Ammonia-ready storage and transportation infrastructure will accelerate the zero-carbon energy landscape

OVERLAND PARK, Kan.--(BUSINESS WIRE)--As industry advances its efforts to decarbonize amid rising global demand for carbon-free energy sources, ammonia’s role in the green energy economy continues to take shape. To help navigate ammonia’s growing role, Black & Veatch today released its first eBook aimed at the oil and gas industry, Hybrid LNG & Ammonia Infrastructure: Key to a Green Economy.

Best known for its traditional role in fertilizer production, ammonia is rapidly gaining attention in other applications. Easily liquified for storage and transport in the same fashion as liquefied natural gas (LNG), ammonia can be used across energy-intensive industries in several ways: it can be burned directly as a carbon emissions-free energy source or cracked to produce hydrogen.

Ammonia is a key player in facilitating the widespread use of hydrogen, a clean, zero-carbon fuel. The chemical properties of hydrogen make it technically and economically challenging to develop infrastructure for large-scale storage and transportation. But liquified ammonia is a desirable hydrogen carrier, plus proven methods of storage and transportation already exist at scale.

The Hybrid LNG & Ammonia Infrastructure: Key to a Green Economy eBook looks at how the world’s extensive network of existing LNG infrastructure can be made ammonia-ready, helping to facilitate safe, efficient transport while elevating ammonia’s role in the global energy trade.

In the free download, Black & Veatch explores how LNG and gas power plant owners and developers would be well-served to begin preparing now for their LNG receiving terminals and storage facilities to become ammonia-ready. By providing information on how to convert existing LNG import terminals and storage tanks to receive liquefied ammonia, the eBook offers a comprehensive look at storing and transporting ammonia, providing LNG and gas power plant owners and developers with a path forward to deliver on the promise of this versatile energy source.

“Decarbonizing our global economy will require a united effort, but new advances in technology are already reducing our reliance on fossil fuels for heating, transport, production of green chemicals, fertilizer, electricity generation and energy storage,” said Hoe Wai Cheong, president of Black & Veatch’s oil and gas business. “The supply chain for ammonia is currently underway, and now is the time to consider using the world’s extensive LNG infrastructure – its LNG receiving terminals and storage facilities – to facilitate the safe, efficient shipping of ammonia. Ammonia-ready storage and transportation infrastructure will be a catalyst for making ammonia a key player in the zero-carbon energy landscape.”

Editor’s Notes:

• Download your free copy of Hybrid LNG & Ammonia Infrastructure: Key to a Green Economy today.
• An industry leader in ammonia-related projects, Black & Veatch recently announced that it has joined the Ammonia Energy Association (AEA) trade association, which advocates for decarbonized ammonia production and new markets in fuel and energy applications.
• Learn more about Black & Veatch’s role in the hydrogen revolution eBook.

About Black & Veatch

Black & Veatch is an employee-owned engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people in over 100 countries by addressing the resilience and reliability of our world's most important infrastructure assets. Our revenues in 2019 were US$3.7 billion. Follow us on www.bv.com and on social media.

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COLUMBUS, Ohio--(BUSINESS WIRE)--The 2020 American Geophysical Union Fall Meeting will include a feature presentation from Battelle Chief Scientist Mike Kuhlman, National Ecological Observatory Network (NEON) Chief Scientist and Observatory Director Paula Mabee, Battelle Senior Project Manager Tom Hutchings, and Systems Integration Specialist Nicolas Romano.

Their presentation will review several Battelle research infrastructure projects and partnerships. The main focus is on case studies involving collecting Arctic data; launching a stratospheric research balloon; and how NEON data is driving novel research in the areas of earth science and STEM education, and highlighting what Battelle now makes possible. The presentation will air Dec. 10 from 10:30- 11:15 AM PST, with a live Q&A session. Learn more about Battelle’s presence at AGU here.

NEON, a continental-scale ecological observation facility fully funded by the National Science Foundation and operated by Battelle, collects and provides open data and samples from field sites across the United States to characterize and quantify how our nation's ecosystems are changing. Among several other NEON-led talks and events, ecologists Samantha Weintraub and Robert Lee will submit an invited talk and answer live questions on the continental scale of soil nitrogen pools and transformations. Information on other events with NEON staff participation can be found here.

Two sessions related to work with NASA Earth Sciences will also feature Battelle researchers:

• SY051-05 Aligning NASA Data Resources with the Needs of Electric Utilities
• SY009-02 - Earth Observations for Air Quality and Energy Management: Best Practices for User-Driven Capacity Development

The AGU20 Fall Meeting will be one of the world's largest virtual scientific conferences. It is scheduled from Dec. 1-17 to accommodate over a thousand hours of virtual content. Scientific program content will be available on-demand, with pre-recorded oral presentations and virtual posters available for attendees to view and peruse outside of the scheduled live Q&A sessions during the meeting.

About Battelle

Every day, the people of Battelle apply science and technology to solving what matters most. At major technology centers and national laboratories around the world, Battelle conducts research and development, designs and manufactures products, and delivers critical services for government and commercial customers. Headquartered in Columbus, Ohio since its founding in 1929, Battelle makes the world better by commercializing technology, giving back to our communities, and supporting science, technology, engineering and mathematics (STEM) education. For more information, visit www.battelle.org.

Media Contacts
For more information contact Katy Delaney at (614) 424-7208 or at This email address is being protected from spambots. You need JavaScript enabled to view it. or contact T.R. Massey at (614) 424-5544 or at This email address is being protected from spambots. You need JavaScript enabled to view it..

SCHENECTADY, N.Y.--(BUSINESS WIRE)--Distributed Solar Development (DSD) has acquired a three-project, 17 MW community solar portfolio from Source Renewables, a New York State developer focused on community solar assets. The three projects, one of which includes solar and storage, were developed by Source Renewables from greenfield, and are expected to reach commercial operation next summer.

“DSD was drawn to the Source Renewables team by their focused and disciplined approach to solar development, unique entrepreneurial strategy, and capability for managing community solar assets once operational,” says Lauren Craft, Director of Asset Acquisitions at DSD. “We’re looking forward to seeing more projects from the 85 MW pipeline that Source Renewables has under development.”

The three projects are slated to proceed with installation this winter, with Utah-based Mill Creek Engineering engaged for engineering, procurement, and construction. The portfolio comprises three separate New York State properties in Chautauqua, Oswego, and St. Lawrence Counties. The Oswego County site is bolstered by up to 8,000 kWh of energy storage service (ESS).

“We worked hard to ensure these projects earned the support of their respective communities, and DSD’s resources and talent will add to their long-term value,” says Andrew Day, Partner at Source Renewables. “We’re looking forward to partnering on these projects and potentially others in the future.”

The project is supported by state funds and incentives from the New York State Energy Development and Research Authority (NYSERDA), including the VDER (Value of Distributed Energy Resources), and MW Block and BESS (Battery Energy Storage System) incentive programs.

“These programs are invaluable as we partner to bring clean and reliable renewable energy online across New York State,” says Craft. “This will lead to savings and benefits across these communities for years to come.”

Source Power Company, a community solar customer management platform, is managing the subscription and ongoing customer relationships for the projects. Potential customers interested in participating can join by visiting sourcepowerco.com.

About Distributed Solar Development

Distributed Solar Development (DSD) is transforming the way organizations harness clean energy. With unparalleled capabilities including development, structured financing, project acquisition and long-term asset ownership, DSD creates significant value for our commercial, industrial and municipal customers and partners. Backed by world-leading financial partners like BlackRock Real Assets and rooted in our founding at GE with a 120+ year legacy of innovation, our team brings a distinct combination of ingenuity, rigor, and accountability to every project we manage, acquire, own and maintain. To learn more, visit dsdrenewables.com. Connect with us on LinkedIn and Twitter.

About Source Renewables

Source Renewables is a vertically-integrated renewable energy company focused on the development and financing of distributed solar generation and energy storage projects throughout New York. Source Renewables’ subsidiary, Source Power Company is a regulated Energy Service Company and Distributed Energy Resource Supplier. Source pairs retail energy supply with customer management for community distributed generation projects. Source’s innovative approach provides savings for retail customers and enhances returns for its development partners. Source’s unique and creative solutions will help New York meet its renewable energy goals to reduce the local effects of climate change.

Media
Meghan Gainer
Head of Marketing & Communications, Distributed Solar Development
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Cassie Olszewski
Gregory FCA for Distributed Solar Development
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Peter Turner
VP Marketing, Source Renewables
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NEWPORT BEACH, Calif.--(BUSINESS WIRE)--$AP #Acquisition--DPW Holdings, Inc. (NYSE American: DPW) a diversified holding company (“DPW,” or the “Company”) announced that its global defense business, Gresham Worldwide, Inc. (“Gresham Worldwide”), has acquired Relec Electronics Ltd. (“Relec”), based in England. The transaction was structured as a stock purchase under which Gresham Worldwide paid approximately $4,000,000 with additional contingent cash payments up to approximately $665,000 based on Relec’s future financial performance. The transaction closed today.

Relec, established in 1978, is an English supplier of power conversion and display technology products in the industrial, rail transportation and emerging electronic markets. Gresham Worldwide’s English subsidiary, Gresham Power Electronics, has been designing and manufacturing highly reliable power electronics for naval and industrial markets for more than fifty years. The acquisition of Relec enhances Gresham Worldwide’s presence in the U.K. and Europe and considerably broadens its product portfolio, including high-quality power conversion and display product offerings. This strategic business combination provides Relec opportunities to offer value-added services to its blue-chip customer base, while enabling Gresham Power Electronics to expand into rail and other industrial markets.

The acquisition is expected to be immediately accretive and includes approximately $1.2 million of net tangible assets. Relec recorded revenue of approximately $7 million and, excluding one-time discretionary items, adjusted pretax income of approximately $1.1 million for its fiscal year ended February 29, 2020. Like many other companies across the globe, the COVID-19 pandemic has put downward pressure on Relec’s financial results since March 2020, which resulted in an approximate 20% decrease in revenue for the six months ended August 31, 2020. However, based upon a strong backlog of orders and Relec’s exceptional customer relationships, the Company believes the recent decrease in revenue will be short-lived and that, beginning in 2021, Relec will be well positioned for solid, long-term financial performance.

Gresham Power Electronics and Relec will continue to operate as stand-alone businesses, though they have established a joint management committee. Peter Lappin, Managing Director and the Relec management team will remain as employees of Relec at least throughout the earnout period.

Jonathan Read, Gresham Worldwide’s CEO, stated, “This combination provides a great opportunity for Relec and Gresham Worldwide to benefit from the strengths of each organization. We are thrilled that Peter Lappin and the Relec team will bring to Gresham Worldwide the technical expertise, customer focus, quality products and commitment to outstanding service that enabled them build such a successful business.”

“Teaming these operations significantly increases the Gresham Worldwide footprint the UK and Europe while broadening its technology portfolio with high-quality power conversion and display product offerings,” said Karen Jay, Managing Director at Gresham Power Electronics Ltd “The combination of Relec with Gresham Power provides scale, technical capabilities, and technology solution offerings to drive growth in the UK and Europe.”

Peter Lappin said, “Everyone at Relec is looking forward to becoming part of the Gresham Worldwide group. Joining forces will provide Relec with additional resources to offer more value-added services to our blue-chip customer base while increasing sales coverage and market reach for our innovative supply chain partners. Working with other Gresham Worldwide companies will also create opportunities for Relec to increase sales of its innovative power and display technology solutions into defense, marine, aerospace and telecommunications markets.”

“We are very excited about the acquisition of Relec Electronics as it provides new top-line revenue, a talented team and clear synergies with Gresham Worldwide,” said Milton “Todd” Ault, III, the Company’s CEO and Chairman.

For more information on DPW and its subsidiaries, the Company recommends that stockholders, investors and any other interested parties read the Company’s public filings and press releases available under the Investor Relations section at www.DPWHoldings.com or available at www.sec.gov.

About DPW Holdings, Inc.

DPW Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, the Company provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, telecommunications, medical, and textiles. In addition, the Company extends credit to select entrepreneurial businesses through a licensed lending subsidiary. DPW’s headquarters are located at 201 Shipyard Way, Suite E, Newport Beach, CA 92663; www.DPWHoldings.com.

About Gresham Worldwide

Gresham Worldwide, Inc. is a provider of high-quality, ultra-reliable bespoke technology solutions for mission-critical applications in the defense, medical and telecommunications verticals. The four component companies under the leadership of CEO, Jonathan Read, are Microphase Corporation, Enertec Systems 2001 Ltd., Gresham Power Electronics Ltd. and Relec Electronics Ltd. Each has decades of experience serving global defense and technology markets. Gresham Worldwide operates with a global footprint with headquarters in Phoenix, Arizona, an office in Washington D.C. and design and operations centers in Shelton, Connecticut, Salisbury, U.K., Wareham, U.K. and Karmiel, Israel.

About Relec

Relec Electronics Ltd was established in 1978 with the aim of providing specialist power conversion and display products to support professionals in the electronics industry. Relec’s aerospace background means it consistently and meticulously delivers high performance and robust power and display solutions. Relec exerts its utmost effort to customize a product or a feature to achieve optimum performance and service delivery. Relec continues to be guided by this philosophy and currently operates in specific fields, specializing in AC-DC Power Supplies, DC-DC Converters, Displays and EMC Filters.

Forward-Looking Statements

This press release contains “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.DPWHoldings.com.

This email address is being protected from spambots. You need JavaScript enabled to view it. or 1-888-753-2235

CHICAGO--(BUSINESS WIRE)--ADM (NYSE: ADM) will present at the BMO 2020 Growth & ESG Conference on Wednesday, Dec. 9. Chief Financial Officer Ray Young and Chief Sustainability Officer Alison Taylor will conduct a fireside chat at 12 p.m. Central Time, and Ken Campbell, president, North America Oils and Biodiesel, will participate in a panel discussion on renewable gasoline and diesel at 8 a.m. Central Time.

Both presentations will be webcast live at www.adm.com/webcast. Replays will also be available for a limited time on www.adm.com/webcast.

About ADM

At ADM, we unlock the power of nature to provide access to nutrition worldwide. With industry-advancing innovations, a complete portfolio of ingredients and solutions to meet any taste, and a commitment to sustainability, we give customers an edge in solving the nutritional challenges of today and tomorrow. We’re a global leader in human and animal nutrition and the world’s premier agricultural origination and processing company. Our breadth, depth, insights, facilities and logistical expertise give us unparalleled capabilities to meet needs for food, beverages, health and wellness, and more. From the seed of the idea to the outcome of the solution, we enrich the quality of life the world over. Learn more at www.adm.com.

Source: Corporate release

ADM Media Relations
Jackie Anderson
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312-634-8484

SAN JOSE, Calif.--(BUSINESS WIRE)--Bloom Energy (NYSE: BE) announced that KR Sridhar, founder, chairman and chief executive officer, along with other members of the executive leadership team will outline the details of its comprehensive strategy to drive sustainable growth and shareholder value at its Virtual Analyst Day on Wednesday, December 16, 2020, at 11:00 a.m. ET/ 8:00 a.m. PT.

The event will include a live video Q&A with members of Bloom Energy’s executive leadership team. Questions may also be submitted in advance by emailing This email address is being protected from spambots. You need JavaScript enabled to view it..

A live webcast, including video, audio and presentation slides, will be accessible on https://investor.bloomenergy.com/. Interested parties unable to watch the live webcast will be able to watch and listen to an archived copy of the event, which will be available on Bloom Energy’s website following the conclusion of the event.

To register, please visit: https://event.on24.com/wcc/r/2866457/DD861A80957E1DCED4629485B6A2C997

About Bloom Energy

Bloom Energy’s mission is to make clean, reliable energy affordable for everyone in the world. The company’s product, the Bloom Energy Server, delivers highly reliable and resilient, always-on electric power that is clean, cost-effective, and ideal for microgrid applications. Bloom’s customers include many Fortune 100 companies and leaders in manufacturing, data centers, healthcare, retail, higher education, utilities, and other industries. For more information, visit www.bloomenergy.com.

Investor Relations:
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Media Relations:
Jennifer Duffourg
Bloom Energy
+1 (480) 341-5464
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RESTON, Va.--(BUSINESS WIRE)--The pandemic is reshaping consumer behaviors and their attitudes toward merchants of all stripes, including fuel and convenience retailers. New data suggests consumer preferences for security, convenience, and more options for pay-at-the-pump impulse purchases will influence where consumers choose to purchase fuel, and how they pay, in the near future.

Transaction Network Services (TNS) commissioned a survey* of US adults to learn consumer attitudes toward and experiences with various pay-at-the-pump opportunities. Data from the resulting report, Exploring the Influence of EMV, Coronavirus and Secure Commerce Options on Consumer Pay-at-the-Pump Adoption, will be the subject of an upcoming webinar offered by TNS and Mercator Advisory Group.

Attendees of the free Dec. 10 webinar can expect to learn insights gleaned from the survey data, including:

• Current pay-at-the-pump adoption levels in 2020, compared against a similar survey by TNS from 2019
• How consumer adoption of pay-at-the-pump facilities has been impacted by the pandemic
• The revenue potential of offering secure commerce options at the pump and standalone kiosks in the forecourt
• The extent to which consumers are actively seeking facilities with EMV chip readers
• The demographics of consumers who are adopting alternative payment methods, such as mobile apps and QR codes

“The results of the survey indicate fuel and convenience retailers must rethink how they engage with consumers and implement the technologies that will safeguard them against a still uncertain future,” said Dan Lyman, Head of Payments Market North America for TNS. “For example, the survey revealed many consumers are looking for the ability to order food and pay for in-store purchases while at the pump. This will require many retailers to upgrade automated fuel dispensers (AFDs) to support these new commerce options.”

Security of payments data is also top of mind for consumers, with the majority of respondents showing a preference for facilities that have an EMV chip reader or are EMV compliant.

“Sixty-five percent of respondents said they prefer to use pay-at-the-pump facilities that are EMV compliant, demonstrating a heightened level of awareness among consumers for what many perceive as an industry issue,” Lyman said. “With the April 2021 liability shift deadline for EMV compliance soon approaching, this is a clear call to action for retailers who have not yet upgraded.”

The webinar will feature Dan Lyman, Head of Payments Market North America for TNS and Tim Sloane, Vice President Payment Innovation of Mercator Advisory Group discussing in detail the report’s findings.

Learn more by registering for the webinar and downloading the complete 2020 report.

*KANTAR commissioned a survey on behalf of Transaction Network Services. The survey interviewed 1,056 US adults and was conducted by online self-completion interviews between October 22^nd – 26^th, 2020 by Kantar. The survey is designed to be nationally representative of adults interviewed and uses a quota sample based on age interlocked within gender and a regional quota. Post fieldwork correctional weighting within age, gender and region has been used to ensure the representativeness of the survey.

About Transaction Network Services:

Transaction Network Services (TNS) is a leading global provider of infrastructure-as-a-service solutions and is committed to delivering these and superior service to the world’s most prestigious payments, financial services and telecommunications companies.

Founded in 1990 in the US and headquartered in Reston, Virginia, TNS has a strong payments heritage and provides managed services in more than 60 countries across the Americas, Europe and the Asia Pacific region. TNS is a Level 1 PCI DSS certified service provider, a member of CONEXXUS, and a global board member of the ATM Industry Association (ATMIA). For more information about TNS and its Payments solutions visit www.tnsi.com or go to our media center for our latest news www.tnsi.com/media-center/

Clare Cockroft
TNS
T: +44 (0)114 292 0163 / +1 703 814 8065
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Or

Harvey Henao
Finn Partners
T: +1 312 766 5501
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MIDLAND, Texas--(BUSINESS WIRE)--Ring Energy, Inc. (NYSE American: REI) (“Ring”) (“Company”) announced today executive management changes effective November 30, 2020.

Ring Energy, Inc. has announced the promotion of Mr. Stephen D. Brooks to Executive Vice President of Land, Legal, Human Resources and Marketing. He will report directly to Paul D. McKinney, Chief Executive Officer and Chairman of the Board. In this new position, Mr. Brooks will be assuming roles previously held by Mr. Matt Garner, who joined Ring Energy, Inc. in 2016 and has served as General Counsel and Vice President of Land for the company. Following the conclusion of a transition period, Mr. Garner will remain in Austin, Texas, where he intends to explore new professional opportunities.

Paul D. McKinney, Chief Executive Officer and Chairman of the Board, commented, “I would like to thank Matt Garner for his commitment and contribution to the Ring Energy Team since joining in 2016. During this time, Matt oversaw the land and legal issues of several strategic acquisitions that were instrumental to the Company’s growth and profitability. We wish him all the best in his future pursuits.” Additionally, Mr. McKinney said, “I would like to thank Steve Brooks for accepting this newly created and expansive role, and I look forward to his leadership helping me integrate and focus all disciplines of the Company on managing costs and improving profitability.”

About Ring Energy, Inc.

Ring Energy, Inc. is an oil and gas exploration, development and production company with current operations in Texas and New Mexico. www.ringenergy.com

Safe Harbor Statement

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements involve a wide variety of risks and uncertainties, and include, without limitations, statements with respect to the Company’s strategy and prospects. Such statements are subject to certain risks and uncertainties which are disclosed in the Company’s reports filed with the SEC, including its Form 10-K for the fiscal year ended December 31, 2019, its Form 10Q for the quarter ended September 30, 2020 and its other filings with the SEC. Readers and investors are cautioned that the Company’s actual results may differ materially from those described in the forward-looking statements due to a number of factors, including, but not limited to, the Company’s ability to acquire productive oil and/or gas properties or to successfully drill and complete oil and/or gas wells on such properties, general economic conditions both domestically and abroad, and the conduct of business by the Company, and other factors that may be more fully described in additional documents set forth by the Company.

David Fowler, President
Ring Energy, Inc.
(432) 682-7464

Bill Parsons
K M Financial, Inc.
(702) 489-4447

DUBLIN--(BUSINESS WIRE)--The "Thermic Fluid Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The market for thermic fluid is expected to register a CAGR of 5% during the forecast period.

The major factor driving the growth of the market is the increasing demand from the oil and gas industry, where thermic fluids are used extensively to carry out the operations. Increasing use in concentrated solar power is anticipated to further propel the thermic fluid market. On the flip side, volatility in the raw material prices and unfavorable conditions arising due to the COVID-19 outbreak are restricting the growth of the market.

The oil and gas industry makes use of thermic fluids to carry out services, such as oil and gas processing, natural gas purification, and asphalt processing and storage, etc., effectively.

The Middle East is projected to have the largest market share of thermic fluids, owing to the enormous oil reserves in the region, which results in the oil and gas industry booming in the region and consequently the market studied.

Key Market Trends

Extensive Demand from the Oil and Gas Sector

The extensive use of thermic fluid in the oil and gas industry is increasing incessantly to cater to the rising energy demand.

• The oil and gas industry carries out major operations, such as oil and gas processing, natural gas purification, refining, gas to liquid, asphalt processing and storage, etc., with the use of thermal fluid.
• Everyday worldwide interest for the raw petroleum (counting biofuels) is on the ascent, and it is forecasted to cross 100 million barrels per day mark by the end of 2020.
• The prospectus for the future development of the oil and gas business recommends that oil exploration will proceed to develop in long term, and at the same time, the utilization of thermic fluids. Moreover, more penetration must be done per unit of oil, as hydrocarbon discoveries become less productive with time.
• All the aforementioned factors are expected to drive the thermic fluid market during the forecast period.

The Middle East to be the Largest Market for Thermic Fluid

The Middle Eastern region holds a prominent share in the thermic fluid market globally, because of the presence of the main oil-creating countries of the world, like Saudi Arabia, Iran, Iraq, Kuwait, and the United Arab Emirates.

• It was assessed that among OPEC's total oil holds, the greater part is held by the Middle Eastern countries. The proven oil reserves of the region were valued at about 113.2 billion metric ton.
• Furthermore, it is estimated that the Middle East creates around 33% of the total world's oil production, which was approximately 32 million barrels of oil each day in 2019.
• The global oil demand is evaluated to be around 99 million barrels each day. This may fuel the demand from the oil and gas business of the Middle Eastern nations, and thus, the utilization of thermic fluid in the industry.
• Thus, the rising demand from various industries is expected to drive the market studied in the region during the forecast period.

Competitive Landscape

The thermic fluid market is partially fragmented. Some of the players in the market include Eastman Chemical Company, Exxon Mobil Corporation, Royal Dutch Shell PLC, HP Lubricants, and BP.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Drivers

4.1.1 Extensive Demand from the Oil and Gas Sector

4.1.2 Increasing Use in Concentrated Solar Power

4.2 Restraints

4.2.1 Fluctuations in Raw Material Prices

4.2.2 Unfavorable Conditions Arising Due to the COVID-19 Outbreak

4.3 Industry Value Chain Analysis

4.4 Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Type

5.1.1 Mineral Oils

5.1.2 Silicon and Aromatics

5.1.3 Glycols

5.1.4 Other Types

5.2 End-user Industry

5.2.1 Food and Beverage

5.2.2 Chemical

5.2.3 Pharmaceutical

5.2.4 Oil and Gas

5.2.5 Concentrated Solar Power

5.2.6 Other End-user Industries

5.3 Geography

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Market Share/Ranking Analysis

6.3 Strategies Adopted by Leading Players

6.4 Company Profiles

6.4.1 BP

6.4.2 Dynalene Inc.

6.4.3 Eastman Chemical Company

6.4.4 Exxon Mobil Corporation

6.4.5 HP Lubricants

6.4.6 Multitherm Llc

6.4.7 Paratherm

6.4.8 Royal Dutch Shell Plc

6.4.9 Thermic Fluids Pvt Ltd

6.4.10 Tulstar Products Inc.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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HOUSTON--(BUSINESS WIRE)--Sunnova Energy International Inc. (“Sunnova”) (NYSE: NOVA) today announced that it has launched an underwritten public offering (the “Offering”) of 7,000,000 shares of Sunnova’s common stock, par value $0.0001 per share (the “common stock”), which consists of 3,500,000 shares of common stock offered by Sunnova and 3,500,000 shares of common stock offered by a fund affiliated with Newlight Partners (the “Selling Stockholder”).

Sunnova intends to grant the underwriters a 30-day option to purchase an additional 525,000 shares of common stock, and the Selling Stockholder intends to grant the underwriters a 30-day option to purchase an additional 525,000 shares of common stock.

Goldman Sachs & Co. LLC, BofA Securities, J.P. Morgan and Credit Suisse are acting as joint book-running managers of the Offering.

Sunnova has filed a shelf registration statement on Form S-3 relating to the Offering (including a prospectus) with the Securities and Exchange Commission (the “SEC”) that has become effective. The shares will be issued and sold pursuant to such effective registration statement. A preliminary prospectus supplement relating to the Offering will also be filed with the SEC. Before you invest, you should read the prospectus, the preliminary prospectus supplement and other documents that Sunnova may file with the SEC for more complete information about Sunnova and this Offering. A copy of the preliminary prospectus supplement relating to the Offering, when available, may be obtained from Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, Telephone: 1-866-471-2526, Facsimile: 212-902-9316, Email: This email address is being protected from spambots. You need JavaScript enabled to view it.; BofA Securities, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attention: Prospectus Department or by email at This email address is being protected from spambots. You need JavaScript enabled to view it.; J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone 1-866-803-9204 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it.; and Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, 6933 Louis Stephens Drive, Morrisville, NC 27560, by calling 1-800-221-1037, or by emailing This email address is being protected from spambots. You need JavaScript enabled to view it..

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, 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 SUNNOVA

Sunnova Energy International Inc. (NYSE: NOVA) is a leading residential solar and energy storage service provider, with customers across the U.S. and its territories. Sunnova's goal is to be the source of clean, affordable and reliable energy, with a simple mission: to power energy independence so that homeowners have the freedom to live life uninterrupted™.

FORWARD LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or Sunnova's future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expect," "plan," "anticipate," "going to," "could," "intend," "target," "project," "contemplates," "believe," "estimate," "predict," "potential" or "continue" or the negative of these words or other similar terms or expressions that concern Sunnova's expectations, strategy, priorities, plans or intentions. Forward-looking statements in this release include, but are not limited to, statements regarding the conduct of the Offering and the size and terms of the Offering. Sunnova's expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including risks regarding our ability to forecast our business due to our limited operating history, the effects of the coronavirus pandemic on our business and operations, results of operations and financial position, our competition, fluctuations in the solar and home-building markets, availability of capital, our ability to attract and retain dealers and customers and our dealer and strategic partner relationships. The forward-looking statements contained in this release are also subject to other risks and uncertainties, including those more fully described in Sunnova's filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2019, our Quarterly Reports on Form 10-Q for the quarters ended March 31, June 30 and September 30, 2020 and in the registration statement on Form S-3 filed with the SEC. The forward-looking statements in this release are based on information available to Sunnova as of the date hereof, and Sunnova disclaims any obligation to update any forward-looking statements, except as required by law.

INVESTOR AND ANALYST CONTACT

Rodney McMahan
Sunnova Energy International Inc.
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(281) 971-3323

PRESS AND MEDIA CONTACT

Kelsey Hultberg
Sunnova Energy International Inc.
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DUBLIN--(BUSINESS WIRE)--The "Electronic Gases Including Ne & Xe" report has been added to ResearchAndMarkets.com's offering.

This report provides focused information for supply-chain managers, process integration and R&D directors, as well as business development and financial analysts

It also covers information about key suppliers, issues/trends in the material supply chain, estimates on supplier market share, and forecast for the material segments.

Companies Mentioned

• Dupont
• Electronic Fluorocarbons LLC
• Gas Innovations
• Hangzhou Fortune
• Hyosung Corporation
• Kaimeite
• Kanto Denka Kogyo
• Linde
• Linggas Limited
• Messer Group
• Niacet
• Numat
• Peric-718, the 17Th Institute of China Ship Building Industry Company (Csic)
• Praxair
• Showa Denko K.K.
• Sk Materials
• Spec Gas International Holdings (Sgih)
• Sumitomo Seika Chemicals Co. Ltd.
• Taiyo Nippon Sanso Corp.
• Versum Materials/Merck
• Wonik Materials Co. Ltd.
• Yingde Gases

Key Topics Covered:

1 Executive Summary

2 Scope, Purpose and Methodology

3 Semiconductor Industry Market Outlook

3.1 Semiconductor Industry Market Status & Outlook

3.2 Worldwide Economy

3.2.1 Semiconductor Industries Ties to the Global Economy

3.2.2 Semiconductor Sales Trends

3.3 Electronic Goods Market

3.3.1 Smartphones

3.3.2 Automotive

3.3.3 Servers/It

3.3.4 Pcs/Tablets

3.4 Semiconductor Industry Forecasts

3.4.1 Semiconductor Units Growth Forecast

3.4.2 Equipment Spending and Fab and Capital Investments

3.4.3 Overall China Market Trends

3.4.4 Wafer Start Forecast

3.5 Semiconductor Industry Market Outlook Summary

3.6 Industrial Gas Market

3.6.1 Industrial Gas Market 2019

3.6.2 Reported Revenue by Gas/Chemical Companies

3.6.3 Changes and Shifts in the Industrial Gas Market

3.6.4 Versum Materials Take Over by Merck

3.6.5 M&A Activities

4 Electronic Gases Trends

4.1 Fab Material Supply/Demand

4.1.1 Electronic Gases Market Size and Growth

4.1.2 Helium - Supply and Demand

4.1.3 Neon - Supply and Demand

4.1.4 Xenon & Crypton Supply and Demand

4.1.5 Wf6 & Nf3 Demand Drivers

4.2 Raw Material Shortages and Supply Chain Constraints

4.2.1 Helium

4.2.2 Nf3

4.3.3 Tungsten

4.3 Technical Drivers/Material Changes and Transitions

4.3.1 Wafer Start Forecast and Leading Edge Nodes

4.3.2 Leading Edge Logic

4.3.3 Memory - Dram & 3Dnand

4.3.4 Gases Used in Flat Panel Display (FPD)

4.4 Comment on Regional Trends/Drivers

4.4.1 Europe

4.4.2 North America

4.4.3 Asia

4.5 Ehs and Logistic Issues (And If Relevant, Packaging Issues)

4.5.1 Greenhouse Gases

4.5.2 Fluorinate Gas Regulations

4.5.3 Gwp Use, Control & Mitigation

5 Supplier Market Landscape

5.1 M&A Activity

5.1.1 Changes and Shifts Int the Industrial Gas Market

5.1.2 Versum Take Over by Merck

5.1.3 Acquisitions

5.2 New Plants and New Entrants

5.2.1 Asu Plants - USA

5.2.2 Recent Asu Announcements

5.2.3 Air Products Major Projects

5.2.4 Helium Projects

5.3 Plant Closures and Product Discontinuations

5.3.1 Plant Closures and Product Discontinuations

5.3.2 Reported Accidents

5.4 New Entrants

5.5 Suppliers or Parts/Product Line That are at Risk of Discontinuations

5.6 Pricing Trends

5.7 Market Size and Forecast

5.7.1 Industrial Gas Market 2019

5.7.2 Electronic Gas Market Size and Growth

6 Sub Tier Material Supply Chain

6.1 Raw Material Sources

6.1.1 Supplier List, Financials & Profiles

6.2 Raw Supply Chain Disruptions

6.3 Raw Material Pricing Trends

6.3.1 Tungsten Mineral (Apt)

6.3.2 Crude Helium

7 Electronic Gases Shared by Multiple Industries

7.1 Gases Used by Multiple Industries

7.1.1 Specialty Gas Industry Matix

7.1.2 Gases Used for Semiconductor Device Manufacturing

7.1.3 Gases Used in the Display Industry

7.2 Supplier Listing by Gas Type

For more information about this report visit https://www.researchandmarkets.com/r/ey8sxk

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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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

HOUSTON--(BUSINESS WIRE)--$HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) announced today that Jonathan Stein, Chief Financial Officer, and Jennifer Gordon, Vice President, Investor Relations, will meet with investors on December 8, 2020 at the Wells Fargo Virtual Midstream and Utility Symposium.

A presentation has been posted in the “Investors” section of the Hess Midstream website at www.hessmidstream.com.

About Hess Midstream

Hess Midstream is a fee-based, growth-oriented, midstream company that owns, operates, develops and acquires a diverse set of midstream assets to provide services to Hess 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.

Forward Looking Statements

This press release may include forward-looking statements within the meaning of the federal securities laws. Generally, the words “anticipate,” “estimate,” “expect,” “forecast,” “guidance,” “could,” “may,” “should,” “believe,” “intend,” “project,” “plan,” “predict,” “will” and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results and current projections or expectations. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the filings made by Hess Midstream with the U.S. Securities and Exchange Commission, which are available to the public. Hess Midstream undertakes no obligation to, and does not intend to, update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

Investor Contact:
Jennifer Gordon
(212) 536-8244

Media Contact:
Robert Young
(713) 496-6076

The global energy technology company and the Swedish technology company SaltX are partnering to upscale a new solution that can store ten times more heat energy with the same footprint compared to the conventional hot water storages.

STOCKHOLM--(BUSINESS WIRE)--One of the largest obstacles in using renewable energy efficiently is the possibility to store energy on a large scale. SaltX Technology AB has partnered with Sumitomo SHI FW (SFW) to solve this in terms of heat energy.

"The storage solution is like a "salt battery". It is based on a basic chemical process with a very common material, calcium oxide produced from limestone, with enhanced properties by our nanocoating process", explains Carl-Johan Linér, CEO of SaltX.

Simplified, when calcium oxide reacts with water, it turns into calcium hydroxide and releases heat. Respectively, when calcium hydroxide is dried, it absorbs heat.

SFW has designed a fluidized bed pilot reactor, which serves as the point of discharge, where the salt releases the heat. The new 100 kW reactor in SaltX's new testing installation in Sweden, near Stockholm, combines the performance of SaltX's patented nanocoated salt with SFW's fluidized bed technology.

"SFW's technology has huge potential to take the salt battery solution to the next, commercial level in terms of size, with high efficiency. Our reactor can mix the salt and the water vapour very effectively, which makes it superior compared to other technologies especially in very large-scale applications.", emphasizes Timo Jäntti, SVP Technology and R&D at SFW.

The pilot will be commissioned at the beginning of 2021. As the next step, SaltX intends to further scale-up to discharge 1 MW of thermal power in a demonstration project.

About Sumitomo SHI FW

Sumitomo SHI FW (SFW) is a global, innovative provider of energy and environmental technologies and services focusing on high efficiency and flexible generation of energy. We strive to provide sustainable energy solutions for a wide portfolio of customer needs in the fields of power generation, storage and network services. www.shi-fw.com

About SaltX Technology

SaltX Technology AB develops and sells a patented energy storage technology based on nanocoated salt. The Company collaborates with partners such as Spanish INERCO ITC and Chinese Shuangliang Boilers. SaltX Technology's shares are listed on the Nasdaq First North Premier Growth Market. www.saltxtechnology.com.

Media Contact:
Mariana Carvalho
+358 40 575 2302
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NEW YORK--(BUSINESS WIRE)--Goldman Sachs MLP and Energy Renaissance Fund (the “Fund”) (NYSE:GER) is announcing its quarterly distribution of $0.155 per common share.¹ The distribution is payable on the date noted below.

The distribution schedule is as follows:

Ex-Date: November 20, 2020
Record Date: November 23, 2020
Payable Date: November 30, 2020
Amount: $0.155 per share

It is currently anticipated that a portion of this distribution will be treated for tax purposes as a return of capital, however, the final characterization of such distribution will be made in early 2021 when the Fund can determine its earnings and profits for the full year. The final tax status of the distribution may differ substantially from this preliminary information.

In addition, portfolio holdings as of September 30, 2020, as well as additional information regarding the Fund, can be accessed through the GSAM Closed-End Fund landing page at www.GSAMFUNDS.com/cef.

Goldman Sachs MLP and Energy Renaissance Fund

Goldman Sachs MLP and Energy Renaissance Fund is a non-diversified, closed-end management investment company managed by Goldman Sachs Asset Management’s (“GSAM’s”) Energy & Infrastructure Team, which is among the industry’s largest MLP investment groups. The Fund began trading on the NYSE on September 26, 2014. The reorganization of the Goldman Sachs MLP Income Opportunities Fund with and into the Fund was completed on September 28, 2020. The investment objective, strategies and restrictions of the Fund remain unchanged. The Fund seeks a high level of total return with an emphasis on current distributions to shareholders. The Fund invests primarily in master limited partnerships (“MLPs”) and other energy investments. The Fund currently expects to concentrate its investments in the energy sector, with an emphasis on midstream MLP investments. The Fund invests across the energy value chain, including upstream, midstream and downstream investments.

About Goldman Sachs Asset Management, L.P.

GSAM is the asset management arm of The Goldman Sachs Group, Inc. (NYSE:GS) and supervises $1.86 trillion as of September 30, 2020.² GSAM has been providing discretionary investment advisory services since 1988 and has investment professionals in all major financial centers around the world. The company offers investment strategies across a broad range of asset classes to institutional and individual clients globally. Founded in 1869, Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals.

Disclosures

Shares of closed-end investment companies frequently trade at a discount from their net asset value (“NAV”), which may increase investors’ risk of loss. At the time of sale, an investor’s shares may have a market price that is above or below NAV, and may be worth more or less than the original investment. There is no assurance that the Fund will meet its investment objective. Past performance does not guarantee future results. Investments in securities of MLPs involve risks that differ from investments in common stock, including among others risks related to limited control and limited rights to vote on matters affecting MLPs, potential conflicts of interest risk, cash flow risks, dilution risks and trading risks.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any security. The Fund has completed its initial public offering. Investors should consider their investment goals, time horizons and risk tolerance before investing in the Fund. An investment in the Fund is not appropriate for all investors, and the Fund is not intended to be a complete investment program. Investors should carefully review and consider the Fund’s investment objective, risks, charges and expenses before investing.

Compliance Code: 221485-OTU

Date of First Use: November 13, 2020

________________
¹ The Fund effected a 9-for-1 reverse share split on April 13, 2020.
² Assets Under Supervision (AUS) includes assets under management and other client assets for which Goldman Sachs does not have full discretion.

Media:
Patrick Scanlan
212-902-6164

Investors:
Charles Sturges
212-902-7996

DUBLIN--(BUSINESS WIRE)--The "Solar Cable - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to the 7th edition of this report. The 479-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Solar Cable Market to Reach $2.1 Billion by 2027

Amid the COVID-19 crisis, the global market for Solar Cable estimated at US$909.7 Million in the year 2020, is projected to reach a revised size of US$2.1 Billion by 2027, growing at a CAGR of 12.9% over the period 2020-2027.

Copper, one of the segments analyzed in the report, is projected to record 13.7% CAGR and reach US$1.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Aluminum Alloy segment is readjusted to a revised 11% CAGR for the next 7-year period.

The U.S. Market is Estimated at $245.2 Million, While China is Forecast to Grow at 16.9% CAGR

The Solar Cable market in the U.S. is estimated at US$245.2 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$474.3 Million by the year 2027 trailing a CAGR of 16.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9% and 11.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.1% CAGR.

Competitors identified in this market include, among others:

• Allied Wire & Cable, Inc.
• Atkore International
• General Cable Corporation
• Havells India Ltd.
• HUBER+SUHNER AG
• Lapp Group North America
• Lumber Connect GmbH
• Prysmian Group
• Renesola Zhejiang Ltd.
• RR Kabel Ltd.
• Taiyo Cabletec Corporation

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Global Competitor Market Shares
• Solar Cable Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

• Total Companies Profiled: 56

For more information about this report visit https://www.researchandmarkets.com/r/a9ej87

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

• Capital and exploration investments of $16-$19 billion in 2021; $20 billion to $25 billion annually to 2025
• Near-term investment priorities: Guyana, Permian, Brazil, Chemicals performance products
• Certain dry gas assets removed from development plan; after-tax impairment of $17 billion to $20 billion
• Commitment to cost reduction, reliable dividend remains unchanged

IRVING, Texas--(BUSINESS WIRE)--ExxonMobil has completed a review of its forward business plans and will prioritize near-term capital spending on advantaged assets with the highest potential future value, including developments in Guyana and the U.S. Permian Basin, targeted exploration in Brazil and Chemicals projects to grow high-value performance products.

“Recent exploration success and reductions in development costs of strategic investments have further enhanced the value of our industry-leading investment portfolio,” said Darren Woods, chairman and chief executive officer for Exxon Mobil Corporation. “Continued emphasis on high-grading the asset base - through exploration, divestment and prioritization of advantaged development opportunities - will improve earnings power and cash generation, and rebuild balance sheet capacity to manage future commodity price cycles while working to maintain a reliable dividend.”

The company said its annual business plan focused on the following priorities and actions:

• Leveraging the significant cost savings realized in 2020 that are on track to exceed announced reductions of $10 billion or 30 percent of capital spending and 15 percent of cash operating expenses. Key to ongoing expense management are business line reorganizations and efficiencies that include global workforce reduction of 15 percent by year-end 2021.
• Continued pacing of investments. The company expects $16 billion to $19 billion in capital and exploration expenditures in 2021, and $20 billion to $25 billion annually through 2025.
• Preserving the long-term value of the company’s investment portfolio by offsetting costs associated with project delays. The company plans to double earnings by 2027, when viewed on the same price and margin assumptions used in the 2020 Investor Day materials.
• Removal of less strategic assets from its development plan as a result of the growing strength of its portfolio. Assets removed include certain dry gas resources in the Appalachian and Rocky Mountains, Oklahoma, Texas, Louisiana and Arkansas in the United States, and in western Canada and Argentina. The decision will result in a non-cash, after-tax fourth quarter impairment charge of approximately $17 billion to $20 billion.
• Increased focus on monetization of less strategic assets to grow the portfolio of potential divestments, including certain North American dry gas assets, contingent on buyer valuations.

Woods said the business environment in the fourth quarter is showing signs of improvement despite the resurgence in COVID-19 cases and accompanying economic restrictions.

“Prices and margins for many of our businesses have improved from the third quarter and when coupled with continuing efforts to reduce spending and capture additional efficiencies, quarter-to-date cash flow has improved versus our plan assumptions,” he said.

About ExxonMobil

ExxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world. To learn more, visit exxonmobil.com and the Energy Factor.

Follow us on Twitter and LinkedIn.

Cautionary Statement

Statements related to outlooks, projections, goals, accounting estimates, descriptions of strategic plans and objectives, and other statements of future events or conditions are forward-looking statements. Actual future results, including financial and operating performance; future earnings growth; the impact of the COVID-19 pandemic on results; planned capital and cash operating expenses for future years and the ability to meet or exceed announced reductions against prior plans; total capital expenditures and mix; cash flow; capital allocation and debt levels; dividend and shareholder returns; business and project plans, timing, costs and capacities; accounting and financial reporting effects, including potential impairment charges resulting from changes in current development plan strategy or divestment plans; and the pace and outcome of divestments, could differ materially due to a number of factors. These include global or regional changes in the supply and demand for oil, natural gas, petrochemicals, and feedstocks and other market conditions that impact prices and differentials; the outcome of government policies and actions, including actions taken to address COVID-19 and to maintain the functioning of national and global economies and markets; the impact of company actions to protect the health and safety of employees, vendors, customers, and communities; the severity, length and ultimate impact of COVID-19 on people and economies, including the nature and pace of economic recovery as well as the ability of ExxonMobil and its vendors and contractors to maintain operations while taking appropriate health protective measures for employees and others; reservoir performance; the outcome of exploration projects and timely completion of development and construction projects; changes in law, taxes, or regulation including environmental regulations, and timely granting of governmental permits; war, trade agreements and patterns, shipping blockades or harassment, and other political or security disturbances; opportunities for and regulatory approval of potential investments or divestments; the capture of efficiencies within and between business lines and the ability to maintain near-term cost reductions as ongoing efficiencies while maintaining future competitive positioning; general economic conditions including the occurrence and duration of economic recessions; and other factors discussed under the heading Factors Affecting Future Results on the Investors page of our website at www.exxonmobil.com and in Item 1A of ExxonMobil’s 2019 Form 10-K and subsequent Forms 10-Q for the quarters ended March 31, 2020, June 30, 2020, and September 30, 2020. Statements regarding plans or potential outcomes for the fourth quarter 2020 and for 2021 through 2027 remain subject to final assessments and analysis based on the company plan approved by the Board of Directors in November 2020. We assume no duty to update these statements as of any future date.

Forward-looking statements contained in this release regarding the potential for future earnings growth potential are not forecasts of actual future results. These figures are provided to help quantify the potential future results and goals of currently-contemplated management plans and objectives including planned project investments, plans to grow Upstream production volumes, plans to increase sales in our Downstream and Chemical segments and to shift our Downstream product mix toward higher-value products, continued highgrading of ExxonMobil’s portfolio through our ongoing asset management program, initiatives to improve efficiencies and reduce costs, capital expenditures and cash management, and other efforts within management’s control to impact future results. These figures are intended to quantify for illustrative purposes management’s view of the potentials for these efforts and the potential to achieve these results subject to a timeframe of 2027 in comparison to the 2025 time frame previously communicated at our 2020 Investor Day as a result of the impacts of COVID and related events. These prices are not intended to reflect management’s forecasts for future prices or the prices we use for internal planning purposes. The reference to the potential for doubling of earnings by 2027 is in comparison to 2017 adjusted earnings, i.e., reported earnings of $19.7 billion excluding the effects of U.S. tax reform and impairments resulting in adjusted 2017 earnings of $15.3 billion.

Future growth potential as presented at the company’s 2020 Investor Day was based on pre-COVID assumptions including $60 real prices for Brent crude, $3/mbtu Henry Hub prices for natural gas, and historical Downstream and Chemical margins over the 2015-2019 time period, and no significant changes in applicable laws or regulations or fiscal terms vs the environment at that time. Updated assumptions supporting the company’s future view of growth potential will be discussed at the company’s next Investor Day scheduled for March 2021.

References to the resource base and other quantities of oil, natural gas or condensate may include estimated amounts that are not yet classified as “proved reserves” under SEC definitions, but which are expected to be ultimately recoverable. The term “project” as used in this report can refer to a variety of different activities and does not necessarily have the same meaning as in any government payment transparency reports.

Media Relations
972-940-6007

DUBLIN--(BUSINESS WIRE)--The "Transformative Trends Driving Economic Diversification in Saudi Arabia, 2025" report has been added to ResearchAndMarkets.com's offering.

The Kingdom of Saudi Arabia (KSA)'s a uniquely difficult position in 2020 stems from the joint impact of a crash in the oil prices and health crisis mitigation lockdowns that has brought its economy to a halt.

How deep and far-reaching can the consequences of such a combination of restraints be for the Kingdom? What opportunities will Saudization, Vision 2030, and COVID-19 create? How can businesses leverage the growth opportunities created in the aftermath of such trends? In this research, the publisher has analyzed the scale of impact of these transformational factors on Saudi Arabia's growth and other vital macroeconomic elements.

The study provides insights in to Saudi Arabia's growth environment and identifies crucial drivers and restraints during these uncertain times. This research is a forward-looking macroeconomic assessment of elements such as trade, diversification, inflation, and GDP that covers the time period from 2019 to 2025.

The report also puts in perspective the long-term impact of COVID on economic growth, monetary policy, and individual sectors of the economy. The expectation of new-normal and their effects on domestic and foreign businesses is also explored. Saudi Arabia, as a part of the OPEC+ is a major oil-exporting country. The recent disruptions in global demand should alter the country's trade and supply chain relations with China, the United States, and other Gulf Cooperation Council (GCC) economies.

With the Saudi Vision 2030 already underway, how will diversification alter the future of the country? A key feature of this study is its comparative assessment of the oil and non-oil sectors and their future growth trajectories. Furthermore, within the non-oil sector, three industries-retail, logistics, and manufacturing-have been identified as critical for growth in the upcoming years with a detailed assessment of their impact timelines.

Based on the trend analysis and the recovery outlook, the publisher has detailed the economic growth opportunities for businesses in this crisis. This report defines the context of these opportunities and the call to action for companies that should be leveraged to drive growth. Similarly, this research identifies and expands on the top strategic imperatives for businesses that will be key to ensuring growth during these uncertain times.

Key Issues Addressed

• What is the outlook for Saudi GDP growth?
• What trajectory will recovery take?
• What is the outlook on the oil sector?
• What are the outcomes of Vision 2030?
• Will non-oil sector growth outpace that of the oil sector?
• How will economic diversification aid in overall growth?
• What fiscal support has been provided to businesses?
• What are some of the growth opportunities that businesses can leverage?
• What are the strategic imperatives to ensure growth amidst COVID-19?

Key Topics Covered:

1. Strategic Imperatives

• Why Is It Increasingly Difficult to Grow?
• The Strategic Imperative
• The Impact of the Top Three Strategic Imperatives on the Saudi Arabian Economy
• Growth Opportunities Fuel the Growth Pipeline Engine

2. Glossary

3. Growth Opportunity Analysis

• Saudi Arabia Macroeconomic Overview
• Forecast Assumptions
• Key Growth Metrics
• Saudi Arabia Economic Predictions
• Economic Growth Drivers for Saudi Arabia
• Economic Growth Restraints for Saudi Arabia

4. General Macroeconomic Outlook

• GDP Growth Outlook
• Global Trade and Supply Chain Relations
• Positioning on Global Performance Indices
• Population Structure Analysis
• COVID-19 Economic Impact
• GDP Growth Impact and Recovery
• Inflation and Interest Rates

5. COVID-19 Stimulus Measures and Expectations

• Sectoral Outlook
• New-Normal Business Model Expectations

6. Oil and Non-Oil Sector Outlook

• Crude Oil Price Outlook
• Crude Oil - Impact Analysis
• Non-Oil Sector Outlook
• Sectoral Outlook

7. Industry Outlook

• Retail Industry - Macroeconomic Impact
• Retail Industry - Impact Analysis Matrix
• Logistics and Transport Industry - Macroeconomic Impact
• Logistics and Transport Industry - Impact Analysis Matrix
• Manufacturing Industry - Macroeconomic Impact
• Manufacturing Industry - Impact Analysis Matrix

8. Growth Opportunity Universe

• Growth Opportunity 1 - Leverage Opportunities Arising from the Anticipated Rise in Domestic Production
• Growth Opportunity 2 - Leverage the Expansionary Monetary Policy and Liquidity Push for COVID Recovery
• Growth Opportunity 3 - Digitize Business Processes to Ensure Long-term Sustainability, 2020
• Growth Opportunity 4 - Leverage Infrastructural Advancement to Improve Overall Business Efficiency
• Growth Opportunity 5 - Opportunities for Talent Acquisition and Development Companies

For more information about this report visit https://www.researchandmarkets.com/r/hny1ep

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Laura Wood, Senior Press Manager
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LEAWOOD, KS--(BUSINESS WIRE)--This notice provides stockholders of Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP) and Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) with information regarding the distributions paid on November 30, 2020 and cumulative distributions paid fiscal year-to-date.

The following table sets forth the estimated amounts of the current distributions, payable November 30, 2020 and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital. All amounts are expressed per common share.

You should not draw any conclusions about TTP or TPZ’s investment performance from the amount of this distribution or from the terms of TTP and TPZ’s distribution policies.

Each of TTP and TPZ estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in TTP and/or TPZ is paid back to you. A return of capital distribution does not necessarily reflect TTP or TPZ’s investment performance and should not be confused with "yield" or "income."

The amounts and sources of distributions reported are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon TTP and TPZ's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. TTP and/or TPZ will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Tortoise Capital Advisors is the Adviser to the Tortoise Pipeline & Energy Fund, Inc. and the Tortoise Power and Energy Infrastructure Fund, Inc.

For additional information on these funds, please visit cef.tortoiseecofin.com.

About Tortoise

Tortoise focuses on energy & power infrastructure and the transition to cleaner energy. Tortoise’s solid track record of energy value chain investment experience and research dates back more than 20 years. As one of the earliest investors in midstream energy, Tortoise believes it is well-positioned to be at the forefront of the global energy evolution that is underway. With a steady wins approach and a long-term perspective, Tortoise strives to make a positive impact on clients and communities. To learn more, please visit www.TortoiseEcofin.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains certain statements that may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the funds and Tortoise Capital Advisors believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the fund’s reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the funds and Tortoise Capital Advisors do not assume a duty to update this forward-looking statement.

Safe Harbor Statement

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

Maggie Zastrow at (913) 981-1020 or This email address is being protected from spambots. You need JavaScript enabled to view it.

PG&E, The Foundation and PG&E Employees Recognize Giving Tuesday: Support Charities with Time, Talent and Resources

SAN FRANCISCO--(BUSINESS WIRE)--On this Giving Tuesday –a day that inspires people to give, collaborate and celebrate generosity– Pacific Gas and Electric Company (PG&E) and The PG&E Corporation Foundation (The Foundation), together, will contribute approximately $250,000 to the American Red Cross, volunteer fire departments and community organizations assisting residents affected by recent wildfires. These charitable contributions are part of an overall commitment of $1 million for wildfire relief and recovery efforts.

This final phase of funding for this fire season includes the American Red Cross’ California Wildfire Relief to help make sure people recovering from a wildfire have the help they need, including shelter, meals, relief supplies and medical care, and support for emergency responders. Funding also will help volunteer fire departments, the Latino Community Foundation, and local organizations assisting with wildfire relief, recovery and rebuilding efforts.

"We are proud to partner with PG&E to support Latino and farmworker families that have been impacted by California's wildfires. These communities work hard to put food on our table, and it is time we ensure they have food on theirs. Please join us this holiday season to reach even more children and families by donating to our California Wildfire Relief Fund," said Samantha Sandoval, Latino Community Foundation.

“Giving Tuesday highlights the power of people and organizations to help transform lives and communities. We’re grateful during this season of giving to support the American Red Cross, local emergency responders and local groups providing relief efforts and rebuilding neighborhoods and communities,” said Robert Kenney, PG&E Vice President of Regulatory and External Affairs. “We also appreciate the generosity of our employees, who embody the spirit of Giving Tuesday.”

PG&E Employees Virtually Volunteer

In September and October, PG&E and The Foundation offered to match employee contributions to five featured charities supporting wildfire relief. The company’s wildfire relief seasonal giving campaign raised more than $18,000 through employee donations, which The Foundation will match.

Additionally, since March when PG&E transitioned from in-person to virtual volunteering for safety during the COVID-19 pandemic, PG&E employees have donated 1,800 hours to company-sponsored volunteer opportunities, and more than 10,000 personal hours to organizations they support.

Company volunteer events have included partnering with Meals on Wheels to make senior wellness phone calls, creating Projects in a Box for pediatric patients at Stanford Children’s Hospital and Valley Children’s Hospital and supporting programs for students distance learning during the public health crisis.

Continuing Support for Affected Communities

PG&E and The Foundation, together, previously made the following contributions as part of their combined total pledge of $1 million for wildfire relief and recovery efforts:

• In August, provided $100,000 in funding to the American Red Cross’ California Wildfire Relief Fund for shelters and community support, and $50,000 in grants to the California Association of Food Banks’ Rapid Response Fund to help overcome food insecurity.
• In September, contributed $250,000 to 20 community organizations responding to food insecurity in vulnerable communities impacted this wildfire season; local Community Foundations providing immediate relief to displaced and impacted residents and volunteer fire departments.
• In November, contributed $250,000 to tribal communities and organizations assisting residents affected by recent wildfires, including seven tribal communities for food distribution and general relief.

These charitable contributions come either from shareholder funds or The Foundation, not PG&E customers.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 23,000 employees, the company delivers some of the nation's cleanest energy to 16 million people in Northern and Central California. For more information, visit pge.com and pge.com/news.

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CALGARY, Alberta--(BUSINESS WIRE)--Following annual review of its company business and strategic plan, Imperial (TSE: IMO, NYSE American: IMO) has re-assessed the long-term development plans of its unconventional portfolio in Alberta, Canada and no longer plans to develop a significant portion of this portfolio. The decision not to develop these assets will result in a non-cash, after-tax charge of approximately $0.9 billion to $1.2 billion in the company’s fourth quarter 2020 results.

These non-core assets are non-producing, undeveloped assets and the company does not expect any material future cash expenditures related to this impairment. Not included in this impairment are the high-value, liquids-rich portion of the company’s unconventional asset portfolio, which the company still plans to develop.

This decision is consistent with Imperial’s strategy of focusing its upstream resources and efforts on its key oil sands assets as well as on only the most attractive portions of its unconventional portfolio. As such, the decision will not impact previously provided production estimates.

Source: Imperial

After more than a century, Imperial continues to be an industry leader in applying technology and innovation to responsibly develop Canada’s energy resources. As Canada’s largest petroleum refiner, a major producer of crude oil, a key petrochemical producer and a leading fuels marketer from coast to coast, our company remains committed to high standards across all areas of our business.

Cautionary statement: Statements of future events or conditions in this release, including projections, targets, expectations, estimates, and business plans are forward-looking statements. Forward-looking statements in this release include, but are not limited to, references to no longer developing a significant portion of the unconventional portfolio and associated estimate of the non-cash, after-tax charge; that the company does not expect any material future cash expenditures related to these impairments; plans to develop the high value, liquids-rich portion of the unconventional portfolio; and that the decision will not impact previously provided production estimates.

Forward-looking statements are based on the company's current expectations, estimates, projections and assumptions at the time the statements are made. Actual future financial and operating results, including expectations and assumptions concerning demand growth and energy source, supply and demand mix; general market conditions; commodity prices; the company’s ability to effectively execute on its project plans and develop unconventional assets; capital and environmental expenditures; accounting and financial reporting effects, including potential impairment charges resulting from changes in current development plan strategy; the adoption and impact of new facilities or technologies on unconventional development; applicable laws and government policies and actions, including climate change and restrictions in response to COVID-19; and progression of COVID-19 and its impacts on Imperial’s ability to operate its assets could differ materially depending on a number of factors. These factors include global, regional or local changes in supply and demand for oil, natural gas, and petroleum products and resulting price, differential and margin impacts; general economic conditions, including the severity, length and ultimate impact of COVID-19 on people and economies; availability and allocation of capital; political or regulatory events, including changes in law or government policy, applicable royalty rates, tax laws, production curtailment and actions in response to COVID-19; the receipt, in a timely manner, of regulatory and third-party approvals; reservoir performance; environmental regulation, including climate change and greenhouse gas regulation and changes to such regulation; environmental risks inherent in oil and gas exploration and production activities; unexpected technological developments; the results of research programs and new technologies, and ability to bring new technologies to commercial scale on a cost-competitive basis; operational hazards and risks; unanticipated technical or operational difficulties; and other factors discussed in Item 1A risk factors and Item 7 management’s discussion and analysis of financial condition and results of operations of Imperial’s most recent annual report on Form 10-K and subsequent interim reports on Form 10-Q.

Forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties, some that are similar to other oil and gas companies and some that are unique to Imperial Oil Limited. Imperial’s actual results may differ materially from those expressed or implied by its forward-looking statements and readers are cautioned not to place undue reliance on them. Imperial undertakes no obligation to update any forward-looking statements contained herein, except as required by applicable law.

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