Galán speaks with IHS Markit Vice Chairman Daniel Yergin for the latest CERAWeek Conversations – available at www.ceraweek.com/conversations
WASHINGTON--(BUSINESS WIRE)--In the latest edition of CERAWeek Conversations, Ignacio S. Galán, chairman and CEO of Iberdrola—the world’s number one producer of wind power—says he is “more than delighted” with the growing competition in the renewable energy space from traditional oil and gas players and that the opportunities to electrify economies means that “there is room for everybody.”
In a conversation with Daniel Yergin, vice chairman, IHS Markit (NYSE: INFO), Galán discusses Iberdrola’s pioneering role in wind technology, despite skepticism from regulators, investors and competitors; innovative approaches to the energy transition; the multifunctional applications of green hydrogen across industries; and Iberdrola’s $30 billion investment plans in the United States, which he calls a “core country” of the company.’
The complete video is available at: www.ceraweek.com/conversations
Selected excerpts:
Interview Recorded Wednesday, November 18, 2020
(Edited slightly for brevity only)
Watch the complete video at: www.ceraweek.com/conversations
About CERAWeek Conversations:
CERAWeek Conversations features original interviews and discussion with energy industry leaders, government officials and policymakers, leaders from the technology, financial and industrial communities—and energy technology innovators.
The series is produced by the team responsible for the world’s preeminent energy conference, CERAWeek by IHS Markit.
New installments will be added weekly at www.ceraweek.com/conversations.
Recent segments also include:
A complete video library is available at www.ceraweek.com/conversations.
About IHS Markit (www.ihsmarkit.com)
IHS Markit (NYSE: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.
IHS Markit is a registered trademark of IHS Markit Ltd. and/or its affiliates. All other company and product names may be trademarks of their respective owners © 2020 IHS Markit Ltd. All rights reserved.
Jeff Marn
IHS Markit
+1 202 463 8213
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NEW YORK--(BUSINESS WIRE)--#dividend--The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on December 30, 2020, to holders of record at the close of business on December 15, 2020.
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.
For Hess Corporation
Investor Contact:
Jay Wilson
(212) 536-8940
Media Contact:
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(212) 536-8250
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DUBLIN--(BUSINESS WIRE)--The "Worldwide Adhesives in the Wind Energy Industry Competitive Analysis and Leadership Study" report has been added to ResearchAndMarkets.com's offering.
The adhesives in the wind energy industry manufacture landscape is diverse and continually evolving. Major players in adhesives in the wind energy industry market have diversified product portfolios, strong geographical reach, and have made several strategic initiatives.
The dynamics of the adhesives in the wind energy industry market extends beyond routine macro-economic elements of supply and demand. It is the relationship between buyer's needs and seller's capabilities as well as the macroeconomic forces at work that affect the market. It is how well and how efficiently the sellers meet the needs of the buyers that determine long-term success.
Over the years, the level of demand for adhesives in the wind energy industry has increased due to significant installation of wind turbines with increasing prevalence of modular blades. Different types of adhesives are used in wind energy such as epoxy adhesives, polyurethane adhesives, and other adhesives and is forecast to grow at a CAGR of 4%. The major growth drivers for this market are the growth of new wind turbine installations and the increasing use of modular wind blades.
This report also offers a full competitive analysis from target markets to product mapping, from selling strategies to production capabilities. In this research study, six companies such as Henkel, 3M, Gurit, Momentive, Dow, and Aditya Birla were analyzed and profiled because they are the top revenue producers for adhesives in the wind energy industry.
The six profiled manufacturers are grouped in the quadrant. The leadership quadrant analyzes the relative strength among these players. The leadership quadrant addresses the need in the market for manufacturer evaluation based on objective data and metrics.
Key Topics Covered:
1. Leadership Analysis
1.1: Market Description
1.2: Scoring Criteria
1.3: Leadership Quadrant Analysis
1.3.1: Leaders (Top Right)
1.3.2: Contenders (Bottom Right)
1.3.3: Visionaries (Top Left)
1.3.4: Specialists (Lower Left)
2. Competitive Benchmarking
2.1: Product Portfolio Analysis
2.2: Financial Strength
2.3: Market Share Analysis
2.3.1: Market Share in Various Segments
2.3.2: Market Share in Various Regions
3. Henkel Profile
3.1: Company Overview
3.1.1: Henkel Company Description and Business Segments
3.1.2: Henkel Company Statistics
3.2: Adhesives in the Wind Energy Industry Business Overview
3.2.1: Adhesives in the Wind Energy Industry Business Segment
3.2.2: Global Adhesives in the Wind Energy Industry Operations
3.2.3: Key Differentiators and Strengths
3.3: Products and Product Positioning
3.3.1: Product Line Overview
3.3.2: Adhesives in the Wind Energy Industry Product Mapping
3.3.3: Product Positioning in Market Segments
3.4: Markets and Market Positioning
3.4.1: Market Position in Global Adhesives in the Wind Energy Industry Business
3.5: Revenue Breakdown by Market Segments
3.6: Revenue Breakdown by Regions
3.7: Production
3.7.1: Global Manufacturing Operations
3.8: Innovation and Market Leadership
3.9: Marketing, Sales, and Organizational Capabilities
3.9.1: Marketing and Sales
3.9.2: Management Commitment and Track Record
3.10: Financial Strength
4. 3M Profile
5. Gurit Profile
6. Momentive Profile
7. Dow, Profile
8. Aditya Birla Profile
For more information about this report visit https://www.researchandmarkets.com/r/vrljnq
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or “the Company”) today announced the publication of its 2020 Sustainability Report, detailing the Company’s dedication and focus on environmental, social and governance (ESG) programs. The report highlights enhanced disclosures on air emissions, health and safety metrics, diversity and inclusion initiatives, community engagement, board governance and additional detail on the steps Pioneer will take to integrate the assets from the pending acquisition of Parsley Energy into alignment with the Company’s announced goals and targets. Pioneer’s 2020 Sustainability Report is available at www.pxd.com/sustainability.
Highlights from Pioneer’s 2020 Sustainability Report include:
President and CEO Scott D. Sheffield stated, “Pioneer continues to make our comprehensive ESG and HSE strategies a top priority. With this report, we are pleased to announce the improvements we have made over the past year as well as additional environmental targets, including the adoption of greenhouse gas and methane emission reduction targets, continuing our leadership through minimizing flaring and progressing projects that reduce our freshwater usage. Our pending acquisition of Parsley combines similar values with a shared commitment to environmental stewardship. Pioneer has a bright future supplying low-cost energy to the world while adhering to the highest ESG standards.”
Chairman of the Board, J. Kenneth Thompson, stated, “The Board’s engagement in ESG and climate-related concerns is a top priority. We are increasing the weighting of these metrics in executive incentive compensation from 10% to 20% beginning in 2021 and continue to enhance Board governance on ESG and HSE initiatives to ensure Pioneer’s leadership position continues into the future. While Board engagement is important, execution on the ground is critical to achieving our goals outlined in this report. The high standards in which our employees perform their work translates into a focus on safety, a commitment to environmental excellence and a culture that promotes strong social values.”
Additional information on Pioneer’s strategy and performance on ESG and HSE initiatives can be found in the report accessible on the Company’s website listed above. The Company announced its plan to implement the principles of the TCFD in its sustainability reporting. This year’s report references the following reporting standards, terminology and performance metrics: TCFD, Global Reporting Initiative (GRI), International Petroleum Industry Environmental Conservation Association (IPIECA), Carbon Disclosure Standards Board (CDSB), Sustainability Accounting Standards Board (SASB) for oil and gas exploration and production standards and the United Nations Sustainable Development Goals (SDGs).
Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer’s website at www.pxd.com.
Additional Information and Where to Find It
This communication may be deemed to be solicitation material in respect of the proposed transaction between Pioneer Natural Resources Company (“Pioneer”) and Parsley Energy, Inc. (“Parsley”). The proposed transaction will be submitted to Pioneer’s stockholders and Parsley’s stockholders for their consideration. Pioneer and Parsley have filed a joint proxy statement/prospectus (the “Joint Proxy Statement/Prospectus”) with the Securities and Exchange Commission (the “SEC”) in connection with the solicitation of proxies by Pioneer and Parsley in connection with the proposed transaction. Pioneer has filed a registration statement on Form S-4 (the “Form S-4”) with the SEC, in which the Joint Proxy Statement/Prospectus was included. The information in the Form S-4 is not complete and may be changed. Pioneer and Parsley also intend to file other relevant documents with the SEC regarding the proposed transaction. After the Form S-4 is declared effective by the SEC, the definitive Joint Proxy Statement/Prospectus will be mailed to Pioneer’s stockholders and Parsley’s stockholders. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION WITH RESPECT TO THE PROPOSED TRANSACTION, INVESTORS AND STOCKHOLDERS OF PIONEER AND INVESTORS AND STOCKHOLDERS OF PARSLEY ARE URGED TO READ THE DEFINITIVE JOINT PROXY STATEMENT/PROSPECTUS REGARDING THE PROPOSED TRANSACTION (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND OTHER RELEVANT MATERIALS CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY DO AND WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.
The Joint Proxy Statement/Prospectus, any amendments or supplements thereto and other relevant materials, and any other documents filed by Pioneer or Parsley with the SEC, may be obtained once such documents are filed with the SEC free of charge at the SEC’s website at www.sec.gov or free of charge from Pioneer at www.pxd.com or by directing a request to Pioneer’s Investor Relations Department at This email address is being protected from spambots. You need JavaScript enabled to view it. or free of charge from Parsley at www.parsleyenergy.com or by directing a request to Parsley’s Investor Relations Department at This email address is being protected from spambots. You need JavaScript enabled to view it..
No Offer or Solicitation
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act.
Participants in the Solicitation
Pioneer, Parsley and certain of their respective executive officers, directors, other members of management and employees may, under the rules of the SEC, be deemed to be “participants” in the solicitation of proxies in connection with the proposed transaction. Information regarding Pioneer’s directors and executive officers is available in its Proxy Statement on Schedule 14A for its 2020 Annual Meeting of Stockholders, filed with the SEC on April 9, 2020 and in its Annual Report on Form 10-K for the year ended December 31, 2019, filed with the SEC on February 24, 2020. Information regarding Parsley’s directors and executive officers is available in its Proxy Statement on Schedule 14A for its 2020 Annual Meeting of Stockholders, filed with the SEC on April 6, 2020 and in its Annual Report on Form 10-K for the year ended December 31, 2019, filed with the SEC on February 21, 2020. These documents may be obtained free of charge from the sources indicated above. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, is and will be contained in the Form S-4, the Joint Proxy Statement/Prospectus and other relevant materials relating to the proposed transaction to be filed with the SEC. Stockholders and other investors should read the Joint Proxy Statement/Prospectus carefully before making any voting or investment decisions.
Cautionary Statement Regarding Forward-Looking Information
Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements and the business prospects of Pioneer are subject to a number of risks and uncertainties that may cause Pioneer’s actual results in future periods to differ materially from the forward-looking statements. These risks and uncertainties include, among other things, volatility of commodity prices, product supply and demand; the impact of a widespread outbreak of an illness, such as the COVID-19 pandemic, on global and U.S. economic activity; competition; the ability to obtain environmental and other permits and the timing thereof; other government regulation or action; the ability to obtain approvals from third parties and negotiate agreements with third parties on mutually acceptable terms; litigation; the costs and results of drilling and operations; availability of equipment, services, resources and personnel required to perform the Company’s drilling and operating activities; access to and availability of transportation, processing, fractionation, refining, storage and export facilities; Pioneer's ability to replace reserves; implement its business plans or complete its development activities as scheduled; access to and cost of capital; the financial strength of counterparties to Pioneer's credit facility, investment instruments and derivative contracts and purchasers of Pioneer's oil, natural gas liquids and gas production; uncertainties about estimates of reserves and resource potential; identification of drilling locations and the ability to add proved reserves in the future; the assumptions underlying forecasts, including forecasts of production, cash flow, well costs, capital expenditures, rates of return, expenses, and cash flow from purchases and sales of oil and gas, net of firm transportation commitments; sources of funding; tax rates; quality of technical data; environmental and weather risks, including the possible impacts of climate change; cybersecurity risks; ability to implement stock repurchases; the risks associated with the ownership and operation of the Company's oilfield services businesses and acts of war or terrorism. These and other risks are described in Pioneer's Annual Report on Form 10-K for the year ended December 31, 2019, Quarterly Reports on Form 10-Q filed thereafter and other filings with the United States Securities and Exchange Commission. In addition, the Company may be subject to currently unforeseen risks that may have a materially adverse effect on it.
Additionally, the information in this news release contains forward-looking statements related to the recently announced merger transaction between the Company and Parsley. Such forward-looking statements are subject to risks and uncertainties that are difficult to predict and, in many cases, beyond the Company's control. These risks and uncertainties include, among other things, the risk that the businesses of Pioneer and Parsley will not be integrated successfully; the cost savings, synergies and growth from the proposed transaction may not be fully realized or may take longer to realize than expected; management time may be diverted on transaction-related issues; the potential adverse effect of future regulatory or legislative actions on Pioneer and Parsley or the industries in which they operate, including the risk of new restrictions with respect to development activities on Pioneer's or Parsley's assets; the credit ratings of the combined company or its subsidiaries may be different from what Pioneer expects; Pioneer or Parsley may be unable to obtain governmental and regulatory approvals required for the proposed transaction, or that required governmental and regulatory approvals may delay the proposed transaction or result in the imposition of conditions that could reduce the anticipated benefits from the proposed transaction or cause the parties to abandon the proposed transaction; a condition to closing of the proposed transaction may not be satisfied; the length of time necessary to consummate the proposed transaction may be longer than anticipated for various reasons; potential liability resulting from pending or future litigation related to the proposed transaction; the potential impact of the announcement or consummation of the proposed transaction on relationships with customers, suppliers, and competitors; and transaction costs may be higher than anticipated.
Accordingly, no assurances can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Pioneer undertakes no duty to publicly update these statements except as required by law.
Pioneer Natural Resources Company Contacts:
Investors
Neal Shah - 972-969-3900
Tom Fitter - 972-969-1821
Michael McNamara - 972-969-3592
Greg Wright – 972-969-1770
Media and Public Affairs
Tadd Owens - 972-969-5760
Christina Voss – 972-969-5706
DUBLIN--(BUSINESS WIRE)--The "North America Geosteering Technology Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product, Measurement-While-Drilling, Rotary Steerable Systems, Drive Systems, and Others and Application" report has been added to ResearchAndMarkets.com's offering.
Logging While Drilling (LWD) Segment to Dominate North America Geosteering Technology Market during 2019-2027
North America Geosteering Technology Market is expected to reach US$8,597.20 million by 2027 from US$4,988.03 million in 2019. The market is estimated to grow at a CAGR of 11.0% from 2020 to 2027.
The report provides trends prevailing in the North America geosteering technology market along with the drivers and restraints pertaining to the market growth. Rising demand for precise real-time information to achieve highest production and growing production of shale and resulting hike in horizontal and unconventional drilling are the major factor driving the growth of the North America geosteering technology market. However, high materials and manufacturing process cost hinder the growth of North America geosteering technology market.
In the case of COVID-19, the North America especially the US region witnessed an unprecedented rise in number of COVID cases which disrupted its manufacturing activities across several industry vertical including oil & gas sector and subsequently impacted the demand for geosteering technologies during the early months of 2020. Moreover, the considerable decline in overall global oil prices further restricted the oil drilling and other activities that negatively influenced the demand for geosteering services among its considerably large end-user base.
Similar trend was also witnessed in other North American countries i.e., Canada and Mexico. However, the countries are expected to overcome the swift drop in demand as the countries continue to open their economic activities especially in the latter half of 2020 for revival of business activities in various industry verticals. The coronavirus outbreak's impact is anticipated to be quite severe in the year 2020 and likely in 2021. Hence, the ongoing COVID-19 crisis and critical situation will impact the geosteering technology market growth of the North America region for the next few quarters.
The North America geosteering technology market is segmented in terms of product, application, and country. Based on the product, the market is segmented into logging while drilling (LWD), measurement-while-drilling (MWD), rotary steerable systems (RSS), drive systems, and others.
Logging while drilling (LWD) segment held the largest market share in 2019. Measurement-while-drilling (MWD) segment is expected to be fastest growing during forecast period. Based on the application, the market is segmented into petroleum development, natural gas transportation, and others. The petroleum development segment held the largest share of market in 2019 and is expected to be fastest growing segment during forecast period.
Cougar Drilling Solution Inc.; Emerson Paradigm Holding LLC; Exlog; Geonaft; Geotech Logging Services LLC; Halliburton Energy Services, Inc.; HMG Software LLC; ROGII Inc.; Schlumberger Limited; Terracosm Software, LLC are among the leading companies in the North America geosteering technology market.
The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
For instance, in 2020, Emerson Paradigm Holding LLC released Paradigm 19 software suits for all its all E&P software domains which will save cost, increase workflow efficiency, and educed uncertainty. The software suite is available for cloud as well as on premise platform.
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. North America Geosteering Technology Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Geosteering Technology Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand for Precise Real-Time Information to Achieve Highest Production
5.1.2 Growing Production of Shale and Resulting Hike in Horizontal and Unconventional Drilling
5.2 Market Restraints
5.2.1 High Materials and Manufacturing Process Cost
5.3 Market Opportunities
5.3.1 Increase in Initiatives for Digitization of Geosteering Technology by Market Players
5.4 Future Trends
5.4.1 Surge in Demand for Intensive R&D
5.5 Impact Analysis of Drivers and Restraints
6. Geosteering Technology Market - North America Analysis
6.1 North America Geosteering Technology Market Overview
6.2 North America Geosteering Technology Market - Revenue, and Forecast to 2027 (US$ Million)
6.3 Market Positioning - Market Players Ranking
7. North America Geosteering Technology Market Analysis - By Product
7.1 Overview
7.2 North America Geosteering Technology Market, By Product (2019 and 2027)
7.3 Logging While Drilling
7.4 Measurement-While-Drilling
7.5 Rotary Steerable Systems
7.6 Drive Systems
8. North America Geosteering Technology Market Analysis - By Application
8.1 Overview
8.2 North America Geosteering Technology Market, By Application (2019 and 2027)
8.3 Petroleum Development
8.4 Natural Gas Transportation
9. North America Geosteering Technology Market - Country Analysis
10. Impact of COVID-19 Pandemic- North America Geosteering Technology Market
11. Industry Landscape
11.1 Market Initiative
11.2 Merger and Acquisition
11.3 New Development
12. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/cngwxe
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Delivery of Renewable Fuel to Support Japan’s Progress Towards a Clean, Carbon-Free Economy
BETHESDA, Md.--(BUSINESS WIRE)--Enviva Partners, LP (“Enviva”), a leading renewable energy company specializing in sustainable wood bioenergy, today announced that its first shipment of sustainable wood pellets is on its way from Port Panama City in Florida to Japan’s Iwakuni Port.
“Worldwide demand for renewable solutions that can help mitigate climate change right now continues to grow immensely,” said John Keppler, Enviva Chairman and Chief Executive Officer. “We are very proud of our operations in the Southeast and our export terminals that enable us to safely, stably, and reliably deliver a product that displaces coal and helps countries like Japan meet their climate change goals in the most cost-efficient way while ensuring reliable and dispatchable energy generation.”
“We are honored by the trust and responsibility our Japanese customers have placed in us to be the core supplier of renewable fuels to such an important project mitigating climate change and are privileged to be a part of their success,” Keppler added.
Enviva’s first shipment carried approximately 28,000 metric tons of wood pellets made from low-value wood sourced in the U.S. Southeast. Sustainable bioenergy provides a viable solution to reducing greenhouse gas emissions that is available today and will enable Japan to meet its recently announced goal of being carbon-neutral by 2050. By using sustainable wood pellets instead of coal, heat and power producers in Japan will be able to reduce carbon emissions by more than 85% on a lifecycle basis, providing a significant reduction in emissions for the world's fifth-largest greenhouse gas emitter while also providing grid stability.
“The Port of Panama City and Enviva’s first shipment of sustainable biomass to Japan is a major milestone for Florida’s Second Congressional District,” said Florida Congressman Neal Dunn, M.D. “This partnership between Enviva and the Port of Panama City will not only boost the local and state economy; it will provide alternatives to conventional power sources internationally.”
“The Port of Panama City is proud to be a part of Enviva’s sustainable supply chain, which takes low-value wood from private landowners in Florida and ships it to customers around the world who use it to generate clean, renewable energy for tens of thousands of homes and businesses,” said Wayne Stubbs, executive director of the port.
This week’s shipment marks the first of many to a global economic powerhouse where demand for a long-term supply of sustainable biomass continues to grow as the economy moves away from fossil fuels. Japan’s feed-in tariffs (FiTs) for renewable energy, along with the government’s commitment to shut down or decarbonize 100 coal plants, have enabled more than 3 million tons of long-term demand for wood pellets to be contracted by Enviva. Most of such agreements with the company’s Japanese customers extend to 2040 and beyond.
To learn more about the voyage of a Southeastern U.S. wood pellet, take a look at our video, Lifecycle of a wood pellet, here.
About Enviva Partners, LP
Enviva Partners, LP (NYSE: EVA) is a publicly traded master limited partnership that aggregates a natural resource, wood fiber, and processes it into a transportable form, wood pellets. The Partnership sells a significant majority of its wood pellets through long-term, take-or-pay off-take contracts with creditworthy customers in the United Kingdom and Europe. The Partnership owns and operates nine plants with a combined production capacity of approximately 4.9 million MTPY in Virginia, North Carolina, South Carolina, Georgia, Mississippi, and Florida. In addition, the Partnership exports wood pellets through its marine terminals at the Port of Chesapeake, Virginia and the Port of Wilmington, North Carolina and from third-party marine terminals in Savannah, Georgia, Mobile, Alabama, and Panama City, Florida. To learn more about Enviva Partners, LP, please visit our website at www.envivabiomass.com and follow us on social media @Enviva.
Cautionary Note Concerning Forward-Looking Statements
Certain statements and information in this press release may constitute “forward-looking statements.” The words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could,” or other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. These forward‑looking statements are based on the Partnership’s current expectations and beliefs concerning future developments and their potential effect on it. Although management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting the Partnership will be those that it anticipates. All comments concerning the Partnership’s expectations for future revenues and operating results are based on the forecasts for its existing operations and do not include the potential impact of any future acquisitions. The Partnership’s forward-looking statements involve significant risks and uncertainties (some of which are beyond the Partnership’s control) and assumptions that could cause actual results to differ materially from the its historical experience and its present expectations or projections. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to: (i) the volume and quality of products that it is able to produce or source and sell, which could be adversely affected by, among other things, operating or technical difficulties at the Partnership’s wood pellet production plants or deep-water marine terminals; (ii) the prices at which the Partnership is able to sell the its products; (iii) the Partnership’s ability to successfully negotiate and complete and integrate drop-down and third-party acquisitions, including the associated contracts, or to realize the anticipated benefits of such acquisitions; (iv) failure of the Partnership’s customers, vendors, and shipping partners to pay or perform their contractual obligations to it; (v) the Partnership’s inability to successfully execute its project development, expansion, and construction activities on time and within budget; (vi) the creditworthiness of the Partnership’s contract counterparties; (vii) the amount of low-cost wood fiber that it is able to procure and process, which could be adversely affected by, among other things, disruptions in supply or operating or financial difficulties suffered by the Partnership’s suppliers; (viii) changes in the price and availability of natural gas, coal, or other sources of energy; (ix) changes in prevailing economic conditions; (x) unanticipated ground, grade or water conditions; (xi) inclement or hazardous environmental conditions, including extreme precipitation, temperatures, and flooding; (xii) fires, explosions, or other accidents; (xiii) changes in domestic and foreign laws and regulations (or the interpretation thereof) related to renewable or low-carbon energy, the forestry products industry, the international shipping industry, or power, heat or combined heat and power generators; (xiv) changes in the regulatory treatment of biomass in core and emerging markets; (xv) the Partnership’s inability to acquire or maintain necessary permits or rights for the Partnership’s production, transportation, or terminaling operations; (xvi) changes in the price and availability of transportation; (xvii) changes in foreign currency exchange rates or interest rates, and the failure of the Partnership’s hedging arrangements to effectively reduce its exposure to the risks related thereto; (xviii) risks related to the Partnership’s indebtedness; (xix) the Partnership’s failure to maintain effective quality control systems at its production plants and deep-water marine terminals, which could lead to the rejection of the Partnership’s products by its customers; (xx) changes in the quality specifications for the Partnership’s products that are required by its customers; (xxi) labor disputes; (xxii) the Partnership’s inability to hire, train, or retain qualified personnel to manage and operate its business and newly acquired assets; (xxiii) the effects of the exit of the United Kingdom from the European Union on the Partnership’s and its customers’ businesses; (xxiv) the Partnership’s inability to borrow funds and access capital markets; and (xxv) viral contagions or pandemic diseases, such as the recent outbreak of a novel strain of coronavirus known as COVID-19.
For additional information regarding known material factors that could cause the Partnership’s actual results to differ from projected results, please read our filings with the U.S. Securities and Exchange Commission (the “SEC”), including the Annual Report on Form 10-K and the Quarterly Reports on Form 10-Q most recently filed with the SEC. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date thereof. The Partnership undertakes no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information or future events or otherwise.
Maria Moreno
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+1-301-657-5560
Nonprofit Continues Commitment to Community-Driven Action Through Support of High-Quality Carbon Offsets
SAN FRANCISCO--(BUSINESS WIRE)--Cool Effect, a Bay Area based nonprofit focused on supporting projects around the world that reduce carbon emissions, is celebrating its five-year anniversary and a half decade of community-driven action in the fight against climate change. Launched at COP21 in Paris in 2015, the organization’s experience and knowledge of high-quality carbon offset projects predates its official launch by over 20 years.
Cool Effect has a mission to address the urgent climate crisis by encouraging individuals and businesses to understand and take responsibility for their emissions that cause global warming. A recent survey conducted by OnePoll on behalf of Cool Effect revealed that a majority of respondents believe climate change is currently the biggest threat to mankind. However, that same survey revealed that tangible action is lacking -- while nearly 88% feel they are knowledgeable about actions to fight climate change, the majority of respondents don’t know what their personal carbon footprint is and believe their personal emissions don’t have an impact on the problem.
“Extensive research has proven that humans cause climate change and our mission remains focused on providing opportunities to take measurable action in a transparent, meaningful way,” said Dee Lawrence, co-founder of Cool Effect. “To-date, we’re proud to have helped avoid, sequester or remove nearly 2.5 million tonnes of carbon from entering the atmosphere, but we are just getting started. With more education and options, individuals, businesses and organizations are stepping up.”
In recent years, consumers and employees have begun to put pressure on businesses to take responsibility for their impact on the planet. The OnePoll survey also revealed that nearly half of respondents believe that large corporations have a responsibility to reduce carbon emissions. The majority of respondents report they would go out of their way to purchase products from, or switch careers to work for a more sustainable company. This has sparked continued support from a variety of businesses.
“When we started on this journey five years ago, we were a passionate team eager to make a difference by offering a measurable way to fight the climate crisis. Our goal was to build trust in the carbon market and show individuals that every tonne matters. Businesses took notice,” said Jodi Manning, Vice President of Marketing and Partnerships at Cool Effect. “Now organizations of all sizes are stepping up. Employees and consumers are asking them to. We work with a variety of partners no matter where they are in their path to sustainability—whether they’re just getting started or leaning into long-term commitments.”
Cool Effect has forged partnerships with hundreds of businesses such as MLB, American Airlines, Crunchbase, Salesforce and Twitter, and has helped over 500,000 people understand their personal carbon emissions. Cool Effect provides ways to help reduce emissions, and support communities in need across the globe through high-quality carbon mitigation projects. But the work has just begun. In a recent survey of existing clients, over 65% say climate is a top priority for 2021 and 1 in 3 report that their journey is just getting started. Cool Effect is committed to the fight for years to come.
To learn more about Cool Effect or take action in the fight against climate change by supporting high-quality carbon reducing projects across the globe, visit cooleffect.org.
About Cool EffectTM
Cool Effect is a San Francisco Bay Area 501(c)3 nonprofit dedicated to reducing carbon emissions around the world by allowing individuals, businesses, organizations and universities to create a tangible impact on climate change by funding the highest quality carbon reduction projects that are verifiably and measurably reducing global warming emissions. The organization was founded by Dee and Richard Lawrence on their passionate belief that support of carbon offset projects will create a cumulative effect that will reduce and prevent carbon pollution. Like the Butterfly Effect, The Ripple Effect, and others, a single action can have global impact. To learn more, please visit cooleffect.org or follow Cool Effect on Facebook, Instagram, LinkedIn and Twitter.
Demonstrate PR on behalf of Cool Effect
Jenn Eiskamp
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415.400.4214
HOUSTON--(BUSINESS WIRE)--Calpine Corporation today announced the pricing of $900,000,000 in aggregate principal amount of its 3.750% Senior Secured Notes due 2031 in a private placement. The offering is expected to close on December 16, 2020, subject to customary closing conditions.
Calpine Corporation intends to use the proceeds from this offering, together with cash on hand (if necessary), to (i) repay approximately $515 million of borrowings outstanding under its first lien term loan facility maturing in 2024 (the “2024 First Lien Term Loan”), (ii) purchase $335 million in aggregate principal amount of its outstanding 5.250% Senior Secured Notes due 2026 (the “2026 Notes”) pursuant to a tender offer or a partial redemption of the 2026 Notes and (iii) pay premiums, fees and expenses relating to this offering, the repayment of the 2024 First Lien Term Loan and the partial redemption and/or purchase of 2026 Notes. Any net proceeds from the offering in excess of that used for the purposes described above will be used for general corporate purposes.
The notes will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States without registration under the Securities Act or pursuant to an applicable exemption from such registration. The notes mentioned herein may be offered and sold only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the Securities Act and outside the United States in reliance on Regulation S under the Securities Act.
This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, any security and nor shall there be any offer, solicitation or sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful. This announcement does not constitute an offer to purchase, the solicitation of an offer to sell, or a notice to redeem any of the 2026 Notes.
About Calpine
Calpine Corporation is America’s largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Our fleet of 76 power plants in operation, including one under construction, represents nearly 26,000 megawatts of generation capacity. Through wholesale power operations and our retail businesses, Calpine Energy Solutions and Champion Energy, we serve customers in 23 states in the United States and in Canada and Mexico. Our clean, efficient, modern and flexible fleet uses advanced technologies to generate power in a low-carbon and environmentally responsible manner. We are uniquely positioned to benefit from the secular trends affecting our industry, including the abundant and affordable supply of clean natural gas, environmental regulation, aging power generation infrastructure and the increasing need for dispatchable power plants to successfully integrate intermittent renewables into the grid.
Forward-Looking Information
In addition to historical information, this release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We use words such as “believe,” “intend,” “expect,” “anticipate,” “plan,” “may,” “will,” “should,” “estimate,” “potential,” “project” and similar expressions to identify forward-looking statements. Such statements include, among others, our ability to consummate the offering of the notes, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. We believe that the forward-looking statements are based upon reasonable assumptions and expectations. However, you are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results to differ materially from those anticipated in the forward-looking statements. Given the risks and uncertainties surrounding forward-looking statements, you should not place undue reliance on these statements. Many of these factors are beyond our ability to control or predict. Our forward-looking statements speak only as of the date of this release. Other than as required by law, Calpine Corporation undertakes no obligation to update or revise any such statements, whether as a result of new information, future events or otherwise.
Media Contact:
Brett Kerr
Vice President, External Affairs
713-830-8809
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Investor Contact:
W. Bryan Kimzey
Senior Vice President, Finance & Treasurer
713-830-8775
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CHANDLER, Ariz.--(BUSINESS WIRE)--Rogers Corporation (NYSE:ROG) announced today that its Board of Directors appointed Megan Faust and Keith Larson to serve as members of the Company’s Board.
“We are very pleased to welcome Megan and Keith to our Board of Directors,” said Peter Wallace, Lead Director of Rogers Corporation. “Megan is an active financial executive in technology manufacturing and Keith has extensive corporate development expertise in the technology space, so both are well aligned with our current operational model and strategic growth priorities. We look forward to working with both Megan and Keith on Rogers’ future success.”
Megan Faust is currently Executive Vice President and Chief Financial Officer of Amkor Technology, Inc. (NASDAQ: AMKR), a leading provider of outsourced semiconductor packaging and test services. She joined Amkor in 2005 and became Chief Financial Officer in 2016, after serving six years as its Corporate Controller. Before that, Ms. Faust served as an auditor with KPMG LLP for 10 years. Ms. Faust brings to the Board experience as an active senior executive in corporate finance and accounting in a global technology manufacturing company.
Keith Larson served as a Vice President of Intel Corporation (NASDAQ:INTC) and Senior Managing Director of Intel Capital, Intel’s strategic investment and M&A group, until his retirement in April 2019. He joined Intel in 1996, was appointed Vice President in 2006, and served as a Managing Director of Intel Capital from 2004 to 2018. Mr. Larson is currently a director of Northwest Pipe Co. (NASDAQ:NWPX). Mr. Larson brings to the Board experience as a senior executive in strategic planning and corporate development in a large multinational, technology-oriented public company as well as his experience in corporate governance.
About Rogers Corporation
Rogers Corporation (NYSE:ROG) is a global leader in engineered materials to power, protect, and connect our world. With more than 180 years of materials science experience, Rogers delivers high-performance solutions that enable the company’s growth drivers -- advanced connectivity and advanced mobility applications, as well as other technologies where reliability is critical. Rogers delivers Power Electronics Solutions for energy-efficient motor drives, e-Mobility and renewable energy; Elastomeric Material Solutions for sealing, vibration management and impact protection in mobile devices, transportation interiors, industrial equipment and performance apparel; and Advanced Connectivity Solutions for wireless infrastructure, automotive safety and radar systems. Headquartered in Arizona (USA), Rogers operates manufacturing facilities in the United States, China, Germany, Belgium, Hungary, and South Korea, with joint ventures and sales offices worldwide.
Media:
Amy Kweder
Director, Corporate Communications
Phone: 480.203.0058
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Investors:
Steve Haymore
Director, Investor Relations
Phone: 480.917.6026
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Website address: https://www.rogerscorp.com
Al Williams Named Vice President, Corporate Affairs
Paul Antebi Appointed Vice President and General Tax Counsel
SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today named Al Williams vice president of corporate affairs, effective March 1, 2021. The company also appointed Paul Antebi vice president and general tax counsel, effective February 1, 2021.
Williams, 52, succeeds Dale Walsh who is retiring after 38 years of distinguished service. Williams, currently managing director of Chevron Australia and head of the Australasia business unit, will oversee government affairs, public affairs, social investment and performance, and the company’s worldwide efforts to protect and enhance its reputation. He will report to Chevron Chairman and CEO Michael Wirth.
“Al’s career with Chevron has featured multiple international assignments as well as responsibility for some of our most important U.S.-based operations in all three segments of Chevron’s business – Upstream, Midstream and Downstream,” said Wirth. “He brings deep knowledge of our business, global perspective and is a proven leader. Al will be a valued addition to our leadership team at a time of increasing regulatory, social and political complexity for all our businesses.”
“I’m truly grateful to Dale for the contributions he’s made to Chevron’s success over the course of almost four decades,” Wirth added. “Dale has been a trusted advisor to me, an accomplished business leader and an outstanding colleague. Throughout his career in downstream, as well as his time as a corporate officer, Dale has demonstrated an unwavering commitment to creating value for all our stakeholders.”
In a separate appointment, Paul Antebi, 48, has been named vice president and general tax counsel. He succeeds C.N. (Sandy) Macfarlane, who is retiring after 36 years of outstanding performance. Antebi, currently Chevron’s Deputy General Tax Counsel, will be responsible for directing Chevron’s worldwide tax activities. Antebi will report to Chevron Vice President and CFO Pierre Breber.
“Over the course of his career at Unocal and Chevron, Paul has a track record of achievement, establishing himself as an expert in his discipline and a proven leader,” Wirth said. “Sandy has led our tax function with a high degree of professionalism and integrity for the last decade. He is a recognized leader across the tax industry and leaves a strong legacy of accomplishment and business partnership.”
Chevron Corporation is one of the world’s leading integrated energy companies. Through its subsidiaries that conduct business worldwide, the company is involved in virtually every facet of the energy industry. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemicals and additives; generates power; and develops and deploys technologies that enhance business value in every aspect of the company’s operations. Chevron is based in San Ramon, Calif. More information about Chevron is available at www.chevron.com.
Braden Reddall -- +1 925-842-2209
Leading Owner and Operator of U.S. Power Plants Announces New Remote Operating Center Launching Q1 2021
ALISO VIEJO, Calif.--(BUSINESS WIRE)--IHI Power Services Corp. (IPSC), a leading owner and operator of power plants across the U.S., announces the upcoming launch of its remote operating center (ROC). The ROC, headquartered and based in Aliso Viejo, Calif., expands IPSC’s operations and maintenance (O&M) service offerings to better support the renewable power generation sector including wind, PV solar, battery storage and more. Set for a Q1 2021 launch, the ROC will offer IPSC clients remote operation, monitoring and start/stop control of existing simple cycle gas turbine peaking projects to facilitate staffing optimization.
“Despite their marketing claims, most remote ‘operating’ centers currently only provide remote monitoring without actual operations capabilities,” said Steve Gross, president and chief executive officer at IPSC. “IPSC’s remote operating center will bring immense value to the market with its ability to implement both continuous remote monitoring AND remote operations – 24-hours-a-day, seven-days-a-week, 365-days-a-year.”
Fully staffed by qualified power professionals with extensive plant operations experience, IPSC’s ROC will meet and exceed NERC Medium Impact CIP security protocols to ensure the safety and protection of client assets. Its capabilities will also feature monitoring and diagnostic (M&D) services, incorporating advanced predictive analytics, data analysis, artificial intelligence, machine learning and IoT. This will enable IPSC to perform predictive and proactive maintenance of client equipment to increase the efficiency and reliability of their projects.
“As a premier provider of third-party O&M services, we forecasted the contraction of thermal generation, with the shift to renewable energy, and foresaw the future need of remote operation centers,” said Gross. “Remote operating centers allow companies to make the shift into renewable energy, while still allowing them to meet business and ROI goals by minimizing generation, transmission and consumption costs.”
IPSC is a highly responsive, results-focused leader in the power generation industry — known for providing world-class services to each facility and project it manages. As an owner-operator, IPSC understands that minimizing operational risks and maximizing value, while maintaining regulatory and environmental compliance is key to the success and longevity of every facility.
To learn more about IPSC and its new ROC coming soon, visit: www.ihipower.com.
ABOUT IHI POWER SERVICES CORP: IHI Power Services Corp’s (IPSC) parent company IHI Corporation, based in Tokyo, Japan, is a heavy industrial manufacturing and services company. The company is active in a number of industries, including aerospace, ship building, power generation, automotive and transportation infrastructure. IPSC was specifically formed to provide operations, maintenance, management and power plant support services to the U.S. power generation industry. The IPSC team of energy professionals deliver value-added service based on expertise gleaned through years of hands-on experience in the power generation industry. As an owner and operator, IPSC understands that minimizing operational risks and maximizing asset value while maintaining a safe work environment that is environmentally compliant is key to the success of every facility. By instituting proven programs, industry best practices and upholding the company’s guiding principles of growth, respect, accountability, integrity and lack of limitation – IPSC provides world-class service to each of the more than 30 facilities and 12.7 gigawatts it manages. For more information, visit www.ihipower.com and follow IPSC on LinkedIn.
Leslie Licano, Beyond Fifteen Communications, Inc
This email address is being protected from spambots. You need JavaScript enabled to view it. | 949-733-8679 x 101
HOUSTON--(BUSINESS WIRE)--Civeo Corporation (NYSE: CVEO) today announced that on December 2, 2020, Civeo was notified by the New York Stock Exchange (NYSE) that the Company has regained compliance with the NYSE's continued listing standards.
On March 27, 2020, Civeo received notification from the NYSE that the Company had fallen below the continued listing standard to maintain a minimum average closing price of $1.00 per share over 30 consecutive trading days.
Civeo regained compliance after its average closing price for the 30 trading days ended November 30, 2020 and its closing price on November 30, 2020 both exceeded $1.00 per share. The below compliance (“.BC”) indicator has been removed from the Company’s common shares, and the Company was removed from the NYSE list of non-compliant issuers.
About Civeo
Civeo Corporation is a leading provider of hospitality services with prominent market positions in the Canadian oil sands and the Australian natural resource regions. Civeo offers comprehensive solutions for lodging hundreds or thousands of workers with its long-term and temporary accommodations and provides food services, housekeeping, facility management, laundry, water and wastewater treatment, power generation, communications systems, security and logistics services. Civeo currently operates a total of 28 lodges and villages in Canada, Australia and the U.S., with an aggregate of approximately 30,000 rooms. Civeo is publicly traded under the symbol CVEO on the New York Stock Exchange. For more information, please visit Civeo's website at www.civeo.com.
Regan Nielsen
Civeo Corporation
Senior Director, Corporate Development & Investor Relations
713-510-2400
Jeffrey Spittel
FTI Consulting
832-667-5140
Qarnot computing, a company certified as the "Best Place To Work" owing to its working conditions and commitment to the professional development of its employees.
PARIS--(BUSINESS WIRE)--#bestplacestowork--Qarnot computing, an innovative company which provides computer-based heating solutions, was recently certified as one of the best companies to work in France. The "Best Places To Work" certification is awarded to companies achieving the best performance in terms of working conditions and rewards the high level of trust its employees placed in their management. The assessment is based on an employee questionnaire and an in-depth evaluation of HR policies and practices. The questions mainly cover employees' perception of their work environment as well as leadership development, compensation & benefits, image & a sense of belonging, 360 relationships, corporate culture, HR management, etc.
"I've always said that the company owes its success to the commitment and involvement of the teams! We have been hearing for the past few years that there is a good atmosphere at Qarnot; employees say they like it here and they want to stay... We are proud and thrilled with the Best Place to Work results which testify to the choices we have made. We'll ensure that we maintain what makes us strong today going forward: the desire of our employees to work at Qarnot, and this drive to achieve a collective goal!" declared Miroslav Sviezeny, COO & Co-founder.
“We wanted a concrete and objective insight into the work atmosphere at Qarnot. The results of the Best Place to Work provide an external view of the company, and we are obviously delighted with the outcome! From our point of view, it is as much a source of satisfaction as an invitation to strive to achieve more.” stated Fabienne Le Gall, CMO.
97% of employees recommend the company. This data acknowledges the various actions undertaken by Qarnot computing, in particular its efforts to attract, retain and foster employee loyalty. This also reveals the company’s desire to support its employees in their professional development while ensuring the continuous improvement of work processes at the company.
About the “Best Places To Work” program
“Best Places To Work” is an international certification program that rewards the best employers in different countries. The assessment is based on the analysis of a company's level of attractiveness via a two-step process focusing on eight factors. These factors cover company culture, management leadership, learning opportunities and HR practices.
For more information, go to www.bestplacestoworkfor.org
The original source-language text of this announcement is the official, authoritative version. Translations are provided as an accommodation only, and should be cross-referenced with the source-language text, which is the only version of the text intended to have legal effect.
BPTW Press Office
Hamza Idrissi
+33 7 55 54 87 06
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HOUSTON--(BUSINESS WIRE)--Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) (“Solaris” or the ”Company”) announced a collaboration with Amazon Web Services, Inc. (AWS) to provide its customers greater insights into oilfield data, including materials and storage usage, trend analysis, equipment and performance analytics, and predictive maintenance features.
Solaris believes a data platform that can both process the record levels of data being generated by operators and oil service companies today and allow customization of data capture and display will give its customers a valuable tool for analysis and data interpretation. The resulting data analytics could be used to drive improvements in safety, efficiency and ultimately lower well costs.
In order to provide these individualized data solutions for its customers, Solaris leveraged multiple AWS analytics capabilities including Amazon Timestream, Amazon Kinesis, Amazon QuickSight, Amazon Athena, and Amazon SageMaker, AWS’s machine learning service that enables data scientists and developers to build, train, and deploy machine learning models quickly.
“We are pleased to work with Solaris, a leader in designing, manufacturing, and renting equipment to energy companies in the US,” Greg Pearson, Vice President, Worldwide Commercial Sales at Amazon Web Services, Inc. “Solaris sees the AWS Cloud as a strategic platform that helps offer increased functionality and lower costs, and transforms complex business and operational systems to enable a more sustainable energy future. By running on AWS, Solaris can use a wide portfolio of capabilities such as analytics and machine learning services to gain better visibility into inventory to reduce waste and proactively identify issues before they happen, which is crucial for energy supply chain optimization.”
“Our customers continue to focus on increasing operational efficiencies in order to maximize cash flow. We firmly believe that innovative data analytics will be a key driver in generating sustainable and quantifiable efficiencies for our customers. Through the use of data analytics and software, our end goal is to leverage machine learning to further automate processes, utilize predictive maintenance, and essentially do more with less, and AWS is helping us accomplish this,” Solaris’ Chairman and Chief Executive Officer Bill Zartler commented.
About Solaris Oilfield Infrastructure, Inc.
Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) manufactures and rents mobile equipment that drives supply chain and execution efficiencies in the completion of oil and natural gas wells. Solaris’ patented mobile proppant and chemical systems are deployed in many of the most active oil and natural gas basins in the United States. Additional information is available on our website, www.solarisoilfield.com.
Yvonne Fletcher
Senior Vice President, Finance and Investor Relations
(281) 501-3070
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WOODSIDE, Calif.--(BUSINESS WIRE)--Rodgers Silicon Valley Acquisition Corp., a newly organized blank check company formed as a Delaware corporation, today announced the pricing of its initial public offering of 20 million units at an offering price of $10.00 per unit, with each unit consisting of one share of common stock and one-half of one redeemable warrant. Each whole warrant will entitle the holder thereof to purchase one share of common stock at $11.50 per share. The units are expected to trade on The Nasdaq Capital Market (“Nasdaq”) under the ticker symbol “RSVAU” beginning December 2, 2020. Rodgers Silicon Valley Acquisition Corp. expects the initial public offering to close on December 4, 2020, subject to customary closing conditions. Once the securities comprising the units begin separate trading, the common stock and the warrants are expected to be traded on Nasdaq under the symbols “RSVA” and “RSVAW,” respectively.
Oppenheimer & Co. Inc. is the sole book-running manager for the IPO. Rodgers Silicon Valley Acquisition Corp. has granted the underwriters a 45-day option to purchase up to 3 million additional units at the IPO price to cover over-allotments, if any.
A registration statement relating to the securities sold in the initial public offering was declared effective by the U.S. Securities and Exchange Commission on December 1, 2020. The offering is being made only by means of a prospectus. When available, copies of the prospectus related to this offering may be obtained from Oppenheimer & Co. Inc. Attention: Syndicate Prospectus Department, 85 Broad Street, 26th Floor, New York, NY 10004, or by telephone at (212) 667-8563, or by email at This email address is being protected from spambots. You need JavaScript enabled to view it. or by visiting EDGAR on the SEC’s website at www.sec.gov.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Rodgers Silicon Valley Acquisition Corp.
Rodgers Silicon Valley Acquisition Corp. is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. The Company’s mission is to provide fundamental public technology investors with early access to an excellent Silicon Valley technology company with a focus on green energy, electrification, storage, Smart Industry (IoT), Artificial Intelligence and the new automated-manufacturing wave.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the IPO and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and preliminary prospectus for the IPO filed with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
For investors:
Thurman J. Rodgers
Chief Executive Officer
Rodgers Silicon Valley Acquisition Corp.
(650)722-1753
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LONDON--(BUSINESS WIRE)--#FuelCellsforMarineVesselsMarket--The new fuel cells for marine vessels market research from Technavio indicates negative growth in the short term as the business impact of COVID-19 spreads.
Get detailed insights on the COVID-19 pandemic Crisis and Recovery analysis of the fuel cells for marine vessels market.
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"One of the primary growth drivers for this market is the Need for Alternate Propulsion Systems,” says a senior analyst for the Industrials industry at Technavio.
Factors such as the release of harmful gases on combustion need for regular maintenance and high operating costs of the diesel engines and gas turbines have increased the adoption of electric propulsion systems. Although the primary electric propulsion systems installed diesel-electric or gas turbine drive systems in the marine industry, current systems have developed to integrate fuel cell technology. Fuel cells convert chemical energy directly into electrical energy, and the absence of expansive, high-temperature combustion in fuel cells offer the benefits of lower noise, vibrations, and NOx formation. As a result, fuel cells are increasingly energy-efficient conversion devices that provide clean, silent, and reliable power. These advantages of alternative propulsion systems and the application of fuel cells for such propulsion applications will drive market growth during the forecast period.
As the markets recover Technavio expects the fuel cells for marine vessels market size to grow by USD 64.91 million during the period 2020-2024.
Fuel Cells for Marine Vessels Market Segment Highlights for 2020
Regional Analysis
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Global Fuel Cell Commercial Vehicle Market: The fuel cell commercial vehicle market size has the potential to grow by 20.14 thousand units during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. To get extensive research insights: Click and Get FREE Sample Report in Minutes!
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Together P97 and Cybersource reduce friction for retailers with secure, turnkey mobile payment solutions to meet customer demands for touchless commerce experiences.
HOUSTON & SAN FRANCISCO--(BUSINESS WIRE)--P97 Networks, a leader in cloud-based mobile commerce, and Visa’s (NYSE: V) global payment and fraud management platform, Cybersource, today announced a new multi-year global partnership to deliver best-in-class mobile payment acceptance tools with built-in integrated risk management for convenience and fuel retailers. The partnership will scale and expand P97’s PetroZone® cloud-based mobile commerce platform internationally, with first implementations in Asia Pacific, Middle East and North America expected over the next 12 months.
Demand for contactless services has created a surge in mobile and digital commerce. The P97 and Cybersource partnership will accelerate the digitalization of the fuel retail segment with the PetroZone® mobile commerce platform, which enables drivers to have a seamless digital payment experience - from mobile preorder and pay at the pump to contextual marketing and more - minimizing touchpoints at every stop. Cybersource will provide a full suite of payment acceptance, fraud management and value added services to power a more secure, frictionless PetroZone®.
"We are excited to extend the reach and capabilities of our mobile payments platform for convenience and fuel retailers around the world," said Don Frieden, Founder and CEO of P97. "By joining forces with Cybersource, we gain access to key payment platform capabilities and fraud management, as well as multinational expertise and global relationships that can help us blitzscale our PetroZone® platform in key geographies."
A recent study1 from Cybersource shows the overall use of digital channels has increased sixty percent since March. Beyond the demand for digital, a mobile app is cited as one of the most popular commerce features to make the shopping journey more efficient for consumers. PetroZone® mobile app is ideal for fuel and convenience store retailers, as it not only elevates the digital point of sale experience, but minimizes touchpoints which is increasingly important to consumers due to the pandemic.
“Millions of drivers hit the road every day and expect a frictionless and now contactless, commerce journey- whether that is re-fueling or picking up road trip essentials,” said Matt Williamson, Vice President, Global Technology Partnerships, Visa. “Building on P97’s relationships with the oil, fuel and automotive ecosystem, Cybersource brings robust, secure payment and risk management capabilities to drive innovation for the entire fuel and convenience category. A win-win for fuel operators and consumers alike.”
In North America, P97 currently provides mobile commerce solutions for nearly 30,000 major oil branded sites. Together with Cybersource, the two are targeting rapid expansion in Asia Pacific and the Middle East, with both major oil brands and automotive OEMs.
About Visa
Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of digital commerce on any device for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit About Visa, visa.com/blog and @VisaNews.
About P97 Networks
P97 Networks provides secure, cloud-based mobile commerce, in-vehicle payments, and digital marketing solutions for the convenience retail, fuel, and vehicle manufacturing industries under the brand name PetroZone®. P97’s mCommerce solutions enhance the ability to attract, engage, and retain shoppers by securely connecting millions of individual mobile phones and connected cars with merchants using identity and geolocation-based software that creates a unique mobile consumer experience. For more information, follow us on Twitter @p97networks or visit www.p97.com.
1 The Global Digital Shopping Index, Cybersource + PYMNTs, November 2020
P97 Media Contact
Aaron Mireles
(281) 954-1706
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HOUSTON--(BUSINESS WIRE)--Calpine Corporation announced today that it has commenced a cash tender offer to purchase up to $335,000,000 in aggregate principal amount (the “Tender Cap Amount”) of its outstanding 5.250% Senior Secured Notes due 2026 (CUSIP Nos.: 131347 CK0 / U13055 AR6 / U13055 AS4) (the “Notes”) (the “Offer”). The terms and conditions of the Offer are described in an Offer to Purchase, dated December 2, 2020 (the “Offer to Purchase”).
The following table summarizes the terms of the Offer:
Title of Securities |
Principal Amount
|
Tender Offer
|
Early Tender
|
Total
|
||||
5.250% Senior Secured Notes due 2026 (CUSIP Nos.: 131347 CK0 / U13055 AR6 / U13055 AS4) |
$1,185,000,000 |
$1,017.25 |
$30.00 |
$1,047.25 |
|
||
(1) |
Per $1,000 principal amount of Notes tendered and accepted for purchase. |
|
(2) |
The Early Tender Payment is included in the Total Consideration for Notes tendered at or prior to the Early Tender Date. |
|
(3) |
Excludes accrued and unpaid interest from the last interest payment date up to, but not including, the applicable settlement date, which will be paid in addition to the Tender Offer Consideration or the Total Consideration, as applicable. |
|
The Offer expires at 11:59 p.m., New York City Time, on December 30, 2020, unless extended or earlier terminated (the “Expiration Date”). The consideration for each $1,000 principal amount of Notes validly tendered and not validly withdrawn at or prior to 5:00 p.m. New York City Time on December 15, 2020, unless extended (the “Early Tender Date”), and accepted for purchase pursuant to the Offer will be the Total Consideration set forth in the table above. The consideration for each $1,000 principal amount of Notes validly tendered after the Early Tender Date and at or prior to the Expiration Date and accepted for purchase pursuant to the Offer will be the Tender Offer Consideration set forth in the table above, which consists of the Total Consideration less the Early Tender Payment set forth in the table above. Holders of Notes tendered after the Early Tender Date will not be eligible to receive the Early Tender Payment.
Holders of Notes validly tendered and accepted for purchase pursuant to the Offer will receive the applicable consideration described above, plus accrued and unpaid interest from the last interest payment date applicable to the Notes to, but not including, the applicable settlement date.
If the aggregate principal amount of Notes validly tendered exceeds the Tender Cap Amount, Calpine Corporation, if it accepts for purchase any Notes under such circumstances, will accept for purchase only an aggregate principal amount of Notes up to the Tender Cap Amount. In such circumstance, the amount of Notes purchased will be prorated, with the aggregate principal amount of each Holder’s validly tendered Notes accepted for purchase determined by multiplying each holder’s tender by a proration factor, and rounding the product down to the nearest $1,000. Furthermore, if the Offer is fully subscribed as of the Early Tender Date, holders who validly tender Notes following the Early Tender Date will not have any of their Notes accepted for purchase.
Tendered Notes may be withdrawn prior to 5:00 p.m., New York City time, on December 15, 2020 (the “Withdrawal Date”). Holders of Notes who tender their Notes after the Withdrawal Date, but at or prior to the Expiration Date, may not withdraw their tendered Notes. The consummation of the Offer is not conditioned upon any minimum amount of Notes being tendered, but is subject to, and conditioned upon, the satisfaction or waiver of certain conditions described in the Offer to Purchase, including, among others, Calpine Corporation consummating one or more financing transactions. Calpine intends to use a portion of the net proceeds from such financing transactions, together with cash on hand (if necessary), to fund the aggregate consideration and accrued interest for all Notes validly tendered (and not withdrawn) pursuant to the Offer and accepted for purchase by us, and to pay all fees and expenses incurred in connection with the Offer. Calpine Corporation intends to issue a conditional notice of partial redemption for the Notes to redeem $335 million in aggregate principal amount of the Notes less the aggregate principal amount of Notes purchased in the Offer. This announcement does not constitute a notice of redemption of the Notes.
J.P. Morgan Securities LLC has been retained as the dealer manager. D.F. King & Co., Inc. has been retained to serve as both the tender agent and the information agent. Persons with questions regarding the Offer should contact J.P. Morgan Securities LLC at (866) 834-4087 (U.S. toll-free) and (212) 834-4087 (collect). Copies of the Offer to Purchase and other related materials may be obtained online at www.dfking.com/calpine or by contacting D.F. King & Co., Inc. at (toll-free) (877) 478-5043 or (collect) (212) 269-5550 or email: This email address is being protected from spambots. You need JavaScript enabled to view it..
None of Calpine Corporation or its affiliates, its board of directors, the dealer manager, the tender agent and the information agent or the trustee for the Notes, makes any recommendation as to whether holders of the Notes should tender or refrain from tendering the Notes.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other securities, nor shall there be any sale of the Notes or any other securities in any state in which such offer, solicitation or sale would be unlawful. The Offer is made only through the use of the Offer to Purchase. The Offer is not being made to holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the Offer is required to be made by a licensed broker or dealer, the Offer will be deemed to be made on behalf of Calpine Corporation by the dealer manager or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.
About Calpine
Calpine Corporation is America’s largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Our fleet of 76 power plants in operation, including one under construction, represents nearly 26,000 megawatts of generation capacity. Through wholesale power operations and our retail businesses, Calpine Energy Solutions and Champion Energy, we serve customers in 23 states in the United States and in Canada and Mexico. Our clean, efficient, modern and flexible fleet uses advanced technologies to generate power in a low-carbon and environmentally responsible manner. We are uniquely positioned to benefit from the secular trends affecting our industry, including the abundant and affordable supply of clean natural gas, environmental regulation, aging power generation infrastructure and the increasing need for dispatchable power plants to successfully integrate intermittent renewables into the grid.
Forward-Looking Information
In addition to historical information, this release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We use words such as “believe,” “intend,” “expect,” “anticipate,” “plan,” “may,” “will,” “should,” “estimate,” “potential,” “project” and similar expressions to identify forward-looking statements. Such statements include, among others, those concerning our expected financial performance and strategic and operational plans, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. We believe that the forward-looking statements are based upon reasonable assumptions and expectations. However, you are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results to differ materially from those anticipated in the forward-looking statements. Given the risks and uncertainties surrounding forward-looking statements, you should not place undue reliance on these statements. Many of these factors are beyond our ability to control or predict. Our forward-looking statements speak only as of the date of this release. Other than as required by law, Calpine Corporation undertakes no obligation to update or revise any such statements, whether as a result of new information, future events or otherwise.
Media Contact:
Brett Kerr
Vice President, External Affairs
713-830-8809
This email address is being protected from spambots. You need JavaScript enabled to view it.
Investor Contact:
W. Bryan Kimzey
Senior Vice President, Finance & Treasurer
713-830-8775
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SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) announced that Marillyn A. Hewson has been elected to Chevron’s board of directors, effective on January 1, 2021. She will serve on the Audit Committee of the Board.
Hewson, 66, is executive chairman of Lockheed Martin Corporation. She served as Lockheed Martin’s chairman, president and chief executive officer from January 2014 to June 2020 and held the positions of president and chief executive officer from January 2013 to December 2013.
“It’s truly an honor to welcome Marillyn to Chevron’s board,” said Chevron Chairman and CEO Michael Wirth. “Marillyn is one of the world’s most accomplished business leaders. She brings valuable global business experience as well as decades of perspective on international commerce and geopolitics to our board, and will make our company better.”
Hewson joined Lockheed Martin more than 35 years ago as an industrial engineer. During her career she has held leadership positions across the corporation. She currently serves on the board of directors of Johnson & Johnson, the Congressional Medal of Honor Foundation, the Board of Governors of the USO, and as chair of the Catalyst Board of Directors. Hewson has served on several U.S. government advisory bodies, including her current appointment to the American Workforce Policy Advisory Board. She earned her Bachelor of Science degree in business administration and her Master of Arts degree in economics from The University of Alabama and has completed executive development programs at Columbia Business School and Harvard Business School.
Chevron Corporation is one of the world’s leading integrated energy companies. Through its subsidiaries that conduct business worldwide, the company is involved in virtually every facet of the energy industry. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemicals and additives; generates power; and develops and deploys technologies that enhance business value in every aspect of the company’s operations. Chevron is based in San Ramon, Calif. More information about Chevron is available at www.chevron.com.
Braden Reddall -- +1 925-842-2209
LONDON--(BUSINESS WIRE)--#apac--The new Natural Gas Utilities market research report from SpendEdge indicates an incremental growth during the forecast period as the business impact of COVID-19 spreads.
As the markets recover SpendEdge expects the Natural Gas Utilities market size to grow by 259 USD billion during the period 2020-2024.
Get detailed insights on the COVID-19 pandemic crisis and recovery analysis of the Natural Gas Utilities market. Download free report sample
Natural Gas Utilities Market Analysis
Analysis of the cost and volume drivers and supply market forecasts in various regions are offered in this Natural Gas Utilities research report. This market intelligence report also analyzes the top supply markets and the critical cost drivers that can aid buyers and suppliers devise a cost-effective category management strategy.
Insights Delivered into the Natural Gas Utilities Market
This market intelligence report on Natural Gas Utilities answers to all the critical problems faced by investors who seek cost-saving opportunities in a competitive market. It also offers actionable anecdotes on the industry structure and supply market forecasts including highlights of the top vendors in this market. Our procurement experts have determined effective category pricing strategies that are attuned to the dynamics of this market which can be leveraged to maximize revenue generation against minimum investments on the products.
Information on Latest Trends and Supply Chain Market Information Knowledge center on COVID-19 impact assessment
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This Natural Gas Utilities Market procurement research report offers coverage of:
For more information on the exact spend growth rate and yearly category spend, download a free sample.
This market intelligence report identifies the major costs incurred by suppliers and provides additional information on:
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