LONDON--(BUSINESS WIRE)--#GlobalOffshoreOilandGasPipelineMarket--The global offshore oil and gas pipeline market is expected to grow by USD 2.79 billion, progressing at a CAGR of over 4% during the forecast period. Technavio expects the market to have a negative impact due to the spread of the COVID-19 pandemic. The pandemic delayed several oil and gas pipeline projects across the world. However, the market is expected to gradually gain pace, once business processes and investment activities in the oil and gas industry are back to normal.
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"One of the primary growth drivers for this market is the increase in global energy demand”, says a senior analyst for the Energy industry at Technavio. Rising industrialization and urbanization in developing countries such as India and China have significantly increased the global consumption and demand for oil and gas. Besides, the expansion of existing gas-fired power plants and the emergence of new power plants is increasing the demand for offshore oil and gas pipelines, which is driving the market growth.
Offshore Oil and Gas Pipeline Market Segment Highlights for 2020
Regional Analysis
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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)--#GlobalWindTurbineMonitoringSystemsMarket--The global wind turbine monitoring systems market size is poised to grow by USD 4.23 billion during 2020-2024, progressing at a CAGR of almost 16% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
The increase in the failure of wind turbine components is one of the key factors driving the growth of the global wind turbine monitoring system during the forecast period. Due to the dynamic nature of wind, these generators endure various recurrent load variations and mechanical stress, which can lead to their breakdown. Any damage to the wind turbine generator will adversely impact the entire operation of the wind turbine. This is where the monitoring system comes in very handy, as it can detect accidents early and provide a timely response before significant losses occur. Thus, the failure of components is expected to drive the market for wind turbine monitoring systems.
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The reduction in cost for wind projects will be a Key Market Trend
This reduction in the cost of wind projects is mainly due to the drop in prices for offshore applications. Given that wind-generated electricity prices are extremely competitive, they incur costs that are lower than all other renewable resources. Moreover, further cost reduction will further drive the growth of the wind energy market during the forecast period.
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Wind Turbine Monitoring Systems Market 2020-2024: Key Highlights
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Automation Solution Market in Renewable Power Generation Industry by End-user and Geography - Forecast and Analysis 2020-2024: The automation solution market size in the renewable power generation industry has the potential to grow by USD 3.10 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
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)--#FlexiblePipesMarketforOilandGas--The global flexible pipes market for oil and gas is expected to grow by USD 123.54 million, progressing at a CAGR of over 2% during the forecast period. The outbreak of the COVID-19 pandemic has negatively impacted the growth of the market. The increasing incidence of COVID-19 has affected oil and gas manufacturing and related activities and subsequently the demand for flexible pipes. However, the growing demand for energy from developing countries such as China and India and increasing investments in the oil and gas industry in Southeast Asia is expected to open new opportunities for market players during the forecast period.
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"One of the primary growth drivers for this market is the rising investment in upstream oil and gas activity,” says a senior analyst for the Energy industry at Technavio. The growing population and rapid urbanization have increased the global demand for energy. This is compelling many countries to explore untapped oil and gas resources using advanced technologies. It has increased investments in mature oil and gas fields, which is driving the demand for flexible pipes for oil and gas production.
Flexible Pipes Market for Oil and Gas Segment Highlights for 2020
Regional Analysis
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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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Charging collaboration provides access to one of the largest networks of public chargers for drivers and support for retailers
CAMPBELL, Calif.--(BUSINESS WIRE)--ChargePoint, one of the world’s largest electric vehicle (EV) charging networks, and Volvo Car USA LLC are working to make the charging experience seamless for drivers of Volvo Cars’ Recharge models and provide support for its retail network. The announcement comes just ahead of the launch of the Volvo XC40 Recharge pure electric SUV across North America.
ChargePoint will support Volvo Cars retail networks across the United States and Canada and provide opportunities for Volvo Car drivers to buy the ChargePoint Home Flex home charger, adding to the convenience of charging at home. Volvo Cars’ drivers will also be able to take advantage of one of North America’s largest EV charging networks with access to most of ChargePoint’s more than 115,000 places to charge and thousands of additional charging spots publicly available through roaming agreements throughout the region.
“The transition to electric mobility is inevitable and the introduction of exciting new EV models like the all-new XC40 Recharge is another example of the shift already underway around the world,” said Michael Hughes, Chief Revenue Officer, ChargePoint. “ChargePoint’s collaboration with Volvo Cars in the United States and Canada will provide a platform for EV charging across public, residential, and retail locations in the United States and Canada. With access to North America’s largest charging network, the ability to buy the ChargePoint Home Flex, and by providing support for retail charging deployments, this is a blueprint for collaborations that can advance the electric mobility revolution into the future.”
“This collaboration with ChargePoint gives Volvo Cars a way to break down one barrier to EV adoption, which is the ability to quickly and easily get a charge,” said Anders Gustafsson, Senior Vice President, Americas and President and CEO, Volvo Car USA.
Home Charging Solutions
As the adoption of EVs increases, fueling behavior changes, transforming the driver experience. Unlike fueling ICE-powered vehicles, charging an EV takes place where the car is parked anyway, with more than 80 percent of charging occurring at home and work. To help enhance the buying experience and make it easier for Volvo Cars’ drivers making the switch to electric, purchasers of the XC40 Recharge and other Recharge models can select to buy the ChargePoint Home Flex, one of the market’s fastest, most advanced and flexible home chargers available today. With the ability to deliver up to 50 amps, Flex allows drivers to charge any EV up to 9 times faster than a standard wall outlet, delivering up to 37 miles of electric driving Range Per Hour. Adjustable amperage options support almost any charging need and can be matched to any home’s electrical supply today and into the future.
Retail Charging Solutions
As Volvo Cars retailers in the U.S. and Canada prepare for the introduction of the brand’s first pure EV, they will have access to ChargePoint’s entire portfolio of AC and DC fast charging hardware and software solutions to fit the wide range of needs required to support the future suite of EVs hitting the market. ChargePoint will offer Volvo Cars’ retailers special pricing and support as they deploy charging infrastructure at their locations. ChargePoint’s comprehensive suite of solutions and services gives retailers access to assistance from site design to installation as well as a robust warranty.
Public Charging Solutions
Drivers of the XC40 Recharge and future Volvo Recharge models, will be able to leverage one of the world’s largest EV charging networks with access to most of ChargePoint’s more than 115,000 places to charge. Through roaming agreements with other EV charging providers, drivers will also be able to access thousands of additional places to charge with one ChargePoint account throughout North America. This represents access to more than 80 percent of publicly available networked EV charging throughout the United States and Canada.
With the ChargePoint app, drivers can conveniently manage both home and public charging in one place, with the ability to locate stations, check status, start a session and more.
About ChargePoint
Since 2007, ChargePoint has been committed to making it easy for businesses and drivers to go electric. The company has built the largest EV charging network and most complete portfolio of charging solutions available today. ChargePoint’s cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail and transport fleets of all types. Today, one ChargePoint account provides access to hundreds-of-thousands of places to charge in North America and Europe. To date, drivers have logged more than 84 million charging sessions, with drivers plugging into the ChargePoint network approximately every two seconds. ChargePoint is creating the new fueling network to move all people and goods on electricity. For more information, visit the ChargePoint pressroom or contact the This email address is being protected from spambots. You need JavaScript enabled to view it. and This email address is being protected from spambots. You need JavaScript enabled to view it. press offices.
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SALT LAKE CITY--(BUSINESS WIRE)--WesTech Engineering, Inc., an employee-owned company, and JS&S (Water Holdings) Inc., a subsidiary of John Swire & Sons Limited ("Swire"), are pleased to announce they have signed a Membership Interest Purchase Agreement (MIPA) for the sale of WesTech to Swire. Terms of the MIPA are confidential and the offer is subject to shareholder approval.
WesTech Engineering, Inc. provides process solutions and services for water and wastewater treatment, liquids/solids separation, and biological treatment needs in municipal, industrial, and minerals markets worldwide.
Swire is a highly diversified global group headquartered in the UK with activities in property development, beverages and food chain, aviation, marine services and other trading and industrial interests. In the water sector, Swire also owns Purestream, a specialized water treatment company compatible to WesTech and together the two companies will be able to accelerate the deployment of their leading solutions.
"WesTech is an excellent company with a nearly five-decade history of delivering world-class equipment and solutions in the water treatment industry," said James Hughes-Hallett, Financial Director of John Swire & Sons. "This agreement will allow Swire to combine its existing resources with WesTech’s capabilities, thereby accelerating our position in the water treatment market – advancing Swire’s commitment to sustainability and specifically the responsible use and management of water."
About WesTech
Founded in 1972, WesTech is an employee-owned company headquartered in Salt Lake City, UT, with offices in Ames, Iowa and globally in Brazil, China, India, Italy, Peru and South Africa. With more than 500 employees, its core purpose is to provide process equipment and water technology solutions to benefit humanity.
About Swire (www.swire.com)
Swire is a highly diversified global group, with principal business activities grouped into five categories: Property, Aviation, Agribusiness & Food Chain, Marine Services and Trading & Industrial. Many of Swire's core businesses can be found within the Asia Pacific region, traditionally centered on the Hong Kong Special Administrative Region and Chinese mainland. Within Asia, Swire's activities come under the group's Hong Kong publicly quoted arm, Swire Pacific Limited. The Swire group's UK-based parent company, John Swire & Sons Limited, has a 55% shareholding in Swire Pacific, and also has major business interests in Australia, Papua New Guinea, East Africa, Sri Lanka, the USA and UK.
John Swire & Sons Limited is responsible for formulating and directing overall group strategy and provides a range of services including recruitment, employment, and training of staff for the group and its subsidiaries, which today employ over 133,000 people worldwide.
Cameron Fuller
Business Strategy Analyst
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In an industry where women are just 19% of the workforce,
Encamp’s new Women of EHS initiative is putting them front and center.
INDIANAPOLIS--(BUSINESS WIRE)--Encamp, an end-to-end environmental compliance platform for the Environment Health and Safety (EHS) sector, has announced its new Women of EHS initiative to let women throughout the EHS industry tell their stories. As a forum, the initiative will let women in all areas of the EHS field discuss aspects of their careers and other environmental and societal issues they’re passionate about. And with the following topics among many on the discussions list, the responses promise to be as candid and illuminating as they are inspirational.
● How and why did you get into the environmental field?
● What are some of the challenges you’ve faced and how have you overcome them?
● Share your thoughts on the future of EHS...
● How can the EHS space improve for women?
● What advice would you give to other women who choose EHS as a career?
The Women of EHS initiative will feature an ongoing series of personal profiles, blogs, videos, and webinars, all to be posted at encamp.com/women-of-ehs.
A greater voice
According to Safety + Health magazine and its 2020 EHS Salary Survey, women currently make up just 19% of the EHS workforce in the U.S. Results of the survey, conducted in conjunction with the Board of Certified Safety Professionals (BCSP), were compiled from more than 9,200 respondents and published in the magazine’s November issue.
Encamp launched its initiative in part to encourage more women to explore EHS as a career. The goal is also to give a greater voice to women who are already leaders in the industry. Of the female respondents to the Safety + Health-BCSP survey, 23% are directors, managers, chiefs, or department heads, and another 36% directly supervise other staff. The average tenure of women in the EHS field is 13 years.
“We need more women and diversity in the industry and in executive roles,” said Jaime Geil, a Senior Environmental Scientist at Encamp and one of the early contributors to the Women in EHS series. “Women need to feel like they can speak up and should be a part of decision making. We have to give women a seat at the table and space to thrive and excel in this industry.”
Agreed, Jaime. That’s why the time is right for Women of EHS to be heard.
About Encamp
Since 2017, organizations have used Encamp’s cloud-based end-to-end platform to simplify how they manage documents, tasks and deadlines for Environmental Health and Safety (EHS) compliance. Businesses also more easily submit Tier II forms for hazardous chemicals and reports for the Emergency Planning and Community Right-to-Know Act (EPCRA), and track their compliance status in all 50 states. This makes our platform truly one of a kind and has made Encamp the largest third-party filer of EPCRA Tier II reports in the EHS industry.
Encamp
Jessica Engel, Director of Marketing
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LONDON--(BUSINESS WIRE)--#covid19--The Fuel Oil Utilities Market is poised to experience spend growth of more than USD 123 billion between 2020-2024 at a CAGR of over 3.85%. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Request free sample pages
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SpendEdge's reports now include an in-depth complimentary analysis of the COVID-19 impact on procurement and the latest market data to help your company overcome sourcing challenges. Our Fuel Oil Utilities Market procurement intelligence report offers actionable procurement intelligence insights, sourcing strategies, and action plans to mitigate risks arising out of the current pandemic situation. The insights offered by our reports will help procurement professionals streamline supply chain operations and gain insights into the best procurement practices to mitigate losses.
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Some of the top Fuel Oil Utilities Market suppliers enlisted in this report
This Fuel Oil Utilities Market procurement intelligence report has enlisted the top suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies.
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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
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Leading Global Energy Producer Chooses Nutanix Infrastructure as It Focuses on Innovation and Sustainability
SAN JOSE, Calif.--(BUSINESS WIRE)--Nutanix (NASDAQ: NTNX), a leader in hybrid and multicloud computing, announced today that Total, one of the largest energy producers in the world, has implemented Nutanix solutions, including Nutanix’s hyperconverged infrastructure (HCI) software, AHV, Files, Flow, Prism, and Xi Frame to develop a unified IT environment supporting the majority of their global operations. Total selected Nutanix to deliver the reliability and performance its users expect, while ensuring the necessary flexibility for the company to adapt to the fast-changing oil and gas industry. Additionally, the company selected Nutanix to support its goal of dramatically minimizing its datacenter footprint as part of its environmental initiatives to reduce greenhouse emissions.
One of the largest energy producers in the world, Total S.A. is a French multinational company whose businesses cover the entire oil and gas supply chain. Its global operations encompass everything from crude oil and natural gas exploration and production, to power generation, transportation, refining, petroleum product marketing, and international crude oil and product trading.
To power its global, distributed operations, Total needed an IT environment that could support its 7,000 applications across the organization, as well as to help increase the reliability and flexibility of their IT infrastructure. In addition, Total also needed a solution that would help them modernize their siloed datacenter and provide a consistent platform and management for all the company’s sites, regardless of the size of each site.
“Over the past few years, we have standardized the majority of our IT infrastructure on Nutanix and have migrated our operations to several clusters throughout North America,” said Guillaume Brocard, Senior Operations Advisor at Total. “These 11 clusters are 100 percent Nutanix, with no other on-premises infrastructure. Standardizing on Nutanix has enabled us to dramatically reduce our total cost of ownership, while helping us make our operations more efficient.”
Nutanix solutions help enable Total to streamline administration and enhance automations, including maintenance, as well as optimize costs. Nutanix solutions also contribute to providing the reliability and performance required to maintain its business leadership in the challenging energy production space, as any loss of services could have significant repercussions. With Nutanix software powering its IT infrastructure in North America, Total has experienced no loss of services for its affiliates in the past three years.
In addition to streamlining operations and increasing reliability, Nutanix solutions help enable Total to quickly deploy resources to keep up with their growing needs. The ability to quickly scale, as well as roll in and roll out resources as needed, is an important aspect for Total as it navigates a changing landscape with ever-evolving IT needs. The Nutanix software-defined infrastructure solution enables this flexibility while also providing built-in data protection and one-click security upgrades to help maintain the security and integrity of sensitive industry data.
“With over 7,000 applications across their global organization, Total needed an IT infrastructure that could consistently deliver high performance globally,” said Andrew Brinded, Vice President & General Manager EMEA Sales at Nutanix. “With Nutanix, Total has the peace of mind of knowing they have a reliable infrastructure that can easily scale to meet the growing needs of the industry.”
With a wide variety of Nutanix solutions supporting key infrastructure operations, Total now has an extensible foundation that can bring new efficiencies to their operations. Over the next three years, Total plans to continue ramping up its Nutanix environment to enable additional sites and services, optimizing costs using Nutanix solutions together with other technologies.
More information on how Total is implementing Nutanix solutions is available here.
About Nutanix
Nutanix is a global leader in cloud software and a pioneer in hyperconverged infrastructure solutions, making computing invisible anywhere. Organizations around the world use Nutanix software to leverage a single platform to manage any app at any location at any scale for their private, hybrid and multi-cloud environments. Learn more at www.nutanix.com or follow us on Twitter @nutanix.
© 2020 Nutanix, Inc. All rights reserved. Nutanix, the Nutanix logo and all Nutanix product and service names mentioned herein are registered trademarks or trademarks of Nutanix, Inc. in the United States and other countries. All other brand names mentioned herein are for identification purposes only and may be the trademarks of their respective holder(s). This press release may contain links to external websites that are not part of Nutanix.com. Nutanix does not control these sites and disclaims all responsibility for the content or accuracy of any external site. Our decision to link to an external site should not be considered an endorsement of any content on such a site. This release may contain express and implied forward-looking statements, which are not historical facts and are instead based on our current expectations, estimates and beliefs. The accuracy of such statements involves risks and uncertainties and depends upon future events, including those that may be beyond our control, and actual results may differ materially and adversely from those anticipated or implied by such statements. Any forward-looking statements included herein speak only as of the date hereof and, except as required by law, we assume no obligation to update or otherwise revise any of such forward-looking statements to reflect subsequent events or circumstances.
Nutanix
Lia Bigano
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Extension - 12636
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Cognite Data Fusion powers Spot, the Boston Dynamics quadruped robot dog, as it completes autonomous mission onboard Aker BP Skarv installation in the North Sea
OSLO, Norway--(BUSINESS WIRE)--Cognite a global industrial AI software-as-a-service (SaaS) company supporting the full-scale digital transformation of heavy-asset industries around the world, has partnered with fully-fledged exploration and production company Aker BP to deploy Spot, the quadruped robotic dog, to pioneer the remote controlled offshore mission on the Skarv installation, 210 kilometers offshore in the North Sea.
The effort continues to build upon Aker BP and Cognite’s bold digital agenda to transform the industry through digitalization, which will result in improved efficiency, safety, and sustainability offshore. This recent endeavor signals a significant opportunity to transform the oil and gas industry worldwide.
Aker BP is committed to affordable, reliable, sustainable, and modern energy for all, and using robotics is a strong part of this vision. Spot’s work offshore is the next step in his journey as he was issued his official employee number in February at the Aker BP Capital Markets Day. In addition Aker BP has a number of other projects involving drones and additional mobile robots to deliver on their vision of optimized remote operations using Cognite’s data driven technology.
Cognite’s main software product, Cognite Data Fusion (CDF), served as the data infrastructure for the offshore test which collected images, scans, and sensors from robotics systems and then shared the data across Aker BP via a dashboard to make it actionable. Tasks included: autonomous inspection, high-quality data capture, and automatic report generation. These data insights provide onshore operators with telepresence on offshore installations allowing them complete realtime mission planning and help drive crucial activities.
The mobility of Spot offshore, and the communication between Spot, Cognite Data Fusion and Aker BP was both verified and tested. Data from Spot was available and sorted in Cognite Data Fusion in milliseconds, and Spot was remote controlled from a Cognite home office onshore demonstrating how robots and digital twins can have synergies and enhance each other. In addition, data from an operator round was collected to analyze if the sensor-stack on Spot was sufficient to comply with the proposed task.
“We are eager to explore how robotics systems can make offshore operations safer, more efficient, and more sustainable. The Spot offshore visit at the Skarv FPSO is one small step towards Aker BP’s vision to digitalize all our operations from cradle to grave to increase productivity, enhance quality, and improve the safety of our employees,” said Karl Johnny Hersvik, CEO of Aker BP.
“Missions like these demonstrate Spot’s value in difficult environments. Cognite continues to excel in testing and validating Spot’s ability to reduce risk to humans and provide value in the energy industry,” said Michael Perry, Vice President of Business Development at Boston Dynamics.
“This historic pairing of minds and machines working together to solve industry problems demonstrates that data driven decisions can change industry now,” said Dr. John Markus Lervik, CEO of Cognite. “This ability to guide Spot by remote control is a huge step forward for the industry and something we will continue to work closely with our partners on as we continue to innovate and provide data driven solutions.”
Cognite Data Fusion (CDF) is a cloud-based industrial data operations and intelligence platform, and it integrates seamlessly with existing IT and OT applications in the cloud, edge, and on-premise. CDF contextually enriches industrial data, providing an open, unified industrial data model that is easily accessible for humans and applications, enabling better analytical operations and data-driven decisions.
About Cognite
Cognite is a global industrial software-as-a-service (SaaS) company supporting the full-scale digital data driven transformation of heavy-asset industries around the world. Our core product, Cognite Data Fusion (CDF), is an industrial data operations and contextualization platform, putting raw data into real-world industrial context, enabling rapid application & solution creation at scale. CDF powers companies with contextualized OT/IT/ET data to develop solutions that increase safety, sustainability, efficiency, and drive revenue. Visit us at www.cognite.com and follow us on Twitter @CogniteData or at LinkedIn: https://www.linkedin.com/company/cognitedata
About Aker BP
Aker BP is a fully-fledged E&P company with exploration, development and production activities on the Norwegian Continental Shelf (NCS). Measured in production, Aker BP is one of the largest independent oil companies in Europe. Aker BP is the operator of Alvheim, Ivar Aasen, Skarv, Valhall, Hod, Ula and Tambar, partner in the Johan Sverdrup field and has a total of 141 licenses, including non-operated licenses. Aker BP holds no oil or gas assets outside Norway. Visit us at www.akerbp.com or follow us at LinkedIn, Facebook or Instagram.
Cognite
Michelle Holford
Global PR Lead
+15127443420 (US)
+4748290454 (Norway)
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Aker BP
Ole-Johan Faret
Press spokesperson
+4740224217
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LONDON--(BUSINESS WIRE)--#GlobalOffshoreWindTurbineMarket--Technavio has been monitoring the offshore wind turbine market and it is poised to grow by 54,975 MT during 2020-2024, progressing at a CAGR of almost 24% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Eaton Corporation Plc, ENERCON GmbH, General Electric Co., Hitachi Ltd., Nordex SE, Senvion SA, Siemens AG, Suzlon Energy Ltd., Vestas Wind System AS, and Xinjiang Goldwind Science & Technology Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Government support for wind energy projects has been instrumental in driving the growth of the market. However, competition from alternative sources of energy might hamper market growth.
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Offshore Wind Turbine Market 2020-2024: Segmentation
Offshore Wind Turbine Market is segmented as below:
Offshore Wind Turbine Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The offshore wind turbine market report covers the following areas:
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Offshore Wind Turbine Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Substructures
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 focus 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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DUBLIN--(BUSINESS WIRE)--The "Oil Refining Industry in Libya 2020" report has been added to ResearchAndMarkets.com's offering.
The downstream energy sector report, "Oil Refining Industry in Libya" is a complete source of information on Libya's crude oil refining industry. It provides refinery level information relating to existing and planned (new build) refineries such as insights and forecasts of refinery capacities, refined petroleum products production and consumption, refinery complexity factor and comparison against peer group countries in the respective region. The report also covers complete details of major players operating in the refining sector in Libya and in depth analysis of the latest industry news and deals.
Report Scope
Key report benefits:
Key Topics Covered:
1 Table of Contents
1.1 List of Figures
1.2 List of Tables
2 Introduction to Libya Refining Markets
3 Refining Industry in Libya
3.1 Libya Refining Market Snapshot, 2019
3.2 Role of Libya in Global and Regional Refining Markets
3.2.1 Contribution to Middle East and Africa and Global Refining Capacity, 2019
3.2.2 Libya Average Nelson Complexity Factor (NCF) vs. Middle East and Africa and Global, 2019
4 Libya Refining Market- Drivers and Restraints
4.1 Libya Refining Industry: Trends and Issues
4.2 Major Restrains of Investing in Libya Refining Sector
5 Libya Oil Products Demand and Supply Forecast to 2025
5.1 Libya Refined Products Demand Forecast to 2025
5.2 Libya Refined Products Production Forecast to 2025
6 Libya Refinery Capacities Forecast to 2025
6.1 Location, Operator, Ownership, Startup Details of Operational Refineries in Libya
6.2 Libya Total Refining Capacity Historic and Forecast, 2012-2025
6.3 Libya Refining Capacity Historic and Forecast, 2012-2025
6.4 Libya Refinery wise Secondary Conversion Unit-1 Capacity, 2012-2025
6.5 Libya Refinery wise Secondary Conversion Unit-2 Capacity, 2012-2025
6.6 Libya Refinery wise Secondary Conversion Unit-3 Capacity, 2012-2025
7 Libya Refining Industry- Future Developments and Investment Opportunities
7.1 Capital Investment Details of All Upcoming Refineries
7.2 Location, Operator, Ownership, Start Up Details of Planned Refineries in Libya
7.2.1 Refinery Location, Operator, Ownership, Startup Details
7.3 Refinery Capacities of All Upcoming Refineries
8 Key Strategies Libya Refining Companies
8.1 Libya Company wise Refining Capacity Forecast, 2012-2025
9 National Oil Corporation (NOC) Company Profile
9.1 National Oil Corporation (NOC) Key Information
9.2 National Oil Corporation (NOC) Company Overview
9.3 National Oil Corporation (NOC) Business Description
9.4 National Oil Corporation (NOC) SWOT Analysis
9.5 National Oil Corporation (NOC) Financial Ratios - Capital Market Ratios
9.6 National Oil Corporation (NOC) Financial Ratios - Annual Ratios
9.7 National Oil Corporation (NOC) Financial Ratios - Interim Ratios
10 Libya Refining Industry Latest Tenders and Contracts
11 Libya Refining Industry Updates
12 Libya Refining Industry Deals
13 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/fbu8tz
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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DUBLIN--(BUSINESS WIRE)--The "South America Bunker Fuel Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The South America bunker fuel market is expected to grow at a CAGR of more than 14% over the period of 2020-2025
The bunker fuel market in the region is mainly driven by the ever-rising marine transportation of essential commodities, implementation of the stricter environmental regulations driving the demand for cleaner bunker fuels, and the increase in the use of marine vessels for offshore oil and gas developments. However, the outbreak of COVID-19, leading to the global economic and maritime trade slowdown is likely to restrain the growth of the South America bunker fuel market in the coming years.
The Very Low Sulfur Fuel Oil (VLSFO) is expected to witness significant growth during the forecast period, owing to factors like IMO 2020 Regulations that came into effect from January 1st, 2020.
Developing sea trade routes and rising international maritime trade may offer tremendous opportunities for marine fuel suppliers in the region.
Brazil is expected to dominate the bunker fuel market in the region owing to factors like huge crude oil production and a steady rise in exports from the country.
Key Market Trends
Very Low Sulfur Fuel Oil (VLSFO) to Witness Significant Growth
Very Low Sulfur Fuel Oil (VLSFO) is expected to witness significant growth in the forecast period, owing to factors like IMO 2020 Regulations that came into effect on 1st January 2020, and rising environmental concerns over high greenhouse gases emissions from the marine sector.
Brazil to Dominate the Market
Brazil is the largest economy in the region and is expected to be the fastest-growing economy in the forecast period. The country is one of the fastest-growing countries in the world because of the increasing population, urbanization, and industrialization.
Competitive Landscape
The South America bunker fuel market is moderately fragmented. Some of the key players in this market include Bunker Holding A/S, Monjasa Holding A/S, Vitol Holding BV, World Fuel Services Corp, and Peninsula Petroleum Ltd.
Key Topics Covered:
1 INTRODUCTION
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2025
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Fuel Type
5.1.1 High Sulfur Fuel Oil (HSFO)
5.1.2 Very Low Sulfur Fuel Oil (VLSFO)
5.1.3 Marine Gas Oil (MGO)
5.1.4 Liquefied Natural Gas (LNG)
5.1.5 Others (Methanol, LPG, Biodiesel)
5.2 Vessel Type
5.2.1 Containers
5.2.2 Tankers
5.2.3 General Cargo
5.2.4 Bulk Container
5.2.5 Others
5.3 Geography
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Fuel Suppliers
6.3.1.1 Vitol Holding BV
6.3.1.2 Monjasa Holding A/S
6.3.1.3 Bunker Holding A/S
6.3.1.4 World Fuel Services Corp
6.3.1.5 Peninsula Petroleum Ltd
6.3.1.6 Total SA
6.3.1.7 Chevron Corporation
6.3.2 Ship Owners
6.3.2.1 AP Moeller Maersk A/S
6.3.2.2 Mediterranean Shipping Company S.A.
6.3.2.3 China COSCO Holdings Company Limited
6.3.2.4 CMA CGM Group
6.3.2.5 Hapag-Lloyd AG
6.3.2.6 Ocean Network Express
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/wl5fg9
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Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Oil and Gas Magnetic Ranging Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The oil and gas magnetic ranging market is expected to grow at a CAGR of more than 5% during the forecast period of 2020-2025.
Companies Mentioned
Key Market Trends
Onshore Segment to Dominate the Demand
Magnetic ranging refers to the determination of the relative position of one well with respect to other using magnetic measurements. It is used for several oil field applications, including positioning blow-out relief wells, steam-assisted gravity drainage, heavy oil applications, and planned intersection of one well with another.
North America to Dominate the Market
The United States is one of the largest producers of crude oil and natural gas, accounting for around 18% and 23% of the global production, respectively, in 2019. Already with 8390 drilled incomplete wells, new projects are expected to come online in the forecast period.
Key Topics Covered:
1 INTRODUCTION
1.1 Scope of Study
1.2 Market Definiton
1.3 Study Assumptions
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2025
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Location of Deployment
5.1.1 Offshore
5.1.2 Onshore
5.2 Geogrpahy
5.2.1 North America
5.2.2 Europe
5.2.3 Asia-Pacific
5.2.4 Middle-East and Africa
5.2.5 South America
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/hfav6d
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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LONDON--(BUSINESS WIRE)--#GlobalResidentialSolarEnergyStorageMarket--The residential solar energy storage market is expected to grow by USD 26.59 billion, progressing at a CAGR of about 37% during the forecast period. Technavio estimates the market to have a negative impact due to the spread of the COVID-19 pandemic. The imposition of lockdown to contain the spread of the novel coronavirus resulted in a partial or complete shutdown of manufacturing activities in the short term. This led to a decline in the demand for solar energy storage equipment. However, the market is expected to recover and post healthy growth as many companies are resuming their operations and things getting back to normal.
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The rising energy costs is one of the major factors propelling the market growth. The rising cost of energy is encouraging many residential end-users to opt for renewable power sources such as solar. This has increased the demand for solar energy storage systems for residential applications, which is driving the growth of the market. However, technical challenges associated with battery technology might hamper market growth.
More details: https://www.technavio.com/report/residential-solar-energy-storage-market-size-industry-analysis
Residential Solar Energy Storage Market: Technology Landscape
Based on the technology, the market saw maximum growth in the lithium-ion batteries segment in 2019. This is due to the various benefits of lithium-ion batteries compared to other battery types. The market growth in the segment will be significant during the forecast period.
Residential Solar Energy Storage Market: Geographic Landscape
By geography, APAC is going to have a lucrative growth during the forecast period. About 51% of the market’s overall growth is expected to originate from APAC. The growth of the market in APAC is driven by the increasing investment in green construction projects and zero energy buildings.
China, Japan, and India are the key markets for residential solar energy storage market in APAC. The growth of the residential solar energy storage market size 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 Technology
Customer landscape
Geographic Landscape
Drivers, Challenges, and Trends
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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Media & Marketing Executive
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Website: www.technavio.com/
DUBAI, United Arab Emirates--(BUSINESS WIRE)--The UAE Water Aid Foundation (Suqia UAE), under the Mohammed bin Rashid Al Maktoum Global Initiatives, has opened registration for the 3rd Mohammed bin Rashid Al Maktoum Global Water Award. The award, with total prizes worth USD 1 million, aims to find sustainable and innovative solutions for water scarcity. Suqia has upscaled the award to include new technologies to produce, distribute, store, monitor, desalinate and purify water using renewable energy.
Suqia has added the Innovative Crisis Solutions Award to the three existing categories: Innovative Projects Award, Innovative Individual Award, and Innovative Research and Development Award. This encourages a larger number of research institutions and individuals to participate in the Award.
The Innovative Crisis Solutions Award is worth USD 20,000 and is allocated for small enterprises, research institutions and NGOs to innovate projects that can be deployed in emergencies. The project has to prove that it can aid at least 1,000 people in need of fresh water during the initial and critical phases of humanitarian assistance. In this category, the applicant need not demonstrate the use of renewable energy, but it is preferable.
HE Saeed Mohammed Al Tayer, Chairman of the Board of Trustees at Suqia UAE, said that upscaling the award and adding a new category, supports Suqia’s commitment to the vision of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. This is to provide drinking water for people in need, especially the afflicted and underprivileged around the world; regardless of religion, ethnicity, culture, or nationality. The first and second cycles of the award witnessed a large turnout from international research centres, individuals, and innovators.
The Award supports Suqia UAE’s efforts, which, over the past five years, has helped over 13 million individuals in 36 countries through 1,000 sustainable water projects.
Registration in the Award is open until April 2021 on https://www.suqia.ae/en/awards
*Source: AETOSWire
Dubai Electricity and Water Authority
Khuloud Al Ali / Shaikha Almheiri / Mohammad Almheiri
+971563974965 / +971552288228 / +971552725291
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LONDON--(BUSINESS WIRE)--#GlobalWindTowerMarket--The wind tower market is expected to grow by USD 6.75 billion, progressing at a CAGR of over 4% during the forecast period. The spread of the COVID-19 pandemic has left a negative impact on the growth of the market. Governments across the world imposed lockdowns to contain the spread of the novel coronavirus. This resulted in a partial or complete shutdown of manufacturing activities in the short term, which significantly affected the market demand. However, the market is expected to recover and post healthy growth as many companies are resuming their operations and things are getting back to normal. In addition, many governments worldwide are making significant investments in the installation of wind power systems, which is creating a significant rise in demand for wind towers globally.
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The increasing demand for heightened wind towers is one of the major factors propelling the market growth. The wind blows more steadily in higher altitudes. Also, high-altitude wind towers produce more power from a single wind turbine, thereby reducing the total number of turbines needed in a wind farm. Hence, significant investments are being made in the development and installation of heightened wind towers. Besides, increasing government support for wind energy projects is expected to foster market growth during the forecast period.
More details: https://www.technavio.com/report/wind-tower-market-industry-analysis
Wind Tower Market: Product Landscape
Based on the product, the market saw maximum growth in the tubular steel towers segment in 2019. Tubular steel towers are considered the most economical solution and a proven concept of having a short installation time. This is one of the key factors driving the segment growth.
Wind Tower Market: Geographic Landscape
By geography, APAC is going to have a lucrative growth during the forecast period. About 56% of the market’s overall growth is expected to originate from APAC. The growth of the market in APAC is driven by the increasing investments in airborne wind turbines.
China and India are the key markets for the wind tower market in APAC. This report provides an accurate prediction of the contribution of all segments to the growth of the wind tower market size.
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Global Wind Turbine Monitoring Systems Market - Global wind turbine monitoring systems market is segmented by application (onshore and offshore) and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report
Global Wind Turbine Gearbox Market - Global wind turbine gearbox market is segmented by type (new and replacement) and region (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report
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Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Application
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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DAYTON, Ohio--(BUSINESS WIRE)--REX American Resources Corporation (NYSE American: REX), a leading ethanol company, announced today that it will report its fiscal 2020 third quarter financial results on Thursday, December 3, pre-market and will host a conference call and webcast at 11:00 a.m. ET that morning to review the results.
To access the conference call, interested parties may dial 212-231-2912 (domestic and international callers). Participants can also listen to a live webcast of the call on the REX website at www.rexamerican.com/Corp/Page4.aspx. A webcast replay will be available for 30 days following the live event at www.rexamerican.com/Corp/Page4.aspx.
About REX American Resources Corporation
REX American Resources has interests in six ethanol production facilities, which in aggregate shipped approximately 576 million gallons of ethanol over the twelve-month period ended July 31, 2020. REX’s effective ownership of the trailing twelve-month gallons shipped (for the twelve months ended July 31, 2020) by the ethanol production facilities in which it has ownership interests was approximately 194 million gallons. In addition, the Company acquired a refined coal operation in August 2017. Further information about REX is available at www.rexamerican.com.
Douglas Bruggeman
Chief Financial Officer
937/276‑3931
Joseph Jaffoni, Norberto Aja
JCIR
212/835-8500
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LONDON--(BUSINESS WIRE)--#GlobalWindTurbineGearboxMarket--The wind turbine gearbox market is expected to grow by USD 3.81 billion, progressing at a CAGR of almost 6% during the forecast period. The market is expected to have a negative impact due to the spread of the COVID-19 pandemic. The spread of the pandemic compelled governments across the world to impose lockdowns. This resulted in a partial or complete shutdown of manufacturing activities in the short term, which significantly affected the market demand. However, the market is expected to recover and post healthy growth as many companies are resuming their operations and things are getting back to normal. In addition, many developing countries, especially China and India, are rapidly expanding their capacity for renewable energy sources, including wind energy, to achieve their emission targets and reduce environmental pollution. This is creating significant opportunities for vendors.
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The increase in offshore wind energy installations is one of the major factors propelling the market growth. Offshore wind installations have witnessed a significant increase in recent years. Offshore wind farms do not require a dedicated area of land for installation and are located on the ocean surface, where the wind energy potential is high. The rising adoption of offshore wind energy turbines has increased the demand for high-performance gearboxes with lower maintenance and repair costs. This is expected to drive the growth of the market during the forecast period.
More details: https://www.technavio.com/report/wind-turbine-gearbox-market-industry-analysis
Wind Turbine Gearbox Market: Type Landscape
Based on the type, the market witnessed maximum growth in the new wind turbine gearbox segment. This is due to the installation of new wind turbine power projects worldwide. However, the growing need for wind turbine gearbox replacements will present maximum opportunities in the replacement segment during the forecast period.
Wind Turbine Gearbox Market: Geographic Landscape
By geography, APAC is going to have a lucrative growth during the forecast period. About 64% of the market’s overall growth is expected to originate from APAC. The growth of the market in APAC will be driven by the increasing investments in new wind power capacity additions during the forecast period.
China, Japan, and India are the key markets for wind turbine gearboxes in APAC. Market growth in this region will be faster than the growth of the market in other regions.
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Global Wind Tower Market - Global wind tower market is segmented by product (Tubular steel towers, Concrete towers, and Other towers), geography (APAC, Europe, North America, South America, and MEA), and application (onshore and offshore). Click Here to Get an Exclusive Free Sample Report
Companies Covered:
What our reports offer:
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Type
Customer landscape
Geographic Landscape
Drivers, Challenges, and Trends
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.
Technavio Research
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SAN JOSE, Calif.--(BUSINESS WIRE)--Power Integrations (Nasdaq: POWI) today announced that Balu Balakrishnan and Sandeep Nayyar, the company’s CEO and CFO, will participate in an online fireside chat at the Wells Fargo TMT Summit on December 1 at 2:20 p.m. Pacific time. A live webcast of the event will be available via the investor page of the company’s website, investors.power.com.
About Power Integrations
Power Integrations, Inc. is a leading innovator in semiconductor technologies for high-voltage power-conversion. The company’s products are key building blocks in the clean-power ecosystem, enabling the generation of renewable energy as well as the efficient transmission and consumption of power in applications ranging from milliwatts to megawatts. For more information please visit www.power.com.
Power Integrations and the Power Integrations logo are trademarks or registered trademarks of Power Integrations, Inc.
Joe Shiffler
Power Integrations, Inc.
(408) 414-8528
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CHARLESTON, W.Va.--(BUSINESS WIRE)--Third paragraph, last sentence should read: The Company has grown substantially in recent years to having over 100 wells online with nearly 400mmcfd... (instead of The Company has grown substantially in recent years to having over 100 wells online with nearly 400mcfd ...).
The updated release reads:
NEW INVESTMENT SIGNALS CONTINUED GROWTH FOR NORTHEAST NATURAL ENERGY
Northeast Natural Energy (“NNE” or the “Company”) announced today that the Company has entered into an amendment with its senior lending group led by EIG Global Energy Partners (“EIG”) to extend the maturity of its current credit facility to December 2023 and provide significant additional liquidity to the Company to execute on its go-forward business plan. In connection with the amendment, the lead equity investors in the Company, including Metalmark Capital, Wells Fargo and Prudential, have agreed to make an incremental equity contribution to the Company of $65 million to help fund capital expenditures.
Northeast Natural Energy’s President and CEO Mike John acknowledged that “our team is very grateful for the confidence shown by our investors and lenders in expanding and extending their financial support of the Company.”
Greg Myers, Partner at Metalmark Capital, stated, “Mike John and the management team at NNE have done an amazing job at navigating the challenges of the commodity price decline with a relentless focus on costs and well level economics. The Company has grown substantially in recent years to having over 100 wells online with nearly 400mmcfd of gross production and is well capitalized by its lenders and equity investors to continue its growth trajectory from this point forward.”
Northeast Natural Energy LLC, headquartered in Charleston, WV, is a private oil and gas company focused on natural gas drilling, exploration, acquisition and joint-venture opportunities in the Marcellus Shale. The principals of NNE have worked together in various capacities for over 30 years and possess a significant amount of knowledge and operational expertise in the Appalachian Basin, in particular the Marcellus Shale formation.
www.northeastnaturalenergy.com
Metalmark Capital is a leading private equity firm that seeks to build long-term value through active and collaborative partnerships with business owners, founders, and executives. The firm focuses its investment activity in growth industrials, natural resources, agribusiness, and healthcare. Metalmark Capital manages funds with $3.8 billion in aggregate capital commitments.
http://www.metalmarkcapital.com
EIG Global Energy Partners is a leading institutional investor to the global energy sector with $22.9 billion under management as of June 30, 2020. EIG specializes in private investments in energy and energy-related infrastructure on a global basis. During its 38-year history, EIG has committed over $34.2 billion to the energy sector through more than 360 projects or companies in 36 countries on six continents. EIG's clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and Europe. EIG is headquartered in Washington, D.C. with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul.
This press release does not constitute an offering of interests in any fund or partnership managed by Metalmark Capital. If and when an investment opportunity is structured, all investors must obtain and carefully read the related confidential offering memorandum and any amendments or supplements thereto.
Brett Loflin
(304) 414-7063
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