Majority Allocated to World Class Guyana Developments and Bakken Two Rig Program

NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) today announced a 2021 Exploration & Production capital and exploratory budget of $1.9 billion, of which more than 80% will be allocated to Guyana and the Bakken.

Net production is forecast to average approximately 310,000 barrels of oil equivalent per day in 2021, excluding Libya. Bakken net production is forecast to average approximately 170,000 barrels of oil equivalent per day in 2021. This forecast includes the impact of operating a two rig program beginning in the first quarter and a planned 45-day turnaround and expansion tie-in at the Tioga Gas Plant in the third quarter, which is expected to reduce full year 2021 Bakken net production by approximately 7,500 barrels of oil equivalent per day.

“Our capital program reflects our disciplined approach in the current oil price environment to preserve cash, core capabilities and the long term value of our assets,” CEO John Hess said. “The majority of our 2021 budget is allocated to Guyana, where our three sanctioned oil developments have a Brent breakeven oil price of between $25 and $35 per barrel, and to the Bakken, where we have a large inventory of future drilling locations that generate attractive financial returns at current prices. By investing only in high return, low cost opportunities, we have built a differentiated portfolio of assets that we believe will provide industry leading cash flow growth over the course of the decade.”

Chief Operating Officer Greg Hill said: “In the Bakken, we plan to add a second rig during the first quarter, which will allow us to sustain production and cash flow generation from this important asset. Offshore Guyana, our focus in 2021 will be on advancing our next two sanctioned developments to first oil – Liza Phase 2 in early 2022 and Payara in 2024 – and on front end engineering and design work for future development phases on the Stabroek Block. We also will continue to invest in an active exploration and appraisal program, with 12-15 wells planned on the Stabroek Block.”

The $1.9 billion budget is allocated as follows: $670 million (35%) for production, $780 million (41%) for offshore Guyana developments and $450 million (24%) for exploration and appraisal activities.

Production

• $450 million to fund a two rig program in the Bakken. The company expects to drill approximately 55 gross operated wells and to bring online approximately 45 wells in 2021. Funds are also included for investment in nonoperated wells.
• $165 million for production activities at North Malay Basin (Hess 50% and operator) and the Malaysia/Thailand Joint Development Area (Hess 50%) in the Gulf of Thailand.

Developments

• $25 million associated with the Liza Phase 1 development on the Stabroek Block in Guyana (Hess 30%), where production reached nameplate capacity of 120,000 gross barrels of oil per day in December 2020.
• $450 million for the Liza Phase 2 development with a capacity of up to 220,000 gross barrels of oil per day, with first production expected in early 2022.
• $235 million for the Payara development with a capacity of up to 220,000 gross barrels of oil per day, with first production expected in 2024.
• $70 million primarily for front end engineering and design work for future development phases on the Stabroek Block.

Exploration and Appraisal

• $450 million to drill 12-15 exploration and appraisal wells on the Stabroek Block in Guyana (Hess 30%). Funds are also included for well planning on Block 42 in Suriname (Hess 33.3%), seismic acquisition and processing in Guyana and the Deepwater Gulf of Mexico and for license acquisitions.

Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at http://www.hess.com.

Cautionary Statements

This 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. Words such as “anticipate,” “estimate,” “expect,” “forecast,” “guidance,” “could,” “may,” “should,” “would,” “believe,” “intend,” “project,” “plan,” “predict,” “will,” “target” and similar expressions identify forward-looking statements, which are not historical in nature. Our forward-looking statements may include, without limitation: our future financial and operational results; our business strategy; estimates of our crude oil and natural gas reserves and levels of production; benchmark prices of crude oil, natural gas liquids and natural gas and our associated realized price differentials; our projected budget and capital and exploratory expenditures; expected timing and completion of our development projects; and future economic and market conditions in the oil and gas industry.

Forward-looking statements are based on our current understanding, assessments, estimates and projections of relevant factors and reasonable assumptions about the future. Forward-looking statements are subject to certain known and unknown risks and uncertainties that could cause actual results to differ materially from our historical experience and our current projections or expectations of future results expressed or implied by these forward-looking statements. The following important factors could cause actual results to differ materially from those in our forward-looking statements: fluctuations in market prices of crude oil, natural gas liquids and natural gas and competition in the oil and gas exploration and production industry, including as a result of the global COVID-19 pandemic; reduced demand for our products, including due to the global COVID-19 pandemic or the outbreak of any other public health threat, or due to the impact of competing or alternative energy products and political conditions and events; potential failures or delays in increasing oil and gas reserves, including as a result of unsuccessful exploration activity, drilling risks and unforeseen reservoir conditions, and in achieving expected production levels; changes in tax, property, contract and other laws, regulations and governmental actions applicable to our business, including legislative and regulatory initiatives regarding environmental concerns, such as measures to limit greenhouse gas emissions and flaring as well as fracking bans; disruption or interruption of our operations due to catastrophic events, such as accidents, severe weather, geological events, shortages of skilled labor, cyber-attacks or health measures related to COVID-19; the ability of our contractual counterparties to satisfy their obligations to us, including the operation of joint ventures under which we may not control; unexpected changes in technical requirements for constructing, modifying or operating exploration and production facilities and/or the inability to timely obtain or maintain necessary permits; availability and costs of employees and other personnel, drilling rigs, equipment, supplies and other required services; any limitations on our access to capital or increase in our cost of capital, including as a result of weakness in the oil and gas industry or negative outcomes within commodity and financial markets; liability resulting from litigation, including heightened risks associated with being a general partner of Hess Midstream LP; and other factors described in Item 1A—Risk Factors in our Annual Report on Form 10-K and any additional risks described in our other filings with the Securities and Exchange Commission.

As and when made, we believe that our forward-looking statements are reasonable. However, given these risks and uncertainties, caution should be taken not to place undue reliance on any such forward-looking statements since such statements speak only as of the date when made and there can be no assurance that such forward-looking statements will occur and actual results may differ materially from those contained in any forward-looking statement we make. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events or otherwise.

For Hess Corporation
Investor Contact:
Jay Wilson
(212) 536-8940
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Media Contact:
Lorrie Hecker
(212) 536-8250
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Iconic American brands including Amazon, Facebook, General Motors, McDonald’s, Pepsi Co, Target and Walmart sign on to statement outlining specific federal policies to decarbonize the power system

WASHINGTON--(BUSINESS WIRE)--Today, America’s largest energy customers are calling on the federal government to implement strong and specific national policies to accelerate the transition to a zero-carbon power sector and expand access to clean energy for customers.

“Clean energy presents an unprecedented opportunity to recover after the triple whammy of 2020: pandemic-induced recession, climate calamities, and racial reckoning,” said Miranda Ballentine, CEO of the Renewable Energy Buyers Alliance (REBA), a member-based organization that represents and advocates on behalf of many of America’s largest energy buyers. “Policies like those outlined today can revitalize the economy, grow high-wage jobs and create the electricity system of the future. As the newly inaugurated Biden Administration looks to take immediate steps to rebuild the economy and tackle the climate crisis, these iconic businesses stand ready to work together to make a zero-carbon power vision a reality.”

The Energy Buyer Federal Clean Energy Policy statement, organized by the REBA, emphasizes the need for ambitious national policies that modernize the power grid and ensure it is resilient, affordable, customer-focused, and most importantly, carbon-free. The statement’s signatories include:

• Adobe
• Amazon
• American Honda Motor Co., Inc.
• Ardagh Group
• Atlassian
• Cargill
• Danone North America
• DSM North America
• Equinix, Inc.
• Facebook
• General Motors
• Google
• H&M
• Johnson & Johnson
• LafargeHolcim
• McDonald’s Corporation
• Micron Technology, Inc.
• Microsoft
• Nestlé
• Novozymes
• PepsiCo
• QTS Data Centers
• Ralph Lauren Corporation
• Renewable Energy Buyers Alliance
• Sabey Data Centers
• Saint-Gobain North America
• Salesforce
• Target
• The Clorox Company
• The Walt Disney Company
• Unilever, United States
• VMware
• Walmart Inc.
• WeWork
• Workday
• Yum! Brands, Inc.

These companies represent more than $5.8 trillion in revenue and 13.5+ million employees from across diverse sectors of the U.S. economy. American businesses have signed nearly 30 GW of new, large-scale renewable energy contracts since 2014. In 2019, announced deals, totaling 9.4 GW, were the equivalent of 80 percent of total renewable energy capacity installed in the U.S., with soon-to-be-announced 2020 year-end numbers showcasing growth in the market despite challenges felt across the industry due to the pandemic. More than 250 global businesses have committed to using 100 percent renewable energy, and Fortune 1000 companies may represent as much as 85 GW of renewable energy demand through 2030.

“Walmart is on a path to become a regenerative company through our initiatives including targeting zero-carbon emissions across our operations without the use of carbon offsets by 2040,” said Steve Chriss, Director of Energy Services at Walmart. “Clean energy resources are critical to reaching that goal, and we have set a goal to be powered 100 percent by renewable energy globally by 2035. The federal policies put forth by REBA will enable growth in renewable energy and progression to a decarbonized power grid while maintaining affordability and resilience for all American consumers.”

Already clean energy and climate action champions, these diverse businesses have taken a step past their peers to advocate for key policy strategies that accelerate energy buyer procurement goals and create a roadmap for the Biden Administration to actualize its vision of a zero-carbon energy future, including:

1. Leverage organized wholesale electricity markets for grid decarbonization by improving existing wholesale markets and expanding wholesale markets to achieve least-cost, efficient clean energy deployment.
2. Decarbonize the grid for all through swift federal government action to harmonize and update the current patchwork of clean energy policies.
3. Support innovation to advance a resilient, affordable, clean energy system by substantially increasing federal funding for clean energy technology research, development and demonstration.

“It’s imperative for McDonald’s to use its scale to help democratize clean energy for all. Our work must be meaningful and impactful as we continue making progress toward our goal to reduce greenhouse gas emissions,” said Emma Cox, Global Renewable Energy Lead at McDonald’s and REBA Board member. “This group of market leaders has the opportunity to advocate for key policies that will transform the future of energy markets for generations to come.”

You can read the full statement here.

Marisa Long
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Enhances Leeward’s position in U.S. renewable energy sector through acquisition of complementary market-leading project platform

Significantly accelerates growth of Leeward’s solar development focus

DALLAS--(BUSINESS WIRE)--Leeward Renewable Energy, LLC (“Leeward”), a growth-oriented renewable energy company and portfolio company of OMERS Infrastructure, today announced that it has entered into a Purchase and Sale Agreement (the “Agreement”) with First Solar, Inc. (NASDAQ: FSLR), through which Leeward will acquire from First Solar a utility-scale solar project platform of approximately 10-gigawatts (GW)_AC.

Upon closing of the transaction, Leeward will acquire the project development platform, which includes 773 megawatts (MW)_AC of projects that are expected to commence construction in the next two years, as well as the 30-MW_AC Barilla Solar Project, which is operational. The pipeline includes projects in the California, Southwest and Southeast markets, which are geographically complementary to Leeward’s portfolio. The transaction will enable Leeward to expand its geographic footprint, furthering Leeward’s position in the U.S. renewable energy space. Key members of the First Solar development team are also expected to join Leeward upon closing.

Jason Allen, Chief Executive Officer of Leeward, said, “We look forward to welcoming the new team members who will join Leeward in connection with this transaction. The acquisition of this development platform from First Solar will support our aggressive growth strategy as a leading independent power producer and elevate Leeward’s prominent position in today’s energy market. The public recognizes that renewable energy is a key driver in combating the global issue of climate change. Solar and renewable technologies continue to advance and now provide economically viable solutions in virtually every market in the U.S. We will continue to grow our wind, solar, and storage presence so we can continue to provide clean energy to our existing and future customers as they pursue their net-zero emission goals.”

Tom Frazier, Managing Director, OMERS Infrastructure, said, “We are delighted to support today’s announcement as a key milestone for Leeward, and look forward to continuing to support Leeward’s growth. This news represents an integral next step for Leeward as a leading renewable energy platform in North America as it plays an important role in the broader energy transition.”

Michael Ryder, Head of Americas, OMERS Infrastructure, said, “We are proud to have Leeward in our global portfolio of high-quality infrastructure assets. Further expanding our investment in clean energy is a priority for us as a key component of our broader commitment to environmentally sustainable investing. Supporting this acquisition and future growth at Leeward is an important part of that strategy.”

Strategic Benefits

• Furthers Leeward’s aggressive market growth strategy across wind, solar and storage technologies: This acquisition accelerates Leeward’s aggressive growth plan, and will make Leeward one of the top renewable energy companies in the U.S. market. Leeward will have streamlined and enhanced capabilities across key functions, such as origination and power marketing, and continue to offer its customers renewable energy solutions across the technology spectrum.

• Accelerates the growth of solar development portfolio: With the transaction, Leeward’s solar development pipeline will reach 14 GW and be located in key markets across the U.S.

• Provides geographic diversity and opportunity to expand into new markets: First Solar’s [pipeline] of development projects, with a strong presence in California, the Southwest, and the Southeast, is an ideal complement to Leeward’s existing portfolio of renewable energy assets, focused on the Midwest, West and Texas markets.

The transaction is expected to close in the first quarter of 2021, following receipt of customary regulatory approvals and satisfaction of customary closing conditions.

About Leeward Renewable Energy, LLC

Leeward Renewable Energy is a growth-oriented renewable energy company that owns and operates a portfolio of 21 wind farms across nine states totaling approximately 2,000 megawatts of generating capacity. Leeward is actively developing new wind, solar, and energy storage projects in energy markets across the U.S. Leeward is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada’s largest defined benefit pension plans with C$109 billion in net assets (as at December 31, 2019). For more information, visit www.leewardenergy.com.

About First Solar, Inc.

First Solar is a leading global provider of comprehensive photovoltaic (PV) solar solutions, which use its advanced module and system technology. The company’s integrated power plant solutions deliver an economically attractive alternative to fossil-fuel electricity generation today. From raw material sourcing through end-of-life module recycling, First Solar’s renewable energy solutions protect and enhance the environment. For more information about First Solar, please visit www.firstsolar.com.

Sard Verbinnen & Co.
Kelly Kimberly
+1.713.822.7538
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Verifavia recertifies that EU MRV and IMO DCS meet emission compliance as well as development standards

OAKLAND, Calif. & FLENSBURG, Germany--(BUSINESS WIRE)--Navis, the leading provider of maritime software solutions for efficient and compliant cargo, stowage planning and vessel performance, today announced that the dedicated emission compliance-modules for the EU MRV and IMO DCS Bluetracker Solutions- Bluetracker ONE & Reporting have been recertified by Verifavia. Bluetracker is fully compliant with the requirements of 2015/757 for the EU MRV and MARPOL Annex VI, Regulation 22A for the IMO DCS.

As part of the Verifavia certification process, a deep analysis of Navis data and processes was conducted, including a comprehensive survey of the Bluetracker engineering team. The results recertifies that Navis continuously improves its software solution in response to new regulations and the needs of the shipping industry. Additionally, the analysis also showed that the focus of the latest major upgrades in the combined Bluetracker Solutions revolves around innovative offerings, which helps shipping companies eliminate manual processes and have one accurate data source. As a result, the combined Bluetracker solutions assist shipping companies to generate automatic annual emission reports in accordance with the EU MRV and IMO Data Collection System (DCS) regulations.

“With Verifavia certification and its latest upgrades, Bluetracker has once again yielded how significant it is to work with innovative and visionary software solutions while ensuring sustainable operations and processes for the shipping industry,” said Ajay Bharadwaj, Sr. Director Product Management for Navis Carrier and Vessel Solutions. “That is why, here at Navis, we guarantee your operations and processes, in order to comply with the EU MRV and IMO DCS, will be sustainable, error-free and seamless with the combined Bluetracker Solutions.”

“Reducing greenhouse gases emissions from the shipping industry is getting higher on everyone’s agenda, and complying with the EU MRV and IMO DCS regulations while avoiding manually intensive administrative processes can be a challenge,” said Nicolas Duchêne, Chief Operating Officer & VP Technical of Verifavia. “We strongly believe that the complying process can be robust, efficient and effortless if shipping companies invest in smart software solutions. In this context, our experiences show that Bluetracker Solutions, between others, offer a best practice solution to make the compliance process error-free, easy and automated for all the stakeholders.”

The new period of compliance in the ocean shipping industry has just begun , and Navis is now proving the value-added benefits of working with automated compliance solutions by offering modules of the EU MRV and IMO DCS reporting of Bluetracker Solutions for free. To learn more about Navis Bluetracker, view the on-demand webinar here.

About Navis, LLC

Navis, a part of Cargotec Corporation, is a provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the cargo supply chain. Navis combines industry best practices with innovative technology and world-class services, to enable our customers, regardless of cargo type, to maximize performance and reduce risk. Through its holistic approach to operational optimization, Navis customers benefit from improved visibility, velocity and measurable business results. Whether tracking cargo through a terminal, improving vessel safety and cargo capacity, optimizing rail network planning and asset utilization, automating equipment operations, or managing multiple terminals through an integrated, centralized solution, Navis helps all customers streamline operations. www.navis.com

About Cargotec Corporation

Cargotec (Nasdaq Helsinki: CGCBV) enables smarter cargo flow for a better everyday with its leading cargo handling solutions and services. Cargotec's business areas Kalmar, Hiab and MacGregor are pioneers in their fields. Through their unique position in ports, at sea and on roads, they optimize global cargo flows and create sustainable customer value. Cargotec's sales in 2019 totaled approximately EUR 3.7 billion and it employs around 12,000 people. www.cargotec.com

About Verifavia Shipping:

Verifavia Shipping strives to be the maritime industry’s first choice for the provision of emissions verification and hazardous materials preparation and maintenance services. With offices in Paris, Singapore, and Chandigarh, Verifavia Shipping also has trusted partners based in Panama, EU, Singapore, Republic of Korea, the US, Australia, China, Greece, Turkey, Hong Kong to provide a local, accurate and expert service worldwide.

By combining its innovative approach and streamlined procedures with the technical expertise and industry knowledge of its team, Verifavia Shipping provides smooth, flexible and competitive services, enabling customers to navigate compliance effectively and efficiently.

Verifavia Shipping was the first company to provide EU Monitoring Reporting and Verification (MRV) services and the first independent verifier to provide International Maritime Organisation’s (IMO) Data Collection System (DCS) verification for several flag states.

For more information about Verifavia Shipping, visit http://www.verifavia-shipping.com.

For up-to-date information and news, follow http://twitter.com/VerifaviaMarine.

Ekinsu Rudek
Navis, LLC
T+49 461 430 41 318
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Geena Pickering
Affect
T+1 212 398 9680
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Guidance highlights include:

• 2021 net income of $590—$620 million and Adjusted EBITDA¹ of $860—$890 million, resulting in Distributable Cash Flow¹ of $750—$780 million.
• Capital expenditures expected to reduce to $160 million in 2021, reflecting lower ongoing capital levels following the completion of major construction at the Tioga Gas Plant expansion.
• Hess Midstream LP expects to generate Adjusted Free Cash Flow¹ of approximately $610—$640 million, in 2021, sufficient to fully fund our targeted distributions with excess of approximately $100 million.
• Completed annual tariff rate redetermination process and established minimum volume commitments (“MVCs”) for 2023 implying continued revenue growth through increasing MVCs in 2022 and expected organic volume growth in 2023. In 2021 and 2022, Hess Midstream LP expects approximately 95% minimum volume commitment revenue protection.
• Hess Midstream LP exercised its renewal options for additional 10-year terms for certain crude oil gathering, terminaling, storage, gas processing and gas gathering commercial agreements with Hess Corporation, extending these agreements through December 31, 2033.
• Extended targeted annual distribution per share growth of at least 5% through 2023 with expected annual distribution coverage greater than 1.4x.
• In 2022 and 2023, Hess Midstream LP expects continued growth in Adjusted EBITDA and Adjusted Free Cash Flow generation sufficient to fully fund growing distributions, creating additional capital allocation flexibility.

HOUSTON--(BUSINESS WIRE)--$HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today provided 2021 guidance and announced its 2021 capital budget.

John Gatling, President and Chief Operating Officer of Hess Midstream said, “We enter 2021 with Hess planning to add a rig in the Bakken and our plans to further enhance our gas capture capability, driving future growth for Hess Midstream. We are in a unique position with visible growth, excess cash flow and a contract structure that generates 100% fee-based revenues with downside protection through 2033.”

Full Year 2021 Guidance

Hess Midstream financial guidance incorporates the outcomes of the year-end tariff rate recalculation and nomination process conducted with Hess Corporation (“Hess”) under Hess Midstream’s commercial agreements with Hess.

Hess Midstream expects full year 2021 net income of between $590 million and $620 million and Adjusted EBITDA of between $860 million and $890 million. Hess Midstream expects full year 2021 Distributable Cash Flow to range between $750 million and $780 million, resulting in a distribution coverage ratio of at least 1.4x.

In 2021, Hess Midstream expects to generate Adjusted Free Cash Flow of between $610 million and $640 million and approximately $100 million, after funding distributions that are targeted to grow at least 5% per annum on a distribution per share basis. In addition, Hess Midstream expects leverage to be approximately 2x Adjusted EBITDA on a full year basis providing capital allocation flexibility.

Full year 2021 financial guidance includes approximately 95% minimum volume commitment revenue, as Hess Midstream’s physical volumes are generally expected to be at or below minimum volume commitment levels.

In 2021, full year gas gathering volumes are anticipated to average 285 to 295 MMcf/d and gas processing volumes are expected to average 270 to 280 MMcf/d. Gas gathering and gas processing throughput volumes in 2021 guidance each reflect an approximate 30 MMcf/d reduction due to the planned Tioga Gas Plant turnaround in the third quarter.

Crude oil gathering volumes are anticipated to average 110 to 120 MBbl/d in 2021, and crude oil terminaling volumes are expected to average 120 to 130 MBbl/d, supported by Hess’ announced plan to add an additional rig in the Bakken by the end of the first quarter.

Water gathering volumes are expected to average 60 to 70 MBbl/d for full year 2021.

Third parties are expected to comprise approximately 10% of total gas and 15% of total crude oil throughput volumes for 2021.

Full Year 2021 Capital Guidance

Hess Midstream expects 2021 capital expenditures of $160 million, reflecting lower ongoing capital levels following the completion of major construction at the Tioga Gas Plant expansion. Approximately $140 million is allocated to expansion capital expenditures, with an estimated $20 million allocated to maintenance capital expenditures.

Approximately $90 million of the 2021 capital budget is allocated to gas compression, with activities focused on the construction of two new greenfield compressor stations and associated pipeline infrastructure, which, when online in 2022 will initially provide an additional 64 MMcf/d of gas compression capacity, further enhancing gas capture capability and supporting Hess’ development in the basin. Approximately $10 million is allocated for the completion of export tie-ins for the Tioga Gas Plant expansion, with approximately $40 million allocated to gathering system well connects to service Hess and third-party customers.

Maintenance capital is primarily in respect of the planned maintenance turnaround at the Tioga Gas Plant.

Full year 2021 guidance is summarized below:

Long-Term Financial Metrics

Hess Midstream has targeted distribution per share growth of at least 5% through 2023 with expected annual distribution coverage greater than 1.4x.

In 2022 and 2023, Hess Midstream expects continued growth in Adjusted EBITDA and Adjusted Free Cash Flow generation sufficient to fully fund growing distributions without incremental debt or equity while creating additional capital allocation flexibility, including return of capital to shareholders.

Minimum Volume Commitments

As part of the annual nomination process set forth in our long-term commercial contracts, Hess’ MVCs were reviewed and updated, based upon the nomination of Hess’ and third-party throughput volumes contracted through Hess. MVCs are set annually at 80% of Hess’ nomination for the three years following each nomination. Once set, MVCs for each year can only be increased and not reduced.

As part of the process, MVCs for 2023 were set at 80% of nominated volumes reflecting expected organic throughput volume growth across all systems relative to 2021 volume guidance driven by increased gas capture and ongoing gathering system well connects. MVCs for 2023 imply expected organic volumetric growth relative to 2021 volume guidance as well as revenue growth from expected 2023 volumes relative to 2022 MVC levels. Hess Midstream has approximately 95% MVC revenue protection through 2022.

Commercial Agreements

On December 30, 2020, Hess Midstream exercised its renewal options to extend for additional 10-year terms, through December 31, 2033, certain crude oil gathering, terminaling, storage, gas processing and gas gathering commercial agreements with Hess. There were no changes to any provisions of the existing commercial agreements as a result of the exercise of the renewal options. For the remaining water gathering and disposal agreements as well as the remaining gas gathering agreement, Hess Midstream has the sole option to renew these agreements for an additional term that is exercisable at a later date.

About Hess Midstream

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

Reconciliation of U.S. GAAP to Non-GAAP Measures

In addition to our financial information presented in accordance with U.S. generally accepted accounting principles (“GAAP”), management utilizes certain additional non-GAAP measures to facilitate comparisons of past performance and future periods. “Adjusted EBITDA” presented in this release is defined as reported net income (loss) before net interest expense, income tax expense, depreciation and amortization and our proportional share of depreciation of our equity affiliates, as further adjusted to eliminate the impact of certain items that we do not consider indicative of our ongoing operating performance, such as transaction costs, other income and other non-cash, non-recurring items, if applicable. “Distributable Cash Flow” or “DCF” is defined as Adjusted EBITDA less net interest, excluding amortization of deferred financing costs, cash paid for federal and state income taxes and maintenance capital expenditures. DCF does not reflect changes in working capital balances. We previously reported the non-GAAP measure of “free cash flow”, which we defined as Adjusted EBITDA less capital expenditures. As this definition varied from other definitions of free cash flow, we determined it was appropriate to discontinue reporting free cash flow as previously defined and to report Adjusted Free Cash Flow beginning with the fourth quarter of 2020. We define “Adjusted Free Cash Flow” as DCF less expansion capital expenditures and ongoing contributions to equity investments. We believe that investors’ understanding of our performance is enhanced by disclosing these measures as they may assist in assessing our operating performance as compared to other publicly traded companies in the midstream energy industry, without regard to historical cost basis or, in the case of Adjusted EBITDA, financing methods, and assessing the ability of our assets to generate sufficient cash flow to make distributions to our shareholders. These measures are not, and should not be viewed as, a substitute for GAAP net income or cash flow from operating activities and should not be considered in isolation. Reconciliations of Adjusted EBITDA, DCF and Adjusted Free Cash Flow to reported net income (GAAP) is provided below. Hess Midstream is unable to project net cash provided by operating activities with a reasonable degree of accuracy because this metric includes the impact of changes in operating assets and liabilities related to the timing of cash receipts and disbursements that may not relate to the period in which the operating activities occur. Therefore, Hess Midstream is unable to provide projected net cash provided by operating activities, or the related reconciliation of projected Adjusted Free Cash Flow to projected net cash provided by operating activities without unreasonable effort.

Cautionary Note Regarding Forward-looking Information

This press release contains “forward-looking statements” within the meaning of U.S. federal securities laws. Words such as “anticipate,” “estimate,” “expect,” “forecast,” “guidance,” “could,” “may,” “should,” “would,” “believe,” “intend,” “project,” “plan,” “predict,” “will,” “target” and similar expressions identify forward-looking statements, which are not historical in nature. Our forward-looking statements may include, without limitation: our future financial and operational results; our business strategy; our industry; our expected revenues; our future profitability; our maintenance or expansion projects; our projected budget and capital expenditures and the impact of such expenditures on our performance; and future economic and market conditions in the oil and gas industry.

Forward-looking statements are based on our current understanding, assessments, estimates and projections of relevant factors and reasonable assumptions about the future. Forward-looking statements are subject to certain known and unknown risks and uncertainties that could cause actual results to differ materially from our historical experience and our current projections or expectations of future results expressed or implied by these forward-looking statements. The following important factors could cause actual results to differ materially from those in our forward-looking statements: the direct and indirect effects of the COVID-19 global pandemic and other public health developments on our business and those of our business partners, suppliers and customers, including Hess; the ability of Hess and other parties to satisfy their obligations to us, including Hess’ ability to meet its drilling and development plans on a timely basis or at all and the operation of joint ventures that we may not control; our ability to generate sufficient cash flow to pay current and expected levels of distributions; reductions in the volumes of crude oil, natural gas, natural gas liquids (“NGLs”) and produced water we gather, process, terminal or store; fluctuations in the prices and demand for crude oil, natural gas and NGLs, including as a result of the COVID-19 global pandemic; changes in global economic conditions and the effects of a global economic downturn on our business and the business of our suppliers, customers, business partners and lenders; our ability to comply with government regulations or make capital expenditures required to maintain compliance, including our ability to obtain or maintain permits necessary for capital projects in a timely manner, if at all, or the revocation or modification of existing permits; our ability to successfully identify, evaluate and timely execute our capital projects, investment opportunities and growth strategies, whether through organic growth or acquisitions; costs or liabilities associated with federal, state and local laws, regulations and governmental actions applicable to our business, including legislation and regulatory initiatives relating to environmental protection and safety, such as spills, releases, pipeline integrity and measures to limit greenhouse gas emissions; our ability to comply with the terms of our credit facility, indebtedness and other financing arrangements, which, if accelerated, we may not be able to repay; reduced demand for our midstream services, including the impact of weather or the availability of the competing third-party midstream gathering, processing and transportation operations; potential disruption or interruption of our business due to catastrophic events, such as accidents, severe weather events, labor disputes, information technology failures, constraints or disruptions and cyber-attacks; any limitations on our ability to access debt or capital markets on terms that we deem acceptable, including as a result of weakness in the oil and gas industry or negative outcomes within commodity and financial markets; liability resulting from litigation; and other factors described in Item 1A—Risk Factors in our Annual Report on Form 10-K and any additional risks described in our other filings with the Securities and Exchange Commission.

As and when made, we believe that our forward-looking statements are reasonable. However, given these risks and uncertainties, caution should be taken not to place undue reliance on any such forward-looking statements since such statements speak only as of the date when made and there can be no assurance that such forward-looking statements will occur and actual results may differ materially from those contained in any forward-looking statement we make. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events or otherwise.

For Hess Midstream LP

Investor Contact:
Jennifer Gordon
(212) 536-8244

Media Contact:
Robert Young
(713) 496-6076

DALLAS--(BUSINESS WIRE)--Trinity Industries, Inc. (NYSE:TRN) announced today that Trinity Industries Leasing Company (“TILC”) has issued the release of its Green Financing Framework, supported by a second-party opinion from Sustainalytics, a Morningstar Company and a globally-recognized provider of ESG research, ratings and data.

“As part of our commitment to sustainability, Trinity takes our commitment to reducing our environmental impact seriously as a company and as an industry,” said Jean Savage, Chief Executive Officer and President at Trinity Industries. “TILC’s Green Financing Framework is an important step to contributing to a more resource-efficient economy, embedding climate change mitigation into our business strategy, and better facilitating our customers’ alignment in confronting these growing challenges.”

The Green Financing Framework enables TILC to issue green financing instruments, including green non-recourse ABS bonds and green loans, supported by green eligible assets. TILC will manage and report on eligible projects and assets, in line with the Green Bond Principles, 2018 and the Green Loan Principles, 2020. Under the newly issued framework, currently eight of TILC’s outstanding debt financings, representing over $4 billion of railcar-related debt, meet the criteria and qualify for the Green Financing designation. Crédit Agricole CIB acted as Trinity’s Green Structuring Advisor and will continue to support Trinity as a long-term partner in its sustainable finance efforts.

“TILC has been a pioneer in developing the railcar asset-backed securitization market since 2001, and we are pleased to, once again, be leading the charge for the North American railcar industry as the first railcar lessor to publish a Green Financing Framework for railcar assets,” said Eric Marchetto, Executive Vice President and Chief Financial Officer. “Railcars are a sustainable mode of transportation and play an important role in the industrial supply chain by transporting our country’s most important products across the North American continent in an environmentally-friendly manner. We are proud of the role that Trinity’s railcars play in lowering the overall environmental footprint of the transportation industry.”

Both TILC’s Green Financing Framework and the second-party opinion from Sustainalytics can be found on the “Green Financing” portion of the Company’s Sustainability website.

About Trinity Industries

Trinity Industries, Inc., headquartered in Dallas, Texas, owns businesses that are leading providers of rail transportation products and services in North America. Our rail-related businesses market their railcar products and services under the trade name TrinityRail®. The TrinityRail platform provides railcar leasing and management services, as well as railcar manufacturing, maintenance and modifications. Trinity also owns businesses engaged in the manufacture of products used on the nation’s roadways and in traffic control, as well as a logistics business that primarily provides support services to Trinity. Trinity reports its financial results in three principal business segments: the Railcar Leasing and Management Services Group, the Rail Products Group, and the All Other Group. For more information, visit: www.trin.net.

Some statements in this release, which are not historical facts, are “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about Trinity's estimates, expectations, beliefs, intentions or strategies for the future, and the assumptions underlying these forward-looking statements, including, but not limited to, future financial and operating performance, future opportunities and any other statements regarding events or developments that Trinity believes or anticipates will or may occur in the future, including the potential financial and operational impacts of the COVID-19 pandemic. Trinity uses the words “anticipates,” “assumes,” “believes,” “estimates,” “expects,” “intends,” “forecasts,” “may,” “will,” “should,” “guidance,” “projected,” “outlook,” and similar expressions to identify these forward-looking statements. Forward-looking statements speak only as of the date of this release, and Trinity expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in Trinity’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based, except as required by federal securities laws. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from historical experience or our present expectations, including but not limited to risks and uncertainties regarding economic, competitive, governmental, and technological factors affecting Trinity’s operations, markets, products, services and prices, and such forward-looking statements are not guarantees of future performance. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” and “Forward-Looking Statements” in Trinity’s Annual Report on Form 10-K for the most recent fiscal year, as may be revised and updated by Trinity’s Quarterly Reports on Form 10-Q, and Trinity’s Current Reports on Form 8-K.

Investor Contact:
Jessica L. Greiner
Vice President, Investor Relations and Communications
Trinity Industries, Inc.
(Investors) 214/631-4420

Media Contact:
Jack L. Todd
Vice President, Public Affairs
Trinity Industries, Inc.
(Media Line) 214/589-8909

DUBLIN--(BUSINESS WIRE)--The "Nigeria Crude Oil Refinery Outlook to 2025" report has been added to ResearchAndMarkets.com's offering.

Nigeria Crude Oil Refinery Outlook to 2025 is a comprehensive report on crude oil refinery industry in Nigeria. The report also provides details on oil refineries such as name, type, operational status, operator apart from capacity data for the major processing units, for all active and planned refineries in Nigeria for the period 2015-2025. Further, the report also offers recent developments, financial deals as well as latest contracts awarded in the country's oil refinery industry, wherever available.

Scope

• Updated information related to all active, planned and announced refineries in the country, including operator and equity details
• Information on CDU, condensate splitter, coking, catalytic cracking and hydrocracking capacities by refinery in the country, wherever available
• Key mergers and acquisitions, and asset transactions in the country's crude oil industry, wherever available
• Latest developments, and awarded contracts related to crude oil refineries in the country, wherever available

Reasons to Buy

• Gain strong understanding of the country's crude oil refining industry
• Facilitate decision making on the basis of strong historical and outlook of capacity data
• Assess your competitor's major crude oil refining assets and their performance in the country
• Analyze the latest developments, financial deals and awarded contracts related to the country's crude oil refining industry
• Understand the country's financial deals landscape by analyzing how competitors are financed, and the mergers and partnerships that have shaped the market

Key Topics Covered:

1. Tables & Figures

2. Introduction

2.1. What is This Report About?

2.2. Market Definition

3. Nigeria Refining Industry

3.1. Nigeria Refining Industry, Key Data

3.2. Nigeria Refining Industry, Overview

3.3. Nigeria Refining Industry, Total Refining Capacity

3.4. Nigeria Refining Industry, Crude Distillation Unit Capacity

3.5. Nigeria Refining Industry, Condensate Splitter Unit Capacity

3.6. Nigeria Refining Industry, Coking Capacity

3.7. Nigeria Refining Industry, Catalytic Cracking Capacity

3.8. Nigeria Refining Industry, Hydrocracking Capacity

3.9. Nigeria Refining Industry, Asset Details

3.9.1. Nigeria Refining Industry, Active Asset Details

3.9.2. Nigeria Refining Industry, Planned Asset Details

4. Recent Contracts

4.1. Detailed Contract Summary

4.1.1. Awarded Contracts

5. Financial Deals Landscape

5.1. Detailed Deal Summary

5.1.1. Acquisition

5.1.2. Debt Offerings

5.1.3. Partnerships

5.1.4. Asset Transactions

6. Recent Developments

6.1. Other Significant Developments

7. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/e8omup

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

One of the first of its kind in ski country, this ski-in/ski-out, for-sale residence will be 100% powered by renewable energy

SNOWMASS VILLAGE, Colo.--(BUSINESS WIRE)--Snowmass Base Village (SBV) introduces the all-electric and appropriately named: Electric Pass Lodge. Designed to be 100% powered by renewable energy, this development will be one of the first of its kind in the country. The building will include 53 ski-in/ski-out, for-sale residences at the base of the iconic Snowmass Ski Area.

“If you own a home at a ski resort, you’re inherently invested in the preservation of snow,” says Andy Gunion, Roaring Fork Valley Managing Partner for East West Partners. “Nobody wants their ski home to contribute to climate change, but the reality is most do. With Electric Pass Lodge, we’re thrilled to offer buyers beautifully designed, high-performing, healthy residences that come with the piece-of-mind that when you turn up your heat, you’re not melting our precious snow.”

These Scandinavian-inspired residences will be 2- and 3-bedroom with prices starting at $1.4 million. Each owner will have access to private amenities, including the village pool complex being built in conjunction with the building (not part of the development’s electric system), Zoom rooms, SBVfit health club, a lounge, courtyard, ski locker room, storage and underground parking. These private amenities complement the abundance of public offerings available right out the front door, ranging from ski slopes to summer trails to all the events and activities the newly completed Base Village has to offer.

Buyers and their local brokers will enjoy an innovative, COVID safe, digital-driven purchasing process with reservations opening on Jan. 26, 2021 on www.ElectricPassLodge.com. Construction is scheduled to start this April and is projected to be completed in spring of 2023.

Electric Pass Lodge’s design was crafted by two Colorado-based firms – 4240 Architecture and River + Lime.

“We set out to design not only a contemporary Scandinavian-inspired alpine lodge, but the most sustainable, all-electric condominium building in the Colorado Mountains. Electric Pass Lodge will set a new standard for the future of building design in Snowmass and hopefully for ski resorts across North America,” says Christian Barlock, principal with 4240.

River + Lime’s goal with the interiors was to create comforting spaces that offer laid-back sophistication and approachable luxury.

The design team focused just as much on the health of the building’s occupants as on its climate impact. “One of the great things about designing a sustainable building is we end up with a building that is extremely healthy for our owners and their families,” says Ellen McCready, Project Manager for East West Partners.

Along with the construction of Electric Pass Lodge comes the adjacent village pool. This 25-yard outdoor pool, featuring lap lanes, a water slide and hot tub, is designed with a saltwater system to provide a healthier swimming experience. Surrounded by an expansive sun deck featuring a seasonal cabana bar and shade pergola the pool will be available to Electric Pass owners and guests, as well as a variety of other residential owners in Base Village. The pool is not part of the building’s renewable electricity program. The zoning-required amenity was too large to allow for it.

Electric Pass Lodge joins a collection of other LEED certified buildings in SBV, which is a LEED certified neighborhood. East West partnered with KSL Capital Partners and Aspen Skiing Company (ASC) in 2016 to acquire and complete the village at the base of Snowmass Ski Area.

ASC is no stranger to sustainable building. The ski company was the first in the industry to develop a set of green buildings, and they participated in the creation of U.S. Green Building Council’s Leadership Energy and Environmental Design Program, known as LEED. Today, several of their buildings in Snowmass are LEED certified. Moving forward, ASC’s proposed building standards include having all of the company’s new buildings be entirely electrified. It’s first 100% electric building, the Willits Center Workforce Housing, is set to open in spring 2021.

"Electric buildings powered by renewable energy are the best way society can decarbonize the built environment, which is a hugely important, but difficult task," says ASC’s VP of Sustainability Auden Schendler. “I love that SBV is going all-electric with this development. They’re modeling the future of climate solutions in a very high-profile place. But more important is that the people who buy these residences will be introduced to cutting edge technology.”

The electrification of buildings is not just a sustainability goal in Snowmass. Across the country and the world, there is a growing movement towards buildings powered by solar, wind and other sources of zero-carbon electricity. Around 30 cities and counties in the U.S. have already passed ordinances either strongly encouraging or mandating new construction be all-electric.

Barbara Platts
This email address is being protected from spambots. You need JavaScript enabled to view it.

DUBLIN--(BUSINESS WIRE)--The "Pakistan Midstream Oil and Gas Industry Outlook to 2025" report has been added to ResearchAndMarkets.com's offering.

Pakistan Midstream Oil and Gas Industry Outlook to 2025 - Market Outlook for Liquefied Natural Gas (LNG), Liquids Storage, Pipelines and Gas Processing is a comprehensive report on midstream oil and gas industry in Pakistan.

The report provides details such as name, type, operational status and operator for all active and planned (new build) LNG terminals, liquids storage terminals major trunk pipelines and gas processing plants in Pakistan till 2025. Further, the report also offers recent developments, financial deals as well as latest contracts awarded in the country's midstream sector, wherever available.

Scope

• Updated information related to all active, planned and announced LNG terminals, oil storage terminals, trunk pipelines and gas processing plants in the country, including operator and equity details
• Key mergers and acquisitions and asset transactions in the country's midstream oil and gas industry, where available
• Latest developments, financial deals and awarded contracts related to midstream oil and gas industry in the country, wherever available

Reasons to Buy

• Gain strong understanding of the country's midstream oil and gas industry
• Facilitate decision making on the basis of strong historical and outlook of capacity/length data
• Assess your competitor's major LNG terminals, oil storage terminals, trunk pipelines, and gas processing plants in the country
• Analyze the latest developments, financial deals landscape and awarded contracts related to the country's midstream oil and gas industry

Key Topics Covered:

1. Table of Contents

1.1. List of Tables

1.2. List of Figures

2. Introduction

2.1. What is This Report About?

2.2. Market Definition

3. Pakistan LNG Industry

3.1. Pakistan LNG Industry, Regasification

3.2. Pakistan LNG Industry, Regasification, Overview

3.3. Pakistan LNG Industry, Regasification Capacity by Major Companies

3.4. Pakistan LNG Industry, Regasification Capacity by Terminal

3.5. Pakistan LNG Industry, Regasification Asset Details

3.5.1. Pakistan LNG Industry, Regasification Active Asset Details

3.5.2. Pakistan LNG Industry, Regasification Planned Asset Details

4. Pakistan Oil Storage Industry

4.1. Pakistan Oil Storage Industry, Key Data

4.2. Pakistan Oil Storage Industry, Overview

4.3. Pakistan Oil Storage Industry, Storage Operations

4.3.1. Pakistan Oil Storage Industry, Total Storage Capacity

4.3.2. Pakistan Oil Storage Industry, Storage Capacity Share by Area

4.4. Pakistan Oil Storage Industry, Storage Capacity by Major Companies

4.5. Pakistan Oil Storage Industry, Storage Capacity by Terminal

4.6. Pakistan Oil Storage Industry, Asset Details

4.6.1. Pakistan Oil Storage Industry, Active Asset Details

4.6.2. Pakistan Oil Storage Industry, Planned Asset Details

5. Pakistan Oil and Gas Pipelines Industry

5.1. Pakistan Oil Pipelines

5.2. Pakistan Oil Pipelines, Overview

5.3. Pakistan Oil and Gas Pipelines Industry, Crude Oil Pipeline Length by Company

5.4. Pakistan Oil and Gas Pipelines Industry, Crude Oil Pipeline

5.5. Pakistan Oil and Gas Pipelines Industry, Petroleum Products Pipeline Length by Major Companies

5.6. Pakistan Oil and Gas Pipelines Industry, Petroleum Products Pipelines

5.7. Pakistan Oil and Gas Pipelines Industry, Oil Pipelines Asset Details

5.7.1. Pakistan Oil and Gas Pipelines Industry, Oil Pipelines Active Asset Details

5.7.2. Pakistan Oil and Gas Pipelines Industry, Oil Pipelines Planned Asset Details

5.8. Pakistan Gas Pipelines, Key Data

5.9. Pakistan Gas Pipelines, Overview

5.10. Pakistan Oil and Gas Pipelines Industry, Natural Gas Pipeline Length by Major Companies

5.11. Pakistan Oil and Gas Pipelines Industry, Natural Gas Pipelines

5.12. Pakistan Oil and Gas Pipelines Industry, Gas Pipelines Asset Details

5.12.1. Pakistan Oil and Gas Pipelines Industry, Gas Pipelines Active Asset Details

5.12.2. Pakistan Oil and Gas Pipelines Industry, Gas Pipelines Planned Asset Details

6. Pakistan Gas Processing Industry

6.1. Pakistan Gas Processing Industry, Key Data

6.2. Pakistan Gas Processing Industry, Overview

6.3. Pakistan Gas Processing Industry, Gas Processing Capacity by Major Companies

6.4. Pakistan Gas Processing Industry, Processing Plant Number by Facility Type

6.5. Pakistan Gas Processing Industry, Capacity Contribution of Various Provinces

6.6. Pakistan Gas Processing Industry, Active Gas Processing Capacity

6.7. Pakistan Gas Processing Industry, Planned Gas Processing Capacity

6.8. Pakistan Gas Processing Industry, Asset Details

6.8.1. Pakistan Gas Processing Industry, Active Asset Details

6.8.2. Pakistan Gas Processing Industry, Planned Asset Details

7. Recent Contracts

7.1. Detailed Contract Summary

7.1.1. Awarded Contracts

8. Financial Deals Landscape

8.1. Detailed Deal Summary

8.1.1. Acquisition

8.1.2. Acquisition

9. Recent Developments

9.1. Other Significant Developments

9.2. New Contracts Announcements

10. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/fu10qw

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

Also adds new flush, side-mount Digital Electronic Control (DEC) for Helm Master^® EX, Saltwater Series II™ HP propellers to product line

KENNESAW, Ga.--(BUSINESS WIRE)--Yamaha Marine kicks off 2021 with brand new product offerings including updated V6 Offshore outboards that combine new benefits with a reliable performance legacy. The new F250 and F300 V6 Offshore Digital Electronic Control (DEC) models boast built-in Digital Electric Steering (DES), Thrust Enhancing Reverse Exhaust (TERE) and other XTO Offshore^®-inspired features.

“The new, updated F300 and F250 4.2-liter V6 Offshore outboards now have many of the benefits previously only available on the XTO Offshore. Combining a high performance, big block V6 engine featuring outstanding power and fuel efficiency, Yamaha brings new levels of convenience and control to a proven performer,” said Ben Speciale, President, Yamaha U.S. Marine Business Unit. “The introduction of these outboards in addition to a new flush, side-mount DEC for Helm Master EX and Saltwater Series II HP propellers allows Yamaha to start the year with new innovative products that meet customer demand.”

New Yamaha V6 Offshore

The same smooth, fast and precise Digital Electric Steering (DES) introduced on the XTO Offshore is now built-in to F300 and F250 V6 variants. The latest boat steering technology provides smooth, fast steering and, unlike some conventional steering systems, draws battery amperage only when actively in use. DES is significantly easier to rig than conventional steering systems and creates an uncluttered bilge with no steering pumps, hoses, hydraulic lines or connections, no bleeding procedure, less complexity and straightforward serviceability. There’s also a bolt-on version of DES for conventional DEC models of the new V6 Offshore.

Thrust Enhancing Reverse Exhaust (TERE) keeps exhaust bubbles above the anti-ventilation plate and out of the propeller below 2500 rpm when in reverse. This means the prop bites only clean water, resulting in outstanding reverse thrust and control to back down on fish. It’s especially effective when combined with the fast precision of Digital Electric Steering and Helm Master EX Full Maneuverability, which is helpful around docks and confined spaces.

Yamaha’s exclusive TotalTilt™ function allows complete tilt up from any position with a simple double push of the “UP” trim/tilt button, or full tilt down (until trim ram contact) by the same double push of the “DOWN” trim/tilt button. There’s also a new built-in integrated tilt limiter to help prevent inadvertent damage. Plus, built-in DES models tilt higher out of the water than previous models, which helps lessen the potential for corrosion.

Even after a decade of proven performance, the new 4.2-liter V6 Offshore has an improved lower unit featuring new components and design features that add durability, further increasing consumer confidence. Capitalizing on many styling cues from its big brother, the XTO-like appearance in pearlescent white or signature Yamaha gray now feature a color-matched lower unit, a new one-piece top cowling with water-draining air duct molding, a new bottom cowling and apron shape and raised chrome graphics on built-in DES models only. The new Yamaha V6 Offshore models are available beginning in February.

Yamaha Flush, Side-Mount DEC for Helm Master EX

The new flush, side-mount DEC for the Helm Master EX system is designed to bring the benefits of Helm Master EX to a broader array of boats. Smooth, precise and easy to install, the control gives boat builders and dealers more flexibility when rigging luxury pontoons, premium dual consoles and other single engine craft where digital electronic control is desired. Customers, likewise, will enjoy its ergonomic design, useful features and comfortable operation. Yamaha’s flush, side-mount DEC for Helm Master EX is available beginning in March.

Yamaha Saltwater Series II HP Propellers

The “HP” version of Yamaha’s venerable Saltwater Series II propeller is crafted to maximize speed on certain lightweight V6 applications that are not surface piercing. Designed specifically for lighter weight boats using Yamaha’s 4.2-liter V6 Offshore and 4.2-liter V MAX SHO^® 25-inch X-shaft platform, the new Saltwater Series II HP provides potentially higher top speed in certain applications.

Featuring new blade geometry, the SWS II HP provides a potential speed advantage over the Saltwater Series II propeller in lighter-weight applications. All Saltwater Series II HP propellers feature Yamaha’s patented Shift Dampener System, SDS^®, for smooth, quiet operation and greatly reduced shift “clunk.” Yamaha’s new Saltwater Series II HP propellers will be available in 18-inch, 19-inch, 20-inch, and 21-inch pitches beginning in March. All model pitches feature availability in both right and left-hand rotation.

Yamaha Marine products are marketed throughout the United States and around the world. Yamaha Marine Engine Systems, based in Kennesaw, Ga., supports its 2,000 U.S. dealers and boat builders with marketing, training and parts for Yamaha’s full line of products and strives to be the industry leader in reliability, technology and customer service. Yamaha Marine is the only outboard brand to have earned NMMA^®’s C.S.I. Customer Satisfaction Index award every year since its inception. Visit www.yamahaoutboards.com.

REMEMBER to always observe all applicable boating laws. Never drink and drive. Dress properly with a USCG-approved personal floatation device and protective gear. This document contains many of Yamaha's valuable trademarks. It may also contain trademarks belonging to other companies. Any references to other companies or their products are for identification purposes only and are not intended to be an endorsement.

© 2021 Yamaha Motor Corporation, U.S.A. All rights reserved.

Melissa Boudoux
Manager, Communications
Yamaha U.S. Marine Engine Systems
Office: (770) 701-3269
Mobile: (404) 381-7593
This email address is being protected from spambots. You need JavaScript enabled to view it.

Neal Wheaton
Wilder+Wheaton for
Yamaha U.S Marine Engine Systems
Mobile: (404) 317-0698
This email address is being protected from spambots. You need JavaScript enabled to view it.

DUBLIN--(BUSINESS WIRE)--The "Augmented Reality in Oil and Gas - Thematic Research" report has been added to ResearchAndMarkets.com's offering.

This report assesses the adoption of the augmented reality technology in the oil and gas industry for simplifying some of the everyday tasks.

Augmented reality (AR) technology allows the user to see the real world overlaid with digital data. The adoption of AR in the oil and gas industry is in the introductory phase. AR can be integrated into various tasks being undertaken in the oil and gas industry. Oil and gas companies are increasingly collaborating with AR vendors, to develop customized tools. AR has the potential to become indispensable in oil and gas field activities due to its ability to deliver real-time information for taking prompt actions.

Scope

• It highlights various case studies of AR in oil and gas industry and its potential impact on oil and gas operations.
• It also discusses some of the prevailing trends relating to AR usage in the oil and gas industry.
• The report evaluates various of oil and gas companies which are adopting AR in their operations.

Reasons to Buy

• Impact of augmented reality in oil and gas industry
• Understand the key AR trends in the oil and gas industry
• Review of some of the case studies highlighting use of AR in oil and gas industry
• Identify and benchmark key oil and gas companies adopting AR

Key Topics Covered:

Executive Summary

• Impact on the oil and gas industry
• Case studies

Players

• Technology briefing

Trends

• Oil and gas trends
• Technology trends
• Media trends
• Macroeconomic trends
• Regulatory trends
• Industry analysis
• Market size and growth forecasts

Competitive analysis

• Mergers and acquisitions
• Timeline
• Use cases
• Value chain
• Semiconductors
• Components
• Devices
• Platforms
• Apps and content

Companies

• Oil and gas companies
• Technology companies

Glossary

For more information about this report visit https://www.researchandmarkets.com/r/hfden3

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

Energy prices and oil demand could drop to levels not seen since the late 1960’s

AUSTIN, Texas--(BUSINESS WIRE)--The E-Fuel Corporation, a Texas-based technology firm, has come up with a revolutionary way to repurpose the largest energy source on the planet ‘rejected energy,’ which experts have identified as a leading cause of climate change.

According to research conducted by the Lawrence Livermore National Laboratory and the US Department of Energy, rejected energy accounted for an astonishing 67.5 percent of the total energy consumed within the US in 2019.

To put this in simple terms, if you placed three gallons of fuel into your vehicle, only one gallon provides mechanical energy to rotate the wheels and the remaining two gallons are rejected through the radiator, tailpipe, and engine friction heat into the atmosphere. Even electric vehicles Reject Energy constantly during battery charge and discharge cycles which accelerates as the battery ages.

THE SOLUTION: E-Fuel Rejected Energy Reactor

Tragically, over the past 12 years, the annual rate of rejected energy has risen by 0.3 percent – which is substantially worse than other purported climate change data. But while we cannot simply stop using carbon-based fuels (because almost every commercial and industrial product depends on it), E-Fuel has found an aggressive innovative way to consume it that will begin cooling the planet quickly.

Although rejected energy represents the planet’s largest untapped energy source, it has been largely ignored – despite its vast potential – for the past 138 years. And this egregious oversight has damaged the earth’s ecosystems, posing an existential threat to countless animal species.

E-Fuel has been able to solve the 138-year-old problem by creating a small reactor containing both fuel and power production processes in one system so that the rejected energy can be repurposed. In simple terms, now 3 gallons are used when running at full efficiency to produce both fuel and electrical power, which reduces past fuel consumption and emissions by two-thirds.

Saving Energy… and the Planet

E-Fuel believes that this solution represents a viable means to substantially reduce energy poverty, while also reducing humanity’s carbon footprint. E-Fuel’s first Proprietary reactor shipments will focus on producing lower cost and lower carbon for power, ethanol, hydrogen, and kerosene jet fuel.

For more information and photos, please visit www.efuel100.com.

Thomas J. Quinn / Chairman & CEO
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: 408 210-4798

DUBLIN--(BUSINESS WIRE)--The "Australia Midstream Oil and Gas Industry Outlook to 2025" report has been added to ResearchAndMarkets.com's offering.

Australia Midstream Oil and Gas Industry Outlook to 2025 - Market Outlook for Liquefied Natural Gas (LNG), Liquids Storage, Pipelines, Underground Gas Storage and Gas Processing is a comprehensive report on midstream oil and gas industry in Australia.

The report provides details such as name, type, operational status and operator for all active and planned (new build) LNG terminals, liquids storage terminals major trunk pipelines, underground gas storage sites and gas processing plants in Australia till 2025. Further, the report also offers recent developments, financial deals as well as latest contracts in the country's midstream sector, wherever available.

Scope

• Updated information related to all active, planned and announced LNG terminals, oil storage terminals, trunk pipelines, underground gas storage and gas processing plants in the country, including operator and equity details
• Key mergers and acquisitions and asset transactions in the country's midstream oil and gas industry, where available
• Latest developments, financial deals and awarded contracts related to midstream oil and gas industry in the country, wherever available

Reasons to Buy

• Gain strong understanding of the country's midstream oil and gas industry
• Facilitate decision making on the basis of strong historical and outlook of capacity/length data
• Assess your competitor's major LNG terminals, oil storage terminals, trunk pipelines, underground gas storage sites and gas processing plants in the country
• Analyze the latest developments, financial deals landscape and awarded contracts related to the country's midstream oil and gas industry

Key Topics Covered:

1. Table of Contents

1.1. List of Tables

1.2. List of Figures

2. Introduction

2.1. What is This Report About?

2.2. Marker Definition

3. Australia LNG Industry

3.1. Australia LNG Industry, Liquefaction

3.1.1. Australia LNG Industry, Liquefaction, Key Data

3.2. Australia LNG Industry, Liquefaction, Overview

3.2.1. Australia LNG Industry, Total Liquefaction Capacity

3.3. Australia LNG Industry, Liquefaction Capacity by Major Companies

3.4. Australia LNG Industry, Liquefaction Capacity by Terminal

3.5. Australia LNG Industry, Liquefaction Asset Details

3.5.1. Australia LNG Industry, Liquefaction Active Asset Details

3.5.2. Australia LNG Industry, Liquefaction Planned Asset Details

4. Australia Oil Storage Industry

4.1. Australia Oil Storage Industry, Key Data

4.2. Australia Oil Storage Industry, Overview

4.3. Australia Oil Storage Industry, Storage Operations

4.3.1. Australia Oil Storage Industry, Total Storage Capacity

4.4. Australia Oil Storage Industry, Storage Capacity by Major Companies

4.5. Australia Oil Storage Industry, Storage Capacity Share by Area

4.6. Australia Oil Storage Industry, Storage Capacity by Terminal

4.7. Australia Oil Storage Industry, Asset Details

4.7.1. Australia Oil Storage Industry, Active Asset Details

4.7.2. Australia Oil Storage Industry, Planned Asset Details

5. Australia Oil and Gas Pipelines Industry

5.1. Australia Oil Pipelines

5.1.1. Australia Oil Pipelines, Key Data

5.2. Australia Oil Pipelines, Overview

5.3. Australia Oil and Gas Pipelines Industry, Crude Oil Pipeline Length by Major Companies

5.4. Australia Oil and Gas Pipelines Industry, Crude Oil Pipelines

5.5. Australia Oil and Gas Pipelines Industry, Petroleum Products Pipeline Length by Major Companies

5.6. Australia Oil and Gas Pipelines Industry, Petroleum Products Pipelines

5.7. Australia Oil and Gas Pipelines Industry, NGL Pipeline Length by Major Companies

5.8. Australia Oil and Gas Pipelines Industry, NGL Pipelines

5.9. Australia Oil and Gas Pipelines Industry, Oil Pipelines Asset Details

5.9.1. Australia Oil and Gas Pipelines Industry, Oil Pipelines Active Asset Details

5.9.2. Australia Oil and Gas Pipelines Industry, Oil Pipelines Planned Asset Details

5.10. Australia Gas Pipelines, Key Data

5.10.1. Australia Gas Pipelines, Overview

5.11. Australia Oil and Gas Pipelines Industry, Natural Gas Pipeline Length by Major Companies

5.12. Australia Oil and Gas Pipelines Industry, Natural Gas Pipelines

5.13. Australia Oil and Gas Pipelines Industry, Gas Pipelines Asset Details

5.13.1. Australia Oil and Gas Pipelines Industry, Gas Pipelines Active Asset Details

5.13.2. Australia Oil and Gas Pipelines Industry, Gas Pipelines Planned Asset Details

6. Australia Underground Gas Storage Industry

6.1. Australia Underground Gas Storage Industry, Key Data

6.2. Australia Underground Gas Storage Industry, Overview

6.3. Australia Underground Gas Storage Industry, Storage Capacity by Major Companies

6.4. Australia Underground Gas Storage Industry, Storage Capacity by Area

6.5. Australia Underground Gas Storage Industry, Storage Capacity by Site

6.5.1. Australia Underground Gas Storage Industry, Storage Capacity by Active Sites

6.5.2. Australia Underground Gas Storage Industry, Storage Capacity by Planned Sites

6.6. Australia Underground Gas Storage Industry, Asset Details

6.6.1. Australia Underground Gas Storage Industry, Active Asset Details

6.6.2. Australia Underground Gas Storage Industry, Planned Asset Details

7. Australia Gas Processing Industry

7.1. Australia Gas Processing Industry, Key Data

7.2. Australia Gas Processing Industry, Overview

7.3. Australia Gas Processing Industry, Gas Processing Capacity by Major Companies

7.4. Australia Gas Processing Industry, Processing Plant Number by Facility Type

7.5. Australia, Gas Processing Industry, Capacity Contribution of Various Provinces

7.6. Australia Gas Processing Industry, Active Gas Processing Capacity

7.7. Australia Gas Processing Industry, Planned Gas Processing Capacity

7.8. Australia Gas Processing Industry, Asset Details

7.8.1. Australia Gas Processing Industry, Active Asset Details

7.8.2. Australia Gas Processing Industry, Planned Asset Details

8. Recent Contracts

8.1. Detailed Contract Summary

8.1.1. Awarded Contracts

9. Financial Deal Landscape

9.1. Detailed Deal summary

9.1.1. Acquisition

9.1.2. Equity Offerings

9.1.3. Asset Transactions

10. Recent Developments

10.1. Other Significant Developments

10.2. New Contracts Announcements

11. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/qzfq09

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

New owners and management to focus on scale and expansion for industry-leading wastewater treatment solutions

DECATUR, Ala.--(BUSINESS WIRE)--Warminster Fiberglass, LLC, headquartered in Decatur, Ala. today announced the acquisition of Warminster Fiberglass, headquartered in Southampton, Pa., with offices and operations in Jacksonville, Texas and Southampton, Pa. The new owners, led by President Ty Batchelor, will build on the company’s long history of innovation and accelerate revenues through ongoing commitment to customer satisfaction.

“Ty and his team understand our technology, our market and our customers’ needs completely, and are intensely focused on moving the company into a new era of growth,” said John Roley, president of Warminster since 1986. “We are extremely pleased with his vision for the company and are proud to see him take the lead in this transition.”

Batchelor brings more than 20 years of experience in manufacturing and industrial services to Warminster, having focused on process improvement while working for Southern Energy Homes and Clayton Homes where he was operations manager and general manager, prior to serving as president and CFO of Alliance Source Testing. He also is the co-founder of Lantern Safety Kinetics, a leader in artificial intelligence and machine learning. Batchelor’s experience in lean manufacturing, customer service, financial analysis and technology will help position Warminster Fiberglass well for decades of industry leadership.

Warminster Fiberglass, whose customers include industrial facilities, water and wastewater treatment plants, was founded in 1958 to help its clients optimize and streamline their industrial processes. The company is known for its innovative engineering, having developed industry-leading technologies and techniques for producing fiberglass-reinforced consoles, panels and other products for industrial applications. Its experienced team of engineers gives its customers the flexibility they need from design concept to production, while on-site lab testing capabilities help its customers save time and money.

The company’s solutions include algae control launder covers, consoles, density current baffles, finger weirs, flumes, gates, metering manholes and odor control launder covers. Additional products include shelters, buildings, enclosures, troughs, weir plates and scum baffles.

“Warminster Fiberglass is a top brand in wastewater management, having earned the trust and respect of its customers through more than six decades of continued innovation to meet their evolving needs,” said Batchelor. “We see strong opportunities to grow the company by expanding its product portfolio, its geographic reach and its distribution and sales networks. We look forward to building on the strong technology foundation the company has established by setting a new standard for operational excellence.”

About Warminster Fiberglass

The Warminster Fiberglass Company offers quality fiberglass products for industrial and water treatment facilities. We collaborate with companies that want to enhance their processes and quality of services. We place great emphasis on understanding the needs of our clients and proposing solutions that meet their requirements and enable them to serve their clients better. Our products are versatile, flexible, lightweight and easy to use. With Warminster, 100% satisfaction and quality are guaranteed.

Holly Hallenbeck, 650-919-4204
This email address is being protected from spambots. You need JavaScript enabled to view it.

DUBLIN--(BUSINESS WIRE)--The "China Midstream Oil and Gas Industry Outlook to 2025" report has been added to ResearchAndMarkets.com's offering.

China Midstream Oil and Gas Industry Outlook to 2025 - Market Outlook for Liquefied Natural Gas (LNG), Liquids Storage, Pipelines, Underground Gas Storage and Gas Processing is a comprehensive report on midstream oil and gas industry in China.

The report provides details such as name, type, operational status and operator for all active and planned (new build) LNG terminals, liquids storage terminals major trunk pipelines, underground gas storage sites and gas processing plants in China till 2025. Further, the report also offers recent developments, financial deals as well as latest contracts awarded in the country's midstream sector, wherever available.

Scope

• Updated information related to all active, planned and announced LNG terminals, oil storage terminals, trunk pipelines, underground gas storage and gas processing plants in the country, including operator and equity details
• Key mergers and acquisitions and asset transactions in the country's midstream oil and gas industry, where available
• Latest developments, financial deals and awarded contracts related to midstream oil and gas industry in the country, wherever available

Reasons to Buy

• Gain strong understanding of the country's midstream oil and gas industry
• Facilitate decision making on the basis of strong historical and outlook of capacity/length data
• Assess your competitor's major LNG terminals, oil storage terminals, trunk pipelines, underground gas storage sites and gas processing plants in the country
• Analyze the latest developments, financial deals landscape and awarded contracts related to the country's midstream oil and gas industry

Key Topics Covered:

1. Table of Contents

1.1. List of Tables

1.2. List of Figures

2. Introduction

2.1. What is This Report About?

2.2. Market Definition

3. China LNG Industry

3.1. China LNG Industry, Regasification

3.1.1. China LNG Industry, Regasification, Key Data

3.2. China LNG Industry, Regasification, Overview

3.3. China LNG Industry, Total Regasification Capacity

3.4. China LNG Industry, Regasification Capacity by Major Companies

3.5. China LNG Industry, Regasification, Capacity by Terminal

3.6. China LNG Industry, Regasification Asset Details

3.6.1. China LNG Industry, Regasification Active Asset Details

3.6.2. China LNG Industry, Regasification Planned Asset Details

4. China Oil Storage Industry

4.1. China Oil Storage Industry, Key Data

4.2. China Oil Storage Industry, Overview

4.3. China Oil Storage Industry, Storage Operations

4.3.1. China Oil Storage Industry, Total Storage Capacity

4.4. China Oil Storage Industry, Storage Capacity by Major Companies

4.4.1. China Oil Storage Industry, Storage Capacity Share by Area

4.5. China Oil Storage Industry, Storage Capacity by Terminal

4.6. China Oil Storage Industry, Asset Details

4.6.1. China Oil Storage Industry, Active Asset Details

4.6.2. China Oil Storage Industry, Planned Asset Details 208

5. China Oil and Gas Pipelines Industry

5.1. China Oil Pipelines

5.1.1. China Oil Pipelines, Key Data

5.2. China Oil Pipelines, Overview

5.3. China Oil and Gas Pipelines Industry, Crude Oil Pipeline Length by Major Companies

5.4. China Oil and Gas Pipelines Industry, Crude Oil Pipelines

5.5. China Oil and Gas Pipelines Industry, Petroleum Products Pipeline Length by Company

5.6. China Pipeline Industry, Petroleum Products Pipelines

5.7. China Oil and Gas Pipelines Industry, Oil Pipelines Asset Details

5.7.1. China Oil and Gas Pipelines Industry, Oil Pipelines Active Asset Details

5.7.2. China Oil and Gas Pipelines Industry, Oil Pipelines Planned Asset Details

5.8. China Gas Pipelines, Key Data

5.8.1. China Gas Pipelines, Overview

5.9. China Oil and Gas Pipelines Industry, Natural Gas Pipeline Length by Major Companies

5.10. China Pipeline Industry, Natural Gas Pipelines

5.11. China Oil and Gas Pipelines Industry, Gas Pipelines Asset Details

5.11.1. China Oil and Gas Pipelines Industry, Gas Pipelines Active Asset Details

5.11.2. China Oil and Gas Pipelines Industry, Gas Pipelines Planned Asset Details

6. China Underground Gas Storage Industry

6.1. China Underground Gas Storage Industry, Key Data

6.2. China Underground Gas Storage Industry, Overview

6.3. China Underground Gas Storage Industry, Capacity by Company

6.4. China Underground Gas Storage Industry, Storage Capacity by Area

6.5. China Underground Gas Storage Industry, Storage Capacity by Site

6.5.1. China Underground Gas Storage Industry, Storage Capacity by Active Sites

6.5.2. China Underground Gas Storage Industry, Storage Capacity by Planned Sites

6.6. China Underground Gas Storage Industry, Asset Details

6.6.1. China Underground Gas Storage Industry, Active Asset Details

6.6.2. China Underground Gas Storage Industry, Planned Asset Details

7. China Gas Processing Industry

7.1. China Gas Processing Industry, Key Data

7.2. China Gas Processing Industry, Overview

7.3. China Gas Processing Industry, Gas Processing Capacity by Major Companies

7.4. China Gas Processing Industry, Processing Plant Number by Facility Type

7.5. China Gas Processing Industry, Capacity Contribution of Various Provinces

7.6. China Gas Processing Industry, Active Gas Processing Capacity

7.7. China Gas Processing Industry, Planned Gas Processing Capacity

7.8. China Gas Processing Industry, Asset Details

7.8.1. China Gas Processing Industry, Active Asset Details

7.8.2. China Gas Processing Industry, Planned Asset Details

8. Recent Contracts

8.1. Detailed Contract Summary

8.1.1. Awarded Contracts

9. Financial Deals Landscape

9.1. Detailed Deals Summary

9.1.1. Acquisition

9.1.2. Debt Offerings

9.1.3. Partnerships

10. Recent Developments

10.1. Other Significant Developments

10.2. New Contracts Announcements

11. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/sks3wg

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

IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) will release fourth quarter 2020 financial results on Tuesday, February 2, 2021. A press release will be issued via Business Wire and available at 6:30 a.m. CT at www.exxonmobil.com.

Darren Woods, chairman and chief executive officer, and Stephen Littleton, vice president of investor relations and secretary, will review the results during a live, listen-only conference call at 8:30 a.m. CT. The presentation can be accessed via webcast or by calling (888) 596-2592 (United States) or (786) 789-4790 (International). Please reference confirmation code 6784629 to join the call. An archive replay of the call and a copy of the presentation with accompanying supplemental financial data will be available at www.exxonmobil.com/ir.

ExxonMobil Media Relations
(972) 940-6007

DUBLIN--(BUSINESS WIRE)--The "Qatar Midstream Oil and Gas Industry Outlook to 2025" report has been added to ResearchAndMarkets.com's offering.

Qatar Midstream Oil and Gas Industry Outlook to 2025 - Market Outlook for Liquefied Natural Gas (LNG), Liquids Storage, Pipelines and Gas Processing is a comprehensive report on midstream oil and gas industry in Qatar.

The report also provides details such as name, type, operational status and operator for all active and planned (new build) LNG terminals, liquids storage terminals major trunk pipelines and gas processing plants in Qatar till 2025. Further, the report also offers recent developments, financial deals as well as latest awarded contracts in the country's midstream sector, wherever available.

Scope

• Updated information related to all active, planned and announced LNG terminals, oil storage terminals, major trunk pipelines and gas processing plants in the country, including operator and equity details
• Key mergers and acquisitions and asset transactions in the country's midstream oil and gas industry, where available
• Latest developments, financial deals and awarded contracts related to midstream oil and gas industry in the country, wherever available

Reasons to Buy

• Gain strong understanding of the country's midstream oil and gas industry
• Facilitate decision making on the basis of strong historical and outlook of capacity/length data
• Assess your competitor's major LNG terminals, oil storage terminals, major trunk pipelines and gas processing plants in the country
• Analyze the latest developments, financial deals and awarded contracts related to the country's midstream oil and gas industry

Key Topics Covered:

1. Table of Contents

1.1. List of Tables

1.2. List of Figures

2. Introduction

2.1. What is This Report About?

2.2. Market Definition

3. Qatar LNG Industry

3.1. Qatar LNG Industry, Liquefaction

3.1.1. Qatar LNG Industry, Liquefaction, Key Data

3.2. Qatar LNG Industry, Liquefaction, Overview

3.2.1. Qatar LNG Industry, Total Liquefaction Capacity

3.3. Qatar LNG Industry, Liquefaction Capacity by Major Companies

3.4. Qatar LNG Industry, Liquefaction Capacity by Terminal

3.5. Qatar LNG Industry, Liquefaction Asset Details

3.5.1. Qatar LNG Industry, Liquefaction Active Asset Details

4. Qatar Oil Storage Industry

4.1. Qatar Oil Storage Industry, Key Data

4.2. Qatar Oil Storage Industry, Overview

4.3. Qatar Oil Storage Industry, Storage Operations

4.3.1. Qatar Oil Storage Industry, Total Storage Capacity

4.4. Qatar Oil Storage Industry, Storage Capacity Share by Area

4.5. Qatar Oil Storage Industry, Storage Capacity by Company

4.6. Qatar Oil Storage Industry, Storage Capacity by Terminal

4.7. Qatar Oil Storage Industry, Asset Details

4.7.1. Qatar Oil Storage Industry, Active Asset Details

5. Qatar Oil and Gas Pipelines Industry

5.1. Qatar Oil Pipelines

5.1.1. Qatar Oil Pipelines, Key Data

5.2. Qatar Oil Pipelines, Overview

5.3. Qatar Oil and Gas Pipelines Industry, Crude Oil Pipeline Length by Company

5.4. Qatar Oil and Gas Pipelines Industry, Crude Oil Pipelines

5.5. Qatar Oil and Gas Pipelines Industry, Petroleum Products Pipeline Length by Company

5.6. Qatar Oil and Gas Pipelines Industry, Petroleum Products Pipelines

5.7. Qatar Oil and Gas Pipelines Industry, Oil Pipelines Asset Details

5.7.1. Qatar Oil and Gas Pipelines Industry, Oil Pipelines Active Asset Details

5.7.2. Qatar Oil and Gas Pipelines Industry, Oil Pipelines Planned Asset Details

5.8. Qatar Gas Pipelines, Key Data

5.8.1. Qatar Gas Pipelines, Overview

5.9. Qatar Oil and Gas Pipelines Industry, Natural Gas Pipeline Length by Major Companies

5.10. Qatar Oil and Gas Pipelines Industry, Natural Gas Pipelines

5.11. Qatar Oil and Gas Pipelines Industry, Gas Pipelines Asset Details

5.11.1. Qatar Oil and Gas Pipelines Industry, Gas Pipelines Active Asset Details

5.11.2. Qatar Oil and Gas Pipelines Industry, Gas Pipelines Planned Asset Details

6. Qatar Gas Processing Industry

6.1. Qatar Gas Processing Industry, Key Data

6.2. Qatar Gas Processing Industry, Overview

6.3. Qatar Gas Processing Industry, Gas Processing Capacity Major Companies

6.4. Qatar Gas Processing Industry, Processing Plant Number by Facility Type

6.5. Qatar Gas Processing Industry, Capacity Contribution of Various Provinces

6.6. Qatar Gas Processing Industry, Active Gas Processing Capacity

6.7. Qatar Gas Processing Industry, Planned Gas Processing Capacity

6.8. Qatar Gas Processing Industry, Asset Details

6.8.1. Qatar Gas Processing Industry, Active Asset Details

6.8.2. Qatar Gas Processing Industry, Planned Asset Details

7. Recent Contracts

7.1. Detailed Contracts Summary

7.1.1. Awarded Contracts

8. Financial Deal Landscape

8.1. Detailed Deal Summary

8.1.1. Merger

9. Recent Developments

9.1. Other Significant Developments

9.2. New Contracts Announcements

10. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/d7io8z

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

TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners LP (NYSE: NGL) (“NGL”), through its wholly owned subsidiaries NGL Energy Operating LLC and NGL Energy Finance Corp., today announced that they have priced a private offering of $2.05 billion in aggregate principal amount of senior secured notes due 2026 (the “Notes”) that is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). NGL expects to use the net proceeds of the offering, together with borrowings under a new $500.0 million asset-based revolving credit facility, to (i) repay all outstanding borrowings under and terminate NGL’s existing revolving credit facility, (ii) repay all outstanding borrowings under and terminate NGL’s $250.0 million term credit agreement and (iii) to pay fees and expenses in connection therewith. NGL expects the offering to close on February 4, 2021, subject to the satisfaction of customary closing conditions.

The Notes are being initially sold to investors at a price of 100% of their principal amount. Interest on the notes will accrue at a rate of 7.500% per annum and will be payable semiannually in arrears on February 1 and August 1 of each year, beginning on August 1, 2021. The maturity date of the notes is February 1, 2026.

The Notes have been offered and sold only to persons reasonably believed to be qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act, and to persons, other than U.S. persons, outside of the United States pursuant to Regulation S under the Securities Act.

The offer and sale of the Notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws. This press release shall not constitute an offer to sell or a solicitation of an offer to purchase the notes or any other securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

Forward-Looking Statements

This press release includes “forward-looking statements.” All statements other than statements of historical facts included or incorporated herein may constitute forward-looking statements. Actual results could vary significantly from those expressed or implied in such statements and are subject to a number of risks and uncertainties. While NGL believes such forward-looking statements are reasonable, NGL cannot assure they will prove to be correct. The forward-looking statements involve risks and uncertainties that affect operations, financial performance, and other factors as discussed in filings with the Securities and Exchange Commission. Other factors that could impact any forward-looking statements are those risks described in NGL’s annual report on Form 10-K, quarterly reports on Form 10-Q, and other public filings. You are urged to carefully review and consider the cautionary statements and other disclosures made in those filings, specifically those under the heading “Risk Factors.” NGL undertakes no obligation to publicly update or revise any forward-looking statements except as required by law.

About NGL Energy Partners LP

NGL Energy Partners LP, a Delaware limited partnership, is a diversified midstream energy company that transports, stores, markets and provides other logistics services for crude oil, natural gas liquids and other products and transports, treats and disposes of produced water generated as part of the oil and natural gas production process.

NGL Energy Partners LP

Trey Karlovich, 918.481.1119
Executive Vice President and Chief Financial Officer
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or
Linda Bridges, 918.481.1119
Senior Vice President – Finance and Treasurer
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New Portfolio Companies Include Women-Owned, Black-Owned, and Veteran-Owned Businesses

NEW YORK--(BUSINESS WIRE)--Citi announced today its next round of investments through the Citi Impact Fund, a $200 million fund launched last year to invest in companies that are addressing some of the biggest societal challenges. The new companies included in this round are Clerkie, KETOS, MedHaul, Perch, Shift, Superpedestrian, and Vyv. They join four portfolio companies previously announced in September 2020: Fulcrum BioEnergy, ICON, PadSplit, and The Mom Project.

“In just its first year, the Citi Impact Fund has invested in 11 companies, the majority of which are founded by women, minorities – and in some cases both – that have the potential to make our cities and communities more equitable and sustainable,” said Ed Skyler, Head of Global Public Affairs at Citi. “The economic and social challenges of the COVID-19 crisis have increased the urgency for new ways of working, and we’re focused on building on these investments to identify new partners this year.”

The Citi Impact Fund, the largest of its kind created by a bank using its own capital, is focused on companies that are addressing five societal challenges:

• Workforce Development – training and connecting people to careers.
• Financial Capability – increasing access to the financial system.
• Physical & Social Infrastructure – improving an individual’s way of life through housing, healthcare and transportation.
• Sustainability – addressing issues related to energy, water and sustainable production.
• Access To Capital & Economic Opportunity – addressing disparities in access to capital and economic opportunity through investments in companies founded by women and minorities.

Investments focus on companies that have demonstrated proof of concept, built an existing customer base and exhibited the potential for scale in multiple markets. A portion of the fund is designated exclusively for earlier-stage seed investments in businesses led or owned by women and minorities. Of the 11 initial investments, the fund has invested in three Black entrepreneurs, one of whom is also female, three other female entrepreneurs and a veteran entrepreneur.

“The Citi Impact Fund is broadening access to capital for founders like me,” said Erica Plybeah, Founder and CEO of MedHaul, a ride-booking platform for non-emergency medical rides, helping often overlooked populations access quality transportation. “MedHaul is the first company receiving earlier-stage seed investment from the fund, and we’re extremely excited to partner with Citi as we scale our company to support more people in need of quality, dependable medical transportation.”

“Citi has distinguished itself as both an employer and supporter of veterans, service members and their families across the US,” said Mike Slagh, CEO of Shift, a veteran-led talent development company. “This Citi Impact Fund investment will help further our mission in helping veterans successfully transition out of the military and thrive in successful civilian careers.”

Clerkie, is a Black-founded AI company based in San Francisco. Their proprietary financial automation platform streamlines the relationship between creditors and their consumers, and it is purpose-built to help over 100 million Americans ease their debt burden. After years of product testing and validation, Clerkie has helped thousands of borrowers get out of debt and build credit by negotiating up to 70% off users’ debt. It’s quickly grown to become a go-to tool for creditors to manage their loan losses and the financial platform combines expert financial advice with one-click automation that makes it easy for users to take action.

KETOS, Inc. (“KETOS”) is a Milpitas, California based and female-led company that delivers integrated, cloud-based, IoT solutions for actionable water intelligence. KETOS serves an array of industrial and agricultural enterprises, commercial businesses, institutions, cities, and utilities, empowering them to make smarter decisions through real-time water intelligence and predictive analytics. Its innovative, patented hardware, machine learning algorithms, and Smart Water Intelligence Platform deliver the predictive and actionable insights needed to optimize water usage, ensure resource sustainability, and provide water safety assurance.

MedHaul, a Black and female-founded company based in Memphis, operates an end-to-end platform that helps healthcare providers (e.g. hospitals, physician groups) find and book safe, skilled, and personalized non-emergency medical transportation (NEMT) for people with special needs. Every year, nearly 4 million Americans with chronic conditions miss their medical appointments due to transportation issues. Particularly for low-income and/or older patients with diabetes, asthma, and arthritis, this can mean the difference between managing chronic conditions at home and ending up in the emergency room. The cost of missed appointments and ambulance abuse costs the healthcare system about $200 billion per year. MedHaul provides a cloud-based, mobile-optimized marketplace that automates the transit management process and links healthcare providers with specialized transportation services.

Perch is a Black-founded Los Angeles based company designed to empower unbanked and underbanked young adults with tools to properly manage their credit. Perch has designed a platform that helps young adults learn sustainable credit habits and build credit without having to go into debt or increase expenses. Using the Perch platform, users are able to report recurring monthly payments (such as rent payments and subscription services) to US Credit bureaus and begin to build a credit profile.

Shift.org, Inc. (“Shift”) is a San Francisco based and veteran-led career advancement company where current and former members of the US Military discover careers, acquire and demonstrate new skills, and embark upon new job experiences at the best companies in the world. Shift’s talent acquisition services provide corporate partners with a talent pipeline of diverse, non-traditional, experienced and prepared candidates.

Superpedestrian is a transportation robotics firm that develops the technology inside the LINK Scooter, the safest, most reliable lightweight electric vehicle in the world. Based in Cambridge, Massachusetts, Superpedestrian was spun out of the MIT Department of Urban Studies and Planning in 2013 with the mission of developing safe and reliable lightweight electric vehicles (LEVs). Superpedestrian’s first endeavor was to engineer a system to manage micro-vehicle safety and performance. This effort culminated in a patented Vehicle Intelligence System (VIS), a collection of sensors, firmware, and onboard diagnostic technology that monitors the mechanical and electrical status of an entire vehicle in real time, and autonomously resolves a majority of potential issues. For Superpedestrian and its LINK Scooter service, the results have demonstrated that VIS leads to best-in-class reliability, safety and operational efficiencies.

Vyv (formerly known as “Vital Vio”) is a New York-based and female founded health tech company that has created a new kind of cleaning protection. Vyv, formerly Vital Vio, offers proprietary continuous-use, non-UV antimicrobial light technology for homes, public places, and industry. Unlike hazardous UV light, Vyv meets international standards for continual and unrestricted use around people, animals, and plants. Today, Vyv delivers a unique approach to cleaning continuously. Vyv LED light creates environments inhospitable to the growth of bacteria, fungi, yeast, mold and mildew. As overhead lighting, Vyv can be found in food manufacturing and services, healthcare facilities, travel and hospitality, retail, commercial and public buildings and many other places. Vyv technology is also embedded into commercial and consumer products and applications – shower lights that stop mold growth, behind cleaner elevator buttons and in many other diverse and creative ways.

The fund is a component of Global Public Affairs’ Community Investing and Development team, which aims to enhance positive social impact and financial innovations that benefit underserved communities around the world. This includes the work of Citi Inclusive Finance and the Citi Impact Fund in addition to the philanthropic work conducted by the Citi Foundation. Through equity investing, lending and grant making, Citi and the Citi Foundation are working in new ways to effect positive and meaningful change in the communities around the world.

To learn more about the Citi Impact Fund, visit https://www.citigroup.com/citi/about/citizenship/citi-impact-fund.html. For more information on how Citi is enabling progress and sustainable growth in communities around the globe, view Citi’s Environmental, Social and Governance (ESG) Report at https://www.citigroup.com/citi/about/citizenship/.

Citi

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi.

Media Contact
Elizabeth Kelly
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212-559-2477

DUBLIN--(BUSINESS WIRE)--The "Kuwait Midstream Oil and Gas Industry Outlook to 2025" report has been added to ResearchAndMarkets.com's offering.

Summary

Kuwait Midstream Oil and Gas Industry Outlook to 2025 - Market Outlook for Liquefied Natural Gas (LNG), Liquids Storage, Pipelines and Gas Processing is a comprehensive report on midstream oil and gas industry in Kuwait. The report provides details such as name, type, operational status and operator for all active and planned (new build) LNG terminals, liquids storage terminals major trunk pipelines and gas processing plants in Kuwait till 2025. Further, the report also offers recent developments and latest awarded contracts in the country's midstream sector, wherever available.

Scope

• Updated information related to all active, planned and announced LNG terminals, oil storage terminals, major trunk pipelines and gas processing plants in the country, including operator and equity details
• Key mergers and acquisitions and asset transactions in the country's midstream oil and gas industry, where available
• Latest developments, financial deals and awarded contracts related to midstream oil and gas industry in the country, wherever available

Reasons to Buy

• Gain strong understanding of the country's midstream oil and gas industry
• Facilitate decision making on the basis of strong historical and outlook of capacity/length data
• Assess your competitor's major LNG terminals, oil storage terminals, major trunk pipelines and gas processing plants in the country
• Analyze the latest developments and awarded contracts related to the country's midstream oil and gas industry

Key Topics Covered:

1. Table of Contents

1.1. List of Tables

1.2. List of Figures

2. Introduction

2.1. What is This Report About?

2.2. Market Definition

3. Kuwait LNG Industry

3.1. Kuwait LNG Industry, Regasification

3.1.1. Kuwait LNG Industry, Regasification, Key Data

3.2. Kuwait LNG Industry, Regasification, Overview

3.2.1. Kuwait LNG Industry, Total Regasification Capacity

3.3. Kuwait LNG Industry, Regasification Capacity by Company

3.4. Kuwait LNG Industry, Regasification Capacity by Terminal

3.5. Kuwait LNG Industry, Regasification Asset Details

3.5.1. Kuwait LNG Industry, Regasification Active Asset Details

3.5.2. Kuwait LNG Industry, Regasification Planned Asset Details

4. Kuwait Oil Storage Industry

4.1. Kuwait Oil Storage Industry, Key Data

4.2. Kuwait Oil Storage Industry, Overview

4.3. Kuwait Oil Storage Industry, Storage Operations

4.3.1. Kuwait Oil Storage Industry, Total Storage Capacity

4.4. Kuwait Oil Storage Industry, Storage Capacity Share by Area

4.5. Kuwait Oil Storage Industry, Storage Capacity by Company

4.6. Kuwait Oil Storage Industry, Storage Capacity by Terminal

4.7. Kuwait Oil Storage Industry, Asset Details

4.7.1. Kuwait Oil Storage Industry, Active Asset Details

5. Kuwait Oil and Gas Pipelines Industry

5.1. Kuwait Oil Pipelines

5.1.1. Kuwait Oil Pipelines, Key Data

5.2. Kuwait Oil Pipelines, Overview

5.3. Kuwait Oil and Gas Pipelines Industry, Crude Oil Pipeline Length by Company

5.4. Kuwait Oil and Gas Pipelines Industry, Crude Oil Pipelines

5.5. Kuwait Oil and Gas Pipelines Industry, Petroleum Products Pipeline Length by Company

5.6. Kuwait Oil and Gas Pipelines Industry, Petroleum Products Pipelines

5.7. Kuwait Oil and Gas Pipelines Industry, Oil Pipelines Asset Details

5.7.1. Kuwait Oil and Gas Pipelines Industry, Oil Pipelines Active Asset Details

5.7.2. Kuwait Oil and Gas Pipelines Industry, Oil Pipelines Planned Asset Details

5.8. Kuwait Gas Pipelines

5.8.1. Kuwait Gas Pipelines, Key Data

5.9. Kuwait Gas Pipelines, Overview

5.10. Kuwait Oil and Gas Pipelines Industry, Natural Gas Pipeline Length by Company

5.11. Kuwait Oil and Gas Pipelines Industry, Natural Gas Pipelines

5.12. Kuwait Oil and Gas Pipelines Industry, Gas Pipelines Asset Details

5.12.1. Kuwait Oil and Gas Pipelines Industry, Gas Pipelines Active Asset Details

6. Kuwait Gas Processing Industry

6.1. Kuwait Gas Processing Industry, Key Data

6.2. Kuwait Gas Processing Industry, Overview

6.3. Kuwait Gas Processing Industry, Gas Processing Capacity by Company

6.4. Kuwait Gas Processing Industry, Capacity Contribution of Various Provinces

6.5. Kuwait Gas Processing Industry, Active Gas Processing Capacity

6.6. Kuwait Gas Processing Industry, Planned Gas Processing Capacity

6.7. Kuwait Gas Processing Industry, Asset Details

6.7.1. Kuwait Gas Processing Industry, Active Asset Details

6.7.2. Kuwait Gas Processing Industry, Planned Asset Details

7. Recent Contracts

7.1. Detailed Contracts Summary

7.1.1. Awarded Contracts

8. Recent Developments

8.1. New Contracts Announcements

9. Appendix

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