DUBLIN--(BUSINESS WIRE)--The "Leadership Quadrant and Strategic Positioning of Oil and Gas Field Equipment and Service Suppliers" report has been added to ResearchAndMarkets.com's offering.
The oil and gas field equipment and service manufacture landscape is diverse and continually evolving. Major players in oil and gas field equipment and service market have diversified product portfolios, strong geographical reach, and have made several strategic initiatives. The dynamics of the oil and gas field equipment and service market extends beyond routine macro-economic elements of supply and demand. It is the relationship between buyer's needs and seller's capabilities as well as the macroeconomic forces at work that affect the market. It is how well and how efficiently the sellers meet the needs of the buyers that determine long-term success.
Over the years, the level of demand for oil and gas field equipment and services has increased due to new technology advancement for oil recovery factors and increasing deep water drilling activities considering the huge reserve of shale gas in the US and China. Oil and gas field equipment and services includes variety of markets, such as exploration, oil and gas drilling, well completion and production, equipment and infrastructure, and drilling related services and is forecast to grow at a CAGR of 6%. The major growth drivers for this market are the growing demand of oil and gas, stronger pricing for pressure pumping services, and rising development of unconventional resources.
Firms that produce oil and gas field equipment and service are approaching market opportunities with starkly different strategies. The analyst, a leading global management consulting and market research firm, has analyzed the global oil and gas field equipment and service suppliers and has come up with a comprehensive research report, Leadership Quadrant and Strategic Positioning of Oil and Gas Field Equipment and Service Suppliers. Using its proprietary research methodology, the analyst has developed a comparative analysis tool, the Leadership Quadrant,' which identifies leaders, contenders, visionaries, and specialists in the oil and gas field equipment and service market and rates each oil and gas field equipment and service producer.
This report also offers a full competitive analysis from target markets to product mapping, from selling strategies to production capabilities. In this research study, six companies such as Schlumberger, Halliburton, Baker Hughes, Saipem, National Oilwell Varco, and Weatherford were analyzed and profiled because they are the top revenue producers for oil and gas field equipment and service. The six profiled manufacturers are grouped in the quadrant. The leadership quadrant analyzes the relative strength among these players. The leadership quadrant addresses the need in the market for manufacturer evaluation based on objective data and metrics.
A total of 60 figures/charts and 6 tables are provided in this 140-pages report to help in your business decisions.
This report answers the following key questions:
Key Topics Covered:
1. Leadership Analysis
1.1: Market Description
1.2: Scoring Criteria
1.3: Leadership Quadrant Analysis
1.3.1: Leaders (Top Right)
1.3.2: Contenders (Bottom Right)
1.3.3: Visionaries (Top Left)
1.3.4: Specialists (Lower Left)
2. Competitive Benchmarking
2.1: Product Portfolio Analysis
2.2: Financial Strength
2.3: Market Share Analysis
2.3.1: Market Share in Various Segments
2.3.2: Market Share in Various Regions
3. Schlumberger Profile
3.1: Company Overview
3.1.1: Schlumberger Company Description and Business Segments
3.1.2: Schlumberger Company Statistics
3.2: Oil and Gas Field Equipment and Service Business Overview
3.2.1: Oil and Gas Field Equipment and Service Business Segment
3.2.2: Global Oil and Gas Field Equipment and Service Operations
3.2.3: Key Differentiators and Strengths
3.3: Products and Product Positioning
3.3.1: Product Line Overview
3.3.2: Oil and Gas Field Equipment and Service Product Mapping
3.3.3: Product Positioning in Market Segments
3.4: Markets and Market Positioning
3.4.1: Market Position in Global Oil and Gas Field Equipment and Service Business
3.5: Revenue Breakdown by Market Segments
3.6: Revenue Breakdown by Regions
3.7: Production
3.7.1: Global Manufacturing Operations
3.8: Innovation and Market Leadership
3.9: Marketing, Sales, and Organizational Capabilities
3.9.1: Marketing and Sales
3.9.2: Management Commitment and Track Record
3.10: Financial Strength
4. Halliburton Profile
5. Baker Hughes Profile
6. Saipem Profile
7. National Oilwell Varco Profile
8. Weatherford Profile
For more information about this report visit https://www.researchandmarkets.com/r/chjocc
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
AKRON, Ohio--(BUSINESS WIRE)--$BW #asiapacific--Babcock & Wilcox (B&W) (NYSE: BW) announced today that it is establishing its Asia-Pacific Region headquarters in Perth, Australia, to serve as the center of operations for its expansion in the Asia-Pacific market. B&W has named Nick Carter as Managing Director of the region.
The company also is establishing or expanding operations in Indonesia, the Philippines, Vietnam, Thailand, China, India and other countries. B&W’s three business segments – B&W Environmental, B&W Renewable and B&W Thermal – will draw on the resources of these operations to meet the needs of customers throughout the Asia-Pacific region.
“There is significant demand for clean energy, waste-to-energy, emissions and environmental controls, and advanced thermal energy solutions in the Asia-Pacific region. Establishing a strong presence in this region, along with a key management and operations team, is an important next step for Babcock & Wilcox,” said B&W Chief Executive Officer Kenneth Young. “B&W Environmental, B&W Renewable and B&W Thermal offer comprehensive, industry-leading technologies and equipment, parts, plant maintenance and other services that are well-known and respected throughout the Asia-Pacific region, which we estimate has an addressable market of nearly $8 billion over the next three years.”
“Under Nick Carter’s experienced, skilled leadership, we are already seeing signs of success as the energy demands and environmental mandates within this region are expanding exponentially,” Young said.
Carter has considerable experience within the power generation sector, including more than 20 years in South America and the Asia-Pacific region delivering major power generation projects. Carter began his career with Bechtel Corporation and joined B&W in 1980, and subsequently held a number of international positions of increasing responsibility including managing large power generation projects, and serving as Director, International Sales and Business Development for the Asia-Pacific region. Between 2008 and 2014, he served as President of NixEnergy Inc. and as Vice President of Business Development for Kiewit Energy Group Inc., before rejoining B&W in 2014. Carter is a graduate of Auckland Technical Institute (AIT), New Zealand, and Petone Institute of Technology.
B&W’s focus for the Asia-Pacific region will include upgrades, parts, equipment and other services to customers in the renewable, environmental and thermal markets, including to under-serviced local markets and the pulp & paper and petrochemical sectors.
About B&W
Headquartered in Akron, Ohio, Babcock & Wilcox is a global leader in energy and environmental technologies and services for the power and industrial markets. Follow us on Twitter @BabcockWilcox and learn more at www.babcock.com.
Forward-Looking Statements
B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the company’s plan to expand its presence in the Asia-Pacific region in support of the growth of its three business segments – B&W Renewable, B&W Environmental and B&W Thermal. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.
Investor Contact:
Megan Wilson
Vice President, Corporate Development & Investor Relations
Babcock & Wilcox
704.625.4944 | This email address is being protected from spambots. You need JavaScript enabled to view it.
Media Contact:
Ryan Cornell
Public Relations
Babcock & Wilcox
330.860.1345 | This email address is being protected from spambots. You need JavaScript enabled to view it.
Partnership with Duke and Ameresco addresses key Army priority of providing continuous power to support training mission
FRAMINGHAM, Mass. & FORT BRAGG, N.C.--(BUSINESS WIRE)--#efficiency--Ameresco, Inc., (NYSE: AMRC), a leading energy efficiency and renewable energy company, today announced that the U.S. Army has awarded to Duke Energy and Ameresco’s Federal Solutions Group a utility energy service contract (UESC) to implement power generation and facility efficiency improvements at Fort Bragg.
In partnership with Duke Energy, Ameresco will deploy a 1.1 megawatt (MW) floating solar photovoltaic (PV) system on the Big Muddy Lake at Camp Mackall, a remote Special Forces training site at the base. A 2 MW battery energy storage system will provide seamless transition to on-site generation during utility provider outages. This system will supplement power from the local grid and provide backup power during electric service outages. Under the $36 million design-build contract, Duke secures third-party financing to fund construction, and the U.S. Army pays down the financing annually with the utility savings that the project generates over the term of the contract.
Ameresco will also implement improvements to the boiler system, HVAC systems and lighting systems, as well as water conservation systems. In year one of the performance period, the contract will result in utility cost savings for the Army of over $2 million, a reduction in site energy use of 7% and a site water use reduction of 20%. In addition to reducing facility energy consumption, the modernization of these building systems is designed to reduce the number and frequency of equipment failures, freeing Fort Bragg personnel to focus on mission-critical activities. Construction is slated to begin in November 2020.
“With one-tenth of the Army housed at Fort Bragg, including Special Operations, Airborne and Global Response Force forces, it is imperative to provide energy security and improvements to the installation’s utility infrastructure,” said Nicole Bulgarino, Ameresco Executive Vice President & General Manager of Federal Solutions. “We’re eager to get to work installing these energy saving and resiliency measures across Fort Bragg and to support the readiness of the U.S. Army by maintaining a continuous power supply at this critical installation.”
About Fort Bragg
Fort Bragg has the largest population of any military installation in the world with more than 50,000 active duty personnel. Among the many important functions, the Post is the home of the headquarters for both the US Army Forces Command (FORSCOM) and United States Army Special Operations Command (USASOC). The Post is also home of the Joint Special Operations Command (JSOC), the Army's XVIII Airborne Corps and the headquarters of U.S. Army Reserve Command. Womack Army Medical Center is a 1.1 million square foot, 138 bed hospital located on the Post serving more than 160,000 eligible beneficiaries, the largest beneficiary population in the Army. Two airfields are located within the confines of the Post: Pope Field and Simmons Army Airfield. Pope Field is the airlift point for the Special Forces and Brigade Combat Teams (BCT) that make up the GRF located on the Post.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading independent provider of comprehensive services, energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include upgrades to a facility’s energy infrastructure and the development, construction and operation of renewable energy plants. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.
The announcement of a customer’s entry into a project contract is not necessarily indicative of the timing or amount of revenue from such contract, of the company’s overall revenue for any particular period or of trends in the company’s overall total project backlog. This project was included in our previously reported awarded backlog as of June 30, 2020.
Ameresco: Leila Dillon, 508-661-2264, This email address is being protected from spambots. You need JavaScript enabled to view it.
DALLAS--(BUSINESS WIRE)--Kosmos Energy (NYSE/LSE: KOS) announced today that Andrew G. Inglis, chairman and chief executive officer, will present at the Barclays CEO Energy-Power Conference on September 9, 2020, at 8:25 a.m. EDT. The presentation materials and a live webcast of the event will be available on the investors page of Kosmos’ website at investors.kosmosenergy.com. A replay of the webcast will be available on the website for approximately 90 days following the event.
About Kosmos Energy
Kosmos is a full-cycle deepwater independent oil and gas exploration and production company focused along the Atlantic Margins. Our key assets include production offshore Ghana, Equatorial Guinea and U.S. Gulf of Mexico, as well as a world-class gas development offshore Mauritania and Senegal. We also maintain a sustainable exploration program balanced between proven basin infrastructure-led exploration, emerging basins and frontier basins. Kosmos is listed on the New York Stock Exchange and London Stock Exchange and is traded under the ticker symbol KOS. As an ethical and transparent company, Kosmos is committed to doing things the right way. The Company’s Business Principles articulate our commitment to transparency, ethics, human rights, safety and the environment. Read more about this commitment in the Kosmos 2018 Corporate Responsibility Report. For additional information, visit www.kosmosenergy.com.
Investor Relations
Jamie Buckland
+44 (0) 203 954 2831
This email address is being protected from spambots. You need JavaScript enabled to view it.
Media Relations
Thomas Golembeski
+1-214-445-9674
This email address is being protected from spambots. You need JavaScript enabled to view it.
16.5 megawatt Wildflower Solar project will support the Sacramento Municipal Utility District’s community solar program as well as a pollinator habitat to boost local biodiversity
SACRAMENTO, Calif.--(BUSINESS WIRE)--#cleanenergy--Lightsource bp, a global leader in solar development, has successfully closed on a $20 million financing package and mobilized construction on its Wildflower Solar project located in Rio Linda, about 10 miles north of Sacramento, California. All of the electricity generated by the 16.5MWdc/13MWac project, enough to power about 2,600 homes, will be purchased by the Sacramento Municipal Utility District (SMUD) through a long-term power contract. SMUD, one of the largest community-owned, not-for-profit, electric service providers in the US, has been recognized worldwide for its innovative leadership in sustainability.
SMUD will use the power purchased from Wildflower to support its Neighborhood SolarShares program that can provide solar to new housing developments through an off-site utility scale solar project. The community solar program gives developers the ability to deliver the environmental benefits of solar power without having to install it on every rooftop.
“This program provides options to builders and a net benefit to potential homebuyers, all while providing clean power to our community. The state of California and the Sacramento region are facing an affordable housing crisis and our low-cost solar option provides a valuable tool to lower the construction costs of new homes while supporting carbon reduction goals.” - Arlen Orchard, SMUD CEO and General Manager
“The affordability of solar, combined with its generation of emissions free electricity has made it an ideal source to add to our country’s energy mix. Adding on benefits such as community solar programs that help contribute to affordable housing, along with implementing long-term land management plans that enhance local biodiversity, are all ways that we can work together to multiply solar’s contribution to our nation’s economy and environment.” - Kevin Smith, CEO of the Americas for Lightsource bp
Financing provided by leading institutions
Lightsource bp secured tax equity financing for the project from Guardian Life Insurance Company of America, via its partnership with the Rockwood Group. National Westminster Bank PLC (NatWest), a major retail and commercial bank and leading project financing lender in Europe and long-standing partner of Lightsource bp, is the senior project finance debt lender. The balance of the equity requirements will be invested by Lightsource BP. Lightsource bp engaged CohnReznick as the financial advisor on the transaction.
Local jobs
Project construction is underway, with commercial operation expected by the end of 2020. Construction Innovations, one of the largest locally based U.S. manufacturers of specialized electrical systems, has partnered with local contractors to build the project. The project will employ more than 75 on-site construction team members from the local community during peak construction, in addition to supporting full time manufacturing jobs within Construction Innovations’ Sacramento facility. Founded in Sacramento in 2011, Construction Innovations has provided the electrical systems needed to power over 6% of all solar capacity nationwide.
Pollinator friendly solar – fostering biodiversity and boosting crop yields
Lightsource bp creates customized long-term land and environmental management plans for solar farms that aim to maintain, as well as develop, plant and wildlife habitats to provide a net gain for local biodiversity. The plan for Wildflower Solar will be to create a pollinator friendly solar farm, designed in collaboration with ecology experts to restore and conserve pollinator habitat.
Here in California as well as around the world, habitat loss and climate change have caused pollinator populations to decline. Over 85% of the world’s flowering plants, including more than two-thirds of the world’s crop species, are dependent on pollinators, so declining populations have detrimental effects on food systems worldwide. Researchers at the Department of Energy’s Argonne National Laboratory have found that stable pollinator populations facilitated by pollinator-friendly solar farms allowed nearby agricultural land to be pollinated and, ultimately, boosted crop yields.
About Lightsource bp
Lightsource bp is a global leader in the development and management of solar energy projects. They are a 50:50 joint venture with bp plc, working together to help drive the world’s transition to low carbon energy through competitively priced and sustainable electricity. With solar set to increase tenfold in the next 20 years, Lightsource bp is well-positioned to capitalize on this growth and enact real change on the global energy landscape through responsible solar projects.
The team is comprised of 500 industry specialists, active across 13 countries – providing a full-service to their customers from initial site selection and permitting through to long-term management of projects. Lightsource bp in the US is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta and Houston. Since the company announced its strategic expansion into North America in late 2017, the team has developed a pipeline of more than 7 gigawatts of large-scale solar projects at various stages of development across the United States with over one gigawatt of contracted assets. For more information visit lightsourcebp.com, follow us on Twitter @lightsourceBP and Instagram @lightsourcebp or view our LinkedIn page. For media inquiries, please contact Mary Grikas at This email address is being protected from spambots. You need JavaScript enabled to view it..
About SMUD
As the nation’s sixth-largest community-owned electric service provider, SMUD has been providing low-cost, reliable electricity for almost 75 years to Sacramento County (and small adjoining portions of Placer and Yolo Counties). SMUD is a recognized industry leader and award winner for its innovative energy efficiency programs, renewable power technologies, and for its sustainable solutions for a healthier environment. SMUD’s power mix is about 50 percent non-carbon emitting. For more information, visit smud.org.
Mary Grikas
This email address is being protected from spambots. You need JavaScript enabled to view it.
Proceeds Support Eligible Clean Energy Investments
WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) today announced the issuance of $120 million of Green Bonds. The proceeds from the sale will fund eligible green investments, including NJR’s commercial solar projects. The bonds have an annual fixed rate of 3.13 percent with a maturity date of September 1, 2031.
“Sustainability is a cornerstone of our company,” said Steve Westhoven, President and Chief Executive Officer of New Jersey Resources. “These green bonds are consistent with our investment strategy and reflect our commitment to responsibly develop clean energy projects, reduce emissions and grow our business.”
Green bonds are financial instruments designed to encourage sustainability projects, such as clean energy production, energy efficiency and environmentally friendly technologies, among others. The net proceeds of NJR’s offering support its clean energy investments, including 10 commercial solar projects with a combined installed capacity of nearly 63 megawatts (MW), or enough clean energy to power approximately 9,900 homes and eliminate about 60,000 tons of carbon dioxide annually.
This is NJR’s second issue of green bonds. NJR has now financed 113 MW of its commercial solar projects with green bonds.
A leader in New Jersey’s clean energy marketplace, NJR invests in, owns and operates green projects that generate clean power and provide low-carbon energy solutions. Since 2009, NJR has invested over $900 million in residential and commercial solar projects in the state totaling more than 350 MW.
About New Jersey Resources
New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is composed of five primary businesses:
NJR and its more than 1,100 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve® and initiatives such as The SAVEGREEN Project® and The Sunlight Advantage®. For more information about NJR: www.njresources.com.
Follow us on Twitter @NJNaturalGas.
“Like” us on facebook.com/NewJerseyNaturalGas.
Media:
Michael Kinney
732-938-1031
This email address is being protected from spambots. You need JavaScript enabled to view it.
Investors:
Dennis Puma
732-938-1229
This email address is being protected from spambots. You need JavaScript enabled to view it.
LONDON--(BUSINESS WIRE)--#FuelDispenserMarket--Technavio has been monitoring the global fuel dispenser market size and it is poised to grow by USD 1.43 billion during 2020-2024, progressing at a CAGR of over 5% 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.
Although the COVID-19 pandemic continues to transform the growth of various industries, 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. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions:
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Beijing SANKI Petroleum Technology Co. Ltd., Bennett Pump Co., Censtar Science & Technology Corp. Ltd., Dover Corp., Gilbarco Inc., HENSHEN MACHINERY Co. Ltd., Scheidt & Bachmann GmbH, SPYRIDIS GROUP, Tatsuno Corp., and Zhejiang Datian machine Co. Ltd. are some of the major market participants. The Increasing inbound and outbound tourism will offer immense growth opportunities. To make 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.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
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.
Fuel Dispenser Market 2020-2024: Segmentation
Fuel Dispenser Market is segmented as below:
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43097
Fuel Dispenser 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 fuel dispenser market report covers the following areas:
This study identifies the growing focus on reducing carbon footprint as one of the prime reasons driving the Fuel Dispenser 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.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform
Fuel Dispenser Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
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
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.technavio.com/
AKRON, Ohio--(BUSINESS WIRE)--$BW #BabcockWilcox--Babcock & Wilcox (B&W) (NYSE: BW) announced today that it is continuing to expand its presence in Europe to support the growth of its three business segments – B&W Renewable, B&W Environmental and B&W Thermal. Gary Cochrane has been named Managing Director of its European region and will lead the company’s efforts to leverage its established offices, manufacturing facilities and operations in the U.K., Germany, Denmark, Italy and Sweden to expand its footprint in Europe.
B&W is adding sales, service, operations and support staff to serve new and existing customers and pursue new opportunities across the region.
“B&W has successfully operated in Europe for many decades and is an industry leader in providing advanced technologies for biomass-to-energy, waste-to-energy, environmental, boiler cleaning and engineered solutions for a wide range of applications,” said B&W Chief Executive Officer Kenneth Young. “We’re increasing our presence to leverage these important markets by putting key management and operational teams in place, augmenting our staff and capabilities and pursuing new opportunities.”
“As Managing Director, Gary Cochrane will lead our efforts to build on our strong foundation in Europe and capitalize on the estimated addressable market of more than $7 billion over the next three years, as more European power providers and industries transition to cleaner energy options and advanced waste-to-energy and biomass technologies,” Young said. “He will coordinate our regional growth initiatives for all B&W product lines as we pursue new opportunities in renewable energy across all of Europe and provide customers with environmental, renewable and thermal solutions in these growing markets.”
Cochrane joined B&W in 2018, most recently holding responsibility for the company’s parts & service business across Europe, the Middle East and Africa. He previously served as a regional general manager for Weir Oil & Gas in Europe, Russia and the Caspian region. Prior to that, Cochrane was responsible for identifying and implementing market strategies and technologies for Oceaneering International Services. He earned his bachelor’s degree in energy and environmental engineering from Napier University in Edinburgh, Scotland.
About B&W
Headquartered in Akron, Ohio, Babcock & Wilcox is a global leader in energy and environmental technologies and services for the power and industrial markets. Follow us on Twitter @BabcockWilcox and learn more at www.babcock.com.
Forward-Looking Statements
B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the company’s plan to expand its presence in Europe in support of the growth of its three business segments – B&W Renewable, B&W Environmental and B&W Thermal. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.
Investor Contact:
Megan Wilson
Vice President, Corporate Development & Investor Relations
Babcock & Wilcox
704.625.4944 | This email address is being protected from spambots. You need JavaScript enabled to view it.
Media Contact:
Ryan Cornell
Public Relations
Babcock & Wilcox
330.860.1345 | This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Bunker Oil Market, Size, Share, Outlook and COVID-19 Strategies, Global Forecasts from 2019 to 2026" report has been added to ResearchAndMarkets.com's offering.
This report presents the emerging market trends, factors driving the Bunker Oil market growth, and potential opportunities over the forecast period. The trends underpinning the profitability of Bunker Oil companies are shifting rapidly, forcing companies to carefully align their strengths in synchronization with Bunker Oil industry trends.
To avoid getting left behind in an intensive competitive Bunker Oil market, global companies need a new approach to ensure they create value in this environment. Amid increasing activities of M&A and growing activist-investor activity, Bunker Oil companies must strengthen their capabilities to maintain their market shares in the Bunker Oil industry.
To assist Bunker Oil manufacturers and vendors to formulate their strategies and analyze their business in the global front, the publisher has published its 2020 series of Bunker Oil market size, share, opportunities, and outlook to 2026. The report explores changing Bunker Oil market landscape, capital markets, strategies, mergers & acquisitions in the global and country-level markets.
The report presents an introduction to the Bunker Oil market in 2020, analyzing the COVID-19 impact both quantitatively and qualitatively. It presents the strategies being adopted by leading Bunker Oil companies, emerging market trends, Bunker Oil market drivers, challenges, and potential opportunities to 2026. The market attractiveness index is also included to assess the impact of suppliers, buyers, competitive landscape, new entrants, and substitutes on the Bunker Oil market.
The global Bunker Oil market size is forecast across different scenarios including the actual forecasts and COVID affected forecasts from 2019 to 2026. Further, Bunker Oil market revenue and market shares in global industry are forecast across different types of Bunker Oil, applications, and end-user segments of Bunker Oil and across 18 countries.
Companies Mentioned
Report Guide
General Scope
Key Topics Covered:
1 Table of Contents
1.1 List of Tables
1.2 List of Figures
2 Executive Summary
2.1 Market Panorama, 2020
2.2 Bunker Oil Outlook to 2026 - Original Forecasts
2.3 Bunker Oil Outlook to 2026 - COVID-19 Affected Forecasts
3 Strategic Analytics to Boost Productivity and Profitability
3.1 Potential Market Drivers and Opportunities
3.2 New Challenges and Strategies being adopted by Companies
3.3 Short Term and Long Term Bunker Oil market trends
3.4 Impact of New Entrants, Competitive Landscape, Substitutes, Buyer and Supplier Powers
4 Global Bunker Oil Market Outlook across Types to 2026
4.1 Asia Pacific Bunker Oil Market Outlook across Types, 2019 - 2026
4.2 Europe Bunker Oil Market Outlook across Types, 2019 - 2026
4.3 North America Bunker Oil Market Outlook across Types, 2019 - 2026
4.4 South and Central America Bunker Oil Market Outlook across Types, 2019 - 2026
4.5 Middle East Africa Bunker Oil Market Outlook across Types, 2019 - 2026
5 Global Bunker Oil Market Outlook across Applications to 2026
5.1 Asia Pacific Bunker Oil Market Outlook across Applications, 2019 - 2026
5.2 Europe Bunker Oil Market Outlook across Applications, 2019 - 2026
5.3 North America Bunker Oil Market Outlook across Applications, 2019 - 2026
5.4 South and Central America Bunker Oil Market Outlook across Applications, 2019 - 2026
5.5 Middle East Africa Bunker Oil Market Outlook across Applications, 2019 - 2026
6 Country - wise Bunker Oil Market Analysis and Outlook to 2026
7 Global Bunker Oil Market Competitive Analysis
7.1 Top 10 Leading Companies in the global Bunker Oil industry
7.1.1 Business Overview
7.1.2 Bunker Oil Products and Services
7.1.3 SWOT Analysis
7.1.4 Financial Profile
8 Global Bunker Oil Market - Recent Developments
8.1 Bunker Oil Market News and Developments
8.2 Bunker Oil Market Deals Landscape
9 Appendix
9.1 Publisher Expertise
9.2 Research Methodology
9.3 Sources and Proprietary Databases
9.4 Abbreviations
9.5 Contact Information
For more information about this report visit https://www.researchandmarkets.com/r/i164oz
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
SAN FRANCISCO--(BUSINESS WIRE)--As part of its commitment to help communities recover from the August wildfires in Northern California, Pacific Gas and Electric Company (PG&E) has outlined a series of billing and service modifications available to support customers in impacted areas.
“PG&E is committed to supporting our customers during this difficult time. For our customers who recently lost their homes or businesses to wildfires, we are offering additional help with billing, disconnections, reconnections and more. We will be by your side and will continue to support you if you choose to rebuild,” said Laurie Giammona, PG&E Senior Vice President and Chief Customer Officer.
The following are some of the actions PG&E has taken to support customers who lost their home or business as a result of the recent lightning-sparked wildfires:
Billing Support: As part of its comprehensive disaster billing and credit policy, PG&E will:
Suspend Disconnections: For residential and small-business customers, disconnections for non-payment have been suspended, as well as associated fees.
Credit Support: PG&E is committed to providing customers gas and electric service regardless of their ability to pay during this difficult time. PG&E already does not charge residential and small-business customers deposits or reconnection fees.
Flexible Payment Plans: Once wildfire-impacted customers start receiving gas and electric service again, flexible payment plans are available.
Bill Assistance Programs
In addition, PG&E offers additional programs for customers who qualify to help save money on their PG&E bill:
California Alternate Rates for Energy (CARE) Program: Qualified households can save 20 percent or more each month on their energy bill.
Family Electric Rate Assistance (FERA) Program: Separate from CARE, income-qualified households with three or more people can apply for a monthly discount on their electric bill.
Relief for Energy Assistance through Community Help (REACH): Provides income-qualified customers with financial assistance during times of hardship. Customers impacted by the wildfires are eligible for financial assistance. Certain limitations may apply.
Medical Baseline: Residential customers who have additional energy needs due to certain qualifying medical conditions can receive a lower rate on monthly energy bills. There are no income qualifications. Visit www.pge.com/medicalbaseline for more information.
Dedicated Support Contact
For customers who choose to rebuild, they will be assigned a dedicated member of the PG&E Community Rebuild Team through the “Customer Connections” portal, who will provide the following:
In-Person and Online Support: PG&E has dedicated service support for customers to initiate and track new and temporary electric service installation requests through www.pge.com/cco.
Expediting Service Requests: Expediting move-in and move-out service requests. PG&E is also offering the ability to re-establish service under a prior rate schedule.
No Temporary Service Fees: PG&E will waive fees for establishing temporary service for rebuilding purposes.
For more information, please visit pge.com/consumer-protections. PG&E is continuing to work across the company to review policies and procedures to ensure it is supporting and providing relief to customers who were impacted by wildfires.
PG&E’s customer service personnel are available any time of day through PG&E’s dedicated Building and Renovation line. Call 877-743-7782 and push #4 for wildfire victim support.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 23,000 employees, the company delivers some of the nation’s cleanest energy to nearly 16 million people in Northern and Central California. For more information, visit pge.com and pge.com/news.
MEDIA RELATIONS:
415-973-5930
SAN FRANCISCO--(BUSINESS WIRE)--September is National Preparedness Month, and Pacific Gas and Electric Company (PG&E) reminds its customers that being prepared for the unexpected, especially after the events of the last few weeks, has never been more important.
With peak wildfire season off to an early start and COVID-19 altering the dynamics of evacuations, having an emergency plan and reviewing it and sharing it with family and friends is essential. PG&E’s online Safety Action Center is a great place to start. More than 1 million Californians have used the resources at this one-stop source. The website helps ensure that customers are prepared before an emergency, with links to sign up for wildfire safety alerts and printable emergency checklists. The Safety Action Center also includes a helpful video demonstration of how to manually open an electric garage door, should you experience a power outage during an evacuation.
“We are in the heart of wildfire season, in the midst of a pandemic, and in earthquake country. We don’t need to be afraid, but we do need to be prepared,” said Rod Robinson, PG&E’s senior director of Emergency Preparedness & Response. “At PG&E, we plan for emergencies by regularly training, working closely with first responders, and tracking the weather 24/7/365. We encourage customers to also have a plan for emergencies and, above all else, stay safe.”
How Customers Can Prepare
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 23,000 employees, the company delivers some of the nation’s cleanest energy to nearly 16 million people in Northern and Central California. For more information, visit pge.com and pge.com/news.
MEDIA RELATIONS:
415-973-5930
LONDON--(BUSINESS WIRE)--#GlobalSpectacleFlangesMarket--Technavio has been monitoring the spectacle flanges market and it is poised to grow by USD 201.51 million during 2020-2024, progressing at a CAGR of over 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.
Although the COVID-19 pandemic continues to transform the growth of various industries, 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. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions:
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aashish Steel, Buffalo Flange Inc., Chengdu Derbo Steel Co. Ltd., Neo Impex Stainless Pvt. Ltd., Nexus Alloys & Steels Pvt. Ltd., Petromat Oil & Gas Equipment Pvt. Ltd., Quality Forge & Fitting, Raaj Sagar Steels, Rajendra Industrial Corp., and USA Industries Inc. are some of the major market participants. Although the Expansion of crude oil and natural gas pipelines will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
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.
Spectacle Flanges Market 2020-2024: Segmentation
Spectacle Flanges Market is segmented as below:
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44200
Spectacle Flanges 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 spectacle flanges market report covers the following areas:
This study identifies the rising demand from the water and wastewater treatment industry as one of the prime reasons driving the Spectacle Flanges 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.
Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform
Spectacle Flanges 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
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.technavio.com/
Customer satisfaction rooted in utility’s strong commitment to service
TAMPA, Fla.--(BUSINESS WIRE)--For the eighth consecutive year, the residential customers of TECO Peoples Gas have rated the utility highest in customer satisfaction among midsize natural gas companies in the south region segment of the J.D. Power 2020 Gas Utility Residential Customer Satisfaction Study. This year, Peoples Gas received the highest score in the history of the Gas Utility Residential Study and was the first to achieve the highest ranking in their segment eight years in a row.
The study analyzed customer satisfaction in six categories: billing and payment, price, corporate citizenship, communications, customer service and safety and reliability. Peoples Gas swept all six study factors, ranking #1 in the segment.
“Throughout this health crisis, our team has shown true commitment to safely delivering essential energy and services for our neighbors and businesses,” said T.J. Szelistowski, president of Peoples Gas. “We have volunteered, personally donated to food banks and other critical community services, and worked hard to support our customers – especially those in need. This recognition is a testament to our dedication and spirit, and it makes me so proud to know our customers appreciate what we do.”
Soon after the pandemic began, Peoples Gas voluntarily suspended all disconnections related to non-payment for several months and, with its affiliate Tampa Electric, contributed more than $1 million to support Floridians who have lost their jobs or substantial income as a result of COVID-19. “At every level, our team kept going strong because we believe that now, more than ever, Floridians need us,” said Szelistowski. “It is remarkable and motivating that our customers would take the time to participate in the study during the pandemic and share such positive sentiments about us.”
The company continues to make investments and advances in its infrastructure and technologies to ensure a safe and resilient natural gas system and to meet evolving customer expectations and growth.
J.D. Power’s 2020 Gas Utility Residential Customer Satisfaction Study is based on more than 60,000 responses from residential customers of 83 of the largest gas utilities across the continental United States and was conducted between September 2019 and July 2020. Peoples Gas ranked highest in customer satisfaction in residential natural gas service among midsize gas utilities in the south region, which includes eight states.
Peoples Gas System, Florida’s largest natural gas distribution utility, serves more than 400,000 customers across the state. Peoples Gas is a subsidiary of Emera Inc., a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, Canada.
Sylvia Vega 813.228.4381
DUBLIN--(BUSINESS WIRE)--The "AIS Medium Voltage (MV) Switchgear Market Analysis Report + Database (Europe, Germany, France, Spain): AIS Primary, AIS Secondary Segmentation in Utility, Generation & Industry" report has been added to ResearchAndMarkets.com's offering.
This MV Switchgear research service focuses on three application verticals where MV Switchgear is used: Distribution, Generation and Industry. This service looks at each of these verticals in depth, analyzing the market trends and growth factors by looking at the deployment strategies of utilities, IPPs and industrial customers. This understanding coupled with the knowledge of design topologies in every country ensures that the final analysis is highly detailed and covers all aspects of the market, both technically and strategically. A comprehensive analysis of the competitive landscape in addition to market accessibility research, segmented by technology, voltage and application is also possible should our clients require very specific details.
With an active increase in Distributed Generation (DERs) and Electric Vehicle (EV) penetration, grid dynamics at the distribution level are more complex than ever. MV Switchgear market has further complex demand dynamics considering the varying distribution grid structure around the world and factors like primary vs secondary switchgear use and equipment preferences (Indoor vs Outdoor).
Key Topics Covered:
1. Executive Summary
2. Region Overview
I. Market Setting and Customers
II. Trade Overview
III. Equipment Standards
3. Market Sizing
I. Europe AIS Primary MV Switchgear Market Sizing by Vertical (Utility, Industry, Generation), by Voltage and Comments
II. Europe AIS Secondary MV Switchgear Market Sizing by Vertical (Utility, Industry, Generation), by Voltage and Comments
III. Germany AIS Primary MV Switchgear Market Sizing by Vertical (Utility, Industry, Generation), by Voltage and Comments
IV. Germany AIS Secondary MV Switchgear Market Sizing by Vertical (Utility, Industry, Generation), by Voltage and Comments
V. France AIS Primary MV Switchgear Market Sizing by Vertical (Utility, Industry, Generation), by Voltage and Comments
VI. France AIS Secondary MV Switchgear Market Sizing by Vertical (Utility, Industry, Generation), by Voltage and Comments
VII. Spain AIS Primary MV Switchgear Market Sizing by Vertical (Utility, Industry, Generation), by Voltage and Comments
VIII. Spain AIS Secondary MV Switchgear Market Sizing by Vertical (Utility, Industry, Generation), by Voltage and Comments
4. Competitive Analysis
I. Market Shares
II. M&A Activity
III. Product Benchmarking (top suppliers)
5. Supplier Profiles
6. Market Accessibility
I. Sales Channel Analysis
II. Procurement Preferences
III. Business Practices
IV. Quotes from Interviews
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/i5e43c
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.
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
NEW YORK--(BUSINESS WIRE)--#dividend--The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on September 30, 2020 to holders of record at the close of business on September 15, 2020.
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at http://www.hess.com.
For Hess Corporation
Investor Contact:
Jay Wilson
(212) 536-8940
Media Contact:
Lorrie Hecker
(212) 536-8250
This email address is being protected from spambots. You need JavaScript enabled to view it.
LONDON--(BUSINESS WIRE)--#FuelAdditivesMarket--The fuel additives market is expected to grow by USD 4.08 billion, accelerating at a CAGR of almost 7% during the forecast period. Download Free Sample Report
The rising demand for Ultra-Low Sulfur Diesel (ULSD) is one of the major factors propelling market growth. However, factors such as the rising need for renewable clean fuel, stringent regulations and policies, and growing demand for electric vehicles in the automotive industry will hamper market growth.
More details: Report Page Link
Global Fuel Additives Market: Type Landscape
Based on the type, the deposit control additives segment is expected to witness lucrative growth during the forecast period.
Global Fuel Additives Market: Application Landscape
Based on the type, the diesel fuel additives segment is expected to post significant growth during the forecast period.
Global Fuel Additives Market: Geographic Landscape
By geography, APAC is going to have a lucrative growth during the forecast period. About 45% of the market’s overall growth is expected to originate from APAC. China and India are the key markets for fuel additives in APAC.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
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.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform
Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Type
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
For more information about this report visit https://www.technavio.com/report/fuel-additives-market-industry-analysis
About Technavio:
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.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: https://www.technavio.com
TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) President and Chief Executive Officer Alan Armstrong is scheduled to participate in virtual meetings with investors, including a fireside chat Q&A session, at the Barclays CEO Energy-Power Conference on Wednesday, September 9.
The fireside chat will begin at approximately 9:05 a.m. Eastern Time (8:05 a.m. Central Time), and a link to the live webcast, as well as a replay, will be available at https://investor.williams.com. A copy of the presentation used during the investor meetings will also be posted on the company’s website the morning of September 9.
About Williams
Williams (NYSE: WMB) is committed to being the leader in providing infrastructure that safely delivers natural gas products to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation and storage of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines system wide – including Transco, the nation’s largest volume and fastest growing pipeline – and handles approximately 30 percent of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use.
MEDIA:
This email address is being protected from spambots. You need JavaScript enabled to view it.
(800) 945-8723
INVESTOR CONTACT:
Danilo Juvane
(918) 573-5075
CALGARY, Alberta--(BUSINESS WIRE)--Imperial today confirmed it is undertaking a controlled ramp down at its Kearl oil sands operation due to an ongoing outage on a third-party diluent pipeline related to a release that was detected on August 29, 2020. All production at the Kearl operation has ceased at this time, and the facilities remain ready to ramp up to full production rates once the diluent pipeline is back in service and diluent supply is restored.
Imperial’s first priority continues to be the safety of our employees, contractors and the communities where we operate, and the shutdown will be conducted in a safe and controlled manner. The company is pursuing a number of steps to try to mitigate the operational impacts.
The impact of the outage and a timeline for restart is unknown at this time.
Cautionary statement: Statements of future events or conditions in this release, including projections, targets, expectations, estimates, and business plans are forward-looking statements. Forward-looking statements in this release include, but are not limited to, references to the controlled shutdown of the Kearl operation, the readiness of facilities to ramp up to full production rates once the diluent pipeline is back in service, the ability to safely shutdown, steps to mitigate operational impacts, and the impact of the outage and timing for restart of the Kearl operation.
Forward-looking statements are based on the company's current expectations, estimates, projections and assumptions at the time the statements are made. Actual future financial and operating results, including expectations and assumptions concerning the length of the third party pipeline outage and restoration of diluent supply; the ability to source alternate diluent supply; the company’s ability to effectively execute on its business response and continuity plans; the company’s ability to effectively restart production at the facility; production rates; applicable laws and government policies and actions, including restrictions in response to COVID-19; demand growth and energy source, supply and mix; general market conditions; commodity prices; and capital and environmental expenditures could differ materially depending on a number of factors. These factors include availability and performance of third party service providers, including in light of restrictions related to COVID-19; unanticipated technical or operational difficulties; operational hazards and risks; management effectiveness and disaster response preparedness, including business continuity plans in response to COVID-19; the receipt, in a timely manner, of regulatory and third-party approvals; political or regulatory events, including changes in law or government policy such as actions in response to COVID-19; global, regional or local changes in supply and demand for oil, natural gas, and petroleum products and resulting price, differential and margin impacts; general economic conditions; and other factors discussed in Item 1A risk factors and Item 7 management’s discussion and analysis of financial condition and results of operations of Imperial’s most recent annual report on Form 10-K and subsequent interim reports on Form 10-Q.
Forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties, some that are similar to other oil and gas companies and some that are unique to Imperial Oil Limited. Imperial’s actual results may differ materially from those expressed or implied by its forward-looking statements and readers are cautioned not to place undue reliance on them. Imperial undertakes no obligation to update any forward-looking statements contained herein, except as required by applicable law.
After more than a century, Imperial continues to be an industry leader in applying technology and innovation to responsibly develop Canada’s energy resources. As Canada’s largest petroleum refiner, a major producer of crude oil, a key petrochemical producer and a leading fuels marketer from coast to coast, our company remains committed to high standards across all areas of our business.
Investor relations
(587) 476-4743
Media relations
(587) 476-7010
Two new megawatt installations of Bloom Energy Servers to build new utility-scale, clean energy facilities in the country’s northwestern Gyeonggi province
SAN JOSE, Calif.--(BUSINESS WIRE)--Bloom Energy (NYSE: BE) and SK Engineering and Construction (SK E&C) today announced they have powered on two new clean energy facilities with fuel cell technology in the Gyeonggi province of South Korea. Located respectively in the cities of Hwasung and Paju, these new installations use Bloom Energy’s non-combustion, electrochemical process to produce electricity with lower and predictable energy costs and enhanced reliability – all while reducing carbon emissions.
The first power plant, located in the historic city of Hwasung, boasts a 19.8-megawatt fuel cell deployment of Bloom Energy Servers – the largest Bloom Energy project in South Korea to date and the company’s second largest in the world. This deployment marks the first-ever solid oxide fuel cell project financed in Korea, with over 141 billion KRW of debt and equity financing. The solid oxide fuel cell installment provides a new source of electricity to meet growing energy demand. This facility alone is designed to generate enough electricity to power approximately 43,000 homes in the area.
Located in the city of Paju, the second plant consists of an 8.1 megawatt fuel cell deployment of Bloom Energy Servers designed to power nearly 18,000 homes in the area. Furthermore, the new plant not only generates clean and reliable energy for the city, it also supplies its residents in rural areas with natural gas via new city pipelines for the first time.
South Korea is a leader and global champion of fuel cell technology for utility-scale power generation. By latest estimates, its six power generation companies have deployed approximately 300 megawatts of fuel cell power to date.
This is just the beginning. South Korea has introduced several initiatives to increase power generation from renewable and new technologies. The government released a Hydrogen Economy Roadmap in 2019 calling for 15,000 megawatts of stationary fuel cells by 2040. And, South Korea’s Renewable Portfolio Standard incentivizes generation companies to increase renewable and new technology derived power to 10 percent by 2023. These energy initiatives don’t simply promote energy innovation, but also cleaner solutions and the reduction of greenhouse gas emissions.
Solid oxide fuel cell servers, unlike other fuel cell power generators, reuse the heat they produce and do not need a heat requirement to be efficient or cost-effective, making them an option for more power users. Bloom Energy Servers have one of the highest electrical efficiency of any commercially available electric power generation system in the world, resulting in low fuel consumption – a valuable feature in a country that imports all of its gas. Additionally, the terrain and population density of South Korea make small footprint and modularly designed Bloom Energy Servers a practical energy solution for the country.
“South Korea is clearly on the leading-edge of our world’s energy future,” said KR Sridhar, founder, chairman and CEO of Bloom Energy. “And, this utility-scale deployment of fuel cells is a powerful proof point of its ambitious energy plan. Bloom Energy is proud to support this visionary effort to make clean, reliable, resilient, and adaptable power generation.”
“We must all be thinking about how to provide the energy needed today while also contributing to the betterment of our air and environment,” explained Jason Ahn, President and CEO of SK E&C. “Embracing technology advancements, like those from Bloom Energy, addresses energy needs and benefits to the environment and society.”
South Korea was one of the first countries heavily impacted by the COVID-19 pandemic; however, the country was successful in keeping business running, and the 19.8-megawatt installation was able to be constructed and completed during the pandemic.
In July 2020, Bloom announced plans to enter the commercial hydrogen market by introducing hydrogen-powered fuel cells and electrolyzers that produce renewable hydrogen. These products will be first introduced to the South Korean market in 2021 through an expanded partnership with SK E&C.
About Bloom Energy
Bloom Energy’s mission is to make clean, reliable energy affordable for everyone in the world. The company’s product, the Bloom Energy Server, delivers highly reliable and resilient, always-on electric power that is clean, cost-effective, and ideal for microgrid applications. Bloom’s customers include many Fortune 100 companies and leaders in manufacturing, data centers, healthcare, retail, higher education, utilities, and other industries. For more information, visit www.bloomenergy.com.
Bloom Energy and the Bloom Energy logo are registered trademarks of Bloom Energy Corporation.
Forward-Looking Statements under the Private Securities Litigation Reform Act of 1995
This press release contains forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties. Words such as “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “seeks,” “estimates,” “can,” “may,” “will,” “would” and similar expressions identify such forward-looking statements. These statements include, but are not limited to statements regarding t plans to enter the commercial hydrogen market by introducing hydrogen-powered fuel cells and electrolyzers that produce renewable hydrogen; plans to introduce these types of products into the South Korean market in 2021. These statements should not be taken as guarantees of results and should not be considered an indication of future activity or future performance. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties, including those included in the risk factors section and other sections of Bloom’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2020 and other risks detailed in Bloom’s SEC filings from time to time. Bloom undertakes no obligation to revise or publicly update any forward-looking statements unless if and as required by law.
Media Relations
Jennifer Duffourg
Bloom Energy
T: 480.341.5464
This email address is being protected from spambots. You need JavaScript enabled to view it.
Investor Relations
Mark Mesler
Bloom Energy
T: 408.543.1743
This email address is being protected from spambots. You need JavaScript enabled to view it.
MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE American: NOG) (“Northern” or the “Company”) today announced a 1-for-10 reverse split of its common stock. Beginning on September 21, 2020, the Company’s common stock will trade on the NYSE American on a split-adjusted basis.
At the Company’s special meeting of stockholders on August 17, 2020, the Company’s stockholders authorized the Board of Directors to effect the reverse stock split, with 95% of the shares that voted approving the reverse stock split.
When the reverse stock split becomes effective, the number of authorized shares of the Company’s common stock will decrease to 135.0 million, while the number of issued and outstanding shares will be reduced from approximately 436.4 million to approximately 43.6 million (based on shares outstanding as of August 31, 2020). No fractional shares will be issued following the reverse stock split. In lieu of any fractional shares, any holder of less than one share of common stock will be entitled to receive cash for such holder’s fractional share. The reverse stock split will not impact the authorized number of shares of preferred stock of the Company.
The Company’s common stock will continue to trade on the NYSE American under the symbol “NOG.” The new CUSIP number for the common stock following the reverse stock split is 665531 307.
Registered stockholders holding all of their shares of common stock electronically in book-entry form do not need to take any action in connection with the reverse stock split. For those stockholders holding physical stock certificates, the Company’s transfer agent, EQ Shareowner Services, will send instructions offering holders the option to surrender such stockholders’ current certificates. Any stockholders that submit their certificates representing pre-split shares of common stock will have the option to (i) receive a stock certificate representing their post-split shares of common stock or (ii) have their post-split shares held electronically in book entry form.
Additional information about the reverse stock split can be found in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on July 8, 2020, a copy of which is also available at www.sec.gov or at www.northernoil.com under the SEC Filings tab located on the Investors page.
ABOUT NORTHERN OIL AND GAS
Northern Oil and Gas, Inc. is a company with a primary strategy of investing in non-operated minority working and mineral interests in oil & gas properties, with a core area of focus in the Williston Basin Bakken and Three Forks play in North Dakota and Montana. More information about Northern Oil and Gas, Inc. can be found at www.northernoil.com.
Mike Kelly, CFA
EVP Finance
952-476-9800
This email address is being protected from spambots. You need JavaScript enabled to view it.
Offshore Source keeps you updated with relevant information concerning the Offshore Energy Sector.
Any views or opinions represented on this website belong solely to the author and do not represent those of the people, institutions or organizations that Offshore Source or collaborators may or may not have been associated with in a professional or personal capacity, unless explicitly stated.