DUBLIN--(BUSINESS WIRE)--The "Marine Mining Market, Size, Share, Outlook and COVID-19 Strategies, Global Forecasts from 2019 to 2026" report has been added to ResearchAndMarkets.com's offering.
As the Marine Mining industry shifts, the report presents the emerging market trends, factors driving the Marine Mining market growth, and potential opportunities over the forecast period. The trends underpinning the profitability of Marine Mining companies are shifting rapidly, forcing companies to carefully align their strengths in synchronization with Marine Mining industry trends.
To avoid getting left behind in an intensive competitive Marine Mining market, global companies need a new approach to ensure they create value in this environment. Amid increasing activities of M&A and growing activist-investor activity, Marine Mining companies must strengthen their capabilities to maintain their market shares in the Marine Mining industry.
To assist Marine Mining manufacturers and vendors to formulate their strategies and analyze their business in the global front, the publisher has published its 2020 series of "Marine Mining market size, share, opportunities, and outlook to 2026". The report explores changing Marine Mining market landscape, capital markets, strategies, mergers & acquisitions in the global and country-level markets.
The report presents an introduction to the Marine Mining market in 2020, analyzing the COVID-19 impact both quantitatively and qualitatively. It presents the strategies being adopted by leading Marine Mining companies, emerging market trends, Marine Mining market drivers, challenges, and potential opportunities to 2026. The market attractiveness index is also included to assess the impact of suppliers, buyers, competitive landscape, new entrants, and substitutes on the Marine Mining market.
Companies Mentioned
Report Guide
General Scope
Key Topics Covered:
1 Table of Contents
2 Executive Summary
2.1 Market Panorama, 2020
2.2 Marine Mining Outlook to 2026 - Original Forecasts
2.3 Marine Mining Outlook to 2026 - COVID-19 Affected Forecasts
3 Strategic Analytics to Boost Productivity and Profitability
3.1 Potential Market Drivers and Opportunities
3.2 New Challenges and Strategies being adopted by Companies
3.3 Short Term and Long Term Marine Mining market trends
3.4 Impact of New Entrants, Competitive Landscape, Substitutes, Buyer and Supplier Powers
4 Global Marine Mining Market Outlook across Types to 2026
4.1 Asia Pacific Marine Mining Market Outlook across Types, 2019 - 2026
4.2 Europe Marine Mining Market Outlook across Types, 2019 - 2026
4.3 North America Marine Mining Market Outlook across Types, 2019 - 2026
4.4 South and Central America Marine Mining Market Outlook across Types, 2019 - 2026
4.5 Middle East Africa Marine Mining Market Outlook across Types, 2019 - 2026
5 Global Marine Mining Market Outlook across Applications to 2026
5.1 Asia Pacific Marine Mining Market Outlook across Applications, 2019 - 2026
5.2 Europe Marine Mining Market Outlook across Applications, 2019 - 2026
5.3 North America Marine Mining Market Outlook across Applications, 2019 - 2026
5.4 South and Central America Marine Mining Market Outlook across Applications, 2019 - 2026
5.5 Middle East Africa Marine Mining Market Outlook across Applications, 2019 - 2026
6 Country - wise Marine Mining Market Analysis and Outlook to 2026
7 Global Marine Mining Market Competitive Analysis
7.1 Top 10 Leading Companies in the global Marine Mining industry
7.1.1 Business Overview
7.1.2 Marine Mining Products and Services
7.1.3 SWOT Analysis
7.1.4 Financial Profile
8 Global Marine Mining Market - Recent Developments
8.1 Marine Mining Market News and Developments
8.2 Marine Mining Market Deals Landscape
9 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/2j4kjy
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NEW YORK--(BUSINESS WIRE)--RMG Acquisition Corp. (the “Company”) announced that the close of business on Tuesday, December 1, 2020, has been set as the record date for the determination of stockholders eligible to receive the proxy and vote at the special meeting to be held to consider and approve the previously announced merger with Romeo Systems, Inc., a Delaware corporation (“Romeo Power”).
On October 5, 2020, Romeo Power and the Company announced a definitive agreement for a business combination that would result in Romeo Power becoming a publicly listed company.
A proxy statement, once final, will be mailed together with a proxy card to the Company’s stockholders. The final proxy statement will include the date, time and location of the special meeting.
About RMG Acquisition Corp.
RMG Acquisition Corp is a special purpose acquisition company whose management and board has deep experience in power, renewable energy, environmental services, energy technology and corporate governance. RMG’s team includes top level executives from Goldman Sachs, Carlyle Group, Cogentrix Energy, Deloitte & Touché, Access Industries, Calpine Corporation (CPN) and Riverside Management Group. For additional information, please visit http://www.rmgacquisition.com/.
About Romeo Power
Romeo Power, founded in 2016 in California by Michael Patterson, is an industry leading energy technology company focused on designing and manufacturing lithium-ion battery modules and packs for commercial electric vehicles. Through its energy dense battery modules and packs, Romeo Power enables large-scale sustainable transportation by delivering safer, longer lasting batteries with shorter charge times. With greater energy density, Romeo Power is able to create lightweight and efficient solutions that deliver superior performance, and provide improved acceleration, range, safety and durability. Romeo Power’s modules and packs are customizable and scalable, and they are optimized by its proprietary battery management system. The company has approximately 100 employees and more than 60 battery-specific engineers and a 113,000 square foot manufacturing facility in Los Angeles, California with key battery development capabilities performed in-house. On October 5, 2020, Romeo Power and RMG Acquisition Corp. (“RMG”) (NYSE: RMG), a special purpose acquisition company, announced a definitive agreement for a business combination that would result in Romeo Power becoming a publicly listed company. Upon closing of the transaction, the combined company will be named Romeo Power, Inc. and is expected to remain listed on the NYSE and trade under the new ticker symbol “RMO.” For additional information on Romeo Power, please visit https://romeopower.com.
Important Information and Where to Find It
This press release relates to a proposed transaction between RMG and Romeo Power. RMG has filed with the Securities and Exchange Commission (“SEC”) a registration statement on Form S-4 that includes a proxy statement/consent solicitation statement/prospectus. The proxy statement/consent solicitation statement/prospectus will be mailed to stockholders of RMG as of a record date to be established for voting on the proposed business combination. RMG also will file other relevant documents from time to time regarding the proposed transaction with the SEC. INVESTORS AND SECURITY HOLDERS OF RMG ARE URGED TO READ THE PROXY STATEMENT/CONSENT SOLICITATION STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS THAT WILL BE FILED BY RMG FROM TIME TO TIME WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security holders will be able to obtain free copies of the proxy statement/consent solicitation statement/prospectus and other documents containing important information about RMG and Romeo Power once such documents are filed with the SEC, through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC by RMG when and if available, can be obtained free of charge on RMG’s website at www.rmginvestments.com or by directing a written request to RMG Acquisition Corp., 50 West Street, Suite 40-C, New York, New York 10006.
Participants in the Solicitation
RMG and Romeo Power and their respective directors and executive officers, under SEC rules, may be deemed to be participants in the solicitation of proxies of RMG’s stockholders in connection with the proposed transaction. Investors and security holders may obtain more detailed information regarding the names and interests in the proposed transaction of RMG’s directors and officers in RMG’s filings with the SEC, including RMG’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019, which was filed with the SEC on April 1, 2019. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to RMG’s stockholders in connection with the proposed business combination will be set forth in the proxy statement/prospectus for the proposed business combination when available. Additional information regarding the interests of participants in the solicitation of proxies in connection with the proposed business combination is included in the proxy statement/consent solicitation statement/prospectus relating to the proposed business combination.
No Offer or Solicitation
This communication shall neither constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
Forward Looking Statements
This press release includes “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside RMG’s or Romeo Power’s management’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include: the inability to complete the transactions contemplated by the proposed business combination; the inability to recognize the anticipated benefits of the proposed business combination, which may be affected by, among other things, the amount of cash available following any redemptions by RMG stockholders; the ability to meet the NYSE’s listing standards following the consummation of the transactions contemplated by the proposed business combination; costs related to the proposed business combination; Romeo Power’s ability to execute on its plans to develop and market new products and the timing of these development programs; Romeo Power’s estimates of the size of the markets for its products; the rate and degree of market acceptance of Romeo Power’s products; the success of other competing technologies that may become available; Romeo Power’s ability to identify and integrate acquisitions; the performance of Romeo Power’s products; potential litigation involving RMG or Romeo Power; and general economic and market conditions impacting demand for Romeo Power’s products. Other factors include the possibility that the proposed transaction does not close, including due to the failure to receive required security holder approvals, or the failure of other closing conditions. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of RMG’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, the registration statement on Form S-4 and proxy statement/consent solicitation statement/prospectus discussed below and other documents filed by RMG from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and neither RMG nor Romeo Power undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Romeo Power
For Investors
ICR, Inc.
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RMG Acquisition Corp.
Philip Kassin
Chief Operating Officer
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PARIS LA DÉFENSE--(BUSINESS WIRE)--Following the first phase of the program in which two demonstrators have successfully proven their operational performances at sea, France and the United Kingdom marked the tenth anniversary of the Lancaster House treaties by signing a joint contract for Thales to start the production phase of MMCM to deliver eight unmanned mine hunting systems (four for France and four for the United Kingdom).
With the threat of mines and improvised explosive devices present in all conflicts involving naval forces, countries need to strengthen the protection of their maritime domain, to ensure the protection of their assets and to safeguard the freedom of civil navigation. At the same time, it is essential to limit human exposure to mines. With 50 years of expertise serving navies around the world, Thales develops technologies that enable the transition from conventional solutions, such as minehunters, to unmanned solutions. The MMCM program is the first step in the renewal of the operational concept for mine warfare in France and the United Kingdom, based on the use of unmanned systems which could potentially replace traditional minehunters.
This is a step change in capability, improving performances, productivity and removing the need to place members of the armed forces in harm’s way. It strengthens the leadership of the French Navy and Royal Navy as world leaders in both mine hunting and unmanned systems in the maritime domain.
The subsystems developed for the programme by Thales and its partners include Unmanned Surface Vehicles (USV) to transport and connect solutions and a cutting-edge sonar (SAMDIS) offering unique Single Path Multi View capability to identify and classify threats. The SAMDIS sonar can be carried by Autonomous Underwater Vehicles (AUV) or by Towed Synthetic Aperture Multiviews (TSAM) vehicle operated from the USV. The USV can also carry a Remotely Operated Vehicle (ROV) to neutralize the threats. The entire system is remotely supervised by operators working from a Portable Operational Centre (POC) capable of controlling up to three systems in parallel at sea.
MMCM is the only proven system to offer advanced technologies, including autonomy, to improve performance and productivity thanks to the combination of unrivalled real time user experience using big data exchanges with trusted augmented artificial intelligence (A2I) to provide huge improvement of customer trust in operation clearance and increase the security of national interests. As a result of Thales’s open-architecture approach to MMCM, these new technologies can be easily integrated into the overall system, providing the navies with the opportunity to introduce new operational capabilities, in a planned way, throughout the life of the system.
After the success of the first configuration conducted under real operational conditions with the complete system, Thales is now fully committed to deliver the first operational systems to French and British navies by 2022. This program testifies of the exemplary cooperation between the two states and industrial teams and anchors Thales’s unique expertise and World leading position in conventional MCM, supporting over half the world’s anti-mine vessels with over 300 systems in service.
“Thales is grateful to France and the United Kingdom for trusting such an important technology transition with the Thales teams in France and the UK. To date during trials, the MMCM systems and its assets have covered the equivalent of 30.000 soccer fields at sea, sometimes with very rough sea conditions. This is indeed a step change in how Navies will be able to respond in the future to vicious threats such as mines and improvised explosive devices at sea.” Alexis Morel, VP Underwater Systems, Thales.
About Thales
Thales (Euronext Paris: HO) is a global high technology leader investing in digital and “deep tech” innovations –connectivity, big data, artificial intelligence, cybersecurity and quantum technology – to build a future we can all trust, which is vital to the development of our societies. The company provides solutions, services and products that help its customers –businesses, organisations and states – in the defence, aeronautics, space, transportation and digital identity and security markets to fulfil their critical missions, by placing humans at the heart of the decision-making process.
With 83,000 employees in 68 countries, Thales generated sales of €19 billion in 2019 (on a basis including Gemalto over 12 months).
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Faïza Zaroual
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HOUSTON--(BUSINESS WIRE)--PrimeEnergy Resources Corporation (NASDAQ: PNRG) announced today the following unaudited results for the periods ended September 30, 2020 and 2019:
|
Three Months Ended
|
Nine Months Ended
|
||||||||||
|
2020 |
2019 |
|
2020 |
2019 |
|||||||
Revenues |
$ |
11,792,000 |
$ |
28,182,000 |
|
$ |
45,178,000 |
$ |
84,135,000 |
|||
Net Income |
$ |
6,501,000 |
$ |
2,512,000 |
|
$ |
65,000 |
$ |
5,249,000 |
|||
Earnings per Common Share: |
|
|
|
|
||||||||
Basic |
$ |
3.26 |
$ |
1.25 |
|
$ |
0.03 |
$ |
2.61 |
|||
Shares Used in Calculation of: |
|
|
|
|
|
|||||||
Basic EPS |
|
1,994,177 |
|
2,008,688 |
|
|
1,994,175 |
|
2,008,593 |
|||
Total assets at September 30, 2020 were $208,681 compared to $229,365 at December 31, 2019.
Oil and gas production and the average prices received (excluding gains and losses from derivatives) for the three and nine months ended September 30, 2020 and 2019 were as follows:
|
|
Nine months ended September 30, |
|||||||||||
|
2020 |
2019 |
Increase / |
Increase / |
|||||||||
Barrels of Oil Produced |
|
538,000 |
|
1,012,000 |
|
(474,000 |
) |
(47 |
)% |
||||
Average Price Received |
$ |
38.41 |
$ |
54.72 |
$ |
(16.31 |
) |
(30 |
)% |
||||
Oil Revenue (In 000’s) |
$ |
20,663 |
$ |
55,370 |
$ |
(34,707 |
) |
(63 |
)% |
||||
Mcf of Gas Sold |
|
2,038,000 |
|
3,549,000 |
|
(1,241,000 |
) |
(35 |
)% |
||||
Average Price Received |
$ |
1.06 |
$ |
1.43 |
$ |
(0.37 |
) |
(26 |
)% |
||||
Gas Revenue (In 000’s) |
$ |
2,441 |
$ |
5,057 |
$ |
(2,616 |
) |
(52 |
)% |
||||
Barrels of Natural Gas Liquids Sold |
|
319,000 |
|
445,000 |
|
(126,000 |
) |
(28 |
)% |
||||
Average Price Received |
$ |
10.07 |
$ |
15.52 |
$ |
(5.45 |
) |
(35 |
)% |
||||
Natural Gas Liquids Revenue (In 000’s) |
$ |
3,212 |
$ |
6,906 |
$ |
(3,694 |
) |
(53 |
)% |
||||
Total Oil & Gas Revenue (In 000’s) |
$ |
26,316 |
$ |
67,333 |
$ |
(41,017 |
) |
(61 |
)% |
||||
|
|
|
|
|
|||||||||
|
|
Three months ended September 30, |
|||||||||||
|
2020 |
2019 |
Increase / |
Increase / |
|||||||||
Barrels of Oil Produced |
|
160,000 |
|
323,000 |
|
(163,000 |
) |
(50 |
)% |
||||
Average Price Received |
$ |
39.62 |
$ |
52.41 |
$ |
(12.79 |
) |
(24 |
)% |
||||
Oil Revenue (In 000’s) |
$ |
6,339 |
$ |
16,928 |
$ |
(10,589 |
) |
(63 |
)% |
||||
Mcf of Gas Sold |
|
496,000 |
|
1,305,632 |
|
(809,632 |
) |
(62 |
)% |
||||
Average Price Received |
$ |
2.12 |
$ |
1.12 |
$ |
1.00 |
|
89 |
% |
||||
Gas Revenue (In 000’s) |
$ |
1,052 |
$ |
1,467 |
$ |
(415 |
) |
(28 |
)% |
||||
Barrels of Natural Gas Liquids Sold |
|
106,000 |
|
156,983 |
|
(50,983 |
) |
(32 |
)% |
||||
Average Price Received |
$ |
13.91 |
$ |
10.75 |
$ |
3.16 |
|
29 |
% |
||||
Natural Gas Liquids Revenue (In 000’s) |
$ |
1,474 |
$ |
1,687 |
$ |
(213 |
) |
(13 |
)% |
||||
Total Oil & Gas Revenue (In 000’s) |
$ |
8,865 |
$ |
20,082 |
$ |
(11.217 |
) |
(56 |
)% |
||||
|
|
|
|
|
|||||||||
PrimeEnergy is an independent oil and natural gas company actively engaged in acquiring, developing and producing oil and natural gas, and providing oilfield services, primarily in Texas and Oklahoma. The Company’s common stock is traded on the Nasdaq Stock Market under the symbol PNRG. If you have any questions on this release, please contact Connie Ng at (713) 735-0000 ext 6416.
Forward-Looking Statements
This Report contains forward-looking statements that are based on management's current expectations, estimates and projections. Words such as "expects," "anticipates," "intends," "plans," "believes", "projects" and "estimates," and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, and are subject to the safe harbors created thereby. These statements are not guarantees of future performance and involve risks and uncertainties and are based on a number of assumptions that could ultimately prove inaccurate and, therefore, there can be no assurance that they will prove to be accurate. Actual results and outcomes may vary materially from what is expressed or forecast in such statements due to various risks and uncertainties. These risks and uncertainties include, among other things, the possibility of drilling cost overruns and technical difficulties, volatility of oil and gas prices, competition, risks inherent in the Company's oil and gas operations, the inexact nature of interpretation of seismic and other geological and geophysical data, imprecision of reserve estimates, and the Company's ability to replace and expand oil and gas reserves. Accordingly, stockholders and potential investors are cautioned that certain events or circumstances could cause actual results to differ materially from those projected.
Connie Ng
(713) 735-0000 ext 6416
LONDON--(BUSINESS WIRE)--#GlobalWasteHeatRecoveryMarket--The new waste heat recovery market research from Technavio indicates Neutral growth in the short term as the business impact of COVID-19 spreads.
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"One of the primary growth drivers for this market is the Increasing Focus on Reducing Carbon Footprint,” says a senior analyst for Industrials at Technavio.
Manufacturing facilities, power stations, and oil refineries emit a huge amount of heat along with greenhouse gases. This leaves a huge carbon footprint and causes serious environmental impact. Waste heat recovery systems can utilize this generated heat for numerous applications such as generating electricity, which will save fuel and help reduce CO2 emissions. Several countries have also implemented stringent regulations to control industrial and greenhouse gas emissions. This increasing focus on reducing emissions and carbon footprint is expected to boost the demand for waste heat recovery systems, driving market growth during the forecast period.
As the markets recover Technavio expects the waste heat recovery market size to grow by USD 11.31 billion during the period 2020-2024.
Waste Heat Recovery Market Segment Highlights for 2020
Regional Analysis
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LONDON--(BUSINESS WIRE)--#CellulosicEthanolMarket--The cellulosic ethanol market is expected to grow by USD 237.00 million, decelerating at a CAGR of 19% during the forecast period.
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The rising food security concerns such as the rising need for renewable clean fuel is one of the major factors propelling market growth. However, factors such as availability of feedstock will hamper the market growth.
More details: https://www.technavio.com/report/cellulosic-ethanol-market-industry-analysis
Cellulosic Ethanol Market: Feedstock Landscape
Based on the feedstock landscape, the energy crops segment is expected to post significant growth during the forecast period.
Cellulosic Ethanol Market: Geographic Landscape
By geography, APAC is going to have a lucrative growth during the forecast period. About 53% of the market’s overall growth is expected to originate from APAC. Market growth in this region will be faster than the growth of the market in other regions.
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Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Feedstock
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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LONDON--(BUSINESS WIRE)--#covid19--SpendEdge forecast the global Oil and Gas “Quality Assurance” and “Quality Control” market is expected to grow by USD 2 billion as we reach 2024. This is due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of 24.57%.
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Oil And Gas “Quality Assurance” And “Quality Control” 2020-2024: Scope
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Table of Content
Executive Summary
Market Insights
Category Pricing Insights
Cost-saving Opportunities
Best Practices
Category Ecosystem
Category Management Strategy
Category Management Enablers
Suppliers Selection
Suppliers under Coverage
US Market Insights
Category scope
Appendix
About SpendEdge:
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VANCOUVER, British Columbia--(BUSINESS WIRE)--Clear Seas Centre for Responsible Marine Shipping and the Angus Reid Institute will be providing a press briefing to announce the findings of their latest Canada-wide public opinion poll on marine shipping on November 30, 2020 at 10:00 AM (PST).
This is the third in a series of biennial studies looking at the attitude of Canadians toward marine shipping. And with COVID-19 looming in the background, the survey found that Canadians are expecting the industry to play a major role in the post-pandemic economic recovery. But they also want marine shipping to continue to make strides in environmental protection.
The survey will also provide details on the study’s new Shipping Confidence Index which was established to better understand the numerous viewpoints on marine shipping in Canada.
Shachi Kurl, President, Angus Reid Institute and Dr. Paul Blomerus, Executive Director, Clear Seas, will be available for questions. The report will be released in both official languages on November 30 in advance of the briefing.
Space is limited. Register today to secure your place: https://bit.ly/2IVjje8
About the Angus Reid Institute
The Angus Reid Institute (ARI) was founded in October 2014 by pollster and sociologist, Dr. Angus Reid. ARI is a national, not-for-profit, non-partisan public opinion research foundation established to advance education by commissioning, conducting and disseminating to the public accessible and impartial statistical data, research and policy analysis on economics, political science, philanthropy, public administration, domestic and international affairs and other socio-economic issues of importance to Canada and its world.
About Clear Seas
Clear Seas is a not-for-profit independent research centre that provides impartial information on marine shipping in Canada to policy makers and the public. Its mandate is to initiate and interpret research, analyze policies, identify best practices, share information and facilitate dialogue. The organization’s research agenda is defined internally in response to current issues, reviewed by a research advisory committee, and approved by a board of directors. Clear Seas collaborates with Indigenous groups, stakeholders and experts to identify knowledge gaps, share results of existing studies, and facilitate new research to ensure decision makers have access to accurate, up-to-date information. All reports and findings are available at clearseas.org
Edward Downing
Director of Communications
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DUBLIN--(BUSINESS WIRE)--The "Seamless Pipes and Tubes - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The Asphyxiated Oil & Gas Industry Cuts Off US$25 Billion in Revenues for Seamless Pipes & Tubes
The global market for Seamless Pipes & Tubes is expected to slump by -13.7% in the year 2020 highlighting a US$25.1 billion erosion in market value. Thereafter the market is expected to recover and reach US$230.3 billion by the year 2027 trailing a post-COVID-19 CAGR of 5.6% over the analysis period 2020 to 2027.
The COVID-19 pandemic is a rolling disaster, rapidly spreading and decimating industries and markets across the world. Petroleum refining, oil & gas exploration, chemical production, construction, manufacturing, infrastructure, industrial processing have all been alike impacted. The economic recession, rising unemployment, falling consumer spending, plummeting business confidence & investments have begun to bleed into these industries.
The shattered oil & gas industry is facing its worst ever crisis, an overstocked supply market and a steep decline in demand. Choking economic activity over the last few months is sending shockwaves of disruption through the industry. From prices dipping to subzero to oil producers in the first time in history having to pay to dispose excess stocks, the industry has seen the worst. In this crisis of unimagined magnitude, CAPEX spending is worst hit. As business confidence plummets rapidly, major oil companies have already slashed planned CAPEX spending by almost US$89 billion in 1st quarter 2020.
Travel bans, manufacturing shutdown of all non-essential plants, closure of offices have wielded the most severe demand shock. A mistimed price war between Russia and Saudi Arabia following Russia`s decision to pull out of a joint production cut agreement additionally aggravated the demand supply imbalance. China in early February during the heat of the pandemic banned entry of oil tankers while tightening the lockdown measures. OPEC talks to cut back on production failed as Russia refused to cooperate. Saudi Arabia during this period offered US$6 to US$9 discount per barrel for European, Asian, and U.S customers.
Currently for most oil giants worldwide higher prices are needed to breakeven. Breakeven prices for Saudi Arabia, UAE, Iraq, Azerbaijan, Kuwait, Kazakhstan, and Russia include US$85, US$65, US$64, US$51, US$49, US$42, and US$40 respectively. As a culmination of these factors, the world witnessed negative oil prices become a shocking reality. As rising stockpiles overwhelmed storage facilities, the amount of oil stored on massive tankers on sea skyrocketed to over 160 million barrels in April 2020 as compared to the less than 100 million in April 2009 during the Great Recession.
The entire O&G value chain is feeling the pain as upstream, midstream and downstream operations collapse under a domino effect. Against this backdrop, seamless pipes and tubes is already showing signs of slumping in the year 2020 as piped soil transport and distribution projects gets thrown into the backburner.
The market will nevertheless bounce back as the economies reopen and economic activity picks up momentum. Post COVID-19 recovery will be driven by recovery in exploration and production activity and strengthening oil prices and the resulting sustained growth in demand for high-grade Oil Country Tubular Goods (OCTG).
Improved infrastructure spending, expanding manufacturing and industrial sectors in developing countries will help drive demand recovery for seamless pipes and tubes in industrial boilers, while growing energy investments worldwide will drive gains for seamless tubes in utility boilers. In the oil and gas sector, increased migration of drilling activity to deeper reserves and the continuous shift towards directional drilling projects will spur opportunities for growth over the long term period.
Benefits of seamless pipes and tubes responsible for driving their adoption over and above their conventional welded counterparts include higher pressure rating, higher strength and durability around the circumference of the pipe, uniformity of shape, reduced risk of leaks and pipe failure, resistance to harsh cold and hot environment, superior corrosion resistance, and reduced project costs especially in oil rigs, offshore drilling, pipelines, and machinery production, among others.
In the coming years, ultrahigh-strength seamless tubes will increase in commercial value in applications such as construction machinery especially against the backdrop of weight reduction and fuel and energy optimization. Asia-Pacific will remain a major market supported by large automobile, industrial and construction markets. In the United States, growth will be led by the country`s policy led support for shale oil production as evidenced by proposed plans of the government, in the pre-crisis period, to open up hitherto protected offshore territory to oil and gas drilling.
Competitors identified in this market include, among others:
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/ip0eam
ResearchAndMarkets.com
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LONDON--(BUSINESS WIRE)--#GlobalRotarySteerableSystemsMarket--The rotary steerable systems market is poised to grow by USD 2.43 bn during 2020-2024, progressing at a CAGR of over 7% during the forecast period.
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The report on the rotary steerable systems market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.
The report offers an up-to-date analysis regarding the current global market scenario and the overall market environment. The market is driven by an increase in investments toward directional drilling.
The rotary steerable systems market analysis includes application segment and geography landscape. This study identifies the growing consumption of oil and gas as one of the prime reasons driving the rotary steerable systems market growth during the next few years.
This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
The rotary steerable systems market covers the following areas:
Rotary Steerable Systems Market Sizing
Rotary Steerable Systems Market Forecast
Rotary Steerable Systems Market Analysis
Companies Mentioned
Related Reports on Energy Include:
Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer landscape
Geographic Landscape
Drivers, Challenges, and Trends
Vendor Landscape
Vendors covered
Appendix
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DUBAI, United Arab Emirates,--(BUSINESS WIRE)--HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has inaugurated Dubai Electricity and Water Authority’s (DEWA’s) Innovation Centre and the 800MW third phase of the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the world. The solar park has a planned capacity of 5,000MW by 2030, with investments up to AED50 billion.
HH Sheikh Mohammed bin Rashid Al Maktoum was briefed by HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, about the Innovation Centre, which is a global hub for renewable and clean energy innovation. It supports innovation and creativity in clean and renewable energy, promotes sustainability, develops Emirati talent and enhances the UAE’s competitive advantage in this sector. The four-storey building covers 4,355 square metres and is 88 metres high. The Centre’s research on solar power will support the Dubai Clean Energy Strategy 2050, which aims to diversify the energy mix and provide 75% of Dubai’s total power capacity from clean energy sources by 2050. The Innovation Centre received a platinum rating from LEED (Leadership in Energy and Environmental Design) with 101 points out of a possible 110 in the first quarter of 2020.
DEWA built the 800MW third phase of the Mohammed bin Rashid Al Maktoum Solar Park using the Independent Power Producer (IPP) model in partnership with a consortium led by Abu Dhabi Future Energy Company (Masdar) and EDF Group, through its subsidiary EDF Énergies Nouvelles at an investment of AED3.47 billion. The third phase provides clean energy for over 240,000 residences in Dubai. The facility is the first of its kind in the Middle East and North Africa region to use single axis solar tracking to increase energy generation. It also uses other innovative technologies including cleaning robots for photovoltaic panels to increase the plant’s efficiency.
DEWA has attracted AED40 billion in investments and enhanced public-private partnerships through the IPP model that has created promising opportunities. By implementing the IPP model, Mohammed bin Rashid Al Maktoum Solar Park projects have recorded the world’s lowest solar power prices five times in a row.
*Source: AETOSWire
Dubai Electricity and Water Authority
Khuloud Al Ali, +971563974965
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RIDDLE&CODE, the leading European blockchain interface company, announced today the launch of Trusted Gateway, the device that transforms distributed energy resources such as PV systems, solar panels and microgrids into trusted data sources and self-sovereign participants of the energy marketplace.
VIENNA--(BUSINESS WIRE)--The shift from the centralised energy system with a small number of dominant bulk producers to a decentralised renewable marketplace with a multiway flow of information requires not only new business models and entities but also a guarantee that the data generated out of them are trusted and immutable.
RIDDLE&CODE laid the foundation for accelerating the future of decentralised energy by introducing the Trusted Gateway. At the core of the Trusted Gateway is the Secure Element, a part of RIDDLE&CODE’s “Built for Blockchain” product range, enabling the secure storage of the digital identity (private key) on any device through a combination of hardware and software. By providing secure public/private key infrastructure, the Trusted Gateway solves the problem of machine identity and creates a unique, cryptographically secured digital representation of an object, assigning it with identity, addressability and transaction capabilities.
“In the context of the energy system, by giving the digital identity to a distributed energy resource such as a PV plant, we can assure that green power is indeed green power, that the kW/h production per period is correct and interconnect various system components, such as power storing batteries, as to beneficiaries of the power output,” said Thomas Fuerstner, RIDDLE&CODE founder and CTO. “Our experience of working with leading utility providers such as Wien Energie and Energias De Portugal Brasil (EDP), showed that this could build innovative business cases, from new investment instruments like green bonds to micro investments into the power infrastructure.”
RIDDLE&CODE continues to develop products for the new era of distributed energy, with the Trusted Gateway at the forefront, empowering all participants in the ecosystem to benefit from the trusted and agile energy future.
About RIDDLE&CODE
RIDDLE&CODE is the leading European blockchain interface company that builds hardware and software stacks and brings trusted identity to objects and people. Together with its tier one clients and partners, RIDDLE&CODE creates new business models to financial markets, energy distribution, mobility and the Internet of Things.
More information: www.riddleandcode.com
Media contact:
Aysenur Yükselal Aji
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LONDON--(BUSINESS WIRE)--#apac--The new Automation and Instrumentation 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 Automation and Instrumentation market size to grow by USD 24 billion during the period 2020-2024.
Get detailed insights on the COVID-19 pandemic crisis and recovery analysis of the Automation and Instrumentation market. Download free report sample
Automation And Instrumentation Market Analysis
Analysis of the cost and volume drivers and supply market forecasts in various regions are offered in this Automation and Instrumentation 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 Automation and Instrumentation Market
This market intelligence report on Automation and Instrumentation 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.
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This Automation And Instrumentation Market procurement research report offers coverage of:
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Table of Content
About SpendEdge:
SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions. To know more https://www.spendedge.com/request-for-demo
SpendEdge
Anirban Choudhury
Marketing Manager
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DUBLIN--(BUSINESS WIRE)--The "Maritime Real-Time Positioning System Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Component, Technology, Application, and Vessel Type" report has been added to ResearchAndMarkets.com's offering.
The market was valued at US$ 158 million in 2019 and is projected to reach US$ 1,395. million by 2027; it is expected to grow at a CAGR of 31.8% from 2020 to 2027.
In 2019, North America led the global maritime real time positioning system market with 36.81% revenue share, followed by Europe. The US, Canada, and Mexico are major economies contributing to the maritime real-time positioning system market in North America. Continuous technological advancements, led by notable investments by tech giants in R& D activities, have created a stir in the competitive market across the region. The constant technological developments in the last few years have notably enhanced tracking and monitoring of ships and other vessels.
The developing satellite services have the task of tracking the ships worldwide and ensuring high-end safety of the ships from numerous threats. Using satellite-based monitoring systems, a large number of vessels are monitored efficiently by vessel owners and marine agencies for an extended period. Besides, an automatic identification system also assists in tracking giant vessels crossing waters globally by providing real-time information about vessels' movement.
Marine-Traffic, VesselFinder, Vesseltracker, and FleetMon are some of the ship tracking applications developed to track and collect real-time information on maritime activities.
In 2019, Europe stood second in the maritime real time positioning system market with a decent market share and it is anticipated to witness a steady CAGR from 2020 to 2027. Europe comprises developed economies, such as Germany, France, the UK, Italy, Norway, Finland, Sweden, the Netherlands, Denmark, and Switzerland. These economies have done a vital contribution to the region's tech strength.
They are anticipated to nurture the growth of the maritime real-time positioning systems market. The use of maritime real-time positioning systems is gaining high momentum across Europe. To enhance Maritime Situational Awareness, the use of maritime data fusion and tracking, automatic anomaly detection, and situation prediction is observed in Europe to ensure high-end marine security and safety-including irregular migration, border surveillance, and countering illegal activities at sea, such as unregulated fishing and smuggling. In terms of value, Europe is among the leading traders of fisheries & aquaculture products worldwide.
Impact of COVID-19 on Maritime Real Time Positioning System market
The global electronics & semiconductor industry is one of the primary sectors suffering severe disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns. China is the global hub of manufacturing and the largest raw material supplier for various industries, and it is also one of the worst-affected countries.
The lockdown of different plants and factories in China has affected the global supply chains and negatively impacted the manufacturing of various electronic goods. The international travel bans imposed by countries in Europe, Asia, and North America have affected business collaborations and partnerships opportunities. All these factors are anticipated to impact the electronic & semiconductor industry negatively, and thus, act as a restraining factor for the growth of various markets related to this industry in the coming months, such as the maritime real time positioning systems market.
Adding to this, the prices of raw materials required for maritime real time positioning system have been fluctuating at a high pace due to lockdown and travel restrictions. This has also anticipated to negatively impact the growth of the maritime real time positioning systems market during the forecast period.
COVID-19 has spread significantly across APAC and North America. Europe and SAM regions are also hit hard. These regions have significant number of market players. The ICT and transportation industries are adversely affected due to COVID-19, and since the start of 2020, these industries have been reflecting a declining trend. With the imposition of lockdown across countries in North America, Europe, and Asia, the industries have been witnessing declining trend.
The fisheries industry requires a significant number of human labors, and since the COVID-19 virus is spreading through human involvement, the sector is unable to function properly. Compared to that of 2017, the vessel activities were reduced by over 69% during the lockdown, the fishing activities were reduced by 84%, and the passenger traffic by 78%.
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. Maritime Real-Positioning System Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Expert Opinion
4.4 Premium Insights
4.4.1 Porter's Five Forces Analysis
4.4.2 Detailed Value Chain Analysis
4.4.3 Pricing Analysis & Customer Preferences
5. Maritime Real-Positioning System Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Use of RFID in Global Shipping Industry
5.1.2 Rise in the Number of Cargo Vessels
5.2 Market Restraint
5.2.1 Technical Complexities and Lack of Skilled Workforce
5.3 Market Opportunity
5.3.1 Rising Growth Potential in Asia-Pacific
5.4 Market Trend
5.4.1 Emergence of advanced technologies
5.5 Impact Analysis of Drivers and Restraints
6. Maritime Real-time Positioning System - Global Market Analysis
6.1 Maritime Real-Positioning System Market Global Overview
6.2 Maritime Real-Positioning System Market - Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning - Global Market Players Ranking
7. Maritime Real-Positioning System Market Analysis - By Component
7.1 Overview
7.2 Maritime Real-Positioning System Market, By Component (2019 and 2027)
7.3 Hardware
7.3.1 Overview
7.3.2 Hardware: Maritime Real-Positioning System Market - Revenue and Forecast to 2027 (US$ Million)
7.3.2.1 Readers and Trackers
7.3.2.2 Tags/Badges
7.3.2.3 Others
7.4 Software
7.5 Services
8. Maritime Real-Positioning System Market - By Application
8.1 Overview
8.2 Maritime Real-Positioning System Market, by Application (2019 and 2027)
8.3 Fleet Management
8.3.1 Overview
8.3.2 Fleet Management: Maritime Real-Positioning System Market - Revenue and Forecast to 2027 (US$ Million)
8.4 Inventory and Asset Management
8.5 Crew Tracking
9. Maritime Real-Positioning System Market Analysis - By Technology
9.1 Overview
9.2 Maritime Real-Positioning System Market, By Technology (2019 and 2027)
9.3 RFID
9.3.1 Overview
9.3.2 RFID: Maritime Real-Positioning System Market - Revenue and Forecast to 2027 (US$ Million)
9.4 GPS
9.5 Others
10. Maritime Real-Positioning System Market Analysis - By Vessel Type
10.1 Overview
10.2 Maritime Real-Positioning System Market, By Vessel Type (2019 and 2027)
10.3 Fishing Vessels
10.3.1 Overview
10.3.2 Fishing Vessels: Maritime Real-Positioning System Market - Revenue and Forecast to 2027 (US$ Million)
10.4 Cargo Vessels
10.5 Service Vessels
10.6 Passenger Ships and Ferries
10.7 Others
11. Maritime Real-Time Positioning System Market - Geographic Analysis
12. Impact of COVID-19 Outbreak
12.1 Impact of COVID-19 Pandemic on Global Maritime Real-time Positioning System Market
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Merger and Acquisition
14. Company Profiles
14.1 Key Facts
14.2 Business Description
14.3 Products and Services
14.4 Financial Overview
14.5 SWOT Analysis
14.6 Key Developments
For more information about this report visit https://www.researchandmarkets.com/r/jr7gbh
ResearchAndMarkets.com
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DUBLIN--(BUSINESS WIRE)--The "Lubricants Market Research Report: By Base Oil, Product Type, End User - Global Industry Analysis and Demand Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The global lubricants market is expected to reach a value of $115,350.6 million, increasing from $95,403.9, advancing at a 2.3% CAGR during the forecast period (2020-2030).
The key factors resulting in the growth of the market are increasing sales of new vehicles in emerging economies and rising consumer awareness regarding lubricants. On the basis of product type, the market is divided into process oil, grease, gear oil, engine oil, metalworking oil, general industrial oil, and transmission and hydraulic oil.
The engine oil division held the major share of the market in the past and is further projected to dominate the market during the forecast period as well. The increasing requirement for vehicles and expanding the transportation industry around the world are leading to the rising need for engine oil. Additionally, people, these days are becoming more aware of the benefits of utilizing lubricants in their vehicles. These products aid in enhancing the mileage of the vehicle and increasing its life-span.
The lubricants market is categorized into chemical, food & beverages, automotive and other transportation, metallurgy and metalworking, and heavy equipment, out of which, the automotive and other transportation category accounted for the major share of the market in 2019. With the increasing disposable income of people, the sales of vehicles are also growing. This, in turn, is leading to the growth of the transportation industry. Moreover, the demand for lubricants is also increasing because of the expanding mobility services sector across the globe.
Geographically, the Asia-Pacific region dominated the global lubricants market in 2019 and is projected to hold the largest share of the market during the forecast period as well. The shift of manufacturing plants from around the world in Asian countries, including India and China, because of less strict environmental rules and low labor costs, is driving the regional domain. The Middle East and African region are expected to register the fastest growth during the forecast period.
The increasing sales of vehicles in developing countries, including Brazil, China, India, and Mexico, is the key factor leading to the growth of the lubricants market. The per capita income in these countries has increased significantly, owing to which, the demand for vehicles has also risen. Lubricants are utilized in the crankcase of the engine of the vehicle for ensuring that the vehicle is operating efficiently. These products also reduce friction, thereby decreasing the wear and tear of vehicles and enhancing their lifespan.
The lubricants market has also been registering growth because of the increasing awareness among consumers about the advantages of these products. Before the awareness regarding lubricants was only limited to western countries, however, now people are becoming aware of these products all across the globe. Companies in the domain are also adopting newer methods for increasing brand awareness among people. For example, enterprises are offering free samples and gifts to users, thereby increasing awareness and interest in lubricants.
Market Dynamics
Trends
Drivers
Restraints
Opportunity
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/j1ry7i
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TORONTO--(BUSINESS WIRE)--Sherritt International Corporation (“Sherritt” or the “Company”) (TSX:S), a world leader in the mining and refining of nickel and cobalt from lateritic ores, today announced that Andrew Snowden, Senior Vice President and Chief Financial Officer, has resigned his position to pursue an opportunity outside of the Company. Mr. Snowden will provide a smooth transition through his resignation date, which is effective December 31, 2020. Nathan Reeve, currently Sherritt’s Vice President, Finance, will assume the responsibilities of Chief Financial Officer on an interim basis effective January 1, 2021.
“On behalf of Sherritt’s Board and executive team, I want to thank Andrew for his hard work and many contributions to the Company,” said David Pathe, President and CEO of Sherritt International Inc. “Andrew has been instrumental in reshaping the finance function, and has been a strong contributor to our strategy and operating effectiveness. We wish him all of the best in his future endeavours.”
“I am grateful for my time at Sherritt and all that has been achieved in recent years,” said Andrew Snowden, Sherritt’s outgoing Chief Financial Officer. “I continue to believe in the underlying fundamentals of the business and the strong outlook for the Company. I wish the team all of the best and many future successes.”
Mr. Reeve has served as Vice President, Finance since joining Sherritt in October 2018, and has more than 25 years of industry experience across a number of accounting, finance and treasury roles. Mr. Reeve holds a Masters of Arts degree from Cambridge University, an MBA from the Richard Ivey School of Business, and is a designated CPA, CA.
About Sherritt
Sherritt is a world leader in the mining and refining of nickel and cobalt from lateritic ores with projects and operations in Canada and Cuba. The Corporation is the largest independent energy producer in Cuba, with extensive oil and power operations across the island. Sherritt licenses its proprietary technologies and provides metallurgical services to mining and refining operations worldwide. The Corporation’s common shares are listed on the Toronto Stock Exchange under the symbol “S”.
Joe Racanelli, Director of Investor Relations
Telephone: 416-935-2457
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www.sherritt.com
DUBLIN--(BUSINESS WIRE)--The "Base Oil Market by Group (Group I, Group II, Group III, Group IV, Group V), Application (Automotive Oil, Industrial Oil, Hydraulic Oil, Grease, Metalworking Fluid), Region (North America, Europe, Asia Pacific, South America, MEA) - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global base oil market size is projected to grow from USD 28.7 billion in 2020 to USD 36.7 billion by 2025, at a CAGR of 5.0% from 2020 to 2025.
The growing demand for high-grade oils in the automotive industry is driving the base oil industry growth as well as the rising GDP in the Asia Pacific. The increasing inclination toward cleaner and better-quality base oil is restraining the growth of the market.
The Group II base oil segment is projected to lead the base oil industry from 2019 to 2024
The Group II base oil segment accounted for the largest base oil market share in 2019. Group II base oil is used in a multitude of applications, such as marine and gas engine applications, in trunk piston engine oils, and other applications in the base oil industry. The growth in this market is attributed mainly to the high performance and the affordability of Group II base oil in comparison to the other base oil (Group) segments. Moreover, the Group II base oil segment is projected to lead the market during the forecast period.
The automotive oil application segment is projected to lead the global base oil industry during the forecast period
Based on the application, the automotive oil application segment led the base oil market in 2019. The growth of this segment can be attributed to the growth of the automotive sector in the developing regions of the world, and the increasing population in APAC is driving the growth of the automotive oil application segment.
Asia Pacific is projected to lead the global base oil market during the forecast period
The Asia Pacific region is expected to lead the base oil industry from 2020 to 2025 in terms of both value and volume. The demand for base oil is increasing in Asia Pacific owing to the growing automotive industry in the region. Also, the increasing GDP in the area is expected to fuel the demand for automobiles; thus, driving the base oil market growth. The market in this region is also projected to continue its market dominance in terms of both value and volume, from 2020 to 2025, owing to the and rising industrial activities in the developing countries of the Asia Pacific region.
Companies Mentioned
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AMSTERDAM--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, today announced the results of the ICE Endex gas storage auction held on November 25, 2020, on behalf of GasTerra.
On November 25, a total of 1,696,084 Standard Bundled Units (SBUs) for the contract period 2021/2022 were offered to the market and after five auction rounds, all SBUs were allocated. The outcome of the auction is an average weighted price per SBU of 3.35 EUR.
ICE Endex has successfully operated auctions for virtual gas storage services in the Netherlands since 2011, with auctions taking place twice a year.
Gas storage services are sold in the form of SBUs, which allow market participants to inject or withdraw gas from a virtual storage facility. An SBU has a capacity of 1,440 kWh and participants may withdraw between 0.6 and 1.0 kWh per hour and inject up to 0.3333 kWh per hour. The total annual gas storage space is almost 5 billion kWh of natural gas or 3,392,168 SBUs. The natural gas from this virtual storage is delivered at the Title Transfer Facility (TTF). TTF is the most liquid European natural gas benchmark, followed by ICE’s UK Natural Gas Futures.
Amid the liberalization of liquefied natural gas and the corresponding globalization of natural gas markets, TTF is evolving into a global natural gas benchmark. TTF Futures and Options volume is up more than 50% year over year, while Open Interest is up more than 20% year over year.
As a leading energy exchange in Continental Europe, ICE Endex provides transparent and widely accessible continental European markets for trading natural gas and power derivatives, gas balancing markets and gas storage services.
About Intercontinental Exchange
Intercontinental Exchange (NYSE: ICE) is a Fortune 500 company and provider of marketplace infrastructure, data services and technology solutions to a broad range of customers including financial institutions, corporations and government entities. We operate regulated marketplaces, including the New York Stock Exchange, for the listing, trading and clearing of a broad array of derivatives contracts and financial securities across major asset classes. Our comprehensive data services offering supports the trading, investment, risk management and connectivity needs of customers around the world and across asset classes. As a leading technology provider for the U.S. residential mortgage industry, ICE Mortgage Technology provides the technology and infrastructure to transform and digitize U.S. residential mortgages, from application and loan origination through to final settlement.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at http://www.intercontinentalexchange.com/terms-of-use. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2019, as filed with the SEC on February 6, 2020.
ICE-CORP
Source: Intercontinental Exchange
ICE Media Contact:
Rebecca Mitchell
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DUBLIN--(BUSINESS WIRE)--The "Renewable Energy Market, Size, Share, Outlook and COVID-19 Strategies, Global Forecasts from 2019 to 2026" report has been added to ResearchAndMarkets.com's offering.
As the Renewable Energy industry shifts, the report presents the emerging market trends, factors driving the Renewable Energy market growth, and potential opportunities over the forecast period. The trends underpinning the profitability of Renewable Energy companies are shifting rapidly, forcing companies to carefully align their strengths in synchronization with Renewable Energy industry trends.
To avoid getting left behind in an intensive competitive Renewable Energy market, global companies need a new approach to ensure they create value in this environment. Amid increasing activities of M&A and growing activist-investor activity, Renewable Energy companies must strengthen their capabilities to maintain their market shares in the Renewable Energy industry.
The report explores changing Renewable Energy market landscape, capital markets, strategies, mergers & acquisitions in the global and country-level markets.
The report presents an introduction to the Renewable Energy market in 2020, analyzing the COVID-19 impact both quantitatively and qualitatively. It presents the strategies being adopted by leading Renewable Energy companies, emerging market trends, Renewable Energy market drivers, challenges, and potential opportunities to 2026. The market attractiveness index is also included to assess the impact of suppliers, buyers, competitive landscape, new entrants, and substitutes on the Renewable Energy market.
The global Renewable Energy market size is forecast across different scenarios including the actual forecasts and COVID-19 affected forecasts from 2019 to 2026. Further, Renewable Energy market revenue and market shares in global industry are forecast across different types of Renewable Energy, applications, and end-user segments of Renewable Energy and across 18 countries.
Companies Mentioned
Report Guide
General Scope
Key Topics Covered:
1 Table of Contents
2 Executive Summary
2.1 Market Panorama, 2020
2.2 Renewable Energy Outlook to 2026 - Original Forecasts
2.3 Renewable Energy Outlook to 2026 - COVID-19 Affected Forecasts
3 Strategic Analytics to Boost Productivity and Profitability
3.1 Potential Market Drivers and Opportunities
3.2 New Challenges and Strategies being adopted by Companies
3.3 Short Term and Long Term Renewable Energy market trends
3.4 Impact of New Entrants, Competitive Landscape, Substitutes, Buyer and Supplier Powers
4 Global Renewable Energy Market Outlook across Types to 2026
4.1 Asia Pacific Renewable Energy Market Outlook across Types, 2019 - 2026
4.2 Europe Renewable Energy Market Outlook across Types, 2019 - 2026
4.3 North America Renewable Energy Market Outlook across Types, 2019 - 2026
4.4 South and Central America Renewable Energy Market Outlook across Types, 2019 - 2026
4.5 Middle East Africa Renewable Energy Market Outlook across Types, 2019 - 2026
5 Global Renewable Energy Market Outlook across Applications to 2026
5.1 Asia Pacific Renewable Energy Market Outlook across Applications, 2019 - 2026
5.2 Europe Renewable Energy Market Outlook across Applications, 2019 - 2026
5.3 North America Renewable Energy Market Outlook across Applications, 2019 - 2026
5.4 South and Central America Renewable Energy Market Outlook across Applications, 2019 - 2026
5.5 Middle East Africa Renewable Energy Market Outlook across Applications, 2019 - 2026
6 Country - wise Renewable Energy Market Analysis and Outlook to 2026
7 Global Renewable Energy Market Competitive Analysis
7.1 Top 10 Leading Companies in the global Renewable Energy industry
7.1.1 Business Overview
7.1.2 Renewable Energy Products and Services
7.1.3 SWOT Analysis
7.1.4 Financial Profile
8 Global Renewable Energy Market - Recent Developments
8.1 Renewable Energy Market News and Developments
8.2 Renewable Energy Market Deals Landscape
9 Appendix
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Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "LED Lighting in Oil & Gas Market - Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The LED Lighting for Oil and Gas market is expected to reach $188.7m by 2025, growing at a steady rate of 3.4% during the forecast period owing to the long lifespan and durability of LED lighting in harsh environments.
Moreover, LED lighting uses less power and provides better visibility, the primary factors which is driving oil and gas manufacturers to install LED lighting in their plant locations.
LED Lighting for Oil and Gas Market Outlook
The LED Lighting Market in Oil and Gas refers to an electric light or a cluster of electrical lights housed in a light fixture that produces light using light-emitting diode (LED). LEDs are used in signaling devices or lighting fixtures that are installed in various hazardous sectors of oil and gas industry. LED lightings and fixtures are more ideal than traditional incandescent and fluorescent lamps.
In comparison, quality LED lights possess properties that enables them to withstand high temperatures, are heat & flame resistant, and can also withstand explosions in hazardous areas. LEDs use at least 75% less energy and last up to 25 times longer than incandescent lighting.
Market Dynamics
LED Lighting for Oil and Gas Market Growth Drivers
Increasing demand for power is leading to investments for commissioning of new advanced power generation units in the existing bases. Also, increasing safety concerns are leading to regular maintenance of the plants. These factors are set to drive the LED lighting market in oil and gas.
LED Lighting for Oil and Gas Market Challenges
Rising resource autonomy and environmental awareness has blocked numerous upcoming exploration sites in the world. This results in the budget allocation by the government of various economies that further limits the funds that would be allocated on exploration, excavation and extraction projects. This is analyzed to constrain the growth of the LED lighting market in oil & gas.
LED Lighting for Oil and Gas Market Research Scope
The base year of the study is 2020, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the LED Lighting for Oil and Gas market.
The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period.
This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of LED Lighting Oil and Gas market, and their specific applications in different industries.
LED Lighting for Oil and Gas Market Key Players Perspective
Hubbel Inc. headquartered in the U.S. is the leading player in designing, manufacturing, and selling of electrical and electronics products for residential and commercial applications. This is the major company contributing to around 8% of the overall market revenue. The company being the pioneer in LED lighting in oil and gas for various applications has remained as the dominant player. The next leading players are Dialight and Eaton Corp. with 8% and 7% of market share respectively.
Some of the other key players mentioned in this report are Eaton Corp., Emerson Electric Co., ABB Group, GE Company, Dialight Plc, AZZ Inc., Larson Electronics Inc., and Adolf Schuch GmbH.
LED Lighting for Oil and Gas Market Trends
Industry Coverage
Groups of LED Lighting for Oil and Gas: IEC & EU Standards, NEC
Zones of LED Lighting for Oil and Gas: Zone 0, Zone 1, Zone 2
Temperature Class of LED Lighting for Oil and Gas: T1 (450C or 842F), T2 (300C or 572F), T3 (200C or 392F), T4 (135C or 275F), T5 (100C or 212F), T6 (85C or 185F)
Applications of LED Lighting for Oil and Gas: Area Lighting, Linear Lighting, Flood Lighting, Exit & Emergency Lighting, Portable & Task Lighting, Signaling, Others
Sectors of LED Lighting for Oil and Gas: Upstream, Midstream, Downstream
The LED Lighting for Oil and Gas market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions.
For more information about this report visit https://www.researchandmarkets.com/r/axpc78
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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