Company partners with GE Energy Financial Services, BHE Renewables and GE Renewable Energy
The project successfully closes and funds tax equity financing
Repower enhances life of legacy Texas wind assets, increasing capacity to 146 MW
DALLAS--(BUSINESS WIRE)--Leeward Renewable Energy, LLC (“Leeward”) today announced the successful completion, in late September, of the repowering and final financial close of its Sweetwater 3 Wind Farm (“Sweetwater 3”) in Nolan County, Texas. Leeward procured the wind turbine equipment from GE Renewable Energy, which also provided construction services and is providing operations and maintenance services for the project. GE Energy Financial Services and BHE Renewables provided tax equity financing.
The Sweetwater 3 repower replaced and enhanced major existing components of 90 legacy GE Renewable Energy wind turbines resulting in increased capacity, reliability and performance, and reduced operating cost. The repowering of major components within the turbines will increase Annual Energy Production by double digits.
“We are pleased to complete the repowering and financing of our Sweetwater 3 wind farm and have been fortunate to work alongside the teams at GE Renewable Energy, and our financial partners GE Energy Financial Services and BHE Renewables, to bring a combination of reliable technology, high-quality equipment, and industry leading financing to this project,” said Leeward Renewable Energy Chief Financial Officer Chris Loehr.
Sweetwater 3 will continue to provide clean, renewable energy to its offtake partner, San Antonio-based CPS Energy, under its long-term power purchase agreement. Leeward designed the construction process to allow it to provide continuous delivery throughout.
“We commend the teams for the successful and safe completion of this project, particularly with the added complications we have faced in light of COVID-19,” said Leeward Renewable Energy Vice President, Engineering, Procurement & Construction Sam Mangrum. “This is an exciting milestone for Leeward, as we continue modernizing our legacy assets, as well as developing, operating, and owning new wind, solar and energy storage assets.”
Sweetwater 3, one of Leeward’s original wind farms, has been operating since 2005. Through the repowering, the wind farm’s capacity will increase from 135 megawatts to roughly 146 megawatts, utilizing the same number of turbines and footprint. With the newly repowered project, Sweetwater 3 will also provide significant additional benefits to Nolan County through an increased tax base, supporting school districts, hospitals, and local infrastructure.
About Leeward Renewable Energy, LLC
Leeward Renewable Energy is a growth-oriented renewable energy company that owns and operates a portfolio of 21 wind farms across nine states, with 20 in operation and one under construction, totaling approximately 2,000 megawatts of generating capacity. Leeward is actively developing new wind, solar, and energy storage projects in energy markets across the U.S. Leeward is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada's largest defined benefit pension plans with C$109 billion in net assets (as at December 31, 2019). For more information, visit www.leewardenergy.com.
Kelly Kimberly
Sard Verbinnen & Co.
713.822.7538
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MIAMI--(BUSINESS WIRE)--World Fuel Services Corporation (NYSE:INT) announced today that its board of directors has declared a quarterly cash dividend of $0.10 per share payable on January 5, 2021 to shareholders of record on December 11, 2020.
About World Fuel Services Corporation
Headquartered in Miami, Florida, World Fuel Services is a global energy management company involved in providing energy procurement advisory services, supply fulfillment and transaction and payment management solutions to commercial and industrial customers, principally in the aviation, marine and land transportation industries. World Fuel Services sells fuel and delivers services to its clients at more than 8,000 locations in more than 200 countries and territories worldwide.
For more information, call 305-428-8000 or visit www.wfscorp.com.
Ira M. Birns,
Executive Vice President &
Chief Financial Officer
Glenn Klevitz,
Vice President & Treasurer
305-428-8000
HOUSTON--(BUSINESS WIRE)--#NGLFrac--S&B today announced the successful, on-time completion of two NGL fractionation plants for Phillips 66. The plants have a combined capacity of 300,000 barrels per day (BPD), quadrupling the processing capacity at the Phillips 66 Sweeny Hub.
“The successful completion of this project is due to our team and the partnership we created with Phillips 66 throughout the entire process,” said David Taylor, COO of S&B Engineers and Constructors. “Planning, designing, and building a large-scale plant, such as this, takes a significant amount of time and effort. Phillips 66 trusted our processes, procedures and workflows, which created an environment that allowed us all to succeed.”
The on-time mechanical completion of this project has increased significance because peak construction occurred at a time when COVID-19 cases were rising in the United States.
“Safety is our number one value at S&B,” said Taylor. “With 2,000 people working on site, we took precautions early to ensure the safety of our team members. Mandates for face coverings, staggered lunches and buses, social distancing, and compliance auditing were all important protocol changes that our team members had to accommodate to keep each other safe.”
In the last five years, S&B has designed and built 13 NGL fractionation plants. With the completion of this project S&B has now designed and installed more than 2 million BPD of NGL fractionation capacity for its clients.
This project added the second and third fractionation plants to the original first train built for Phillips 66. All three plants were executed contractually lump sum in the Phillips 66 Sweeny Hub in Old Ocean, Texas.
To learn more about the project visit: https://www.phillips66.com/newsroom/2020-fracs-2-3.
About S&B Engineers and Constructors, Ltd.
S&B Engineers and Constructors, Ltd. is one of the leading engineering, procurement, and construction firms in the United States, with more than 50 years of experience. S&B designs and builds world-scale projects in NGL fractionation, refining, petrochemicals, polymers, export terminals and pipelines. For more on S&B, visit www.sbec.com or Linkedin.
Lindsay Szeszycki, Director of Communications
S&B Engineers and Constructors, Ltd.
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518.879.2101
LONDON--(BUSINESS WIRE)--#GlobalHighPressureOilandGasSeparatorMarket--The high-pressure oil and gas separator market is poised to grow by USD 134.54 million during 2020-2024, progressing at a CAGR of about 1% during the forecast period.
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The report on the high-pressure oil and gas separator 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 a rise in unconventional oil and gas resources.
The high-pressure oil and gas separator market analysis includes vessel type and geography landscape. This study identifies the rise in global oil and gas consumption as one of the prime reasons driving the high-pressure oil and gas separator 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 high-pressure oil and gas separator market covers the following areas:
High-Pressure Oil and Gas Separator Market Sizing
High-Pressure Oil and Gas Separator Market Forecast
High-Pressure Oil and Gas Separator Market Analysis
Companies Mentioned
Related Reports on Energy Include:
Global Oil and Gas Separators Market: The oil and gas separators market size has the potential to grow by $ 298.61 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period because of the steady increase in the year-over-year growth. To get extensive research insights: Click and Get FREE Sample Report in Minutes!
Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Vessel type
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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DUBLIN--(BUSINESS WIRE)--The "Virtual Pipeline Systems - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Virtual Pipeline Systems Market to Reach $1.6 Billion by 2027
Amid the COVID-19 crisis, the global market for Virtual Pipeline Systems estimated at US$1.2 Billion in the year 2020, is projected to reach a revised size of US$1.6 Billion by 2027, growing at a CAGR of 4.8% over the analysis period 2020-2027.
Industrial, one of the segments analyzed in the report, is projected to record a 4.9% CAGR and reach US$917.3 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Transportation segment is readjusted to a revised 5.3% CAGR for the next 7-year period.
The U.S. market is estimated at $350.3 Million, While China is Forecast to Grow at a 4.5% CAGR
The Virtual Pipeline Systems market in the U.S. is estimated at US$350.3 Million in the year 2020. China, the world`s second-largest economy, is forecast to reach a projected market size of US$291.5 Million by the year 2027 trailing a CAGR of 4.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.6% and 3.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.
Commercial & Residential Segment to Record 4.3% CAGR
In the global Commercial & Residential segment, USA, Canada, Japan, China, and Europe will drive the 4.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$262.7 Million in the year 2020 will reach a projected size of US$353.6 Million by the close of the analysis period.
China will remain among the fastest-growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$189.3 Million by the year 2027.
The report presents concise insights into how the pandemic has impacted production and the buy-side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
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
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/meqw8j
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LONDON--(BUSINESS WIRE)--#GalvanizedPipeFittingMarket--The global galvanized pipe fitting market size is poised to grow by USD 1.31 billion during 2020-2024, progressing at a CAGR of almost 8% 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 rising demand from the water and wastewater industry is one of the key factors that will drive the growth of the global galvanized pipe fitting market during this forecast period. Water is a vital element in manufacturing industries such as food and beverage, pharmaceuticals, and pulp and paper. Governments of most countries across the world are focusing on the setting up of new water treatment plants and renovating the aging water treatment plants. These factors coupled with the drying of freshwater resources are projected to increase the installation of water and wastewater treatment plants around the world, which in turn, will result in the growth of the galvanized pipe fitting market during the forecast period.
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The rise in the deep-water and ultra-deepwater project will be a Key Market Trend
Market players are making developmental efforts in the field of oil and gas industry due to the exhaustion of the available oil resources and the high dependence of the global economy on fossil fuels. This has led to the increasing need for exploration and extraction activities in deep-water and ultra-deep-water exploration operations. These developments will boost the demand for galvanized pipe fittings during the forecast period.
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Galvanized Pipe Fitting Market 2020-2024: Key Highlights
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
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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Company recognized for HyperSport motorcycle’s innovations in CleanTech
VANCOUVER, British Columbia--(BUSINESS WIRE)--Damon Motors today announced it has won a 2020 Red Herring Top 100 North America award, one of the technology industry’s most prestigious awards. Damon was selected from hundreds of companies for its innovations in CleanTech with its HyperSport motorcycle, the world’s smartest, safest, fully connected electric motorcycle.
“Traditional gas-powered motorcycles are one of the largest contributors to greenhouse gasses. Since day one, Damon Motors has been focused on creating a safer and cleaner world by eliminating those harmful emissions from our bikes,” said Jay Giraud, founder & CEO at Damon Motors. “We are honored to be recognized by Red Herring and see it as validation of our continued efforts to drive the future of electric motorcycles.”
Selecting the Red Herring Top 100 North America award winners is a months-long process that takes into account criteria including financial performance, innovation, business strategy, and market penetration. Previous Top 100 winners have included Alibaba, Skype, Spotify, Twitter, and YouTube.
“2020’s crop of Top 100 winners has been among our most intriguing yet. North America has led the way in tech for so many years, and to see such unique, pioneering entrepreneurs and companies here, which is in many ways the heartland of the industry, has been a thrilling experience,” said Alex Vieux, publisher and chairman of Red Herring. “What has excited me most is to see so many people forging niches in high-tech and cutting edge sectors. Some of the technical wizardry and first-rate business models showcased at the conference has been fantastic to learn about. We believe Damon Motors embodies the drive, skill and passion on which tech thrives. Damon Motors should be proud of its achievement - the competition was incredibly strong.”
Following Damon’s Top 100 win, the company is invited to present at the Top 100 Global event in 2021 that will encompass the best-in-show from the Top 100 Europe, North America, and Asia. Red Herring is dedicated to supporting Damon Motors’ continued path to success and innovation.
The Damon HyperSport sets a new standard in motorcycle safety, awareness and connectivity. It boasts well over 200hp and 200nm of torque delivered at zero rpm, a top speed of 200 mph, and a range of more than 200 highway miles per charge. All HyperSports are outfitted with CoPilot™, Damon’s 360° advanced warning system; Shift™, which transforms the riding position between sport and commuter modes with the push of a button; and HyperDrive™, the world’s first 100 percent electric, multi-variant powertrain platform optimized for maximum performance, design and safety.
For more information on Damon Motors, visit www.damon.com.
About Damon Motors Inc.
Damon is unleashing the full potential of personal mobility for the world’s commuters. With its HyperDrive™ proprietary electric powertrain, the company has developed the world’s safest, smartest, fully connected electric motorcycles employing sensor fusion, robotics and AI. Designed as a platform for worldwide line extension, Damon motorcycles will ship direct to customers on subscription plans to drive scale. Based in Vancouver, Canada, Damon is founded by serial entrepreneurs Jay Giraud and Dom Kwong. Damon’s investors include Round 13 Capital, Techstars, Fontinalis, Extreme Venture Partners, and Pallasite Ventures. Learn more at damon.com and follow us on Instagram @damonmotorcycles.
Damon Motors Inc. Media Relations
Media contact: Donna Loughlin Michaels
Loughlin Michaels Group
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LONDON--(BUSINESS WIRE)--#GlobalUltrasonicGasLeakDetectorsMarket--Technavio has been monitoring the ultrasonic gas leak detectors market and it is poised to grow by USD 47.64 million during 2020-2024, progressing at a CAGR of almost 3% 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.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please request Latest Free Sample Report on COVID-19 Impact
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AOIP, Bacharach Inc., Carrier Global Corp., Emerson Electric Co., Honeywell International Inc., INFICON Holding AG, Mistras Group Inc., MSA Safety Inc., SONOTEC GmbH, and Spectris Plc are some of the major market participants. Although the increasing upstream investment and rising LNG production will offer immense growth opportunities, lack of product differentiation will challenge the growth of the 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.
Ultrasonic Gas Leak Detectors Market 2020-2024: Segmentation
Ultrasonic Gas Leak Detectors Market is segmented as below:
Product
Geography
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Ultrasonic Gas Leak Detectors 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. Our ultrasonic gas leak detectors market report covers the following areas:
This study identifies increasing upstream investment as one of the prime reasons driving the ultrasonic gas leak detectors market growth during the next few years.
Ultrasonic Gas Leak Detectors Market 2020-2024 : Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the ultrasonic gas leak detectors market, including some of the vendors such as AOIP, Bacharach Inc., Carrier Global Corp., Emerson Electric Co., Honeywell International Inc., INFICON Holding AG, Mistras Group Inc., MSA Safety Inc., SONOTEC GmbH, and Spectris Plc. Backed with competitive intelligence and benchmarking, our research reports on the ultrasonic gas leak detectors market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Ultrasonic Gas Leak Detectors Market 2020-2024 : Key Highlights
Table Of Contents :
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by End-user
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)--#GlobalOffshoreOilandGasSeismicEquipmentandAcquisitionsMarket--The offshore oil and gas seismic equipment and acquisitions market is poised to grow by USD 1.39 bn during 2020-2024, progressing at a CAGR of over 7% during the forecast period.
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The report on the offshore oil and gas seismic equipment and acquisitions 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 a rise in deepwater and ultra-deepwater E&P projects.
The offshore oil and gas seismic equipment and acquisitions market analysis includes technology segment and geography landscape. This study identifies the increasing adoption of 4D seismic survey technology as one of the prime reasons driving the offshore oil and gas seismic equipment and acquisitions 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 offshore oil and gas seismic equipment and acquisitions market covers the following areas:
Offshore Oil And Gas Seismic Equipment And Acquisitions Market Sizing
Offshore Oil And Gas Seismic Equipment And Acquisitions Market Forecast
Offshore Oil And Gas Seismic Equipment And Acquisitions Market Analysis
Companies Mentioned
Related Reports on Energy Include:
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY TECHNOLOGY
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
PART 15: EXPLORE TECHNAVIO
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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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)--#GlobalRotatingEquipmentMarketforOilandGasIndustry--The new rotating equipment market for the oil and gas industry research report 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 rise in refining capacity across the world,” says a senior analyst for Industrials at Technavio.
The growing demand for oil and fuel from the transportation and power generation sectors has increased investments in new refinery projects. This has led to a rise in the demand for oil for refining, which has increased the adoption of rotating equipment in oil refineries. These factors are fueling the growth of the market. As the markets recover Technavio expects the rotating equipment market for oil and gas industry size to grow by USD 5.93 billion during the period 2020-2024.
Rotating Equipment Market for Oil and Gas Industry Segment Highlights for 2020
Regional Analysis
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Notes:
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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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Ranks first in total tonnage
HOUSTON--(BUSINESS WIRE)--The Houston Ship Channel port complex and its public and private terminals, collectively known as the Port of Houston, is now the number one port in the United States in terms of total waterborne tonnage, newly released government statistics show. It is also ranked first for foreign waterborne tonnage and number of vessel transits.
Nearly 285 million tons of cargo moved through the Port of Houston overall in 2019, which was about 47 million tons more than any other U.S. port and a 6% increase compared to the previous year. According to the U.S. Army Corps of Engineers Navigation and Civil Works Decision Support Center, which tracks and compiles the statistics, the Port of Houston surpassed the Port of South Louisiana, which previously held the top spot. For 24 years, the Port of Houston has been number one in foreign waterborne tonnage and the Houston Ship Channel is the busiest waterway in the nation, handling on average approximately 50 deep water vessels per day.
The Port of Houston is comprised of Port Houston’s eight public terminals and almost 200 private terminals situated along the Houston Ship Channel. The Port of Houston drives $802 billion in annual national economic value and supports more than three million U.S. jobs.
“The Port of Houston is the undisputed leader nationally as a result of the continued growth of commerce that moves through the busiest waterway in the U.S.,” said Port Houston Executive Director Roger Guenther. “When you consider the strategic importance of Houston to America’s energy sector, its economic value as the leading export region, and the rapid expansion of imported goods to meet consumer demand of a large and growing population, it clearly highlights the need to expedite the improvements of the Houston Ship Channel to ensure safe and efficient trade for the nation.”
As the local sponsor and an advocate of the Houston Ship Channel, Port Houston currently is partnering with the U.S. Army Corps of Engineers as well as private industry on a plan to expand the channel at an accelerated pace.
The Houston Ship Channel Expansion – Project 11 will widen the channel by 170 feet along its Galveston Bay reach, from 530 feet to 700 feet. It will also deepen upstream segments to 45 feet, make other safety and efficiency improvements, and craft new environmental features.
With the help of our partners, Port Houston aims to begin this work as early as 2021, making the channel safer and more efficient and ensuring this waterway remains the national economic powerhouse it is today.
About Port Houston
For more than 100 years, Port Houston has owned and operated the public wharves and terminals of the greater Port of Houston – the nation’s largest port for the foreign waterborne tonnage and an essential economic engine for the Houston region, the state of Texas and the U.S. nation. The Port of Houston supports the creation of nearly 1.35 million jobs in Texas and 3.2 million jobs nationwide, and economic activity totaling $339 billion in Texas – 20.6 percent of Texas’ total gross domestic product (GDP) – and total of $801.9 billion in economic impact across the nation. For more information, visit the website at PortHouston.com.
Lisa Ashley, Director, Media Relations
Office: 713-670-2644; Mobile: 832-247-8179; E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Shape strategic responses through the various phases of industry recovery
Accenture Plc, Capgemini Services SAS, and Infosys Ltd. will emerge as major participants in the blockchain technology market in the transportation and logistics industry during 2020-2024
LONDON--(BUSINESS WIRE)--#BlockchainTechnologyMarketinTransportationandLogisticsIndustry--The blockchain technology market in transportation and logistics industry market is expected to post decremental growth of USD 811.51 million during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the blockchain technology market in transportation and logistics industry in optimistic, probable, and pessimistic forecast scenarios.
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The blockchain technology market in transportation and logistics industry market will witness a neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis and towards the Next Normal.
This post-pandemic business planning research will aid clients to:
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Key Considerations for Market Forecast:
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Major Three Blockchain Technology Market Participants in Transportation And Logistics Industry:
Accenture Plc
Accenture Plc operates its business through segments such as Financial Services, Products, and Others. The company offers blockchain technology solutions for the transportation and logistics industry.
Capgemini Services SAS
Capgemini Services SAS operates its business through segments such as Strategy & Transformation, Applications & Technology, and Operations & Engineering. The company offers blockchain technology solutions for the transportation and logistics industry.
Infosys Ltd.
Infosys Ltd. operates its business through segments such as Energy, Utilities, Resources and Services, Manufacturing, Hi-Tech, Life Sciences, and All other segments. The company offers blockchain technology solutions for the transportation and logistics industry.
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Blockchain Technology Market In Transportation And Logistics Industry Market 2020-2024: Segmentation
Blockchain technology market in transportation and logistics industry is segmented as below:
The blockchain technology market in the transportation and logistics industry market is driven by the growing use of blockchain technology for trucking. In addition, other factors such as the booming e-commerce industry are expected to trigger the blockchain technology market in the transportation and logistics industry toward witnessing a CAGR of almost 54% during the forecast period.
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Market Drivers
Market Challenges
Market Trends
Vendor Landscape
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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DUBLIN--(BUSINESS WIRE)--The "Global Crude Oil Flow Improvers Market 2020-2024" report has been added to ResearchAndMarkets.com's offering.
The crude oil flow improvers market is poised to grow by $ 259.80 mn during 2020-2024 progressing at a CAGR of 3% during the forecast period.
The market is driven by the shift from shallow to deep-water exploration and increase in demand for crude oil from developing countries.
The reports on crude oil flow improvers market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment.
This study identifies the growth in oil and gas industry as one of the prime reasons driving the crude oil flow improvers market growth during the next few years. The publisher 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 robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading crude oil flow improvers market vendors that include Baker Hughes Co., BASF SE, Clariant International Ltd., Croda International Plc, Dorf Ketal Chemicals (I) Pvt. Ltd., Dow Inc., Evonik Industries AG, Infineum International Ltd., Schlumberger Ltd., and The Lubrizol Corp..
Also, the crude oil flow improvers market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
For more information about this report visit https://www.researchandmarkets.com/r/8t7mfp
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DUBLIN--(BUSINESS WIRE)--The "Crude Oil Flow Improvers Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The market for crude oil flow improvers is expected to grow at a CAGR of about 5% globally during the forecast period.
Growing demand for paraffin & asphaltene inhibitors along with increasing demand for petroleum-based products are driving the market. On the flip side, stringent environmental regulations coupled with unfavorable conditions arising due to the COVID-19 outbreak are hindering the market growth.
Companies Mentioned
Key Market Trends
Growing Demand for Paraffin & Asphaltene Inhibitors
Crude oil flow improvers are widely used in oil & gas industries and are expected to grow rapidly during the forecast period.
Middle-East Region to Dominate the Market
The Middle-East region is expected to dominate the market for crude oil flow improvers during the forecast period due to an increase in demand from countries like Saudi Arabia, Iraq, and the United Arab Emirates.
Key Topics Covered:
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Growing Demand For Paraffin & Asphaltene Inhibitors
4.1.2 Increasing Demand for Petroleum Based Products
4.2 Restraints
4.2.1 Stringent Environmental Regulations
4.2.2 Unfavourable Conditions Arising Due to the COVID-19 Outbreak
4.3 Industry Value Chain Analysis
4.4 Porters Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Improver Type
5.1.1 Paraffin & Asphaltene Inhibitors
5.1.2 Drag Reducing Agents
5.1.3 Scale & Corrosion Inhibitors
5.1.4 Hydrate & Hydrogen Sulfide Inhibitors
5.1.5 Others (Demulsifiers, Biocides, etc.,)
5.2 Application
5.2.1 Extraction
5.2.2 Pipelines & Transportation
5.2.3 Processing
5.2.4 Others
5.3 Geography
5.3.1 Asia-Pacific
5.3.2 North America
5.3.3 Europe
5.3.4 South America
5.3.5 Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis/Ranking Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Growing Demand from Emerging Economies
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LONDON--(BUSINESS WIRE)--#GlobalSmartWirelessPropaneTankMeterMarket--Technavio has been monitoring the smart wireless propane tank meter market and it is poised to grow by USD 11.16 million during 2020-2024, progressing at a CAGR of over 4% 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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Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries. However, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the smart wireless propane tank meter market. The market growth in 2020 is likely to increase compared to market growth in 2019.
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The market is concentrated, and the degree of concentration will accelerate during the forecast period. AMETEK Inc., DataOnline Corp., Generac Power Systems Inc., Metromatics Pty Ltd., Monnit Corp., Mopeka Products LLC, Schmitt Industries Inc., Schneider Electric SE, Superior Plus Corp., and Tank Utility Inc. are some of the major market participants. Improved operational efficiency will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this smart wireless propane tank meter market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Smart Wireless Propane Tank Meter Market 2020-2024: Segmentation
Smart Wireless Propane Tank Meter Market is segmented as below:
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Smart Wireless Propane Tank Meter 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 smart wireless propane tank meter market report covers the following areas:
This study identifies the introduction of new products with innovative features as one of the prime reasons driving the smart wireless propane tank meter market growth during the next few years.
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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Smart Wireless Propane Tank Meter Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
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.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
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Website: www.technavio.com/
DUBLIN--(BUSINESS WIRE)--The "Industrial Hose Market with COVID-19 Impact Analysis - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The Global Industrial Hose Market is Expected to Grow from USD 10.2 Billion in 2020 to USD 16.4 Billion by 2025; it is Expected to Grow at a CAGR of 9.9% during 2020-2025.
Key factors fueling the growth of this market include the increasing demand for robust industrial hoses for critical applications in several industries, growing infrastructure-related developments, and rising demand for PVC material.
The demand for robust industrial hoses is increasing across the world to avoid fatal accidents, ensure smooth material handling even in extreme environmental/operational conditions, and so on various industries such as pharmaceuticals, agriculture, chemicals, and oil & gas create a strong demand for industrial hoses for efficient industrial operations in the midst of COVID-19 are the major factors for the industrial hose market growth.
Air and gas media type to witness the highest CAGR in the industrial hose market during the forecast period.
The market for air and gas media is expected to grow at the highest CAGR within the global industrial hose market during the forecast period, owing to the high demand for air and gas hoses to transfer compressed air and gases from one point to another in industrial, medical, construction, and agricultural applications. Gas hoses are used for a variety of applications, such as gas and petroleum solutions transfer, gas cylinder filling, refilling, or emptying, loading/unloading, and fuel refilling.
Oil & gas industry to witness the highest CAGR in the industrial hose market during 2020-2025.
The market for the oil & gas industry is expected to grow with the highest CAGR during the forecast period. The demand for oil and gas will grow tremendously in the coming years, which is likely to increase even further to fuel the development of Western economies during the forecast period.
As technologies implemented in the production and transportation processes are advancing, equipment performance requirements are becoming more and more stringent to support increasing operational efficiencies. Hence, the implementation of hoses is essential in pipelines and other several processes to regulate the flow of liquid, gases, or any fluidized solid, which will propel the industrial hose market growth in the coming years.
APAC is expected to hold the largest share of industrial hose market by 2025.
APAC accounted for the largest share of the industrial hose market by 2025. The most common applications of oil & gas are fuel for automobiles, fuel for industrial machinery, and fuel for domestic operations. In the oil & gas industry safety, environmental protection, and operating efficiency have prime importance for which robust hoses are used. Hence, increasing adoption of industrial hoses for different applications is expected to provide growth opportunities to the industrial hose market in the future.
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/vzub0u
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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LONDON--(BUSINESS WIRE)--#AutomotiveEngineOilMarket--The automotive engine oil market is poised to grow by 876.17 million L during 2020-2024, progressing at a CAGR of over 3% during the forecast period.
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The report on the automotive engine oil 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 the growing number of vehicles-in-use.
The automotive engine oil market analysis includes type segment and geography landscape. This study identifies the APAC driving market revenue as one of the prime reasons driving the automotive engine oil 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 automotive engine oil market covers the following areas:
Automotive Engine Oil Market Sizing
Automotive Engine Oil Market Forecast
Automotive Engine Oil Market Analysis
Companies Mentioned
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Global Automotive Camless Engine Market: The automotive camless engine market size has the potential to grow by 8.650 units during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. To get extensive research insights: Click and Get FREE Sample Report in Minutes!
Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Vehicle Type
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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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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Media & Marketing Executive
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UK: +44 203 893 3200
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Website: www.technavio.com/
FORT WORTH, Texas--(BUSINESS WIRE)--Basic Energy Services, Inc. (OTCQX: BASX) (“Basic” or the “Company”) today announced that it has extended certain deadlines in connection with its previously announced private offer to exchange (the “Exchange Offer”) its 10.75% Senior Secured Notes due 2023 (the “Existing Notes”) for newly issued 11.00% Senior Secured Notes due 2025 (the “New Notes”), the related offering (the “Rights Offering”) of rights to subscribe (each, a “Subscription Right”) to purchase 9.75% Super Priority Lien Senior Secured Notes due 2025 (the “New Super Priority Notes”) to be issued by Basic and consent solicitation (the “Consent Solicitation”), in each case subject to the terms and conditions set forth in the Confidential Offering Memorandum dated November 5, 2020 (the “Offering Memorandum”).
The Company announced it has extended the deadlines for the Exchange Offer, Rights Offering and Consent Solicitation as follows:
Accordingly and subject to satisfaction of the conditions therefor, the settlement date for the Exchange Offer is expected to be December 9, 2020, and the New Super Priority Notes are expected to be issued on or about December 16, 2020.
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Principal Amount of New Notes(1) |
CUSIP Number and
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Exchange Consideration if Tendered prior to
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CUSIP: 06985PAN0 /
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10.75% Senior
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$400 principal amount of New Notes. |
(1) For each $1,000 principal amount of Existing Notes, as applicable.
Except as described herein (and for corresponding changes relating hereto), the complete terms and conditions of the Exchange Offer, Rights Offering and Consent Solicitation remain the same as set forth and detailed in the Offering Memorandum, copies of which were previously distributed to eligible holders of Existing Notes. Withdrawal rights expired at 5:00 p.m., New York City time, on November 19, 2020 and tendered Existing Notes may no longer be withdrawn.
The Exchange Offer and Rights Offering, and the offering of the New Notes, the New Super Priority Notes and the Subscription Rights, are being made only (1) to persons reasonably believed to be “qualified institutional buyers” as defined in Rule 144A under the Securities Act, in a private transaction in reliance upon the exemption from the registration requirements of the Securities Act provided by Section 4(a)(2) thereof and (2) outside the United States, to persons other than “U.S. persons” as defined in Rule 902 under the Securities Act in offshore transactions in compliance with Regulation S under the Securities Act.
The Exchange Offer, Rights Offering and Consent Solicitation are being made only pursuant to the Offering Memorandum. The Offering Memorandum and other documents relating to the Exchange Offer, Rights Offering and Consent Solicitation will be distributed only to eligible holders. The Exchange Offer is not being made to holders of Existing Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. The New Notes, the New Super Priority Notes and the Subscription Rights have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the Offering Memorandum. None of Basic, the dealer manager, the solicitation agent, the exchange agent, the information agent or any trustee (or its agents) of the Existing Notes, the New Notes or the New Super Priority Notes makes any recommendation as to whether holders of Existing Notes should participate in the Exchange Offer or the Rights Offering or consent to the Proposed Amendments.
Holders who desire a copy of the eligibility letter should contact D.F. King & Co., Inc., the information agent for the Exchange Offer and Consent Solicitation, at (800) 431-9646 (U.S. Toll-free) or email at This email address is being protected from spambots. You need JavaScript enabled to view it.. Banks and brokers should call (212) 269-5550. The eligibility letter may also be found here: www.dfking.com/basicenergy. D.F. King & Co., Inc. will provide copies of the Offering Memorandum to eligible holders.
There are no registration rights associated with the New Notes or the New Super Priority Notes, and Basic has no intention to offer to exchange the New Notes or New Super Priority Notes for notes registered under the Securities Act or to file a registration statement with respect to the New Notes or the New Super Priority Notes.
The New Notes and the New Super Priority Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area (“EEA”). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, “MiFID II”); or (ii) a customer within the meaning of Directive 2002/92/EC (as amended, the “Insurance Mediation Directive”), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in 2017/1129/EC (as amended or superseded, the “Prospectus Regulation”). Consequently, no key information document required by Regulation (EU) No 1286/2014 (as amended, the “PRIIPs Regulation”) for offering or selling the New Notes and the New Super Priority Notes or otherwise making them available to retail investors in the EEA or in the United Kingdom has been prepared and therefore offering or selling the New Notes or the New Super Priority Notes or otherwise making them available to any retail investor in the EEA or in the United Kingdom may be unlawful under the PRIIPS Regulation. This press release, the Offering Memorandum and any other documents or materials relating to the Exchange Offer, Rights Offering and Consent Solicitation have been prepared on the basis that any offer of the New Notes or the New Super Priority Notes in any member state of the EEA or in the United Kingdom will be made pursuant to an exemption under the Prospectus Regulation from the requirement to publish a prospectus for offers of notes. The Offering Memorandum is not a prospectus for the purposes of the Prospectus Regulation.
This press release, the Offering Memorandum and any other documents or materials relating to the Exchange Offer, Rights Offering and Consent Solicitation may only be communicated to persons in the United Kingdom in circumstances where Section 21 of the Financial Services and Markets Act 2000 (the “FSMA”) does not apply. Accordingly, this press release and the Offering Memorandum are only for circulation to (i) persons who are outside the United Kingdom, (ii) investment professionals falling within Article 19(5) of the FSMA (Financial Promotion) Order 2005, as amended (the “Order”), (iii) high net worth entities, and other persons to whom the communication may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order or (iv) persons to whom an invitation or inducement to engage in investment activity (within the meaning of Section 21 of the FSMA) in connection with the communication may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to for purposes of this paragraph as “relevant persons”). The New Notes and the New Super Priority Notes will only be available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such New Notes and New Super Priority Notes will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on the Offering Memorandum or any of its contents and may not participate in the Exchange Offer.
Safe Harbor Statement
This release includes “forward-looking statements” within the meaning of the federal and securities laws. Forward-looking statements are not statements of historical fact and reflect Basic’s current views about future events. The words “believe,” “estimate,” “expect,” “anticipate,” “project,” “intend,” “seek,” “could,” “should,” “may,” “potential” and similar expressions are intended to identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Although Basic believes the expectations reflected in its forward-looking statements are reasonable and are based on reasonable assumptions and estimates, certain risks and uncertainties could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this release. These risks and uncertainties include, without limitation, our ability to successfully execute, manage and integrate acquisitions, including the recent acquisition of C&J Well Services, Inc., reductions in our customers’ capital budgets, our own capital budget, limitations on the availability of capital or higher costs of capital, volatility in commodity prices for crude oil, including the recent significant decline in oil prices, and natural gas, local and global impacts of the COVID-19 virus, and the negative impacts of the delisting of the Company’s common stock from the NYSE. Additional important risk factors that could cause actual results to differ materially from expectations are disclosed in Item 1A of the Company’s most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. While Basic makes these statements and projections in good faith, neither Basic nor its management can guarantee that the transactions will be consummated or that anticipated future results will be achieved. Any forward-looking statement speaks only as of the date on which such statement is made and Basic assumes no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by Basic, whether as a result of new information, future events, or otherwise, except as required by applicable law.
Trey Stolz
Director of Financial Planning & Analysis
Basic Energy Services, Inc.
817-334-4100
HOUSTON--(BUSINESS WIRE)--Mesa Royalty Trust (the “Trust”) (NYSE: MTR) announced today that there will be no distribution paid for the month ended November 2020 to holders of record as of the close of business on November 30, 2020, as costs, charges and expenses attributable to the Trust’s royalty properties, and applicable reserves, exceeded the revenue received from the sale of oil, natural gas and other hydrocarbons produced from such properties, as reported by the working interest owners.
The Trust was formed to own an overriding royalty interest of the net proceeds attributable to the specified interest in certain producing oil and gas properties located in the Hugoton field of Kansas and the San Juan Basin fields of New Mexico and Colorado. As described in the Trust's filings, the amount of the monthly distributions is expected to fluctuate from month to month, depending on the proceeds, if any, received by the Trust as a result of production, oil and natural gas prices and the amount of the Trust’s administrative expenses, among other factors. The amount of proceeds, if any, received or expected to be received by the Trust (and its ability to pay distributions to unitholders) has been and will continue to be directly affected, among other things, by the volatility in commodity prices. There has been a substantial decrease in oil and natural gas prices in 2020 due in part to significantly decreased demand as a result of the COVID-19 pandemic and an oversupply of crude oil. Oil and natural gas prices could remain low for an extended period of time, which in turn could have a material adverse effect on Trust distributions. Continued low oil and natural gas prices, among other things, will reduce proceeds to which the Trust is entitled, which will reduce the amount of cash available for distribution to unitholders and in certain periods could result in no distributions to unitholders.
This press release contains forward-looking statements. No assurances can be given that the expectations contained in this press release will prove to be correct. The working interest owners alone control historical operating data, and handle receipt and payment of funds relating to the royalty properties and payments to the Trust for the related royalty. The Trustee cannot assure that errors or adjustments or expenses accrued by the working interest owners, whether historical or future, will not affect future royalty income and distributions by the Trust. Other important factors that could cause these statements to differ materially include delays in actual results of drilling operations, risks inherent in drilling and production of oil and gas properties, declines in commodity pricing, and other factors described in the Trust’s Form 10-K for the year ended December 31, 2019 under “Part I, Item 1A. Risk Factors,” the Trust’s Form 10-Q for the quarter ended March 31, 2020 under “Part II, Item 1A. Risk Factors,” the Trust’s Form 10-Q for the quarter ended June 30, 2020 under “Part II, Item 1A. Risk Factors” and the Trust’s Form 10-Q for the quarter ended September 30, 2020 under “Part II, Item 1A. Risk Factors.” Statements made in this press release are qualified by the cautionary statements made in such risk factors. The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release..
Mesa Royalty Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Elaina Rodgers
713-483-6020
http://mtr.investorhq.businesswire.com/
NORWELL, Mass.--(BUSINESS WIRE)--Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH) the leading provider of environmental and industrial services throughout North America, today announced that Chief Financial Officer Michael L. Battles, Chief Accounting Officer Eric J. Dugas and SVP Investor Relations Jim Buckley will be presenting at the BofA Securities 2020 Leveraged Finance Virtual Conference.
Clean Harbors’ presentation will take place at 9:00 a.m. ET, Tuesday, December 1, and will be webcast live. To access the live or archived webcast, visit the “Investor Relations” portion of Clean Harbors’ website at www.cleanharbors.com.
About Clean Harbors
Clean Harbors (NYSE: CLH) is North America’s leading provider of environmental and industrial services. The Company serves a diverse customer base, including a majority of Fortune 500 companies. Its customer base spans a number of industries, including chemical, energy and manufacturing, as well as numerous government agencies. These customers rely on Clean Harbors to deliver a broad range of services such as end-to-end hazardous waste management, emergency spill response, industrial cleaning and maintenance, and recycling services. Through its Safety-Kleen subsidiary, Clean Harbors also is North America’s largest re-refiner and recycler of used oil and a leading provider of parts washers and environmental services to commercial, industrial and automotive customers. Founded in 1980 and based in Massachusetts, Clean Harbors operates in the United States, Canada, Mexico, Puerto Rico and India. For more information, visit www.cleanharbors.com.
Michael L. Battles
EVP and Chief Financial Officer
Clean Harbors, Inc.
781.792.5100
This email address is being protected from spambots. You need JavaScript enabled to view it.
Jim Buckley
SVP Investor Relations
Clean Harbors, Inc.
781.792.5100
This email address is being protected from spambots. You need JavaScript enabled to view it.
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