Business Wire News

New addition to executive team brings extensive talent management and petrochemical experience


HOUSTON--(BUSINESS WIRE)--#engineering--Audubon Companies, a global provider of engineering, consulting, construction, fabrication, and technical services supporting the energy, power, and industrial markets, announced today the addition of Leah L. Temple to the position of Director of In-Plant Staffing Services. Overseeing Audubon Companies’ In-Plant Engineering Services, she will be responsible for strategies and activities related to placing Audubon technical experts at petrochemical and refinery clients’ worksites to support all stages of plant operations.

Temple brings more than 20 years of talent management, recruiting, business development, and culture-building experience. Her approach to in-plant talent acquisition combines strong industry knowledge with recruiting and talent relationship management expertise. Before joining Audubon Companies, Temple served in a range of service coordination and business development roles for Siemens, Engineering & Inspection Services, Mullin, and Hargrove Engineers & Constructors.

Shawn Senf, Audubon Companies’ Vice President of Petrochemical and Refining, said, “I am pleased to welcome Leah in her new appointment. Her leadership experience and proven track record will be key in providing our clients with the multidisciplinary site-base experts they need to maintain and upgrade existing facilities.”

Temple adds, “I look forward to joining the Audubon team and helping clients achieve their business objectives. Our goal for turnkey in-plant staffing services is to provide clients with technical personnel who are focused on quality, safety, and effective performance.”

The petrochemical and refinery markets are evolving to meet new and emerging global demands, such as sustainability, energy storage and generation, and clean-burning fuel technology and additives. Providing the right in-plant experts will play a crucial role in helping operators enhance their competitiveness in the new landscape; keep pace with aggressive project schedules; and improve safety, throughput, reliability, and utilization.

On Twitter: @audubonco

About Audubon Companies

Audubon Companies is a leading provider of engineering, consulting, construction, fabrication, and technical services supporting the energy, power, infrastructure and industrial markets. Together with our family of companies – Audubon Engineering, Audubon Field Solutions, Audubon Industrial Solutions, Audubon Inspection Solutions, Audubon Carbon, Audubon Construction, Opero Energy, and Affinity – we deliver repeatable project success – safely, on-schedule, and within budget.

For more information, please visit auduboncompanies.com.


Contacts

Ivonne Hallard
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LONDON & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a significant(1) integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract for the Jubilee South East development, located offshore Ghana. It will be the company’s first iEPCI™ project with Tullow Ghana Ltd.


Jubilee South East is an extension to the Jubilee field. The contract builds upon TechnipFMC’s established relationship with Tullow and covers supply and offshore installation of all major subsea equipment, including manifolds and associated controls, flexible risers and flowlines, umbilicals, and subsea structures.

At the pre-tendering stage, TechnipFMC utilized its Subsea Studio™ digital solutions to help optimize field layout. Subsea Studio™ is the company’s portfolio of design and monitoring tools which help clients to improve economics, enhance performance, and reduce emissions throughout the life of a project.

Jonathan Landes, President, Subsea at TechnipFMC, commented, We are proud to continue supporting Tullow Ghana in the development of the Jubilee field. This is the first time Tullow has used our iEPCI™ model, which enables us to collaborate even more closely and simplify project delivery.

We will continue to use our Subsea Studio™ digital solution to optimize the development, execution, and operation of Jubilee South East.

We also see our work on this project as an opportunity to further develop our local content in Ghana, with the fabrication of a number of subsea structures, including production and water injection manifolds, carried out in-country.”

(1) For TechnipFMC, a “significant” contract is between $75 million and $250 million.

Note: this inbound order was included in the company’s second quarter financial results.

Important Information for Investors and Securityholders

Forward-Looking Statement

This release contains "forward-looking statements" as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. The words “believe”, “estimated” and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. For information regarding known material factors that could cause actual results to differ from projected results, please see our risk factors set forth in our filings with the United States Securities and Exchange Commission, which include our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by law.

About TechnipFMC

TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.

With our proprietary technologies and comprehensive solutions, we are transforming our clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.

Organized in two business segments — Subsea and Surface Technologies — we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation.

Each of our approximately 20,000 employees is driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.

TechnipFMC uses its website as a channel of distribution of material company information. To learn more about how we are driving change in the industry, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC.


Contacts

Investor relations

Matt Seinsheimer
Vice President, Investor Relations
Tel: +1 281 260 3665
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

James Davis
Senior Manager, Investor Relations
Tel: +1 281 260 3665
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Media relations

Nicola Cameron
Vice President, Corporate Communications
Tel: +44 1383 742297
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Catie Tuley
Director, Public Relations
Tel: +1 713 876 7296
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DUBLIN--(BUSINESS WIRE)--The "Alternatively Powered Commercial Vehicles: Global Fuel Markets 2021-2026" report has been added to ResearchAndMarkets.com's offering.


The global market for alternative fuel for all classes of commercial vehicles with oil prices at $40 per barrel should grow from $11.1 billion in 2021 to $19.4 billion by 2026 with a compound annual growth rate (CAGR) of 11.8% for the period of 2021-2026.

This report focuses on 10 major alternative fuels for commercial vehicles across North America; Latin America; Europe, the Middle East and Africa (EMEA); and the Asia-Pacific.

Alternative fuels are increasingly popular as countries seek energy independence and attempt to lower harmful emissions. The U.S. has led this effort and makes fuels from vegetables, restaurant grease and other materials for use in dedicated and flex-fuel vehicles. In dedicated vehicles, a single type of fuel can work but in flex-fuel vehicles, multiple types of fuels can be used by blending of fuels in a standard ratio as suggested by vehicles manufacturers.

This report considers several types of vehicles. Medium and heavy-duty type commercial vehicles command a major share of the market.

There are three price points considered for developing a complete understanding of alternative fuels for commercial vehicles: $40 barrel per thousand units, $80 barrel per thousand units and $120 barrel per thousand units. Most commonly, the price of fuel depends on the quality and effectiveness of fuel.

We have also covered information for industry leaders as well as for followers in the company profile chapter, key developments, and competition landscape, and others. The impact of COVID-19 is also covered in the scope of this report.

All market values are in U.S. dollar ($) millions and all are calculated as nominal value; 2020 is considered as the base year and 2021 as the projected year, with values forecast from 2022 to 2026. The market values are forecasted based on projected growth in various industries.

This updated report includes the impact of COVID-19 on the consumption of alternative fuels for commercial vehicles. Although there is a lack of data pertaining to the consumption of alternative fuels for commercial vehicles in 2020, the passenger car segment was hard-hit compared to commercial vehicles. Furthermore, the prices of conventional fuels went high during the pandemic period, which indirectly pushed the sales of alternatively powered vehicles as well as the consumption of alternative fuels.

The Report Includes

  • An up-to-date market analysis of the global market for alternative fuel-powered commercial vehicles and their variants
  • Analyses of the global market trends, with data from 2020, estimates for 2021 and projections of compound annual growth rates (CAGRs) through 2026
  • Estimation of current market size and market forecast for alternative powered commercial vehicles, and corresponding market share analysis by type of vehicle, power source, and geographic region
  • Evaluation of the breakeven oil price points for each fuel for each region at which they produce a favorable payback for commercial vehicles
  • Highlights of the current and future commercial vehicle demand for each alternative fuel, each category of commercial vehicle and each global region from 2020 through 2026
  • In-depth information (facts and figures) concerning market drivers, restraints and other forces affecting the progress of this market
  • Identification of the key stakeholders in the market, including on-board alternative fuel components and system suppliers, engine original equipment manufacturers (OEMs), commercial vehicle OEMs, stationary alternative fuel support equipment suppliers, methanol producers, biofuel producers, public natural gas utility companies, storage and transportation companies, refining and marketing companies, exploration and production companies, integrated oil and gas companies, and oil and gas services companies
  • Descriptive company profiles of the leading industry players, including AB Volvo, Autocar Truck, Nissan Diesel, Mercedes Benz, Mitsubishi Fuso, Volvo Trucks Petronas Chemicals Group Berhad and Schlumberger

Key Topics Covered:

Chapter 1 Introduction

Chapter 2 Summary and Highlights

  • Key Insights from Industry Leaders

Chapter 3 Market Background

  • Introduction
  • Historical and Currently Dominant Fuels
  • Fuels at the Dawn of the Internal Combustion Age
  • Dominant Fuels
  • Alternative Fuels
  • Alternative Fuel Feedstocks
  • Liquids
  • Gasses

Chapter 4 Requisite Enabling Systems for Alternative Fuels

  • Introduction and Objectives
  • Three Major Fuel System Approaches by Combustion Ignition Method
  • Fuel Additives for Liquid Alternative Fuels
  • Spark Plug or Glow Plug Ignition
  • Pilot Injection with High-Pressure Direct Injection
  • Dual Fuel
  • Component Portions Among Alternative Fuels
  • Onboard Vehicle
  • Stationary Support Equipment
  • Methanol
  • Stationary Support Equipment
  • Ethanol
  • Stationary Support Equipment
  • Biodiesel
  • Compressed Natural Gas
  • Liquefied Natural Gas
  • Liquid Propane Gas
  • Dimethyl Either
  • Compressed Hydrogen
  • Liquefied Hydrogen
  • Hythane

Chapter 5 Business Case Economics by Fuel Type and Region

  • Introduction of the Key Graph Format Definitions and Interpretation
  • Methanol
    • North America
    • Latin America
    • Europe, Middle East and Africa
    • Asia-Pacific
  • Compressed Natural Gas
  • Liquid Natural Gas
  • Liquid Propane Gas
  • Dimethyl Ether
  • Compressed Hydrogen
  • Liquid Hydrogen
  • Hythane
  • Summary of All Alternative Fuels by Region

Chapter 6 Market Size and Forecast for Alternative Fuels by Vehicle Class

  • Introduction
  • Base-Case Scenario: Long-Term Oil Prices at $80 per Barrel
  • High Oil Price Scenario: Long-Term Oil Price At $120 per Barrel
  • Low Oil Price Scenario: Long-Term Oil Price At $40 per Barrel

Chapter 7 Company Profiles

  • Engine Original Equipment Manufacturers
  • Onboard Component And System Suppliers
  • Equipment For Fuel Storage And Refueling
  • Equipment For Small-Scale Production Of Fuel
  • Commercial Vehicle OEMs
  • Public Utility Companies
  • Storage And Transportation Companies
  • Refining And Marketing Companies
  • Methanol Producing Companies
  • Ethanol Producing Companies
  • Biodiesel Producing Companies
  • Exploration And Production Companies
  • Integrated Oil And Gas Companies
  • Oil And Gas Services Companies

Chapter 8 Appendix: Acronyms

For more information about this report visit https://www.researchandmarkets.com/r/s9zk2l


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Systems will provide clean, renewable energy to select California restaurants

ATLANTA--(BUSINESS WIRE)--#SolMicroGrid--SolMicroGrid, an Energy-as-a-Service microgrid company, announced plans today to deploy a solar-enabled microgrid solution to provide energy resiliency and renewable energy to three Chick-fil-A® restaurants in California. SolMicroGrid’s innovative systems address the issue of planned and unplanned power outages and the need for greater renewable energy.


Through a combination of solar, natural gas generators, and on-site storage controlled by an AI dashboard, the microgrids will provide the reliability of continuous power during local utility outages. The microgrids are designed to produce clean, cost reducing, reliable and “always on” energy.

“This new system will allow us to reduce energy costs while helping us continue to serve our guests even through power outages,” said April Farage, a Chick-fil-A Operator in Stockton, California. “This solution will allow us to provide a place where guests in the community can convene, enjoy a meal and plug in when power may not be available to their homes.”

SolMicroGrid is a developer and operator of microgrid systems for commercial and industrial customers across North America who seek a comprehensive Energy-as-a-Service solution to their power needs. The senior management team, led by Matt Ward and Joyce Bone, worked alongside Chick-fil-A, Inc. to develop the first-of-its-kind energy system, which can be used at restaurants, gas stations, grocery stores, pharmacies and other community-essential businesses.

“The intention from the inception of SolMicroGrid was to provide community-critical businesses with the clean, renewable energy they need to serve their customers even during times of crisis, as well as to address the trend of increasing costs in energy,” said Ward, co-founder and CEO of SolMicroGrid.

Bone, co-founder and President of SolMicroGrid, added, “We could not be more excited to be associated with such a stellar organization as Chick-fil-A. Our corporate goals align closely with Chick-fil-A’s own commitment to the communities that Chick-fil-A restaurants serve and we both want to do our part in making this world a better place through greater use of carbon-free, renewable solar energy.”

Upon completion of the initial installations in California, Chick-fil-A, Inc. and SolMicroGrid, with support from its financial partner, Morgan Stanley Energy Partners, through their managed investment funds, intend to explore microgrid solutions for additional Chick-fil-A restaurant locations across North America.

About SolMicroGrid

Headquartered in Alpharetta, Georgia, SolMicroGrid is a differentiated developer and operator of solar-enabled microgrid systems offering energy resiliency and efficiency to commercial and industrial customers. SolMicroGrid is a portfolio company of Morgan Stanley Energy Partners. For further information about SolMicroGrid, please visit www.solmicrogrid.com.

About Chick-fil-A

Atlanta-based Chick-fil-A, Inc. is a family owned and privately held restaurant company founded in 1967 by S. Truett Cathy. Devoted to serving the local communities in which its franchised restaurants operate, and known for its original chicken sandwich, Chick-fil-A serves freshly prepared food in more than 2,600 restaurants in 47 states, Washington, D.C., and Canada. A leader in customer service satisfaction, Chick-fil-A was named top fast food restaurant in Newsweek’s 2019 America’s Best Customer Service report and received several honors in QSR’s 2019 Reader’s Choice Awards, including “The Most Respected Quick-Service Brand” and “Best Brand for Overall Experience”. Additionally, Glassdoor named Chick-fil-A, Inc. one of the top 100 best places to work in 2020. More information on Chick-fil-A is available at www.chick-fil-a.com.


Contacts

Kaitlin Jarvis
The Brandware Group on behalf of SolMicroGrid
This email address is being protected from spambots. You need JavaScript enabled to view it.
770-649-0880 ext. 317

Fourth Episode in 7 Saturdays Series Helps take the Anxiety out of Emergency Planning

SAN FRANCISCO--(BUSINESS WIRE)--As California enters the height of wildfire season, PG&E is continuing to offer information to help all Californians protect their homes and communities. In the fourth episode of its new 7 Saturdays to a More Fire-Resistant Home online video series, PG&E Senior Public Safety Specialist David Hawks and Co-Host Alicia Mason dig into how viewers can prepare emergency kits and plans for safe home evacuations.

Customers can stream the show on PG&E’s preparedness website, the Safety Action Center, which provides a wide array of information to help customers keep their families, homes and businesses safe during natural disasters and other emergencies.

Hawks, former CAL FIRE Chief of the Butte Unit, knows firsthand how important it is to have an emergency plan in place. According to Hawks, preparing in advance can ease fear and anxiety and help people respond quicker during an actual emergency. “Every household should have their own emergency plan that they review and update every six months. This includes having at least two emergency exit routes mapped out of your home and community, packing an emergency go-bag and signing up for emergency alerts,” said Hawks.

In this episode, viewers will learn:

  • How to sign up for emergency alerts
  • What to include in an emergency kit or go-bag
  • How to plan for an evacuation

Watch the fourth episode now on the Safety Action Center (safetyactioncenter.pge.com). New episodes will launch every week, for seven weeks.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.


Contacts

MEDIA RELATIONS:
415-973-5930

HOUSTON--(BUSINESS WIRE)--MV Oil Trust (NYSE: MVO) announced the Trust distribution of net profits for the second quarterly payment period ended June 30, 2021.

Unitholders of record on July 16, 2021 will receive a distribution amounting to $3,450,000 or $0.300 per unit payable July 23, 2021.

Volumes, average price and net profits for the payment period were:

Volume (BOE)

 

166,357

 

Average price (per BOE)

 

$

58.05

 

Gross proceeds

 

$

9,657,182

 

Costs

 

$

5,062,304

 

Net profits

 

$

4,594,878

 

Percentage applicable to Trust’s 80%

 

 

 

Net profits interest

 

$

3,675,902

 

MV Partners reserve for capital expenditures

 

$

--

 

Total cash proceeds available for the Trust

 

$

3,675,902

 

Provision for estimated Trust expenses

 

$

(225,902

)

Net cash proceeds available for distribution

 

$

3,450,000

 

This press release contains forward-looking statements. Although MV Partners, LLC has advised the Trust that MV Partners, LLC believes that the expectations contained in this press release are reasonable, no assurances can be given that such expectations will prove to be correct. The announced distributable amount is based on the amount of cash received or expected to be received by the Trustee from the underlying properties on or prior to the record date with respect to the quarter ended June 30, 2021. Any differences in actual cash receipts by the Trust could affect this distributable amount. Other important factors that could cause these statements to differ materially include the actual results of drilling operations, risks inherent in drilling and production of oil and gas properties, the ability of commodity purchasers to make payment, the effect, impact, potential duration or other implications of the COVID-19 pandemic, actions by the members of the Organization of Petroleum Exporting Countries, and other risk factors described in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2020 filed with the Securities and Exchange Commission. Statements made in this press release are qualified by the cautionary statements made in these risk factors. The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release.


Contacts

MV Oil Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Elaina Rodgers
713-483-6020

HOUSTON--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) today announced a $1.4 million grant to the Jackie Robinson Foundation (JRF) as part of the company’s longstanding commitment to diversity, equity and inclusion.


The grant includes $1 million to support the new Jackie Robinson Museum being built in New York City, which will serve as a venue for innovative educational programming and dialogue on critical social issues. The remaining $400,000 will provide four-year scholarships and support services as part of the JRF Scholarship Program to five underrepresented college students starting in the fall of 2021. In addition, Hess will provide internship opportunities for JRF Scholars, with a goal of five Hess JRF Scholar internships per year starting in 2022.

“Our company has a proud history of social investment programs focused on education to advance equal opportunity and economic growth throughout society,” said Chief Executive Officer John Hess. “We are delighted to support the Jackie Robinson Foundation in its celebrated work to promote the humanitarian values that defined Jackie Robinson’s life through higher education and leadership.”

“The Jackie Robinson Foundation is extremely grateful for Hess Corporation’s generous investment in our mission. This extraordinary gift allows us to provide critical support to young leaders who go on to embrace the values embedded in the life and legacy of our namesake,” said Della Britton, JRF President and CEO. “What’s more, Hess’ pledge to help bring to fruition the Jackie Robinson Museum also speaks to its commitment to promote equal opportunity and to challenge society to use history to inform a better future. We could not be more thrilled to partner with Hess Corporation.”

About Hess

Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information about Hess Corporation is available at www.hess.com.

About the Jackie Robinson Foundation

Since 1973, the Jackie Robinson Foundation (JRF) has perpetuated the memory of Jackie Robinson by providing four-year scholarships and comprehensive support to highly motivated students with financial need attending colleges and universities across the country to ensure their success and develop their leadership potential. With the opening of the Jackie Robinson Museum in 2022, the Foundation will build on the legacy of Jackie Robinson by educating and inspiring the general public around his heroic story and the ideals and values that defined his life. Learn more by visiting www.jackierobinson.org.


Contacts

Media Contact:
Lorrie Hecker
(212) 536-8250

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) announced today that it has been awarded a four-well contract with BP offshore Mauritania and Senegal for drillship, VALARIS DS-12. The contract is expected to commence in the first quarter of 2022 with an estimated duration of 285 days.


About Valaris Limited

Valaris Limited (NYSE: VAL) is the industry leader in offshore drilling services across all water depths and geographies. Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups, Valaris has experience operating in nearly every major offshore basin. Valaris maintains an unwavering commitment to safety, operational excellence, and customer satisfaction, with a focus on technology and innovation. Valaris Limited is a Bermuda exempted company (Bermuda No. 56245). To learn more, visit our website at www.valaris.com.

Cautionary Statements

Statements contained in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include words or phrases such as "anticipate," "believe," "estimate," "expect," "intend," "plan," "project," "could," "may," "might," “should,” “will” and similar words. Such statements are subject to numerous risks, uncertainties and assumptions that may cause actual results to vary materially from those indicated, including the Company’s liquidity and ability to access financing sources, debt restrictions that may limit our liquidity and flexibility, the COVID-19 outbreak and global pandemic, the related public health measures implemented by governments worldwide, the volatility in oil prices caused in part by the COVID-19 pandemic and the decisions by certain oil producers to reduce export prices and increase oil production, and cancellation, suspension, renegotiation or termination of drilling contracts and programs. In particular, the unprecedented nature of the current economic downturn, pandemic, and industry decline may make it particularly difficult to identify risks or predict the degree to which identified risks will impact the Company’s business and financial condition. In addition to the numerous factors described above, you should also carefully read and consider “Item 1A. Risk Factors” in Part I and “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part II of our most recent annual report on Form 10-K, as updated in our subsequent quarterly reports on Form 10- Q, which are available on the Securities and Exchange Commission’s website at www.sec.gov or on the Investor Relations section of our website at www.valaris.com. Each forward-looking statement speaks only as of the date of the particular statement and we undertake no obligation to update or revise any forward-looking statements, except as required by law.


Contacts

Investor & Media Contact: Darin Gibbins
Vice President - Investor Relations and Treasurer
+1-713-979-4623

FERGUS FALLS, Minn.--(BUSINESS WIRE)--Otter Tail Corporation will issue a news release announcing second quarter 2021 earnings results after market close on Monday, August 2, 2021 and will host a live conference call and webcast on Tuesday, August 3, 2021 at 10:00 a.m. CDT to discuss the corporation’s financial and operating performance.

Accompanying slides will be posted on the corporation’s website before the webcast begins. To access the live webcast, go to www.ottertail.com/presentations and select “Webcast.” Please allow time prior to the call to visit the site and download any software required to listen. A copy of the webcast will be available on the corporation’s website shortly after the call.

Dial 877-312-8789 to be able to ask a question during the conference call, or dial 866-634-1342 to listen only. Please contact Loren Hanson at 218-739-8481 or This email address is being protected from spambots. You need JavaScript enabled to view it. with any questions on how to participate.

About Otter Tail Corporation: Otter Tail Corporation has interests in diversified operations that include an electric utility and manufacturing businesses. Otter Tail Corporation stock trades on the NASDAQ Global Select Market under the symbol OTTR. The latest investor and corporate information is available at www.ottertail.com. Corporate offices are located in Fergus Falls, Minnesota, and Fargo, North Dakota.


Contacts

Loren Hanson, 218-739-8481
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PLANO, Texas--(BUSINESS WIRE)--Denbury Inc. (NYSE: DEN) (“Denbury” or the “Company”) plans to issue its second quarter 2021 financial and operating results prior to the market opening on Thursday, August 5, 2021. On the same day, the Company is scheduled to host a webcast and conference call at 11:00 a.m. Central Time (12 p.m. Eastern Time). The presentation webcast will be available, both live and for replay, on the Investor Relations page of the Company’s website at www.denbury.com. Individuals who would like to participate in the conference call should dial in shortly before the scheduled start time.


What: Denbury 2Q 2021 Results Conference Call

Date: Thursday, August 5, 2021

Time: 11:00 a.m. Central Time (12 p.m. Eastern Time)

Dial-in numbers: 877.705.6003 (domestic) and 201.493.6725 (international)

Conference ID number: 13696088

Denbury is an independent energy company with operations and assets focused on Carbon Capture, Use and Storage (CCUS) and Enhanced Oil Recovery (EOR) in the Gulf Coast and Rocky Mountain regions. For over two decades, the Company has maintained a unique strategic focus on utilizing CO2 in its EOR operations and since 2012 has also been active in CCUS through the injection of captured industrial-sourced CO2. The Company currently injects over three million tons of captured industrial-sourced CO2 annually, and its objective is to fully offset its Scope 1, 2, and 3 CO2 emissions within this decade, primarily through increasing the amount of captured industrial-sourced CO2 used in its operations. For more information about Denbury, visit www.denbury.com.


Contacts

Brad Whitmarsh, Executive Director, Investor Relations, 972.673.2020, This email address is being protected from spambots. You need JavaScript enabled to view it.
Susan James, Manager, Investor Relations, 972.673.2593, This email address is being protected from spambots. You need JavaScript enabled to view it.

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) invites investors, customers, members of the financial community and other interested parties to listen to a live webcast of its fiscal 2021 third-quarter earnings results on Thursday, August 5, 2021 at 10 a.m. ET. President and Chief Executive Officer Steve Westhoven and Chief Financial Officer Pat Migliaccio will present an overview of NJR’s financial and operational performance for the third quarter of fiscal 2021.


A few minutes prior to the webcast, go to njresources.com and select “Investor Relations.” Scroll down and click the link to the conference call under “Latest Events” on the right side of the page and click on the webcast link.

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:

  • New Jersey Natural Gas, NJR’s principal subsidiary, operates and maintains over 7,500 miles of natural gas transportation and distribution infrastructure to serve over half a million customers in New Jersey’s Monmouth, Ocean, Morris, Middlesex and Burlington counties.
  • NJR Clean Energy Ventures invests in, owns and operates solar projects with a total capacity of more than 360 megawatts, providing residential and commercial customers with low-carbon energy solutions.
  • NJR Energy Services manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across North America.
  • Storage & Transportation serves customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River Energy Center and the Adelphia Gateway Pipeline Project, as well as our 50% equity ownership in the Steckman Ridge natural gas storage facility, and our 20% equity interest in the PennEast Pipeline Project.
  • NJR Home Services provides service contracts as well as heating, central air conditioning, water heaters, standby generators, solar and other indoor and outdoor comfort products to residential homes throughout New Jersey.

NJR and its nearly 1,200 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.


Contacts

Media Contact:
Michael Kinney
732-938-1031
This email address is being protected from spambots. You need JavaScript enabled to view it.

Investor Contact:
Dennis Puma
732-938-1229
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Quarterly interim dividend of 12.5 cents per ordinary share, to be payable on August 4, 2021, to shareholders of record at close of business on July 16, 2021. Luxfer to report 2021 second quarter results on July 26th and host conference call on July 27th.


MANCHESTER, England--(BUSINESS WIRE)--Luxfer Holdings PLC (NYSE: LXFR), a global manufacturer of highly-engineered industrial materials (the “Company”), today announced that its Board of Directors has declared a regular quarterly dividend of 12.5 cents per ordinary share.

The dividend will be payable on August 4th, 2021, to shareholders of record at close of business on July 16th, 2021.

All holders of NYSE-listed ordinary shares will be paid in U.S. dollars through the Company’s dividend disbursing agent.

For holders of ordinary shares not directly listed on the NYSE, the dividend will be paid directly by the Company. Payment will be made in U.S. dollars, but holders of ordinary shares can elect to receive their dividend payment in respect of those ordinary shares in pounds sterling. If a holder of ordinary shares has previously requested and received a dividend payment in pounds sterling, the holder will receive this dividend payable on August 4th, 2021, in pounds sterling, unless an election in writing to change the currency of payment is received by the Company Secretary by July 19th, 2021. Holders of ordinary shares electing to receive their dividend in pounds sterling will have the U.S. dollar amount converted to pounds sterling at the spot rate reported in the Financial Times for the record date.

The Company also announced that it will release financial results for the second quarter of 2021 after the market closes on Monday, July 26th, 2021. Luxfer has scheduled a conference call at 8:30 a.m. U.S. Eastern Daylight Time on Tuesday, July 27th, 2021, during which management will provide a review of the Company’s second-quarter results.

Conference Call Information

U.S. participants may access the conference call by telephoning +1-877-341-8545. Participants from other countries may call +1-908-982-4601. The participant conference ID code is 6047794.

Please begin the call-in procedure at least 15 minutes before the conference call starts. The call is expected to last approximately one hour.

Please use the following link to access the webcast for the conference call:

https://event.on24.com/wcc/r/3308114/C1138386411DE4658DBB86D26C2E1B3C

A recording of the conference call will be available for replay two hours after the completion of the call and will remain accessible until the next quarterly report is released. To hear the recording, call +1-855-859-2056 in the U.S. and +1-404-537-3406 in other countries. Enter conference ID code 6047794 when prompted.

Slides used in the presentation and a recording of the call will also be available in the investor relations section of the Luxfer website at www.luxfer.com.

About Luxfer

Luxfer is a global manufacturer of highly-engineered industrial materials, which focuses on value creation by using its broad array of technical knowhow and proprietary technologies. Luxfer’s high-performance materials, components, and high-pressure gas containment devices are used in defense and emergency response, healthcare, transportation, and general industrial applications. For more information, visit www.luxfer.com.

Luxfer is listed on the New York Stock Exchange and its ordinary shares are traded under the symbol LXFR.


Contacts

Luxfer Holdings PLC
Heather Harding – Chief Financial Officer
+1 414-269-2419
This email address is being protected from spambots. You need JavaScript enabled to view it.

Expanded ‘Top Design Firms’ list affirms company’s leadership, expertise in power, water, telecommunications and government sectors


OVERLAND PARK, Kan.--(BUSINESS WIRE)--The 2021 Engineering News-Record’s (ENR) Sourcebook’s rankings underscore Black & Veatch’s continued leadership in the rapidly evolving energy, water, telecommunications and government services sectors.

ENR’s “Top 500 Design Firms” Sourcebook lists the rankings for dozens of specific infrastructure market categories and places Black & Veatch among the Top 10 companies in 19 categories. The rankings reflect the engineering, procurement, consulting and construction company’s success in anticipating client shifts to zero carbon power, greater water system resilience and better use of data around the globe.

Black & Veatch, which ranked second overall for the sixth consecutive year in power services, commanded the top ranking for solar power design and third position in transmission and distribution design. The company also ranked seventh overall in water services in 2021 and eighth for sewer and waste while ranking fourth in both sanitary and storm sewer services and hydro plants. The company’s water expertise was also reflected in top 10 rankings in water treatment and desalination plants, as well as in water supply and wastewater treatment plants.

Black & Veatch showed continued strength across telecommunications industry subsectors. Ranked second overall in telecommunications for its work on the expansion of 5G network deployments, broadband expansion and the push for transformative “smart city” approaches, the company is second for towers and antennae while third in transmission lines and cabling.

As utilities and communities around the world press for greater resilience and sustainability using new and evolving technologies, we continue to meet the challenge with innovative solutions that deliver value to our clients and the communities they serve,” said Steve Edwards, Black & Veatch’s CEO. “The latest ENR rankings reflect our commitment to providing the outcomes that clients demand.”

Last November, Black & Veatch announced it was strengthening its sustainability vision through sweeping pledges addressing environmental and business practices, including its own carbon neutrality by 2025. It separately declared an end to its participation in coal-based power design and construction, focusing instead on clean energy technologies and helping clients accelerate their path to net zero.

Among the rankings:

TOP DESIGN FIRMS IN POWER

  • Ranked 2 in Top 50 power
  • Ranked 1 in Top 10 solar power
  • Ranked 2 in Top 25 fossil fuel
  • Ranked 3 in Top 5 operation and maintenance
  • Ranked 4 in Top 25 transmission and distribution
  • Ranked 4 in Top 10 hydro plants
  • Ranked 12 in Top 15 nuclear plants

TOP DESIGN FIRMS IN MANUFACTURING, TELECOM

  • Ranked 2 in Top 50 telecommunications
  • Ranked 2 in Top 10 towers and antennae
  • Ranked 3 in Top 5 transmission lines and cabling
  • Ranked 8 in Top 15 in data centers

TOP DESIGN FIRMS IN PETROLEUM

  • Ranked 17 in Top 50 petroleum
  • Ranked 3 in Top 10 offshore and underwater facilities
  • Ranked 9 in Top 25 refineries and petrochemical plants

TOP DESIGN FIRMS IN ENVIRONMENT

  • Ranked 4 in Top 25 sanitary and storm sewers
  • Ranked 6 in Top 20 water treatment, desalination plants
  • Ranked 7 in Top 50 water supply
  • Ranked 7 in Top 25 wastewater treatment plants
  • Ranked 8 in Top 50 sewer and waste
  • Ranked 11 in Top 15 dams and reservoirs
  • Ranked 9 in Top 20 water transmission lines and aqueducts
  • Ranked 20 in Top 20 chemical and soil remediation
  • Ranked 39 in Top 50 hazardous waste

TOP DESIGN FIRMS IN GENERAL BUILDING

  • Ranked 5 in Top 25 government office

Editor’s Notes:

  • In January 2021, as further evidence of the company’s commitment to decarbonization and the development of a more balanced energy portfolio, Black & Veatch joined the Hydrogen Council – a global initiative of leading energy, transport and industry organizations with a vision for hydrogen’s ability to foster the energy transition.

About Black & Veatch

Black & Veatch is an employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Our revenues in 2020 exceeded US$3.0 billion. Follow us on www.bv.com and on social media.


Contacts

Media Contact Information:
JIM SUHR | +1 913-458-6995 P | +1 314-422-6927 M | This email address is being protected from spambots. You need JavaScript enabled to view it.
24-HOUR MEDIA HOTLINE | +1 866-496-9149

TORONTO--(BUSINESS WIRE)--Superior Plus Corp. (“Superior”) (TSX:SPB) today announced that Greg McCamus retired as President of Superior Propane on June 30, 2021. Rick Carron, Superior Propane’s Senior Vice President of Sales and Operations, has been named as the new President of Superior Propane following Mr. McCamus’ retirement.


Mr. McCamus joined Superior Plus Corp. in 2005 as the President of Superior Energy Management, and served as President of U.S. Refined Fuels before being appointed President, Superior Propane and Energy Distribution (North America) in 2012. During that time, oversaw Superior’s significant expansion and growth strategy in the Canadian and U.S. propane marketplaces.

During Mr. McCamus’ tenure, Superior Propane made a significant digital transformation that dramatically improved the company’s operating efficiency, reinvigorated the customer experience and modernized the propane business. Superior Propane’s first-class safety culture, modern metrics for customer service (Net Promotor Score) and industry-leading employee engagement are only a few more of Mr. McCamus’ valuable contributions.

“I want to thank Greg for being not only an outstanding leader and business executive, but also a trusted advisor,” said Luc Desjardins, President and CEO. “He always promoted what was best for all the stakeholders, including our customers, employees, communities and shareholders.”

Mr. Carron has served as Senior Vice President of Sales and Operations at Superior Propane since 2019 and has successfully delivered on key sales and operational initiatives. Previously, Mr. Carron served as Superior Propane’s Vice President, Sales since 2011. Since joining Superior, Mr. Carron has developed a best in class sales team that has increased commercial and residential sales in Canada as well as building the foundation for the sales structure of the U.S. Propane Distribution.

Prior to joining Superior, Mr. Carron held executive and senior leadership positions in different industries for more than 20 years, including key roles with Direct Energy, Bell Canada and Evoco Inc.

“I feel very fortunate to have worked closely with Greg during my time at Superior,” says Superior Propane President, Rick Carron. “Greg’s accomplishments are many and I am indebted to him for the mentorship that he has provided me, not only throughout my career, but especially over the past six months as he has helped me prepare to take on the role of President.”

Mr. Carron will focus on evolving Superior Propane’s proven and successful operating platform and capitalizing on new opportunities to invest in technology and innovation to further improve the customer experience.

About Superior Propane

Superior Propane is Canada's only national provider of portable fuels, equipment and service delivered locally to residential, commercial, agricultural and industrial customers in over 10,000 communities nationwide. In business since 1951, Superior is headquartered in Mississauga, ON and is part of the Energy Distribution division of Superior Plus Corp. Superior Propane employs more than 1,000 Canadians and delivers over 1.2 billion litres of propane annually.

For further information about Superior Propane, please contact Teresa Crosato, Senior Manager, Marketing Communications, Tel: (416) 460-9186, E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

About Superior Plus

Superior is a leading North American distributor and marketer of propane and distillates and related products and services, servicing over 780,000 customer locations in the U.S. and Canada.

For further information about Superior, please visit Superior’s website at: www.superiorplus.com or contact: Beth Summers, Executive Vice President and Chief Financial Officer, Tel: (416) 340-6015, or Rob Dorran, Vice President, Investor Relations and Treasurer, Tel: (416) 340-6003, E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it., Toll Free: 1-866-490-PLUS (7587).


Contacts

For Superior Propane:
Teresa Crosato, Senior Manager, Marketing Communications
Tel: (416) 460-9186
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

For Superior:
Beth Summers, Executive Vice President and Chief Financial Officer
Tel: (416) 340-6015
or
Rob Dorran, Vice President, Investor Relations and Treasurer
Tel: (416) 340-6003
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Toll Free: 1-866-490-PLUS (7587)

Work to be completed by Ameresco under the agreement will directly contribute to Northwestern University’s goals of reducing greenhouse gas emissions 30 percent by 2030.

EVANSTON & CHICAGO, Ill.--(BUSINESS WIRE)--#cleanenergy--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced it has entered into a long-term Energy as a Service (EaaS) agreement with Northwestern University. The partnership will help the institution address its energy-related deferred maintenance challenges with no up-front capital required, while also advancing its sustainability and academic goals.



As part of the agreement, Ameresco will provide ongoing energy management and related services in addition to identifying and implementing energy efficiency upgrade, for the campus’s 175 buildings and central plants. Energy efficiency projects slated for these buildings will leverage advanced technologies to provide more efficient, better performing building systems such as building automation, lighting, heating and cooling, and alternative energy systems while also providing an improved learning environment for students and faculty.

“This ambitious, multi-year partnership will make our campuses more environmentally sustainable through reduced energy demand, which will ultimately decrease utility costs,” said Craig Johnson, Northwestern’s senior vice president for business and finance. “We will also now be able to draw upon Ameresco’s expertise to inform our continued pursuit of more sustainable practices.”

By utilizing the EaaS model, the University will be able to tackle its immediate infrastructure capital needs while simultaneously funding these projects over time using energy savings. EaaS, a service model rising in popularity, allows for energy-related infrastructure improvements to be delivered directly to an end customer with no upfront capital required from the customer.

“We are proud to be Northwestern’s strategic partner through this innovative approach to addressing the critical infrastructure needs of the campus. This is a tremendous blueprint for colleges and universities across the nation,” said Lou Maltezos, executive vice president at Ameresco. “The energy infrastructure upgrades, and ongoing energy management services will not only provide efficiency and cost savings but will also address critical deferred maintenance and bolster the sustainability and carbon reduction goals of their campuses. As a longtime professional in the energy industry and an alumnus of Northwestern University, I am delighted to see this partnership help Northwestern reach its future goals of reducing greenhouse gas emissions 30 percent by 2030.”

“The sustainability fellowship program will help prepare our students for meaningful careers in the fields of energy management, renewable energy, and sustainability. The topics addressed by fellowship teams will include leading edge application of energy and sustainability concepts to real-world problems,” said Holly Benz, director of the Master of Science in Energy and Sustainability.

To learn more about the energy efficiency solutions offered by Ameresco, visit www.ameresco.com/energy-efficiency/.

About Ameresco, Inc.

Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and the United Kingdom. Ameresco’s sustainability services in support of clients’ pursuit of Net Zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. 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 March 31, 2021.


Contacts

Ameresco: Leila Dillon, 508-661-2264, This email address is being protected from spambots. You need JavaScript enabled to view it.

Industry group develops pre-storm preparedness program; details best practices to avoid carbon monoxide and other hazards

CLEVELAND--(BUSINESS WIRE)--Weather experts predict a dangerous and active hurricane season, a time when usage of portable generators peaks. And Tropical Storm Elsa is already here.


Unfortunately, the storms themselves are not the only risk factor—and, in fact, are not always the leading cause of injury or death.

Portable generators are life-saving emergency safety tools; however, because of improper consumer use, people suffer carbon monoxide poisoning year after year. To put this into perspective, when Hurricane Laura hit Louisiana in August 2020, 26 people died due to various circumstances, with carbon monoxide poisoning claiming the most lives—nine.

The Portable Generator Manufacturers’ Association (PGMA) wants to rewrite the news story in advance of this season’s first storm.

Take it Outside is a program developed to help keep owners of portable generators and their families safe by encouraging at-risk residents to start thinking about where generators can be safely used. Much like preparing families for a fire and creating a strategy in advance of calamity, actions are needed—and can be taken—before a storm strikes.

Specifically, the Take it Outside program emphasizes that the only safe way to operate a portable generator is by taking it outside. Planning for (1) where you will position your alternative energy source and (2) ensuring you have enough extension cord length to accommodate the safe distance is mandatory to keep people safe from the colorless, odorless threat of carbon monoxide.

Complete primer notes are available at PGMA’s public safety site. Inevitably, storms will come, and power outages will happen. What can and does help is preparedness! Please consider reviewing our safety materials, make a plan, and practice the plan.

About PGMA

The Portable Generator Manufacturers’ Association (PGMA) is a trade association that seeks to develop and influence safety and performance standards for our industry’s products. Formed in 2009, PGMA members include major manufacturers of portable generators sold in North America and a significant majority of the industry. www.pgmaonline.com.


Contacts

Pete Zeller
216.579.6100 ext. 2
email: This email address is being protected from spambots. You need JavaScript enabled to view it.

MIDLAND, Texas--(BUSINESS WIRE)--ProPetro Holding Corp. (“ProPetro”) (NYSE: PUMP) today announced that it will issue its second quarter 2021 earnings release on Tuesday, August 3, 2021, after the close of trading. ProPetro will host a conference call on Wednesday, August 4, 2021, at 8:00 AM Central Time to discuss its second quarter results.


To access the conference call, U.S. callers may dial toll free 1-877-879-1183 and international callers may dial 1-412-902-6703. Please call ten minutes ahead of the scheduled start time to ensure a proper connection. The call will also be webcast on ProPetro’s website, www.propetroservices.com.

A replay of the conference call will be available for one week following the call and can be accessed toll free by dialing 1-877-344-7529 for U.S. callers, 1-855-669-9658 for Canadian callers, as well as 1-412-317-0088 for international callers. The access code for the replay is 10158134.

About ProPetro

ProPetro Holding Corp. is a Midland, Texas-based oilfield services company providing pressure pumping and other complementary services to leading upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. For more information visit www.propetroservices.com.


Contacts

ProPetro Holding Corp

David Schorlemer, 432-688-0012
Chief Financial Officer
This email address is being protected from spambots. You need JavaScript enabled to view it.

HOUSTON & NEW YORK--(BUSINESS WIRE)--Carrier Energy Partners II, LLC (“Carrier” or the “Company”) has closed a new Senior Secured First Lien Term Loan (the "Term Loan"). Proceeds from the Term Loan will be used to retire existing borrowings under Carrier’s maturing reserve-based loan (“RBL”) facility.


“This financing strengthens the Company's balance sheet and minimizes future uncertainty as it relates to the previous semi-annual RBL redetermination process,” said Mark Clemans, President and Chief Executive Officer of Carrier.

Energy Capital Solutions, LLC acted as financial advisor and placement agent to Carrier and Thompson & Knight LLP acted as legal advisor to Carrier.

About Carrier Energy Partners II, LLC

Carrier Energy Partners II is a private oil and gas company led by Mark Clemans (CEO) and Christina Chen (CFO) focused on the acquisition and exploitation of upstream assets. Backed with an equity commitment from Riverstone Holdings LLC, its primary objective is to partner with select operators that are developing unconventional reservoirs in North America.

For more information, visit www.carrierenergy.com.

About Riverstone Holdings LLC

Riverstone is an energy and power-focused private investment firm founded in 2000 by David M. Leuschen and Pierre F. Lapeyre, Jr. with over $42 billion of equity capital raised to date. Riverstone conducts buyout, growth capital, and credit investments in the exploration & production, midstream, oilfield services, power and renewable sectors of the energy industry. With offices in New York, London, Houston, Menlo Park, Mexico City and Amsterdam, the firm has committed approximately $43 billion to more than 200 investments in North America, South America, Europe, Africa, Asia, and Australia.

For more information, visit www.riverstonellc.com.


Contacts

For Carrier Energy Partners II, LLC
Ryan Poole, 713-234-7631
or
For Riverstone Holdings LLC
Kekst CNC, Daniel Yunger, 212-521-4800

LONDON & HOUSTON--(BUSINESS WIRE)--Regulatory News:


TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a significant(1) integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract for the Jubilee South East development, located offshore Ghana. It will be the company’s first iEPCI™ project with Tullow Ghana Ltd.

Jubilee South East is an extension to the Jubilee field. The contract builds upon TechnipFMC’s established relationship with Tullow and covers supply and offshore installation of all major subsea equipment, including manifolds and associated controls, flexible risers and flowlines, umbilicals, and subsea structures.

At the pre-tendering stage, TechnipFMC utilized its Subsea Studio™ digital solutions to help optimize field layout. Subsea Studio™ is the company’s portfolio of design and monitoring tools which help clients to improve economics, enhance performance, and reduce emissions throughout the life of a project.

Jonathan Landes, President, Subsea at TechnipFMC, commented, We are proud to continue supporting Tullow Ghana in the development of the Jubilee field. This is the first time Tullow has used our iEPCI™ model, which enables us to collaborate even more closely and simplify project delivery.

We will continue to use our Subsea Studio™ digital solution to optimize the development, execution, and operation of Jubilee South East.

We also see our work on this project as an opportunity to further develop our local content in Ghana, with the fabrication of a number of subsea structures, including production and water injection manifolds, carried out in-country.”

(1) For TechnipFMC, a “significant” contract is between $75 million and $250 million.

Note: this inbound order was included in the company’s second quarter financial results.

Important Information for Investors and Securityholders

Forward-Looking Statement

This release contains "forward-looking statements" as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. The words “believe”, “estimated” and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. For information regarding known material factors that could cause actual results to differ from projected results, please see our risk factors set forth in our filings with the United States Securities and Exchange Commission, which include our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by law.

About TechnipFMC

TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.

With our proprietary technologies and comprehensive solutions, we are transforming our clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.

Organized in two business segments — Subsea and Surface Technologies — we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation.

Each of our approximately 20,000 employees is driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.

TechnipFMC uses its website as a channel of distribution of material company information. To learn more about how we are driving change in the industry, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC.

Category: UK regulatory


Contacts

Investor relations

Matt Seinsheimer
Vice President, Investor Relations
Tel: +1 281 260 3665
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

James Davis
Senior Manager, Investor Relations
Tel: +1 281 260 3665
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Media relations

Nicola Cameron
Vice President, Corporate Communications
Tel: +44 1383 742297
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Catie Tuley
Director, Public Relations
Tel: +1 713 876 7296
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE”) announced today that it has reached an agreement for liquefied natural gas (LNG) supply that will cover the remaining volumes for NFE’s existing natural gas and electricity businesses through the end of 2027.


“This transaction secures our LNG supply for the next several years across our existing portfolio of terminals and customers,” said Wes Edens, Chairman and CEO of NFE. “With commercial operations expected to begin within days in Mexico and next month in Nicaragua, this will ensure we provide our customers a reliable and affordable supply of cleaner energy. We will look to secure additional volumes later this year ahead of commencing our Brazil operations and as we continue to grow our customer base across all our terminals.”

With this gas supply in place, NFE will have purchased LNG volumes equal to approximately 100% of its expected needs for its current portfolio of five terminals and assets across the Caribbean, Mexico and Central America for the next six years. The Company anticipates securing additional LNG supply volumes later in 2021 to support NFE’s four terminals in Brazil, which are all expected to be operational in 2022.

“We executed our strategy to neutralize LNG exposure by securing LNG supply contracts that meet our downstream needs,” said Kasciandro Senem, LNG Managing Director of NFE. “Our next step is to extend this strategy to our Brazilian terminals. This work is well under way and will be executed in coordination with NFE’s downstream developments in the country.”

This agreement is subject to customary documentation.

About New Fortress Energy

New Fortress Energy is a global energy infrastructure company founded to help accelerate the world’s transition to clean energy. The company funds, builds and operates natural gas infrastructure and logistics to rapidly deliver fully integrated, turnkey energy solutions that enable economic growth, enhance environmental stewardship and transform local industries and communities.

Cautionary Language Regarding Forward-Looking Statements

Certain statements contained in this press release constitute “forward-looking statements” including obtaining customary approvals of definitive terms, management’s estimates of gas supply needed for the Company’s expected volumes through 2027, the timing for commencing commercial operations in Mexico and Nicaragua, the plans for continued growth of New Fortress’ customer base and projects, efforts to spur economic growth, reduce emissions and make energy more affordable and cleaner, and the growth of our portfolio. These forward-looking statements represent the Company’s expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of the Company’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the risk that we are not able to obtain approvals for the commercial terms of the gas supply we expect to obtain, the risk that our customer base and projects will not grow or be successful in line with our expectations or plans, the risk that our projects will not result in cleaner, more affordable or more reliable energy and the risk that the portfolio will not grow in the way we expect. Accordingly, readers should not place undue reliance on forward-looking statements as a prediction of actual results.

Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, the Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for the Company to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the prospectus included in the registration statement filed with the SEC in connection with the Company’s annual and quarterly reports filed with the SEC, which could cause its actual results to differ materially from those contained in any forward-looking statement.


Contacts

IR:
Joshua Kane
(516) 268-7455
This email address is being protected from spambots. You need JavaScript enabled to view it.

Media:
Jake Suski
(516) 268-7403
This email address is being protected from spambots. You need JavaScript enabled to view it.

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