Greater efficiency thanks to workflow-driven complaint management
LINZ, Austria--(BUSINESS WIRE)--Siemens Energy is using Fabasoft Approve as the process-driven quality management solution for its Power Transformer segment. The global rollout of Fabasoft Approve is scheduled for upwards of 3,000 users following the successful completion of pilot projects at the two largest transformer plants in Weiz (Austria) and Nuremberg (Germany).
The challenge for Siemens Energy was to implement a cross-plant quality management tool in one network with 14 locations in eight countries and to digitally map its existing processes. Thanks to its wide range of customization options and high degree of usability, Fabasoft Approve made a convincing case in the multi-stage selection process and stood out as the high-performance platform of choice for computer-aided quality (CAQ) processes. The cloud-based solution offers comprehensive complaint management that can even be handled from a smartphone or tablet – for both in-house use and remote use at the customer’s site. Allocating the necessary immediate, corrective, and preventive actions is a workflow-driven process that can be tracked at any time.
You can find further information in the case study “Achieving predictive quality with Fabasoft Approve cross-plant quality management software”
“The overarching goal of our collaboration with Fabasoft is to achieve data-based prediction for product and process-related quality. Our new cross-plant quality management software affords us the transparency to make the right decisions and proactively avoid potential errors in the future. This way, we can be certain that we’re optimizing both our error costs and the level of customer satisfaction,” explains Stefan Klaassen, Head of Power Transformers, Siemens Energy.
“As a cross-plant quality management solution, Fabasoft Approve supplies all of the relevant product and process data. Thanks to its powerful analysis capabilities, any user can conduct analyses on quality issues with just a few mouse clicks. We are thrilled to be able to play a significant role in data-driven forecasting with Fabasoft Approve," adds Andreas Dangl, Business Unit Executive for Cloud Services at Fabasoft.
About Fabasoft Approve
Fabasoft Approve is a cloud-based off-the-shelf product for managing technical data and documents in an industrial setting. The standard solution integrates all project partners on a secure, scalable, and highly customizable platform. Creating and editing documents, as well as review, release, and approval processes are achieved efficiently and traceably with significantly less manual effort.
About Siemens Energy
With some 91,000 employees, Siemens Energy operates globally along the entire energy value chain. Its products include gas turbines, steam turbines, generators, transformers, and compressors. The company’s Power Transformer segment manufactures the largest transformers for substations located throughout the world.
About Fabasoft
Fabasoft is among the leading software product companies and cloud service providers in Europe for digital document management as well as electronic document, process, and records management.
Press
Fabasoft
Ulrike Kogler
Tel.: +43/732/606162-0
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Project to deliver 1,250 MW of clean power to New York City, displacing fossil fuel generation
NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE: BX) announced today that its wholly-owned portfolio company Transmission Developers Inc. (TDI), was selected by the New York State Energy Research and Development Authority (NYSERDA), as part of an extensive RFP process, to deliver clean, renewable power to New York City.
Over the past decade, TDI and Hydro-Quebec have worked in partnership to develop Champlain Hudson Power Express (CHPE), a fully permitted, underground electric transmission line spanning approximately 339 miles between Canada and New York City. The project will deliver 1,250 MW of clean power to New York City. Currently, New York City is estimated to be over 85% reliant on fossil fuel based electricity. CHPE will reduce this reliance significantly, leading to materially decreased carbon emissions in New York City. CHPE is expected to create 1,400 jobs, with a commitment to use union labor, and includes a $40 million new Green Economy Fund that will provide job training for clean energy jobs.
Jon Gray, President and Chief Operating Officer of Blackstone said: “We love being a part of New York City’s move to a cleaner energy future. Our long term capital allows us to invest in sustainable projects and see them through to completion. We’ve backed this innovative project for more than a decade while also committing to nearly $11 billion of energy transition initiatives globally, just in the last three years.”
David Foley, Global Head of Blackstone Energy Partners said: “CHPE is the most recent in a series of significant investments that we have made as part of our strategy to create value through accelerating the energy transition by funding the buildout of critical energy infrastructure and services needed to provide cleaner, more reliable and affordable energy for America.”
Bilal Khan, Senior Managing Director of Blackstone Energy Partners said: “We have spent more than 10 years working closely with communities, labor organizations, environmental stewards and New York municipalities to thoughtfully develop this project and are thrilled to play a critical role in helping New York State achieve its ambitious climate goals.”
Doreen M. Harris, President and CEO, NYSERDA said, “The Champlain Hudson Power Express is a major green infrastructure project that will help transform New York’s power grid and help create good-paying jobs in delivering clean renewable energy from Upstate to New York City. This project will provide significant community and public health benefits to the state’s most underserved communities as part of the Climate Leadership and Community Protection Act and we look forward to working with our Champlain Hudson Power Express partners on its advancement.”
CHPE was selected for contract negotiation as part of the award under New York State Energy Research and Development Authority’s (NYSERDA) Tier 4 renewable energy solicitation issued in January 2021. Once finalized, NYSERDA will submit the negotiated contract for the awarded project to New York’s Public Service Commission for consideration and approval. If the Tier 4 contract is approved, NYSERDA payments will not commence until the project has obtained all required permits and local approvals, is constructed and delivers power to New York City, which is expected to begin in 2025.
About Blackstone
Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $684 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.
Kate Holderness
This email address is being protected from spambots. You need JavaScript enabled to view it.
646-482-8774
TULSA, Okla.--(BUSINESS WIRE)--Unit Corporation (OTC Pink: UNTC) (Company) announced today that it has closed on the sale of its corporate headquarters building and land. The closing price for the building was $35 million, before transaction costs. Unit has entered into a multi-year lease for a portion of the building.
Philip B. Smith, the Company’s Chairman and Chief Executive Officer, commented, “The sale of the headquarters building further strengthens our financial position, as we have now paid off Unit’s debt balance and have additional liquidity to deploy for high return opportunities.”
____________________________
Unit Corporation is a Tulsa-based, publicly held energy company engaged through its subsidiaries in oil and gas production, contract drilling, and natural gas gathering and processing. For more information about Unit Corporation, visit its website at https://unitcorp.com/.
Linda Baugher
Investor Relations
(918) 493-7700
www.unitcorp.com
110 MW energy facility in Defiance County, OH to bolster local community, begins construction in Q4 2022
MARK TOWNSHIP, Ohio--(BUSINESS WIRE)--Candela Renewables today announced that the Ohio Power Siting Board has approved their application to construct and operate the Mark Center Solar Project in Defiance County, OH.
The Mark Center Solar Project is a 110 MW facility that will provide job opportunities, tax revenue and more to the local community in addition to renewable energy, and is slated to begin construction in the fourth quarter of 2022.
For more information about the project, please visit: https://www.candelarenewables.com/news-blog/markcentersolarproject-ohio-approval
About Candela Renewables
Founded by former First Solar executives, Candela Renewables has one of the most accomplished teams developing utility-scale solar power projects in the United States. Since it was founded in 2018, it has assembled a portfolio of more than 3.6 GW of utility-scale solar projects and 2.2 GW of co-located energy storage showcasing their ability to deliver high-quality, well-developed projects.
In 2021, Candela entered into a partnership with Naturgy Energy Group, a multinational energy company based in Spain. Candela and Naturgy formed a new joint entity that owns Candela’s development pipeline. The companies also executed a five-year Development Services Agreement for the U.S. market.
Candela has in-house expertise across all stages of the development lifecycle and can efficiently bring projects to either NTP or COD through their focused, proven and differentiated development strategy.
For more information, visit https://www.candelarenewables.com/
Erin Hall
This email address is being protected from spambots. You need JavaScript enabled to view it.
LEMONT, Ill.--(BUSINESS WIRE)--A forward-thinking white paper by the Argonne Collaborative Center for Energy Storage Science (ACCESS) outlines battery requirements and research and development (R&D) needs to accelerate the commercialization of electric air propulsion—from air taxis in the near-term to 737 class aircraft in the long-term.
The white paper is the result of a meeting with nearly 100 experts from aircraft, car, materials and battery companies as well as component makers and academic and national lab researchers at the U.S. Department of Energy’s (DOE) Argonne National Laboratory. It was convened by DOE’s Vehicle Technologies Office (VTO) and the National Aeronautics and Space Administration (NASA) Glenn Research Center.
Estimates suggest that a new mode of aviation services called Urban Air Mobility, or sometimes Advanced Air Mobility, will be a $9 billion market by 2030 and could be an $80 billion market by 2041. The paper explores four electric aircraft concepts: air taxis, 20-passenger commuter aircrafts, 50-passenger regional jets and 150-passenger 737 class aircraft. For the air taxi and commuter aircraft, the paper calls for evaluating next-generation lithium-ion chemistries for aviation and examining failure modes and safety. For regional jets, the paper recommends augmenting R&D in solid-state batteries to explore new designs, manufacturing approaches and high-temperature operation. For 737 class aircraft, the paper suggests studying high-energy systems, including sulfur-based batteries and hydrogen carriers.
In addition, numerous startups focus on innovations around electric aviation. This includes Uber Elevate that aims to provide affordable shared flights by 2023. Also, automotive companies, including Daimler, Toyota, Hyundai and Porsche are getting involved in aviation startups.
“The gains in cost, performance and safety found in today’s Li-ion batteries used for electric vehicles are due in a major way to DOE’s R&D directed research over the last ten years,” said Dave Howell, acting director of VTO. “Considering the maturity, diversity and innovativeness of that research, DOE has every expectation that similar success will occur for the energy storage needs of electrified aircraft.”
Argonne remains committed to driving the electrification of aviation and has encouraged industry leaders to share ideas that would help them reach shared goals. Argonne has a storied history of battery and energy storage innovations. The lab has helped revolutionize the lithium-ion battery, which became a game changer for the auto industry, noted Argonne Associate Lab Director Suresh Sunderrajan.
Read the full release here.
Christopher J. Kramer
Head of Media Relations
Argonne National Laboratory
This email address is being protected from spambots. You need JavaScript enabled to view it.
Office: 630.252.5580
Finalists Also Announced for the Student Future Infrastructure Star Challenge
EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq:BSY), the infrastructure engineering software company, today announced the finalists for the 2021 Going Digital Awards in Infrastructure. The annual awards program honors the extraordinary work of Bentley software users advancing infrastructure design, construction, and operations throughout the world. Sixteen independent jury panels selected the 57 finalists from nearly 300 nominations submitted by more than 230 organizations from 45 countries encompassing 19 categories.
Winners of the student Future Infrastructure Star Challenge will also be announced. This challenge provided students from around the world a platform to develop a concept or an idea of how they can change the world with infrastructure. Five independent jury panels of Bentley experts selected the Top 10 finalists from 144 project submissions from 61 countries representing different infrastructure domains. Winners will be selected by a panel of Bentley and external expert judges. View the Future Infrastructure Star Challenge finalists.
New this year, all winners will be revealed during keynote presentations on December 2, 2021, as part of the Year in Infrastructure. This series of virtual event runs from November 1 through December 2, 2021; see below for highlights.
To watch the Going Digital Awards in Infrastructure finalists present their projects in their category on November 1, 8, 15, and 22, visit yii.bentley.com. Hear from the people behind these extraordinary infrastructure projects as they tell their stories of leveraging digital advancements to achieve unprecedented outcomes.
To register, visit yii.bentley.com.
The finalists in the 2021 Going Digital Awards in Infrastructure are:
Bridges
Buildings and Campuses
Digital Cities
Digital Construction
Geotechnical Engineering
Land Site and Development
Manufacturing
Mining and Offshore Engineering
Power Generation
Project Delivery Information Management
Rail and Transit
Reality Modeling
Road and Rail Asset Performance
Roads and Highways
Structural Engineering
Utilities and Communications
Utilities and Industrial Asset Performance
Water and Wastewater Treatment Plants
Water, Wastewater and Stormwater Networks
For more information about the finalists, visit yii.bentley.com.
Chris Bradshaw, Bentley’s chief marketing officer, said, “We decided to keep the event virtual this year for everyone’s safety due to the ongoing pandemic. Our users continue to demonstrate their resilience through the quality of the nearly 300 nominations for the Going Digital in Infrastructure Awards program. We are excited to honor our users’ extraordinary work from around the world. We hope you will join us for the Year in Infrastructure virtual event that includes important insights and perspectives from key industry executives and thought leaders sharing with attendees the latest on infrastructure trends, sustainability goals, and digital advancements.”
Going Digital Awards in Infrastructure finalists’ presentations on November 1, 8, 15, and 22, 2021:
Keynote and Going Digital awards presentations on December 1 and 2 include:
To register, visit yii.bentley.com.
##
About Bentley Systems
Bentley Systems (Nasdaq:BSY) is the infrastructure engineering software company. We provide innovative software to advance the world’s infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for the design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, mining, and industrial facilities. Our offerings include MicroStation-based applications for modeling and simulation, ProjectWise for project delivery, AssetWise for asset and network performance, Seequent’s leading geosciences software portfolio, and the iTwin platform for infrastructure digital twins. Bentley Systems employs more than 4,000 colleagues and generates annual revenues of more than $800 million in 172 countries.
© 2021 Bentley Systems, Incorporated. Bentley, the Bentley logo, AssetWise, iTwin, MicroStation, OpenFlows, OpenFlows WaterGEMS, ProjectWise, Seequent, and SUPERLOAD are either registered or unregistered trademarks or service marks of Bentley Systems, Incorporated or one of its direct or indirect wholly owned subsidiaries. All other brands and product names are trademarks of their respective owners.
Press:
Christine Byrne
+1 203 805 0432
This email address is being protected from spambots. You need JavaScript enabled to view it.
Follow us on Twitter:
@BentleySystems
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“New Fortress”) and The Government of the Democratic Socialist Republic of Sri Lanka (“GOSL”) jointly announced today that they have executed a definitive agreement for New Fortress’ investment in West Coast Power Limited (“WCP”), the owner of the 310 MW Yugadanavi Power Plant based in Colombo, along with the rights to develop a new LNG Terminal off the coast of Colombo, the capital city. As part of the transaction, New Fortress will have gas supply rights to the Kerawalapitya Power Complex, where 310 MW of power is operational today and an additional 700 MW scheduled to be built, of which 350 MW is scheduled to be operational by 2023.
New Fortress will acquire a 40% ownership stake in WCP and plans to build an offshore liquified natural gas (LNG) receiving, storage and regasification terminal located off the coast of Colombo. New Fortress will initially provide the equivalent of an estimated 1.2 million gallons of LNG (~35,000 MMBtu) per day to the GOSL, with the expectation of significant growth as new power plants become operational.
The 310 MW Yugadanavi Power Plant currently has a long-term power purchase agreement to provide electricity to the national grid that extends through 2035. This power plant consists of General Electric turbines and is configured to run on natural gas in combined cycle.
“This is a significant milestone for Sri Lanka’s transition to cleaner fuels and more reliable, affordable power,” said Wes Edens, Chairman and CEO of New Fortress Energy. “We are pleased to partner with Sri Lanka by investing in modern energy infrastructure that will support sustainable economic development and environmental gains.”
The Kerawalapitya Power Complex is the foundation of the baseload power that serves the country’s population of 22 million people. Delivering cleaner and cheaper fuels to Sri Lanka will support the country’s growth for years to come.
The Terminal is expected to begin operations in 2023.
About New Fortress Energy Inc.
New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to help accelerate the world’s transition to clean energy. The company funds, builds and operates natural gas infrastructure and logistics to rapidly deliver fully integrated, turnkey energy solutions that enable economic growth, enhance environmental stewardship and transform local industries and communities.
Cautionary Language Regarding Forward-Looking Statements
This communication contains forward-looking statements. All statements contained in this communication other than historical information are forward-looking statements that involve known and unknown risks and relate to future events, our future financial performance or our projected business results. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “intends,” “expects,” “subject to,” “plans” or “anticipates” or the negative of these terms or other comparable terminology. Forward looking statements include: our construction of the offshore LNG terminal; the location of the terminal off the coast of Colombo; the expected growth of the Kerawalapitya Power Complex to over 1 GW of power; we will supply the equivalent of 1.2 million gallons of LNG (or ~35,000 MMBtu) of LNG to the Government; our purchase of the Government’s 40% stake in the company that owns the 310 MW Yugadanavi Power Plant; modern energy infrastructure will support sustainable economic development and environmental gains; and the terminal is expected to begin operation in 2023. Such forward-looking statements are necessarily estimates based upon current information and involve a number of risks and uncertainties. Actual events or results may differ materially from the results anticipated in these forward-looking statements as a result of a variety of factors.
Specific factors that could cause actual results to differ from those in the forward-looking statements include, but are not limited to: the development, construction or commissioning schedule may be longer than we expect; the funding of the project may not be possible on the terms we expect; we will be unable to operationalize our plans for the rights and key permits to develop the LNG terminal; and that we will not be able to provide electricity and natural gas to customers as we currently expect. These factors are not necessarily all of the important factors that could cause actual results to differ materially from those expressed in any of NFE’s forward-looking statements. Other known or unpredictable factors could also have material adverse effects on future results.
We undertake no duty to update these forward-looking statements, even though our situation may change in the future. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements included in New Fortress Energy Inc.’s annual and quarterly reports filed with the Securities and Exchange Commission, which could cause its actual results to differ materially from those contained in any forward-looking statement.
IR:
Joshua Kane
(516) 268-7455
This email address is being protected from spambots. You need JavaScript enabled to view it.
Media:
Jake Suski
(516) 268-7403
This email address is being protected from spambots. You need JavaScript enabled to view it.
HOUSTON--(BUSINESS WIRE)--Mesa Royalty Trust (the “Trust”) (NYSE symbol-MTR) announced today that there will be no distribution paid for the month of September 2021 to holders of record as of the close of business on September 30, 2021, as costs, charges and expenses attributable to the Trust’s royalty properties, and applicable reserves, exceeded the revenue received from the sale of oil, natural gas and other hydrocarbons produced from such properties, as reported by the working interest owners.
The Trust was formed to own an overriding royalty interest of the net proceeds attributable to certain producing oil and gas properties located in the Hugoton field of Kansas and the San Juan Basin fields of New Mexico and Colorado. As described in the Trust's public filings, the amount of the monthly distributions is expected to fluctuate from month to month, depending on the proceeds, if any, received by the Trust as a result of production, oil and natural gas prices and the amount of the Trust’s administrative expenses, among other factors. In addition, as further described in the Trust’s most recent filing on Form 10-Q, unitholders may not receive any material distributions during the remainder of 2021 and beyond, because the Trust expects to increase cash reserves to provide added liquidity.
Proceeds reported by the working interest owners for any month are not generally representative of net proceeds that will be received by the Trust in future periods. As further described in the Trust’s Form 10-K and Form 10-Q filings, production and development costs for the royalty interest have resulted in substantial accumulated excess production costs, which will decrease Trust distributions, and in some periods may result in no Trust distributions. The amount of proceeds, if any, received or expected to be received by the Trust (and its ability to pay distributions to unitholders) has been and will continue to be directly affected, among other things, by volatility in the industry and revenues and expenses reported to the Trust by working interest owners. Any additional expenses and adjustments, among other things, will reduce proceeds to the Trust, which will reduce the amount of cash available for distribution to unitholders and in certain periods could result in no distributions to unitholders.
This press release contains forward-looking statements. No assurances can be given that the expectations contained in this press release will prove to be correct. The working interest owners alone control historical operating data, and handle receipt and payment of funds relating to the royalty properties and payments to the Trust for the related royalty. The Trustee cannot assure that errors or adjustments or expenses accrued by the working interest owners, whether historical or future, will not affect future royalty income and distributions by the Trust. Other important factors that could cause these statements to differ materially include delays in actual results of drilling operations, risks inherent in drilling and production of oil and gas properties, declines in commodity pricing, and other factors described in the Trust’s Form 10-K for the year ended December 31, 2020 under “Part I, Item 1A. Risk Factors.” Statements made in this press release are qualified by the cautionary statements made in such risk factors. The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release. Each unitholder should consult its own tax advisor with respect to its particular circumstances.
Mesa Royalty Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Elaina Rodgers
713-483-6020
http://mtr.q4web.com/home/default.aspx
WALTHAM, Mass.--(BUSINESS WIRE)--#california--Opinion Dynamics is pleased to announce we have been selected to lead the evaluation for two of the largest decarbonization pilot programs in the United States: the Building Initiative for Low-Emissions Development (BUILD) Program and the Technology and Equipment for Clean Heating (TECH) Initiative.
The BUILD and TECH Initiatives are intended to put California on a path to carbon-free homes by 2045. These programs—designed to address and reduce market barriers to accelerate the longer-term adoption of decarbonization technologies, and ultimately transform the market over time—also strive for equity, cost-effectiveness, regulatory simplicity, and market transformation.
“We are thrilled to be selected to lead two groundbreaking decarbonization efforts in the country and play a pivotal role in accelerating the shift to a clean energy future in California,” expressed Brad Kates, Opinion Dynamics’ CEO. He continued, “We are excited to pioneer state-of-the-art methods for evaluating decarbonization efforts through this work.”
Opinion Dynamics has garnered a reputation for tackling robust, multi-faceted projects. This opportunity is a culmination of our exceptional level of project management and technical expertise. We have assembled an impressive team of diverse and highly qualified research and evaluation professionals for this unprecedented effort and are excited to bring this diverse skillset and team to define the state of the art for evaluations of this type.
About Opinion Dynamics – Opinion Dynamics works to advance knowledge to address emerging energy and social issues through sound and insightful research. It is the largest independently owned company that focuses on energy efficiency, transportation electrification, beneficial electrification, and flexible load. It is headquartered in Massachusetts with offices in Northern and Southern California, and Portland, OR, as well as satellite offices throughout the country. For more information, please visit www.opiniondynamics.com.
Media:
Keri Bailey, Communications Manager
PH: 617-492-1400 x4645
This email address is being protected from spambots. You need JavaScript enabled to view it.
SAN ANTONIO--(BUSINESS WIRE)--Valero Energy Corporation (NYSE: VLO) announced today that it will host a conference call on October 21, 2021 at 10:00 a.m. ET to discuss third quarter 2021 earnings results, which will be released earlier that day, and provide an update on company operations.
Persons interested in listening to the conference call may join the webcast on Valero’s Investor Relations website at www.investorvalero.com.
About Valero
Valero Energy Corporation, through its subsidiaries (collectively, “Valero”), is an international manufacturer and marketer of transportation fuels and petrochemical products. Valero is a Fortune 500 company based in San Antonio, Texas, and it owns 15 petroleum refineries with a combined throughput capacity of approximately 3.2 million barrels per day and 13 ethanol plants with a combined production capacity of approximately 1.7 billion gallons per year. The petroleum refineries are located in the United States (U.S.), Canada and the United Kingdom (U.K.), and the ethanol plants are located in the Mid-Continent region of the U.S. Valero is also a joint venture partner in Diamond Green Diesel, which owns and operates a renewable diesel plant in Norco, Louisiana. Diamond Green Diesel is North America’s largest biomass-based diesel plant. Valero sells its products in the wholesale rack or bulk markets in the U.S., Canada, the U.K., Ireland and Latin America. Approximately 7,000 outlets carry Valero’s brand names. Please visit www.investorvalero.com for more information.
Investors:
Homer Bhullar, Vice President – Investor Relations and Finance, 210-345-1982
Eric Herbort, Senior Manager – Investor Relations, 210-345-3331
Gautam Srivastava, Senior Manager – Investor Relations, 210-345-3992
Media:
Lillian Riojas, Executive Director – Media Relations and Communications, 210-345-5002
Laura Kuri Benavides named new Director of Sustainability to lead IBC’s sustainability initiatives
CRESSON, Texas--(BUSINESS WIRE)--Integrity Bio-Chemicals, LLC (IBC), a technology-driven company developing next-generation biopolymers, announced the appointment of Laura Kuri Benavides as its first Director of Sustainability. Benavides will lead IBC’s sustainability initiatives and help advance the company’s stewardship toward more sustainable solutions. This inaugural position reflects customer demand for more environmentally friendly products and practices.
As Director of Sustainability, Benavides will implement and document IBC’s sustainable processes; publish environmental, social and governance (ESG) reports; draft environmental policy; and act as a liaison between IBC’s departments to highlight their sustainable practices. Additionally, Benavides will provide guidance on emerging technological advances in sustainability.
“The creation of Laura’s role shows our current and prospective customers, business partners and the industry how serious we are about prioritizing sustainability in all we do,” said Jimmy Jett, CEO of IBC. “With her experience and knowledge, Laura is highly qualified to be IBC’s first-ever Director of Sustainability. As the voice of our company’s sustainability mission, Laura will share our groundbreaking, environmentally friendly and affordable products with the world.”
The Director of Sustainability role was created with Benavides’ expertise in mind, allowing her to harness her proficiency in technology, field work, research and development to actively promote sustainability. Before joining IBC, Benavides served as Technical Sales Manager at IBC, Sales Representative for Latin America at Halliburton, and Quality Control and Laboratory Manager at Cebo Holland B.V. in the Netherlands.
“My international experiences across a wide range of industries helped me understand what the world values and why it’s so important to take care of our planet,” said Benavides. “I firmly believe IBC’s biopolymer technology has the power to revolutionize the energy, mining, industrial, and household and personal care markets, and I couldn’t be more passionate about how our products help bring sustainable science to the whole world.”
In addition to the Director of Sustainability role, Benavides is maintaining her current position as the Vice President of Technology for Integrity Mining and Industrial (IMI), where she is responsible for product development, project management and customer interface. Benavides has a bachelor’s degree in biochemistry from the University of Texas at Austin.
To learn more about IBC’s sustainability initiatives, please visit www.integritybiochem.com/sustainability.
About Integrity Bio-Chemicals
Founded in 2017, Integrity Bio-Chemicals, LLC (IBC) is a technology-driven company with a deep bench of industry experts producing next-generation modified biopolymers for the energy, mining, industrial, and household and personal care markets using renewable and sustainable practices. IBC is first to market with a new category of patent-pending, high-performance surfactants, created with natural sources and capable of faster production cycles at larger scales and lower costs. Our commitment to transparency and innovation brings world-class service to our customers worldwide.
Chad Hall
Vice President, Production Enhancement
This email address is being protected from spambots. You need JavaScript enabled to view it.
ANAHEIM, Calif.--(BUSINESS WIRE)--$WLDN--Willdan Group, Inc. (NASDAQ: WLDN) announced today that it has been selected by the City of Dublin, California, to implement citywide energy efficiency, infrastructure, resiliency, and smart-city upgrades. Through this comprehensive $21.2 million contract, Willdan will perform project engineering, development, construction, commissioning, and savings measurement and verification at over 20 sites across the City, including the deployment of distributed energy resources (DERs) at 10 sites.
“Willdan and this contract provide the turnkey expertise we needed to help our City meet immediate and long-term needs while supporting the energy efficiency, infrastructure, and decarbonization goals outlined in our Climate Action Plan,” said Laurie Sucgang, Dublin City Engineer and Assistant Public Works Director.”
The projects are estimated to complete construction within the next 18–24 months, and Willdan will support three years of operations and maintenance once the projects are in service. Ten sites will receive additional solar capacity, totaling 1.4 MW-DC capacity, and four of the sites will be paired with battery storage to support power resiliency during extreme weather events or heavy demands on the local power grid. Two locations will receive an additional 22 electric vehicle chargers to serve public-use and police fleet vehicles.
Willdan improved the financial attractiveness of the scope of work through a Willdan-managed utility program – the PG&E Government and K-12 Schools Program – which identified specific, high-efficiency equipment recommendations and found financial incentives to help offset project costs.
About the City of Dublin
Since the City's incorporation in 1982, its population has increased as both residents and businesses found the benefits of calling Dublin home. Dublin is located approximately 350 miles north of Los Angeles and 35 miles east of San Francisco. From a population of approximately 14,300 in 1982, Dublin has grown to a resident population of 64,695 and has been one of the fastest growing cities in Alameda County. For more information: http://www.ci.dublin.ca.us.
About Willdan
Willdan is a nationwide provider of professional technical and consulting services to utilities, government agencies, and private industry. Willdan’s service offerings span a broad set of complementary disciplines that include electric grid solutions, energy efficiency and sustainability, engineering and planning, and municipal financial consulting. For additional information, visit Willdan's website at www.willdan.com.
Forward-Looking Statements
Statements in this press release that are not purely historical, including statements regarding Willdan’s intentions, hopes, beliefs, expectations, representations, projections, estimates, plans, or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements involve risks and uncertainties including, but not limited to, the risk that Willdan will not be able to reduce costs and preserve liquidity to maintain its operations during the continuation of this pandemic nor be able to resume its growth trajectory once pandemic-related restrictions are lifted and the economy begins to recover. It is important to note that Willdan’s actual results could differ materially from those in any such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the ultimate impact of the COVID-19 pandemic on Willdan’s results, prospects, and opportunities; Willdan’s ability to adequately complete projects in a timely manner; Willdan’s ability to compete successfully in the highly competitive energy efficiency services market; changes in state, local, and regional economies and government budgets; Willdan’s ability to win new contracts, to renew existing contracts, and to compete effectively for contract awards through bidding processes; and Willdan’s ability to successfully integrate its acquisitions and execute on its growth strategy. Willdan’s business could be affected by a number of other factors, including the risk factors listed from time to time in Willdan’s reports filed with the Securities and Exchange Commission, including, but not limited to, the Annual Report on Form 10-K filed for the year ended January 1, 2021. Willdan cautions investors not to place undue reliance on the forward-looking statements contained in this press release. Willdan disclaims any obligation to, and does not undertake to, update or revise any forward-looking statements in this press release.
Al Kaschalk
VP Investor Relations
310-922-5643
This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "North America Smart Fleet Management Market 2021-2028" report has been added to ResearchAndMarkets.com's offering.
The smart fleet management market in North America is estimated to develop with 7.73% of CAGR in the projected years 2021-2028. The United States and Canada together comprise the market in this region.
Additionally, there has been a significant rise in the workers being employed in this sector. The development of the construction sector is also set to raise the adoption of fleet vehicles to complete construction tasks, which will boost the adoption of smart fleet management solutions.
Companies based here are launching new products. For instance, ID Systems Inc introduced PowerFleet Essence, a new category of telematics platforms for industrial trucks, used in small- and medium-sized fleets for logistics, distribution, manufacturing, and retail.
Another company, AT&T Inc, launched a fleet management solution to cater to the growing requirements of small businesses, enterprises, and government organizations. It has integrated the fleet tracking platform provided by Geotab with its own IoT platform to launch a comprehensive solution.
This is expected to boost productivity, improve safety, control costs, and manage compliance for the company's customers. These developments indicate that the smart fleet management market in the United States will witness substantial growth in the forecast period.
Some of the prime players in the smart fleet management market include ID Systems Inc (PowerFleet Inc), Denso Corporation, Robert Bosch GmbH, International Business Machines Corporation, Tech Mahindra Limited, and Sierra Wireless Inc.
Key Topics Covered:
1. North America Smart Fleet Management Market - Summary
2. Industry Outlook
2.1. Impact of Covid-19 on the Smart Fleet Management Industry
2.2. Key Insights
2.2.1. Growing Interest Towards Cloud-Based Smart Fleet Management Solutions
2.2.2. Emergence of Intelligent Transportation Systems
2.2.3. Fuel Management & Vehicle Monitoring
2.3. Porter's Five Forces Analysis
2.4. Market Attractiveness Index
2.5. Vendor Scorecard
2.6. Industry Components
2.7. Key Market Strategies
2.8. Market Drivers
2.8.1. Demand for Streamlining Fleet Operations
2.8.2. Rapid Development in Network Infrastructure and Declining Hardware Costs
2.8.3. Proactive Initiatives Towards Vehicle Safety and Emission
2.9. Market Challenges
2.9.1. High Costs & Security Concerns
2.10. Market Opportunities
2.10.1. Introduction of Connected Technologies in Vehicles
2.10.2. Incorporation of Real-Time Fleet Monitoring Systems in Automobiles
3. North America Smart Fleet Management Market Outlook - by Connectivity
3.1. Short Range
3.2. Long Range
3.3. Cloud
4. North America Smart Fleet Management Market Outlook - by Transport Type
4.1. Roadways
4.2. Marine
4.3. Airways
4.4. Railways
5. North America Smart Fleet Management Market Outlook - by Application
5.1. ADAS
5.2. Tracking
5.3. Optimization
5.4. Fuel Cards
5.5. Automatic Vehicle Identification
6. North America Smart Fleet Management Market - Regional Outlook
6.1. United States
6.2. Canada
7. Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/dnk2kd
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
HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") announced today that it has been awarded a contract with TAQA offshore the Netherlands for VALARIS JU-123, a heavy-duty harsh environment jackup. The contract is expected to commence in the fourth quarter of 2021 with an estimated minimum duration of 60 days.
The contract is for the preparation of a wellbore for the Porthos CO2 transport and storage project. In conjunction with this contract, VALARIS JU-123 will be upgraded with a selective catalytic reduction (SCR) system. When in operation, the SCR system will eliminate almost all NOx and SOx emissions from the rig.
The rig has also been awarded a one-well contract with Cairn Energy in the UK North Sea. The contract is expected to commence in the second quarter of 2022 with an estimated duration of 72 days.
Valaris has also been awarded a one-well contract with Carnarvon Petroleum offshore Timor-Leste for VALARIS JU-107, a heavy-duty modern jackup. The contract is expected to commence in the fourth quarter of 2021 with an estimated duration of 30 days.
About Valaris Limited
Valaris Limited (NYSE: VAL) is the industry leader in offshore drilling services across all water depths and geographies. Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups, Valaris has experience operating in nearly every major offshore basin. Valaris maintains an unwavering commitment to safety, operational excellence, and customer satisfaction, with a focus on technology and innovation. Valaris Limited is a Bermuda exempted company (Bermuda No. 56245). To learn more, visit our website at www.valaris.com.
Cautionary Statements
Statements contained in this press release that are not historical facts are 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 include words or phrases such as "anticipate," "believe," "estimate," "expect," "intend," "plan," "project," "could," "may," "might," “should,” “will” and similar words. Such statements are subject to numerous risks, uncertainties and assumptions that may cause actual results to vary materially from those indicated, including the Company’s liquidity and ability to access financing sources, debt restrictions that may limit our liquidity and flexibility, the COVID-19 outbreak and global pandemic, the related public health measures implemented by governments worldwide, the volatility in oil prices caused in part by the COVID-19 pandemic and the decisions by certain oil producers to reduce export prices and increase oil production, and cancellation, suspension, renegotiation or termination of drilling contracts and programs. In particular, the unprecedented nature of the current economic downturn, pandemic, and industry decline may make it particularly difficult to identify risks or predict the degree to which identified risks will impact the Company’s business and financial condition. In addition to the numerous factors described above, you should also carefully read and consider “Item 1A. Risk Factors” in Part I and “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part II of our most recent annual report on Form 10-K, as updated in our subsequent quarterly reports on Form 10- Q, which are available on the Securities and Exchange Commission’s website at www.sec.gov or on the Investor Relations section of our website at www.valaris.com. Each forward-looking statement speaks only as of the date of the particular statement and we undertake no obligation to update or revise any forward-looking statements, except as required by law.
Investor & Media Contact:
Tim Richardson
Director - Investor Relations
+1-713-979-4619
PG&E Urges Customers to Prepare an Emergency Kit and Go Bag in Advance of a Disaster
SAN FRANCISCO--(BUSINESS WIRE)--The fall season begins tomorrow, and bone-dry drought conditions have made the western United States a tinderbox prime for wildfires. That, combined with the threat of earthquakes, floods and landslides, makes it essential for Californians to be prepared for disasters. Pacific Gas and Electric Company (PG&E) reminds its customers that the best time to prepare for an emergency or natural disaster is before it happens. That’s what National Preparedness Month is all about.
Start by gathering supplies and creating an emergency kit that will last for several days after a disaster for everyone living in your home. Be sure to include flashlights, fresh batteries, first aid supplies and cash. If you already have a kit, make sure it’s up to date. Customers can get updates on power outages in their neighborhood using PG&E’s outage information line at 1-800-743-5002 and PG&E’s Electric Outage Map online at pge.com.
Don’t forget to pack a go-bag, a bag of essential items ready for use in case you need to evacuate your home. Consider the unique needs of everyone in your family, including elderly, children and pets.
It can be hard to imagine what an evacuation might feel like and what you would grab first, if you had the chance. In a recent video on PG&E’s Safety Action Center website, you can watch a Sierra foothills family put through a simulated wildfire evacuation to demonstrate how being prepared can help bring calm to the chaos.
Emergency Preparation Tips
Electric Safety Tips
If your vehicle comes in contact with a downed power line:
If there is a fire and you have to exit a vehicle that has come in contact with downed power lines:
Gas Safety Tips
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 www.pge.com/ and http://www.pge.com/about/newsroom/.
MEDIA RELATIONS:
415-973-5930
HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced several actions to further enhance its compelling, distinctive investment proposition. The actions are consistent with the company’s financial framework, its stated capital allocation priorities and its commitment to playing a valued role in the energy transition. Materials describing today’s actions are provided at www.conocophillips.com/investor. The actions include:
“We were presented with a unique opportunity to add premium assets at a value that meets our strict cost of supply framework and brings financial and operational metrics that are highly accretive to our multi-year plan,” said Ryan Lance, ConocoPhillips chairman and chief executive officer. “Our financial strength allowed us to structure a competitive offer for this transaction and we are very excited to enhance our position in one of the best basins in the world with the addition of Shell’s high-quality assets and talented workforce. The transaction will be funded from available cash while still retaining a significant level of cash on the balance sheet for general purposes. Our underlying business drivers will be stronger and the expanded cash flows derived from this transaction mean shareholders will benefit from higher returns of capital consistent with our commitment to return of capital of at least 30% of cash from operations.”
Lance added, “In addition to enhancing our base plan, this transaction also enhances our ability as an E&P company to have a valued role in energy transition by accelerating progress on our Triple Mandate. The objectives of the mandate are to responsibly produce energy to meet transition demand, generate compelling returns on and of capital, and achieve our Paris-aligned targets and 2050 net zero ambition. The assets we’re adding are consistent with our low cost of supply strategy, which is designed to position our portfolio as the most likely to be developed as the energy transition progresses and the need for oil and gas is reduced over time. The assets we’re adding improve our ability to generate returns that are consistent with what investors demand through cycles. And the assets we’re adding will bring more low GHG intensity barrels to our mix. This deal hits on all the objectives of our mandate.”
Transaction Highlights and Benefits
Lance continued, “Our company is unique among independent E&P companies. We have a diversified, low cost of supply conventional and unconventional portfolio, tremendous financial strength and a track record of successfully executing on our proven value proposition for this business. Everything we do is in service to delivering superior returns to shareholders through cycles while continuously lowering our emissions intensity, especially as the energy transition plays out. The opportunity to announce a very attractive acquisition in conjunction with an ordinary dividend increase and an improved emissions intensity reduction target speaks to the strength of our company and a clear commitment to delivering on all aspects of our Triple Mandate. We’re again building upon our competitive advantages and our unbeatable combination of resilience, returns and ESG excellence. That’s the combination it will take to adapt, thrive and win in the new energy future.”
ConocoPhillips will host a conference call tomorrow at 10 a.m. Eastern time to discuss this announcement. To listen to the call and view related presentation materials, go to www.conocophillips.com/investor.
Goldman Sachs & Co. LLC is serving as ConocoPhillips’ exclusive financial advisor and Baker Botts L.L.P. is serving as ConocoPhillips’ legal advisor for the acquisition.
-- # # # --
About ConocoPhillips
Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 15 countries, $85 billion of total assets, and approximately 10,100 employees at June 30, 2021. Production excluding Libya averaged 1,518 MBOED for the six months ended June 30, 2021, and proved reserves were 4.5 BBOE as of Dec. 31, 2020. For more information, go to www.conocophillips.com.
Forward-Looking Statements
This news release contains forward-looking statements as defined under the federal securities laws. Forward-looking statements relate to future events, plans and anticipated results of operations, business strategies, and other aspects of our operations or operating results. Words and phrases such as “anticipate," “estimate,” “believe,” “budget,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict," “seek,” “should,” “will,” “would,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target” and other similar words can be used to identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Where, in any forward-looking statement, the company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future performance and involve certain risks, uncertainties and other factors beyond our control. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in the forward-looking statements. Factors that could cause actual results or events to differ materially from what is presented include the impact of public health crises, including pandemics (such as COVID-19) and epidemics and any related company or government policies or actions; global and regional changes in the demand, supply, prices, differentials or other market conditions affecting oil and gas, including changes resulting from a public health crisis or from the imposition or lifting of crude oil production quotas or other actions that might be imposed by OPEC and other producing countries and the resulting company or third-party actions in response to such changes; changes in commodity prices, including a prolonged decline in these prices relative to historical or future expected levels; changes in expected levels of oil and gas reserves or production; potential failures or delays in achieving expected reserve or production levels from existing and future oil and gas developments, including due to operating hazards, drilling risks or unsuccessful exploratory activities; unexpected cost increases or technical difficulties in constructing, maintaining or modifying company facilities; legislative and regulatory initiatives addressing global climate change or other environmental concerns; investment in and development of competing or alternative energy sources; disruptions or interruptions impacting the transportation for our oil and gas production; international monetary conditions and exchange rate fluctuations; changes in international trade relationships, including the imposition of trade restrictions or tariffs on any materials or products (such as aluminum and steel) used in the operation of our business; our ability to collect payments when due under our settlement agreement with PDVSA; our ability to collect payments from the government of Venezuela as ordered by the ICSID; our ability to liquidate the common stock issued to us by Cenovus Energy Inc. at prices we deem acceptable, or at all; our ability to complete the acquisition of assets from Shell (the “Shell Acquisition”) or any announced or any future dispositions or acquisitions on time, if at all; the possibility that regulatory approvals for the Shell Acquisition or any announced or any future dispositions or acquisitions will not be received on a timely basis, if at all, or that such approvals may require modification to the terms of the transactions or our remaining business; business disruptions during or following the Shell Acquisition or any other announced or any future dispositions or acquisitions, including the diversion of management time and attention; the ability to deploy net proceeds from our announced or any future dispositions in the manner and timeframe we anticipate, if at all; potential liability for remedial actions under existing or future environmental regulations; potential liability resulting from pending or future litigation, including litigation related to our transaction with Concho Resources Inc. (Concho); the impact of competition and consolidation in the oil and gas industry; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets; general domestic and international economic and political conditions; the ability to successfully integrate the assets from the Shell Acquisition or achieve the anticipated benefits from the transaction; the ability to successfully integrate the operations of Concho with our operations and achieve the anticipated benefits from the transaction; unanticipated difficulties or expenditures relating to the Shell Acquisition or the Concho transaction; changes in fiscal regime or tax, environmental and other laws applicable to our business; and disruptions resulting from extraordinary weather events, civil unrest, war, terrorism or a cyber attack; and other economic, business, competitive and/or regulatory factors affecting our business generally as set forth in our filings with the Securities and Exchange Commission. Unless legally required, ConocoPhillips expressly disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
Cautionary Note to U.S. Investors – The SEC permits oil and gas companies, in their filings with the SEC, to disclose only proved, probable and possible reserves. We may use the term "resource" in this news release that the SEC’s guidelines prohibit us from including in filings with the SEC, and any reserve estimates provided in this news release that are not specifically designated as being estimates of proved reserves may include “potential” reserves and/or other estimated reserves not necessarily calculated in accordance with, or contemplated by, the SEC’s latest reserve reporting guidelines. U.S. investors are urged to consider closely the oil and gas disclosures in our Form 10-K and other reports and filings with the SEC. Copies are available from the SEC and from the ConocoPhillips website.
Use of Non-GAAP Financial Information – This news release contains certain non-GAAP financial measures, including cash from operations, free cash flow and returns on capital employed. Cash from operations is defined as cash provided by operating activities excluding the impact from changes in operating working capital. Free cash flow is defined as cash from operations in excess of capital expenditures and investments. Return on capital employed is defined as the measure of profitability of the company’s average capital employed in its business expressed as a ratio, the numerator of which is historically reported or forecasted net income plus after-tax interest expense, and the denominator of which is average total equity plus total debt.
For full definitions and additional information about non-GAAP measures and other terms included here-in, please visit our website at www.conocophillips.com/nongaap. For forward-looking non-GAAP measures we are unable to provide a reconciliation to the most comparable GAAP financial measure because the information needed to reconcile these measures is dependent upon future events, many of which are outside of management’s control as described above. Additionally, estimating such GAAP measures and providing a meaningful reconciliation consistent with our accounting policies for future periods is extremely difficult and requires a level of precision that is unavailable for these future periods and cannot be accomplished without unreasonable effort. Forward-looking non-GAAP measures are estimated consistent with the relevant definitions and assumptions.
Other commonly used performance measures and financial terms include the following – Returns of capital (also referred to as distributions) is defined as the total of dividends and share repurchases. Dividend yield is calculated as the Company’s dividends per share relative to the current stock price. Strip pricing referenced in standalone transaction metrics based on pricing as of September 15, 2021.
Dennis Nuss (media)
281-293-4733
This email address is being protected from spambots. You need JavaScript enabled to view it.
Investor Relations
281-293-5000
This email address is being protected from spambots. You need JavaScript enabled to view it.
Regular Monthly Hybrid Meeting Scheduled Sept. 28 – Open to the Public
HOUSTON--(BUSINESS WIRE)--The Port Commission of the Port of Houston Authority will conduct its Regular Monthly Meeting on September 28, 2021 at 9:15 a.m. as a hybrid meeting. The Commissioners, executive leadership, and legal counsel will be present in the boardroom of the Port Authority Executive Office Building, located at 111 East Loop North, Houston, TX 77029.
The meeting is open to the public. However, the meeting can also be accessed virtually via WebEx webinar.
The Pension and Benefits Committee will meet on Tuesday, September 21st at 10:00 a.m.
The agenda and the instructions to access these meetings are available at https://porthouston.com/leadership/public-meetings/.
Sign up for public comment is available up to an hour before the Port Commission Regular Monthly, Committee and Advisory Council meetings by contacting Erik Eriksson at This email address is being protected from spambots. You need JavaScript enabled to view it. or Liana Christian at This email address is being protected from spambots. You need JavaScript enabled to view it..
About Port Houston
For more than 100 years, Port Houston has owned and operated the public wharves and terminals along the Houston Ship Channel – the nation’s largest port for waterborne tonnage and an essential economic engine for the Houston region, the state of Texas, and the U.S. nation. The more than 200 private and eight public terminals along the federal waterway supports the creation of nearly 1.35 million jobs in Texas and 3.2 million jobs nationwide, and economic activity totaling $339 billion in Texas – 20.6% of Texas’ total gross domestic product (GDP) – and a total of $801.9 billion in economic impact across the nation. For more information, visit the website: https://porthouston.com/
Lisa Ashley, Director, Media Relations, Port Houston
Office: 713-670-2644; Mobile: 832-247-8179; E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
SAN RAMON, Calif.--(BUSINESS WIRE)--#P97Networks--In a move to enhance its mobile apps for Chevron and Texaco consumers, Chevron Products Co., a division of Chevron U.S.A. Inc., today announced a new collaboration with mobile commerce leader P97 Networks to make every-day transactions for purchasing fuel and food or participating in loyalty offers as simple as unlocking your smartphone.
The new collaboration taps P97 Networks’ leadership in mobile commerce, cutting-edge technology solutions and demonstrated history of innovation to continue enhancing the customer experience at more than 7,800 Chevron and Texaco retail stations across the United States. This includes enabling personalized offers, mobile payments for fuel and EV charging, omni-channel marketing campaigns, and future functionalities aimed at facilitating contactless, frictionless payment transactions that are anticipated for the future.
“Chevron is dedicated to providing products and services for people on the go and continuing to address their needs in the retail of the future,” said Harry Hazen, Chevron senior manager of Americas Marketing. “Our collaboration with P97 strengthens that commitment – delivering a premium consumer experience at Chevron and Texaco locations by enabling our offerings with consistency, speed, consumer value, and security.”
The announcement with P97 Networks also augments Chevron’s history of success when it comes to the Chevron and Texaco mobile apps, including collaborations with Venmo and PayPal on payment methods, as well as with Honda Innovations on a Connected Car digital experience.
“At P97, we’ve been developing secure cloud-based mobile commerce and digital marketing solutions for the convenience retail and fuels marketing industries for years,” said Don Frieden, P97 Networks founder and CEO. “We look forward to our collaboration with Chevron and helping them continue to support consumers on their driving journey.”
About Chevron
Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever- cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. To advance a lower-carbon future, we are focused on cost efficiently lowering our carbon intensity, increasing renewables and offsets in support of our business, and investing in low-carbon technologies that enable commercial solutions. More information about Chevron is available at www.chevron.com.
About P97 Networks
P97 Networks provides a secure, mobile commerce and behavioral marketing platform that transforms mobile commerce for the convenience retail, fuel, and vehicle manufacturing industries. P97’s platform enhances the ability to attract, engage, and retain customers by securely connecting millions of individual mobile phones and connected cars with merchants using identity, geolocation-based software that creates a unique mobile consumer experience. For more information, visit www.p97.com.
Media Contacts
Chevron
Dan Foscalina
P: 925-842-6372
P97 Networks
Aaron Mireles
P: 713-588-4216
This email address is being protected from spambots. You need JavaScript enabled to view it.
Private E&P utilizes advanced production optimization solution for better well economics
HOUSTON--(BUSINESS WIRE)--#artificialintelligence--Ambyint, the leader in well lifecycle production optimization, today announced Bowline Energy LLC has lowered workover costs and deferred production with 28 percent longer runtimes on its rod lift wells using Ambyint InfinityRL™. Ambyint’s margin-improving technology was deployed in 2019 across the entirety of Bowline’s Williston basin asset. Bowline Energy is a private oil and gas company headquartered in Denver, Colorado.
“Our leadership team understands the role that technology can play in improving production outcomes,” says Tony Hale, vice president of operations at Bowline Energy. “After a thorough vetting process, we chose Ambyint to give us scaled production optimization across our asset base. Their technology provides our operations team a wider span of control significantly reducing failure rates, lowering LOE, and increasing production.”
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.
“We are excited to partner with Bowline to help them achieve significant production optimization results,” says Chris Robart, chief commercial officer at Ambyint. “Bowline's strong operational practices coupled with our technology have added to the company’s bottom line and serve as a proof point for the value our solution delivers over traditional, legacy optimization approaches.”
About Ambyint
Ambyint, a market leader in well lifecycle production optimization for the oil & gas industry, delivers step-change improvements to E&P production outcomes and margins by combining advanced physics and expertise with artificial intelligence to automate operations and production optimization workflows across all well types and artificial lift systems. www.ambyint.com.
About Bowline Energy LLC
Bowline Energy is a private exploration and production company focused on value creation through the safe, efficient acquisition and development of oil and gas assets within the Williston Basin. www.bowlineenergy.com.
Ginger Shelfer, senior marketing manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
Engineering center to focus on development of lightweight liquid hydrogen capsules for Universal Hydrogen’s modular distribution system
TOULOUSE, France & LOS ANGELES--(BUSINESS WIRE)--#aerospace--Universal Hydrogen Co., the company leading the fight to decarbonize aviation through the adoption of hydrogen as a universal fuel, announced today after an extensive search process that it will locate its second engineering and design center in Toulouse, France, Europe’s leading city for aviation manufacturing and innovation.
The company is leasing the historic Hangar B16 at Toulouse-Blagnac Airport, and appointed Airbus veteran Pierre Farjounel as General Manager of its European operations. Farjounel most recently served as the Head of Digital Continuity & Information Systems for Airbus’ next generation of aircraft. The center will initially focus on the development of a liquid hydrogen capsule for Universal Hydrogen’s modular storage and logistics system. As it grows through the course of 2022, the engineering center will also support the development of conversion kits for retrofitting regional aircraft with a hydrogen fuel cell powertrain, as well as development of modular hydrogen storage technology for single aisle, unmanned aerial vehicle (UAV), and other applications.
“Decarbonizing aviation in a timeframe to meet Paris Agreement targets, the importance of which has been further underscored by the recent and devastating IPCC report, demands a global effort, including the best and brightest aviation has to offer,” said Farjounel. “We have come to Toulouse because its resources — its engineering talent, suppliers, and manufacturing base, as well as its spirit of innovation — are unparalleled.”
“We warmly welcome the decision of Universal Hydrogen to set up an engineering and design center in Toulouse since it will contribute to the ongoing development of zero-carbon aviation and hydrogen energy production,” said Carole Delga, President of the Occitanie Region. “The deployment of hydrogen is a priority for the Occitanie Region, which recently launched a green hydrogen development plan for the period 2019-2030 with a budget of €150M. Universal Hydrogen will benefit from a unique ecosystem in the Occitanie Region to further develop its expertise and become a key global player in the effort to decarbonise aviation.”
“Universal Hydrogen’s decision to establish an engineering and design center at the airport is great news for Toulouse leadership,” said Philippe Crébassa, Chairman of the Board of Toulouse-Blagnac Airport (ATB). “It strengthens ATB’s position at the forefront of innovation for carbon-free aviation. With the HyPort station, hydrogen will be real at Toulouse airport by the end of this year and we look forward to partnering with Universal Hydrogen to leverage exciting synergies.”
Universal Hydrogen has deep connections to the Toulouse region. The company’s co-founder and CEO, Paul Eremenko, formerly served as Airbus’ Chief Technology Officer, leading a variety of electrification and decarbonization initiatives. Mark Cousin, Universal Hydrogen CTO, served as Technical Director for the Airbus Beluga XL program and subsequently as Senior Vice President for Flight Demonstrators. Tom Enders, former Airbus CEO, and John Leahy, former Airbus Chief Commercial Officer both serve on Universal Hydrogen’s Strategic Advisory Board.
In addition to Toulouse, Universal Hydrogen continues to work with other regions in France, as well as Germany and the Netherlands, to further accelerate its engineering and manufacturing capabilities. In May 2021, the company was one of 11 winners of the Paris Region’s “H2 Hub Airport” competition, sponsored by Airbus, ADP Group, and Air France KLM, and is working to develop a full-scale hydrogen aviation demonstration, as well as a regional service center in the Paris Region by the end of next year.
The company takes a unique approach by focusing on the entire value chain necessary to enable hydrogen-powered aviation, including providing hydrogen fuel services to airline customers, as well as introducing the first commercially-relevant hydrogen aircraft into passenger service in 2025 through the retrofit conversions of Dash-8 and ATR72 regional aircraft. Icelandair, Ravn Alaska, and Spain’s Air Nostrum have signed letters of intent with Universal Hydrogen to convert portions of their existing and future fleets to hydrogen power and to enter into long-term hydrogen fuel supply contracts using Universal Hydrogen’s modular fuel distribution network.
The company completed its Series A investment round earlier in the year, led by prominent Silicon Valley venture fund, Playground Global, with an investor syndicate comprised of Airbus Ventures, Global Founders Capital, Plug Power, Fortescue Future Industries, Coatue, JetBlue Technology Ventures, Toyota Ventures, and Sojitz Corporation.
For more information or to apply for open positions please visit here.
About Universal Hydrogen
Universal Hydrogen is making hydrogen-powered commercial flight a near-term reality. The company takes a flexible, scalable, and capital-light approach to hydrogen logistics by transporting it in modular capsules over the existing freight network from green production sites to airports around the world. To accelerate market adoption, Universal Hydrogen is also developing a conversion kit to retrofit existing regional airplanes with a hydrogen-electric powertrain compatible with its modular capsule technology.
Media
Kate Gundry
This email address is being protected from spambots. You need JavaScript enabled to view it.
617-797-5174
Offshore Source keeps you updated with relevant information concerning the Offshore Energy Sector.
Any views or opinions represented on this website belong solely to the author and do not represent those of the people, institutions or organizations that Offshore Source or collaborators may or may not have been associated with in a professional or personal capacity, unless explicitly stated.