(42,387 |
) |
|
Royalty income |
|
525,689 |
|
|
Interest and dividend income |
|
366 |
|
|
Administrative expenses |
|
(211,923 |
) |
|
Income in excess of administrative expenses |
|
314,132 |
|
|
Increase in minimum cash reserve |
|
(8,750 |
) |
|
Cash proceeds available for distribution |
$ |
305,382 |
|
(a) Attributable to the onshore Highlander subject interest which is the only subject interest with commercial production. |
About Gulf Coast Ultra Deep Royalty Trust. The Trust is a Delaware statutory trust created to hold a 5% gross overriding royalty interest in future production from specified Inboard Lower Tertiary/Cretaceous exploration prospects located in the shallow waters of the Gulf of Mexico and onshore in South Louisiana that existed as of December 5, 2012, which are collectively referred to as subject interests. The subject interests and the Trust’s overriding royalty interests are described in the Trust’s filings with the Securities and Exchange Commission (SEC). As described in the Trust’s SEC filings, future distributions are not guaranteed and will depend on the proceeds received by the Trust as a result of actual production volumes, oil and gas prices, post-production costs and specified taxes, and the amount and timing of the Trust’s administrative expenses, among other factors. For additional information on the Trust, please visit http://gultu.q4web.com/home/default.aspx.
Cautionary Statement Regarding Forward-Looking Information. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are all statements other than statements of historical facts, such as any statements regarding the amount and date of quarterly distributions to unitholders. Forward-looking statements are not guarantees or assurances of future performance and actual results may differ materially from those anticipated, projected or assumed in the forward-looking statements. Important factors that may cause actual results to differ materially from those anticipated by the forward-looking statements include, but are not limited to, the amount of cash received or expected to be received by the Trustee from the underlying properties on or prior to a record date for a quarterly cash distribution. Any differences in actual cash receipts by the Trust could affect the amount of quarterly cash distributions. Other important factors that may cause actual results to differ materially include risks inherent in production of oil and gas properties, the ability of commodity purchasers to make payment, the economic effects of the COVID-19 pandemic and federal, state and local governmental actions in response to the pandemic, and other risk factors described in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC. The Trust's annual, quarterly and other filed reports are or will be available over the Internet at the SEC's website at http://www.sec.gov. Statements made in this press release are qualified by the cautionary statements made in this press release. The Trust cautions investors that it does not intend, and assumes no obligation, to update any of the statements included in this press release.
The Bank of New York Mellon Trust Company, N.A. serves as trustee of the Trust. If you have any questions related to the Trust, please see below for contact information:
Gulf Coast Ultra Deep Royalty Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Sarah Newell
(512) 236-6555
DUBLIN--(BUSINESS WIRE)--The "USA and Canada Upstream and Oilfield Services 2022" report has been added to ResearchAndMarkets.com's offering.
The report's goal is to provide a complete picture of trends that transformed the regional oil and gas industry in the last 15 years.
In the last ten years, thanks to the shale revolution, the US and Canada combined production propelled the region to the largest oil and gas producer in the World. In 2021 the region accounted for almost 25% of liquids production and for 28% of gas compared to 12% and 24% in 2007. The growth took its toll in difficult to manage debt loads and unhappy investors.
Yet, the good news is that the growth did not exhaust the region's potential which remains large and readily available for expansion. Russian invasion into Ukraine is slowly changing future of the global oil and gas balances with the US and Canada playing the key role in the transition.
The region hosts the largest OFS market in the World whether at a peak or during sectoral downturns. However, the market is difficult to navigate successfully. Sharp swings in activity and prices along with a significant change in the technology make investment in the market cumbersome and returns uncertain. High investment required during growth leaves companies with heavy debt burden when the market is in the downturn.
Unlike in other regions, the US OFS market is particularly vulnerable to volatility. It fell in 2009, it shrank sharply in 2015-2016. The US and Canada OFS market experienced yet another shock in 2020 with the market collapsing by over 50% due to falling activity levels and enormous price pressures. The report includes the analysis of these shocks. After each cycle, many players went bankrupt, and capacities found new owners who will continue supplying the market with needed equipment and expertise.
The future of the industry in the changing global conditions is bright despite a seemingly slow recovery of 2021-2022. However, it will experience the overheating period between now and 2030 despite efforts to collectively manage the growth.
The report snapshot:
The report is a tool for anyone who is strategically involved in oil and gas upstream and OFS globally. It is written by a strategic consultant who views the industry through the lens of the top executive or seasoned investor.
The report is highly visual with lots of graphs and numerical values which allows for a quick and easy understanding of the trends. It also contains enough details to dive in.
Key Topics Covered:
1 Abstract
2 Changes in global hydrocarbons production in 2007-2021
2.1 Global crude oil, condensate and NGL production
2.2 Global production of natural gas
2.3 Crude oil prices, hydrocarbon production and OFS spending
3 The US oil and gas production in 2007-2021
3.1 Crude oil production in the USA overview
3.2 Natural gas withdrawals in the USA overview
3.3 Canada oil and gas overview
4 Oilfield services activity in the US and Canada
4.1 Drilling
4.2 Fracturing
4.3 Wells and workovers
5 Forecast of Upstream and OFS development in North America
6 Oilfield services market in the US and Canada
6.1 The US and Canada Oilfield Services Market in 2007-2021
6.2 Forecast of the US and Canada Oilfield Services Market in 2022-2030
6.3 Land Drilling Segment
6.4 Land Drilling Fluids (Mud)
6.5 Drill bits and downhole mud motors
6.6 MWD/LWD and Rotary Steering Systems (land)
6.7 Cementing
6.8 Casing
6.9 Completion equipment
6.10 Wireline logging and perforation
6.11 Fracturing and water/proppant
6.12 Workover and Coiled Tubing
6.13 Artificial Lift Systems and Tubing
6.14 Offshore Oilfield Services
7 Physical activity and market estimates in key states and Canada
7.1 Texas
7.2 New Mexico
7.3 North Dakota
7.4 Oklahoma
7.5 Colorado
7.6 Louisiana
7.7 Pennsylvania
7.8 Ohio
7.9 Alaska
7.10 Gulf of Mexico and other offshore
7.11 Canada
7.11.1 Alberta
7.11.2 Saskatchewan
7.11.3 British Columbia
7.11.4 Manitoba
7.11.5 Newfoundland
8 Largest oil and gas companies in the US and Canada
8.1 EOG
8.2 ExxonMobil and XTO
8.3 Chevron Corporation
8.3.1 Noble Energy Inc. (Chevron)
8.4 Occidental Oil and Gas and Anadarko
8.4.1 Occidental Oil and Gas
8.4.2 Anadarko Petroleum Corporation (Occidental Petroleum)
8.5 Marathon Oil
8.6 Pioneer Natural Resources
8.7 Chesapeake Operating Inc.
8.8 Devon Energy Production Company
8.1 WPX Energy (Merged with Devon)
8.2 Conoco Phillips Company
8.2.1 Concho Operating (ConocoPhillips)
8.3 APA Corporation (Apache Corporation)
8.4 Continental Resources Inc.
8.5 Diamondback E&P LLC
8.6 Ovintiv (Encana) and Newfield Exploration
8.7 Southwestern Energy
8.8 Hess Corporation
8.9 Whiting Petroleum
8.10 Tourmaline Oil Corp.
8.11 Canadian Natural Resources
8.12 Arc Resources
8.13 IPC Canada
9 Largest OFS companies in North America
9.1 Large OFS companies overview
9.2 Halliburton Company
9.3 Schlumberger Limited
9.3.1 Cameron International
9.4 Liberty Oilfield Services Inc
9.5 Baker Hughes Company
9.6 Weatherford International PLC
9.7 NOV Inc.
9.8 Nabors Industries Ltd.
9.9 Helmerich & Payne Inc.
9.10 Patterson-UTI Energy Inc
9.11 Precision Drilling Corporation
9.12 Parker Drilling Company
9.13 Trican Well Services Ltd
9.14 Calfrac Well Services Ltd
9.15 STEP Energy Services Ltd
9.16 Key Energy Services Inc
9.17 NexTier Oilfield Solutions Inc
9.18 RPC Inc
9.19 KLX Energy Services Inc
9.20 Basic Energy Services Inc
9.21 Pioneer Energy Services Inc
9.22 Mammoth Services Inc
9.23 Nine Energy Services Inc
9.24 Transocean Ltd
9.25 Seadrill Ltd
9.26 Noble Corporation PLC
9.27 Diamond Offshore Drilling Inc.
9.28 Valaris PLC and Rowan Companies
9.29 Seventy-Seven Energy Inc.
9.30 AKITA Drilling
9.31 Ensign Energy Services (including Trinidad Drilling International JV)
9.32 Helix Energy Solutions Group
9.33 Superior Energy Services
9.34 ProPetro Holding Corp
9.35 Oceaneering International
9.36 Newpark
9.37 ProFrac (FTS International Inc)
9.38 ChampionX Corp and Apergy
9.39 NCS Multistage
9.40 Western Energy Services Corp
9.41 Total Energy
For more information about this report visit https://www.researchandmarkets.com/r/4t9yms
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) announced today that the board of directors of its general partner has declared the partnership’s quarterly cash distribution of $0.655 per limited partner unit ($2.620 annually) for the quarter ended June 30, 2022, which is flat quarter-over-quarter. In addition, Crestwood announced a quarterly cash distribution of $0.2111 per Class A preferred equity unit ($0.8444 annually). Both common and preferred distributions will be made on August 12, 2022, to unitholders of record as of August 5, 2022.
Crestwood plans to report financial results for the second quarter 2022 on Tuesday, July 26, 2022, before the New York Stock Exchange opens for trading. Following the announcement, management will host a conference call for investors and analysts at 9:00 a.m. Eastern Time (8:00 a.m. Central Time) that day to discuss the operating and financial results. Crestwood will provide an update on its operations and financial strategy at that time. The call will be broadcast live over the internet via audio webcast. Investors will be able to connect to the webcast via the “Investors” page of Crestwood’s website at www.crestwoodlp.com. Please log in at least ten minutes in advance to register and download any necessary software. A replay will be available shortly after the call for 90 days.
About Crestwood Equity Partners LP
Houston, Texas, based Crestwood Equity Partners LP (NYSE: CEQP) is a master limited partnership that owns and operates midstream businesses in multiple shale resource plays across the United States. Crestwood is engaged in the gathering, processing, treating, compression, storage and transportation of natural gas; storage, transportation, terminaling, and marketing of NGLs; gathering, storage, terminaling and marketing of crude oil; and gathering and disposal of produced water. Visit Crestwood Equity Partners LP at www.crestwoodlp.com; and to learn more about Crestwood’s sustainability efforts, please visit https://esg.crestwoodlp.com.
Forward Looking Statements
This press release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal securities law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. These risks and assumptions are described in Crestwood’s annual reports on Form 10-K and other reports that are available from the United States Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements, which reflect management’s view only as of the date made. We undertake no obligation to update any forward-looking statement, except as otherwise required by law.
Tax Notice to Foreign Investors
This release serves as qualified notice to nominees under Treasury Regulation Sections 1.1446-4(b)(4) and (d). Please note that 100% of Crestwood’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of Crestwood’s distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate for individuals or corporations, as applicable. Nominees, and not Crestwood, are treated as the withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.
Crestwood Equity Partners LP
Investor Contact
Rhianna Disch, 713-380-3006
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Director, Investor Relations
Sustainability and Media Contact
Joanne Howard, 832-519-2211
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Senior Vice President, Sustainability and Corporate Communications
CALGARY, Alberta--(BUSINESS WIRE)--(TSE: IMO, NYSE American: IMO) Brad Corson, chairman, president and chief executive officer, and Dave Hughes, vice-president, investor relations, Imperial Oil Limited, will host a 2022 Second Quarter Earnings Call on Friday, July 29, following the company’s second quarter earnings release that morning. The event begins at 9 a.m. MT and will be accessible by webcast.
During the call, Mr. Corson will offer brief remarks prior to taking questions from Imperial’s covering analysts.
Please click here [https://edge.media-server.com/mmc/p/ift5f3qj] to register for the live webcast. The webcast will be available for one year on the company’s website at www.imperialoil.ca/en-ca/company/investors.
After more than a century, Imperial continues to be an industry leader in applying technology and innovation to responsibly develop Canada’s energy resources. As Canada’s largest petroleum refiner, a major producer of crude oil, a key petrochemical producer and a leading fuels marketer from coast to coast, our company remains committed to high standards across all areas of our business.
Source: Imperial
Investor relations
(587) 476-4743
Media relations
(587) 476-7010
ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (NYSE:KNOP) (“The Partnership”)
Distribution
The Partnership announced today that its Board of Directors has declared a quarterly cash distribution with respect to the quarter ended June 30, 2022, of $0.52 per unit.
This corresponds to $2.08 per outstanding unit on an annualized basis.
This cash distribution will be paid on August 11, 2022 to all unitholders of record as of the close of business on July 28, 2022.
About KNOT Offshore Partners LP
KNOT Offshore Partners LP owns, operates and acquires shuttle tankers primarily under long-term charters in the offshore oil production regions of the North Sea and Brazil. KNOT Offshore Partners LP is structured as a publicly traded master limited partnership but is classified as a corporation for U.S. federal income tax purposes, and thus issues a Form 1099 to its unitholders, rather than a Form K-1. KNOT Offshore Partners LP’s common units trade on the New York Stock Exchange under the symbol “KNOP”.
Forward looking statements
This press release includes statements that may constitute forward-looking statements. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. Factors that can affect future results are discussed in the Annual Report on Form 20-F filed by the Partnership with SEC. The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.
KNOT Offshore Partners LP
Gary Chapman
Chief Executive Officer and Chief Financial Officer
Tel: +44 7496 170 620
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
The campus represents the company’s long-term commitment to advanced financial technology, economic growth and supporting local communities
SALT LAKE CITY--(BUSINESS WIRE)--Zions Bancorporation, N.A. (NASDAQ: ZION) today hosted a ribbon-cutting celebration at its new 400,000-square-foot technology campus in Midvale, Utah.
Located on the former Sharon Steel Mill Environmental Protection Agency Superfund site, the sustainably built campus will be the company’s primary technology and operations center, serving Zions’ affiliate banks in 11 western states, in addition to several national lines of business.
As one of Utah’s largest technology employers, Zions welcomes approximately 1,500 technology, operations and other employees to the Platinum LEED-certified building. Employee amenities include workspaces that maximize natural light and views, a large café featuring a healthy menu, bike lockers, adjacent community park with pickleball courts, sharable e-bikes, a community garden, and proximity to the Historic Gardner Village light rail station.
The building is constructed with low VOC-emitting materials, triple-pane exterior glass, and ultra-efficient heating and cooling systems. Up to 75% of the building’s electricity will be produced onsite by more than 2,000 photovoltaic panels. The campus includes 179 electric vehicle charging stations. Situated on a bluff overlooking the Jordan River Parkway, the property supports a regional habitat system through ecologically focused design and landscaping.
Designed by architectural firms WRNS Studios, and Method Studios, the project was built by Okland Construction and Layton Construction and managed by Gardner Company. Colliers International assisted Zions Bancorporation with the transaction. An estimated 1,500 workers were employed during the two-year construction project. The building features artwork commissioned by local artists Jann Haworth, Brian Kershisnik and Matt Monsoon.
During the ribbon-cutting celebration, Zions Bancorporation Chairman and CEO Harris H. Simmons presented a $100,000 donation to the Silicon Slopes Computer Science Fund, which promotes K-12 computer science outcomes for educators and students in Utah. A donation of $50,000 was also made to the Jordan River Foundation, and $10,000 was given to the Canyon School District Midvale Schools Farmers Market.
“Zions Bancorporation has long been known within the banking industry for its financial technology innovations, and in recent years we have been making industry-leading investments in our core banking systems while also investing heavily on digital banking capabilities,” said Zions Bancorporation Chairman and CEO Harris H. Simmons. “We believe this new campus will spur even greater innovation and operational effectiveness while materially reducing our overall occupancy expense.”
Zions Bancorporation, N.A. is one of the nation’s premier financial services companies with 2021 annual net revenue of $2.9 billion and approximately $90 billion in total assets. Zions operates under local management teams and distinct brands in 11 western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The Bank is a consistent recipient of national and state-wide customer survey awards in small and middle-market banking, as well as a leader in public finance advisory services and Small Business Administration lending. In addition, Zions is included in the S&P 500 and NASDAQ Financial 100 indices. Investor information and links to local banking brands can be accessed at zionsbancorporation.com.
James Abbott
Director of Investor Relations
Tel: (801) 844-7637
ALEXANDRIA, Va.--(BUSINESS WIRE)--VSE Corporation (NASDAQ: VSEC), a leading provider of aftermarket distribution and maintenance, repair and overhaul (MRO) services for land, sea and air transportation assets supporting government and commercial markets, today announced that it will issue second quarter 2022 results after market close on Wednesday, July 27, 2022. A conference call will be held Thursday, July 28, 2022 at 8:30 A.M. ET to review the Company’s financial results, discuss recent events and conduct a question-and-answer session.
A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of VSE’s website at https://ir.vsecorp.com. To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software.
To participate in the live teleconference on July 28, 2022:
Domestic Live: (877) 407-0789
International Live: (201) 689-8562
Web link: Click Here
To listen to a replay of the teleconference through August 11, 2022:
Domestic Replay: (844) 512-2921
International Replay: (412) 317-6671
Replay PIN Number: 13731169
ABOUT VSE CORPORATION
VSE is a leading provider of aftermarket distribution and repair services for land, sea and air transportation assets for government and commercial markets. Core services include maintenance, repair and overhaul (MRO) services, parts distribution, supply chain management and logistics, engineering support, and consulting and training services for global commercial, federal, military and defense customers. VSE also provides information technology and energy consulting services. For additional information regarding VSE’s services and products, visit us at www.vsecorp.com.
FORWARD LOOKING STATEMENTS
This release contains statements that, to the extent they are not recitations of historical fact, constitute “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. All such statements are intended to be subject to the safe harbor protection provided by applicable securities laws. For discussions identifying some important factors that could cause actual VSE results to differ materially from those anticipated in the forward-looking statements in this news release, see VSE’s public filings with the Securities and Exchange Commission. The forward-looking statements included herein are only made as of the date hereof, and VSE specifically disclaims any obligation to update these statements in the future.
INVESTOR RELATIONS: Noel Ryan | Phone: 720.778.2415 | This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Global Mergers and Acquisitions (M&A) Deals in 2021 - Top Themes in the Mining Sector - Thematic Research" report has been added to ResearchAndMarkets.com's offering.
This report analyzes the disruptive themes that have driven M&A activity in 2021 in the Mining Sector.
M&A deal value in the mining sector grew by 81% from $61 billion in 2020 to $111 billion in 2021. In terms of deal volume, 2021 recorded 1,502 deals compared to 1,744 in the previous year, recording a drop of 14%. There were 21 billion-dollar-plus M&A deals in the mining sector in 2021, compared to 15 in 2020.
Scope
Reasons to Buy
Key Topics Covered:
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/x6v5dh
Source: GlobalData
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
DEERFIELD, Ill.--(BUSINESS WIRE)--CF Industries Holdings, Inc. (NYSE: CF) today reported that its board of directors has declared a $0.40 per share dividend on its common stock. The dividend will be payable on August 31, 2022, to stockholders of record as of August 15, 2022.
Additionally, the Company announced that it will report its first half and second quarter 2022 results after the market close on Monday, August 1, 2022. The company plans to host a conference call to discuss these results at 10:00 a.m. ET on Tuesday, August 2, 2022.
Investors can access the call by dialing 833-634-5017 (toll-free) or 412-902-4213 (international) and asking to be joined into the CF Industries call. The conference call also will be available live on the Company’s website at www.cfindustries.com. Participants also may pre-register for the webcast on the Company’s website. Please log-in or dial-in at least 10 minutes prior to the start time to ensure a connection. A replay of the webcast will be available through the company’s website at www.cfindustries.com.
About CF Industries Holdings, Inc.
At CF Industries, our mission is to provide clean energy to feed and fuel the world sustainably. With our employees focused on safe and reliable operations, environmental stewardship, and disciplined capital and corporate management, we are on a path to decarbonize our ammonia production network – the world’s largest – to enable green and blue hydrogen and nitrogen products for energy, fertilizer, emissions abatement and other industrial activities. Our nine manufacturing complexes in the United States, Canada, and the United Kingdom, an unparalleled storage, transportation and distribution network in North America, and logistics capabilities enabling a global reach underpin our strategy to leverage our unique capabilities to accelerate the world’s transition to clean energy. CF Industries routinely posts investor announcements and additional information on the company’s website at www.cfindustries.com and encourages those interested in the company to check there frequently.
Media
Chris Close
Director, Corporate Communications
847-405-2542 – This email address is being protected from spambots. You need JavaScript enabled to view it.
Investors
Martin Jarosick
Vice President, Treasury and Investor Relations
847-405-2045 – This email address is being protected from spambots. You need JavaScript enabled to view it.
HOUSTON--(BUSINESS WIRE)--Consolidated Asset Management Services (CAMS), a fully-integrated service provider for owners of infrastructure assets, has been named one of the Best and Brightest Companies to Work For in the Nation® by the National Association for Business Resources (NABR). CAMS was also named to Houston’s Best and Brightest Companies to Work For® list earlier this year.
With over 20 years of experience conducting the Best and Brightest competitions, the NABR has identified numerous best human resource practices and provided benchmarking for companies that continue to be leaders in employment standards.
“We are honored to be recognized as one of the Best and Brightest Companies to Work For in the Nation®,” said CEO and Founder Joseph W. Sutton. “This award is validation of our ongoing commitment to continue to foster a great place to work while delivering sustainable solutions and value to our clients.”
The national winning companies were assessed by an independent research firm, which reviewed several key measures relative to other national recognized winners. This year, CAMS was one of 139 winning organizations honored out of 1,100 nominations from across the country.
“These 2022 winning organizations have stood out during unpredictable times and have proven they are an employer of choice,” said Jennifer Kluge, President and CEO of NABR and The Best and Brightest Program. “They continue to keep the needs of their employees first and provide perks that include development, wellbeing, work-life balance, rewards and recognition. In addition, these winning companies offer a fantastic work culture and workplace environment that attracts and retains superior employees.”
CAMS will be honored for its award during the virtual Illuminate Business Summit week in November 2022 and in the spring of 2023. The company will also be featured in the online edition of Corp! Magazine and in the Wall Street Journal.
About CAMS
CAMS is a privately held company providing Operations and Maintenance (O&M), Asset Management, Environmental, Social, and Governance (ESG), and Optimization services for energy and infrastructure assets. Our founding principle is to add value through superior management and operation of our clients’ energy infrastructure assets. To this end, we empower our employees to pursue creative and sustainable business practices in the field and at our corporate office that contribute to operational excellence, financial performance, a safe workplace, and a better community and environment. We do not take this responsibility lightly: We treat the assets with which we are entrusted as our own. For additional information, visit www.camstex.com.
About the Best and Brightest Programs
The Best and Brightest Companies to Work For® competition identifies and honors organizations that display a commitment to excellence in operations and employee enrichment that lead to increased productivity and financial performance. This competition scores potential winners based on regional data of company performance and a set standard across the nation. This national program celebrates those companies that are making better business, creating richer lives and building a stronger community as a whole. There are numerous regional celebrations throughout the country such as Atlanta, Boston, Chicago, Dallas, Detroit, Grand Rapids, Houston, Milwaukee, San Diego and San Francisco. Nominations are now being accepted for all programs. Visit thebestandbrightest.com to nominate your organization.
Corporate Communications
Melissa Kinsella
713.380.4752 | This email address is being protected from spambots. You need JavaScript enabled to view it.
AUSTIN, Texas--(BUSINESS WIRE)--USA Compression Partners, LP (NYSE: USAC) (“USA Compression”) today announced a cash distribution of $0.525 per common unit ($2.10 on an annualized basis) for the second quarter of 2022. The distribution will be paid on August 5, 2022 to unitholders of record as of the close of business on July 25, 2022.
Second Quarter 2022 Earnings Conference Call
In addition, USA Compression will release its second quarter 2022 results prior to the opening of U.S. financial markets on Tuesday, August 2. Management will conduct an investor conference call the same day starting at 11 a.m. Eastern Time (10 a.m. Central Time) to discuss financial and operating results. The call will be broadcast live over the internet. Investors may participate either by phone or audio webcast.
By Phone: |
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Dial 888-394-8218 inside the U.S. and Canada at least 10 minutes before the call and ask for the USA Compression Partners Earnings Call. Investors outside the U.S. and Canada should dial 323-701-0225. The conference ID for both is 9863431. |
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A replay of the call will be available through August 12, 2022. Callers inside the U.S. and Canada may access the replay by dialing 888-203-1112. Investors outside the U.S. and Canada should dial 719-457-0820. The conference ID for both is 9863431. |
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By Webcast: |
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Connect to the webcast via the “Events” page of USA Compression’s Investor Relations website at http://investors.usacompression.com. Please log in at least 10 minutes in advance to register and download any necessary software. A replay will be available shortly after the call. |
ABOUT USA COMPRESSION PARTNERS, LP
USA Compression Partners, LP is a growth-oriented Delaware limited partnership that is one of the nation’s largest independent providers of natural gas compression services in terms of total compression fleet horsepower. USA Compression partners with a broad customer base composed of producers, processors, gatherers and transporters of natural gas and crude oil. USA Compression focuses on providing natural gas compression services to infrastructure applications primarily in high-volume gathering systems, processing facilities and transportation applications. More information is available at usacompression.com.
NON-U.S. WITHHOLDING INFORMATION
This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0%) of USA Compression’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, USA Compression’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.
FORWARD-LOOKING STATEMENTS
Statements in this press release may be forward-looking statements as defined under federal law. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors, many of which are outside the control of USA Compression, and a variety of risks that could cause results to differ materially from those expected by management of USA Compression. USA Compression undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.
Matt Liuzzi / 512-369-1624
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Aircarbon replaces traditional plastics, providing scalable approach to decarbonization, sustainability
OVERLAND PARK, Kan.--(BUSINESS WIRE)--Please note edits to the first paragraph.
The updated release reads:
NEWLIGHT SELECTS BLACK & VEATCH TO DESIGN ‘AIRCARBON’ PRODUCTION PLANT IN OHIO
Aircarbon replaces traditional plastics, providing scalable approach to decarbonization, sustainability
Looking to significantly expand its regenerative practice of transforming air and greenhouse gas into a material called “Aircarbon,” Newlight Technologies has chosen decarbonization solutions leader Black & Veatch to design the biotechnology company’s first commercial-scale plant in Ohio.
Newlight uses a nature-inspired technology found in ecosystems throughout the world, including in the ocean, wherein naturally occurring microorganisms consume air and greenhouse gas through fermentation to produce a muscle-like material inside of their cells called PHB. PHB is an energy storage material made in most living organisms – from marine microorganisms to the roots of plants – and can be melted into shapes as a replacement for plastic. Founded in 2003, Newlight is the first company to directly transform greenhouse gases into PHB, a biomaterial that the company calls “Aircarbon,” at commercial scale.
Aircarbon competes on performance with various grades of polypropylene, the second largest-volume plastic in the world. With a variety of potential industries to serve, Newlight’s primary focus is on delivered material for the foodware, fashion and automotive industries. Customers and partners of Newlight, which launched its first commercial-scale Aircarbon production facility in 2020, include Shake Shack, Nike, Target, H&M, Ben & Jerry’s, Sumitomo, US Foods and Sysco, with millions of Aircarbon units delivered to consumers to date.
“Newlight’s goal is to help provide scalable, market-driven solutions to solving plastic pollution and climate change,” said Mark Herrema, Newlight’s CEO. “The Ohio plant will move us another step closer to our goal of large-scale impact, and we are thrilled to partner with Black & Veatch as part of that.”
“At a time when concerns about both climate change and ocean plastic are at the forefront of the push to make the world cleaner and greener, Newlight is a shining example of the innovative spirit needed to make a difference in our environment,” said Kevin Currence, project director at Black & Veatch. “This project that aligns with our values and our company emphasis on accelerating sustainability across all of the markets we serve.”
About Black & Veatch
Black & Veatch is a 100-percent employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Our revenues in 2021 exceeded US$3.3 billion. Follow us on www.bv.com and on social media.
About Newlight
Newlight is a nature-inspired biotechnology company converting air and greenhouse gas into a biomaterial called Aircarbon®. Aircarbon is a high-performance, carbon-negative PHB biomaterial produced by naturally occurring microorganisms that is being used to replace plastic in industrial segments ranging from foodware to fashion. Newlight’s mission is to help end plastic pollution and climate change by replacing plastic with Aircarbon, creating global-scale economic and environmental value. For more information about Newlight and Aircarbon, visit www.aircarbon.com.
JIM SUHR | +1 913-458-6995 P | +1 314-422-6927 M | This email address is being protected from spambots. You need JavaScript enabled to view it.
24-HOUR MEDIA HOTLINE | +1 855-999-5991
Continues Work with the United Nations and Industry Partners to Combat Plastic Waste in the Oceans and Accelerate the “New Plastics Economy”
NEW YORK--(BUSINESS WIRE)--Voice of the Oceans is an organization led by the Schurmanns, a Brazilian family that’s a modern-day cross between Robinson Crusoe and Jacques Cousteau. The Schurmanns have been sailing the seas for 40 years focused on their mission to rid the oceans of plastics pollution by mobilizing people, businesses, and governments around the world to adopt behaviors and policies that advance oceanic conservation.
The expedition’s sailboat, Kat, is a fully contained biosphere that is currently docked in New York Harbor where the organization continues discussions with the United Nations and industry partners on measures that will improve the health of the oceans by minimizing plastic waste.
“We saw strong momentum at the UN Ocean Conference this year for a global treaty to curb plastic pollution by establishing a legally binding international agreement over the next two years,” said David Schurmann, CEO of Voice of the Oceans and panelist at the conference, which took place in Lisbon at the end of June. “This agreement by 175 countries will take humanity a step closer toward a new plastics economy that incentivizes and rewards those who prioritize conservation-centric behaviors. Our goal with the expedition’s stop in New York is to usher in a new era of collaboration with industry leaders and develop innovations that can be applied on a large scale.”
“We’re excited to leverage Voice of the Ocean’s expertise in reducing plastic waste and apply those learnings across our supply chain,” said Marcelo Borges, CEO of Tramontina USA, a U.S. sponsor of the expedition. “In addition to our long history of eco-friendly practices, Tramontina continues to challenge itself to not only innovate, but also lead our business to a more sustainable future. Simultaneously, we also have a vision to develop new projects based on circular economy practices. In keeping with our ongoing commitment to sustainable business practices, we are working on solutions alongside environmental consulting firm Searious Business and Voice of the Oceans to reduce single-use plastic in our packaging."
Tramontina is part of a global housewares manufacturer group whose products can be found in major retailers across the U.S. and in more than 120 countries around the world. Another expedition partner is Natura, part of Natura & Co., the world’s fourth largest pure play beauty group which also includes Avon, The Body Shop, and Aesop. Known not only for the quality of its products but also for its commitment to sustainability, Natura is dedicated to addressing critical environmental issues through its business model.
In addition to offering beauty products with refills, packaging made of recycled, recyclable and renewable resources (such as sugar cane), Natura challenges the status quo with one of its latest launches by using 50% recycled glass and up to 30% plastic in Kaiak fragrance bottles – not to mention eliminating the single-use plastic cellophane (a common industry practice). What is usually put aside as trash is transformed and repurposed into something new, and most importantly removing 23 tons of recycled plastic from the environment.
“Voice of the Oceans raises awareness of the plastic waste issue and educates consumers about the interconnectedness of our actions. If consumers are not conscious about it, they won’t demand changes. We need to push the whole industry to move together and protect the environment,” says Maria Eduarda Cavalcanti, Natura USA General Manager.
Voice of the Oceans’s latest expedition began in Santa Catarina, Brazil in August of 2021 and will travel to more than 65 locations around the world before it concludes in Auckland, New Zealand in November of 2023. Some important data points about plastic waste and the negative impact on the oceans include:
The arts are an important part of how Voice of the Oceans raises awareness about the harm plastic waste is causing to our planet. A musical performance by Crystal Sky will honor Voice of the Oceans in New York as will an art exhibit led by Chief Curator Vida Sabbaghi and Co-Curator Jade Matarazzo entitled “Obsessive Sea” with participating artists Carla Goldberg, Jacques Jarrige, Alex Korolkovas, Stephen Mallon, and Sui Park.
[Media Contact: Journalists interested in a tour of Kat and an interview with CEO David Schurmann should contact Agustina Pais at This email address is being protected from spambots. You need JavaScript enabled to view it. or 305-407-5813.]
About Voice of the Oceans
Voice of the Oceans' purpose is to document the extent of the plastic pollution problem and identify solutions that protect the oceans and improve our planet. Our efforts are led by the Schurmann family with support from the U.N. Environment Programme, the Plastic Soup Foundation and corporate partners supporting Voice of the Ocean in its ESG efforts include perfume brand Kaiak (Natura), beer brand Corona (Ambev), writing, drawing and creative products brand Faber Castell, Basic Sanitation Company of the State of São Paulo (Brazil) Sabesp and pharmaceutical retail network RaiaDrogasil. Through the data we collect and share, we have opened a global dialogue about ocean pollution that includes not only improving our beaches, but also the animals that are harmed by our plastic waste and carry this invisible waste into the food chain. Micro- and nano-plastics found in the oceans also prevent the oceans from playing their role in sustaining the environment, such as producing oxygen and maintaining climate balance. Follow our expedition and support our efforts at https://voiceoftheoceans.com/
Agustina Pais
This email address is being protected from spambots. You need JavaScript enabled to view it.
305-407-5813
TORONTO--(BUSINESS WIRE)--Greenland Resources Inc. (NEO: MOLY, FSE: M0LY) (“Greenland Resources” or the “Company”) is pleased to announce that today, the Company commenced a sponsorship agreement with the Kommuneqarfik Sermersooq municipality aimed at helping the local community of Ittoqqortoormiit, the only nearby settlement located 190 km to the southeast of the Greenland Resources Malmbjerg Project (“Project”). Ittoqqortoormiit has 354 inhabitants and was established in 1924.
Upon consultations with the municipality and Ittoqqortoormiit local council, the parties have entered a sponsorship agreement for the period August 1, 2022 – December 31, 2024, with the possibility of prolonging the agreement and establishing support in areas like education and mining training. Among others, and as per the highlighted needs of the community, the Company will support various initiatives including the upcoming 100-year anniversary of the founding of Ittoqqortoormiit, the restoration of the new curation of the museum as well as grant means for supporting the skiing community in providing poles for skiing training, especially for children and youth. The new curation of the museum in Ittoqqortoormiit will be done with high curation standards communicated in Greenlandic, English, and Danish. The new curation will first and foremost benefit the local population as well as visitors and tourists coming to Ittoqqortoormiit.
Dr. Ruben Shiffman, Executive Chairman of Greenland Resources, stated: “We are very pleased to be able support the people of Ittoqqortoormiit. Despite the community being 190 km away and having no presence, hunting nor fishing in the Project area, we aim to have mainly Greenlandic people working, participating and training in our project where Ittoqqortoormiit will play an important role. We have a very positive track record on corporate social responsibility in previous TSX listed mining projects, social responsibility is a very important part of our corporate culture. Our intention is to go way beyond legal obligations, contracts, and license agreements, and therefore provide new life skills to the community and help people live a better life.”
Mr. Kristian Hammeken, local representative from Ittoqqortoormiit working for the municipality Kommuneqarfik Sermersooq states: “It is important for the development of Ittoqqortoormiit that it also benefits the local community clearly when international economic development takes places. We are happy that Greenland Resources wants to enter a sponsor agreement that goes beyond their legal obligations. We are especially happy that the sponsorship will benefit children and youth for the upcoming skiing and winter season and will benefit the 100th anniversary of Ittoqqortoormiit.”
About Greenland Resources Inc
Greenland Resources is a Canadian public company with the Ontario Securities Commission as its principal regulator and is focused on the development of its 100% owned world-class Climax type pure molybdenum deposit located in central east Greenland. The Malmbjerg molybdenum project is an open pit operation with an environmentally friendly mine design focused on reduced CO2 emissions and water usage, with Proven and Probable Reserves of 245 million tonnes at 0.176% MoS2, for 571 million pounds of contained molybdenum metal. The Malmbjerg project benefits from a NI 43-101 Definitive Feasibility Study completed by Tetra Tech in 2022 and had a previous exploitation license granted in 2009. With offices in Toronto, the Company is led by a management team with an extensive track record in the mining industry and capital markets. For further details, please refer to our web site (www.greenlandresources.ca) and our Canadian regulatory filings on Greenland Resources’ profile at www.sedar.com
About Molybdenum and the European Union
Molybdenum is a critical metal used mainly in steel and chemicals that is needed in all technologies in the upcoming green energy transition (World Bank, 2020; IEA, 2021). When added to steel and cast iron, it enhances strength, hardenability, weldability, toughness, temperature strength, and corrosion resistance. Based on data from the International Molybdenum Association and the European Commission Steel Report, the world produced around 576 million pounds of molybdenum in 2021 where the European Union (“EU”) as the second largest steel producer in the world used approximately 25% of global molybdenum supply and has no domestic molybdenum production. To a greater degree, the EU steel dependent industries like the automotive, construction, and engineering, represent around 18% of the EU’s ≈ US$16 trillion GDP. Greenland Resources strategically located Malmbjerg molybdenum project has the potential to supply in and for the EU approximately 25 million pounds per year, of environmentally friendly molybdenum from a responsible EU Associate member country, for decades to come. The high quality of the Malmbjerg ore, having low impurity content, makes it an ideal source of molybdenum for the world leading high performance steel industry in Europe.
Forward Looking Statements
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS
This news release contains "forward-looking information" (also referred to as "forward looking statements"), which relate to future events or future performance and reflect management’s current expectations and assumptions. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "hopes", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things: the Company’s objectives, goals or future plans, future planned sponsorship expenditures, future renegotiation of existing sponsorship agreements, future employment of members of local communities, anticipated relations with local communities, exploration results, potential mineralization, the estimation of mineral resources and reserves, and their valuation, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions.
These forward-looking statements and information reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: the Company’s expected expenditures on initiatives supporting local communities, and the associated improvement in the Company’s relationship with such communities; ability to hire employees from local communities; the estimated proximity of local communities to the Company’s mineral projects, and the expected effects of such proximity on the Company’s future operations; the continued economic feasibility of the Company’s current corporate social responsibility commitments; mineral reserve estimates and the assumptions upon which they are based, including geotechnical and metallurgical characteristics of rock confirming to sampled results and metallurgical performance; tonnage of ore to be mined and processed; ore grades and recoveries; assumptions and discount rates being appropriately applied to the technical studies; estimated valuation and probability of success of the Company’s projects, including the Malmbjerg molybdenum project; prices for molybdenum remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Company’s projects; capital decommissioning and reclamation estimates; mineral reserve and resource estimates and the assumptions upon which they are based; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.
The Company cautions the reader that forward-looking statements and information include known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the relationship with local communities and its effects on the business of the Corporation; the projected and actual effects of the COVID-19 pandemic or the war in Ukraine on the factors relevant to the business of the Corporation, including the effect on supply chains, labour market, currency and commodity prices and global and Canadian capital markets, fluctuations in molybdenum and commodity prices; fluctuations in prices for energy inputs, labour, materials, supplies and services (including transportation); fluctuations in currency markets (such as the Canadian dollar versus the U.S. dollar versus the Euro); operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structure formations, cave-ins, flooding and severe weather); inadequate insurance, or the inability to obtain insurance, to cover these risks and hazards; our ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; changes in laws, regulations and government practices in Greenland, including environmental, export and import laws and regulations; legal restrictions relating to mining; risks relating to expropriation; increased competition in the mining industry for equipment and qualified personnel; the availability of additional capital; title matters and the additional risks identified in our filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com). Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Investors are cautioned against undue reliance on forward-looking statements or information.
These forward-looking statements are made as of the date hereof and, except as required by applicable securities regulations, the Company does not intend, and does not assume any obligation, to update the forward-looking information.
Neither the NEO Exchange Inc. nor its regulation services provider accepts responsibility for the adequacy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
For further information please contact:
Ruben Shiffman, PhD Chairman, President
Keith Minty, P.Eng, MBA Engineering and Project Management
Jim Steel, P.Geo, MBA Exploration and Mining Geology
Nauja Bianco, M.Pol.Sci. Public and Community Relations
Gary Anstey Investor Relations
Eric Grossman, CPA, CGA Chief Financial Officer
Corporate office Suite 1410, 181 University Av. Toronto, Ontario, Canada M5H 3M7
Telephone +1 647 273 9913
Email This email address is being protected from spambots. You need JavaScript enabled to view it.
Web www.greenlandresources.ca
KANSAS CITY, Mo.--(BUSINESS WIRE)--Evergy, Inc. (NYSE: EVRG) announced today it will release its 2022 second quarter earnings Thursday, August 4th, 2022, before market open. The company plans to host its quarterly conference call and audio webcast to discuss the results Thursday, August 4th, 2022.
| Event: | Evergy Q2 2022 Conference Call and Webcast |
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| Date: | August 4, 2022 |
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| Time: | 9:00 a.m. Eastern (8:00 a.m. Central) |
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Location: |
1) To view the webcast and presentation slides, please go to investors.evergy.com |
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2) To access via phone, investors and analysts will need to register using this link where they will be provided a phone number and access code |
In conjunction with the earnings release and conference call, the company plans to post on its website supplemental financial information related to second quarter 2022 performance. The materials will be available under Supplemental Materials in the Investors section of the company website at investors.evergy.com.
A replay of the conference call will be available on the Evergy website at investors.evergy.com.
About Evergy, Inc.
Evergy, Inc. (NYSE: EVRG), serves 1.6 million customers in Kansas and Missouri. Evergy’s mission is to empower a better future. Our focus remains on producing, transmitting and delivering reliable, affordable, and sustainable energy for the benefit of our stakeholders. Today, about half of Evergy’s power comes from carbon-free sources, creating more reliable energy with less impact to the environment. We value innovation and adaptability to give our customers better ways to manage their energy use, to create a safe, diverse and inclusive workplace for our employees, and to add value for our investors. Headquartered in Kansas City, our employees are active members of the communities we serve.
For more information about Evergy, Inc., visit us at www.evergy.com.
Media Contact:
Gina Penzig
Manager, External Communications
Phone: 785-508-2410
This email address is being protected from spambots. You need JavaScript enabled to view it.
Media line: 888-613-0003
Investor Contact:
Cody VandeVelde
Director, Investor Relations
Phone: 785-575-8227
This email address is being protected from spambots. You need JavaScript enabled to view it.
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